Aeroflex Industries Ltd

Aeroflex Industries Ltd

₹ 146 -0.03%
28 Feb - close price
About

Incorporated in 1993, Aeroflex Industries Limited, manufactures and supplies environment-friendly metallic flexible flow solution products.[1]

Key Points

Business Profile[1]
Co. is one of the leading Indian manufacturers of metallic flexible flow solutions made with stainless steel. Co. has recently developed products made of bronze as well.

  • Market Cap 1,889 Cr.
  • Current Price 146
  • High / Low 197 / 141
  • Stock P/E 58.2
  • Book Value 21.2
  • Dividend Yield 0.00 %
  • ROCE 34.6 %
  • ROE 32.4 %
  • Face Value 2.00

Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Company has delivered good profit growth of 252% CAGR over last 5 years
  • Company has a good return on equity (ROE) track record: 3 Years ROE 29.3%

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

Sector: Steel Industry: Steel - Medium / Small

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Sep 2022 Dec 2022 Jun 2023 Sep 2023 Dec 2023
68.12 65.89 82.91 84.06 73.12
55.99 56.71 67.03 66.40 59.30
Operating Profit 12.13 9.18 15.88 17.66 13.82
OPM % 17.81% 13.93% 19.15% 21.01% 18.90%
0.00 0.01 1.15 0.20 1.19
Interest 1.06 0.89 0.92 1.09 0.07
Depreciation 1.17 1.45 1.42 1.52 1.59
Profit before tax 9.90 6.85 14.69 15.25 13.35
Tax % 24.24% 24.82% 24.64% 24.20% 32.06%
7.50 5.15 11.07 11.56 9.06
EPS in Rs 3.28 2.25 0.97 0.89 0.70
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
122 145 144 145 241 269
112 121 126 124 194 215
Operating Profit 10 24 18 21 47 54
OPM % 8% 16% 13% 15% 20% 20%
0 0 1 0 1 -3
Interest 6 15 12 9 7 5
Depreciation 4 4 4 4 4 5
Profit before tax 0 5 4 8 37 41
Tax % 0% -42% -32% 25% 25% 27%
0 7 5 6 28 30
EPS in Rs 0.09 3.10 2.06 2.63 12.06 2.64
Dividend Payout % 0% 0% 0% 0% 0% 8%
Compounded Sales Growth
10 Years: %
5 Years: 17%
3 Years: 23%
TTM: 12%
Compounded Profit Growth
10 Years: %
5 Years: 252%
3 Years: 58%
TTM: 19%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: %
1 Year: %
Return on Equity
10 Years: %
5 Years: 26%
3 Years: 29%
Last Year: 32%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 28 23 23 23 23 23 26
Reserves 12 25 30 36 63 91 248
Preference Capital 21 0 0 0 0 0
78 73 63 53 39 45 0
29 33 41 50 58 55 73
Total Liabilities 147 153 157 162 184 214 347
48 47 44 43 46 56 57
CWIP 0 0 0 0 7 1 16
Investments 0 0 0 0 0 0 0
99 106 113 118 131 157 274
Total Assets 147 153 157 162 184 214 347

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
-5 3 13 12 32 4
2 -3 -1 -3 -13 -10
3 -5 -10 -10 -14 4
Net Cash Flow -0 -5 2 -1 5 -2

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 93 68 72 86 80 91
Inventory Days 67 103 122 134 84 120
Days Payable 130 97 130 158 80 79
Cash Conversion Cycle 30 74 64 62 84 132
Working Capital Days 183 183 157 159 96 128
ROCE % 15% 16% 17% 36% 35%

Shareholding Pattern

Numbers in percentages

2 Recently
Sep 2023Dec 2023
66.99% 66.99%
1.13% 0.36%
6.76% 5.83%
25.12% 26.82%
No. of Shareholders 94,50697,153

* 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.

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