Aeron Composite Ltd.

•

aeroncomposite.comBSE: -NSE: AERON

Market Cap₹ 145 Cr.

Current Price

High / Low₹ 122 / 70

Stock P/E16.6

Book Value₹ 64

Price to Book2.16

Dividend Yield0.00 %

ROCE21.2 %

ROE19.6 %

Face Value₹ 10

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ABOUT

KEY POINTS

Revenue Breakup Mar 2019 • Domestic: 84.5% • Exports: 15.5%

AI Sector View

AI GENERATED

Capital Goods

Buy

Capital goods is supported by strong public capex and still-expansionary industrial activity. Capital expenditure rose 66% YoY (2026-06), GST collections grew 8% YoY (2026-07), and the core industries Overall Index increased 5.4% YoY (2026-07). E-way bills slowed to 6% YoY (2026-07) and sector FPI flows show INR -9697 crore net outflow over 3 months to 2026-08-31, but the investment cycle and fiscal impulse remain favorable.

Confidence

72%

View full sector analysis →

PROS

Company has delivered good profit growth of 35.8% CAGR over last 5 years
Company has a healthy return on capital (ROCE) of 30.2%
Company has a good return on equity (ROE) track record: 3 Years ROE 28.3%
Company has delivered good sales growth of 22.7% CAGR over last 5 years
Company comfortably covers its interest (8.7x coverage)
Attractively priced for its growth - PEG of 0.3

CONS

Operating cash flow has been negative in recent years
A large part of profit comes from other income (30.0% of PBT)
Poor cash conversion - profits are not backed by operating cash flow (CFO/PAT 0.47x)
Equity base is being diluted - shares outstanding up 1209.2%
Total debt has risen sharply - up 284.6% year on year
Working capital days have increased from 34 to 111 days

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

Peer comparison

Capital GoodsPlastic ProductsPlastic Products

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

S.No.	Name
1.	SUPREMEIND	3500.65	43.07	44467.66	1.03	280.72	38.76	2717.66	4.16	21.49	17.33
2.	ASTRAL	1460.00	68.15	39222.92	0.27	120.20	51.77	1578.00	15.93	19.95	14.65
3.	GRWRHITECH	6911.40	41.40	16056.84	0.17	132.65	59.78	633.08	27.90	18.08	27.17
4.	SHAILY	3371.35	87.71	15506.61	0.09	48.01	16.75	280.67	13.77	29.46	29.59
5.	FINPIPE	157.05	15.83	9744.59	1.75	114.52	16.67	883.58	-15.30	12.73	12.09
6.	TIMETECHNO	185.00	18.64	9132.25	0.81	1178.60	1120.71	16927.10	1151.40	17.37	13.25
7.	KINGFA	6211.15	37.30	8416.97	0.00	80.21	101.58	688.57	49.06	30.70	16.12
8.	RESPONIND	169.25	44.54	4512.35	0.06	2.74	-94.51	192.87	-43.06	10.76	12.09
9.	POLYPLEX	1124.45	22.73	3529.93	0.27	171.07	386.02	2253.62	29.62	1.51	13.15
10.	PRINCEPIPE	279.60	30.27	3091.29	0.36	337.49	6900.41	6094.18	949.97	6.20	12.66
11.	NILKAMAL	2067.60	24.75	3085.38	0.97	24.40	59.20	819.73	-7.18	10.76	9.44
12.	AERON	85.00	16.60	144.67	0.00	—	—	—	—	21.21	—

Detailed Comparison with:

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

No quarterly results found

We don't have this information yet. Please check back later.

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
	29	30	45	63	77	79	108	179	200	215
	26	28	42	58	72	73	102	169	184	197
Operating Profit	3	2	3	5	6	6	6	10	16	18
OPM %	9.33%	7.76%	6.84%	7.29%	7.24%	7.98%	5.76%	5.67%	8.05%	8.50%
	0	0	0	0	1	0	2	3	2	5
Interest	1	1	1	1	1	1	1	2	1	2
Depreciation	1	1	1	1	1	2	2	2	2	3
Profit before Tax	1	1	2	3	4	4	5	10	15	18
Tax %	33.51%	34.31%	30.21%	28.39%	28.80%	30.02%	27.85%	30.92%	30.31%	26.62%
Net Profit	1	1	1	2	3	3	4	7	10	13
EPS	0.00	0.00	0.00	0.00	0.00	2.08	2.95	45.90	64.53	7.84
Dividend Payout %	0.00%	0.00%	0.00%	0.00%	0.00%	5.09%	3.59%	2.37%	0.00%	0.00%

COMPOUNDED SALES GROWTH

10 Years:: 28%
5 Years:: 23%
3 Years:: 26%

COMPOUNDED PROFIT GROWTH

10 Years:: 42%
5 Years:: 36%
3 Years:: 54%

STOCK PRICE CAGR

10 Years:: —
5 Years:: —
3 Years:: —
1 Year:: -25%

RETURN ON EQUITY

10 Years:: 29%
5 Years:: 27%
3 Years:: 28%
Last Year:: 20%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Equity Capital	1	1	1	1	1	1	1	2	2	17
	1	2	3	5	8	11	14	24	34	84
	6	6	7	9	12	9	11	14	10	43
Trade Payables	4	5	7	11	10	18	28	22	41	51
	3	3	2	3	5	5	7	8	14	10
Total Liabilities	15	17	21	30	38	44	61	69	101	206
	3	4	3	5	9	8	8	9	18	20
Capital Work in Progress	0	0	0	0	0	0	0	0	4	35
	5	7	7	9	9	11	22	19	25	54
	0	0	0	0	0	0	0	0	41	45
Cash & Bank	1	0	0	1	4	1	1	2	5	46
	7	6	10	15	16	23	31	39	8	7
Total Assets	15	17	21	30	38	44	61	69	101	206

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
	2	2	0	4	6	4	2	4	21	-9
Cash from Investing	-1	-1	0	-3	-5	-2	-2	-4	-14	-34
Cash from Financing	-1	-1	-0	1	3	-4	1	3	-4	84
	-0	-0	-0	1	3	-2	-1	1	3	41

Ratios

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025

Shareholding Pattern

Numbers in percentages

	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Sep 2024	Mar 2025	Sep 2025	Mar 2026
	100.00	100.00	100.00	100.00	73.63	73.63	73.63	73.63
	0.00	0.00	0.00	0.00	4.90	0.39	0.73	0.73
	0.00	0.00	0.00	0.00	3.49	2.98	0.25	0.25
Government	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Public	0.00	0.00	0.00	0.00	17.98	23.00	25.39	25.38

Documents

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

No announcements filed.

News

Recent coverage and analyst commentary for AERON

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AI Stock Analyst

Aeron Composite Ltd.

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Name

SUPREMEIND

3500.65

43.07

44467.66

1.03

280.72

38.76

2717.66

4.16

21.49

17.33

ASTRAL

1460.00

68.15

39222.92

0.27

120.20

51.77

1578.00

15.93

19.95

14.65

GRWRHITECH

6911.40

41.40

16056.84

0.17

132.65

59.78

633.08

27.90

18.08

27.17

SHAILY

3371.35

87.71

15506.61

0.09

48.01

16.75

280.67

13.77

29.46

29.59

FINPIPE

157.05

15.83

9744.59

1.75

114.52

16.67

883.58

-15.30

12.73

12.09

TIMETECHNO

185.00

18.64

9132.25

0.81

1178.60

1120.71

16927.10

1151.40

17.37

13.25

KINGFA

6211.15

37.30

8416.97

0.00

80.21

101.58

688.57

49.06

30.70

16.12

RESPONIND

169.25

44.54

4512.35

0.06

2.74

-94.51

192.87

-43.06

10.76

12.09

POLYPLEX

1124.45

22.73

3529.93

0.27

171.07

386.02

2253.62

29.62

1.51

13.15

PRINCEPIPE

279.60

30.27

3091.29

0.36

337.49

6900.41

6094.18

949.97

6.20

12.66

NILKAMAL

2067.60

24.75

3085.38

0.97

24.40

59.20

819.73

-7.18

10.76

9.44

AERON

85.00

16.60

144.67

0.00

—

21.21

—

Mar 2016

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

108

179

200

215

102

169

184

197

Operating Profit

OPM %

9.33%

7.76%

6.84%

7.29%

7.24%

7.98%

5.76%

5.67%

8.05%

8.50%

Interest

Depreciation

Profit before Tax

Tax %

33.51%

34.31%

30.21%

28.39%

28.80%

30.02%

27.85%

30.92%

30.31%

26.62%

Net Profit

EPS

0.00

2.08

2.95

45.90

64.53

7.84

Dividend Payout %

0.00%

5.09%

3.59%

2.37%

0.00%

Mar 2016

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Equity Capital

Trade Payables

Total Liabilities

101

206

Capital Work in Progress

Cash & Bank

Total Assets

101

206

Mar 2016

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

-9

Cash from Investing

-1

-3

-5

-2

-4

-14

-34

Cash from Financing

-1

-0

-4

-0

-2

-1

Mar 2016

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Sep 2024

Mar 2025

Sep 2025

Mar 2026

100.00

73.63

0.00

4.90

0.39

0.73

0.00

3.49

2.98

0.25

Government

0.00

Public

0.00

17.98

23.00

25.39

25.38

Aeron Composite 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

Aeron Composite 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