Aequs Limited
₹213.00-₹5.30 (-2.4%)
Last close · Data as of Oct 30, 2026
- Market cap
- ₹9,489 Cr
- P/E
- 989.0x
- EV / EBITDA
- -89.2x
- Revenue
- ₹92.0 Cr
- Net margin
- -175.7%
- ROCE
- 0.9%
Price chart
Technical chartScreen technicals →+40.6% over the last year
Daily closes.
Go deeper
Technical chart: candles, 9 moving averages, RSI, MACD and drawing tools
Performance
Price change over each period, before dividends.
- 1M
- -23.8%
- 3M
- -6.8%
- 6M
- +12.9%
- 1Y
- +40.6%
- 5Y
- +44.8%
52-week range
Day change -₹5.30 (-2.4%) from ₹218 to ₹213 · Last close Oct 30, 2026
AI Summary
Indian StockStrengths1
- Revenue grew 24.3% YoY
Concerns1
- Low interest coverage ratio of 1.1x
Rule-based from financial data. Not advice.
About the company
Aequs Limited operates as a diversified contract manufacturer providing vertically integrated product solutions across the aerospace, toys, and consumer durable goods industries. The company offers contract manufacturing services that include design, development, and production of engineered parts and products.
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Aequs Limited operates as a diversified contract manufacturer providing vertically integrated product solutions across the aerospace, toys, and consumer durable goods industries. The company offers contract manufacturing services that include design, development, and production of engineered parts and products. It provides vertically and horizontally integrated manufacturing ecosystems, built-to-suit facilities, turnkey office spaces, and infrastructure for manufacturing, engineering, and IT/BT companies. The company operates industrial clusters for aerospace, plastics, toys, and consumer goods. It manufactures cookware, home appliances, and children's products for various brands, as well as delivers ODM and OEM solutions. In addition, it offers integrated warehousing, logistics, supply chain management, skill development and training, and support for social infrastructure and residential accommodation. The company was founded in 1997 and is based in Belgaum, India.
- Sector
- Industrials
- Shares outstanding
- 66.8 Cr shares
- ISIN
- INE947N01017
- BSE code
- 544634
Key statistics
Screen fundamentals →Valuation, profitability, growth and solvency at the latest close; hover a label for its meaning.
Valuation
- Market cap
- ₹9,489 Cr
- P/E
- 989.0x
- EV / EBITDA
- -89.2x
- EV / Sales
- 133.8x
- P/S
- 128.2x
- Earnings yield
- 0.1%
- 52-week high
- ₹288.20
- 52-week low
- ₹115.05
Profitability
- Operating margin
- 12.2%
- Net margin
- -175.7%
- EBITDA margin
- -150.0%
- ROE
- -22.7%
- ROCE
- 0.9%
- ROA
- -11.5%
- Dividend payout
- 0.0%
- Tax rate
- 0.0%
- Other income, % of PBT
- 92.3%
Growth
- RevenueLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- ₹92.0 Cr
- Revenue growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 24.3%
- EBITDALatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- -₹111 Cr
- EBITDA growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- -382.6%
- Net profit growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- -43.1%
- Cash from operationsLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- -₹7.00 Cr
- CFO growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- -150.0%
- Free cash flowLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- ₹25.0 Cr
- Asset growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 55.5%
Solvency and efficiency
- Current ratio
- 11.98
- Debt / Equity
- 0.81
- Debt / Assets
- 0.41
- Debt / EBITDA
- -4.19
- Interest coverage
- 1.13
- Financial leverage
- 1.97
- CFO / Net profit
- 0.05
- Cash / Market cap
- 2.8%
- Cash per share
- ₹4.04
- Asset turnover
- 0.07
- Fixed asset turnover
- 1.51
- Capital intensity
- 0.66
- Debtor days
- 58 days
- Inventory turnover
- 0.74
- Cash conversion cycle
- 271 days
Where the revenue went
FY2025 ended in a loss, so the lines are listed rather than drawn as a flow.
| Line | FY2025 |
|---|---|
| Sales | ₹92 Cr |
| Expenses | ₹83 Cr |
| Operating profit | ₹9 Cr |
| Other income | -₹63 Cr |
| Interest | ₹6 Cr |
| Depreciation | ₹10 Cr |
| Profit before tax | -₹71 Cr |
| Tax and other | ₹3 Cr |
| Net profit | -₹74 Cr |
Revenue and net profit
Revenue grew 24.3% in FY2025; net profit is the dashed line.
| Date | Revenue | Net profit |
|---|---|---|
| FY2022 | ₹52 Cr | -₹178 Cr |
| FY2023 | ₹70 Cr | -₹44 Cr |
| FY2024 | ₹74 Cr | -₹130 Cr |
| FY2025 | ₹92 Cr | -₹74 Cr |
Cash flows
FY2025: ₹0 Cr from operations, -₹6.00 Cr free after investment (dashed).
| Date | Operating cash flow | Free cash flow |
|---|---|---|
| FY2022 | ₹17 Cr | -₹155 Cr |
| FY2023 | ₹14 Cr | -₹155 Cr |
| FY2024 | -₹7 Cr | -₹458 Cr |
| FY2025 | ₹0 Cr | -₹6 Cr |
Growth
Latest fiscal year FY2025 (ending March): each figure with its change over the year before.
- Revenue
- ₹92 Cr+24.3%1Y
- Net profit
- -₹74 Cr
- Cash from operations
- ₹0 Cr
- Free cash flow
- -₹6 Cr
| Year | Revenue | Operating income | EBITDA | Net profit | CFO | FCF | ROE | Revenue growth 1Y | Net profit growth 1Y |
|---|---|---|---|---|---|---|---|---|---|
| FY2025 | ₹92 Cr | ₹9 Cr | — | -₹74 Cr | ₹0 Cr | -₹6 Cr | -8.1% | +24.3% | -43.1% |
Monthly returns
Month-by-month returns of AEQUS across the years, with the seasonal pattern.
Balance sheet
What the company owns and owes at the end of FY2025.
| Line | FY2025 |
|---|---|
| Liabilities and equity | ₹1,055 Cr |
| Equity capital | ₹582 Cr |
| Reserves | ₹328 Cr |
| Borrowings | ₹52 Cr |
| Other liabilities | ₹94 Cr |
| Assets | ₹1,055 Cr |
| Fixed assets | ₹40 Cr |
| Capital work in progress | ₹0 Cr |
| Investments | ₹852 Cr |
| Other assets | ₹163 Cr |
Market cap against peers
8 peers: same sector group, nearest by size.
P/E against peers
AEQUS trades at 989.0x earnings against a peer median of 38.3x (a 2486% premium).
Not shown (no positive earnings and no EV / Sales): SWAN DEFENCE AND HEAVY INDUSTRIES LIMITED.
Peer comparison
Same-sector peers by market cap, with the median.
| Company | Market cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|
| Aequs LimitedAEQUSthis companyP/E ↑ premium | ₹9,489 Cr | 989.0x | — | -22.7% | -89.2x |
| Shaily Engineering Plastics Ltd.SHAILY | ₹9,981 Cr | 80.1x | 17.7x | 8.4% | 99.4x |
| SWAN DEFENCE AND HEAVY INDUSTRIES LIMITEDSWANDEF | ₹9,696 Cr | — | 40.4x | -25.5% | -430.0x |
| MMTC Ltd.MMTC | ₹9,542 Cr | 231.0x | 5.8x | 5.0% | 108.9x |
| NCC LimitedNCC | ₹9,406 Cr | 13.1x | 1.2x | 9.3% | 4.3x |
| Astra Microwave Products Ltd.ASTRAMICRO | ₹9,363 Cr | 63.5x | 8.1x | 11.7% | 45.3x |
| SKF India Ltd.SKFINDUS | ₹9,269 Cr | 23.2x | 3.4x | — | — |
| RHI MAGNESITA INDIA LIMITEDRHIM | ₹9,221 Cr | 51.1x | 2.3x | -1.4% | 74.9x |
| G R Infraprojects LimitedGRINFRA | ₹9,104 Cr | 10.6x | 1.1x | 27.5% | 3.2x |
| Peer median | — | 38.3x | 5.2x | 15.2% | 25.8x |
Year-to-date ROI
AEQUS since 1 January, against earlier years.
Historical volatility
AEQUS's day-to-day swings over 30, 60 and 180 days.
Financial statements
Income statement, balance sheet and cash flow as reported, in ₹ crore, grouped into plain-language lines.
Figures in ₹ crore as reported, fiscal years ending March, newest first; the trailing twelve months (TTM) last.
Operating margin by fiscal year
| Date | Operating margin |
|---|---|
| FY2022 | 3.0% |
| FY2023 | 3.0% |
| FY2024 | 12.0% |
| FY2025 | 10.0% |
| Line | FY2025 |
|---|---|
| RevenueSales | ₹92 Cr |
| Costs | |
| Interest | ₹6 Cr |
| Expenses | ₹83 Cr |
| Operating profitOperating Profit | ₹9 Cr |
| Other income and charges | |
| Profit before tax | -₹71 Cr |
| Tax | |
| Net profitNet Profit | -₹74 Cr |
| Per share |
| Line | FY2025 |
|---|---|
| Liabilities and equityTotal Liabilities | ₹1,055 Cr |
| Equity capitalEquity Capital | ₹582 Cr |
| Reserves | ₹328 Cr |
| Borrowings | ₹52 Cr |
| Other liabilitiesOther Liabilities | ₹94 Cr |
| AssetsTotal Assets | ₹1,055 Cr |
| Fixed assetsFixed Assets | ₹40 Cr |
| Capital work in progressCWIP | ₹0 Cr |
| Investments | ₹852 Cr |
| Other assetsOther Assets | ₹163 Cr |
| Line | FY2025 |
|---|---|
| Operating cash flowCash from Operating Activity | ₹0 Cr |
| Investing cash flowCash from Investing Activity | -₹6 Cr |
| Financing cash flowCash from Financing Activity | -₹8 Cr |
| Change in cashNet Cash Flow | -₹13 Cr |
Learn while you research
Academy chapters picked for Aequs Limited and the metrics on this page.
- 01 Taxes on Investments (India)LTCG, STCG, dividend tax, what every Indian investor needs.6 min read
- 02 Stock Valuation BasicsHow to think about what a fair price for a stock looks like.7 min read
- 03 Valuation Multiples ExplainedThis stock trades at a P/E of 989.0, learn when high multiples are justified.6 min read
- 04 Growth Investing24% revenue growth is in the top tier, learn how to value growth.7 min read
- 05 Stock Market RisksSmall caps carry concentrated, idiosyncratic risk, learn to manage it.6 min read
- 06 Business Cycles & StocksThese cyclical sectors win and lose in different macro phases.6 min read