Quick Ratios
Quarterly Results
Profit & Loss
Balance Sheet
Cash Flow
Ratios
Mkt Cap
Market Capitalization
₹207Cr
Rev Gr TTM
Revenue Growth TTM
46.56%
Peer Comparison
Compare up to 10 companies side by side across valuation, profitability, and growth.

GOLDTECH
VS
| Quarter | Mar 2023 | Jun 2023 | Sep 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Mar 2025 | Jun 2025 | Sep 2025 |
|---|
|
Growth YoY Revenue Growth YoY% | 61.6 | 41.2 | -3.2 | -4.3 | -12.0 | -5.4 | -19.1 | -15.9 | 24.0 | 8.1 | 65.8 | 83.6 |
| 27 | 19 | 25 | 26 | 24 | 17 | 23 | 22 | 29 | 23 | 30 | 37 |
Operating Profit Operating ProfitCr |
| -0.8 | 0.6 | 0.6 | 0.2 | -2.1 | 2.6 | -16.1 | -0.5 | 0.8 | -18.1 | 10.2 | 8.0 |
Other Income Other IncomeCr | 0 | 0 | 0 | 0 | 1 | 0 | 16 | 1 | 2 | 15 | 1 | 1 |
Interest Expense Interest ExpenseCr | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 2 |
Depreciation DepreciationCr | 0 | 0 | 0 | 0 | 1 | 1 | 1 | 1 | 1 | 2 | 3 | 4 |
| -1 | 0 | 0 | 0 | -1 | 0 | 12 | 0 | 1 | 8 | 0 | -1 |
| 0 | 0 | 0 | 1 | 0 | 0 | 2 | 0 | 1 | 2 | 0 | 1 |
|
Growth YoY PAT Growth YoY% | 10.0 | -390.9 | -136.4 | -280.4 | -2.8 | -3.1 | 5,065.0 | 53.3 | 198.7 | 1,900.0 | -104.8 | -309.3 |
| -2.7 | -1.7 | -0.8 | -3.5 | -3.2 | -1.9 | 49.2 | -1.9 | 2.5 | 30.9 | -1.4 | -4.3 |
| -0.2 | -0.1 | -0.1 | -0.3 | -0.2 | -0.1 | 2.9 | -0.1 | 0.2 | 1.3 | -0.1 | -0.3 |
| Financial Year | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM |
|---|
|
| -5.3 | -25.4 | -28.5 | -4.2 | 16.7 | 2.9 | 16.9 | 21.8 | 52.6 | 0.3 | -4.7 | 37.4 |
| 64 | 52 | 38 | 35 | 41 | 42 | 50 | 62 | 91 | 93 | 92 | 119 |
Operating Profit Operating ProfitCr |
| 7.8 | -0.7 | -3.4 | 1.7 | 1.4 | 1.6 | 0.1 | -2.2 | 2.0 | -0.2 | -3.0 | 2.8 |
Other Income Other IncomeCr | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 3 | 1 | 1 | 19 | 18 |
Interest Expense Interest ExpenseCr | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 1 | 4 |
Depreciation DepreciationCr | 5 | 5 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 2 | 2 | 10 |
| 2 | -5 | -1 | 0 | 0 | 0 | 0 | 1 | 2 | -2 | 13 | 8 |
| 4 | -4 | -1 | -1 | 1 | 0 | 0 | 0 | 1 | 1 | 3 | 3 |
|
| -238.9 | 56.2 | 90.8 | 1,482.7 | -157.7 | 85.4 | -347.7 | 188.7 | -10.2 | -578.3 | 554.0 | -55.3 |
| -3.9 | -2.3 | -0.3 | 4.3 | -2.1 | -0.3 | -1.1 | 0.8 | 0.5 | -2.3 | 11.1 | 3.6 |
| -1.4 | -0.6 | -0.1 | 0.8 | -0.5 | -0.1 | -0.3 | 0.2 | 0.1 | -0.6 | 2.9 | 1.1 |
| Financial Year | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 |
|---|
Equity Capital Equity CapitalCr | 19 | 19 | 19 | 19 | 19 | 19 | 19 | 35 | 35 | 35 | 35 | 52 |
| 50 | 49 | 23 | 24 | 25 | 26 | 25 | 33 | 35 | 32 | 61 | 246 |
Current Liabilities Current LiabilitiesCr | 26 | 22 | 6 | 7 | 8 | 13 | 8 | 16 | 20 | 29 | 25 | 89 |
Non Current Liabilities Non Current LiabilitiesCr | 4 | 1 | 13 | 6 | 5 | 5 | 5 | 4 | 8 | 9 | 7 | 39 |
Total Liabilities Total LiabilitiesCr |
Current Assets Current AssetsCr | 35 | 28 | 40 | 34 | 36 | 42 | 36 | 68 | 64 | 66 | 70 | 92 |
Non Current Assets Non Current AssetsCr | 64 | 62 | 21 | 22 | 21 | 20 | 20 | 20 | 33 | 40 | 58 | 335 |
Total Assets Total AssetsCr |
| Financial Year | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|
Operating Cash Flow Operating Cash FlowCr | 9 | 2 | -4 | -9 | 0 | -3 | 2 | 8 | -11 | 4 | -12 |
Investing Cash Flow Investing Cash FlowCr | 1 | 0 | 0 | 0 | 0 | 0 | 0 | -35 | 4 | -8 | 20 |
Financing Cash Flow Financing Cash FlowCr | -3 | -2 | 1 | 0 | 0 | 1 | -4 | 26 | 6 | 4 | -7 |
|
Free Cash Flow Free Cash FlowCr | 9 | 2 | -4 | -9 | -1 | -3 | 2 | 7 | -17 | -1 | 5 |
| -319.8 | -190.6 | 3,287.3 | -600.4 | 42.2 | 2,322.7 | -423.7 | 1,507.9 | -2,325.9 | -166.3 | -124.1 |
CFO To EBITDA CFO To EBITDA% | 159.5 | -611.3 | 286.1 | -1,527.1 | -64.9 | -432.8 | 4,186.2 | -570.4 | -569.9 | -2,211.6 | 463.1 |
| Financial Year | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|
Valuation Ratios Valuation Ratios |
Market Cap Market CapitalizationCr | 10 | 9 | 22 | 24 | 24 | 14 | 16 | 269 | 158 | 445 | 181 |
Price To Earnings Price To Earnings | 0.0 | 0.0 | 0.0 | 15.8 | 0.0 | 0.0 | 0.0 | 519.0 | 351.5 | 0.0 | 18.3 |
Price To Sales Price To Sales | 0.1 | 0.2 | 0.6 | 0.7 | 0.6 | 0.3 | 0.3 | 4.4 | 1.7 | 4.8 | 2.0 |
Price To Book Price To Book | 0.1 | 0.1 | 0.5 | 0.6 | 0.6 | 0.3 | 0.4 | 4.0 | 2.3 | 6.6 | 1.9 |
| 1.0 | -10.0 | -6.3 | 33.0 | 37.0 | 20.3 | 246.8 | -178.9 | 81.8 | -2,681.9 | -59.8 |
Profitability Ratios Profitability Ratios |
| 94.8 | 90.9 | 90.2 | 100.0 | 100.0 | 100.0 | 100.0 | 100.0 | 100.0 | 100.0 | 100.0 |
| 7.8 | -0.7 | -3.4 | 1.7 | 1.4 | 1.6 | 0.1 | -2.2 | 2.0 | -0.2 | -3.0 |
| -3.9 | -2.3 | -0.3 | 4.3 | -2.1 | -0.3 | -1.1 | 0.8 | 0.5 | -2.3 | 11.1 |
| 2.0 | -6.0 | -3.0 | 1.1 | 1.0 | 0.8 | 0.3 | 1.4 | 2.7 | -0.8 | 13.7 |
| -4.0 | -1.8 | -0.3 | 3.5 | -2.0 | -0.3 | -1.3 | 0.8 | 0.7 | -3.3 | 10.3 |
| -2.8 | -1.3 | -0.2 | 2.7 | -1.5 | -0.2 | -1.0 | 0.6 | 0.5 | -2.1 | 7.8 |
Operational Ratios Operational Ratios |
Solvency Ratios Solvency Ratios |
Liquidity Ratios Liquidity Ratios |
### **Overview**
Aion-Tech Solutions Ltd. (formerly **Goldstone Technologies Limited**, GTL), founded in 1994 and listed on the NSE and BSE, is a full-stack data analytics and sustainable technology company undergoing a strategic transformation into a **product-led, AI-driven innovator in zero-emission mobility and digital logistics solutions**. With core expertise in **business intelligence (BI), data analytics, AI, and cloud infrastructure**, Aion-Tech has evolved from an IT services provider into a developer of proprietary green technology platforms.
The company rebranded to Aion-Tech Solutions in 2025, reflecting its pivot toward **sustainable, tech-enabled mobility and logistics ecosystems**, particularly in electric and hydrogen-powered transportation.
---
### **Strategic Focus & Product Portfolio**
#### **1. ROQIT: AI-Powered SaaS Platform for Zero-Emission Fleets**
- **ROQIT Greenfleet Digital Solutions Pvt. Ltd.**, a wholly owned subsidiary launched in December 2024, operates the **ROQIT platform**, a **cloud-native, OEM-agnostic, AI-driven SaaS solution** for intelligent fleet management.
- **Key Features**:
- Real-time tracking, predictive maintenance, driver management
- EV-specific analytics (battery health, state of charge)
- Carbon accounting and GHG tracking
- ERP integration, usage-based billing
- Predictive scheduling and digital payments
- The platform enables enterprises to achieve **25–40% operational efficiency gains** while reducing carbon emissions and meeting environmental compliance standards.
#### **2. Strategic Joint Venture with Quantron AG (Germany)**
- Formed on **November 10, 2023**, this JV aims to build a **global AI-powered digital transaction platform** for zero-emission fleets in electric and hydrogen mobility.
- **Headquartered** in Augsburg, Germany and Hyderabad, India, with plans for a U.S. entity.
- **Key Offerings**:
- Mobility-as-a-Service (MaaS)
- Fleet Management
- Insurance-as-a-Service (in partnership with Roadzen Inc.)
- Roadside Assistance
- Hydrogen Economy & GHG Quota Management
- Targets a **$70–71 billion global fleet management and data insights market by 2032**.
- JV has committed over **€20 million (INR ~170 crore)** in investment over 3 years.
#### **3. Logistics Platform with Indian Railways – Digitizing Parcel Delivery**
- ROQIT has co-developed a **digital logistics platform** in collaboration with **Indian Railways**, aiming to **leverage underutilized rail freight capacity** (currently <1% used for parcels vs. high usage in Europe/US) for lightweight and medium-weight parcel delivery.
- **Platform Capabilities**:
- Full **first- and last-mile connectivity** via electric fleets
- End-to-end **real-time tracking**, paperless transactions, instant booking
- Open **marketplace model** allowing customers to choose partners based on cost, speed, and sustainability
- Designed to create a **low-cost, low-emission, tech-driven** national parcel logistics network.
#### **4. ETO Motors: Electric Mobility & Energy as a Service**
- A wholly owned subsidiary and India’s leading **Electric Mobility as a Service (eMaaS)** and **Energy as a Service (EaaS)** provider.
- Operates a **zero-emission last-mile delivery fleet**, piloting EV-based parcel pickup and delivery in collaboration with Indian Railways.
- Focuses on serving **e-commerce giants**, with a scalable and high-margin model.
- Positioned as an **early adopter and client** of the ROQIT platform.
#### **5. WOWTRUCK Technologies (formerly Equitas Technologies)**
- Acquired in 2022 (99.62% stake for INR 6.77 crore), this **wholly owned subsidiary** operates a **tech-powered logistics aggregation platform** with:
- 30,000+ registered drivers and vehicles
- Services across **intra-city and inter-city logistics**, including last-mile delivery
- Algorithmic matching, auto-bidding, and ERP integration for enterprises in **FMCG, pharma, electronics, and manufacturing**
- Aion-Tech plans to **integrate EVs and financial services** (via NBFC partnerships) onto the Wowtruck platform.
---
### **Recent Strategic Investments & Divestments**
| Initiative | Date | Details |
|---------|------|---------|
| **Investment in ROGIT** | Jun 2025 | Aion-Tech invested in Rogit, a subsidiary focused on developing software and hardware for **zero-emission vehicles (electric/hydrogen)**. |
| **Divestment of WTPL** | Aug 2024 | Agreed to sell 100% of **WTPL** (a non-core subsidiary) to **Trentar Private Limited**, a drone and geospatial tech firm, for **INR 10 crore**, indicating strategic streamlining. |
| **Land Asset Monetization** | Nov 2023 – Feb 2024 | Sold unused factory land in **Cherlapally, Telangana** (20,455 sq. m) for **INR 37.32 crore**, to fund R&D and international expansion. Reflects shift from asset-heavy to asset-light, product-led model. |
---
### **Revenue Profile (as of Sep 2025)**
- **Total Revenue from Operations**: **INR 889 million**
- **Software Sales**: INR 749.97 million (84.3%)
- **IT Consulting Services**: INR 118.12 million
- **Goods Transport Services**: INR 20.91 million
- **Geographic Revenue Mix**:
- **Domestic (India)**: INR 707.68 million
- **Exports**: INR 181.32 million
> Indicates strong software monetization and growing international traction.
---
### **Technology & Leadership**
- **Mr. Srinivas Chilukuri** (Key Executive) brings deep expertise in **AI, deep learning, and IoT**, with prior experience building tech for **NASA, BT, GCHQ, Verizon, and gaming platforms (Mortal Kombat, Kinect)**.
- Platform is built on **modular, cloud-native architecture**, supporting scalability and OEM independence.
- Investment in **Minimum Viable Product (MVP)** development with Quantron, targeting **beta launch and commercial rollout in key markets (EU, USA, India, Middle East)**.