Is Aro Granite Industries Ltd (AROGRANITE) a good quality company?

Past 10 year’s financial track record analysis by Moneyworks4me indicates that Aro Granite Industries Ltd is a below average quality company .

Is Aro Granite Industries Ltd (AROGRANITE) undervalued or overvalued?

The key valuation ratios of Aro Granite Industries Ltd's currently when compared to its past seem to suggest it is in the Undervalued zone .

What is Aro Granite Industries Ltd (AROGRANITE) share price return in the past 10 years?

Aro Granite Industries Ltd share price has declined -6% annually (CAGR) over the past ten years.

Is Aro Granite Industries Ltd (AROGRANITE) a good buy now?

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

What is the share price of Aro Granite Industries Ltd (AROGRANITE)?

Company share prices are keep on changing according to the market conditions. The current trading price of Aro Granite Industries Ltd (AROGRANITE) on 10-Apr-2026 16:59:59 at 16:59 is 24.64.

What is the P/E ratio of Aro Granite Industries?

The latest standalone P/E ratio of Aro Granite Industries as of 10-Apr-2026 is 0.00.

What is the P/B ratio of Aro Granite Industries Ltd (AROGRANITE)?

The latest standalone P/B ratio of Aro Granite Industries Ltd (AROGRANITE) as of 10-Apr-2026 is 0.21.

What is the 52-week high and low of Aro Granite Industries Ltd (AROGRANITE)?

The 52-week high of Aro Granite Industries Ltd (AROGRANITE) is Rs. 45.79 and the 52-week low is Rs. 18.57.

Aro Granite Industries Ltd (AROGRANITE) Share Analysis – Quality, Growth & Valuation Zone & DeciZen Rating

Name: Aro Granite Industries Ltd (AROGRANITE)
Brand: Aro Granite Industries

Aro Granite Industries Ltd (AROGRANITE) Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating

Aro Granite Industries Ltd (AROGRANITE)

BSE: 513729 NSE: AROGRANITE

Key Metrics

Market Cap

₹38 Cr.

P/E Ratio

0.00

Price to Book (P/B)

0.21

Price to Sales (P/S)

0.42

EV/EBITDA

9.07

Return on Capital Employed (ROCE)

1.66%

Current Price

₹24.6

Return on Equity (ROE)

-3.40%

Return on Assets (ROA)

-1.49%

Operating Profit Margin

5.2%

Net Profit Margin

-5.22%

Gross Profit Margin

2.5%

Book Value per Share

₹117.9

Sales Growth (YoY)

-20.63%

Sales Growth (3 Years)

-18.18%

Operating Profit Growth (1 Year)

-79.59%

Operating Profit Growth (3 Years)

-40.61%

Net Profit Growth (1 Year)

-590.08%

52-Week Low / High

₹19 / 46

Net Profit Growth (3 Years)

NAN%

Dividend Yield

0.00%

Promoter Holding

41.08%

Pledged shares (%)
of Promoter's holding (%)

0.00%

Check Before You Invest

Q.1

Aro Granite Industries Ltd belongs to the Construction & Infrastructure sector, operating specifically within the Ceramics/Marble/Granite/Sanitaryware segment.

Q.1 Gross Profit margin of Aro Granite Industries Ltd?

Aro Granite Industries Ltd Gross profit margin which is the profit after deduction of direct costs, is 2.5% for FY-2025 , which is above its 5 year median of 0% , indicating increasing margins.

Q.1 Promoter shareholding and pledge status of Aro Granite Industries Ltd?

Promoters hold 41.08% of the Aro Granite Industries Ltd, with 0.00% of their stake pledged, indicating no pledge risk.

Q.1 Revenue growth of Aro Granite Industries Ltd vs industry peers?

Aro Granite Industries Ltd revenue CAGR is -7.08% , compared to the industry median CAGR of 0% , indicating stable growth and maintaining its market share.

Q.1 Stock return of Aro Granite Industries Ltd over the last decade?

Over the last 9 years, the stock has delivered a CAGR of -5.5% based on the current price.

Q.1 Is Aro Granite Industries Ltd a good quality company?

Aro Granite Industries Ltd is a quality company, based on a 10 year financial track record .

DeciZen - make an informed investing decision on Aro Granite

Based on:

Data

M-Cap below 100cr DeciZen not available

Aro Granite Industries stock performance

Key Ratios

Is Aro Granite Industries Ltd an attractive stock to invest in?

10 Year X-Ray : Login to view analysis.

Analysis of Financial Track Record

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

Value Creation ⓘ

Value Creation Index Colour Code Guide ⓘ

	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25	TTM
ROCE % ⓘ	4.4%	7.9%	1.9%	6.2%	3.4%	3.8%	5%	1.7%	5%	1.7%	-
Value Creation Index ⓘ	-0.7	-0.4	-0.9	-0.6	-0.8	-0.7	-0.6	-0.9	-0.6	-0.9	-
Growth Parameters ⓘ Growth Parameters Colour Code Guide ⓘ
Sales ⓘ	216	239	201	172	178	179	225	164	155	123	89
Sales YoY Gr.	-	10.7%	-15.9%	-14.1%	3.1%	0.9%	25.3%	-27.1%	-5.4%	-20.6%	-
Adj EPS ⓘ	5.5	7.5	1.9	6.1	6	4.9	5.4	-0.4	0.8	-8	-3.5
YoY Gr.	-	37%	-75%	222.9%	-0.7%	-18.6%	9.2%	-106.9%	NA	-1056%	-
BVPS (₹) ⓘ	103.7	110.8	111.5	117.8	118.6	122.6	128.4	124.6	125.5	121.5	117.9
Adj Net Profit ⓘ	8.4	11.5	2.9	9.3	9.2	7.5	8.2	-0.6	1.3	-12.3	-5
Cash Flow from Ops. ⓘ	21	16.3	22.2	-3.2	62.9	0.7	-18.2	14	35	33	-
Debt/CF from Ops. ⓘ	5.5	6.3	4.2	-40.6	2.5	260.4	-11	14.7	5.4	4.8	-

CAGR ⓘ

CAGR Colour Code Guide ⓘ

	9 Years	5 Years	3 Years	1 Years
Sales ⓘ	-6%	-7.1%	-18.2%	-20.6%
Adj EPS ⓘ	-204.3%	-205.9%	-214.4%	-1056%
BVPSⓘ	1.8%	0.5%	-1.8%	-3.2%
Share Price	-6%	-9.2%	-14.1%	-28%

Key Financial Parameters ⓘ

Performance Ratio Colour Code Guide ⓘ

	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25	TTM
Return on Equity % ⓘ	5.4	7	1.7	5.3	5.1	4.1	4.3	-0.3	0.7	-6.5	-2.9
Op. Profit Mgn % ⓘ	10.9	11.6	7.5	13.8	15	14.4	13.4	16.2	19.9	5.2	5.6
Net Profit Mgn % ⓘ	3.9	4.8	1.4	5.4	5.2	4.2	3.7	-0.3	0.8	-10	-6.1
Debt to Equity ⓘ	0.7	0.6	0.5	0.7	0.9	0.9	1	1.1	1	0.9	-
Working Cap Days ⓘ	347	310	362	437	431	430	397	615	668	824	527
Cash Conv. Cycle ⓘ	293	265	301	331	329	334	321	493	518	625	157

Recent Performance Summary

Latest Financials

	Standalone	Consolidated
TTM EPS (₹)	-3.5	-
TTM Sales (₹ Cr.)	88.8	-
BVPS (₹) ⓘ	117.9	-
Reserves (₹ Cr.) ⓘ	165	-
P/BV ⓘ	0.21	-
PE ⓘ	0.00	-

From the Market
52 Week Low / High (₹)	18.57 / 45.79
All Time Low / High (₹)	0.76 / 103.90
Market Cap (₹ Cr.)	37.7
Equity (₹ Cr.)	15.3
Face Value (₹)	10
Industry PE ⓘ	52.4

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

0.00

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

Valuation of Aro Granite - Standalone Basis

YTD 1Y 3Y 5Y 10Y Max

Analyst's Notes

No data found!

Key Ratios

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Sales	215.59	238.65	200.72	172.44	177.71	179.37	224.74	163.90	155.09	123.09
Operating Expenses ⓘ +	195.64	210.94	188.19	148.65	159.19	155.58	194.66	144.85	124.24	116.79
Manufacturing Costs	57.60	65.23	56.21	49.76	54.88	56.34	76.68	50.37	46.50	30.56
Material Costs	101.98	109.93	95.83	69.60	65.05	66.91	81.63	56	47.98	58.26
Employee Cost	11.40	12.60	12.70	13.47	15.36	17.48	18.79	16.61	15.88	14.80
Other Costs ⓘ	24.67	23.18	23.45	15.82	23.89	14.84	17.56	21.86	13.88	13.17
Operating Profit ⓘ	19.94	27.72	12.53	23.79	18.52	23.80	30.08	19.05	30.86	6.30
Operating Profit Margin (%)	9.3%	11.6%	6.2%	13.8%	10.4%	13.3%	13.4%	11.6%	19.9%	5.1%
Other Income ⓘ +	1.18	2.96	1.25	2.08	3.15	0.63	1.36	0.55	0.38	9.66
Exceptional Items ⓘ	0	0	0	0	0	0	0	0	0	0
Interest ⓘ	5.22	5.20	3.85	5.07	5.98	5.38	7.93	12.78	16.11	12.87
Depreciation ⓘ	9.12	9.10	8.65	8.25	10.53	11.07	12.74	12.73	11.72	9.94
Profit Before Tax ⓘ	6.78	16.38	1.29	12.54	5.17	7.98	10.78	-5.91	3.40	-6.85
Tax ⓘ	0.92	3.76	0.11	2.82	1.57	1.93	1.87	-0.12	2.09	-0.43
Profit After Tax	5.86	12.62	1.17	9.72	3.61	6.05	8.91	-5.79	1.31	-6.42
PAT Margin (%)	2.7%	5.3%	0.6%	5.6%	2.0%	3.4%	4.0%	-3.5%	0.9%	-5.2%
Adjusted EPS (₹)	3.8	8.3	0.8	6.4	2.4	4.0	5.8	-3.8	0.9	-4.2
Dividend Payout Ratio (%)	26%	12%	0%	16%	0%	0%	0%	0%	0%	0%

Balance Sheet

(All Figures are in Crores.)

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Equity and Liabilities
Shareholders Fund +	158.66	169.47	170.60	180.22	181.49	187.64	196.42	190.61	192.02	185.86
Share Capital ⓘ	15.30	15.30	15.30	15.30	15.30	15.30	15.30	15.30	15.30	15.30
Reserves ⓘ	143.36	154.17	155.30	164.92	166.19	172.34	181.12	175.31	176.72	170.56
Debt +	115.35	101.78	92.57	122.90	150.51	160.84	187.28	191.24	175.05	145.95
Long Term Debt	15	10.66	7.13	13.72	28.17	41.78	65.32	60.21	46.41	28.37
Short Term Debt	100.35	91.12	85.44	109.19	122.35	119.05	121.96	131.03	128.64	117.58
Minority Interest	0	0	0	0	0	0	0	0	0	0
Trade Payables	17.64	16.16	23.07	15.09	28.20	27.56	33.13	35.72	40.21	49
Others Liabilities ⓘ	17.60	20.88	17.45	25.26	35.14	29.37	34.54	32.81	37.33	38.93
Total Liabilities ⓘ	309.25	308.30	303.69	343.48	395.35	405.41	451.37	450.38	444.62	419.74
Fixed Assets
Net Fixed Assets ⓘ +	72.55	90.56	89.78	89.94	139.30	174.43	162.67	160.16	148.73	139.10
Gross Block	121.94	149.04	156.90	165.30	225.02	271.23	272.10	282.23	282.52	282.52
Accumulated Depreciation	49.39	58.48	67.12	75.35	85.72	96.79	109.43	122.07	133.79	143.42
CWIP ⓘ	20.66	2.46	5.55	22.69	41.55	0.98	7.81	0.98	0.98	1.04
Investments ⓘ	0.02	0.02	0.90	0.81	0.85	0.87	1.14	1.10	0.84	0.88
Inventories	110.60	112.35	108.32	118.47	129.22	139.14	177.31	199.36	213.35	214.21
Trade Receivables	80.81	82.27	69.98	57.37	58.82	64.02	73.08	61.54	49.58	34.82
Cash Equivalents	11.64	10.92	11.32	13.62	10.57	9.98	9.58	5.97	8.70	8.40
Others Assets ⓘ	12.96	9.71	17.83	40.57	15.04	15.99	19.79	21.27	22.44	21.29
Total Assets ⓘ	309.25	308.30	303.69	343.48	395.35	405.41	451.37	450.38	444.62	419.74

Cash Flow

(All Figures are in Crores.)

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Cash Flow From Operating Activity ⓘ +	21.02	16.28	22.19	-3.17	62.94	0.65	-18.15	13.96	35.03	33.01
PBT ⓘ	6.78	16.38	1.29	12.54	5.17	7.98	10.78	-5.91	3.40	-6.85
Adjustment ⓘ	11.58	6.77	10.53	12.18	23.93	18.17	19.34	32.60	27.60	13.97
Changes in Working Capital ⓘ	3.98	-3.1	11.95	-25.49	35.97	-24.8	-47.22	-11.8	4.03	25.9
Tax Paid ⓘ	-1.32	-3.78	-1.57	-2.40	-2.14	-0.70	-1.05	-0.93	0	0
Cash Flow From Investing Activity ⓘ +	-20.66	-8.21	-8.31	-26.31	-77.73	-3.94	-6.19	-3.03	0.04	0.22
Capex	-21.81	-8.90	-8.86	-26.84	-78.34	-4.47	-6.51	-3.40	-0.15	-0.19
Net Investments	0	0	0	0	0	0	0	0	0	0
Others ⓘ	1.15	0.70	0.56	0.53	0.61	0.53	0.32	0.37	0.19	0.41
Cash Flow From Financing Activity ⓘ +	-5.41	-15.41	-11.05	31.80	11.74	2.70	23.94	-14.53	-32.35	-33.53
Net Proceeds from Shares ⓘ	0	0	0	0	0	0	0	0	0	0
Net Proceeds from Borrowing ⓘ	0	-4.35	-3.52	6.58	14.45	-3.30	7.33	10.83	-2.47	-11.06
Interest Paid ⓘ	0	0	0	-5.07	-5.98	-5.38	-7.93	-12.78	-16.11	-12.87
Dividend Paid ⓘ	0	-1.84	-1.84	0	-1.53	0	0	0	0	0
Others ⓘ	-5.41	-9.22	-5.69	30.29	4.80	11.38	24.54	-12.58	-13.76	-9.60
Net Cash Flow ⓘ	-5.05	-7.34	2.83	2.31	-3.05	-0.60	-0.40	-3.60	2.73	-0.30

Finance Ratio

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Ratios
ROE (%)	3.74	7.69	0.69	5.54	1.99	3.28	4.64	-2.99	0.69	-3.4
ROCE (%)	4.38	7.92	1.92	6.15	3.43	3.84	4.98	1.74	5.03	1.66
Asset Turnover Ratio	0.7	0.78	0.66	0.53	0.48	0.45	0.52	0.36	0.35	0.28
PAT to CFO Conversion(x)	3.59	1.29	18.97	-0.33	17.43	0.11	-2.04	N/A	26.74	N/A
Working Capital Days
Receivable Days	139	124	137	135	119	125	111	150	131	125
Inventory Days	187	169	199	240	254	273	257	419	486	634
Payable Days	65	56	75	100	121	152	136	224	289	279

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Aro Granite Industries Ltd FAQs

The current trading price of Aro Granite on 10-Apr-2026 16:59 is ₹24.64.

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 09-Apr-2026 the market cap of Aro Granite stood at ₹37.70 Cr

The latest P/E ratio of Aro Granite as of 09-Apr-2026 is 0.00.

The latest P/B ratio of Aro Granite as of 09-Apr-2026 is 0.21.

The 52-week high of Aro Granite is ₹45.79 and the 52-week low is ₹18.57.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Aro Granite is ₹88.81 ( Cr.) .

About Aro Granite Industries Ltd

Aro Granite Industries incorporated in 1988, manufactures modular granite tiles and granite random slabs. This 100% export oriented unit (EOU) located at Hosur, India.

The company has a customer presence in countries namely USA, Canada, Europe, Japan, Far East and South Pacific Countries.

Products

Granite Slabs- Companyâ€™s slab unit has installed capacity of 1,68,000 Sq. mtrs. It manufactures slabs in for finishes polished finish, flamed finish, honed finish and brushed finish

Granite Tiles- Company has installed capacity of 1,80,000 Sq. mtrs under this segment. AGIL also offers Granite Tiles to customer's specific requirement.

Milestones

1991- Aro Granite Industries started commercial production in Unit-1 (tiles) with a turnover of Rs.61.17 lakhs.

1995- The company went public and expanded its Unit-1 which generated a turnover of Rs.6

1996-99 - The Company was awarded certificate of merit from CAPREXIL for three consecutive years. Company also received Special Export Awards from CAPEXIL.

1998- The company received ISO 9002 certification for its quality management.

2001- AGIL expanded its slab processing facilities by installing 3 gang saws.

2002- Companyâ€™s Unit-1 and Unit-2 received ISO 9001:2000 quality certifications. It was also recognised as export house.

2003- Company installed its 4^th gang saw in its production facility.

2004- AGIL added two more gang saw.

2006- Company started expansion of its production units, double its tiling capacity and added 2 more gang saw in its facilities.

2007- AGIL was honoured with certification of appreciation for best export performance amongst 1005 EOU from Madras Export Processing Zone (MEPZ).

2009 - Received the STAR EXPORT HOUSE certificate from Ministry of Commerce and Industry.
The Company has been awarded with "Special Export Award" by Chemical & Allied Product Export Promotion Council (CAPEXIL) for its outstanding export performance.
2011 - The Company has been awarded with "Special Export Award" by Chemical & Allied Product Export Promotion Council (CAPEXIL) for its outstanding export performance.

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Name of the IA registered with SEBI:	The Alchemists Ark Pvt. Ltd.
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Trade/Brand Name of IA:	MoneyWorks4Me Investment Advisers
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SEBI Registration Number:	INA000013323 Validity – May 16, 2019 – Perpetual
Registration:	Non-Individual
BSE Enlistment No:	1187
Address:	B-101, Signet Corner Building, Balewadi Phata, Baner, Pune, Maharashtra 411045
Compliance officer Details:	Name: Shrikant Jagtap Email: shrikant.jagtap@moneyworks4me.com Telephone: +919860359463 Address: Same as IA
Grievance Officer Details:	Name: Mukta Vaze Email: mukta.vaze@moneyworks4me.com Telephone: +91 98609 19463 Address: Same as IA
Principal Officer Details:	Name: Atharva Bhide Email: atharva.bhide@moneyworks4me.com Telephone: +91 91758 99463 Address: Same as IA
Standard Warning:	Investment in securities market are subject to market risks. Read all the related documents carefully before investing.
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Aro Granite Industries Ltd (AROGRANITE) Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating

Aro Granite Share Price