Aeroflex Industries Limited

BSE: AEROFLEX543972ISIN INE024001021

Industrials
Iron & Steel Products
BSE Industrials

Share price

₹567.10+54.10 (+10.55%)

as of 4 Nov 2026

Prices adjusted for splits and bonuses; cash dividends excluded. Volume shows actual shares traded.

52W high: ₹613.50
52W low: ₹157.85
Off 52W high: -7.56%
1M return: +4.08%
3M return: +24.34%
6M return: +64.62%
1Y return: +210.65%
20D avg volume: 4,40,150
50 DMA: ₹525.93
200 DMA: ₹380.93

Key ratios Consolidated

Market cap: ₹7,504 Cr
Current price: ₹567.10
52W high / low: ₹613.50 / ₹157.85
Face value: ₹2.00
P/E: 83.87
P/B: 15.09
EPS (TTM): ₹6.76
Book value / share: ₹37.59
ROE: —
ROCE: 16.50%
Operating margin: —
Net margin: —
Debt / equity: 0.00
Net debt: ₹-17.92 Cr
Interest cover: 79.81
Dividend yield: 0.07%
Dividend / share (TTM): ₹0.40
Payout: 5.92%
Cash conversion cycle: 109.6 days

Financials

Metric	Q2 FY27	Q1 FY27	Q4 FY26	Q3 FY26	Q2 FY26	Q1 FY26	Q4 FY25	Q3 FY25	Q2 FY25	Q1 FY25	Q4 FY24	Q3 FY24
Income statement
	207.36	145.38	125.84	120.89	110.87	84.33	91.69	99.80	94.99	89.75	77.77	73.13
	0.32	0.60	0.62	0.23	0.18	0.33	0.12	0.57	0.81	1.03	1.31	1.19
	207.68	145.97	126.46	121.12	111.05	84.67	91.81	100.37	95.80	90.78	79.08	74.32
	158.08	120.08	103.88	99.03	91.34	74.96	76.89	80.70	77.14	74.09	65.13	60.97
	114.42	84.23	72.15	68.39	65.68	53.38	51.38	58.09	60.96	49.63	48.53	49.41
	0.00	0.00	0.00	0.00	0.00	0.00	0.00	—	—	—	—	—
	18.03	13.94	10.11	11.32	10.82	9.06	9.25	9.21	8.85	7.97	6.77	6.74
	0.60	0.35	0.28	0.23	0.24	0.18	0.13	0.09	0.08	0.06	0.06	0.07
	0.45	7.84	7.79	6.26	6.10	5.93	3.96	2.51	2.43	2.38	1.74	1.59
	20.72	17.25	13.81	13.92	11.88	10.35	9.87	8.87	10.00	9.38	7.53	6.99
	49.61	25.89	22.58	22.08	19.72	9.71	14.92	19.67	18.67	16.69	13.95	13.35
	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	49.61	25.89	22.58	22.08	19.72	9.71	14.92	19.67	18.67	16.69	13.95	13.35
	13.05	7.10	4.94	5.59	5.49	2.54	3.69	4.46	5.01	4.28	3.92	4.31
	36.56	18.79	17.64	16.49	14.23	7.17	11.23	15.21	13.66	12.41	10.03	9.04
	2.76	1.42	1.36	1.28	1.10	0.55	0.87	1.18	1.06	0.96	0.78	0.70
Key metrics
	50.66	34.08	30.65	28.57	26.06	15.82	19.01	22.27	21.18	19.13	15.75	15.01
	24.40%	23.40%	24.40%	23.60%	23.50%	18.80%	20.70%	22.30%	22.30%	21.30%	20.30%	20.50%
	17.60%	12.90%	14.00%	13.60%	12.80%	8.50%	12.20%	15.20%	14.40%	13.80%	12.90%	12.40%
	9.60%	—	5.00%	—	5.40%	—	4.40%	—	—	—	—	—
	87.00%	72.40%	37.20%	21.10%	16.70%	-6.00%	17.90%	36.50%	—	—	—	—
	156.90%	162.10%	57.10%	8.40%	4.20%	-42.20%	12.00%	68.30%	—	—	—	—

Metric	TTM	FY26	FY25	FY24
Income statement
	599.47	441.94	376.23	317.91
	1.77	1.36	2.54	3.84
	601.23	443.29	378.76	321.75
	481.07	369.21	308.81	264.50
	339.19	259.60	220.06	207.24
	0.00	0.00	0.00	—
	53.40	41.31	35.28	26.20
	1.46	0.94	0.36	2.14
	22.34	26.08	11.27	6.26
	65.70	49.96	38.11	28.50
	120.16	74.08	69.95	57.25
	0.00	0.00	0.00	0.00
	120.16	74.08	69.95	57.25
	30.68	18.56	17.44	15.52
	89.48	55.53	52.51	41.73
	6.82	4.28	4.06	3.39
Key metrics
	143.96	101.10	81.58	65.65
	24.01%	22.90%	21.70%	20.70%
	14.93%	12.60%	14.00%	13.10%
	—	16.50%	20.40%	—
	55.03%	17.50%	18.30%	—
	87.04%	5.80%	25.80%	—
	—	-5.25	-76.88	—
	—	1.19	0.51	—
	—	0.00	0.00	—
	—	-17.92	-25.71	—
	—	109.6	122.6	—
Balance sheet
	—	565.02	426.55	—
	—	322.71	239.48	—
	—	18.99	26.30	—
	—	129.82	116.52	—
	—	83.72	66.68	—
	—	39.52	29.53	—
	—	203.85	169.66	—
	—	80.71	56.83	—
	—	110.71	82.24	—
	—	1.07	0.59	—
	—	0.45	0.26	—
	—	0.62	0.33	—
	—	447.27	342.42	—
Cash flow
	—	65.84	26.58	—
	—	-119.98	-73.65	—
	—	46.83	-3.13	—
	—	71.09	103.46	—

Metric	Q2 FY27	Q1 FY27	Q4 FY26	Q3 FY26	Q2 FY26	Q1 FY26	Q4 FY25	Q3 FY25	Q2 FY25	Q1 FY25	Q4 FY24	Q3 FY24
Income statement
	202.06	139.01	118.82	112.71	101.76	79.19	94.23	96.89	93.50	88.28	77.75	73.12
	0.49	0.77	0.72	0.32	0.18	0.33	0.27	0.51	0.80	0.80	1.31	1.19
	202.55	139.78	119.54	113.03	101.94	79.52	94.51	97.40	94.30	89.08	79.06	74.31
	153.41	113.62	97.02	90.96	82.76	69.31	79.86	77.98	75.70	72.42	65.08	60.96
	113.47	80.15	70.68	62.18	58.73	50.95	50.61	54.58	60.19	48.12	48.53	49.41
	0.00	0.00	0.00	0.00	0.00	0.00	0.00	—	—	—	—	—
	17.34	13.30	9.64	10.29	9.78	8.32	8.67	8.81	8.50	7.64	6.77	6.74
	0.60	0.35	0.28	0.24	0.23	0.18	0.13	0.09	0.08	0.06	0.06	0.07
	0.59	7.28	7.21	5.79	5.64	5.48	3.88	2.44	2.37	2.32	1.74	1.59
	18.98	15.76	13.41	12.66	11.17	9.60	9.59	8.26	9.60	9.11	7.49	6.98
	49.14	26.16	22.52	22.07	19.18	10.21	14.65	19.42	18.60	16.66	13.97	13.35
	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-0.19	—	—	—	—
	49.14	26.16	22.52	22.07	19.18	10.21	14.65	19.23	18.60	16.66	13.97	13.35
	12.64	7.10	4.84	5.75	5.53	2.58	3.54	4.41	5.01	4.28	3.92	4.28
	36.50	19.06	17.69	16.32	13.65	7.62	11.11	14.82	13.59	12.38	10.06	9.06
	2.76	1.44	1.36	1.26	1.06	0.59	0.86	1.15	1.05	0.96	0.78	0.70
Key metrics
	50.33	33.79	30.01	28.10	25.05	15.87	18.66	21.76	21.05	19.04	15.77	15.01
	24.90%	24.30%	25.30%	24.90%	24.60%	20.00%	19.80%	22.50%	22.50%	21.60%	20.30%	20.50%
	18.10%	13.70%	14.90%	14.50%	13.40%	9.60%	11.80%	15.30%	14.50%	14.00%	12.90%	12.40%
	9.60%	—	5.00%	—	5.30%	—	4.30%	—	—	—	—	—
	98.60%	75.50%	26.10%	16.30%	8.80%	-10.30%	21.20%	32.50%	—	—	—	—
	167.40%	150.10%	59.20%	10.10%	0.40%	-38.40%	10.40%	63.60%	—	—	—	—

Metric	TTM	FY26	FY25	FY24
Income statement
	572.60	412.47	372.90	317.84
	2.30	1.55	2.39	3.84
	574.90	414.02	375.29	321.69
	455.01	340.05	305.96	264.42
	326.48	242.55	213.50	207.24
	0.00	0.00	0.00	—
	50.57	38.02	33.62	26.20
	1.47	0.94	0.35	2.14
	20.87	24.13	11.00	6.26
	60.81	46.83	36.56	28.41
	119.89	73.98	69.33	57.27
	0.00	0.00	-0.19	—
	119.89	73.98	69.14	57.27
	30.33	18.70	17.24	15.52
	89.57	55.28	51.90	41.75
	6.82	4.26	4.01	3.39
Key metrics
	142.23	99.05	80.49	65.67
	24.84%	24.00%	21.60%	20.70%
	15.64%	13.40%	13.90%	13.10%
	—	16.50%	20.20%	—
	53.90%	10.60%	17.30%	—
	89.77%	6.50%	24.30%	—
	—	0.99	-51.51	—
	—	1.22	0.57	—
	—	0.00	0.00	—
	—	-17.38	-24.31	—
	—	112.5	121.9	—
Balance sheet
	—	559.53	424.16	—
	—	310.70	232.73	—
	—	18.45	24.90	—
	—	124.75	120.95	—
	—	79.30	59.30	—
	—	—	27.13	—
	—	180.12	148.55	—
	—	77.00	55.68	—
	—	106.03	80.44	—
	—	1.07	0.59	—
	—	0.45	0.26	—
	—	0.62	0.33	—
	—	446.54	341.92	—
Cash flow
	—	67.21	29.70	—
	—	-120.50	-77.95	—
	—	46.83	-3.12	—
	—	66.22	81.21	—

Compounded growth

Standalone

Sales CAGR 3Y: —
Sales CAGR 5Y: —
Profit CAGR 3Y: —
Profit CAGR 5Y: —
Sales YoY (TTM): +53.90%
Profit YoY (TTM): +89.77%

Consolidated

Sales CAGR 3Y: —
Sales CAGR 5Y: —
Profit CAGR 3Y: —
Profit CAGR 5Y: —
Sales YoY (TTM): +55.03%
Profit YoY (TTM): +87.04%

Compounded from reported annual figures. We publish no share-price CAGR: our prices are as-traded, so one would be wrong across every split and bonus issue.

Shareholding as of 30 Sep 2026

Promoter holding: 65.47%

Quarter	September 2026	June 2026
Promoter %	65.47%	65.47%

Holder	Type	Holding	Previous	Change
Aeroflex Enterprises Limited	Promoter	59.84%	59.84%	0.00%
Italica Global FZC	Promoter Group	5.63%	—	—
Ashish Kacholia	Public	2.27%	2.27%	0.00%
Bengal Finance And Investment Private Limited	Public	2.06%	2.06%	0.00%

Public shareholders are disclosed individually only above 1%.

Peer comparison

Company	Mkt cap (₹ Cr)	Price (₹)	P/E	ROCE	Sales YoY	Profit YoY	1Y return
Welspun Corp Limited	63,062	2,390.60	26.60	16.70%	+13.62% TTM	+9.55% TTM	+158.46%
APL Apollo Tubes Limited	61,038	2,198.30	46.60	28.20%	+15.83% TTM	+24.90% TTM	+23.52%
Shyam Metalics and Energy Limited S	34,361	1,231.00	58.56	12.00%	+6.12% TTM	+12.47% TTM	+38.81%
Ratnamani Metals & Tubes Ltd	17,199	2,453.80	33.44	16.30%	-16.31% TTM	-8.61% TTM	+0.53%
Jindal Saw Ltd.	16,202	253.35	32.58	10.80%	-0.73% TTM	-55.61% TTM	+48.64%
Usha Martin Ltd.	14,798	485.60	29.16	18.20%	+8.54% TTM	+25.85% TTM	+2.31%
GODAWARI POWER AND ISPAT LTD.	13,845	205.65	17.14	17.90%	+8.43% TTM	+8.78% TTM	-26.21%
GALLANTT ISPAT LIMITED	12,753	528.55	31.30	18.00%	+5.52% TTM	-17.31% TTM	-5.83%
Jayaswal Neco Industries Ltd S	8,906	91.72	12.94	24.20%	+18.34% TTM	+82.81% TTM	+21.19%
Aeroflex Industries Limited	7,504	567.10	83.87	16.50%	+55.03% TTM	+87.04% TTM	+210.65%
Maharashtra Seamless Ltd.	7,450	556.00	10.11	13.00%	-12.21% TTM	-16.12% TTM	-3.03%
Sunflag Iron & Steel Co. Ltd.	7,070	392.30	34.35	3.70%	+9.35% TTM	+4.58% TTM	+48.12%
Shivalik Bimetal Controls Ltd.	6,178	1,072.50	58.24	25.00%	+27.78% TTM	+33.44% TTM	+130.55%
Technocraft Industries (India) Ltd.	6,166	2,719.40	17.69	19.30%	+12.39% TTM	+33.31% TTM	+12.14%
Man Industries (India) Ltd	5,756	767.35	28.17	16.10%	+10.75% TTM	+26.33% TTM	+94.91%
Goodluck India Limited	5,412	542.70	24.86	19.40%	+18.76% TTM	+31.22% TTM	+32.51%
SAMBHV STEEL TUBES LIMITED	4,886	165.80	25.04	17.50%	—	—	+41.23%
Bansal Wire Industries Limited	4,681	59.80	5.97	16.20%	+20.27% TTM	+2.82% TTM	-2.99%
Surya Roshni Ltd.	4,492	206.40	14.41	15.00%	+11.69% TTM	+8.34% TTM	-31.93%
Electrosteel Castings Ltd.	4,241	68.60	35.12	5.10%	-15.69% TTM	-78.91% TTM	-23.36%
Venus Pipes & Tubes Limited S	3,813	1,840.60	40.76	22.80%	+21.73% TTM	+15.01% TTM	+45.10%
Kalyani Steels Ltd	3,774	864.65	13.40	16.20%	-1.11% TTM	+8.01% TTM	+1.58%
Kirloskar Industries Ltd	3,479	3,308.30	10.24	—	+3.82% TTM	-0.15% TTM	-12.15%
Vardhman Special Steels Ltd S	3,454	356.90	21.41	13.50%	+14.75% TTM	+68.58% TTM	+20.94%
Ratnaveer Precision Engineering Limited S	3,192	380.35	41.84	13.30%	+21.02% TTM	+45.53% TTM	—

Filings & corporate actions

Recent announcements

Transcript of Investor Conference call held on Thursday, October 29, 2026.2 Nov 2026 · Company Update / Earnings Call Transcript
Audio Recording of Investors'' Conference Call held on 29th October 2026 for the quarter and half year ended 30th September, 2026.29 Oct 2026 · Company Update / Analyst / Investor Meet
Newspaper advertisement of extract of Un-audited Standalone and Consolidated Financial Results for the quarter and half year ended September 30, 2026.29 Oct 2026 · Company Update / Newspaper Publication
Statement of Deviation and Variation for the quarter ended September 30, 2026.28 Oct 2026 · Company Update / Reg. 32 (1), (3) - Statement of Deviation & Variation
Investor Presentation for the quarter and half year ended September 30, 2026.28 Oct 2026 · Company Update / Investor Presentation
In-Principally approved the proposal for amalgamation of Hyd- Air Engineering Private Limited, a Wholly owned subsidiary of the Company.28 Oct 2026 · Company Update / General
1. Noted the completion of tenure of Mr. Mustafa Abid Kachwala as Chief Financial Officer (CFO) of the Company. 2. Re-designation of Ms. Drashti Bhill as Chief Financial Officer and ....28 Oct 2026 · Company Update / Change in Management
Un-Audited Standalone and Consolidated Financial Results for the quarter and half year ended 30th September, 2026.28 Oct 2026 · Result / Financial Results
The Board of Directors of the Company at its meeting held today, i.e. Wednesday, October 28, 2026, inter-alia, transacted the following business: 1. Approved the Un-audited Standalone ....28 Oct 2026 · Board Meeting / Outcome of Board Meeting
Aeroflex Industries Limited has informed the Exchange about Schedule of Earning Call.19 Oct 2026 · Company Update / Analyst / Investor Meet
Aeroflex Industries Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 28/10/2026 ,inter alia, to consider and approve 1. the Un-audited Standalone ....19 Oct 2026 · Board Meeting / Board Meeting
Please find enclosed herewith a Press Release titled ''Aeroflex Industries Limited Strengthens R&D Capabilities, Secure Patent for Innovative Engineering Technology''19 Oct 2026 · Company Update / Press Release / Media Release
Please find enclosed herewith a Press Release titled Aeroflex Industries Limited to Invest Rs. 202 Crore by March 2028 to strengthen Manufacturing Prowess14 Oct 2026 · Company Update / Press Release / Media Release
Considered and approved the Company''s further expansion plans, including the capacity enhancement in SS Hose & Braiding Division and Liquid Cooling SFN Skid Assemblies Division.14 Oct 2026 · Company Update / General
Considered and approved the Company''s further expansion plans, including the capacity enhancement in the SS Hose & Brading Division and Liquid Cooling SFN Skid Assemblies Division14 Oct 2026 · Board Meeting / Outcome of Board Meeting
Aeroflex Industries Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 14/10/2026 ,inter alia, to consider and approve the Company's expansion ....11 Oct 2026 · Board Meeting / Board Meeting
Certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations 2018 for the quarter ended 30th September, 2026.6 Oct 2026 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
Intimation of Closure of Trading Window for the quarter and half year ended September 30, 2026.28 Sep 2026 · Insider Trading / SAST / Closure of Trading Window
Intimation of Participation in Investor Conference on September 23, 202615 Sep 2026 · Company Update / Analyst / Investor Meet
Intimation of Participation in Investor Conference on September 21, 2026.15 Sep 2026 · Company Update / Analyst / Investor Meet
Intimation of the schedule of group investors/analysts meeting to be held on September 10, 2026.3 Sep 2026 · Company Update / Analyst / Investor Meet
Intimation of schedule of group investors/analysts meeting to be held on August 19, 2026.10 Aug 2026 · Company Update / Analyst / Investor Meet
Intimation of schedule of group investors/analysts meeting to be held on August 18, 2026.10 Aug 2026 · Company Update / Analyst / Investor Meet
Transcript of the investors'' conference call held on Tuesday, July 28, 2026.30 Jul 2026 · Company Update / Earnings Call Transcript
Newspaper advertisement of extract of Un-audited Standalone and Consolidated Financial Results for the quarter ended June 30, 2026.29 Jul 2026 · Company Update / Newspaper Publication
Audio Recording of Investors' Conference Call held on 28th July 2026 for the quarter ended 30th June 202628 Jul 2026 · Company Update / Analyst / Investor Meet
Investor Presentation for the quarter ended June 30, 2026.27 Jul 2026 · Company Update / Investor Presentation
Statement of Deviation and variation for the quarter ended June 30, 2026.27 Jul 2026 · Company Update / Reg. 32 (1), (3) - Statement of Deviation & Variation
Appointment of M/s. Kailash Chand Jain & Co., Chartered Accountants, as Tax Auditor of the Company for the Financial year 2026-27.27 Jul 2026 · Company Update / General
Un-Audited Standalone and Consolidated Financial Results for the quarter ended 30th June, 2026.27 Jul 2026 · Result / Financial Results
The Board of Directors of the Company at its meeting held today, i.e. Monday, July 27, 2026, inter-alia, transacted the following business: 1. Un-audited Standalone and Consolidated Financial ....27 Jul 2026 · Board Meeting / Outcome of Board Meeting
Re-appointment of Statutory Auditors for a second term of 5 consecutive financial years.21 Jul 2026 · Company Update / Appointment of Statutory Auditor/s
Voting Results and Scrutinizers'' Report of 32nd Annual General Meeting of the Company21 Jul 2026 · AGM/EGM / AGM
Proceedings of the 32nd Annual General Meeting held on Tuesday, July 21, 2026.21 Jul 2026 · AGM/EGM / AGM
Aeroflex Industries Limited has informed the Exchange about Schedule of meet20 Jul 2026 · Company Update / Analyst / Investor Meet
Aeroflex Industries Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 27/07/2026 ,inter alia, to consider and approve 1. To consider and approve ....20 Jul 2026 · Board Meeting / Board Meeting
Certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations 2018 for the quarter ended 30th June, 2026.13 Jul 2026 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
Newspaper advertisement titled " Corrigendum to the notice of 32nd Annual General Meeting"3 Jul 2026 · Company Update / Newspaper Publication
Corrigendum to the Notice of the 32nd Annual General Meeting of Aeroflex Industries Limited2 Jul 2026 · AGM/EGM / AGM
Intimation of Capacity Expansion-Increase in capacity of liquid cooling SFN Skid Assemblies.1 Jul 2026 · Company Update / General

Corporate actions

Purpose	Ex date	Record date	Payment date
Final Dividend - Rs. - 0.4000	14 Jul 2026	14 Jul 2026	—
Final Dividend - Rs. - 0.3000	29 Jul 2025	29 Jul 2025	—
Final Dividend - Rs. - 0.2500	28 Jun 2024	28 Jun 2024	—

Board meetings

28 Oct 2026 Board Meeting - Financial Results
27 Jul 2026 Board Meeting - Financial Results