- Category
- Medium (2024-25)
- Udyam number
- UDYAM-MH-19-0000219

About Aeroflex Industries Limited
Data last updated:
Aeroflex Industries Limited is a public limited company based in Panvel, Maharashtra, India. It operates in the metalworking segment of the metals and mining sector. It was incorporated on 19 October 1993 and has been in existence for over 33 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN L27509MH1993PLC074576. Its GSTIN is 27AABCA0842N1ZO (Maharashtra). The company holds 15 GST registrations, of which 12 are active. It is a listed company as per MCA records. Its shares are listed on BSE: 543972 and NSE: AEROFLEX.
The company has an authorised share capital of ₹56 Cr and a paid-up capital of ₹26.47 Cr. It was formerly known as Suyog Intermediates Private Limited and Aeroflex Industries Private Limited. It is led by directors including Asad Daud (Managing Director) and Mustafa Abid Kachwala (Whole-Time Director).
Its last annual general meeting (AGM) was held on 21 July 2026, and its latest financial statements are for the year ended 31 March 2026. The registered office is at Plot No. 41 42/13 42/14 & 42/18 Near Taloja MIDC Village Chal Behind Igpl Panvel Navi M, Umbai, Maharashtra, India – 410208.
As per the latest consolidated financials for FY 2025-26, the company reported a revenue of ₹441.94 Cr, a growth of 17.5% compared to the previous year. For the same year it recorded a net profit of ₹55.56 Cr (net margin 12.6%) and EBITDA of ₹100.33 Cr (EBITDA margin 22.7%). The net worth stands at ₹447.28 Cr (up 30.6% YoY). Total assets are valued at ₹456.17 Cr (up 33% YoY).
The company is associated with 1 brand: Aeroflex Industries. As per MCA filings, the company has open charges of ₹1.71 Cr and satisfied charges of ₹308.57 Cr on record. Court records list 14 cases involving the company, including 7 filed by the company and 7 filed against it; 1 case is pending. The company has 37 deals on record (17 market trades, 14 secondary share transfers, 5 funding rounds), with disclosed funding of ₹46.26 Cr; the latest was in May 2026. Its 4 peer companies in the Machinery and Equipment industry (Tools and Components), with the same principal business activity (metal and metal products) are compared by revenue, 2 larger and 2 smaller; the largest is Sahney Commutators Private Limited with revenue of ₹386.8 Cr. The company has 25 MSME Form 1 returns on record between 2019 and 2024, listing 619 overdue payments to 54 micro and small suppliers.
Aeroflex Industries Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-19-0000219). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website aeroflexindia.com.
Company details
Name history
Aeroflex Industries has undergone 2 name changes throughout its history. The company was previously known as Suyog Intermediates Private Limited, and Aeroflex Industries Private Limited. The current legal name is Aeroflex Industries Limited.
| Company Name | Status |
|---|---|
| Aeroflex Industries Limited | Current |
| Suyog Intermediates Private Limited | Previous |
| Aeroflex Industries Private Limited | Previous |
CIN history
Aeroflex Industries has 3 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is L27509MH1993PLC074576, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L27509MH1993PLC074576 | Current |
| U24110MH1993PLC074576 | Previous |
| L24110MH1993PLC074576 | Previous |
| U24110MH1993PTC074576 | Previous |
Recognitions & Rankings of Aeroflex Industries
Contact details
Aeroflex Industries Limited's registered office is in Panvel, Maharashtra. Its website is aeroflexindia.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressPlot No. 41 42/13 42/14 & 42/18 Near Taloja MIDC Village Chal Behind Igpl Panvel Navi M, Umbai, Maharashtra, India – 410208
- IndustryMetal & Minerals, Metalworking
To see the full contact details of Aeroflex Industries 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
Aeroflex Industries operates one associated brand: Aeroflex Industries. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Manufacturer of stainless steel flexible hoses and assemblies | aeroflexindia.com |
Business activity
The main business activity of Aeroflex Industries is manufacturing. In detail, this covers metal and metal products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C7 | Metal and metal products |
To see the full business activity and turnover split of Aeroflex Industries Limited, buy the company report.
Financials of Aeroflex Industries Limited
FY 2025-26 filings availableAeroflex Industries Limited reported revenue of ₹441.94 Cr (up 17.5% YoY) for FY 2025-26.
Financial Highlights
FY 2025-26 · ConsolidatedRevenue 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 | 442 | 376 | 318 | 269 | 241 | 145 | 144 |
| Revenue growth | +17.5% | +18.3% | +18.0% | +11.9% | +66.3% | +0.3% | - |
| EBITDA | 100 | 79.63 | 62.31 | 50.17 | 47.04 | 20.96 | 16.51 |
| EBITDA margin | +22.7% | +21.2% | +19.6% | +18.6% | +19.5% | +14.5% | +11.4% |
| Profit before tax | 74.09 | 69.95 | 57.26 | 41.23 | 36.86 | 8.04 | 3.56 |
| Net profit | 55.56 | 52.64 | 41.75 | 32.46 | 27.19 | 7.22 | 8.27 |
| Net profit margin | +12.6% | +14.0% | +13.1% | +12.1% | +11.3% | +5.0% | +5.7% |
| EPS (₹) | 4.20 | 4.06 | 3.23 | 2.64 | 12.03 | 2.63 | 2.05 |
| Balance sheet | |||||||
| Total assets | 456 | 343 | 293 | 160 | 126 | 113 | 117 |
| Net worth | 447 | 342 | 293 | 114 | 86.22 | 58.71 | 52.70 |
| Total debt | 8.90 | 0.58 | 0.12 | 45.01 | 39.13 | 53.07 | 63.46 |
| Cash & bank | 69.65 | 26.75 | 106 | 6.25 | 8.33 | 3.59 | 4.80 |
| Net working capital | 215 | 157 | 199 | 101 | 71.86 | 66.52 | 66.78 |
| Cash flow | |||||||
| Cash from operations | 65.84 | 26.58 | 44.09 | 7.22 | 32.06 | 12.09 | 12.86 |
| Cash from investing | (120) | (73.65) | (64.02) | (9.45) | (13.39) | (2.91) | (1.21) |
| Cash from financing | 46.83 | (3.13) | 90.30 | 0.16 | (13.94) | (10.39) | (9.51) |
| Particulars | Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 207 | 145 | 126 | 121 | 111 | 84.33 | 91.69 | 99.80 |
| Revenue growth (YoY) | +87.0% | +72.4% | +37.3% | +21.1% | +16.7% | -6.0% | - | - |
| Other income | 0.32 | 0.60 | 0.62 | 0.23 | 0.18 | 0.33 | 0.12 | 0.57 |
| EBITDA | 50.33 | 33.50 | 30.03 | 28.35 | 25.88 | 15.48 | 18.89 | 21.70 |
| EBITDA margin | +24.3% | +23.0% | +23.9% | +23.5% | +23.3% | +18.4% | +20.6% | +21.7% |
| Depreciation | 0.45 | 7.84 | 7.79 | 6.26 | 6.10 | 5.93 | 3.95 | 2.51 |
| Interest | 0.60 | 0.35 | 0.28 | 0.23 | 0.24 | 0.18 | 0.13 | 0.09 |
| Profit before tax | 49.60 | 25.91 | 22.58 | 22.09 | 19.72 | 9.70 | 14.93 | 19.67 |
| Tax | 13.05 | 7.10 | 4.94 | 5.59 | 5.48 | 2.54 | 3.69 | 4.46 |
| Net profit | 36.55 | 18.81 | 17.64 | 16.50 | 14.24 | 7.16 | 11.24 | 15.21 |
| EPS (₹) | 2.76 | 1.42 | 1.36 | 1.28 | 1.10 | 0.55 | 0.87 | 1.18 |
| 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 | 412 | 373 | 318 | 269 | 241 | 145 | 144 |
| Revenue growth | +10.6% | +17.3% | +18.0% | +11.9% | +66.4% | +0.3% | - |
| EBITDA | 98.08 | 78.67 | 62.31 | 50.17 | 47.14 | 21.06 | 16.53 |
| EBITDA margin | +23.8% | +21.1% | +19.6% | +18.6% | +19.6% | +14.6% | +11.5% |
| Profit before tax | 73.98 | 69.14 | 57.26 | 41.23 | 36.94 | 8.05 | 3.58 |
| Net profit | 55.31 | 52.25 | 41.75 | 32.46 | 27.28 | 7.23 | 8.28 |
| Net profit margin | +13.4% | +14.0% | +13.1% | +12.1% | +11.3% | +5.0% | +5.7% |
| EPS (₹) | 4.18 | 4.01 | 3.23 | 2.64 | 12.06 | 2.63 | 2.06 |
| Balance sheet | |||||||
| Total assets | 455 | 343 | 293 | 160 | 126 | 113 | 117 |
| Net worth | 447 | 342 | 293 | 114 | 86.31 | 58.74 | 52.72 |
| Total debt | 8.90 | 0.58 | 0.12 | 45.01 | 39.13 | 53.07 | 63.46 |
| Cash & bank | 69.04 | 25.35 | 105 | 6.18 | 8.31 | 3.42 | 4.72 |
| Net working capital | 207 | 152 | 199 | 101 | 71.86 | 66.48 | 66.72 |
| Cash flow | |||||||
| Cash from operations | 67.21 | 29.70 | 43.93 | 7.26 | 32.22 | 12.00 | 12.87 |
| Cash from investing | (120) | (77.95) | (64.14) | (9.55) | (13.38) | (2.91) | (1.31) |
| Cash from financing | 46.83 | (3.12) | 90.30 | 0.16 | (13.94) | (10.39) | (9.51) |
| Particulars | Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 202 | 139 | 119 | 113 | 102 | 79.19 | 94.23 | 96.89 |
| Revenue growth (YoY) | +98.6% | +75.5% | +26.1% | +16.3% | +8.8% | -10.3% | - | - |
| Other income | 0.49 | 0.76 | 0.72 | 0.32 | 0.18 | 0.33 | 0.27 | 0.51 |
| Total expenses | 152 | 106 | 89.52 | 84.93 | 76.89 | 63.65 | 75.85 | 75.65 |
| EBITDA | 49.85 | 33.02 | 29.30 | 27.78 | 24.87 | 15.54 | 18.38 | 21.24 |
| EBITDA margin | +24.7% | +23.8% | +24.7% | +24.6% | +24.4% | +19.6% | +19.5% | +21.9% |
| Depreciation | 0.59 | 7.28 | 7.22 | 5.79 | 5.64 | 5.48 | 3.88 | 2.44 |
| Interest | 0.60 | 0.35 | 0.28 | 0.24 | 0.23 | 0.18 | 0.13 | 0.09 |
| Profit before tax | 49.15 | 26.15 | 22.52 | 22.07 | 19.18 | 10.21 | 14.64 | 19.22 |
| Tax | 12.64 | 7.10 | 4.84 | 5.74 | 5.53 | 2.58 | 3.54 | 4.41 |
Financial Statements
| Particulars | Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 207 | 145 | 126 | 121 | 111 | 84.33 | 91.69 | 99.80 |
| Revenue growth (YoY) | +87.0% | +72.4% | +37.3% | +21.1% | +16.7% | -6.0% | - | - |
| Other income | 0.32 | 0.60 | 0.62 | 0.23 | 0.18 | 0.33 | 0.12 | 0.57 |
| EBITDA | 50.33 | 33.50 | 30.03 | 28.35 | 25.88 | 15.48 | 18.89 | 21.70 |
| EBITDA margin | +24.3% | +23.0% | +23.9% | +23.5% | +23.3% | +18.4% | +20.6% | +21.7% |
| Depreciation | 0.45 | 7.84 | 7.79 | 6.26 | 6.10 | 5.93 | 3.95 | 2.51 |
| Interest | 0.60 | 0.35 | 0.28 | 0.23 | 0.24 | 0.18 | 0.13 | 0.09 |
| Profit before tax | 49.60 | 25.91 | 22.58 | 22.09 | 19.72 | 9.70 | 14.93 | 19.67 |
| Tax | 13.05 | 7.10 | 4.94 | 5.59 | 5.48 | 2.54 | 3.69 | 4.46 |
| Net profit | 36.55 | 18.81 | 17.64 | 16.50 | 14.24 | 7.16 | 11.24 | 15.21 |
| EPS (₹) | 2.76 | 1.42 | 1.36 | 1.28 | 1.10 | 0.55 | 0.87 | 1.18 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 442 | 376 | 318 | 269 | 241 | 145 | 144 |
| Revenue growth | +17.5% | +18.3% | +18.0% | +11.9% | +66.3% | +0.3% | - |
| Other income | 1.36 | 2.53 | 3.84 | 0.04 | 0.61 | 0.06 | 2.59 |
| Total expenses | 342 | 297 | 256 | 219 | 194 | 124 | 128 |
| Employee cost | 41.31 | 33.79 | 26.20 | 23.15 | 17.52 | 13.14 | 12.67 |
| EBITDA | 100 | 79.63 | 62.31 | 50.17 | 47.04 | 20.96 | 16.51 |
| EBITDA margin | +22.7% | +21.2% | +19.6% | +18.6% | +19.5% | +14.5% | +11.4% |
| Depreciation | 26.08 | 11.27 | 6.26 | 5.22 | 4.18 | 3.78 | 3.92 |
| Interest | 1.52 | 0.94 | 2.63 | 3.76 | 6.61 | 9.20 | 11.62 |
| Profit before tax | 74.09 | 69.95 | 57.26 | 41.23 | 36.86 | 8.04 | 3.56 |
| Tax | 18.55 | 17.45 | 15.52 | 11.07 | 9.36 | 2.04 | (1.14) |
| Net profit | 55.56 | 52.64 | 41.75 | 32.46 | 27.19 | 7.22 | 8.27 |
| Net profit margin | +12.6% | +14.0% | +13.1% | +12.1% | +11.3% | +5.0% | +5.7% |
| EPS (₹) | 4.20 | 4.06 | 3.23 | 2.64 | 12.03 | 2.63 | 2.05 |
| 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 | 26.47 | 25.86 | 25.86 | 22.86 | 22.86 | 22.86 | 22.86 |
| Reserves & surplus | 421 | 317 | 267 | 91.23 | 63.36 | 35.85 | 29.84 |
| Shareholders' funds (net worth) | 447 | 342 | 293 | 114 | 86.22 | 58.71 | 52.70 |
| Minority interest | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Secured loans | 1.07 | 0.58 | 0.12 | 37.95 | 35.13 | 44.96 | 42.67 |
| Unsecured loans | 7.83 | 0.00 | 0.00 | 7.06 | 4.00 | 8.11 | 20.79 |
| Total debt | 8.90 | 0.58 | 0.12 | 45.01 | 39.13 | 53.07 | 63.46 |
| Total liabilities | 456 | 343 | 293 | 160 | 126 | 113 | 117 |
| Assets | |||||||
| Gross block | 330 | 263 | 161 | 128 | 113 | 106 | 103 |
| Net block | 213 | 172 | 82.97 | 56.31 | 46.11 | 43.26 | 44.39 |
| Capital work in progress | 23.10 | 9.84 | 5.42 | 0.64 | 6.61 | 0.26 | 0.00 |
| Investments | 0.01 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Inventories | 83.72 | 66.68 | 58.94 | 56.01 | 35.82 | 34.32 | 31.75 |
| Sundry debtors | 130 | 117 | 94.72 | 66.97 | 52.61 | 33.78 | 28.32 |
| Cash & bank balances | 69.65 | 26.75 | 106 | 6.25 | 8.33 | 3.59 | 4.80 |
| Loans & advances | 39.52 | 29.17 | 20.69 | 25.21 | 32.20 | 43.74 | 41.98 |
| Total current assets | 323 | 239 | 280 | 154 | 129 | 115 | 107 |
| Total current liabilities | 108 | 81.99 | 80.98 | 53.61 | 57.10 | 48.91 | 40.07 |
| Net working capital | 215 | 157 | 199 | 101 | 71.86 | 66.52 | 66.78 |
| Total assets | 456 | 343 | 293 | 160 | 126 | 113 | 117 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 26.30 | 76.50 | 6.13 | 8.33 | 3.59 | 4.80 | 2.67 |
| Net cash from operating activities | 65.84 | 26.58 | 44.09 | 7.22 | 32.06 | 12.09 | 12.86 |
| Net cash from investing activities | (120) | (73.65) | (64.02) | (9.45) | (13.39) | (2.91) | (1.21) |
| Net cash from financing activities | 46.83 | (3.13) | 90.30 | 0.16 | (13.94) | (10.39) | (9.51) |
| Net change in cash | (7.31) | (50.20) | 70.37 | (2.08) | 4.74 | (1.21) | 2.13 |
| Closing cash | 69.65 | 26.75 | 106 | 6.25 | 8.33 | 3.59 | 4.80 |
| 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 | +17.5% | +18.3% | +18.0% | +11.9% | +66.3% | +0.3% | - |
| EBITDA growth | +26.0% | +27.8% | +24.2% | +6.7% | +124.4% | +27.0% | - |
| PBT growth | +5.9% | +22.2% | +38.9% | +11.9% | +358.5% | +125.8% | +9997.0% |
| Net income growth | +5.6% | +26.1% | +28.6% | +19.4% | +276.6% | -12.7% | - |
| Revenue CAGR (3Y) | +17.9% | +16.0% | +30.0% | +23.1% | - | - | - |
| EBITDA CAGR (3Y) | +26.0% | +19.2% | +43.8% | +44.8% | - | - | - |
| Profitability & leverage | |||||||
| Net income margin | +12.6% | +14.0% | +13.1% | +11.2% | +11.4% | +4.1% | +3.3% |
| Return on capital employed | +18.9% | +22.3% | +26.4% | +31.4% | +36.4% | +16.4% | +16.0% |
| Return on net worth | +14.1% | +16.5% | +20.5% | +30.1% | +38.0% | +13.0% | +15.7% |
| Debt / equity | 0.01 | 0.00 | 0.11 | 0.42 | 0.64 | 1.05 | 1.20 |
| Long-term debt / equity | 0.01 | 0.00 | 0.05 | 0.20 | 0.29 | 0.58 | 0.71 |
| Interest cover | 2.05 | 1.38 | 4.69 | 8.36 | 15.42 | 53.55 | 92.30 |
| Efficiency & per share | |||||||
| Fixed asset turnover | 1.49 | 1.78 | 2.20 | 2.24 | 2.21 | 1.39 | 1.46 |
| Inventory turnover | 5.88 | 5.99 | 5.53 | 5.87 | 6.87 | 4.38 | 4.72 |
| Debtors turnover | 3.59 | 3.56 | 3.93 | 4.51 | 5.57 | 4.66 | 5.30 |
| EPS (₹) | 4.20 | 4.06 | 3.23 | 2.64 | 12.03 | 2.63 | 2.05 |
| Dividend per share (₹) | 0.40 | 0.30 | 0.25 | 0.20 | 0.00 | 0.00 | 0.00 |
| Book value per share (₹) | 33.80 | 26.48 | 22.67 | 9.98 | 37.71 | 25.68 | 23.05 |
| Particulars | Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 202 | 139 | 119 | 113 | 102 | 79.19 | 94.23 | 96.89 |
| Revenue growth (YoY) | +98.6% | +75.5% | +26.1% | +16.3% | +8.8% | -10.3% | - | - |
| Other income | 0.49 | 0.76 | 0.72 | 0.32 | 0.18 | 0.33 | 0.27 | 0.51 |
| Total expenses | 152 | 106 | 89.52 | 84.93 | 76.89 | 63.65 | 75.85 | 75.65 |
| EBITDA | 49.85 | 33.02 | 29.30 | 27.78 | 24.87 | 15.54 | 18.38 | 21.24 |
| EBITDA margin | +24.7% | +23.8% | +24.7% | +24.6% | +24.4% | +19.6% | +19.5% | +21.9% |
| Depreciation | 0.59 | 7.28 | 7.22 | 5.79 | 5.64 | 5.48 | 3.88 | 2.44 |
| Interest | 0.60 | 0.35 | 0.28 | 0.24 | 0.23 | 0.18 | 0.13 | 0.09 |
| Profit before tax | 49.15 | 26.15 | 22.52 | 22.07 | 19.18 | 10.21 | 14.64 | 19.22 |
| Tax | 12.64 | 7.10 | 4.84 | 5.74 | 5.53 | 2.58 | 3.54 | 4.41 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 412 | 373 | 318 | 269 | 241 | 145 | 144 |
| Revenue growth | +10.6% | +17.3% | +18.0% | +11.9% | +66.4% | +0.3% | - |
| Other income | 1.55 | 2.39 | 3.84 | 0.04 | 0.61 | 0.06 | 2.59 |
| Total expenses | 314 | 294 | 256 | 219 | 194 | 124 | 128 |
| Employee cost | 38.02 | 32.13 | 26.20 | 23.15 | 17.52 | 13.14 | 12.67 |
| EBITDA | 98.08 | 78.67 | 62.31 | 50.17 | 47.14 | 21.06 | 16.53 |
| EBITDA margin | +23.8% | +21.1% | +19.6% | +18.6% | +19.6% | +14.6% | +11.5% |
| Depreciation | 24.13 | 11.00 | 6.26 | 5.22 | 4.18 | 3.78 | 3.92 |
| Interest | 1.52 | 0.92 | 2.63 | 3.76 | 6.63 | 9.29 | 11.62 |
| Profit before tax | 73.98 | 69.14 | 57.26 | 41.23 | 36.94 | 8.05 | 3.58 |
| Tax | 18.69 | 17.25 | 15.52 | 11.07 | 9.35 | 2.04 | (1.13) |
| Net profit | 55.31 | 52.25 | 41.75 | 32.46 | 27.28 | 7.23 | 8.28 |
| Net profit margin | +13.4% | +14.0% | +13.1% | +12.1% | +11.3% | +5.0% | +5.7% |
| EPS (₹) | 4.18 | 4.01 | 3.23 | 2.64 | 12.06 | 2.63 | 2.06 |
| 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 | 26.47 | 25.86 | 25.86 | 22.86 | 22.86 | 22.86 | 22.86 |
| Reserves & surplus | 420 | 316 | 267 | 91.32 | 63.45 | 35.88 | 29.86 |
| Shareholders' funds (net worth) | 447 | 342 | 293 | 114 | 86.31 | 58.74 | 52.72 |
| Secured loans | 1.07 | 0.58 | 0.12 | 37.95 | 35.13 | 44.96 | 42.67 |
| Unsecured loans | 7.83 | 0.00 | 0.00 | 7.06 | 4.00 | 8.11 | 20.79 |
| Total debt | 8.90 | 0.58 | 0.12 | 45.01 | 39.13 | 53.07 | 63.46 |
| Total liabilities | 455 | 343 | 293 | 160 | 126 | 113 | 117 |
| Assets | |||||||
| Gross block | 299 | 236 | 161 | 128 | 113 | 106 | 103 |
| Net block | 188 | 149 | 82.97 | 56.31 | 46.11 | 43.26 | 44.39 |
| Capital work in progress | 21.87 | 8.88 | 5.42 | 0.64 | 6.61 | 0.26 | 0.00 |
| Investments | 27.81 | 27.80 | 0.19 | 0.19 | 0.10 | 0.10 | 0.10 |
| Inventories | 79.30 | 59.30 | 58.94 | 56.01 | 35.82 | 34.32 | 31.75 |
| Sundry debtors | 125 | 121 | 94.65 | 66.96 | 52.61 | 33.93 | 28.32 |
| Cash & bank balances | 69.04 | 25.35 | 105 | 6.18 | 8.31 | 3.42 | 4.72 |
| Loans & advances | 37.60 | 26.77 | 20.69 | 25.21 | 32.20 | 43.75 | 41.98 |
| Total current assets | 311 | 232 | 280 | 154 | 129 | 115 | 107 |
| Total current liabilities | 103 | 80.19 | 80.75 | 53.63 | 57.08 | 48.94 | 40.05 |
| Net working capital | 207 | 152 | 199 | 101 | 71.86 | 66.48 | 66.72 |
| Total assets | 455 | 343 | 293 | 160 | 126 | 113 | 117 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 24.90 | 76.26 | 6.18 | 8.31 | 3.42 | 4.72 | 2.67 |
| Net cash from operating activities | 67.21 | 29.70 | 43.93 | 7.26 | 32.22 | 12.00 | 12.87 |
| Net cash from investing activities | (120) | (77.95) | (64.14) | (9.55) | (13.38) | (2.91) | (1.31) |
| Net cash from financing activities | 46.83 | (3.12) | 90.30 | 0.16 | (13.94) | (10.39) | (9.51) |
| Net change in cash | (6.45) | (51.36) | 70.08 | (2.13) | 4.89 | (1.30) | 2.05 |
| Closing cash | 69.04 | 25.35 | 105 | 6.18 | 8.31 | 3.42 | 4.72 |
| 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 | +10.6% | +17.3% | +18.0% | +11.9% | +66.4% | +0.3% | - |
| EBITDA growth | +24.7% | +26.3% | +24.2% | +6.4% | +123.8% | +27.4% | - |
| PBT growth | +7.0% | +20.8% | +38.9% | +11.6% | +358.9% | +124.9% | -28.1% |
| Net income growth | +5.9% | +25.2% | +28.6% | +19.0% | +277.3% | -12.7% | - |
| Revenue CAGR (3Y) | +15.3% | +15.7% | +30.0% | +23.1% | +18.5% | +5.9% | - |
| EBITDA CAGR (3Y) | +25.0% | +18.6% | +43.6% | +44.8% | +25.9% | +11.3% | - |
| Profitability & leverage | |||||||
| Net income margin | +13.4% | +13.9% | +13.1% | +11.2% | +11.5% | +4.2% | +3.3% |
| Return on capital employed | +18.9% | +22.0% | +26.4% | +31.4% | +36.4% | +16.5% | +15.3% |
| Return on net worth | +14.0% | +16.3% | +20.5% | +30.1% | +38.0% | +13.0% | +16.5% |
| Debt / equity | 0.01 | 0.00 | 0.11 | 0.42 | 0.64 | 1.05 | 1.36 |
| Long-term debt / equity | 0.01 | 0.00 | 0.05 | 0.20 | 0.39 | 0.65 | 0.78 |
| Interest cover | 2.06 | 1.36 | 4.69 | 8.36 | 15.43 | 53.76 | 92.15 |
| Efficiency & per share | |||||||
| Fixed asset turnover | 1.54 | 1.88 | 2.20 | 2.24 | 2.21 | 1.39 | 1.41 |
| Inventory turnover | 5.95 | 6.31 | 5.53 | 5.87 | 6.87 | 4.38 | 5.23 |
| Debtors turnover | 3.36 | 3.46 | 3.93 | 4.51 | 5.57 | 4.65 | 5.41 |
| EPS (₹) | 4.18 | 4.01 | 3.23 | 2.64 | 12.06 | 2.63 | 2.06 |
| Dividend per share (₹) | 0.40 | 0.30 | 0.25 | 0.20 | 0.00 | 0.00 | 0.00 |
| Book value per share (₹) | 33.74 | 26.44 | 22.68 | 9.99 | 37.75 | 25.69 | 23.06 |
To see the full year-wise statements and ratios of Aeroflex Industries Limited, buy the company report.
Board of directors of Aeroflex Industries Limited
Aeroflex Industries has 7 current directors and 25 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Mustafa Abid Kachwala Also directs: Hyd-Air Engineering Pvt Ltd | Whole-Time Director | 07 May 2010 | 16 Years 5 Months | Current |
| Asad Daud Also directs: Aeroflex Enterprises Limited, Aeroflex Finance Private Limited, Aeroflex Neu Limited and 4 more | Managing Director | 15 Oct 2019 | 7 Years 0 Months | Current |
| Harikant Ganeshlal Turgalia Also directs: Aeroflex Enterprises Limited, Aeroflex Finance Private Limited, Aeroflex Neu Limited and 2 more | Director | 15 Oct 2019 | 7 Years 0 Months | Current |
| Ramesh Chandra Soni Also directs: Aeroflex Finance Private Limited | Director | 15 Oct 2019 | 7 Years 0 Months | Current |
| Arpit Khandelwal Also directs: Aeroflex Enterprises Limited, Hyd-Air Engineering Pvt Ltd | Director | 28 Nov 2022 | 3 Years 11 Months | Current |
| Partha Sarathi Sarkar Also directs: Aeroflex Enterprises Limited, Atlas Equifin Private Limited | Director | 05 Aug 2022 | 4 Years 2 Months | Current |
Peer comparison
Aeroflex Industries Limited is compared with the 4 companies closest to it by revenue in the Machinery and Equipment industry (Tools and Components), with the same principal business activity (metal and metal products), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Aeroflex Industries Limitedthis company | ₹441.94 Cr (FY 2026) | ₹55.56 Cr | 12.6% | 17.5% | Panvel, Maharashtra, India | |
| Sahney Commutators Private Limited | ₹386.8 Cr (FY 2025) | 18.0% | Bangalore, Karnataka, India | |||
| Astrotech Steels Private Limited | ₹383.38 Cr (FY 2025) | -4.0% | Chennai, Tamil Nadu, India | |||
| Him Teknoforge Limited | ₹375.92 Cr (FY 2024) | -9.0% | Baddi, Himachal Pradesh, India | |||
| Atharva Foundries Private Limited | ₹372.25 Cr (FY 2025) | -19.0% | Pune, Maharashtra, India |
To see the full peer comparison of Aeroflex Industries Limited, buy the company report.
Auditor
Aeroflex Industries Limited is audited by M/s Seth and Seth for the financial year 2024.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| M/s Seth and Seth | FY 2024 | 014842N |
Shareholding
Shareholding for the quarter ended Sep 2026: promoters hold 65.50%, foreign institutional investors hold 3.60%, domestic institutional investors hold 1.50% and retail and other public shareholders hold 29.40%.
| Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | |
|---|---|---|---|---|
| Promoters | 65.50% | 65.50% | 67.00% | 67.00% |
| Public | 34.50% | 34.50% | 33.00% | 33.00% |
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 12 Feb 2026 | 101235526 | Others | ₹54 Lakh | Open | |
| 18 Nov 2025 | 101191685 | Others | ₹27 Lakh | Open | |
| 04 Oct 2024 | 100982841 | Others | ₹32 Lakh | Open | |
| 20 Jun 2024 | 100974324 | Others | ₹32 Lakh | Open | |
| 10 Nov 2022 | 100641081 | Others | ₹26.25 Lakh | Open |
To see the full charge records of Aeroflex Industries Limited, buy the company report.
Total charge records: 23 View all charges
Deals & funding
Aeroflex Industries Limited has 37 deals on record (17 market trades, 14 secondary share transfers, 5 funding rounds), with disclosed funding of ₹46.26 Cr; the latest was in May 2026.
Deals on record (5 of 37)
To see the full deal history of Aeroflex Industries 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
Aeroflex Industries Limited has 14 court cases on record: 7 filed by Aeroflex Industries, 7 filed against it. 1 case is pending and 13 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 10 | 6 | 0 |
| District courts | 3 | 0 | 1 |
| Supreme Court | 1 | 1 | 0 |
Cases on record (5 of 14)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Supreme Court | Court case (2406-Indirect Taxation : Goods and Services Tax, Integrated Goods and Services Tax, State Goods and Services Tax, UT Goods and Services Tax.) | Filed against the company by Union of India and 97 others | Disposed |
| District court, Thane, Maharashtra | Court case (Sum.Civ.Suit) | Filed by the company against Mithraj Industries Through Its Proprietor Mr Himanshu Mishra | Pending |
| High Court, MAHARASHTRA | Writ petition | Filed by the company against Union of India Through the Secretary and Ors and 3 others | Disposed |
| Bombay High Court | Writ petition | Filed by the company against Union of India THR the Secretary and Ors | Disposed |
| District court, Mumbai CMM Courts, Maharashtra | Civil suit | Filed by the company against an individual | Disposed |
To see the full case history of Aeroflex Industries Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
Credit ratings & regulatory alerts
Aeroflex Industries Limited was last rated by Crisil on 06 Aug 2020.
| Rating agency | Rated on | Rating |
|---|---|---|
| Crisil | 06 Aug 2020 |
To see the full credit ratings and regulatory alerts of Aeroflex Industries Limited, buy the company report.
MSME payment delays
Aeroflex Industries Limited has 25 MSME Form 1 returns on record between 2019 and 2024, listing 619 overdue payments to 54 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 54)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | |||
| an individual supplier | |||
| Oswal Pumps Limited | |||
| an individual supplier | |||
| an individual supplier |
To see the full MSME payment records of Aeroflex Industries Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Group structure & subsidiaries
Aeroflex Industries has 2 associated companies. This group structure data is as of FY 2024. The table lists each entity with its relationship and holding.
GST
Aeroflex Industries has 15 GST registrations: 12 active and 3 cancelled or inactive. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AABCA0842N1ZO | Maharashtra | Active | 01 Jul 2017 |
| 27AACCA6767D1ZO | Maharashtra | Active | 01 Jul 2017 |
| 02AABCA0842N1Z0 | Himachal Pradesh | Active | 01 Jul 2017 |
| 03AABCA0842N1ZY | Punjab | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Aeroflex Industries Limited, buy the company report.
Recent activity
Aeroflex Industries Limited has 32 board changes on record since 2007: 7 appointments and 25 cessations. The latest: Arpit Khandelwal ceased to be Additional Director on 28 Feb 2023.
71 earlier events are in the company report.
News
Frequently asked questions
Aeroflex Industries is an active public limited company based in Panvel, Maharashtra, India. The company works in metalworking, within the metal and minerals industry. It was incorporated on 19 October 1993 (33+ years old) and is registered under CIN L27509MH1993PLC074576. Listed on BSE: 543972 and NSE: AEROFLEX.
Aeroflex Industries reported revenue of ₹441.94 Cr for FY 2025-26 (up 17.5% YoY) based on consolidated financials.
Aeroflex Industries has 7 current directors:
- Asad Daud - Managing Director
- Mustafa Abid Kachwala - Whole-Time Director
- Harikant Ganeshlal Turgalia - Director
- Ramesh Chandra Soni - Director
- Arpit Khandelwal - Director
- Partha Sarathi Sarkar - Director
- Shilpa Bhatia - Director
The latest financial statements of Aeroflex Industries on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 21 July 2026. Year-wise statements from 2015 are in the company report.
The GSTIN of Aeroflex Industries is 27AABCA0842N1ZO, registered in Maharashtra. The company has 15 GST registrations in all, of which 12 are active and 3 are cancelled or inactive. Other active GSTINs include 27AACCA6767D1ZO (Maharashtra), 02AABCA0842N1Z0 (Himachal Pradesh), 03AABCA0842N1ZY (Punjab).
The CIN (Corporate Identification Number) of Aeroflex Industries is L27509MH1993PLC074576. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Yes. Aeroflex Industries is a listed company as per MCA records. Its shares are listed on both BSE (code: 543972) and NSE (symbol: AEROFLEX).
Aeroflex Industries has 14 court cases on record: 7 filed by the company and 7 filed against it. 1 is pending. Most are in the high courts.
Aeroflex Industries was incorporated on 19 October 1993, making it 33+ years old. It is registered with the Registrar of Companies, Mumbai.
Aeroflex Industries has 37 deals on record (17 market trades, 14 secondary share transfers, 5 funding rounds), with disclosed funding of ₹46.26 Cr; the latest was in May 2026.
The peers of Aeroflex Industries by revenue are Sahney Commutators Private Limited, Astrotech Steels Private Limited, Him Teknoforge Limited, Atharva Foundries Private Limited, all in the Machinery and Equipment industry (Tools and Components), with the same principal business activity (metal and metal products).
Arpit Khandelwal ceased to be Additional Director on 28 Feb 2023. Arpit Khandelwal was appointed as Director on 28 Nov 2022. Partha Sarathi Sarkar ceased to be Additional Director on 03 Sep 2022. Aeroflex Industries has 32 board changes on record in total.

