Aeroflex Enterprises LtdNSE:AEROENTER
Current view Q4 2026
Not a real operating business but a holding company that buys firms and sells them for one-off gains. Profits are lumpy, 'startup portfolio' claims look promotional, disclosure weak. Best avoided.
Latest exchange filings last 5 · 5 after Q4 2026
- 8 Sep ’2641st AGM voting results approved on Sept 8, 2026, including financials, dividend, director reappointment, and object clause change. ↗
- 8 Sep ’26AGM approved reappointment of Uma Manoj Mandavgane as Independent Woman Director for five years from May 31, 2027. ↗
- 8 Sep ’2641st AGM held on September 8, 2026; shareholders approved final dividend and six resolutions. ↗
- 15 Aug ’26Newspaper Publication for Notice of 41st AGM of Aeroflex Enterprises Limited ↗
- 14 Aug ’26AGM on September 8, 2026; annual report shared; record date September 1 for Re.0.40 dividend. ↗
Exchange filings, with the company's own one-line summary, read off the same page as the figures. Screener publishes only the most recent few, so this is the last 5 — not everything filed since your note, and a quiet-looking list is not proof of a quiet quarter. A filing is marked new when it is dated after the end of the quarter your note covers. Not scored, and not a judgement — a routine repayment notice and a takeover sit in the same list.
AI concall report · Q4 2026
The full earnings-call read behind this view — what management promised, what they delivered, and the earning trigger.
Growth Q4 2026
| Metric | This year vs lastYoY · vs Q4 2025 | vs the quarter beforeQoQ, sequential · vs Q3 2026 | 3-year yearly average3Y CAGR · compounded | 5-year yearly average5Y CAGR · compounded |
|---|---|---|---|---|
| Sales | ▲ +24.2% | +4.7% | +14.4% | +27.7% |
| Operating profit | ▲ +33.3% | −5.3% | +27.1% | +42.0% |
| EPS | ▲ +116.3% | +49.3% | +14.5% | +48.8% |
| PAT | ▲ +36.8% | +4.0% | — | — |
Tinted rows drive the Tier. Tier = the weaker of YoY Sales and YoY PAT growth. Here the weaker is Sales at +24.2%, which is ≥ 20% → Tier 1.
QoQ is sequential, not a trend. For most Indian companies the March quarter is seasonally the largest, so a June-quarter fall against it is a calendar effect. Only the YoY column feeds the Tier.
Multibagger potential
Average64/100
Growing, but too slowly to re-price. Profit per share grew 14.5% a year. A big re-pricing usually needs more than 15% a year, so the score is capped no matter how cheap it looks.
₹122 → ₹243 needs the P/E at 29× — it is 21× today, and has ranged 4.3× to 409× over the last 5 years. The rest would come from earnings growing as they have.
What you pay for its profitlog scale · 5-year range
Tripling needs 43× — inside its 5-year range, under the 95× median.
Unpaid, but the growth quality is thin. Verify before acting.
How this is calculated
This is arithmetic, not a forecast — Return = ΔEPS × ΔMultiple. It says what would have to be true, not how likely it is, and "earnings keep growing at this rate for three more years" is the assumption doing the most work. This is a small-cap at ₹1,277 cr, so the odds of a re-rate are not fighting its own size.
Band capped: growth of 14.5% is below the 15% bar a re-rate needs.
Growth rate used: 14.5% — the weakest of EPS / Sales / Op-profit from 3-year EPS CAGR. Latest quarter reads 60%.
How it compares with its rivals Diversified · 6 of 87 listed
These are the industry's largest names rather than companies of its own size, so the columns are worth reading straight across — a ranking against them would only be restating the size gap.
| Company | Price | P/E | Size | ROCE | Profitlast qtr | Saleslast qtr |
|---|---|---|---|---|---|---|
| Aeroflex Enter. | ₹124 | 9.2× | ₹1,407 Cr | 12.6% | +854.2% | +40.5% |
| Welspun Corp | ₹2,598 | 29.7× | ₹68,521 Cr | 22.9% | +198.6% | +14.9% |
| APL Apollo Tubes | ₹2,197 | 49.6× | ₹60,990 Cr | 31.8% | +10.9% | +8.4% |
| Shyam Metalics | ₹1,092 | 27.2× | ₹30,481 Cr | 13.0% | +18.1% | +23.4% |
| Ratnamani Metals | ₹2,792 | 44.6× | ₹19,566 Cr | 17.9% | −37.7% | −15.6% |
| Jindal Saw | ₹293 | 28.7× | ₹18,706 Cr | 10.4% | −75.4% | +9.0% |
Screener's own peer group, from the request already made for the industry P/E. It serves the industry's largest names by market cap, not companies of a similar size, so treat this as context rather than a like-for-like table; this company is always shown. On a phone the price, size and sales columns are dropped rather than pushed off the edge. Not part of the score.
Business quality to Jun 2026
| Are the margins widening? | no — margins have been squeezed | operating margin 16% → 9% over 3 years |
|---|---|---|
| Did the profit turn into cash? | very little of it arrived as cash | 38% last year, -52% over three · free cash flow −₹60 cr, positive in 0 of 5 years |
| Is the growth borrowed? | essentially debt-free | ₹41 cr — 0.05× its own equity (was 0.04×) |
| Is it being collected? | collection is steady | 112 days to collect, down 8 in a year · cash cycle 166 days |
| Who has been buying? | the promoters have held steady | promoters 52.3% (+0.7 in a year), 51.6% → 52.3% over 2.8 years · FIIs 1.3% (+0.8) · DIIs 0.1% · shareholders 16,588 → 36,992 |
| What does it earn on its capital? | earns a fair return on its capital | ROCE 12.6% · ROE 8.4% |
Fetched from the filings, not typed — and deliberately not part of the score. These are the questions the score cannot ask: it reads growth, price and trend, so a company can score well while its profit never becomes cash. Weigh these beside the note, not against the number.
Screener's own checklist not mine, not the score
In its favour
- Company is almost debt free.
- Company is expected to give good quarter
Against it
- Company has a low return on equity of 9.15% over last 3 years.
- Earnings include an other income of Rs.163 Cr.
Generated by screener.in from a fixed checklist — not written by me and not an input to the score. It is here as a second machine opinion to weigh against the note; where it disagrees with the view above, the note is the considered one.