āagmanLoginNot investment advice. Data and computed figures, for information only.
Aequs Ltd
₹259.20
−₹4.65 (−1.76%)
NSE · 15 Oct 2026, close
Market Cap
₹18,343 Cr
CMP
₹259.20
52-wk High / Low
₹295 / 113
P/B
12.3
Book Value
₹22.2
Div Yield
0.00%
ROCE
2.0%
ROE
−10.0%
Face Value
₹10
D/E
0.47
Price+71.3% over Max
āagman read
Computed by āagmanPiotroski F-Score
3
/ 9
3 of 9 F-score tests passed
ROIC
−2.1%
vs 12.3% sector median
Margin change
−676
bps OPM YoY
Operating margin vs the same quarter last year
ROE stability
14.0
pp σ
Standard deviation of ROE across periods. Lower = more stable
Holder deltas
QoQ
pp
Prom +0.01FII +1.27DII −2.54
Latest quarter vs the previous one
Cash-accrual divergence
−0.6%
of assets
Low = accruals track cash flow
Strengths
+Price trades above its 200-day moving average (1.3x)
Watch-outs
−Latest ROCE of 2% trails the sector median of 19%
−Annualised volatility of 54.8% is in the high band (≥45%)
−Piotroski F-Score of 3/9 is in the weak band (≤3)
Peer comparison
| Name | P/E | Mar Cap ₹ Cr | ROCE % | ROE % |
|---|
Quarterly results
| Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|
| Sales | 216 | 249 | 256 | 282 | 326 | 367 | 396 |
| Expenses | 209 | 225 | 228 | 253 | 297 | 363 | 381 |
| Operating Profit | 7 | 25 | 27 | 29 | 29 | 4 | 15 |
| OPM % | 3.2% | 10.0% | 10.5% | 10.3% | 8.9% | 1.1% | 3.8% |
| Other Income | 3 | 19 | 14 | 18 | −6 | 44 | 10 |
| Interest | 18 | 13 | 10 | 26 | 21 | 36 | 19 |
| Depreciation | 26 | 24 | 25 | 33 | 35 | 46 | 45 |
| Profit before tax | −34 | 6 | 6 | −12 | −33 | −33 | −40 |
| Net Profit | −40 | 9 | 4 | −21 | −43 | −54 | −53 |
| EPS (₹) | −0.94 | 0.15 | 0.06 | −0.34 | −0.64 | −0.80 | −0.79 |
Profit & Loss
| Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|
| Sales | 812 | 965 | 925 | 1,230 | 1,370 |
| Expenses | 773 | 836 | 845 | 1,139 | 1,294 |
| Operating Profit | 40 | 129 | 79 | 92 | 76 |
| OPM % | 4.9% | 13.4% | 8.5% | 7.5% | 5.5% |
| Other Income | 25 | 44 | −6 | 69 | 65 |
| Interest | 69 | 69 | 64 | 94 | 101 |
| Depreciation | 100 | 108 | 103 | 138 | 158 |
| Profit before tax | −103 | −4 | −94 | −71 | −118 |
| Net Profit | −110 | −14 | −102 | −113 | −170 |
| EPS (₹) | −2.33 | −0.26 | −1.76 | −1.69 | −2.57 |
Balance Sheet
| Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|
| Equity Capital | 425 | 425 | 582 | 671 | — |
| Reserves | −146 | −15 | 135 | 816 | — |
| Borrowings | 664 | 1,106 | 785 | 701 | — |
| Other Liabilities | 410 | 337 | 401 | 545 | — |
| Total Liabilities | 1,352 | 1,852 | 1,903 | 2,733 | — |
| Fixed Assets | 686 | 660 | 525 | 1,070 | — |
| CWIP | 0 | 175 | 395 | 79 | — |
| Investments | 58 | 92 | 77 | 106 | — |
| Other Assets | 609 | 924 | 906 | 1,478 | — |
| Total Assets | 1,352 | 1,852 | 1,903 | 2,733 | — |
Cash Flows
| Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|
| Cash from Operating Activity | 10 | −19 | 26 | −99 |
| Cash from Investing Activity | −95 | −346 | −70 | −365 |
| Cash from Financing Activity | 54 | 393 | 25 | 704 |
| Net Cash Flow | −31 | 28 | −18 | 241 |
Ratios
| Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|
| ROCE % | — | 4.0 | 1.0 | 2.0 |
| ROE % | — | — | — | −10.0 |
| EPS (₹) | −2.33 | −0.26 | −1.76 | −1.69 |
| Book Value (₹) | — | — | — | 22.2 |
| Face Value (₹) | — | — | — | 10 |
| P/E | — | — | — | — |
| Div Yield % | — | — | — | 0.00 |
| NPM % | −13.1 | −1.4 | −11.1 | −8.7 |
| OPM % | 4.9 | 13.0 | 9.0 | 7.0 |
| D/E | 2.38 | 2.70 | 1.09 | 0.47 |
| P/B | — | — | — | 12.3 |
Growth
Compounded sales growth
3 years+15.0%
TTM+33.0%
Compounded profit growth
3 years−5.0%
TTM−74.0%
Return on equity
3 years−9.0%
Last year−10.0%
Documents
Announcements
Disclosures under Reg. 31(1) and 31(2) of SEBI (SAST) Regulations, 2011.Aequs Limited ("Company") Has informed About Investment Made In Ajna Aerospace & Defence Private Limited, A Joint Venture Of The Company.Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018Announcement under Regulation 30 (LODR)-Newspaper PublicationAnnual reports
Annual Report 2026Corporate actions
Fundamentals from a third-party compiler of exchange filings; prices from the exchanges. Not investment advice.© 2026 āagman