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Last Updated on: 22 April, 2024|Author: Getaka | Social: X Twitter Profile
Stock Ticker - BSE: 543972 | NSE: AEROFLEX

Fundamental Analysis of Aeroflex Industries Ltd

Basic Stock Data

Last Updated: April 21, 2024, 9:18 am

Market Cap 1,838 Cr.
Current Price 142
High / Low197/114
Stock P/E56.6
Book Value 21.2
Dividend Yield0.00 %
ROCE34.6 %
ROE32.4 %
Face Value 2.00

Data Source:

Competitors of Aeroflex Industries Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Industry Average0 Cr0000%0%0%0

Quarterly Result

MonthSep 2022Dec 2022Jun 2023Sep 2023Dec 2023
Operating Profit12.139.1815.8817.6613.82
OPM %17.81%13.93%19.15%21.01%18.90%
Other Income0.
Profit before tax9.906.8514.6915.2513.35
Tax %24.24%24.82%24.64%24.20%32.06%
Net Profit7.505.1511.0711.569.06
EPS in Rs3.282.250.970.890.70

Last Updated: April 10, 2024, 5:44 am

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: April 5, 2024, 7:05 pm

MonthMar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Operating Profit102418214754
OPM %8%16%13%15%20%20%
Other Income00101-3
Profit before tax05483741
Tax %0%-42%-32%25%25%27%
Net Profit07562830
EPS in Rs0.
Dividend Payout %0%0%0%0%0%8%

Profit & Loss Yearly Chart

YoY Net Profit Growth

YoY Net Profit Growth (%)-28.57%20.00%366.67%7.14%
Change in YoY Net Profit Growth (%)0.00%48.57%346.67%-359.52%


Compounded Sales Growth
10 Years:%
5 Years:17%
3 Years:23%
Compounded Profit Growth
10 Years:%
5 Years:252%
3 Years:58%
Stock Price CAGR
10 Years:%
5 Years:%
3 Years:%
1 Year:%
Return on Equity
10 Years:%
5 Years:26%
3 Years:29%
Last Year:32%

Last Updated: April 16, 2024, 6:27 pm

Balance Sheet

Last Updated: April 22, 2024, 12:41 am

MonthMar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital28232323232326
Preference Capital2100000
Other Liabilities29334150585573
Total Liabilities147153157162184214347
Fixed Assets48474443465657
Other Assets99106113118131157274
Total Assets147153157162184214347

Reserves and Borrowings Chart

Cash Flow

MonthMar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity -531312324
Cash from Investing Activity 2-3-1-3-13-10
Cash from Financing Activity 3-5-10-10-144
Net Cash Flow-0-52-15-2

Free Cash Flow

MonthMar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Free Cash Flow-11.0024.0018.0021.0047.0054.00

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

MonthMar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days936872868091
Inventory Days6710312213484120
Days Payable130971301588079
Cash Conversion Cycle3074646284132
Working Capital Days18318315715996128
ROCE %15%16%17%36%35%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthSep 2023Dec 2023
No. of Shareholders94,50697,153

Shareholding Pattern Chart

No. of Shareholders

Aeroflex Industries Ltd Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)
Nippon India Small Cap Fund29313540.145.11
Invesco India Smallcap Fund20212960.8531.11
Bank of India Small Cap Fund3078460.524.74
Bank of India Manufacturing & Infrastructure Fund1301220.922

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 23Mar 22Mar 21Mar 20Mar 19
Basic EPS (Rs.)2.6412.032.632.053.10
Diluted EPS (Rs.)2.6412.032.632.053.10
Cash EPS (Rs.)3.0913.864.283.764.85
Book Value[Excl.RevalReserv]/Share (Rs.)9.9837.7125.6823.0520.87
Book Value[Incl.RevalReserv]/Share (Rs.)9.9837.7125.6823.0520.87
Revenue From Operations / Share (Rs.)23.57105.3263.3263.1361.42
PBDIT / Share (Rs.)4.7320.519.799.7710.20
PBIT / Share (Rs.)4.2718.688.148.068.45
PBT / Share (Rs.)3.6116.123.521.552.17
Net Profit / Share (Rs.)2.6412.032.632.053.10
NP After MI And SOA / Share (Rs.)2.6412.032.632.053.10
PBDIT Margin (%)20.0619.4715.4615.4816.61
PBIT Margin (%)18.1217.7312.8612.7713.75
PBT Margin (%)15.2915.305.552.463.54
Net Profit Margin (%)11.1811.424.153.255.04
NP After MI And SOA Margin (%)11.1811.424.153.255.04
Return on Networth / Equity (%)26.4231.9010.238.9014.84
Return on Capital Employeed (%)36.1739.4619.5420.2021.05
Return On Assets (%)14.0914.993.712.984.62
Long Term Debt / Equity (X)
Total Debt / Equity (X)0.390.450.901.201.53
Asset Turnover Ratio (%)1.361.400.900.920.00
Current Ratio (X)1.961.711.731.621.62
Quick Ratio (X)
Inventory Turnover Ratio (X)4.094.462.863.360.00
Dividend Payout Ratio (NP) (%)7.580.
Dividend Payout Ratio (CP) (%)6.460.
Earning Retention Ratio (%)92.420.
Cash Earning Retention Ratio (%)93.540.
Interest Coverage Ratio (X)11.887.502.511.981.63
Interest Coverage Ratio (Post Tax) (X)8.305.331.851.731.49
Retention Ratios (%)92.410.

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value: 396.55

The stock is undervalued by 179.26% compared to the current price ₹142

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.

*Investments are subject to market risks

Strength and Weakness

  1. The stock has a high average ROCE of 19.83%, which is a positive sign.
  2. The company has higher reserves (72.14 cr) compared to borrowings (3.00 cr), indicating strong financial stability.
  3. The company has shown consistent growth in sales (177.67 cr) and profit (15.83 cr) over the years.
  1. The stock has a high average Working Capital Days of 151.00, which may not be favorable.
  2. The stock has a high average Cash Conversion Cycle of 74.33, 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: 11.18%
      • 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: 36.17% (Industry Average ROCE: 0%)
      • 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%: 26.42% (Industry Average ROE: 0%)
      • 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): 8.30
      • 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: 1.25
      • 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: 56.6 (Industry average Stock P/E: 0)
      • 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: 0.39
      • 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

Steel - General
Survey No.41,42/13,42/14,42/18, Village Chal, Near MIDC Taloja, New Mumbai Maharashtra 410208Mr.Asad%20Daud
NamePosition Held
Mr. Mustafa Abid KachwalaWholeTime Director & CFO
Mr. Harikant Ganeshlal TurgaliaNon Executive Director
Ms. Shilpa BhatiaIndependent Director
Mr. Ramesh Chandra SoniIndependent Director
Mr. Partha Sarathi SarkarIndependent Director
Mr. Arpit KhandelwalIndependent Director

Aeroflex Industries Ltd. Share Price Update

Share PriceValue
Previous Day₹145.45


What is the latest fair value of Aeroflex Industries Ltd?

The latest fair value of Aeroflex Industries Ltd is 396.55.

What is the Market Cap of Aeroflex Industries Ltd?

The Market Cap of Aeroflex Industries Ltd is 1,838 Cr..

What is the current Stock Price of Aeroflex Industries Ltd as on 21 April 2024?

The current stock price of Aeroflex Industries Ltd as on 21 April 2024 is 142.

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

In FY 2024, the High / Low of Aeroflex Industries Ltd stocks is ₹197/114.

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

The Stock P/E of Aeroflex Industries Ltd is 56.6.

What is the Book Value of Aeroflex Industries Ltd?

The Book Value of Aeroflex Industries Ltd is 21.2.

What is the Dividend Yield of Aeroflex Industries Ltd?

The Dividend Yield of Aeroflex Industries Ltd is 0.00 %.

What is the ROCE of Aeroflex Industries Ltd?

The ROCE of Aeroflex Industries Ltd is 34.6 %.

What is the ROE of Aeroflex Industries Ltd?

The ROE of Aeroflex Industries Ltd is 32.4 %.

What is the Face Value of Aeroflex Industries Ltd?

The Face Value of Aeroflex Industries Ltd is 2.00.

About the Author

Author Avatar

Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Aeroflex Industries Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE