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Aequs
SectorAerospace & Defense
In the news
Aequs' $1B aerospace order book faces profitability test amid expansion
Aequs shares hit ₹286 high, rally for fourth straight day after ₹650 cr warrant approval
Aequs shares hit all-time high, up 11% in 2 days on strong volumes
Nuvama's Big Bet on Aequs: 91% Upside in India's Aerospace Play
Company insights, generated from the most recent coverage.
Full conversion of the ₹650 Cr warrants roughly doubles the equity base and halves debt-to-equity from 0.67x to ~0.33x, cutting WACC by an estimated ~100 bps into the 10.5-11.5% range.
Funding the ₹4,756 Cr Hosur/Belagavi/Hubballi aerospace and consumer capex with promoter equity avoids ₹40-50 Cr of annual interest and protects ROCE during the ramp phase, before the $1 billion order book converts into revenue.
Paying 50% upfront on warrants — double SEBI's 25% minimum — is an unusually strong promoter conviction signal and delivers ₹325 Cr of immediate liquidity without waiting for conversion.