Aeroflex Neu Ltd.
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ABOUT
KEY POINTS
Revenue Breakup Mar 2026 • Manufacturing: 97.3% • Engineering Services: 1.9% • Others: 0.9%
AI Sector View
AI GENERATEDCapital Goods
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.
PROS
- Company has delivered good sales growth of 21.3% CAGR over last 5 years
- Company has consistently been profitable over the last 5 years
- Strong cash generation - operating cash flow backs reported profits (CFO/PAT 4.00x)
- Stock looks reasonably valued - P/E of 186.1 is below its historical median
- Company generates healthy free cash flow
- Company maintains a comfortable, low leverage position
CONS
- A large part of profit comes from other income (165.8% of PBT)
- Company has a low return on equity of 1.1% over last 3 years
- Company has a low return on capital employed of 4.3%
- Working capital days have increased from 106 to 156 days
- Operating margins have contracted to 3.1% from 9.5%
* The pros and cons are machine generated based on quantitative rules.
Peer comparison
| Name | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| SUPREMEIND | 3367.00 | 41.43 | 42769.95 | 1.07 | 280.72 | 38.76 | 2717.66 | 4.16 | 21.49 | 17.33 |
| ASTRAL | 1410.10 | 65.83 | 37882.36 | 0.28 | 120.20 | 51.77 | 1578.00 | 15.93 | 19.95 | 14.65 |
| GRWRHITECH | 6928.55 | 41.50 | 16096.68 | 0.17 | 132.65 | 59.78 | 633.08 | 27.90 | 18.08 | 27.17 |
| SHAILY | 3279.80 | 85.33 | 15085.52 | 0.09 | 48.01 | 16.75 | 280.67 | 13.77 | 29.46 | 29.59 |
| FINPIPE | 153.55 | 15.48 | 9527.42 | 1.79 | 114.52 | 16.67 | 883.58 | -15.30 | 12.73 | 12.09 |
| TIMETECHNO | 180.90 | 18.23 | 8929.86 | 0.83 | 1178.60 | 1120.71 | 16927.10 | 1151.40 | 17.37 | 13.25 |
| KINGFA | 6197.25 | 37.21 | 8398.13 | 0.00 | 80.21 | 101.58 | 688.57 | 49.06 | 30.70 | 16.12 |
| RESPONIND | 173.35 | 45.62 | 4621.66 | 0.06 | 2.74 | -94.51 | 192.87 | -43.06 | 10.76 | 12.09 |
| POLYPLEX | 1135.00 | 22.94 | 3563.04 | 0.26 | 171.07 | 386.02 | 2253.62 | 29.62 | 1.51 | 13.15 |
| NILKAMAL | 2054.70 | 24.60 | 3066.13 | 0.97 | 24.40 | 59.20 | 819.73 | -7.18 | 10.76 | 9.44 |
| XPROINDIA | 1294.90 | 93.05 | 3039.18 | 0.15 | 7.63 | 239.10 | 174.42 | 20.37 | 4.00 | 9.08 |
| AERONEU | 68.53 | 186.08 | 176.78 | 0.00 | 0.08 | -89.66 | 28.24 | -4.92 | 5.04 | 3.39 |
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
| 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 | 28 | 26 | 32 | 29 | 34 | 32 | 34 | 30 | 35 | 31 | 34 | 28 | |
| 22 | 27 | 25 | 31 | 28 | 33 | 31 | 34 | 29 | 34 | 29 | 34 | 29 | |
| Operating Profit | 2 | 1 | 1 | 1 | 2 | 1 | 1 | 0 | 1 | 1 | 2 | 0 | -0 |
| OPM % | 7.26% | 3.59% | 3.04% | 3.67% | 5.39% | 2.65% | 4.33% | 0.56% | 2.39% | 2.06% | 6.48% | 0.18% | -1.75% |
| 1 | 0 | 1 | 0 | 0 | 1 | 0 | 1 | 1 | 2 | 0 | 1 | 1 | |
| Interest | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| Depreciation | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| Profit before Tax | 1 | 0 | 0 | 0 | 0 | 0 | 0 | -0 | 1 | 1 | 1 | -0 | 0 |
| Tax % | 29.89% | 29.41% | 50.00% | 27.78% | 34.78% | 22.86% | 150.00% | 26.09% | 12.90% | 0.00% | 28.85% | -4250.00% | 54.14% |
| Net Profit | 0 | 0 | 0 | 0 | 0 | 0 | -0 | -0 | 1 | 1 | 1 | -1 | 0 |
| 0.24 | 0.04 | 0.03 | 0.05 | 0.11 | 0.10 | 0.00 | -0.13 | 0.31 | 0.40 | 0.29 | -0.34 | 0.03 |
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 43 | 36 | 36 | 45 | 49 | 81 | 95 | 109 | 129 | 129 | 128 | |
| 43 | 35 | 34 | 43 | 47 | 73 | 88 | 104 | 125 | 125 | 125 | |
| Operating Profit | -1 | 1 | 1 | 2 | 2 | 7 | 7 | 5 | 4 | 4 | 2 |
| OPM % | -1.55% | 2.50% | 4.05% | 5.07% | 4.19% | 8.94% | 7.57% | 4.61% | 3.47% | 3.10% | 1.78% |
| 1 | 1 | 1 | 0 | 1 | 1 | 2 | 2 | 2 | 5 | 4 | |
| Interest | 1 | 1 | 1 | 1 | 2 | 1 | 3 | 4 | 4 | 3 | 2 |
| Depreciation | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 3 | 3 | 3 |
| Profit before Tax | -2 | 0 | 0 | 1 | 1 | 5 | 5 | 1 | 0 | 3 | 2 |
| Tax % | 32.39% | 31.51% | -9.54% | 50.44% | 42.31% | 20.34% | 26.61% | 31.70% | 39.47% | 42.15% | 54.95% |
| Net Profit | -1 | 0 | 0 | 0 | 0 | 4 | 4 | 1 | 0 | 2 | 1 |
| EPS | -1.00 | 0.03 | 0.19 | 0.24 | 0.19 | 2.81 | 2.10 | 0.31 | 0.08 | 0.65 | — |
| Dividend Payout % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 37.77% | 0.00% | 0.00% | 0.00% | — |
COMPOUNDED SALES GROWTH
- 10 Years:
- 12%
- 5 Years:
- 21%
- 3 Years:
- 11%
COMPOUNDED PROFIT GROWTH
- 10 Years:
- 52%
- 5 Years:
- 42%
- 3 Years:
- -21%
STOCK PRICE CAGR
- 10 Years:
- —
- 5 Years:
- —
- 3 Years:
- —
- 1 Year:
- -36%
RETURN ON EQUITY
- 10 Years:
- 3%
- 5 Years:
- 6%
- 3 Years:
- 1%
- Last Year:
- 2%
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 14 | 14 | 16 | 16 | 16 | 16 | 26 | 26 | 26 | 26 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 3 | 3 | 3 | 3 | 3 |
| -0 | -0 | 3 | 3 | 4 | 8 | 59 | 58 | 58 | 60 | |
| 8 | 8 | 7 | 11 | 10 | 30 | 25 | 28 | 25 | 22 | |
| Trade Payables | 2 | 3 | 3 | 4 | 4 | 8 | 8 | 9 | 8 | 9 |
| 2 | 3 | 3 | 3 | 2 | 4 | 5 | 8 | 7 | 25 | |
| Total Liabilities | 26 | 28 | 32 | 37 | 36 | 69 | 126 | 131 | 128 | 145 |
| 14 | 14 | 13 | 13 | 13 | 19 | 47 | 51 | 55 | 53 | |
| Capital Work in Progress | 0 | 0 | 0 | 0 | 0 | 7 | 1 | 1 | 0 | 0 |
| 4 | 7 | 8 | 6 | 6 | 16 | 26 | 30 | 34 | 30 | |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 22 | 21 | 23 | |
| Cash & Bank | 4 | 2 | 1 | 2 | 2 | 2 | 21 | 13 | 6 | 18 |
| 4 | 5 | 10 | 16 | 16 | 25 | 32 | 15 | 12 | 21 | |
| Total Assets | 26 | 28 | 32 | 37 | 36 | 69 | 126 | 131 | 128 | 145 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 2 | -3 | -4 | 3 | 3 | -0 | -16 | 0 | 9 | 3 | |
| Cash from Investing | 2 | -0 | -0 | -1 | -1 | -11 | -24 | -5 | -6 | -0 |
| Cash from Financing | -3 | -1 | 2 | -2 | -2 | 11 | 46 | -5 | -5 | 11 |
| 3 | -2 | -1 | 1 | -0 | -0 | 5 | -10 | -2 | 14 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
Documents
Corporate disclosures, annual reports, credit ratings, and concall transcripts
2026-09-08 - Update on Sale of entire equity stake in Fibcorp Polyweave Private Limited.
2026-08-25 - Modification in the first object of the Preferential issue as stated in the notice of Extra-Ordinary General Meeting dated May 14, 2025.
2026-08-25 - Aeroflex Neu Limited has submitted the Exchange a copy Srutinizers report and Voting Results of Annual General Meeting held on August 25, 2026.
2026-08-25 - Aeroflex Neu Limited has informed the Exchange regarding Appointment of Mr. Arpit Kalani and Mr. Tapan Tanmay Kothari as Non- Executive Independent Director of the company w.e.f. July 15, 2026.
2026-08-25 - Proceedings of the 34th Annual General Meeting (AGM) of Aeroflex Neu Limited held on Tuesday, August 25, 2026 at 11.00 AM.
2026-08-03 - Newspaper advertisement titled Notice of 34th Annual General Meeting and E-voting information
2026-08-03 - Aeroflex Neu Limited has informed the Exchange regarding '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.'.
2026-08-03 - The Register of Members and Share Transfer Books will remain closed from Wednesday, August 19, 2026 to Tuesday, August 25, 2026. (both days inclusive)
2026-08-03 - Notice of 34th Annual General Meeting of the Company
News
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