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Aeroflex Industries Ltd.
(AEROFLEX)
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Rating:64Neutral
Price Target:
₹576.00
▲(6.20% 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 Growth
The 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 Flow
Negative 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.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong Revenue Growth
The 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.
Read all positive factors
Aeroflex Industries Ltd. (AEROFLEX) vs. iShares MSCI India ETF (INDA)
Market Cap
₹70.94B
Dividend Yield0.13%
Average Volume (3M)152.69K
Price to Earnings (P/E)78.7
Beta (1Y)1.85
Revenue Growth55.02%
EPS Growth83.56%
CountryIN
Employees607
SectorGeneral
Sector StrengthN/A
IndustryManufacturing - Metal Fabrication
Share Statistics
EPS (TTM)5.16
Shares Outstanding132,330,760
10 Day Avg. Volume186,823
30 Day Avg. Volume152,690
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)7.18
Revenue Forecast (FY)₹6.38B
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
523.07
Positive
483.93
Positive
375.63
Positive
Market Momentum
-5.55
Negative
54.65
Neutral
62.66
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 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
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
82 Outperform | ₹42.71B | 3.94 | ― | ― | 1.82% | -12.22% | |
68 Neutral | ₹256.80B | 73.43 | ― | 0.10% | 23.49% | 52.08% | |
65 Neutral | ₹13.79B | 37.55 | ― | 0.60% | 13.71% | 0.15% | |
65 Neutral | ₹164.81B | 50.35 | ― | 0.23% | 15.53% | 21.46% | |
64 Neutral | ₹70.94B | 78.65 | ― | 0.13% | 55.02% | 83.56% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
47 Neutral | ₹22.53B | 9.00 | ― | 0.43% | -3.88% | ― |
* General Sector Average
IN:AEROFLEX
Aeroflex Industries Ltd.
536.10
348.48
185.74%
IN:ALICON
Alicon Castalloy Limited
840.00
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IN:HAPPYFORGE
Happy Forging Limited
1,745.80
725.47
71.10%
IN:ROLEXRINGS
Rolex Rings Limited
162.80
40.70
33.33%
IN:SANSERA
Sansera Engineering Limited
4,114.25
2,605.12
172.62%
IN:SUNCLAY
Sundaram-Clayton Limited
1,021.85
-473.00
-31.64%
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...
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:...
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.