Aequs Ltd Q4 FY26 Results & Concall Highlights: Revenue, Margins & Order Book

Q4 FY26 earnings call analysis: revenue, margin, capex, fundraise and order book outlook from management commentary.

Published 13 Jun 2026 | Aerospace & Defense | Market Cap: ₹16.1K Cr

Aerospace segment targeting 25-30% revenue growth in FY27 with long-term guidance of 20%+ CAGR over 5-10 years, supported by a large order book and expanding engine components portfolio. Consumer Segment** - Expected EBITDA breakeven by Q4 FY27 as utilization improves from current 23% to 40%-50%.

From Aequs Ltd's Q4 FY26 earnings-call transcript · updated 23 Aug 2026.

Price

₹259

Market Cap

₹16.1K Cr

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Aequs Ltd — Quarterly revenue & net profit

Revenue Net Profit

Dec 2024

Mar 2025

Sep 2025

Dec 2025

Mar 2026

Reported quarterly figures (₹ Cr). Latest: revenue ₹367 Cr, net profit ₹-54 Cr.

Full financials →

📊 Revenue & Sales Performance

→Aerospace segment targeting 25-30% revenue growth in FY27 with long-term guidance of 20%+ CAGR over 5-10 years, supported by a large order book and expanding engine components portfolio.
→Consumer segment expects 125-150% revenue growth in FY27 driven by ramp-up in consumer electronics capacity and new client wins like Mattel.
→Consumer electronics utilization targeted to increase from current 23% to 40-50% in FY27, with EBITDA breakeven expected by Q4 FY27.
→Long-term consumer business margins aimed to reach 18-20% at around 75-80% utilization.
→Additional capex of INR 500 crore planned for consumer segment in FY27 to support scale-up based on clear customer demand.
→Aerospace growth supported by supply of over 100-150 parts per month and integrated offerings, with high confidence in sustaining 20%+ margins.
→Overall, Aequs projects strong volume and revenue growth fueled by capacity expansion, customer confidence, and diversified product offerings.

📈 Profitability & Margins

→**Consumer Segment**
→ - Expected EBITDA breakeven by Q4 FY27 as utilization improves from current 23% to 40%-50%.
→ - Revenue growth guidance of 125%-150% in FY27.
→ - Long-term goal of achieving EBITDA margins similar to aerospace (~20%).
→ - Significant planned capex (~INR 500 crores in FY27) to support ramp-up and meet customer demand.
→**Aerospace Segment**
→ - Targeting 25%–30% revenue growth in FY27 with sustained EBITDA margins around 20%.
→ - Long-term growth rate of 20%+ CAGR over the coming years supported by increasing order book and expanded product portfolio.
→ - Continued margin stability despite growing scale and vertical integration.
→**Overall**
→ - Consolidated profitability expected to reach break-even in H1 FY28.
→ - Improved ROCE in Aerospace (20% in FY26) signals efficient scaling.
→ - Funding capex largely through a mix of internal accruals and debt, maintaining healthy net debt/equity ratio at 0.23 (FY26).

See what Aequs Ltd said on profitability & margins — free account, 30 seconds.

🏗️ Capital Expenditure Plans

→Planned investment of INR 2,800 crores over the next 5 years in Karnataka, covering Belgaum and Hubli clusters.
→For FY27, consumer division capex planned at INR 500 crores.
→Aerospace segment capex planned at approximately INR 160 crores for FY27.
→Capex funded through a combination of internal accruals (INR 660 crores planned this year) and debt funding.
→Additional consumer segment capex driven by clear customer demand and the need to scale up capacity to meet India's manufacturing requirements.
→Consumer electronics gross block currently about INR 830 crores; with planned additions of INR 500 crores, aiming for asset turnover of around 1.5x.
→Focus on maximizing utilization of assets and absorbing capacity from clients like Hasbro and Mattel to support business ramp-up.

💰 Fundraising & Capital Structure

→For FY27, Aequs Limited plans to fund capex primarily through a mix of internal accruals and debt.
→Approximately INR660 crores of capex this year is expected to be funded via internal accruals.
→The balance capex funding will be leveraged through debt borrowings.
→No specific breakdown of debt vs. internal accrual funding was provided publicly; management offered to discuss details offline.
→There is no mention of any planned equity fundraising in the near term.
→The company is well capitalized with an improved net debt-to-equity ratio of 0.23 as of March 31, 2026, indicating comfortable leverage for upcoming investments.
→Overall capex planned over five years in Karnataka is INR2,800 crores, including consumer and aerospace segments, to be funded mostly through internal accruals and debt.

See what Aequs Ltd said on fundraising & capital structure — free account, 30 seconds.

📋 Order Book & Pipeline

→Aerospace order book as of May 26, 2026, stood at USD 889 million. (Page 5)
→The aerospace order book represents a robust backlog with a 26% increase in the portfolio since last year, comprising 5,654 SKUs. (Page 5)
→The order book supports a revenue growth guidance of 25% to 30% for FY27 in aerospace, indicating strong pending orders and customer engagements. (Page 8)
→The consumer segment is in a ramp-up phase with increasing capacity and product additions, targeting utilization growth from 23% to 40-50% by year-end FY27. (Pages 5, 9)
→Long-term multiple-year opportunities are expected in aerospace with continued portfolio expansion into engine components and landing gear. (Pages 5, 16)

Key Metrics

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Frequently Asked Questions

What were Aequs Ltd Q4 FY26 results?

What is Aequs Ltd share price analysis?

Aequs Ltd currently shows a neutral. The stock trades at a P/E of N/A with a market cap of ₹16,093 Cr. Investors should review the full earnings analysis for detailed insights.

Is Aequs Ltd planning capital expenditure?

Planned investment of INR 2,800 crores over the next 5 years in Karnataka, covering Belgaum and Hubli clusters.

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This analysis is AI-generated based on publicly available earnings data and concall transcripts. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.