Aequs Limited
NSE: AEQUS · Aerospace & Defense · sector
₹242.40NSE close 2026-10-26
Key numbers
Market cap₹16,257 cr
Price₹242.40
52w high / low₹295 / ₹113
P/E–Sector median 75.3x
P/B10.9xSector median 8.2x
Book value₹22.2
Dividend yield–Sector median 0.15%
ROE-7.6%Sector median 12.6%
ROCE1.1%Sector median 13.7%
OPM7.6%Sector median 20.9%
Debt / equity0.27xSector median 0.11x
EV/EBITDA175.1xSector median 59.6x
Interest cover0.2x
Current ratio1.58x
Sales growth 3y–Sector median +15.9%
Profit growth 3y–Sector median +32.2%
PEG–
Last 12 months to Jun 2026, Consolidated. "Sector median" = middle value of 29 companies in Aerospace & Defense (P/E median leaves out loss-making companies). Tap ? for what a number means.
Things to know
- Cash ₹357 cr vs borrowings ₹404 cr (FY26): borrowings are higher by ₹47 cr.
- Operating profit covered interest 0.2x in the last 12 months.
- 24.43% of the promoters' shares are pledged (15.0% of all shares).
- Net loss in 3 of the last 3 quarters.
- No dividend in the last 1 financial years.
- Price ₹242.40 on 2026-10-26: -17.7% from the 52-week high, +113.9% from the 52-week low.
Plain facts from the filings, built by the same fixed rules for every company. A line appears only when the data for it is available. Not a view on the stock.
Charts
Weekly close · high ₹275.05 · low ₹115.11
RevenueNet profit
RevenueNet profit
Quarterly results
| ₹ cr | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|
| Revenue | 326 | 367 | 396 |
| EBITDA | 14 | 20 | 15 |
| OPM % | 4.2% | 5.5% | 3.7% |
| Other income | 9 | 28 | 7 |
| Net profit | -43 | -54 | -53 |
| EPS (₹) | -0.70 | -0.80 | -0.81 |
Consolidated figures where filed. Latest quarter Jun 2026.
Profit & loss (yearly)
| ₹ cr | FY26 | TTM |
|---|---|---|
| Revenue | 1,230 | 1,230 |
| EBITDA | 93 | 93 |
| Net profit | -113 | -113 |
| EPS (₹) | -1.87 | -1.87 |
| Dividend / share (₹) | – |
| Compounded growth | 3 years | 5 years | Last 12 months |
|---|---|---|---|
| Sales | – | – | – |
| Net profit | – | – | – |
| EPS | – | – | – |
| Share price | – | – (2y) | – |
Balance sheet
| ₹ cr | FY26 |
|---|---|
| Shareholders' equity | 1,486 |
| Borrowings | 404 |
| Cash & equivalents | 357 |
| Total assets | 2,690 |
| Fixed assets | 1,047 |
| Capital work in progress | 79 |
| Investments | 0 |
| Receivables | 265 |
| Inventory | 567 |
| Payables | 322 |
Year-end figures from the March annual filing.
Cash flow
| ₹ cr | FY26 |
|---|---|
| Cash from operations | -99 |
| Cash from investing | -371 |
| Cash from financing | 704 |
| Capex | 343 |
| Free cash flow | -441 |
Free cash flow = cash from operations − capex.
Ratios by year
| ₹ cr | FY26 |
|---|---|
| ROE % | -7.6% |
| ROCE % | 1.1% |
| Debtor days | 78 |
| Inventory days | 419 |
| Payable days | 238 |
| Cash conversion cycle (days) | 259 |
| Working capital days | 143 |
Shareholding
| Holder | % (2026-09-30) |
|---|---|
| Promoters | 59.09% |
| FIIs | 5.93% |
| DIIs | 9.27% |
| of which Mutual funds | 5.12% |
| of which Insurance | 0.10% |
| Public (non-institutions) | 23.45% |
| Quarter | Dec 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|
| Promoters % | 59.08% | 59.08% | 59.08% | 59.09% | 59.09% |
| Promoter group | % |
|---|---|
| Aequs Manufacturing Investments Private Limited | 43.35% |
| Melligeri Private Family Foundation (Mellwood Trustee Services Private Limited) | 14.99% |
| Mayflower Investments LLC | 0.21% |
| Jagadish Melligeri | 0.15% |
| Aravind Shivaputrappa Melligeri | 0.15% |
| Akkamahadevi Aravind Melligeri | 0.12% |
| Babasaheb Appana Patil | 0.06% |
| Basavant Appanna Patil | 0.03% |
| Venkatesh Shivaputrappa Melligeri | 0.02% |
| Vijaya Basavraj Sugandhi | 0.01% |
| Leela B Naikar | 0.01% |
| Jayaalaxmi Mineral Private Limited | 0.00% |
| Let’s Service Automotive Technologies Private Limited | 0.00% |
| MFO Advisory Services LLP | 0.00% |
| Mfre Properties Private Trust | 0.00% |
| Public holders above 1% | % |
|---|---|
| Amansa Investments Ltd | 5.49% |
| Steadview Capital Mauritius Limited | 3.40% |
| Catamaran Ekam | 2.83% |
| Aequs Stock Option Plan Trust | 2.26% |
| Smallcap World Fund, INC | 2.21% |
| SBI MNC Fund | 2.08% |
1,00,201 shareholders. Pledged: 24.43% of promoter shares.
Peers in Aerospace & Defense
| Company | Market cap | P/E | P/B | ROE | ROCE | OPM | Sales 3y | Div yield |
|---|---|---|---|---|---|---|---|---|
| HAL | ₹3,19,342 cr | 34.3x | 7.8x | 24.5% | 30.2% | 29.6% | +7.1% | 1.05% |
| BEL | ₹2,65,346 cr | 43.2x | 11.1x | 28.0% | 34.1% | 28.6% | +15.9% | 0.79% |
| BDL | ₹37,719 cr | 72.4x | 8.9x | 12.6% | 16.8% | 12.7% | -0.6% | 0.51% |
| GRSE | ₹21,411 cr | 26.7x | 8.2x | 34.0% | 41.2% | 11.1% | +39.8% | 0.95% |
| DATAPATTNS | ₹21,133 cr | 78.8x | 12.2x | 16.5% | 21.4% | 39.3% | +26.8% | 0.21% |
| AEQUS | ₹16,257 cr | – | 10.9x | -7.6% | 1.1% | 7.6% | – | – |
| APOLLO | ₹15,269 cr | 118.8x | 11.6x | 12.7% | 11.6% | 22.6% | +44.9% | 0.06% |
| ASTRAMICRO | ₹14,226 cr | 75.3x | 10.8x | 15.7% | 18.6% | 28.6% | +12.6% | 0.15% |
| ZENTEC | ₹13,947 cr | 77.1x | 7.4x | 10.3% | 14.6% | 32.6% | +46.5% | 0.13% |
| PARAS | ₹10,105 cr | 107.0x | 13.9x | 13.8% | 17.5% | 26.1% | +28.9% | 0.04% |
Business segments (FY26)
| Segment | Revenue | Share | EBIT | Margin |
|---|---|---|---|---|
| Aerospace | ₹1,046 cr | 85.0% | ₹281 cr | 26.9% |
| Consumer | ₹184 cr | 15.0% | ₹-78 cr | -42.5% |
Documents
- Annual report FY26
- Announcements NSE filings
- BRSR FY26
- Latest results (data file) XBRL
- Announcements BSE filings
Links go to the original files on the exchange website.
About the company
- Manufacturing: Manufacturing other transport equipment
- Manufacturing: Other manufacturing - consumer
| Sector | Industrials |
| Industry | Aerospace & Defense |
| Sub-industry | Aerospace & Defense |
| Symbol | AEQUS |
| BSE code | 544634 |
| ISIN | INE947N01017 |
| Face value | ₹10.0 |
| Incorporated | 2000-03-27 |
| Website | www.aequs.com |
| Plants (India / abroad) | 7 / 0 |
From the company's filings (BRSR FY26).
Data built 2026-10-22 from NSE company filings (XBRL: Integrated Filing - Financials + financial results), NSE shareholding & pledge data; price = NSE close 2026-10-26.