{"id":328076,"date":"2026-10-27T12:04:06","date_gmt":"2026-10-27T06:34:06","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/?p=328076"},"modified":"2026-10-27T12:04:06","modified_gmt":"2026-10-27T06:34:06","slug":"aequs-shares-crash-19-percent-after-q2-losses-widen-buy-sell-or-hold-aerospace-order-book-consumer-electronics-drag-and-key-levels","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/aequs-shares-crash-19-percent-after-q2-losses-widen-buy-sell-or-hold-aerospace-order-book-consumer-electronics-drag-and-key-levels\/","title":{"rendered":"Aequs Shares Crash 19% After Q2 Losses Widen: Buy, Sell or Hold? Aerospace Order Book, Consumer Electronics Drag and Key Levels"},"content":{"rendered":"<p style=\"border-left:4px solid #1F4E79;background:#EBF3FB;padding:10px 16px;font-style:italic;\"><em>Aequs shares crashed as much as 19% on Tuesday, 27 Oct 2026, touching Rs 196.50 against the previous close of Rs 242.40, after the September-quarter net loss widened to Rs 52.3 crore from Rs 20.6 crore a year earlier. By 11:59 AM the stock had recovered to Rs 217.05, down 10.46%, on volume of about 3.04 crore shares against about 31 lakh on Monday (data provider).<\/em><\/p>\n<div style=\"background:#F0F9FF;border-left:4px solid #2E7D32;border-radius:6px;padding:14px 18px;margin:18px 0;\">\n<p style=\"margin:0;color:#1F4E79;font-size:14px;\"><strong>Quick Answer<\/strong><\/p>\n<p style=\"margin:8px 0 0;\">Aequs shares fell because EBITDA dropped 45% to Rs 24.5 crore and the EBITDA margin shrank to 6% from 16%, even though revenue rose 45% to Rs 409.1 crore. The aerospace business is healthy, with revenue up 44% and an order book of USD 1.1 billion, but the consumer electronics business lost Rs 40.1 crore at the EBITDA level. The stock has a daily RSI of 16.75, which is deeply oversold, and trades below its 20-day average of Rs 254.45. This is educational and not a recommendation.<\/p>\n<\/p><\/div>\n<p>Aequs shares had already slipped from about Rs 265 on 13 Oct to Rs 242.40 on Monday before the results, so Tuesday&#8217;s gap down added to an existing fall. The Aequs share price is now about 26% below its 52-week high of Rs 294.70 (my calculation), and investors are asking whether the aerospace story still outweighs the consumer losses. This article reads the Aequs Q2 results segment by segment, then checks valuation, the technical picture and the risks.<\/p>\n<p>I could not retrieve the names or targets of any brokerage that commented on the results, even though the headline says a brokerage weighed in, so I do not quote any. Where sources differ on a figure, I flag it. It is educational and not advice.<\/p>\n<p style=\"margin-top:24px;\"><strong><a href=\"https:\/\/univest.in\/user\/log-in?utm_source=blogs&#038;utm_medium=aequs-shares-crash-19-percent-after-q2-losses-widen-buy-sell-or-hold-aerospace-order-book-consumer-electronics-drag-and-key-levels\">Click Here &#8211; Get Free Investment Predictions<\/a><\/strong><\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_65 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/univest.in\/blogs-2\/aequs-shares-crash-19-percent-after-q2-losses-widen-buy-sell-or-hold-aerospace-order-book-consumer-electronics-drag-and-key-levels\/#Why_Aequs_Shares_Fell_After_the_Q2_Results\" title=\"Why Aequs Shares Fell After the Q2 Results\">Why Aequs Shares Fell After the Q2 Results<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/univest.in\/blogs-2\/aequs-shares-crash-19-percent-after-q2-losses-widen-buy-sell-or-hold-aerospace-order-book-consumer-electronics-drag-and-key-levels\/#Aerospace_Strength_and_Consumer_Electronics_Drag\" title=\"Aerospace Strength and Consumer Electronics Drag\">Aerospace Strength and Consumer Electronics Drag<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/univest.in\/blogs-2\/aequs-shares-crash-19-percent-after-q2-losses-widen-buy-sell-or-hold-aerospace-order-book-consumer-electronics-drag-and-key-levels\/#Capex_Funding_and_Management_Targets\" title=\"Capex, Funding and Management Targets\">Capex, Funding and Management Targets<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/univest.in\/blogs-2\/aequs-shares-crash-19-percent-after-q2-losses-widen-buy-sell-or-hold-aerospace-order-book-consumer-electronics-drag-and-key-levels\/#Valuation_of_Aequs_Shares\" title=\"Valuation of Aequs Shares\">Valuation of Aequs Shares<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/univest.in\/blogs-2\/aequs-shares-crash-19-percent-after-q2-losses-widen-buy-sell-or-hold-aerospace-order-book-consumer-electronics-drag-and-key-levels\/#Technical_Levels_for_Aequs_Shares\" title=\"Technical Levels for Aequs Shares\">Technical Levels for Aequs Shares<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/univest.in\/blogs-2\/aequs-shares-crash-19-percent-after-q2-losses-widen-buy-sell-or-hold-aerospace-order-book-consumer-electronics-drag-and-key-levels\/#Buy_Sell_or_Hold_Risks_and_What_to_Watch_Next\" title=\"Buy, Sell or Hold: Risks and What to Watch Next\">Buy, Sell or Hold: Risks and What to Watch Next<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/univest.in\/blogs-2\/aequs-shares-crash-19-percent-after-q2-losses-widen-buy-sell-or-hold-aerospace-order-book-consumer-electronics-drag-and-key-levels\/#Conclusion_Aequs_Shares_Need_Consumer_Losses_to_Shrink\" title=\"Conclusion: Aequs Shares Need Consumer Losses to Shrink\">Conclusion: Aequs Shares Need Consumer Losses to Shrink<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/univest.in\/blogs-2\/aequs-shares-crash-19-percent-after-q2-losses-widen-buy-sell-or-hold-aerospace-order-book-consumer-electronics-drag-and-key-levels\/#Frequently_Asked_Questions\" title=\"Frequently Asked Questions\">Frequently Asked Questions<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/univest.in\/blogs-2\/aequs-shares-crash-19-percent-after-q2-losses-widen-buy-sell-or-hold-aerospace-order-book-consumer-electronics-drag-and-key-levels\/#Why_did_Aequs_shares_crash_on_27_Oct_2026\" title=\"Why did Aequs shares crash on 27 Oct 2026?\">Why did Aequs shares crash on 27 Oct 2026?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/univest.in\/blogs-2\/aequs-shares-crash-19-percent-after-q2-losses-widen-buy-sell-or-hold-aerospace-order-book-consumer-electronics-drag-and-key-levels\/#Should_I_buy_sell_or_hold_Aequs_shares\" title=\"Should I buy, sell or hold Aequs shares?\">Should I buy, sell or hold Aequs shares?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/univest.in\/blogs-2\/aequs-shares-crash-19-percent-after-q2-losses-widen-buy-sell-or-hold-aerospace-order-book-consumer-electronics-drag-and-key-levels\/#How_did_the_aerospace_segment_perform\" title=\"How did the aerospace segment perform?\">How did the aerospace segment perform?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/univest.in\/blogs-2\/aequs-shares-crash-19-percent-after-q2-losses-widen-buy-sell-or-hold-aerospace-order-book-consumer-electronics-drag-and-key-levels\/#Why_is_the_consumer_electronics_business_losing_money\" title=\"Why is the consumer electronics business losing money?\">Why is the consumer electronics business losing money?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/univest.in\/blogs-2\/aequs-shares-crash-19-percent-after-q2-losses-widen-buy-sell-or-hold-aerospace-order-book-consumer-electronics-drag-and-key-levels\/#Did_Aequs_report_a_larger_loss_than_the_previous_quarter\" title=\"Did Aequs report a larger loss than the previous quarter?\">Did Aequs report a larger loss than the previous quarter?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/univest.in\/blogs-2\/aequs-shares-crash-19-percent-after-q2-losses-widen-buy-sell-or-hold-aerospace-order-book-consumer-electronics-drag-and-key-levels\/#What_are_the_key_technical_levels_for_Aequs_shares\" title=\"What are the key technical levels for Aequs shares?\">What are the key technical levels for Aequs shares?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/univest.in\/blogs-2\/aequs-shares-crash-19-percent-after-q2-losses-widen-buy-sell-or-hold-aerospace-order-book-consumer-electronics-drag-and-key-levels\/#What_is_the_company_doing_about_capex_and_funding\" title=\"What is the company doing about capex and funding?\">What is the company doing about capex and funding?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-16\" href=\"https:\/\/univest.in\/blogs-2\/aequs-shares-crash-19-percent-after-q2-losses-widen-buy-sell-or-hold-aerospace-order-book-consumer-electronics-drag-and-key-levels\/#Is_this_article_investment_advice\" title=\"Is this article investment advice?\">Is this article investment advice?<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Why_Aequs_Shares_Fell_After_the_Q2_Results\"><\/span><strong>Why Aequs Shares Fell After the Q2 Results<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table style=\"border-collapse:collapse;width:100%;\">\n<tr>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Aequs shares: Q2 FY27 (Rs crore)<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Sep 2026<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Sep 2025<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Change<\/th>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Revenue from operations<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">409.1<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">281.6 (company basis)<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Up 45%<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">EBITDA<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">24.5<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">44.3<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Down 45%<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">EBITDA margin<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">6%<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">16%<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Down 10 percentage points<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Net loss<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">52.2 to 52.3 (sources differ)<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">20.6<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Loss widened<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Net loss in June 2026 quarter<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">53.2<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Not applicable<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Loss narrowed slightly from June<\/td>\n<\/tr>\n<\/table>\n<p>In the Aequs Q2 results, the loss widened sharply from a year ago, but it narrowed marginally from the June 2026 quarter, and EBITDA rose about 14% from Rs 21.5 crore in June (DSIJ). The company also said the year-on-year comparison is not like for like, because consumer electronics costs were expensed in FY27 while they were treated as pre-operative in FY26. Even so, Aequs shares reacted to the margin, because a 6% EBITDA margin leaves little cushion for a stock that was valued for growth.<\/p>\n<p>Sources differ on a few base figures. The data provider shows Rs 297.34 crore of revenue for September 2025 and Rs 402.27 crore for June 2026, while the company-basis figures in the articles I read are Rs 281.6 crore and Rs 395.5 crore. On the data provider base, revenue growth would be about 37.6% (my calculation), so the 45% headline should be read as a company-basis figure.<\/p>\n<p style=\"margin-top:24px;\"><strong><a href=\"https:\/\/univest.in\/screeners\">Track Aequs shares and aerospace stocks on Univest<\/a><\/strong><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Aerospace_Strength_and_Consumer_Electronics_Drag\"><\/span><strong>Aerospace Strength and Consumer Electronics Drag<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table style=\"border-collapse:collapse;width:100%;\">\n<tr>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Aequs shares: segment (Q2 FY27)<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Revenue (Rs crore)<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">EBITDA (Rs crore)<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Comment<\/th>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Aerospace<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">351.4, up 44%<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">78.3, up 24%<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">EBITDA margin about 22.3% (my calculation)<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Consumer electronics<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">57.7, up 52%<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Loss of 40.1<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Loss was Rs 36.1 crore in the June quarter<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Aerospace order book<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">USD 1.1 billion<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Up 9% from June<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Includes a long-term Safran wheel contract<\/td>\n<\/tr>\n<\/table>\n<p>The aerospace order book is where the Aequs share price has found its support. A new Safran agreement to make wheels for the Airbus A320 is described as the company&#8217;s first serial-production contract with a tenure of more than 15 years, and aerospace EBITDA still grew 24%. The weak link is consumer electronics: management cited slower volume ramp-up, longer customer qualification times and supply-chain constraints, and costs rose before volumes could absorb them.<\/p>\n<p>A Kotak Neo report says utilisation of about 50% is the threshold for operating break-even in consumer electronics, and no break-even date was given. DSIJ notes that the path to break-even has been pushed out. For Aequs shares, that means the group-level margin will stay below the aerospace margin until utilisation improves.<\/p>\n<p style=\"margin-top:24px;\"><em>Download the <a href=\"http:\/\/apps.apple.com\/in\/app\/univest-stocks-investment\/id6443753518\" rel=\"nofollow noopener\" target=\"_blank\">Univest iOS App<\/a> or <a href=\"http:\/\/play.google.com\/store\/apps\/details?id=com.univest.capp&#038;hl=en_IN\" rel=\"nofollow noopener\" target=\"_blank\">Univest Android App<\/a> to set price alerts on Aequs shares and aerospace stocks.<\/em><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Capex_Funding_and_Management_Targets\"><\/span><strong>Capex, Funding and Management Targets<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table style=\"border-collapse:collapse;width:100%;\">\n<tr>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Aequs shares: item<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">What was reported<\/th>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Consumer capex<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Planned investment cut to Rs 200 crore to Rs 300 crore<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Aerospace capex<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">To rise, including the Hosur expansion<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Total capex for the year<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 500 crore to Rs 550 crore (Kotak Neo)<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Promoter-group warrants<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 650 crore raised, for expansion, joint ventures and working capital through December 2027<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Fundraising<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">None planned in FY28<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">2031 target<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Revenue of four to six times the FY26 base<\/td>\n<\/tr>\n<\/table>\n<p>Executive Chairman and CEO Aravind Melligeri said consumer volumes ramped up more slowly than expected and that the company will first use existing capacity before committing more capital. That shift is a positive for the balance sheet, because Aequs shares carry high expectations and cash burn from consumer capex is now lower. The promoter-group warrants also signal commitment from the promoters, which supports Aequs shares, although they do not remove the need for profit.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Valuation_of_Aequs_Shares\"><\/span><strong>Valuation of Aequs Shares<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table style=\"border-collapse:collapse;width:100%;\">\n<tr>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Aequs shares: measure<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Reading<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Comment<\/th>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Market cap<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 16,237 crore<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Data provider<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Price to earnings<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Not meaningful<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">The company is loss-making; EPS (TTM) is Rs -2.54<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Price to book<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">10.92<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Book value Rs 22.16 per share<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Return on equity<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">-7.41%<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Negative<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">EV to EBITDA (trailing 12 months)<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">About 142.9<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">DSIJ, at Rs 204.25<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Debt to equity<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">0.47<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Moderate<\/td>\n<\/tr>\n<\/table>\n<p>Aequs shares trade on a price to book of 10.92 with negative earnings, which means the market is valuing the order book and future margins, not current profit. An EV to EBITDA multiple near 143 times for Aequs shares shows how little current profit supports the price. If the aerospace margin holds and the consumer losses shrink, the multiple can fall quickly, but if consumer losses stay at about Rs 40 crore a quarter, the multiple stays high.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Technical_Levels_for_Aequs_Shares\"><\/span><strong>Technical Levels for Aequs Shares<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table style=\"border-collapse:collapse;width:100%;\">\n<tr>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Aequs shares: indicator<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Reading<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Meaning<\/th>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Price at 11:59 AM<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 217.05<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Down 10.46% from Rs 242.40<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Day low<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 196.50 to Rs 196.80<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">About 19% below the previous close<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">14-day RSI<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">16.75<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Deeply oversold<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">20-day EMA<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 254.45<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Price is about 14.7% below it (my calculation)<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">SuperTrend (10, 3)<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Sell; upper band Rs 254.18, lower band Rs 225.36<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Price is below the lower band<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">52-week range<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 113.30 to Rs 294.70<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">About 26% below the high (my calculation)<\/td>\n<\/tr>\n<\/table>\n<p>An RSI of 16.75 for Aequs shares usually reflects heavy selling, and oversold readings can bring short rebounds, as the move from the Rs 196.50 low to Rs 217.05 shows. A rebound has to clear the SuperTrend lower band at Rs 225.36 and the 20-day average at Rs 254.45 before the trend improves. A close below the day&#8217;s low would mean that selling has resumed. These are trend readings and not targets or recommendations.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Buy_Sell_or_Hold_Risks_and_What_to_Watch_Next\"><\/span><strong>Buy, Sell or Hold: Risks and What to Watch Next<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ol>\n<li><strong>Consumer break-even.<\/strong> Watch whether utilisation moves toward 50% and the EBITDA loss of Rs 40.1 crore starts to shrink.<\/li>\n<li><strong>Aerospace conversion.<\/strong> The USD 1.1 billion order book must turn into revenue at a steady margin.<\/li>\n<li><strong>Margin.<\/strong> A group EBITDA margin of 6% is thin against a valuation of 10.92 times book.<\/li>\n<li><strong>Capex discipline.<\/strong> The cut in consumer capex helps Aequs shares, but the Hosur aerospace expansion needs funding.<\/li>\n<li><strong>Volatility.<\/strong> Aequs shares moved about 19% in a session, so position size and stop-loss rules matter.<\/li>\n<\/ol>\n<h2><span class=\"ez-toc-section\" id=\"Conclusion_Aequs_Shares_Need_Consumer_Losses_to_Shrink\"><\/span><strong>Conclusion: Aequs Shares Need Consumer Losses to Shrink<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Aequs shares crashed because the margin collapsed, not because aerospace weakened. The Aequs share price still has support from aerospace revenue and the order book, while consumer electronics is still burning cash and its break-even has moved out. Aequs shares may stay volatile until the next quarter shows lower consumer losses. Verify the filings and decide according to your own risk profile.<\/p>\n<div style=\"background:#CC0000;border-radius:8px;padding:16px 20px;margin:24px 0;\">\n<p style=\"color:#FFFFFF;font-size:13px;line-height:1.7;margin:0;\"><strong style=\"color:#FFFFFF;\">Disclaimer:<\/strong> Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).<\/p>\n<\/p><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Frequently_Asked_Questions\"><\/span><strong>Frequently Asked Questions<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"Why_did_Aequs_shares_crash_on_27_Oct_2026\"><\/span><strong>Why did Aequs shares crash on 27 Oct 2026?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Aequs shares fell as much as 19% after the Aequs Q2 results showed the net loss widening to about Rs 52.3 crore from Rs 20.6 crore and EBITDA fell 45% to Rs 24.5 crore. Revenue rose 45% to Rs 409.1 crore, but the margin dropped to 6%. The stock recovered to Rs 217.05 by 11:59 AM, so check the live quote.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Should_I_buy_sell_or_hold_Aequs_shares\"><\/span><strong>Should I buy, sell or hold Aequs shares?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> That depends on your time horizon and risk profile, and this article is not a recommendation. The aerospace order book of USD 1.1 billion and the 44% growth are positives, while the consumer electronics loss and the 6% margin are risks. Wait for evidence that consumer losses are shrinking before adding Aequs shares.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"How_did_the_aerospace_segment_perform\"><\/span><strong>How did the aerospace segment perform?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Aerospace revenue rose 44% to Rs 351.4 crore and EBITDA rose 24% to Rs 78.3 crore, a margin of about 22.3% (my calculation). The order book is USD 1.1 billion, up 9% from the June quarter. A long-term Safran wheel contract for the Airbus A320 was also announced.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Why_is_the_consumer_electronics_business_losing_money\"><\/span><strong>Why is the consumer electronics business losing money?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Management cited slower volume ramp-up, longer customer qualification timelines and supply-chain constraints, so costs rose before volumes could absorb them. The segment lost Rs 40.1 crore at the EBITDA level in Q2. Utilisation of about 50% is the break-even threshold, and no date was given.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Did_Aequs_report_a_larger_loss_than_the_previous_quarter\"><\/span><strong>Did Aequs report a larger loss than the previous quarter?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> No. The Rs 52.2 crore to Rs 52.3 crore loss is wider than the Rs 20.6 crore loss a year ago, but it is slightly smaller than the Rs 53.2 crore loss in the June 2026 quarter. Some headlines call it a narrowing and others a widening, depending on the comparison.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_are_the_key_technical_levels_for_Aequs_shares\"><\/span><strong>What are the key technical levels for Aequs shares?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Daily readings show an RSI of 16.75, a 20-day EMA of Rs 254.45 and a SuperTrend sell signal with a lower band of Rs 225.36 and an upper band of Rs 254.18. The day&#8217;s low was about Rs 196.50 and the 52-week high is Rs 294.70. These are trend readings and not targets.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_is_the_company_doing_about_capex_and_funding\"><\/span><strong>What is the company doing about capex and funding?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> It cut planned consumer investment to Rs 200 crore to Rs 300 crore and expects total capex of Rs 500 crore to Rs 550 crore, with more going to aerospace, including Hosur. It raised Rs 650 crore through promoter-group warrants and plans no fundraising in FY28. Check the filing for details.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Is_this_article_investment_advice\"><\/span><strong>Is this article investment advice?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> No. It is educational and not a recommendation to buy or sell. Please check the figures against company filings and your own risk profile before you act on anything you read here.<\/p>\n<div class=\"faq-schema\"><script type=\"application\/ld+json\">{\"@context\":\"https:\/\/schema.org\",\"@type\":\"FAQPage\",\"mainEntity\":[{\"@type\":\"Question\",\"name\":\"Why did Aequs shares crash on 27 Oct 2026?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Aequs shares fell as much as 19% after the Aequs Q2 results showed the net loss widening to about Rs 52.3 crore from Rs 20.6 crore and EBITDA fell 45% to Rs 24.5 crore. Revenue rose 45% to Rs 409.1 crore, but the margin dropped to 6%. The stock recovered to Rs 217.05 by 11:59 AM, so check the live quote.\"}},{\"@type\":\"Question\",\"name\":\"Should I buy, sell or hold Aequs shares?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"That depends on your time horizon and risk profile, and this article is not a recommendation. The aerospace order book of USD 1.1 billion and the 44% growth are positives, while the consumer electronics loss and the 6% margin are risks. Wait for evidence that consumer losses are shrinking before adding Aequs shares.\"}},{\"@type\":\"Question\",\"name\":\"How did the aerospace segment perform?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Aerospace revenue rose 44% to Rs 351.4 crore and EBITDA rose 24% to Rs 78.3 crore, a margin of about 22.3% (my calculation). The order book is USD 1.1 billion, up 9% from the June quarter. A long-term Safran wheel contract for the Airbus A320 was also announced.\"}},{\"@type\":\"Question\",\"name\":\"Why is the consumer electronics business losing money?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Management cited slower volume ramp-up, longer customer qualification timelines and supply-chain constraints, so costs rose before volumes could absorb them. The segment lost Rs 40.1 crore at the EBITDA level in Q2. Utilisation of about 50% is the break-even threshold, and no date was given.\"}},{\"@type\":\"Question\",\"name\":\"Did Aequs report a larger loss than the previous quarter?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"No. The Rs 52.2 crore to Rs 52.3 crore loss is wider than the Rs 20.6 crore loss a year ago, but it is slightly smaller than the Rs 53.2 crore loss in the June 2026 quarter. Some headlines call it a narrowing and others a widening, depending on the comparison.\"}},{\"@type\":\"Question\",\"name\":\"What are the key technical levels for Aequs shares?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Daily readings show an RSI of 16.75, a 20-day EMA of Rs 254.45 and a SuperTrend sell signal with a lower band of Rs 225.36 and an upper band of Rs 254.18. The day's low was about Rs 196.50 and the 52-week high is Rs 294.70. These are trend readings and not targets.\"}},{\"@type\":\"Question\",\"name\":\"What is the company doing about capex and funding?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"It cut planned consumer investment to Rs 200 crore to Rs 300 crore and expects total capex of Rs 500 crore to Rs 550 crore, with more going to aerospace, including Hosur. It raised Rs 650 crore through promoter-group warrants and plans no fundraising in FY28. Check the filing for details.\"}},{\"@type\":\"Question\",\"name\":\"Is this article investment advice?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"No. It is educational and not a recommendation to buy or sell. Please check the figures against company filings and your own risk profile before you act on anything you read here.\"}}]}<\/script><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Aequs shares crashed 19% on 27 Oct 2026 after Q2 losses widened to Rs 52.3 crore. See results, the aerospace order book, valuation and levels. Educational only.<\/p>\n","protected":false},"author":35,"featured_media":328074,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[842],"tags":[16525,16524,16523,7259,16522,16528,16527,7262,7692,16526],"class_list":["post-328076","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-aequs-buy-sell-or-hold","tag-aequs-net-loss","tag-aequs-q2-results","tag-aequs-share-price","tag-aequs-shares","tag-aequs-stock-crash","tag-aequs-technical-levels","tag-aerospace-order-book","tag-aerospace-stocks","tag-consumer-electronics"],"metadata":{"rank_math_internal_links_processed":["1"],"_thumbnail_id":["328074"],"rank_math_title":["Aequs Shares Crash 19% After Q2 Loss: Buy, Sell or Hold?"],"rank_math_description":["Aequs shares crashed 19% on 27 Oct 2026 after Q2 losses widened to Rs 52.3 crore. See results, the aerospace order book, valuation and levels. Educational only."],"rank_math_focus_keyword":["Aequs shares"],"rank_math_robots":["a:2:{i:0;s:7:\"noindex\";i:1;s:8:\"nofollow\";}"]},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/univest.in\/blogs-2\/wp-content\/uploads\/2026\/10\/aequs-shares-crash-19-after-q2-losses-widen-buy-sell-or-hold-aerospace-order.webp","_links":{"self":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/328076","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/users\/35"}],"replies":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/comments?post=328076"}],"version-history":[{"count":1,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/328076\/revisions"}],"predecessor-version":[{"id":328077,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/328076\/revisions\/328077"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/media\/328074"}],"wp:attachment":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/media?parent=328076"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/categories?post=328076"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/tags?post=328076"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}