Aequs Ltd

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Aequs Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents
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Aequs Ltd

₹ 238 -1.07%
12 Nov - close price
aequs.com BSE: 544634 NSE: AEQUS
About

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]

Key Points

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.

Website BSE NSE
  • Market Cap ₹ 15,968 Cr.
  • Current Price ₹ 238
  • High / Low ₹ 295 / 113
  • Stock P/E 460
  • Book Value ₹ 28.0
  • Dividend Yield 0.00 %
  • ROCE 3.24 %
  • ROE 2.39 %
  • Face Value ₹ 10.0
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Pros

  • Company is almost debt free.
  • Company is expected to give good quarter
  • Company's working capital requirements have reduced from 79.2 days to 46.1 days

Cons

  • Stock is trading at 8.51 times its book value
  • Tax rate seems low
  • Company has a low return on equity of 2.06% over last 3 years.
  • Promoters have pledged 25.4% of their holding.
  • Earnings include an other income of Rs.79.6 Cr.

* 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 Aerospace & Defense Aerospace & Defense

Part of Nifty Microcap 250 Nifty Total Market BSE Industrials BSE IPO Nifty India Defence

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026 Jun 2026 Sep 2026
20.16 29.89 28.43 27.82 30.90 36.71 38.52 35.55
18.40 27.40 26.93 27.69 29.87 38.32 39.22 39.90
Operating Profit 1.76 2.49 1.50 0.13 1.03 -1.61 -0.70 -4.35
OPM % 8.73% 8.33% 5.28% 0.47% 3.33% -4.39% -1.82% -12.24%
4.89 -78.67 6.74 6.55 -4.39 64.38 9.33 10.31
Interest 0.97 1.43 2.04 2.34 1.65 2.82 0.98 1.66
Depreciation 2.70 2.39 2.36 2.39 2.35 2.36 2.45 2.82
Profit before tax 2.98 -80.00 3.84 1.95 -7.36 57.59 5.20 1.48
Tax % 34.23% 0.74% 0.00% 91.79% -13.32% 9.43% 21.92% -20.95%
1.96 -80.59 3.85 0.17 -6.38 52.16 4.07 1.79
EPS in Rs 0.05 -1.39 0.06 0.00 -0.10 0.78 0.06 0.03
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026 TTM
52 70 74 92 124 142
50 68 65 83 123 147
Operating Profit 1 2 9 9 1 -6
OPM % 2.7% 2.9% 12% 10% 1.0% -4.0%
-157 -25 -120 -63 73 80
Interest 6 9 8 6 9 7
Depreciation 12 12 11 10 9 10
Profit before tax -174 -44 -130 -71 56 57
Tax % 3% 0% 0% 5% 11%
-178 -44 -130 -74 50 52
EPS in Rs -4.50 -1.03 -3.07 -1.27 0.74 0.77
Dividend Payout % 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: %
5 Years: %
3 Years: 21%
TTM: 33%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: 202%
TTM: 2141%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: %
1 Year: %
Return on Equity
10 Years: %
5 Years: 1%
3 Years: 2%
Last Year: 2%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026 Sep 2026
Equity Capital 396 425 425 582 671 671
Reserves 100 114 147 328 1,197 1,205
63 139 465 52 35 50
58 46 90 94 97 126
Total Liabilities 616 724 1,126 1,055 2,000 2,052
53 57 49 40 35 42
CWIP 0 0 0 0 0 0
Investments 431 586 808 852 1,519 1,583
132 80 270 163 446 427
Total Assets 616 724 1,126 1,055 2,000 2,052

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
17 14 -7 0 -5
-172 -169 -451 -6 -793
150 124 483 -8 881
Net Cash Flow -6 -31 25 -13 83
Free Cash Flow 15 12 -9 -1 -15
CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit 1,243% 755% -63% 11% 126%

Ratios

Standalone / View Consolidated

Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Debtor Days 114 68 58 68 73
Inventory Days 581 313 496 420 332
Days Payable 264 356 282 243 220
Cash Conversion Cycle 431 25 271 246 184
Working Capital Days -28 -150 -29 220 46
ROCE % 1% 3% 2% 3%

Insights

In beta
Mar 2023 Mar 2024 Mar 2025 Mar 2026
Aerospace India Capacity Utilization
%

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Aerospace Revenue Share
%
Consumer Segment Capacity Utilization
%
Installed Annual Capacity (Machining & Molding Hours)
Mn hours
Aerospace Order Book
USD Mn
Aerospace Portfolio (SKUs)
Number
Manufacturing Footprint
Mn sq. ft.
Total Equipment (CNC + Molding Machines)
Number

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

1 Recently
Dec 2025Mar 2026Jun 2026Sep 2026
59.08% 59.08% 59.09% 59.09%
4.05% 3.90% 5.17% 5.93%
11.63% 11.39% 8.85% 9.28%
22.88% 23.29% 24.62% 23.46%
2.36% 2.36% 2.29% 2.26%
No. of Shareholders 46,79740,77453,5641,00,201

* 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.

Click on the line-items to see the names of individual entities.

Documents

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Credit ratings

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