Aerpace Industries Ltd (AERPACE)

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Aerpace Industries Ltd (AERPACE) · mywealthgrid

About

Aerpace Industries manufactures Iron & Steel Products within the Industrials sector. With a market cap of ₹505.72 Cr, it is a micro-cap listed on BSE. Revenue has contracted sharply from ₹5.17 Cr (Mar 2020) to ₹0.01 Cr (Mar 2021), and the company is currently reporting substantial losses.

Face value: ₹1

Market cap

₹592 Cr

P/E

—

P/B

13.9×

Dividend yield

ROE

-25.8%

ROCE

-15.7%

Debt / equity

0.61

OPM

-508.4%

EPS (TTM)

₹0.0

Book value

₹2.8

52-week high

—

52-week low

Key insights

Company research notes and source-linked reviews

Key risks

Revenue collapse from ₹5.17 Cr (Mar 2020) to ₹0.01 Cr (Mar 2021) signals severe operational breakdown. Verify whether capacity has been shut, idled, or operations exited key markets.
Operating margin of -102.54% and ROE of -15.77% indicate the business is destroying shareholder value at current scale. Verify if the cost structure can be restored or if the model is fundamentally broken.
Zero institutional ownership (0% FII/DII) combined with micro-cap scale creates liquidity and concentration risk. Verify depth of trading liquidity and extent of public float.
Dependence on Iron & Steel sector recovery. Verify sector demand trends, the company's competitive position, and order book visibility.

Generated analysis · source review pending

Growth drivers

Revenue stabilization from ₹0.01 Cr (Mar 2021) lows: recent results announced 2026-08-11 should reveal if top line is rebounding; verify current quarter trends.
Zero debt (D/E = 0) removes solvency pressure and allows operational restructuring without covenant constraints. Verify if management is executing cost reductions or capacity optimization.
Iron & Steel sector demand recovery in India: verify if infrastructure, automotive, or construction capex is rebounding and whether the company can capture incremental volume.
Margin recovery if volumes increase from ₹0.01 Cr: the -102.54% OPM reflects high fixed-cost burden at low volumes; verify breakeven revenue and cost structure flexibility.

Generated analysis · source review pending

1,576 historical price candles were omitted because the exchange source has not been verified.

₹38.5-0.1%1Y

Quick read

rule-based

Pros

No positive flags triggered.

Cons

−Low return on equity of -18.9% (3-yr avg)
−Revenue shrank over the last 5 years (-0.7% a year)
−Weak interest coverage of -9.6×
−Trading at 13.9× book value

Research score

Structured signal from quality, growth, valuation and momentum.

16/100

Business quality: 14
Growth: 0
Valuation: 33

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
Welspun Corp LimitedWELCORPWELCORP	₹68,741 Cr	₹70,904 Cr	₹17,300 Cr	₹2,403 Cr	13.3%	₹2,309 Cr	9.7%	19.2%	19.4%	85
Apl Apollo Tubes LimitedAPLAPOLLOAPLAPOLLO	₹58,753 Cr	₹59,205 Cr	₹22,897 Cr	₹1,841 Cr	7.8%	₹1,229 Cr	5.2%	30.8%	25.3%	-12
Shyam Metalics And Energy LimitedSHYAMMETLSHYAMMETL	₹29,244 Cr	₹30,225 Cr	₹19,574 Cr	₹2,519 Cr	12.6%	₹860 Cr	5.7%	13.5%	9.7%	8
Ratnamani Metals & Tubes LimitedRATNAMANIRATNAMANI	₹18,362 Cr	₹18,666 Cr	₹4,314 Cr	₹732 Cr	16.9%	₹433 Cr	11.9%	17.8%	12.5%	210
Jindal Saw LimitedJINDALSAWJINDALSAW	₹17,286 Cr	₹21,976 Cr	₹18,263 Cr	₹1,941 Cr	12.4%	₹653 Cr	5.2%	11.4%	8.1%	159
Usha Martin LimitedUSHAMARTUSHAMART	₹14,982 Cr	₹15,128 Cr	₹3,837 Cr	₹768 Cr	19.1%	₹507 Cr	12.6%	20%	15.4%	190
Godawari Power And Ispat LimitedGPILGPIL	₹14,517 Cr	₹14,943 Cr	₹5,808 Cr	₹1,263 Cr	23.3%	₹808 Cr	14.9%	20.1%	14.9%	73
Gallantt Ispat LimitedGALLANTTGALLANTT	₹12,793 Cr	₹13,340 Cr	₹4,437 Cr	₹655 Cr	16.2%	₹436 Cr	11%	19.2%	15.7%	58
Maharashtra Seamless LimitedMAHSEAMLESMAHSEAMLES	₹9,363 Cr	₹9,377 Cr	₹4,620 Cr	₹696 Cr	14.6%	₹737 Cr	15%	13.6%	10.6%	153
Jayaswal Neco Industries LimitedJAYNECOINDJAYNECOIND	₹8,863 Cr	₹10,960 Cr	₹7,589 Cr	₹1,409 Cr	18.6%	₹564 Cr	6.5%	22.9%	17.8%	151
Sunflag Iron And Steel Company LimitedSUNFLAGSUNFLAG	₹7,812 Cr	₹8,286 Cr	₹3,995 Cr	₹476 Cr	12.1%	₹206 Cr	5.1%	3.8%	2.3%	95
Man Industries (India) LimitedMANINDSMANINDS	₹6,912 Cr	₹7,411 Cr	₹3,875 Cr	₹532 Cr	12.3%	₹204 Cr	4.8%	18.4%	9.2%	114

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Financials

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

Annual Quarterly

Standalone figures · ₹ crore · years without a filed annual are summed from quarters

₹ Cr	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	—	—	—	—	15	2	0	0	1	2	2
COGS	—	—	—	-4	-15	2	0	0	0	0	0
Gross profit	—	—	—	—	—	0	—	—	—	—	—
	—	—	—	—	30	0	0	2	2	6	13
	—	—	—	—	-0	-0	-0	-2	-1	-5	-11
OPM %	—	—	—	—	-0.5%	-6.3%	—	—	-102.5%	-296.9%	-508.4%
Depreciation	—	—	—	—	—	0	0	0	0	1	2
Interest	—	—	—	—	—	0	0	0	0	0	1
	—	—	—	0	0	0	0	2	0	1	2
Profit before tax	0	0	0	0	0	0	-0	0	-1	-5	-12
Tax	—	—	—	—	—	0	0	0	0	-0	-0
Tax %	—	—	—	—	—	25%	0%	14.3%	0%	-2.4%	-1.8%
	0	-0	0	0	0	0	-0	0	-1	-5	-12
PAT margin %	—	—	—	—	1%	2.7%	—	—	-109.3%	-298.8%	-560.8%
EPS (₹)	0	-0	0	0	0.1	0	—	—	—	-0.3	-0.8
EPS adjusted (₹)	—	—	—	—	—	0	-0	0	-0.1	-0.3	-0.8
Annual report	Annual report for Mar 2016	Annual report for Mar 2017	Annual report for Mar 2018	Annual report for Mar 2019	Annual report for Mar 2020	Annual report for Mar 2021	Annual report for Mar 2022	Annual report for Mar 2023	Annual report for Mar 2024	Annual report for Mar 2025	—

₹ Cr	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity capital	3	3	3	14	15	15
Reserves	0	0	0	-1	35	27
	0	0	0	0	0	26
	0	0	2	2	17	17
Total equity & liabilities	4	4	5	15	68	85
	0	0	1	2	15	13
CWIP	—	—	—	—	13	26
Investments	3	0	0	8	8	8
	1	4	4	5	32	37
Total assets	4	4	5	15	68	85

₹ Cr	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	3	-3	-0	-1	-6	-9
	-3	3	0	-9	-36	-13
	—	0	-0	10	41	22
Net cash flow	—	-0	-0	0	-0	-0
Free cash flow	—	-3	-0	-1	-20	-23
CFO / Operating profit %	—	—	—	—	—	—

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Ratios

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

Standalone figures

Ratio	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	—	—	0.5%	—	—	—	—	—
EBITDA margin %	—	-0.5%	-6.3%	—	—	-102.5%	-296.9%	-508.4%
EBIT margin %	—	-0.5%	-6.3%	—	—	-128.8%	-367.3%	-606.5%
PAT margin %	—	1%	2.7%	—	—	-109.3%	-298.8%	-560.8%
Working capital
Receivable days	—	—	44	—	—	65	219	123
Inventory days	—	—	0	—	—	0	1	13
Payable days	—	—	38	—	—	116	101	84
NWC days	—	—	6	—	—	-51	119	53
Leverage
Current ratio	—	—	2.08	37.56	5.46	3.42	0.46	0.74
Debt to EBITDA	—	—	—	—	—	—	—	—
Debt to equity	—	—	0	0.02	0.07	0	0	0.61
Interest coverage	—	—	—	—	2.3	-11.9	-11.1	-9.6
Asset turnover	—	—	0.58	0	0	0.08	0.02	0.03
Return ratios
Return on assets %	—	—	1.6%	-3.4%	2.4%	-8.6%	-7.1%	-14.1%
Return on capital employed %	—	—	2.2%	-3.4%	6.2%	-13.1%	-11.9%	-15.7%
Return on equity %	—	—	1.7%	-3.5%	3.6%	-10.1%	-9.6%	-28.2%

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
	46.6%	50.72%	50.72%	50.72%	46.53%	46.6%	45.34%	45.35%	44.93%	44.74%	45.25%	45.25%
FII	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
DII	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
Government	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
	53.4%	49.28%	49.28%	49.28%	53.47%	53.4%	54.66%	54.65%	55.07%	55.26%	54.75%	54.75%
No. of shareholders	—	—	—	—	—	—	—	—	21,258	21,169	20,493	20,255

Promoter holding down 1.35 percentage points since Sep 2023.

50 deals · 3 Jan 2022 – 19 Feb 2025

Date	Client	Type	Venue	Side	Quantity	Price	Value
19 Feb 2025	MULTIPLIER SHARE & STOCK ADVISORS PRIVATE LIMITED	Bulk	BSE	Buy	8,69,262	₹26.04	₹2.26 Cr
22 Aug 2024	MULTIPLIER SHARE & STOCK ADVISORS PRIVATE LIMITED	Bulk	BSE	Buy	7,87,585	₹38.96	₹3.07 Cr
22 Aug 2024	MULTIPLIER SHARE & STOCK ADVISORS PRIVATE LIMITED	Bulk	BSE	Sell	14,130	₹38.95	₹0.06 Cr
21 Mar 2024	TOPGAIN FINANCE PRIVATE LIMITED	Bulk	BSE	Buy	11,05,000	₹10.73	₹1.19 Cr
11 Mar 2024	SAHASTRAA ADVISORS PRIVATE LIMITED	Bulk	BSE	Sell	7,72,398	₹12.08	₹0.93 Cr
15 Jan 2024	SHITANSHU BIPIN VORA	Bulk	BSE	Sell	7,66,410	₹6.17	₹0.47 Cr
29 Dec 2023	ANILKUMAR	Bulk	BSE	Sell	20,41,878	₹5.00	₹1.02 Cr
29 Dec 2023	SAHASTRAA ADVISORS PRIVATE LIMITED	Bulk	BSE	Buy	20,00,000	₹5.00	₹1.00 Cr
14 Dec 2023	MULTIPLIER SHARE & STOCK ADVISORS PRIVATE LIMITED	Bulk	BSE	Sell	2,50,222	₹4.83	₹0.12 Cr
14 Dec 2023	ASHWANI PODDAR .	Bulk	BSE	Buy	2,00,000	₹4.83	₹0.10 Cr

1–10 of 50

1 / 5

Mr. Prem Singh RawatNon-Executive - Non Independent Director-Chairperson
Mr. Milan Bhupendra ShahNon-Executive - Non Independent Director
Mr. Ravi Cheddilal SoniExecutive Director
Mr. Sanjay Ram TakaleNon-Executive - Non Independent Director
Mrs. Akanksha Sunny BilaneyNon-Executive - Independent Director
Mr. Prakash GaurNon-Executive - Non Independent Director
Mr. Anand Manoj ShahExecutive Director-MD
Ms. Anshu Shukla PandeyNon - Executive Independent Director
Ms. Prachi Parag KelaCompany Secretary & Compliance 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 Aerpace Industries Ltd. 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

Board meeting to consider results11 Aug 2026

1

Face value ₹10 → ₹130 Sept 2013 · ex-date

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Announcements

Latest exchange announcements, filings and downloadable documents.

1 month 3 months 6 months 1 year All

56 announcementsExport CSV

1 Oct 2026, 8:16 pmAGM/EGM

Shareholder Meeting / Postal Ballot-Scrutinizer''s Report

AGM PDF

30 Sept 2026, 5:53 pmAGM/EGM

Shareholder Meeting / Postal Ballot-Outcome of AGM

AGM PDF

27 Sept 2026, 4:33 pmCompany Update

Announcement under Regulation 30 (LODR)-Allotment

Allotment of Equity Shares PDF

9 Sept 2026, 12:37 pmCompany Update

Announcement under Regulation 30 (LODR)-Newspaper Publication

Newspaper Publication PDF

8 Sept 2026, 7:33 pmOthers

Board Meeting Outcome for Outcome Of The Board Meeting Held On September 8, 2026.

Outcome without intimation PDF

8 Sept 2026, 4:48 pmOthers

Reg. 34 (1) Annual Report.

Reg. 34 (1) Annual Report PDF

8 Sept 2026, 4:30 pmAGM/EGM

Notice Of 15Th Annual General Meeting Of Aerpace Industries Limited

AGM PDF

4 Sept 2026, 1:50 pmCompany Update

Announcement under Regulation 30 (LODR)-Newspaper Publication

Newspaper Publication PDF

Date	Category	Subject	Filing
1 Oct 2026, 8:16 pm	AGM/EGM AGM	Shareholder Meeting / Postal Ballot-Scrutinizer''s Report	PDF
30 Sept 2026, 5:53 pm	AGM/EGM AGM	Shareholder Meeting / Postal Ballot-Outcome of AGM

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Aerpace Industries Ltd

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

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

Board meetings1

Stock splits1

Announcements

Ratio timeline

Not in the F&O segment

Board meetings1

Stock splits1

No fund holdings on record

Quarterly record

Bulk & block deals

Board and management

Announcements

Annual reports

Profit & loss

Balance sheet

Cash flow

Compounded returns

Compounded sales growth

Return on equity

1

1

1

1