Aeroflex Industries Ltd - Stock Valuation and Financial Performance

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

Aeroflex Industries Ltd Share Price

150.55 2.60 1.76%
as on 23-Feb'24 16:59

DeciZen - make an informed investing decision on Aeroflex Industries

Overall Rating
Bole Toh

1. Quality

2. Valuation

Somewhat overvalued

3. Price Trend

Semi Strong

Aeroflex Industries stock performance -

mw4me loader
P/E Ratio (SA):
64.56
Market Cap:
1,946.9 Cr.
52-wk low:
140.9
52-wk high:
197.4

Is Aeroflex Industries Ltd an attractive stock to invest in?

1. Is Aeroflex Industries Ltd a good quality company?

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

2. Is Aeroflex Industries Ltd 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.

3. Is Aeroflex Industries Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Aeroflex Industries Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.

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

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

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Aeroflex Industries Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Value Creation Index Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % -45.7%0.8%3.1%6.3%3.5%14.5%13%12%26.8%25.1%-
Value Creation
Index
NANANANA-0.80.0-0.1-0.10.90.8-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 70.788102105114140144145241269269
Sales YoY Gr.-24.4%15.4%3.1%8.6%23.6%2.8%0.3%66.4%11.9%-
Adj EPS -16.4-3.2-2.4-1.300.60.60.62.42.82.3
YoY Gr.-NANANANA3000%1.6%0%277.8%18.5%-
BVPS (₹) -32.1-35.2-37.6-38.95.64.24.65.17.59.821.8
Adj Net
Profit
-57.4-11.2-8.4-4.50.17.17.27.227.232.330
Cash Flow from Ops. 21.216.320.1-5.2-5.42.812.91232.23.8-
Debt/CF from Ops. 912.510.8-44-14.425.74.94.41.211.7-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 16%18.8%23.1%11.9%
Adj EPS NA169.1%64.8%18.5%
BVPSNA12.1%28.7%31.5%
Share Price - - - -

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
91.611.67.94-0.216.114.412.937.532.214.8
Op. Profit
Mgn %
-50.510.210.815.98.816.815.315.719.620.218.6
Net Profit
Mgn %
-81.2-12.8-8.3-4.30.15.15511.31211.2
Debt to
Equity
-2.1-2-2-21.91.51.20.90.50.4-
Working Cap
Days
22819920523625124425225517818372
Cash Conv.
Cycle
8658454550514738478053

Recent Performance Summary

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%

Latest Financials - Aeroflex Industries Ltd.

Standalone Consolidated
TTM EPS (₹) 2.3 2.3
TTM Sales (₹ Cr.) 269 269
BVPS (₹.) 21.8 21.7
Reserves (₹ Cr.) 257 257
P/BV 6.92 6.93
PE 64.56 64.57
From the Market
52 Week Low / High (₹) 140.90 / 197.40
All Time Low / High (₹) 140.90 / 197.40
Market Cap (₹ Cr.) 1,947
Equity (₹ Cr.) 25.9
Face Value (₹) 2
Industry PE 47

Management X-Ray of Aeroflex Industries:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Aeroflex Industries

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Balance Sheet

(All Figures are in Crores.)

Profit And Loss

(All Figures in Cr. Adjusted EPS in Rs.)

Cash Flow

(All Figures are in Crores.)

Aeroflex Industries Ltd Stock News

Aeroflex Industries Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Aeroflex Industries on 23-Feb-2024 16:59 is ₹150.6.
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 23-Feb-2024 16:59 the market cap of Aeroflex Industries stood at ₹1,946.9.
The latest P/E ratio of Aeroflex Industries as of 23-Feb-2024 16:59 is 64.56.
The latest P/B ratio of Aeroflex Industries as of 23-Feb-2024 16:59 is 6.92.
The 52-week high of Aeroflex Industries is ₹197.4 and the 52-week low is ₹140.9.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Aeroflex Industries is ₹269.4 ( 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.

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