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SummaryLatest NewsSector ComparisonEarnings ReportRevenue & GrowthPeersIncome StatementBalance SheetCash Flow
AEROFLEX logo

AEROFLEX - Aeroflex Industries Limited Share Price

Industrial Products
Sharesguru Stock Score

AEROFLEX

30/100

High Scoring Large Cap stocks have outperformed low scoring stocks by 90% over last 4 years

₹439.35+25.75(+6.23%)
Market Open as of May 8, 2026, 15:30 IST
Pros

Balance Sheet: Strong Balance Sheet.

Profitability: Recent profitability of 13% is a good sign.

Smart Money: Smart money is taking extra interest in the stock as they increase their holdings.

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 67.9% in last 30 days.

Size: Market Cap wise it is among the top 20% companies of india.

Technicals: Bullish SharesGuru indicator.

Cons

No major cons observed.

Price to Sales Ratio

Revenue (Last 12 mths)

Net Income (Last 12 mths)

Sharesguru Stock Score

AEROFLEX

30/100

High Scoring Large Cap stocks have outperformed low scoring stocks by 90% over last 4 years

Valuation

Market Cap5.81 kCr
Price/Earnings (Trailing)102.41
Price/Sales (Trailing)13.12
EV/EBITDA57.33
Price/Free Cashflow-1.11 K
MarketCap/EBT78.48
Enterprise Value5.8 kCr

Fundamentals

Revenue (TTM)443.29 Cr
Rev. Growth (Yr)37.7%
Earnings (TTM)55.53 Cr
Earnings Growth (Yr)57%

Profitability

Operating Margin17%
EBT Margin17%
Return on Equity12.41%
Return on Assets9.83%
Free Cashflow Yield-0.09%

Growth & Returns

Price Change 1W44.2%
Price Change 1M67.9%
Price Change 6M136%
Price Change 1Y178.9%

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 & Equivalents18.99 Cr
Free Cash Flow (TTM)-5.25 Cr
Free Cash Flow/Share (TTM)-0.4

Balance Sheet

Total Assets565.02 Cr
Total Liabilities117.74 Cr
Shareholder Equity447.27 Cr
Current Assets322.71 Cr
Current Liabilities110.71 Cr
Net PPE203.85 Cr
Inventory83.72 Cr
Goodwill1.27 Cr

Capital Structure & Leverage

Debt Ratio0.00
Debt/Equity0.00
Interest Coverage78.11
Interest/Cashflow Ops71.3

Dividend & Shareholder Returns

Dividend/Share (TTM)0.3
Dividend Yield0.16%
Shares Dilution (1Y)2.3%
Pros

Balance Sheet: Strong Balance Sheet.

Profitability: Recent profitability of 13% is a good sign.

Smart Money: Smart money is taking extra interest in the stock as they increase their holdings.

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 67.9% in last 30 days.

Size: Market Cap wise it is among the top 20% companies of india.

Technicals: Bullish SharesGuru indicator.

Cons

No major cons observed.

The Good, Bad and Ugly
Growth
Measures how quickly a company is expanding through metrics like revenue growth, earnings growth, and cash flow growth over time. Strong growth can indicate future potential.
Profitability
Shows how efficiently a company turns business activities into profit, using metrics like profit margins, return on equity (ROE), and return on assets (ROA).
Size
Indicates the company's market presence through metrics like market capitalization, total assets, and revenue. Size can influence stability and market influence.
Dilution Rank
Tracks how much the company's shares have increased or decreased over time. Lower dilution means existing shareholders maintain stronger ownership stakes.
Balance Sheet
Evaluates the company's financial health by analyzing assets, debts, and equity. A strong balance sheet indicates financial stability and flexibility.
Momentum
Measures the strength and speed of price movements, showing whether the stock is gaining or losing market favor over different time periods.
Technicals
Analyzes price patterns, trading volumes, and other market indicators to identify potential trading opportunities and market trends.
Smart Money
Tracks the investment activities of institutional investors, hedge funds, and other large financial players who often have deep research capabilities.
Insider Trading
Monitors buying and selling of company shares by executives, directors, and other insiders who may have unique insights into the company's prospects.

Investor Care

Dividend Yield0.16%
Dividend/Share (TTM)0.3
Shares Dilution (1Y)2.3%
Earnings/Share (TTM)4.29

Financial Health

Current Ratio2.91
Debt/Equity0.00

Technical Indicators

RSI (14d)77.25
RSI (5d)98.33
RSI (21d)82.21
MACD SignalBuy
Stochastic Oscillator SignalSell
SharesGuru SignalBuy
RSI SignalSell
RSI5 SignalSell
RSI21 SignalSell
SMA 5 SignalBuy
SMA 10 SignalBuy
SMA 20 SignalBuy
SMA 50 SignalBuy
SMA 100 SignalBuy

Summary of Latest Earnings Report from Aeroflex Industries

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.

In the Q3 FY '26 earnings conference call, Asad Daud, the Managing Director of Aeroflex Industries Limited, provided an optimistic outlook for the remaining quarter of FY26. He highlighted several forward-looking points:

  1. Continued Growth: The company experienced its highest-ever quarterly revenue, EBITDA, and profit after tax (PAT), with total income reaching INR 121 crores, up 21% year-on-year (YoY). The EBITDA stood at INR 28.5 crores, reflecting a margin of 23.5%.

  2. Expansion Plans: Aeroflex is expanding its hose capacity by adding 1 million meters, increasing total installed capacity to 17.5 million meters annually. Additional capacity of 2.5 million meters will be commissioned by Q2 of the next financial year.

  3. Liquid Cooling Solutions: The company has entered the high-performance liquid cooling market for data centers, with the first commercial dispatch of skid assemblies. They plan to expand skid assembly capacity to 15,000 units per annum, set to be completed by June 2026. This expansion aligns with growing global demand in data centers and AI infrastructure.

  4. Capital Spending Adjustments: The capital expenditure for the Miniature Metal Bellows project has been revised from INR 23 crores to INR 10.5 crores. The planned installed capacity will decrease from 240,000 pieces to around 50,000 pieces, deemed sufficient for current demand while allowing future scalability.

  5. Revenue from Subsidiary: The subsidiary, Hyd-Air, reported revenues of INR 8.5 crores in Q3, up from INR 2.9 crores YoY, indicating strong growth prospects.

  6. Strong Order Book: Management expressed confidence in sustaining growth momentum backed by a healthy order book and strong customer relationships in the global data center and AI infrastructure market.

  7. Focus on Margin Optimization: Despite headwinds in tariffs, the company's robust execution capabilities and focus on value-added products enhance the likelihood of maintaining strong margins moving forward.

The management's overall sentiment reflects a strategic focus on capacity expansion, operational efficiency, and leveraging market opportunities in data centers, positioning Aeroflex for continued success in FY26 and beyond.

Here are the major questions from the Q&A section of the earnings transcript, along with detailed answers provided by the management:

  1. Q: Are we going to pay some royalty to the U.S.-based company for the liquid cooling skid system? A: No royalty is paid; it's a standard buyer-seller transaction under an exclusive five-year agreement limited to India.

  2. Q: What is the current capacity with respect to the liquid cooling systems, and how much revenue is expected at peak utilization? A: We currently have a capacity of around 2,000 assemblies, expanding to 15,000. At peak utilization, this can generate INR 300-350 crores in revenue.

  3. Q: What percentage of total revenue is from exports, and how does the recent FTA signing impact this? A: About 74% of our total revenue comes from exports, with approximately 90% of this from the EU and U.S.A. The recent FTA is expected to boost our export traction significantly in the EU market.

  4. Q: What is the current capacity utilization at Hyd-Air and future capital expenditure plans? A: Hyd-Air is currently utilizing about 70% capacity. We plan to invest in new machines soon to further increase capacity.

  5. Q: What were the capital expenditures spread across hoses, bellows, and liquid cooling solutions during the financial year? A: Approximately INR 36 crores was invested this financial year: INR 9 crores for liquid cooling, INR 5 crores for bellows, and INR 22 crores for hoses.

  6. Q: What is the visibility for liquid cooling solutions over the next year or two? A: We have a pipeline of INR 45 crores planned for dispatches based on our partner's projections for demand in the liquid cooling market.

  7. Q: What are the peak revenues expected from each division? A: Liquid cooling at INR 300-350 crores, hoses and assemblies between INR 650-675 crores, metal bellows at INR 85 crores, and Hyd-Air around INR 45 crores.

  8. Q: How do you see the transition from air cooling to liquid cooling affecting your business? A: With newer data centers utilizing liquid cooling due to lower recurring costs compared to air systems, we anticipate strong growth in this sector, especially as technology improves.

  9. Q: How are you managing raw material price volatility? A: We work with long-term contracts and back-to-back arrangements for key raw materials. Although volatility can impact margins, we haven't seen significant fluctuations recently.

  10. Q: Are there plans to diversify markets beyond the U.S.? A: Yes, while the U.S. remains our largest market, we are focusing on the EU for growth, especially after the recent FTA, which should open new opportunities.

These responses reflect our strategic focus and operational insights for the upcoming quarters as we navigate market dynamics.

Share Holdings

Understand Aeroflex Industries ownership landscape with insights into key distribution patterns, offering investors a clear view of stakeholder dynamics.

Holding Pattern

Share Holding Details

Shareholder NameHolding %
Aeroflex Enterprises Limited59.84%
Italica Global - F.Z.C.5.63%
Ashish Kacholia2.27%
Bengal Finance And Investment Private Limited2.06%
Nippon Life India Trustee Ltd-A/C Nippon India Small Cap Fund1.79%

Overall Distribution

Distribution across major stakeholders

Ownership Distribution

Distribution across major institutional holders

Is Aeroflex Industries Better than it's peers?

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
DIXONDixon Tech (India)65.56 kCr49.29 kCr+1.60%-30.90%35.921.33--
APLAPOLLOAPL Apollo Tubes54.1 kCr22.57 kCr-4.80%+17.20%44.962.4--
FINCABLESFinolex Cables17.45 kCr6.15 kCr+34.60%+28.30%25.642.84--
POLYPLEXPolyplex Corp2.98 kCr7.05 kCr+11.60%-20.40%98.560.42--
RAJRATANRajratan Global Wire2.27 kCr1.16 kCr+13.90%+12.80%32.261.95--

Sector Comparison: AEROFLEX vs Industrial Products

Comprehensive comparison against sector averages

Comparative Metrics

AEROFLEX metrics compared to Industrial

CategoryAEROFLEXIndustrial
PE102.41 26.91
PS13.12 1.71
Growth17 %7.4 %
67% metrics above sector average
Key Insights
  • 1. AEROFLEX is NOT among the Top 10 largest companies in Iron & Steel Products.
  • 2. The company holds a market share of 0.2% in Iron & Steel Products.
  • 3. In last one year, the company has had an above average growth that other Iron & Steel Products companies.

Income Statement for Aeroflex Industries

Consolidated figures (in Rs. Crores) /
Description(%) Q/QMar-2026Mar-2025Mar-2024
Revenue From Operations17.6%442376318
Other Income-76.5%1.362.533.84
Total Income16.9%443379322
Cost of Materials18.3%260220207
Employee Expense17.6%413526
Finance costs90.6%0.940.362.14
Depreciation and Amortization150%26116.26
Other expenses32.4%503828
Total Expenses19.5%369309264
Profit Before exceptional items and Tax5.8%747057
Total profit before tax5.8%747057
Current tax12.5%191715
Deferred tax-840%-0.410.850.44
Total tax12.5%191716
Total profit (loss) for period5.8%565342
Total Comprehensive Income5.8%565342
Earnings Per Share, Basic7.2%4.284.063.39
Earnings Per Share, Diluted7.2%4.284.063.39
Description(%) Q/QMar-2026Dec-2025Sep-2025Jun-2025Mar-2025Dec-2024
Revenue From Operations4.2%1261211118492100
Other Income50.6%0.620.230.180.330.120.57
Total Income4.2%1261211118592100
Cost of Materials6%726866535158
Employee Expense-10%1011119.069.259.21
Finance costs6.5%0.280.230.240.180.130.09
Depreciation and Amortization29.1%7.796.266.15.933.952.51
Other expenses0%141412109.878.87
Total Expenses5.1%1049991757781
Profit Before exceptional items and Tax4.8%2322209.711520
Total profit before tax4.8%2322209.711520
Current tax-20.8%56.055.12.822.784.45
Deferred tax27.4%-0.06-0.460.38-0.280.910.01
Total tax-14.2%4.945.595.482.543.694.46
Total profit (loss) for period13.3%1816147.171115
Other comp. income net of taxes-000000
Total Comprehensive Income13.3%1816147.171115
Earnings Per Share, Basic28.6%1.361.281.10.550.871.18
Earnings Per Share, Diluted28.6%1.361.281.10.550.871.18
Standalone figures (in Rs. Crores) /
Description(%) Q/QMar-2026Mar-2025Mar-2024
Revenue From Operations10.5%412373318
Other Income-60.4%1.552.393.84
Total Income10.4%414375322
Cost of Materials13.6%243214207
Employee Expense12.1%383426
Finance costs90.8%0.940.352.14
Depreciation and Amortization130%24116.26
Other expenses27.8%473728
Total Expenses11.1%340306264
Profit Before exceptional items and Tax7.4%746957
Exceptional items before tax16%0-0.190
Total profit before tax7.4%746957
Current tax20%191615
Deferred tax-433.3%-0.280.760.44
Total tax12.5%191716
Total profit (loss) for period5.9%555242
Total Comprehensive Income5.9%555242
Earnings Per Share, Basic8.3%4.264.013.39
Earnings Per Share, Diluted8.3%4.264.013.39
Description(%) Q/QMar-2026Dec-2025Sep-2025Jun-2025Mar-2025Dec-2024
Revenue From Operations5.4%119113102799497
Other Income58.8%0.720.320.180.330.270.51
Total Income6.2%120113102809597
Cost of Materials14.8%716259515155
Employee Expense-4%9.64109.788.328.678.81
Finance costs5.3%0.280.240.230.180.130.09
Depreciation and Amortization29.9%7.225.795.645.483.882.44
Other expenses0%1313119.69.598.26
Total Expenses6.7%979183698078
Profit Before exceptional items and Tax4.8%232219101519
Exceptional items before tax-00000-0.19
Total profit before tax4.8%232219101519
Current tax-20.8%56.055.12.822.724.4
Deferred tax10.8%-0.16-0.30.43-0.240.820.01
Total tax-19.2%4.845.755.532.583.544.41
Total profit (loss) for period13.3%1816147.621115
Total Comprehensive Income13.3%1816147.621115
Earnings Per Share, Basic38.5%1.361.261.060.590.861.15
Earnings Per Share, Diluted38.5%1.361.261.060.590.861.15

Balance Sheet for Aeroflex Industries

Consolidated figures (in Rs. Crores) /
Description(%) Q/QMar-2026Sep-2025Mar-2025Sep-2024Mar-2024Sep-2023
Cash and cash equivalents-33.3%192826547621
Total current financial assets31.1%199152143176200193
Inventories16.9%847267665960
Total current assets22.4%323264239280280270
Property, plant and equipment24.5%204164170928256
Capital work-in-progress-8.3%23259.84345.3816
Investment property-16.1%7.418.640000
Goodwill0%1.271.271.271.2700
Non-current investments-0.0100000
Total non-current financial assets20.1%3.092.742.732.483.460
Total non-current assets18.1%2422051871339577
Total assets20.5%565469427413375347
Borrowings, non-current43.3%0.620.330.330.620.060.12
Total non-current financial liabilities-28.3%6.138.150.330.620.060.12
Total non-current liabilities-31.6%7.039.821.891.260.780.44
Borrowings, current36.8%0.450.130.260.120.060.08
Total current financial liabilities9.3%837657685556
Current tax liabilities72.4%5.743.755.393.341.873.82
Total current liabilities11.1%11110082968173
Total liabilities8.3%11810984978273
Equity share capital0%262626262626
Total equity24.2%447360342316293274
Total equity and liabilities20.5%565469427413375347
Standalone figures (in Rs. Crores) /
Description(%) Q/QMar-2026Sep-2025Mar-2025Sep-2024Mar-2024Sep-2023
Cash and cash equivalents-32%182625537621
Total current financial assets58.6%231146146173200193
Inventories20%796659655960
Total current assets25%311249233276280270
Property, plant and equipment18.5%180152149798256
Capital work-in-progress-8.7%22248.88345.3816
Investment property-7.410-000
Non-current investments0%282828170.190.19
Loans, non-current411.6%5.41.860000
Total non-current financial assets12.9%363230203.650.19
Total non-current assets18.1%2492111911369578
Total assets21.8%560460424412375347
Borrowings, non-current43.3%0.620.330.330.580.060.12
Total non-current financial liabilities-28.3%6.138.150.330.580.060.12
Total non-current liabilities-32.3%6.979.821.81.230.780.44
Borrowings, current36.8%0.450.130.260.120.060.08
Total current financial liabilities16.2%806956685556
Current tax liabilities76.8%5.793.715.323.371.873.84
Total current liabilities16.7%1069180958173
Total liabilities12%11310182968273
Equity share capital0%262626262626
Total equity24.6%447359342316293274
Total equity and liabilities21.8%560460424412375347

Cash Flow for Aeroflex Industries

Consolidated figures (in Rs. Crores) /
Finance costs-53.1%
Change in inventories-106.4%
Depreciation150%
Adjustments for interest income-77.7%
Net Cashflows from Operations100%
Interest paid-
Interest received-
Income taxes paid (refund)12.5%
Net Cashflows From Operating Activities150%
Purchase of property, plant and equipment-31.4%
Proceeds from sales of intangible assets-
Interest received-77.7%
Other inflows (outflows) of cash-289.7%
Net Cashflows From Investing Activities-62.1%
Proceeds from issuing shares-
Proceeds from borrowings47.2%
Repayments of borrowings18.3%
Payments of lease liabilities-
Dividends paid29.1%
Interest paid90.6%
Other inflows (outflows) of cash-
Net Cashflows from Financing Activities1213.8%
Net change in cash and cash eq.83.8%
Standalone figures (in Rs. Crores) /
Finance costs90.8%
Change in inventories-1444.1%
Depreciation130%
Adjustments for interest income-79.1%
Net Cashflows from Operations91.1%
Interest paid-
Interest received-
Income taxes paid (refund)20%
Net Cashflows From Operating Activities127.6%
Purchase of property, plant and equipment-18.8%
Purchase of investment property-103.7%
Interest received-79.1%
Other inflows (outflows) of cash-282.7%
Net Cashflows From Investing Activities-53.9%
Proceeds from issuing shares-
Proceeds from borrowings47.2%
Repayments of borrowings18.3%
Payments of lease liabilities-
Dividends paid29.1%
Interest paid90.8%
Other inflows (outflows) of cash-
Net Cashflows from Financing Activities1216.5%
Net change in cash and cash eq.85.8%

What does Aeroflex Industries Limited do?

Iron & Steel Products•Capital Goods•Small Cap

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.

Industry Group:Industrial Products
Employees:478
Website:www.aeroflexindia.com

Important Disclosure & Data Context

This is an informational page just to provide a quick 'first look' at the stock. You must do your own deeper research. Know your risk appetite. Consult a SEBI-registered financial advisor before making any investment decisions.

Performance Comparison

AEROFLEX vs Industrial (2024 - 2026)

AEROFLEX leads the Industrial sector while registering a 183.3% growth compared to the previous year.