Aeron Composite

Ahmedabad, India Founded: 2011 • Age: 15 yrs Listed

FRPGRP composite materials and products are manufactured for industrial use.

Page last updated 19 Sep 2026

About Aeron Composite

Aeron Composite is a publicly listed company based in Ahmedabad (India) founded in 2011. FRPGRP composite materials and products are manufactured for industrial use. The company has 272 employees. Its Indian entity Aeron Composite Limited reported revenue of ₹225 Cr. Aeron Composite offers products and services including FRP/GRP Gratings and FRP/GRP Tanks. Its focus areas include Chemicals and Materials and Composites.

Company details

Founded in 2011 in Ahmedabad, India, the company specializes in the production of FRPGRP composite materials and products. Pultrusion and molding processes are employed to create items such as gratings, handrails, ladders, pultruded sections, and tanks. These corrosion-resistant and lightweight materials serve sectors including oil and gas, water treatment, and construction. Design and engineering services are provided to support applications.

Headquarters Ahmedabad, India
Employees 272
Stage Public
Sectors
Chemicals & Materials
Email
••••••••
Phone
•••• ••••
Website aeroncomposite.com
Social LinkedIn X Facebook
Legal Name Aeron Composite Limited

Operational Areas

Chemicals & Materials → Composites & High-Performance Materials

Key Metrics

Market Cap
₹123 Cr
AERON-SM · NSE
Share Price
₹73.85
+1.86% 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)
14.4x
P/B 1.2x
Employee Count
272

Associated legal entities of Aeron Composite

Aeron Composite operates through Aeron Composite Limited, a listed company (active). Its filings, financials, charges and directors are on the company page.

Legal entity	Status	Incorporated	Registered in	Revenue (FY 2026)	Employees	Directors	Company page
Aeron Composite Limited Listed CIN L25209GJ2011PLC065419	Active	13 May 2011	Mahesana, Gujarat	₹225 Cr	239	8	View details

Products & Services of Aeron Composite

Aeron Composite offers a comprehensive portfolio of products and services, including FRP/GRP Gratings and FRP/GRP Tanks.

FRP/GRP Gratings

Composite Materials

FRP/GRP gratings are produced for use in industrial walkways and platforms, where corrosion resistance and light weight are required to enhance durability.

FRP/GRP Tanks

Storage Solutions

These tanks are manufactured for storage applications in various sectors, offering impact resistance and low maintenance to meet strength requirements.

Board of directors of Aeron Composite Limited (Aeron Composite)

Aeron Composite Limited is the primary company behind Aeron Composite. The board of Aeron Composite Limited currently have 6 directors; the longest-serving is Dilipkumar Ratilal Patel, appointed in 2011. 4 earlier directors have ceased.

Director	Designation	Appointed	Tenure	Entity
Dilipkumar Ratilal Patel DIN 00314623	Director	13 May 2011	15 yrs 5 mo	Aeron Composite Limited
Pankaj Shantilal Dadhaniya DIN 02100802	Whole-time director	13 May 2011	15 yrs 5 mo	Aeron Composite Limited
Ravi Pankajkumar Patel DIN 03427590	Managing Director	30 Sep 2014	12 yrs	Aeron Composite Limited
Naveen Kumar Mandovara DIN 02817059	Director	20 Jun 2024	2 yrs 4 mo	Aeron Composite Limited
Poonam Neelendu Savalia DIN 06791412	Director	20 Jun 2024	2 yrs 4 mo	Aeron Composite Limited
Hemang Bipinbhai Patel DIN 07005903	Whole-time director	29 Aug 2026	2 mo	Aeron Composite Limited

People of Aeron Composite

1 people are tracked at Aeron Composite (1 in leadership); the tracked headcount is 272.

Name	Role	Group
Chirag Patel	Managing Director	Leadership

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IPO & Listings of Aeron Composite

Aeron Composite is a publicly listed company on the NSE with ticker symbol AERON in India, operating in the Producer manufacturing sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.

IPO date04 Sep 2024
Listed onNSE: AERON
Listed entityAeron Composite Limited
Exchange sectorProducer manufacturing
ISININE0WL801011
Share price₹86.95 (+5.97% on the day) · 2026-10-14
Market capitalisation₹140 Cr
Price to earnings17.0
EPS (diluted, trailing year)₹5.12
Volume (last session)7,000

Financials of Aeron Composite

Exchange-reported figures of Aeron Composite Limited, the listed company behind Aeron Composite (NSE: AERON-SM).

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

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

Figures in ₹ Cr; negatives in brackets. Updated 30 Oct 2026

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

Web traffic of Aeron Composite

The website of Aeron Composite (aeroncomposite.com) receives about 4.4K visits a month.

Monthly visits
4.4K
▲ 1% vs previous month

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aeroncomposites.com	aeroncomposites.com	50%	#9,588,388	–
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Frequently Asked Questions about Aeron Composite

When was Aeron Composite founded?

Aeron Composite was founded in 2011.

Where is Aeron Composite located?

Aeron Composite is headquartered in Ahmedabad, India. It is registered at Ahmedabad, Gujarat, India.

How many employees does Aeron Composite have?

Aeron Composite has 272 employees.

What is the annual revenue of Aeron Composite?

The primary company behind Aeron Composite, Aeron Composite Limited, reported revenue of ₹225 Cr for FY 2026, up 3% year on year.

What does Aeron Composite do?

What products or services does Aeron Composite offer?

Aeron Composite offers FRP/GRP Gratings and FRP/GRP Tanks.

Is Aeron Composite publicly traded?

Yes, Aeron Composite is publicly traded on NSE under the ticker symbol AERON.

Which legal entities are associated with Aeron Composite?

Aeron Composite operates through Aeron Composite Limited.

Who are the directors of Aeron Composite?

The legal entities of Aeron Composite currently have 8 directors, including Dilipkumar Ratilal Patel, Pankaj Shantilal Dadhaniya, Ravi Pankajkumar Patel and others.