GOLDTECH

AION-TECH SOLUTIONS LIMITED

Software products and IT services company with electric-mobility software integration

Information Technology›Information Technology›IT - Software›Software Products

aiontech.ai(opens the company website in a new tab)
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Key metrics

Price as of 2026-10-16

Stock price
₹40.78
Market cap
213 Cr
Stock P/E
Loss (TTM EPS ₹-1.45)
P/B
0.70
ROE (FY26)
2.6%
ROCE (FY26)
2.3%
Operating margin (FY26)
-6.6%
Debt / equity (FY26)
0.24
OCF / EBITDA (FY26)
-146.6%

Full years shown; sign in free for the trailing twelve months. Learn about these metrics →

Price & valuation

Share price and valuation multiples (P/E, P/B and more) over time.

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Compare with peers

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What you need to know

AION-Tech Solutions (GOLDTECH, formerly Goldstone Technologies) resells software licences and provides IT services from Hyderabad, and through its subsidiaries is building fleet-management software and electric-vehicle mobility operations.

Company snapshot

12thBy market cap

Ranked among 14 companies in Software Products.

Segment mix

Reportable segments as of 2024-12-31 (Consolidated). Revenue share = segment revenue ÷ total revenue.

Largest segment: 81.6% of revenue

SegmentRevenue shareRevenuePBTAssets
Goods Transport
3.6%
2 Cr-4 Cr—
Information Technology / Software services
14.9%
9 Cr3 Cr—
Software License
81.6%
49 Cr0.68 Cr—

What we see

Positives
  • ✓Debt-to-equity of 0.24x — the company is largely funded by its own money, not borrowed funds.
Concerns
  • ✗Net margin is very thin at 0.7% — little room for error if costs rise.
1 more signal from the filings.Sign in free to see them all

Statement tables · Consolidated

Switches quarterly, P&L, balance sheet, and cash flow. Key metrics and ratios stay on consolidated when available.

Amounts in ₹ Cr · tap + to expand rows

Quarterly results

Quarterly · ₹ Cr · tap + rows to expand

MetricSept 2023Dec 2023Mar 2024Jun 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Jun 2026
Sales25 Cr26 Cr23 Cr18 Cr20 Cr22 Cr29 Cr19 Cr33 Cr41 Cr42 Cr27 Cr
Operating expenses (approx.)25 Cr26 Cr24 Cr17 Cr23 Cr22 Cr29 Cr23 Cr30 Cr37 Cr35 Cr26 Cr
EBITDA0.16 Cr0.06 Cr-0.51 Cr0.47 Cr-3 Cr-0.11 Cr0.22 Cr-3 Cr3 Cr3 Cr7 Cr1 Cr
OPM %0.6%0.2%-2.2%2.6%-16.0%-0.5%0.8%-18.1%10.3%8.0%15.6%5.0%
Other income0.25 Cr0.27 Cr0.50 Cr0.31 Cr0.48 Cr0.93 Cr2 Cr0.85 Cr0.60 Cr1 Cr2 Cr1 Cr
Interest0.23 Cr0.33 Cr0.25 Cr0.31 Cr0.39 Cr0.23 Cr0.15 Cr0.81 Cr1 Cr2 Cr3 Cr2 Cr
Depreciation0.34 Cr0.34 Cr0.68 Cr0.60 Cr0.60 Cr0.66 Cr0.50 Cr2 Cr3 Cr4 Cr9 Cr3 Cr
Profit before tax-0.17 Cr-0.34 Cr-0.94 Cr-0.12 Cr12 Cr-0.07 Cr1 Cr8 Cr-0.47 Cr-1 Cr-4 Cr-3 Cr
Tax %-20.4%-168.7%21.3%-166.7%16.5%-567.7%42.6%26.6%-0.8%-51.6%30.0%-0.1%
Net profit-0.20 Cr-0.92 Cr-0.74 Cr-0.33 Cr10 Cr-0.43 Cr0.73 Cr6 Cr-0.48 Cr-2 Cr-3 Cr-3 Cr
EPS (₹)₹-0.06₹-0.27₹-0.21₹-0.10₹2.87₹-0.13₹0.22₹1.34₹-0.09₹-0.34₹-0.52₹-0.50

Profit & loss (annual)

Annual · last column is TTM · ₹ Cr · tap + to expand

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales37 Cr36 Cr42 Cr43 Cr50 Cr61 Cr93 Cr93 Cr89 Cr135 CrSign in free for the trailing twelve months
Operating expenses (approx.)38 Cr35 Cr41 Cr42 Cr50 Cr62 Cr91 Cr93 Cr92 Cr125 CrSign in free for the trailing twelve months
EBITDA-1 Cr0.60 Cr0.57 Cr0.69 Cr0.06 Cr-1 Cr2 Cr-0.16 Cr-3 Cr10 CrSign in free for the trailing twelve months
OPM %-3.4%1.7%1.4%1.6%0.1%-2.2%2.0%-0.2%-3.0%7.2%Sign in free for the trailing twelve months
Other income0.37 Cr0.28 Cr0.25 Cr0.05 Cr0.40 Cr3 Cr1 Cr1 Cr3 Cr5 CrSign in free for the trailing twelve months
Interest0.08 Cr0.32 Cr0.31 Cr0.33 Cr0.24 Cr0.15 Cr0.55 Cr1 Cr1 Cr6 CrSign in free for the trailing twelve months
Depreciation0.40 Cr0.38 Cr0.37 Cr0.33 Cr0.33 Cr0.38 Cr0.82 Cr2 Cr2 Cr19 CrSign in free for the trailing twelve months
Profit before tax-1 Cr0.17 Cr0.14 Cr0.07 Cr-0.11 Cr0.86 Cr2 Cr-2 Cr13 Cr3 CrSign in free for the trailing twelve months
Tax %92.0%-774.1%713.3%280.3%-416.2%41.0%72.0%-32.7%23.7%61.5%Sign in free for the trailing twelve months
Net profit-0.11 Cr2 Cr-0.88 Cr-0.13 Cr-0.57 Cr0.51 Cr0.46 Cr-2 Cr10 Cr1 CrSign in free for the trailing twelve months
EPS (₹)₹-0.06₹0.81₹-0.47₹-0.07₹-0.31₹0.19₹0.13₹-0.63₹2.86₹0.20Sign in free for the trailing twelve months
Dividend payout %—————0.0%0.0%—0.0%0.0%Sign in free for the trailing twelve months
Sign in free for the trailing twelve months

The latest four quarters added up, next to each full year

Balance sheet

Annual · ₹ Cr · tap + rows to expand

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity capital19 Cr19 Cr19 Cr19 Cr19 Cr35 Cr35 Cr35 Cr35 Cr52 Cr
Reserves23 Cr24 Cr25 Cr26 Cr25 Cr33 Cr35 Cr32 Cr61 Cr253 Cr
Borrowings1 Cr2 Cr2 Cr4 Cr—4 Cr6 Cr10 Cr2 Cr73 Cr
Other liabilities18 Cr11 Cr12 Cr14 Cr13 Cr17 Cr22 Cr29 Cr29 Cr62 Cr
Total liabilities61 Cr56 Cr57 Cr63 Cr57 Cr88 Cr97 Cr105 Cr128 Cr447 Cr
Fixed assets (net)10 Cr10 Cr10 Cr10 Cr10 Cr10 Cr10 Cr10 Cr5 Cr50 Cr
CWIP———0 Cr9 Cr0 Cr—2 Cr0 Cr0 Cr
Investments——0 Cr0 Cr0 Cr0 Cr7 Cr7 Cr15 Cr2 Cr
Loans & advances——13 Cr14 Cr14 Cr14 Cr16 Cr15 Cr14 Cr39 Cr
Trade receivables6 Cr8 Cr9 Cr12 Cr10 Cr13 Cr24 Cr22 Cr19 Cr33 Cr
Cash & bank15 Cr6 Cr5 Cr3 Cr2 Cr0.79 Cr0.80 Cr0.53 Cr1 Cr11 Cr
Other assets30 Cr32 Cr20 Cr23 Cr12 Cr50 Cr40 Cr50 Cr73 Cr313 Cr
Total assets61 Cr56 Cr57 Cr63 Cr57 Cr88 Cr97 Cr105 Cr128 Cr447 Cr

Cash flows

Annual · ₹ Cr · tap + rows to expand · last column includes FCF

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from operating activity-4 Cr-9 Cr-0.37 Cr-3 Cr2 Cr8 Cr-11 Cr4 Cr-12 Cr-14 Cr
Cash from investing0.16 Cr-0.03 Cr-0.43 Cr0.05 Cr0.18 Cr-35 Cr4 Cr-8 Cr20 Cr16 Cr
Cash from financing1 Cr0.35 Cr-0.17 Cr1 Cr-4 Cr26 Cr6 Cr4 Cr-7 Cr8 Cr
Net cash flow-2 Cr-9 Cr-0.98 Cr-1 Cr-2 Cr-1 Cr0.01 Cr-0.27 Cr0.67 Cr9 Cr
Free cash flow (OCF − Capex)-4 Cr-9 Cr-1 Cr-3 Cr2 Cr7 Cr-17 Cr-1 Cr-12 Cr-14 Cr

Ratios

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROCE %-3.0%1.1%1.0%0.8%0.3%1.4%2.9%-0.8%14.3%2.3%
ROE %-0.3%3.5%-2.0%-0.3%-1.3%0.8%0.7%-3.3%10.3%2.6%
Debtor days618177100747893867989
Inventory days——00000000
Days payable352311157153455136495449
Cash conversion cycle-292-230-80-53292657372641
OCF / EBITDA %—n.m.n.m.n.m.n.m.—n.m.——-146.6%
OCF / EBITDA % (3 years)———n.m.n.m.—n.m.n.m.—n.m.
Debt / equity0.030.050.050.090.000.060.090.140.020.24
Current ratio6.304.804.373.324.774.253.232.282.771.18
Net debt / EBITDA——-4.920.65-33.19—2.78——6.45