Aeroflex Industries share price today

Aeroflex Industries Ltd's share price was ₹540.30 at the close on 5 November 2026. It has been rising for 37 weeks. That is 32.1% above its average price over the last 200 trading days. In the last 52 weeks it traded between ₹159 and ₹564, and at that close it sat 94% of the way up from that low.

A share price tends to move through four phases: moving sideways (stage 1), rising (stage 2), stalling near a high (stage 3) and falling (stage 4). Today Aeroflex Industries Ltd is in stage 2. The phase helps read everything below.

Over the past 13 weeks it has done better than the NIFTY 500, and it has stayed ahead for 14 weeks in a row.

Over the last 3.2 years the share price moved +227% while the NIFTY 500 moved +27%, so it is ahead of the index over that whole period. The chart above shows the 13-week comparison for every week.

This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row.

Three changes stood out: foreign funds (FIIs) raised their stake for 3 quarters in a row, highest quarterly profit in 16 quarters and revenue up on a year earlier for 5 quarters in a row.

1. Foreign funds (FIIs) raised their stake for 3 quarters in a row

   From 0.5% to 3.9% of the company by the September 2026 quarter.

2. Highest quarterly profit in 16 quarters

   Profit of ₹37 crore in the September 2026 quarter is the highest of the last 16 quarters.

   Why: Profit hit a record partly because an accounting change lowered depreciation, the cost of equipment spread over time, by ₹8.4 crore in the quarter.

   Next results: check whether the Hyd-Air merger adds the expected few points to margin, the share of sales left after costs.

   From the earnings call on 29 Oct 2026.

3. Revenue up on a year earlier for 5 quarters in a row

   In the September 2026 quarter revenue was ₹207 crore, +86.5% on a year earlier.

   Why: Revenue rose because sales of cooling systems called skids became a much bigger part of the total, making up 24% of first half revenue.

   Next results: check whether skid orders turn into sales and capacity use reaches 40% to 50% this financial year.

   From the earnings call on 29 Oct 2026.

For July to September 2026 (the quarter ended 30 September 2026), Aeroflex Industries reported revenue of ₹207 crore, up 86.5% from ₹111 crore a year earlier, and a profit of ₹37.0 crore, up 164.3% from ₹14.0 crore.

Aeroflex Industries results: July to September 2026 against a year earlier

The next results, for October to December 2026, are due by 14 February 2027: listed companies must publish quarterly results within 45 days of the quarter's end (60 days for the January to March quarter).

Aeroflex Industries' management discussed these results on a call held on 29 October 2026; what it said is further down this page.

From the company's reported quarterly results (quarter ended 30 September 2026). Revenue and profit in ₹ crore.

Aeroflex Industries closed at ₹540.30 on 5 November 2026, up 190.2% from ₹186.16 a year earlier (7 November 2025) and up 230.8% over three years. Its highest weekly close since September 2023 was ₹563.95 on 11 September 2026.

Aeroflex Industries share price: then and now

Weekly closing prices. Each change is the move from that price to the 5 Nov 2026 close. A day's intraday high or low can go beyond these weekly closes.

174 weekly closes from 1 September 2023 to 5 November 2026.

5 Nov 2026: Aeroflex Industries closed at ₹540.30, up 0.7% on the week and up 3.8% on the month. 29 Oct 2026: Aeroflex Industries held its results call for July to September 2026. Management guided: Add 10m hose mpa to 30m and skids to 15k units by Dec 2026 then 30k by Mar 2028 for ₹124 crore plus ₹78 crore totaling ₹202 crore, phased.

Earlier

• Results for July to September 2026: Revenue up 86.5% and profit up 164.3% on a year earlier.
• 14 Jul 2026: ex-date for a dividend of ₹0.40 a share.

Aeroflex Industries paid ₹0.40 a share in regular dividends in the 12 months to 5 November 2026 (1 payment), a yield of 0.07% at the ₹540.30 close on 5 November 2026. The last was a dividend of ₹0.40 a share, ex-date 14 July 2026.

Aeroflex Industries dividends since 1 April 2021

Amounts as the company declared them on the NSE. A dividend goes to whoever owns the shares before the ex-date. The record date is the same day as the ex-date for every payment here.

Yes. Aeroflex Industries Ltd paid out 10% of its profit as dividends in FY26, and it paid a dividend in 4 of its last 7 reported years.

From the NSE corporate-actions record, read 5 November 2026.

On the call for July to September 2026, held on 29 October 2026, Aeroflex Industries' management guided: Add 10m hose mpa to 30m and skids to 15k units by Dec 2026 then 30k by Mar 2028 for ₹124 crore plus ₹78 crore totaling ₹202 crore, phased.

“We are pleased to report our best-ever results, with quarterly revenue crossing the 200 crores milestone for the first time ever”Asad Daud, on the call for July to September 2026

What management guided

• Peak incremental ₹500-550Cr yearly at peak utilization; hose segment peak ₹850-900Cr assuming 70-75% hose-to-assembly conversion.
• FY27 company revenue ₹715-725Cr around 60% growth with skids ₹150-200Cr up from ₹125 crore initial goal.
• FY27 skid utilization 40-50% with commissioned base planned at peak next year.
• FY30 top line close to ₹1,500 crore at 25% and slightly higher, above prior ₹1,000 crore FY29 frame.

Management’s own plans and goals, from our notes of the call. A plan is not a result.

Source: the call transcript.

From the call for July to September 2026, 29 October 2026.

One change in Aeroflex Industries' own numbers looks lasting: higher-value products and a better mix. Also showing up, but too early to call lasting: costs spread over more sales and new products.

We check 16 kinds of change in every company, such as costs spread over more sales, higher-value products, new orders, new regions or falling debt, against its reported numbers and what management said on its calls. Only changes the numbers back are shown.

Checked against results and calls up to April to June 2026, 10 October 2026. The July to September 2026 results are out since, so this part may be out of date until we update it.

After the revised commissioning window, skid dispatches fail to increase while operating margin falls below the latest annual baseline and inventory continues accumulating; that combination would show that capacity spending is not converting into profitable customer demand.

Each change stops working if

• Commercial liquid-cooling contribution: Customer approvals or principal purchase orders prevent commissioned capacity from becoming repeat dispatches.
• Dated capacity completion: Machines arrive without approved drawings or commissioning slips beyond the revised window.
• Value-added hose mix: Assembly pricing or input costs erase the margin difference versus hose-only products.
• Bellows reaching economic scale: Sales fail to rise during management's stated observation window or higher volume still fails to cover division costs.

The main risks

• : Skid commissioning slipped and customer-specific approvals still limit delivery visibility. ⚠ estimate
• : Improved operating cash conversion coexists with capital expenditure and inventory demands. ⚠ estimate
• : A concentrated skid channel and undisclosed segment margins limit profit visibility. ⚠ estimate
• : Current margins exceed the normalized baseline, while new operating costs are already visible. ⚠ estimate

Our read after the April to June 2026 results, written 10 October 2026. The July to September 2026 results are out since, so this part may be out of date until we update it.

When Aeroflex Industries reports October to December 2026, these are the 6 checks that show whether the story is still on course. First: Gross margin stays above 43% and operating margin stays at or above 23% in the September 2026 quarter, with assemblies still at or above 60% of the business.

Aeroflex Industries is on 2 of our India lists: Multibagger study list and Momentum stocks.

Aeroflex Industries Ltd earned ₹37.0 Cr of net profit in the Sep 2026 quarter, +164.3% on the same quarter a year earlier. That is the 4th quarter in a row of profit growth. Full-year FY26 profit was ₹56.0 Cr. Over 6 years profit has grown 49.6% a year on average. That is 17.9% of the quarter's revenue.

Net profit is what is left after every cost, interest and tax. Earnings per share, dividends and book value all grow from it.

The same quarter a year earlier earned ₹14.0 Cr.

For the full year, FY26 profit was ₹56.0 Cr (+5.7% on the year before).

Why profit moved: revenue changed +86.5% on a year earlier and the margin moved +1.0 percentage points. Sales did the work, and the margin was about flat.

On average over the last four quarters, profit changed +101.5% and revenue +54.3%. Profit is growing faster than sales: fixed costs are spread over more sales, so each extra rupee of revenue adds more to profit.

FY27-Q1. revenue ₹145 Cr and profit ₹19 Cr as reported.

FY27-Q2. revenue ₹207 Cr and profit ₹37 Cr as reported.

Why-sources: our stock research file (10 October 2026) and the company’s own results for those quarters.

Aeroflex Industries Ltd reported ₹207 Cr of revenue in the Sep 2026 quarter, +86.5% on the same quarter a year earlier. That is the 5th quarter in a row with growth on the year before. Over 6 years it has grown 20.6% a year on average. The last full year, FY26, came in at ₹442 Cr.

Revenue is everything the company billed its customers in the period.

Why this happened. The Value Chain Climb applies to actual skid sales. Customers gain engineered systems; The exclusive domestic principal relationship provides access but also concentrates purchasing power. Production, utilization and revenue are links in the same mechanism, so their benefits must not be added as independent profit drivers.

The last four reported quarters add to ₹599 Cr.

FY26 revenue was ₹442 Cr, +17.6% on the year before.

Recent pace: the last four quarters grew +54.3% on average, against 20.6% a year over the longer run, so this year is growing faster than its own long-run rate.

Is growth speeding up? Revenue over the last 12 months grew +54.8%, against +33.5% a year over the last 8 quarters (accelerating); profit over the last 12 months grew +91.5%, against +41.4% a year (accelerating).

FY27-Q1. revenue ₹145 Cr and profit ₹19 Cr as reported.

FY27-Q2. revenue ₹207 Cr and profit ₹37 Cr as reported.

Why-sources: our stock research file (10 October 2026) and the company’s own results for those quarters.

Aeroflex Industries Ltd's operating margin was 24.0% in the Sep 2026 quarter, 1.0 percentage points higher than the same quarter a year ago. Its latest full-year margin is the highest it has ever reported. Across 7 years it has been between 15.0% and 23.0%. The latest quarter is above every full year in that period.

Operating margin is what is left from every ₹100 of sales after the costs of running the business, before interest and tax. It shows pricing power and cost control.

Why this happened. Management describes a higher margin range for assemblies than for hose-only products. That supports a mix mechanism, but it does not quantify the incremental consolidated benefit after product definitions, component purchases and facility costs. Core hose growth is separate from skid commissioning; mix and operating leverage within the same sales must not be counted twice. Competitor pricing responses and the durability of retained pricing remain unknown.

Why the margin moved: operating margin changed +0.9 percentage points on the year while gross margin changed −0.9 points. So the gain came mostly from the gross margin, which means input costs and prices charged.

When margins are at a record, every ratio built on profit looks better than usual, so watch whether they hold.

FY27-Q1. revenue ₹145 Cr and profit ₹19 Cr as reported.

FY27-Q2. revenue ₹207 Cr and profit ₹37 Cr as reported.

Why-sources: our stock research file (10 October 2026) and the company’s own results for those quarters.

Over the last 3 years, 91% of Aeroflex Industries Ltd's reported profit came in as cash from its operations, so the profit is backed by cash. In FY26 it brought in ₹66.0 Cr of operating cash against ₹56.0 Cr of profit.

The profit and loss account shows what was earned. The cash-flow statement shows the cash that actually came in. Comparing operating cash flow with profit is one of the best checks that a profit is real.

After ₹80.0 Cr of spending on assets, free cash was −₹14.0 Cr: it spent more than its operations brought in.

Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year.

Why 91% of profit came in as cash: the cash cycle got 50 days longer between FY21 and FY26, so more of each rupee of profit waits in the business before it arrives.

What to look at next: the bigger use of cash is spending on new assets, at 5.2× depreciation over three years. The next section checks what that spending is building.

Aeroflex Industries Ltd's cash cycle, the days between paying suppliers and getting paid by customers, was 112 days in FY26, up from 62 days in FY21. It spent ₹222 Cr on assets over the last 3 years. Customers take 107 days to pay, and stock sits for 122 days on average.

Working capital is the cash tied up between paying suppliers and getting paid. Debtor days: how long customers take to pay. Inventory days: how long stock sits. The cash cycle: the whole loop, in days of sales.

Why this happened. The Capex Inflection Point remains prospective because the original skid deadline slipped. The latest call gives a revised commissioning window, not a contracted shipment schedule. Supplier delivery is external; installation and engineering execution are company responsibilities; drawing approval and dispatch timing are customer dependencies. The remaining benefit is additional approved throughput after commissioning, rather than the capacity already installed.

At FY26 sales of ₹442 Cr, each day of that cycle ties up about ₹1.2 Cr, so roughly ₹136 Cr is tied up in the business at any time.

FY26: customers took 107 days to pay and stock sat for 122 days, about 4.0 months of sales sitting as stock, for a full cycle of 112 days, longer than FY21's 62.

The full loop: cash goes out to suppliers and production on day 0. Stock sits for 122 days. Customers pay about 107 days after that. Suppliers are paid at 117 days. Together that makes the 112-day cycle.

Spending on assets: ₹222 Cr over the last 3 years, against ₹43.0 Cr of depreciation (the yearly wear and tear on existing assets). So it is building well beyond replacing what wears out. Work still in progress is ₹23.0 Cr (FY26): assets paid for that are not earning yet.

In short: the cash is going into new capacity, not getting stuck in the daily cycle. The question is whether the new capacity earns.

Aeroflex Industries Ltd's P/E is 79.9×, near the high end of its own history: higher than 82% of past readings. Its usual P/E (the middle reading) is 53.5×, over 3.2 years of weekly prices. This compares the share price with the company’s own past. It does not say what the business is worth.

P/E is the share price divided by a year's profit per share: how many rupees the market pays for each rupee of yearly profit.

Why the multiple is where it is: over the past year earnings per share moved +3.4% while the price moved +190.2%. The price did better than earnings, which pushed the multiple up within its own range.

Where the price move came from: over 3 years the price moved +49.0% a year; about +39.1% a year came from earnings growth and about +9.9 percentage points from the multiple (the market paying more). The split is approximate (price return minus earnings growth). It shows how much of the move came from the market paying a different multiple.

In short: the multiple is high against its own past, so the earnings trend underneath matters more than the multiple.

Aeroflex Industries Ltd's business is getting better. EPS growth hit its low 8 quarters ago at −32.9% and has recovered to +83.5%, with ROCE rising at 27.4%. This is based on 12 quarters of 4 measures.

Every business is somewhere on a path of getting better or worse, and this section names where. The last 12 quarters of growth in revenue, profit and earnings per share, plus the return the business earns on its capital, are read as lines. Getting worse: the lines are falling. Turning around: a low point has just formed and the last few quarters are rising from it. Getting better: the rise from the low has lasted. Growing steadily: steady growth with healthy returns. Slowing from a peak: still high, but slowing. When the lines disagree the result is mixed; too little history means no reading. CAGR (compound annual growth rate) is the steady yearly rate that would turn the starting value into the latest one. It is the fairest way to compare growth over different periods. If the 1-year figure is much bigger than the 10-year one, recent growth is running faster than the long-run trend. A dash means there is no figure for that period, or the starting year was a loss, where a growth rate means nothing.

Why it matters: a lasting rise from a low is what this page is built to show.

Compound annual growth rate (%)

Compound annual growth rate over each period, %. Revenue, profit and EPS come from yearly figures; the share price row is price growth over the same periods. A dash means no figure for that period, or the starting year was a loss.

Aeroflex Industries Ltd's story is not scored yet against the checks our research set on 10 October 2026. Where it sits in its own cycle: EARLY EXPANSION.

NOT YET CHECKED

From the price. Price stage 2, week 37, above its 200-day line, relative strength falling.

What is not proven yet. After the revised commissioning window, skid dispatches fail to increase while operating margin falls below the latest annual baseline and inventory continues accumulating; that combination would show that capacity spending is not converting into profitable customer demand.

What would change our mind. After the revised commissioning window, skid dispatches fail to increase while operating margin falls below the latest annual baseline and inventory continues accumulating; that combination would show that capacity spending is not converting into profitable customer demand.

The test written in advance. After the revised commissioning window, skid dispatches fail to increase while operating margin falls below the latest annual baseline and inventory continues accumulating; that combination would show that capacity spending is not converting into profitable customer demand. Measured by: the thesis as written as stated by the next result.

What the company does. Skid revenue has reached commercial scale, while hose assemblies provide an existing route to higher-value products. Profit acceleration includes recovery from a depressed comparison quarter; staffing and facility costs are already absorbing part of the operating benefit.

The key numbers to watch, and the level that would change the picture

Everything further down this page is evidence for or against these.

What the surface reading misses. The surface reading is: The latest quarter appears to show rapid profit acceleration. The research reads it further: Revenue growth and recovery in operating margin explain the operating improvement, while depreciation and tax still separate operating profit from net profit.

What the surface reading misses. The surface reading is: Higher sales and margin indicate improved operating delivery. The research reads it further: The operating-profit leg grew faster than revenue, but increased depreciation consumed part of the gain before net profit.

• 1 · Operating leveragequiet
• 2 · Value-added mixbuilding
• 3 · Management changequiet
• 4 · Paying down debtquiet
• 5 · Regulatory approvalquiet
• 6 · Order-book winsquiet
• 7 · Consolidationquiet
• 8 · Demerger or value unlockquiet
• 9 · Buybackquiet
• 10 · New geographiesquiet
• 11 · More business from existing customersquiet
• 12 · New product launchquiet
• 13 · Mandatory normsquiet
• 14 · A bigger market to servequiet
• 15 · Market-share gainsquiet
• 16 · Asset qualityquiet

Lever 2 · Value-added mix: building. Assembly mix can retain more revenue as operating profit, although a consolidated margin bridge is missing. What proves it keeps working: Value-added hose mix. It stops working if Assembly pricing or input costs erase the margin difference versus hose-only products.

Sources: our stock research file (10 October 2026) · quarterly results through Sep 2026 · the company’s own earnings calls. The story check is re-scored every results season; the record below never changes.

The whole page in one table. Each row links to its section.

What Aeroflex Industries Ltd's management promised, against what actually happened: 4 promises on the record. Read straight from the company’s own earnings calls. A promise that slipped stays on this page after it is met.

Skid Utilization Outlook Reduced · 29 October 2026. The May 2026 call planned at least 60%-70% utilization by the end of the financial year for the skid expansion. The Oct 2026 call instead guided to 40%-50% utilization for FY27; although management said projections are revised frequently, it did not reconcile the lower range with the prior goal, which is material for capacity and revenue models.

Flexible Hose Capacity Baseline and Completion Timeline · 28 July 2026. In January 2026, management said installed capacity was 17.5 million meters per annum, with the remaining 2.5 million meters expected to be commissioned by Q2 of the next financial year. In July 2026, management instead described the current production base as 7.5 million meters and said the path to 20 million meters would be completed by Q3 of this financial year. Management did not reconcile the different 7.5 million versus 17.5 million baselines or explain the revised timing.

Skid Capacity Expansion Delayed · 28 July 2026. Management's January 2026 commitment was to complete the 15,000-unit skid capacity expansion by June 2026. By July 2026, management said the 15,000-unit milestone would instead be reached in October-November, a material four-to-five-month delay; while supplier delays were cited, the call did not provide a quantified recovery plan or explain why the prior schedule was missed.

Hydair Capacity Expansion Plans Silently Abandoned · 6 May 2026. In both prior calls, management explicitly committed to an imminent Hydair capacity expansion announcement, stating in Oct 2025 it would come very soon and in Jan 2026 that details would be shared in due course of time. In the May 2026 call, when the same analyst directly asked whether any capex was planned for Hydair, management gave no mention of expansion and instead repositioned Hydair entirely as an internal manufacturing unit, while Hydair utilization simultaneously declined from approximately 70% in Jan 2026 to 60% in May 2026, contradicting the external scaling narrative maintained across both prior calls.

Every quote above is taken word for word from the company’s own earnings calls.

Acknowledged tariff pressure and design constraints coexist with commercial deliveries. A full downturn record under current management is thin, so no strong grade; no ordinary delay is treated as a huge unowned miss.

Regulatory and governance record

IPO-expense GST demand is an additional tax exposure. The old wilful-default classification predates the present promoter and was disclosed; no proven fraud, conduct order or lie by current management is established.

Checked 14 October 2026.

Aeroflex Industries Ltd earned a ROCE of 19% in FY26. That is up from a low of 17% in FY21. Its return on capital used (ROIC) is 8.3 percentage points above its cost of capital, so growth here adds value, not just size. It comes from a 12.7% net margin and 0.78× asset turnover (sales divided by assets).

Return on capital employed (ROCE) is the profit the whole business earns on all the money in it, from shareholders and lenders together. It is the best single test of whether growth adds value or just size.

Why the return is what it is (FY26): a 12.7% net margin × 0.78× asset turnover × 1.26× leverage (assets divided by equity) ≈ 12.5% on equity. The margin does its share; borrowing plays a small part, so this return is earned, not borrowed.

The key test, return on capital used minus the cost of capital: 20.3% − 12.0% = +8.3 percentage points. The 12.0% is a standard assumption for the cost of capital in India, not an estimate for this company. Read the sign and size of the gap, not the decimals. A gap this wide means each rupee put back into the business creates more than a rupee of value.

The 20.3% ROIC above is the latest reading, as reported. The yearly chart below shows FY26 at 15.7%, and the quarterly chart works out each 12-month window from the quarterly figures, so the readings differ by date, not by method.

Aeroflex Industries Ltd has total debt of ₹24.0 Cr against shareholder equity of ₹497 Cr as of Sep 2026, so its debt is 0.05× its equity, which is very little. Year by year, that ratio went from 0.39 in FY23 to 0.02 in FY26. So the returns on this page come from the business, not from borrowed money.

Debt-to-equity shows how much of the business is paid for with borrowed money. Lower is safer, and the direction matters as much as the level.

Domestic institutions cut their stake in Aeroflex Industries Ltd by 4.2 percentage points over 8 quarters, the biggest change among its owners. Domestic institutions now own 1.4% of the company. Foreign institutions moved +2.4 points over the same period, to 3.9%. This uses the four owner groups that companies report every quarter; nothing is guessed between filings.

Who owns the company each quarter: promoters (the founders or controlling owners), foreign institutions, domestic institutions such as mutual funds, and the public. When people close to the business steadily raise their stake, that is worth noticing; a quiet list is also an answer.

Over the last two years: Domestic institutions: −4.2 points over 8 quarters, to 1.4%; Foreign institutions: +2.4 points over 8 quarters, to 3.9%; Promoters: −1.5 points over 8 quarters, to 65.5%.

Why the owners changed: foreign institutions moved +2.4 points and domestic institutions −4.2 points over 8 quarters, while promoters moved −1.5 points. One group of institutions took over shares from the other; it is not a change of mind by the people running the company.

For Aeroflex Industries Ltd, the Z-score is not available, so we say so rather than guess one. It estimates how far the balance sheet is from trouble; it is not a forecast of failure. The debt, cash-flow and return sections show the balance-sheet figures we do have, each with its own date.

The Z-score estimates how far a company is from balance-sheet trouble. Above about 3 is safe; below about 1.8 is the danger zone. It was built for manufacturers, so it is not used for banks and lenders.

67.6 out of 100, rank 1 of 4 in Stainless Steel, with 97% of the evidence available.

Aeroflex Industries Ltd scores 67.6 out of 100 against the 4 companies it is compared with in Stainless Steel, ranking 1. Earnings, capital efficiency and relative strength all agree. The open questions are about management, upcoming events and risks.

The four parts add up to the total exactly: 32.2 + 19.4 + 2 + 14 = 67.6. This is the same number shown on the industry page; it is worked out once for the whole group and read here.

What would change it: The score would fall if profit growth turns negative or margins stop improving while the share price lags its sector.

Aeroflex Industries ranks 1 of 4 Stainless Steel companies on the 4-Factor Sector Score, with 67.6 out of 100.

Missing figures are not scored as bad. They lower the confidence and pull the final score toward the middle. Relative strength counts only when the company has a reading for this week; with no reading, that factor is left out and its 20 points are shared across the other three in proportion. PEG is not shown when the ratio cannot mean anything: the company must be making a profit, its price-to-earnings must be positive, and its three-year earnings growth must fall between 5% and 60%. Dividing a price multiple by a loss, or by growth measured off a tiny base, produces a number that looks precise and tells you nothing. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led NIFTY 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step path the industry is placed on (basing, turning, breaking out, leader, fading, asleep), read from how many weeks running it has led NIFTY 500 and whether that lead is growing or shrinking. It describes where the share price stands, not the direction of earnings, and it is not a recommendation; it is left blank for a company whose weekly history is too short or too stale to read.

The figures in this ranking come from the industry comparison: results through the Sep 2026 quarter, and the P/E at that quarter's end. The sections above use the latest weekly price, so a P/E or return there can differ a little from the one here. The stage words in this ranking (such as losing its lead or breaking out) describe the lead over the index, not the price phase in the price section.

Related companies: Stainless Steel, all 4 compared on one page.

Aeroflex Industries is the 3rd largest of 4 Stainless Steel companies on Sector Alpha by market value (scores of 30 October 2026). Just above it: Jindal Stainless and Ratnamani Metals & Tubes. Just below it: Ratnaveer Precision Engineering.

Stainless Steel companies close in size

1. Jindal Stainless Ltd ₹55,566 crore
2. Ratnamani Metals & Tubes Ltd ₹16,256 crore
3. Aeroflex Industries Ltd ₹7,151 crore
4. Ratnaveer Precision Engineering Ltd ₹3,133 crore

All 4 Stainless Steel companies, largest first

Companies close in size in other industries

704. Tejas Networks Ltd ₹7,178 crore · Telecom Services
705. ISGEC Heavy Engineering Ltd ₹7,170 crore · Infra - Engineering - General
706. Aeroflex Industries Ltd ₹7,151 crore
707. Railtel Corporation of India Ltd ₹7,138 crore · Railways
708. Swan Corp Ltd ₹7,126 crore · Diversified

Sector Alpha, written by code from the published numbers. Data as of 5 November 2026.

Every chart on this page is drawn by code from the published figures, with no forecasts and no price opinions.

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