Aeroflex Industries Ltd
Incorporated in 1993, Aeroflex Industries Limited, manufactures and supplies environment-friendly metallic flexible flow solution products.[1]
- Market Cap ₹ 2,431 Cr.
- Current Price ₹ 188
- High / Low ₹ 272 / 145
- Stock P/E 51.5
- Book Value ₹ 27.8
- Dividend Yield 0.16 %
- ROCE 22.2 %
- ROE 16.5 %
- Face Value ₹ 2.00
Pros
- Company is almost debt free.
- Company has delivered good profit growth of 44.6% CAGR over last 5 years
Cons
* 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
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|
| 122 | 145 | 144 | 145 | 241 | 269 | 318 | 373 | 372 | |
| 112 | 121 | 126 | 124 | 194 | 216 | 256 | 294 | 292 | |
| Operating Profit | 10 | 24 | 18 | 21 | 47 | 53 | 62 | 79 | 80 |
| OPM % | 8% | 16% | 13% | 15% | 20% | 20% | 20% | 21% | 22% |
| 0 | 0 | 1 | 0 | 1 | -3 | 4 | 2 | 1 | |
| Interest | 6 | 15 | 12 | 9 | 7 | 4 | 3 | 1 | 1 |
| Depreciation | 4 | 4 | 4 | 4 | 4 | 5 | 6 | 11 | 17 |
| Profit before tax | 0 | 5 | 4 | 8 | 37 | 41 | 57 | 69 | 63 |
| Tax % | 0% | -42% | -32% | 25% | 25% | 27% | 27% | 25% | |
| 0 | 7 | 5 | 6 | 28 | 30 | 42 | 52 | 47 | |
| EPS in Rs | 0.09 | 3.10 | 2.06 | 2.63 | 12.06 | 2.64 | 3.23 | 4.01 | 3.66 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 8% | 8% | 7% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 21% |
| 3 Years: | 16% |
| TTM: | 12% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 45% |
| 3 Years: | 24% |
| TTM: | 5% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | -4% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 21% |
| 3 Years: | 20% |
| Last Year: | 16% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 28 | 23 | 23 | 23 | 23 | 23 | 26 | 26 | 26 |
| Reserves | 12 | 25 | 30 | 36 | 63 | 91 | 267 | 316 | 333 |
| 99 | 73 | 63 | 53 | 39 | 45 | 0 | 1 | 9 | |
| 8 | 33 | 41 | 50 | 58 | 55 | 81 | 82 | 91 | |
| Total Liabilities | 147 | 153 | 157 | 162 | 184 | 214 | 375 | 424 | 460 |
| 48 | 47 | 44 | 43 | 46 | 56 | 83 | 149 | 152 | |
| CWIP | 0 | 0 | 0 | 0 | 7 | 1 | 5 | 9 | 24 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 28 | 28 |
| 99 | 106 | 113 | 118 | 131 | 157 | 286 | 238 | 256 | |
| Total Assets | 147 | 153 | 157 | 162 | 184 | 214 | 375 | 424 | 460 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|
| -5 | 3 | 13 | 12 | 32 | 7 | 44 | 30 | |
| 2 | -3 | -1 | -3 | -13 | -10 | -64 | -78 | |
| 3 | -5 | -10 | -10 | -14 | 0 | 90 | -3 | |
| Net Cash Flow | -0 | -5 | 2 | -1 | 5 | -2 | 70 | -51 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|
| Debtor Days | 93 | 68 | 72 | 86 | 80 | 91 | 109 | 118 |
| Inventory Days | 67 | 103 | 122 | 134 | 84 | 120 | 107 | 96 |
| Days Payable | 130 | 97 | 130 | 158 | 80 | 78 | 100 | 91 |
| Cash Conversion Cycle | 30 | 74 | 64 | 62 | 84 | 132 | 116 | 124 |
| Working Capital Days | -50 | 103 | 91 | 114 | 69 | 94 | 107 | 124 |
| ROCE % | 15% | 16% | 17% | 36% | 34% | 26% | 22% |
Documents
Announcements
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Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
13h - Certificate under SEBI Reg 74(5) confirming no demat requests for quarter ended December 31, 2025.
-
Announcement under Regulation 30 (LODR)-Newspaper Publication
1d - Newspaper advertisement titled "Corrigendum to the notice of Extra Ordinary General Meeting".
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Announcement Under Regulation 30 (LODR)- Clarification Regarding Corrigendum To Extra-Ordinary General Meeting Notice Dated 05Th January 2026
2d - Typographical correction: preferential issue amount is Rs.54,99,99,714.60; EOGM on 15 Jan 2026.
- Corrigendum To The Notice Of The Extra-Ordinary General Meeting Dated 18Th December, 2025 5 Jan
-
Closure of Trading Window
29 Dec - Trading window closed from Jan 1, 2026 until 48 hours after December 31, 2025 results; PAN frozen for ISIN INE024001021.
Annual reports
Concalls
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Nov 2025Transcript PPT REC
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Aug 2025Transcript PPT REC
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May 2025Transcript PPT REC
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Jan 2025Transcript PPT REC
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Nov 2024Transcript PPT REC
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Aug 2024Transcript PPT
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Aug 2024TranscriptAI SummaryPPT
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May 2024Transcript PPT REC
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Feb 2024TranscriptPPT
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Feb 2024Transcript PPT REC
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Jan 2024TranscriptAI SummaryPPT
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Nov 2023Transcript PPT REC
Business Profile[1]
Incorporated in 1993, Aeroflex is part of Sat Industries Limited and is one of the leading Indian manufacturers of metallic flexible flow solutions made with stainless steel used for controlled flow. They have 2,938 product SKUs.[2]