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Aurionpro Solutions Limited

AURIONPRO.NS
52
Software - Application · Technology
Price
₹735.40
-101.25 (-12.10%)
Market Cap
₹40.60B
Exchange
National Stock Exchange of India
Winston Score
52
Winston is curious
Mixed quality — meaningful strengths and weaknesses.
Data as of Jul 28, 2026 · filings through Mar 31, 2026

Share count rising — dilution

+18.0% over 4y

The company has issued more shares over this period, which dilutes each existing shareholder’s stake.

Diluted shares outstanding: 45.6M (2022) → 53.8M (2026)

Aurionpro Solutions Limited is an Indian technology company that builds software for banks, financial institutions, and governments. Its main products include banking platforms, transit ticketing systems, and cybersecurity tools. The company serves customers across banking, public transportation, and smart city projects, making it a mid-sized player in India's growing fintech and govtech software space.

Aurionpro earns money by selling software licenses, implementation services, and ongoing support contracts to its clients. It operates primarily in India but also has a presence in Southeast Asia, the Middle East, and other emerging markets, with a market cap of roughly ₹40 billion. Its competitive edge comes from having specialized, ready-to-deploy software for regulated industries like banking and transit, which are difficult for new competitors to enter quickly. The key growth driver is India's continued push to digitize banking infrastructure and expand urban transit systems, though the company faces risk from larger global software vendors competing for the same government and financial sector contracts.

Winston Score History

Growth Profile

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

+5.7% YoY

YoY Growth Rate

Slow revenue growth

EPS Growth

+22.0% YoY

YoY Growth Rate

Steady EPS growth

R&D Spend

$0/ year

0.0% of revenue

Below sector average (15%)

Research and development spending

Insider Activity

55.1%ownership

Insiders own a meaningful stake in the company

Cash Position

Cash flow positive

$2.9B cash & investments

Quarterly Free Cash Flow

Company generates more cash than it spends — no dilution risk from fundraising

Growth context

Aurionpro Solutions Limited is growing revenue at 6% year-over-year. The Winston Score measures business quality today — these growth metrics show what could matter tomorrow.

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

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Quality

Gross Margin
-17.8%
Thin — -17.8% gross margin
Operating Margin
16.4%
Healthy — 16.4% operating margin
ROCE
3.1%
Weak — 3.1% return on capital

ROIC between 0% and 5%. They earn a few cents back per dollar invested in the business.

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Growth

Sales YoY
+20.3%
Fast-growing sales (20.3% YoY)
EPS YoY
+12.1%
Earnings growing (12.1% YoY)

Healthy double-digit earnings growth — what compounders look like.

EPS Consistency
6/8 quarters
Earnings grew in most of the last 8 quarters

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Cash Flow

Cash Conversion
-42%
Weak — only -42% of profit becomes cash
FCF Margin
-9.0%
Burning cash (-9.0%)

Free cash flow is negative. They are burning cash, not generating it.

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Stability

Debt / Equity
0.03
Conservative — low debt load (0.03)
Interest Cover
23.64x
Comfortably covers interest (23.6x)

Interest coverage above 8. Profits cover interest many times over.

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Valuation

P/E Ratio (TTM)
18.9x
Fair value — P/E 18.9

P/E in the normal range. Price is roughly $15 for every $1 of yearly profit.

P/E vs Forward
+12.8
GROWING
Earnings expected to grow meaningfully — cheaper on forward P/E (18.9 → 6.1)

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Dividends

Dividend Yield
0.68%
Small dividend — 0.68% yield

Modest yield. The bulk of any return needs to come from price appreciation.

Dividend Growth
-36.8%
Dividend cut (-36.8% YoY) — warning sign

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