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The BSE, founded in 1875, is Asia's oldest stock exchange — it started under a banyan tree on Dalal Street, where the bronze bull stands today.
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The BSE, founded in 1875, is Asia's oldest stock exchange — it started under a banyan tree on Dalal Street, where the bronze bull stands today.
The BSE, founded in 1875, is Asia's oldest stock exchange — it started under a banyan tree on Dalal Street, where the bronze bull stands today.
Aeroflex Enterprises Limited, formerly SAT Industries Limited, is an India-based company, which is engaged in the manufacturing of flexible packaging, hose pipes, leasing, investment and other activities. Its segments include Trading, Manufacturing, and Finance. Its…
Weekly engine runs — movement reflects the numbers, not analyst opinion.
A decent, fast-growing business, fully valued — but flagged on governance.
Sat Industries is scored on the general / industrial framework. It keeps a healthy 11.8% of every rupee of sales as net profit. Cash conversion lags the reported profit (CFO/PAT 0.21×) — worth a closer look. Free cash flow is worth about -0.3% of its market value.
Over the last 3 years revenue compounded at 15%/yr and profit at 24%/yr. Book value itself has compounded 46%/yr — the hallmark of a genuine compounder. Return on equity is a healthy 17.7%. In the latest quarter profit grew 302% versus the prior quarter.
At 21× earnings, the stock sits at the 67th percentile of its own 3.6-year range — the middle of where it has historically traded. Today's price asks for only ~-6%/yr growth over a decade — undemanding expectations. The forensic screen raises a red flag: Only ₹-0.41 of cash per ₹1 profit over 4 years — earnings not converting to cash.
A plain-English restatement of the figures on this page — rules-based, for education and research context, not investment advice or a recommendation.
| Ratio | Company | Sector | Read |
|---|---|---|---|
| P/E | 7.05 | 6.69 | worse |
| P/B | 1.48 | 3.37 | better |
| EV/EBITDA | 4.5 | — | — |
| ROE | 17.7 | 24.99 | worse |
| ROCE | 28.14 | — | — |
| ROA | 14.18 | — | — |
| Quick Ratio | 3.28 | — | — |
| Peer | P/E | P/B | ROE |
|---|---|---|---|
| JSW Steel | 10.5 | 2.9 | 11.9% |
| Tata Steel | 20.6 | 2.3 | 10.6% |
| Jindal Steel & Power | 41.5 | 2.3 | 6.2% |
15% CAGR over 3 years — steady double-digit compounder. Growth is accelerating — latest year outpaced the prior year's rate.
Profit is growing faster than revenue (24% vs 15%) — margin expansion is at work.
Operating margin has expanded from 12% to 15% — the business is keeping more of each rupee earned.
ROE at 9% — modest; the capital isn't working hard. Capital efficiency declining — ROE down 6pp.
Profit grew faster than EPS (24% vs 13%) — share dilution is eroding per-share value. 13% EPS CAGR — this is the rate at which each share's claim on earnings is compounding.
2 of 4 years had negative operating cash flow — profitability on paper may not translate to cash. Cash conversion at 0.2× PAT — reported profit isn't translating into cash, raising earnings quality questions. Raising capital despite positive cash flow — could signal expansion plans or opportunistic fundraising.
When operating cash keeps pace with reported profit, earnings are cash-backed; a persistent shortfall is a quality flag.
Revenue rose 61% sequentially — momentum is building. Wide quarterly swings (46% spread) — likely seasonality, lumpy orders, or project-based revenue. Run-rate stepping up — recent quarters average 43% above earlier ones.
Profit jumped 302% QoQ — check if this is operating leverage or a one-off item. Quarterly net margins are expanding (11% → 31%) — profitability per rupee of revenue is improving.
How today's P/E compares to the stock's own historical range. Dashed line = the 3.6y median.
Promoter holding at 52.5% — majority control intact.
Produced by a rules-based engine over licensed exchange fundamentals — every sentence above is derived from the numbers shown, no analyst or AI opinion involved. Education and research context, not investment advice. We are not SEBI-registered as an Investment Adviser or Research Analyst.