Aeroflex Neu Limited (AERONEU.NS) Valuation

Valuation

Model-based estimates, not advice. The DCF is the discounted-cash-flow value per share; compare it with the price, not as a target.

DCF fair value

-150.1%

-₹41.27

vs ₹82.39 price

Levered DCF

₹17.15

After debt service

Piotroski score

2 / 9

Weak

Altman Z-score

—

Rating

C-

Overall 1 / 5

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
P/E	112.88×	900.22×	256.25×	36.57×	33.06×	108.84×	108.84×	469.74×
P/B	1.81×	2.06×	1.96×	1.3×	1.64×	5.79×	6.93×	7.4×
P/S	1.47×	1.39×	1.51×	1.14×	1.73×	2.53×	2.55×	2.87×
EV / EBITDA	23.35×	33.16×	26.04×	14.91×	19.4×	54.17×	43.15×	55.83×
Gross margin	28.9%	30.3%	29.2%	29.7%	27.9%	30.1%	21.5%	24.7%
Operating margin	0.4%	2.6%	2.4%	6.0%	26.1%	25.7%	3.7%	1.3%
Net margin	1.3%	0.2%	0.7%	3.6%	5.2%	2.3%	2.3%	0.6%
Current ratio	2.58×	2.06×	2.25×	2.18×	2.66×	1.05×	1.42×	1.43×
Debt / equity	0.23×	0.32×	0.34×	0.36×	0.3×	1.27×	0.69×	0.55×
Interest coverage	0.23×	0.95×	1.13×	4×	18.84×	0×	1.46×	0.49×
Dividend yield	0.0%	0.0%	0.8%	1.2%	0.0%	0.0%	0.0%	0.0%
Payout ratio	0.0%	0.0%	161.9%	37.8%	0.0%	0.0%	0.0%	0.0%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	1.6%	0.2%	0.9%	4.1%	5.0%	5.3%	6.3%	1.6%
Return on invested capital	0.2%	1.7%	1.5%	3.5%	14.6%	19.0%	4.5%	1.2%
Return on assets	1.2%	0.2%	0.6%	2.6%	3.3%	1.9%	3.1%	0.8%
Free cash flow yield	-0.1%	1.0%	1.1%	-43.2%	-6.2%	-0.7%	1.2%	1.2%
Earnings yield	0.9%	0.1%	0.5%	3.1%	3.0%	0.9%	0.9%	0.2%
Enterprise value	₹2B	₹2B	₹1.9B	₹1.3B	₹1.5B	₹1.7B	₹1.5B	₹1.5B
Net debt / EBITDA	0.78×	3.88×	3.37×	2.63×	1.82×	9.22×	3.38×	3.51×
Cash conversion cycle (days)	183	167	195	207	243	165	136	78