MarketFriction

Aeroflex Neu Ltd

NSE AERONEU · BSE 543743 · Packaging
₹70.56 -0.40%
NSE close2026-10-01
52 week range63.21 - 105.50
Market cap₹186 Cr.
P/E1,035
IPO 2023 · +9% since Price band 20% Delivery 31.4%

Price

Drag to pan, scroll or pinch to zoom. Ruler (or Shift + drag) measures a move.Dashed lines: 52 week high and low. Prices adjusted for splits and bonuses.

Financials

Consolidated, Rs crore
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales27.5425.9532.4029.1133.9132.3333.8929.7034.5230.8834.0628.24
Expenses26.5425.1631.2027.5333.0130.9333.7028.9933.8128.8834.0027.28
Operating Profit1.000.791.201.580.901.400.190.710.712.000.060.96
OPM %3.63%3.04%3.70%5.43%2.65%4.33%0.56%2.39%2.06%6.48%0.18%3.40%
Other Income0.490.890.410.310.910.090.851.471.660.411.410.68
Interest0.750.930.800.800.820.820.750.610.610.630.620.58
Depreciation0.570.610.630.630.640.650.740.640.690.740.870.87
Profit before tax0.170.140.180.460.350.02-0.450.931.071.04-0.020.19
Tax %29.41%50.00%27.78%34.78%25.71%150.00%-28.89%12.90%0.00%29.81%4,250.00%52.63%
Net Profit0.110.070.130.300.260.00-0.340.811.070.74-0.870.08
EPS in Rs0.040.020.040.110.100.00-0.140.310.400.29-0.350.03
Mar 2019Mar 2020Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales45498095109129129128
Expenses43477388104125125124
Operating Profit22775444
OPM %5%4.2%9%8%4.6%3.5%3.1%2.9%
Other Income01122254
Interest12134432
Depreciation11112333
Profit before tax11551032
Tax %49%43%20%27%32%39%42%
Net Profit00441021
EPS in Rs0.240.192.691.330.310.040.660.37
Dividend Payout %0%0%0%38%0%0%0%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth%%11%-2%
Compounded Profit Growth%%-24%-75%
Stock Price CAGR%%-10%-10%
Return on Equity%3%1%2%
Mar 2019Mar 2020Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital16161626262626
Reserves34859585876
Borrowings11103025312824
Other Liabilities771416171519
Total Liabilities373669126132128145
Fixed Assets13131947515553
CWIP0071100
Investments0000000
Other Assets24234378807392
Total Assets373669126132128145
Mar 2019Mar 2020Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity33-1-17093
Cash from Investing Activity-1-1-11-20-5-6-0
Cash from Financing Activity-2-21146-5-511
Net Cash Flow1-0-19-10-214
Free Cash Flow22-9-41-632
CFO/OP139%136%-7%-216%22%195%70%
Mar 2019Mar 2020Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days71676362746065
Inventory Days6661101162167166139
Days Payable45495152493842
Cash Conversion Cycle9179113172191189162
Working Capital Days3638-21029890106
ROCE %7%9%4%3%5%
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters60.46%60.46%60.46%60.46%60.46%60.46%60.46%60.46%60.46%60.46%60.46%60.46%
FIIs4.19%3.58%3.15%3.63%3.64%3.63%3.63%3.63%3.67%3.69%4.12%4.12%
DIIs0.00%0.00%0.00%0.00%0.00%0.04%0.04%0.39%0.39%0.39%0.39%0.39%
Public35.34%35.96%36.40%35.91%35.91%35.86%35.87%35.52%35.47%35.45%35.02%35.02%
No. of Shareholders8,5037,7077,8977,5028,0327,4357,2616,4126,1046,0315,8815,881

Fundamentals

Market Cap₹ 186 Cr.
Current Price₹ 73.0
Stock P/E1,035
Book Value₹ 39.6
ROCE4.76 %
ROE1.60 %
Dividend Yield0.00 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)-2%
Compounded Profit Growth (TTM)-75%
Consolidated figures.
Valuation
Market capRs 182 Cr
Enterprise valueRs 186 Cr
P/E (TTM)191.60x
Price to book2.15x
Price to sales1.43x
EV / EBITDA23.52x
EV / EBIT39.31x
EV / sales1.45x
Earnings yield0.52%
Dividend yield0.71%
P/E, 3-year average52.69x
P/B, 3-year average2.13x
Profitability
Operating margin (excl. other income)7.57%
Operating margin (incl. other income)9.48%
EBITDA margin6.18%
Pre-tax margin1.79%
Net profit margin0.74%
Net margin, latest quarter0.25%
ROE6.29%
ROCE9.31%
ROA3.51%
ROE, 3-year average9.08%
ROCE, 3-year average10.92%
ROA, 3-year average4.11%
ROIC (approx.)3.93%
Tax rate26.51%
Other income / net worth2.15%
Growth
Sales growth (latest year)18.55%
Profit growth (latest year)-18.57%
Sales CAGR, 3 years28.26%
Profit CAGR, 3 years109.87%
Sales growth QoQ-17.09%
Sales growth YoY (latest quarter)-4.92%
Profit growth YoY (latest quarter)-91.25%
Per share
EPS (TTM)Rs 0.37
EPS (latest year)Rs 1.33
EPS (latest quarter)Rs 0.03
EPS, 3-year averageRs 1.40
Book value per shareRs 32.81
Sales per shareRs 49.50
Cash flow per shareRs -6.58
Free cash flow per shareRs 0.78
Dividend per share (latest year)Rs 0.50
Dividend per share, 3-year averageRs 0.50
Dividends
Dividend payout37.72%
Dividend payout, 3-year average37.72%
Efficiency
Asset turnover0.76x
Fixed asset turnover2.01x
Inventory turnover2.42x
Inventory days151 days
Debtor days62 days
Debtors turnover5.91x
Creditor days42 days
Cash conversion cycle162 days
Working capital days106 days
Leverage
Total debtRs 25 Cr
Cash and bankRs 22 Cr
Net debtRs 4 Cr
Debt to equity0.30x
Net debt / EBITDA0.45x
Interest coverage1.93x
Owners' fund to total sources67.09%
Debt to assets19.86%
Cash flow
Cash from Operating Activity (latest year)Rs -17 Cr
Cash from Investing Activity (latest year)Rs -20 Cr
Cash from Financing Activity (latest year)Rs 46 Cr
Net Cash Flow (latest year)Rs 9 Cr
Free cash flow (latest year)Rs 2 Cr
FCFE (approx.: FCF + change in debt)Rs -3 Cr
Cash from ops / profit, 5 years-0.55x
Statement figures
Net sales (TTM)Rs 128 Cr
Net sales (latest year)Rs 95 Cr
Sales (latest quarter)Rs 28 Cr
Operating profit excl. other income (latest year)Rs 7 Cr
Operating profit (latest quarter)Rs 1 Cr
Other income (TTM)Rs 4 Cr
EBITDA (TTM)Rs 8 Cr
PBDT (TTM)Rs 5 Cr
Profit before tax (TTM)Rs 2 Cr
Tax (latest year)Rs 1 Cr
Net profit (TTM)Rs 1 Cr
Net profit (latest year)Rs 3 Cr
Net profit (latest quarter)Rs 0 Cr
Depreciation (TTM)Rs 3 Cr
Depreciation (latest quarter)Rs 1 Cr
Interest (TTM)Rs 2 Cr
Cost of goods sold (latest year)Rs 62 Cr
Total expenditure (latest year)Rs 88 Cr
Total income (latest year)Rs 97 Cr
Share capitalRs 26 Cr
ReservesRs 59 Cr
Shareholders' fundsRs 85 Cr
Total assetsRs 126 Cr
Net blockRs 47 Cr
Capital work in progressRs 1 Cr
ReceivablesRs 16 Cr
InventoryRs 26 Cr
Other liabilitiesRs 16 Cr
Shares outstanding (crore)2.58
Ownership
Promoter holding60.46% (+0.00 in a year)
Computed by MarketFriction from the consolidated statements. Returns use average balances.
P/B 2.15 is the lowest in 3.4 years (median 11.52).
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.
PeriodAERONEUNifty 50Difference
1 week-12.5%-2.8% -9.7 pts
1 month-9.5%-6.8% -2.7 pts
3 months-23.7%-7.6% -16.0 pts
6 months-8.1%+0.4% -8.5 pts
1 year-30.4%-9.9% -20.5 pts
2 years-22.0%-13.6% -8.4 pts
3 years-30.0%+14.2% -44.2 pts

Red flags

F-score 2 of 8
explainWeak cash conversion Cash from operations was -191% of net profit over the last 3 years
explainHigh accruals Profit exceeded operating cash by 16% of total assets in 2026
explainShare dilution Share count up 65% in a year, 65% in three
lookInventory outrunning sales Inventory grew 64% vs sales +19% in 2026
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 2026
Sales ₹28 Cr -4.9% vs Jun 2025. Net profit ₹0 Cr -90.1%.
Against our estimate for Jun 2026: sales -3.0%, profit -89.3% miss. Our estimate for Sep 2026: sales Rs 34 Cr, profit Rs 0 Cr (how).

Activity

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No bulk or block deals on record.
Ex-dateActionFactor
2024-07-05Annual General Meeting
2023-07-07Dividend - Rs 0.50 Per Share
2023-07-07Annual General Meeting
DateTypeWhat it says
2026-09-29Shareholder meetingNotice of Extraordinary General Meeting of the members of the Company scheduled to be held on Thursday, October 22, 2026.
2026-09-24General UpdatesRelease of Corporate Guarantee
2026-09-23Board meeting outcomeOutcome of the Board Meeting held on Wednesday, September 23, 2026
2026-09-08General UpdatesUpdate on Sale of entire equity stake in Fibcorp Polyweave Private Limited.
2026-08-25General UpdatesModification in the first object of the Preferential issue as stated in the notice of Extra-Ordinary General Meeting dated May 14, 2025.
2026-08-25Shareholder meetingAeroflex Neu Limited has submitted the Exchange a copy Srutinizers report and Voting Results of Annual General Meeting held on August 25, 2026.
2026-08-25AppointmentAppointment of Mr. Arpit Kalani and Mr. Tapan Tanmay Kothari as Non- Executive Independent Director of the company w.e.f. July 15, 2026.
2026-08-25Shareholder meetingProceedings of the 34th Annual General Meeting (AGM) of Aeroflex Neu Limited held on Tuesday, August 25, 2026 at 11.00 AM.
2026-08-03UpdatesIntimation regarding letter dispatched to the shareholders whose e-mail is not registered with the Company/RTA/DPs, containing the weblink of the Comp...
2026-08-03UpdatesThe Register of Members and Share Transfer Books will remain closed from Wednesday, August 19, 2026 to Tuesday, August 25, 2026. (both days inclusive...
2026-08-03Shareholder meetingNotice of 34th Annual General Meeting of the Company
2026-07-29Statement of deviation(s) orStatement of deviation(s) or variation(s) under Reg. 32
2026-07-29Board meeting outcomeAeroflex Neu Limited has submitted to the Exchange, Un-Audited Standalone and Consolidated Financial Results for the quarter ended 30th June, 2026.
2026-07-15Credit Rating- OthersIntimation regarding withdrawal of Credit Rating of the Company by CRISIL Ratings Limited
2026-07-15Change in ManagementChange in Management
2026-07-15Board meeting outcomeOutcome of Board Meeting held on July 15, 2026 inter alia, considered and approved the following matters: 1. Appointment of Mr. Arpit Kalani (DIN: 097...
2026-07-09Credit RatingCredit Rating
2026-05-22General UpdatesInvestment in Equity Shares of Stilonn Valves and Controls Private Limited.
2026-05-21Disclosure under SEBI TakeovAeroflex Neu Limited has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of India (Substant...
2026-05-18AcquisitionThe Board of directors has approved the investment in M/s. Stilonn Valves and Controls Private Limited by way of subscribing 2,43,400 (Two Lakhs Forty...
2026-05-08Statement of deviation(s) orStatement of deviation(s) or variation(s) under Reg. 32
2026-05-08AppointmentRe-appointment of M/s. A. Modi & Co., Chartered Accountants as the Internal Auditor of the Company for the FY 2026-27.
2026-05-08Board meeting outcomeAudited Financial Results (Standalone and Consolidated) for the quarter and financial year ended March 31, 2026
2026-05-07Disclosure under SEBI TakeovSat Invest Private Ltd has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of India (Substa...
2026-04-03UpdatesDisclosure In Compliance With Regulation 31(4) SEBI (Substantial Acquisition Of Shares And Takeovers) Regulations, 2011 For The Financial Year Ended O...
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.
Scrip PE is greater than 50 (4 trailing quarters)

Quick answers

What is the market cap of Aeroflex Neu Ltd?

Aeroflex Neu Ltd (AERONEU) has a market capitalisation of Rs 186 Cr. at the 2026-10-01 close.

What is the P/E ratio of Aeroflex Neu Ltd?

Aeroflex Neu Ltd trades at a P/E of 1,035 on trailing twelve-month profit, at the 2026-10-01 close.

What were Aeroflex Neu Ltd's latest quarterly results?

In the Jun 2026 quarter, Aeroflex Neu Ltd sales was Rs 28 Cr (-4.9% vs Jun 2025) and net profit was Rs 0 Cr.

What is the 52-week high and low of Aeroflex Neu Ltd?

The 52-week high is Rs 105.50 and the 52-week low is Rs 63.21.

Data: NSE and BSE daily reports, company filings. Numbers only, not investment advice, not a SEBI-registered research service.AboutMethodologyFAQResearchContactTermsPrivacyDisclaimerUpdated 2026-10-03