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Aeroflex Industries Ltd.
(AEROFLEX)
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Rating:71Outperform
Price Target:
₹632.00
▲(16.53% Upside)
Action:Reiterated
Date:06/16/26
The score is driven by strong underlying financial position (especially very low leverage) and a clear bullish technical trend. Offsetting these positives are weak and inconsistent free cash flow and a very high P/E valuation, which raises execution and multiple-compression risk.
Positive Factors
Strong multi-year revenue growth
Revenue has expanded substantially across several years, indicating broadening demand for the company’s metal flexible hose products and related assemblies. This growth provides a durable base for operating scale, customer development, and continued investment across industrial end-use markets.
Negative Factors
Weak and inconsistent free cash flow
Negative free cash flow in the two latest fiscal years indicates that reported earnings are not currently translating into surplus cash. Investment requirements or working-capital demands may continue to absorb resources, limiting internally funded growth and reducing near-term confidence in earnings quality.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong multi-year revenue growth
Revenue has expanded substantially across several years, indicating broadening demand for the company’s metal flexible hose products and related assemblies. This growth provides a durable base for operating scale, customer development, and continued investment across industrial end-use markets.
Read all positive factors
Aeroflex Industries Ltd. (AEROFLEX) vs. iShares MSCI India ETF (INDA)
Market Cap
₹75.84B
Dividend Yield0.13%
Average Volume (3M)105.71K
Price to Earnings (P/E)108.8
Beta (1Y)1.64
Revenue Growth35.64%
EPS Growth40.32%
CountryIN
Employees607
SectorGeneral
Sector StrengthN/A
IndustryManufacturing - Metal Fabrication
Share Statistics
EPS (TTM)5.16
Shares Outstanding132,330,760
10 Day Avg. Volume109,851
30 Day Avg. Volume105,708
Financial Highlights & Ratios
PEG Ratio10.29
Price to Book (P/B)6.93
Price to Sales (P/S)7.01
P/FCF Ratio-632.71
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)6.3
Revenue Forecast (FY)₹5.83B
Aeroflex Industries Ltd. Business Overview & Revenue Model
Company Description
Aeroflex Industries Limited, an Indian enterprise established in 1993 and headquartered in Navi Mumbai, specializes in crafting and distributing stainless-steel corrugated flexible hoses and their corresponding assemblies. Their diverse product li...
How the Company Makes Money
Aeroflex Industries makes money primarily by manufacturing and selling metal flexible hoses and hose assemblies to industrial customers and distributors. Its core revenue stream is product sales: (1) stainless-steel flexible hoses sold in standard...
Aeroflex Industries Ltd. Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
92
Very Positive
Cash Flow
46
Neutral
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 5.03B | 4.42B | 3.76B | 3.18B | 2.63B | 2.41B |
| Gross Profit | 1.47B | 1.24B | 1.52B | 792.67M | 919.92M | 590.95M |
| EBITDA | 1.18B | 997.38M | 790.45M | 656.51M | 494.38M | 467.25M |
| Net Income | 671.53M | 555.27M | 525.08M | 417.34M | 301.52M | 275.06M |
Balance Sheet | ||||||
| Total Assets | 0.00 | 5.65B | 4.27B | 3.75B | 2.14B | 1.83B |
| Cash, Cash Equivalents and Short-Term Investments | 696.50M | 696.50M | 267.50M | 1.06B | 62.53M | 83.28M |
| Total Debt | 0.00 | 88.94M | 5.83M | 1.21M | 450.06M | 391.27M |
| Total Liabilities | -4.47B | 1.18B | 841.35M | 818.20M | 998.84M | 972.15M |
| Stockholders Equity | 4.47B | 4.47B | 3.42B | 2.93B | 1.14B | 862.23M |
Cash Flow | ||||||
| Free Cash Flow | 67.42M | -48.96M | -768.79M | 63.92M | -22.39M | 186.78M |
| Operating Cash Flow | 272.46M | 661.90M | 265.84M | 440.79M | 72.18M | 320.63M |
| Investing Cash Flow | -200.86M | -1.21B | -736.52M | -349.05M | -94.52M | -133.85M |
| Financing Cash Flow | -54.60M | 477.67M | -31.30M | 902.96M | 1.58M | -139.41M |
Aeroflex Industries Ltd. Technical Analysis
Positive
542.35
Price Trends
462.88
Positive
430.71
Positive
318.64
Positive
Market Momentum
29.67
Negative
64.97
Neutral
78.58
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:AEROFLEX, the sentiment is Positive. The current price of 542.35 is above the 20-day moving average (MA) of 514.64, above the 50-day MA of 462.88, and above the 200-day MA of 318.64, indicating a bullish trend. The MACD of 29.67 indicates Negative momentum. The RSI at 64.97 is Neutral, neither overbought nor oversold. The STOCH value of 78.58 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:AEROFLEX.
Aeroflex Industries Ltd. Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
82 Outperform | ₹46.05B | 4.26 | ― | ― | 1.82% | -12.22% | |
71 Outperform | ₹75.84B | 108.75 | ― | 0.13% | 35.64% | 40.32% | |
68 Neutral | ₹251.80B | 73.87 | ― | 0.10% | 23.49% | 52.08% | |
65 Neutral | ₹210.88B | 65.00 | ― | 0.18% | 15.53% | 21.46% | |
60 Neutral | ₹11.42B | 33.00 | ― | 0.67% | 13.71% | 0.15% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
47 Neutral | ₹28.44B | 11.30 | ― | 0.35% | -3.88% | ― |
* General Sector Average
IN:AEROFLEX
Aeroflex Industries Ltd.
560.85
384.17
217.43%
IN:ALICON
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148.46%
IN:ROLEXRINGS
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175.65
36.88
26.58%
IN:SANSERA
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4,133.05
2,721.17
192.73%
IN:SUNCLAY
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1,285.55
-464.25
-26.53%
Aeroflex Industries Ltd. Corporate Events
Aeroflex files SEBI demat compliance certificate for June quarter
Jul 13, 2026
Aeroflex Industries has disclosed that its registrar and share transfer agent, MUFG Intime India, issued a compliance certificate under Regulation 74(5) of SEBI’s Depositories and Participants Regulations for the quarter ended 30 June 2026. ...
Aeroflex Industries Sets July AGM, Final Dividend and Auditor Reappointment
Jun 27, 2026
Aeroflex Industries Ltd., a publicly listed Indian company with its registered office in Navi Mumbai, operates under the regulatory framework of the Companies Act, 2013 and SEBI listing regulations. Its equity shares are traded on both BSE and NSE...
Aeroflex Sets Record Date for FY 2025-26 Final Dividend
Jun 27, 2026
Aeroflex Industries Ltd. has set July 14, 2026 as the record date to determine shareholder eligibility for a proposed final dividend of Re. 0.40 per equity share with a face value of Rs. 2 for the financial year 2025-26, following a recommendation...
Aeroflex shores up governance with auditor reappointments and new ESOP grant
Jun 18, 2026
Aeroflex Industries Ltd. said its board has approved the re-appointment of D M Jain Co. as internal auditor for FY 2025-26, alongside a second five-year term for Shweta Jain Co. LLP as statutory auditor from FY 2026-27, subject to shareholder ap...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.