Sat Industries Ltd

₹ 89.2 3.00%

06 Jun - close price

About

Incorporated in 1985, Aeroflex Enterprises Ltd,
is in the business of general trading of merchandise, manufacturing of goods, leasing of assets, and financing^[1]

Key Points

Business Overview:^[1]^[2]^[3]^[4]
The company operates as a holding entity with interests across Manufacturing, Leasing, Finance, Investments, Domestic Trading, and Import & Export through its group companies. It also directly deals in stainless steel products via a contract manufacturing model, converting recyclable pellets into customizable SS wire rods for diverse industrial applications. It operates 10 subsidiaries, 6 business verticals, and investments across 35+ sectors—including stakes in over 160 startups—the company has built a broad and diversified business portfolio.

Website BSE NSE

Market Cap ₹ 1,009 Cr.
Current Price ₹ 89.2
High / Low ₹ 152 / 70.1
Stock P/E 19.0
Book Value ₹ 62.0
Dividend Yield 0.34 %
ROCE 14.0 %
ROE 7.88 %
Face Value ₹ 2.00

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Pros

Company has reduced debt.
Company is almost debt free.

Cons

Company has a low return on equity of 11.1% over last 3 years.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Industrials Capital Goods Industrial Products Iron & Steel Products

Part of BSE SmallCap BSE Allcap BSE Industrials

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Detailed Comparison with:

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025
	109	117	126	116	107	130	137	118	115	123	138	157	161
	93	101	111	103	96	109	117	103	99	101	113	129	133
Operating Profit	16	16	15	13	11	21	20	16	17	21	25	29	27
OPM %	15%	14%	12%	11%	10%	16%	14%	13%	15%	17%	18%	18%	17%
	4	1	5	4	7	74	187	10	7	7	11	4	6
Interest	3	1	2	3	1	2	3	2	2	1	2	1	1
Depreciation	2	1	2	2	2	2	2	2	2	3	3	3	5
Profit before tax	15	15	17	12	15	90	201	21	20	24	31	27	27
Tax %	45%	25%	21%	20%	25%	22%	13%	31%	26%	24%	28%	20%	31%
	8	11	13	10	11	70	175	15	14	18	22	22	19
EPS in Rs	0.61	0.94	1.11	0.83	0.85	5.73	15.50	1.06	0.53	1.16	1.31	1.24	0.98
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Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
	19	9	92	91	100	230	225	205	347	466	500	579
	22	27	92	88	90	197	210	178	287	411	427	476
Operating Profit	-3	-18	0	4	10	33	15	26	59	55	74	102
OPM %	-15%	-207%	0%	4%	10%	14%	7%	13%	17%	12%	15%	18%
	0	1	1	20	1	1	4	0	5	18	278	27
Interest	0	0	1	1	2	13	11	9	8	8	11	6
Depreciation	0	0	1	1	1	5	5	5	6	7	9	15
Profit before tax	-2	-18	-2	22	8	15	2	12	50	58	332	109
Tax %	-31%	0%	13%	3%	13%	-2%	-18%	24%	23%	23%	17%	26%
	-2	-18	-2	21	7	16	3	9	39	45	274	81
EPS in Rs	-0.44	-3.88	-0.35	2.13	0.65	1.24	0.23	0.78	3.14	3.78	22.81	4.70
Dividend Payout %	0%	0%	0%	0%	15%	8%	0%	13%	5%	5%	1%	0%

Compounded Sales Growth
10 Years:	52%
5 Years:	21%
3 Years:	19%
TTM:	16%

Compounded Profit Growth
10 Years:	17%
5 Years:	208%
3 Years:	17%
TTM:	-9%

Stock Price CAGR
10 Years:	36%
5 Years:	38%
3 Years:	34%
1 Year:	-4%

Return on Equity
10 Years:	10%
5 Years:	11%
3 Years:	11%
Last Year:	8%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Equity Capital	8	9	11	20	22	22	23	23	23	23	23	23
Reserves	15	-4	6	69	84	120	137	145	180	239	626	678
	12	3	24	11	28	86	71	73	91	105	63	31
	0	0	45	32	19	60	59	64	85	124	182	243
Total Liabilities	34	8	86	132	152	287	289	304	379	490	893	975
	0	0	27	27	29	77	75	75	80	112	144	271
CWIP	0	0	0	0	0	0	0	0	13	2	6	10
Investments	0	0	3	5	14	8	6	6	10	13	20	22
	34	8	56	100	110	202	209	223	275	363	723	672
Total Assets	34	8	86	132	152	287	289	304	379	490	893	975

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
	-3	0	18	-26	-21	37	28	19	17	-7	-242	140
	2	-1	-20	-2	-12	2	-26	-4	-21	-28	213	-83
	2	4	6	35	25	-44	-1	-11	8	58	79	-99
Net Cash Flow	0	3	4	7	-9	-5	1	4	4	22	50	-42

Ratios

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Debtor Days	333	15	151	179	56	84	84	95	85	84	108	120
Inventory Days	0	0	20	34	37	73	89	109	88	98	101	144
Days Payable			175	134	47	89	108	123	75	61	75	78
Cash Conversion Cycle	333	15	-4	80	46	67	65	82	98	121	134	185
Working Capital Days	378	133	10	164	303	222	209	260	186	175	184	203
ROCE %	-8%	-86%	-0%	6%	9%	15%	4%	9%	20%	17%	14%	14%

Shareholding Pattern

Numbers in percentages

	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025
	51.59%	51.59%	51.59%	51.59%	51.59%	51.59%	51.59%	51.59%	51.59%	51.59%	51.59%	51.59%
	0.00%	0.00%	0.89%	0.88%	1.97%	2.29%	0.75%	0.75%	1.11%	0.60%	0.56%	0.50%
	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.21%	0.21%	0.00%	0.00%	0.04%
	48.41%	48.42%	47.53%	47.52%	46.44%	46.12%	47.66%	47.45%	47.11%	47.81%	47.84%	47.88%
No. of Shareholders	3,361	3,457	5,085	5,822	6,958	16,588	24,970	28,519	33,216	42,081	43,125	43,045

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
	49.32%	54.01%	54.01%	51.59%	51.59%	51.59%	51.59%	51.59%	51.59%
	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.88%	0.75%	0.50%
	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.21%	0.04%
	50.68%	45.99%	45.99%	48.41%	48.41%	48.41%	47.52%	47.45%	47.88%
No. of Shareholders	1,846	1,655	1,585	1,545	1,580	3,365	5,822	28,519	43,045

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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5 Mar 2019 from brickwork

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