AERONEU

Aeroflex Neu financials

Market cap
₹177 Cr
Sector
Capital Goods

What Aeroflex Neu Limited does

Aeroflex Neu Limited (formerly Sah Polymers Limited) manufactures and exports Flexible Intermediate Bulk Containers (FIBCs), Polypropylene (PP) and High Density Polyethylene (HDPE) woven bags and fabrics, Biaxially Oriented Polypropylene (BOPP) laminated bags, and technical textile products across two manufacturing facilities in Udaipur, Rajasthan. It also acts as a Del Credere Associate and Consignment Stockist for Indian Oil Corporation Limited (IOCL) and operates a Dealer Operated Polymer Warehouse (DOPW) for IOCL's polymer division. Its subsidiary, Fibcorp Polyweave Private Limited, separately manufactures and exports the full FIBC range from simple builder bags to complex C-panel and circular baffle bags. Products serve agriculture, petrochemicals, metals and minerals, cement, textiles, fertilizers and food/pharma packaging customers domestically and across 30+ export countries.

Segments

  • FIBCs (Flexible Intermediate Bulk Containers)
  • PP/HDPE woven bags & fabrics
  • BOPP laminated bags
  • Technical textiles
  • IOCL polymer distribution
Manufacturing facilities
2 (both in Udaipur, Rajasthan)
Consolidated installed capacity
9,120 MTPA (7,920 MTPA Aeroflex Neu + 1,200 MTPA subsidiary Fibcorp)
Capacity utilisation
81%
Export markets
30+ countries (Africa, Middle East, Europe, US, Australia, Caribbean)
Domestic footprint
14 states & 1 union territory, 24 cities
Domestic customers
85+
Founded 1992Headquarters Udaipur, Rajasthan, India Company website

Quarterly results

Q1 FY27: revenue down 4.9%, net profit down 90.1% against the same quarter last year.

₹ Cr · quarterly
Line itemQ2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26Q3 FY26Q4 FY26Q1 FY27
Revenue34 32 34 30 35 +2%31 −4%34 +1%28 −5%
EBITDA1 1 0 1 1 −21%2 +43%0 −68%1 +35%
Net profit0 0 -0 1 1 +312%1 -1 −156%0 −90%
How to read this

₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.

Performance −36.4% 1Y

₹60₹70₹80₹90₹100₹110Sept 25Oct 25Dec 25Jan 26Mar 26Apr 26Jun 26Jul 26Sept 26

1Y: ₹107.15 on 10 Sept 2025 → ₹68.1. High ₹107.43 (11 Sept 2025), low ₹62 (17 Mar 2026).

Financials, as filed

Revenue grew 8.8% a year over 2 years, FY24 to FY26. Operating margin narrowed to 2.7%.

Year endingFY24FY25FY26
Revenue₹109 Cr₹129 Cr₹129 Cr
Operating profit₹5 Cr₹4 Cr₹3 Cr
Operating margin4.3%3.1%2.7%
Interest₹3 Cr₹3 Cr₹2 Cr
Depreciation₹2 Cr₹3 Cr₹3 Cr
Net profit₹1 Cr₹0 Cr₹2 Cr
Net margin0.8%0.2%1.4%
Cash from operations₹0 Cr₹9 Cr₹3 Cr
Free cash flow₹-6 Cr₹3 Cr₹2 Cr
ROCE4.0%3.0%5.0%
How to read this

From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.

Balance sheet

Year endingFY20FY22FY23FY24FY25FY26
Equity capital₹16 Cr₹16 Cr₹26 Cr₹26 Cr₹26 Cr₹26 Cr
Reserves₹4 Cr₹8 Cr₹59 Cr₹58 Cr₹79 Cr₹76 Cr
Borrowings₹10 Cr₹30 Cr₹25 Cr₹31 Cr₹29 Cr₹24 Cr
Other liabilities₹7 Cr₹14 Cr₹16 Cr₹17 Cr₹19 Cr₹19 Cr
Total liabilities₹36 Cr₹69 Cr₹126 Cr₹132 Cr₹153 Cr₹145 Cr
Fixed assets₹13 Cr₹19 Cr₹47 Cr₹51 Cr₹54 Cr₹53 Cr
Capital work in progress₹0 Cr₹7 Cr₹1 Cr₹1 Cr₹0 Cr₹0 Cr
Investments₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹0 Cr
Other assets₹23 Cr₹43 Cr₹78 Cr₹80 Cr₹99 Cr₹92 Cr
Total assets₹36 Cr₹69 Cr₹126 Cr₹132 Cr₹153 Cr₹145 Cr
How to read this

As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.

Who owns it

As disclosed at Jun 2026

Since Jun 2025, the public trimmed −0.50 pp while FIIs added +0.49 pp. The shareholder count shrank 8% to 5,881.

Promoters
60.5%
FIIs
4.1%
DIIs
0.4%
Public
35.0%

Since Jun 2025

  • Public −0.50 pp
  • FIIs +0.49 pp
  • Promoters 0.00 pp

How it drifted, 12 quarters

Sep '23Dec '24Jun '26

Ownership split by quarter, oldest first. Sep '23: Promoters 60.5%, FIIs 4.2%, Public 35.3%.Dec '23: Promoters 60.5%, FIIs 3.6%, Public 36.0%.Mar '24: Promoters 60.5%, FIIs 3.1%, Public 36.4%.Jun '24: Promoters 60.5%, FIIs 3.6%, Public 35.9%.Sep '24: Promoters 60.5%, FIIs 3.6%, Public 35.9%.Dec '24: Promoters 60.5%, FIIs 3.6%, DIIs 0.0%, Public 35.9%.Mar '25: Promoters 60.5%, FIIs 3.6%, DIIs 0.0%, Public 35.9%.Jun '25: Promoters 60.5%, FIIs 3.6%, DIIs 0.4%, Public 35.5%.Sep '25: Promoters 60.5%, FIIs 3.7%, DIIs 0.4%, Public 35.5%.Dec '25: Promoters 60.5%, FIIs 3.7%, DIIs 0.4%, Public 35.5%.Mar '26: Promoters 60.5%, FIIs 4.1%, DIIs 0.4%, Public 35.0%.Jun '26: Promoters 60.5%, FIIs 4.1%, DIIs 0.4%, Public 35.0%.

Who was buying across the market this quarter →

Who is on the register

Named in the Jun 2026 filing

Every holder of Aeroflex Neu Limited above SEBI's 1% disclosure line, and what changed since Mar 2026.

HolderStakeChange
Aeroflex Enterprises Limited 55.50%unchanged
Sat Invest Private Limited 4.96%unchanged
Park Continental Private Limited 4.33%unchanged
Meru Investment Fund Pcc-Cell 1 FPI fund3.63%unchanged
L7 Hitech Private Limited 3.06%unchanged
Da Tradetech Private Limited 2.09%unchanged
Gamco Limited 1.83%unchanged
Harsh Jasmin Ajmera 1.59%unchanged
Space Age Polymers LLP 1.35%unchanged
Minal Manish Ajmera 1.16%unchanged
Golden Goenka Commerce Private Limited 1.06%unchanged
Rahul Gorwara 1.05%unchanged

A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.

Learn to analyse Aeroflex Neu Limited

Guides on how to read this kind of business and the numbers that matter.