Price
Financials
Consolidated, Rs crore| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 84 | 73 | 78 | 90 | 95 | 100 | 92 | 84 | 111 | 121 | 126 | 145 |
| Expenses | 66 | 59 | 63 | 72 | 75 | 78 | 73 | 69 | 85 | 93 | 96 | 112 |
| Operating Profit | 18 | 14 | 14 | 18 | 20 | 22 | 19 | 15 | 26 | 28 | 30 | 33 |
| OPM % | 21% | 19% | 19% | 20% | 21% | 22% | 21% | 18% | 23% | 23% | 24% | 23% |
| Other Income | 0 | 1 | 1 | 1 | 1 | 1 | 0 | 0 | 0 | 0 | 1 | 1 |
| Interest | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 2 | 2 | 2 | 2 | 2 | 3 | 4 | 6 | 6 | 6 | 8 | 8 |
| Profit before tax | 15 | 13 | 14 | 17 | 19 | 20 | 15 | 10 | 20 | 22 | 23 | 26 |
| Tax % | 24% | 32% | 28% | 26% | 27% | 23% | 25% | 26% | 28% | 25% | 22% | 27% |
| Net Profit | 12 | 9 | 10 | 12 | 14 | 15 | 11 | 7 | 14 | 16 | 18 | 19 |
| EPS in Rs | 0.90 | 0.70 | 0.78 | 0.96 | 1.06 | 1.18 | 0.87 | 0.55 | 1.10 | 1.28 | 1.33 | 1.42 |
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|
| Sales | 144 | 144 | 241 | 269 | 318 | 376 | 442 | 503 |
| Expenses | 122 | 122 | 194 | 216 | 256 | 296 | 342 | 385 |
| Operating Profit | 22 | 23 | 47 | 53 | 62 | 80 | 100 | 118 |
| OPM % | 15% | 16% | 20% | 20% | 20% | 21% | 23% | 23% |
| Other Income | -3 | -2 | 1 | -3 | 4 | 2 | 1 | 2 |
| Interest | 12 | 9 | 7 | 4 | 3 | 1 | 2 | 1 |
| Depreciation | 4 | 4 | 4 | 5 | 6 | 11 | 26 | 28 |
| Profit before tax | 4 | 8 | 37 | 41 | 57 | 70 | 74 | 90 |
| Tax % | -32% | 25% | 25% | 27% | 27% | 25% | 25% | |
| Net Profit | 5 | 6 | 28 | 30 | 42 | 53 | 56 | 67 |
| EPS in Rs | 2.05 | 2.63 | 12.03 | 2.64 | 3.23 | 4.06 | 4.20 | 5.13 |
| Dividend Payout % | 0% | 0% | 0% | 8% | 8% | 7% | 10% |
| 10 Years | 5 Years | 3 Years | TTM | 1 Year | Last Year | |
|---|---|---|---|---|---|---|
| Compounded Sales Growth | % | 25% | 18% | 36% | ||
| Compounded Profit Growth | % | 50% | 20% | 42% | ||
| Stock Price CAGR | % | % | 52% | 210% | ||
| Return on Equity | % | 19% | 16% | 14% |
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Equity Capital | 23 | 23 | 23 | 23 | 26 | 26 | 26 |
| Reserves | 30 | 36 | 63 | 91 | 267 | 317 | 421 |
| Borrowings | 63 | 53 | 39 | 45 | 0 | 1 | 9 |
| Other Liabilities | 41 | 50 | 58 | 55 | 82 | 84 | 109 |
| Total Liabilities | 157 | 162 | 183 | 214 | 375 | 427 | 565 |
| Fixed Assets | 44 | 43 | 46 | 56 | 83 | 172 | 213 |
| CWIP | 0 | 0 | 7 | 1 | 5 | 10 | 23 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Assets | 113 | 118 | 131 | 157 | 287 | 245 | 329 |
| Total Assets | 157 | 162 | 183 | 214 | 375 | 427 | 565 |
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | 13 | 12 | 32 | 7 | 44 | 27 | 66 |
| Cash from Investing Activity | -1 | -3 | -13 | -9 | -64 | -74 | -120 |
| Cash from Financing Activity | -10 | -10 | -14 | 0 | 90 | -3 | 47 |
| Net Cash Flow | 2 | -1 | 5 | -2 | 70 | -50 | -7 |
| Free Cash Flow | 12 | 9 | 19 | -2 | 6 | -78 | -5 |
| CFO/OP | 58% | 54% | 68% | 14% | 95% | 54% | 85% |
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Debtor Days | 72 | 85 | 80 | 91 | 109 | 113 | 107 |
| Inventory Days | 122 | 134 | 84 | 120 | 107 | 111 | 122 |
| Days Payable | 130 | 157 | 80 | 78 | 100 | 94 | 117 |
| Cash Conversion Cycle | 64 | 62 | 84 | 132 | 116 | 129 | 112 |
| Working Capital Days | 91 | 114 | 69 | 94 | 107 | 126 | 118 |
| ROCE % | 17% | 36% | 34% | 26% | 22% | 19% |
| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Promoters | 66.99% | 66.99% | 66.99% | 66.99% | 66.99% | 66.99% | 66.99% | 66.99% | 66.99% | 66.99% | 65.47% | 65.47% |
| FIIs | 1.13% | 0.36% | 0.29% | 0.21% | 0.13% | 1.57% | 0.66% | 0.39% | 0.23% | 0.99% | 1.49% | 3.61% |
| DIIs | 6.76% | 5.83% | 6.16% | 5.91% | 5.59% | 5.66% | 5.91% | 3.87% | 3.43% | 3.55% | 3.80% | 1.48% |
| Public | 25.12% | 26.82% | 26.56% | 26.89% | 27.27% | 25.76% | 26.43% | 28.74% | 29.34% | 28.46% | 29.23% | 29.45% |
| No. of Shareholders | 94,506 | 97,153 | 94,670 | 92,602 | 93,397 | 95,796 | 1,04,640 | 1,17,540 | 1,11,985 | 1,03,736 | 97,254 | 1,09,759 |
Fundamentals
Market Cap₹ 7,141 Cr.
Current Price₹ 540
Stock P/E106
Book Value₹ 33.8
ROCE18.9 %
ROE14.1 %
Dividend Yield0.07 %
Face Value₹ 2.00
Compounded Sales Growth (TTM)36%
Compounded Profit Growth (TTM)42%
Consolidated figures.
Valuation
Market capRs 5,960 Cr
Enterprise valueRs 5,999 Cr
P/E (TTM)88.76x
Price to book52.24x
Price to sales11.85x
EV / EBITDA50.25x
EV / EBIT65.65x
EV / sales11.93x
Price to cash flow825.50x
Earnings yield1.13%
Dividend yield0.04%
Profitability
Operating margin (excl. other income)19.76%
Operating margin (incl. other income)18.63%
EBITDA margin23.73%
Pre-tax margin17.95%
Net profit margin13.35%
Net margin, latest quarter12.92%
ROE30.10%
ROCE31.63%
ROA15.17%
ROE, 3-year average26.29%
ROCE, 3-year average27.81%
ROA, 3-year average11.63%
ROIC (approx.)43.73%
Tax rate26.86%
Other income / net worth-2.66%
Growth
Sales growth (latest year)11.90%
Profit growth (latest year)9.60%
Sales CAGR, 3 years23.13%
Profit CAGR, 3 years85.94%
Sales growth QoQ15.53%
Profit growth QoQ6.52%
Sales growth YoY (latest quarter)72.39%
Profit growth YoY (latest quarter)162.06%
Per share
EPS (TTM)Rs 5.87
EPS (latest year)Rs 2.64
EPS (latest quarter)Rs 1.64
EPS, 3-year averageRs 5.77
Book value per shareRs 9.98
Sales per shareRs 44.00
Cash flow per shareRs 0.63
Free cash flow per shareRs -0.44
Dividend per share (latest year)Rs 0.20
Dividend per share, 3-year averageRs 0.20
Dividends
Dividend payout7.60%
Dividend payout, 3-year average7.60%
Efficiency
Asset turnover1.26x
Fixed asset turnover4.78x
Inventory turnover3.25x
Inventory days112 days
Debtor days91 days
Debtors turnover4.02x
Creditor days117 days
Cash conversion cycle112 days
Working capital days118 days
Leverage
Total debtRs 45 Cr
Cash and bankRs 6 Cr
Net debtRs 39 Cr
Debt to equity0.39x
Net debt / EBITDA0.32x
Interest coverage83.07x
Current ratio (filing 2026-03-31)2.91x
Quick ratio (filing 2026-03-31)2.16x
Trade payables (filing 2026-03-31)Rs 81 Cr
Owners' fund to total sources53.32%
Debt to assets21.04%
Cash flow
Cash from Operating Activity (latest year)Rs 7 Cr
Cash from Investing Activity (latest year)Rs -9 Cr
Cash from Financing Activity (latest year)Rs 0 Cr
Net Cash Flow (latest year)Rs -2 Cr
Free cash flow (latest year)Rs -5 Cr
FCFE (approx.: FCF + change in debt)Rs 1 Cr
Cash from ops / profit, 5 years0.84x
Sales to cash flow37.32x
Statement figures
Net sales (TTM)Rs 503 Cr
Net sales (latest year)Rs 269 Cr
Sales (latest quarter)Rs 145 Cr
Operating profit excl. other income (latest year)Rs 53 Cr
Operating profit (latest quarter)Rs 33 Cr
Other income (TTM)Rs 2 Cr
EBITDA (TTM)Rs 119 Cr
PBDT (TTM)Rs 118 Cr
Profit before tax (TTM)Rs 90 Cr
Tax (latest year)Rs 11 Cr
Net profit (TTM)Rs 67 Cr
Net profit (latest year)Rs 30 Cr
Net profit (latest quarter)Rs 19 Cr
Depreciation (TTM)Rs 28 Cr
Depreciation (latest quarter)Rs 8 Cr
Interest (TTM)Rs 1 Cr
Cost of goods sold (latest year)Rs 182 Cr
Total expenditure (latest year)Rs 216 Cr
Total income (latest year)Rs 266 Cr
Share capitalRs 23 Cr
ReservesRs 91 Cr
Shareholders' fundsRs 114 Cr
Total assetsRs 214 Cr
Net blockRs 56 Cr
Capital work in progressRs 1 Cr
ReceivablesRs 67 Cr
InventoryRs 56 Cr
Other liabilitiesRs 55 Cr
Shares outstanding (crore)11.43
Ownership
Promoter holding65.47% (-1.52 in a year)
Computed by MarketFriction from the consolidated statements. Returns use average balances.
P/E 88.8 is at the 43th percentile of its own 3.1-year range
(median 89.7, low 36.1, high 397.9).
P/B 52.24 is at the 90th percentile (median 33.14).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
| Period | AEROFLEX | Nifty 50 | Difference |
|---|---|---|---|
| 1 week | -1.1% | -2.8% | +1.7 pts |
| 1 month | -5.6% | -6.8% | +1.2 pts |
| 3 months | +14.3% | -7.6% | +21.9 pts |
| 6 months | +118.4% | +0.4% | +118.0 pts |
| 1 year | +181.1% | -9.9% | +191.0 pts |
| 2 years | +185.7% | -13.6% | +199.3 pts |
| 3 years | +241.3% | +14.2% | +227.1 pts |
4 mutual fund schemes hold about ₹50 Cr.
Over three months 2 bought more and 2 sold (share counts, price move removed).
| Fund | Weight | Est. Cr | 3m shares |
|---|---|---|---|
| TRUSTMF Small Cap Fund | 1.37% | 39 | +36% |
| TRUSTMF Multi Cap Fund | 1.39% | 11 | +67% |
| Union Active Momentum Fund | 0.00% | 0 | -100% |
| LIC MF Small Cap Fund | 0.00% | 0 | -100% |
Red flags
F-score 4 of 7| explain | High accruals Profit exceeded operating cash by 11% of total assets in 2026 |
| look | Inventory outrunning sales Inventory grew 56% vs sales +12% in 2026 |
| look | Auditor change Auditor change 2026-06-18: Aeroflex Industries Limited has informed the Exchange regarding Change in Auditors of the company. |
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.
Latest quarter
Jun 2026Sales ₹145 Cr +72.6% vs Jun 2025.
Net profit ₹19 Cr +171.4%.
Activity
Compare| Company | Mcap (Cr) | P/E | ROCE |
|---|---|---|---|
| Welspun Corp Ltd | 74,969 | 32.5 | 22.9 % |
| APL Apollo Tubes Ltd | 60,768 | 49.4 | 31.8 % |
| Shyam Metalics & Energy Ltd | 29,979 | 26.7 | 13.0 % |
| Ratnamani Metals & Tubes Ltd | 19,859 | 45.3 | 17.9 % |
| Jindal Saw Ltd | 17,759 | 27.2 | 10.4 % |
| Usha Martin Ltd | 15,204 | 27.9 | 19.5 % |
| Godawari Power & Ispat Ltd | 14,902 | 18.2 | 20.5 % |
| Gallantt Ispat Ltd. | 13,007 | 29.8 | 18.2 % |
| Maharashtra Seamless Ltd | 9,672 | 13.1 | 14.3 % |
| Jayaswal Neco Industries Ltd | 8,997 | 15.7 | 20.7 % |
| Sunflag Iron & Steel Company Ltd | 8,368 | 39.4 | 4.07 % |
| Man Industries (India) Ltd | 7,198 | 35.2 | 16.2 % |
| Technocraft Industries (India) Ltd | 6,635 | 19.5 | 16.3 % |
| Shivalik Bimetal Controls Ltd | 6,402 | 60.1 | 26.6 % |
| Goodluck India Ltd | 5,271 | 25.8 | 14.4 % |
No bulk or block deals on record.
| Ex-date | Action | Factor |
|---|---|---|
| 2026-07-14 | Dividend - Rs 0.40 Per Share | |
| 2025-07-29 | Dividend - Rs 0.30 Per Share | |
| 2024-06-28 | Dividend - Re 0.25 Per Share | |
| 2024-06-28 | Annual General Meeting |
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Close to Close price movement greater than 100perc in previous 365 daysClose to Close price movement greater than 75perc in previous 6 monthsHigh low price variation greater than 100perc in previous 6 monthsScrip PE is greater than 50 (4 trailing quarters)
Quick answers
What is the market cap of Aeroflex Industries Ltd?
Aeroflex Industries Ltd (AEROFLEX) has a market capitalisation of Rs 7,141 Cr. at the 2026-10-01 close.
What is the P/E ratio of Aeroflex Industries Ltd?
Aeroflex Industries Ltd trades at a P/E of 106 on trailing twelve-month profit, at the 2026-10-01 close.
What were Aeroflex Industries Ltd's latest quarterly results?
In the Jun 2026 quarter, Aeroflex Industries Ltd sales was Rs 145 Cr (+72.6% vs Jun 2025) and net profit was Rs 19 Cr.
What is the 52-week high and low of Aeroflex Industries Ltd?
The 52-week high is Rs 584.15 and the 52-week low is Rs 158.00.