Aeroflex Industries

Aeroflex Industries completed capacity enhancement in its stainless steel hose and braiding division to 20 million meters per annum and in liquid-cooling skid assemblies to 12,000 units per annum, with the balance 3,000 units to reach 15,000 by December 2026. The board approved expansion of hose capacity to 30 million meters per annum alongside a new assemblies plant to convert 70% to 75% of hoses into assemblies for ₹124 crore, and expansion of skid capacity to 30,000 units with an additional facility for ₹78 crore, taking combined investment to ₹202 crore phased to March 2028 through internal accruals, equity and bridge loans. Hose utilisation stood at 70% and skid utilisation at 69% in the quarter ended June 2026. Gross revenue was about ₹443 crore in FY26, with hoses accounting for roughly 43%, assemblies and fittings for 52% and liquid-cooling skids for 5%, while exports made up 69% of revenue. Standalone revenue in the June quarter was ₹139 crore at an EBITDA margin of about 23.8%.

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Aeroflex Industries completed capacity enhancements to 20 million metres a year in SS hose and braiding and to 12,000 pieces a year in liquid-cooling skid assemblies, with the remaining 3,000 pieces scheduled for completion by December 2026. Its board approved two expansions totalling Rs 202 crore — Rs 124 crore to raise hose and braiding capacity to 30 million metres and build a new assemblies plant, and Rs 78 crore to double skid assembly capacity to 30,000 pieces — for completion in phases by March 2028 through internal accruals, equity and bridge loans. Liquid-cooling skid capacity had stood at 9,000 units a year in the July quarter, after skid assemblies contributed Rs 21.2 crore on 617 units in FY26. Revenue was Rs 443 crore in FY26, with standalone revenue of Rs 139 crore in the June quarter at an EBITDA margin of about 23.8%. The company was debt-free and cash-rich at the close of the June quarter, after raising Rs 55 crore through a preferential allotment in February.

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** Shares of India's Aeroflex Industries AERO.NS rise 4.6% to 437.30 rupees

** Stock set for its best session since June 17, 2026

** Metallic tube and hose maker reports June-quarter consol net profit more than doubles to 187.9 million rupees from 71.7 million a year earlier

** Consol revenue from operations rises 71.9% Y/Y in the quarter

** More than 3.9 million shares change hands, about 2.2x the 30-day average volume

** Stock up 126.5% YTD

(Reporting by Payel Das in Bengaluru)

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July 27 (Reuters) - Aeroflex Industries Ltd AERO.NS:

• AEROFLEX INDUSTRIES JUNE-QUARTER CONSOL NET PROFIT 187.9 MILLION RUPEES

• AEROFLEX INDUSTRIES JUNE-QUARTER CONSOL REVENUE FROM OPERATIONS 1.45 BILLION RUPEES

Source text: ID:nBSE8KK2mG

Further company coverage: AERO.NS

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July 1 (Reuters) - Aeroflex Industries Ltd AERO.NS:

• AEROFLEX INDUSTRIES - RAISED PRODUCTION CAPACITY OF LIQUID COOLING ASSEMBLIES TO 9000 PIECES/ANNUM

Further company coverage: AERO.NS

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April 8 (Reuters) - Aeroflex Industries Ltd AERO.NS:

• RECEIVES TOTAL TAX DEMAND ORDER FOR 71.9 MILLION RUPEES

Source text: ID:nBSE5rTt0H

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April 1 (Reuters) - Aeroflex Industries Ltd AERO.NS:

• INCREASED CAPACITY OF LIQUID COOLING SFN SKID ASSEMBLIES TO 6,000 PIECES PER YEAR

Source text: ID:nNSE86HDzV

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March 27 (Reuters) - Aeroflex Industries Ltd AERO.NS:

• GETS TAX DEMAND ORDER WORTH 417.6 MILLION RUPEES

Source text: ID:nNSE8Jr75J

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Dec 15 (Reuters) - Aeroflex Industries Ltd AERO.NS:

• TO CONSIDER RAISING FUNDS VIA EQUITY SHARES

Source text: ID:nBSEl6Yg0

Further company coverage: AERO.NS

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** Shares of Aeroflex Industries AERO.NS fall nearly 7% to 191.7 rupees, posting their biggest intraday pct drop since February 10

** Metallic tube and hose maker reported 42.2% Y/Y fall in Q1 consol profit on Monday, while rev from ops slipped about 6%

** Stock up ~1.9% YTD

(Reporting by Yagnoseni Das in Bengaluru)

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March 19 (Reuters) - Aeroflex Industries Ltd AERO.NS:

• UNIT AEROFLEX INDUSTRIES, U.K, STANDS DISSOLVED

Source text: [ID:]

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** Shares of Aeroflex Industries AERO.NS rise exchange-allowed maximum of 20% to 223.35 rupees

** Metallic tube and hose maker on Wednesday reported 68.3% Y/Y rise in Q3 consol profit while rev from ops rose 36.5% Y/Y

** Share price currently above 50-day, 100-day and 200-day exponential moving averages

** Stock witnessing most active trading session since Jan. 11, 2024, with more than 8.9 mln shares changing hands, 9x of 30-day avg

** Stock rose 30.4% in 2024

(Reporting by Ashish Chandra in Bengaluru)

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Jan 9 (Reuters) - Aeroflex Industries Ltd AERO.NS:

• AEROFLEX INDUSTRIES LTD - TO CONSIDER AND APPROVE EXPANSION PLAN

Source text: ID:nBSE5517kj

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Oct 30 (Reuters) - Aeroflex Industries Ltd AERO.NS:

• AEROFLEX INDUSTRIES - CLOSURE OF UNIT AEROFLEX INDUSTRIES, U.K

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** Shares of India's Aeroflex Industries AERO.NS down 4.7% after falling as much as 5% earlier in the session

** Co's consolidated profit drops about 20% as a surge in costs overpower rev rise

** Stock on track to decline for the third straight session

** YTD stock has shed ~9%

(Reporting by Hritam Mukherjee in Bengaluru)

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May 6 (Reuters) - Aeroflex Industries Ltd AERO.NS:

• DIVIDEND OF 0.25 RUPEE PER SHARE

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** Shares of Aeroflex Industries AERO.NS up 5.6%, paring some gains after rising as much as 7.2% to hit day's high of 140.25 rupees

** Metallic tube and hose maker said that the board has approved to buy complete stake in Hyd-Air Engineering, which makes hydraulic fittings for 172.1 mln rupees ($2.1 mln)

** Co plans to invest about 180 mln rupees in Hyd-Air to increase the production capacity over the next two-three years

** More than 1.1 mln shares change hands by 12:45 p.m. IST, 2.3x the 30-day avg

** Stock on track for a third consecutive session of gains, if trend holds

** Including session's move, stock down 10.8% YTD

($1 = 83.3390 Indian rupees)

(Reporting by Navamya Ganesh Acharya in Bengaluru)

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** Shares of Aeroflex Industries AERO.NS up 2.2%, paring some gains after rising as much as 3.7% to hit day's high of 130 rupees

** Indian metallic tube and hose maker says installed capacity rose to 13.5 million meters per annum; Phase II expansion completed

** Phase II expansion to increase capacity to 16.5 million meters per annum; expected by Dec with investment worth upto 390 million rupees (nearly $5 million)

** Stock trading below its 50- and 200-day moving averages since early Feb

** More than 337,000 shares change hands, 0.8x the 30-day avg

** Stock down 21.5% since listing in Aug 2023

($1 = 83.1161 Indian rupees)

(Reporting by Dimpal Gulwani in Bengaluru)

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March 20 (Reuters) - Aeroflex Industries Ltd AERO.NS:

• INSTALLED CAPACITY INCREASED TO 13.5 MILLION METERS P.A., PHASE 1 EXPANSION IS COMPLETED

• PHASE II EXPANSION TO INCREASE INSTALLED CAPACITY FROM 13.5 MILLION METERS P.A. TO 16.5 MILLION METERS P.A.

• PHASE II EXPANSION PLAN EXPECTED TO COMPLETE BY DEC WITH INVESTMENT OF ABOUT 390 MILLION RUPEES

Further company coverage: AERO.NS

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Nov 3 (Reuters) - Aeroflex Industries Ltd AERO.NS:

• APPROVED PLAN FOR SETTING UP SEPARATE PROJECT FOR METAL BELLOWS AND EXPANSION JOINT

• PROJECT COST ABOUT 430 MILLION RUPEES FROM INTERNAL ACCRUALS

Source text for Eikon: ID:nBSE35qkwY

Further company coverage: AERO.NS

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Oct 25 (Reuters) - Aeroflex Industries Ltd AERO.NS:

• TO CONSIDER AND APPROVE PLAN FOR SETTING UP A SEPARATE PROJECT FOR METAL BELLOWS

Source text for Eikon: ID:nBSE4Vt62Z

Further company coverage: AERO.NS

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BENGALURU, Sept 27 (Reuters) - Indian commercial port operator JSW Infrastructure received bids worth 606.13 billion rupees ($7.29 billion) in its initial public offering (IPO), exchange data showed on Wednesday.

The JSW Group-owned company received bids for 5.09 billion shares at between 113 and 119 rupees, 37.37 times more than the 136.3 million shares offered, National Stock Exchange data showed, with institutional investors showing the most interest.

The IPO of India's second-largest commercial port operator in terms of cargo handling capacity was JSW Group's first since JSW Energy in 2010, and comprised of fresh issue of shares worth up to 28 billion rupees.

JSW Energy JSWE.NS debuted in January 2010, and has since risen more than four-fold in value.

JSW Infra, which competes with Adani Ports APSE.NS and Gujarat Pipavav Port GPPL.NS, is due to be listed on Indian exchanges next week.

The company plans to use proceeds from the IPO to repay certain borrowings and invest in expansion projects at its units JSW Jaigarh Port and JSW Mangalore Container Terminal. It had a net debt of 22.16 billion rupees as of March 31, 2023.

It also plans to expand its operational capacity to up to 300 million tonnes per annum (MTPA) across its ports and terminals by 2030 from around 158 MTPA currently.

In comparison, Adani Ports had a total operating capacity of 558 MMTPA as on March 31.

JSW Infra's profit for fiscal 2023 more than doubled to 7.50 billion rupees year-on-year, while its revenue from operations rose 40.6% to 31.95 billion rupees, its IPO prospectus showed.

The listing would follow successful debuts by companies like Aeroflex Industries AERO.NS and Concord Biotech CONB.NS in the past few days owing to improved domestic appetite, and robust foreign and domestic fund inflows.

($1 = 83.1854 Indian rupees)

(Reporting by Rama Venkat in Bengaluru; Editing by Varun H K)

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Corrects paragraph 2 of Aug. 31 story to drop erroneous reference to the company operating in the aviation sector

By Hritam Mukherjee and Rama Venkat

BENGALURU, Aug 31 (Reuters) - Shares of India's Aeroflex Industries AERO.NS surged as much as 82% in their trading debut on Thursday before settling 51% higher, valuing the company at $255 million and making it the latest stock to notch up strong gains in first-day trading.

Aeroflex makes metallic tubes, hoses and other products that are mainly exported for use in industries ranging from fire-fighting to refineries.

The initial public offering, which was subscribed 97.1 times, raised 3.51 billion rupees following strong demand from investors.

The Mumbai-based company joins Mankind Pharma MNKI.NS and Concord Biotech CONB.NS in a list of companies with stellar market debuts as robust foreign inflows and domestic appetite for new listings boost the confidence of firms heading for the capital market.

Its products are more eco-friendly than rubber or polymer ones as the emissions during manufacturing are 3-5 times lower, Aeroflex Managing Director Asad Daud said.

Aeroflex has the first-mover advantage in its space, which explains the stellar demand in its IPO and trading debut, said Prashanth Tapse, senior vice president of research at Mehta Equities.

Aeroflex's shares opened at a 76% premium to its IPO price of 108 rupees and surged further before easing to end at 163.25 rupees, valuing the company at 21.11 billion rupees.

The stock likely ran into some profit booking, Tapse said.

The company's parent, SAT Industries STIN.NS - a textile-to-finance group - sold shares in the IPO, while well known investor Ashish Kacholia also bought shares ahead of the listing.

Daud said the company plans to repay all its debt with proceeds from the offering. Its outstanding debt was 394.4 million rupees as on July 31.

Aeroflex's profit rose 9.6% in the year ended March 31, 2023, while revenue from operations climbed nearly 12%.

($1 = 82.7635 Indian rupees)

(Reporting by Rama Venkat and Hritam Mukherjee in Bengaluru; Editing by Nivedita Bhattacharjee, Eileen Soreng and Saumyadeb Chakrabarty)

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Sept 1 (Reuters) - Aeroflex Industries Ltd AERO.NS:

• REPAYED ENTIRE OUTSTANDING KOTAK MAHINDRA BANK LOAN OF 324.9 MILLION RUPEES

• CO IS DEBT FREE AFTER THE PRE-PAYMENT

Source text for Eikon: ID:nNSEbV75c8

Further company coverage: AERO.NS

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Corrects paragraph 3 to say co got bids worth 243.50 bln rupees, not raised 243.50 bln rupees

BENGALURU, Aug 31 (Reuters) - Shares of Indian metallic tubes and hose maker Aeroflex Industries AERO.NS surged as much as 81.8% in trading debut on Thursday, valuing the company at 25.39 billion Indian rupees ($307.14 million).

The Mumbai-based firm's share price rose to 196.35 rupees apiece during the session so far, compared to the initial public offer (IPO) price of 108 rupees.

The 23.2 million shares allotted to certain investors were subscribed 97.11 times at the end of bidding on Aug. 24, inviting bids worth 243.50 billion rupees, data from the National Stock Exchange showed.

The 3.51-billion rupees IPO consisted of a fresh issue of shares worth 1.62 billion rupees and an offer for sale of shares from existing shareholders and parent SAT Industries STIN.NS worth 1.89 billion rupees, according to a prospectus.

Aeroflex joins other listings, such as Mankind Pharma MNKI.NS, Blackstone's Nexus Select Trust NEXE.NS and Concord Biotech CONB.NS that fared well in the capital market amid improved domestic sentiment.

As of 11:11 a.m. IST, benchmark Nifty 50 .NSEI was down about 0.2%.

($1 = 82.6650 Indian rupees)

(Reporting by Rama Venkat and Hritam Mukherjee in Bengaluru; Editing by Nivedita Bhattacharjee and Eileen Soreng)

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** Shares of Sat Industries Ltd STIN.NS rise as much as 10.3% to 80 rupees, their biggest intraday pct gain since May 9

** STIN, a company engaged in several businesses like manufacturing, leasing and finance, says it sold 3.6% stake held in its unit Aeroflex Industries Ltd AERO.NS for 355.8 mln rupees ($4.32 mln)

** If trend holds, stock on track to advance for a second consecutive session

** STIN stock trading above its 50- and 100-day exponential moving averages since May 12

** About 179,105 shares change hands, vs 30-day avg of 562,967 shares - Refinitiv Data

** Stock up 11.3%, YTD

($1 = 82.2930 Indian rupees)

(Reporting by Priya Sagar in Bengaluru)

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