Makes flexible flow solutions including metal bellows, fittings, and liquid-cooling skid assemblies for data centres and AI infrastructure, and operates a Hyd-Air subsidiary that contributed ₹31.64 crore in FY26. Skid assemblies, sold at an average ₹3-3.25 lakh per unit, have emerged as the main growth engine, generating ₹21.2 crore from 617 units in the last four months of FY26 and ₹32.4 crore from 1,040 units in Q1 FY27. Production capacity for skid assemblies has been raised from 2,000 to 9,000 units a year, with a stated target of 15,000 units, against an India data-centre liquid-cooling market the company sizes at ₹3 billion growing to ₹21 billion at ~35% CAGR over 5-6 years. Management guides skid assemblies to 20-22% of FY27 revenue versus ~5% in FY26, and metal bellows, fittings and assemblies together are reported at 52% of FY26 sales. Domestic sales mix has risen to 31% from 26% as skid assemblies are sold entirely in India. Raw materials accounted for 58.7% of FY26 revenue, the dominant cost line. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Skid assemblies for liquid cooling, Hyd-Air subsidiary, Metal bellows and fittings. Industrial products maker, asset-heavy, with rising exposure to data-centre liquid cooling
| ₹ crore · consolidated | FY24 | FY25 | FY26 |
|---|---|---|---|
| Revenue | 318 | 376 | 442 |
| EBITDA (ex other income) | 62 | 79 | 100 |
| margin % | 19.4 | 21.0 | 22.6 |
| Owners' profit | 0 | 53 | 0 |
| EPS, as reported (₹) | 3.39 | 4.06 | 4.28 |
| ROE % · ROCE % | 14.2 · 20.2 | 15.3 · 20.4 | 12.4 · 16.5 |
| Debt / equity (x) | 0.00 | 0.00 | 0.00 |
| Cash from operations | 44 | 27 | 66 |
| Capex | (38) | (103) | (71) |
| ₹ crore | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 95 | 100 | 92 | 84 | 111 | 121 | 126 | 145 |
| Profit before tax | 19 | 20 | 15 | 10 | 20 | 22 | 23 | 26 |
| Net profit | 14 | 15 | 11 | 7 | 14 | 16 | 18 | 19 |
| EPS (₹) | 1.06 | 1.18 | 0.87 | 0.55 | 1.10 | 1.28 | 1.36 | 1.42 |
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| WELSPUN CORP LIMITED | 70,880 | 30.7 | 7.54 | 30.2 | 17.2 | 14.9 | 21.1 | 18.5 |
| APL APOLLO TUBES LTD | 59,803 | 48.6 | 11.29 | 31.1 | 22.7 | 26.1 | 22.1 | 8.0 |
| SHYAM METALICS AND ENGY L | 29,979 | 26.8 | 2.43 | 12.2 | 8.6 | 11.4 | 24.1 | 14.9 |
| JINDAL SAW LIMITED | 20,016 | 30.5 | 1.63 | 10.5 | 7.5 | 6.8 | 10.9 | 9.4 |
| Date · filing | Category | Importance | 1-day % | 5-day % |
|---|---|---|---|---|
| 3 Sept 2026 · Aeroflex Industries to meet investors at Axis Capital conference on Sept 10 | general | low | — | — |
| 10 Aug 2026 · Aeroflex Industries to meet investors in Singapore on Aug 19, 2026 | board shareholder meetings | low | — | — |
| 10 Aug 2026 · Aeroflex to meet investors at Motilal Oswal conference on Aug 18 | board shareholder meetings | low | — | — |
| 30 Jul 2026 · Q1 FY27: Revenue up 72% YoY, EBITDA margin at 23%, targets 25% | investor communications | medium | — | — |
| 29 Jul 2026 · Aeroflex Q1 FY27 results: profit jumps 162% YoY on strong revenue growth | compliance | minimal | — | — |
| 28 Jul 2026 · Link to Q1 FY27 investors call audio recording shared | investor communications | low | — | — |
| 27 Jul 2026 · Aeroflex Q1FY27: Revenue up 72 percent, PAT up 162 percent, record quarter | investor communications | medium | — | — |
| 27 Jul 2026 · No deviation reported in use of Rs 55 cr preferential issue funds | fund raising | medium | — | — |
| 27 Jul 2026 · Board approves Q1 FY27 results, appoints Tax Auditor for FY27 | results | high | — | — |
| 27 Jul 2026 · Q1 FY27 Results - Revenue up 72%, PAT jumps 162% (Consolidated) | results | high | — | — |
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) | A state: the latest filed quarter and the measured reactions |
| RATNAMANI MET & TUB LTD. | 19,815 | 45.8 | 4.71 | 23.1 | 12.7 | 15.6 | 14.4 | 18.5 |
| GODAWARI POW & ISP LTD | 15,875 | 18.6 | 2.71 | 12.0 | 13.7 | 17.0 | 5.7 | 21.0 |
| USHA MARTIN LTD. | 15,069 | 29.7 | 4.56 | 19.8 | 14.1 | 17.7 | 12.0 | 21.0 |
| GALLANTT ISPAT LIMITED | 13,270 | 30.6 | 4.00 | 17.7 | 14.6 | 16.8 | 34.4 | 17.8 |
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 109.5 | 16.2 | 111 of 118 | 6% |
| P/B | 16.7 | 1.7 | 97 of 99 | 2% |
| ROCE | 16.3 | 8.7 | 22 of 120 | 82% |
| ROE | 12.4 | 8.6 | 31 of 114 | 74% |
| Debt / Equity | 0.0 | 0.1 | 28 of 114 | 76% |
| EBITDA margin | 23.4 | 11.0 | 20 of 100 | 81% |
| Revenue growth | 72.4 | 13.7 | 14 of 97 | 87% |
| Profit growth | 162.2 | 29.3 | 20 of 105 | 82% |
| Market cap | 7477 | 247 | 11 of 120 | 92% |
| an event is a fact; a rating is an opinion that requires SEBI RA registration |
| A target price and upside | The current price and the multiples against the group | a target is a forecast; a multiple is a measurement |
| Estimate years marked E | More audited years; no estimates | MarketPing publishes no forecasts — your own model lives on the Models page |
This document is a statistical summary of publicly filed information and market data, prepared by software from primary sources: SEBI results XBRL filed with BSE and NSE, LODR disclosures, shareholding patterns, exchange price data. It contains no research recommendation, no price target and no opinion on the merits of any security, and is not a research report within the meaning of the SEBI (Research Analysts) Regulations, 2014, Regulation 2(1)(w)(vii). Financial statements are as filed (consolidated where the company files consolidated results). Ratios are computed over filed lines. Where a figure is unavailable the table shows a dash rather than an estimate. The business brief is written by MarketPing's reader from the annual report and checked against it; no figure in a table was generated by a model. Nothing here constitutes investment advice, an offer or a solicitation; readers should consult a SEBI-registered adviser before acting. MarketPing is not a SEBI-registered intermediary.
