AURIONPRO
Small CapAurionpro Solutions Limited
Financial Services
Aurionpro Solutions is a global provider of IP-led products, platforms, and services, enabling digital innovation across Banking, Mobility, Payments, and Government sectors. With 28+ years of experience, it serves 400+ clients globally with 3,000+ employees, focusing on Banking & Fintech, Transit Solutions, and Smart City/DC & Hybrid Cloud.
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 supportive, 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 31 Mar 2026
Bad · 27/100margin compression · Rev +6% YoY · PAT +20% YoY · operating leverage
| Metric | This quarter | YoY | QoQ |
|---|---|---|---|
| Revenue | ₹346 Cr | +5.8% | -6.7% |
| EBITDA | ₹67 Cr | +1.5% | -10.7% |
| Operating margin | 19.0% | -100 bps | -100 bps |
| PAT | ₹61 Cr | +19.6% | +38.6% |
| PAT margin | 17.6% | +203 bps | +577 bps |
NDF means not disclosed in the current structured filing feed. It is intentionally not treated as zero.
Where growth can come from, and what can break the case
Aurionpro reported robust FY26 revenue growth of 20% YoY to INR 1,411 Cr, with PAT up 12% YoY to INR 215 Cr. Q4 FY26 revenue grew 6% YoY to INR 346 Cr, but declined 7% QoQ. Q4 PAT grew 21% YoY to INR 62 Cr, up 39% QoQ, despite a one-time charge.
The company delivered strong FY26 performance with significant revenue and PAT growth. While Q4 FY26 saw a sequential revenue dip, PAT improved considerably QoQ. A healthy order book and strategic product launches, coupled with international mandates, suggest continued momentum in its core segments.
Revenue Break-up (Geography-wise) FY26
Latest issuer-disclosed distribution across 4 reported categories.
Transaction Banking Platform Expansion
Successfully went live with its iCashpro cash management platform at Commercial Bank of Ceylon, Sri Lanka, strengthening its international footprint.
AI-native Trade Finance Platform Launch
Launched Fintra, an AI-native trade finance platform that streamlines core processes with agentic AI and human oversight.
Next-Gen Cash Management Mandates
Secured a mandate from Diamond Trust Bank (Kenya) to implement its next-gen cash management platform, expanding its footprint in East Africa.
Transit Solutions Adoption
3 major metro cities (Delhi, Chennai, Mumbai) chose Aurionpro for Automated Fare Collection System.
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.
YoY comparison is crucial for assessing annual growth trends and overall business expansion. QoQ comparison is important to track sequential momentum, especially given the Q4 revenue dip and PAT recovery, and to monitor project execution and seasonal impacts.
Revenue
FY26 Revenue from Operations was INR 1,411 Cr, up 20% YoY. Q4 FY26 Revenue was INR 346 Cr, up 6% YoY but down 7% QoQ.
EBITDA
FY26 EBITDA was INR 282 Cr, up 17% YoY, with a margin of 20%. Q4 FY26 EBITDA was INR 67 Cr, up 1% YoY but down 11% QoQ, with a margin of 19%.
PAT
FY26 PAT was INR 215 Cr, up 12% YoY, with a margin of 15.3%. Q4 FY26 PAT was INR 62 Cr, up 21% YoY and 39% QoQ, with a margin of 18%.
Order Book
FY26 Order Book stood at INR 1,800 Cr+.
Focus on IP-led Products
Management states the company is a global provider of IP-led products, platforms, and services.
Vertical Integration Strategy
Management strives to become a vertically integrated player across the value chain.
Accelerating Digital Innovation
The company aims to be a platform-led provider of Advanced Technology Solutions enabling enterprises to accelerate Digital Innovation.
Expanding International Footprint
Management highlights strengthening its international footprint in transaction banking and expanding in East Africa.
Numbers and claims to verify in the next filings
| Checkpoint | Current evidence | What to verify next |
|---|---|---|
| Revenue Growth | FY26 Revenue up 20% YoY; Q4 FY26 Revenue up 6% YoY, down 7% QoQ. | Sustained YoY growth and recovery in QoQ revenue momentum in subsequent quarters. |
| Order Book | INR 1,800 Cr+ (FY26). | Continued growth in order book to support future revenue visibility and project pipeline. |
| Segment Performance | Banking & Fintech FY26 Revenue INR 751 Cr (53%); TIG FY26 Revenue INR 660 Cr (47%). | Balanced growth across both segments and successful execution of new mandates and product rollouts. |
| Profitability Margins | FY26 EBITDA Margin 20%, PAT Margin 15.3%. | Stability or improvement in margins, especially after the Q4 PAT recovery and potential impacts of new labor code charges. |
Verification checkpoints are IndiaPulse research interpretation, not investment advice.
Trend score and candlestick chart
41NeutralSMA20 -16.5% / mo · near 52W low
Technical chart
AURIONPROweekly · 6M-33.4%Technical trend read
NeutralTrend is undirectional — long-term trend unclear. RSI 39.
- RSI(14) at 39 — falling, no extreme reading.
- MACD above signal but histogram contracting — bullish momentum cooling.
- 35% off 52W high · 7% above 52W low.
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, trust methodology, financials, and peers
Use these sections after reviewing the decision summary, latest result, thesis, management accountability, and technical timing above.
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 38.8%.
- Growth contributes 22/25 to the score.
Main drags
- Quality is weaker at 4/20; verify the latest quarterly trend.
- Valuation is weaker at 10/30; 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: +4 points.
Factor attribution
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 82nd percentile of the scored universe and 93rd percentile within Financial Services. Main check: financial discipline is weak at 58/100.
High 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 · Financial Services: 93rd pctile, median 62 · Small: 85th pctile, median 65
0 documents indexed, 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.
- ▸8/8 recent 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.
Intrinsic value
Fundamentals
Valuation
- P/E
- 18.80
- P/B
- 2.37
- EV/EBITDA
- 12.97
- Market Cap
- 4102.00Cr
Profitability
- ROE
- 13.40%
- ROCE
- 16.30%
- ROA
- 9.08%
- Dividend Y
- 0.54%
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
- 28.20×
- Altman Z
- 6.40
- Book Value
- 314.00
Cash Flow
- FCF Yield
- —
- FCF Positive Y
- 4/5
- OCF
- 56.00 Cr
- EPS TTM
- 37.88
Shareholding
- Promoter Hold
- 26.88%
- Promoter Pledge
- 0.00%
- Momentum 52W
- 2%
Financial History
Updated 9/6/2026
Revenue
₹ CrNet Profit
₹ CrReturn on Equity
%Peers
Business-comparable peers in Financial Services — 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.