Buy Aeroflex for TP ₹235 (+43%)

Aeroflex is expected to deliver strong CAGR in revenues & PAT over FY25-FY27E. The lean balance sheet & strong cash flow generation will improve ROCE to 25% in FY27E from 20.5% in FY25 which will ensure co commands rich multiple. Buy for TP ₹235 (+43%) https://rakesh-jhunjhunwala.in/aero...-target-price-of-₹235-43-upside-icici-direct/