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Aeroflex Industries Limited (AEROFLEX) Fair Value & Analysis

Industrials · IN · Market cap ₹61.7B

AI Aeroflex Industries Limited AEROFLEX · NSE
Price₹446.55
Fair Value₹88.12
Upside-80.3%
Quality49/100
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Expensive Growth
Solidly profitable · 12.6% net margin
Low debt · negative free cash flow
0.08% dividend yield
Mixed vs. peers (6/13)
Moderate moat 57/100
Evidence: High Range ₹66.09 – ₹110.15 Share as image

Fair value as of: Aug 2, 2026

From 17 valuation models · updated 11 days ago

Share price +6.0% over the past month.

Below-average quality, and screening another 80% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (₹110.15). The favourable scenario is already priced in.
  • Solid but not exceptional quality (49/100) and above fair value, neither a clear bargain nor a standout compounder.
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Price vs Fair Value (3 years)

₹510.42 ₹116.09 Fair Value ₹88.12 Aug 2023 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 2, 2026.

How to read this chart

35‑month range ₹116.09 – ₹510.42 · fair‑value band ₹66.09 – ₹110.15 · the ₹446.55 price screens above the ₹88.12 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 2, 2026.

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Analysis

Aeroflex Industries Limited (AEROFLEX) currently trades at ₹446.55, while our model-based Fair Value estimate is ₹88.12, implying the stock looks roughly 80.3% overvalued today. The Quality Score stands at 49/100 (below-average quality), in the Industrials sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).

Over the trailing twelve months, Aeroflex Industries Limited generated revenue of ₹4.4B at a net margin of 12.6%. Revenue grew 37.2% year over year. It earns a return on equity of 14.1%. The balance sheet holds a net cash position of ₹608M. Fundamentals as of Aug 2, 2026

Our scenario range runs from ₹66.09 (bear case) to ₹110.15 (bull case); at ₹446.55, the current price sits above that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 14% below its 52-week high and 183% above its 52-week low, currently above its 200-day average. For context, the median of 10 Industrials peers we cover trades at -66% fair-value upside, at -80%, AEROFLEX screens richer than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Note: the current price implies far more future growth than the conservative anchors of our models allow (base growth is deliberately capped, we do not regard such extreme rates as sustainable). Our models are not designed for expectations this high; that is why the individual models scatter extremely (₹4.72 to ₹192.42). Read the values as a conservative anchor, not as a price target.
Model Bear Bear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull Bull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. Evidence
Highest evidence
Residual Income ₹31.57 ₹38.84 ₹98.70 76
ROIC Compounder ₹52.54 ₹76.28 ₹94.82 72
Gordon GGM ₹2.69 ₹5.60 ₹8.88 70
All 17 models by family
DCF Models
Owner Earnings ₹17.45 ₹32.45 ₹63.37 31
Earnings-Based
Graham-Dodd ₹28.53 ₹192.42 ₹269.65 54
Lynch FV ₹56.40 ₹80.56 ₹104.73 50
PEG = 1.0 ₹56.40 ₹80.56 ₹104.73 46
EPV ₹44.87 ₹51.48 ₹57.27 59
Dividend Discount
Gordon GGM ₹2.69 ₹5.60 ₹8.88 70
DDM Multi-Stage ₹2.69 ₹4.72 ₹5.87 61
Multiples
P/E Multiple ₹66.09 ₹88.12 ₹110.15 63
P/S Multiple ₹50.09 ₹66.79 ₹83.49 58
P/B Multiple ₹53.50 ₹71.33 ₹89.17 55
EV/EBIT ₹76.19 ₹99.85 ₹123.50 53
EV/EBITDA ₹78.70 ₹103.20 ₹127.69 54
EV/Revenue ₹47.30 ₹65.33 ₹83.36 43
Asset-Based
NCAV (Graham) ₹16.90 ₹22.65 ₹33.80 50
Economic Profit
Residual Income ₹31.57 ₹38.84 ₹98.70 76
ROIC Compounder ₹52.54 ₹76.28 ₹94.82 72
Growth Earnings
Growth-Adj P/E ₹78.14 ₹111.62 ₹145.11 68

Widest divergence: Growth Earnings (₹111.62) versus Dividend Discount (₹4.72). Highest evidence: Residual Income (76).

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Key figures & financial health

Revenue (TTM) ₹4.4B
Revenue growth (YoY) +37.2%
Net margin 12.6%
Return on equity 14.1%
Free cash flow −₹49.0M FY2026
P/E ratio 108.6
More key figures
Operating margin 17.7%
EPS (TTM) ₹4.29
Dividend yield 0.1%
EPS growth (YoY) +56.4%
Net cash ₹608M FY2026

Figures from reported company fundamentals · as of Aug 2, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 49/100

Of which business quality 51 · Market factors (momentum, volatility) 76

Profitability 53
Margins and returns on capital today
Quality Growth 33
Are margins and returns improving?
Cashflow 29
Earnings quality: real cash, not paper profit
Fin. Strength 88
Balance sheet, leverage, solvency risk
Investment 7
Disciplined investing over empire-building
Low Volatility 41
Calm price path (market factor)
Momentum 92
Price trend over the last 3–12 months (market factor)
52W Momentum 90
Distance to the 52-week high (market factor)
Net Issuance 80
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

Aeroflex Industries Limited manufactures and sells stainless steel flexible hose and assemblies in India. It offers corrugated stainless steel, double interlock flexible metal, composite, and Teflon/PTFE hoses; stainless steel hose assemblies; fittings; metal expansion joints; and metal bellows and miniature metal bellows.

Full company description

Aeroflex Industries Limited manufactures and sells stainless steel flexible hose and assemblies in India. It offers corrugated stainless steel, double interlock flexible metal, composite, and Teflon/PTFE hoses; stainless steel hose assemblies; fittings; metal expansion joints; and metal bellows and miniature metal bellows. The company's products are used in fire sprinklers and firefighting, aerospace and defense, semiconductors, robotics and automation, hydrogen, electric mobility, HVAC, natural gas, steel and metal, solar, bulk terminal handling, chemicals, food and pharmaceuticals, and paper and pulp industries, as well as in petrochemicals and oil refineries. It also exports its products. The company was incorporated in 1993 and is headquartered in Mumbai, India. Aeroflex Industries Limited operates as a subsidiary of Aeroflex Enterprises Limited.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

Aeroflex Industries Limited reported revenue of ₹4.4B in FY2026 versus ₹2.4B in FY2022, a compound +16.4%/yr. Reported net income was ₹555M in FY2026, compounding +19.2%/yr from FY2022.

Growth Quality 62/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2026)
₹4.4B
Latest YoY
+17.5%
Avg. growth/yr (3Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+18.9%
Avg. growth/yr (5Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+25.0%
Avg. growth/yr (7Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+17.8%
Revenue +16.4%/yr
FY22 ₹2.4B
FY23 ₹2.6B
FY24 ₹3.2B
FY25 ₹3.8B
FY26 ₹4.4B
Net income +19.2%/yr
FY22 ₹275M
FY23 ₹302M
FY24 ₹417M
FY25 ₹525M
FY26 ₹555M

AEROFLEX screens 80% overvalued. Compare with Carpenter Technology Corporation →

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Cite: Fair Value Calculator (2026). "Aeroflex Industries Limited Fair Value". https://www.fairvalue-calculator.com/stock/AEROFLEX

Peer Group

Metal Fabrication · 248 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Quality Score 49 · Below median
Fair Value upside −80% · Bottom 25%
Return on equity (TTM) 14% · Top 25%
Return on assets 9% · Top 25%
Net margin (TTM) 13% · Top 25%
Operating margin (TTM) 18% · Top 25%
Revenue growth 37% · Top 25%
Dividend yield (TTM) 0.1% · Bottom 25%
Debt / equity 0.00× · Lower than 75% of peers

Valuation Multiples vs Metal Fabrication median · lower = cheaper

P/E (TTM) 108.6× · Pricier than 75% of peers
P/B 13.79× · Pricier than 75% of peers
P/S (TTM) 13.95× · Pricier than 75% of peers
EV/EBITDA 61.1× · Pricier than 75% of peers

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 0 · sector 0
FUTURE 100 · sector 34
PAST 56 · sector 20
HEALTH 100 · sector 95
DIVIDEND 2 · sector 25

VALUE 0: the price sits above our fair-value range.

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

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Frequently asked questions

Is Aeroflex Industries Limited (AEROFLEX) overvalued or undervalued?
As of Aug 2, 2026, our model estimates a fair value of ₹88.12 versus a price of ₹446.55, about −80% (overvalued).
What is the fair value of AEROFLEX?
Our model-based fair value for Aeroflex Industries Limited is ₹88.12 (as of Aug 2, 2026), built from audited fundamentals. The current price is ₹446.55.
What is the quality score of AEROFLEX?
Aeroflex Industries Limited has a Quality Score of 49/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the revenue of Aeroflex Industries Limited (AEROFLEX)?
Aeroflex Industries Limited reported trailing-twelve-month revenue of about ₹4.4B (latest available figure, as of Aug 2, 2026).
What is the net profit margin of AEROFLEX?
The net profit margin of Aeroflex Industries Limited is about 12.6%, meaning it keeps roughly 12.6% of revenue as net income. Based on the latest reported figures.
Does Aeroflex Industries Limited pay a dividend?
Aeroflex Industries Limited currently shows a dividend yield of about 0.08% relative to its recent price (as of Aug 2, 2026).

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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