Aeroflex Enterprises raises stake in M.R. Organisation to 68%
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Aeroflex Enterprises is increasing its stake in M.R. Organisation to 68% by paying ₹55.8 million in cash.
- The extra 4% purchase brings total ownership to 68%, up from the existing ~64% held.
- M.R. Organisation reported FY 2024‑25 turnover of ₹782.4 million and PAT of ₹166.5 million, with net worth of ₹603.8 million—the cash outlay is under 10% of net worth and under 4% of annual sales, indicating a cheap valuation.
- The deal adds a tech‑based MRO and air‑compressor product line, giving Aeroflex immediate access to a global footprint (India, UK, USA, Belgium, Portugal) and an export network to 75 countries.
- Financial impact is modest: a ₹55.8 million cash outflow that Aeroflex can absorb easily, and the acquisition is expected to be earnings‑accretive once integration is complete.
- Main risks are integration across multiple geographies and continued related‑party scrutiny, while demand for industrial MRO services remains cyclical.
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