Aeroflex Enterprises Ltd(AEROENTER)

NSE: AEROENTERBSE: 511076

₹ 118.4+1.41%refreshed 26 Oct, 02:59 pm ISTMarket cap: ₹ 1,340 crWebsite: www.satgroup.inUpdated: 24 Oct 2026

About

In FY26 the consolidated group reported revenue of ₹697.83 Cr and EBITDA of ₹148.85 Cr. The group completed the sale of its engineering-services subsidiary MRO to Ingersoll-Rand for ₹227.42 Cr in April 2026, realising ~3x multiple and ~107% XIRR in ~21 months.^[1][2][3]

Business segments

Flexible Flow Solutions (Aeroflex Industries): 61.2% of FY26 segment revenue at ₹426.91 Cr, EBIT margin 13.8% - metallic flexible hoses, assemblies, bellows and liquid cooling skids.^[4]
Flexible Packaging (Aeroflex Neu): 18.0% of FY26 segment revenue at ₹125.65 Cr, EBIT margin -1.9% - FIBCs, woven bags and woven fabric.^[4]
Engineering Services (MRO, divested April 2026): 16.8% of FY26 segment revenue at ₹116.99 Cr, EBIT margin 24.7% - compressed-air and industrial equipment services.^[4][3]
Financing (Aeroflex Finance NBFC): 3.5% of FY26 segment revenue at ₹24.66 Cr, EBIT margin 44.8%.^[4]

Products and services

Aeroflex Industries' product range spans braided and unbraided hoses, solar hoses, gas hoses, vacuum hoses, interlock hoses, hose assemblies, lancing and jacketed assemblies, exhaust connectors, EGR tubes, expansion bellows, compensators and end fittings - 2,388+ SKUs across ¼" to 14".^[2]
Aeroflex Industries entered liquid cooling solutions for data centres and AI infrastructure in FY26, supplying advanced flow control components and skid assemblies under a long-term agreement with a listed US corporation (~USD 141 Bn market cap).^[3][5]
Aeroflex Neu (formerly Sah Polymers) manufactures FIBCs, PP/HDPE woven bags, PP/HDPE woven fabric and other technical textile products; it holds BRCGS Grade A+ certification enabling supply to food, pharma and beverage supply chains.^[2][5]
Aeroflex Industries also offers hydraulic fittings, fluid connectors and flanges through its subsidiary Hyd-Air Engineering, covering railways, shipbuilding and heavy industries.^[2]

Operations and capacity

Aeroflex Industries operates from Taloja, Navi Mumbai with installed hose manufacturing capacity of 17.5 million metres and 87 machine lines as of Q3 FY26, expanded from 13.5 million metres in FY24.^[6][2]
Liquid cooling skid assembly capacity stood at 9,000 skids per annum as of Q1 FY27, with plans to scale to 15,000 units/annum; automatic welding station and annealing plant targeted for commissioning by December 2026.^[3][5]
Aeroflex Neu has total consolidated manufacturing capacity of 9,120 MTPA including a facility in Udaipur (3,960 MTPA); the original Sah Polymers unit operated at 81% utilisation per FY24 annual report.^[2][3]
Aeroflex Industries is ISO 9001:2015 certified by TUV NORD Germany, ISO 14000 certified by RWTUV Germany, and holds ASME Boiler and Pressure Vessel Code certification for pressure-retaining systems.^[2][7]
Aeroflex Industries' R&D team comprises 14 qualified members with 72+ products under development as per the FY24 annual report.^[2]

Key operating numbers

Aeroflex Industries total income: ₹145.97 Cr in Q1 FY27, up 72.41% YoY; EBITDA ₹33.49 Cr (margin 23.04%, +468 bps YoY).^[3]
Aeroflex Industries full-year EBITDA: ₹99.74 Cr in FY26, up 26.18% YoY; EBITDA margin 22.57% (+156 bps YoY).^[5]
Aeroflex Neu total income: ₹28.91 Cr in Q1 FY27, down 7.23% YoY; EBITDA fell 25.10% YoY and export revenue mix was 62% of sales.^[3]
Aeroflex Finance disbursements: ₹407.13 Cr in FY26; loan book ₹44.49 Cr as of 31 March 2026; NIM 22.02%; NNPA 0.00%; capital adequacy ratio 33.50%.^[5]

Customers and distribution

Aeroflex Industries serves 3,300+ global customers across steel & metal, oil & gas, petrochemicals, refinery, mining, firefighting, solar, robotics, semiconductors, aerospace, electric mobility and defence as of Q1 FY27.^[3][2]
Aeroflex Industries exports to 88 countries across Asia, Americas, Europe and Africa; the group has offices in Mumbai, Dubai and London with sales touchpoints in 100+ countries.^[2]
Aeroflex Neu exports to 30+ countries including Africa, Middle East, Europe, USA, Australia and the Caribbean; Aeroflex Neu is a recognised Star Export House.^[2]

Expansion and capex

AIL raised ₹55 Cr via preferential issue in February 2026 to fund liquid cooling capacity expansion to meet surging data-centre demand.^[6]
AIL targets liquid cooling skid assembly capacity of 15,000 units/annum; automatic welding station and annealing plant to be commissioned by December 2026.^[5]
Aeroflex Neu is actively seeking strategic investments and acquisitions in India and abroad to expand footprint, capacities and business.^[3]

Recent developments

30 April 2026: AEL completed sale of its entire 68% stake in MRO (M.R. Organisation) to Ingersoll-Rand Industrial US, Inc. for ₹227.42 Cr, generating ~3x multiple and ~107% XIRR over ~21 months.^[3]
22 May 2026: Aeroflex Neu Limited acquired a 19.58% stake in Stilonn Valves and Controls Pvt Ltd, adding specialised sanitary valve manufacturing capabilities.^[3]
Q1 FY27: Aeroflex Neu entered a Share Purchase Agreement for sale of its 51.01% stake in subsidiary Fibcorp Polyweave Private Limited.^[3]
Q1 FY27: AIL signed long-term agreement with a listed US corporation (~USD 141 Bn market cap) to supply liquid cooling solutions for data centres and received ASME certification; also exhibited at World Data Center Exhibition (April 2026).^[3]
FY26: AEL's startup portfolio expanded to 168 investments across 35+ sectors, with exits including Pee Safe at 9.39x (~8 years) and EMO Energy at 9.28x (~3 years).^[5]

Market Cap

₹1,340 Cr

High / Low

₹159 / 63

Stock P/E

8.0

Price / Book

1.6

Book Value

₹73

EPS

₹5.7

No. of Shares

11.31 Cr

ROCE

12.4%

ROE

8.4%

OPM

16.1%

Debt / Equity

0.05

Sales

₹698 Cr

Net Profit

₹85 Cr

Promoter holding

52.5%

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Aeroflex Enterprises Ltd(AEROENTER)

About

Business segments

Products and services

Operations and capacity

Key operating numbers

Customers and distribution

Expansion and capex

Recent developments

Signal history

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