Is Aeroflex Industries a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Aeroflex Industries Ltd is a average quality company .

Is Aeroflex Industries undervalued or overvalued?

The key valuation ratios of Aeroflex Industries Ltd's currently when compared to its past seem to suggest it is in the Somewhat overvalued zone .

What is Aeroflex Industries share price return in the past 10 years?

Data is not available for this company

Is Aeroflex Industries a good buy now?

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

Aeroflex Industries Ltd - Stock Valuation and Financial Performance

Name: Aeroflex Industries
Brand: Aeroflex Industries

BSE: 543972 | NSE: AEROFLEX | Engineering - Industrial Equipments | Small Cap

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Aeroflex Industries Share Price

₹157.50 2.75 1.78%
as on 26-Jul'24 16:01

10 Year X-Ray of Aeroflex Industries:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Standalone Basis ^P Consolidated Basis ^P

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Value Creation ⓘ

Value Creation Index Colour Code Guide ⓘ

	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	TTM
ROCE % ⓘ	0.8%	3.1%	6.3%	3.5%	14.5%	13%	12%	26.8%	24.5%	19.4%	-
Value Creation Index ⓘ	NA	NA	NA	-0.8	0.0	-0.1	-0.1	0.9	0.8	0.4	-
Growth Parameters ⓘ Growth Parameters Colour Code Guide ⓘ
Sales ⓘ	88	102	105	114	140	144	145	241	269	318	318
Sales YoY Gr.	-	15.4%	3.1%	8.6%	23.6%	2.8%	0.3%	66.4%	11.9%	18%	-
Adj EPS ⓘ	-3.2	-2.4	-1.3	0	0.6	0.6	0.6	2.4	2.8	3.3	3.2
YoY Gr.	-	NA	NA	NA	3000%	1.6%	0%	277.8%	18.5%	15.3%	-
BVPS (₹) ⓘ	-35.2	-37.6	-38.9	5.6	4.2	4.6	5.1	7.5	10	22.7	22.7
Adj Net Profit ⓘ	-11.2	-8.4	-4.5	0.1	7.1	7.2	7.2	27.2	32.3	42.1	42
Cash Flow from Ops. ⓘ	16.3	20.1	-5.2	-5.4	2.8	12.9	12	32.2	7.3	43.9	-
Debt/CF from Ops. ⓘ	12.5	10.8	-44	-14.4	25.7	4.9	4.4	1.2	6.2	0	-

CAGR ⓘ

CAGR Colour Code Guide ⓘ

	9 Years	5 Years	3 Years	1 Years
Sales ⓘ	15.3%	17.8%	30%	18%
Adj EPS ⓘ	NA	39.3%	72.8%	15.3%
BVPSⓘ	NA	40.3%	64%	127.7%
Share Price	-	-	-	-

Key Financial Parameters ⓘ

Performance Ratio Colour Code Guide ⓘ

	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	TTM
Return on Equity % ⓘ	11.6	7.9	4	-0.2	16.1	14.4	12.9	37.5	32.2	20.7	14.2
Op. Profit Mgn % ⓘ	10.2	10.8	15.9	8.8	16.8	15.3	15.7	19.6	19.8	19.8	19.5
Net Profit Mgn % ⓘ	-12.8	-8.3	-4.3	0.1	5.1	5	5	11.3	12	13.2	13.1
Debt to Equity ⓘ	-2	-2	-2	1.9	1.5	1.2	0.9	0.5	0.4	0	0
Working Cap Days ⓘ	199	205	236	251	244	252	255	179	185	190	153
Cash Conv. Cycle ⓘ	59	45	46	53	53	50	42	49	79	90	110

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 29.98%

Net Profit is growing at healthy rate in last 3 years 72.79%

Sales growth is good in last 4 quarters at 11.33%

Return on Equity has declined versus last 3 years average to 14.20%

Latest Financials - Aeroflex Industries Ltd.

	Standalone	Consolidated
TTM EPS (₹)	3.2	3.2
TTM Sales (₹ Cr.)	318	318
BVPS (₹.) ⓘ	22.7	22.7
Reserves (₹ Cr.) ⓘ	267	267
P/BV ⓘ	6.96	6.96
PE ⓘ	48.89	48.91

From the Market
52 Week Low / High (₹)	114.40 / 197.40
All Time Low / High (₹)	114.40 / 197.40
Market Cap (₹ Cr.)	2,041
Equity (₹ Cr.)	25.9
Face Value (₹)	2
Industry PE ⓘ	68.5

Management X-Ray of Aeroflex Industries:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

0.00

* Pledged shares as % of Promoter's holding (%)

Valuation of Aeroflex Industries

Price Calculator

Price Chart

Price to Earnings

Enterprise Value to EBIT

Price to Book-Value

Price to Sales

Dividend History

Analyst's Notes

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Key Ratios of Aeroflex Industries

Standalone Basis Consolidated Basis

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Sales	88	101	105	114	140	144	145	241	269	318
Operating Expenses ⓘ	79	91	88	104	117	122	122	194	216	256
Manufacturing Costs	8	10	5	6	6	7	8	10	4	5
Material Costs	60	66	67	75	91	95	94	156	171	201
Employee Cost	5	7	8	9	11	13	13	18	23	26
Other Costs ⓘ	6	8	7	14	8	7	8	10	19	23
Operating Profit ⓘ	9	11	17	10	24	22	23	47	53	62
Operating Profit Margin (%)	10.2%	10.8%	15.9%	8.8%	16.8%	15.3%	15.7%	19.6%	19.8%	19.6%
Other Income ⓘ	4	3	0	0	0	1	0	0	0	4
Interest ⓘ	17	16	16	6	15	12	9	7	4	3
Depreciation ⓘ	7	5	5	4	4	4	4	4	5	6
Exceptional Items ⓘ	0	0	0	0	0	-4	-2	0	-3	0
Profit Before Tax ⓘ	-11	-8	-5	0	5	4	8	37	41	57
Tax ⓘ	0	0	0	0	-2	-1	2	9	11	16
Profit After Tax	-11	-8	-5	0	7	5	6	28	30	42
PAT Margin (%)	-12.2%	-8.3%	-4.3%	0.1%	5.0%	3.3%	4.2%	11.4%	11.2%	13.1%
Adjusted EPS (₹)	-3.1	-2.4	-1.3	0.0	0.6	0.4	0.5	2.4	2.6	3.2
Dividend Payout Ratio (%)	0%	0%	0%	0%	0%	0%	0%	8%	8%	8%

Balance Sheet

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Equity and Liabilities
Shareholders Fund	-102	-111	-115	40	48	53	59	86	114	293
Share Capital ⓘ	28	28	28	28	23	23	23	23	23	26
Reserves ⓘ	-130	-139	-143	12	25	30	36	63	91	267
Minority Interest	0	0	0	0	0	0	0	0	0	0
Debt	203	217	230	78	69	58	43	25	27	0
Long Term Debt	0	0	0	0	41	38	35	21	20	0
Short Term Debt	203	217	230	78	28	21	8	4	7	0
Trade Payables	13	17	16	20	24	34	40	34	37	55
Others Liabilities ⓘ	1	2	7	8	10	9	19	38	37	27
Total Liabilities ⓘ	114	125	138	147	151	154	161	184	214	375
Fixed Assets
Gross Block	111	112	115	106	109	103	106	113	128	161
Accumulated Depreciation	52	57	62	59	63	59	62	66	72	78
Net Fixed Assetsⓘ	59	55	53	48	47	44	43	46	56	83
CWIP ⓘ	0	0	0	0	0	0	0	7	1	5
Investmentsⓘ	0	0	0	0	0	0	0	0	0	0
Inventories	12	10	9	14	26	32	34	36	56	59
Trade Receivables	17	22	27	31	27	28	33	53	67	95
Cash Equivalents ⓘ	1	3	8	8	3	5	3	8	6	105
Others Assetsⓘ	24	34	40	47	49	45	46	34	28	27
Total Assets ⓘ	114	125	138	147	151	154	161	184	214	375

Cash Flow

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Cash Flow From Operating Activity ⓘ	16	20	-5	-5	3	13	12	32	7	44
PBT ⓘ	-11	-8	-5	0	5	4	8	37	41	57
Adjustment ⓘ	24	22	5	4	4	4	4	-4	-2	-9
Changes in Working Capital ⓘ	4	6	-6	-10	-6	5	0	-1	-32	-4
Tax Paid ⓘ	0	0	0	0	0	0	0	0	0	0
Cash Flow From Investing Activity ⓘ	-1	-1	-3	2	-3	-1	-3	-13	-10	-35
Capex	-1	-1	-3	2	-3	-1	-3	-13	-9	-38
Net Investments	0	0	0	0	0	0	0	0	0	0
Others ⓘ	0	0	0	0	0	0	0	0	0	3
Cash Flow From Financing Activityⓘ	-17	-16	13	3	-5	-10	-10	-14	0	90
Net Proceeds from Shares ⓘ	0	0	0	0	0	0	0	0	0	162
Net Proceeds from Borrowing ⓘ	0	0	0	0	41	-3	-2	-14	-1	-20
Interest Paid ⓘ	-17	-16	0	0	0	0	0	0	-3	-2
Dividend Paid ⓘ	0	0	0	0	0	0	0	0	-2	-2
Others ⓘ	0	0	13	3	-46	-6	-8	0	7	-48
Net Cash Flow ⓘ	-2	2	5	0	-5	2	-1	5	-2	99

Finance Ratio

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Ratios
ROE (%)	N/A	N/A	N/A	0	21.1	9.39	10.8	38.09	30.18	20.51
ROCE (%)	N/A	N/A	N/A	5.08	16.42	12.83	15.21	36.76	31.68	26.49
Asset Turnover Ratio	0.81	0.89	0.84	0.86	0.97	0.98	1	1.4	1.36	1.08
PAT to CFO Conversion(x)	N/A	N/A	N/A	N/A	0.43	2.6	2	1.14	0.23	1.05
Working Capital Days
Receivable Days	62	67	82	87	73	67	72	65	81	93
Inventory Days	49	39	32	34	50	70	77	53	62	66
Payable Days	72	81	90	89	89	112	144	87	76	83

Aeroflex Industries Ltd Stock News

Aeroflex Industries Ltd FAQs

What is the share price of Aeroflex Industries?

Company share prices are keep on changing according to the market conditions. The closing price of Aeroflex Industries on 26-Jul-2024 16:01 is ₹157.5.

What is the market cap of Aeroflex Industries?

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 26-Jul-2024 16:01 the market cap of Aeroflex Industries stood at ₹2,041.3.

What is the P/E ratio of Aeroflex Industries?

The latest P/E ratio of Aeroflex Industries as of 26-Jul-2024 16:01 is 48.89.

What is the P/B ratio of Aeroflex Industries?

The latest P/B ratio of Aeroflex Industries as of 26-Jul-2024 16:01 is 6.96.

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

The 52-week high of Aeroflex Industries is ₹197.4 and the 52-week low is ₹114.4.

What is the TTM revenue of Aeroflex Industries?

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Aeroflex Industries is ₹317.8 ( Cr.) .

About Aeroflex Industries Ltd

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

Stainless steel corrugated flexible hoses (with and without braiding)
Stainless steel braiding
Stainless steel interlock hoses
Assemblies

Awards and accreditations

2009: Certificate for participation in INDEE-Brazil 2009.
2009: Certificate for participation in Mercopar 2009.
2009: Export Excellence certificate for outstanding contribution to engineering exports.
2023: Best Mid-size Enterprise of the year.
2023: Best work place wellness programme.
2023: Certificate dated July 13, 2023 from Maharashtra State Best Employer Brand Awards 2023.

History and milestone

1993: Incorporation of the company as a private company with the name ‘Suyog Intermediates Private Limited’.
2007: ‘One Star Export House’ certification received from Government of India.
2011: Tie-up with ‘Victaulic U.S.A.’
2014: Entry of the company into the Chinese market.
2015-2016: Export operations of the company extended beyond fifty countries.
2015-2016: Company surpassed a gross turnover of Rs 100 crore.
2019: Incorporation of its U.K. Subsidiary.
2020: Development of ‘Turbine Hose Assemblies’.
2020: Export operations of the company extended beyond eighty countries.
2021-2022: ‘Two Star Export House’ certification received from Government of India.
2022: Company surpassed gross turnover of Rs 200 crore recording a growth of 66.03% compared to previous Fiscal.
2022: Great Place to Work certificate issued by Great Place to Work Institute, India.