Aimtron Electronics LtdNSE:AIMTRON
Current view Q4 2026
Contract electronics builder nearly doubling sales on the China-plus-one shift into higher-value design work. Real growth, but expensive, cash flow is weak, and reporting stays thin.
Latest exchange filings last 5 · 5 after Q4 2026
- 17 Sep ’26AIC booked US$11.8 million orders in Q2 2026, adding five new customers. ↗
- 10 Sep ’26Aimtron Electronics secures pilot order from Curtiss-Wright on 10-09-2026, potentially leading to future programmes. ↗
- 18 Aug ’26Shareholders approved Mukesh Jeram Vasani as MD for five years and AEL ESOP 2026. ↗
- 18 Aug ’26AGM voting results for 17 Aug 2026 disclosed; all 9 resolutions passed, including MD appointment and ESOPs. ↗
- 18 Aug ’26Submitted scrutinizer’s report for AGM voting held on 17 August 2026. ↗
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 | ▲ +60.4% | +68.8% | +45.2% | +37.1% |
| Operating profit | ▲ +73.7% | +32.0% | +39.2% | +24.2% |
| EPS | ▲ +64.0% | +58.4% | −22.8% | −39.3% |
| PAT | ▲ +60.0% | +60.0% | — | — |
Tinted rows drive the Tier. Tier = the weaker of YoY Sales and YoY PAT growth. Here the weaker is PAT at +60.0%, 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
Weak35/100
Earnings are shrinking, not growing. Profit per share fell 23% a year over the window measured. Nothing compounds from here until that turns, whatever the price does.
No forward view — earnings are not compounding, so there is nothing to project.
Multiple moved without the earnings — the return sits in sentiment.
How this is calculated
Band capped: earnings are not growing over the measured window.
Growth rate used: -22.8% — the weakest of EPS / Sales / Op-profit from 3-year EPS CAGR. Latest quarter reads 60%.
How it compares with its rivals Contract Manufacturing · 6 of 130 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 |
|---|---|---|---|---|---|---|
| Aimtron | ₹1,600 | 87.0× | ₹3,404 Cr | 29.1% | +65.5% | +60.5% |
| Indo-MIM | ₹1,051 | 80.5× | ₹51,970 Cr | 25.0% | +31.6% | +9.4% |
| Aditya Infotech | ₹3,462 | 85.8× | ₹40,957 Cr | 28.6% | +332.5% | +89.5% |
| Syrma SGS Tech. | ₹1,742 | 90.6× | ₹33,591 Cr | 16.8% | +101.2% | +68.3% |
| Honeywell Auto | ₹35,725 | 56.5× | ₹31,581 Cr | 16.9% | +20.9% | +1.8% |
| Jyoti CNC Auto. | ₹1,054 | 74.5× | ₹23,979 Cr | 21.3% | −20.0% | +24.0% |
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 Aug 2026
| Are the margins widening? | no — margins have been squeezed | operating margin 26% → 21% over 2.5 years |
|---|---|---|
| Did the profit turn into cash? | very little of it arrived as cash | 26% last year, 18% over three · free cash flow −₹6 cr, positive in 1 of 5 years |
| Is the growth borrowed? | essentially debt-free | ₹0 cr — 0.00× its own equity (was 0.01×) |
| Is it being collected? | customers are paying faster | 167 days to collect, down 32 in a year · cash cycle 241 days |
| Who has been buying? | the promoters have been selling | promoters 68.6% (−2.7 in a year), 71.3% → 68.6% over 23 months · FIIs 0.2% (−1.6) · DIIs 3.0% (+1.5) · shareholders 2,636 → 5,869 |
| What does it earn on its capital? | earns a high return on the capital it employs | ROCE 29.1% · ROE 20.4% |
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 has reduced debt.
- Company is almost debt free.
- Company has delivered good profit growth of 20.6% CAGR over last 5 years
Against it
- Stock is trading at 14.5 times its book value
- Though the company is reporting repeated profits, it is not paying out dividend
- Promoter holding has decreased over last quarter: -2.27%
- Company has high debtors of 167 days.
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.