
High Scoring Large Cap stocks have outperformed low scoring stocks by 90% over last 4 years
Balance Sheet: Strong Balance Sheet.
Smart Money: Smart money is taking extra interest in the stock as they increase their holdings.
Profitability: Recent profitability of 13% is a good sign.
Size: Market Cap wise it is among the top 20% companies of india.
Growth: Good revenue growth. With NA% growth over past three years, the company is going strong.
Momentum: Stock price has a strong positive momentum. Stock is up 26.3% in last 30 days.
No major cons observed.
Valuation | |
|---|---|
| Market Cap | 6.74 kCr |
| Price/Earnings (Trailing) | 118.65 |
| Price/Sales (Trailing) | 15.19 |
| EV/EBITDA | 66.45 |
| Price/Free Cashflow | -1.28 K |
| MarketCap/EBT | 90.92 |
| Enterprise Value | 6.72 kCr |
Fundamentals | |
|---|---|
| Revenue (TTM) | 443.29 Cr |
| Rev. Growth (Yr) | 37.7% |
| Earnings (TTM) | 55.53 Cr |
| Earnings Growth (Yr) | 57% |
Profitability | |
|---|---|
| Operating Margin | 17% |
| EBT Margin | 17% |
| Return on Equity | 12.41% |
| Return on Assets | 9.83% |
| Free Cashflow Yield | -0.08% |
Growth & Returns | |
|---|---|
| Price Change 1W | 6.5% |
| Price Change 1M | 26.3% |
| Price Change 6M | 147.4% |
| Price Change 1Y | 148.9% |
Cash Flow & Liquidity | |
|---|---|
| Cash Flow from Investing (TTM) | -119.98 Cr |
| Cash Flow from Operations (TTM) | 65.84 Cr |
| Cash Flow from Financing (TTM) | 46.83 Cr |
| Cash & Equivalents | 18.99 Cr |
| Free Cash Flow (TTM) | -5.25 Cr |
| Free Cash Flow/Share (TTM) | -0.4 |
Balance Sheet | |
|---|---|
| Total Assets | 565.02 Cr |
| Total Liabilities | 117.74 Cr |
| Shareholder Equity | 447.27 Cr |
| Current Assets | 322.71 Cr |
| Current Liabilities | 110.71 Cr |
| Net PPE | 203.85 Cr |
| Inventory | 83.72 Cr |
| Goodwill | 1.27 Cr |
Capital Structure & Leverage | |
|---|---|
| Debt Ratio | 0.00 |
| Debt/Equity | 0.00 |
| Interest Coverage | 78.11 |
| Interest/Cashflow Ops | 71.3 |
Dividend & Shareholder Returns | |
|---|---|
| Dividend/Share (TTM) | 0.3 |
| Dividend Yield | 0.16% |
| Shares Dilution (1Y) | 2.3% |
Balance Sheet: Strong Balance Sheet.
Smart Money: Smart money is taking extra interest in the stock as they increase their holdings.
Profitability: Recent profitability of 13% is a good sign.
Size: Market Cap wise it is among the top 20% companies of india.
Growth: Good revenue growth. With NA% growth over past three years, the company is going strong.
Momentum: Stock price has a strong positive momentum. Stock is up 26.3% in last 30 days.
No major cons observed.
Investor Care | |
|---|---|
| Dividend Yield | 0.16% |
| Dividend/Share (TTM) | 0.3 |
| Shares Dilution (1Y) | 2.3% |
| Earnings/Share (TTM) | 4.29 |
Financial Health | |
|---|---|
| Current Ratio | 2.91 |
| Debt/Equity | 0.00 |
Technical Indicators | |
|---|---|
| RSI (14d) | 70.47 |
| RSI (5d) | 75.59 |
| RSI (21d) | 65.7 |
| MACD Signal | Buy |
| Stochastic Oscillator Signal | Sell |
| SharesGuru Signal | Buy |
| RSI Signal | Sell |
| RSI5 Signal | Sell |
| RSI21 Signal | Hold |
| SMA 5 Signal | Buy |
| SMA 10 Signal | Buy |
| SMA 20 Signal | Buy |
| SMA 50 Signal | Buy |
| SMA 100 Signal | Buy |
Summary of Aeroflex Industries's latest earnings call, featuring management's outlook on business performance, financial results, and analyst Q&A sessions that highlight key strategic initiatives and market challenges.
The management of Aeroflex Industries Limited, led by Managing Director Mr. Asad Daud, provided an optimistic outlook during the Q4 and FY26 earnings call. Key points include:
Financial Performance: FY26 marked a landmark year for the company with total income at INR 443.3 crores, up 17% YoY, and a profit after tax (PAT) of INR 55.5 crores, reflecting a PAT margin of 12.5%. Quarterly figures showcased total income of INR 126.5 crores for Q4, a 38% increase YoY, with an EBITDA of INR 30 crores (59% growth YoY) and an EBITDA margin of 23.86%.
Product Expansion: The company sees strong potential in high-performance liquid cooling solutions, particularly in data centers and AI infrastructure. FY26 saw the successful entry into skid assemblies and advanced flow control solutions, generating approximately INR 21.2 crores from sales of 617 skid assemblies in just four months.
Future Capacity and Revenue Goals: Aeroflex plans to scale skid assembly capacity from 2,000 units to 15,000 units per annum, with expectations of reaching 75-80% utilization at peak levels. This is projected to generate revenues of INR 325-330 crores at maximum utilization.
Innovation and Development: The company is enhancing its product portfolio, with over 16 products under development. A new annealing furnace facility is scheduled to be operational by year-end, which will support broader product offerings.
Market Focus: The strategic focus remains on increasing the share of higher-value products and expanding in emerging sectors. The aim is to achieve a 15-20% growth rate for base business while skid assemblies are expected to contribute 20-22% of total revenue by FY27.
Dividend Announcement: Management proposed a final dividend of 20% or INR 0.40 per equity share, indicating confidence in sustained performance and commitment to shareholders.
This summary reflects the current positive outlook provided by management, underscoring growth initiatives and financial performance goals.
Question 1: What is the order book for the liquid cooling skids that we have currently?
Answer: We operate on long-term contracts with specific suppliers, who provide us with a pipeline for the entire year broken down into quarterly POs. Due to disclosure agreements, I can't share specific numbers, but we have a solid vision for the year outlined by our supplier. Our capacity expansions are aligned with these projections.
Question 2: What planned utilization levels can we expect for the 15,000 capacity of skids?
Answer: At peak levels, we anticipate a maximum utilization of about 75% to 80%. Initially, reaching that utilization will take time, as is typical with any expansion. For the first half of the year, we can utilize the 6,000 capacity up to 75%.
Question 3: How much business did we do in metal bellows for FY26, and what is our expectation moving forward?
Answer: In FY26, we achieved approximately INR8 crores in the metal bellows segment, primarily in Q3 and Q4. We are optimistic about growth this year, expecting a significant boost from large inquiries we are currently pursuing.
Question 4: What was Hyd-Air's revenue for FY26?
Answer: Hyd-Air's revenue for FY26 was INR31.64 crores, reflecting strong performance and contributing positively to our overall growth.
Question 5: What is the current utilization of Hyd-Air, and do we have plans for capex?
Answer: Currently, Hyd-Air operates at about 60% utilization. Our aim is to enhance this for internal consumption, leading to increased production of specific fittings for upcoming projects, which will not require additional capex at this time.
Question 6: Regarding liquid cooling technology, do we have any revenue-sharing or royalty agreements with our partners?
Answer: We have an exclusive supply agreement with our partner for skid assemblies in the domestic market, but it does not involve any revenue-sharing or royalties. Our focus remains solely on our manufacturing and supply capabilities.
Question 7: Can we expect the new domestic sales split to be the new normal at 60% due to a reduction in exports?
Answer: The ratio shift does not imply a reduction in export values; domestic sales have surged about 40%, thus increasing their share. Exports have also grown in double digits during Q4, and we expect domestic business to continue to rise with skid assembly sales moving forward.
Question 8: What share of the data center liquid cooling market do our products occupy?
Answer: The TAM for the liquid cooling segment is growing at approximately 35% annually. While we currently hold a small percentage, we aim to significantly enhance our market share and expand our product offerings in this space.
Question 9: What are the EBITDA margin expectations for the upcoming fiscal year?
Answer: We target an EBITDA margin of around 23% for FY27, with potential growth towards 25% over the next couple of years. This aligns with our overall performance and improvement strategies.
Question 10: Can we expect global market approval for skid assemblies soon?
Answer: Our aim is to initiate supplies in the international market in the current FY. However, I cannot provide specific timelines until discussions with potential partners progress further.
Understand Aeroflex Industries ownership landscape with insights into key distribution patterns, offering investors a clear view of stakeholder dynamics.
| Shareholder Name | Holding % |
|---|---|
| Aeroflex Enterprises Limited | 59.84% |
| Italica Global - F.Z.C. | 5.63% |
| Ashish Kacholia | 2.27% |
| Bengal Finance And Investment Private Limited | 2.06% |
| Nippon Life India Trustee Ltd-A/C Nippon India Small Cap Fund | 1.79% |
Distribution across major stakeholders
Distribution across major institutional holders
Detailed comparison of Aeroflex Industries against industry peers, highlighting key financial metrics, valuation ratios, and performance indicators to provide competitive context within the sector.
Ticker | Name | Mkt Cap | Revenue | Price %, 1M | Returns, 1Y | P/E | P/S | Rev 1-Yr | Inc 1-Yr |
|---|---|---|---|---|---|---|---|---|---|
| DIXON | Dixon Tech (India) | 74.91 kCr | 49.59 kCr | +5.10% | -12.30% | 45.24 | 1.51 | - | - |
| APLAPOLLO | APL Apollo Tubes | 51.34 kCr | 22.57 kCr | -1.70% | +4.50% | 42.66 | 2.27 | - | - |
| FINCABLES | Finolex Cables | 18.16 kCr | 6.49 kCr | +15.20% | +29.70% | 25.45 | 2.8 | - | - |
| POLYPLEX | Polyplex Corp | 3 kCr | 7.23 kCr | -0.70% | -21.00% | 66.69 | 0.41 | - | - |
| RAJRATAN | Rajratan Global Wire | 2.36 kCr | 1.16 kCr | +12.80% | +14.50% | 33.55 | 2.03 | - | - |
Comprehensive comparison against sector averages
AEROFLEX metrics compared to Industrial
| Category | AEROFLEX | Industrial |
|---|---|---|
| PE | 118.24 | 27.11 |
| PS | 15.14 | 1.68 |
| Growth | 17 % | 8.2 % |
Aeroflex Industries Limited manufactures and sells stainless-steel corrugated flexible hoses and hose assemblies in India. The company offers corrugated stainless-steel hoses, corrugated stainless steel hoses with braids, gas hoses, fitting end connections, double interlock flexible metal hoses, high pressure hoses, and composite hoses. It also provides stainless steel hose assemblies, such as industrial, jacketed, and vacuum flexible metal hose assemblies; assemblies with standard end fitting, internal liners, and external guards; solar and lancing hoses; and flanged pump, seismic, vibration, and threaded pump connectors, as well as PTFE hoses. The company's products are used in aerospace and defense, semiconductors, robotics and automation, hydrogen, electric mobility, natural gas, steel and metal, petrochemicals and oil refineries, solar, bulk terminal handling, chemicals, food and pharmaceuticals, and paper and pulp, as well as heating, ventilation, and air conditioning industries. It also exports its products. The company was incorporated in 1993 and is based in Mumbai, India. Aeroflex Industries Limited operates as a subsidiary of Sat Industries Limited.
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AEROFLEX vs Industrial (2024 - 2026)