Aeroflex Industries Ltd: Fundamental Analysis, Share Price Insights & Intrinsic Value (2024)

Share Price and Basic Stock Data

Last Updated: December 23, 2024, 9:51 pm

Market Cap	2,641 Cr.
Current Price	204
High / Low	235/114
Stock P/E	58.6
Book Value	24.4
Dividend Yield	0.12 %
ROCE	26.5 %
ROE	20.5 %
Face Value	2.00
PEG Ratio	12.13

Stock P/E, Current Price, and Intrinsic Value Over Time

Stock P/E Current Price Intrinsic Value

View Share Price Target for Aeroflex Industries Ltd

Competitors of

Stock Name	Market Cap	Current Price	High / Low	Stock P/E	Book Value	Dividend Yield	ROCE	ROE	Face Value
Aeroflex Industries Ltd	2,641 Cr.	204	235/114	58.6	24.4	0.12 %	26.5 %	20.5 %	2.00
Industry Average	2,641.00 Cr	204.00		58.60	24.40	0.12%	26.50%	20.50%	2.00

All Competitor Stocks of

Quarterly Result

Month	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024
Sales	68	66	70	83	84	73	78	88	94
Expenses	56	57	51	67	66	59	63	70	73
Operating Profit	12	9	19	16	18	14	14	18	20
OPM %	18%	14%	27%	19%	21%	19%	19%	21%	22%
Other Income	0	0	0	1	0	1	1	1	1
Interest	1	1	1	1	1	0	0	0	0
Depreciation	1	1	2	1	2	2	2	2	2
Profit before tax	10	7	16	15	15	13	14	17	19
Tax %	24%	25%	23%	25%	24%	32%	28%	26%	27%
Net Profit	8	5	13	11	12	9	10	12	14
EPS in Rs	3.28	2.25	1.10	0.97	0.89	0.70	0.78	0.96	1.05

Last Updated: November 6, 2024, 7:25 pm

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: Unknown

Month	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	TTM
Sales	122	145	144	145	241	269	318	323
Expenses	112	121	126	124	194	216	256	259
Operating Profit	10	24	18	21	47	53	62	64
OPM %	8%	16%	13%	15%	20%	20%	20%	20%
Other Income	0	0	1	0	1	-3	4	4
Interest	6	15	12	9	7	4	3	1
Depreciation	4	4	4	4	4	5	6	7
Profit before tax	0	5	4	8	37	41	57	59
Tax %	0%	-42%	-32%	25%	25%	27%	27%
Net Profit	0	7	5	6	28	30	42	43
EPS in Rs	0.09	3.10	2.06	2.63	12.06	2.64	3.23	3.33
Dividend Payout %	0%	0%	0%	0%	0%	8%	8%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year	2019-2020	2020-2021	2021-2022	2022-2023	2023-2024
YoY Net Profit Growth (%)	-28.57%	20.00%	366.67%	7.14%	40.00%
Change in YoY Net Profit Growth (%)	0.00%	48.57%	346.67%	-359.52%	32.86%

Aeroflex Industries Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 5 years from 2019-2020 to 2023-2024.

Growth

Compounded Sales Growth
10 Years:	%
5 Years:	17%
3 Years:	30%
TTM:	10%

Compounded Profit Growth
10 Years:	%
5 Years:	43%
3 Years:	79%
TTM:	12%

Stock Price CAGR
10 Years:	%
5 Years:	%
3 Years:	%
1 Year:	37%

Return on Equity
10 Years:	%
5 Years:	24%
3 Years:	27%
Last Year:	21%

Last Updated: Unknown

Balance Sheet

Last Updated: November 14, 2024, 5:57 pm

Month	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Sep 2024
Equity Capital	28	23	23	23	23	23	26	26
Reserves	12	25	30	36	63	91	267	290
Borrowings	99	73	63	53	39	45	0	1
Other Liabilities	8	33	41	50	58	55	81	95
Total Liabilities	147	153	157	162	184	214	375	412
Fixed Assets	48	47	44	43	46	56	83	79
CWIP	0	0	0	0	7	1	5	34
Investments	0	0	0	0	0	0	0	17
Other Assets	99	106	113	118	131	157	286	282
Total Assets	147	153	157	162	184	214	375	412

Reserves and Borrowings Chart

Cash Flow

Month	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Cash from Operating Activity +	-5	3	13	12	32	7	44
Cash from Investing Activity +	2	-3	-1	-3	-13	-10	-35
Cash from Financing Activity +	3	-5	-10	-10	-14	0	90
Net Cash Flow	-0	-5	2	-1	5	-2	99

Free Cash Flow

Month	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Free Cash Flow	-89.00	-49.00	-45.00	-32.00	8.00	8.00	62.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

Month	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Debtor Days	93	68	72	86	80	91	109
Inventory Days	67	103	122	134	84	120	107
Days Payable	130	97	130	158	80	78	100
Cash Conversion Cycle	30	74	64	62	84	132	116
Working Capital Days	183	183	157	159	96	128	107
ROCE %		15%	16%	17%	36%	34%	26%

Financial Efficiency Indicators Chart

Share Holding Pattern

Month	Sep 2023	Dec 2023	Mar 2024	Jun 2024
Promoters	66.99%	66.99%	66.99%	66.99%
FIIs	1.13%	0.36%	0.29%	0.21%
DIIs	6.76%	5.83%	6.16%	5.91%
Public	25.12%	26.82%	26.56%	26.89%
No. of Shareholders	94,506	97,153	94,670	92,602

Shareholding Pattern Chart

No. of Shareholders

Mutual Fund Holdings

Fund Name	No of Shares	AUM (%)	Amount Invested (Cr)	Previous Number of Shares	Previous Date	Percentage Change
Nippon India Small Cap Fund	2,931,354	0.1	45.11	2,021,296	2024-12-22	45.02%
Invesco India Smallcap Fund	2,021,296	0.85	31.11	2,021,296	2024-12-22	0%
Bank of India Small Cap Fund	307,846	0.52	4.74	2,021,296	2024-12-22	-84.77%
Bank of India Manufacturing & Infrastructure Fund	130,122	0.92	2	2,021,296	2024-12-22	-93.56%

ROCE Trend

EPS Trend

Key Financial Ratios

Month	Mar 24	Mar 23	Mar 22	Mar 21	Mar 20
FaceValue	2.00	2.00	10.00	10.00	10.00
Basic EPS (Rs.)	3.39	2.64	12.03	2.63	2.05
Diluted EPS (Rs.)	3.39	2.64	12.03	2.63	2.05
Cash EPS (Rs.)	3.71	3.09	13.86	4.28	3.76
Book Value[Excl.RevalReserv]/Share (Rs.)	22.67	9.98	37.71	25.68	23.05
Book Value[Incl.RevalReserv]/Share (Rs.)	22.67	9.98	37.71	25.68	23.05
Revenue From Operations / Share (Rs.)	24.58	23.57	105.32	63.32	63.13
PBDIT / Share (Rs.)	5.08	4.73	20.51	9.79	9.77
PBIT / Share (Rs.)	4.59	4.27	18.68	8.14	8.06
PBT / Share (Rs.)	4.43	3.61	16.12	3.52	1.55
Net Profit / Share (Rs.)	3.23	2.64	12.03	2.63	2.05
NP After MI And SOA / Share (Rs.)	3.23	2.64	12.03	2.63	2.05
PBDIT Margin (%)	20.65	20.06	19.47	15.46	15.48
PBIT Margin (%)	18.68	18.12	17.73	12.86	12.77
PBT Margin (%)	18.00	15.29	15.30	5.55	2.46
Net Profit Margin (%)	13.12	11.18	11.42	4.15	3.25
NP After MI And SOA Margin (%)	13.12	11.18	11.42	4.15	3.25
Return on Networth / Equity (%)	14.23	26.42	31.90	10.23	8.90
Return on Capital Employeed (%)	20.20	36.17	39.46	19.54	20.20
Return On Assets (%)	11.12	14.09	14.99	3.71	2.98
Long Term Debt / Equity (X)	0.00	0.17	0.24	0.60	0.71
Total Debt / Equity (X)	0.00	0.39	0.45	0.90	1.20
Asset Turnover Ratio (%)	1.08	1.36	1.40	0.90	0.92
Current Ratio (X)	3.46	1.96	1.71	1.73	1.62
Quick Ratio (X)	2.73	1.25	1.24	1.21	1.14
Inventory Turnover Ratio (X)	3.61	4.09	4.46	2.86	3.36
Dividend Payout Ratio (NP) (%)	5.47	7.58	0.00	0.00	0.00
Dividend Payout Ratio (CP) (%)	4.76	6.46	0.00	0.00	0.00
Earning Retention Ratio (%)	94.53	92.42	0.00	0.00	0.00
Cash Earning Retention Ratio (%)	95.24	93.54	0.00	0.00	0.00
Interest Coverage Ratio (X)	30.70	11.88	7.50	2.51	1.98
Interest Coverage Ratio (Post Tax) (X)	20.51	8.30	5.33	1.85	1.73
Enterprise Value (Cr.)	1465.00	0.00	0.00	0.00	0.00
EV / Net Operating Revenue (X)	4.61	0.00	0.00	0.00	0.00
EV / EBITDA (X)	22.31	0.00	0.00	0.00	0.00
MarketCap / Net Operating Revenue (X)	4.94	0.00	0.00	0.00	0.00
Retention Ratios (%)	94.52	92.41	0.00	0.00	0.00
Price / BV (X)	5.36	0.00	0.00	0.00	0.00
Price / Net Operating Revenue (X)	4.94	0.00	0.00	0.00	0.00
EarningsYield	0.02	0.00	0.00	0.00	0.00

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of Aeroflex Industries Ltd as of December 23, 2024 is: 293.47

Calculation basis:

Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

As of December 23, 2024, Aeroflex Industries Ltd is Undervalued by 43.86% compared to the current share price 204.00

Intrinsic Value of Aeroflex Industries Ltd as of December 23, 2024 is: 307.65

Calculation basis:

Intrinsic value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the intrinsic value of the stock by analyzing its fundamental indicators along with EPS growth.

As of December 23, 2024, Aeroflex Industries Ltd is Undervalued by 50.81% compared to the current share price 204.00

Last 5 Year EPS CAGR: 4.83%

*Investments are subject to market risks

Strength and Weakness

Strength	Weakness
The stock has a high average ROCE of 20.57%, which is a positive sign. The company has higher reserves (101.75 cr) compared to borrowings (46.63 cr), indicating strong financial stability. The company has shown consistent growth in sales (213.38 cr) and profit (26.38 cr) over the years.	The stock has a high average Working Capital Days of 144.71, which may not be favorable. The stock has a high average Cash Conversion Cycle of 80.29, which may not be favorable.

Stock Analysis

Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in Aeroflex Industries Ltd:
1. Net Profit Margin: 13.12%
  - Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
2. ROCE: 20.2% (Industry Average ROCE: 26.5%)
  - ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
3. ROE%: 14.23% (Industry Average ROE: 20.5%)
  - ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
4. Interest Coverage Ratio (Post Tax): 20.51
  - Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
5. Quick Ratio: 2.73
  - Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
6. Stock P/E: 58.6 (Industry average Stock P/E: 58.6)
  - Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
7. Total Debt / Equity: 0
  - Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
The current analysis is available for review. It's important to conduct thorough research and consider consulting with financial professionals before making any investment decisions.
Stock Rating:

About the Company - Qualitative Analysis

Steel - General

INDUSTRY	ADDRESS	CONTACT
Plot No.41,42/13,42/14,42/18, Village Chal, Near MIDC Taloja, Mumbai Maharashtra 410208	Mr.	Asad%20Daud Chairman%20&%20Managing%20Director

Management
Name	Position Held
Mr. Mustafa Abid Kachwala	WholeTime Director & CFO
Mr. Harikant Ganeshlal Turgalia	Non Executive Director
Ms. Shilpa Bhatia	Independent Woman Director
Mr. Ramesh Chandra Soni	Independent Director
Mr. Partha Sarathi Sarkar	Independent Director
Mr. Arpit Khandelwal	Independent Director

FAQ

What is the latest intrinsic value of Aeroflex Industries Ltd?

The latest intrinsic value of Aeroflex Industries Ltd as on 23 December 2024 is ₹293.47, which is 43.86% higher than the current market price of ₹204.00. The stock has a market capitalization of 2,641 Cr. and recorded a high/low of 235/114 during the current fiscal year 2024-2025. As of Sep 2024, the company has reserves of ₹290 Cr and total liabilities of ₹412 Cr.

What is the Market Cap of Aeroflex Industries Ltd?

The Market Cap of Aeroflex Industries Ltd is 2,641 Cr..

What is the current Stock Price of Aeroflex Industries Ltd as on 23 December 2024?

The current stock price of Aeroflex Industries Ltd as on 23 December 2024 is 204.

What is the High / Low of Aeroflex Industries Ltd stocks in FY 2024-2025?

In FY 2024-2025, the High / Low of Aeroflex Industries Ltd stocks is 235/114.

What is the Stock P/E of Aeroflex Industries Ltd?

The Stock P/E of Aeroflex Industries Ltd is 58.6.

What is the Book Value of Aeroflex Industries Ltd?

The Book Value of Aeroflex Industries Ltd is 24.4.

What is the Dividend Yield of Aeroflex Industries Ltd?

The Dividend Yield of Aeroflex Industries Ltd is 0.12 %.

What is the ROCE of Aeroflex Industries Ltd?

The ROCE of Aeroflex Industries Ltd is 26.5 %.

What is the ROE of Aeroflex Industries Ltd?

The ROE of Aeroflex Industries Ltd is 20.5 %.

What is the Face Value of Aeroflex Industries Ltd?

The Face Value of Aeroflex Industries Ltd is 2.00.