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 ₹ 17,385 Cr.
- Current Price ₹ 259
- High / Low ₹ 275 / 113
- Stock P/E 525
- Book Value ₹ 27.8
- Dividend Yield 0.00 %
- ROCE 3.24 %
- ROE 2.09 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
- Company is almost debt free.
- Company's working capital requirements have reduced from 79.2 days to 46.1 days
Cons
- Stock is trading at 9.31 times its book value
- Company has a low return on equity of 1.90% over last 3 years.
- Earnings include an other income of Rs.75.9 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.
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
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 | 134 | |
| 50 | 68 | 65 | 83 | 123 | 135 | |
| Operating Profit | 1 | 2 | 9 | 9 | 1 | -1 |
| OPM % | 2.7% | 2.9% | 12% | 10% | 1.0% | -0.9% |
| -157 | -25 | -120 | -63 | 73 | 76 | |
| Interest | 6 | 9 | 8 | 6 | 9 | 8 |
| 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 | 50 | |
| EPS in Rs | -4.50 | -1.03 | -3.07 | -1.27 | 0.74 | 0.74 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 21% |
| TTM: | 34% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 190% |
| TTM: | 1041% |
| 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 | |
|---|---|---|---|---|---|
| Equity Capital | 396 | 425 | 425 | 582 | 671 |
| Reserves | 100 | 114 | 147 | 328 | 1,197 |
| 63 | 139 | 465 | 52 | 35 | |
| 58 | 46 | 90 | 94 | 97 | |
| Total Liabilities | 616 | 724 | 1,126 | 1,055 | 2,000 |
| 53 | 57 | 49 | 40 | 35 | |
| CWIP | 0 | 0 | 0 | 0 | 0 |
| Investments | 431 | 586 | 808 | 852 | 1,519 |
| 132 | 80 | 270 | 163 | 446 | |
| Total Assets | 616 | 724 | 1,126 | 1,055 | 2,000 |
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/OP | 1,243% | 755% | -63% | 11% | 126% |
Ratios
Standalone Figures in Rs. Crores / 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 % |
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| Consumer Segment Capacity Utilization % |
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| Installed Annual Capacity (Machining & Molding Hours) Mn hours |
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| Aerospace Order Book USD Mn |
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| Aerospace Portfolio (SKUs) Number |
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| Manufacturing Footprint Mn sq. ft. |
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| Total Equipment (CNC + Molding Machines) Number |
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Extracted by Screener AI
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
- Aequs will host a plant visit for analysts and investors on August 26, 2026 at Belagavi.
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Announcement under Regulation 30 (LODR)-Newspaper Publication
- Submission of Copies of Newspaper Publication regarding Notice of the 26th Annual General Meeting of Aequs Limited, to be held on September 04, 2026 at …
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Business Responsibility and Sustainability Reporting (BRSR)
- Aequs submitted its FY2025-26 BRSR as part of the annual report.
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Intimation Regarding Dispatch Of Letters Providing A Web Link Notice Of AGM And The Annual Report For The Financial Year 2025-26
- AGM notice and FY26 annual report dispatched; AGM on September 4, 2026.
- Reg. 34 (1) Annual Report.
Concalls
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Aug 2026Transcript PPT REC
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Jun 2026Transcript PPT
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May 2026TranscriptPPT REC
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Feb 2026Transcript PPT
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Jan 2026TranscriptAI SummaryPPT
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.