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 ₹ 195 Cr.
- Current Price ₹ 114
- High / Low ₹ 202 / 99.0
- Stock P/E 14.6
- Book Value ₹ 59.3
- 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
* 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: | -23% |
| 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
-
Shareholders meeting
27 September 2025 - Aeron Composite AGM 26 Sep 2025: four ordinary resolutions passed; FY2024-25 audited statements adopted, director reappointed.
-
Change in Auditors
26 September 2025 - Appointed M/s M. A. Nakrani & Associates as secretarial auditor for five years from 26 Sep 2025.
-
Change in Management
26 September 2025 - Pankaj Shantilal Dadhaniya re-appointed Whole Time Director at AGM on 26 Sep 2025.
-
Shareholders meeting
26 September 2025 - 14th AGM on 26 Sep 2025: adopted FY2024-25 financials; reappointed WTD; appointed secretarial auditors; ratified cost accountant fees.
-
Trading Window
24 September 2025 - Trading window closed from 01-Oct-2025 until 48 hours after unaudited H1 results for period ended 30-Sep-2025.
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