Aro Granite Industries Ltd - Stock Valuation and Financial Performance

BSE: 513729 | NSE: AROGRANITE | Ceramics/Marble/Granite/Sanitaryware | Small Cap

Aro Granite Share Price

50.16 -2.01 -3.85%
as on 19-Apr'24 16:01

DeciZen - make an informed investing decision on Aro Granite

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Aro Granite Industries stock performance -

mw4me loader
P/E Ratio (SA):
33.83
Market Cap:
77 Cr.
52-wk low:
38.6
52-wk high:
68

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

1. Is Aro Granite Industries Ltd 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.

2. Is Aro Granite Industries Ltd 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 Somewhat Undervalued zone.

3. Is Aro Granite Industries Ltd 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.

10 Year X-Ray of Aro Granite:

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

Value Creation Index Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % 9.5%7.3%4.4%5.6%2.1%4.5%4.1%3.2%3.7%2.1%-
Value Creation
Index
-0.3-0.5-0.7-0.6-0.9-0.7-0.7-0.8-0.7-0.9-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 251255216239201172178179225164169
Sales YoY Gr.-1.4%-15.4%10.7%-15.9%-14.1%3.1%0.9%25.3%-27.1%-
Adj EPS 12.19.65.57.51.96.164.95.4-0.41.5
YoY Gr.--20.9%-42.9%37%-75%222.9%-0.7%-18.6%9.2%-106.9%-
BVPS (₹) 92.8101.1103.7110.8111.5117.8118.6122.6128.4124.6125.7
Adj Net
Profit
18.614.78.411.52.99.39.27.58.2-0.62
Cash Flow from Ops. -0.90.32116.322.2-3.262.90.7-18.214-
Debt/CF from Ops. -127.4478.65.56.34.2-40.62.5260.4-1114.7-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales -4.6%-4%-2.7%-27.1%
Adj EPS -167.9%-172.3%-139.4%-106.9%
BVPS3.3%2.2%1.7%-3%
Share Price 3.5% 0.5% 8.9% 21.2%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
149.95.471.75.35.14.14.3-0.31.2
Op. Profit
Mgn %
13.611.310.911.67.513.81514.413.416.216.5
Net Profit
Mgn %
7.45.83.94.81.45.45.24.23.7-0.31.4
Debt to
Equity
0.80.80.70.60.50.70.90.911.1-
Working Cap
Days
254285347310362437431430397615304
Cash Conv.
Cycle
205236293265301331329334321493110

Recent Performance Summary

No data to display

Return on Equity has declined versus last 3 years average to 1.20%

Sales growth has been subdued in last 3 years -2.66%

Net Profit has been subdued in last 3 years -139.44%

Debt to equity has increased versus last 3 years average to 1.08

Sales growth is not so good in last 4 quarters at 1.64%

Latest Financials - Aro Granite Industries Ltd.

Standalone Consolidated
TTM EPS (₹) 1.5 -
TTM Sales (₹ Cr.) 169 -
BVPS (₹.) 125.7 -
Reserves (₹ Cr.) 177 -
P/BV 0.40 -
PE 33.83 -
From the Market
52 Week Low / High (₹) 38.56 / 67.95
All Time Low / High (₹) 0.76 / 103.90
Market Cap (₹ Cr.) 77
Equity (₹ Cr.) 15.3
Face Value (₹) 10
Industry PE 43

Management X-Ray of Aro Granite:

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 (%)

Event Update

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Analyst's Notes

Key Ratios of Aro Granite

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Sales251.34254.78215.59238.65200.72172.44177.71179.37224.74163.90
Operating Expenses 221.36226.28195.64210.94188.19148.65159.19155.58194.66144.85
Manufacturing Costs69.9767.7857.6065.2356.2149.7654.8856.3476.6850.37
Material Costs117.36122.26101.98109.9395.8369.6065.0566.9181.6356
Employee Cost 9.6611.2611.4012.6012.7013.4715.3617.4818.7916.61
Other Costs 24.3724.9824.6723.1823.4515.8223.8914.8417.5621.86
Operating Profit 29.9828.5019.9427.7212.5323.7918.5223.8030.0819.05
Operating Profit Margin (%) 11.9%11.2%9.3%11.6%6.2%13.8%10.4%13.3%13.4%11.6%
Other Income 8.895.311.182.961.252.083.150.631.360.55
Interest 5.346.255.225.203.855.075.985.387.9312.78
Depreciation 5.168.599.129.108.658.2510.5311.0712.7412.73
Exceptional Items 0000000000
Profit Before Tax 28.3718.966.7816.381.2912.545.177.9810.78-5.91
Tax 7.272.280.923.760.112.821.571.931.87-0.12
Profit After Tax 21.0916.695.8612.621.179.723.616.058.91-5.79
PAT Margin (%) 8.4%6.6%2.7%5.3%0.6%5.6%2.0%3.4%4.0%-3.5%
Adjusted EPS (₹)13.810.93.88.30.86.42.44.05.8-3.8
Dividend Payout Ratio (%)7%9%26%12%0%16%0%0%0%0%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23

Equity and Liabilities

Shareholders Fund 141.92154.69158.66169.47170.60180.22181.49187.64196.42190.61
Share Capital 15.3015.3015.3015.3015.3015.3015.3015.3015.3015.30
Reserves 126.62139.39143.36154.17155.30164.92166.19172.34181.12175.31
Minority Interest0000000000
Debt109.19118.92115.35101.7892.57122.90150.51160.84187.28191.24
Long Term Debt010.161510.667.1313.7228.1741.7865.3260.21
Short Term Debt109.19108.77100.3591.1285.44109.19122.35119.05121.96131.03
Trade Payables21.2518.6917.6416.1623.0715.0928.2027.5633.1335.72
Others Liabilities 19.5717.4917.6020.8817.4525.2635.1429.3734.5432.81
Total Liabilities 291.93309.80309.25308.30303.69343.48395.35405.41451.37450.38

Fixed Assets

Gross Block118.69114.08121.94149.04156.90165.30225.02271.23272.10282.22
Accumulated Depreciation35.1340.3949.3958.4867.1275.3585.7296.79109.43122.06
Net Fixed Assets83.5773.6972.5590.5689.7889.94139.30174.43162.67160.16
CWIP 06.9720.662.465.5522.6941.550.987.810.98
Investments 0.020.020.020.020.900.810.850.871.141.10
Inventories90.69112.15110.60112.35108.32118.47129.22139.14177.31199.36
Trade Receivables88.2184.6080.8182.2769.9857.3758.8264.0273.0861.54
Cash Equivalents 15.7620.2711.6410.9211.3213.6210.579.989.585.97
Others Assets13.6812.1012.969.7117.8340.5715.0415.9919.7921.27
Total Assets 291.93309.80309.25308.30303.69343.48395.35405.41451.37450.38

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity -0.860.2521.0216.2822.19-3.1762.940.65-18.1513.96
PBT 28.3718.966.7816.381.2912.545.177.9810.78-5.91
Adjustment 0.704.4611.586.7710.5312.1823.9318.1719.3432.60
Changes in Working Capital -24.66-18.453.98-3.111.95-25.4935.97-24.8-47.22-11.8
Tax Paid -5.26-4.72-1.32-3.78-1.57-2.40-2.14-0.70-1.05-0.93
Cash Flow From Investing Activity 4.93-6.73-20.66-8.21-8.31-26.31-77.73-3.94-6.19-3.03
Capex 4.07-8.01-21.81-8.90-8.86-26.84-78.34-4.47-6.51-3.40
Net Investments 0000000000
Others 0.851.281.150.700.560.530.610.530.320.37
Cash Flow From Financing Activity 12.667.95-5.41-15.41-11.0531.8011.742.7023.94-14.53
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 000-4.35-3.526.5814.45-3.307.3310.83
Interest Paid 00000-5.07-5.98-5.38-7.93-12.78
Dividend Paid -1.02-1.530-1.84-1.840-1.53000
Others 13.689.48-5.41-9.22-5.6930.294.8011.3824.54-12.58
Net Cash Flow 16.731.46-5.05-7.342.832.31-3.05-0.60-0.40-3.60
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)15.9511.253.747.690.695.541.993.284.64-2.99
ROCE (%)14.379.614.387.921.926.153.433.844.981.74
Asset Turnover Ratio0.940.850.70.780.660.530.480.450.520.36
PAT to CFO Conversion(x)-0.040.013.591.2918.97-0.3317.430.11-2.04N/A
Working Capital Days
Receivable Days115123139124137135119125111150
Inventory Days119144187169199240254273257419
Payable Days5660655675100121152136224

Aro Granite Industries Ltd Stock News

Aro Granite Industries Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Aro Granite on 19-Apr-2024 16:01 is ₹50.16.
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 19-Apr-2024 16:01 the market cap of Aro Granite stood at ₹77.00.
The latest P/E ratio of Aro Granite as of 19-Apr-2024 16:01 is 33.83.
The latest P/B ratio of Aro Granite as of 19-Apr-2024 16:01 is 0.40.
The 52-week high of Aro Granite is ₹67.95 and the 52-week low is ₹38.56.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Aro Granite is ₹169.2 ( 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- 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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