Sat Industries Ltd
Incorporated in 1985, Aeroflex Enterprises Ltd,
is in the business of general trading of merchandise, manufacturing of goods, leasing of assets, and financing[1]
- Market Cap ₹ 962 Cr.
- Current Price ₹ 85.0
- High / Low ₹ 152 / 70.1
- Stock P/E 20.0
- Book Value ₹ 59.6
- Dividend Yield 0.35 %
- ROCE 14.4 %
- ROE 12.8 %
- Face Value ₹ 2.00
Pros
- Company has reduced debt.
- Company is almost debt free.
- Company has delivered good profit growth of 34.6% CAGR over last 5 years
Cons
* 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: Steel Industry: Steel - Medium / Small
Part of BSE SmallCap BSE Allcap BSE Industrials
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 21 | 19 | 9 | 92 | 91 | 100 | 230 | 225 | 205 | 347 | 466 | 500 | 533 | |
| 34 | 22 | 27 | 92 | 88 | 90 | 197 | 210 | 178 | 287 | 411 | 427 | 441 | |
| Operating Profit | -13 | -3 | -18 | 0 | 4 | 10 | 33 | 15 | 26 | 59 | 55 | 74 | 92 |
| OPM % | -62% | -15% | -207% | 0% | 4% | 10% | 14% | 7% | 13% | 17% | 12% | 15% | 17% |
| -3 | 0 | 1 | 1 | 20 | 1 | 1 | 4 | 0 | 5 | 18 | 278 | 29 | |
| Interest | 0 | 0 | 0 | 1 | 1 | 2 | 13 | 11 | 9 | 8 | 8 | 11 | 7 |
| Depreciation | 0 | 0 | 0 | 1 | 1 | 1 | 5 | 5 | 5 | 6 | 7 | 9 | 13 |
| Profit before tax | -17 | -2 | -18 | -2 | 22 | 8 | 15 | 2 | 12 | 50 | 58 | 332 | 102 |
| Tax % | -4% | -31% | 0% | 13% | 3% | 13% | -2% | -18% | 24% | 23% | 23% | 17% | |
| -16 | -2 | -18 | -2 | 21 | 7 | 16 | 3 | 9 | 39 | 45 | 274 | 77 | |
| EPS in Rs | -4.07 | -0.44 | -3.88 | -0.35 | 2.13 | 0.65 | 1.24 | 0.23 | 0.78 | 3.14 | 3.78 | 22.81 | 4.24 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 15% | 8% | 0% | 13% | 5% | 5% | 1% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 38% |
| 5 Years: | 17% |
| 3 Years: | 35% |
| TTM: | 8% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 41% |
| 5 Years: | 35% |
| 3 Years: | 89% |
| TTM: | -82% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 31% |
| 5 Years: | 37% |
| 3 Years: | 30% |
| 1 Year: | -10% |
| Return on Equity | |
|---|---|
| 10 Years: | 10% |
| 5 Years: | 12% |
| 3 Years: | 15% |
| Last Year: | 13% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Sep 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 8 | 8 | 9 | 11 | 20 | 22 | 22 | 23 | 23 | 23 | 23 | 23 | 23 |
| Reserves | 15 | 15 | -4 | 6 | 69 | 84 | 120 | 137 | 145 | 180 | 239 | 626 | 652 |
| 10 | 12 | 3 | 24 | 11 | 28 | 86 | 71 | 73 | 91 | 105 | 63 | 40 | |
| 0 | 0 | 0 | 45 | 32 | 19 | 60 | 59 | 64 | 85 | 124 | 182 | 243 | |
| Total Liabilities | 33 | 34 | 8 | 86 | 132 | 152 | 287 | 289 | 304 | 379 | 490 | 893 | 957 |
| 0 | 0 | 0 | 27 | 27 | 29 | 77 | 75 | 75 | 80 | 112 | 144 | 191 | |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 13 | 2 | 6 | 36 |
| Investments | 0 | 0 | 0 | 3 | 5 | 14 | 8 | 6 | 6 | 10 | 13 | 20 | 21 |
| 33 | 34 | 8 | 56 | 100 | 110 | 202 | 209 | 223 | 275 | 363 | 723 | 708 | |
| Total Assets | 33 | 34 | 8 | 86 | 132 | 152 | 287 | 289 | 304 | 379 | 490 | 893 | 957 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| -2 | -3 | 0 | 18 | -26 | -21 | 37 | 28 | 19 | 17 | -7 | -242 | |
| 2 | 2 | -1 | -20 | -2 | -12 | 2 | -26 | -4 | -21 | -28 | 213 | |
| -0 | 2 | 4 | 6 | 35 | 25 | -44 | -1 | -11 | 8 | 58 | 79 | |
| Net Cash Flow | -0 | 0 | 3 | 4 | 7 | -9 | -5 | 1 | 4 | 4 | 22 | 50 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 422 | 333 | 15 | 151 | 179 | 56 | 84 | 84 | 95 | 85 | 84 | 108 |
| Inventory Days | 0 | 0 | 0 | 20 | 34 | 37 | 73 | 89 | 109 | 88 | 98 | 101 |
| Days Payable | 175 | 134 | 47 | 89 | 108 | 123 | 75 | 61 | 75 | |||
| Cash Conversion Cycle | 422 | 333 | 15 | -4 | 80 | 46 | 67 | 65 | 82 | 98 | 121 | 134 |
| Working Capital Days | 489 | 378 | 133 | 10 | 164 | 303 | 222 | 209 | 260 | 186 | 175 | 184 |
| ROCE % | -33% | -8% | -86% | -0% | 6% | 9% | 15% | 4% | 9% | 20% | 17% | 14% |
Documents
Announcements
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Board Meeting Intimation for To Consider And Approve The Audited Standalone And Consolidated Financial Results For The Quarter And Financial Year Ended March 31, 2025, And Auditor'S Report Thereon And Dividend
2d - Board meeting on May 24 to approve FY25 results and consider final dividend.
-
Announcement under Regulation 30 (LODR)-Amendments to Memorandum & Articles of Association
15 May - Shareholders approved MOA amendment to include AI, IT products, IP rights, and align with Companies Act 2013.
-
Announcement under Regulation 30 (LODR)-Change of Company Name
13 May - Company name changed to Aeroflex Enterprises Limited effective May 13, 2025.
-
Announcement under Regulation 30 (LODR)-Press Release / Media Release
12 May - SAT Industries' subsidiary acquires 51% in Madhura Compressors to expand compressor business and global reach.
-
Announcement under Regulation 30 (LODR)-Acquisition
7 May - SAT Industries approves ₹325 Cr capex via subsidiary Sah Polymers for real estate; withdraws amalgamation plan.
Annual reports
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Financial Year 2024
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
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Financial Year 2010
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Business Overview:[1][2][3][4]
The company operates as a holding entity with interests across Manufacturing, Leasing, Finance, Investments, Domestic Trading, and Import & Export through its group companies. It also directly deals in stainless steel products via a contract manufacturing model, converting recyclable pellets into customizable SS wire rods for diverse industrial applications. It operates 10 subsidiaries, 6 business verticals, and investments across 35+ sectors—including stakes in over 160 startups—the company has built a broad and diversified business portfolio.