Aerpace Industries Ltd

Price story Before the numbers, the tape. A stock price moves through four repeating seasons: a flat base (stage 1), an advance (2), a top (3), a decline (4). Where the price sits in that cycle frames everything below.

Aerpace Industries Ltd trades at ₹38.5, in a confirmed uptrend and 14 weeks into that stage. That is +28.3% against its own 200-day average. It sits at 82% of a 52-week range of ₹32 to ₹40. On relative strength it has no relative-strength read yet.

Today the stock is in a confirmed uptrend — week 14 of stage 2, confirmed. At ₹38.5 it trades +28.3% versus its 200-day average and sits at 82% of its 52-week range (₹32–₹40).

Against the market, two honest reads. Cumulative: over the last 2 months the stock moved +21% while the NIFTY 500 moved −6% — ahead of the index over the full window. Recent form: no trailing-13-week read yet — the ribbon below is that same metric, week by week.

What would end the trend, mechanically: two Friday closes in a row below the 200-day line. That is the exit rule — no debates.

Valuation P/E is the price of ₹1 of annual profit: how many rupees the market pays for each rupee the company earns in a year.

P/E does not price Aerpace Industries Ltd — earnings are negative, so there is no multiple to rank against its own history. The revenue and margin lines below are where a turn, when it comes, would show first. A P/E returns here the first period the bottom line turns positive.

With earnings negative, P/E does not price — there is no multiple to rank against its own history. The revenue and margin lines below are where the turn, when it comes, will show first.

Put together: the multiple is unremarkable against its own past, so the story rests on the earnings line underneath it, not the multiple.

Stage: No read Every business sits somewhere on a fundamental arc, and this page names the spot before anything else. The last twelve quarters of revenue, profit and EPS growth — plus the return the business earns on its capital — are read as curves: Deteriorating (the curves are falling), Turning around (a trough has just formed and the last few quarters lift off it), Improving (the climb off the trough is sustained), Consistent (steadily positive with healthy returns), Topping out (still high but decelerating from the peak). When the curves genuinely disagree the read is Mixed; too little history is No read.

Aerpace Industries Ltd reads as no read on its fundamental arc. Under eight usable quarters on the growth trio — not enough history for an honest trajectory read.

Why it matters: with too little history, an honest page says so instead of guessing a trajectory.

Return readings here are annual, not quarterly — read as level and direction only; they can confirm the growth curves but never drive the stage on their own.

Fewer than eight usable quarters on the growth curves — this page will not guess a trajectory from a stub of history.

4-Factor Sector Score

40.5/100 — rank 57 of 58 in Trading · 32% evidence confidence · provisional, ranked below fully-evidenced peers

Aerpace Industries Ltd scores 40.5 out of 100 against the 58 companies it is compared with in Trading, ranking 57. Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.

The four contributions add to the total exactly: 13 + 5.5 + 10 + 12 = 40.5. This is the SAME number shown on the sector comparison — it is computed once, for the whole peer set, and read here.

What would change it: The read weakens if profit growth turns negative or margin improvement reverses while sector-relative strength deteriorates.

Revenue Revenue is the top line: everything the company billed its customers in the period.

Aerpace Industries Ltd reported ₹0.0 Cr of revenue in the Jun 26 quarter. The last full year, FY26, came in at ₹0.0 Cr. The last four reported quarters add to ₹0.0 Cr. A multi-year compound rate is not shown because the annual history behind it is too short to compute one honestly.

FY26 revenue came in at ₹0.0 Cr (null on the year). The latest quarter (Jun 26) printed ₹0.0 Cr, null year on year.

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

A clean operating margin is not in our numbers for Aerpace Industries Ltd — its accounts do not report the operating-profit line this section reads, which is common for lenders and holding companies. The sections above and below carry the readings this company's filings do support.

This company's accounts do not report the operating-profit line this section reads — common for lenders and holding companies classified outside the financial bucket. The revenue and net-profit sections are the cleaner reads for Aerpace Industries Ltd.

🚨 Why the margin moved: operating margin went −88.0 pp year on year while gross margin went +89.4 pp — the loss came mostly from the gross line: input costs and pricing.

Net profit Net profit is what survives every cost, interest and tax — the number EPS, dividends and book value all grow from.

Aerpace Industries Ltd posted a net loss of ₹4.2 Cr in the Jun 26 quarter. The full FY26 year was a loss of ₹16.0 Cr. The same quarter a year earlier lost ₹1.8 Cr. 11 of the last 11 reported quarters were loss-making.

Jun 26 profit was ₹−4.2 Cr, null year on year. On the full year, FY26 printed ₹−16.0 Cr (null).

Cash flow — the router The P&L says what was earned; the cash-flow statement says what actually arrived. Operating cash flow (CFO) against profit is the cleanest lie detector in the accounts.

Aerpace Industries Ltd's cash-flow history is too thin to judge how much reported profit converts into cash. In FY26 that was ₹−3.0 Cr of operating cash against ₹−16.0 Cr of profit. After ₹20.0 Cr of capital spending, ₹−23.0 Cr was left as free cash. Cash resolution here is annual, because quarterly cash statements are not published.

FY26: operating cash of ₹−3.0 Cr against reported profit of ₹−16.0 Cr, leaving free cash of ₹−23.0 Cr after ₹20.0 Cr of capital spending.

Cash-flow readings here are annual — that is the resolution our series carries, so this section moves once a year.

Router verdict: the visible cash user is investment — the next section checks what the spending is buying.

Where the cash goes Working capital is the cash tied up between paying suppliers and getting paid: debtor days (customers owe), inventory days (stock waits), and the cash conversion cycle (the whole loop, in days of sales).

Aerpace Industries Ltd does not report the debtor, inventory and payable day-counts a cash cycle is built from, so this section reads the investment side instead. Capital spending ran ₹76.0 Cr over the last 3 years. Nothing is estimated in place of the missing day-counts, so no cash-cycle chart is drawn.

Working-capital day-counts are not in our numbers for this stock, so this section reads the investment side — where the cash is being put to work.

On the investment side: capital spending of ₹76.0 Cr over the last 3 fiscal years against ₹3.0 Cr of depreciation — the company is building well ahead of wear-and-tear. Capital work-in-progress stands at ₹57.0 Cr (FY26) — capacity paid for but not yet earning.

The synthesis: the cash is going into capacity, not disappearing into the cycle — the question becomes whether the new capacity earns.

Return on capital Return on capital employed (ROCE) is the profit the whole business earns on all the money in it — equity and debt together. It is the single best test of whether growth creates value or just size.

Aerpace Industries Ltd earns a ROCE of −22% in FY26. A return-on-invested-capital spread against the cost of capital is not computable from what is held here.

FY26 ROCE is −22%.

Debt Debt-to-equity says how much of the business is funded by borrowings; interest cover says how many times operating profit pays the interest bill. Low and high, respectively, is the safe corner.

Aerpace Industries Ltd carries ₹40.0 Cr of borrowings against ₹37.0 Cr of equity in FY26, a debt-to-equity of 1.08. Operating profit covers the interest bill −14×. Over 3 years borrowings went from ₹2.0 Cr to ₹40.0 Cr. Capital spending ran ₹76.0 Cr across the last 3 of those years.

FY26: borrowings of ₹40.0 Cr against equity of ₹37.0 Cr — a debt-to-equity of 1.08. Operating profit covers the interest bill −14×. Over 3 years borrowings went from ₹2.0 Cr to ₹40.0 Cr while capital spending ran ₹76.0 Cr in just the last 3 — part of the build-out is riding on borrowed money.

Ownership Who owns the stock, quarter by quarter: promoters (the controlling owners), foreign and domestic institutions, and the public. Steady accumulation by people close to the numbers is a signal; a quiet register is also an answer.

Promoters cut 5.5 points of Aerpace Industries Ltd over 8 quarters, the biggest move on the register. That takes promoters to 45.3% of the company. The register is read on the four disclosed classes only; nothing is inferred between filings.

The register over the last two years — Promoters: −5.5 points over 8 quarters to 45.3%.

🚨 Why the register moved: promoters drove it (−5.5 points) — distribution into the market’s bid.

Safety line The Z-score estimates how far a company sits from balance-sheet distress — above roughly 3 is safe, below roughly 1.8 is the danger zone. It was built for manufacturers, so it is not applied to banks and lenders.

Aerpace Industries Ltd: the Z-score is not available for this stock, so we say so rather than invent one. It is a distance-to-distress estimate from the balance sheet, not a forecast of failure. The debt, cash-flow and return sections above carry the balance-sheet evidence this page does hold, and each of them states its own reporting date.

The safety line in one sentence: the Z-score is not available for this stock, so we say so rather than invent one.

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