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About
Aztec Fluids & Machinery Ltd (544177)
Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 544177 NSE: Engineering - Industrial Equipments | Small Cap | Aztec Fluids & Mach. Share Price
₹95.52 -1.48 (-1.53%)
As on 01-Sep'26 16:59
Aztec Fluids & Machinery Ltd (544177)
Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 544177 NSE: Engineering - Industrial Equipments | Small Cap | Aztec Fluids & Mach. Share Price
₹95.52 -1.48 (-1.53%)
As on 01-Sep'26 16:59
Key Metrics
Valuation Multiples
Market Cap
₹137 Cr.
Current Price
₹95.5
52-Week Low / High
₹82 / 128
TTM EPS
₹5.6
TTM Sales
₹83.4 Cr.
Book Value per Share
₹42.4
P/E Ratio
17.97
In line with its 5-year historical median
Industry PE
58
Price to Book (P/B)
2.38
Lower than its 5-year historical median
Price to Sales (P/S)
1.65
Lower than its 5-year historical median
EV/EBITDA
11.58
Lower than its 5-year historical median
Dividend Yield
0%
Profitability Efficiency
Return on Equity (ROE)
14.21%
Outperforms industry median
Return on Capital Employed (ROCE)
18.19%
Outperforms industry median
Return on Assets (ROA)
8.94%
Operating Profit Margin
14.2%
Net Profit Margin
9.17%
Gross Profit Margin
14.3%
Growth Momentum
1-yr vs 3-yr growth
1-yr vs 3-yr growth
Sales Growth (1 Year)
Slowing versus 3-year growth rate
12.87%
Operating Profit Growth (1 Year)
Improving versus 3-year growth rate
35.71%
Net Profit Growth (1 Year)
Slowing versus 3-year growth rate
3.8%
Asset Quality
Promoter Holding
74.76%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹44 Cr.
Equity
₹13.6 Cr.
Face Value
₹10
All Time Low / High
₹63.00 / 135.00
Check Before You Invest
Quality
Very GoodValuation
FairCheck Valuation charts
Price Trend
Weak
Is Aztec Fluids & Machinery Ltd a good quality company?
Aztec Fluids & Machinery Ltd is a good quality company, based on a consistently good multi-year financial track record.
This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.
We have analysed the performance of the company on the following:
-
How has it performed on generating Profits?
By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.
-
How efficiently has it utilized Capital?
By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.
-
How is it managing its Debt?
By checking its Debt to Equity and Cash Flow from Operations.
How does Aztec Fluids & Machinery Ltd performance compare with that of its Peers?
Revenue growth of Aztec Fluids & Machinery Ltd vs industry peers?
Aztec Fluids & Machinery Ltd revenue CAGR is 19.72%, compared to the industry median CAGR of 5.77%, indicating faster growth and gaining its market share.
Promoter shareholding and pledge status of Aztec Fluids & Machinery Ltd?
Promoters hold 74.76% of the Aztec Fluids & Machinery Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Stock return of Aztec Fluids & Machinery Ltd over the last decade?
Over the last 1 year(s), the stock has delivered a CAGR of 15.07% based on the current price.
10 Year X-Ray :
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 endData adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
What is a Financial Track Record? How to read this chart in order to understand the data present here?
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.
Aztec Fluids & Machinery Ltd has performed well in majority of the past ten years indicating its past ten year financial track record is very good
Value Creation ⓘ
| Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 | TTM | |
|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | 27.1% | 27.6% | 24% | 35.4% | 24.8% | 18.2% | - |
| Value Creation Index ⓘ | 0.9 | 1.0 | 0.7 | 1.5 | 0.8 | 0.3 | - |
Growth Parameters ⓘ |
|||||||
| Sales ⓘ | 33.9 | 45.7 | 54.3 | 67.7 | 73.9 | 83.4 | 83 |
| Sales YoY Gr. | - | 34.9% | 18.7% | 24.7% | 9.2% | 12.9% | - |
| Adj EPS ⓘ | 2.1 | 2.9 | 3.4 | 5.5 | 4.7 | 5.9 | 5.6 |
| YoY Gr. | - | 40% | 14.6% | 61.7% | -13% | 24.7% | - |
| BVPS (₹) ⓘ | 9.6 | 12.4 | 15.5 | 21.4 | 36.8 | 42.4 | 42.4 |
| Adj Net Profit ⓘ | 2.1 | 2.9 | 3.4 | 5.5 | 6.5 | 8 | 8 |
| Cash Flow from Ops. ⓘ | 0.1 | 1.8 | 4.1 | 4.8 | 1.2 | 2.6 | - |
| Debt/CF from Ops. ⓘ | 65.6 | 3.1 | 1.4 | 1.5 | 4.2 | 3.3 | - |
CAGR ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | NA | 19.7% | 15.4% | 12.9% | ||||
| Adj EPS ⓘ | NA | 23% | 20.6% | 24.7% | ||||
| BVPSⓘ | NA | 34.6% | 40% | 15.3% | ||||
| Share Price | - | - | - | 15.1% | ||||
Key Financial Parameters ⓘ
| Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 | TTM | |
|---|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | 21.9 | 26.8 | 24.2 | 29.6 | 18.1 | 15 | 13.3 |
| Op. Profit Mgn % ⓘ | 10.6 | 9 | 9.3 | 11.4 | 11.2 | 14.2 | NAN |
| Net Profit Mgn % ⓘ | 6.2 | 6.4 | 6.2 | 8.1 | 8.7 | 9.7 | 9.2 |
| Debt to Equity ⓘ | 0.5 | 0.5 | 0.4 | 0.3 | 0.1 | 0.2 | - |
| Working Cap Days ⓘ | 0 | 139 | 131 | 128 | 170 | 210 | 0 |
| Cash Conv. Cycle ⓘ | 0 | 32 | 20 | 6 | 24 | 30 | 0 |
Valuation of Aztec Fluids & Mach. - Standalone
Analyst's Notes
No data found!
Management X-Ray
Shareholding Pattern
Promoter's Holding & Share Pledging
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 |
* Pledged shares as % of Promoter's holding (%)
Financials
| PARTICULARS | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 |
|---|---|---|---|---|---|---|
| Sales | 34 | 46 | 54 | 68 | 74 | 83 |
| Operating Expenses ⓘ + | 30 | 42 | 50 | 60 | 66 | 72 |
| Operating Profit ⓘ | 4 | 4 | 5 | 8 | 8 | 11 |
| Operating Profit Margin (%) | 10.6% | 9.0% | 8.7% | 11.4% | 11.2% | 13.4% |
| Other Income ⓘ + | 1 | 1 | 0 | 1 | 3 | 1 |
| Interest ⓘ | 1 | 0 | 0 | 1 | 1 | 1 |
| Depreciation ⓘ | 0 | 0 | 0 | 0 | 1 | 2 |
| Profit Before Tax ⓘ | 3 | 4 | 4 | 8 | 10 | 10 |
| Tax ⓘ | 1 | 1 | 1 | 2 | 2 | 3 |
| Profit After Tax | 2 | 3 | 3 | 6 | 7 | 8 |
| PAT Margin (%) | 7.3% | 6.8% | 5.9% | 9.1% | 10.0% | 9.2% |
| Adjusted EPS (₹) | 2.5 | 3.1 | 3.2 | 6.1 | 5.4 | 5.6 |
| Dividend Payout Ratio (%) | 0% | 1% | 9.40% | 0% | 9.20% | 0% |
| PARTICULARS | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 | |||||
|---|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | |||||||||||
| Shareholders Fund + | 10 | 12 | 15 | 21 | 50 | 58 | |||||
| Debt + | 5 | 5 | 6 | 6 | 5 | 8 | |||||
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | |||||
| Trade Payables | 4 | 7 | 7 | 12 | 14 | 23 | |||||
| Others Liabilities ⓘ | 2 | 2 | 2 | 5 | 7 | 7 | |||||
| Total Liabilities ⓘ | 21 | 27 | 31 | 44 | 75 | 95 | |||||
Fixed Assets | |||||||||||
| Net Fixed Assets ⓘ + | 2 | 3 | 3 | 3 | 9 | 10 | |||||
| CWIP ⓘ | 0 | 0 | 1 | 4 | 2 | 4 | |||||
| Investments ⓘ | 3 | 4 | 4 | 7 | 24 | 26 | |||||
| Inventories | 1 | 2 | 1 | 5 | 8 | 16 | |||||
| Trade Receivables | 8 | 11 | 10 | 9 | 18 | 18 | |||||
| Cash Equivalents | 0 | 1 | 3 | 1 | 0 | 0 | |||||
| Others Assets ⓘ | 6 | 8 | 8 | 14 | 15 | 21 | |||||
| Total Assets ⓘ | 21 | 27 | 31 | 44 | 75 | 95 | |||||
| PARTICULARS | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 |
|---|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ + | 0 | 2 | 4 | 5 | 1 | 3 |
| Cash Flow From Investing Activity ⓘ + | 0 | -1 | -1 | -7 | -21 | -5 |
| Cash Flow From Financing Activity ⓘ + | -0 | -0 | -1 | 0 | 19 | 3 |
| Net Cash Flow ⓘ | 0 | 0 | 2 | -2 | -1 | 0 |
| PARTICULARS | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 | ||||
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 25.68 | 28.33 | 22.94 | 33.3 | 20.64 | 14.21 | ||||
| ROCE (%) | 27.11 | 27.64 | 24.04 | 35.4 | 24.8 | 18.19 | ||||
| Asset Turnover Ratio | 1.62 | 1.91 | 1.89 | 1.81 | 1.24 | 0.98 | ||||
| PAT to CFO Conversion(x) | 0 | 0.67 | 1.33 | 0.83 | 0.14 | 0.38 | ||||
| Working Capital Days | ||||||||||
| Receivable Days | 89.80 | 75.60 | 68.20 | 51.70 | 67.90 | 79.20 | ||||
| Inventory Days | 6.70 | 8.90 | 9.60 | 16.50 | 31.10 | 51.90 | ||||
| Payable Days | 72.90 | 65.80 | 72.90 | 79 | 105.10 | 135.60 | ||||
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Aztec Fluids & Machinery Ltd FAQs
The current trading price of Aztec Fluids & Mach. on 01-Sep-2026 16:59 is ₹95.52.
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 31-Aug-2026 the market cap of Aztec Fluids & Mach. stood at ₹137.4 Cr
The latest P/E ratio of Aztec Fluids & Mach. as of 31-Aug-2026 is 17.97.
The latest P/B ratio of Aztec Fluids & Mach. as of 31-Aug-2026 is 2.38.
The 52-week high of Aztec Fluids & Mach. is ₹128.0 and the 52-week low is ₹82.37.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Aztec Fluids & Mach. is ₹83.38 ( Cr.) .
Past 10 year's financial track record analysis by Moneyworks4me indicates that Aztec Fluids & Machinery Ltd is a good quality company.
The key valuation ratios of Aztec Fluids & Machinery 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 Weak which suggest that the price of Aztec Fluids & Machinery Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.
About Aztec Fluids & Machinery Ltd
The company was originally incorporated as a private limited Company under the name of “Aztec Fluids & Machinery Private Limited” on April 28, 2010 under the provisions of the Companies Act, 1956 with the Registrar of Companies, Gujarat, Dadra and Nagar Havelli bearing registration number as 060446. Thereafter, the company was converted from private limited to public limited, pursuant to a special resolution passed by the shareholders of the company on November 08, 2023 and the name of the Company was changed from “Aztec Fluids & Machinery Private Limited” to “Aztec Fluids & Machinery Limited” vide fresh certificate of incorporation dated November 24, 2023, issued by the Registrar of Companies, Ahmedabad.
Established in 2010, the company provides coding and marking solutions to a diverse range of industries such as personal care, food & beverages, pharmaceuticals, construction materials, cables, wires & pipes, metals, automotive & electronics, agrochemicals, chemicals & petrochemicals etc. Its product portfolio includes (i) printers such as continuous inkjet printers (CIJ), Thermal Transfer Over printers (TTO), Drop on demand printers (DOD), NIJ printers (i.e. piezoelectric printers) and laser printers (ii) printer inks and (iii) printer consumable items i.e. makeup and cleaning solvents. Its range of products allows its customers to print vital variable information like batch number, date, price, logo, brand, size, barcodes, promotional codes, meter marks, special marks etc. on the products such as steel tubes, aluminum panels, G.I. sheets, laminates, glass, PVC, plywood, woven sac, corrugated boxes, plastics and packing materials.
Since 2015, the company is an exclusive distributor of Lead Tech (Zhuhai) Electronic Co., China for CIJ Printers, TTO Printers and a range of associated equipment and accessories for various countries such as India, Sri Lanka, Nepal, Bhutan, Bangladesh, Kenya and Nigeria. The other type of printers such as DOD and NIJ are imported by it from other foreign suppliers. After import of printers, based on the customers’ requirements it carry out certain functions such as printer configuration & stand installation on printers. It also carries the necessary testing and trial run to check the desired output of printers.
Business area of the company
Aztec Fluids & Machinery is a leading manufacturers, exporter and suppliers of a quality assured assortment of Printers, Printer consumables and Printer Spares. Its product range includes Continuous Inkjet (CIJ), Thermal Transfer Overprint (TTO), Drop on Demand (DOD) and Laser printers.
Major events and milestones
- 2010: Incorporation of the company as “Aztec Fluids & Machinery Private Limited” under the Companies Act, 1956.
- 2013: Started to import and sell Leadtech printers in the Indian Market.
- 2015: Entered with an Exclusive Distributor agreement with Lead tech (China) to sell their products.
- 2016: Purchased office at Part H Plinth, 4th Floor, Takshashila Square, Near Krishnabag Four Road, Maninagar, Ahmedabad, Gujarat.
- 2022-23: Sold more than 950 printers.
- 2022-23: Crossed turnover above Rs 50 crore.
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