Company File · BSE 544634 · Latest filing Q1 FY27
Standalone = this company only. Consolidated = including its subsidiaries.
Aequs Limited
Data as of 19 Oct 2026 close · BSE · Latest results Q1 FY27
ISIN INE947N01017 · AEQUS · Capital Goods › Aerospace & Defense
About the business
What does Aequs do? It is a precision manufacturing company with a large base in an aerospace special economic zone in Belagavi, Karnataka. What is a special economic zone? An area with its own business-friendly rules, often set up to boost exports. Aequs makes machined parts, assemblies & structural components for global aircraft & engine makers. It also makes consumer products such as cookware, toys & electronics components. It listed through an IPO in December 2025.
Price & valuation · BSE close, 19 Oct 2026
- Sales growth
- +35.5%
- Profit growth
- +5.6%
- Op. margin
- -1.8%
- Price/book
- 9.22×
- ROCE
- 3.5%
- ROE
- 2.7%
- Debt/equity
- 0.01×
- Promoter
- 59.09%
- Pledged
- 25.36%
- Usual P/E
- 519.0×
The latest earnings call · Apr to Jun 2026 · transcript filed 4 Aug 2026
The transcript is ready to read; its call notes appear here once they are written.
Is it expensive, and is it a good business?
Key ratios
In short Earns low returns on capital (ROCE 3.5%) and has modest borrowings (debt to equity 0.01×).
What you pay Valuation
Needs four reported quarterly EPS figures that are positive.
Latest BSE close ÷ basic EPS over the last 12 months (the last full year less the same months a year earlier, plus this year's, as the company listed within the year). As of 19th October 2026.
The share price is 9.2 times the accounting value of each share. Above its 1-year median of 8.6×.
Latest BSE close ÷ book value per share (equity ÷ shares) on the latest balance-sheet date. As of 19th October 2026.
The market values the company at 128.6 times its yearly sales.
Market value ÷ last 12 months' revenue. As of 19th October 2026.
Needs four consecutive quarters.
Enterprise value ÷ last 12 months' EBITDA. As of 19th October 2026.
Needs a P/E first.
P/E ÷ 12-month EPS growth in % (the last four quarters vs the four before; when those are not all held, the latest financial year vs the year before). Growth above 100% counts as 100%; left blank when EPS fell or was below ₹1 a share a year earlier. Without one-off items when either year has large ones, as for the P/E. As of 19th October 2026.
The company paid no dividend in the last 12 months.
Dividends per share with an ex-date in the last 12 months (restated for any split or bonus since) ÷ the latest BSE close. As of 19th October 2026.
How well it uses money Returns & strength
Each ₹100 of shareholders' money and debt earned about ₹3.5 before interest & tax.
Uses closing capital because the balance sheet from a year earlier is not available yet.
Last 12 months' profit before interest & tax ÷ average (equity + borrowings). As of 31st March 2026.
For every ₹100 of shareholders' money, the company earned about ₹2.7 in a year.
Last 12 months' profit after tax (continuing operations where reported) ÷ average equity. As of 31st March 2026.
The money actually tied up in running the business (leaving out spare cash) earned about 3.3% after tax.
Last 12 months' operating profit after tax (profit before interest & tax × (1 − effective tax rate)) ÷ average invested capital (equity + borrowings − cash & bank balances). As of 31st March 2026.
Every ₹1 of assets generated about ₹0.06 of sales in a year.
Last 12 months' revenue ÷ average total assets. As of 31st March 2026.
Needs four consecutive quarters.
Last 12 months' profit before interest & tax ÷ finance costs. As of 30th June 2026.
For every ₹1 of shareholders' money, it has borrowed ₹0.01.
Borrowings ÷ shareholders' equity on the latest balance-sheet date. As of 31st March 2026.
Who owns it Ownership & more
The founders or parent group own 59.09% of the company.
Promoter & promoter group shareholding from the latest shareholding pattern filed with BSE. As of 30th September 2026.
Promoter holding did not change over the last quarter.
Latest quarter's promoter holding minus the previous quarter's. As of 30th September 2026.
Promoter holding, quarter by quarter
- Sep 202659.09%
- Jun 202659.09%
- Mar 202659.08%
- Dec 202559.08%
Promoters have pledged 25.36% of their shares (1,005.1 lakh shares), 14.99% of the company.
Promoter group shares pledged ÷ all the promoter group's shares, from the shareholding pattern filed with BSE each quarter (other encumbrances, such as non-disposal undertakings, are not counted). As of 30th September 2026.
Pledged, quarter by quarter
- Sep 202625.36%
- Jun 20260.00%
- Mar 20260.00%
- Dec 20250.00%
After paying for new plant & equipment, operations left ₹-15 crore of cash.
Cash from operations − spending on plant & equipment, latest full year. As of 31st March 2026.
Each share has a face (nominal) value of ₹10. It matters for dividends quoted as a percentage, not for valuation.
Face value per share as BSE lists it today.
About 67.07 crore shares were in issue.
BSE's count of listed shares (BSE's market cap ÷ its price), so splits, bonuses & new shares since the latest results are included. As of 19th October 2026.
Your ratios
Ratios you added. Your choices are remembered on this device.
The stock market values the company at about ₹17,229 crore.
Latest BSE close × BSE's count of listed shares. As of 19th October 2026.
Buying the whole business, including its debt and keeping its cash, would cost about ₹17,112 crore.
Market value + borrowings − cash & bank balances. As of 19th October 2026.
The company reported ₹50 crore of profit over the last 12 months.
Reported profit after tax over the last 12 months: the last full year less the same months a year earlier, plus this year's, as the company listed within the year. As of 30th June 2026.
Needs four consecutive quarters.
Basic EPS over the last 12 months: the last full year less the same months a year earlier, plus this year's, as the company listed within the year. As of 30th June 2026.
Each share is backed by about ₹28 of net assets on the books.
Shareholders' equity ÷ shares. As of 31st March 2026.
Needs four consecutive quarters.
EBITDA ÷ revenue over the last 12 months. As of 30th June 2026.
About ₹10.6 of every ₹100 of sales became profit last quarter.
Profit after tax ÷ revenue for the latest quarter. As of 30th June 2026.
Sales were 35.5% higher than a year earlier.
Latest quarter's revenue vs the same quarter last year. As of 30th June 2026.
Profit was 5.6% higher than a year earlier.
Latest quarter's profit after tax vs the same quarter last year (continuing operations when a one-off discontinued item exists). As of 30th June 2026.
Short-term assets cover short-term bills 2.85 times.
Current assets ÷ current liabilities. As of 31st March 2026.
Customers take about 73 days to pay.
Trade receivables ÷ last 12 months' revenue × 365. As of 31st March 2026.
Stock on hand equals about 131 days of sales.
Inventories ÷ last 12 months' revenue × 365. As of 31st March 2026.
99.6% of pre-tax profit came from other income (interest, dividends, gains).
Other income ÷ profit before tax, last 12 months. As of 30th June 2026.
Each ₹1 of profit brought in ₹-0.10 of operating cash.
Latest full year's cash from operations ÷ profit after tax. As of 31st March 2026.
Cash exceeds borrowings by ₹117 crore.
Cash & bank balances − borrowings. As of 31st March 2026.
The company paid about 12.8% of its pre-tax profit as tax.
Tax expense ÷ profit before tax (continuing operations), last 12 months. As of 30th June 2026.
Everything the company owns earned 2.5% in a year.
Last 12 months' profit ÷ average total assets. As of 31st March 2026.
Needs four consecutive quarters.
Revenue − expenses + finance costs + depreciation, last 12 months. As of 30th June 2026.
Needs five financial years of cash flows.
Sum over five financial years of (cash from operations − capital expenditure).
The company spent ₹10 crore on plant & equipment.
Purchase of property, plant & equipment, latest full year. As of 31st March 2026.
Borrowings stood at ₹12 crore.
Current + non-current borrowings. As of 31st March 2026.
Foreign institutions own 5.93%.
Foreign institutional holding from the latest shareholding pattern. As of 30th September 2026.
Domestic institutions own 9.27%.
Domestic institutional holding (mutual funds, insurers, banks, pension funds). As of 30th September 2026.
The highest price in the last year was ₹294.9.
Highest intraday BSE price in the last 12 months (raw, not adjusted). As of 6th October 2026.
The lowest price in the last year was ₹113.65.
Lowest intraday BSE price in the last 12 months (raw, not adjusted). As of 16th March 2026.
The share price moved 69.6% over the last year.
Close today ÷ close a year ago − 1 (raw prices, dividends not included). As of 19th October 2026.
Needs positive 12-month EPS.
Dividends per share with an ex-date in the last 12 months ÷ the last four quarters' EPS. As of 30th June 2026.
Needs four financial years of results (three years of growth).
Compound annual growth in revenue over three financial years.
Needs four financial years of results (three years of growth).
Compound annual growth in profit after tax over three financial years.
Tap the i beside any ratio for a plain explanation.
How these are worked out
Price-based ratios use the latest BSE close (19th October 2026). Share count 67.07 crore, from paid-up capital in the 19th October 2026 filing. Figures are standalone.
What you pay: Higher numbers mean you pay more for each rupee the company earns or owns.
How well it uses money: Higher returns mean each rupee in the business earns more. Lower debt means less strain.
Who owns it: A steady promoter stake with nothing pledged is a calm sign.
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Last 4 quarters ₹ crore · Standalone
| ₹ crore | Q1 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|
| Revenue from operations | 28.4 | 30.9 | 36.7 | 38.5 |
| EBITDA | – | 1.0 | -1.6 | -0.7 |
| Operating margin | – | 3.3% | -4.4% | -1.8% |
| One-off items | – | −13.7 | +32.4 | – |
| Profit after tax | 3.8 | -6.4 | 52.2 | 4.1 |
| Profit after tax without one-offs | 3.8 | 3.9 | 27.8 | 4.1 |
| Basic EPS (₹) | – | -0.10 | 0.86 | 0.06 |
One-off items: exceptional items reported separately in the filing. Profit without one-offs takes them out after tax at 25%.
Latest filings BSE
Corporate announcements 31
- 16 Oct 2026Corrigendum To Notice Of Extra Ordinary General Meeting To Be Held On October 22, 2026EGM
- 16 Oct 2026Disclosures of reasons for encumbrance by promoter of listed companies under Reg. 31(1) read with Regulation 28(3) of SEBI (SAST) Regulations, 2011.Disclosures under Reg. 31(1) and 31(2) of SEBI (SAST) Regulations, 2011
- 16 Oct 2026Disclosures under Reg. 31(1) and 31(2) of SEBI (SAST) Regulations, 2011.
Quarterly results 0
None in the filings we hold.
Conference calls 5
- 20 Aug 2026Analyst / Investor Meet - Intimation
- 10 Aug 2026Analyst / Investor Meet - Intimation
- 10 Aug 2026Analyst / Investor Meet - Intimation
Investor presentations 0
None in the filings we hold.
Members see every filing, and what each means for the company in Corporate Intelligence.
The full Company File
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