Aeron Composites Ltd
Incorporated in 2011, Aeron Composite Ltd manufacture and deals in Fiber Glass Reinforce Plastic Products i.e. Cable Tray, Gratings, ROD, Pole, Structure Profiles,
Handrails etc.[1]
- Market Cap ₹ 158 Cr.
- Current Price ₹ 93.0
- High / Low ₹ 202 / 89.0
- Stock P/E 11.4
- Book Value ₹ 63.6
- Dividend Yield 0.00 %
- ROCE 21.2 %
- ROE 19.5 %
- Face Value ₹ 10.0
Pros
- Company has delivered good profit growth of 35.0% CAGR over last 5 years
- Company has a good return on equity (ROE) track record: 3 Years ROE 25.2%
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Company might be capitalizing the interest cost
- Earnings include an other income of Rs.6.95 Cr.
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Industrials Capital Goods Industrial Products Other Industrial Products
Half Yearly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
| Mar 2018 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|
| 45 | 77 | 79 | 108 | 179 | 200 | 215 | 224 | |
| 42 | 72 | 73 | 102 | 169 | 184 | 197 | 207 | |
| Operating Profit | 3 | 6 | 6 | 6 | 10 | 16 | 18 | 17 |
| OPM % | 7% | 7% | 8% | 6% | 6% | 8% | 8% | 8% |
| 0 | 1 | 0 | 2 | 3 | 2 | 5 | 7 | |
| Interest | 1 | 1 | 1 | 1 | 2 | 1 | 2 | 3 |
| Depreciation | 1 | 1 | 2 | 2 | 2 | 2 | 3 | 3 |
| Profit before tax | 2 | 4 | 4 | 5 | 10 | 15 | 18 | 18 |
| Tax % | 30% | 29% | 30% | 28% | 31% | 30% | 27% | |
| 1 | 3 | 3 | 4 | 7 | 10 | 13 | 14 | |
| EPS in Rs | 9.31 | 22.23 | 19.62 | 27.85 | 42.20 | 64.54 | 7.84 | 8.18 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 23% |
| 3 Years: | 26% |
| TTM: | -1% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 35% |
| 3 Years: | 56% |
| TTM: | 18% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | -43% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 25% |
| 3 Years: | 25% |
| Last Year: | 20% |
Balance Sheet
Figures in Rs. Crores
| Mar 2018 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|
| Equity Capital | 1 | 1 | 1 | 1 | 2 | 2 | 17 | 17 |
| Reserves | 3 | 8 | 11 | 14 | 24 | 34 | 84 | 91 |
| 7 | 13 | 10 | 13 | 14 | 12 | 45 | 48 | |
| 9 | 15 | 21 | 33 | 30 | 54 | 60 | 57 | |
| Total Liabilities | 21 | 38 | 44 | 61 | 69 | 101 | 206 | 213 |
| 3 | 9 | 8 | 8 | 9 | 18 | 20 | 40 | |
| CWIP | 0 | 0 | 0 | 0 | 0 | 4 | 35 | 28 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 18 | 29 | 36 | 53 | 60 | 80 | 152 | 144 | |
| Total Assets | 21 | 38 | 44 | 61 | 69 | 101 | 206 | 213 |
Cash Flows
Figures in Rs. Crores
| Mar 2018 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|
| 0 | 6 | 4 | 0 | 2 | 21 | -9 | |
| 0 | -5 | -2 | -2 | -4 | -14 | -34 | |
| -0 | 3 | -4 | 1 | 3 | -4 | 84 | |
| Net Cash Flow | -0 | 3 | -2 | -1 | 1 | 3 | 41 |
Ratios
Figures in Rs. Crores
| Mar 2018 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|
| Debtor Days | 73 | 62 | 88 | 70 | 63 | 76 | 77 |
| Inventory Days | 76 | 61 | 84 | 106 | 56 | 76 | 159 |
| Days Payable | 76 | 74 | 133 | 135 | 64 | 125 | 152 |
| Cash Conversion Cycle | 73 | 49 | 39 | 41 | 55 | 27 | 83 |
| Working Capital Days | 66 | 18 | 31 | 30 | 28 | 25 | 34 |
| ROCE % | 21% | 24% | 33% | 36% | 21% |
Documents
Announcements
-
Analysts/Institutional Investor Meet/Con. Call Updates
26 November 2025 - H1 FY26: Revenue INR116.7cr, EBITDA INR8.7cr (7.5%), PAT INR7.2cr; Mehsana plant operational; rebar and carbon-fiber capex plans.
-
Analysts/Institutional Investor Meet/Con. Call Updates
22 November 2025 - Audio recording of Nov 21, 2025 earnings call for H1 ended Sep 30, 2025 uploaded.
-
General Updates
20 November 2025 - Investor presentation: H1FY26 revenue Rs116.7Cr, EBITDA Rs8.7Cr, PAT Rs7.2Cr; new facility operational Sep 2025.
-
Analysts/Institutional Investor Meet/Con. Call Updates
18 November 2025 - Correction: earnings conference call now Friday, 21 November 2025 at 4:00 PM IST.
-
Analysts/Institutional Investor Meet/Con. Call Updates
18 November 2025 - H1 FY26 earnings conference call on 21 Nov 2025 at 4:00 PM IST.
Annual reports
Concalls
-
Nov 2025Transcript PPT
-
May 2025TranscriptAI SummaryPPT
-
Nov 2024TranscriptAI SummaryPPT
Business Overview:[1]
ACL manufactures and supplies Fiber Glass Reinforced Polymer (FRP) products which includes Pultruded Products, Moulded Gratings, and Rods. It provides solutions for design, prototype development, manufacturing, testing, logistics, installation, and after-sales service.