---
title: "Aeron Composites Ltd (AERON) — Share Price, Financials & Analysis"
symbol: "AERON"
company: "Aeron Composites Ltd"
canonical: "https://tapetide.com/stocks/AERON"
isin: "INE0WL801011"
nse_symbol: "AERON"
sector: "Industrial Products"
industry: "Other Industrial Products"
market_cap_cr: 144.67
generated_at: "2026-09-13T18:37:07.190Z"
---

# Aeron Composites Ltd (AERON)

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

## Company

- **NSE Symbol:** AERON
- **ISIN:** INE0WL801011
- **Sector:** Industrial Products
- **Industry:** Other Industrial Products
- **Macro Sector:** Industrials
- **Stock Type:** EQUITY
- **Listed Since:** 2024-09-04
- **Face Value:** ₹10
- **F&O Eligible:** No
- **Website:** aeroncomposite.com

## About

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]

## Latest Price

- **Price:** ₹85
- **Change:** 0 (0%)
- **Open:** ₹85
- **Day High:** ₹85
- **Day Low:** ₹85
- **Previous Close:** ₹85
- **Volume:** 2000
- **As Of:** 2026-09-11T06:22:45+00:00

## Key Fundamentals

Observed at 2026-09-11T04:41:22.253454Z.

- **Market Cap:** ₹144.67 Cr
- **Classification:** SME
- **P/E (reported):** 16.6
- **Book Value:** ₹64.45
- **Price to Book:** 1.32
- **Dividend Yield:** 0%
- **ROE:** 13.21%
- **ROCE:** 16.86%
- **Debt to Equity:** 0.53
- **Revenue (yearly):** ₹221.84 Cr
- **Net Income:** ₹9.13 Cr
- **EBITDA:** ₹19.04 Cr
- **52-Week High:** ₹121.95
- **52-Week Low:** ₹70
- **RSI (14):** 62.2

## Tapetide Score

- **Score:** 55 / 100
- **Score date:** 2026-09-04
- **Archetype:** Losing Momentum
- **What it means:** A capable business whose price trend has turned while the multiple is still demanding. Often a re-rating in progress rather than a broken company — watch whether earnings stay resilient.
- **Pillar profile:** Quality: Good · Valuation: Expensive · Momentum: Falling
- **Percentile:** 70.1 (of 4473 scored stocks)
- **Confidence:** 88%
- **Data coverage:** 76%

| Pillar | Score | Weight |
| --- | --- | --- |
| financial health | 35.7 | 9% |
| growth | 40.02 | 9% |
| momentum | 46.23 | 12% |
| ownership | 62.69 | 24% |
| quality | 83.93 | 22% |
| valuation | 45.56 | 24% |

The Tapetide Score is decision-support only, not investment advice.

## Key Insights

### Weaknesses

- Though the company is reporting repeated profits, it is not paying out dividend
- Company might be capitalizing the interest cost

## Growth Rates

| Metric | 1Y | 3Y | 5Y |
| --- | --- | --- | --- |
| cash flow growth | -142% | -537.62% | -346.24% |
| ebitda margin growth | -21.19% | -5.15% | 19.1% |
| net income growth | -31.35% | 10% | 28% |
| revenue growth | 0.47% | 7% | 23% |
| roce | -54.94% | -59.25% | 30.85% |
| roe | -53.6% | 22.57% | -37.48% |

## Financial Statements

### Quarterly Results

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

| Item | Sep 2023 | Mar 2024 | Sep 2024 | Mar 2025 | Sep 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- |
| Sales | 82 | 118 | 108 | 109 | 117 | 103 |
| Expenses | 74 | 110 | 98 | 99 | 108 | 95 |
| Operating Profit | 8 | 8 | 10 | 9 | 9 | 8 |
| OPM % | 10 | 6 | 9 | 9 | 8 | 8 |
| Other Income | 1 | 1 | 2 | 2 | 4 | 1 |
| Interest | 1 | 0 | 1 | 1 | 1 | 2 |
| Depreciation | 1 | 1 | 2 | 1 | 2 | 5 |
| Profit before tax | 8 | 7 | 10 | 9 | 10 | 2 |
| Tax % | 34 | 26 | 31 | 22 | 24 | 33 |
| Net Profit | 5 | 5 | 7 | 7 | 7 | 1 |
| EPS in Rs | 31.98 | 32.56 | 3.91 | 3.91 | 4.25 | 0.87 |

### Profit & Loss

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

| Item | Mar 2018 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 45 | 77 | 79 | 108 | 179 | 200 | 215 | 222 |
| Expenses | 42 | 72 | 73 | 102 | 169 | 184 | 197 | 203 |
| Operating Profit | 3 | 6 | 6 | 6 | 10 | 16 | 18 | 19 |
| OPM % | 7 | 7 | 8 | 6 | 6 | 8 | 8 | 9 |
| Other Income | 0 | 1 | 0 | 2 | 3 | 2 | 5 | 3 |
| Interest | 1 | 1 | 1 | 1 | 2 | 1 | 2 | 3 |
| Depreciation | 1 | 1 | 2 | 2 | 2 | 2 | 3 | 7 |
| Profit before tax | 2 | 4 | 4 | 5 | 10 | 15 | 18 | 12 |
| Tax % | 30 | 29 | 30 | 28 | 31 | 30 | 27 | 26 |
| Net Profit | 1 | 3 | 3 | 4 | 7 | 10 | 13 | 9 |
| EPS in Rs | 9.31 | 22.23 | 19.62 | 27.85 | 42.2 | 64.54 | 7.84 | 5.12 |
| Dividend Payout % | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |

### Balance Sheet

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

| Item | Mar 2018 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Equity Capital | 1 | 1 | 1 | 1 | 2 | 2 | 17 | 17 |
| Reserves | 3 | 8 | 11 | 14 | 24 | 34 | 84 | 93 |
| Borrowings | 7 | 13 | 10 | 13 | 14 | 12 | 45 | 58 |
| Other Liabilities | 9 | 15 | 21 | 33 | 30 | 54 | 60 | 44 |
| Total Liabilities | 21 | 38 | 44 | 61 | 69 | 101 | 206 | 212 |
| Fixed Assets | 3 | 9 | 8 | 8 | 9 | 18 | 20 | 77 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 4 | 35 | 1 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Assets | 18 | 29 | 36 | 53 | 60 | 80 | 152 | 133 |
| Total Assets | 21 | 38 | 44 | 61 | 69 | 101 | 206 | 212 |

### Cash Flow

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

| Item | Mar 2018 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | 0 | 6 | 4 | 0 | 2 | 21 | -9 | 6 |
| Cash from Investing Activity | 0 | -5 | -2 | -2 | -4 | -14 | -34 | -29 |
| Cash from Financing Activity | 0 | 3 | -4 | 1 | 3 | -4 | 84 | 9 |
| Net Cash Flow | 0 | 3 | -2 | -1 | 1 | 3 | 41 | -14 |
| Free Cash Flow | 0 | 0 | 3 | -1 | -2 | 7 | -45 | -26 |
| CFO/OP | 1 | 106 | 58 | 24 | 41 | 168 | -21 | 50 |

### Ratios

| Item | Mar 2018 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | 73 | 62 | 88 | 70 | 63 | 76 | 77 | 79 |
| Inventory Days | 76 | 61 | 84 | 106 | 56 | 76 | 159 | 111 |
| Days Payable | 76 | 74 | 133 | 135 | 64 | 125 | 152 | 95 |
| Cash Conversion Cycle | 73 | 49 | 39 | 41 | 55 | 27 | 83 | 96 |
| Working Capital Days | 66 | 18 | 31 | 30 | 28 | 25 | 34 | 28 |
| ROCE % | — | — | 21 | 24 | 33 | 36 | 21 | 10 |

## Shareholding Pattern

### Quarterly

| Category | Jun 2024 | Sep 2024 | Mar 2025 | Sep 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- |
| Promoters | 100% | 73.63% | 73.63% | 73.63% | 73.63% |
| FIIs | 0% | 4.9% | 0% | 0% | 0.73% |
| DIIs | 0% | 0% | 0% | 0% | 0.25% |
| Government | 0% | 0% | 0% | 0% | 0% |
| Public | 0% | 14.44% | 19.65% | 22.19% | 21.72% |
| Others | 0% | 7.03% | 6.72% | 4.18% | 3.67% |
| No. of Shareholders | 21 | 1998 | 1779 | 1906 | 1789 |

## Technical Indicators

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

- **Overall Signal:** Strong Buy
- **Buy / Neutral / Sell:** 10 / 4 / 5

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

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 80.29 | Buy |
| EMA (10) | 81.3 | Buy |
| SMA (20) | 76.82 | Buy |
| EMA (20) | 79.19 | Buy |
| SMA (50) | 78.96 | Buy |
| EMA (50) | 79.41 | Buy |
| SMA (100) | 84.03 | Buy |
| EMA (100) | 82.89 | Buy |
| SMA (200) | 89.9 | Sell |
| EMA (200) | 90.88 | Sell |

### Oscillators — summary: **Sell**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 62.2 | Neutral |
| MACD (12,26,9) | 1.82 | Buy |
| Stochastic (14,3,3) | 87.55 | Sell |
| ADX (14) | 23.45 | Neutral |
| Williams %R (14) | -13.58 | Sell |
| ATR (14) | 3.13 | High Volatility |
| ROC (12) | 15.25 | Buy |
| Stoch RSI (14) | 83.58 | Sell |
| UO (7,14,28) | 64.6 | Neutral |

## Filings & Documents

### Other Documents

| Date | Document |
| --- | --- |
| 9 June 2026 - Investor presentation for H2 and FY2026; new 51,671 sq. mtr. facility fully operational at 22,000 MT capacity. | [General Updates 9 June 2026 - Investor presentation for H2 and FY2026; new 51,671 sq. mtr. facility fully operational at 22,000 MT capacity.](https://nsearchives.nseindia.com/corporate/AERON_09062026125543_INVESTORPRESENTATION31032026.pdf) |
| 9 April 2026 - RTA confirmed dematerialisation requests processed for quarter ended 31 March 2026. | [Certificate under SEBI (Depositories and Participants) Regulations, 2018 9 April 2026 - RTA confirmed dematerialisation requests processed for quarter ended 31 March 2026.](https://nsearchives.nseindia.com/corporate/AERON_09042026124557_REGULATION74_5_31032026.pdf) |
| 9 April 2026 - Investors have latest relevant information about the company and to inform the market place so that the interest of the investors is safeguarded, has written … | [Price movement 9 April 2026 - Investors have latest relevant information about the company and to inform the market place so that the interest of the investors is safeguarded, has written …](https://www.nseindia.com/companies-listing/corporate-filings-announcements?symbol=AERON&tabIndex=sme) |
| 8 April 2026 - Aeron Composite held a group site visit with analysts/investors on 7 April 2026. | [Analysts/Institutional Investor Meet/Con. Call Updates 8 April 2026 - Aeron Composite held a group site visit with analysts/investors on 7 April 2026.](https://nsearchives.nseindia.com/corporate/AERON_08042026171129_OUTCOME_INVESTOR_MEET.pdf) |
| 7 Sep - 15th AGM on 30 September 2026; annual report FY2025-26 shared with shareholders and KYC reminder issued. | [General Updates 7 Sep - 15th AGM on 30 September 2026; annual report FY2025-26 shared with shareholders and KYC reminder issued.](https://nsearchives.nseindia.com/corporate/AERON_07092026182001_REG36COMPLIANCE_2026.pdf) |
| 5 Sep - Notice for 15th AGM on 30 Sept 2026; approves financials, director reappointments and two managerial appointments. | [Shareholders meeting 5 Sep - Notice for 15th AGM on 30 Sept 2026; approves financials, director reappointments and two managerial appointments.](https://nsearchives.nseindia.com/corporate/AERON_05092026182347_NOTICEOFAGM2026.pdf) |
| 5 Sep - Corrigendum fixes 4 September 2026 cut-off date for AGM notice and annual report dispatch. | [Corrigendum 5 Sep - Corrigendum fixes 4 September 2026 cut-off date for AGM notice and annual report dispatch.](https://nsearchives.nseindia.com/corporate/AERON_05092026210437_CorrigendumtoBM29082026.pdf) |
| 5 June 2026 - Promoter group disclosed 12,532,000 shares held as of 31 March 2026 with no encumbrance. | [Disclosure under SEBI Takeover Regulations 5 June 2026 - Promoter group disclosed 12,532,000 shares held as of 31 March 2026 with no encumbrance.](https://nsearchives.nseindia.com/corporate/team_bbodade_22042026154815_AERON.pdf) |
| 31 January 2026 - EOGM results: 30 Jan 2026; special resolution to change registered office passed with 10,797,672 votes (63.44%). | [Shareholders meeting 31 January 2026 - EOGM results: 30 Jan 2026; special resolution to change registered office passed with 10,797,672 votes (63.44%).](https://nsearchives.nseindia.com/corporate/AERON_31012026131135_SCRUTINIZERREPORTNSE.pdf) |
| 30 January 2026 - EOGM on 30 Jan 2026 to consider change in registered office; voting result pending. | [Shareholders meeting 30 January 2026 - EOGM on 30 Jan 2026 to consider change in registered office; voting result pending.](https://nsearchives.nseindia.com/corporate/AERON_30012026155835_OUTCOMEEGM30012026.pdf) |

### Earnings Call Documents

| Date | Document |
| --- | --- |
| Sep 2020 | [Concall - Sep 2020](https://www.bseindia.com/xml-data/corpfiling/AttachHis/bd76e76e-4117-4c8e-bff9-a09973759920.pdf) |
| Nov 2025 | [Concall - Nov 2025](https://nsearchives.nseindia.com/corporate/AERON_26112025133124_TRANSCRIPT.pdf) |
| Nov 2025 | [Concall - Nov 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/3d00e539-af29-460c-b4c7-a76d50ddfd52.pdf) |
| Nov 2024 | [Concall - Nov 2024](https://nsearchives.nseindia.com/corporate/AERON_19112024174414_INVESTORSPRRESENTATION.pdf) |
| Nov 2024 | [Concall - Nov 2024](https://www.bseindia.com/xml-data/corpfiling/AttachHis/5737c156-4436-4412-a9af-b1ab51a8cf46.pdf) |
| Nov 2023 | [Concall - Nov 2023](https://www.bseindia.com/xml-data/corpfiling/AttachHis/f71b66a3-663b-455a-9dad-4397f3904e4b.pdf) |
| Nov 2022 | [Concall - Nov 2022](https://www.bseindia.com/xml-data/corpfiling/AttachHis/970f58fd-d56c-4363-86aa-06e8a379e22f.pdf) |
| Nov 2021 | [Concall - Nov 2021](https://www.bseindia.com/xml-data/corpfiling/AttachHis/eb5bdbae-5f5b-493c-bbee-2a0e32e9c19c.pdf) |
| Nov 2020 | [Concall - Nov 2020](https://www.bseindia.com/xml-data/corpfiling/AttachHis/d488975c-8c1f-4f44-b725-c99dcfa173e0.pdf) |
| Nov 2018 | [Concall - Nov 2018](https://www.bseindia.com/xml-data/corpfiling/CorpAttachment/2018/11/14d7b53f-4fb5-432d-b3fb-db59729d16e0.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| from nse | [Annual Report 2026 from nse](https://archives.nseindia.com/annual_reports/SME_AR_31586_AERON_2025_2026_A_2672951_05092026184431.pdf) |
| from nse | [Annual Report 2025 from nse](https://archives.nseindia.com/annual_reports/SME_AR_27959_AERON_2024_2025_A_3568459_30082025170314.pdf) |
| from nse | [Annual Report 2024 from nse](https://archives.nseindia.com/annual_reports/SME_AR_26261_AERON_2023_2024_26092024182038.pdf) |
| from bse | [Financial Year 2025 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/635921bc-e50f-4c95-b0b5-68b2b2bfdf19.pdf) |
| from bse | [Financial Year 2024 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/71cbc793-7895-45a8-9fd3-0a16e781c3bb.pdf) |
| from bse | [Financial Year 2023 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/0eae53c3-7918-4af3-a461-a11a52c7b60d.pdf) |
| from bse | [Financial Year 2022 from bse](https://www.bseindia.com/bseplus/AnnualReport/540048/74830540048.pdf) |
| from bse | [Financial Year 2021 from bse](https://www.bseindia.com/bseplus/AnnualReport/540048/69671540048.pdf) |
| from bse | [Financial Year 2020 from bse](https://www.bseindia.com/bseplus/AnnualReport/540048/66335540048.pdf) |
| from bse | [Financial Year 2019 from bse](https://www.bseindia.com/bseplus/AnnualReport/540048/5400480319.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 2026-09-13T18:37:07.190Z.