Operates a Pune-based R&D and manufacturing facility that is operationally ready for solar panel and UAV drone production, grouped under an 'aerVerse' ecosystem of six verticals: aerWing (hydrogen aerial mobility), aerCar (ground mobility), aerDock (infrastructure hubs), aerVolt (renewable energy), aerShield (defence autonomous systems), and aerOS (intelligence platform). Solar manufacturing machinery is installed with trial production underway, while the defence vertical has executed international procurement agreements for a MALE fixed-wing UAV with 80 kg payload capacity and a loitering munition or kamikaze drone, to be imported in SKD format and assembled in India. Demonstrations are planned for Indian and UAE defence stakeholders. Standalone revenue from operations in FY26 was Rs 213.60 lakhs against a loss after tax of Rs 1,200.28 lakhs, with the business in a heavy investment phase carrying capital work-in-progress of Rs 29.03 crores. Employee costs ran to Rs 975.59 lakhs standalone in FY26, including Rs 407.55 lakhs of ESOP expense. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. aerShield (defence autonomous systems), aerVolt (renewable energy), aerWing (hydrogen aerial mobility), aerCar (ground mobility), aerDock (infrastructure hubs), aerOS (intelligence platform). Pre-commercial technology platform in heavy capex phase, with significant losses and a small revenue base
| ₹ crore · consolidated | FY24 | FY25 | FY26 |
|---|---|---|---|
| Revenue | 0 | 0 | 0 |
| EBITDA (ex other income) | (1) | (6) | (14) |
| margin % | — | — | — |
| Owners' profit | (1) | (7) | (15) |
| EPS, as reported (₹) | (0.39) | 0.50 | 1.07 |
| ROE % · ROCE % | (10.2) · (8.6) | (14.4) · (11.1) | (42.2) · (21.0) |
| Debt / equity (x) | 0.00 | 0.00 | 0.69 |
| Cash from operations | (2) | (5) | (3) |
| Capex | 0 | (17) | (14) |
| ₹ crore | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | (1) | (3) | (3) | (2) | (4) | (2) | (9) | (4) |
| Net profit | (1) | (2) | (3) | (2) | (3) | (2) | (9) | (4) |
| EPS (₹) | (0.04) | (0.17) | 0.22 | 0.11 | 0.22 | 0.15 | 0.58 | 0.27 |
| 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 % |
|---|---|---|---|---|
| 9 Sept 2026 · Newspaper publication of 15th AGM Notice and Annual Report dispatch | compliance | minimal | — | — |
| 8 Sept 2026 · Aerpace Industries appoints Madhur Sanjay Jajoo as Independent Director | management changes | medium | — | — |
| 8 Sept 2026 · FY2025-26 report shows wider losses and lower consolidated income | results | high | — | — |
| 8 Sept 2026 · Aerpace Industries 15th AGM on Sep 30, 2026; director pay and auditor on agenda | board shareholder meetings | low | — | — |
| 4 Sept 2026 · Newspaper ad published for 15th AGM notice on 30 Sep 2026 | compliance | minimal | — | — |
| 13 Aug 2026 · Aerpace Q1 FY27 results published in newspapers, wider losses reported | compliance | minimal | — | — |
| 11 Aug 2026 · Q1 FY27: Revenue Up 21%, But Loss Widens to Rs 356 Lakhs | results | high | — | — |
| 11 Aug 2026 · Aerpace Q1 FY27 loss widens to 356 lakh rupees, new secretarial auditor named | results | high | — | — |
| 10 Aug 2026 · Postal Ballot results: 9 resolutions approved at Aerpace Industries | management changes | high | — | — |
| 4 Aug 2026 · Board meeting on Aug 11, 2026 to consider Q1 FY27 unaudited results | results | low | — | — |
| 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) | 29.6 | 16.2 | 84 of 118 | 29% |
| P/B | 14.2 | 1.7 | 96 of 99 | 3% |
| ROCE | (22.5) | 8.7 | 117 of 120 | 3% |
| ROE | (42.2) | 8.6 | 112 of 114 | 2% |
| Debt / Equity | 0.7 | 0.1 | 98 of 114 | 14% |
| Profit growth | (135.1) | 29.3 | 99 of 105 | 6% |
| Market cap | 556 | 247 | 47 of 120 | 61% |
| 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.
