Aurionpro Solutions financials and balance sheet

NSE: AURIONPROBSE: 532668IT - SoftwareSmall Cap

₹549.50₹20.10 (3.53%)BSE ₹548.70

Share price at the NSE close on 23 Oct 2026. Previous close ₹569.60.

52-week range of traded prices to 23 Oct 2026

₹540.80Low, 23 Oct 2026₹1,240.00High, 4 Nov 2025

Next results date: the board meets on 31 Oct 2026 to consider: financial results.

Market cap: ₹3,037 Cr793rd largest listed
P/E: 14.9
P/B: 1.7
Dividend yield: 0.55%
ROE: 12.6%
ROCE: 12.9%
Debt to equity: 0.03
Volume, NSE: 1,95,61546.1% delivered

10 years at a glance

Consolidated: the company and its subsidiaries together. ₹ crore, years to March.Aurionpro Solutions annual reports

Revenue, net profit and borrowings, ₹ crore

Revenue
Net profit
Borrowings
Loss

A loss in 1 of the 10 years shown

Operating and net margin, per cent

Operating margin
Net margin

From Apr 2019 leases sit on the balance sheet: rent is charged as depreciation and interest instead, so operating profit and total assets step up with nothing about the business having changed. Borrowings here leave lease liabilities out. Lease payments were 10.3% of operating profit in the first full year.

The years either side of a change of basis do not compare. From the year to Mar 2018, the company's revenue for that year, ₹419 Cr, differs from its quarters added, ₹606 Cr; the company reports the part of the business demerged on 14 Aug 2018 as discontinued, and figures before the change include it. From the year to Mar 2021, the company reports a discontinued business.

Results for the year to Mar 2026

Consolidated: the company and its subsidiaries together. ₹ crore.

From revenue to net profit

Revenue1,411
Materials and goods−0.2
Employee costs−589
Other expenses−540
Operating profit282
Depreciation−39
Other income+29
One-off items−6.1
Finance costs−10
Profit before tax256
Tax−41
Discontinued businesses−3.7
Net profit212

What the company owns

Plant, investments and other assets₹1,720 Cr
Receivables₹377 Cr
Cash and bank₹205 Cr
Inventory₹33 Cr

What pays for it: net worth and liabilities

Net worth₹1,745 Cr
Other liabilities₹416 Cr
Owed to suppliers₹123 Cr
Borrowings₹51 Cr

Aurionpro Solutions business segments, year to Mar 2026

A reportable segment is a line of business the company must report on its own. Consolidated, ₹ crore, as the company reports them.Aurionpro Solutions segment results by quarter

Revenue by segment

₹1,411 CrTotal

Sale of Software Services₹933 Cr66.1% of total
Sale of Equipment and product license₹478 Cr33.9% of total

Profit by segment

Sale of Software Services₹770 Cr78.5% of total
Sale of Equipment and product license₹210 Cr21.5% of total

Segment results by year

Consolidated, ₹ crore, years to March.

Sale of Software Services
Revenue, ₹ crore
349
325
274
341
442
587
767
933
Mar 18Mar 19Mar 20Mar 21Mar 22Mar 23Mar 24Mar 25Mar 26
Profit, ₹ crore
290
268
221
267
347
493
653
770
Mar 18Mar 19Mar 20Mar 21Mar 22Mar 23Mar 24Mar 25Mar 26
Sale of Equipment and product license
Revenue, ₹ crore
218
300
406
478
Mar 18Mar 19Mar 20Mar 21Mar 22Mar 23Mar 24Mar 25Mar 26
Profit, ₹ crore
64
97
116
210
Mar 18Mar 19Mar 20Mar 21Mar 22Mar 23Mar 24Mar 25Mar 26

₹ crore	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Revenue of all businesses	–	522	455	374	505	659	887	1,173	1,411
Company revenue, as in its results	419	522	455	374	505	659	887	1,173	1,411
Revenue	–	349	325	274	341	442	587	767	933
Revenue growth	–	–	−6.9%	−15.7%	24.4%	29.7%	33.0%	30.6%	21.6%
Profit	–	290	268	221	267	347	493	653	770
Profit growth	–	–	−7.6%	−17.8%	20.9%	30.2%	41.8%	32.6%	17.8%
Margin	–	83.3%	82.6%	80.6%	78.4%	78.7%	83.9%	85.2%	82.5%
Revenue	–	–	–	–	–	218	300	406	478
Revenue growth	–	–	–	–	–	–	37.9%	35.2%	17.8%
Profit	–	–	–	–	–	64	97	116	210
Profit growth	–	–	–	–	–	–	52.2%	18.9%	81.7%
Margin	–	–	–	–	–	29.4%	32.4%	28.5%	44.0%
Revenue	–	173	130	100	164	–	–	–	–
Revenue growth	–	–	−24.9%	−22.9%	64.0%	–	–	–	–
Profit	–	50	34	45	54	–	–	–	–
Profit growth	–	–	−32.1%	32.3%	20.5%	–	–	–	–
Margin	–	28.7%	26.0%	44.6%	32.8%	–	–	–	–

Profit is before tax and finance costs, the way companies report their segments.

Profit and loss

Consolidated, ₹ crore, years to March.Aurionpro Solutions quarterly results

₹ crore	Mar 2017	Mar 2018Filed 8 Aug	Mar 2019Filed 3 May	Mar 2020Filed 3 Jul	Mar 2021Filed 29 May	Mar 2022Filed 23 May	Mar 2023Filed 24 May	Mar 2024Filed 16 May	Mar 2025Filed 10 Jun	Mar 2026Filed 21 Jul
Revenue from operations	638	419	522	455	374	505	659	887	1,173	1,411
	574	339	411	370	290	393	514	694	931	1,129
Materials and goods bought	–	−7	−13	8	1	2	−7	−5	0	0
Employee costs	–	174	164	167	150	176	220	334	442	589
Other expenses	–	171	261	196	140	216	302	365	489	540
Operating profit before depreciation	64	80	111	85	84	112	145	193	242	282
Operating margin	10.0%	19.1%	21.2%	18.6%	22.4%	22.1%	22.0%	21.8%	20.6%	20.0%
Materials, % of revenue	–	−1.6%	−2.6%	1.7%	0.2%	0.3%	−1.1%	−0.6%	0.0%	0.0%
Employee costs, % of revenue	–	41.6%	31.4%	36.7%	40.0%	34.8%	33.3%	37.6%	37.7%	41.7%
Other expenses, % of revenue	–	40.9%	50.0%	43.1%	37.4%	42.7%	45.8%	41.1%	41.7%	38.2%
Depreciation and amortisation	26	32	31	42	139	14	16	21	30	39
Operating profit after depreciation	38	48	80	42	−56	98	129	173	212	243
Other income	8	6	7	10	3	5	4	9	20	29
Finance costs	26	14	12	18	16	8	11	13	7	10
Profit before one-off items and tax	20	39	75	34	−68	95	123	169	225	262
One-off items	28	0	0	0	−46	0	0	0	0	−6
Profit before tax	47	39	75	34	−115	95	122	169	225	256
	7	1	15	3	3	19	20	26	37	41
Current tax	–	11	16	4	7	18	23	23	37	51
Deferred tax	–	−9	−1	−2	−4	1	−2	3	0	−11
Share of profit of joint ventures and associates	–	–	0	0	–	–	–	–	–	–
Profit from discontinued businesses	–	76	–	–	−74	–	–	–	–	−4
	43	114	61	32	−192	76	102	143	188	212
Belonging to the company's shareholders	43	–	57	32	−122	71	97	141	186	209
Belonging to outside owners of subsidiaries	–	–	4	0	−70	5	5	2	2	2
Other comprehensive income	–	−2	0	0	3	−1	2	0	0	61
Total comprehensive income	–	112	61	31	−189	75	104	143	189	272
Net margin	6.8%	–	11.6%	7.0%	–	15.0%	15.5%	16.1%	16.1%	15.0%
Net margin without joint ventures and associates	–	–	11.5%	6.9%	–	–	–	–	–	–

Materials, employee costs and other expenses are shown for the years they add up to operating expenses; for the year to Mar 2017 they do not, so they are left blank. Belonging to the company's shareholders is left blank for the year to Mar 2018: the filing's split of the profit between the company's shareholders and the other owners of its subsidiaries is contradicted by its own figures, which do not prove which line is the shareholders'. Net margin is left blank for the years to Mar 2018 and Mar 2021: the profit includes the result of a business the company has discontinued, which the revenue does not, so the two make no margin. Share of profit of joint ventures and associates is left blank for the year to Mar 2023: the filing states 0 for this share both for the period and for the year so far, which the form also writes for a line it does not fill, while the company's other filings for the same year show it was not 0 over those months.

Balance sheet

Consolidated, ₹ crore, at 31 March.

₹ crore	Mar 2018Filed 8 Aug	Mar 2019Filed 3 May	Mar 2020Filed 3 Jul	Mar 2021Filed 29 May	Mar 2022Filed 23 May	Mar 2023Filed 24 May	Mar 2024Filed 16 May	Mar 2025Filed 10 Jun	Mar 2026Filed 21 Jul
	530	542	631	340	404	515	946	1,508	1,745
	410	498	543	336	397	498	930	1,503	1,738
Share capital	24	24	23	23	23	23	25	54	54
Reserves	386	474	521	314	374	475	905	1,450	1,684
Belonging to outside owners of subsidiaries	121	44	88	3	7	17	16	5	7
	53	91	95	87	53	75	69	17	51
Repayable after a year	20	56	55	50	32	32	4	4	1
Repayable within a year	33	35	40	37	21	43	65	13	50
	285	316	258	201	194	282	407	376	521
Trade payables	67	141	78	54	78	120	146	167	123
Other financial liabilities	100	59	84	60	35	52	119	84	203
Other liabilities	57	61	49	41	48	51	62	83	111
Provisions	3	4	5	5	5	8	11	15	13
Tax owed	25	16	2	5	7	8	4	15	22
	23	59	87	74	48	52	44	65	67
Other financial liabilities	0	0	17	4	1	8	26	45	39
Other liabilities	0	3	10	16	10	7	9	7	4
Provisions	3	0	5	4	5	5	6	8	21
Deferred tax	0	0	–	–	–	0	0	2	2
Liabilities going with businesses held for sale	–	–	–	–	–	–	–	–	1
	838	917	976	615	645	849	1,398	1,950	2,335
Held for sale or for a demerger	–	–	–	52	–	–	–	–	26
	398	474	558	222	222	292	502	839	1,076
Plant in use, after depreciation	60	64	62	55	57	85	86	146	136
Plant being built	28	15	5	13	10	3	1	0	0
Intangible assets	135	171	189	23	20	43	36	76	145
Goodwill	114	62	66	66	67	85	315	497	535
Intangible assets being developed	0	82	129	–	1	3	22	20	67
Investments	3	18	42	36	40	36	0	0	0
Other financial assets	3	12	23	21	9	9	10	42	84
Deferred tax	36	34	41	8	7	9	5	11	19
Other assets	19	17	2	1	9	19	27	47	90
	440	443	418	341	423	557	896	1,111	1,233
Inventories	16	29	27	26	24	28	33	33	33
Trade receivables	127	196	133	103	139	199	291	306	377
Cash and cash equivalents	125	35	20	22	40	24	250	269	132
Other bank balances	11	12	12	16	17	19	19	93	73
Loans given	0	0	0	0	0	0	0	0	4
Other financial assets	28	26	75	63	73	111	172	238	310
Other assets	133	145	151	110	130	175	131	173	305
Net debt	−82	45	63	48	−5	32	−200	−344	−154

Borrowings are counted again inside the liabilities due within a year and after a year. No balance sheet is on record for the year to Mar 2017, so its lines and the ratios worked from it are blank there.

Cash flow

Consolidated, ₹ crore, years to March.

₹ crore	Mar 2021Filed 29 May	Mar 2022Filed 23 May	Mar 2023Filed 24 May	Mar 2024Filed 16 May	Mar 2025Filed 10 Jun	Mar 2026Filed 21 Jul
	49	62	41	164	157	56
	44	76	53	184	194	105
	37	−27	−91	−10	−54	−167
Receivables	51	−63	−152	−102	−103	−299
Inventories	0	2	−7	−5	0	−1
Payables	−22	34	68	96	49	134
Other working capital	8	0	0	0	0	0
Tax paid	−7	−20	−21	−30	−40	−52
Interest paid	14	6	8	10	3	4
Capital spending	10	13	46	32	95	170
Free cash flow	39	49	−5	131	62	−114
	−10	28	−56	−203	−421	−154
Interest received	1	1	3	2	14	8
	−37	−72	−2	265	283	−39
Borrowings raised	0	0	17	−5	−55	34
Borrowings repaid	−16	−61	0	0	0	0
Interest paid	−13	−8	−7	−9	−3	−3
Lease payments	−9	−6	0	−7	−8	−8
Dividends paid	0	0	6	6	19	28
Shares bought back	0	0	0	0	0	0
Shares issued	0	0	0	293	368	0
Net change in cash	2	18	−16	226	19	−137

Capital spending is part of cash from investing, and dividends paid, shares bought back and shares issued are part of cash from financing. Each is shown as an amount on a line of its own, and the section's other items are in its total only. No cash flow statement is on record for the years to Mar 2017, Mar 2018, Mar 2019 and Mar 2020.

Consolidated, ₹ per share, years to March.Aurionpro Solutions dividend history

₹ per share	Mar 2017	Mar 2018Filed 8 Aug	Mar 2019Filed 3 May	Mar 2020Filed 3 Jul	Mar 2021Filed 29 May	Mar 2022Filed 23 May	Mar 2023Filed 24 May	Mar 2024Filed 16 May	Mar 2025Filed 10 Jun	Mar 2026Filed 21 Jul
	₹9.96	₹19.24	₹12.05	₹6.83	−₹26.74	₹15.50	₹21.35	₹30.24	₹34.72	₹38.90
As stated that year	₹19.91	₹38.47	₹24.10	₹13.65	−₹53.48	₹31.00	₹42.69	₹60.48	₹34.72	₹38.90
	₹9.96	₹19.24	₹12.05	₹6.83	−₹26.74	₹15.50	₹21.35	₹29.13	₹34.21	₹37.87
As stated that year	₹19.91	₹38.47	₹24.10	₹13.65	−₹53.48	₹31.00	₹42.69	₹58.26	₹34.21	₹37.87
	₹0.50	₹1.00	₹1.00	–	–	₹1.25	₹1.25	₹2.50	₹4.00	₹4.00
As declared that year	₹1.00	₹2.00	₹2.00	–	–	₹2.50	₹2.50	₹2.50	₹4.00	₹4.00
	–	₹86.71	₹105.27	₹119.17	₹73.79	₹87.03	₹109.15	₹188.10	₹279.89	₹322.97
On that year's share count	–	₹173.42	₹210.54	₹238.33	₹147.57	₹174.06	₹218.30	₹376.20	₹279.89	₹322.97
Dividend payout	5.1%	–	8.3%	–	–	8.1%	5.9%	8.8%	11.5%	10.3%
Shareholder yield	–	–	–	–	0.0%	0.0%	0.8%	−5.3%	−3.9%	0.7%
Market cap at the year end (₹ crore)	272	491	305	92	312	744	702	5,403	8,857	4,001

Every year is restated for later splits and bonuses, so they do not break the line. The figure the company stated that year is under each line it differs from.

Ratios

Consolidated, years to March.Aurionpro Solutions PE ratio and valuation

Ratio	Mar 2017	Mar 2018Filed 8 Aug	Mar 2019Filed 3 May	Mar 2020Filed 3 Jul	Mar 2021Filed 29 May	Mar 2022Filed 23 May	Mar 2023Filed 24 May	Mar 2024Filed 16 May	Mar 2025Filed 10 Jun	Mar 2026Filed 21 Jul
Revenue growth	−10.2%	–	24.8%	−12.9%	–	35.0%	30.6%	34.6%	32.2%	20.3%
Operating profit growth	−31.0%	–	38.7%	−23.7%	–	33.2%	30.0%	33.4%	25.0%	16.8%
Net profit growth	−19.8%	–	−46.9%	−47.8%	–	–	34.8%	40.3%	31.8%	12.4%
Earnings per share growth	−24.7%	–	−37.3%	−43.4%	–	–	37.7%	41.7%	14.8%	12.0%
	–	–	12.6%	6.1%	−27.7%	19.3%	21.8%	19.7%	15.3%	12.9%
	–	–	–	−6.4 pts	−33.9 pts	47.0 pts	2.5 pts	−2.0 pts	−4.4 pts	−2.4 pts
From the net margin	–	–	–	−4.5 pts	–	–	1.1 pts	1.7 pts	0.0 pts	−1.0 pts
From asset turnover	–	–	–	−1.5 pts	–	–	2.1 pts	−2.5 pts	−2.2 pts	−0.9 pts
From borrowing	–	–	–	−0.4 pts	–	–	−0.6 pts	−1.2 pts	−2.2 pts	−0.5 pts
Return on capital employed	–	8.2%	12.6%	5.8%	−13.1%	21.4%	21.9%	17.0%	13.9%	13.5%
Cash conversion	–	–	–	–	–	82.1%	40.1%	114.5%	83.4%	26.4%
Interest cover	1.4	3.4	6.7	2.3	–	11.8	12.0	13.2	31.9	23.9
Debt to equity	–	0.10	0.17	0.15	0.25	0.13	0.14	0.07	0.01	0.03
Receivable days	–	111	137	107	101	100	110	120	95	98
Inventory days	–	−834	−788	1,271	14,900	5,230	−1,465	−2,419	96,225	67,204
Payable days	–	−3,588	−3,834	3,714	31,015	17,199	−6,261	−10,731	4,88,559	2,52,726
Cash conversion cycle, days	–	2,866	3,183	−2,335	−16,014	−11,869	4,906	8,432	−3,92,238	−1,85,424
Working capital days	–	46	81	135	135	139	152	117	120	144
Asset turnover	–	0.50	0.59	0.48	0.47	0.80	0.88	0.79	0.70	0.66
Assets per rupee of net worth	–	2.05	1.94	1.82	1.81	1.72	1.67	1.57	1.38	1.32
Sales per rupee of plant	–	7.01	8.19	7.34	6.84	8.78	7.74	10.36	8.03	10.39
Capital spending to depreciation	–	–	–	–	0.07	0.93	2.90	1.57	3.17	4.33
Plant being built, % of plant in use	–	46.1%	23.1%	7.8%	24.5%	17.5%	3.8%	1.5%	0.0%	0.0%

Revenue growth, operating profit growth, net profit growth and earnings per share growth are left blank for the year to Mar 2018: between the two periods the company restated its earlier figures and the company began reporting a business as discontinued, so the two are on different bases and the change is not worked out. Interest cover is left blank for the year to Mar 2021: operating profit after depreciation is a loss, and a loss covers no interest bill. From the net margin, from asset turnover and from borrowing are left blank for the years to Mar 2021 and Mar 2022: the profit of this year or the year before includes a business the company has discontinued while its revenue does not, so the change in return on equity is not split into margin, turnover and borrowing. Revenue growth and operating profit growth are left blank for the year to Mar 2021: between the two periods the company began reporting a business as discontinued, so the two are on different bases and the change is not worked out. No balance sheet is on record for the year to Mar 2017, so its lines and the ratios worked from it are blank there.

Growth and returns over 3, 5 and 10 years

Consolidated: the company and its subsidiaries together. Each window ends with the year to Mar 2026.

Return on assets, latest year: 9.8%
Cash from operations against operating profit: 19.8%

Measure	10 years	5 years	3 years
Revenue growth, yearly rate	7.1%	30.4%	28.9%
Profit growth, yearly rate	–	–	29.1%
Return on equity, average	–	17.8%	16.0%
Return on capital employed, average	11.3%	17.5%	14.8%
Operating margin, average	19.8%	21.3%	20.8%
Net margin, average	–	15.5%	15.7%
Asset turnover, average	0.65	0.77	0.72
Cash conversion cycle, days, average	−65,388	−1,15,238	−1,89,743
Interest cover, average	11.9	18.6	23.0
Debt to equity, average	0.12	0.08	0.04

Where the cash came from and went

Consolidated: the company and its subsidiaries together. ₹ crore, added up over each window, which ends with the year to Mar 2026.

₹ crore	5 years	3 years	Latest year
Cash from operations	480	377	56
Cash from investing	−806	−778	−154
Cash from financing	436	509	−39
Capital spending	357	298	170
Dividends paid	58	52	28
Shares bought back	0	0	0
Shares issued for cash	660	660	0
Borrowings raised	–	–	34
Borrowings repaid	61	0	0

Accounting checks

Consolidated, years to March. Published tests of whether reported profit is backed by cash and the balance sheet.

Check	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Piotroski score, out of 9Published threshold 3 points out of 9	–	–	–	–	5	7	7	7	4	3
Altman Z-scorePublished threshold 1.1	–	4.95	4.75	5.10	3.37	7.05	6.62	7.48	9.28	8.22
Beneish M-scorePublished threshold −1.78	–	–	–	–	−4.26	−1.85	−1.78	−1.93	−2.08	−1.99
Profit not backed by cash, % of assetsPublished threshold 10 per cent of average total assets	–	–	–	–	−29.07	−2.29	15.62	16.26	27.04	14.44
Cash from operations to profit, 3 yearsPublished threshold 0.7 times	–	–	–	–	–	–	–	0.83	0.83	0.69
Receivables growth less revenue growthOur threshold 0 percentage points	–	–	28.97	−19.09	−4.94	−0.14	12.89	11.27	−26.99	2.92
Inventory growth less cost-of-goods growthOur threshold 0 percentage points	–	–	183.26	−165.16	89.28	−168.69	538.88	−10.91	−102.88	−42.95
Other current assets growth less revenue growthOur threshold 5 per cent of revenue	–	–	1.89	11.88	−13.94	5.84	12.67	1.87	9.14	14.46
Assets under construction, years of additionsOur threshold 2 years of additions	–	–	0.42	0.12	0.10	0.60	0.07	0.06	0.00	0.00
Effective tax ratePublished threshold 17.16 per cent	14.46	3.68	19.86	7.64	–	20.16	16.71	15.32	16.33	15.89
Tax charged less tax paid, % of profitOur threshold 10 percentage points	–	–	–	–	–	−1.12	−0.18	−2.52	−1.53	−4.53

A threshold marked as ours has no published figure; it is the line we read the check against.

Credit ratings

An agency's view of the chance the company repays a borrowing on time, from AAA, the highest, down to D, in default.

Date	Agency	Borrowing rated	Rating	Outlook	Amount, ₹ Cr
20 Apr 2026	CRISIL Ratings Limited (opens in a new tab)	Bank Facilities	Crisil A1Review, Upgrade		70
20 Apr 2026	CRISIL Ratings Limited (opens in a new tab)	Bank Facilities	Crisil AReview, Upgrade	Stable	152

The latest rating on each borrowing. The agency's name opens its reasoning for the rating.