Aeroflex Industries stock is listed in the NSE and BSE at a massive premium of 83%. After listing the stock started falling due to the profit booking and still the stock is looking very bearish and there is a high chance that the stock can fall more in the upcoming weeks. If you are also an investor then Aeroflex share price target for 2024, 2025, and 2026 may help you to analyze the stock.
Aeroflex Industries Limited is a micro-cap company and the bidding dates started in August 2023. The issue size of the IPO was Rs. 351 Crore and the price band was set to Rs. 102 – 108. In August 2023 the stock is listed in the NSE and BSE at Rs. 190 i.e. premium of 83%.
Aeroflex Industries Limited is a micro-cap company but the company is still growing i.e. over the years the net profit, EPS (earning per share), sales, etc. have consistently increased. It is a good sign and that was the reason behind the massive premium while listing in the stock market.
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About Company
Aeroflex Industries Limited was founded in 1993. The company is involved in the business of manufacturing the hose of stainless steel. The current managing director of the company is Mr. Yusuf Kagzi.
Aeroflex Industries Limited manufactures a wide range of hoses for different uses and purposes. In their portfolio, there is a wide range of hose products made using stainless steel and exports the products to more than 80+ countries.
Some Products that the company manufactures are below-
- Gas Hose
- Solar Hose
- High Pressure Hose
- Interlock Hose: A 1200
- Fitting/End Connection
- Corrugated Stainless Steel Hose
- Stainless Steel Hose Assemblies
- Steel Hose with Braid: A 100 Series & A 200 Series
- and many more…
The company has 244 products, 136 projects, and 100 designs as per the data available on the website. Their well-known clients are Jai Balaji Group, Bharat Electronics, APAR, ABIS, Power2SME, NFL, KSK, KLG, IndianOil, BHEL, and many more.
The demand for the hose is going to increase by 50% to 60% in the next 3 years and the Aeroflex Industries Limited is one of the leading companies in the sector.
ideaForge Technology Stock Overview
- Current Market Price: Rs. 137.40 (06 Mar 2024 after market closing)
- Market Cap: Rs. 1,839 Crore (06 Mar 2024 after market closing)
- 52-week high: Rs. 196.35
- 52-week low: Rs. 136.00
Company/Stock Scrip Info
| NSE | AEROFLEX |
| BSE | 543972 |
| ISIN | INE024001021 |
| SECTOR | Steel |
Note: The shared company’s financials, shareholding pattern, fundamentals, etc. were updated on 07 March 2024. Kindly check the latest information/data on any trusted screener like MoneyControl, Screener.in, etc.
Net Profit & Loss (Yearly)
| Year | Net Profit & Loss (In Crore) |
|---|---|
| March 2019 | NA |
| March 2020 | ₹4.69 |
| March 2021 | ₹6.01 |
| March 2022 | ₹27.51 |
| March 2023 | ₹30.15 |
Net Profit & Loss (Quarterly)
| Quarter | Net Profit & Loss (In Crore) |
|---|---|
| Dec 2022 | ₹7.52 |
| Mar 2023 | ₹5.15 |
| Jun 2023 | ₹11.09 |
| Sep 2023 | ₹11.58 |
| Dec 2023 | ₹9.04 |
Cash Flow (In ₹ Crore)
| Cash Flow From | March 2021 | March 2022 | March 2023 |
|---|---|---|---|
| Operating Activities | ₹12 | ₹32 | ₹04 |
| Investing Activities | -₹3 | -₹13 | -₹10 |
| Financing Activities | -₹10 | -₹14 | ₹4 |
| Others | 0 | 0 | 0 |
| Net Cash Flow | -₹1 | ₹5 | -₹2 |
Fundamentals
| Market Cap | ₹1,839Cr | ROE | 13.41% |
| P/E Ratio (TTM) | 45.29 | EPS (TTM) | 3.14 |
| P/B Ratio | 6.71 | Div Yield | 0.12% |
| Industry P/E | 19.07 | Book Value | 21.19 |
| Debt to Equity | 0.00 | Face Value | 2 |
Shareholding Pattern
| Held By | Jun 2023 | Sep 2023 | Dec 2023 |
|---|---|---|---|
| FIIs | NA | 1.13% | 0.36% |
| DIIs | NA | 6.76% | 5.83% |
| Public | NA | 25.12% | 26.82% |
| Promoters | NA | 66.99% | 66.99% |
| Other Holders | NA | NA | NA |
Bulk Deals (Last 5 Trans.)
| Date | Designated Person | Price | Quantity | Action |
|---|---|---|---|---|
| NA | NA | NA | NA | NA |
| NA | NA | NA | NA | NA |
| NA | NA | NA | NA | NA |
| NA | NA | NA | NA | NA |
| NA | NA | NA | NA | NA |
Key Points
- The company has reduced debt and now the company is almost debt free.
- The net profit of the company is continually increasing over the years. In March 2019 the net profit was Rs. 7 Crore and in March 2023, the net profit was Rs. 30 Crore. In short, In the last 5 years, the net profit has increased by more than 400%.
- The quarterly results of the company are improving slowly but not improving continually.
- The company profit margin is above the industry median.
- In the December 2023, quarter the FIIs and DIIs decreased their holdings.
Quarterly Result
Sales
In the December Quarter, the sales of Aeroflex Industries Ltd decreased from 84.06 to 73.12.
Net Profit
As the sales of the Aeroflex Industries Ltd company is decreased that’s why the net profit is also decreased from Rs. 11.56 Crore to 9.06 Crore.
EPS (Earning per Share)
In the December 2023 quarter, the EPS of the company also decreased from Rs. 0.89 to Rs. 0.73
Aeroflex Share Price Target
Aeroflex Industries limited stock is listed at a very high premium in the stock market. As a result FIIs, DIIs, etc. started booking profit in the stock which is why the stock has continually fallen in the last few months. So, if you have not booked profit yet or looking for an opportunity to invest in the stock then Aeroflex share price target for 2024, 2025, and 2026 will help to make good decisions.
Most of the retailers face a huge loss in these types of stocks because of not investing in any stock with proper analysis. As the stock is falling a downtrend in the stock can be seen clearly but the holdings of the retail investors are increasing over the quarters.
Disclaimer: We are not SEBI registered and the below-given share target price by brokerage firms, analysts (share price forecast), and analysis by us is only for educational purposes, not any buying or selling recommendation. We will be not responsible for any profit and loss.
Aeroflex share price forecast
No analysts or experts have given any type of rating for the Aeroflex Industries Limited stock as of now. So, there is no share price forecast from the expert’s side but it does not mean that there is no good opportunity in the stock.
To know about opportunities in the stock you should check the Aeroflex share price target 2024 section where we have given some points about it.
Once any experts, analysts, etc. give any type of buy or sell signal we will update the share price forecast section for the stock.
Brokrage Firm Research
No brokerage firm research has been published related to Aeroflex’s share price target for the short term or long term. In most cases, the brokerage firms only give buy targets for any stock when they see a massive opportunity in any stock for the short term.
As the stock is now in a downtrend there is no strength in the quarterly profits of the Aeroflex stock. So, for anyone, it will be hard to give any target. We will update the section when any brokerage firms will give any target.
Aeroflex share price target 2024
Aeroflex stock has fallen more than 30% from its all-time high and the stock is still looking very bearish on the daily timeframe and the higher timeframe too. So, there are very high chance that the stock can fall for a few more weeks.
Recently the Aeroflex stock also broke a support of Rs. 140 – 143. So, there is no buying opportunity in the stock until it breaks the resistance of Rs. 140 – 143 or farms any reversal pattern at the bottom.
A reversal pattern is nothing but it is a change in the trend of any stock. If you know how to analyze the stock using technicals and price action then you can make good profits from the stock. As it is a micro-cap stock so, after reversal, it may go up very quickly.
Aeroflex share price target 2025
There is no problem with the business model and the fundamentals of the company. For the long term, the stock is good but risky as it is a micro-cap stock.
After a reversal, there are very high chance that the stock can give good returns and most probably it will happen soon. As the stock is close to its bidding price or listing price in the stock market, in most cases, it can be reversed from it.
There can be two reasons behind the major fall in Aeroflex stock i.e. profit booking as stock listed at a very high premium and the net profit decreased from Rs. 84.06 Crore to 73.12 Crore in the December 2023 quarter. In some cases, quarterly results do not affect stocks for the long term.
Aeroflex share price target 2026
Over the last few years, Aeroflex Industries Limited stock has continuously made a profit and the profit is continually improving too. It is a good sign that the company is growing at a good speed.
For the long term, we are bullish on the stock as the company is also expecting that the demand for the hose will be increased by 50% to 60% in the next 2 to 3 years. So, expecting at least a 20% to 30% return in the Aeroflex share price target for 2026 will not be bad.
As it is just an expectation so, you need to understand the demand and supply of the industry and in which cases the industry can face trouble. If you understand these points then for sure you’ll be able to make maximum profit.
Currently, Aeroflex stock is in a downtrend so, you should not buy the stock at this level. You can buy when the stock trend becomes bullish or any reversal pattern. When you buy any stock at a good level then you can start getting returns from the stock very easily.
FAQs
As you know Aerospace Industries Limited is a small company but still, it is making good profits. In the last 5 years, the company’s net profit has increased by more than 400% which is a very high profit.
No doubt the company and the industry are also growing. From the fundamental point of view, there is no problem with the stock but in the falling market small-cap stocks fall very badly so, make sure you are also ready for it.
As of 07 March 2024, you should not buy the stock as it is in a downtrend and very bearish. Most probably the stock may fall more in the next few days or weeks or form a reversal pattern and start going up.
In a few words, if you want to buy the stock then you should wait for a reversal pattern.
As the earnings of the company are improving so, no doubt its stock will go up once its downtrend is over. From this level, you can expect a 30% to 40% return from the stock by 2025.
Final Words: Aeroflex Industries Limited company involved in the business of manufacturing different types of hose products. Over the years the net profit of the company is consistently improving. According to Aeroflex, the demand for the hose will increase by 50% to 60% in the next 2 to 3 years. If the market condition and the industry will grow as expected then we can see multibaggers Aeroflex share price target in 2024, 2025, and 2026.