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BSE: 543972 | NSE: AEROFLEX | Engineering - Industrial Equipments | Small Cap
Past 10 year's financial track record analysis by Moneyworks4me indicates that Aeroflex Industries Ltd is a average quality company.
The key valuation ratios of Aeroflex Industries Ltd's currently when compared to its past seem to suggest it is in the Fair zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Strong which suggest that the price of Aeroflex Industries Ltd is likely to Rise in the short term. However, please check the rating on Quality and Valuation before investing
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
| Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | -45.7% | 0.8% | 3.1% | 6.3% | 3.5% | 14.5% | 13% | 12% | 26.8% | 25.1% | - |
| Value Creation Index ⓘ | NA | NA | NA | NA | -0.8 | 0.0 | -0.1 | -0.1 | 0.9 | 0.8 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | |||||||||||
| Sales ⓘ | 70.7 | 88 | 102 | 105 | 114 | 140 | 144 | 145 | 241 | 269 | 269 |
| Sales YoY Gr. | - | 24.4% | 15.4% | 3.1% | 8.6% | 23.6% | 2.8% | 0.3% | 66.4% | 11.9% | - |
| Adj EPS ⓘ | -16.4 | -3.2 | -2.4 | -1.3 | 0 | 0.6 | 0.6 | 0.6 | 2.4 | 2.8 | 2.3 |
| YoY Gr. | - | NA | NA | NA | NA | 3000% | 1.6% | 0% | 277.8% | 18.5% | - |
| BVPS (₹) ⓘ | -32.1 | -35.2 | -37.6 | -38.9 | 5.6 | 4.2 | 4.6 | 5.1 | 7.5 | 9.8 | 21.8 |
| Adj Net Profit ⓘ | -57.4 | -11.2 | -8.4 | -4.5 | 0.1 | 7.1 | 7.2 | 7.2 | 27.2 | 32.3 | 30 |
| Cash Flow from Ops. ⓘ | 21.2 | 16.3 | 20.1 | -5.2 | -5.4 | 2.8 | 12.9 | 12 | 32.2 | 3.8 | - |
| Debt/CF from Ops. ⓘ | 9 | 12.5 | 10.8 | -44 | -14.4 | 25.7 | 4.9 | 4.4 | 1.2 | 11.7 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | 16% | 18.8% | 23.1% | 11.9% | ||||
| Adj EPS ⓘ | NA | 169.1% | 64.8% | 18.5% | ||||
| BVPSⓘ | NA | 12.1% | 28.7% | 31.5% | ||||
| Share Price | - | - | - | - | ||||
Performance Ratio Colour Code Guide ⓘ
| Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | 91.6 | 11.6 | 7.9 | 4 | -0.2 | 16.1 | 14.4 | 12.9 | 37.5 | 32.2 | 14.8 |
| Op. Profit Mgn % ⓘ | -50.5 | 10.2 | 10.8 | 15.9 | 8.8 | 16.8 | 15.3 | 15.7 | 19.6 | 20.2 | 18.6 |
| Net Profit Mgn % ⓘ | -81.2 | -12.8 | -8.3 | -4.3 | 0.1 | 5.1 | 5 | 5 | 11.3 | 12 | 11.2 |
| Debt to Equity ⓘ | -2.1 | -2 | -2 | -2 | 1.9 | 1.5 | 1.2 | 0.9 | 0.5 | 0.4 | - |
| Working Cap Days ⓘ | 228 | 199 | 205 | 236 | 251 | 244 | 252 | 255 | 178 | 183 | 72 |
| Cash Conv. Cycle ⓘ | 86 | 58 | 45 | 45 | 50 | 51 | 47 | 38 | 47 | 80 | 53 |
Sales growth is growing at healthy rate in last 3 years 23.12%
Net Profit is growing at healthy rate in last 3 years 64.80%
Debt to equity has declined versus last 3 years average to 0.40
Return on Equity has declined versus last 3 years average to 14.80%
Sales growth is not so good in last 4 quarters at 8.59%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 2.3 | 2.3 |
| TTM Sales (₹ Cr.) | 269 | 269 |
| BVPS (₹.) ⓘ | 21.8 | 21.7 |
| Reserves (₹ Cr.) ⓘ | 257 | 257 |
| P/BV ⓘ | 6.81 | 6.81 |
| PE ⓘ | 63.53 | 63.54 |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 114.40 / 197.40 |
| All Time Low / High (₹) | 114.40 / 197.40 |
| Market Cap (₹ Cr.) | 1,916 |
| Equity (₹ Cr.) | 25.9 |
| Face Value (₹) | 2 |
| Industry PE ⓘ | 52 |
| Pledged * | 0.00 | 0.00 | 0.00 |
| PARTICULARS | Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 71 | 88 | 101 | 105 | 114 | 140 | 144 | 145 | 241 | 269 |
| Operating Expenses ⓘ | 106 | 79 | 91 | 88 | 104 | 117 | 122 | 122 | 194 | 215 |
| Manufacturing Costs | 6 | 6 | 10 | 3 | 3 | 3 | 4 | 3 | 4 | 4 |
| Material Costs | 51 | 60 | 66 | 67 | 75 | 91 | 95 | 94 | 156 | 170 |
| Employee Cost | 5 | 5 | 7 | 8 | 9 | 11 | 13 | 13 | 18 | 23 |
| Other Costs ⓘ | 45 | 8 | 8 | 9 | 17 | 12 | 11 | 12 | 16 | 18 |
| Operating Profit ⓘ | -36 | 9 | 11 | 17 | 10 | 24 | 22 | 23 | 47 | 54 |
| Operating Profit Margin (%) | -50.5% | 10.2% | 10.8% | 15.9% | 8.8% | 16.8% | 15.3% | 15.7% | 19.6% | 20.2% |
| Other Income ⓘ | 2 | 4 | 3 | 0 | 0 | 0 | 1 | 0 | 0 | 0 |
| Interest ⓘ | 17 | 17 | 16 | 16 | 6 | 15 | 12 | 9 | 7 | 5 |
| Depreciation ⓘ | 7 | 7 | 5 | 5 | 4 | 4 | 4 | 4 | 4 | 5 |
| Exceptional Items ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | -4 | -2 | 0 | -3 |
| Profit Before Tax ⓘ | -57 | -11 | -8 | -5 | 0 | 5 | 4 | 8 | 37 | 41 |
| Tax ⓘ | 0 | 0 | 0 | 0 | 0 | -2 | -1 | 2 | 9 | 11 |
| Profit After Tax | -57 | -11 | -8 | -5 | 0 | 7 | 5 | 6 | 28 | 30 |
| PAT Margin (%) | -81.2% | -12.2% | -8.3% | -4.3% | 0.1% | 5.0% | 3.3% | 4.2% | 11.4% | 11.2% |
| Adjusted EPS (₹) | -16.4 | -3.1 | -2.4 | -1.3 | 0.0 | 0.6 | 0.4 | 0.5 | 2.4 | 2.6 |
| Dividend Payout Ratio (%) | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 8% | 8% |
| PARTICULARS | Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 |
|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | ||||||||||
| Shareholders Fund | -91 | -102 | -111 | -115 | 40 | 48 | 53 | 59 | 86 | 114 |
| Share Capital ⓘ | 28 | 28 | 28 | 28 | 28 | 23 | 23 | 23 | 23 | 23 |
| Reserves ⓘ | -119 | -130 | -139 | -143 | 12 | 25 | 30 | 36 | 63 | 91 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debt | 190 | 203 | 217 | 230 | 78 | 73 | 63 | 53 | 39 | 45 |
| Long Term Debt | 0 | 0 | 0 | 0 | 0 | 41 | 38 | 35 | 21 | 20 |
| Short Term Debt | 190 | 203 | 217 | 230 | 78 | 32 | 26 | 18 | 18 | 25 |
| Trade Payables | 11 | 13 | 17 | 16 | 20 | 24 | 34 | 40 | 34 | 37 |
| Others Liabilities ⓘ | 7 | 1 | 2 | 7 | 8 | 6 | 4 | 9 | 24 | 18 |
| Total Liabilities ⓘ | 116 | 114 | 125 | 138 | 147 | 151 | 154 | 161 | 184 | 214 |
Fixed Assets | ||||||||||
| Gross Block | 110 | 111 | 112 | 115 | 106 | 109 | 103 | 106 | 113 | 134 |
| Accumulated Depreciation | 45 | 52 | 57 | 62 | 59 | 63 | 59 | 62 | 66 | 78 |
| Net Fixed Assetsⓘ | 65 | 59 | 55 | 53 | 48 | 47 | 44 | 43 | 46 | 56 |
| CWIP ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 7 | 1 |
| Investmentsⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Inventories | 13 | 12 | 10 | 9 | 14 | 26 | 32 | 34 | 36 | 56 |
| Trade Receivables | 15 | 17 | 22 | 27 | 31 | 27 | 28 | 33 | 53 | 67 |
| Cash Equivalents | 3 | 1 | 3 | 8 | 8 | 3 | 5 | 3 | 8 | 6 |
| Others Assetsⓘ | 21 | 24 | 34 | 40 | 47 | 49 | 45 | 46 | 34 | 28 |
| Total Assets ⓘ | 116 | 114 | 125 | 138 | 147 | 151 | 154 | 161 | 184 | 214 |
| PARTICULARS | Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ | 21 | 16 | 20 | -5 | -5 | 3 | 13 | 12 | 32 | 4 |
| PBT ⓘ | -57 | -11 | -8 | -5 | 0 | 5 | 4 | 8 | 37 | 41 |
| Adjustment ⓘ | 24 | 24 | 22 | 5 | 4 | 4 | 4 | 4 | -4 | -6 |
| Changes in Working Capital ⓘ | 54 | 4 | 6 | -6 | -10 | -6 | 5 | 0 | -1 | -32 |
| Tax Paid ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash Flow From Investing Activity ⓘ | -3 | -1 | -1 | -3 | 2 | -3 | -1 | -3 | -13 | -10 |
| Capex | -3 | -1 | -1 | -3 | 2 | -3 | -1 | -3 | -13 | -9 |
| Net Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Others ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash Flow From Financing Activityⓘ | -17 | -17 | -16 | 13 | 3 | -5 | -10 | -10 | -14 | 4 |
| Net Proceeds from Shares ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Proceeds from Borrowing ⓘ | 0 | 0 | 0 | 0 | 0 | 41 | -3 | -2 | -14 | -1 |
| Interest Paid ⓘ | -17 | -17 | -16 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividend Paid ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -2 |
| Others ⓘ | 0 | 0 | 0 | 13 | 3 | -46 | -6 | -8 | 0 | 7 |
| Net Cash Flow ⓘ | 2 | -2 | 2 | 5 | 0 | -5 | 2 | -1 | 5 | -2 |
| PARTICULARS | Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | N/A | N/A | N/A | N/A | 0 | 21.1 | 9.39 | 10.8 | 38.24 | 30.52 |
| ROCE (%) | N/A | N/A | N/A | N/A | 5.08 | 16.42 | 12.83 | 15.21 | 36.85 | 32.73 |
| Asset Turnover Ratio | 0.65 | 0.81 | 0.89 | 0.84 | 0.86 | 0.97 | 0.98 | 1 | 1.4 | 1.36 |
| PAT to CFO Conversion(x) | N/A | N/A | N/A | N/A | N/A | 0.43 | 2.6 | 2 | 1.14 | 0.13 | Working Capital Days |
| Receivable Days | 69 | 62 | 67 | 82 | 87 | 73 | 67 | 72 | 65 | 81 |
| Inventory Days | 64 | 49 | 39 | 32 | 34 | 50 | 70 | 77 | 53 | 62 |
| Payable Days | 65 | 72 | 81 | 90 | 89 | 89 | 112 | 144 | 87 | 76 |
Aeroflex Industries was originally incorporated as ‘Suyog Intermediates Private Limited’ as a private limited company under the Companies Act, 1956 with the Registrar of Companies, Maharashtra, Mumbai vide certificate of incorporation dated October 19, 1993. Pursuant to special resolution passed by shareholders of the company in extra-ordinary general meeting dated October 03, 1998, the name of the company was changed to ‘Aeroflex Industries Private Limited’ and a fresh certificate of incorporation dated October 28, 1998 was issued by Registrar of Companies Maharashtra, Mumbai. Subsequently, pursuant to a special resolution passed by shareholders of the company in the extra-ordinary general meeting dated July 25, 2006 the company was converted from a private limited company to a public limited company and consequently the name of the company was changed to ‘Aeroflex Industries Limited’, and a fresh certificate of incorporation dated August 23, 2006 was issued to the company by the Registrar of Companies, Maharashtra, Mumbai.
It is manufacturers and suppliers of environment friendly metallic flexible flow solution products including braided hoses, unbraided hoses, solar hoses, gas hoses, vacuum hoses, braiding, interlock hoses, hose assemblies, lancing hose assemblies, jacketed hose assemblies, exhaust connectors, exhaust gas recirculation (EGR) tubes, expansion bellows, compensators and related end fittings collectively known as flexible flow solutions catering to global as well as domestic markets. It exports its products to many countries including Europe, USA and others.
Flexible flow solutions play a critical role in transfer of substances (air, liquid and solid) in any industrial or commercial ecosystem, connecting the origin and end points of various processes. For example, flow solution products are required in fire sprinklers, gas supply, flow of air (conditioned / controlled) in aircrafts, fueling and hydraulics in aircrafts. Its capabilities to provide customised solutions up to the assemblies level enable it to tap flexible flow solutions value chain. Its product categories include braided hoses, unbraided hoses, solar hoses, gas hoses, vacuum hoses, braiding, interlock hoses, hose assemblies, lancing hose assemblies, jacketed hose assemblies, exhaust connectors, exhaust gas recirculation (EGR) tubes, expansion bellows, compensators and related end fittings.
Business area of the company
The company is engaged in manufacturing of stainless steel, flexible hose with braiding and without braiding and assemblies.
Products of the company
Awards and accreditations
History and milestone
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Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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