Aeron CompositeShare price, financial results, shareholding and management
- Market cap
- ₹132 cr
- Stock P/E
- 15.1peers 19.1
- Book value
- ₹64.5
- Price to book
- 1.20
- EV / operating profit
- 8.2
- Market cap to sales
- 0.59
- ROCE · FY26
- 9.7%
- ROE · FY26
- 8.3%
- ROE, 3-year average
- 20.0%
- Operating margin · FY26
- 8.7%peers 8.3%
- Sales growth, 3 years
- 7.4%
- Profit growth, 3 years
- 7.6%
- Debt to equity
- 0.53peers 0.85
- Borrowings
- ₹58 cr
- Interest cover
- 4.4×
- Cash from business / op. profit
- 29%
- Debtor days
- 79
- Pledged
- 0.00%
- Promoter holding
- 73.63%
- Change in promoter holding
- 0.00 pts
- Shareholders
- 1,666
- 52-week high / low
- ₹116 / ₹69
- Dividend yield
- 0.00%
- Face value
- ₹10
Tap or hover on any figure for what it means. Our arithmetic on reported figures, at the latest close.
Aeron Composite share price chart
Close on 6 Nov 2026 · +1.24% on the day · Vol 12,000
Daily prices to 6 Nov 2026, adjusted for splits and bonuses. Closing prices only: check the exchange for the live price.
Share price returns
To the close of 6 Nov 2026
- 1 month
- -11.5%
- 3 months
- -0.6%
- 6 months
- -19.5%
- 1 year
- -29.4%
- Since IPO
- -38.1%
- Traded a day, 20 days
- ₹0.08 cr
- Taken for delivery
- 77%
Business growth
Sales and net profit, from the reported results
| Sales | Profit | |
|---|---|---|
| FY26 on FY25 | +3% | -35% |
| 3 years, a year | +7% | +8% |
| Latest half, H2 FY26 | -4% | -78% |
About Aeron Composite: business, products and customers
Aeron Composite makes rust-proof parts from glass fibre and resin, such as cable trays, floor gratings, rods for optic fibre cables and bars that replace steel in concrete, for factories, utilities and road builders in India and abroad. Its shares trade on NSE Emerge.
Aeron Composite makes fibre reinforced plastic products at a plant in Jornang, Mehsana district, Gujarat: pultruded profiles, cable trays and fencing, moulded gratings, UV-cured rods used as the strength core of optic fibre cables and, since commercial sales began in March 2025, glass fibre rebar for roads, bridges and coastal works. Buyers are EPC contractors and plant owners in chemicals, oil and gas, power, water treatment and telecom; the offer document names ONGC Tripura Power, NTPC, Larsen & Toubro, Tata Projects, Grasim and Atul among clients, and the November 2025 call added Wabag, IRB, Apar and OFS of the Furukawa group. Exports to 39 countries were 52% of FY26 revenue, and no single customer reached 10% of revenue in FY25 or FY26.
Glass fibre and resin are most of the cost: raw materials were 65.28% of manufacturing revenue in the eleven months to February 2024, so profit is a thin conversion margin that narrows when input prices jump, as they did in FY26 after the Middle East conflict lifted polymer prices. Because about half the sales are exported, currency gains matter too; from FY26 the company counts export exchange gains (₹3.8 cr in FY26) as operating income rather than other income, so FY25 figures were restated. Moving out of a rented plant at Changodar into its own Mehsana plant removes rent the company put at about ₹32 lakh a month, but adds depreciation and interest on the new building and machines.
Read more about the business
The September 2024 IPO raised ₹56.1 cr at ₹125 a share, of which ₹39.0 cr was for the new unit making rebar and carbon fibre products; ₹28.1 cr of that was still unspent at March 2026. The company began commercial production at the Jornang unit on 18 September 2025 and plans to go from two to five rebar lines by FY27 and to launch carbon fibre products by the end of the first half of FY27.
The offer document says Aeron has no direct listed competitor. In GFRP rebar, the November 2025 call named Jindal Advanced Material, a JSW group company, and Rathi Steel of Delhi as the established makers, each with more machines than Aeron's two lines at the time.
From the offer document (RHP) of August 2024, the FY25 and FY26 annual reports, the June 2026 investor presentation, the November 2025 earnings call, the FY26 results filing and the company's NSE announcements.
Read the deeper study ↓In its favour
- The promoters own a large part of the company: 73.63%.
To watch
- Results for the half to September 2026 against the guidance of 15% or more yearly revenue growth and a 10% or more EBITDA margin, and rebar lines going from two to five by FY27 (Investor presentation, June 2026, p.16 and p.27).
- Use of the ₹28.1 cr of IPO money held in a monitoring account at March 2026 for the new unit (Annual report FY26, p.65).
- The handover after Chirag Chandulal Patel's exit as Managing Director on 30 September 2026, with Ravi Pankajkumar Patel proposed in that role (NSE announcement, 23 August 2026; Annual report FY26, p.8 and p.15).
- Related party dealings: job work of ₹4.2 cr with Chamak Polymers and purchases of ₹3.9 cr from Chamak Paint & Coating in FY26 (Annual report FY26, p.64).
- It paid no dividend in the past year.
From the company's documents first, then the reported figures read by fixed rules, the same for every company. Facts, not a view on the shares.
Aeron Composite revenue and profit growth
Half-yearly results · Profit and lossSales have grown slowly. Last year profit fell even as sales rose, so the company kept less from each rupee of sales.
SME companies report every six months. In the latest half, sales were lower than in the same half a year before. Profit grew more slowly than sales, so each rupee of sales left a little less profit.
Aeron Composite half-yearly results
SME companies report every six months · ₹ crore
| H1FY24 | H2FY24 | H1FY25 | H2FY25 | H1FY26 | H2FY26 | |
|---|---|---|---|---|---|---|
| Sales | 82 | 118 | 108 | 107.45 | 116.69 | 103.01 |
| Expenses | 74 | 110 | 98 | 99.16 | 107.71 | 94.98 |
| Operating profit | 8 | 8 | 10 | 8.30 | 8.98 | 8.03 |
| OPM | 10.0% | 6.0% | 9.0% | 7.7% | 7.7% | 7.8% |
| Interest | 1 | 0 | 1 | 1.46 | 1.45 | 1.98 |
| Depreciation | 1 | 1 | 2 | 1.49 | 1.78 | 4.85 |
| Profit before tax | 8 | 7 | 10 | 8.54 | 9.51 | 2.21 |
| Net profit | 5 | 5 | 7 | 6.69 | 7.23 | 1.48 |
Aeron Composite profit and loss
Full years to March, FY18 to FY26 · ₹ crore, consolidated where reported
| FY18 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 | |
|---|---|---|---|---|---|---|---|---|
| Sales | 45 | 77 | 79 | 108 | 179 | 200 | 215.31 | 221.84 |
| Expenses | 42 | 72 | 73 | 102 | 169 | 184 | 197.01 | 202.61 |
| Operating profit | 3 | 6 | 6 | 6 | 10 | 16 | 18.30 | 19.23 |
| OPM | 7.0% | 7.0% | 8.0% | 6.0% | 6.0% | 8.0% | 8.5% | 8.7% |
| Other income | 0 | 1 | 0 | 2 | 3 | 2 | 5.45 | 2.75 |
| Interest | 1 | 1 | 1 | 1 | 2 | 1 | 2.37 | 3.44 |
| Depreciation | 1 | 1 | 2 | 2 | 2 | 2 | 3.20 | 6.63 |
| Exceptional and other items | 1 | -1 | 1 | · | 1 | · | · | · |
| Profit before tax | 2 | 4 | 4 | 5 | 10 | 15 | 18.18 | 11.72 |
| Tax rate | 50.0% | 25.0% | 25.0% | 20.0% | 30.0% | 33.3% | 26.6% | 25.6% |
| Net profit | 1 | 3 | 3 | 4 | 7 | 10 | 13.34 | 8.72 |
| EPS ₹ | 1.16 | 2.78 | 2.45 | 3.48 | 5.29 | 8.09 | 8.84 | 5.12 |
| Dividend payout | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
The years to FY24 come rounded to the nearest crore in the source.
Exceptional and other items: profit before tax beyond operating profit, other income, interest and depreciation, such as one-off items or a share of associates' profit, as reported.
Aeron Composite profitability
Margins and returns on capitalLast year the company kept about as much from each rupee of sales as the year before. It earns a low return on the money it uses.
Operating margin, every year
Per cent of sales kept before interest, depreciation and tax
| FY18 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 | |
|---|---|---|---|---|---|---|---|---|
| Operating margin | 7.0% | 7.0% | 8.0% | 6.0% | 6.0% | 8.0% | 8.5% | 8.7% |
| Tax rate | 50.0% | 25.0% | 25.0% | 20.0% | 30.0% | 33.3% | 26.6% | 25.6% |
| ROCE | · | 30.3% | 22.7% | 24.0% | 35.3% | 36.4% | 21.1% | 9.7% |
| ROE | · | 46.2% | 28.6% | 29.6% | 34.1% | 32.3% | 19.5% | 8.3% |
| Dividend payout | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
Aeron Composite debt and cash flow
Balance sheet · Cash flow · Working capitalThe company's own money, its net worth, has grown. Its loans are smaller than its own money. Last year the business brought in less cash than it showed as profit, so part of the profit is still to be collected. It spent more on assets and investments than the business brought in, and raised the rest from loans or shares. Customers take about as long to pay as they did in FY24.
Bars below the line are cash going out.
Aeron Composite balance sheet
At each 31 March · ₹ crore
| FY18 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 | |
|---|---|---|---|---|---|---|---|---|
| Equity capital | 1 | 1 | 1 | 1 | 2 | 2 | 17.02 | 17.02 |
| Reserves | 3 | 8 | 11 | 14 | 24 | 34 | 83.96 | 92.68 |
| Net worth | 4 | 9 | 12 | 15 | 26 | 36 | 100.98 | 109.70 |
| Borrowings | 7 | 13 | 10 | 13 | 14 | 12 | 45.49 | 57.95 |
| Other liabilities | 10 | 16 | 22 | 33 | 29 | 53 | 59.86 | 43.96 |
| Total liabilities | 21 | 38 | 44 | 61 | 69 | 101 | 206.33 | 211.61 |
| Fixed assets | 3 | 9 | 8 | 8 | 9 | 18 | 19.54 | 76.32 |
| Capital work in progress | 0 | 0 | 0 | 0 | 0 | 4 | 35 | 2 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other assets | 18 | 29 | 36 | 53 | 60 | 79 | 151.79 | 133.29 |
| Receivables | · | · | · | · | · | · | 45.15 | 48.10 |
| Inventory | · | · | · | · | · | · | 53.70 | 40.91 |
| Cash | · | · | · | · | · | · | 45.68 | 31.96 |
| Trade payables | · | · | · | · | · | · | 51.41 | 34.82 |
Aeron Composite cash flow
₹ crore
| FY18 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 | |
|---|---|---|---|---|---|---|---|---|
| Cash from operations | 0 | 6 | 4 | 0 | 2 | 21 | -8.84 | 5.58 |
| Cash from investing | 0 | -5 | -2 | -2 | -4 | -14 | -34.07 | -28.67 |
| Cash from financing | 0 | 3 | -4 | 1 | 3 | -4 | 83.53 | 9.33 |
| Net cash flow | 0 | 4 | -2 | -1 | 1 | 3 | 40.62 | -13.76 |
| Capital spending | · | · | · | · | · | · | 36.25 | 31.34 |
Working capital
Days
| FY18 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 | |
|---|---|---|---|---|---|---|---|---|
| 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 | 82 | 96 |
| Working capital days | 66 | 18 | 31 | 30 | 28 | 25 | 33 | 28 |
Aeron Composite peers and competitors
Listed SME companies in the same industryBy sales, Aeron Composite is number 44 of the 156 listed SME companies in industrial products.
Each company's latest full year and its latest close; companies the exchange puts in the same industry, whose businesses can differ a good deal. A list, not a comparison of their shares.
| Company | Market cap ₹ cr | P/E | Sales ₹ cr | Profit ₹ cr | Op. margin | Debt/equity |
|---|---|---|---|---|---|---|
| Prime Cable Industries | 368 | 30.6 | 235 | 12 | 10.0% | 0.85 |
| Krishca Strapping Solutions | 308 | 26.9 | 234 | 11.4 | 12.2% | 0.62 |
| Maiden Forgings | 139 | 27.8 | 232 | 5 | 6.0% | 0.85 |
| Sharvaya Metals | 198 | 16.5 | 230 | 12 | 8.0% | 0.16 |
| ANB Metal Cast | 401 | 19.1 | 225 | 21 | 15.0% | 0.49 |
| Aeron Composite | 132 | 15.1 | 222 | 8.7 | 8.7% | 0.53 |
| Vama Wovenfab | - | - | 214 | 12 | 8.0% | 0.86 |
| Shakti Polytarp | 96 | 9.6 | 208 | 10 | 9.0% | 2.61 |
| Shri Kanha Stainless | 33 | 3.7 | 206 | 8.7 | 8.6% | 0.91 |
| Shree Tirupati Balajee FIBC | 282 | 99.0 | 203 | 2.9 | 7.3% | 1.08 |
| Shubhshree Biofuels Energy | 179 | 17.0 | 202 | 10.5 | 7.4% | 0.32 |
| Median of the 10 others | 198 | 19.1 | 220 | 11 | 8.3% | 0.85 |
Aeron Composite shareholding pattern
Promoters, FIIs, DIIs, HNIs and small holdersThe promoters own more than half the company. Big foreign and Indian funds own very little. The number of shareholders is about the same.
Aeron Composite shareholding pattern
Per cent of shares, from the patterns filed with the exchange. Tap + to see everyone holding 1% or more in that group. HNIs and small holders show only where the pattern was filed in full.
| Sep 24 | Mar 25 | Sep 25 | Mar 26 | Sep 26 | |
|---|---|---|---|---|---|
| Promoters | 73.63% | 73.63% | 73.63% | 73.63% | 73.63% |
| Foreign investors (FIIs) | 4.90% | 0.39% | 0.73% | 0.73% | 0.73% |
| Indian institutions (DIIs) | 3.49% | 2.98% | 0.25% | 0.25% | 0.25% |
| HNIs (over ₹2 lakh each) | 0.86% | 3.31% | 2.17% | 3.20% | 4.06% |
| Small holders (up to ₹2 lakh) | 13.58% | 16.34% | 20.02% | 18.51% | 17.57% |
| Companies and others | 3.54% | 3.35% | 3.20% | 3.68% | 3.76% |
| Number of shareholders | 1,648 | 1,779 | 1,906 | 1,789 | 1,666 |
The named holders are at 30 Sept 2026, beside 31 March 2026, each under the group the pattern files them in.
Aeron Composite study: the business from its own documents
Read from 7 of the company's own documentsAeron Composite so far
From the company's own record
- 4 Sept 2024Listed on NSE Emerge at ₹125
- 30 Sept 2026Promoters at 73.63%
- 26 Dec 2024Highest close since listing, ₹181.08
Aeron Composite key facts from the filings
Each figure with the document it comes from
- Sales in FY26
- ₹221.8 cr
- Against ₹218.0 cr for FY25 restated; profit after tax fell to ₹8.7 cr from ₹13.3 cr.Investor presentation, June 2026, p.32; Annual report FY26, p.19
- Second half profit before tax
- ₹2.2 cr
- For October 2025 to March 2026, against ₹8.5 cr a year earlier and ₹9.5 cr in the half before.FY26 results filing, 20 May 2026, p.17
- Exports
- 52%
- Share of FY26 revenue from outside India; export sales fell to ₹115.2 cr from ₹131.7 cr while India sales rose to ₹106.6 cr.Annual report FY26, p.63; Investor presentation, June 2026, p.26
- Output
- 11,360 MT
- Tonnes made in FY26, down from 12,815 MT in FY25 while production moved to the new plant.Investor presentation, June 2026, p.24
- Largest customer
- Under 10%
- No single customer reached a tenth of revenue in FY25 or FY26.Annual report FY26, p.63
Show 5 more facts
- Order book
- ₹45 cr
- Orders in hand stated on the November 2025 call, a few months of sales.Earnings call, November 2025, p.7 and p.19
- Rebar lines
- 2 → 5
- Two GFRP rebar lines running, five planned by FY27; bending lines to go from four to eight by H1 FY27.Investor presentation, June 2026, p.16
- IPO money unspent
- ₹28.1 cr
- Of ₹39.0 cr raised for the new unit, held in a monitoring account at March 2026; the offer document scheduled commercial operation for December 2025.Annual report FY26, p.65; Offer document, p.89
- Related party job work
- ₹4.2 cr
- Paid to Chamak Polymers in FY26, an enterprise under significant influence of key managers; Aeron also bought ₹3.9 cr of goods from Chamak Paint & Coating.Annual report FY26, p.63 to p.64
- Managing Director
- Resigned 30 Sep 2026
- Chirag Chandulal Patel left as Managing Director and director, citing personal and professional commitments; Ravi Pankajkumar Patel was proposed to take over.NSE announcement, 23 August 2026; Annual report FY26, p.8 and p.15
What the company said, and what happened
The company's own statements, attributed, set against what it later reported; not newboard's estimates
In its June 2026 presentation the company guided to revenue growth of 15% or more a year over three years and an EBITDA margin of 10% or more. It plans to take GFRP rebar from two to five lines by FY27 and bending lines from four to eight by the first half of FY27, to introduce carbon fibre products by the end of the first half of FY27, and to lift plant use above 60% to 65% by FY27. The FY26 annual report calls FY26 a transition and investment year.
| What management said | When | What happened |
|---|---|---|
| New IPO-funded unit in commercial operation by December 2025 | Offer document, August 2024 | ₹28.1 cr of ₹39.0 cr unspent at March 2026; rebar and carbon fibre steps now dated FY27 |
| Five rebar lines by FY26 | FY25 annual report and November 2025 call | Two lines in June 2026; five now planned by FY27 |
| Revenue growth of at least 15% a year | November 2025 call | FY26 revenue ₹221.8 cr against ₹218.0 cr restated for FY25 |
Is it a good business? Six questions
Each answer is about that one question, read from the documents; tap one for the evidence. Not a view on the shares.
Aeron turns glass fibre and resin into rust-proof parts for industry and infrastructure, and sells about half of them abroad.
Its weak spots are thin margins that rise and fall with raw material prices, a new plant that is far from full and a change at the top.
WatchCan it set its own prices?Raw materials are most of the cost, and last year's profit fell when their prices rose faster than Aeron could pass them on.
AverageHow strong is it against rivals?It makes a wide range with in-house R&D and many approvals, but in the new rebar business larger makers got there first.
StrongWho are its customers?A wide spread of industrial and infrastructure buyers in India and abroad, with no one customer large enough to hurt badly if lost.
AverageDoes it need a lot of money?The new plant and its machines took the IPO money and new bank loans, and borrowings now exceed cash, though buyers pay within a few months.
AverageCan it keep finding new work?Orders in hand cover only a few months, so growth depends on new products like rebar and carbon fibre taking off.
AverageDo good and bad years swing a lot?Sales rose every year until a flat FY26, but profit has moved with input prices, exports and the plant move.
Who runs Aeron Composite?
Promoters, directors and officers; tap a name for the background
DRDilipkumar Ratilal PatelPromoter, Chairman and Non-Executive Director · holds 2.82%
Passed the first year of B.Com at Saurashtra University in 1975; over 39 years in paint, ceramics, real estate and composites, 13 of them in composites; with the company since incorporation in 2011 and chairman since October 2021, guiding strategy, human resources and CSR. Paid ₹0.88 cr in FY26. The offer document states Dilipkumar Ratilal Patel is the uncle of Chirag Chandulal Patel and Ravi Pankajkumar Patel and a cousin of Pankaj Shantilal Dadhaniya.
Offer document, p.140, p.143 and p.151; Annual report FY26, p.34 and p.64CCChirag Chandulal PatelPromoter, Managing Director until 30 September 2026 · holds 2.67%
Higher Secondary (2005); over 13 years in packaging, food and composites, joining the company in 2021 and running production, operations, vendors and after-sales service; Managing Director from October 2021. Resigned as Managing Director and director with effect from the close of 30 September 2026 by a letter of 21 August 2026, citing personal and professional commitments. The offer document lists Chirag Chandulal Patel among the directors with an interest in the Jornang plant land, bought in April 2023 from five individuals the FY26 annual report lists as relatives of key managerial personnel.
Offer document, p.140 and p.143; NSE announcement, 23 August 2026, p.1 to p.2; Annual report FY26, p.63RPRavi Pankajkumar PatelPromoter and Whole Time Director, proposed Managing Director from 1 October 2026 · holds 3.13%
MBA in family business and entrepreneurship from Nirma University (2011); over 14 years of work, in composites since 2014, running sales, marketing and business planning; led the November 2025 earnings call. On 29 August 2026 the board approved the change to Managing Director for five years from 1 October 2026, subject to members' approval at the 30 September 2026 AGM. Paid ₹0.88 cr in FY26.
Offer document, p.140; Annual report FY26, p.8, p.15 and p.64; Earnings call, November 2025, p.3PSPankaj Shantilal DadhaniyaPromoter and Whole Time Director · holds 8.20%
MBA from the University of Pune (1997); over 19 years in ceramics, food, engineering, real estate and composites; with the company since 2011 and in charge of finance and secretarial work; a director of the corporate promoter A. International. The company rents premises from Pankaj Shantilal Dadhaniya (₹6.54 lakh in FY26). Paid ₹0.88 cr in FY26.
Offer document, p.140, p.143 and p.154; Annual report FY26, p.34 and p.64AIA. International Private LimitedCorporate promoter · holds 20.16%
Began in 2004 as the partnership K. R. Refractory and became a private company in 2008; it has no business operations of its own. Its directors are Pankaj Shantilal Dadhaniya and Hemang Bipinbhai Patel. It has a pending petition in the Gujarat High Court against an income tax reassessment notice for assessment year 2010-11.
Offer document, p.153 to p.154 and p.221HBHemang Bipinbhai PatelWhole Time Director from 29 August 2026 · holds 3.23%
MBA in family business and entrepreneurship; over 12 years in manufacturing and management; appointed by the board on 29 August 2026 as an additional director and Whole Time Director for five years at up to ₹0.88 cr a year, subject to members' approval. A member of the promoter group and a director of A. International.
Annual report FY26, p.9 and p.15 to p.16; Offer document, p.24 and p.154NKNaveen Kumar MandovaraIndependent Director, chair of the audit committee
Member of the Institute of Chartered Accountants of India since 2012 and of the Institute of Company Secretaries of India since 2004, with over 20 years in finance, audit, tax and compliance; a partner in a CA firm. On the board since June 2024.
Offer document, p.140, p.143 and p.145PNPoonam Neelendu SavaliaIndependent Director
Bachelor of Arts from Saurashtra University (1995) with 10 years in manufacturing, covering business development, product innovation and marketing. On the board since June 2024.
Offer document, p.140 and p.143SJSanjaykumar Jyestharam OzaChief Financial Officer
Executive MBA from the National Institute of Management (2009) with 21 years in accounts, finance and export and import work; with the company since April 2019 and Chief Financial Officer since 20 June 2024.
Offer document, p.150Aeron Composite latest news and announcements
Announcements · Documents · Corporate actionsWhat changed recently
Each half-year is set against the same half a year earlier
- H2 FY26: sales ₹103 cr (-4%), net profit ₹1.5 cr (-78%) on H2 FY25.
- Shareholding, 30 Sept 2026: promoters unchanged at 73.63%.
Aeron Composite announcements
82 on record, latest first; each opens the filing on the exchange
- Certificate under SEBI (Depositories and Participants) Regulations, 2018Reconciliation of Share Capital Audit Certificate under Regulation 76 of SEBI (Depositories and Participants) Regulations, 2018 for the Quarter ended SeptemberPDF ↗
- Integrated Filing- GovernanceIntegrated Filing (Governance) for the quarter ended September 30, 2026PDF ↗
- Quarterly Compliance Report on Corporate governance - within 21 days from the enAeron Composite Limited has informed regarding Non Applicability of the Compliance Report on Corporate Governance for the quarter ended on September 30, 2026PDF ↗
- Certificate under SEBI (Depositories and Participants) Regulations, 2018Certificate under SEBI (Depositories and Participants) Regulations, 2018PDF ↗
- Shareholders meetingSrutinizers report of Annual General Meeting held on September 30, 2026. Further, the company has informed the Exchange regarding voting resultsPDF ↗
- Shareholders meetingProceedings of Annual General Meeting held on September 30, 2026PDF ↗
- Trading WindowClosure pursuant to SEBI (Prohibition of Insider Trading) Regulations, 2015PDF ↗
- General UpdatesGeneral UpdatesPDF ↗
- CorrigendumTo OtherPDF ↗
- Shareholders meetingNotice of Annual General Meeting to be held on September 30, 2026PDF ↗
- Outcome of Board MeetingHeld on August 29, 2026PDF ↗
- Resignation of Director/KMP/SMPResignation of Director/KMP/SMPPDF ↗
Aeron Composite annual reports, earnings calls and documents
Every document links to its source; “read” marks those this page is built from
- Offer document ↗read
- 30 Nov 2025 ↗read
- 18 Nov 2025 ↗read
Aeron Composite share split, bonus and dividends
From the corporate actions the company announces on the exchange
No share split, bonus issue or dividend is on record since listing.
Checks we ran on Aeron Composite's data · 9
Before any number shows, it goes through the same checks. A figure that fails is held back, never shown as if it were right.
- ✓Balance sheet totals add up for FY25 and FY26.
- ✓Market cap uses the share count in the latest shareholding pattern (1,70,20,000 shares).
- ✓The share capital in the FY26 results matches the share count in the shareholding pattern.
- ✓Promoter pledge figures are within possible limits in every shareholding pattern shown.
- ✓Promoter and public holdings add up to 100% in every shareholding pattern shown.
- ✓The two half-years of FY26 add up to the full-year sales.
- ✓Earnings per share moves in line with profit across the years shown.
- ✓Revenue and profit are reported for every year shown, FY18 to FY26.
- iPrices run to the close on 14 Oct 2026, from the exchange's daily figures.
Questions people ask about Aeron Composite
What does Aeron Composite do?
Aeron Composite makes rust-proof parts from glass fibre and resin, such as cable trays, floor gratings, rods for optic fibre cables and bars that replace steel in concrete, for factories, utilities and road builders in India and abroad. Its shares trade on NSE Emerge.
What is the share price of Aeron Composite?
₹77.4 at the close on 6 Nov 2026, from the exchange's daily figures.
What is the market cap of Aeron Composite?
₹132 cr at the close on 6 Nov 2026, on 1,70,20,000 shares.
What is the P/E of Aeron Composite?
15.1 times FY26 profit at the close on 6 Nov 2026 (our arithmetic).
What are Aeron Composite's revenue and profit?
Revenue ₹222 cr and profit after tax ₹9 cr in FY26.
Who are the promoters of Aeron Composite?
Dilipkumar Ratilal Patel, Chirag Chandulal Patel, Ravi Pankajkumar Patel, Pankaj Shantilal Dadhaniya, A. International Private Limited; promoters held 73.63% at 30 Sept 2026.
What was the IPO price of Aeron Composite?
₹125 a share; it listed on 4 Sept 2024.
What is Aeron Composite's website?
www.aeroncomposite.com
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Every listed SME company in Industrial Products → · SME companies listed in 2024 →
Built from 2 earnings call transcripts, 2 annual reports, 1 offer document, 1 result filing, 1 investor presentation, 82 exchange announcements, 5 shareholding patterns and 8 years of reported results. Every figure carries its source; where the documents are silent, the page says so.