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 ₹ 124 Cr.
- Current Price ₹ 73.0
- High / Low ₹ 116 / 69.0
- Stock P/E 20.0
- Book Value ₹ 68.3
- Dividend Yield 0.00 %
- ROCE 9.69 %
- ROE 8.32 %
- Face Value ₹ 10.0
Pros
- Stock is trading at 1.07 times its book value
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
Industrials Capital Goods Industrial Products Other Industrial Products
Part of Nifty SME Emerge
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 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|
| 45 | 77 | 79 | 108 | 179 | 200 | 218 | 222 | 233 | |
| Sales growth | +2% | +37% | +66% | +11% | +9% | +2% | +3% | ||
| 42 | 72 | 73 | 102 | 169 | 184 | 197 | 203 | 213 | |
| Operating Profit | 3 | 6 | 6 | 6 | 10 | 16 | 21 | 19 | 20 |
| OPM % | 7% | 7% | 8% | 6% | 6% | 8% | 10% | 9% | 9% |
| 0 | 1 | 0 | 2 | 3 | 2 | 3 | 3 | 3 | |
| Interest | 1 | 1 | 1 | 1 | 2 | 1 | 2 | 3 | 4 |
| Depreciation | 1 | 1 | 2 | 2 | 2 | 2 | 3 | 7 | 10 |
| Profit before tax | 2 | 4 | 4 | 5 | 10 | 15 | 18 | 12 | 9 |
| Tax % | 30% | 29% | 30% | 28% | 31% | 30% | 27% | 26% | |
| 1 | 3 | 3 | 4 | 7 | 10 | 13 | 9 | 6 | |
| EPS in Rs | 1.16 | 2.78 | 2.45 | 3.48 | 5.29 | 8.09 | 7.84 | 5.12 | 3.57 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 23% |
| 3 Years: | 7% |
| TTM: | 3% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 28% |
| 3 Years: | 10% |
| TTM: | -53% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | -35% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 18% |
| 3 Years: | 16% |
| Last Year: | 8% |
Balance Sheet
Figures in Rs. Crores
| Mar 2018 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | Sep 2026 | |
|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 1 | 1 | 1 | 1 | 2 | 2 | 17 | 17 | 17 |
| Reserves | 3 | 8 | 11 | 14 | 24 | 34 | 84 | 93 | 99 |
| 7 | 13 | 10 | 13 | 14 | 12 | 45 | 58 | 52 | |
| 9 | 15 | 21 | 33 | 30 | 54 | 60 | 44 | 63 | |
| Total Liabilities | 21 | 38 | 44 | 61 | 69 | 101 | 206 | 212 | 231 |
| 3 | 9 | 8 | 8 | 9 | 18 | 20 | 76 | 79 | |
| CWIP | 0 | 0 | 0 | 0 | 0 | 4 | 35 | 2 | 2 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 18 | 29 | 36 | 53 | 60 | 80 | 152 | 133 | 149 | |
| Total Assets | 21 | 38 | 44 | 61 | 69 | 101 | 206 | 212 | 231 |
Cash Flows
Figures in Rs. Crores
| Mar 2018 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| 0 | 6 | 4 | 0 | 2 | 21 | -9 | 6 | |
| 0 | -5 | -2 | -2 | -4 | -14 | -34 | -29 | |
| -0 | 3 | -4 | 1 | 3 | -4 | 84 | 9 | |
| Net Cash Flow | -0 | 3 | -2 | -1 | 1 | 3 | 41 | -14 |
| Free Cash Flow | 0 | 0 | 3 | -1 | -2 | 7 | -45 | -26 |
| CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit | 1% | 106% | 58% | 24% | 41% | 168% | -18% | 50% |
Ratios
| Mar 2018 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| Debtor Days | 73 | 62 | 88 | 70 | 63 | 76 | 76 | 79 |
| Inventory Days | 76 | 61 | 84 | 106 | 56 | 76 | 159 | 111 |
| Days Payable | 76 | 74 | 133 | 135 | 64 | 125 | 152 | 95 |
| Cash Conversion Cycle | 73 | 49 | 39 | 41 | 55 | 27 | 82 | 96 |
| Working Capital Days | 66 | 18 | 31 | 30 | 28 | 25 | 33 | 28 |
| ROCE % | 21% | 24% | 33% | 36% | 21% | 10% |
Insights
In beta| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Actual Production MT |
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| Capacity Utilization % |
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| Export Revenue Share % |
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| Installed Capacity MT |
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| Number of Export Countries Number |
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| Number of Products Number |
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| FRP Rebar Production Lines Number |
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| Order Book INR Cr |
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Extracted by Screener AI
Documents
Announcements
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Statement of deviation(s) or variation(s) under Reg. 32
- Board approved H1 FY2027 unaudited results, committee reconstitution, no loan default, and IPO proceeds certificate.
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Outcome of Board Meeting
- Board approved H1 FY2026-27 unaudited results, IND AS adoption, committee reconstitution, and auditor certificate.
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Certificate under SEBI (Depositories and Participants) Regulations, 2018
- Filed share capital reconciliation audit report for quarter ended 30 September 2026.
-
Integrated Filing- Governance
- Quarterly investor grievance report for Q2 FY2026-27 shows nil pending, received, disposed, and unresolved cases.
-
Quarterly Compliance Report on Corporate governance - within 21 days from the end of the quarter
- Aeron Composite says corporate governance report is not applicable for Q2 FY2026-27 due to SME listing.
Annual reports
-
Annual Report 2026
from nse
-
Annual Report 2025
from nse
-
Annual Report 2024
from nse
Concalls
-
Jun 2026PPT
-
Nov 2025Transcript PPT
-
May 2025PPT
-
Nov 2024PPT
Business Overview:[1]
ACL manufactures and makes fibre-glass reinforced polymer (FRP/GRP) products as corrosion-free, lightweight substitutes for steel and aluminium. It positions itself as a 360° FRP solutions provider covering design, prototyping, testing, manufacturing, logistics, installation, and after-sales service