Airan Ltd.

Financial

	Airan	ABM Knowledgeware	Inspirisys Solutions
Operational Metrics
Financials
5 yr Average ROE	8.64 %	8.02 %	-322.05 %
5yr average Equity Multiplier	1.3	1.21	51.44
5yr Average Asset Turnover Ratio	0.62	0.36	1.68
5yr Avg Net Profit Margin	10.79 %	18.34 %	0.73 %
Price to Book	2.52	1.39	6.63
P/E	19.77	22.74	12.24
5yr Avg Cash Conversion Cycle	87.87 Days	146.99 Days	-138.47 Days
Inventory Days	0.0	0.0	4.55 Days
Days Receivable	87.87 Days	146.99 Days	86.02 Days
Days Payable	449.45 Days	1.31 Days	159.42 Days
5yr Average Interest Coverage Ratio	24.4	60.15	2.16
5yr Avg ROCE	10.32 %	10.55 %	99.46 %
5yr Avg Operating Profit Margin	16.7 %	22.62 %	4.3 %
5 yr average Debt to Equity	0.07	0.0	26.12
5yr CAGR Net Profit	13.27 %	-1.52 %	n/a
5yr Average Return on Assets	6.68 %	6.6 %	0.87 %
Shareholdings
Promoter Holding	72.34 %	66.92 %	69.95 %
Share Pledged by Promoters	0.0	0.0	0.0
Change in Promoter Holding (3 Yrs)	-2.03 %	-0.01 %	0.0
Change in Mutual Fund Holding (3 Yrs)	0.0	0.0	0.0

Business

	Airan	ABM Knowledgeware	Inspirisys Solutions
Product Wise Break-Up	Product Wise Break-Up Software Services 100.0 Training 0 WMS - Warranty Management Services 0 Services 0 SI - System Integration 0	Product Wise Break-Up SI - System Integration 0 Training 0 Services 0 Software Services 100.0 WMS - Warranty Management Services 0	Product Wise Break-Up SI - System Integration 34.6 Training 0 Services 63.9 Software Services 0 WMS - Warranty Management Services 1.5
Location Wise Break-Up	Location Wise Break-Up India 98.43 Rest of the World 0 Others 1.57	Location Wise Break-Up India 100.0 Rest of the World 0	Location Wise Break-Up India 94.63 Rest of the World 5.37