Aeroflex Industries Ltd.
•₹ 5035.83%
2026-08-21
PROS
- Company has delivered good profit growth of 55.8% CAGR over last 5 years
- Company is almost debt free
- Company has a healthy return on capital (ROCE) of 22.5%
- Latest quarter profit grew 150.1% YoY, showing strong momentum
- Company has delivered good sales growth of 23.3% CAGR over last 5 years
- Operating margins have improved to 23.8% from 19.8%
CONS
- Free cash flow has been persistently negative
- Equity base is being diluted - shares outstanding up 15.8%
- Stock is trading at 7.1x its book value
- Growth is decelerating - 3Y profit CAGR (22.4%) trails the 5Y trend (55.8%)
- Though reporting repeated profits, the company pays out little dividend (9.6%)
- Expensive relative to growth - PEG of 2.6
* The pros and cons are machine generated based on quantitative rules.
Peer comparison
EDIT COLUMNS| S.No. | Name | CMP Rs. | P/E | Mar Cap Rs.Cr. | Div Yld % | NP Qtr Rs.Cr. | Qtr Profit Var % | Sales Qtr Rs.Cr. | Qtr Sales Var % | ROCE % | OPM % |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 1. | JSWSTEEL | 1281.30 | 12.64 | 313336.02 | 0.55 | 4696.00 | 112.58 | 47364.00 | 11.55 | 20.67 | 19.60 |
| 2. | TATASTEEL | 184.00 | 20.82 | 229695.59 | 2.17 | 2385.24 | 18.82 | 60794.29 | 15.26 | 12.70 | 15.40 |
| 3. | SAIL | 172.50 | 16.68 | 71251.56 | 1.36 | 1644.05 | 120.80 | 26245.67 | 1.25 | 6.39 | 15.92 |
| 4. | JSL | 723.75 | 18.37 | 59667.37 | 0.55 | 768.66 | 7.56 | 11278.54 | 10.50 | 19.19 | 12.09 |
| 5. | APLAPOLLO | 2115.90 | 47.80 | 58749.74 | 0.40 | 263.11 | 10.94 | 5606.71 | 12.07 | 22.90 | 7.34 |
| 6. | WELCORP | 1974.70 | 22.56 | 52090.74 | 0.25 | 1047.88 | 200.11 | 4081.12 | 14.91 | 23.94 | 32.17 |
| 7. | SHYAMMETL | 988.70 | 24.57 | 27597.77 | 0.46 | 350.73 | 20.66 | 5455.09 | 23.45 | 13.88 | 14.03 |
| 8. | SARDAEN | 512.45 | 15.98 | 18057.78 | 0.39 | 478.13 | 9.50 | 1608.04 | -1.07 | 15.84 | 41.59 |
| 9. | JINDALSAW | 268.95 | 26.32 | 17199.57 | 0.74 | 90.79 | -78.15 | 4452.31 | 9.00 | 10.38 | 8.79 |
| 10. | GPIL | 246.30 | 20.55 | 16578.39 | 0.41 | 222.37 | 2.75 | 1750.47 | 32.29 | 23.51 | 19.36 |
| 11. | RATNAMANI | 2295.95 | 37.17 | 16092.77 | 0.44 | 107.03 | -15.82 | 971.63 | -15.63 | 18.01 | 16.69 |
| 12. | AEROFLEX | 474.25 | 93.45 | 6275.79 | 0.08 | 18.79 | 162.22 | 145.38 | 72.39 | 19.11 | 23.04 |
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 83 | 84 | 73 | 78 | 88 | 94 | 97 | 94 | 79 | 102 | 113 | 119 | 139 | |
| 67 | 66 | 59 | 63 | 70 | 73 | 75 | 76 | 64 | 77 | 85 | 90 | 114 | |
| Operating Profit | — | — | — | — | — | — | — | — | — | — | — | — | — |
| OPM % | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Other Income | 1 | 0 | 1 | 1 | 1 | 1 | 1 | 0 | 0 | 0 | 0 | 1 | 1 |
| Interest | 1 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 1 | 2 | 2 | 2 | 2 | 2 | 2 | 4 | 5 | 6 | 6 | 7 | 7 |
| 15 | 15 | 13 | 14 | 17 | 19 | 19 | 15 | 10 | 19 | 22 | 23 | 26 | |
| Tax % | 24.64% | 24.18% | 32.06% | 28.06% | 25.69% | 26.94% | 22.93% | 24.16% | 25.27% | 28.83% | 26.05% | 21.49% | 27.14% |
| Net Profit | 11 | 12 | 9 | 10 | 12 | 14 | 15 | 11 | 8 | 14 | 16 | 18 | 19 |
| 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 0 | |
| Equity Capital | 23 | 26 | 26 | 26 | 26 | 26 | 26 | 26 | 26 | 26 | 26 | 26 | 26 |
| 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% |
| Equity Capital | 23 | 26 | 26 | 26 | 26 | 26 | 26 | 26 | 26 | 26 | 26 | 26 | 26 |
| 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% |
Jun 2023
- 83
- 67
- Operating Profit
- —
- OPM %
- —
- Other Income
- 1
- Interest
- 1
- Depreciation
- 1
- 15
- Tax %
- 24.64%
- Net Profit
- 11
- 1
- Equity Capital
- 23
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 23
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Sep 2023
- 84
- 66
- Operating Profit
- —
- OPM %
- —
- Other Income
- 0
- Interest
- 1
- Depreciation
- 2
- 15
- Tax %
- 24.18%
- Net Profit
- 12
- 1
- Equity Capital
- 26
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 26
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Dec 2023
- 73
- 59
- Operating Profit
- —
- OPM %
- —
- Other Income
- 1
- Interest
- 0
- Depreciation
- 2
- 13
- Tax %
- 32.06%
- Net Profit
- 9
- 1
- Equity Capital
- 26
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 26
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Mar 2024
- 78
- 63
- Operating Profit
- —
- OPM %
- —
- Other Income
- 1
- Interest
- 0
- Depreciation
- 2
- 14
- Tax %
- 28.06%
- Net Profit
- 10
- 1
- Equity Capital
- 26
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 26
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Jun 2024
- 88
- 70
- Operating Profit
- —
- OPM %
- —
- Other Income
- 1
- Interest
- 0
- Depreciation
- 2
- 17
- Tax %
- 25.69%
- Net Profit
- 12
- 1
- Equity Capital
- 26
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 26
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Sep 2024
- 94
- 73
- Operating Profit
- —
- OPM %
- —
- Other Income
- 1
- Interest
- 0
- Depreciation
- 2
- 19
- Tax %
- 26.94%
- Net Profit
- 14
- 1
- Equity Capital
- 26
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 26
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Dec 2024
- 97
- 75
- Operating Profit
- —
- OPM %
- —
- Other Income
- 1
- Interest
- 0
- Depreciation
- 2
- 19
- Tax %
- 22.93%
- Net Profit
- 15
- 1
- Equity Capital
- 26
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 26
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Mar 2025
- 94
- 76
- Operating Profit
- —
- OPM %
- —
- Other Income
- 0
- Interest
- 0
- Depreciation
- 4
- 15
- Tax %
- 24.16%
- Net Profit
- 11
- 1
- Equity Capital
- 26
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 26
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Jun 2025
- 79
- 64
- Operating Profit
- —
- OPM %
- —
- Other Income
- 0
- Interest
- 0
- Depreciation
- 5
- 10
- Tax %
- 25.27%
- Net Profit
- 8
- 1
- Equity Capital
- 26
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 26
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Sep 2025
- 102
- 77
- Operating Profit
- —
- OPM %
- —
- Other Income
- 0
- Interest
- 0
- Depreciation
- 6
- 19
- Tax %
- 28.83%
- Net Profit
- 14
- 1
- Equity Capital
- 26
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 26
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Dec 2025
- 113
- 85
- Operating Profit
- —
- OPM %
- —
- Other Income
- 0
- Interest
- 0
- Depreciation
- 6
- 22
- Tax %
- 26.05%
- Net Profit
- 16
- 1
- Equity Capital
- 26
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 26
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Mar 2026
- 119
- 90
- Operating Profit
- —
- OPM %
- —
- Other Income
- 1
- Interest
- 0
- Depreciation
- 7
- 23
- Tax %
- 21.49%
- Net Profit
- 18
- 1
- Equity Capital
- 26
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 26
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Jun 2026
- 139
- 114
- Operating Profit
- —
- OPM %
- —
- Other Income
- 1
- Interest
- 0
- Depreciation
- 7
- 26
- Tax %
- 27.14%
- Net Profit
- 19
- 0
- Equity Capital
- 26
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 26
- Reserves
- 0
- Promoter Pledge %
- 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 105 | 114 | 140 | 144 | 145 | 241 | 269 | 318 | 373 | 412 | 472 | |
| 88 | 104 | 117 | 122 | 122 | 194 | 216 | 256 | 294 | 314 | 365 | |
| Operating Profit | 17 | 10 | 24 | 23 | 23 | 47 | 53 | 66 | 81 | 100 | — |
| OPM % | 16 | 9 | 17 | 16 | 16 | 20 | 20 | 21 | 22 | 24 | — |
| Other Income | 0 | 0 | 0 | 1 | 0 | 0 | 0 | 4 | 2 | 2 | 2 |
| Interest | 16 | 6 | 15 | 12 | 9 | 7 | 4 | 3 | 1 | 2 | 1 |
| Depreciation | 5 | 4 | 4 | 4 | 4 | 4 | 5 | 6 | 11 | 24 | 26 |
| -5 | 0 | 5 | 4 | 8 | 37 | 41 | 57 | 69 | 74 | 90 | |
| Tax % | 0 | 47 | -43 | -32 | 25 | 25 | 27 | 27 | 25 | 25 | 26 |
| Net Profit | -5 | 0 | 7 | 5 | 6 | 28 | 30 | 42 | 52 | 55 | 67 |
| EPS | -6 | 0 | 3 | 2 | 3 | 12 | 3 | 3 | 4 | 4 | — |
| Dividend Payout % | 0 | 0 | 0 | 0 | 0 | 8 | 8 | 8 | 7 | 10 | — |
| 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 | 1 | 0 | 1 | 2 | 3 | 3 | 4 | 4 | — |
| 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 | 1 | 0 | 1 | 2 | 3 | 3 | 4 | 4 | — |
Mar 2017
- 105
- 88
- Operating Profit
- 17
- OPM %
- 16
- Other Income
- 0
- Interest
- 16
- Depreciation
- 5
- -5
- Tax %
- 0
- Net Profit
- -5
- EPS
- -6
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- -1
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- -1
Mar 2018
- 114
- 104
- Operating Profit
- 10
- OPM %
- 9
- Other Income
- 0
- Interest
- 6
- Depreciation
- 4
- 0
- Tax %
- 47
- Net Profit
- 0
- EPS
- 0
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 0
Mar 2019
- 140
- 117
- Operating Profit
- 24
- OPM %
- 17
- Other Income
- 0
- Interest
- 15
- Depreciation
- 4
- 5
- Tax %
- -43
- Net Profit
- 7
- EPS
- 3
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 1
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 1
Mar 2020
- 144
- 122
- Operating Profit
- 23
- OPM %
- 16
- Other Income
- 1
- Interest
- 12
- Depreciation
- 4
- 4
- Tax %
- -32
- Net Profit
- 5
- EPS
- 2
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 0
Mar 2021
- 145
- 122
- Operating Profit
- 23
- OPM %
- 16
- Other Income
- 0
- Interest
- 9
- Depreciation
- 4
- 8
- Tax %
- 25
- Net Profit
- 6
- EPS
- 3
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 1
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 1
Mar 2022
- 241
- 194
- Operating Profit
- 47
- OPM %
- 20
- Other Income
- 0
- Interest
- 7
- Depreciation
- 4
- 37
- Tax %
- 25
- Net Profit
- 28
- EPS
- 12
- Dividend Payout %
- 8
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 2
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 2
Mar 2023
- 269
- 216
- Operating Profit
- 53
- OPM %
- 20
- Other Income
- 0
- Interest
- 4
- Depreciation
- 5
- 41
- Tax %
- 27
- Net Profit
- 30
- EPS
- 3
- Dividend Payout %
- 8
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 3
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 3
Mar 2024
- 318
- 256
- Operating Profit
- 66
- OPM %
- 21
- Other Income
- 4
- Interest
- 3
- Depreciation
- 6
- 57
- Tax %
- 27
- Net Profit
- 42
- EPS
- 3
- Dividend Payout %
- 8
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 3
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 3
Mar 2025
- 373
- 294
- Operating Profit
- 81
- OPM %
- 22
- Other Income
- 2
- Interest
- 1
- Depreciation
- 11
- 69
- Tax %
- 25
- Net Profit
- 52
- EPS
- 4
- Dividend Payout %
- 7
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 4
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 4
Mar 2026
- 412
- 314
- Operating Profit
- 100
- OPM %
- 24
- Other Income
- 2
- Interest
- 2
- Depreciation
- 24
- 74
- Tax %
- 25
- Net Profit
- 55
- EPS
- 4
- Dividend Payout %
- 10
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 4
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 4
TTM
- 472
- 365
- Operating Profit
- —
- OPM %
- —
- Other Income
- 2
- Interest
- 1
- Depreciation
- 26
- 90
- Tax %
- 26
- Net Profit
- 67
- EPS
- —
- Dividend Payout %
- —
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- —
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- —
COMPOUNDED SALES GROWTH
- 10 Years:
- 15%
- 5 Years:
- 23%
- 3 Years:
- 15%
COMPOUNDED PROFIT GROWTH
- 10 Years:
- —
- 5 Years:
- 56%
- 3 Years:
- 22%
STOCK PRICE CAGR
- 10 Years:
- —
- 5 Years:
- —
- 3 Years:
- —
- 1 Year:
- 155%
RETURN ON EQUITY
- 10 Years:
- 16%
- 5 Years:
- 24%
- 3 Years:
- 17%
- Last Year:
- 14%
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 | - | - | - | - | - | - | - | - | - | - |
| 7 | 7 | 23 | 23 | 23 | 23 | 23 | 26 | 26 | 26 | |
| -143 | 12 | 25 | 30 | 36 | 63 | 91 | 267 | 316 | 420 | |
| 230 | 78 | 28 | 21 | 8 | 4 | 25 | 0 | 0 | 0 | |
| Trade Payables | 16 | 20 | 24 | 34 | 40 | 34 | 37 | 55 | 56 | 77 |
| 28 | 29 | 51 | 47 | 54 | 59 | 38 | 27 | 27 | 36 | |
| Total Liabilities | 138 | 147 | 151 | 154 | 161 | 184 | 214 | 375 | 424 | 560 |
| ASSETS | - | - | - | - | - | - | - | - | - | - |
| 53 | 48 | 47 | 44 | 43 | 46 | 56 | 83 | 149 | 188 | |
| Capital Work in Progress | 0 | 0 | 0 | 0 | 0 | 7 | 1 | 5 | 9 | 22 |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 28 | 28 | |
| 9 | 14 | 26 | 32 | 34 | 36 | 56 | 59 | 59 | 79 | |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 95 | 121 | 125 | |
| Cash & Bank | 8 | 8 | 3 | 5 | 3 | 8 | 6 | 105 | 25 | 69 |
| 67 | 78 | 76 | 73 | 80 | 87 | 95 | 27 | 32 | 48 | |
| Total Assets | 138 | 147 | 151 | 154 | 161 | 184 | 214 | 375 | 424 | 560 |
| Total Debt | 230 | 78 | 73 | 63 | 53 | 39 | 45 | 0 | 1 | 1 |
| Net Working Capital | -173 | -6 | 38 | 41 | 48 | 54 | 75 | 199 | 152 | 205 |
| Contingent Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 47 | 47 |
| Book Value per Share | -194.43 | 27.75 | 20.87 | 23.06 | 25.69 | 37.62 | 9.96 | 22.68 | 26.44 | 33.74 |
| Face Value | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 2.00 | 2.00 | 2.00 | 2.00 |
| Total Debt | 230 | 78 | 73 | 63 | 53 | 39 | 45 | 0 | 1 | 1 |
| Net Working Capital | -173 | -6 | 38 | 41 | 48 | 54 | 75 | 199 | 152 | 205 |
| Contingent Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 47 | 47 |
| Book Value per Share | -194.43 | 27.75 | 20.87 | 23.06 | 25.69 | 37.62 | 9.96 | 22.68 | 26.44 | 33.74 |
| Face Value | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 2.00 | 2.00 | 2.00 | 2.00 |
Mar 2017
- 7
- -143
- 230
- Trade Payables
- 16
- 28
- Total Liabilities
- 138
- 53
- Capital Work in Progress
- 0
- 0
- 9
- 0
- Cash & Bank
- 8
- 67
- Total Assets
- 138
- Total Debt
- 230
- Net Working Capital
- -173
- Contingent Liabilities
- 0
- Book Value per Share
- -194.43
- Face Value
- 10.00
- Total Debt
- 230
- Net Working Capital
- -173
- Contingent Liabilities
- 0
- Book Value per Share
- -194.43
- Face Value
- 10.00
Mar 2018
- 7
- 12
- 78
- Trade Payables
- 20
- 29
- Total Liabilities
- 147
- 48
- Capital Work in Progress
- 0
- 0
- 14
- 0
- Cash & Bank
- 8
- 78
- Total Assets
- 147
- Total Debt
- 78
- Net Working Capital
- -6
- Contingent Liabilities
- 0
- Book Value per Share
- 27.75
- Face Value
- 10.00
- Total Debt
- 78
- Net Working Capital
- -6
- Contingent Liabilities
- 0
- Book Value per Share
- 27.75
- Face Value
- 10.00
Mar 2019
- 23
- 25
- 28
- Trade Payables
- 24
- 51
- Total Liabilities
- 151
- 47
- Capital Work in Progress
- 0
- 0
- 26
- 0
- Cash & Bank
- 3
- 76
- Total Assets
- 151
- Total Debt
- 73
- Net Working Capital
- 38
- Contingent Liabilities
- 0
- Book Value per Share
- 20.87
- Face Value
- 10.00
- Total Debt
- 73
- Net Working Capital
- 38
- Contingent Liabilities
- 0
- Book Value per Share
- 20.87
- Face Value
- 10.00
Mar 2020
- 23
- 30
- 21
- Trade Payables
- 34
- 47
- Total Liabilities
- 154
- 44
- Capital Work in Progress
- 0
- 0
- 32
- 0
- Cash & Bank
- 5
- 73
- Total Assets
- 154
- Total Debt
- 63
- Net Working Capital
- 41
- Contingent Liabilities
- 0
- Book Value per Share
- 23.06
- Face Value
- 10.00
- Total Debt
- 63
- Net Working Capital
- 41
- Contingent Liabilities
- 0
- Book Value per Share
- 23.06
- Face Value
- 10.00
Mar 2021
- 23
- 36
- 8
- Trade Payables
- 40
- 54
- Total Liabilities
- 161
- 43
- Capital Work in Progress
- 0
- 0
- 34
- 0
- Cash & Bank
- 3
- 80
- Total Assets
- 161
- Total Debt
- 53
- Net Working Capital
- 48
- Contingent Liabilities
- 0
- Book Value per Share
- 25.69
- Face Value
- 10.00
- Total Debt
- 53
- Net Working Capital
- 48
- Contingent Liabilities
- 0
- Book Value per Share
- 25.69
- Face Value
- 10.00
Mar 2022
- 23
- 63
- 4
- Trade Payables
- 34
- 59
- Total Liabilities
- 184
- 46
- Capital Work in Progress
- 7
- 0
- 36
- 0
- Cash & Bank
- 8
- 87
- Total Assets
- 184
- Total Debt
- 39
- Net Working Capital
- 54
- Contingent Liabilities
- 0
- Book Value per Share
- 37.62
- Face Value
- 10.00
- Total Debt
- 39
- Net Working Capital
- 54
- Contingent Liabilities
- 0
- Book Value per Share
- 37.62
- Face Value
- 10.00
Mar 2023
- 23
- 91
- 25
- Trade Payables
- 37
- 38
- Total Liabilities
- 214
- 56
- Capital Work in Progress
- 1
- 0
- 56
- 0
- Cash & Bank
- 6
- 95
- Total Assets
- 214
- Total Debt
- 45
- Net Working Capital
- 75
- Contingent Liabilities
- 0
- Book Value per Share
- 9.96
- Face Value
- 2.00
- Total Debt
- 45
- Net Working Capital
- 75
- Contingent Liabilities
- 0
- Book Value per Share
- 9.96
- Face Value
- 2.00
Mar 2024
- 26
- 267
- 0
- Trade Payables
- 55
- 27
- Total Liabilities
- 375
- 83
- Capital Work in Progress
- 5
- 0
- 59
- 95
- Cash & Bank
- 105
- 27
- Total Assets
- 375
- Total Debt
- 0
- Net Working Capital
- 199
- Contingent Liabilities
- 0
- Book Value per Share
- 22.68
- Face Value
- 2.00
- Total Debt
- 0
- Net Working Capital
- 199
- Contingent Liabilities
- 0
- Book Value per Share
- 22.68
- Face Value
- 2.00
Mar 2025
- 26
- 316
- 0
- Trade Payables
- 56
- 27
- Total Liabilities
- 424
- 149
- Capital Work in Progress
- 9
- 28
- 59
- 121
- Cash & Bank
- 25
- 32
- Total Assets
- 424
- Total Debt
- 1
- Net Working Capital
- 152
- Contingent Liabilities
- 47
- Book Value per Share
- 26.44
- Face Value
- 2.00
- Total Debt
- 1
- Net Working Capital
- 152
- Contingent Liabilities
- 47
- Book Value per Share
- 26.44
- Face Value
- 2.00
Mar 2026
- 26
- 420
- 0
- Trade Payables
- 77
- 36
- Total Liabilities
- 560
- 188
- Capital Work in Progress
- 22
- 28
- 79
- 125
- Cash & Bank
- 69
- 48
- Total Assets
- 560
- Total Debt
- 1
- Net Working Capital
- 205
- Contingent Liabilities
- 47
- Book Value per Share
- 33.74
- Face Value
- 2.00
- Total Debt
- 1
- Net Working Capital
- 205
- Contingent Liabilities
- 47
- Book Value per Share
- 33.74
- Face Value
- 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 | |
|---|---|---|---|---|---|---|---|---|---|---|
| -5 | -5 | 3 | 13 | 12 | 32 | 7 | 44 | 30 | 67 | |
| Cash from Investing | -3 | 2 | -3 | -1 | -3 | -13 | -10 | -64 | -78 | -120 |
| Cash from Financing | 13 | 3 | -5 | -10 | -10 | -14 | 0 | 90 | -3 | 47 |
| 5 | -0 | -5 | 2 | -1 | 5 | -2 | 70 | -51 | -6 | |
| Free Cash Flow | -8 | -5 | -0 | 13 | 9 | 19 | -2 | 6 | -49 | -9 |
| OCF / Net Profit | 1.16 | -92.11 | 0.40 | 2.73 | 1.99 | 1.17 | 0.24 | 1.05 | 0.57 | 1.22 |
| Cumulative 5-Year FCF | 0 | 0 | 0 | 0 | 9 | 35 | 38 | 45 | -17 | -35 |
| OCF / Net Profit | 1.16 | -92.11 | 0.40 | 2.73 | 1.99 | 1.17 | 0.24 | 1.05 | 0.57 | 1.22 |
| Cumulative 5-Year FCF | 0 | 0 | 0 | 0 | 9 | 35 | 38 | 45 | -17 | -35 |
Mar 2017
- -5
- Cash from Investing
- -3
- Cash from Financing
- 13
- 5
- Free Cash Flow
- -8
- OCF / Net Profit
- 1.16
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 1.16
- Cumulative 5-Year FCF
- 0
Mar 2018
- -5
- Cash from Investing
- 2
- Cash from Financing
- 3
- -0
- Free Cash Flow
- -5
- OCF / Net Profit
- -92.11
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- -92.11
- Cumulative 5-Year FCF
- 0
Mar 2019
- 3
- Cash from Investing
- -3
- Cash from Financing
- -5
- -5
- Free Cash Flow
- -0
- OCF / Net Profit
- 0.40
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 0.40
- Cumulative 5-Year FCF
- 0
Mar 2020
- 13
- Cash from Investing
- -1
- Cash from Financing
- -10
- 2
- Free Cash Flow
- 13
- OCF / Net Profit
- 2.73
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 2.73
- Cumulative 5-Year FCF
- 0
Mar 2021
- 12
- Cash from Investing
- -3
- Cash from Financing
- -10
- -1
- Free Cash Flow
- 9
- OCF / Net Profit
- 1.99
- Cumulative 5-Year FCF
- 9
- OCF / Net Profit
- 1.99
- Cumulative 5-Year FCF
- 9
Mar 2022
- 32
- Cash from Investing
- -13
- Cash from Financing
- -14
- 5
- Free Cash Flow
- 19
- OCF / Net Profit
- 1.17
- Cumulative 5-Year FCF
- 35
- OCF / Net Profit
- 1.17
- Cumulative 5-Year FCF
- 35
Mar 2023
- 7
- Cash from Investing
- -10
- Cash from Financing
- 0
- -2
- Free Cash Flow
- -2
- OCF / Net Profit
- 0.24
- Cumulative 5-Year FCF
- 38
- OCF / Net Profit
- 0.24
- Cumulative 5-Year FCF
- 38
Mar 2024
- 44
- Cash from Investing
- -64
- Cash from Financing
- 90
- 70
- Free Cash Flow
- 6
- OCF / Net Profit
- 1.05
- Cumulative 5-Year FCF
- 45
- OCF / Net Profit
- 1.05
- Cumulative 5-Year FCF
- 45
Mar 2025
- 30
- Cash from Investing
- -78
- Cash from Financing
- -3
- -51
- Free Cash Flow
- -49
- OCF / Net Profit
- 0.57
- Cumulative 5-Year FCF
- -17
- OCF / Net Profit
- 0.57
- Cumulative 5-Year FCF
- -17
Mar 2026
- 67
- Cash from Investing
- -120
- Cash from Financing
- 47
- -6
- Free Cash Flow
- -9
- OCF / Net Profit
- 1.22
- Cumulative 5-Year FCF
- -35
- OCF / Net Profit
- 1.22
- Cumulative 5-Year FCF
- -35
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 (₹) | -6.43 | 0.08 | 3.10 | 2.06 | 2.63 | 12.06 | 2.64 | 3.23 | 4.01 | 4.18 |
| Book Value (₹) | -194.43 | 27.75 | 20.87 | 23.06 | 25.69 | 37.62 | 9.96 | 22.68 | 26.44 | 33.74 |
| Dividend per Share (₹) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 1.00 | 0.20 | 0.25 | 0.30 | 0.40 |
| Cash EPS (₹) | 0.11 | 1.22 | 0.97 | 0.75 | 0.86 | 2.78 | 3.09 | 3.71 | 4.86 | 6.00 |
| PROFITABILITY | - | - | - | - | - | - | - | - | - | - |
| Operating Margin % | 15.16% | 8.30% | 16.30% | 15.12% | 14.52% | 19.65% | 19.78% | 19.61% | 21.15% | 23.78% |
| Net Margin % | -4.08% | 0.05% | 4.89% | 3.14% | 3.84% | 11.45% | 11.19% | 13.14% | 13.92% | 13.40% |
| ROE % | 0.00% | 0.00% | 21.10% | 9.39% | 10.80% | 38.09% | 30.18% | 20.51% | 16.34% | 14.02% |
| ROCE % | 10.70% | 5.08% | 16.42% | 12.83% | 15.21% | 36.76% | 31.68% | 26.49% | 22.04% | 19.11% |
| -3.43% | 0.04% | 4.75% | 3.09% | 3.82% | 16.02% | 15.17% | 14.18% | 12.99% | 11.24% | |
| EFFICIENCY | - | - | - | - | - | - | - | - | - | - |
| Debtor Days | 82 | 87 | 73 | 67 | 72 | 65 | 81 | 93 | 106 | 109 |
| Inventory Days | 32 | 34 | 50 | 70 | 77 | 53 | 62 | 66 | 58 | 61 |
| Payable Days | 90 | 89 | 89 | 112 | 144 | 87 | 76 | 83 | 92 | 105 |
| 24 | 32 | 34 | 26 | 5 | 31 | 68 | 76 | 72 | 65 | |
| FINANCIAL HEALTH | - | - | - | - | - | - | - | - | - | - |
| Debt to Equity (x) | -2.00x | 1.92x | 1.53x | 1.20x | 0.90x | 0.45x | 0.40x | 0.00x | 0.00x | 0.00x |
| Interest Coverage (x) | 0.72x | 1.02x | 1.34x | 1.31x | 1.87x | 6.57x | 11.97x | 22.77x | 75.95x | 49.73x |
| 0.32x | 0.94x | 1.62x | 1.62x | 1.73x | 1.71x | 1.96x | 3.46x | 2.89x | 2.93x | |
| GROWTH | - | - | - | - | - | - | - | - | - | - |
| Revenue Growth % | 3.10% | 8.59% | 23.58% | 2.79% | 0.27% | 66.38% | 11.87% | 17.99% | 17.32% | 10.61% |
| Operating Profit Growth % | 23.21% | -39.43% | 133.28% | -3.96% | 0.30% | 108.00% | 12.59% | 24.17% | 22.82% | 22.60% |
| Net Profit Growth % | 46.27% | 101.31% | 0.00% | -33.46% | 27.67% | 358.03% | 9.38% | 38.45% | 24.30% | 6.52% |
| 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 22.39% | 24.30% | 4.10% | |
| VALUATION | - | - | - | - | - | - | - | - | - | - |
| P/E (x) | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 37.62x | 42.40x | 57.09x |
| P/B (x) | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 5.36x | 6.44x | 7.07x |
| Dividend Yield % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.21% | 0.18% | 0.17% |
| 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 22.15x | 26.77x | 31.00x |
Mar 2017
- EPS (₹)
- -6.43
- Book Value (₹)
- -194.43
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 0.11
- Operating Margin %
- 15.16%
- Net Margin %
- -4.08%
- ROE %
- 0.00%
- ROCE %
- 10.70%
- -3.43%
- Debtor Days
- 82
- Inventory Days
- 32
- Payable Days
- 90
- 24
- Debt to Equity (x)
- -2.00x
- Interest Coverage (x)
- 0.72x
- 0.32x
- Revenue Growth %
- 3.10%
- Operating Profit Growth %
- 23.21%
- Net Profit Growth %
- 46.27%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2018
- EPS (₹)
- 0.08
- Book Value (₹)
- 27.75
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 1.22
- Operating Margin %
- 8.30%
- Net Margin %
- 0.05%
- ROE %
- 0.00%
- ROCE %
- 5.08%
- 0.04%
- Debtor Days
- 87
- Inventory Days
- 34
- Payable Days
- 89
- 32
- Debt to Equity (x)
- 1.92x
- Interest Coverage (x)
- 1.02x
- 0.94x
- Revenue Growth %
- 8.59%
- Operating Profit Growth %
- -39.43%
- Net Profit Growth %
- 101.31%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2019
- EPS (₹)
- 3.10
- Book Value (₹)
- 20.87
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 0.97
- Operating Margin %
- 16.30%
- Net Margin %
- 4.89%
- ROE %
- 21.10%
- ROCE %
- 16.42%
- 4.75%
- Debtor Days
- 73
- Inventory Days
- 50
- Payable Days
- 89
- 34
- Debt to Equity (x)
- 1.53x
- Interest Coverage (x)
- 1.34x
- 1.62x
- Revenue Growth %
- 23.58%
- Operating Profit Growth %
- 133.28%
- Net Profit Growth %
- 0.00%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2020
- EPS (₹)
- 2.06
- Book Value (₹)
- 23.06
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 0.75
- Operating Margin %
- 15.12%
- Net Margin %
- 3.14%
- ROE %
- 9.39%
- ROCE %
- 12.83%
- 3.09%
- Debtor Days
- 67
- Inventory Days
- 70
- Payable Days
- 112
- 26
- Debt to Equity (x)
- 1.20x
- Interest Coverage (x)
- 1.31x
- 1.62x
- Revenue Growth %
- 2.79%
- Operating Profit Growth %
- -3.96%
- Net Profit Growth %
- -33.46%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2021
- EPS (₹)
- 2.63
- Book Value (₹)
- 25.69
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 0.86
- Operating Margin %
- 14.52%
- Net Margin %
- 3.84%
- ROE %
- 10.80%
- ROCE %
- 15.21%
- 3.82%
- Debtor Days
- 72
- Inventory Days
- 77
- Payable Days
- 144
- 5
- Debt to Equity (x)
- 0.90x
- Interest Coverage (x)
- 1.87x
- 1.73x
- Revenue Growth %
- 0.27%
- Operating Profit Growth %
- 0.30%
- Net Profit Growth %
- 27.67%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2022
- EPS (₹)
- 12.06
- Book Value (₹)
- 37.62
- Dividend per Share (₹)
- 1.00
- Cash EPS (₹)
- 2.78
- Operating Margin %
- 19.65%
- Net Margin %
- 11.45%
- ROE %
- 38.09%
- ROCE %
- 36.76%
- 16.02%
- Debtor Days
- 65
- Inventory Days
- 53
- Payable Days
- 87
- 31
- Debt to Equity (x)
- 0.45x
- Interest Coverage (x)
- 6.57x
- 1.71x
- Revenue Growth %
- 66.38%
- Operating Profit Growth %
- 108.00%
- Net Profit Growth %
- 358.03%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2023
- EPS (₹)
- 2.64
- Book Value (₹)
- 9.96
- Dividend per Share (₹)
- 0.20
- Cash EPS (₹)
- 3.09
- Operating Margin %
- 19.78%
- Net Margin %
- 11.19%
- ROE %
- 30.18%
- ROCE %
- 31.68%
- 15.17%
- Debtor Days
- 81
- Inventory Days
- 62
- Payable Days
- 76
- 68
- Debt to Equity (x)
- 0.40x
- Interest Coverage (x)
- 11.97x
- 1.96x
- Revenue Growth %
- 11.87%
- Operating Profit Growth %
- 12.59%
- Net Profit Growth %
- 9.38%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2024
- EPS (₹)
- 3.23
- Book Value (₹)
- 22.68
- Dividend per Share (₹)
- 0.25
- Cash EPS (₹)
- 3.71
- Operating Margin %
- 19.61%
- Net Margin %
- 13.14%
- ROE %
- 20.51%
- ROCE %
- 26.49%
- 14.18%
- Debtor Days
- 93
- Inventory Days
- 66
- Payable Days
- 83
- 76
- Debt to Equity (x)
- 0.00x
- Interest Coverage (x)
- 22.77x
- 3.46x
- Revenue Growth %
- 17.99%
- Operating Profit Growth %
- 24.17%
- Net Profit Growth %
- 38.45%
- 22.39%
- P/E (x)
- 37.62x
- P/B (x)
- 5.36x
- Dividend Yield %
- 0.21%
- 22.15x
Mar 2025
- EPS (₹)
- 4.01
- Book Value (₹)
- 26.44
- Dividend per Share (₹)
- 0.30
- Cash EPS (₹)
- 4.86
- Operating Margin %
- 21.15%
- Net Margin %
- 13.92%
- ROE %
- 16.34%
- ROCE %
- 22.04%
- 12.99%
- Debtor Days
- 106
- Inventory Days
- 58
- Payable Days
- 92
- 72
- Debt to Equity (x)
- 0.00x
- Interest Coverage (x)
- 75.95x
- 2.89x
- Revenue Growth %
- 17.32%
- Operating Profit Growth %
- 22.82%
- Net Profit Growth %
- 24.30%
- 24.30%
- P/E (x)
- 42.40x
- P/B (x)
- 6.44x
- Dividend Yield %
- 0.18%
- 26.77x
Mar 2026
- EPS (₹)
- 4.18
- Book Value (₹)
- 33.74
- Dividend per Share (₹)
- 0.40
- Cash EPS (₹)
- 6.00
- Operating Margin %
- 23.78%
- Net Margin %
- 13.40%
- ROE %
- 14.02%
- ROCE %
- 19.11%
- 11.24%
- Debtor Days
- 109
- Inventory Days
- 61
- Payable Days
- 105
- 65
- Debt to Equity (x)
- 0.00x
- Interest Coverage (x)
- 49.73x
- 2.93x
- Revenue Growth %
- 10.61%
- Operating Profit Growth %
- 22.60%
- Net Profit Growth %
- 6.52%
- 4.10%
- P/E (x)
- 57.09x
- P/B (x)
- 7.07x
- Dividend Yield %
- 0.17%
- 31.00x
Documents
Announcements
- Analysts/Institutional Investor Meet/Con. Call Updates
2026-08-10 - Intimation of Schedule of Investors/Analysts Meeting to be held on August 19, 2026.
- Analysts/Institutional Investor Meet/Con. Call Updates
2026-08-10 - Aeroflex Industries Limited has informed the Exchange about Schedule of meet
Annual Reports
Credit Ratings
Nothing filed yet.
Concalls
Jul 2026
May 2026
Feb 2026