Aeroflex Enterprises Ltd.

•

aeroflexgroup.in / www.satgroup.inBSE: 511076NSE: AEROENTER

Market Cap₹ 1,589 Cr.

Current Price

High / Low₹ 150 / 62

Stock P/E16.0

Book Value₹ 40

Price to Book2.02

Dividend Yield0.28 %

ROCE3.1 %

ROE3.1 %

Face Value₹ 2

Add ratio to table

ABOUT

KEY POINTS

Revenue Breakup Mar 2023 • Manufacturing: 91.8% • Finance & Investment: 6.8% • Trading: 1.4%

AI Sector View

AI GENERATED

Oil Gas & Consumable Fuels

Reduce

Sector economics are clouded by input volatility and uneven volume trends. WPI fuel inflation is very high at 20.05% (Jul/26), crude oil output is -5.3% YoY (2026-07), natural gas is -3.7% YoY (2026-07), and natural gas consumption is -3.0% YoY (2026-06), although refinery products grew 2.7% YoY (2026-07) and coal was 7.6% YoY (2026-07). Heavy FPI outflows of INR -15293 crore over 3 months to 2026-08-31 and negative oil-linked news flow reinforce the underweight.

Confidence

78%

View full sector analysis →

PROS

Company is almost debt free
Company has a healthy return on capital (ROCE) of 36.8%
Company has a good return on equity (ROE) track record: 3 Years ROE 34.8%
Latest quarter profit grew 2964.3% YoY, showing strong momentum
Company has been maintaining a healthy dividend payout of 41.0%

CONS

Operating cash flow has been negative in recent years
A large part of profit comes from other income (104.5% of PBT)
Poor cash conversion - profits are not backed by operating cash flow (CFO/PAT -0.41x)
Operating margins have contracted to 3.9% from 10.6%
Rich enterprise valuation - EV/EBITDA of 57.7x

* The pros and cons are machine generated based on quantitative rules.

Peer comparison

Oil Gas & Consumable FuelsTradingTrading

Part ofNIFTY 50 NIFTY 500 NIFTY LARGEMIDCAP 250 NIFTY 100 NIFTY 200

S.No.	Name
1.	ADANIENT	2894.80	52.64	391875.62	0.04	-1461.54	-249.67	32923.98	49.92	13.30	15.57
2.	PREMIERENE	999.50	27.25	45372.45	0.10	471.92	53.32	2462.59	35.25	33.72	29.03
3.	CPPLUS	3715.75	92.10	43957.48	0.04	142.20	332.51	1402.42	89.51	29.48	14.52
4.	AEGISLOG	1242.80	34.86	43622.28	0.70	544.84	210.70	2356.86	37.07	19.76	30.28
5.	REDINGTON	363.00	16.68	28378.41	1.65	453.49	94.65	34922.47	34.57	18.96	2.03
6.	HONASA	470.45	61.63	15337.81	0.64	90.45	118.87	755.95	27.00	8.99	14.58
7.	LLOYDSENT	70.95	96.45	10830.89	0.21	109.98	-55.77	563.03	70.15	12.84	18.07
8.	SGMART	825.65	83.70	10406.10	0.00	45.58	41.07	1308.57	14.41	10.43	4.49
9.	MMTC	62.14	20.84	9321.00	0.00	104.24	135.52	0.68	-50.00	33.46	-1423.53
10.	ENTERO	1799.70	62.46	7832.85	0.00	52.05	72.17	1940.50	38.23	10.93	5.00
11.	CELLO	346.70	24.48	7658.08	0.43	73.40	-8.99	526.72	-0.43	17.15	18.80
12.	AEROENTER	140.45	10.55	1589.39	0.28	103.22	615.77	189.00	40.54	14.81	9.14

Detailed Comparison with:

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	23	26	18	2	1	1	1	1	1	4	2	2	3
	20	25	17	2	1	1	2	1	2	3	2	1	26
Operating Profit	2	1	1	0	1	-0	-1	-0	-0	-1	0	0	-23
OPM %	9.97%	4.40%	5.18%	6.71%	37.06%	-5.26%	-146.15%	-23.23%	-42.61%	-14.77%	7.51%	17.96%	-830.70%
Other Income	71	187	6	5	5	7	3	3	2	5	1	4	154
Interest	0	1	1	1	0	0	0	0	0	0	0	0	0
Depreciation	0	0	0	0	0	0	-0	0	0	0	0	0	0
	74	187	6	5	5	6	2	3	2	4	1	4	130
Tax %	21.71%	11.87%	30.21%	26.86%	24.95%	25.43%	-12.58%	96.54%	-61.08%	14.71%	25.00%	10.27%	29.84%
Net Profit	58	165	4	3	4	5	2	0	3	4	1	4	91
	5	15	0	0	0	0	0	0	0	0	0	0	1
Equity Capital	23	23	23	23	23	23	23	23	23	23	23	23	23
Reserves	0	0	0	0	0	0	0	0	0	0	0	0	0
Promoter Pledge %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
	48	52	34	21	6	19	107	67	4	8	10
	46	46	29	20	4	15	102	63	5	8	32
Operating Profit	2	6	5	1	2	8	11	274	17	12	—
OPM %	5	11	16	7	30	42	11	412	388	142	—
Other Income	0	0	0	1	0	4	6	270	18	12	163
Interest	0	0	1	0	0	1	2	2	1	0	0
Depreciation	0	0	0	0	0	1	1	1	0	0	0
	14	6	4	1	1	6	9	271	15	11	139
Tax %	1	19	25	40	34	17	16	15	34	1	29
Net Profit	14	4	3	1	1	5	7	230	10	11	99
EPS	0	0	0	0	0	0	1	20	1	1	—
Dividend Payout %	0	24	32	0	129	34	30	1	33	41	—
Minority Interest	0	0	0	0	0	0	0	0	0	0	0
Share of Associates	0	0	0	0	0	0	0	0	0	0	0
Adjusted EPS	1	0	0	0	0	0	1	20	1	1	—

COMPOUNDED SALES GROWTH

10 Years:: -16%
5 Years:: 8%
3 Years:: -57%

COMPOUNDED PROFIT GROWTH

10 Years:: —
5 Years:: 66%
3 Years:: 14%

STOCK PRICE CAGR

10 Years:: —
5 Years:: —
3 Years:: —
1 Year:: 59%

RETURN ON EQUITY

10 Years:: 16%
5 Years:: 23%
3 Years:: 35%
Last Year:: 3%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
LIABILITIES	-	-	-	-	-	-	-	-	-	-
Equity Capital	20	22	22	23	23	23	23	23	23	23
	53	69	70	84	85	93	98	325	334	341
	0	0	0	0	0	29	35	29	0	0
Trade Payables	20	7	5	6	0	5	7	2	1	1
	6	7	5	5	4	2	3	7	2	2
Total Liabilities	98	104	102	118	113	151	165	385	359	366
ASSETS	-	-	-	-	-	-	-	-	-	-
	2	4	6	6	6	8	6	8	7	8
	39	39	38	53	54	53	55	64	123	154
	0	0	0	0	0	4	4	0	0	0
	0	0	0	0	0	0	0	12	11	10
Cash & Bank	14	5	1	0	4	3	18	210	144	45
	43	56	57	59	49	83	82	92	75	149
Total Assets	98	104	102	118	113	151	165	385	359	366
Total Debt	0	1	1	1	0	29	35	29	0	1
Net Working Capital	33	47	45	42	45	49	46	225	184	149
Contingent Liabilities	0	0	55	55	58	92	94	41	40	40
Book Value per Share	7.37	8.36	8.52	9.47	9.55	10.22	10.63	30.73	31.50	32.15
Face Value	2.00	2.00	2.00	2.00	2.00	2.00	2.00	2.00	2.00	2.00

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	-27	-12	2	-1	5	0	15	-54	20	-69
Cash from Investing	-6	-2	-2	-14	-1	1	5	46	12	72
Cash from Financing	36	13	-2	15	-0	-3	-5	-10	-32	-3
	3	-1	-1	-1	4	-1	15	-18	0	0
Free Cash Flow	-28	-14	1	-2	5	-4	15	-56	20	-70
OCF / Net Profit	-1.98	-2.67	0.67	-1.94	6.26	0.08	1.97	-0.23	1.95	-6.27
Cumulative 5-Year FCF	0	0	0	0	-38	-14	15	-42	-20	-95

Ratios

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
PER SHARE
EPS (₹)	1.39	0.42	0.31	0.06	0.08	0.45	0.66	20.34	0.91	0.98
Book Value (₹)	7.37	8.36	8.52	9.47	9.55	10.22	10.63	30.73	31.50	32.15
Dividend per Share (₹)	0.00	0.10	0.10	0.00	0.10	0.15	0.20	0.30	0.30	0.40
Cash EPS (₹)	1.40	0.43	0.33	0.08	0.11	0.50	0.71	20.39	0.94	1.01
PROFITABILITY
Operating Margin %	4.73%	11.45%	15.81%	6.77%	30.42%	42.20%	10.59%	5.58%	-24.27%	3.92%
Net Margin %	28.49%	8.72%	9.70%	3.00%	15.24%	26.32%	6.92%	345.65%	239.65%	130.42%
ROE %	33.36%	5.53%	3.66%	0.63%	0.82%	4.51%	6.31%	98.37%	2.92%	3.06%
ROCE %	26.27%	6.89%	5.61%	1.09%	1.29%	5.90%	7.23%	102.83%	4.41%	3.10%
	16.81%	4.43%	3.23%	0.57%	0.76%	3.82%	4.71%	83.71%	2.76%	3.04%
EFFICIENCY
Debtor Days	214	103	73	91	177	43	20	56	960	454
Inventory Days	0	0	0	0	0	38	13	0	0	0
Payable Days	222	112	82	132	831	71	24	30	0	100
	-8	-9	-10	-40	-653	10	9	26	960	354
FINANCIAL HEALTH
Debt to Equity (x)	0.01x	0.01x	0.01x	0.01x	0.00x	0.25x	0.29x	0.08x	0.00x	0.00x
Interest Coverage (x)	522.83x	25.21x	7.55x	18.88x	24.67x	5.32x	5.47x	122.98x	22.19x	309.18x
	2.49x	4.52x	6.14x	5.26x	13.75x	2.44x	2.07x	7.24x	168.66x	142.29x
GROWTH
Revenue Growth %	-0.88%	7.39%	-33.29%	-39.37%	-72.38%	232.59%	461.48%	-38.06%	-93.56%	97.41%
Operating Profit Growth %	410.09%	159.67%	-7.86%	-74.04%	24.14%	361.37%	40.89%	2308.89%	-93.94%	-27.81%
Net Profit Growth %	4687.01%	-67.13%	-25.78%	-81.25%	40.33%	474.52%	47.57%	2995.00%	-95.54%	7.43%
	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	2995.21%	-95.54%	7.42%
VALUATION
P/E (x)	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	4.28x	88.82x	66.76x
P/B (x)	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	2.83x	2.56x	2.02x
Dividend Yield %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.34%	0.37%	0.61%
	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	2.93x	46.29x	57.73x

Shareholding Pattern

Numbers in percentages

	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	51.59	51.59	51.59	51.59	51.59	51.59	51.59	51.59	52.30
	1.11	0.60	0.56	0.50	0.50	0.46	0.56	0.54	1.25
	0.21	0.00	0.00	0.04	0.04	0.04	0.04	0.06	0.07
Government	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	47.10	47.81	47.85	47.87	47.87	47.91	47.81	47.81	46.39

Documents

Corporate disclosures, annual reports, credit ratings, and concall transcripts

2026-08-15

Copy of Newspaper Publication

2026-08-15 - Newspaper Publication regarding the Notice of 41st AGM of Aeroflex Enterprises Limited

2026-08-14

Updates

2026-08-14 - We are enclosing herewith the intimation regarding letter dispatched to the shareholders whose e-mail is not registered with the Company/RTA/DPs, containing the weblink of the Company's website where the Annual Report for the F.Y 2025-26 can be accessed'.

2026-08-14

Updates

2026-08-14 - The Register of Members and Share Transfer Books will remain closed from Wednesday, September 02, 2026, to Tuesday, September 08, 2026. (both days inclusive)

2026-08-14

Record Date

2026-08-14 - Aeroflex Enterprises Limited has informed the Exchange that Record date for the purpose of Dividend is 01-Sep-2026.

2026-08-14

Shareholders meeting

2026-08-14 - We are enclosing herewith the Notice of 41st Annual General Meeting of the Company scheduled to be held on Tuesday, September 08, 2026 at 11:00 a.m. through VC/OAVM.

2026-08-13

Copy of Newspaper Publication

2026-08-13 - Newspaper publication for extract of Unaudited financial results for quarter ended June 30, 2026

2026-08-12

Copy of Newspaper Publication

2026-08-12 - Newspaper Advertisement for the Information regarding 41st Annual General Meeting of Aeroflex Enterprises Limited.

2026-08-11

Investor Presentation

2026-08-11 - Aeroflex Enterprises Limited has informed the Exchange about Investor Presentation

2026-08-11

Outcome of Board Meeting

2026-08-11 - The un-audited Standalone and Consolidated Financial Results of the Company for the quarter ended June 30, 2026, along with Limited Review Reports

News

Recent coverage and analyst commentary for AEROENTER

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Name

ADANIENT

2894.80

52.64

391875.62

0.04

-1461.54

-249.67

32923.98

49.92

13.30

15.57

PREMIERENE

999.50

27.25

45372.45

0.10

471.92

53.32

2462.59

35.25

33.72

29.03

CPPLUS

3715.75

92.10

43957.48

0.04

142.20

332.51

1402.42

89.51

29.48

14.52

AEGISLOG

1242.80

34.86

43622.28

0.70

544.84

210.70

2356.86

37.07

19.76

30.28

REDINGTON

363.00

16.68

28378.41

1.65

453.49

94.65

34922.47

34.57

18.96

2.03

HONASA

470.45

61.63

15337.81

0.64

90.45

118.87

755.95

27.00

8.99

14.58

LLOYDSENT

70.95

96.45

10830.89

0.21

109.98

-55.77

563.03

70.15

12.84

18.07

SGMART

825.65

83.70

10406.10

0.00

45.58

41.07

1308.57

14.41

10.43

4.49

MMTC

62.14

20.84

9321.00

0.00

104.24

135.52

0.68

-50.00

33.46

-1423.53

ENTERO

1799.70

62.46

7832.85

0.00

52.05

72.17

1940.50

38.23

10.93

5.00

CELLO

346.70

24.48

7658.08

0.43

73.40

-8.99

526.72

-0.43

17.15

18.80

AEROENTER

140.45

10.55

1589.39

0.28

103.22

615.77

189.00

40.54

14.81

9.14

Jun 2023

Sep 2023

Dec 2023

Mar 2024

Jun 2024

Sep 2024

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Jun 2026

Operating Profit

-0

-1

-0

-1

-23

OPM %

9.97%

4.40%

5.18%

6.71%

37.06%

-5.26%

-146.15%

-23.23%

-42.61%

-14.77%

7.51%

17.96%

-830.70%

Other Income

187

154

Interest

Depreciation

-0

187

130

Tax %

21.71%

11.87%

30.21%

26.86%

24.95%

25.43%

-12.58%

96.54%

-61.08%

14.71%

25.00%

10.27%

29.84%

Net Profit

165

Equity Capital

Reserves

Promoter Pledge %

0.00%

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

TTM

107

102

Operating Profit

274

—

OPM %

412

388

142

—

Other Income

270

163

Interest

Depreciation

271

139

Tax %

Net Profit

230

EPS

—

Dividend Payout %

129

—

Minority Interest

Share of Associates

Adjusted EPS

—

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

LIABILITIES

Equity Capital

325

334

341

Trade Payables

Total Liabilities

104

102

118

113

151

165

385

359

366

ASSETS

123

154

Cash & Bank

210

144

149

Total Assets

104

102

118

113

151

165

385

359

366

Total Debt

Net Working Capital

225

184

149

Contingent Liabilities

Book Value per Share

7.37

8.36

8.52

9.47

9.55

10.22

10.63

30.73

31.50

32.15

Face Value

2.00

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

-27

-12

-1

-54

-69

Cash from Investing

-6

-2

-14

-1

Cash from Financing

-2

-0

-3

-5

-10

-32

-3

-1

-18

Free Cash Flow

-28

-14

-2

-4

-56

-70

OCF / Net Profit

-1.98

-2.67

0.67

-1.94

6.26

0.08

1.97

-0.23

1.95

-6.27

Cumulative 5-Year FCF

-38

-14

-42

-20

-95

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

PER SHARE

EPS (₹)

1.39

0.42

0.31

0.06

0.08

0.45

0.66

20.34

0.91

0.98

Book Value (₹)

7.37

8.36

8.52

9.47

9.55

10.22

10.63

30.73

31.50

32.15

Dividend per Share (₹)

0.00

0.10

0.00

0.10

0.15

0.20

0.30

0.40

Cash EPS (₹)

1.40

0.43

0.33

0.08

0.11

0.50

0.71

20.39

0.94

1.01

PROFITABILITY

Operating Margin %

4.73%

11.45%

15.81%

6.77%

30.42%

42.20%

10.59%

5.58%

-24.27%

3.92%

Net Margin %

28.49%

8.72%

9.70%

3.00%

15.24%

26.32%

6.92%

345.65%

239.65%

130.42%

ROE %

33.36%

5.53%

3.66%

0.63%

0.82%

4.51%

6.31%

98.37%

2.92%

3.06%

ROCE %

26.27%

6.89%

5.61%

1.09%

1.29%

5.90%

7.23%

102.83%

4.41%

3.10%

16.81%

4.43%

3.23%

0.57%

0.76%

3.82%

4.71%

83.71%

2.76%

3.04%

EFFICIENCY

Debtor Days

214

103

177

960

454

Inventory Days

Payable Days

222

112

132

831

100

-8

-9

-10

-40

-653

960

354

FINANCIAL HEALTH

Debt to Equity (x)

0.01x

0.00x

0.25x

0.29x

0.08x

0.00x

Interest Coverage (x)

522.83x

25.21x

7.55x

18.88x

24.67x

5.32x

5.47x

122.98x

22.19x

309.18x

2.49x

4.52x

6.14x

5.26x

13.75x

2.44x

2.07x

7.24x

168.66x

142.29x

GROWTH

Revenue Growth %

-0.88%

7.39%

-33.29%

-39.37%

-72.38%

232.59%

461.48%

-38.06%

-93.56%

97.41%

Operating Profit Growth %

410.09%

159.67%

-7.86%

-74.04%

24.14%

361.37%

40.89%

2308.89%

-93.94%

-27.81%

Net Profit Growth %

4687.01%

-67.13%

-25.78%

-81.25%

40.33%

474.52%

47.57%

2995.00%

-95.54%

7.43%

0.00%

2995.21%

-95.54%

7.42%

VALUATION

P/E (x)

0.00x

4.28x

88.82x

66.76x

P/B (x)

0.00x

2.83x

2.56x

2.02x

Dividend Yield %

0.00%

0.34%

0.37%

0.61%

0.00x

2.93x

46.29x

57.73x

Jun 2024

Sep 2024

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Jun 2026

51.59

52.30

1.11

0.60

0.56

0.50

0.46

0.56

0.54

1.25

0.21

0.00

0.04

0.06

0.07

Government

0.00

47.10

47.81

47.85

47.87

47.91

47.81

46.39

Aeroflex Enterprises Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

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Shareholding Pattern

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Aeroflex Enterprises Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

Sign in to Chat with AI