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Aro Granite Industries Ltd (AROGRANITE)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 513729 NSE: AROGRANITE Ceramics/Marble/Granite/Sanitaryware | Small Cap | Aro Granite Share Price

₹24.80 0.00 (0.00%)

As on 04-Jun'26 16:59

Aro Granite Industries Ltd (AROGRANITE)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 513729 NSE: AROGRANITE Ceramics/Marble/Granite/Sanitaryware | Small Cap | Aro Granite Share Price

₹24.80 0.00 (0.00%)

As on 04-Jun'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹38 Cr.
Current Price
₹24.8
52-Week Low / High
₹19 / 46
TTM EPS
₹-7.7
TTM Sales
₹73.5 Cr.
Book Value per Share
₹113.7
P/E Ratio
0.00
Lower than its 5-year historical median
Industry PE
43.8
Price to Book (P/B)
0.22
Lower than its 5-year historical median
Price to Sales (P/S)
0.52
Higher than its 5-year historical median
EV/EBITDA
13.29
Higher than its 5-year historical median
Dividend Yield
0.00%
Profitability Efficiency
Return on Equity (ROE)
-3.40%
Underperforms industry median
Return on Capital Employed (ROCE)
1.66%
Underperforms industry median
Return on Assets (ROA)
-1.49%
Operating Profit Margin
5.2%
Net Profit Margin
-5.22%
Gross Profit Margin
2.5%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Slowing versus 3-year growth rate
-20.63%
Operating Profit Growth (1 Year)
Slowing versus 3-year growth rate
-79.59%
Net Profit Growth (1 Year)
-
-590.08%
Asset Quality
Promoter Holding
41.08%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹159 Cr.
Equity
₹15.3 Cr.
Face Value
₹10
All Time Low / High
₹0.76 / 103.90

Aro Granite Industries stock performance

Key Ratios
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Check Before You Invest

M-Cap below 100cr DeciZen not available

Q.1 Is Aro Granite Industries Ltd a good quality company?
Aro Granite Industries 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 Aro Granite Industries Ltd performance compare with that of its Peers?
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 0.00%, indicating slower growth and losing its market share.
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 Stock return of Aro Granite Industries Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of -5.4% based on the current price.

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)

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.
Aro Granite Industries Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
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

Sales 21623920117217817922516415512374
Sales YoY Gr.-10.7%-15.9%-14.1%3.1%0.9%25.3%-27.1%-5.4%-20.6%-
Adj EPS 5.57.51.96.164.95.4-0.40.8-8-7.7
YoY Gr.-37%-75%222.9%-0.7%-18.6%9.2%-106.9%NA-1056%-
BVPS (₹) 103.7110.8111.5117.8118.6122.6128.4124.6125.5121.5113.7
Adj Net
Profit
8.411.52.99.39.27.58.2-0.61.3-12.3-12
Cash Flow from Ops. 2116.322.2-3.262.90.7-18.2143533-
Debt/CF from Ops. 5.56.34.2-40.62.5260.4-1114.75.44.8-

CAGR

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%
BVPS1.8%0.5%-1.8%-3.2%
Share Price -5.7% -14.8% -15.1% -36.5%

Key Financial Parameters

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity %
5.471.75.35.14.14.3-0.30.7-6.5-6.6
Op. Profit
Mgn %
10.911.67.513.81514.413.416.219.95.22
Net Profit
Mgn %
3.94.81.45.45.24.23.7-0.30.8-10-16.1
Debt to
Equity
0.70.60.50.70.90.911.110.90.2
Working Cap
Days
347310362437431430397615668824808
Cash Conv.
Cycle
293265301331329334321493518625248

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Sales215.59238.65200.72172.44177.71179.37224.74163.90155.09123.09
Operating Expenses + 195.64210.94188.19148.65159.19155.58194.66144.85124.24116.79
Manufacturing Costs57.6065.2356.2149.7654.8856.3476.6850.3746.5030.56
Material Costs101.98109.9395.8369.6065.0566.9181.635647.9858.26
Employee Cost 11.4012.6012.7013.4715.3617.4818.7916.6115.8814.80
Other Costs 24.6723.1823.4515.8223.8914.8417.5621.8613.8813.17
Operating Profit 19.9427.7212.5323.7918.5223.8030.0819.0530.866.30
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 + 1.182.961.252.083.150.631.360.550.389.66
Exceptional Items 0000000000
Interest 5.225.203.855.075.985.387.9312.7816.1112.87
Depreciation 9.129.108.658.2510.5311.0712.7412.7311.729.94
Profit Before Tax 6.7816.381.2912.545.177.9810.78-5.913.40-6.85
Tax 0.923.760.112.821.571.931.87-0.122.09-0.43
Profit After Tax 5.8612.621.179.723.616.058.91-5.791.31-6.42
PAT Margin (%) 2.7%5.3%0.6%5.6%2.0%3.4%4.0%-3.5%0.9%-5.2%
Adjusted EPS (₹)3.88.30.86.42.44.05.8-3.80.9-4.2
Dividend Payout Ratio (%)26.10%12.10%0%15.70%0%0%0%0%0%0%

Valuation of Aro Granite - Standalone

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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Analyst's Notes

data not found
No data found!

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25

Equity and Liabilities

Shareholders Fund + 158.66169.47170.60180.22181.49187.64196.42190.61192.02185.86
Share Capital 15.3015.3015.3015.3015.3015.3015.3015.3015.3015.30
Reserves 143.36154.17155.30164.92166.19172.34181.12175.31176.72170.56
Debt +115.35101.7892.57122.90150.51160.84187.28191.24175.05145.95
Long Term Debt1510.667.1313.7228.1741.7865.3260.2146.4128.37
Short Term Debt100.3591.1285.44109.19122.35119.05121.96131.03128.64117.58
Minority Interest0000000000
Trade Payables17.6416.1623.0715.0928.2027.5633.1335.7240.2149
Others Liabilities 17.6020.8817.4525.2635.1429.3734.5432.8137.3338.93
Total Liabilities 309.25308.30303.69343.48395.35405.41451.37450.38444.62419.74

Fixed Assets

Net Fixed Assets +72.5590.5689.7889.94139.30174.43162.67160.16148.73139.10
Gross Block121.94149.04156.90165.30225.02271.23272.10282.23282.52282.52
Accumulated Depreciation49.3958.4867.1275.3585.7296.79109.43122.07133.79143.42
CWIP 20.662.465.5522.6941.550.987.810.980.981.04
Investments 0.020.020.900.810.850.871.141.100.840.88
Inventories110.60112.35108.32118.47129.22139.14177.31199.36213.35214.21
Trade Receivables80.8182.2769.9857.3758.8264.0273.0861.5449.5834.82
Cash Equivalents 11.6410.9211.3213.6210.579.989.585.978.708.40
Others Assets 12.969.7117.8340.5715.0415.9919.7921.2722.4421.29
Total Assets 309.25308.30303.69343.48395.35405.41451.37450.38444.62419.74

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity + 21.0216.2822.19-3.1762.940.65-18.1513.9635.0333.01
PBT 6.7816.381.2912.545.177.9810.78-5.913.40-6.85
Adjustment 11.586.7710.5312.1823.9318.1719.3432.6027.6013.97
Changes in Working Capital 3.98-3.111.95-25.4935.97-24.8-47.22-11.84.0325.9
Tax Paid -1.32-3.78-1.57-2.40-2.14-0.70-1.05-0.9300
Cash Flow From Investing Activity + -20.66-8.21-8.31-26.31-77.73-3.94-6.19-3.030.040.22
Capex -21.81-8.90-8.86-26.84-78.34-4.47-6.51-3.40-0.15-0.19
Net Investments 0000000000
Others 1.150.700.560.530.610.530.320.370.190.41
Cash Flow From Financing Activity + -5.41-15.41-11.0531.8011.742.7023.94-14.53-32.35-33.53
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 0-4.35-3.526.5814.45-3.307.3310.83-2.47-11.06
Interest Paid 000-5.07-5.98-5.38-7.93-12.78-16.11-12.87
Dividend Paid 0-1.84-1.840-1.5300000
Others -5.41-9.22-5.6930.294.8011.3824.54-12.58-13.76-9.60
Net Cash Flow -5.05-7.342.832.31-3.05-0.60-0.40-3.602.73-0.30

Financial Ratio

PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)3.747.690.695.541.993.284.64-2.990.69-3.4
ROCE (%)4.387.921.926.153.433.844.981.745.031.66
Asset Turnover Ratio0.70.780.660.530.480.450.520.360.350.28
PAT to CFO Conversion(x)3.591.2918.97-0.3317.430.11-2.04N/A26.74N/A
Working Capital Days
Receivable Days138.70123.70137.50134.80119.30125111.30149.90130.80125.10
Inventory Days186.80169.20199.30240254.40273257419.40485.60633.90
Payable Days6556.1074.70100.10121.50152.10135.70224.40288.80279.50

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Aro Granite Industries Ltd FAQs

The current trading price of Aro Granite on 04-Jun-2026 16:59 is ₹24.80.

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 03-Jun-2026 the market cap of Aro Granite stood at ₹37.94 Cr

The latest P/E ratio of Aro Granite as of 03-Jun-2026 is 0.00.

The latest P/B ratio of Aro Granite as of 03-Jun-2026 is 0.22.

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 ₹73.52 ( Cr.) .

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

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.

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.

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- Company’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- Company’s Unit-1 and Unit-2 received ISO 9001:2000 quality certifications. It was also recognised as export house.

2003- Company installed its 4th 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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