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10 Yrs X-Ray 
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About
Aeroflex Neu Ltd (AERONEU)
Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 543743 NSE: AERONEU Plastic Products | Small Cap | Aeroflex Neu Share Price
₹86.50 2.70 (3.22%)
As on 14-Aug'26 16:59
Aeroflex Neu Ltd (AERONEU)
Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 543743 NSE: AERONEU Plastic Products | Small Cap | Aeroflex Neu Share Price
₹86.50 2.70 (3.22%)
As on 14-Aug'26 16:59
Key Metrics
Valuation Multiples
Market Cap
₹223 Cr.
Current Price
₹86.5
52-Week Low / High
₹59 / 125
TTM EPS
₹0.4
TTM Sales
₹98.8 Cr.
Book Value per Share
₹32.8
P/E Ratio
244.67
Higher than its 5-year historical median
Industry PE
39.2
Price to Book (P/B)
2.64
Higher than its 5-year historical median
Price to Sales (P/S)
2.26
Higher than its 5-year historical median
EV/EBITDA
33.58
In line with its 5-year historical median
Dividend Yield
0%
Profitability Efficiency
Return on Equity (ROE)
1.39%
Underperforms industry median
Return on Capital Employed (ROCE)
4.06%
Underperforms industry median
Return on Assets (ROA)
0.94%
Operating Profit Margin
3.1%
Net Profit Margin
1.16%
Gross Profit Margin
4.9%
Growth Momentum
1-yr vs 3-yr growth
1-yr vs 3-yr growth
Sales Growth (1 Year)
Slowing versus 3-year growth rate
-10.93%
Operating Profit Growth (1 Year)
Slowing versus 3-year growth rate
-25.52%
Net Profit Growth (1 Year)
Improving versus 3-year growth rate
588.24%
Asset Quality
Promoter Holding
60.46%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹59 Cr.
Equity
₹25.8 Cr.
Face Value
₹10
All Time Low / High
₹58.55 / 145.80
Check Before You Invest
Quality
Not GoodValuation
Somewhat OvervaluedCheck Valuation charts
Price Trend
Semi Strong
Is Aeroflex Neu Ltd a good quality company?
Aeroflex Neu Ltd is a weak quality company, based on a inconsistent 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 Aeroflex Neu Ltd performance compare with that of its Peers?
Revenue growth of Aeroflex Neu Ltd vs industry peers?
Aeroflex Neu Ltd revenue CAGR is 12.95%, compared to the industry median CAGR of 3.92%, indicating faster growth and gaining its market share.
Promoter shareholding and pledge status of Aeroflex Neu Ltd?
Promoters hold 60.46% of the Aeroflex Neu Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Stock return of Aeroflex Neu Ltd over the last decade?
Over the last 3 year(s), the stock has delivered a CAGR of -7% 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.
Aeroflex Neu Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good
Value Creation ⓘ
| Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | 6% | 6.3% | 7% | 7% | 8.6% | 15.1% | 7.9% | 3.8% | 3.1% | 4.1% | - |
| Value Creation Index ⓘ | -0.6 | -0.6 | -0.5 | -0.5 | -0.4 | 0.1 | -0.4 | -0.7 | -0.8 | -0.7 | - |
Growth Parameters ⓘ |
|||||||||||
| Sales ⓘ | 36.3 | 35.2 | 45.5 | 49.1 | 55.1 | 75.7 | 82.5 | 101 | 114 | 101 | 99 |
| Sales YoY Gr. | - | -3.2% | 29.4% | 7.9% | 12.2% | 37.5% | 8.9% | 22.2% | 12.8% | -10.9% | - |
| Adj EPS ⓘ | 0 | -0.1 | 0.3 | -0.1 | 0.7 | 2.4 | 0.9 | -0 | -0.4 | -0.3 | 0.4 |
| YoY Gr. | - | -266.7% | NA | -146.7% | NA | 227.4% | -62.8% | -100% | NA | NA | - |
| BVPS (₹) ⓘ | 10 | 11.9 | 12.2 | 12.1 | 12.9 | 15.3 | 32.6 | 32.3 | 32.4 | 32.8 | 32.8 |
| Adj Net Profit ⓘ | 0 | -0.1 | 0.5 | -0.2 | 1.1 | 3.7 | 2.3 | -0 | -1 | -0.7 | 1 |
| Cash Flow from Ops. ⓘ | -1.4 | -3.5 | 2.7 | 2.6 | 1.4 | -1 | -16.1 | -0.6 | 7.5 | 5.3 | - |
| Debt/CF from Ops. ⓘ | -6 | -2.2 | 4.4 | 4 | 9.9 | -29.7 | -1.4 | -50 | 3.4 | 3.3 | - |
CAGR ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | 12.1% | 13% | 7.1% | -10.9% | ||||
| Adj EPS ⓘ | -226.6% | -180.7% | -165.5% | NA | ||||
| BVPSⓘ | 14.2% | 20.6% | 0.2% | 1.4% | ||||
| Share Price | - | - | -7% | -24.1% | ||||
Key Financial Parameters ⓘ
| Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | 0.3 | -0.5 | 2.5 | -1.1 | 5.8 | 17 | 4.3 | -0 | -1.2 | -0.7 | 1.1 |
| Op. Profit Mgn % ⓘ | 2.5 | 3.6 | 6 | 4.2 | 6 | 8.7 | 7.3 | 4 | 3.4 | 3.1 | 2.9 |
| Net Profit Mgn % ⓘ | 0.1 | -0.2 | 1 | -0.4 | 2.1 | 4.9 | 2.8 | -0 | -0.9 | -0.7 | 0.9 |
| Debt to Equity ⓘ | 0.6 | 0.4 | 0.6 | 0.6 | 0.7 | 1.2 | 0.3 | 0.3 | 0.3 | 0.2 | - |
| Working Cap Days ⓘ | 89 | 153 | 160 | 161 | 150 | 138 | 177 | 188 | 186 | 211 | 134 |
| Cash Conv. Cycle ⓘ | 50 | 84 | 78 | 75 | 72 | 68 | 86 | 101 | 114 | 128 | 87 |
Valuation of Aeroflex Neu - 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 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
* Pledged shares as % of Promoter's holding (%)
Financials
| PARTICULARS | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 36 | 35 | 45 | 49 | 55 | 76 | 82 | 101 | 114 | 101 |
| Operating Expenses ⓘ + | 35 | 34 | 43 | 47 | 52 | 69 | 76 | 97 | 110 | 98 |
| Operating Profit ⓘ | 1 | 1 | 3 | 2 | 3 | 7 | 6 | 4 | 4 | 3 |
| Operating Profit Margin (%) | 2.5% | 3.6% | 5.7% | 4.2% | 5.9% | 8.7% | 7.3% | 4.0% | 3.4% | 2.8% |
| Other Income ⓘ + | 1 | 1 | 0 | 1 | 0 | 1 | 1 | 2 | 2 | 4 |
| Interest ⓘ | 1 | 1 | 1 | 2 | 1 | 1 | 2 | 3 | 3 | 2 |
| Depreciation ⓘ | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 2 | 2 |
| Profit Before Tax ⓘ | 0 | 0 | 1 | 1 | 2 | 5 | 4 | 1 | 0 | 2 |
| Tax ⓘ | 0 | -0 | 0 | 0 | 0 | 1 | 1 | 0 | -0 | 1 |
| Profit After Tax | 0 | 0 | 0 | 0 | 1 | 4 | 3 | 1 | 0 | 1 |
| PAT Margin (%) | 0.1% | 0.8% | 0.8% | 0.6% | 2.3% | 5.3% | 3.7% | 0.7% | 0.2% | 1.2% |
| Adjusted EPS (₹) | 0.0 | 0.2 | 0.2 | 0.2 | 0.8 | 2.6 | 1.2 | 0.3 | 0.1 | 0.5 |
| Dividend Payout Ratio (%) | 0% | 0% | 0% | 0% | 0% | 0% | 42.20% | 0% | 0% | 0% |
| PARTICULARS | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | |||||||||||
| Shareholders Fund + | 14 | 19 | 19 | 19 | 20 | 24 | 84 | 83 | 83 | 85 | |
| Debt + | 8 | 7 | 11 | 10 | 13 | 28 | 20 | 26 | 23 | 15 | |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Trade Payables | 3 | 3 | 4 | 4 | 3 | 6 | 6 | 7 | 7 | 6 | |
| Others Liabilities ⓘ | 3 | 3 | 3 | 2 | 4 | 4 | 7 | 7 | 6 | 24 | |
| Total Liabilities ⓘ | 28 | 32 | 37 | 36 | 41 | 62 | 117 | 124 | 119 | 129 | |
Fixed Assets | |||||||||||
| Net Fixed Assets ⓘ + | 13 | 12 | 13 | 13 | 14 | 14 | 43 | 47 | 51 | 48 | |
| CWIP ⓘ | 0 | 0 | 0 | 0 | 0 | 7 | 1 | 1 | 0 | 0 | |
| Investments ⓘ | 1 | 1 | 1 | 0 | 0 | 6 | 6 | 6 | 6 | 6 | |
| Inventories | 7 | 8 | 6 | 6 | 6 | 11 | 18 | 20 | 26 | 22 | |
| Trade Receivables | 3 | 4 | 9 | 9 | 10 | 12 | 11 | 21 | 19 | 18 | |
| Cash Equivalents | 2 | 0 | 1 | 2 | 2 | 2 | 21 | 13 | 5 | 17 | |
| Others Assets ⓘ | 2 | 6 | 7 | 7 | 8 | 11 | 18 | 16 | 13 | 19 | |
| Total Assets ⓘ | 28 | 32 | 37 | 36 | 41 | 62 | 117 | 124 | 119 | 129 | |
| PARTICULARS | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ + | -1 | -4 | 3 | 3 | 1 | -1 | -16 | -1 | 8 | 5 |
| Cash Flow From Investing Activity ⓘ + | -0 | -0 | -0 | -1 | -2 | -13 | -24 | -4 | -5 | 1 |
| Cash Flow From Financing Activity ⓘ + | -1 | 2 | -2 | -2 | 1 | 14 | 47 | -5 | -5 | 10 |
| Net Cash Flow ⓘ | -3 | -1 | 1 | -0 | -0 | -1 | 7 | -10 | -3 | 16 |
| PARTICULARS | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 |
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 0.33 | 1.69 | 1.98 | 1.57 | 6.46 | 18.31 | 5.66 | 0.79 | 0.21 | 1.39 |
| ROCE (%) | 5.96 | 6.34 | 7.01 | 6.99 | 8.63 | 15.05 | 7.88 | 3.75 | 3.09 | 4.06 |
| Asset Turnover Ratio | 1.48 | 1.2 | 1.33 | 1.35 | 1.43 | 1.48 | 0.92 | 0.84 | 0.93 | 0.81 |
| PAT to CFO Conversion(x) | N/A | N/A | N/A | N/A | 1 | -0.25 | -5.33 | -1 | N/A | 5 |
| Working Capital Days | ||||||||||
| Receivable Days | 26.90 | 38.30 | 52.30 | 65.90 | 62 | 52.70 | 50.40 | 56.50 | 63.10 | 66.50 |
| Inventory Days | 51.80 | 76.80 | 55.30 | 42.40 | 37.50 | 39.40 | 63 | 69.20 | 75.20 | 86.50 |
| Payable Days | 40.40 | 43.10 | 37.90 | 46.20 | 37.40 | 30.90 | 37.30 | 37.90 | 42.10 | 38.80 |
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Aeroflex Neu Ltd FAQs
The current trading price of Aeroflex Neu on 14-Aug-2026 16:59 is ₹86.50.
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 13-Aug-2026 the market cap of Aeroflex Neu stood at ₹223.1 Cr
The latest P/E ratio of Aeroflex Neu as of 13-Aug-2026 is 244.7.
The latest P/B ratio of Aeroflex Neu as of 13-Aug-2026 is 2.64.
The 52-week high of Aeroflex Neu is ₹125.0 and the 52-week low is ₹58.55.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Aeroflex Neu is ₹98.84 ( Cr.) .
Past 10 year’s financial track record analysis by Moneyworks4me indicates that Aeroflex Neu Ltd is a below average quality company.
The key valuation ratios of Aeroflex Neu Ltd's currently when compared to its past seem to suggest it is in the Somewhat overvalued zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Aeroflex Neu Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.
About Aeroflex Neu Ltd
The Company was originally incorporated as a public limited company under the name and style of “Peacock Continental Limited” at Udaipur Rajasthan, under the provisions of the Companies Act, 1956 vide Certificate of Incorporation dated April 20, 1992 issued by the Registrar of Companies, Jaipur Rajasthan. It commenced commercial operations pursuant to a Certificate of Commencement of Business dated November 04, 1992. The name of the company was changed to “Sah Polymers Limited”. Consequent upon change of name a fresh Certificate of Incorporation dated July 24, 1998 was issued by Registrar of Companies, Jaipur Rajasthan.
The company is an ISO 9001:2015 certified company, primarily engaged in manufacturing and selling of Polypropylene (PP)/ High Density Polyethylene (HDPE) FIBC Bags, Woven Sacks, HDPE/PP woven fabrics, based products of different weight, sizes and colours as per customers specifications. It offers customised bulk packaging solutions to business-to-business (“B2B”) manufacturers catering to different industries such as Agro Pesticides Industry, Basic Drug Industry, Cement Industry, Chemical Industry, Fertilizer Industry, Food Products Industry, Textile Industry Ceramic Industry and Steel Industry. Besides, the company is a Del Credere Associate cum Consignment Stockist (DCA/ CS) of Indian Oil Corporation Limited and also operates as Dealer Operated Polymer Warehouse (DOPW) of Indian Oil Corporation Limited for their polymer division. It enters into arrangements as third-party manufacturers to manufacture its tape and fabric based on customers’ requirements.
The company has two business divisions (i) domestic sales; and (ii) exports. It has presence in 5 states and 1 union territory for its domestic market. Internationally, the company exports its products to countries such as Algeria, Togo, Ghana, Poland, Portugal, France, Italy, Dominican Republic, USA, Australia, UAE, Palestine, UK and Ireland. Presently, the company has one manufacturing facility located at Udaipur, Rajasthan. Over the years, it has made investments, from time to time, in its manufacturing infrastructure to support its product portfolio requirements and its reach.
Business area of the company
Sah Polymers is a leading PP Woven Bags Manufacturer in India (Udaipur, Rajasthan). It manufactures and exports PP Woven Bags and HDPE Box Bags, Flexible Intermediate Bulk Containers (FIBCs), and BOPP Laminated Bags.
Key Awards, Certifications, Accreditations and Recognitions
- 2001: Received Certificate of Import- Export Code (IEC).
- 2012: Received ISO 9001:2015 Certification.
- 2012: Obtained registration under Secretariat for Industrial Assistance.
- 2017: Received Star Export House Certificate.
- 2020: Obtained Udyog Aadhar Memorandum/ Entrepreneurs Memorandum.
- 2022: Obtained the Certificate of Membership for FIBCA ( Flexible Intermediate Bulk Container Association) for the year 2022.
Key events and milestones
- 1992: ‘Peacock Continental Limited” started its journey to manufacture plastic goods as per the Object clause of MOA.
- 1998: Takeover of Assets, rights, comprising of land, building , plant and machinery etc. on going concern basis from Peacock Industries Limited pursuant to business Purchase agreement dated July 23, 1998.
- 1998: Change of name from Peacock Continental Limited to Sah Polymers Limited.
- 1998: Transfer of erstwhile lease agreement of E-260-261 Mewar Industrial Area Madri Udaipur, Rajasthan, with Rajasthan State Industrial Development & Investment Corporation from Peacock Industries to Sah Polymers.
- 2015: SAT industries, listed on BSE acquired 85,21,430 shares representing 54.63% of shareholding of the company from the shareholders viz. Lion Houseware, Park Continental and Sat Invest. Thereafter Sat Industries has been identified as its Corporate Promoter in certain Public filings of Company.
- 2015: The Company exported products to Poland amounting to Rs 3.38 crore which constituted 7.96% of total turnover of about Rs 42.54 crore.
- 2019: Amalgamation of the company’s wholly owned subsidiary, Sat E-Com Limited (SEL) with the Company under section 233 of the Companies Act, 2013, by Order number (02)/2020- 21/753 dated 21/08/2020 of the Regional Director, North Western (RD-NW), Ministry of Corporate Affairs, Ahmedabad subject to all the necessary statutory / regulatory approvals.
- 2022: Acquisition of 33,884 equity shares aggregating to 51.01% of paid up capital of Fibcorp Polyweave by way of transfer and rights issue pursuant to which it became Subsidiary on January 05, 2022.
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