Aequs

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• DebtModerate safety, with cautionRated BBB- by CARE.
• ResultsLoss-makingLost ₹53 Cr in the Jun 2026 quarter, after a profit a year earlier.
• DilutionNo new sharesNo new shares issued in the last year, so existing shareholders' slices were not cut.
• PromotersSteadyThe promoters (founders or parent) own 59% of the company, about the same as in Dec 2025.
• ValuationCheap vs its pastThe share trades at 477.1 times its yearly earnings (P/E), cheaper than 80% of the time in the last 1 years. Its usual P/E is about 1,024.

Aequs against the typical company in its industry. The rank is out of the companies that report each figure; green means the better quarter of the pack, red the worse quarter.

• Valuation (P/E)477.1 against a typical 72.2: pricier than most peers (1st = cheapest).33rd of 33
• Sales growth+54.7% against a typical +30.4% from a year earlier.9th of 28
• Profit growth−1,425% against a typical +8.9% from a year earlier.27th of 27
• Share price, 3 months−4.7% against a typical −2%.19th of 32
• Size₹ 15,804.1 Cr. market value against a typical ₹ 4,442.2 Cr. (1st = largest).5th of 28

Exchange filings and their impact on the company.

• 26 Oct 2026Options to purchase securitiesLow impactNeutralPrice −9.9% on 27 Oct
  Aequs granted 2 lakh stock options under ESOP 2025 with negligible near-term financial impact.

  Aequs Limited's Nomination and Remuneration Committee on October 26, 2026 approved grant of 2,00,000 employee stock options under the Aequs Employee Stock Option Plan 2025 to an eligible employee. No exercise price, vesting or allotment details were disclosed in this intimation. The size implies about 0.3% dilution with only a small annual ESOP charge, so no meaningful impact on earnings or equity over the next year.

  Full analysisFiling
• 12 Oct 2026Press Release (Revised)Medium impactPositivePrice −0.3% on 13 Oct
  Aequs won multi-program long-term Safran supply agreements to be built out of Belagavi and upcoming Hosur plant.

  Aequs announced long-term supply agreements with Safran for critical aerospace components on 12 October 2026. The work covers superalloy machining, coating and assembly of landing gear components for Airbus A320, A330, A350 and Boeing 787 programs, extending the relationship to six Safran entities including Safran Aerosystems and Safran Electronics & Defense. Major work will be done at the upcoming Aequs Engine Components Ecosystem in Hosur, leveraging its Belagavi cluster, building on a decade-long relationship and a July 2026 wheels deal through 2042.

  Full analysisFiling
• 12 Oct 2026Press ReleaseMedium impactPositivePrice −0.3% on 13 Oct
  Aequs won long-term Safran deals for landing-gear parts across A320/A330/A350/787, boosting multi-year visibility.

  Aequs signed long-term supply agreements with Safran for superalloy machining, coating and assembly of landing-gear components for Airbus A320, A330, A350 and Boeing 787 programs, extending its Safran Landing Systems relationship to Safran Aerosystems. The deals build on a July 2026 wheels agreement running through 2042 and leverage its Belagavi cluster, with future support from the Hosur engine components ecosystem. This strengthens Aequs's role as a Tier-1 supplier to global aerospace OEMs and supports multi-year revenue visibility, though no contract value was disclosed.

  Full analysisFiling
• 9 Oct 2026General UpdatesLow impactPositivePrice +2.1% that day
  Aequs paid Rs 15.75 crore for new shares in its defence JV Ajna, a small follow-on investment.

  Aequs Limited made a further investment of Rs 15.75 crore in its joint venture Ajna Aerospace & Defence Private Limited through a rights issue. Ajna allotted 45 lakh partly paid-up shares at Rs 100 each, with Rs 35 per share paid now. The move is a small follow-on funding for the defence business with no immediate impact on revenue or profit.

  Full analysisFiling

Results dates and other board meetings. Full calendar

Compounded yearly rates over each period.

Listed companies in the same business.

Aravind Shivaputrappa Melligeri

Executive Chairman, Chief Executive Officer

Ravi Mallikarjun Hugar

Company Secretary, Compliance Officer

Rajeev Kaul

Managing Director, Executive Director