Aeroflex Industries Ltd. (IN:AEROFLEX)
:AEROFLEX
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Aeroflex Industries Ltd.
(AEROFLEX)
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Rating:70Outperform
Price Target:
₹439.00
▲(126.52% Upside)
Action:Upgraded
Date:05/12/26
The score is driven mainly by strong financial fundamentals—especially the very strong balance sheet and solid profitability—tempered by weak and inconsistent free cash flow. Technicals are supportive due to a strong uptrend, but overbought signals add near-term risk. Valuation is a headwind given the high P/E, though a high dividend yield provides some offset.
Positive Factors
Low leverage / strong balance sheet
Very low debt and a markedly de-levered balance sheet give the company durable financial flexibility: it can fund working capital, capex, or dividends without resorting to costly borrowing, withstand cyclical downturns and support strategic investments over the next several months.
Negative Factors
Inconsistent and negative free cash flow
Repeated negative or erratic free cash flow weakens the link between reported earnings and actual cash available to fund growth or distributions. It may force reliance on balance-sheet actions or slow investments, constraining strategic flexibility and raising financing risk in the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Low leverage / strong balance sheet
Very low debt and a markedly de-levered balance sheet give the company durable financial flexibility: it can fund working capital, capex, or dividends without resorting to costly borrowing, withstand cyclical downturns and support strategic investments over the next several months.
Read all positive factors
Aeroflex Industries Ltd. (AEROFLEX) vs. iShares MSCI India ETF (INDA)
Market Cap
₹51.71B
Dividend Yield0.15%
Average Volume (3M)40.78K
Price to Earnings (P/E)55.8
Beta (1Y)1.58
Revenue Growth17.46%
EPS Growth5.66%
CountryIN
Employees478
SectorTechnology
Sector Strength88
IndustryManufacturing - Metal Fabrication
Share Statistics
EPS (TTM)3.70
Shares Outstanding132,330,760
10 Day Avg. Volume13,495
30 Day Avg. Volume40,784
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 manufactures and sells stainless-steel corrugated flexible hoses and hose assemblies in India. The company offers corrugated stainless-steel hoses, corrugated stainless steel hoses with braids, gas hoses, fitting end co...
How the Company Makes Money
Aeroflex Industries makes money primarily by manufacturing and selling flexible metal hoses and related flow-solution products to customers (typically OEMs, fabricators, distributors, and industrial end-users) that incorporate these components int...
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 | 3.87B | 4.42B | 3.76B | 3.18B | 2.63B | 2.41B |
| Gross Profit | 1.44B | 1.24B | 1.52B | 792.67M | 919.92M | 590.95M |
| EBITDA | 818.92M | 997.38M | 790.45M | 656.51M | 494.38M | 467.25M |
| Net Income | 478.42M | 555.27M | 525.08M | 417.34M | 301.52M | 275.06M |
Balance Sheet | ||||||
| Total Assets | 4.69B | 5.65B | 4.27B | 3.75B | 2.14B | 1.83B |
| Cash, Cash Equivalents and Short-Term Investments | 285.35M | 696.50M | 267.50M | 1.06B | 62.53M | 83.28M |
| Total Debt | 171.26M | 88.94M | 5.83M | 1.21M | 450.06M | 391.27M |
| Total Liabilities | 1.09B | 1.18B | 841.35M | 818.20M | 998.84M | 972.15M |
| Stockholders Equity | 3.60B | 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
193.80
Price Trends
293.36
Positive
244.10
Positive
212.30
Positive
Market Momentum
27.47
Positive
61.10
Neutral
38.83
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 193.8 is below the 20-day moving average (MA) of 348.75, below the 50-day MA of 293.36, and below the 200-day MA of 212.30, indicating a bullish trend. The MACD of 27.47 indicates Positive momentum. The RSI at 61.10 is Neutral, neither overbought nor oversold. The STOCH value of 38.83 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 (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
70 Outperform | ₹51.71B | 55.79 | ― | 0.15% | 17.46% | 5.66% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
42 Neutral | ₹61.70M | -2.10 | ― | ― | ― | ― | |
41 Neutral | ₹576.00M | -4,159.50 | ― | ― | 663.16% | 96.78% | |
40 Underperform | ₹380.53M | -1.07 | ― | ― | -84.81% | 47.85% |
* Technology Sector Average
IN:AEROFLEX
Aeroflex Industries Ltd.
380.05
213.44
128.11%
IN:CEREBRAINT
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3.12
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IN:LCCINFOTEC
LCC Infotech Ltd.
4.47
-1.18
-20.88%
IN:MELSTAR
Melstar Information Technologies Limited
―
―
―
IN:VXLINSTR
VXL Instruments Limited
3.33
-0.93
-21.83%
Aeroflex Industries Ltd. Corporate Events
Aeroflex Confirms No Deviation in Use of Rs 55-Crore Preferential Issue Funds
May 5, 2026
Aeroflex Industries Ltd. reported that funds raised through a preferential allotment of equity shares on 3 February 2026, totaling about Rs 55 crore, have been utilized in line with stated objectives for long-term working capital and general corpo...
Aeroflex Industries Schedules Investor Meet at Goldman Sachs Supply Chain Event
Apr 22, 2026
Aeroflex Industries Ltd. has announced that its officials will participate in a virtual group meeting with investors and analysts on 20 May 2026, from 10:00 a.m. to 11:00 a.m., as part of Goldman Sachs India Supply Chain Resilience Corporate Day. ...
Aeroflex Industries Promoters Declare Unencumbered Stake in Annual SEBI Filing
Apr 4, 2026
Aeroflex Industries Ltd. has disclosed that it received statutory filings from promoter group entities Aeroflex Enterprises Ltd. and Italica Global F.Z.C. under Regulation 31(4) of the SEBI Substantial Acquisition of Shares and Takeovers Regulatio...
Aeroflex Industries Files SEBI Demat Compliance Certificate for March Quarter
Apr 4, 2026
Aeroflex Industries has filed a compliance certificate for the quarter ended March 31, 2026 under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018, as issued by its registrar MUFG Intime India. The registrar confirmed...
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.