AEROFLEX

Aeroflex Industries Limited

Flexible metal hoses and assemblies for automotive and industrial markets

Industrials›Capital Goods›Industrial Products›Iron & Steel Products

aeroflexindia.com(opens the company website in a new tab)
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Key metrics

Price as of 2026-10-16

Stock price
₹525.80
Market cap
6,959 Cr
Stock P/E
103.6
P/B
15.56
Dividend yield
0.1%
ROE (FY26)
12.4%
ROCE (FY26)
16.7%
Operating margin (FY26)
16.7%
Debt / equity (FY26)
0.0024
OCF / EBITDA (FY26)
66.0%
OCF / EBITDA (3Y)
56.7%

Full years shown; sign in free for the trailing twelve months. Learn about these metrics →

Price & valuation

Share price and valuation multiples (P/E, P/B and more) over time.

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Compare with peers

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What you need to know

Aeroflex Industries makes stainless-steel flexible hoses, hose assemblies, metal bellows and liquid-cooling skids for data centres, selling to industrial customers in India and abroad.

Company snapshot

12thBy market cap

Ranked among 64 companies in Iron & Steel Products.

What we see

Positives
  • ✓Debt-to-equity of 0.00x — the company is largely funded by its own money, not borrowed funds.
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Statement tables · Consolidated

Switches quarterly, P&L, balance sheet, and cash flow. Key metrics and ratios stay on consolidated when available.

Amounts in ₹ Cr · tap + to expand rows

Quarterly results

Quarterly · ₹ Cr · tap + rows to expand

MetricSept 2023Dec 2023Mar 2024Jun 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Jun 2026
Sales84 Cr73 Cr78 Cr90 Cr95 Cr100 Cr92 Cr84 Cr111 Cr121 Cr126 Cr145 Cr
Operating expenses (approx.)66 Cr59 Cr63 Cr72 Cr75 Cr78 Cr73 Cr69 Cr85 Cr93 Cr96 Cr112 Cr
EBITDA18 Cr14 Cr14 Cr18 Cr20 Cr22 Cr19 Cr15 Cr26 Cr28 Cr30 Cr33 Cr
OPM %21.0%18.9%18.6%20.2%21.4%21.7%20.6%18.4%23.3%23.5%23.9%23.0%
Other income0.36 Cr1 Cr1 Cr1 Cr0.81 Cr0.57 Cr0.12 Cr0.33 Cr0.18 Cr0.23 Cr0.62 Cr0.60 Cr
Interest1 Cr0.07 Cr0.06 Cr0.06 Cr0.08 Cr0.09 Cr0.13 Cr0.18 Cr0.24 Cr0.23 Cr0.28 Cr0.35 Cr
Depreciation2 Cr2 Cr2 Cr2 Cr2 Cr3 Cr4 Cr6 Cr6 Cr6 Cr8 Cr8 Cr
Profit before tax15 Cr13 Cr14 Cr17 Cr19 Cr20 Cr15 Cr10 Cr20 Cr22 Cr23 Cr26 Cr
Tax %24.1%32.3%28.1%25.7%26.8%22.7%24.7%26.2%27.8%25.3%21.9%27.4%
Net profit12 Cr9 Cr10 Cr12 Cr14 Cr15 Cr11 Cr7 Cr14 Cr16 Cr18 Cr19 Cr
EPS (₹)₹0.94₹0.70₹0.78₹0.96₹1.06₹1.18₹0.87₹0.55₹1.10₹1.28₹1.36₹1.42

Profit & loss (annual)

Annual · last column is TTM · ₹ Cr · tap + to expand

MetricMar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales145 Cr241 Cr269 Cr318 Cr376 Cr442 CrSign in free for the trailing twelve months
Operating expenses (approx.)122 Cr194 Cr215 Cr256 Cr297 Cr342 CrSign in free for the trailing twelve months
EBITDA22 Cr47 Cr54 Cr62 Cr79 Cr100 CrSign in free for the trailing twelve months
OPM %15.4%19.4%20.1%19.4%21.0%22.6%Sign in free for the trailing twelve months
Other income0.06 Cr0.19 Cr0.02 Cr4 Cr3 Cr1 CrSign in free for the trailing twelve months
Interest9 Cr6 Cr5 Cr2 Cr0.36 Cr0.94 CrSign in free for the trailing twelve months
Depreciation4 Cr4 Cr5 Cr6 Cr11 Cr26 CrSign in free for the trailing twelve months
Profit before tax8 Cr37 Cr41 Cr57 Cr70 Cr74 CrSign in free for the trailing twelve months
Tax %25.3%25.4%26.8%27.1%24.9%25.0%Sign in free for the trailing twelve months
Net profit6 Cr28 Cr30 Cr42 Cr53 Cr56 CrSign in free for the trailing twelve months
EPS (₹)₹0.53₹2.41₹2.64₹3.39₹4.06₹4.28Sign in free for the trailing twelve months
Dividend payout %———5.5%6.2%7.0%Sign in free for the trailing twelve months
Sign in free for the trailing twelve months

The latest four quarters added up, next to each full year

Balance sheet

Annual · ₹ Cr · tap + rows to expand

MetricMar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity capital23 Cr23 Cr23 Cr26 Cr26 Cr26 Cr
Reserves36 Cr63 Cr91 Cr267 Cr317 Cr421 Cr
Borrowings53 Cr39 Cr45 Cr0.12 Cr0.58 Cr1 Cr
Other liabilities50 Cr58 Cr55 Cr82 Cr84 Cr117 Cr
Total liabilities162 Cr183 Cr214 Cr375 Cr427 Cr565 Cr
Fixed assets (net)43 Cr46 Cr56 Cr82 Cr170 Cr204 Cr
CWIP—6 Cr0.64 Cr5 Cr10 Cr23 Cr
Investments———0 Cr0 Cr7 Cr
Inventories34 Cr36 Cr56 Cr59 Cr67 Cr84 Cr
Trade receivables34 Cr53 Cr67 Cr95 Cr117 Cr130 Cr
Cash & bank3 Cr8 Cr6 Cr77 Cr26 Cr19 Cr
Other assets47 Cr35 Cr29 Cr57 Cr38 Cr98 Cr
Total assets162 Cr183 Cr214 Cr375 Cr427 Cr565 Cr

Cash flows

Annual · ₹ Cr · tap + rows to expand · last column includes FCF

MetricMar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from operating activity12 Cr32 Cr4 Cr44 Cr27 Cr66 Cr
Cash from investing-3 Cr-13 Cr-9 Cr-35 Cr-74 Cr-120 Cr
Cash from financing-10 Cr-14 Cr4 Cr90 Cr-3 Cr47 Cr
Net cash flow-1 Cr5 Cr-2 Cr99 Cr-50 Cr-7 Cr
Free cash flow (OCF − Capex)9 Cr19 Cr-6 Cr6 Cr-77 Cr-5 Cr

Ratios

MetricMar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROCE %15.2%34.4%28.8%20.3%20.5%16.7%
ROE %10.2%31.9%26.4%14.2%15.3%12.4%
Debtor days858090109113107
Inventory days13283109104110117
Days payable15580719794113
Cash conversion cycle6283128115129111
OCF / EBITDA %54.1%68.7%7.0%71.3%33.6%66.0%
OCF / EBITDA % (3 years)——39.0%49.2%38.2%56.7%
Debt / equity0.900.450.390.00040.00170.0024
Current ratio1.731.711.963.462.912.91
Net debt / EBITDA2.220.660.72-1.24-0.33-0.18