Aeonx Digital Technology Ltd.
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ABOUT
KEY POINTS
Revenue Breakup Mar 2024 • IT Services: 57.1% • Sale of Product: 42.9%
AI Sector View
AI GENERATEDOil Gas & Consumable Fuels
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.
PROS
- Company is almost debt free
- Promoters have been increasing their shareholding - up 2.5pp over 2 years
- Company has consistently been profitable over the last 5 years
- Company generates healthy free cash flow
- Attractively priced for its growth - PEG of 0.3
- Company has a consistent dividend-paying track record
CONS
- Operating cash flow has been negative in recent years
- Recent results are weak - TTM profit is down 140.1% versus prior year
- A large part of profit comes from other income (87.2% of PBT)
- Company has a low return on equity of 6.5% over last 3 years
- Company has a low return on capital employed of 9.3%
- Poor cash conversion - profits are not backed by operating cash flow (CFO/PAT -0.86x)
* The pros and cons are machine generated based on quantitative rules.
Peer comparison
| Name | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| ADANIENT | 2936.00 | 53.39 | 397452.96 | 0.04 | -1461.54 | -249.67 | 32923.98 | 49.92 | 13.30 | 15.57 |
| PREMIERENE | 998.00 | 27.21 | 45304.36 | 0.10 | 471.92 | 53.32 | 2462.59 | 35.25 | 33.72 | 29.03 |
| AEGISLOG | 1270.55 | 35.64 | 44596.31 | 0.68 | 544.84 | 210.70 | 2356.86 | 37.07 | 19.76 | 30.28 |
| CPPLUS | 3705.90 | 91.86 | 43840.96 | 0.04 | 142.20 | 332.51 | 1402.42 | 89.51 | 29.48 | 14.52 |
| REDINGTON | 371.40 | 17.07 | 29035.10 | 1.62 | 453.49 | 94.65 | 34922.47 | 34.57 | 18.96 | 2.03 |
| HONASA | 470.75 | 61.67 | 15347.59 | 0.64 | 90.45 | 118.87 | 755.95 | 27.00 | 8.99 | 14.58 |
| LLOYDSENT | 74.20 | 100.87 | 11327.02 | 0.20 | 109.98 | -55.77 | 563.03 | 70.15 | 12.84 | 18.07 |
| SGMART | 826.10 | 83.74 | 10411.77 | 0.00 | 455.80 | 1310.71 | 13085.70 | 1044.08 | 10.43 | 4.49 |
| MMTC | 64.18 | 21.52 | 9627.00 | 0.00 | 104.24 | 135.52 | 0.68 | -50.00 | 33.46 | -1423.53 |
| ENTERO | 1827.20 | 63.41 | 7952.54 | 0.00 | 52.05 | 72.17 | 1940.50 | 38.23 | 10.93 | 5.00 |
| CELLO | 342.50 | 24.69 | 7724.69 | 0.44 | 73.40 | -8.99 | 526.72 | -0.43 | 17.15 | 18.80 |
| ASHOKALCO | 105.25 | 0.00 | 48.78 | 0.00 | -0.34 | -170.06 | 12.41 | -23.70 | 11.85 | -14.41 |
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 8 | 7 | 9 | 10 | 6 | 10 | 8 | 10 | 16 | 11 | 16 | 17 | 12 | |
| 8 | 8 | 9 | 9 | 7 | 9 | 8 | 9 | 16 | 11 | 17 | 18 | 15 | |
| Operating Profit | -0 | -0 | 0 | 1 | -0 | 1 | 0 | 1 | -0 | -0 | -1 | -2 | -2 |
| OPM % | -2.43% | -1.61% | 3.81% | 6.65% | -0.77% | 7.89% | 5.18% | 5.75% | -0.62% | -1.22% | -3.96% | -11.55% | -17.72% |
| 0 | 1 | -0 | 3 | 1 | 1 | 1 | 2 | 1 | 1 | 0 | 1 | 1 | |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit before Tax | -0 | 1 | -0 | 3 | 1 | 2 | 1 | 2 | 1 | 1 | -1 | -1 | -1 |
| Tax % | 50.00% | 31.82% | -76.00% | 17.17% | 25.00% | 30.05% | 42.76% | 21.30% | 15.52% | 38.18% | 17.28% | 24.76% | 66.86% |
| Net Profit | 0 | 0 | 0 | 0 | 1 | 1 | 1 | 1 | 0 | 0 | -1 | -1 | -0 |
| -0.07 | 0.98 | -0.95 | 5.98 | 1.31 | 2.79 | 1.81 | 2.88 | 1.07 | 0.75 | -1.46 | -1.71 | -0.75 |
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 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 0 | 161 | 157 | 172 | 113 | 20 | 17 | 28 | 34 | 35 | 55 | |
| 0 | 156 | 154 | 173 | 126 | 22 | 19 | 28 | 34 | 33 | 60 | |
| Operating Profit | 0 | 5 | 3 | -2 | -14 | -2 | -2 | -1 | 1 | 2 | -5 |
| OPM % | — | 3.02% | 2.11% | -1.02% | -12.15% | -9.76% | -11.84% | -1.95% | 2.07% | 5.02% | -8.78% |
| 0 | 3 | 5 | 2 | 7 | 7 | 3 | 4 | 4 | 5 | 4 | |
| Interest | 0 | 2 | 2 | 1 | 1 | 0 | 0 | 0 | 1 | 0 | 0 |
| Depreciation | 0 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 |
| Profit before Tax | 0 | 5 | 5 | -3 | -9 | 4 | 0 | 3 | 4 | 6 | -2 |
| Tax % | — | 35.76% | 37.68% | -4.81% | 17.82% | 17.33% | -163.67% | 20.67% | 25.59% | 29.88% | 37.61% |
| Net Profit | 0 | 3 | 3 | -3 | -7 | 3 | 1 | 2 | 3 | 4 | -1 |
| EPS | 0.00 | 0.00 | 0.00 | 0.00 | -15.48 | 7.42 | 2.39 | 4.90 | 5.93 | 8.80 | — |
| Dividend Payout % | — | 13.42% | 15.89% | -15.92% | -3.23% | 6.73% | 20.95% | 20.41% | 16.85% | 11.37% | — |
COMPOUNDED SALES GROWTH
- 10 Years:
- —
- 5 Years:
- -21%
- 3 Years:
- 27%
COMPOUNDED PROFIT GROWTH
- 10 Years:
- —
- 5 Years:
- —
- 3 Years:
- 54%
STOCK PRICE CAGR
- 10 Years:
- —
- 5 Years:
- —
- 3 Years:
- —
- 1 Year:
- —
RETURN ON EQUITY
- 10 Years:
- 2%
- 5 Years:
- 6%
- 3 Years:
- 6%
- Last Year:
- 8%
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 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 |
| 42 | 42 | 44 | 41 | 33 | 36 | 37 | 39 | 43 | 47 | |
| 7 | 10 | 10 | 8 | 6 | 3 | 4 | 0 | 1 | 0 | |
| Trade Payables | 43 | 36 | 18 | 24 | 9 | 13 | 13 | 11 | 7 | 8 |
| 43 | 20 | 34 | 31 | 10 | 0 | 1 | 0 | 2 | 3 | |
| Total Liabilities | 139 | 112 | 111 | 108 | 63 | 57 | 58 | 54 | 58 | 63 |
| 14 | 15 | 15 | 15 | 14 | 14 | 14 | 13 | 2 | 3 | |
| Capital Work in Progress | 0 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 0 | 0 | 0 | 0 | 0 | 0 | 7 | 1 | 5 | 6 | |
| 13 | 22 | 24 | 19 | 1 | 1 | 1 | 1 | 0 | 0 | |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 10 | 7 | |
| Cash & Bank | 19 | 3 | 9 | 3 | 7 | 8 | 2 | 6 | 11 | 8 |
| 93 | 72 | 63 | 72 | 41 | 34 | 34 | 32 | 29 | 39 | |
| Total Assets | 139 | 112 | 111 | 108 | 63 | 57 | 58 | 54 | 58 | 63 |
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 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0 | -10 | 8 | -0 | 4 | 2 | 1 | 0 | -4 | -5 | |
| Cash from Investing | 0 | -2 | -1 | -1 | 4 | -0 | -8 | 6 | 6 | -2 |
| Cash from Financing | 0 | 2 | -0 | -3 | -3 | -1 | 2 | -2 | 2 | 3 |
| 0 | -16 | 6 | -6 | 4 | 1 | -6 | 5 | 5 | -3 |
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 | |
|---|---|---|---|---|---|---|---|---|---|---|
| PER SHARE | ||||||||||
| EPS (₹) | 0.00 | 7.45 | 6.29 | -6.28 | -15.48 | 7.42 | 2.39 | 4.90 | 5.93 | 8.80 |
| Book Value (₹) | 101.36 | 101.59 | 105.93 | 98.52 | 81.01 | 87.92 | 89.82 | 94.17 | 103.94 | 111.69 |
| Dividend per Share (₹) | 1.00 | 1.00 | 1.00 | 1.00 | 0.50 | 0.50 | 0.50 | 1.00 | 1.00 | 1.00 |
| Cash EPS (₹) | 0.00 | 9.74 | 8.77 | -3.71 | -14.07 | 8.68 | 3.76 | 6.73 | 7.99 | 10.75 |
| PROFITABILITY | ||||||||||
| Operating Margin % | 0.00% | 4.77% | 4.88% | -0.05% | -6.32% | 25.09% | 7.92% | 13.88% | 2.07% | 5.02% |
| Net Margin % | 0.00% | 1.99% | 1.80% | -1.68% | -6.33% | 17.06% | 6.39% | 8.13% | 7.96% | 11.62% |
| ROE % | 0.00% | 7.34% | 6.07% | -6.14% | -17.25% | 8.79% | 2.69% | 5.33% | 5.99% | 8.16% |
| ROCE % | 0.00% | 12.79% | 11.41% | -2.27% | -16.00% | 10.23% | 1.65% | 6.83% | 9.19% | 11.85% |
| 0.00% | 2.72% | 2.59% | -2.63% | -8.32% | 5.73% | 1.91% | 4.00% | 4.86% | 6.70% | |
| EFFICIENCY | ||||||||||
| Debtor Days | 0 | 105 | 70 | 62 | 69 | 213 | 241 | 203 | 159 | 90 |
| Inventory Days | 0 | 37 | 52 | 46 | 32 | 10 | 15 | 11 | 0 | 0 |
| Payable Days | 0 | 117 | 81 | 54 | 60 | 262 | 431 | 257 | 174 | 218 |
| 0 | 25 | 41 | 54 | 41 | -39 | -175 | -43 | -15 | -128 | |
| FINANCIAL HEALTH | ||||||||||
| Debt to Equity (x) | 0.15x | 0.25x | 0.21x | 0.19x | 0.16x | 0.08x | 0.08x | 0.00x | 0.00x | 0.00x |
| Interest Coverage (x) | 0.00x | 3.93x | 3.26x | -0.86x | -8.57x | 14.12x | 2.33x | 18.49x | 8.07x | 53.65x |
| 1.40x | 1.52x | 1.58x | 1.48x | 2.33x | 2.98x | 2.87x | 3.16x | 5.66x | 5.37x | |
| GROWTH | ||||||||||
| Revenue Growth % | 0.00% | 0.00% | -2.18% | 9.13% | -34.42% | -82.21% | -14.18% | 61.35% | 23.79% | 1.44% |
| Operating Profit Growth % | 0.00% | 0.00% | -4.53% | -101.20% | -7459.09% | 170.61% | -72.90% | 182.58% | 4.01% | 69.47% |
| Net Profit Growth % | 0.00% | 0.00% | -15.52% | -199.77% | -146.51% | 147.96% | -67.85% | 105.26% | 21.09% | 48.23% |
| 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 21.09% | 48.23% | |
| VALUATION | ||||||||||
| P/E (x) | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 20.22x | 16.01x |
| P/B (x) | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 1.15x | 1.26x |
| Dividend Yield % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.83% | 0.71% |
| 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 11.04x | 8.38x |
Documents
Corporate disclosures, annual reports, credit ratings, and concall transcripts
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News
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