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Business Overview

* Incorporated on October 19, 1993 Aeroflex Industries Limited is a manufacturers and suppliers of environment friendly metallic flexible flow solution products including braided hoses, unbraided hoses, solar hoses, gas hoses, vacuum hoses, braiding, interlock hoses, hose assemblies, lancing hose assemblies, jacketed hose assemblies, exhaust connectors, exhaust gas recirculation (EGR) tubes, expansion bellows, compensators and related end fittings collectively known as flexible flow solutions catering to global as well as domestic markets.

* The Company is into metallic flexible flow solutions made of Stainless Steel. They have recently developed products made of bronze as well. Their products replace flow solutions made of rubber and polymers.

* The Company exports their products to more than 80 countries including Europe, USA and others. For Fiscals 2023,2022 and 2021 their exports were ?2,171.80 million, ?2,035.59 million and ?1,171.15 million which constituted 80.60%, 84.53%, and 80.90% of their revenue from operations respectively.

* They supply their products to a wide spectrum of industries for controlled flow of all forms of substances including air, liquid and solid.

* The Company’s diversified customer base comprises distributors, fabricators, MROs i.e. Maintenance Repair and Operations Companies, Original Equipment Manufacturers (OEMs) and companies operating in a wide range of industries.

* The Company’s revenue from operations grew at a CAGR of 36.43%, their EBITDA grew at a CAGR of 55.54% and their profit after tax grew at a CAGR of 123.97% between Fiscal 2021 and Fiscal 2023.

Products Offerings:

As of March 31,2023, the Company’s product portfolio comprised Stainless Steel Corrugated Flexible Hoses (with and without braiding), SS Braiding, Interlock Hoses and Assemblies catering to a diverse range of end user industries, including steel, oil and gas fire sprinklers, refineries aerospace & defence, fire sprinklers & fire fighting, metals & mining, solar and other flexible flow solution

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