Aeron Composite Limited - manufacturing in Mehsana, Gujarat, India. FY 2026 financials & compliance.
CIN L25209GJ2011PLC065419 Incorporated 13 May 2011 ROC Ahmedabad HQ Mehsana, Gujarat, India
Active Listed - NSE: AERON Public Limited Company manufacturing MSME · Medium
Data last updated
Market Cap
₹136 Cr
AERON-SM · NSE
Share Price
₹76.40
-4.56% today
Revenue
₹222 Cr
FY 2025-26 · +3.0% YoY
EBITDA
₹19.04 Cr
Margin 8.6%
Net Profit
₹8.86 Cr
FY 2025-26 · -33.5% YoY
P/E (TTM)
15.9x
P/B 1.3x
Authorised capital
₹20 Cr
Registered with MCA
Paid-up capital
₹17.02 Cr
Issued & subscribed

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 L25209GJ2011PLC065419
Registration Number 065419
Incorporation Date 13 May 2011
ROC Ahmedabad
Listing Status Listed (NSE: AERON)
Company Status Active
Date of Last AGM 26 September 2025
Date of Balance Sheet 31 March 2026
Compliance Status Active Compliant
MSME Classification Medium
Udyam Registration UDYAM-GJ-01-0009705

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.

CINStatus
L25209GJ2011PLC065419Current
U25209GJ2011PLC065419Previous
U25209GJ2011PTC065419Previous

Recognitions & Rankings of Aeron Composite

MSME (Udyam registered) Ministry of MSME
Category
Medium (2024-25)
Udyam number
UDYAM-GJ-01-0009705

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
  • Social Media
  • Registered Address
    Survey No.170 To 174, Jornang – Akhaj Road Via Ambaliyasan, Mehsana, Gujarat, India – 382732
  • Industry
    Manufacturing, Construction Materials

To see the full contact details of Aeron Composite Limited, buy the company report.

Comprehensive company report
Aeron Composite Limited - one report that includes everything
  • 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
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Brands

Aeron Composite operates one associated brand: Aeron Composite. Each brand links to its own profile.

BrandDescriptionWebsite
FRP/GRP composite materials and products are manufactured for industrial use.aeroncomposite.com

Financials of Aeron Composite Limited

FY 2025-26 filings available

Aeron Composite Limited reported revenue of ₹221.84 Cr (up 3% YoY) for FY 2025-26.

Financial Highlights

FY 2025-26 · Standalone
Revenue
₹222 Cr
+3.0% YoY
EBITDA
₹19.04 Cr
+4.0% YoY
Profit After Tax
₹8.86 Cr
-33.5% YoY
Net Worth
₹110 Cr
+8.6% YoY
Total Assets
₹168 Cr
+14.5% YoY
Total Debt
₹57.95 Cr
+27.4% YoY

Revenue vs Net Profit ₹ Cr

Margin trends

Financial summary ₹ Cr

MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Income statement
Revenue22221520017910878.8277.40
Revenue growth+3.0%+7.8%+11.3%+65.6%+37.5%+1.8%-
EBITDA19.0418.3016.0810.166.246.295.60
EBITDA margin+8.6%+8.5%+8.1%+5.7%+5.8%+8.0%+7.2%
Profit before tax11.7218.1814.519.555.023.654.05
Net profit8.8613.3210.116.583.492.562.96
Net profit margin+4.0%+6.2%+5.1%+3.7%+3.2%+3.3%+3.8%
EPS (₹)5.127.8464.5342.2027.8619.6422.20
Balance sheet
Total assets16814650.0340.0528.5523.0823.13
Net worth11010135.5025.3915.5712.089.66
Total debt57.9545.4911.8314.0012.5610.4313.47
Cash & bank31.9645.685.091.960.891.454.16
Net working capital86.4790.1026.4528.7319.0113.6214.39
Cash flow
Cash from operations5.58(8.84)21.052.020.013.595.58
Cash from investing(28.63)(34.10)(14.25)(3.58)(1.68)(1.91)(5.44)
Cash from financing9.3383.53(3.62)3.050.85(4.11)2.59

Financial Statements

Figures in ₹ Cr; negatives in brackets. Updated 24 Oct 2026
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Revenue22221520017910878.8277.40
Revenue growth+3.0%+7.8%+11.3%+65.6%+37.5%+1.8%-
Other income2.755.451.952.611.590.240.69
Total expenses20319718416910272.5371.80
Employee cost0.0017.9918.6011.506.675.804.09
EBITDA19.0418.3016.0810.166.246.295.60
EBITDA margin+8.6%+8.5%+8.1%+5.7%+5.8%+8.0%+7.2%
Depreciation6.633.202.221.621.661.811.38
Interest3.442.371.301.601.151.070.86
Profit before tax11.7218.1814.519.555.023.654.05
Tax3.004.844.402.961.401.091.17
Net profit8.8613.3210.116.583.492.562.96
Net profit margin+4.0%+6.2%+5.1%+3.7%+3.2%+3.3%+3.8%
EPS (₹)5.127.8464.5342.2027.8619.6422.20
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Equity & liabilities
Share capital17.0217.021.571.571.301.301.30
Reserves & surplus92.6883.9633.9323.8214.2710.788.36
Shareholders' funds (net worth)11010135.5025.3915.5712.089.66
Secured loans50.0645.4911.8314.0012.569.9311.49
Unsecured loans7.890.000.000.000.000.501.98
Total debt57.9545.4911.8314.0012.5610.4313.47
Total liabilities16814650.0340.0528.5523.0823.13
Assets
Gross block97.3834.1529.0918.4415.2513.9313.14
Net block76.3219.5417.689.217.547.868.86
Capital work in progress2.3535.264.080.380.000.000.00
Investments0.000.000.000.000.000.000.00
Inventories40.9153.7025.0919.1221.7011.288.62
Sundry debtors48.1045.1541.4531.0820.7219.0513.14
Cash & bank balances31.9645.685.091.960.891.454.16
Loans & advances9.395.436.085.617.692.212.76
Total current assets13015077.7157.7751.0033.9928.68
Total current liabilities43.8959.8651.2629.0431.9920.3714.29
Net working capital86.4790.1026.4528.7319.0113.6214.39
Total assets16814650.0340.0528.5523.0823.13
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Opening cash45.685.091.910.421.233.661.43
Net cash from operating activities5.58(8.84)21.052.020.013.595.58
Net cash from investing activities(28.63)(34.10)(14.25)(3.58)(1.68)(1.91)(5.44)
Net cash from financing activities9.3383.53(3.62)3.050.85(4.11)2.59
Net change in cash(13.72)40.593.181.49(0.81)(2.43)2.73
Closing cash31.9645.685.091.960.891.454.16
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 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-0.420.420.650.831.101.39
Long-term debt / equity-0.180.080.100.290.550.74
Interest cover27.7215.709.3818.7425.1123.8820.38
Efficiency & per share
Fixed asset turnover-6.818.4010.657.435.825.89
Inventory turnover-5.479.048.796.577.928.98
Debtors turnover-4.975.516.935.454.905.89
EPS (₹)5.127.8464.5342.2027.8619.6422.20
Dividend per share (₹)0.000.000.000.000.000.000.00
Book value per share (₹)0.0059.33226.61162.09119.8092.9474.30

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.

Current Directors
NameDesignationAppointment DateTenureStatus
Dilipkumar Ratilal PatelDirector13 May 201115 Years 5 MonthsCurrent
Pankaj Shantilal DadhaniyaWhole-Time Director13 May 201115 Years 5 MonthsCurrent
Ravi Pankajkumar PatelManaging Director30 Sep 201412 Years 0 MonthsCurrent
Naveen Kumar MandovaraDirector20 Jun 20242 Years 4 MonthsCurrent
Poonam Neelendu SavaliaDirector20 Jun 20242 Years 4 MonthsCurrent
Hemang Bipinbhai PatelWhole-Time Director29 Aug 20260 Years 1 MonthsCurrent

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.

CompanyRevenueNet profitMarginGrowth (1 yr)EmployeesLocation
Aeron Composite Limitedthis company₹221.84 Cr (FY 2026)₹8.86 Cr4%3.0%239Mehsana, 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 firmFinancial yearFirm registration number
DINESH R THAKKAR & COFY 2025102612W

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%.

Promoters: 73.60%DII (Domestic Institutional): 0.30%FII (Foreign Institutional): 0.70%Retail & Others: 25.40%
Sep 2026
QUARTER
73.60% Promoters
0.30% DII (Domestic Institutional)
0.70% FII (Foreign Institutional)
25.40% Retail & Others
Promoter holding - history
Now 73.60% · Sep 2026High 73.60% · Dec 2025Low 73.60% · Dec 2025
72%72.8%73.5%74.3%75%Dec 2025Mar 2026Jun 2026Sep 2026Dec 2025: 73.60%Mar 2026: 73.60%Jun 2026: 73.60%Sep 2026: 73.60%73.60%73.60%
Shareholding trend - last 6 quarters
Sep 2026Jun 2026Mar 2026Dec 2025
Promoters73.60%73.60%73.60%73.60%
Public26.40%26.40%26.40%26.40%

Charges & borrowings

Open charges
₹67.18 Cr
Satisfied charges
₹58.66 Cr
Breakdown by lending institutions
Hdfc Bank Limited₹34.53 Cr
Yes Bank Limited₹31.15 Cr
Standard Chartered Bank₹1.50 Cr
Latest charge details
DateCharge IDLenderAmountStatusModified or satisfied on
24 Nov 2025101200845Standard Chartered Bank₹1.5 CrOpen
18 Oct 2025101174935Hdfc Bank Limited₹5.77 LakhOpen
20 Feb 2025101050837Hdfc Bank Limited₹22.52 LakhOpen
17 Feb 2024100877170Hdfc Bank Limited₹10 LakhOpen
19 Jan 2024100856334Hdfc Bank Limited₹6.5 LakhOpen

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.

Total deals
8
Secondary share transfers
4
Funding rounds
2
Rights issue
1
IPO
1
Disclosed funding
₹1.79 Cr

Deals on record (5 of 8)

WhenDealAmountParties
Sep 2024IPO₹56.1 CrInvestors: IPO Shareholders - Aeron Composite Limited, Nav Capital Vcc - Nav Capital Emerging Star Fund, India Ahead Venture Fund
Sep 2022Rights issue₹3.33 CrInvestors: 4 individuals
Mar 2021Secondary share transferUndisclosedBuyer: an individual
Seller: an individual
Mar 2018Secondary share transferUndisclosedSeller: 4 individuals
Mar 2017Secondary share transferUndisclosedBuyer: 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.

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)

SupplierAmount dueDue sinceReported 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.

Employee count
239
Active EPFO establishments
1
Employee growth
-14.03%

GST

Aeron Composite has 1 GST registration: 1 active.

Total GSTINs
1
Active
1
GSTINStateStatusRegistered on
24AAJCA5031D1Z8GujaratActive01 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.

Appointed
Hemang Bipinbhai Patel was appointed as Whole-Time Director.
Filing
Aeron Composite Limited has filed its annual Financial statements for the year ended 31 Mar 2026 with Roc Ahmedabad.
Charges
A charge registered on 11 Nov 2022 via Charge ID 100668501 with Hdfc Bank Limited was fully satisfied on 07 Dec 2025.
Charges
A charge with Standard Chartered Bank amounted to Rs. 1.50 Cr with Charge ID 101200845 was registered on 24 Nov 2025.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 0.06 Cr with Charge ID 101174935 was registered on 18 Oct 2025.
AGM
Aeron Composite Limited last Annual general meeting of members was held on 26 Sep 2025 as per latest MCA records.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 0.23 Cr with Charge ID 101050837 was registered on 20 Feb 2025.
Charges
A charge registered on 18 Nov 2019 via Charge ID 100304481 with Standard Chartered Bank was fully satisfied on 21 Oct 2024.
Appointed
Naveen Kumar Mandovara was appointed as Director.
Appointed
Poonam Neelendu Savalia was appointed as Director.
Ceased
Pankajkumar Ratilal Patel ceased to be Director.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 0.10 Cr with Charge ID 100877170 was registered on 17 Feb 2024.

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:

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).