Aeroflex Industries Ltd
Incorporated in 1993, Aeroflex Industries Limited, manufactures and supplies environment-friendly metallic flexible flow solution products.[1]
- Market Cap ₹ 5,473 Cr.
- Current Price ₹ 414
- High / Low ₹ 522 / 158
- Stock P/E 98.5
- Book Value ₹ 33.8
- Dividend Yield 0.10 %
- ROCE 18.9 %
- ROE 14.1 %
- Face Value ₹ 2.00
Pros
- Company is almost debt free.
- Company has delivered good profit growth of 50.4% CAGR over last 5 years
Cons
- Stock is trading at 12.2 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 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| 144 | 144 | 241 | 269 | 318 | 376 | 442 | |
| 122 | 122 | 194 | 216 | 256 | 296 | 342 | |
| Operating Profit | 22 | 23 | 47 | 53 | 62 | 80 | 100 |
| OPM % | 15% | 16% | 20% | 20% | 20% | 21% | 23% |
| -3 | -2 | 1 | -3 | 4 | 2 | 1 | |
| Interest | 12 | 9 | 7 | 4 | 3 | 1 | 2 |
| Depreciation | 4 | 4 | 4 | 5 | 6 | 11 | 26 |
| Profit before tax | 4 | 8 | 37 | 41 | 57 | 70 | 74 |
| Tax % | -32% | 25% | 25% | 27% | 27% | 25% | 25% |
| 5 | 6 | 28 | 30 | 42 | 53 | 56 | |
| EPS in Rs | 2.05 | 2.63 | 12.03 | 2.64 | 3.23 | 4.06 | 4.20 |
| Dividend Payout % | 0% | 0% | 0% | 8% | 8% | 7% | 10% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 25% |
| 3 Years: | 18% |
| TTM: | 17% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 50% |
| 3 Years: | 20% |
| TTM: | 6% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | 109% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 19% |
| 3 Years: | 16% |
| Last Year: | 14% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Equity Capital | 23 | 23 | 23 | 23 | 26 | 26 | 26 |
| Reserves | 30 | 36 | 63 | 91 | 267 | 317 | 421 |
| 63 | 53 | 39 | 45 | 0 | 1 | 9 | |
| 41 | 50 | 58 | 55 | 82 | 84 | 109 | |
| Total Liabilities | 157 | 162 | 183 | 214 | 375 | 427 | 565 |
| 44 | 43 | 46 | 56 | 83 | 172 | 213 | |
| CWIP | 0 | 0 | 7 | 1 | 5 | 10 | 23 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 113 | 118 | 131 | 157 | 287 | 245 | 329 | |
| Total Assets | 157 | 162 | 183 | 214 | 375 | 427 | 565 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| 13 | 12 | 32 | 7 | 44 | 27 | 66 | |
| -1 | -3 | -13 | -9 | -64 | -74 | -120 | |
| -10 | -10 | -14 | 0 | 90 | -3 | 47 | |
| Net Cash Flow | 2 | -1 | 5 | -2 | 70 | -50 | -7 |
| Free Cash Flow | 12 | 9 | 19 | -2 | 6 | -78 | -5 |
| CFO/OP | 58% | 54% | 68% | 14% | 95% | 54% | 85% |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Debtor Days | 72 | 85 | 80 | 91 | 109 | 113 | 107 |
| Inventory Days | 122 | 134 | 84 | 120 | 107 | 111 | 122 |
| Days Payable | 130 | 157 | 80 | 78 | 100 | 94 | 117 |
| Cash Conversion Cycle | 64 | 62 | 84 | 132 | 116 | 129 | 112 |
| Working Capital Days | 91 | 114 | 69 | 94 | 107 | 126 | 118 |
| ROCE % | 17% | 36% | 34% | 26% | 22% | 19% |
Insights
In beta| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Export Revenue Mix % of Total Sales |
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| SS Flexible Hoses Capacity Utilization % |
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| SS Flexible Hoses Production Capacity Million Metres p.a. |
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| SS Flexible Hoses Production Volume Million Metres |
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| Assemblies & Fittings Assembly Stations Stations |
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| Number of SKUs SKUs |
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| SFN Liquid Cooling Skid Assembly Capacity Skids p.a. |
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| SFN Skid Assembly Sales Volume Units |
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Extracted by Screener AI
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Newspaper Publication
3 Jul - Newspaper advertisement titled " Corrigendum to the notice of 32nd Annual General Meeting"
- Intimation Regarding Corrigendum To The Notice Of The 32Nd Annual General Meeting Of Aeroflex Industries Limited 2 Jul
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Intimation Under Regulation 30 Of SEBI (LODR) Regulations, 2015.
1 Jul - SFN skid assembly capacity raised from 6,000 to 9,000 units annually; production commenced July 1, 2026.
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Announcement under Regulation 30 (LODR)-Newspaper Publication
30 Jun - Newspaper advertisement titled Notice of 32nd Annual General Meeting and E-voting Information.
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Letter Sent To Members
27 Jun - 32nd AGM scheduled for July 21, 2026; FY2025-26 annual report link shared.
Annual reports
Concalls
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May 2026Transcript PPT REC
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Feb 2026TranscriptPPTREC
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Jan 2026TranscriptPPT 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]