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 ₹ 222 Cr.
- Current Price ₹ 131
- High / Low ₹ 202 / 113
- Stock P/E 22.0
- Book Value ₹ 55.4
- Dividend Yield 0.00 %
- ROCE 36.5 %
- ROE 33.2 %
- Face Value ₹ 10.0
Pros
- Company has a good return on equity (ROE) track record: 3 Years ROE 31.2%
- Company's working capital requirements have reduced from 51.5 days to 39.0 days
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Company might be capitalizing the interest cost
* 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
Sector: Plastic products Industry: Plastics 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 | |
---|---|---|---|---|---|---|
45 | 77 | 79 | 108 | 179 | 200 | |
42 | 72 | 73 | 102 | 169 | 184 | |
Operating Profit | 3 | 6 | 6 | 6 | 10 | 16 |
OPM % | 7% | 7% | 8% | 6% | 6% | 8% |
0 | 1 | 0 | 2 | 3 | 2 | |
Interest | 1 | 1 | 1 | 1 | 2 | 1 |
Depreciation | 1 | 1 | 2 | 2 | 2 | 2 |
Profit before tax | 2 | 4 | 4 | 5 | 10 | 15 |
Tax % | 30% | 29% | 30% | 28% | 31% | 30% |
1 | 3 | 3 | 4 | 7 | 10 | |
EPS in Rs | 9.31 | 22.23 | 19.62 | 27.85 | 42.20 | 64.54 |
Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% |
Compounded Sales Growth | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | 36% |
TTM: | 11% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | 58% |
TTM: | 53% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | % |
1 Year: | % |
Return on Equity | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | 31% |
Last Year: | 33% |
Balance Sheet
Figures in Rs. Crores
Mar 2018 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Sep 2024 | |
---|---|---|---|---|---|---|---|
Equity Capital | 1 | 1 | 1 | 1 | 2 | 2 | 17 |
Reserves | 3 | 8 | 11 | 14 | 24 | 34 | 77 |
7 | 13 | 10 | 13 | 14 | 12 | 34 | |
9 | 15 | 21 | 33 | 30 | 54 | 58 | |
Total Liabilities | 21 | 38 | 44 | 61 | 69 | 101 | 186 |
3 | 9 | 8 | 8 | 9 | 18 | 19 | |
CWIP | 0 | 0 | 0 | 0 | 0 | 4 | 9 |
Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
18 | 29 | 36 | 53 | 60 | 80 | 158 | |
Total Assets | 21 | 38 | 44 | 61 | 69 | 101 | 186 |
Cash Flows
Figures in Rs. Crores
Mar 2018 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|
0 | 6 | 4 | 0 | 2 | 21 | |
0 | -5 | -2 | -2 | -4 | -14 | |
-0 | 3 | -4 | 1 | 3 | -4 | |
Net Cash Flow | -0 | 3 | -2 | -1 | 1 | 3 |
Ratios
Figures in Rs. Crores
Mar 2018 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|
Debtor Days | 73 | 62 | 88 | 70 | 63 | 76 |
Inventory Days | 76 | 61 | 84 | 106 | 56 | 76 |
Days Payable | 76 | 74 | 133 | 135 | 64 | 125 |
Cash Conversion Cycle | 73 | 49 | 39 | 41 | 55 | 27 |
Working Capital Days | 66 | 43 | 56 | 61 | 54 | 39 |
ROCE % | 21% | 24% | 33% | 36% |
Documents
Announcements
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Updates
30 April 2025 - Aeron Composite confirms non-applicability of SEBI Large Corporate debt issuance rules for FY 2024-25.
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Updates
30 April 2025 - Aeron Composite confirms non-applicability of Large Corporate disclosure requirements under SEBI circulars.
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Structural Digital Database
21 April 2025 - Compliance certificate confirming SEBI insider trading database maintenance for FY ended March 31, 2025.
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Related Party Transactions
20 April 2025 - Aeron Composite exempt from related party transaction disclosures as per SEBI SME listing rules.
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Quarterly Compliance Report on Corporate governance - within 21 days from the end of the quarter
20 April 2025 - Aeron Composite exempt from Corporate Governance Report for Q4 FY25 as per SEBI SME listing rules.
Annual reports
Concalls
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Nov 2024TranscriptNotesPPT
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