Aeron Composite Limited is launching an IPO with a fresh issue of 44,88,000 shares worth INR 56.10 crores. The company aims to fund CapEx for a new manufacturing unit and support general corporate purposes.
Aeron Composite IPO – Important Dates
| Aeron Composite Limited IPO Date | August 28, 2024 to August 30, 2024 |
| Aeron Composite Limited IPO Listing Date | September 4, 2024 |
| Aeron Composite Limited IPO Price | INR 121-125 per share |
| Aeron Composite Limited IPO Lot Size | 1000 Shares |
| Aeron Composite Limited IPO Total Issue Size | INR 56.10 crores |
| Aeron Composite Limited IPO Basis of Allotment | September 2, 2024 |
| Aeron Composite Limited IPO Initiation of Refunds | September 3, 2024 |
| Aeron Composite Limited IPO Credit of Shares to Demat | September 3, 2024 |
| Aeron Composite Limited IPO Issue Type | Book Built Issue IPO |
| Aeron Composite Limited IPO Listing At | NSE SME |
Aeron Composites Ltd IPO Fundamental Analysis
Aeron Composite Limited Technologies’ financial analysis reveals a mixed performance. Revenue has steadily increased, with rising profitability, improved EPS, higher RoNW, more robust financial position, and efficient inventory management reflecting business growth and reduced debt reliance.
- Revenue Trend: The revenue increased from ₹10,833.53 lakhs in March 2022 to ₹17,938.42 lakhs in March 2023. The revenue for the current year’s 12-month period ending March 2024 is INR 17,914.46 lakhs.
- Equity and Liabilities: Both equity and liability have shown a consistent increase over the periods, reflecting potential growth and expansion. However, the debt-equity ratio has decreased, indicating reduced reliance on debt financing.
- Profitability: The profit after tax (PAT) has significantly increased from ₹362.12 lakhs in March 2022 to ₹942.23 lakhs by March 2024. This improvement in profitability could be a source of confidence among investors.
- Earnings per Share (EPS): The diluted EPS has risen from ₹2.95 in March 2022 to ₹7.52 by March 2024, reflecting higher earnings per share for investors.
- Return on Net Worth (RoNW): The RoNW has risen from 21.13% to 26.07%, indicating an increase in the company’s ability to generate returns on shareholder equity.
- Financial Position: Total assets have increased, suggesting potential business growth. However, the current ratio has increased, indicating strengthening liquidity and potential challenges in meeting short-term obligations.
- Inventory Turnover Ratio: There’s a significant increase in the Inventory Turnover Ratio, which might suggest stronger sales or efficient inventory management.
Aeron Composite IPO Financial Analysis
| Particular | As of 31 March 2022 | As of 31 March 2023 | As of 31 March 2024 |
| Revenue (₹ in lakhs) | 10,833.53 | 17,938.42 | 17,914.46 |
| Equity (₹ in lakhs) | 1,557.35 | 2,535.96 | 3,478.19 |
| Expenses (₹ in lakhs) | 10,490.58 | 17,243.20 | 16,743.75 |
| Profit and Loss After Tax (₹ in lakhs) | 362.12 | 661.15 | 942.23 |
| Diluted EPS only (₹) | 2.95 | 5.33 | 7.52 |
| Return on Net Worth (%) | 21.13 | 23.25 | 26.07 |
| NAV per Equity Share (₹) | 9.85 | 12.70 | 20.44 |
| Total Assets (in lakhs) | 6,063.23 | 6,910.21 | 9,979.42 |
| Total Liabilities (in lakhs) | 4,505.88 | 4,374.25 | 6,501.23 |
| Debt Equity Ratio | 0.81 | 0.55 | 0.35 |
| Current Ratio (in times) | 1.23 | 1.37 | 1.33 |
| Inventory Turnover Ratio | 81 | 60 | 63 |
