āagmanLoginNot investment advice. Data and computed figures, for information only.
Aeroflex Industries Ltd
₹510.95
−₹57.75 (−10.15%)
NSE · 15 Oct 2026, close
Market Cap
₹6,888 Cr
CMP
₹510.95
52-wk High / Low
₹614 / 158
P/E
103.0
P/B
15.4
Book Value
₹33.8
Div Yield
0.08%
ROCE
19.0%
ROE
14.1%
Face Value
₹2
D/E
0.02
Price+195.3% over 1Y
āagman read
Computed by āagmanPiotroski F-Score
5
/ 9
5 of 9 F-score tests passed
Graham Number
₹57
√(22.5 × EPS × book value per share)
ROIC
12.3%
vs 12.3% sector median
Cash flow to profit
1.18
CFO / PAT
Above 1.0 = operating cash flow exceeded reported profit
Margin change
+490
bps OPM YoY
Operating margin vs the same quarter last year
Sustainable growth
12.9%
ROE × earnings retention ratio
ROE stability
7.8
pp σ
Standard deviation of ROE across periods. Lower = more stable
Holder deltas
QoQ
pp
Prom +0.00FII +2.12DII −2.32
Latest quarter vs the previous one
Cash-accrual divergence
−2.0%
of assets
Low = accruals track cash flow
Strengths
+Price trades above its 200-day moving average (1.4x)
Watch-outs
−Annualised volatility of 60.9% is in the high band (≥45%)
Peer comparison
| Name | P/E | Mar Cap ₹ Cr | ROCE % | ROE % |
|---|
Quarterly results
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 83 | 84 | 73 | 78 | 90 | 95 | 100 | 92 | 84 | 111 | 121 | 126 | 145 |
| Expenses | 67 | 66 | 59 | 63 | 72 | 75 | 78 | 73 | 69 | 85 | 93 | 96 | 112 |
| Operating Profit | 16 | 18 | 14 | 14 | 18 | 20 | 22 | 19 | 15 | 26 | 28 | 30 | 33 |
| OPM % | 19.3% | 21.4% | 19.2% | 17.9% | 20.0% | 21.1% | 22.0% | 20.7% | 17.9% | 23.4% | 23.1% | 23.8% | 22.8% |
| 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 | 3 | 4 | 6 | 6 | 6 | 8 | 8 |
| Profit before tax | 15 | 15 | 13 | 14 | 17 | 19 | 20 | 15 | 10 | 20 | 22 | 23 | 26 |
| Net Profit | 11 | 12 | 9 | 10 | 12 | 14 | 15 | 11 | 7 | 14 | 16 | 18 | 19 |
| EPS (₹) | 0.97 | 0.90 | 0.70 | 0.78 | 0.96 | 1.06 | 1.18 | 0.87 | 0.55 | 1.10 | 1.28 | 1.33 | 1.42 |
Profit & Loss
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|
| Sales | 144 | 144 | 241 | 269 | 318 | 376 | 442 | 503 |
| Expenses | 122 | 122 | 194 | 216 | 256 | 296 | 342 | 385 |
| Operating Profit | 22 | 23 | 47 | 53 | 62 | 80 | 100 | 118 |
| OPM % | 15.3% | 16.0% | 19.5% | 19.7% | 19.5% | 21.3% | 22.6% | 23.5% |
| Other Income | −3 | −2 | 1 | −3 | 4 | 2 | 1 | 2 |
| Interest | 12 | 9 | 7 | 4 | 3 | 1 | 2 | 1 |
| Depreciation | 4 | 4 | 4 | 5 | 6 | 11 | 26 | 28 |
| Profit before tax | 4 | 8 | 37 | 41 | 57 | 70 | 74 | 90 |
| Net Profit | 5 | 6 | 28 | 30 | 42 | 53 | 56 | 67 |
| EPS (₹) | 2.05 | 2.63 | 12.03 | 2.64 | 3.23 | 4.06 | 4.20 | 5.13 |
Balance Sheet
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|
| Equity Capital | 23 | 23 | 23 | 23 | 26 | 26 | 26 | — |
| Reserves | 30 | 36 | 63 | 91 | 267 | 317 | 421 | — |
| Borrowings | 63 | 53 | 39 | 45 | 0 | 1 | 9 | — |
| Other Liabilities | 41 | 50 | 58 | 55 | 82 | 84 | 109 | — |
| Total Liabilities | 157 | 162 | 183 | 214 | 375 | 427 | 565 | — |
| Fixed Assets | 44 | 43 | 46 | 56 | 83 | 172 | 213 | — |
| CWIP | 0 | 0 | 7 | 1 | 5 | 10 | 23 | — |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | — |
| Other Assets | 113 | 118 | 131 | 157 | 287 | 245 | 329 | — |
| Total Assets | 157 | 162 | 183 | 214 | 375 | 427 | 565 | — |
Cash Flows
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | 13 | 12 | 32 | 7 | 44 | 27 | 66 |
| Cash from Investing Activity | −1 | −3 | −13 | −9 | −64 | −74 | −120 |
| Cash from Financing Activity | −10 | −10 | −14 | 0 | 90 | −3 | 47 |
| Net Cash Flow | 2 | −1 | 5 | −2 | 70 | −50 | −7 |
Ratios
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| ROCE % | — | 17.0 | 36.0 | 34.0 | 26.0 | 22.0 | 19.0 |
| ROE % | — | — | — | — | — | — | 14.1 |
| EPS (₹) | 2.05 | 2.63 | 12.03 | 2.64 | 3.23 | 4.06 | 4.20 |
| Book Value (₹) | — | — | — | — | — | — | 33.8 |
| Face Value (₹) | — | — | — | — | — | — | 2 |
| P/E | — | — | — | — | — | — | 103.0 |
| Div Yield % | — | — | — | — | — | — | 0.08 |
| NPM % | 3.5 | 4.2 | 11.6 | 11.3 | 13.0 | 14.0 | 12.6 |
| OPM % | 15.0 | 16.0 | 20.0 | 20.0 | 20.0 | 21.0 | 23.0 |
| D/E | 1.19 | 0.90 | 0.45 | 0.39 | 0.00 | 0.00 | 0.02 |
| P/B | — | — | — | — | — | — | 15.4 |
Growth
Compounded sales growth
5 years+25.0%
3 years+18.0%
TTM+36.0%
Compounded profit growth
5 years+50.0%
3 years+20.0%
TTM+42.0%
Stock price CAGR
3 years+49.0%
Last year+201.0%
Return on equity
5 years19.0%
3 years16.0%
Last year14.0%
Documents
Announcements
Board Meeting Intimation for To Consider And Approve The Company'S Expansion Plans, Including Further Capacity Enhancements.Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018Closure of Trading WindowAnnouncement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationAnnouncement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationCorporate actions
14 Jul 2026DIVIDENDDividend - Rs 0.40 Per Share—
29 Jul 2025DIVIDENDDividend - Rs 0.30 Per Share—
28 Jun 2024DIVIDENDDividend - Re 0.25 Per Share—
Fundamentals from a third-party compiler of exchange filings; prices from the exchanges. Not investment advice.© 2026 āagman