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 DateAugust 28, 2024 to August 30, 2024
Aeron Composite Limited IPO Listing DateSeptember 4, 2024
Aeron Composite Limited IPO PriceINR 121-125 per share
Aeron Composite Limited IPO Lot Size1000 Shares
Aeron Composite Limited IPO Total Issue SizeINR 56.10 crores
Aeron Composite Limited IPO Basis of AllotmentSeptember 2, 2024
Aeron Composite Limited IPO Initiation of RefundsSeptember 3, 2024
Aeron Composite Limited IPO Credit of Shares to DematSeptember 3, 2024
Aeron Composite Limited IPO Issue TypeBook Built Issue IPO
Aeron Composite Limited IPO Listing AtNSE 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

ParticularAs of 31 March 2022As of 31 March 2023As of 31 March 2024
Revenue (₹ in lakhs)10,833.5317,938.4217,914.46
Equity (₹ in lakhs)1,557.352,535.963,478.19
Expenses (₹ in lakhs)10,490.5817,243.2016,743.75
Profit and Loss After Tax (₹ in lakhs)362.12661.15942.23
Diluted EPS only (₹)2.955.337.52
Return on Net Worth (%)21.1323.2526.07
NAV per Equity Share (₹)9.8512.7020.44
Total Assets (in lakhs)6,063.236,910.219,979.42
Total Liabilities (in lakhs)4,505.884,374.256,501.23
Debt Equity Ratio0.810.550.35
Current Ratio (in times)1.231.371.33
Inventory Turnover Ratio816063

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IPO,

Last Update: September 3, 2024