AIMTRON
Aimtron Electronics share price & financials
- Price
- ₹1,255.65
- Market cap
- ₹3.8k Cr
- Sector
- Capital Goods
- Calls analysed
- 3
Aimtron Q4 FY26
What went well
- Consolidated revenue for FY26 reached ₹301.2 crores, an 89.2% increase from FY25.
- Profit after tax for FY26 grew 79.7% to ₹46 crores compared to FY25.
- Maintained strong profitability with FY26 EBITDA margin at 22.6% and PAT margin at 15.3%.
What to watch
- Inventory levels increased due to chip shortages, price increases, and supply chain constraints.
- Geopolitical situations have led to M&A plans being put on hold and contribute to minor fluctuations in gross margins.
What Aimtron Electronics Ltd does
Aimtron Electronics is an ODM-led Electronics System Design and Manufacturing (ESDM) company that earns by taking client projects from concept through PCB design, component sourcing, assembly, testing and turnkey system/box-build integration. It serves OEMs across automotive, industrial automation, aerospace & defence, railways, medical & healthcare, IoT/robotics, power, telecommunications and agrotech end-markets. Manufacturing and design work is carried out at ISO-certified facilities in Vadodara and Bengaluru (India), extended into the US through a Texas subsidiary and the Decatur, Illinois facility acquired with International Control Services Inc.
Segments
- PCB Assembly (PCBA)
- Box Build
- Integrated Design / ODM Services
- Manufacturing facilities (global)
- 3 (Vadodara & Bengaluru in India; Decatur, Illinois in USA)
- Design facilities
- 5
- SMT (Surface Mount Technology) lines
- 9
- Through-hole (THT) assembly stations
- 37
- Box-build assembly lines
- 3
- Design engineers
- 150+
Guidance record · Q4 FY26
what the last two calls moved 10 tracked 4 delivered 2 missed 4 open- Revenue delivered said Q4 FY25 Promised: >₹270-280 crores for FY26 Q4 FY26: Company reported FY26 revenue of ₹301.2 crores, exceeding the guidance.
- Financial Reporting Transparency went quiet said Q4 FY25 Promised: Issue a press release to clarify financial reclassifications Q4 FY26: The promise remains unfulfilled with no further mention.
- Capex Execution delayed said Q2 FY26 Promised: First new SMT line operational by Q3/early Q4 FY27 Q4 FY26: Timeline for SMT lines pushed to Q1 FY28, though the mechanical facility is expected in Q3 FY27.
All 10 tracked — every revision, and every one management stopped mentioning.
Open the guidance ledgerQuarterly results
Q4 FY26: revenue up 224.0%, net profit up 242.9% against the same quarter last year.
| Line item | Q2 FY24 | Q4 FY24 | Q2 FY25 | Q4 FY25 | Q2 FY26 | Q4 FY26 |
|---|---|---|---|---|---|---|
| Revenue | 43 | 50 | 58 | 101 | 96 +123% | 162 +224% |
| EBITDA | 11 | 12 | 15 | 19 | 25 +127% | 33 +175% |
| Net profit | 7 | 7 | 11 | 15 | 15 +114% | 24 +243% |
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 +145.4% 1Y
1Y: ₹722.4 on 10 Sept 2025 → ₹1,772.95. High ₹1,772.95 (11 Sept 2026), low ₹680.1 (10 Oct 2025).
How the price took the results
close before → close after
- Q4 FY26
- +6.5%
- 29 Apr
- Q2 FY26
- −1.5%
- 6 Nov
The move from the last close before each results date to the first close after it — the market's first read on the quarter, not the quarter itself.
Balance sheet
| Year ending | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| Equity capital | ₹1 Cr | ₹1 Cr | ₹3 Cr | ₹15 Cr | ₹20 Cr | ₹21 Cr |
| Reserves | ₹21 Cr | ₹20 Cr | ₹32 Cr | ₹37 Cr | ₹173 Cr | ₹207 Cr |
| Borrowings | ₹3 Cr | ₹8 Cr | ₹17 Cr | ₹15 Cr | ₹0 Cr | ₹0 Cr |
| Other liabilities | ₹12 Cr | ₹30 Cr | ₹43 Cr | ₹26 Cr | ₹59 Cr | ₹117 Cr |
| Total liabilities | ₹36 Cr | ₹59 Cr | ₹95 Cr | ₹93 Cr | ₹253 Cr | ₹346 Cr |
| Fixed assets | ₹5 Cr | ₹25 Cr | ₹23 Cr | ₹23 Cr | ₹32 Cr | ₹29 Cr |
| Capital work in progress | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Investments | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹5 Cr | ₹8 Cr |
| Other assets | ₹32 Cr | ₹34 Cr | ₹72 Cr | ₹70 Cr | ₹216 Cr | ₹308 Cr |
| Total assets | ₹36 Cr | ₹59 Cr | ₹95 Cr | ₹93 Cr | ₹253 Cr | ₹346 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 Aug 2026
Since Sep 2025, promoters trimmed −2.81 pp while the public added +2.53 pp. The shareholder count grew 38% to 5,869.
- Promoters
- 68.6%
- FIIs
- 0.2%
- DIIs
- 3.0%
- Public
- 28.2%
Since Sep 2025
- Promoters −2.81 pp
- Public +2.53 pp
- DIIs +0.56 pp
How it drifted, 5 quarters
Over this window the public went from 25.4% to 28.2% — +2.8 pp.
Ownership split by quarter, oldest first. Sep '24: Promoters 71.3%, FIIs 1.8%, DIIs 1.5%, Public 25.4%.Mar '25: Promoters 71.4%, FIIs 1.0%, DIIs 3.5%, Public 24.1%.Sep '25: Promoters 71.4%, FIIs 0.5%, DIIs 2.4%, Public 25.7%.Mar '26: Promoters 70.9%, FIIs 0.2%, DIIs 2.2%, Public 26.7%.Aug '26: Promoters 68.6%, FIIs 0.2%, DIIs 3.0%, Public 28.2%.
Who is on the register
Named in the Aug 2026 filing
Every holder of Aimtron Electronics Ltd above SEBI's 1% disclosure line, and what changed since Mar 2026.
| Holder | Stake | Change |
|---|---|---|
| Mukesh Jeram Vasani | 57.87% | −1.92 pp |
| Nirmal Mukesh Vasani | 5.68% | −0.18 pp |
| Dhruti D Babaria | 4.76% | −0.15 pp |
| India Equity Fund 1 AIF | 1.15% | −0.42 pp |
| Bhanu Mulji Vasani | 0.16% | unchanged |
| Himalay Lakhanbhai Bambhaniya | 0.06% | unchanged |
| Lilavantiben Rameshbhai Pambhar | 0.03% | unchanged |
| Lakhan Ambabhai Bambhaniya | 0.03% | unchanged |
| Bambhaniya Lakhanbhai Ambabhai (HUF) | 0.03% | unchanged |
| Sharmilaben Lakhanbhai Bambhaniya | 0.01% | unchanged |
| Nishtha Lakhan Bambhaniya | 0.00% | unchanged |
| Kishorbhai Gajera | 0.00% | 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.
What the price assumes
- Growth the price implies
- 33.5% a year
- for 7 years, fading to 4%
- It has actually compounded at
- Not enough history
- The gap
- —
- between what it did and what it must do
All earnings calls (3)
Read the Q4 FY26 call →Learn to analyse Aimtron Electronics Ltd
Guides on how to read this kind of business and the numbers that matter.