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Last Updated on: 12 December, 2024
Author: Getaka|Social: Getaka Financial Technology X (Earlier Twitter) Profile Getaka Financial Technology LinkedIn Logo
Stock Ticker - BSE: 543972 | NSE: AEROFLEX

Aeroflex Industries Ltd: Share Price Intrinsic Value and Fundamental Analysis

Share Price and Basic Stock Data

Last Updated: December 11, 2024, 9:59 pm

Market Cap 2,805 Cr.
Current Price 217
High / Low231/114
Stock P/E62.2
Book Value 24.4
Dividend Yield0.12 %
ROCE26.5 %
ROE20.5 %
Face Value 2.00
PEG Ratio12.87

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

View Share Price Target for Aeroflex Industries Ltd

Competitors of Aeroflex Industries Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Aeroflex Industries Ltd 2,805 Cr. 217231/11462.2 24.40.12 %26.5 %20.5 % 2.00
Industry Average2,805.00 Cr217.0062.2024.400.12%26.50%20.50%2.00

All Competitor Stocks of Aeroflex Industries Ltd

Quarterly Result

MonthSep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
Sales686670838473788894
Expenses565751676659637073
Operating Profit12919161814141820
OPM %18%14%27%19%21%19%19%21%22%
Other Income000101111
Interest111110000
Depreciation112122222
Profit before tax10716151513141719
Tax %24%25%23%25%24%32%28%26%27%
Net Profit851311129101214
EPS in Rs3.282.251.100.970.890.700.780.961.05

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

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: Unknown

MonthMar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024TTM
Sales122145144145241269318323
Expenses112121126124194216256259
Operating Profit1024182147536264
OPM %8%16%13%15%20%20%20%20%
Other Income00101-344
Interest6151297431
Depreciation44444567
Profit before tax054837415759
Tax %0%-42%-32%25%25%27%27%
Net Profit075628304243
EPS in Rs0.093.102.062.6312.062.643.233.33
Dividend Payout %0%0%0%0%0%8%8%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2019-20202020-20212021-20222022-20232023-2024
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:52%
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

MonthMar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Sep 2024
Equity Capital2823232323232626
Reserves122530366391267290
Borrowings99736353394501
Other Liabilities833415058558195
Total Liabilities147153157162184214375412
Fixed Assets4847444346568379
CWIP000071534
Investments000000017
Other Assets99106113118131157286282
Total Assets147153157162184214375412

Reserves and Borrowings Chart

Cash Flow

MonthMar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Cash from Operating Activity +-53131232744
Cash from Investing Activity +2-3-1-3-13-10-35
Cash from Financing Activity +3-5-10-10-14090
Net Cash Flow-0-52-15-299

Free Cash Flow

MonthMar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Free Cash Flow-89.00-49.00-45.00-32.008.008.0062.00

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 2023Mar 2024
Debtor Days936872868091109
Inventory Days6710312213484120107
Days Payable130971301588078100
Cash Conversion Cycle3074646284132116
Working Capital Days18318315715996128107
ROCE %15%16%17%36%34%26%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthSep 2023Dec 2023Mar 2024Jun 2024
Promoters66.99%66.99%66.99%66.99%
FIIs1.13%0.36%0.29%0.21%
DIIs6.76%5.83%6.16%5.91%
Public25.12%26.82%26.56%26.89%
No. of Shareholders94,50697,15394,67092,602

Shareholding Pattern Chart

No. of Shareholders

Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
Nippon India Small Cap Fund2,931,3540.145.112,021,2962024-12-1145.02%
Invesco India Smallcap Fund2,021,2960.8531.112,021,2962024-12-110%
Bank of India Small Cap Fund307,8460.524.742,021,2962024-12-11-84.77%
Bank of India Manufacturing & Infrastructure Fund130,1220.9222,021,2962024-12-11-93.56%

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 24Mar 23Mar 22Mar 21Mar 20
FaceValue2.002.0010.0010.0010.00
Basic EPS (Rs.)3.392.6412.032.632.05
Diluted EPS (Rs.)3.392.6412.032.632.05
Cash EPS (Rs.)3.713.0913.864.283.76
Book Value[Excl.RevalReserv]/Share (Rs.)22.679.9837.7125.6823.05
Book Value[Incl.RevalReserv]/Share (Rs.)22.679.9837.7125.6823.05
Revenue From Operations / Share (Rs.)24.5823.57105.3263.3263.13
PBDIT / Share (Rs.)5.084.7320.519.799.77
PBIT / Share (Rs.)4.594.2718.688.148.06
PBT / Share (Rs.)4.433.6116.123.521.55
Net Profit / Share (Rs.)3.232.6412.032.632.05
NP After MI And SOA / Share (Rs.)3.232.6412.032.632.05
PBDIT Margin (%)20.6520.0619.4715.4615.48
PBIT Margin (%)18.6818.1217.7312.8612.77
PBT Margin (%)18.0015.2915.305.552.46
Net Profit Margin (%)13.1211.1811.424.153.25
NP After MI And SOA Margin (%)13.1211.1811.424.153.25
Return on Networth / Equity (%)14.2326.4231.9010.238.90
Return on Capital Employeed (%)20.2036.1739.4619.5420.20
Return On Assets (%)11.1214.0914.993.712.98
Long Term Debt / Equity (X)0.000.170.240.600.71
Total Debt / Equity (X)0.000.390.450.901.20
Asset Turnover Ratio (%)1.081.361.400.900.92
Current Ratio (X)3.461.961.711.731.62
Quick Ratio (X)2.731.251.241.211.14
Inventory Turnover Ratio (X)3.614.094.462.863.36
Dividend Payout Ratio (NP) (%)5.477.580.000.000.00
Dividend Payout Ratio (CP) (%)4.766.460.000.000.00
Earning Retention Ratio (%)94.5392.420.000.000.00
Cash Earning Retention Ratio (%)95.2493.540.000.000.00
Interest Coverage Ratio (X)30.7011.887.502.511.98
Interest Coverage Ratio (Post Tax) (X)20.518.305.331.851.73
Enterprise Value (Cr.)1465.000.000.000.000.00
EV / Net Operating Revenue (X)4.610.000.000.000.00
EV / EBITDA (X)22.310.000.000.000.00
MarketCap / Net Operating Revenue (X)4.940.000.000.000.00
Retention Ratios (%)94.5292.410.000.000.00
Price / BV (X)5.360.000.000.000.00
Price / Net Operating Revenue (X)4.940.000.000.000.00
EarningsYield0.020.000.000.000.00

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of Aeroflex Industries Ltd as of December 12, 2024 is: 311.50

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 12, 2024, Aeroflex Industries Ltd is Undervalued by 43.55% compared to the current share price 217.00

Intrinsic Value of Aeroflex Industries Ltd as of December 12, 2024 is: 326.55

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 12, 2024, Aeroflex Industries Ltd is Undervalued by 50.48% compared to the current share price 217.00

Last 5 Year EPS CAGR: 4.83%

*Investments are subject to market risks

Strength and Weakness

StrengthWeakness
  1. The stock has a high average ROCE of 20.57%, which is a positive sign.
  2. The company has higher reserves (101.75 cr) compared to borrowings (46.63 cr), indicating strong financial stability.
  3. The company has shown consistent growth in sales (213.38 cr) and profit (26.38 cr) over the years.
  1. The stock has a high average Working Capital Days of 144.71, which may not be favorable.
  2. 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: 62.2 (Industry average Stock P/E: 62.2)
      • 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
INDUSTRYADDRESSCONTACT
Plot No.41,42/13,42/14,42/18, Village Chal, Near MIDC Taloja, Mumbai Maharashtra 410208Mr.Asad%20Daud
Chairman%20&%20Managing%20Director
Management
NamePosition Held
Mr. Mustafa Abid KachwalaWholeTime Director & CFO
Mr. Harikant Ganeshlal TurgaliaNon Executive Director
Ms. Shilpa BhatiaIndependent Woman Director
Mr. Ramesh Chandra SoniIndependent Director
Mr. Partha Sarathi SarkarIndependent Director
Mr. Arpit KhandelwalIndependent Director

FAQ

What is the latest intrinsic value of Aeroflex Industries Ltd?

The latest intrinsic value of Aeroflex Industries Ltd as on 12 December 2024 is ₹311.50, which is 43.55% higher than the current market price of ₹217.00. The stock has a market capitalization of 2,805 Cr. and recorded a high/low of ₹231/114 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 2,805 Cr..

What is the current Stock Price of Aeroflex Industries Ltd as on 12 December 2024?

The current stock price of Aeroflex Industries Ltd as on 12 December 2024 is 217.

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 231/114.

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

The Stock P/E of Aeroflex Industries Ltd is 62.2.

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.

About the Author

Author Avatar
Getaka

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 getaka.co.in 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