Aeroflex Neu Limited (AERONEU)

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Aeroflex Neu Limited (AERONEU) · mywealthgrid

About

Aeroflex Neu Limited manufactures packaging products for the industrials sector. With a market capitalization of ₹217.98 crores, the company operates as a small-cap player with majority promoter ownership at 60.46%. Recent quarters show operational volatility with margin pressures and losses, though latest results indicate return to profitability.

Face value: ₹10

Market cap

₹182 Cr

P/E

191.6×

P/B

1.7×

Dividend yield

ROE

1.8%

ROCE

5.5%

Debt / equity

0.23

OPM

2.7%

EPS (TTM)

₹0.4

Book value

₹40.8

52-week high

—

52-week low

Key insights

Company research notes and source-linked reviews

Key risks

Extreme valuation: PE of 229.46 reflects near-zero recent earnings; price recovery depends entirely on credible margin and profitability improvements
Operating-margin vulnerability: OPM of 2.71% average and range from -0.86% to 6.48% indicate operational fragility; thin margins limit cushion against input-cost inflation
Capital efficiency: ROE of 1.76% reflects minimal returns on shareholder equity; verify whether management has a credible path to improve returns
Earnings instability: Mar 2026 quarters showed losses (EPS -0.35, OPM -0.86%) after profitable quarters; clarify root causes and predictability of future earnings

Generated analysis · source review pending

Growth drivers

Margin recovery visible in Jun 2026 (OPM 3.31–3.4%) vs Mar 2026 (-0.86%); verify if structural operational improvement or temporary relief
Low D/E of 0.23 provides capital headroom for growth capex or working-capital expansion if earnings stabilize
Return to profitability: Jun 2026 net profit ₹0.05–0.08 Cr after Mar 2026 losses; verify sustainability
Revenue at ₹22–34 Cr quarterly range; verify if market-sustainable demand or capacity underutilization

Generated analysis · source review pending

913 historical price candles were omitted because the exchange source has not been verified.

₹70.6-3.3%1Y

Quick read

rule-based

Pros

+High promoter holding of 60.5% with no pledge

Cons

−Low return on equity of 1% (3-yr avg)
−Thin operating margin of 2.7%
−Profit declined 20.9% a year over the last 3 years
−Expensive at 191.6× trailing earnings

Research score

Structured signal from quality, growth, valuation and momentum.

18/100

Business quality: 20
Growth: 11
Valuation

Revenue & net profit

₹ crore, by fiscal year

RevenuePAT

Margins

% of revenue, by fiscal year

OPMPAT margin

Peers

Comparable companies from the narrowest available industry classification.

Screen this industry Compare top 5 side-by-side

Company	Mkt Cap	EV	Revenue	EBITDA	OPM	PAT	NPM	ROCE	ROE	WC Days
Epl LimitedEPLEPL	₹7,443 Cr	₹8,152 Cr	₹5,043 Cr	₹1,000 Cr	20.3%	₹388 Cr	8.3%	19.5%	14.9%	97
Agi Greenpac LimitedAGIAGI	₹5,116 Cr	₹5,355 Cr	₹2,763 Cr	₹628 Cr	22.3%	₹362 Cr	13.2%	18.6%	15.6%	188
Uflex LimitedUFLEXUFLEX	₹4,692 Cr	₹14,545 Cr	₹16,866 Cr	₹2,302 Cr	12.2%	₹682 Cr	2.1%	8.6%	4.1%	89
Tcpl Packaging LimitedTCPLPACKTCPLPACK	₹3,574 Cr	₹4,148 Cr	₹1,872 Cr	₹299 Cr	16.2%	₹115 Cr	5.4%	22.4%	14.4%	98
Polyplex Corporation LimitedPOLYPLEXPOLYPLEX	₹3,228 Cr	₹4,145 Cr	₹7,601 Cr	₹592 Cr	4.9%	₹155 Cr	0.6%	1.1%	1.1%	147
Jindal Poly Films LimitedJINDALPOLYJINDALPOLY	₹2,863 Cr	₹6,866 Cr	₹2,152 Cr	₹-613 Cr	-20.2%	₹-989 Cr	-36.6%	-2%	-29.6%	81
Xpro India LimitedXPROINDIAXPROINDIA	₹2,670 Cr	₹2,959 Cr	₹535 Cr	₹50 Cr	6.3%	₹33 Cr	3.9%	3.9%	2.8%	80
Knack Packaging LimitedKNACKKNACK	₹2,211 Cr	₹2,404 Cr	₹736 Cr	₹133 Cr	18.1%	₹74 Cr	10%	47.1%	41.5%	—
Mold-Tek Packaging LimitedMOLDTKPACMOLDTKPAC	₹2,187 Cr	₹2,231 Cr	₹631 Cr	₹121 Cr	19.1%	₹64 Cr	10.1%	24.3%	17.9%	148
Cosmo First LimitedCOSMOFIRSTCOSMOFIRST	₹2,166 Cr	₹3,752 Cr	₹4,004 Cr	₹428 Cr	10.5%	₹167 Cr	4.3%	11.6%	10.1%	10
Huhtamaki India LimitedHUHTAMAKIHUHTAMAKI	₹1,757 Cr	₹1,859 Cr	₹2,610 Cr	₹225 Cr	7.7%	₹136 Cr	4.8%	12.3%	9.5%	26
Arrow Greentech LimitedARROWGREENARROWGREEN	₹1,306 Cr	₹1,306 Cr	₹247 Cr	₹86 Cr	32.2%	₹64 Cr	23.6%	30.4%	22.4%	141

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Financials

Reported profit and loss, balance sheet, cash flow and growth history.

Annual Quarterly

Consolidated Standalone

Consolidated figures · ₹ crore

₹ Cr	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	81	95	109	129	129
COGS	56	57	66	75	79
Gross profit	24	38	44	54	50
	17	31	39	50	47
	7	7	5	4	4
OPM %	8.7%	7.3%	4.3%	3.2%	2.7%
Depreciation	1	1	2	3	3
Interest	1	2	3	3	2
	1	2	2	2	5
Profit before tax	5	5	1	0	3
Tax	1	1	0	0	1
Tax %	20.4%	26.6%	31.9%	39.5%	42.2%
	4	4	1	0	2
PAT margin %	5.4%	3.9%	0.9%	0.2%	1.4%
EPS (₹)	2.8	2.1	0.4	0.1	0.7
EPS adjusted (₹)	2.8	1.3	0.3	0.1	0.7
	0%	23.8%	0%	0%	—
Annual report	—	Annual report for Mar 2023	Annual report for Mar 2024	Annual report for Mar 2025	Annual report for Mar 2026

₹ Cr	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity capital	16	16	26	26	26	26
Reserves	—	8	62	61	61	79
Minority interest	—	3	—	—	—	—
	—	30	25	31	28	24
	—	12	14	14	12	15
Total equity & liabilities	—	69	126	132	128	145
	14	19	47	51	55	53
CWIP	—	7	1	1	0	0
Investments	—	0	0	0	0	0
	—	43	78	80	73	92
Total assets	—	69	126	132	128	145

₹ Cr	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	-1	-17	0	8	3
	-11	-24	-5	-6	-0
	11	46	-5	-5	11
Net cash flow	-0	5	-10	-3	14
Free cash flow	-2	-47	-6	2	2
CFO / Operating profit %	-11.3%	-245%	4.1%	185.8%	82.6%

Segment results

As reported in NSE results XBRL. Segment result is before tax and finance costs. ROCE uses that annual result divided by segment assets less liabilities.

Source XBRL ↗

Latest reported period · 31 Mar 2026 · ₹ crore

Segment	Revenue	Result	Assets	Liabilities	Capital employed	ROCE %
Flexible Packaging Solution Activity	125.65	-2.36	117.14	37.35	79.79	-2.96
Engineering Activity	2.4	2.21

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Ratios

Annual operating, return, leverage and working-capital ratios.

Consolidated Standalone

Consolidated figures

Ratio	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	30%	39.9%	40%	42.1%	39.1%
EBITDA margin %	8.7%	7.3%	4.3%	3.2%	2.7%
EBIT margin %	7.5%	5.8%	2.1%	1.1%	0.4%
PAT margin %	5.4%	3.9%	0.9%	0.2%	1.4%
Working capital
Receivable days	63	62	74	60	65
Inventory days	101	162	167	166	139
Payable days	51	52	49	38	42
NWC days	113	172	191	189	162
Leverage
Current ratio	1.05	2.69	2.18	2.06	2.58
Debt to EBITDA	4.34	3.61	6.54	6.95	6.9
Debt to equity	1.27	0.29	0.35	0.32	0.23
Interest coverage	5.4	3.3	1.4	1.1	2.3
Asset turnover	1.17	0.76	0.83	1.01	0.89
Return ratios
Return on assets %	6.4%	3%	0.7%	0.2%	1.2%
Return on capital employed %	22.8%	11.6%	4.8%	3.8%	5.5%
Return on equity %	18.2%	4.3%	1.1%	0.3%	1.7%

Derived from reported annual statements. ROCE uses EBIT over capital employed (total assets less current liabilities). Day counts average the opening and closing balance; receivables turn on revenue, inventory and payables on cost of goods sold.

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Shareholding

Quarterly ownership, named holders, insider transactions and disclosed deals.

Quarterly Annual

Every quarter filed · % of equity

Holder (%)	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	60.46%	60.46%	60.46%	60.46%	60.46%	60.46%	60.46%	60.46%	60.46%	60.46%	60.46%	60.46%
	4.19%	3.58%	3.15%	3.63%	3.64%	3.63%	3.63%	3.63%	3.67%	3.69%	4.12%	4.12%
	0%	0%	0%	0%	0%	0.04%	0.04%	0.39%	0.39%	0.39%	0.39%	0.39%
Government	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
	35.35%	35.96%	36.39%	35.91%	35.9%	35.87%	35.87%	35.52%	35.48%	35.46%	35.03%	35.03%
No. of shareholders	—	—	—	—	—	—	—	—	6,104	6,031	5,881	5,881

Promoter holding up 0 percentage points since Sep 2023.

6 deals · 31 Jan 2023 – 1 Jun 2026

Date	Client	Type	Venue	Side	Quantity	Price	Value
1 Jun 2026	SIDDHISURI FINVEST PRIVATE LIMITED	Bulk	NSE	Buy	1,57,000	₹90.50	₹1.42 Cr
1 Jun 2026	JAINAM BROKING LIMITED	Bulk	NSE	Sell	1,57,000	₹90.50	₹1.42 Cr
14 Oct 2025	L7 HITECH PRIVATE LIMITED	Bulk	NSE	Sell	1,31,799	₹75.99	₹1.00 Cr
14 Oct 2025	L7 HITECH PRIVATE LIMITED	Bulk	NSE	Buy	4,000	₹73.97	₹0.03 Cr
31 Jan 2023	VEENA RAJESH SHAH	Bulk	BSE	Buy	1,55,505	₹87.23	₹1.36 Cr
31 Jan 2023	VEENA RAJESH SHAH	Bulk	BSE	Sell	42,704	₹86.04	₹0.37 Cr

1–6 of 6

1 / 1

Bulk deals are a client trading over 0.5% of the equity in a session, aggregated across their trades; block deals are single negotiated trades in the exchange’s block window. Each is reported by the exchange it was crossed on, so NSE and BSE rows are separate trades rather than the same trade twice.

Mr. Hakim Sadiq Ali TidiwalaExecutive Director-Chairperson
Mr. Asad DaudNon-Executive - Non Independent Director
Mr. Harikant Ganeshlal TurgaliaNon-Executive - Non Independent Director
Mr. Sanjay SutharNon-Executive - Independent Director
Mr. Nikhi Khanderao RautNon-Executive - Independent Director
Ms. Asha JainNon-Executive - Independent Director
Mr. Arpit KalaniNon - Executive Independent Director
Mr. Tapan Tanmay KothariNon - Executive Independent Director
Ms. Bhagyashree Mohan KambleCompliance Officer

Current officeholders as filed with BSE. A person holding two offices is listed once per office.

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F&O

Current futures and options contracts with compact option-chain pages.

Not in the F&O segment

Only about 210 stocks have listed futures and options. Contracts appear here for those, refreshed after each close.

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Fund holders

Mutual-fund schemes that disclosed a holding in the company.

No fund holdings on record

No scheme among the 32 fund houses on record reported a position in Aeroflex Neu Limited. Portfolios are published monthly by each AMC; coverage is still partial.

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Documents

Annual reports, exchange filings, offer documents, ratings and earnings-call material.

Announcements

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Events

Upcoming dates and the company’s corporate-action history.

1

Final dividend7 Jul 2023 · ex-date₹0.5

1

Board meeting to consider results29 Jul 2026

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Announcements

Latest exchange announcements, filings and downloadable documents.

1 month 3 months 6 months 1 year All

27 announcementsExport CSV

30 Sept 2026, 4:04 pmCompany Update

Announcement under Regulation 30 (LODR)-Newspaper Publication

Newspaper Publication PDF

29 Sept 2026, 4:23 pmAGM/EGM

Intimation Of Extraordinary General Meeting And Remote E-Voting Schedule

EGM PDF

28 Sept 2026, 5:37 pmInsider Trading / SAST

Closure of Trading Window

Closure of Trading Window PDF

18 Sept 2026, 1:40 pmInsider Trading / SAST

Closure of Trading Window

Closure of Trading Window PDF

18 Sept 2026, 1:19 pmBoard Meeting

Board Meeting Intimation for Exploring New Business Avenues And Expansion / Diversification Of Existing Activities

Exchange filing PDF

8 Sept 2026, 7:06 pmCompany Update

Announcement Under Regulation 30 Of LODR- Update

General PDF

25 Aug 2026, 6:37 pmCompany Update

Modification In The First Object Of The Preferential Issue As Stated In The Notice Of Extra-Ordinary General Meeting Dated May 14, 2025.

General PDF

25 Aug 2026, 6:32 pmCompany Update

Announcement under Regulation 30 (LODR)-Change in Management

Change in Management PDF

Date	Category	Subject	Filing
30 Sept 2026, 4:04 pm	Company Update Newspaper Publication	Announcement under Regulation 30 (LODR)-Newspaper Publication	PDF
29 Sept 2026, 4:23 pm	AGM/EGM EGM	Intimation Of Extraordinary General Meeting And Remote E-Voting Schedule

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Aeroflex Neu Limited

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Segment results

Ratios

Shareholding

F&O

Not in the F&O segment

Fund holders

No fund holdings on record

Documents

Announcements

Events

1

1

Announcements

1

1

Not in the F&O segment

No fund holdings on record

Announcements

Annual reports

Credit ratings

Segment results

Compounded sales growth

Compounded profit growth

Return on equity

Engineering Activity · revenue

Aeroflex Neu Limited

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Profit & loss

Balance sheet

Cash flow

Segment results

Ratios

Ratio timeline

Shareholding

Quarterly record

Bulk & block deals

Board and management

F&O

Not in the F&O segment

Fund holders

No fund holdings on record

Documents

Announcements

Events

Dividends1

Board meetings1

Announcements

Dividends1

Board meetings1

Ratio timeline

Quarterly record

Bulk & block deals

Board and management

Not in the F&O segment

No fund holdings on record

Announcements

Annual reports

Credit ratings

Profit & loss

Balance sheet

Cash flow

Segment results

Compounded returns

Compounded sales growth

Compounded profit growth

Return on equity

Engineering Activity · revenue

1

1

1

1