Aeron Composites Ltd
Incorporated in 2011, Aeron Composite Ltd manufacture and deals in Fiber Glass Reinforce Plastic Products i.e. Cable Tray, Gratings, ROD, Pole, Structure Profiles,
Handrails etc.[1]
- Market Cap ₹ 220 Cr.
- Current Price ₹ 129
- High / Low ₹ 202 / 113
- Stock P/E 16.5
- Book Value ₹ 59.3
- Dividend Yield 0.00 %
- ROCE 21.2 %
- ROE 19.6 %
- Face Value ₹ 10.0
Pros
- Company has delivered good profit growth of 35.0% CAGR over last 5 years
- Company has a good return on equity (ROE) track record: 3 Years ROE 25.2%
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
* 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 Other Industrial Products
Half Yearly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
Mar 2018 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|
45 | 77 | 79 | 108 | 179 | 200 | 215 | |
42 | 72 | 73 | 102 | 169 | 184 | 197 | |
Operating Profit | 3 | 6 | 6 | 6 | 10 | 16 | 18 |
OPM % | 7% | 7% | 8% | 6% | 6% | 8% | 8% |
0 | 1 | 0 | 2 | 3 | 2 | 5 | |
Interest | 1 | 1 | 1 | 1 | 2 | 1 | 2 |
Depreciation | 1 | 1 | 2 | 2 | 2 | 2 | 3 |
Profit before tax | 2 | 4 | 4 | 5 | 10 | 15 | 18 |
Tax % | 30% | 29% | 30% | 28% | 31% | 30% | 27% |
1 | 3 | 3 | 4 | 7 | 10 | 13 | |
EPS in Rs | 9.31 | 22.23 | 19.62 | 27.85 | 42.20 | 64.54 | 7.84 |
Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
Compounded Sales Growth | |
---|---|
10 Years: | % |
5 Years: | 23% |
3 Years: | 26% |
TTM: | 8% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | 35% |
3 Years: | 56% |
TTM: | 32% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | % |
1 Year: | % |
Return on Equity | |
---|---|
10 Years: | % |
5 Years: | 25% |
3 Years: | 25% |
Last Year: | 20% |
Balance Sheet
Figures in Rs. Crores
Mar 2018 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|
Equity Capital | 1 | 1 | 1 | 1 | 2 | 2 | 17 |
Reserves | 3 | 8 | 11 | 14 | 24 | 34 | 84 |
7 | 13 | 10 | 13 | 14 | 12 | 45 | |
9 | 15 | 21 | 33 | 30 | 54 | 60 | |
Total Liabilities | 21 | 38 | 44 | 61 | 69 | 101 | 206 |
3 | 9 | 8 | 8 | 9 | 18 | 20 | |
CWIP | 0 | 0 | 0 | 0 | 0 | 4 | 35 |
Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
18 | 29 | 36 | 53 | 60 | 80 | 152 | |
Total Assets | 21 | 38 | 44 | 61 | 69 | 101 | 206 |
Cash Flows
Figures in Rs. Crores
Mar 2018 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|
0 | 6 | 4 | 0 | 2 | 21 | -9 | |
0 | -5 | -2 | -2 | -4 | -14 | -34 | |
-0 | 3 | -4 | 1 | 3 | -4 | 84 | |
Net Cash Flow | -0 | 3 | -2 | -1 | 1 | 3 | 41 |
Ratios
Figures in Rs. Crores
Mar 2018 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|
Debtor Days | 73 | 62 | 88 | 70 | 63 | 76 | 77 |
Inventory Days | 76 | 61 | 84 | 106 | 56 | 76 | 159 |
Days Payable | 76 | 74 | 133 | 135 | 64 | 125 | 152 |
Cash Conversion Cycle | 73 | 49 | 39 | 41 | 55 | 27 | 83 |
Working Capital Days | 66 | 43 | 56 | 61 | 54 | 39 | 75 |
ROCE % | 21% | 24% | 33% | 36% | 21% |
Documents
Announcements
-
Disclosure under SEBI Takeover Regulations
1 July 2025 - Promoter group holds 1.25 crore shares; no new encumbrances in FY 2024-25.
-
Analysts/Institutional Investor Meet/Con. Call Updates
28 June 2025 - Aeron plans CFRP capex and rebar capacity expansion to 5 machines by FY end.
-
Disclosure under SEBI Takeover Regulations
26 June 2025 - Promoter group holds 1.25 crore shares with no new encumbrances in FY 2024-25.
-
Disclosure under SEBI Takeover Regulations
25 June 2025 - Promoter group holds 1.25 crore shares; no new encumbrances in FY 2024-25 disclosed.
-
Analysts/Institutional Investor Meet/Con. Call Updates
18 June 2025 - Scheduled investor meeting on 27 June 2025 at Mumbai, no unpublished info to be shared.
Business Overview:[1]
ACL manufactures and supplies Fiber Glass Reinforced Polymer (FRP) products which includes Pultruded Products, Moulded Gratings, and Rods. It provides solutions for design, prototype development, manufacturing, testing, logistics, installation, and after-sales service