Aeroflex Industries Ltd
NSE: AEROFLEX · Iron & Steel Products · sector
₹445.75NSE close 2026-10-26
Key numbers
Market cap₹5,899 cr
Price₹445.75
52w high / low₹614 / ₹158
P/E86.4xSector median 15.5x
P/B13.2xSector median 1.7x
Book value₹33.8
Dividend yield0.07%Sector median 0.60%
ROE17.0%Sector median 11.1%
ROCE20.4%Sector median 11.9%
OPM23.4%Sector median 6.7%
Debt / equity0.00xSector median 0.21x
EV/EBITDA49.5xSector median 11.8x
Interest cover82.2x
Current ratio2.91x
Sales growth 3y–Sector median +2.1%
Profit growth 3y–Sector median +13.0%
PEG2.05x
Last 12 months to Jun 2026, Consolidated. "Sector median" = middle value of 118 companies in Iron & Steel Products (P/E median leaves out loss-making companies). Tap ? for what a number means.
Things to know
- Cash ₹70 cr vs borrowings ₹1 cr (FY26): cash is higher (net cash).
- Operating profit covered interest 82.2x in the last 12 months.
- Promoter holding fell by 1.52 percentage points in a year, to 65.47% (2026-09-30).
- Operating cash flow was below net profit in 1 of the last 3 years (FY25).
- Revenue was higher than a year earlier in 4 of the last 4 quarters.
- Other income was 2% of net profit in the last 12 months.
- Dividend paid in 2 of the last 3 financial years.
- Price ₹445.75 on 2026-10-26: -27.4% from the 52-week high, +182.1% 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 ₹561.15 · low ₹161.90
RevenueNet profit
RevenueNet profit
Quarterly results
| ₹ cr | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 95 | 100 | 92 | 84 | 111 | 121 | 126 | 145 |
| EBITDA | 20 | 22 | 19 | 15 | 26 | 28 | 30 | 33 |
| OPM % | 21.4% | 21.7% | 20.6% | 18.4% | 23.3% | 23.5% | 23.9% | 23.0% |
| Other income | 1 | 1 | 0 | 0 | 0 | 0 | 1 | 1 |
| Net profit | 14 | 15 | 11 | 7 | 14 | 16 | 18 | 19 |
| EPS (₹) | 1.06 | 1.18 | 0.87 | 0.55 | 1.10 | 1.28 | 1.36 | 1.42 |
| Revenue YoY | +16.7% | +21.1% | +37.2% | +72.4% | ||||
| Profit YoY | +4.2% | +8.4% | +57.1% | +162.1% |
Consolidated figures where filed. Latest quarter Jun 2026.
Profit & loss (yearly)
| ₹ cr | FY24 | FY25 | FY26 | TTM |
|---|---|---|---|---|
| Revenue | 318 | 376 | 442 | 503 |
| EBITDA | 62 | 79 | 100 | 118 |
| Net profit | 42 | 53 | 56 | 67 |
| EPS (₹) | 3.39 | 4.06 | 4.28 | 5.16 |
| Revenue growth | +18.3% | +17.5% | +35.6% | |
| Profit growth | +25.8% | +5.8% | +42.1% | |
| Dividend / share (₹) | – | 0.25 | 0.30 |
| Compounded growth | 3 years | 5 years | Last 12 months |
|---|---|---|---|
| Sales | – | – | +35.6% |
| Net profit | – | – | +42.1% |
| EPS | – | – | – |
| Share price | – | +60.3% (2y) | +186.0% |
Balance sheet
| ₹ cr | FY24 | FY25 | FY26 |
|---|---|---|---|
| Shareholders' equity | 293 | 342 | 447 |
| Borrowings | 0 | 1 | 1 |
| Cash & equivalents | 106 | 27 | 70 |
| Total assets | 375 | 427 | 565 |
| Fixed assets | 82 | 170 | 204 |
| Capital work in progress | 5 | 10 | 23 |
| Investments | 0 | 0 | 0 |
| Receivables | 95 | 117 | 130 |
| Inventory | 59 | 67 | 84 |
| Payables | 55 | 57 | 81 |
Year-end figures from the March annual filing.
Cash flow
| ₹ cr | FY24 | FY25 | FY26 |
|---|---|---|---|
| Cash from operations | 44 | 27 | 66 |
| Cash from investing | -35 | -74 | -120 |
| Cash from financing | 90 | -3 | 47 |
| Capex | 38 | 103 | 71 |
| Free cash flow | 6 | -77 | -5 |
Free cash flow = cash from operations − capex.
Ratios by year
| ₹ cr | FY24 | FY25 | FY26 |
|---|---|---|---|
| ROE % | 14.2% | 15.3% | 12.4% |
| ROCE % | 20.3% | 20.5% | 16.7% |
| Debtor days | 109 | 113 | 107 |
| Inventory days | 107 | 109 | 122 |
| Payable days | 100 | 93 | 117 |
| Cash conversion cycle (days) | 116 | 129 | 112 |
| Working capital days | 229 | 153 | 175 |
Shareholding
| Holder | % (2026-09-30) |
|---|---|
| Promoters | 65.47% |
| FIIs | 3.93% |
| DIIs | 1.41% |
| of which Mutual funds | 0.92% |
| of which Insurance | 0.00% |
| Government | 0.00% |
| Public (non-institutions) | 29.19% |
| Quarter | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Feb 2026 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters % | 66.99% | 66.99% | 66.99% | 66.99% | 65.47% | 65.47% | 65.47% | 65.47% |
| Promoter group | % |
|---|---|
| Aeroflex Enterprises Limited | 59.84% |
| Italica Global FZC | 5.63% |
| Public holders above 1% | % |
|---|---|
| Ashish Kacholia | 2.27% |
| Bengal Finance And Investment Private Limited | 2.06% |
1,21,628 shareholders. Pledged: – of promoter shares.
Peers in Iron & Steel Products
| Company | Market cap | P/E | P/B | ROE | ROCE | OPM | Sales 3y | Div yield |
|---|---|---|---|---|---|---|---|---|
| WELCORP | ₹61,798 cr | 26.7x | 6.8x | 27.8% | 19.2% | 13.9% | +19.8% | 0.21% |
| APLAPOLLO | ₹57,703 cr | 46.9x | 10.9x | 25.9% | 30.1% | 8.0% | +12.6% | 0.28% |
| SHYAMMETL | ₹31,351 cr | 28.0x | 2.7x | 7.8% | 14.2% | 12.9% | +13.7% | 0.36% |
| RATNAMANI | ₹16,345 cr | 37.8x | 4.0x | 11.2% | 15.7% | 16.7% | +0.1% | 0.60% |
| JINDALSAW | ₹14,824 cr | 26.9x | 1.2x | 4.4% | 7.2% | 9.5% | +0.1% | 0.86% |
| USHAMART | ₹14,192 cr | 27.9x | 4.3x | 16.8% | 20.1% | 19.6% | +4.1% | 0.64% |
| GALLANTT | ₹12,989 cr | 31.9x | 3.7x | 12.4% | 14.2% | 13.8% | +3.1% | 0.08% |
| GPIL | ₹11,769 cr | 14.6x | 2.0x | 15.1% | 18.7% | 21.4% | -2.2% | 0.54% |
| JAYNECOIND | ₹8,607 cr | 12.5x | 2.6x | 23.4% | 25.6% | 18.9% | +4.0% | – |
| AEROFLEX | ₹5,899 cr | 86.4x | 13.2x | 17.0% | 20.4% | 23.4% | – | 0.07% |
Dividends & corporate actions
| Ex-date | Action | Detail |
|---|---|---|
| 2026-07-14 | Dividend | Dividend - Rs 0.40 Per Share |
| 2025-07-29 | Dividend | Dividend - Rs 0.30 Per Share |
| 2024-06-28 | Other | Annual General Meeting |
| 2024-06-28 | Dividend | Dividend - Re 0.25 Per Share |
Documents
- Annual report FY26
- Annual report FY25
- Annual report FY25
- Annual report FY24
- Announcements NSE filings
- Latest results (data file) XBRL
- Announcements BSE filings
Links go to the original files on the exchange website.
About the company
| Sector | Industrials |
| Industry | Iron & Steel Products |
| Sub-industry | Iron & Steel Products |
| Symbol | AEROFLEX |
| BSE code | 543972 |
| ISIN | INE024001021 |
| Face value | ₹2.0 |
| Incorporated | – |
| Website | – |
| Plants (India / abroad) | – |
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.