NSE: AEROFLEX · BSE: 543972 · ISIN INE024001021
Aeroflex Industries Limited stock analysis
Aeroflex Industries Limited ranks #235 in the TickerSutra evidence-ranked universe with a score of 68/100 and 89% data confidence. The latest captured fundamentals show ROCE of 18.9%, quarterly sales growth of 72.4% and quarterly profit growth of 162.1%.Watchlist candidate
INVESTMENT EVIDENCE
What supports—and challenges—the thesis
Evidence in favour
- Low debt/equity of 0.02×
- 18% three-year sales CAGR
- Institutional ownership is rising
- CWIP indicates an active capacity pipeline
- No promoter shares are reported as pledged
Risks and constraints
- Valuation is above 40× earnings
Still unresolved: Related-party exposure · Broad media sentiment
FINANCIAL TRAJECTORY
Recent operating history
| Period | Revenue | Operating profit | Net profit | Operating margin |
|---|---|---|---|---|
| 2022 | ₹241cr | ₹47cr | ₹28cr | 20.0% |
| 2023 | ₹269cr | ₹53cr | ₹30cr | 20.0% |
| 2024 | ₹318cr | ₹62cr | ₹42cr | 20.0% |
| 2025 | ₹376cr | ₹80cr | ₹53cr | 21.0% |
| 2026 | ₹442cr | ₹100cr | ₹56cr | 23.0% |
| TTM | ₹503cr | ₹118cr | ₹67cr | 23.0% |
EXCHANGE EVENT TRIGGERS
Latest corporate disclosures
MANAGEMENT COMMENTARY
Signals from filed documents
Our cash profit grew by more than 100% to INR26.64 crores with cash profit margin improving by 278 basis points to 18.25%, which reflects strong operating leverage and improved cash conversions and profitability across our various business verticals. Our exports grew by 43% on a year-on-year basis and the higher contribution from the domestic market in this quarter was primarily driven by the rapid scale-up and suppl
And our PAT margin currently stands at about very close to 13%, which is an improvement of 440 basis points from last year same quarter. Our cash profit grew by more than 100% to INR26.64 crores with cash profit margin improving by 278 basis points to 18.25%, which reflects strong operating leverage and improved cash conversions and profitability across our various business verticals. Our exports grew by 43% on a yea
Our exports grew by 43% on a year-on-year basis and the higher contribution from the domestic market in this quarter was primarily driven by the rapid scale-up and supply of the liquid cooling solutions, the skid assemblies of the liquid cooling solutions. Looking ahead, we are confident in the business model that we have in the products that we manufacture and the long-term momentum of our growth story, which is bui
But obviously, it takes time for a data centre to be built up and to be up and running. So, we will definitely plan our capacity expansion after discussion with our customer. And the customer definitely share with us their orders in the pipeline that they have for the next few months and also the kind of business that we see coming in the foreseeable future.
I mean, how hopeful we are to get some order and execute in this financial year only? And in this financial year, we'll definitely have business coming in from international market. Tej Patel: So, I mean, of course, you will be -- given you have to execute this year, you might already be engaging with the customer, right?
The second kind of approvals are when you're already working with an existing customer, but the data centres that they are working with, they need to take approvals for all kinds of drawings, all kinds of design before we start the production. So that is where sometimes the delay happens where a lot of the time, the designs are not approved by the customers. So, until that time, we cannot produce the products because
Aeroflex Industries Limited July 28, 2026 Page 9 of 16 Tej Patel: Got it. And sir, the fire hose assemblies, which earlier participant was asking that for the same customer is probably our largest customer in U.S.A., right? And sir, if you could probably help us understand with some indication on margins on the skid business this quarter, is it possible to give a range, if not an exact number, what margins are we mak
HOW TO READ THIS PAGE
Evidence, freshness and limitations
What does the TickerSutra score mean?
The score ranks captured evidence across financial quality, growth, moat and margins, regulatory catalysts, governance, institutional trend and valuation comfort. It is a research-prioritization tool—not a buy recommendation or price target.
Which sources support this page?
Financial history, ownership and pledge data, NSE and BSE filings, annual reports and available earnings-call transcripts are combined here. Use the source trail and original exchange document before relying on a decision-critical fact.
Why can an item be unresolved?
Unresolved means the current captured source window did not provide enough evidence for that check. It does not establish that a risk or relationship is absent.
Maintained by TickerSutra Research · Snapshot updated 29 Sept 2026 · Read the methodology · Read the disclaimer
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