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 ₹ 226 Cr.
- Current Price ₹ 133
- High / Low ₹ 202 / 113
- Stock P/E 17.0
- 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
-
General Updates
26 May 2025 - Investor presentation for FY 2024-25 with Rs 215 Cr revenue and strategic business overview.
-
Related Party Transactions
23 May 2025 - Aeron Composite exempt from Related Party Transactions disclosure for H1 FY25 as per SEBI SME rules.
-
Change in Directors/ Key Managerial Personnel/ Auditor/ Compliance Officer/ Share Transfer Agent
23 May 2025 - AERON COMPOSITE LIMITED has informed about Change in Directors/ Key Managerial Personnel/ Auditor/ Compliance Officer/ Share Transfer Agent
-
Updates
23 May 2025 - Approved FY25 audited results with unmodified opinion; appointed secretarial, internal, cost auditors; no IPO fund deviation.
-
Updates
23 May 2025 - Audited FY25 results with unmodified opinion; auditor appointments; no IPO fund deviation or loan defaults.
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