# Airfloa Rail Technology share price today (Airfloa Rail Technology Ltd, BSE: 544516)

> Airfloa Rail Technology share price today: ₹459.65 at the BSE close on 3 November 2026, up 19.5% in a year. Airfloa Rail Technology (BSE: 544516) is worth ₹1,103 crore, trades at a P/E of 28.1 and has closed between ₹250.15 and ₹584.20 over the past 52 weeks. > Airfloa Rail Technology Ltd's share price, valuation and earnings point in different directions. The next one or two quarters should make it clearer. 544516 · Railway Equipment · data as of 3 November 2026. Page: https://www.sectoralpha.in/stocks/airfloa-rail-technology-ltd

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## Key numbers

- Price: ₹459.65 (+19.5% in a year)
- P/E: 28.1× (higher than 53% of the last 1 year)
- Revenue (Mar 2026): ₹229 Cr (+114.0% on a year ago)
- Profit (Mar 2026): ₹27.0 Cr (+68.8% on a year ago)
- Operating margin: 18.0% (−6.0 points on a year ago)
- ROCE: 26%, FY26
- ROIC: 15.4%, against a 12.0% cost of capital: +3.4 points
- Profit that came in as cash: −94%, last 2 years

The main question: profits are rising, but only −94% of the last 2 years' profit came in as cash from operations. The gap between reported profit and actual cash is the thing to watch. ## What is the Airfloa Rail Technology share price today? Airfloa Rail Technology Ltd's share price was ₹459.65 at the close on 3 November 2026. It has been rising for 25 weeks. That is 17.2% above its average price over the last 200 trading days. In the last 52 weeks it traded between ₹250 and ₹584, and at that close it sat 63% of the way up from that low. Over the past 13 weeks it has done better than the NIFTY 500, and it has stayed ahead for 14 weeks in a row. Over the last 1 year the share price moved +57% while the NIFTY 500 moved −6%, so it is ahead of the index over that whole period. The chart above shows the 13-week comparison for every week. This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row. ## What are Airfloa Rail Technology's latest quarterly results? For January to March 2026 (the quarter ended 31 March 2026), Airfloa Rail Technology reported revenue of ₹229 crore, up 114.0% from ₹107 crore a year earlier, and a profit of ₹27.0 crore, up 68.8% from ₹16.0 crore. ### Airfloa Rail Technology results: January to March 2026 against a year earlier

| Measure | January to March 2026 | January to March 2025 | Change |
| --- | --- | --- | --- |
| Revenue | ₹229 crore | ₹107 crore | +114.0% |
| Profit | ₹27.0 crore | ₹16.0 crore | +68.8% |
| Earnings per share | ₹11.29 | ₹9.19 | +22.9% |
| Operating margin | 18.0% | 24.0% | −6.0 points |

The next results, for April to June 2026, were due by 14 August 2026: listed companies must publish quarterly results within 45 days of the quarter's end (60 days for the January to March quarter). This page shows them once our weekly data update has read them. (From the company's reported quarterly results (quarter ended 31 March 2026). Revenue and profit in ₹ crore.)

## What is the Airfloa Rail Technology share price history? Airfloa Rail Technology closed at ₹459.65 on 3 November 2026, up 19.5% from ₹384.80 a year earlier (31 October 2025). Its highest weekly close since September 2025 was ₹584.20 on 18 September 2026. ### Airfloa Rail Technology share price: then and now

| When | Close | Change to 3 Nov 2026 |
| --- | --- | --- |
| 1 week ago · 23 Oct 2026 | ₹456.65 | +0.7% |
| 1 month ago · 1 Oct 2026 | ₹522.45 | −12.0% |
| 6 months ago · 30 Apr 2026 | ₹326.90 | +40.6% |
| 1 year ago · 31 Oct 2025 | ₹384.80 | +19.5% |
| Earliest weekly close in our records · 19 Sep 2025 | ₹293.25 | +56.7% |
| Highest weekly close since September 2025, also the 52-week high · 18 Sep 2026 | ₹584.20 | −21.3% |
| Lowest weekly close since September 2025 · 23 Jan 2026 | ₹253.20 | +81.5% |
| 52-week low (weekly close) · 21 Jan 2026 | ₹250.15 | +83.7% |

Weekly closing prices. Each change is the move from that price to the 3 Nov 2026 close. A day's intraday high or low can go beyond these weekly closes. (66 weekly closes from 19 September 2025 to 3 November 2026.)

## What is the latest news on Airfloa Rail Technology? 3 Nov 2026: Airfloa Rail Technology closed at ₹459.65, up 0.7% on the week and down 12.0% on the month. Results for January to March 2026: Revenue up 114.0% and profit up 68.8% on a year earlier. ## What dividend does Airfloa Rail Technology pay? No. Airfloa Rail Technology Ltd paid out 0% of its profit as dividends in each of its last 2 reported years, so there is no payout history to show. That comes from the filed annual statements, not an estimate (as of 3 November 2026). ## Which stock lists is Airfloa Rail Technology on? Airfloa Rail Technology is on one of our India lists: Momentum stocks. [Momentum stocks Market cap cr: 1116.14987510408](https://www.sectoralpha.in/momentum-stocks-india)

## Is Airfloa Rail Technology profitable? Airfloa Rail Technology Ltd earned ₹27.0 Cr of net profit in the Mar 2026 quarter, +68.8% on the same quarter a year earlier. That is the 2nd quarter in a row of profit growth. Full-year FY26 profit was ₹39.0 Cr. Over 1 years profit has grown 50.0% a year on average. That is 11.8% of the quarter's revenue. ## How much revenue does Airfloa Rail Technology make, and is it growing? Airfloa Rail Technology Ltd reported ₹229 Cr of revenue in the Mar 2026 quarter, +114.0% on the same quarter a year earlier. That is the 2nd quarter in a row with growth on the year before. Over 1 years it has grown 66.7% a year on average. The last full year, FY26, came in at ₹320 Cr. Recent pace: the last four quarters grew +60.5% on average, against 66.7% a year over the longer run, so this year is growing slower than its own long-run rate. ## How much of every ₹100 of sales does Airfloa Rail Technology keep? Airfloa Rail Technology Ltd's operating margin was 18.0% in the Mar 2026 quarter, 6.0 percentage points lower than the same quarter a year ago. Across 2 years it has been between 20.0% and 25.0%. Why: the operating margin move is clear, but the cost details behind it are not in our data, so we show the move without guessing the reason. ## Is Airfloa Rail Technology's profit turning into cash? Over the last 2 years Airfloa Rail Technology Ltd's operations used more cash than they brought in, so cash conversion was −94%, a gap worth watching. In FY26 its operations used ₹57.0 Cr of cash, against ₹39.0 Cr of profit. After ₹17.0 Cr of spending on assets, free cash was −₹74.0 Cr: it spent more than its operations brought in. Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year. Why −94% of profit came in as cash: the cash cycle got 27 days longer between FY25 and FY26, so more of each rupee of profit waits in the business before it arrives. When less than 70% of profit comes in as cash, it is the thing to watch on this page. What to look at next: less of the profit turns into cash than it should, and the cash cycle is 27 days longer. The next section looks at where the cash is stuck. ## Where does Airfloa Rail Technology's cash go? Airfloa Rail Technology Ltd's cash cycle, the days between paying suppliers and getting paid by customers, was 264 days in FY26, up from 237 days in FY25. It spent ₹17.0 Cr on assets over the last 1 years. Customers take 244 days to pay, and stock sits for 125 days on average. At FY26 sales of ₹320 Cr, each day of that cycle ties up about ₹0.9 Cr, so roughly ₹231 Cr is tied up in the business at any time. FY26: customers took 244 days to pay and stock sat for 125 days, about 4.1 months of sales sitting as stock, for a full cycle of 264 days, longer than FY25's 237. The full loop: cash goes out to suppliers and production on day 0. Stock sits for 125 days. Customers pay about 244 days after that. Suppliers are paid at 105 days. Together that makes the 264-day cycle. Spending on assets: ₹17.0 Cr over the last 1 years, against ₹3.0 Cr of depreciation (the yearly wear and tear on existing assets). So it is building well beyond replacing what wears out. Work still in progress is ₹2.0 Cr (FY26): assets paid for that are not earning yet. In short: cash is getting stuck in the daily cycle, so watch the cycle more than the profit. ## What is Airfloa Rail Technology's P/E ratio, and how does it compare with its own history? Airfloa Rail Technology Ltd's P/E is 28.1×, in the middle of its own history: higher than 53% of past readings. Its usual P/E (the middle reading) is 27.9×, over 1 year of weekly prices. This compares the share price with the company’s own past. It does not say what the business is worth. Why the multiple is where it is: over the past year earnings per share moved +11.6% while the price moved +19.5%. The price did better than earnings, which pushed the multiple up within its own range. In short: the multiple is about average against its own past, so the earnings trend underneath matters more than the multiple. ## Is the Airfloa Rail Technology business getting better or worse? Airfloa Rail Technology Ltd's business trend cannot be read yet. There are fewer than eight usable quarters of growth figures, so there is not enough history to read the trend. Why it matters: with too little history, we say so rather than guess a direction. One or more growth lines have an extreme jump caused by comparing with a near-zero or loss-making quarter. Those jumps are capped before reading and drawn at the edge of the chart, so one odd quarter does not decide the result. The return figures here are yearly, not quarterly. They show level and direction only; they can support the growth lines but never decide the reading alone. There are fewer than eight usable quarters, so this page does not guess a direction from so little history. ## How much does Airfloa Rail Technology earn on its capital? Airfloa Rail Technology Ltd earned a ROCE of 26% in FY26. Its return on capital used (ROIC) is 3.4 percentage points above its cost of capital, so growth here adds value, not just size. It comes from a 12.2% net margin and 0.79× asset turnover (sales divided by assets). Why the return is what it is (FY26): a 12.2% net margin × 0.79× asset turnover × 1.69× leverage (assets divided by equity) ≈ 16.3% on equity. The margin does its share; borrowing is a big part of it. The key test, return on capital used minus the cost of capital: 15.4% − 12.0% = +3.4 percentage points. The 12.0% is a standard assumption for the cost of capital in India, not an estimate for this company. Read the sign and size of the gap, not the decimals. Positive but thin: it creates value with little room for error. ## Does Airfloa Rail Technology have too much debt? Airfloa Rail Technology Ltd had ₹68.0 Cr of borrowings against ₹239 Cr of equity in FY26, so its debt is 0.28× its equity. Its operating profit is 7 times its interest bill. Over 1 years borrowings went from ₹60.0 Cr to ₹68.0 Cr. Over the last 1 of those years it spent ₹17.0 Cr on assets. Part of the spending on assets is being paid for with borrowed money. ## What is the Airfloa Rail Technology shareholding pattern? No group of Airfloa Rail Technology Ltd's owners changed its stake by a full percentage point over the last 3 quarters. This uses the four owner groups that companies report every quarter; nothing is guessed between filings. ## How far is Airfloa Rail Technology from balance-sheet trouble? For Airfloa Rail Technology Ltd, the Z-score is not available, so we say so rather than guess one. It estimates how far the balance sheet is from trouble; it is not a forecast of failure. The debt, cash-flow and return sections show the balance-sheet figures we do have, each with its own date. ## How does Airfloa Rail Technology rank in its industry? 59.2 out of 100, rank 1 of 1 in Railway Equipment, with 43% of the evidence available. It is provisional, so it is ranked below companies with full evidence. Airfloa Rail Technology Ltd scores 59.2 out of 100 against the 1 companies it is compared with in Railway Equipment, ranking 1. Some evidence is missing, so the score is pulled toward the middle on purpose. The four parts add up to the total exactly: 16.6 + 20.1 + 10 + 12.5 = 59.2. This is the same number shown on the industry page; it is worked out once for the whole group and read here. What would change it: The score would fall if profit growth turns negative or margins stop improving while the share price lags its sector. ## Which companies is Airfloa Rail Technology compared with? Airfloa Rail Technology ranks 1 of 1 Railway Equipment companies on the 4-Factor Sector Score, with 59.2 out of 100. 1. Airfloa Rail Technology Ltd this page breaking out · Too little evidence to rank firmly · 43% evidence 59.2 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 16.6/35 · Revenue n/a · Profit n/a · Operating margin change -6 points · 14% evidence Capital efficiency 20.1/25 · ROCE 25.6% · Operating margin 18% · 95% evidence Valuation 10.0/20 · P/E 29.4× · PEG n/a · 0% evidence Relative strength 12.5/20 · Lead over its industry 0% · Lead over NIFTY 500 40.2% · 1 year 24.8% · 70% evidence · 11 of 12 weeks ahead Exact sum: 16.6 + 20.1 + 10 + 12.5 = 59.2 · What this means: Some evidence is missing, so the score is pulled toward the middle on purpose. Missing figures are not scored as bad. They lower the confidence and pull the final score toward the middle. Relative strength counts only when the company has a reading for this week; with no reading, that factor is left out and its 20 points are shared across the other three in proportion. PEG is not shown when the ratio cannot mean anything: the company must be making a profit, its price-to-earnings must be positive, and its three-year earnings growth must fall between 5% and 60%. Dividing a price multiple by a loss, or by growth measured off a tiny base, produces a number that looks precise and tells you nothing. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led NIFTY 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step path the industry is placed on (basing, turning, breaking out, leader, fading, asleep), read from how many weeks running it has led NIFTY 500 and whether that lead is growing or shrinking. It describes where the share price stands, not the direction of earnings, and it is not a recommendation; it is left blank for a company whose weekly history is too short or too stale to read. The figures in this ranking come from the industry comparison: results through the Mar 2026 quarter, and the P/E at that quarter's end. The sections above use the latest weekly price, so a P/E or return there can differ a little from the one here. The stage words in this ranking (such as losing its lead or breaking out) describe the lead over the index, not the price phase in the price section. Related companies: [Railway Equipment](https://www.sectoralpha.in/sectors/railway-equipment), all 1 compared on one page. ## Which companies are close to Airfloa Rail Technology in size? Airfloa Rail Technology is the only Railway Equipment company on Sector Alpha (scores of 30 October 2026), so the companies closest to it in market value across all industries are listed: Kopran, Nelcast, Emkay Tools and Genesys International Corporation. ### Companies close in size in other industries

1. [Kopran Ltd](https://www.sectoralpha.in/stocks/kopran-ltd) ₹1,155 crore · Pharma - API
2. [Nelcast Ltd](https://www.sectoralpha.in/stocks/nelcast-ltd) ₹1,153 crore · Castings, Forgings & Fastners
3. Airfloa Rail Technology Ltd ₹1,152 crore
4. [Emkay Tools Ltd](https://www.sectoralpha.in/stocks/emkay-tools-ltd) ₹1,152 crore · Machine Tools - Others
5. [Genesys International Corporation Ltd](https://www.sectoralpha.in/stocks/genesys-international-corporation-ltd) ₹1,144 crore · Geospatial

## What else do people ask about Airfloa Rail Technology? ### What is Airfloa Rail Technology's share price today? Airfloa Rail Technology Ltd's share price is ₹459.65, +19.5% over the past year. The whole company is worth ₹1,103 Cr on the market. In the last 52 weeks it traded between ₹250 to ₹584; today it is 63% of the way up from the low, 17.2% above its 200-day average (as of 3 November 2026). ### What were Airfloa Rail Technology's latest quarterly results? Airfloa Rail Technology Ltd reported revenue of ₹229 Cr and net profit of ₹27.0 Cr for the Mar 2026 quarter. Revenue rose 114.0% and profit rose 68.8% compared with a year earlier. Earnings per share were ₹11.29. The operating margin was 18.0%, 6.0 percentage points lower than a year earlier (as of 3 November 2026). ### What is Airfloa Rail Technology's market cap? Airfloa Rail Technology Ltd's market capitalisation is ₹1,103 Cr at a share price of ₹459.65. Market cap is the share price times the number of shares, so it changes whenever the price moves (as of 3 November 2026). ### How is Airfloa Rail Technology performing? Airfloa Rail Technology Ltd's share price has been rising for 25 weeks. In its latest quarter, revenue rose 114.0% and profit rose 68.8% compared with a year earlier. Over the past 13 weeks it has done better than the NIFTY 500, for 14 weeks running (as of 3 November 2026). ### Will Airfloa Rail Technology's share price go up? This page does not forecast Airfloa Rail Technology Ltd's share price. What it shows instead: the share price is ₹459.65, and it has been rising for 25 weeks. Its P/E of 28.1× is higher than 53% of its own last 1 years (as of 3 November 2026). ### Who owns Airfloa Rail Technology? Promoters own 54.2% of Airfloa Rail Technology Ltd, foreign institutions 0.0%, domestic institutions 1.3% and the public 44.5% (latest quarter). No group of owners changed its stake by a full point over the last two years (as of 3 November 2026). ### Where is Airfloa Rail Technology in its business cycle? Airfloa Rail Technology Ltd's FY26 operating margin was 20.0%, against a 2-year range of 20.0% to 25.0%: the low end of its own range, which is often where recoveries start. The latest quarter was 18.0%. Comparing margins with a company's own long history is a good way to see where it is in its cycle (as of 3 November 2026). ### What could break the Airfloa Rail Technology story? The main question: profits are rising, but only −94% of the last 2 years' profit came in as cash from operations. The gap between reported profit and actual cash is the thing to watch. On price, this page treats a rise as over when the share price closes below its 200-day average on two Fridays in a row (as of 3 November 2026). ### Is Airfloa Rail Technology a stock worth studying right now? What the numbers show: Airfloa Rail Technology Ltd's share price, valuation and earnings point in different directions. The next one or two quarters should make it clearer. The main open question: whether the cash starts to follow the profit. Every number on this page is worked out by code from the published figures, with no forecasts and no price opinions (as of 3 November 2026). ## Lists

- Momentum stocks: https://www.sectoralpha.in/momentum-stocks-india

This is research, not advice. We’re not SEBI-registered.