Shares of Aurionpro Solutions have had a meteoric rise this year. Since the start of the year, the stock has surged up over 500%. Despite this incredible rally, analysts at Ventura think the stock still has some steam left.

The Aurionpro Solutions Analyst: Analysts at Ventura initiated coverage on the stock with a target price of ₹2,887 over the next two years. The target indicates a 41% upside from the stock’s last closing price of ₹2,034.

The Aurionpro Solutions Thesis: Aurionpro Solutions, is a software product company, that has established itself as a key player in the financial software sector, emphasising a dual focus on banking and financial software along with the technology innovation group (TIG).

The brokerage highlighted that in the September quarter, the company maintained a robust consolidated order book of around ₹810 crore, providing favourable medium-term revenue visibility. The brokerage added that strategically expanding globally, especially in the US market, presents a compelling investment opportunity for Aurionpro. Substantial investments in sales channels and personnel aim to penetrate large banks, with anticipated discussions and deal sizes 50% to 100% larger than those in Asia.

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The domestic brokerage firm said that the company’s strategic acquisitions and partnerships, particularly with market leaders such as Finastra and Mastercard provide significant growth potential and market expansion opportunity.

The brokerage in its note prepared Bull and Bear case scenarios for the FY26 Auripro share price based on revenue growth, net margins, and P/E multiples:

• Bull Case: Assuming revenue of ₹1,600 crores (FY23-26 CAGR growth of 31.7%), EBITDA margins of 22%, and a P/E of 35X, the Bull Case consolidated price target is set at ₹3,655, representing an upside of 86.7% from the current market price.
• Bear Case: Assuming revenue of ₹1,400 crores (FY23-26 CAGR growth of 28.5%), EBITDA margins of 20%, and a P/E of 25X, the Bear Case consolidated price target is set at ₹2,185, reflecting an upside of 11.7% from the CMP.

Price Action: Aurinpro’s share price was up 2.24% to trade at ₹2,080 on Thursday afternoon.

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