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Sah Polymers Ltd.
(AERONEU)
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Rating:42Neutral
Price Target:
₹68.00
▼(-8.58% Downside)
Action:Reiterated
Date:09/10/26
The score is driven primarily by weakening fundamentals—margin compression and volatile cash generation, including negative free cash flow in the latest year. Technicals add further pressure with a clear downtrend across moving averages and negative MACD, while valuation is a headwind due to the very high P/E and no stated dividend yield.
Positive Factors
Revenue Scaling
Overall revenue growth, including notable expansion in 2023 and 2026, indicates the packaging business has demonstrated demand and scaling potential. If sustained, this gives Sah Polymers a broader base over which to spread operating capabilities and pursue further product or volume growth.
Negative Factors
Severe Margin Compression
Net margin falling from approximately 5.2% in 2023 to about 0.16% in 2025–2026 shows that revenue is converting into very little profit. This sharp compression weakens earnings quality and leaves less internal funding for growth, while increasing sensitivity to costs and pricing pressure.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Scaling
Overall revenue growth, including notable expansion in 2023 and 2026, indicates the packaging business has demonstrated demand and scaling potential. If sustained, this gives Sah Polymers a broader base over which to spread operating capabilities and pursue further product or volume growth.
Read all positive factors
Sah Polymers Ltd. (AERONEU) vs. iShares MSCI India ETF (INDA)
Market Cap
₹1.75B
Dividend Yield0.51%
Average Volume (3M)962.00
Price to Earnings (P/E)172.3
Beta (1Y)0.92
Revenue Growth-1.63%
EPS Growth32.69%
CountryIN
Employees114
SectorGeneral
Sector StrengthN/A
IndustryPackaging & Containers
Share Statistics
EPS (TTM)0.38
Shares Outstanding25,796,000
10 Day Avg. Volume1,796
30 Day Avg. Volume962
Financial Highlights & Ratios
PEG Ratio0.17
Price to Book (P/B)1.81
Price to Sales (P/S)1.47
P/FCF Ratio-834.23
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)N/A
Revenue Forecast (FY)N/A
Sah Polymers Ltd. Business Overview & Revenue Model
Company Description
Aeroflex Neu Limited, an Indian enterprise established in Udaipur in 1992, specializes in the global manufacturing and distribution of a wide array of packaging solutions. The company operates through three main segments: the production of fabrics...
How the Company Makes Money
The company primarily makes money by manufacturing and selling flexible packaging products made from polymer films (notably BOPP-based packaging such as bags) to customers that require packaging for their goods. Revenue is generated through order-...
Sah Polymers Ltd. Financial Statement Overview
Summary
Income Statement
46
Neutral
Balance Sheet
63
Positive
Cash Flow
34
Negative
| Breakdown | TTM | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 1.28B | 1.29B | 1.29B | 1.09B | 953.99M | 805.11M |
| Gross Profit | 353.77M | 372.83M | 391.91M | 318.41M | 283.05M | 224.33M |
| EBITDA | 55.51M | 84.30M | 61.24M | 72.79M | 88.68M | 79.21M |
| Net Income | 9.51M | 16.86M | 2.02M | 7.97M | 34.15M | 42.03M |
Balance Sheet | ||||||
| Total Assets | 0.00 | 1.45B | 1.28B | 1.31B | 1.31B | 1.26B |
| Cash, Cash Equivalents and Short-Term Investments | 175.83M | 175.83M | 45.41M | 44.89M | 72.86M | 106.13M |
| Total Debt | 0.00 | 241.47M | 282.97M | 282.97M | 305.92M | 250.48M |
| Total Liabilities | -1.05B | 395.72M | 404.78M | 404.78M | 444.29M | 385.77M |
| Stockholders Equity | 1.05B | 1.05B | 872.43M | 839.91M | 839.91M | 846.35M |
Cash Flow | ||||||
| Free Cash Flow | -43.36M | -2.28M | 18.45M | 18.45M | -470.99M | -85.61M |
| Operating Cash Flow | -33.66M | 11.17M | 75.58M | 75.58M | -169.84M | -7.92M |
| Investing Cash Flow | -139.66M | -6.52M | -55.16M | -55.16M | -240.06M | -107.94M |
| Financing Cash Flow | 144.76M | 133.76M | -53.98M | -53.98M | 456.06M | 111.11M |
Sah Polymers Ltd. Technical Analysis
Negative
74.38
Price Trends
83.01
Negative
85.81
Negative
79.77
Negative
Market Momentum
-4.46
Positive
22.98
Positive
2.43
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:AERONEU, the sentiment is Negative. The current price of 74.38 is below the 20-day moving average (MA) of 77.78, below the 50-day MA of 83.01, and below the 200-day MA of 79.77, indicating a bearish trend. The MACD of -4.46 indicates Positive momentum. The RSI at 22.98 is Positive, neither overbought nor oversold. The STOCH value of 2.43 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:AERONEU.
Sah Polymers Ltd. Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
73 Outperform | ₹6.09B | 14.15 | ― | 0.80% | 9.69% | 125.91% | |
64 Neutral | ₹5.57B | 7.68 | ― | 0.67% | -3.96% | 26.16% | |
56 Neutral | ₹324.85M | 15.41 | ― | ― | 26.72% | ― | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
46 Neutral | ₹254.54M | -5.11 | ― | ― | -8.05% | -51.04% | |
42 Neutral | ₹1.75B | 172.33 | ― | 0.51% | -1.63% | 32.69% | |
41 Neutral | ₹741.11M | 206.49 | ― | 0.38% | 11.05% | -66.11% |
* General Sector Average
IN:AERONEU
Sah Polymers Ltd.
65.07
-37.02
-36.26%
IN:KANPRPLA
Kanpur Plastipack Limited
262.10
36.76
16.31%
IN:KSHITIJPOL
Kshitij Polyline Ltd.
3.83
0.75
24.35%
IN:NAHARPOLY
Nahar Poly Films Limited
224.65
-65.61
-22.60%
IN:PEARLPOLY
Pearl Polymers Limited
15.12
-16.23
-51.77%
IN:TOKYOPLAST
Tokyo Plast International Ltd
74.10
-58.05
-43.93%
Sah Polymers Ltd. Corporate Events
Aeroflex Neu’s 34th AGM Confirms Shareholder Backing for All Resolutions
Aug 25, 2026
Aeroflex Neu Limited convened its 34th Annual General Meeting on August 25, 2026, at its registered office in Udaipur, Rajasthan, with 5,716 shareholders on the cut-off date and attendance from both promoter group and public investors. The meeting...
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.