Aeroflex Industries

2025-01-26

  • product mix change (increase in value added products)

    • focus is on assemblies and fittings
    • assembly business contribution increased to 49% of sales

  • management changes

    • Kiran kagalkar as COO
    • Brings 37 years of experience, including 25 years at Parker Hannifin india

  • inorganic acquisition

    • Hyd-Air Engineering Pvt Ltd
      • recieved order from railway coach factory
      • Entry into new industries - Railways, Shipbuilding, Heavy industries
      • Remaining capex: INR 11.5 crores out of INR 18 crores planned
      • guidance of 15-20% net profit margin once the expansion is complete

  • US remains largest export market

  • margins better in export vs domestic

  • plans of QIP in the future

  • Focus on achieving 24-25% EBITDA margins by FY27

end user industries :

  • traditional industries :
    • oil & gas, chemical, petrochem, steel(24-25%)
  • new age industries :
    • firefighting equipments, solar

capex mostly funded by internal accruals

if we talk about 20 million meters and if we talk about, I'd say -- so currently, our aim is that over the next couple of years to have a higher portion of the business coming from assembly. So, say, for example, if I assume that if I get 70% of my sales from assembly over the next couple of years -- sorry, after 2 years, so then we are looking at a revenue potential of anywhere just from INR650 crores to about INR675 crores at peak utilization.