Aeroflex Industries LtdNSE:AEROFLEX
Current view Q1 2027
Makes braided steel hoses plus the cooling skids that circulate coolant through AI data centres. Value-added assemblies are 63% of sales at 22-26% margins against 16-20% for plain hose, and the core plant is only 65% used. But every skid has gone to one Indian intermediary, with no order book.
Latest exchange filings last 5 · 5 after Q1 2027
- 15 Sep ’26Intimation of Participation in Investor Conference on September 23, 2026 ↗
- 15 Sep ’26Aeroflex will attend Anand Rathi Annual Flagship G-200 Summit 2026 on 21 September 2026 in Mumbai. ↗
- 3 Sep ’26Intimation of the schedule of group investors/analysts meeting to be held on September 10, 2026. ↗
- 10 Aug ’26Aeroflex Industries to meet analysts and investors on August 18, 2026 in Mumbai. ↗
- 10 Aug ’26Aeroflex Industries to meet analysts and investors on August 19, 2026, at Axis Capital’s Singapore corporate day. ↗
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.
How this view changed
AI concall report · Q1 2027
The full earnings-call read behind this view — what management promised, what they delivered, and the earning trigger.
Growth Q1 2027
| Metric | This year vs lastYoY · vs Q1 2026 | vs the quarter beforeQoQ, sequential · vs Q4 2026 | 3-year yearly average3Y CAGR · compounded | 5-year yearly average5Y CAGR · compounded |
|---|---|---|---|---|
| Sales | ▲ +72.6% | +15.1% | +18.0% | +25.1% |
| Operating profit | ▲ +120.0% | +10.0% | +26.4% | +36.9% |
| EPS | ▲ +158.2% | +6.8% | +16.7% | +9.8% |
| PAT | ▲ +171.4% | +5.6% | — | — |
Tinted rows drive the Tier. Tier = the weaker of YoY Sales and YoY PAT growth. Here the weaker is Sales at +72.6%, 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
Average57/100
Growing fast — and the market has noticed. Profit per share grew 17% a year, and buyers now pay more for each rupee of it than they did a year ago. Some of the re-pricing has already happened.
₹513 → ₹1,027 needs the P/E at 126× — it is 100× today, and has ranged 33× to 120× 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 189× — never traded above 120× in 5 years.
At ₹259 the price-tag on its earnings reaches the 51× it is being projected toward — the point where being cheap against that yardstick is used up.
Re-rated already, on growth that doesn't fully back it.
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 ₹6,368 cr, so the odds of a re-rate are not fighting its own size.
Growth rate used: 16.7% — the weakest of EPS / Sales / Op-profit from 3-year EPS CAGR. Latest quarter reads 60%.
How it compares with its rivals Metal Products · 6 of 87 listed
It earns 19% on its capital, third of 6, and it is the most expensive of those shown.
| Company | Price | P/E | Size | ROCE | Profitlast qtr | Saleslast qtr |
|---|---|---|---|---|---|---|
| Aeroflex | ₹510 | 100.4× | ₹6,742 Cr | 18.9% | +162.1% | +72.4% |
| Welspun Corp | ₹2,600 | 29.7× | ₹68,583 Cr | 22.9% | +198.6% | +14.9% |
| APL Apollo Tubes | ₹2,198 | 49.7× | ₹61,036 Cr | 31.8% | +10.9% | +8.4% |
| Shyam Metalics | ₹1,093 | 27.2× | ₹30,509 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 | 28.8× | ₹18,731 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? | yes — a little wider than 3 years earlier | operating margin 19% → 23% over 3 years |
|---|---|---|
| Did the profit turn into cash? | most of it, with some tied up | 85% last year, 78% over three · free cash flow −₹5 cr, positive in 2 of 5 years |
| Is the growth borrowed? | essentially debt-free | ₹9 cr — 0.02× its own equity (was 0.00×) |
| Is it being collected? | collection is steady | 107 days to collect, down 6 in a year · cash cycle 112 days |
| Who has been buying? | the promoters have been selling | promoters 65.5% (−1.5 in a year), 67.0% → 65.5% over 2.8 years · FIIs 3.6% (+3.2) · DIIs 1.5% (−2.4) · shareholders 94,506 → 1,09,759 |
| What does it earn on its capital? | earns a fair return on its capital | ROCE 18.9% · ROE 14.1% |
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
- Company has delivered good profit growth of 50.4% CAGR over last 5 years
Against it
- Stock is trading at 14.9 times its book value
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.