Aeroflex Industries Ltd. (AEROFLEX) AI Stock Analysis

Top Page

Aeroflex Industries Ltd.

(NSE:AEROFLEX)

Select Model

Rating:64Neutral

Price Target:INR 576.00▲(7.44% Upside)

Action:reiterated

Date:10/30/26

The score is primarily supported by strong financial fundamentals—especially the very low-leverage balance sheet and solid profitability—partly offset by weak and inconsistent free cash flow. Technicals are moderately positive due to the price trading above key moving averages, but negative MACD tempers momentum. Valuation is a notable headwind given the very high P/E and minimal dividend yield.

Positive Factors

Strong Revenue GrowthThe substantial multi-year expansion in revenue indicates strong demand development across Aeroflex’s industrial customer base. Continued growth at this scale can support operating leverage, broaden market reach, and provide a durable foundation for reinvestment in capacity and product capabilities.

Negative Factors

Weak Free Cash FlowNegative recent free cash flow weakens the quality of earnings conversion and indicates that investment needs or working-capital demands are absorbing operating profits. If sustained, this could constrain internally funded expansion and reduce flexibility for capital allocation.

Aeroflex Industries Ltd. (AEROFLEX) vs. iShares MSCI India ETF (INDA)

Market Cap: INR 70.98B
Dividend Yield: 0.13%
Average Volume (3M): 193.18K
Price to Earnings (P/E): 78.7
Beta (1Y): 1.85
Revenue Growth: 55.02%
EPS Growth: 83.56%
Country: India
Employees: 607
Sector: General
Sector Strength: 55
Industry: Manufacturing - Metal Fabrication

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 line...

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 fo...

Aeroflex Industries Ltd. Financial Statement Overview

Summary

Strong multi-year revenue growth and healthy EBIT/net margins support a solid operating profile, and the balance sheet is exceptionally strong with very low leverage. The main drag is cash-flow quality: free cash flow has been negative in FY2025 and FY2026 and has been inconsistent over time, weakening confidence in near-term earnings-to-cash conversion.

Income Statement

78Positive

Balance Sheet

92Very Positive

Cash Flow

46Neutral

Financial statement breakdown
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	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	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

Technical Analysis SentimentPositive

Last Price536.10

Price Trends

50DMA523.07Positive

100DMA483.93Positive

200DMA375.63Positive

Market Momentum

MACD-5.55Negative

RSI54.65Neutral

STOCH62.66Neutral

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 536.10 is above the 20-day moving average (MA) of 519.57, above the 50-day MA of 523.07, and above the 200-day MA of 375.63, indicating a bullish trend. The MACD of -5.55 indicates Negative momentum. The RSI at 54.65 is Neutral, neither overbought nor oversold. The STOCH value of 62.66 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

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

IN:AEROFLEX against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
IN:ROLEXRINGS	85Outperform	INR 42.71B	3.94	―	―	1.82%	-12.22%
IN:HAPPYFORGE	75Outperform	INR 164.81B	50.35	―	0.23%	15.53%	21.46%
IN:SANSERA	74Outperform	INR 256.80B	73.43	―	0.10%	23.49%	52.08%
IN:ALICON	65Neutral	INR 13.79B	37.55	―	0.60%	13.71%	0.15%
IN:AEROFLEX	64Neutral	INR 70.94B	78.65	―	0.13%	55.02%	83.56%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
IN:SUNCLAY	34Underperform	INR 22.53B	9.00	―	0.43%	-3.88%	―

* General Sector Average

Performance Comparison

IN:AEROFLEX and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
IN:AEROFLEX	Aeroflex Industries Ltd.	536.10	346.83	183.25%
IN:ALICON	Alicon Castalloy Limited	840.00	-114.93	-12.04%
IN:HAPPYFORGE	Happy Forging Limited	1745.80	739.09	73.42%
IN:ROLEXRINGS	Rolex Rings Limited	162.80	40.05	32.63%
IN:SANSERA	Sansera Engineering Limited	4114.25	2556.97	164.19%
IN:SUNCLAY	Sundaram-Clayton Limited	1021.85	-501.30	-32.91%

Aeroflex Industries Ltd. Corporate Events

Aeroflex Industries to Meet Investors at Anand Rathi G-200 Summit 2026

Sep 15, 2026

Aeroflex Industries Ltd. has informed the stock exchanges that its officials will participate in the Anand Rathi Annual Flagship Conference, the G-200 Summit 2026, in Mumbai on 21 September 2026, holding one-on-one and group investor meetings from 10...

Aeroflex Industries to Join Nomura Investor Meet on AI Infrastructure

Sep 15, 2026

Aeroflex Industries Ltd. has announced that its officials will participate in a group investor meeting hosted by Nomura India as part of the Power, Data Centers and AI Infrastructure Tour 2026 in Mumbai on September 23, 2026, from 9:00 a.m. to 10:00...

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.

Date of analysis: Oct 30, 2026

Aeroflex Industries Ltd. AI Stock Analysis

Top Page