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Adroit Industries (India) Ltd (ADROITIND)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 544950 NSE: ADROITIND Auto Ancillary | Small Cap | Adroit Industries Share Price

₹235.95 -12.40 (-4.99%)

As on 01-Oct'26 16:59

Adroit Industries (India) Ltd (ADROITIND)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 544950 NSE: ADROITIND Auto Ancillary | Small Cap | Adroit Industries Share Price

₹235.95 -12.40 (-4.99%)

As on 01-Oct'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹1,057 Cr.
Current Price
₹236
52-Week Low / High
₹236 / 260
TTM EPS
₹5.8
TTM Sales
₹140 Cr.
Book Value per Share
₹58.3
P/E Ratio
40.46
Industry PE
47.2
Price to Book (P/B)
4.05
Price to Sales (P/S)
7.55
EV/EBITDA
26.51
Dividend Yield
0%
Profitability Efficiency
Return on Equity (ROE)
22.53%
Outperforms industry median
Return on Capital Employed (ROCE)
21.50%
Outperforms industry median
Return on Assets (ROA)
13.09%
Operating Profit Margin
27.7%
Net Profit Margin
18.69%
Gross Profit Margin
26.6%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Improving versus 3-year growth rate
-5.05%
Operating Profit Growth (1 Year)
Slowing versus 3-year growth rate
24.79%
Net Profit Growth (1 Year)
Slowing versus 3-year growth rate
44.21%
Asset Quality
Promoter Holding
88.92%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹216 Cr.
Equity
₹44.8 Cr.
Face Value
₹10
All Time Low / High
₹240.00 / 250.00

Adroit Industries (India) stock performance

Key Ratios
mw4me loader

Check Before You Invest

Quality

Somewhat Good

Valuation

NA

Price Trend

Weak
Q.1 Is Adroit Industries (India) Ltd a good quality company?
Adroit Industries (India) Ltd is a quality company, based on a multi-year financial track record.

This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.

We have analysed the performance of the company on the following:

  • How has it performed on generating Profits?

    By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.

  • How efficiently has it utilized Capital?

    By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.

  • How is it managing its Debt?

    By checking its Debt to Equity and Cash Flow from Operations.

How does Adroit Industries (India) Ltd performance compare with that of its Peers?
Q.1 Revenue growth of Adroit Industries (India) Ltd vs industry peers?
Adroit Industries (India) Ltd revenue CAGR is 10.56%, compared to the industry median CAGR of 2.86%, indicating faster growth and gaining its market share.
Q.1 Promoter shareholding and pledge status of Adroit Industries (India) Ltd?
Promoters hold 88.92% of the Adroit Industries (India) Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Stock return of Adroit Industries (India) Ltd over the last decade?
Over the last - year(s), the stock has delivered a CAGR of N/A% based on the current price.

10 Year X-Ray :

Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Adroit Industries (India) Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation ⓘ

Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26TTM
ROCE % ⓘ17.3%10.7%12.1%8.7%8.7%8.1%6.8%5.3%7.5%6.1%-
Value Creation
Index ⓘ
0.2-0.2-0.1-0.4-0.4-0.4-0.5-0.6-0.5-0.6-

Growth Parameters ⓘ

Sales ⓘ41.749.666.362.753.679.883.564.149.747.247
Sales YoY Gr.-19%33.8%-5.5%-14.5%48.9%4.6%-23.3%-22.5%-5.1%-
Adj EPS ⓘ1.41.21.61.10.41.10.90.610.90.7
YoY Gr.--15.5%34.2%-34.2%-64.2%179%-11.3%-37.2%71.2%-9.9%-
BVPS (₹) ⓘ15.416.818.419.520.321.522.422.921.322.146.8
Adj Net
Profit ⓘ
54.25.63.71.33.73.32.13.53.23
Cash Flow from Ops. ⓘ176.45.16.34.82.35.911.713.81.2-
Debt/CF from Ops. ⓘ1.74.65.84.46.312.34.71.30.40.9-

CAGR ⓘ

9 Years 5 Years 3 Years 1 Years
Sales ⓘ1.4%-2.5%-17.3%-5.1%
Adj EPS ⓘ-4.8%19.1%-1.1%-9.9%
BVPSⓘ4.1%1.7%-0.4%3.9%
Share Price - - - -

Key Financial Parameters ⓘ

Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26TTM
Return on
Equity % ⓘ
107.59.25.61.954.32.64.64.22
Op. Profit
Mgn % ⓘ
23.721.919.313.613.28.67.46.57.76.1NAN
Net Profit
Mgn % ⓘ
11.98.48.55.92.54.63.93.27.16.86.7
Debt to
Equity ⓘ
0.50.50.50.40.40.40.40.20.10-
Working Cap
Days ⓘ
3993322843294143183143663793490
Cash Conv.
Cycle ⓘ
20017813914617312814112597820

Valuation of Adroit Industries - Consolidated

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

mw4me loader

Analyst's Notes

data not found
No data found!

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.00
* Pledged shares as % of Promoter's holding (%)

Financials

PARTICULARSMar'23Mar'24Mar'25Mar'26
Sales104125134140
Operating Expenses ⓘ + 8995103101
Manufacturing Costs29232524
Material Costs26264137
Employee Cost 23272428
Other Costs ⓘ 12191312
Operating Profit ⓘ 14303139
Operating Profit Margin (%) 13.7%23.8%23.2%27.7%
Other Income ⓘ + 1133
Exceptional Items ⓘ 0000
Interest ⓘ 5865
Depreciation ⓘ 3444
Profit Before Tax ⓘ 6182333
Tax ⓘ 0357
Profit After Tax 6151826
PAT Margin (%) 6.2%11.7%13.6%18.7%
Adjusted EPS (₹)1.84.25.27.5
Dividend Payout Ratio (%)0%0%0%0%
PARTICULARSMar'23Mar'24Mar'25Mar'26

Equity and Liabilities

Shareholders Fund + 6588104129
Share Capital ⓘ 17.4617.4617.4634.91
Reserves ⓘ 48708694
Debt +86755846
Long Term Debt301682
Short Term Debt55595044
Minority Interest-0-0-0-0
Trade Payables19161121
Others Liabilities ⓘ 16201417
Total Liabilities ⓘ 185199187213

Fixed Assets

Net Fixed Assets ⓘ +67635955
Gross Block70706969
Accumulated Depreciation371014
CWIP ⓘ 0000
Investments ⓘ 16252221
Inventories37534855
Trade Receivables38324045
Cash Equivalents 2112
Others Assets ⓘ 25261735
Total Assets ⓘ 185199187213
PARTICULARSMar'23Mar'24Mar'25Mar'26
Cash Flow From Operating Activity ⓘ + -23202029
PBT ⓘ 6182333
Adjustment ⓘ 71186
Changes in Working Capital ⓘ -35-7-6-4
Tax Paid ⓘ -2-2-5-6
Cash Flow From Investing Activity ⓘ + -12-03-12
Capex -19-01-4
Net Investments 0000
Others ⓘ 7-02-8
Cash Flow From Financing Activity ⓘ + 35-20-24-17
Net Proceeds from Shares ⓘ 0000
Net Proceeds from Borrowing ⓘ -30000
Interest Paid ⓘ -5-8-6-5
Dividend Paid ⓘ 0000
Others ⓘ 71-12-17-12
Net Cash Flow ⓘ 0-000
PARTICULARSMar'23Mar'24Mar'25Mar'26
Ratios
ROE (%)9.8218.9718.9622.53
ROCE (%)7.5215.9417.3321.5
Asset Turnover Ratio0.560.650.690.7
PAT to CFO Conversion(x)-3.831.331.111.12
Working Capital Days
Receivable Days135.70103.4098111
Inventory Days129.20131137.30134.60
Payable Days262.20248120.70158

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Announcements

Adroit Industries (India) Ltd FAQs

The current trading price of Adroit Industries on 01-Oct-2026 16:59 is ₹235.9.

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 30-Sep-2026 the market cap of Adroit Industries stood at ₹1,057.3 Cr

The latest P/E ratio of Adroit Industries as of 30-Sep-2026 is 336.4.

The latest P/B ratio of Adroit Industries as of 30-Sep-2026 is 5.04.

The 52-week high of Adroit Industries is ₹259.8 and the 52-week low is ₹235.9.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Adroit Industries is ₹47.17 ( Cr.) .

Past 10 year's financial track record analysis by Moneyworks4me indicates that Adroit Industries (India) Ltd is a average quality company.

No data found

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Adroit Industries (India) Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

About Adroit Industries (India) Ltd

Adroit Industries (India) was originally formed as a partnership firm under the name ‘M/s Adroit Industries India’ pursuant to a deed of partnership dated March 09, 1966, and was re-constituted, pursuant to a deed of partnership dated June 02, 1994. ‘M/s Adroit Industries India’ was thereafter converted from a partnership firm to a public limited company, as ‘Adroit Industries (India) Limited on January 09, 1995. 

The company is a vertically integrated manufacturer and supplier of propeller shafts (also known as a drive shaft or cardan shaft) and related torque-transmission components, with in-house capabilities across forging, precision machining, heat treatment, assembly, balancing and testing. Its product portfolio primarily comprises precision-machined torque-transmission components and complete propeller shaft assemblies. As part of its integrated manufacturing operations, it also manufactures forged components which are primarily used as intermediate inputs for further machining and assembly within its manufacturing operations. These forgings form part of its vertically integrated production process and support the manufacture of precision-machined torque-transmission components and finished propeller shaft assemblies.

Its product portfolio supports end-use applications across the automotive and non-automotive sectors. Within the automotive sector, its products are largely aligned with commercial vehicle applications, while also catering, to a limited extent, to the passenger vehicle segment, primarily SUVs. Its non-automotive applications include sectors such as defence and emergency services, heavy equipment and off-highway machinery, industrial equipment and other torque-transmission related applications. It supplies its products primarily through a network of distributors, Tier-1 driveline component suppliers and also undertake direct sales to original equipment manufacturers (OEMs), in accordance with customer-specific technical specifications and requirements. 

Business area of the company 

The company is engaged in the business of manufacturing of Auto parts & components.

Products of the company

Propeller shaft assemblies

  • Propeller shafts
  • Cardan shafts
  • Driveshaft assemblies
  • Short-coupled shafts

Yoke components 

  • End yokes
  • Slip yokes
  • Flange yokes
  • Tube yokes
  • Yoke shafts

Shaft components 

  • Splined stub shafts 
  • Mid-ship shafts

Flange components 

  • Companion flanges

Joint components 

  • Universal joints 
  • CV double cardan

Other driveline components 

  • Propshaft accessory
  • Muff sleeves
  • Mechanics-style cardan parts
  • Aluminium driveshaft parts

Awards, accreditations and recognition 

  • 2008: Received award for ‘International Quality Summit Award’ by ‘Business Initiative Directions’ in New York.
  • 2024: Adroit Driveshafts Private Limited received a certificate of recognition as a One Star Export House from the Ministry of Commerce and Industry.
  • 2026: Adroit Driveshafts Private Limited received a certificate of Shram Star Rating from Government of Madhya Pradesh Labour Department.

History and milestones

  • 1995: Incorporation of company by converting the partnership firm into a public limited company.
  • 1995: Partnership firm of ‘Adroit Industries India’ into a public limited company under the name of ‘Adroit Industries (India) Limited’.
  • 1996: Acquisition of Dewas Forging Facility to meet the requirement of in-house forging.
  • 2007: Acquisition of the ownership of the company by the Promoters of the company from its erstwhile promoters.
  • 2016: Accredited with IATF 16949:2016 Certification
  • 2022: Acquisition of 99.87% stake in Adroit Driveshafts Private Limited (ADPL).
  • 2022: Incorporation of an overseas wholly-owned subsidiary by the company in the Canada i.e. Adroit Driveshafts Canada Limited.
  • 2022: Established Pithampur Facility operated by Adroit Driveshafts Private Limited (ADPL) for expanding manufacturing of torque transmission component and propeller Shaft.
  • 2025: Launched category of new product i.e. aluminium driveline components.
  • 2025: SKUs reached to over 5,000.
  • 2026: Incorporation of an overseas wholly-owned subsidiary by the company in the United States of America i.e. Adroit Driveshafts USA LLC.

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