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 ₹ 194 Cr.
- Current Price ₹ 114
- High / Low ₹ 202 / 113
- Stock P/E 14.6
- 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 | 18 | 31 | 30 | 28 | 25 | 34 |
| ROCE % | 21% | 24% | 33% | 36% | 21% |
Documents
Announcements
-
Structural Digital Database
19 July 2025 - SDD compliance certificate for Q1 FY2025 confirming insider trading regulation adherence.
-
Integrated Filing- Governance
19 July 2025 - No investor complaints received or pending for quarter ended June 30, 2025.
-
Analysts/Institutional Investor Meet/Con. Call Updates
19 July 2025 - Investor meeting discussed capacity expansion and carbon fiber product installation by FY-end.
-
Quarterly Compliance Report on Corporate governance - within 21 days from the end of the quarter
19 July 2025 - Aeron Composite exempt from SEBI corporate governance rules due to SME listing status.
-
Certificate under SEBI (Depositories and Participants) Regulations, 2018
18 July 2025 - Reconciliation of Share Capital Audit report for quarter ended June 30, 2025, confirming share capital details.
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