---
title: "Aequs Ltd (AEQUS) — Share Price, Financials & Analysis"
symbol: "AEQUS"
company: "Aequs Ltd"
canonical: "https://tapetide.com/stocks/AEQUS"
isin: "INE947N01017"
nse_symbol: "AEQUS"
bse_code: "544634"
sector: "Aerospace & Defense"
industry: "Aerospace & Defense"
market_cap_cr: 15075.89
generated_at: "2026-09-13T18:26:27.430Z"
---

# Aequs Ltd (AEQUS)

Canonical page: https://tapetide.com/stocks/AEQUS

## Company

- **NSE Symbol:** AEQUS
- **BSE Code:** 544634
- **ISIN:** INE947N01017
- **Sector:** Aerospace & Defense
- **Industry:** Aerospace & Defense
- **Macro Sector:** Industrials
- **Stock Type:** EQUITY
- **Listed Since:** 2025-12-10
- **CEO:** Mr. Aravind Shivaputrappa Melligeri
- **Employees:** 1891
- **Face Value:** ₹10
- **F&O Eligible:** No
- **Website:** aequs.com

## About

Founded in 2000, Aequs focuses on high-precision, high-complexity components and assemblies for global OEMs and Tier-1 suppliers, especially in civil aviation.[1]

## Latest Price

- **Price:** ₹225.97
- **Change:** -3.99 (-1.74%)
- **Open:** ₹228.1
- **Day High:** ₹228.9
- **Day Low:** ₹222.11
- **Previous Close:** ₹229.96
- **Volume:** 2450720
- **As Of:** 2026-09-11T10:25:37+00:00

## Key Fundamentals

Observed at 2026-09-11T04:54:05.380137Z.

- **Market Cap:** ₹15075.89 Cr
- **Classification:** Smallcap
- **P/E (reported):** -90.6
- **EPS (TTM):** ₹-2.57
- **Book Value:** ₹22.16
- **Price to Book:** 10.38
- **Dividend Yield:** 0%
- **ROE:** -7.63%
- **ROCE:** 1.11%
- **Debt to Equity:** 0.47
- **Revenue (yearly):** ₹1295.8 Cr
- **Net Income:** ₹-113.3 Cr
- **EBITDA:** ₹154.4 Cr
- **52-Week High:** ₹274.39
- **52-Week Low:** ₹113.3
- **RSI (14):** 36.69

## Key Insights

### Weaknesses

- Stock is trading at 10.2 times its book value
- Company has low interest coverage ratio.
- Company has a low return on equity of -9.43% over last 3 years.
- Earnings include an other income of Rs.65.5 Cr.
- Debtor days have increased from 64.0 to 78.5 days.

## Growth Rates

| Metric | QoQ | 1Y | 3Y | 5Y |
| --- | --- | --- | --- | --- |
| cash flow growth | — | -477.77% | -416.75% | -176.56% |
| ebitda margin growth | -49.59% | 5.86% | -19.02% | — |
| net income growth | 0.93% | 10.64% | -5% | — |
| revenue growth | -1.48% | 35.09% | 15% | — |
| roce | -815.36% | -137.37% | -77.21% | — |
| roe | -0.91% | -46.64% | -7.81% | — |

## Financial Statements

### Quarterly Results

All figures in ₹ crore unless the row name says otherwise.

| Item | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 216 | 249 | 256 | 282 | 326 | 367 | 396 |
| Expenses | 209 | 225 | 228 | 253 | 297 | 363 | 381 |
| Operating Profit | 7 | 25 | 27 | 29 | 29 | 4 | 15 |
| OPM % | 3.4 | 10 | 11 | 10 | 9 | 1.1 | 3.7 |
| Other Income | 3 | 19 | 14 | 18 | -6 | 44 | 10 |
| Interest | 18 | 13 | 10 | 26 | 21 | 36 | 19 |
| Depreciation | 26 | 24 | 25 | 33 | 35 | 46 | 45 |
| Profit before tax | -34 | 6 | 6 | -12 | -33 | -33 | -40 |
| Tax % | 17 | -54 | 42 | 72 | 29 | 63 | 34 |
| Net Profit | -40 | 9 | 4 | -21 | -43 | -54 | -53 |
| EPS in Rs | -0.94 | 0.15 | 0.06 | -0.34 | -0.64 | -0.8 | -0.79 |

### Profit & Loss

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
| --- | --- | --- | --- | --- | --- |
| Sales | 812 | 965 | 925 | 1230 | 1370 |
| Expenses | 773 | 836 | 845 | 1139 | 1294 |
| Operating Profit | 40 | 129 | 79 | 92 | 76 |
| OPM % | 4.9 | 13 | 9 | 7 | 6 |
| Other Income | 25 | 44 | -6 | 69 | 65 |
| Interest | 69 | 69 | 64 | 94 | 101 |
| Depreciation | 100 | 108 | 103 | 138 | 158 |
| Profit before tax | -103 | -4 | -94 | -71 | -118 |
| Tax % | 6 | 233 | 9 | 58 | — |
| Net Profit | -110 | -14 | -102 | -113 | -170 |
| EPS in Rs | -2.33 | -0.26 | -1.76 | -1.69 | -2.57 |
| Dividend Payout % | 0 | 0 | 0 | 0 | — |

### Balance Sheet

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- |
| Equity Capital | 425 | 425 | 582 | 671 |
| Reserves | -146 | -15 | 135 | 816 |
| Borrowings | 664 | 1106 | 785 | 701 |
| Other Liabilities | 410 | 337 | 401 | 545 |
| Total Liabilities | 1352 | 1852 | 1903 | 2733 |
| Fixed Assets | 686 | 660 | 525 | 1070 |
| CWIP | 0 | 175 | 395 | 79 |
| Investments | 58 | 92 | 77 | 106 |
| Other Assets | 609 | 924 | 906 | 1478 |
| Total Assets | 1352 | 1852 | 1903 | 2733 |

### Cash Flow

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- |
| Cash from Operating Activity | 10 | -19 | 26 | -99 |
| Cash from Investing Activity | -95 | -346 | -70 | -365 |
| Cash from Financing Activity | 54 | 393 | 25 | 704 |
| Net Cash Flow | -31 | 28 | -18 | 241 |
| Free Cash Flow | -76 | -175 | -239 | -440 |
| CFO/OP | 27 | -12 | 48 | -80 |

### Ratios

| Item | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- |
| Debtor Days | 48 | 52 | 62 | 78 |
| Inventory Days | 313 | 336 | 420 | 450 |
| Days Payable | 215 | 177 | 215 | 238 |
| Cash Conversion Cycle | 146 | 210 | 267 | 290 |
| Working Capital Days | -45 | 10 | 12 | 49 |
| ROCE % | — | 4 | 1 | 2 |

## Shareholding Pattern

### Quarterly

| Category | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
| --- | --- | --- | --- | --- |
| Promoters | 65.72% | 59.08% | 59.08% | 59.09% |
| FIIs | 0% | 4.05% | 3.9% | 5.16% |
| DIIs | 0% | 11.62% | 11.38% | 8.85% |
| Government | 0% | 0% | 0% | 0% |
| Public | 0% | 3.53% | 3.81% | 4.93% |
| Others | 34.28% | 21.71% | 21.84% | 21.97% |
| No. of Shareholders | 104 | 142 | 40774 | 53564 |

## Technical Indicators

Derived from daily closing prices and recomputed each trading session; values move with the market.

- **Overall Signal:** Sell
- **Buy / Neutral / Sell:** 6 / 5 / 8

### Moving Averages — summary: **Strong Sell**

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 237.91 | Sell |
| EMA (10) | 236.17 | Sell |
| SMA (20) | 246.29 | Sell |
| EMA (20) | 240.32 | Sell |
| SMA (50) | 241.54 | Sell |
| EMA (50) | 236.18 | Sell |
| SMA (100) | 221.65 | Buy |
| EMA (100) | 218.41 | Buy |
| SMA (200) | — | Neutral |
| EMA (200) | — | Neutral |

### Oscillators — summary: **Buy**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 33.67 | Neutral |
| MACD (12,26,9) | -3.18 | Sell |
| Stochastic (14,3,3) | 6.71 | Buy |
| ADX (14) | 17.19 | Neutral |
| Williams %R (14) | -89.36 | Buy |
| ATR (14) | 8.96 | High Volatility |
| ROC (12) | -10.21 | Sell |
| Stoch RSI (14) | 0 | Buy |
| UO (7,14,28) | 29.86 | Buy |

## Analyst Ratings

| Recommendation | Analysts | Share |
| --- | --- | --- |
| Buy | 2 | 66.67% |
| Hold | 0 | 0% |
| Sell | 1 | 33.33% |

Based on 3 analyst ratings, observed at 2026-09-11T04:54:05.179066+00:00.

## Filings & Documents

### Exchange Filings & Announcements

| Date | Document |
| --- | --- |
| 2026-09-07 | [Shareholder Meeting / Postal Ballot-Scrutinizers Report](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=f92ab396-231e-41ea-b262-1d09a7708957.pdf) |
| 2026-09-04 | [Shareholder Meeting / Postal Ballot-Outcome of AGM](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=7d9bc570-922a-4db8-8640-767b16a30fd4.pdf) |
| 2026-08-29 | [Announcement under Regulation 30 (LODR)-Change in Management](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=044cc3a5-200e-4780-993a-6e6d131105ce.pdf) |
| 2026-08-29 | [Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPS](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=2f8a6ddd-904a-495c-89b5-5838fcb257a8.pdf) |
| 2026-08-20 | [Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=926efd22-84bd-44a0-9553-ba295e38db35.pdf) |
| 2026-08-14 | [Announcement under Regulation 30 (LODR)-Newspaper Publication](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=0c3c4ff3-c209-44c2-899b-95f951cc9339.pdf) |
| 2026-08-13 | [Submission Of Notice Of 26Th Annual General Meeting Of Aequs Limited.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=a88ec6d6-f454-4f27-b935-6896c40dc521.pdf) |
| 2026-08-13 | [Reg. 34 (1) Annual Report.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=5df6dd47-8094-41a8-a0da-56a373756aca.pdf) |
| 2026-08-13 | [Intimation Regarding Dispatch Of Letters Providing A Web Link Notice Of AGM And The Annual Report For The Financial Year 2025-26](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=9ac436bc-976e-4eec-857f-9631422915dd.pdf) |
| 2026-08-13 | [Business Responsibility and Sustainability Reporting (BRSR)](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=24c2abd4-b868-445d-86e3-36b28014e263.pdf) |

### Earnings Call Transcripts

| Date | Document |
| --- | --- |
| 2026-08-04 | [Announcement under Regulation 30 (LODR)-Earnings Call Transcript](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=a9338519-b657-4364-8c1b-c5a22e74e3cf.pdf) |
| 2026-06-02 | [Announcement under Regulation 30 (LODR)-Earnings Call Transcript](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=4bfee204-6e90-44b3-9c26-b547944949cf.pdf) |
| 2026-02-04 | [Announcement under Regulation 30 (LODR)-Earnings Call Transcript](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=26e10b06-dd0c-4b71-aae4-a0d780533760.pdf) |

### Investor Presentations

| Date | Document |
| --- | --- |
| 2026-07-29 | [Announcement under Regulation 30 (LODR)-Investor Presentation](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=0e3b0dcb-47ff-48a5-9699-2c34ad3375f2.pdf) |
| 2026-06-18 | [Announcement under Regulation 30 (LODR)-Investor Presentation](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=7fcd6122-7707-46a8-b7a4-0d0f89014798.pdf) |
| 2026-01-29 | [Announcement under Regulation 30 (LODR)-Investor Presentation](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=edc4168d-b964-408f-a0a7-9fc3aaf51896.pdf) |

### Results & Financial Statements

| Date | Document |
| --- | --- |
| 2026-07-29 | [Financial Results For The Quarter Ended June 30 2026.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=bf6cca7d-f90d-4e18-a0de-9c2b93d4e457.pdf) |
| 2026-05-30 | [Results - Financial Results For The Quarter And Year Ended March 31 2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=7c421c2c-d987-49bd-bf5f-6fe266aa711d.pdf) |
| 2026-01-29 | [Financial Results For The Quarter & Nine Months Period Ended 31.12.2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=16f758c3-8717-41f8-89d3-b809d4ac3fa2.pdf) |

### Earnings Call Recordings

| Date | Document |
| --- | --- |
| 2026-07-29 | [Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=9fa8d49a-9e06-4b22-bb02-6958855edf16.pdf) |
| 2026-05-26 | [Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=44a47f9d-6456-454e-9ceb-441c7b99265c.pdf) |
| 2026-01-29 | [Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=554fbed7-cc57-4528-b6c9-5f6c49b8ba8e.pdf) |

### Earnings Call Documents

| Date | Document |
| --- | --- |
| May 2026 | [Concall - May 2026](https://www.bseindia.com/xml-data/corpfiling/AttachHis/a683efb2-203b-4955-a8ab-3acfffe9ad4e.pdf) |
| May 2026 | [Concall - May 2026](https://www.bseindia.com/xml-data/corpfiling/AttachLive/a683efb2-203b-4955-a8ab-3acfffe9ad4e.pdf) |
| Jun 2026 | [Concall - Jun 2026](https://www.bseindia.com/xml-data/corpfiling/AttachLive/4bfee204-6e90-44b3-9c26-b547944949cf.pdf) |
| Jan 2026 | [Concall - Jan 2026](https://www.bseindia.com/xml-data/corpfiling/AttachHis/edc4168d-b964-408f-a0a7-9fc3aaf51896.pdf) |
| Feb 2026 | [Concall - Feb 2026](https://www.bseindia.com/xml-data/corpfiling/AttachHis/26e10b06-dd0c-4b71-aae4-a0d780533760.pdf) |

### Other Documents

| Date | Document |
| --- | --- |
| 9h - CFO Dinesh Iyer resigns; tendered March 24, 2026; relieved June 30, 2026. | [Announcement under Regulation 30 (LODR)-Resignation of Chief Financial Officer (CFO) 9h - CFO Dinesh Iyer resigns; tendered March 24, 2026; relieved June 30, 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/87bb1d05-6aee-4bfa-bf13-25d1a741c797.pdf) |
| 9h - CARE reports no deviation in Aequs' pre-IPO and IPO proceeds; ₹19.11 crore remains unutilized. | [Announcement under Regulation 30 (LODR)-Monitoring Agency Report 9h - CARE reports no deviation in Aequs' pre-IPO and IPO proceeds; ₹19.11 crore remains unutilized.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/cb7587b5-0528-46da-85cd-fc462dbe413c.pdf) |
| 8h - Hasbro intends to stop purchase orders from Aequs Engineered Plastics; impact under assessment. | [Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order 8h - Hasbro intends to stop purchase orders from Aequs Engineered Plastics; impact under assessment.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/b9740192-f384-4bf0-8cf3-8b8f9077afec.pdf) |
| 7h - Board approved amalgamation of three WOS into Aequs, subject to shareholder and regulatory approvals. | [Announcement under Regulation 30 (LODR)-Scheme of Arrangement 7h - Board approved amalgamation of three WOS into Aequs, subject to shareholder and regulatory approvals.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/d6708128-7c80-46bf-9ce2-b7907cd65db1.pdf) |
| 7h - Aequs clarifies ESOP 2025: exercise price = prior trading day's last price; 50% time-vesting over five years, rest performance-based. | [Clarification In Respect Of Exercise Price And Vesting Criteria For All The Grants Under Aequs Employee Stock Option Plan 2025 (ESOP 2025) 7h - Aequs clarifies ESOP 2025: exercise price = prior trading day's last price; 50% time-vesting over five years, rest performance-based.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/90df8231-5cb6-4c7e-82a7-922366cf7195.pdf) |
| 7 May - CARE placed Aequs and subsidiaries on RWD after proposed amalgamation into Aequs. | [Announcement under Regulation 30 (LODR)-Credit Rating 7 May - CARE placed Aequs and subsidiaries on RWD after proposed amalgamation into Aequs.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/38c92132-d593-462d-a62c-815cc34669d6.pdf) |
| 7 Apr - Regulation 74(5) certificate filed for quarter ended March 31, 2026. | [Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations 2018 7 Apr - Regulation 74(5) certificate filed for quarter ended March 31, 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/726e237c-814c-4422-8064-23ad98fa2a62.pdf) |
| 6h - Signed non-binding MoU with Karnataka for ~INR 2,856 crore expansion over five years at Belagavi and Hubballi. | [Announcement under Regulation 30 (LODR)-Memorandum of Understanding /Agreements 6h - Signed non-binding MoU with Karnataka for ~INR 2,856 crore expansion over five years at Belagavi and Hubballi.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/d743597c-3509-4b77-adfe-b2b923648570.pdf) |
| 6h - Acquired 1,000 shares (50%) of Aequs Foundation for INR 10,000; transfer completed March 27, 2026. | [Intimation Under Regulation 30 Of The SEBI (LODR) Regulations 2015 6h - Acquired 1,000 shares (50%) of Aequs Foundation for INR 10,000; transfer completed March 27, 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/e14eda1f-5493-4922-b34f-7e869dd9bf52.pdf) |
| 6 Mar - Invested INR 10,01,00,000 in JV; allotted 10,000 equity and 9,91,000 CCPS on March 06, 2026. | [Intimation Under Regulation 30 Of The SEBI (LODR) Regulations 2015 6 Mar - Invested INR 10,01,00,000 in JV; allotted 10,000 equity and 9,91,000 CCPS on March 06, 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/55a0dbae-f9c4-47b0-a277-2c3f2b5fb893.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| from bse | [Annual Report 2026 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/5df6dd47-8094-41a8-a0da-56a373756aca.pdf) |
| from bse | [Financial Year 2015 from bse](https://www.bseindia.com/bseplus/AnnualReport//5316450315.pdf) |
| from bse | [Financial Year 2013 from bse](https://www.bseindia.com/bseplus/AnnualReport//5316450613.pdf) |
| from bse | [Financial Year 2012 from bse](https://www.bseindia.com/bseplus/AnnualReport//5316450612.pdf) |
| from bse | [Financial Year 2011 from bse](https://www.bseindia.com/bseplus/AnnualReport//5316450611.pdf) |
| from bse | [Financial Year 2010 from bse](https://www.bseindia.com/bseplus/AnnualReport//5316450610.pdf) |

---

Provenance differs by section. Financial statements, shareholding and filings are as reported in company disclosures to NSE/BSE/SEBI. Price, volume and 52-week levels are exchange market data. Technical indicators are computed by Tapetide from daily closing prices. The Tapetide Score is Tapetide's own analysis. Analyst ratings are third-party estimates, not company statements. All figures are for research and information only and are not investment advice. Generated 2026-09-13T18:26:27.430Z.