Is Aeron Composite a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Aeron Composite Ltd is a good quality company .

Is Aeron Composite undervalued or overvalued?

The key valuation ratios of Aeron Composite Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone .

What is Aeron Composite share price return in the past 10 years?

Data is not available for this company

Is Aeron Composite a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Aeron Composite Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

Aeron Composite Ltd - Stock Valuation and Financial Performance

Name: Aeron Composite
Brand: Aeron Composite

BSE: 0 | NSE: AERON | Plastic Products | Small Cap

Place order

BSE Share Price
Not Listed

10 Year X-Ray of Aeron Composite:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Standalone Basis ^P Consolidated Basis

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Value Creation ⓘ

Value Creation Index Colour Code Guide ⓘ

	Mar'14	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	TTM
ROCE % ⓘ	19.6%	16.7%	21.6%	16.4%	22.3%	27.4%	24.9%	20.7%	24.4%	33.1%	-
Value Creation Index ⓘ	0.4	0.2	0.5	0.2	0.6	1.0	0.8	0.5	0.7	1.4	-
Growth Parameters ⓘ Growth Parameters Colour Code Guide ⓘ
Sales ⓘ	11.8	17.9	28.5	29.8	44.9	62.8	77.4	78.8	108	179	179
Sales YoY Gr.	-	51.8%	59.1%	4.6%	50.5%	40%	23.2%	1.8%	37.5%	65.6%	-
Adj EPS ⓘ	0.3	0.4	0.6	0.6	1.1	2.1	2.5	2.4	2.8	4.2	3.9
YoY Gr.	-	48%	62.2%	1.7%	78.7%	91.7%	17.2%	-0.8%	15.2%	51.1%	-
BVPS (₹) ⓘ	1.6	2	2.6	3.3	4.4	6.5	9.3	11.6	15	20.2	54.3
Adj Net Profit ⓘ	0.3	0.4	0.6	0.6	1.1	2.2	2.6	2.5	2.9	5.3	7
Cash Flow from Ops. ⓘ	1.4	1	2.1	1.8	0.1	3.2	5.6	3.6	0	1.2	-
Debt/CF from Ops. ⓘ	2.3	6.4	3.2	4	71	3	2.4	2.9	1037.6	12	-

CAGR ⓘ

CAGR Colour Code Guide ⓘ

	9 Years	5 Years	3 Years	1 Years
Sales ⓘ	35.3%	31.9%	32.3%	65.6%
Adj EPS ⓘ	36.9%	31.2%	20%	51.1%
BVPSⓘ	32.3%	35.6%	29.6%	35.2%
Share Price	-	-	-	-

Key Financial Parameters ⓘ

Performance Ratio Colour Code Guide ⓘ

	Mar'14	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	TTM
Return on Equity % ⓘ	16.6	17.9	21.6	17.8	26.7	38.2	31	23.3	21.1	25.9	10.4
Op. Profit Mgn % ⓘ	9.7	9.3	9.3	7.8	6.9	7.3	7.4	8	5.8	5.7	NAN
Net Profit Mgn % ⓘ	2.2	2.1	2.2	2.1	2.5	3.5	3.3	3.2	2.7	3	3.7
Debt to Equity ⓘ	1.9	2.5	2.1	1.8	1.6	1.4	1.4	0.9	0.8	0.6	-
Working Cap Days ⓘ	126	136	120	136	109	106	115	137	146	112	0
Cash Conv. Cycle ⓘ	44	66	58	64	49	36	45	46	40	39	0

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 32.34%

Net Profit is growing at healthy rate in last 3 years 19.97%

Debt to equity has declined versus last 3 years average to 0.55

Return on Equity has declined versus last 3 years average to 10.40%

Sales growth is not so good in last 4 quarters at 0.00%

Latest Financials - Aeron Composite Ltd.

	Standalone	Consolidated
TTM EPS (₹)	3.9	-
TTM Sales (₹ Cr.)	179	-
BVPS (₹.) ⓘ	54.3	-
Reserves (₹ Cr.) ⓘ	75	-
P/BV ⓘ	3.19	-
PE ⓘ	44.61	-

From the Market
52 Week Low / High (₹)	0.00 / 0.00
All Time Low / High (₹)	- / -
Market Cap (₹ Cr.)	295
Equity (₹ Cr.)	17
Face Value (₹)	10
Industry PE ⓘ	41.3

Management X-Ray of Aeron Composite:

Shareholding Pattern

No Data To Display

Promoter's Holding & Share Pledging

Valuation of Aeron Composite

Price Calculator

Price Chart

Price to Earnings

Enterprise Value to EBIT

Price to Book-Value

Price to Sales

Dividend History

Analyst's Notes

This is a premium feature, Please click here to check our solutions.

Key Ratios of Aeron Composite

Standalone Basis Consolidated Basis

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'14	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23
Sales	12	18	29	30	45	63	77	79	108	179
Operating Expenses ⓘ	11	16	26	28	42	58	72	73	102	169
Manufacturing Costs	1	1	3	2	2	3	9	9	10	14
Material Costs	8	13	20	22	35	48	51	49	75	125
Employee Cost	1	1	1	1	2	3	4	6	7	11
Other Costs ⓘ	1	1	2	2	3	5	7	9	10	19
Operating Profit ⓘ	1	2	3	2	3	5	6	6	6	10
Operating Profit Margin (%)	9.7%	9.2%	9.3%	7.8%	6.8%	7.3%	7.2%	8.0%	5.8%	5.7%
Other Income ⓘ	0	0	0	0	0	0	1	0	2	3
Interest ⓘ	0	1	1	1	1	1	1	1	1	2
Depreciation ⓘ	0	1	1	1	1	1	1	2	2	2
Exceptional Items ⓘ	0	0	0	0	0	0	0	0	0	0
Profit Before Tax ⓘ	0	1	1	1	2	3	4	4	5	10
Tax ⓘ	0	0	0	0	1	1	1	1	1	3
Profit After Tax	0	0	1	1	1	2	3	3	4	7
PAT Margin (%)	2.4%	2.2%	2.2%	2.3%	2.7%	3.5%	3.7%	3.2%	3.3%	3.7%
Adjusted EPS (₹)	0.3	0.4	0.6	0.7	1.2	2.1	2.8	2.5	3.5	5.3
Dividend Payout Ratio (%)	0%	0%	0%	0%	0%	0%	0%	5%	4%	2%

Balance Sheet

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'14	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23
Equity and Liabilities
Shareholders Fund	2	3	3	4	5	7	10	12	16	25
Share Capital ⓘ	1	2	2	2	1	1	1	1	1	2
Reserves ⓘ	0	1	1	2	3	5	8	11	14	24
Minority Interest	0	0	0	0	0	0	0	0	0	0
Debt	3	6	6	6	7	9	12	9	11	10
Long Term Debt	1	2	1	1	2	4	7	5	3	1
Short Term Debt	2	4	5	5	4	5	5	4	8	9
Trade Payables	2	3	4	5	7	11	10	18	28	22
Others Liabilities ⓘ	1	2	2	2	2	3	5	5	7	12
Total Liabilities ⓘ	8	13	15	17	21	30	38	44	61	69
Fixed Assets
Gross Block	3	4	5	6	5	8	13	14	15	18
Accumulated Depreciation	0	1	2	2	2	3	4	6	8	9
Net Fixed Assetsⓘ	2	3	3	4	3	5	9	8	8	9
CWIP ⓘ	0	0	0	0	0	0	0	0	0	0
Investmentsⓘ	0	0	0	0	0	0	0	0	0	0
Inventories	3	4	5	7	7	9	9	11	22	19
Trade Receivables	1	4	5	5	9	13	13	19	21	31
Cash Equivalents	0	1	1	0	0	1	4	1	1	2
Others Assetsⓘ	1	1	2	1	1	3	3	4	10	7
Total Assets ⓘ	8	13	15	17	21	30	38	44	61	69

Cash Flow

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'14	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23
Cash Flow From Operating Activity ⓘ	1	1	2	2	0	3	6	4	0	1
PBT ⓘ	0	1	1	1	2	3	4	4	5	10
Adjustment ⓘ	1	1	2	1	2	2	2	3	3	3
Changes in Working Capital ⓘ	0	-1	-0	-0	-3	-1	-0	-3	-6	-12
Tax Paid ⓘ	0	0	0	0	0	-1	-1	0	-2	0
Cash Flow From Investing Activity ⓘ	-1	-1	-1	-1	0	-3	-5	-2	-2	-3
Capex	-1	-1	-1	-1	0	-3	-6	-1	-1	-4
Net Investments	0	0	0	0	0	0	0	0	0	0
Others ⓘ	0	0	0	0	0	0	0	-1	0	1
Cash Flow From Financing Activityⓘ	0	1	-1	-1	0	1	3	-4	1	3
Net Proceeds from Shares ⓘ	0	1	0	0	0	0	0	0	0	3
Net Proceeds from Borrowing ⓘ	0	1	0	0	1	1	3	-2	-2	-2
Interest Paid ⓘ	0	-1	-1	-1	-1	-1	-1	-1	-1	-2
Dividend Paid ⓘ	0	0	0	0	0	0	0	0	0	0
Others ⓘ	0	0	0	0	-1	0	0	-1	4	4
Net Cash Flow ⓘ	0	0	0	0	0	1	3	-2	-1	1

Finance Ratio

Standalone Basis Consolidated Basis

PARTICULARS	Mar'14	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23
Ratios
ROE (%)	17.84	20.71	25.99	22.73	30.42	38.32	35.12	23.48	26.19	32.3
ROCE (%)	19.62	16.74	21.57	16.35	22.28	27.38	24.87	20.66	24.35	33.06
Asset Turnover Ratio	1.89	1.85	2.22	2.02	2.72	2.82	2.27	1.94	2.08	2.77
PAT to CFO Conversion(x)	N/A	N/A	2	2	0	1.5	2	1.33	0	0.14
Working Capital Days
Receivable Days	36	48	49	53	49	55	61	75	67	53
Inventory Days	65	69	52	65	51	41	42	46	56	42
Payable Days	71	64	55	67	62	71	77	105	112	72

Aeron Composite Ltd Stock News

Aeron Composite Ltd FAQs

What is the share price of Aeron Composite?

Company share prices are keep on changing according to the market conditions. The closing price of Aeron Composite on 01-Jan-1970 05:30 is ₹0.00.

What is the market cap of Aeron Composite?

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 01-Jan-1970 05:30 the market cap of Aeron Composite stood at ₹295.0.

What is the P/E ratio of Aeron Composite?

The latest P/E ratio of Aeron Composite as of 01-Jan-1970 05:30 is 44.61.

What is the P/B ratio of Aeron Composite?

The latest P/B ratio of Aeron Composite as of 01-Jan-1970 05:30 is 3.19.

What is the 52-week high and low of Aeron Composite?

The 52-week high of Aeron Composite is ₹0.00 and the 52-week low is ₹0.00.

What is the TTM revenue of Aeron Composite?

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Aeron Composite is ₹179.4 ( Cr.) .

About Aeron Composite Ltd

Aeron Composite Limited was originally incorporated as Private Limited Company in the name of ‘Aeron Composite Private Limited’ under the provisions of the Companies Act, 1956 vide Certificate of Incorporation dated May 13, 2011 issued by the Registrar of Companies, Gujarat, Dadra and Nagar Havelli. Subsequently, pursuant to Special Resolution passed by the Shareholders at the Extra Ordinary General Meeting, held on May 06, 2024 the company was converted into a Public Limited Company and consequently the name of the company was changed from ‘Aeron Composite Private Limited’ to ‘Aeron Composite Limited’ vide a fresh certificate of incorporation consequent upon conversion from private company to public company dated June 19, 2024 issued by the Registrar of Companies, Central Processing Centre.

The company is engaged in the business of manufacturing and supplying of Fiber Glass Reinforce Polymer Products i.e. Fiber Glass Reinforce Polymers (FRP) products including FRP Pultruded Products, FRP Moulded Gratings & FRP Rods tailored for various industrial applications. It provides comprehensive solution which includes conceptual design, prototype development, testing, manufacturing, logistic support, installation and after sales service. FRP product is a composite material consisting of a polymer matrix (resins) reinforced with fibers such as fiberglass, carbon or aramid. This combination offers numerous benefits, including corrosion resistance, chemical resistance, high strength, lightweight properties, electrical and thermal non-conductivity, and ease of fabrication.

The company’s manufacturing unit has accreditations such as ISO 9001:2015 for the scope of design, manufacturing and supply of FRP pultruded products, FRP Handrails, FRP cable trays, FRP fencing, FRP moulded gratings, FRP Cross arm, FRP poles, FRP rods and moulded mounting structure for solar panels (MMS). Further, its in-house R&D unit is registered with the “Department of Scientific & Industrial Research” for purpose of developing new products and processes. Recently, the company has been awarded with Certificate of Recognition and accorded the status of ‘Two Star Export House’ in accordance with the provisions of the Foreign Trade Policy, 2023.

Business area of the company

Aeron Composite is engaged in manufacturing and dealing in Fiber Glass Reinforce Plastic Products i.e. Cable Tray, Gratings, ROD, Pole, Structure, Profiles, Handrails etc.

Products of the company

FRP/GRP structural profiles
FRP/GRP cable tray
FRP deck
FRP handrails
FRP ladder
FRP ladder
FRP cross arm
FRP fencing
FRP moulded gratings
FRP rod for optic fibre cable

History and milestones

2011: Incorporation of the Company.
2011: Started Production of Pultruded Products.
2012: Started Production of Moulded Gratings.
2012: Executed first Export order.
2015: Started Production of FRP Rod for Optic Fiber Cables.
2019: Moved to new manufacturing unit. Significant increase in the capacity of Pultrusion and Moulded Grating.
2020: Recognition by Department of Scientific and Industrial Research.
2021: Star Export House Recognisation - AEO T1 Status.
2023: Upgraded to higher status of AEO T2 and in parallel upgraded to Two Star export house recognition.
2024: Conversion of the Company from Private Limited to Public Limited Company.