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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

₹86.29 -0.79 (-0.91%)

As on 04-Jun'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

₹86.29 -0.79 (-0.91%)

As on 04-Jun'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹223 Cr.
Current Price
₹86.3
52-Week Low / High
₹59 / 125
TTM EPS
₹0.5
TTM Sales
₹101 Cr.
Book Value per Share
₹39
P/E Ratio
190.25
Higher than its 5-year historical median
Industry PE
39
Price to Book (P/B)
2.21
Lower than its 5-year historical median
Price to Sales (P/S)
2.20
Higher than its 5-year historical median
EV/EBITDA
32.47
Lower than its 5-year historical median
Dividend Yield
0.00%
Profitability Efficiency
Return on Equity (ROE)
0.21%
Underperforms industry median
Return on Capital Employed (ROCE)
3.09%
Underperforms industry median
Return on Assets (ROA)
0.14%
Operating Profit Margin
3.4%
Net Profit Margin
0.15%
Gross Profit Margin
2.3%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Slowing versus 3-year growth rate
12.81%
Operating Profit Growth (1 Year)
Improving versus 3-year growth rate
-5.42%
Net Profit Growth (1 Year)
Slowing versus 3-year growth rate
-74.24%
Asset Quality
Promoter Holding
60.46%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹75 Cr.
Equity
₹25.8 Cr.
Face Value
₹10
All Time Low / High
₹58.55 / 145.80

Aeroflex Neu stock performance

Key Ratios
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Quality

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Valuation

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Price Trend

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Q.1 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?
Q.1 Revenue growth of Aeroflex Neu Ltd vs industry peers?
Aeroflex Neu Ltd revenue CAGR is 18.28%, compared to the industry median CAGR of 4.71%, indicating faster growth and gaining its market share.
Q.1 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.
Q.1 Stock return of Aeroflex Neu Ltd over the last decade?
Over the last 3 year(s), the stock has delivered a CAGR of 2.84% based on the current price.

10 Year X-Ray : Login to view analysis.

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 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'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
ROCE % -3.7%6%6.3%7%7%8.6%15.1%7.9%3.8%3.1%-
Value Creation
Index
-1.3-0.6-0.6-0.5-0.5-0.40.1-0.4-0.7-0.8-

Growth Parameters

Sales 42.636.335.245.549.155.175.782.5101114101
Sales YoY Gr.--14.7%-3.2%29.4%7.9%12.2%37.5%8.9%22.2%12.8%-
Adj EPS -1.10-0.10.3-0.10.72.40.9-0-0.40.5
YoY Gr.-NA-266.7%NA-146.7%NA227.4%-62.8%-100%NA-
BVPS (₹) 9.91011.912.212.112.915.332.632.332.439
Adj Net
Profit
-1.60-0.10.5-0.21.13.72.3-0-11
Cash Flow from Ops. 3.2-1.4-3.52.72.61.4-1-16.1-0.67.5-
Debt/CF from Ops. 2.5-6-2.24.449.9-29.7-1.4-503.4-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales 11.5%18.3%14.5%12.8%
Adj EPS NANA-154.2%NA
BVPS14%21.8%28.4%0.2%
Share Price - - -0.8% -14.2%

Key Financial Parameters

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity %
-10.50.3-0.52.5-1.15.8174.3-0-1.21.3
Op. Profit
Mgn %
-1.62.53.664.268.77.343.42.5
Net Profit
Mgn %
-3.60.1-0.21-0.42.14.92.8-0-0.91.2
Debt to
Equity
0.60.60.40.60.60.71.20.30.30.30
Working Cap
Days
7289153160161150138177188186134
Cash Conv.
Cycle
445084787572688610111487

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Sales4336354549557682101114
Operating Expenses + 433534434752697697110
Manufacturing Costs765677692025
Material Costs33252532333954556364
Employee Cost 1222222355
Other Costs 23225479916
Operating Profit -1113237644
Operating Profit Margin (%) -1.6%2.5%3.6%5.7%4.2%5.9%8.7%7.3%4.0%3.4%
Other Income + 1110101122
Exceptional Items 00-00000000
Interest 1111211233
Depreciation 1111111122
Profit Before Tax -2001125410
Tax -10-0000110-0
Profit After Tax -1000014310
PAT Margin (%) -3.3%0.1%0.8%0.8%0.6%2.3%5.3%3.7%0.7%0.2%
Adjusted EPS (₹)-1.00.00.20.20.20.82.61.20.30.1
Dividend Payout Ratio (%)0%0%0%0%0%0%0%42.20%0%0%

Valuation of Aeroflex Neu - Standalone

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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Analyst's Notes

data not found
No data found!

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25

Equity and Liabilities

Shareholders Fund + 14141919192024848383
Share Capital 14141616161616262626
Reserves -0-033348585858
Debt +88711101328202623
Long Term Debt3110011874
Short Term Debt46611101227121919
Minority Interest0000000000
Trade Payables2334436677
Others Liabilities 2333244776
Total Liabilities 26283237364162117124119

Fixed Assets

Net Fixed Assets +14131213131414434751
Gross Block19191920212324546066
Accumulated Depreciation5667899111315
CWIP 0000007110
Investments 1111006666
Inventories47866611182026
Trade Receivables334991012112119
Cash Equivalents 420122221135
Others Assets 12677811181613
Total Assets 26283237364162117124119

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity + 3-1-4331-1-16-18
PBT -2001125410
Adjustment 2221222246
Changes in Working Capital 4-3-610-2-8-22-41
Tax Paid -00-0-0-0-0-0-1-1-0
Cash Flow From Investing Activity + 2-0-0-0-1-2-13-24-4-5
Capex -1-0-0-1-1-2-1-24-6-5
Net Investments 3000000000
Others 000100-12010
Cash Flow From Financing Activity + -2-12-2-211447-5-5
Net Proceeds from Shares 00100006600
Net Proceeds from Borrowing 1-200000000
Interest Paid -1-1-1-1-1-1-1-2-3-3
Dividend Paid 00000000-10
Others -222-1-1215-17-1-2
Net Cash Flow 3-3-11-0-0-17-10-3

Financial Ratio

PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)-9.610.331.691.981.576.4618.315.660.790.21
ROCE (%)-3.685.966.347.016.998.6315.057.883.753.09
Asset Turnover Ratio1.71.481.21.331.351.431.480.920.840.93
PAT to CFO Conversion(x)N/AN/AN/AN/AN/A1-0.25-5.33-1N/A
Working Capital Days
Receivable Days25.7026.9038.3052.3065.906252.7050.4056.5063.10
Inventory Days37.8051.8076.8055.3042.4037.5039.406369.2075.20
Payable Days26.2040.4043.1037.9046.2037.4030.9037.3037.9042.10

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Aeroflex Neu Ltd FAQs

The current trading price of Aeroflex Neu on 04-Jun-2026 16:59 is ₹86.29.

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 03-Jun-2026 the market cap of Aeroflex Neu stood at ₹222.6 Cr

The latest P/E ratio of Aeroflex Neu as of 03-Jun-2026 is 190.2.

The latest P/B ratio of Aeroflex Neu as of 03-Jun-2026 is 2.21.

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 ₹101 ( 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 Fair 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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