Aurionpro Solutions Limited (AURIONPRO)
Small CapIT stocks · Small cap · NSE
Aurionpro Solutions is an Indian technology company focused on AI-native software, data center services, and transit & smart mobility solutions. It serves financial institutions, public sector, and enterprise clients globally, emphasizing IP-led outcomes over service hours, with a strategic pivot towards becoming a global product and platform leader by 2030.
One read, four checks
75+ is strong, 60-74 is usable, 45-59 is mixed, and below 45 needs caution. These are research lenses, not buy/sell instructions.
Mixed fundamentals, management trust is acceptable, price trend argues for patience, and recent execution is consistent.
Fundamental lens: valuation, quality, growth, balance sheet, and cash flow.
low confidence · 0/0 claims checked
Timing lens: price trend and sector relative strength.
Rolling lens: recent quarterly delivery, not the latest single-result score.
Quarter ended 30 Jun 2026
Bad · 0/100PAT -12% YoY · margin compression · Rev +6% YoY
| Metric | This quarter | YoY | QoQ |
|---|---|---|---|
| Revenue | ₹358 Cr | +6.2% | +3.5% |
| EBITDA | ₹61 Cr | -10.3% | -9.0% |
| Operating margin | 17.0% | -300 bps | -200 bps |
| PAT | ₹45 Cr | -11.8% | -26.2% |
| PAT margin | 12.6% | -256 bps | -506 bps |
NDF means not disclosed in the current structured filing feed. It is intentionally not treated as zero.
Business & thesis
Growth engines, tailwinds/headwinds, and risk radar from management commentary
Business & thesis
Growth engines, tailwinds/headwinds, and risk radar from management commentary
Where growth can come from, and what can break the case
FY26 Revenue grew 20.3% YoY to INR 1,411 Cr, with EBITDA at INR 282 Cr (20.0% margin). Order book of INR 1,800 Cr provides ~30% forward visibility for FY27, indicating continued momentum from its strategic pivot.
Aurionpro is executing its 'Vision 2030' pivot, shifting from a diverse player to a global product/platform leader. FY26 results show strong revenue and EBITDA growth, supported by a robust order book and strategic investments in R&D and M&A. The focus on AI-native solutions in banking, transit, and data centers positions it for future growth, though competition in these evolving markets remains a key watch.
AI-Native Banking Software
Developing agentic lending, payments & transaction banking solutions (Fintra, AurionCredit, iCashpro, Integro) for a $460B global banking software market by 2030.
Transit & Smart Mobility
Capturing the shift to open-loop EMV and account-based ticketing in a $50B global transit fare systems TAM by 2034, with 22+ projects delivered.
Data Centre Solutions
Providing DC design, engineering, and hyperscale builds, driven by the AI compute super cycle and India's growing DC capacity (1GW to 8GW by 2030).
Enterprise AI
Leveraging Arya.ai (applied AI engine) and Lexsi.ai (AI engineering/governance) to address a $3.7T Enterprise AI TAM, with 100+ institutions live.
Employees
Increased from 2,700 in FY25 to 3,000 in FY26.
Data Center IT Load
200 MW+ IT load currently in build; 100 MW+ delivered in the last 3 years.
Indian Metro Network
India's metro network is expanding to 27 cities with 1,000+ km under construction by 2030.
AI Supercycle
The AI supercycle is expected to drive $400B+ annual AI infrastructure spend by 2027, creating a replacement wave for legacy systems.
Data Center Expansion
Global AI data center capex is projected at $5.2T cumulatively to 2030, with India's live DC capacity expected to grow from 1GW to 8GW by 2030.
Transit Modernization
The Automated Fare Collection market is projected to grow from $15.9B to $50.5B by 2034, driven by open-loop EMV and account-based ticketing.
Banking Software 2.0
Global banking software spend is expected to increase from $115B to $460B by 2030 due to AI-native expansion and re-platforming.
Technological Implementation
Forward-looking statements are subject to risks related to technological implementation, changes, and advancements.
Competition
The company operates in competitive markets, which could impact future performance.
Market Preferences
Changes in the company's market preferences could affect its business prospects.
Global Economic Performance
Performance is subject to risks from the Indian economy and various international markets.
Management accountability
What management said, and what results must prove
Management accountability
What management said, and what results must prove
What management said, and what results must prove
Issuer guidance and extracted claims are tracked against later reported outcomes. Treat these as management statements, not IndiaPulse forecasts.
The document provides a five-year trajectory (FY22-FY26) for key financial metrics, making year-over-year comparison most relevant to assess growth trends and the impact of the strategic pivot. Quarterly data is not provided.
Revenue
INR 1,411 Cr in FY26, +20.3% YoY (FY25 base 1,173 Cr).
EBITDA
INR 282 Cr in FY26, with a 20.0% margin (FY25 base 262 Cr).
Order Book
INR 1,800 Cr in FY26, +29% YoY (FY25 base 1,400 Cr), providing ~30% forward visibility into FY27.
Customers
Grew from 350 in FY25 to 400 in FY26.
Vision 2030
Management aims to transform Aurionpro into a scaled global contender in chosen segments by 2030, focusing on IP, platforms, and market expansion.
Strategic Architecture
The operating engine (ROIC > 20%) generates free cash flow, which funds the investing engine (M&A & R&D, ROI > 30%) to create new P&Ls and revenue.
Long-Range Goals
Management targets 25-30% revenue growth, 20%+ EBITDA margin, and 65-75% cash conversion.
Economic Moat
A strong installed base (75% of FY27+ revenue already in base) creates high retention, expansion, and cross-sell opportunities, compounding revenue.
Numbers and claims to verify in the next filings
| Checkpoint | Current evidence | What to verify next |
|---|---|---|
| Order Book Growth | INR 1,800 Cr (FY26), +29% YoY. | Continued growth in order book to provide strong revenue visibility for future years, especially for FY27. |
| EBITDA Margin | 20.0% (FY26). | Sustained or improved margins as the company scales its IP-led model and expands into new markets. |
| New Logos/Customer Additions | 400 customers (FY26). | Continued strong new logo additions, particularly in the targeted AI-native banking, transit, and data center segments. |
| Product Investment (R&D + M&A) | INR 1,000 Cr+ cumulative since pivot. | Continued disciplined capital allocation towards strategic M&A and in-house R&D to build world-class IP and platforms. |
Verification checkpoints are IndiaPulse research interpretation, not investment advice.
Trend score and candlestick chart
37Bearishfull bear SMA stack · SMA20 -11.0% / mo · MACD + · near 52W low
Technical chart
AURIONPROdaily · 1Y · AUTO-20.8%Daily technical trend read
Bearish setupTrend is weak — long-term trend down. RSI 37.
- Price < SMA20 < SMA50 < SMA200 — full bearish stack.
- SMA20 falling (~12.3% over last month) — short-term momentum negative.
- RSI(14) at 37 — falling, no extreme reading.
- MACD above signal but histogram contracting — bullish momentum cooling.
- Within 5% of 52-week low — testing support.
Mechanical read from the price + indicator series above. Not a recommendation — technical setups can reverse without warning, especially around earnings and macro events.
Valuation & score drivers
U-Score 55 · FAIR VALUE · pillar breakdown, sector model, fair-value anchor
Valuation & score drivers
U-Score 55 · FAIR VALUE · pillar breakdown, sector model, fair-value anchor
Fundamental score breakdown
FAIR VALUEWhy this score?
Top U-Score contributors and drags from the latest stored fundamentals.
Positive drivers
- Piotroski is strong at 8/9.
- Fair-value margin of safety is positive at 44.8%.
- Growth contributes 21/25 to the score.
Main drags
- Quality is weaker at 4/20; verify the latest quarterly trend.
- Valuation is weaker at 11/30; verify the latest quarterly trend.
- Cash flow is weaker at 4/10; verify the latest quarterly trend.
Bank valuation: P/B adjusted for ROE and asset quality
Banks are balance-sheet businesses, so book value quality matters more than simple earnings multiples.
Stored run vs live recompute
This shows the stored score trend when snapshots exist, and also compares the latest stored nightly score with a live recompute from current fundamentals and price.
Score history
12 stored score snapshots. Latest stored move: +0 points.
Factor attribution
Modelled fair value
Trust score
Does management behaviour match later outcomes? Claim delivery, forensic breakdown, evidence depth
Trust score
Does management behaviour match later outcomes? Claim delivery, forensic breakdown, evidence depth
Trust asks: does management behaviour match later outcomes? Higher is better, but confidence and evidence depth matter as much as the number.
Healthy Trust: Claim history is still being built. It ranks around the 75th percentile of the scored universe and 73rd percentile within IT. Main check: financial discipline is weak at 58/100.
Healthy Trust Lite: Promoter pledge is zero. Key concern: ROCE trend is -2.4%.
Generally investable credibility. Look for weak sub-scores before increasing position size.
overall median 67 · IT: 73rd pctile, median 69 · Small: 77th pctile, median 66
121 documents have extracted text, but claim history is not strong enough yet.
0 claims extracted · No contradicted claim yet
How to read this Trust Score
Healthy Trust · low confidenceRead Trust alongside U-Score, result consistency, and technical trend. A cheap stock with weak Trust needs a larger margin of safety; a high Trust score does not make an expensive stock attractive by itself.
Forensic breakdown
Read low sub-scores as due-diligence warnings, not automatic sell signals.
Trust positives
- ▸Promoter pledge is zero.
- ▸4 years of positive FCF.
- ▸Debt/equity is 0.04.
- ▸4/4 latest quarters had positive YoY revenue growth.
Trust risks
- ▸ROCE trend is -2.4%.
Trust Lite uses financial behaviour only. Prefer claim-tested Trust when enough concall claims have later outcomes.
Financials
Full fundamentals table and 10-year revenue / profit / ROE history
Financials
Full fundamentals table and 10-year revenue / profit / ROE history
Fundamentals
Valuation
- P/E
- 18.20
- P/B
- 2.20
- EV/EBITDA
- 12.18
- Market Cap
- 3811.00Cr
Profitability
- ROE
- 13.40%
- ROCE
- 16.30%
- ROA
- 8.82%
- Dividend Y
- 0.29%
Growth (CAGR)
- Revenue 5Y
- 30.00%
- EPS 5Y
- 34.00%
- Revenue 3Y
- 29.00%
- EPS 3Y
- 31.00%
Balance Sheet
- Debt/Equity
- 0.04
- Interest Coverage
- 21.23×
- Altman Z
- 6.11
- Book Value
- 314.00
Cash Flow
- FCF Yield
- —
- FCF Positive Y
- 4/5
- OCF
- 56.00 Cr
- EPS TTM
- 36.90
Shareholding
- Promoter Hold
- 26.86%
- Promoter Pledge
- 0.00%
- Momentum 52W
- 2%
Financial History
Updated 5/9/2026
Revenue
₹ CrNet Profit
₹ CrReturn on Equity
%Peers
Business-comparable names in IT, ranked by similarity
Peers
Business-comparable names in IT, ranked by similarity
Peers
Business-comparable peers in IT — ranked by industry, sub-sector, theme-tag overlap, market cap, and U-Score similarity. Green cells mark the best available peer metric in this table.