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Aeroflex Industries Ltd (AEROFLEX)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 543972 NSE: AEROFLEX Steel & Iron Products | Small Cap | Aeroflex Industries Share Price

₹425.45 27.05 (6.79%)

As on 09-Jun'26 16:59

Aeroflex Industries Ltd (AEROFLEX)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 543972 NSE: AEROFLEX Steel & Iron Products | Small Cap | Aeroflex Industries Share Price

₹425.45 27.05 (6.79%)

As on 09-Jun'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹5,630 Cr.
Current Price
₹425.5
52-Week Low / High
₹158 / 458
TTM EPS
₹4.2
TTM Sales
₹412 Cr.
Book Value per Share
₹33.7
P/E Ratio
101.84
Higher than its 5-year historical median
Industry PE
25
Price to Book (P/B)
12.61
Higher than its 5-year historical median
Price to Sales (P/S)
13.65
Higher than its 5-year historical median
EV/EBITDA
56.16
Higher than its 5-year historical median
Dividend Yield
0.18%
Profitability Efficiency
Return on Equity (ROE)
16.34%
Outperforms industry median
Return on Capital Employed (ROCE)
22.04%
Outperforms industry median
Return on Assets (ROA)
12.99%
Operating Profit Margin
21.2%
Net Profit Margin
13.92%
Gross Profit Margin
21.5%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Improving versus 3-year growth rate
17.32%
Operating Profit Growth (1 Year)
Improving versus 3-year growth rate
26.56%
Net Profit Growth (1 Year)
Improving versus 3-year growth rate
24.31%
Asset Quality
Promoter Holding
65.47%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹420 Cr.
Equity
₹26.5 Cr.
Face Value
₹2
All Time Low / High
₹114.40 / 458.00

Aeroflex Industries stock performance

Key Ratios
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Check Before You Invest

Quality

Somewhat Good

Valuation

Overvalued

Price Trend

Strong
Q.1 Is Aeroflex Industries Ltd a good quality company?
Aeroflex Industries Ltd is a average quality company, based on a somewhat consistent 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 Industries Ltd performance compare with that of its Peers?
Q.1 Revenue growth of Aeroflex Industries Ltd vs industry peers?
Aeroflex Industries Ltd revenue CAGR is 20.90%, compared to the industry median CAGR of 7.56%, indicating faster growth and gaining its market share.
Q.1 Promoter shareholding and pledge status of Aeroflex Industries Ltd?
Promoters hold 65.47% of the Aeroflex Industries Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Stock return of Aeroflex Industries Ltd over the last decade?
Over the last 1 year(s), the stock has delivered a CAGR of 138.18% 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 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

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
ROCE % 7.8%10.7%5.1%16.4%12.8%15.2%36.8%31.7%26.5%22%-
Value Creation
Index
NANA-0.60.2-0.10.11.71.40.90.6-

Growth Parameters

Sales 102105114140144145241269318373412
Sales YoY Gr.-3.1%8.6%23.6%2.8%0.3%66.4%11.9%18%17.3%-
Adj EPS -2.4-1.300.60.60.62.42.83.344.2
YoY Gr.-NANA3000%1.6%0%277.8%18.5%15.3%24.3%-
BVPS (₹) -37.6-38.95.64.24.65.17.51022.726.433.7
Adj Net
Profit
-8.4-4.50.17.17.27.227.232.342.152.255
Cash Flow from Ops. 20.1-5.2-5.42.812.91232.27.343.929.7-
Debt/CF from Ops. 10.8-44-14.425.74.94.41.26.200-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales 15.6%20.9%15.7%17.3%
Adj EPS NA45%19.3%24.3%
BVPSNA41.8%52.1%16.6%
Share Price - - - 159%

Key Financial Parameters

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity %
7.94-0.216.114.412.937.532.220.716.513.9
Op. Profit
Mgn %
10.815.98.816.815.315.719.619.819.821.223.6
Net Profit
Mgn %
-8.3-4.30.15.15511.31213.21413.4
Debt to
Equity
-2-21.91.51.20.90.50.4000
Working Cap
Days
205236251244252255179185190193114
Cash Conv.
Cycle
4546535350424979919374

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Sales101105114140144145241269318373
Operating Expenses + 9188104117122122194216256294
Manufacturing Costs105667810456
Material Costs666775919594156171201224
Employee Cost 78911131318232634
Other Costs 871487810192330
Operating Profit 11171024222347536279
Operating Profit Margin (%) 10.8%15.9%8.8%16.8%15.3%15.7%19.6%19.8%19.6%21.1%
Other Income + 3000100042
Exceptional Items 0000-4-20-30-0
Interest 16166151297431
Depreciation 55444445611
Profit Before Tax -8-5054837415769
Tax 000-2-129111617
Profit After Tax -8-5075628304252
PAT Margin (%) -8.3%-4.3%0.1%5.1%3.3%4.2%11.5%11.2%13.1%13.9%
Adjusted EPS (₹)-2.4-1.30.00.60.40.52.42.63.24.0
Dividend Payout Ratio (%)0%0%0%0%0%0%8.30%7.60%7.70%7.50%

Valuation of Aeroflex Industries - 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
mw4me loader

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

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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 + -111-1154048535986114293342
Share Capital 28282823232323232626
Reserves -139-143122530366391267316
Debt +21723078695843252700
Long Term Debt000413835212000
Short Term Debt21723078282184700
Minority Interest0000000000
Trade Payables17162024344034375556
Others Liabilities 2781091938372726
Total Liabilities 125138147151154161184214375424

Fixed Assets

Net Fixed Assets +555348474443465683149
Gross Block112115106109103106113128161236
Accumulated Depreciation57625963596266727887
CWIP 0000007159
Investments 00000000028
Inventories1091426323436565959
Trade Receivables222731272833536795121
Cash Equivalents 3883538610525
Others Assets 34404749454634282732
Total Assets 125138147151154161184214375424

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity + 20-5-5313123274430
PBT -8-5054837415769
Adjustment 2254444-4-2610
Changes in Working Capital 6-6-10-650-1-32-4-32
Tax Paid 00000000-15-16
Cash Flow From Investing Activity + -1-32-3-1-3-13-10-64-78
Capex -1-32-3-1-3-13-9-38-81
Net Investments 0000000-0-2929
Others 0000-00003-26
Cash Flow From Financing Activity + -16133-5-10-10-14090-3
Net Proceeds from Shares 000000001620
Net Proceeds from Borrowing 00041-3-2-14-1-200
Interest Paid -16000000-3-2-0
Dividend Paid 0000000-2-2-3
Others 0133-46-6-807-480
Net Cash Flow 25-0-52-15-270-51

Financial Ratio

PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)N/AN/A021.19.3910.838.0930.1820.5116.34
ROCE (%)N/AN/A5.0816.4212.8315.2136.7631.6826.4922.04
Asset Turnover Ratio0.890.840.860.970.9811.41.361.080.93
PAT to CFO Conversion(x)N/AN/AN/A0.432.621.140.231.050.58
Working Capital Days
Receivable Days67.4081.8086.9073.2067.5071.9065.208192.80105.50
Inventory Days38.7032.2034.2049.7069.907753.2062.206657.90
Payable Days81.4089.6088.8089.30111.8014486.9075.708389.90

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 Industries Ltd FAQs

The current trading price of Aeroflex Industries on 09-Jun-2026 16:59 is ₹425.4.

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 08-Jun-2026 the market cap of Aeroflex Industries stood at ₹5,630 Cr

The latest P/E ratio of Aeroflex Industries as of 08-Jun-2026 is 101.8.

The latest P/B ratio of Aeroflex Industries as of 08-Jun-2026 is 12.61.

The 52-week high of Aeroflex Industries is ₹458.0 and the 52-week low is ₹157.8.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Aeroflex Industries is ₹412 ( Cr.) .

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

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

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

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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