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 ₹ 172 Cr.
- Current Price ₹ 101
- High / Low ₹ 165 / 89.0
- Stock P/E 12.4
- Book Value ₹ 63.6
- Dividend Yield 0.00 %
- ROCE 21.2 %
- ROE 19.5 %
- 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
- Company might be capitalizing the interest cost
- Earnings include an other income of Rs.6.95 Cr.
* 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 | TTM | |
|---|---|---|---|---|---|---|---|---|
| 45 | 77 | 79 | 108 | 179 | 200 | 215 | 224 | |
| 42 | 72 | 73 | 102 | 169 | 184 | 197 | 207 | |
| Operating Profit | 3 | 6 | 6 | 6 | 10 | 16 | 18 | 17 |
| OPM % | 7% | 7% | 8% | 6% | 6% | 8% | 8% | 8% |
| 0 | 1 | 0 | 2 | 3 | 2 | 5 | 7 | |
| Interest | 1 | 1 | 1 | 1 | 2 | 1 | 2 | 3 |
| Depreciation | 1 | 1 | 2 | 2 | 2 | 2 | 3 | 3 |
| Profit before tax | 2 | 4 | 4 | 5 | 10 | 15 | 18 | 18 |
| Tax % | 30% | 29% | 30% | 28% | 31% | 30% | 27% | |
| 1 | 3 | 3 | 4 | 7 | 10 | 13 | 14 | |
| EPS in Rs | 9.31 | 22.23 | 19.62 | 27.85 | 42.20 | 64.54 | 7.84 | 8.18 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 23% |
| 3 Years: | 26% |
| TTM: | -1% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 35% |
| 3 Years: | 56% |
| TTM: | 18% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | -36% |
| 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 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|
| Equity Capital | 1 | 1 | 1 | 1 | 2 | 2 | 17 | 17 |
| Reserves | 3 | 8 | 11 | 14 | 24 | 34 | 84 | 91 |
| 7 | 13 | 10 | 13 | 14 | 12 | 45 | 48 | |
| 9 | 15 | 21 | 33 | 30 | 54 | 60 | 57 | |
| Total Liabilities | 21 | 38 | 44 | 61 | 69 | 101 | 206 | 213 |
| 3 | 9 | 8 | 8 | 9 | 18 | 20 | 40 | |
| CWIP | 0 | 0 | 0 | 0 | 0 | 4 | 35 | 28 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 18 | 29 | 36 | 53 | 60 | 80 | 152 | 144 | |
| Total Assets | 21 | 38 | 44 | 61 | 69 | 101 | 206 | 213 |
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
-
Shareholders meeting
31 January 2026 - EOGM results: 30 Jan 2026; special resolution to change registered office passed with 10,797,672 votes (63.44%).
-
Shareholders meeting
30 January 2026 - EOGM on 30 Jan 2026 to consider change in registered office; voting result pending.
-
Quarterly Compliance Report on Corporate governance - within 21 days from the end of the quarter
21 January 2026 - Aeron Composite: Corporate Governance Report Reg 27(2) not applicable for quarter ended Dec 31, 2025; RPT Reg 23 applicable.
-
Integrated Filing- Governance
21 January 2026 - Integrated Governance filing for quarter ended Dec 31, 2025; zero investor complaints; no fines, acquisitions, or tax updates.
-
Certificate under SEBI (Depositories and Participants) Regulations, 2018
21 January 2026 - Reconciliation of share capital audit for quarter ended 31-Dec-2025; issued capital 17,020,000 shares; ISIN INE0WL801011
Annual reports
Concalls
-
Nov 2025Transcript PPT
-
May 2025TranscriptAI SummaryPPT
-
Nov 2024TranscriptAI SummaryPPT
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.