- Category
- Medium (2024-25)
- Udyam number
- UDYAM-GJ-01-0009705

About Aeron Composite Limited
Data last updated:
Aeron Composite Limited is a public limited company based in Mehsana, Gujarat, India. It operates in the construction materials segment of the manufacturing sector. It was incorporated on 13 May 2011 and has been in existence for over 15 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN L25209GJ2011PLC065419. Its GSTIN is 24AAJCA5031D1Z8 (Gujarat). It is a listed company as per MCA records. Its shares are listed on NSE: AERON.
The company has an authorised share capital of ₹20 Cr and a paid-up capital of ₹17.02 Cr. It is led by directors including Ravi Pankajkumar Patel (Managing Director) and Pankaj Shantilal Dadhaniya (Whole-Time Director).
Its last annual general meeting (AGM) was held on 26 September 2025, and its latest financial statements are for the year ended 31 March 2026. The registered office is at Mehsana, Gujarat.
As per the latest standalone financials for FY 2025-26, the company reported a revenue of ₹221.84 Cr, a growth of 3% compared to the previous year. For the same year it recorded a net profit of ₹8.86 Cr (net margin 4%) and EBITDA of ₹19.04 Cr (EBITDA margin 8.6%). The net worth stands at ₹109.7 Cr (up 8.6% YoY). Total assets are valued at ₹167.65 Cr (up 14.5% YoY).
The company has about 239 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Aeron Composite. As per MCA filings, the company has open charges of ₹67.18 Cr and satisfied charges of ₹58.66 Cr on record. The company has 8 deals on record (4 secondary share transfers, 2 funding rounds, 1 rights issue), with disclosed funding of ₹1.79 Cr; the latest was in September 2024. Its 8 peer companies in the Manufacturing industry (Construction Materials), with the same principal business activity (other manufacturing) are compared by revenue, 4 larger and 4 smaller; the largest is Hunter Douglas India Pvt Ltd with revenue of ₹206.4 Cr. The company has 10 MSME Form 1 returns on record between 2019 and 2024, listing 578 overdue payments to 99 micro and small suppliers.
Aeron Composite Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-GJ-01-0009705). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website aeroncomposite.com.
Company details
CIN history
Aeron Composite has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is L25209GJ2011PLC065419, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L25209GJ2011PLC065419 | Current |
| U25209GJ2011PLC065419 | Previous |
| U25209GJ2011PTC065419 | Previous |
Recognitions & Rankings of Aeron Composite
Contact details
Aeron Composite Limited's registered office is in Mahesana, Gujarat. Its website is aeroncomposite.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressSurvey No.170 To 174, Jornang – Akhaj Road Via Ambaliyasan, Mehsana, Gujarat, India – 382732
- IndustryManufacturing, Construction Materials
To see the full contact details of Aeron Composite Limited, buy the company report.
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
Brands
Aeron Composite operates one associated brand: Aeron Composite. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| FRP/GRP composite materials and products are manufactured for industrial use. | aeroncomposite.com |
Financials of Aeron Composite Limited
FY 2025-26 filings availableAeron Composite Limited reported revenue of ₹221.84 Cr (up 3% YoY) for FY 2025-26.
Financial Highlights
FY 2025-26 · StandaloneRevenue vs Net Profit ₹ Cr
Margin trends
Financial summary ₹ Cr
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 222 | 215 | 200 | 179 | 108 | 78.82 | 77.40 |
| Revenue growth | +3.0% | +7.8% | +11.3% | +65.6% | +37.5% | +1.8% | - |
| EBITDA | 19.04 | 18.30 | 16.08 | 10.16 | 6.24 | 6.29 | 5.60 |
| EBITDA margin | +8.6% | +8.5% | +8.1% | +5.7% | +5.8% | +8.0% | +7.2% |
| Profit before tax | 11.72 | 18.18 | 14.51 | 9.55 | 5.02 | 3.65 | 4.05 |
| Net profit | 8.86 | 13.32 | 10.11 | 6.58 | 3.49 | 2.56 | 2.96 |
| Net profit margin | +4.0% | +6.2% | +5.1% | +3.7% | +3.2% | +3.3% | +3.8% |
| EPS (₹) | 5.12 | 7.84 | 64.53 | 42.20 | 27.86 | 19.64 | 22.20 |
| Balance sheet | |||||||
| Total assets | 168 | 146 | 50.03 | 40.05 | 28.55 | 23.08 | 23.13 |
| Net worth | 110 | 101 | 35.50 | 25.39 | 15.57 | 12.08 | 9.66 |
| Total debt | 57.95 | 45.49 | 11.83 | 14.00 | 12.56 | 10.43 | 13.47 |
| Cash & bank | 31.96 | 45.68 | 5.09 | 1.96 | 0.89 | 1.45 | 4.16 |
| Net working capital | 86.47 | 90.10 | 26.45 | 28.73 | 19.01 | 13.62 | 14.39 |
| Cash flow | |||||||
| Cash from operations | 5.58 | (8.84) | 21.05 | 2.02 | 0.01 | 3.59 | 5.58 |
| Cash from investing | (28.63) | (34.10) | (14.25) | (3.58) | (1.68) | (1.91) | (5.44) |
| Cash from financing | 9.33 | 83.53 | (3.62) | 3.05 | 0.85 | (4.11) | 2.59 |
Financial Statements
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 222 | 215 | 200 | 179 | 108 | 78.82 | 77.40 |
| Revenue growth | +3.0% | +7.8% | +11.3% | +65.6% | +37.5% | +1.8% | - |
| Other income | 2.75 | 5.45 | 1.95 | 2.61 | 1.59 | 0.24 | 0.69 |
| Total expenses | 203 | 197 | 184 | 169 | 102 | 72.53 | 71.80 |
| Employee cost | 0.00 | 17.99 | 18.60 | 11.50 | 6.67 | 5.80 | 4.09 |
| EBITDA | 19.04 | 18.30 | 16.08 | 10.16 | 6.24 | 6.29 | 5.60 |
| EBITDA margin | +8.6% | +8.5% | +8.1% | +5.7% | +5.8% | +8.0% | +7.2% |
| Depreciation | 6.63 | 3.20 | 2.22 | 1.62 | 1.66 | 1.81 | 1.38 |
| Interest | 3.44 | 2.37 | 1.30 | 1.60 | 1.15 | 1.07 | 0.86 |
| Profit before tax | 11.72 | 18.18 | 14.51 | 9.55 | 5.02 | 3.65 | 4.05 |
| Tax | 3.00 | 4.84 | 4.40 | 2.96 | 1.40 | 1.09 | 1.17 |
| Net profit | 8.86 | 13.32 | 10.11 | 6.58 | 3.49 | 2.56 | 2.96 |
| Net profit margin | +4.0% | +6.2% | +5.1% | +3.7% | +3.2% | +3.3% | +3.8% |
| EPS (₹) | 5.12 | 7.84 | 64.53 | 42.20 | 27.86 | 19.64 | 22.20 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 17.02 | 17.02 | 1.57 | 1.57 | 1.30 | 1.30 | 1.30 |
| Reserves & surplus | 92.68 | 83.96 | 33.93 | 23.82 | 14.27 | 10.78 | 8.36 |
| Shareholders' funds (net worth) | 110 | 101 | 35.50 | 25.39 | 15.57 | 12.08 | 9.66 |
| Secured loans | 50.06 | 45.49 | 11.83 | 14.00 | 12.56 | 9.93 | 11.49 |
| Unsecured loans | 7.89 | 0.00 | 0.00 | 0.00 | 0.00 | 0.50 | 1.98 |
| Total debt | 57.95 | 45.49 | 11.83 | 14.00 | 12.56 | 10.43 | 13.47 |
| Total liabilities | 168 | 146 | 50.03 | 40.05 | 28.55 | 23.08 | 23.13 |
| Assets | |||||||
| Gross block | 97.38 | 34.15 | 29.09 | 18.44 | 15.25 | 13.93 | 13.14 |
| Net block | 76.32 | 19.54 | 17.68 | 9.21 | 7.54 | 7.86 | 8.86 |
| Capital work in progress | 2.35 | 35.26 | 4.08 | 0.38 | 0.00 | 0.00 | 0.00 |
| Investments | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Inventories | 40.91 | 53.70 | 25.09 | 19.12 | 21.70 | 11.28 | 8.62 |
| Sundry debtors | 48.10 | 45.15 | 41.45 | 31.08 | 20.72 | 19.05 | 13.14 |
| Cash & bank balances | 31.96 | 45.68 | 5.09 | 1.96 | 0.89 | 1.45 | 4.16 |
| Loans & advances | 9.39 | 5.43 | 6.08 | 5.61 | 7.69 | 2.21 | 2.76 |
| Total current assets | 130 | 150 | 77.71 | 57.77 | 51.00 | 33.99 | 28.68 |
| Total current liabilities | 43.89 | 59.86 | 51.26 | 29.04 | 31.99 | 20.37 | 14.29 |
| Net working capital | 86.47 | 90.10 | 26.45 | 28.73 | 19.01 | 13.62 | 14.39 |
| Total assets | 168 | 146 | 50.03 | 40.05 | 28.55 | 23.08 | 23.13 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 45.68 | 5.09 | 1.91 | 0.42 | 1.23 | 3.66 | 1.43 |
| Net cash from operating activities | 5.58 | (8.84) | 21.05 | 2.02 | 0.01 | 3.59 | 5.58 |
| Net cash from investing activities | (28.63) | (34.10) | (14.25) | (3.58) | (1.68) | (1.91) | (5.44) |
| Net cash from financing activities | 9.33 | 83.53 | (3.62) | 3.05 | 0.85 | (4.11) | 2.59 |
| Net change in cash | (13.72) | 40.59 | 3.18 | 1.49 | (0.81) | (2.43) | 2.73 |
| Closing cash | 31.96 | 45.68 | 5.09 | 1.96 | 0.89 | 1.45 | 4.16 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | +3.0% | +7.8% | +11.3% | +65.6% | +37.5% | +1.8% | - |
| EBITDA growth | +4.0% | +13.8% | +58.3% | +62.8% | -0.8% | +12.3% | - |
| PBT growth | -35.5% | +25.3% | +51.9% | +90.2% | +37.5% | -9.9% | +134.1% |
| Net income growth | -33.5% | +31.8% | +53.7% | +88.5% | +36.3% | -13.5% | - |
| Revenue CAGR (3Y) | +7.3% | +25.7% | +36.3% | +32.3% | +34.2% | - | - |
| EBITDA CAGR (3Y) | +23.3% | +43.1% | +36.7% | +22.0% | +26.7% | - | - |
| Profitability & leverage | |||||||
| Net income margin | +3.9% | +6.2% | +5.1% | +3.7% | +3.3% | +3.3% | +3.7% |
| Return on capital employed | - | +20.9% | +35.1% | +32.6% | +23.9% | +20.4% | +21.3% |
| Return on net worth | - | +19.6% | +33.2% | +32.3% | +26.2% | +23.5% | +29.9% |
| Debt / equity | - | 0.42 | 0.42 | 0.65 | 0.83 | 1.10 | 1.39 |
| Long-term debt / equity | - | 0.18 | 0.08 | 0.10 | 0.29 | 0.55 | 0.74 |
| Interest cover | 27.72 | 15.70 | 9.38 | 18.74 | 25.11 | 23.88 | 20.38 |
| Efficiency & per share | |||||||
| Fixed asset turnover | - | 6.81 | 8.40 | 10.65 | 7.43 | 5.82 | 5.89 |
| Inventory turnover | - | 5.47 | 9.04 | 8.79 | 6.57 | 7.92 | 8.98 |
| Debtors turnover | - | 4.97 | 5.51 | 6.93 | 5.45 | 4.90 | 5.89 |
| EPS (₹) | 5.12 | 7.84 | 64.53 | 42.20 | 27.86 | 19.64 | 22.20 |
| Dividend per share (₹) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Book value per share (₹) | 0.00 | 59.33 | 226.61 | 162.09 | 119.80 | 92.94 | 74.30 |
To see the full year-wise statements and ratios of Aeron Composite Limited, buy the company report.
Board of directors of Aeron Composite Limited
Aeron Composite has 6 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Dilipkumar Ratilal Patel Also directs: Pehchan Buildcon LLP, Chamak Paint & Coating Private Limited | Director | 13 May 2011 | 15 Years 5 Months | Current |
| Pankaj Shantilal Dadhaniya | Whole-Time Director | 13 May 2011 | 15 Years 5 Months | Current |
| Ravi Pankajkumar Patel Also directs: Aalekh Realty LLP, Chamak Polymers Private Limited | Managing Director | 30 Sep 2014 | 12 Years 0 Months | Current |
| Naveen Kumar Mandovara Also directs: Step Up India Confederation | Director | 20 Jun 2024 | 2 Years 4 Months | Current |
| Poonam Neelendu Savalia Also directs: Nachiketa Infragreen Private Limited | Director | 20 Jun 2024 | 2 Years 4 Months | Current |
| Hemang Bipinbhai Patel Also directs: Aalekh Realty LLP, A. Innovative Food Products Limited, A. International Private Limited and 1 more | Whole-Time Director | 29 Aug 2026 | 0 Years 1 Months | Current |
Peer comparison
Aeron Composite Limited is compared with the 8 companies closest to it by revenue in the Manufacturing industry (Construction Materials), with the same principal business activity (other manufacturing), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Aeron Composite Limitedthis company | ₹221.84 Cr (FY 2026) | ₹8.86 Cr | 4% | 3.0% | 239 | Mehsana, Gujarat, India |
| Hunter Douglas India Pvt Ltd | ₹206.4 Cr (FY 2025) | 11.0% | Mumbai, Maharashtra, India | |||
| Classic Electrodes (India) Limited | ₹206.13 Cr (FY 2025) | 5.0% | Kolkata, West Bengal, India | |||
| Steelbuild Infra Projects Private Limited | ₹203.19 Cr (FY 2025) | 29.0% | Delhi, India | |||
| Metecno (India) Private Limited | ₹202.2 Cr (FY 2025) | 14.0% | Chennai, Tamil Nadu, India | |||
| Biltech Building Elements Limited | ₹201.62 Cr (FY 2025) | -23.0% | Gurugram, Haryana, India | |||
| BSL Scaffolding Limited | ₹198.62 Cr (FY 2025) | 12.0% | New Delhi, Delhi, India | |||
| Metal Scope India Private Limited | ₹197.36 Cr (FY 2024) | -25.0% | Puducherry, India | |||
| Sarvesh Multi Plast India Private Limited | ₹195.43 Cr (FY 2024) | 2.0% | Chennimalai, Tamil Nadu, India |
To see the full peer comparison of Aeron Composite Limited, buy the company report.
Auditor
Aeron Composite Limited is audited by DINESH R THAKKAR & CO for the financial year 2025.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| DINESH R THAKKAR & CO | FY 2025 | 102612W |
Shareholding
Shareholding for the quarter ended Sep 2026: promoters hold 73.60%, foreign institutional investors hold 0.70%, domestic institutional investors hold 0.30% and retail and other public shareholders hold 25.40%.
| Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | |
|---|---|---|---|---|
| Promoters | 73.60% | 73.60% | 73.60% | 73.60% |
| Public | 26.40% | 26.40% | 26.40% | 26.40% |
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 24 Nov 2025 | 101200845 | Standard Chartered Bank | ₹1.5 Cr | Open | |
| 18 Oct 2025 | 101174935 | Hdfc Bank Limited | ₹5.77 Lakh | Open | |
| 20 Feb 2025 | 101050837 | Hdfc Bank Limited | ₹22.52 Lakh | Open | |
| 17 Feb 2024 | 100877170 | Hdfc Bank Limited | ₹10 Lakh | Open | |
| 19 Jan 2024 | 100856334 | Hdfc Bank Limited | ₹6.5 Lakh | Open |
To see the full charge records of Aeron Composite Limited, buy the company report.
Total charge records: 17 View all charges
Deals & funding
Aeron Composite Limited has 8 deals on record (4 secondary share transfers, 2 funding rounds, 1 rights issue), with disclosed funding of ₹1.79 Cr; the latest was in September 2024.
Deals on record (5 of 8)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Sep 2024 | IPO | ₹56.1 Cr | Investors: IPO Shareholders - Aeron Composite Limited, Nav Capital Vcc - Nav Capital Emerging Star Fund, India Ahead Venture Fund |
| Sep 2022 | Rights issue | ₹3.33 Cr | Investors: 4 individuals |
| Mar 2021 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Mar 2018 | Secondary share transfer | Undisclosed | Seller: 4 individuals |
| Mar 2017 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
To see the full deal history of Aeron Composite Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
No court or tribunal cases involving Aeron Composite Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
Aeron Composite Limited has 10 MSME Form 1 returns on record between 2019 and 2024, listing 578 overdue payments to 99 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (5 of 99)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Aarvi Marketing Private Limited | |||
| Environ Speciality Chemicals Private Limited | |||
| Scott Bader Private Limited | |||
| Nirav Chemical Industries | |||
| an individual supplier |
To see the full MSME payment records of Aeron Composite Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Aeron Composite Limited has a workforce of 239 employees on its EPFO records as of Oct 10, 2025, across 1 active EPFO establishment.
GST
Aeron Composite has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAJCA5031D1Z8 | Gujarat | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Aeron Composite Limited, buy the company report.
Recent activity
Aeron Composite Limited has 14 board changes on record since 2011: 10 appointments and 4 cessations. The latest: Hemang Bipinbhai Patel was appointed as Whole-Time Director on 29 Aug 2026.
39 earlier events are in the company report.
Frequently asked questions
Aeron Composite is an active public limited company based in Mehsana, Gujarat, India. The company works in construction materials, within the manufacturing industry. It was incorporated on 13 May 2011 (15+ years old) and is registered under CIN L25209GJ2011PLC065419. Listed on NSE: AERON.
Aeron Composite reported revenue of ₹221.84 Cr for FY 2025-26 (up 3% YoY) based on standalone financials.
Aeron Composite has 6 current directors:
- Ravi Pankajkumar Patel - Managing Director
- Pankaj Shantilal Dadhaniya - Whole-Time Director
- Hemang Bipinbhai Patel - Whole-Time Director
- Dilipkumar Ratilal Patel - Director
- Naveen Kumar Mandovara - Director
- Poonam Neelendu Savalia - Director
The latest financial statements of Aeron Composite on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 26 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Aeron Composite is 24AAJCA5031D1Z8, registered in Gujarat.
The CIN (Corporate Identification Number) of Aeron Composite is L25209GJ2011PLC065419. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Yes. Aeron Composite is a listed company as per MCA records. Its shares are listed on NSE (symbol: AERON).
Aeron Composite was incorporated on 13 May 2011, making it 15+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Aeron Composite has 8 deals on record (4 secondary share transfers, 2 funding rounds, 1 rights issue), with disclosed funding of ₹1.79 Cr; the latest was in September 2024.
The peers of Aeron Composite by revenue are Hunter Douglas India Pvt Ltd, Classic Electrodes (India) Limited, Steelbuild Infra Projects Private Limited, Metecno (India) Private Limited, Biltech Building Elements Limited and 3 more, all in the Manufacturing industry (Construction Materials), with the same principal business activity (other manufacturing).
Hemang Bipinbhai Patel was appointed as Whole-Time Director on 29 Aug 2026. Naveen Kumar Mandovara was appointed as Director on 20 Jun 2024. Poonam Neelendu Savalia was appointed as Director on 20 Jun 2024. Aeron Composite has 14 board changes on record in total.
Yes, Aeron Composite is registered as a medium enterprise under Udyam registration (number: UDYAM-GJ-01-0009705).