AEROFLEXIndustrials

Aeroflex Industries Limited

Iron & Steel Products · ISIN INE024001021 · BSE 543972 · NSE EQ · FV ₹2
Last price
₹498
+3.43%today
What this company does

Aeroflex Industries Limited operates in Iron & Steel Products, part of the Industrials sector. It booked ₹145 cr of revenue in its latest quarter (Q1 FY27) and kept 12.9% of sales as profit.

In the report:
67out of 100
Equitytale Health Score
Solid

Healthier than 67% of companies in Industrials, on the 5 of 6 measures we could read for it. Each measure is ranked against the 234–290 companies that reported it.

Measures financial condition, not whether to buy. Learn what this score means · How this is calculated

Price momentum
neutral
RSI (14)
47

At close. Not part of the score.

Profitability & returns78

How much profit it earns on the money it employs

Balance sheet91

How much it owes, and whether earnings cover the interest

Cash quality50

Whether reported profit actually arrives as cash

Valuation9

What today's price implies, against our models or its peers

Governance & risk100

How much of the promoters' stake is pledged, and how much they hold · highest in its sector on what we could measure

Not measurable for this company: growth & consistency. Those pillars are left out of the score rather than counted as zero.

Is this company doing well?
not investment advice
Strengths
Makes a profit
Sales up 72% vs last year
Profit up 162% vs last year
Promoters hold 65%
No promoter shares pledged
Strong 17% return on equity
Virtually debt-free
Turns profit into real cash
Watch-outs
None flagged from our data

What if I invest in AEROFLEX?

Set a growth rate and see what a monthly SIP would add up to. Your assumption, our arithmetic.

You would put in
₹12.00 lakh
120 instalments
At 10% a year, it would become
₹20.15 lakh

The starting rate is a round number, not a view on this company — this is your assumption, and the figure above is arithmetic on it. Returns are not steady year to year, and a real holding would not grow in a straight line. We do not publish price targets or predict returns.

Key ratios · latest quarter + price
₹498 +3.43%
latest close · 2026-09-17
52-wk low ₹40242 sessions so far52-wk high ₹584
Is it cheap or expensive?
What you pay for the profits, book value and cash flow. Higher isn't automatically worse — it can signal faster growth.
P/E ratio87.6High
LowAverageHigh
P/B ratio14.72High
Below bookModerateHigh
EV / EBITDA48.2High
LowAverageHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity16.8%Strong
WeakFairStrong ▸15%
Return on capital23.1%Strong
WeakFairStrong
Net margin12.9%Decent
ThinDecentStrong
EBITDA margin23.4%Healthy
ThinDecentHealthy
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity0.00Comfortable
LowModerateHigh ▸1
Interest cover74.4×Strong
RiskyOkayStrong ▸5×
Current ratio2.91Ample
Tight ◂1HealthyAmple
More figures
Market cap
₹6,585 cr
Book value
₹34
EPS
₹1.42
latest quarter
Net debt
₹-18 cr
more cash than debt
Enterprise value
₹6,567 cr
EBITDA
₹136 cr
annualised
EBIT
₹105 cr
annualised
Operating margin
18.1%
Return on assets
13.3%
Earnings yield
1.14%
P/S
11.32
Sales / share
₹43.9
Tax rate
27.4%
Face value
₹2
Shares
13.2 cr
Working capital
₹212 cr
Current assets
₹323 cr
Current liabilities
₹111 cr
Delivery %
34.8%
Strong / safeFairWeak / riskyValuation — a level, not good/badBands are general rules of thumb, not advice.

P/E, ROE, ROCE and margins are annualised from the latest quarter; per-share and balance-sheet ratios use the most recent balance sheet on file · prices as of 2026-09-17.

Worth vs price · from the FY 2026 report & filings
not investment advice
Hard to value confidentlyLow confidence
The market price is far above what these earnings- and book-based models support — a fast-growing or asset-light business can trade well above them for years, so we won't put a confident number on how overpriced it is.
Models span ₹34₹85, midpoint ₹59

An educational model from the company's own filings, every assumption shown — not investment advice or a price target. Prices can stay above or below any model for years.

P&L · Q1 FY27 (consolidated)
Revenue from Operations₹145 cr
Other Income₹59.7 L
Total Income₹146 cr
Cost of Materials₹84 cr
Purchases of Stock-in-Trade₹0 cr
Inventory Change (±)₹-4 cr
Employee Benefit Expense₹14 cr
Finance Costs₹35.3 L
Depreciation & Amortisation₹8 cr
Other Expenses₹17 cr
Total Expenses₹120 cr
Profit before Tax₹26 cr
Tax Expense₹7 cr
Net Profit₹19 cr
Net margin on total income12.9%
Where the money goes · Q1 FY27
% of total income
Materials + stock-in-trade₹81 cr55.3%
Employee benefit expense₹14 cr9.6%
Finance costs₹35.3 L0.2%
Depreciation & amortisation₹8 cr5.4%
Other expenses₹17 cr11.8%
Tax expense₹7 cr4.9%
Profit for the period₹19 cr12.9%
Total income ₹146 cradds up to ₹100 ✓
Quarterly results · consolidated (₹ cr)
MetricQ3 FY26Q4 FY26Q1 FY27
Revenue121 cr126 cr145 cr
Total income121 cr126 cr146 cr
Expenses99 cr104 cr120 cr
Profit before tax22 cr23 cr26 cr
Tax6 cr5 cr7 cr
Net profit (owners' share)16 cr18 cr19 cr
Net margin (owners' share, on revenue)13.6%14.0%12.9%
EPS (₹)1.281.361.42
YoY (latest quarter): total income +72.4% · net profit +162.2%
Balance sheet & cash flow · as of Mar 2026
Debt-free
Total assets
₹565 cr
Shareholder equity
₹447 cr
parent shareholders
Total debt
₹1 cr
Cash
₹19 cr
Cash flow · H1 FY26
Operating
₹27 cr
Investing
₹-20 cr
Financing
₹-5 cr
Peer comparison
Iron & Steel Products · by market value
CompanyPriceMarket capP/E
Welspun Corp Limited₹2,460₹64,903 cr15.5
APL Apollo Tubes Limited₹2,149₹59,664 cr56.7
Shyam Metalics and Energy Limited₹1,077₹29,982 cr21.4
Ratnamani Metals & Tubes Limited₹2,703₹18,943 cr57.6
Jindal Saw Limited₹291₹18,622 cr44.7
Usha Martin Limited₹496₹15,122 cr26.6
Godawari Power And Ispat limited₹238₹14,709 cr16.6
Gallantt Ispat Limited₹538₹12,974 cr26.2
Maharashtra Seamless Limited₹720₹9,651 cr9.1
Same industry · latest reported numbers · not a recommendation.
Corporate actions
Dividend yield
0.08%
trailing 12 months
Dividend / share (TTM)
₹0.4
Last dividend
₹0.4
ex 14 Jul 2026
ActionDetailEx-date
Dividend₹0.4 / share14 Jul 2026
Dividend₹0.3 / share29 Jul 2025
Dividend₹0.25 / share28 Jun 2024
Who owns it · 2026-06-30
No pledge
Promoter
65.5%
FII / Foreign
3.6%
DII / Domestic
1.5%
Retail / others
29.5%
Promoter stake down 1.5% over the last 12 quarters.
Smart-money activity
Bulk / block deals
short · NSE5015 Sep 26
short · NSE63026 Aug 26
short · NSE16213 Aug 26
What shareholders were asked to approve
1 proposal passed only on promoter votes

A company cannot decide everything on its own. Things like a top executive’s pay, issuing new shares, or re-appointing a director have to be put to the people who own the company, and they vote — one vote per share. So whoever owns the most shares has the most say.

Special shareholder meeting · 15 Jan 2026
See the official result
1
ISSUANCE OF EQUITY SHARES TO NON-PROMOTERS ON A PREFERENTIAL ALLOTMENT BASIS
Backed by 100% of shareholders other than promotersneeded 75%
38.23 L votes for, 1,791 against · 0% of mutual funds and other big investors said no

Every vote count above is taken from the result the company filed with the stock exchange, certified by an independent counter. To work out what would have happened without the promoters, we simply remove their votes and re-apply the same legal bar the proposal had to clear. Nothing here is an estimate or an opinion.

Who controls this company, and what it pays them

Most Indian companies are controlled by a family or group — the promoters. The exchange requires them to be listed by name, including members who own no shares at all, and requires the company to disclose any business it does with them.

The promoter group — 2 named members
owning 65.5% between them · as of 2026-06-30
Aeroflex Enterprises Limited59.84%
Italica Global - F.Z.C.5.63%
Business done with them
FY2026 · 1 of the group
The company paid ₹36.5 L to companies in the promoter group last year — about 0.1% of its ₹442 cr revenue and received ₹23 cr back from them.
Italica Global FZC
Sold goods to them · Sales, Business Development Service and Dividend Paid
also owns 5.63% of the company
₹23 cr
company received
Italica Global FZC
Paid them for services · Sales, Business Development Service and Dividend Paid
also owns 5.63% of the company
₹36.5 L
company paid

Names and holdings from the company’s shareholding pattern filed with the exchange; transactions from the related-party note in its annual report. Every figure is as filed — these are legal, disclosed dealings, and what to make of them is your call.

Money it raised, and what it did with it

When a company raises money from investors, it has to say up front what the money is for. The rules then make it report, every three months until the money is gone, how much of each of those things it has actually paid for — so a promise made while asking for the money can be checked afterwards.

₹55 cr raised in Feb 2026 by selling shares to selected investors

As of Jun 2026, the company says it has spent 80% of what it set aside, leaving ₹11 cr still to be spent.

Long-term working capital
98%
₹41 cr of ₹42 cr
General Corporate Purpose
14%
₹2 cr of ₹12 cr
Preferential Issue Expenses-Advisory Fees
100%
₹1 cr of ₹1 cr
Preferential Issue expenses-Board Meetings, Extra- Ordinary General Meetings and Miscellaneous expenses
100%
₹3.4 L of ₹3.4 L
Spent by quarter: 23%80% (to Jun 2026)

Every figure above is taken from the statement the company files with the stock exchange each quarter, for as long as money it has raised remains unspent. The only thing we work out is how much of each stated purpose has been paid for — one number divided by another from the same filing. Whether a plan that changed was a good change is not something a filing can tell you. See the filing

How the stock has moved · adjusted for splits & bonuses
Data from primary exchange filings · analysis tool, not investment advice.