Aeron Composites Ltd – Company Report
1. Company Overview
Aeron Composites Ltd, established in 2011 and headquartered in Ahmedabad, Gujarat, is a leading manufacturer of Fibre Reinforced Plastic (FRP) and Glass Reinforced Plastic (GRP) composite products, serving industrial, infrastructure, and recreational segments in India and abroad. The company operates under ‘A Group’, a diversified enterprise with interests in ceramics, paints, and advanced engineering materials. Aeron's mission is to provide long-lasting, green solutions to infrastructure and industrial needs, helping clients access products that offer corrosion resistance, durability, and superior ergonomics compared to traditional materials.
Aeron is known for its integrated, ISO 9001:2015-certified manufacturing base covering about 10,000 sq.mt. at Changodar, Ahmedabad, and is expanding with a new composite facility in Mehsana, Gujarat. The company has a strong export orientation, serving customers in over 30 countries, and employs more than 460 people. The management is led by CEO Chirag Patel, supported by a qualified team and a growing market reach in both domestic and international markets.
- Incorporated: 2011
- Headquarters: Ahmedabad, Gujarat, India
- Legal Status: Public Limited Company, NSE Emerge listed
- Leadership: Chirag Patel (CEO), Sanjaykumar Oza (CFO)
- Certifications: ISO 9001:2015
- Employees: 462
- Core Focus: Manufacturing FRP/GRP composite products
- Geographic Reach: Pan-India and exports to 30+ countries
- Recent Capex: Setting up a new facility in Mehsana using IPO proceeds
2. Products and Services
Aeron Composites Ltd provides a comprehensive portfolio of advanced FRP/GRP products designed for modern industrial, utility, and environmental applications. Key product lines include:
Pultruded Products:
- FRP/GRP structural profiles, rods, cable management systems, handrails, fencing, ladders, and cross arms
Molded and Pultruded Gratings:
- High-strength gratings for industrial floors, platforms, walkways, and drainage
Cable Trays and Accessories:
- FRP flexible, straight, flange, and custom cable trays for electrical and telecom use
Utility & Light Poles, Tanks, and Roofing:
- Poles for lighting and utilities, chemical tanks, roofing sheets, and canopies
Specialty & Custom Solutions:
- Carbon fiber rods, module mounting structures (for solar), cooling tower solutions, trefoil clamps, and more
Aeron’s products are widely used in water and wastewater, oil and gas, metals and mining, transportation, telecommunications, pharmaceuticals, pulp and paper, petrochemicals, construction, and marine sectors. The company emphasizes turnkey solutions, including design, prototype development, testing, manufacturing, logistics, installation, and after-sales service.
3. Recent News & Financial Performance
Recent Developments
- In August 2024, the company raised ₹56.1 crore through a public issue on NSE Emerge, including ₹15.17 crore from anchor investors, to fund a major expansion by setting up a new manufacturing unit at Mehsana, Gujarat, targeting increased capacity for FRP products.
- The company is expanding into new applications and geographies, strengthening global exports and domestic presence for specialty composites.
4. Financial Performance (FY2025)
| Metric | FY2025 Value | YoY Growth |
|---|---|---|
| Total Revenue | ₹215.3 crore | 7.80% |
| EBITDA | ₹17.9 crore | — |
| EBITDA Margin | 8.3% | — |
| Net Profit | ₹13.3 crore | 31.68% |
| Net Profit Margin | 6.2% | — |
| Basic EPS | ₹7.84 | — |
| ROE | 19.6% | — |
| Dividend | Not declared | — |