Aeroflex Industries Ltd
Incorporated in 1993, Aeroflex Industries Limited, manufactures and supplies environment-friendly metallic flexible flow solution products.[1]
- Market Cap ₹ 2,414 Cr.
- Current Price ₹ 186
- High / Low ₹ 272 / 145
- Stock P/E 51.1
- 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: | -5% |
| 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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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
50m - Analyst meetings on 14 Nov 2025, 10:00 AM–2:00 PM IST at Anand Rathi Annual Flagship Conference (1x1/group).
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Announcement under Regulation 30 (LODR)-Earnings Call Transcript
3 Nov - Transcript of Investor''s Conference Call held on Wednesday, 29th October 2025 for Q1 & H1 FY26 Results.
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Announcement under Regulation 30 (LODR)-Newspaper Publication
30 Oct - Newspaper Advertisement of extract of un- audited standalone and consolidated financial results for the quarter and half year ended September 30, 2025.
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
29 Oct - Uploaded 29 Oct 2025 audio of Q2/H1 ended 30 Sep 2025 earnings call on website.
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Announcement under Regulation 30 (LODR)-Earnings Call Transcript
29 Oct - Earning call transcript for conference call held on October 29, 2025.
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 2024TranscriptNotesPPT
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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 2024TranscriptNotesPPT
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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]