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 ₹ 169 Cr.
- Current Price ₹ 99.0
- High / Low ₹ 165 / 70.0
- Stock P/E 12.1
- 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: | -20% |
| 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 |
| Free Cash Flow | 0 | 0 | 3 | -1 | -2 | 7 | -45 |
| CFO/OP | 1% | 106% | 58% | 24% | 41% | 168% | -21% |
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% |
Insights
In beta| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Installed Capacity MT |
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| Actual Production MT |
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| Capacity Utilization % |
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| Number of Countries (Exports) Number |
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| Number of Global Customers Number |
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| FRP Rebar Installed Lines Number |
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| FRP Rebar Capacity per Machine MT |
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| Number of Product Categories Number |
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| Order Book INR Crores |
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Documents
Announcements
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Price movement
9 April 2026 - Investors have latest relevant information about the company and to inform the market place so that the interest of the investors is safeguarded, has written …
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Certificate under SEBI (Depositories and Participants) Regulations, 2018
9 April 2026 - RTA confirmed dematerialisation requests processed for quarter ended 31 March 2026.
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Analysts/Institutional Investor Meet/Con. Call Updates
8 April 2026 - Aeron Composite held a group site visit with analysts/investors on 7 April 2026.
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Analysts/Institutional Investor Meet/Con. Call Updates
2 April 2026 - Analysts and institutional investors meeting/site visit scheduled on 7 April 2026 in Jornang, Gujarat.
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Trading Window
24 March 2026 - Trading window closed from 01-Apr-2026 until 48 hours after audited results for FY/H1 ending 31-Mar-2026.
Annual reports
Concalls
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Nov 2025Transcript PPT
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May 2025TranscriptAI SummaryPPT
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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.