Aequs (AEQUS) share price, P/E, ROE & financials

As of 6 Nov 2026, Aequs is loss-making on a trailing 12-month basis, with a net loss of ₹202 Cr, so it has no P/E ratio. The share price is ₹219.54, 26% below its 52-week high. Sales grew 15% a year over 3 years. Debt is 0.60× equity. It is a small-cap company with a market cap of ₹14,377 Cr, ranked 12th of 27 Aerospace & Defense companies by market cap; the shares rose 45% over the past year.

As of 6 Nov 2026Prices are delayed about 15 minutes; fundamentals are from the quarter ended Sep 2026.How we calculate this

past year

Open: ₹220.60
Day high: ₹221.50
Day low: ₹215.55
Prev. close: ₹222.64
Volume: 22.6 L

Health check

1 good · 5 to check

ReturnsAhead
+45.1% over a year, better than 6 of 7 peers.
Price tagLoss-making
Earnings were negative over the last 12 months.
GrowthUnder pressure
Sales +14.8% a year over 3 years, but loss-making now.
ProfitabilityNegative
ROCE -0.2% vs peer median 20.4%.
Balance sheetStretched
Debt 0.60× equity, operating profit doesn’t cover interest, Piotroski 5 of 9.
Red flags3 to check
Loss-making over the last twelve months.

Compared with 7 industry peers. Computed from reported figures. Educational, not a recommendation.

Aerospace & Defense

26 listed peers. Screen the industry

Small cap

₹14,377 Cr, #12 of 27 in its industry by size.

Market sensitivity

Measuring against the NIFTY 50…

Key metrics

Last 12 months to Sep 2026: sales ₹1,498 Cr · profit ₹−202 Cr

Market cap: ₹14,377 Cr; Small cap
P/E: n/a; Industry 54.7
Price to book: 10.32; Peers 9.16
Dividend yield: 0.00%
ROE: −18.4%; Peers 23.2%
ROCE: −0.2%; Peers 20.4%
Debt to equity: 0.60; Debt ₹836 Cr
EPS (TTM): −₹3.19; Face value ₹10
OPM (TTM): 3.6%; Net margin −13.5%
Sales growth: +45.3%; Latest quarter vs a year ago
Profit growth: n/a; Year-ago quarter not reported
Price to sales: 9.60; EV/EBITDA 36511.0

Strengths

Quarterly sales up 45.3% on a year ago.

Risks to check

Loss-making over the last twelve months.
Return on equity is low at −18.4%.
Interest coverage of only 1.4×.

Derived automatically from reported figures. Not a recommendation.

About Aequs

Aequs Limited, a contract manufacturing company, engages in the provision of integrated products solutions in India, the United States of America, France, Hong Kong, Sweden, United Kingdom, Germany, and internationally. It operates through Aerospace and Consumer segments. The company operates a fully vertically integrated aerospace manufacturing value chain that offers end-to-end manufacturing and integration solutions, such as forging, precision…

Headquarters: Belagavi
Employees: 1,766
Sector: Industrials
ISIN: INE947N01017
Website: aequs.com

Price range

52 weeks

₹113.30₹294.70

Today

₹215.55₹221.50

Avg volume (3M): 44.8 L
1-year return: plus 45.1%
From 52-week high: minus 25.5%

Analyst consensus

5 analysts

BuyMean target ₹290.20 32.2%

Target range, with today’s price

Low ₹235.00High ₹444.00

Today’s price ₹219.54 is below the lowest analyst target.

Consensus from Yahoo Finance. Not a recommendation.

Peers · Aerospace & Defense

Capital-heavy industry columns

Compare with peers Screen the whole industry

Company
HALHindustan Aeronautics	4,980.00	minus 1.25%	3,33,050	35.7	28.5	13.8%	25.3%	0.00	6.4%	plus 7.6%
BELBharat Electronics	396.00	plus 0.23%	2,89,467	45.3	33.7	31.9%	28.2%	0.00	15.5%	minus 4.8%
MAZDOCKMazagoan Dock Shipbuilders	1,840.00	plus 0.05%	74,222	30.3	21.9	28.5%	16.2%	0.08	19.6%	minus 31.5%
BDLBharat Dynamics	1,060.00	minus 1.40%	38,856	74.6	152.1	7.2%	12.8%	0.00	−0.9%	minus 27.4%
COCHINSHIPCochin Shipyard	1,220.00	minus 1.05%	32,096	47.2	30.3	16.7%	12.6%	0.28	26.9%	minus 30.3%
GRSEGarden Reach Shipbuilders & Engineers	2,135.70	minus 0.07%	24,465	30.6	25.8	36.8%	11.0%	0.01	40.0%	minus 16.4%
DATAPATTNSData Patterns (India)	3,767.70	minus 4.85%	21,093	87.8	54.8	20.4%	39.6%	0.00	26.8%	plus 46.6%
AEQUSAequs	219.54	minus 1.39%	14,377	–	159.0	−0.2%	4.0%	0.60	14.8%	plus 45.1%
Median of 7 peers	–	−1.05%	38,856	45.3	30.3	20.4%	16.2%	0.00	19.6%	−16.4%

Quarterly results

Consolidated, ₹ crore

SalesSelect a row below to chart it

Sep 25	Dec 25	Mar 26	Jun 26	Sep 26
282	326	367	396	409
253	303	364	381	395
28.4	22.8	2.9	14.7	13.8
10.1%	7.0%	0.8%	3.7%	3.4%
17.8	16.7	34.9	9.6	12.4
25.7	20.8	35.8	18.9	20.6
32.6	35	45.5	45.3	46.5
0.1	−16.7	10.3	0	0.1
−12	−33	−33.3	−39.8	−40.9
−72.4%	−29.3%	−62.5%	−33.7%	−27.8%
−20.6	−42.7	−53.7	−53.2	−52.4
-0.31	-0.70	-0.89	-0.81	-0.80

Profit & loss

Yearly, ₹ crore

Sales CAGR 3Y: +14.8%
ROE: −18.4%

Net profitSelect a row below to chart it

Mar 2023	Mar 2024	Mar 2025	Mar 2026
791	941	898	1,198
–	+18.9%	minus 4.6%	+33.4%
751	813	837	1,105
40.6	129	61	92.8
5.1%	13.7%	6.8%	7.7%
−0.9	31.5	−5.7	46.6
48	58	51.7	67.4
99.5	108	103	138
5.2	3.3	5.7	−5.9
−103	−2.2	−94.1	−71.5
−5.9%	−456.9%	−8.9%	−58.4%
−98.8	−10.8	−102	−113
-1.51	-0.17	-1.56	-1.87

Forecast

Your assumptions, not a prediction

Balance sheet

At each financial year end, ₹ crore

Total assetsSelect a row below to chart it

Mar 2023	Mar 2024	Mar 2025	Mar 2026
425	832	582	671
−146	−422	135	816
736	699	785	701
307	715	358	503
1,322	1,823	1,860	2,690
605	774	907	1,145
6.7	188	405	98.2
0.3	0.1	1.7	0.1
53	279	62.6	321
657	581	483	1,127
1,322	1,823	1,860	2,690

Cash flow

Yearly, ₹ crore

Cash from operationsSelect a row below to chart it

Mar 2023	Mar 2024	Mar 2025	Mar 2026
9.8	−19.1	26.1	−98.8
−88.9	−343	−73.8	−371
54.4	393	25.4	704
−24.7	31	−22.3	235
−85.6	−182	−265	−343
−75.8	−201	−239	−441

Shareholding pattern

Source: NSE filings

59.1%

promoters

Promoters59.09%
Public38.65%
Employee trusts2.26%
As of 30 Sep 2026

Quarter	Promoters	Public	Promoter change
30 Sep 2026	59.09%	38.65%	0.00
30 Jun 2026	59.09%	38.62%	plus 0.01
31 Mar 2026	59.08%	38.57%	0.00
31 Dec 2025	59.08%	38.57%	0.00
9 Dec 2025	59.08%	38.57%	–

Major shareholders

NSE filing

Filings & events

News

No recent news coverage found.

My notes

Private to you