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Aro Granite Industries Ltd. Stock Analysis

Small Cap
Evaluated by 515 users | BSE: 513729 | NSE: AROGRANITE |
Ceramics/Marble/Granite/Sanitaryware
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...

Analysis of Financial Track Record

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.
Value Creation
 Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20
Return on Capital Employed 8.59%7.23%7.66%9.51%7.27%4.4%5.55%2.09%4.49%4.13%
Growth Parameters
Growth Parameters Colour Code Guide
Net Sales (Rs. Cr.) 150159187251255216239201172178
Y-o-Y Gr. Rt.-6%17.6%34.2%1.4%-15.4%10.7%-15.9%-14.1%3.1%
Adjusted EPS (Rs.) 7.126.217.7112.139.65.487.511.886.076.03
Y-o-Y Gr. Rt.--12.8%24.2%57.3%-20.9%-42.9%37%-75%222.9%-0.7%
Book Value per Share (Rs.) 68.5773.5380.1492.76101.11103.7110.77111.5117.79118.62
Adjusted Net Profit 10.99.511.818.614.78.411.52.99.39.2
Net Op. Cash Flow (Rs. Cr.) -0.62.8-17-0.90.32116.322.2-3.262.9
Debt to Cash Flow from Ops -102.4525.7-5.62-127.38478.575.496.254.17-40.592.52
Standalone financials take only the parent company into account while consolidated financials take into account financials of the parent company as well as of all its subsidiaries. In most companies consolidated financials should be used for analysis.
Aro Granite Industries Ltd. should be analysed on a Standalone basis
CAGR
CAGR Colour Code Guide
  9 yrs 5 yrs 3 yrs 1 yr
Net Sales 1.9%-7%-9.4%3.1%
Adjusted EPS -1.8%-8.9%-7.1%-0.7%
Book Value per Share 6.33.32.30.7
Share Price 5.3% -7.5% -18.9% -1.3%
Key Financial Parameter
Performance Ratio Colour Code Guide
 Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20
Return on Equity (%) 10.778.7410.0414.049.915.3571.695.35.11
Operating Profit Margin (%) 14.4113.113.513.6311.2610.9311.617.4613.7914.95
Net Profit Margin (%) 7.255.976.37.395.773.894.811.435.395.2
Debt to Equity 0.540.630.780.770.770.730.60.540.710.88
Working Capital Days 251273284254285347310362437430
Cash Conversion Cycle 198223228205236293265301331329
Entity Percentage Holding
Promoters 41.06%
Institutions 0.83%
Non-Institutions 58.11%
Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)
Data is not available for this company.

The 5-year analysis of Aro Granite Industries Ltd.'s performance infers:

Aro Granite Industries Ltd. earnings have declined by -8.9%, whereas share price has depreciated -7.5% CAGR over the past five years, indicating the company's share price is likely overvalued. However, for specific investment actions please connect with your investment advisor.

We analysed the performance of Aro Granite Industries Ltd. share prices over the last 10 years. Here is what we found out:

Aro Granite Industries Ltd. share price has depreciated 1.2% annually over the past ten years.

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, Read More

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.

Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323

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