Aeroflex Industries Ltd
Incorporated in 1993, Aeroflex Industries Limited, manufactures and supplies environment-friendly metallic flexible flow solution products.[1]
- Market Cap ₹ 4,119 Cr.
- Current Price ₹ 311
- High / Low ₹ 321 / 151
- Stock P/E 83.8
- Book Value ₹ 27.8
- Dividend Yield 0.10 %
- ROCE 22.3 %
- ROE 16.6 %
- Face Value ₹ 2.00
Pros
- Company is almost debt free.
- Company has delivered good profit growth of 44.8% CAGR over last 5 years
Cons
- Stock is trading at 11.2 times its book value
- Promoter holding has decreased over last quarter: -1.52%
* 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 Industrials
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|
| 144 | 144 | 241 | 269 | 318 | 376 | 408 | |
| 122 | 122 | 194 | 216 | 256 | 296 | 319 | |
| Operating Profit | 22 | 23 | 47 | 53 | 62 | 80 | 89 |
| OPM % | 15% | 16% | 20% | 20% | 20% | 21% | 22% |
| -3 | -2 | 1 | -3 | 4 | 2 | 1 | |
| Interest | 12 | 9 | 7 | 4 | 3 | 1 | 1 |
| Depreciation | 4 | 4 | 4 | 5 | 6 | 11 | 22 |
| Profit before tax | 4 | 8 | 37 | 41 | 57 | 70 | 66 |
| Tax % | -32% | 25% | 25% | 27% | 27% | 25% | |
| 5 | 6 | 28 | 30 | 42 | 53 | 49 | |
| EPS in Rs | 2.05 | 2.63 | 12.03 | 2.64 | 3.23 | 4.06 | 3.80 |
| Dividend Payout % | 0% | 0% | 0% | 8% | 8% | 7% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 21% |
| 3 Years: | 16% |
| TTM: | 13% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 45% |
| 3 Years: | 25% |
| TTM: | -4% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | 77% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 22% |
| 3 Years: | 20% |
| Last Year: | 17% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|
| Equity Capital | 23 | 23 | 23 | 23 | 26 | 26 | 26 |
| Reserves | 30 | 36 | 63 | 91 | 267 | 317 | 334 |
| 63 | 53 | 39 | 45 | 0 | 1 | 9 | |
| 41 | 50 | 58 | 55 | 82 | 84 | 100 | |
| Total Liabilities | 157 | 162 | 183 | 214 | 375 | 427 | 469 |
| 44 | 43 | 46 | 56 | 83 | 172 | 175 | |
| CWIP | 0 | 0 | 7 | 1 | 5 | 10 | 25 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 113 | 118 | 131 | 157 | 287 | 245 | 269 | |
| Total Assets | 157 | 162 | 183 | 214 | 375 | 427 | 469 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|
| 13 | 12 | 32 | 7 | 44 | 27 | |
| -1 | -3 | -13 | -9 | -64 | -74 | |
| -10 | -10 | -14 | 0 | 90 | -3 | |
| Net Cash Flow | 2 | -1 | 5 | -2 | 70 | -50 |
| Free Cash Flow | 12 | 9 | 19 | -2 | 6 | -78 |
| CFO/OP | 58% | 54% | 68% | 14% | 95% | 54% |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|
| Debtor Days | 72 | 85 | 80 | 91 | 109 | 113 |
| Inventory Days | 122 | 134 | 84 | 120 | 107 | 109 |
| Days Payable | 130 | 157 | 80 | 78 | 100 | 93 |
| Cash Conversion Cycle | 64 | 62 | 84 | 132 | 116 | 129 |
| Working Capital Days | 91 | 114 | 69 | 94 | 107 | 127 |
| ROCE % | 17% | 36% | 34% | 26% | 22% |
Insights
In beta| Mar 2016 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|
| Export Presence (Number of Countries) Countries |
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| Capacity Utilization - SS Flexible Hoses % |
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| Export Revenue Contribution % |
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| Installed Capacity - SS Flexible Hoses Million Meters p.a. |
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| Revenue Mix - Assemblies & Others % |
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| Actual Production - SS Flexible Hoses Million Meters |
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| Total Number of SKUs Number |
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| Metal Bellows Capacity Pieces p.a. |
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| Number of Assembly Stations Units |
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Extracted by Screener AI
Documents
Announcements
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Disclosure Under Regulation 30 Of The SEBI (LODR) Regulations, 2015
8 Apr - Raigad GST order demands Rs 3.60 crore plus equal penalty on IPO-related ITC issues.
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Disclosure Under Regulation 31(4) Of SEBI (Substantial Acquisition Of Shares And Takeovers) Regulations, 2011
4 Apr - Promoter entities disclosed March 31, 2026 holdings: 7,91,81,833 and 74,54,830 shares; no encumbrance.
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Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
4 Apr - Regulation 74(5) certificate for quarter ended March 31, 2026; no shareholder requests received.
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Intimation Under Regulation 30 Of The SEBI (LODR) Regulations, 2015.
1 Apr - Capacity increased from 2,000 to 6,000/yr effective Apr 1, 2026; target 15,000/yr by Jun/Jul 2026; sold 571 in Q4.
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Disclosure Under Regulation 30 Of The SEBI (LODR) Regulations, 2015
27 Mar - IT order dated Mar 25, 2026 demands Rs41.76 crore for AY2018-19; company to appeal.
Annual reports
Concalls
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Feb 2026TranscriptPPTREC
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Jan 2026TranscriptAI SummaryPPT REC
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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]