Aeron Composites Ltd

Aeron Composites Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Aeron Composites Ltd

₹ 155 7.94%
11 Dec 2:34 p.m.
Company website NSE - SME: AERON
About

Aeron Composite Limited manufactures and supplies glass fiber-reinforced polymer (FRP) products, including FRP pultruded products, FRP molded gratings, and FRP rods, tailored for various industrial applications[1]

Key Points

About the Product[1] Fiber Reinforced Polymers (FRP's) are 70% lighter than steel, offering an exceptional strength-to-weight ratio. Compared to traditional materials like metal, concrete, and wood, FRP provides high strength while being significantly lighter.

Website NSE - SM
  • Market Cap ₹ 264 Cr.
  • Current Price ₹ 155
  • High / Low ₹ 174 / 118
  • Stock P/E 26.1
  • Book Value ₹ 55.4
  • Dividend Yield 0.00 %
  • ROCE 36.5 %
  • ROE 33.2 %
  • Face Value ₹ 10.0
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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

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Half Yearly Results

Figures in Rs. Crores

Sep 2023 Sep 2024
82 108
74 98
Operating Profit 8 10
OPM % 10% 9%
1 2
Interest 1 1
Depreciation 1 2
Profit before tax 8 10
Tax % 34% 31%
5 7
EPS in Rs 31.98 3.91
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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%

Shareholding Pattern

Numbers in percentages

1 Recently
Sep 2024
73.63%
4.90%
3.49%
17.98%
No. of Shareholders 1,648

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

Documents

Announcements

Annual reports

Concalls

  • Nov 2024
    Transcript
    Notes
    PPT