Aequs Ltd
Founded in 2000, Aequs focuses on high-precision, high-complexity components and assemblies for global OEMs and Tier-1 suppliers, especially in civil aviation.[1]
- Market Cap ₹ 8,987 Cr.
- Current Price ₹ 151
- High / Low ₹ /
- Stock P/E 937
- Book Value ₹
- Dividend Yield %
- ROCE 1.61 %
- ROE 1.29 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
- Company is almost debt free.
Cons
- Company has a low return on equity of 1.53% over last 3 years.
- Working capital days have increased from 13.7 days to 220 days
* 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
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
| Operating Profit |
| OPM % |
| Interest |
| Depreciation |
| Profit before tax |
| Tax % |
| EPS in Rs |
| Raw PDF |
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|
| 52 | 70 | 74 | 92 | |
| 50 | 68 | 65 | 83 | |
| Operating Profit | 1 | 2 | 9 | 9 |
| OPM % | 3% | 3% | 12% | 10% |
| -157 | -25 | -120 | -63 | |
| Interest | 6 | 9 | 8 | 6 |
| Depreciation | 12 | 12 | 11 | 10 |
| Profit before tax | -174 | -44 | -130 | -71 |
| Tax % | 3% | 0% | 0% | 5% |
| -178 | -44 | -130 | -74 | |
| EPS in Rs | -4.50 | -1.03 | -3.07 | -1.27 |
| Dividend Payout % | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 21% |
| TTM: | 24% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 36% |
| TTM: | -51% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | % |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 2% |
| Last Year: | 1% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|
| Equity Capital | 396 | 425 | 425 | 582 |
| Reserves | 100 | 114 | 147 | 328 |
| 63 | 139 | 465 | 52 | |
| 58 | 46 | 90 | 94 | |
| Total Liabilities | 616 | 724 | 1,126 | 1,055 |
| 53 | 57 | 49 | 40 | |
| CWIP | 0 | 0 | 0 | 0 |
| Investments | 431 | 586 | 808 | 852 |
| 132 | 80 | 270 | 163 | |
| Total Assets | 616 | 724 | 1,126 | 1,055 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|
| 17 | 14 | -7 | 0 | |
| -172 | -169 | -451 | -6 | |
| 150 | 124 | 483 | -8 | |
| Net Cash Flow | -6 | -31 | 25 | -13 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|
| Debtor Days | 114 | 68 | 58 | 68 |
| Inventory Days | 581 | 313 | 496 | 420 |
| Days Payable | 264 | 356 | 282 | 243 |
| Cash Conversion Cycle | 431 | 25 | 271 | 246 |
| Working Capital Days | -28 | -150 | -29 | 220 |
| ROCE % | 1% | 3% | 2% |
Business Profile [1]
Aequs is the only precision component manufacturer in India operating a fully vertically integrated aerospace ecosystem within a single SEZ, covering forging, machining, surface treatment, and assembly. It has produced over 5,000 aerospace products across major global platforms.