Airan Limited (AIRAN) - Net Assets

Latest as of March 2026: Rs1.65 Billion INR ≈ $17.87 Million USD

Based on the latest financial reports, Airan Limited (AIRAN) has net assets worth Rs1.65 Billion INR (≈ $17.87 Million USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Rs1.93 Billion ≈ $20.86 Million USD) and total liabilities (Rs276.63 Million ≈ $2.99 Million USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Also explore balance sheet size of Airan Limited for the complete picture of this company's asset base.

Key Net Assets Metrics

Metric	Value
Current Net Assets	Rs1.65 Billion
% of Total Assets	85.66%
Annual Growth Rate	18.67%
5-Year Change	48.06%
10-Year Change	359.27%
Growth Volatility	35.58

Airan Limited - Net Assets Trend (2012–2026)

This chart illustrates how Airan Limited's net assets have evolved over time, based on quarterly financial data. Check Airan Limited tangible net worth ratio to evaluate the tangible quality of the company's equity base.

Annual Net Assets for Airan Limited (2012–2026)

The table below shows the annual net assets of Airan Limited from 2012 to 2026. For live valuation and market cap data, see Airan Limited market cap and net worth.

Year	Net Assets	Change
2026-03-31	Rs1.65 Billion ≈ $17.87 Million	+7.74%
2025-03-31	Rs1.53 Billion ≈ $16.58 Million	+13.78%
2024-03-31	Rs1.35 Billion ≈ $14.57 Million	+10.34%
2023-03-31	Rs1.22 Billion ≈ $13.21 Million	+9.46%
2022-03-31	Rs1.12 Billion ≈ $12.07 Million	+25.36%
2021-03-31	Rs890.10 Million ≈ $9.63 Million	+8.89%
2020-03-31	Rs817.43 Million ≈ $8.84 Million	-2.11%
2019-03-31	Rs835.02 Million ≈ $9.03 Million	+3.90%
2018-03-31	Rs803.67 Million ≈ $8.69 Million	+123.41%
2017-03-31	Rs359.72 Million ≈ $3.89 Million	+90.74%
2016-03-31	Rs188.59 Million ≈ $2.04 Million	+8.31%
2015-03-31	Rs174.13 Million ≈ $1.88 Million	+4.15%
2014-03-31	Rs167.18 Million ≈ $1.81 Million	+5.44%
2013-03-31	Rs158.56 Million ≈ $1.71 Million	+5.40%
2012-03-31	Rs150.44 Million ≈ $1.63 Million	--

Equity Component Analysis

This analysis shows how different components contribute to Airan Limited's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.

Equity Composition Insights

Retained earnings have decreased by 0.0% over the analyzed period, potentially due to dividend distributions or operating losses.

Current Equity Component Breakdown (March 2026)

Component	Amount	Percentage
Common Stock	Rs250.04 Million	16.02%
Other Components	Rs1.31 Billion	83.98%
Total Equity	Rs1.56 Billion	100.00%

Airan Limited Competitors by Market Cap

The table below lists competitors of Airan Limited ranked by their market capitalization.

Company	Market Cap
Control Bionics Ltd AU:CBL	$20.32 Million
Law Debenture Corp LSE:LWDB	$20.33 Million
TMD Energy Limited NYSE MKT:TMDE	$20.34 Million
Marker Therapeutics Inc NASDAQ:MRKR	$20.34 Million
ReWalk Robotics Ltd NASDAQ:LFWD	$20.32 Million
Mirae Corporation KO:025560	$20.31 Million
Sidma S.A. Steel Products AT:SIDMA	$20.31 Million
Muar Ban Lee Group Bhd KLSE:5152	$20.30 Million

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Airan Limited's equity between the two most recent reporting periods.

Equity Growth Insights

From 2025 to 2026, total equity changed from 1,443,069,000 to 1,560,832,000, a change of 117,763,000 (8.2%).
Net income of 121,153,000 contributed positively to equity growth.

Equity Change Factors (2025 to 2026)

Factor	Impact	Contribution
Net Income	Rs121.15 Million	+7.76%
Other Changes	Rs-3.39 Million	-0.22%
Total Change	Rs-	8.16%

Book Value vs Market Value Analysis

This analysis compares Airan Limited's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.

Valuation Insights

Current price-to-book ratio: 1.25x
The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
The price-to-book ratio has decreased from 12.49x to 1.25x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
2012-03-31	Rs1.20	Rs15.03	x
2013-03-31	Rs1.27	Rs15.03	x
2014-03-31	Rs1.34	Rs15.03	x
2015-03-31	Rs1.39	Rs15.03	x
2016-03-31	Rs1.51	Rs15.03	x
2017-03-31	Rs2.88	Rs15.03	x
2018-03-31	Rs6.43	Rs15.03	x
2019-03-31	Rs6.89	Rs15.03	x
2020-03-31	Rs6.54	Rs15.03	x
2021-03-31	Rs7.00	Rs15.03	x
2022-03-31	Rs8.28	Rs15.03	x
2023-03-31	Rs9.10	Rs15.03	x
2024-03-31	Rs10.08	Rs15.03	x
2025-03-31	Rs10.83	Rs15.03	x
2026-03-31	Rs11.98	Rs15.03	x

Capital Efficiency Dashboard

This dashboard shows how efficiently Airan Limited utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.

Capital Efficiency Insights

Current Return on Equity (ROE): 7.76%
The company has moderate efficiency in generating returns from equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 10.79%
• Asset Turnover: 0.58x
• Equity Multiplier: 1.24x
Recent ROE (7.76%) is above the historical average (7.18%), indicating improving capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2012	4.62%	7.00%	0.51x	1.29x	Rs-8.09 Million
2013	5.12%	7.25%	0.57x	1.24x	Rs-7.74 Million
2014	5.16%	6.01%	0.63x	1.37x	Rs-8.09 Million
2015	4.67%	4.25%	0.64x	1.71x	Rs-9.27 Million
2016	6.62%	4.82%	0.85x	1.62x	Rs-6.37 Million
2017	6.39%	7.96%	0.57x	1.41x	Rs-12.98 Million
2018	6.30%	13.58%	0.37x	1.24x	Rs-29.70 Million
2019	4.96%	8.54%	0.50x	1.16x	Rs-42.07 Million
2020	8.23%	11.66%	0.55x	1.28x	Rs-14.50 Million
2021	6.69%	8.83%	0.57x	1.34x	Rs-28.96 Million
2022	9.29%	11.02%	0.65x	1.30x	Rs-7.40 Million
2023	9.11%	10.64%	0.66x	1.30x	Rs-10.15 Million
2024	9.96%	11.89%	0.67x	1.26x	Rs-560.80K
2025	12.76%	17.29%	0.60x	1.24x	Rs39.81 Million
2026	7.76%	10.79%	0.58x	1.24x	Rs-34.93 Million

Industry Comparison

This section compares Airan Limited's net assets metrics with peer companies in the Information Technology Services industry.

Industry Context

Industry: Information Technology Services
Average net assets among peers: $2,024,841,522
Average return on equity (ROE) among peers: 18.91%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Airan Limited (AIRAN)	Rs1.65 Billion	4.62%	0.17x	$20.32 Million
AAA Technologies Limited (AAATECH)	$239.64 Million	9.76%	0.16x	$12.57 Million
Accelya Solutions India Limited (ACCELYA)	$2.83 Billion	33.18%	0.45x	$184.33 Million
Adroit Infotech Limited (ADROITINFO)	$198.50 Million	19.06%	0.72x	$5.85 Million
Alankit Limited (ALANKIT)	$983.72 Million	10.04%	0.68x	$22.79 Million
Bartronics India Limited (ASMS)	$341.75 Million	17.37%	0.99x	$23.32 Million
BIRLASOFT LIMITED (BSOFT)	$6.04 Billion	15.66%	0.50x	$971.75 Million
Computer Age Management Services Limited (CAMS)	$4.51 Billion	32.35%	0.55x	$2.12 Billion
Cigniti Technologies Limited (CIGNITITEC)	$2.69 Billion	9.42%	0.43x	$374.23 Million
Cambridge Technology Enterprises Limited (CTE)	$387.89 Million	23.35%	0.37x	$7.84 Million

About Airan Limited

NSE:AIRAN India Information Technology Services

Market Cap

$20.32 Million

Rs1.88 Billion INR

Market Cap Rank

#25018 Global

#1392 in India

Share Price

Rs15.03

Change (1 day)

-0.66%

52-Week Range

Rs12.83 - Rs27.18

All Time High

Rs44.35