Aurionpro Solutions Limited

ASL has a qualified promoter and management team with a significant track-record in the IT and banking industry. The Managing Director of the company Mr. Paresh Zaveri holds a degree in engineering and MBA in finance. He has more than two decades of experience in corporate finance, supply chain, general management, and strategic planning. The Co-Chairman Mr. Amit Sheth, also an engineering graduate and Postgraduate in finance, has more than two decades of experience in corporate finance,

In FY24 the revenue increased by ~35% to Rs 887.47 crores owing to ASL’s market position in the BFSI software segment, marked by diverse product portfolio providing solutions across lending, corporate banking, treasury, fraud prevention risk management, internet banking, payments and forex. Comfortable and improved capital structure and coverage indicators The overall gearing ratio of the company improved to 0.14x in FY24 vis-à-vis 0.22x in FY23. PBILDT interest coverage ratio of the

The overall gearing ratio of the company improved to 0.14x in FY24 vis-à-vis 0.22x in FY23. PBILDT interest coverage ratio of the company was 15.17x in FY24 (PY: 13.47).

IT sector is a manpower-intensive business model. The employee costs constituted nearly 30-35% of total revenue of the company. Hence, it remains exposed to industry wide risks of high attrition rates due to numerous growth opportunities available in the domestic market, wage inflation, etc. which can also put pressure on the margins. Hence, the ability of the Company to hire and retain talent coupled with its ability to manage their cost via efficient utilization rate remains critical.

ASL is a relatively moderate-scale player in the IT services industry which is dominated by large multinationals with deep pockets. The industry faces intense competition due to low entry barriers. The IT industry also faces challenge from rapid technological changes, which may lead to obsolescence of certain software/services. The players in this industry is also exposed to macro- economic factors like adverse changes in U.S. laws, including those relating to outsourcing and immigration. In cas

The company has long collection period, it offers credit period of 60-90 days to its client both in India and Rest of the World. Collection period remained stretched at 99 days in FY24 as compared to 92 days in FY23. The credit risk profile of ASL thus remains sensitive to- the management of its working capital, including timely realisation of receivables from government entities and PSUs.