Aro Granite Industries Ltd Stock Analysis

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

BSE Share Price Jan 21, 18:01
79.60 -1.50 (-1.85%)

DeciZen - Make an Informed Decision on Aro Granite

Overall Rating
M-Cap below 500cr. High Risk from low Liquidity

1. Quality

2. Valuation

Fair
P/E P/S EV/EBITDA

3. Price Trend

Semi Strong

FAQ's

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

Data is not available for this 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 Fair zone.

3. Is Aro Granite Industries Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Aro Granite Industries Ltd is likely to Rise-somewhat 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.

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

Value Creation Index Colour Code Guide
Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21TTM
ROCE % 7.2%7.7%9.5%7.3%4.4%5.6%2.1%4.5%4.1%3.2%-
Value Creation Index -0.5-0.5-0.3-0.5-0.7-0.6-0.9-0.7-0.7-0.8-

Growth Parameters

Growth Parameters Colour Code Guide
Sales 159187251255216239201172178179222
YoY Gr. Rt. %-17.6%34.2%1.4%-15.4%10.7%-15.9%-14.1%3.1%0.9%-
Adj EPS 6.27.712.19.65.57.51.96.164.97.7
YoY Gr. Rt. %-24.2%57.3%-20.9%-42.9%37%-75%222.9%-0.7%-18.6%-
BVPS (₹) 73.580.192.8101.1103.7110.8111.5117.8118.6122.6127.9
Adj Net Profit 9.511.818.614.78.411.52.99.39.27.512
Cash Flow from Ops. 2.8-17-0.90.32116.322.2-3.262.90.7-
Debt/CF from Ops. 25.7-5.6-127.4478.65.56.34.2-40.62.5260.3-

CAGR

CAGR Colour Code Guide
9 Years 5 Years 3 Years 1 Years
Sales 1.3%-3.6%-3.7%0.9%
Adj EPS -2.6%-2.2%37.7%-18.6%
BVPS 5.93.43.23.4
Share Price 12.3% 2.8% 13.9% 61.5%

Key Financial Parameters

Performance Ratio Colour Code Guide
Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21TTM
Return on Equity % 8.710149.95.471.75.35.14.16.1
Op. Profit Mgn % 13.113.513.611.310.911.67.513.81514.413.4
Net Profit Mgn % 66.37.45.83.94.81.45.45.24.25.3
Debt to Equity 0.60.80.80.80.70.60.50.70.90.90.3
Working Cap Days 273284254285347310362437431430375
Cash Conv. Cycle 223228205236293265301331329338138

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 6.10%

Net Profit is growing at healthy rate in last 3 years 37.71%

Debt to equity has declined versus last 3 years average to 0.90

Sales growth is good in last 4 quarters at 42.50%

Sales growth has been subdued in last 3 years -3.68%

Latest Financials - Aro Granite Industries Ltd.

Standalone Consolidated
TTM EPS (₹) 7.7 -
TTM Sales (₹ Cr.) 222 -
BVPS (₹.) 127.9 -
Reserves (₹ Cr.) 180 -
P/BV 0.62 -
PE 10.37 -
From the Market
52 Week Low / High (₹) 36.70 / 87.00
All Time Low / High (₹) 0.76 / 103.90
Market Cap (₹ Cr.) 122
Equity (₹ Cr.) 15.3
Face Value (₹) 10
Industry PE 42.1

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

Analyst's Notes

News

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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