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Agarwal Industrial Corporation Ltd (AGARIND)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 531921 NSE: AGARIND Petrochemicals | Small Cap | Agarwal Indl. Corp Share Price

₹503.55 83.90 (19.99%)

As on 04-Jun'26 16:59

Agarwal Industrial Corporation Ltd (AGARIND)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 531921 NSE: AGARIND Petrochemicals | Small Cap | Agarwal Indl. Corp Share Price

₹503.55 83.90 (19.99%)

As on 04-Jun'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹753 Cr.
Current Price
₹503.6
52-Week Low / High
₹360 / 1,023
TTM EPS
₹23
TTM Sales
₹1,331 Cr.
Book Value per Share
₹282.3
P/E Ratio
21.87
Lower than its 5-year historical median
Industry PE
39
Price to Book (P/B)
1.78
Lower than its 5-year historical median
Price to Sales (P/S)
0.57
Lower than its 5-year historical median
EV/EBITDA
11.81
Lower than its 5-year historical median
Dividend Yield
0.34%
Profitability Efficiency
Return on Equity (ROE)
14.57%
Outperforms industry median
Return on Capital Employed (ROCE)
16.50%
Outperforms industry median
Return on Assets (ROA)
8.03%
Operating Profit Margin
4.1%
Net Profit Margin
2.68%
Gross Profit Margin
4.2%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Slowing versus 3-year growth rate
11.65%
Operating Profit Growth (1 Year)
Slowing versus 3-year growth rate
2.48%
Net Profit Growth (1 Year)
Slowing versus 3-year growth rate
8.1%
Asset Quality
Promoter Holding
57.20%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹407 Cr.
Equity
₹15 Cr.
Face Value
₹10
All Time Low / High
₹12.60 / 1383.15

Agarwal Industrial Corporation stock performance

Key Ratios
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Check Before You Invest

Quality

Somewhat Good

Valuation

Somewhat Undervalued

Price Trend

Strong
Q.1 Is Agarwal Industrial Corporation Ltd a good quality company?
Agarwal Industrial Corporation Ltd is a average quality company, based on a somewhat consistent 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 Agarwal Industrial Corporation Ltd performance compare with that of its Peers?
Q.1 Revenue growth of Agarwal Industrial Corporation Ltd vs industry peers?
Agarwal Industrial Corporation Ltd revenue CAGR is 21.66%, compared to the industry median CAGR of 9.22%, indicating faster growth and gaining its market share.
Q.1 Promoter shareholding and pledge status of Agarwal Industrial Corporation Ltd?
Promoters hold 57.20% of the Agarwal Industrial Corporation Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Stock return of Agarwal Industrial Corporation Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of 12.8% based on the current price.

10 Year X-Ray :

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.
Agarwal Industrial Corporation Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
ROCE % 14.8%13.2%11.5%13.7%13.1%15.6%20.2%21.3%19.3%16.5%-
Value Creation
Index
0.1-0.1-0.20.0-0.10.10.40.50.40.2-

Growth Parameters

Sales 2782944115297528331,4051,7611,7942,0031,331
Sales YoY Gr.-5.7%39.9%28.5%42.2%10.9%68.6%25.3%1.9%11.7%-
Adj EPS 88.39.812.913.421.228.230.232.735.123
YoY Gr.-3.5%17.7%31.8%4%58.8%32.7%7.2%8.4%7.3%-
BVPS (₹) 86.6104.6115.1129.6141.8161.3176.3199229.7262.6282.3
Adj Net
Profit
6.48.41013.213.721.837.245.24952.634
Cash Flow from Ops. 11.6-11.47.529.121.228.62960.7-25.8-29.3-
Debt/CF from Ops. 5.6-6.512.82.64.33.74.31-5.1-6.2-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales 24.5%21.7%12.6%11.7%
Adj EPS 17.9%21.3%7.7%7.3%
BVPS13.1%13.1%14.2%14.3%
Share Price 15.8% 18.2% -6.3% -48.7%

Key Financial Parameters

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity %
119.28.610.49.91418.516.915.314.38.5
Op. Profit
Mgn %
7.58.87.474.45.64.84.24.54.13.6
Net Profit
Mgn %
2.32.92.42.51.82.62.72.62.72.62.6
Debt to
Equity
0.90.70.80.60.60.60.50.20.40.50
Working Cap
Days
9914213211088966766809188
Cash Conv.
Cycle
821251139265624134404840

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Sales2782944115297528331,4051,7611,7942,003
Operating Expenses + 2572683814927197881,3381,6881,7141,921
Manufacturing Costs36465357534965687576
Material Costs2112123144226487231,2461,6031,6221,823
Employee Cost 3344434566
Other Costs 771010141223121115
Operating Profit 21263037334668748082
Operating Profit Margin (%) 7.5%8.8%7.4%7.0%4.3%5.5%4.8%4.2%4.5%4.1%
Other Income + 11115610161216
Exceptional Items 0000000000
Interest 779991012101414
Depreciation 568881214131112
Profit Before Tax 10141520203052666772
Tax 35475814171719
Profit After Tax 791013152239495054
PAT Margin (%) 2.4%3.0%2.5%2.5%2.0%2.6%2.7%2.8%2.8%2.7%
Adjusted EPS (₹)8.48.89.912.914.421.029.233.033.235.9
Dividend Payout Ratio (%)17.80%17.10%15.10%14%10.40%8.60%6.90%7.60%9.10%9.20%

Valuation of Agarwal Indl. Corp - 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 + 69106118133145166233298344393
Share Capital 8101010101013151515
Reserves 6196108123135155220283329378
Debt +606684688610211754126173
Long Term Debt78135221151198
Short Term Debt53587163848110343117165
Minority Interest0000000000
Trade Payables22147271926108106128
Others Liabilities 16262219143555383433
Total Liabilities 147201238226272321432497610726

Fixed Assets

Net Fixed Assets +37415954477072667463
Gross Block7547737676105112108127122
Accumulated Depreciation3961422293540425359
CWIP 08013137016
Investments 5101212111029425452
Inventories7173627254562108124187
Trade Receivables77105113113138123133165217230
Cash Equivalents 116436646284833
Others Assets 101413174165878193145
Total Assets 147201238226272321432497610726

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity + 12-1172921292961-26-29
PBT 10141520203052666772
Adjustment 11121617161930141516
Changes in Working Capital -6-34-17-4-7-14-40-2-90-97
Tax Paid -4-3-6-4-7-6-13-18-18-21
Cash Flow From Investing Activity + -9-21-20-4-27-26-16-10-14-10
Capex -8-18-18-4-3-9-8-9-11-17
Net Investments -1-3-2-022-6-12-85
Others 0000-27-19-21152
Cash Flow From Financing Activity + -02710-267123-684924
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 515-9-319-6-4-2-1
Interest Paid -6-7-8-9-9-8-9-8-11-13
Dividend Paid -1-1-2-2-2-2-2-3-4-4
Others 23315-721-841-536742
Net Cash Flow 2-5-2-11336-1810-15

Financial Ratio

PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)11.9710.139.0910.5310.6113.8619.3618.615.4714.57
ROCE (%)14.7713.2111.5313.713.1315.6120.1921.319.3216.5
Asset Turnover Ratio2.31.691.882.283.022.813.733.793.243
PAT to CFO Conversion(x)1.71-1.220.72.231.41.320.741.24-0.52-0.54
Working Capital Days
Receivable Days76.90112.5096.5077.9060.9057.1033.2030.8038.8040.70
Inventory Days10.701523.7021.9012.7015.5013.9017.6023.6028.40
Payable Days6.703.309.208.909.5011.506.5015.202423.40

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

Agarwal Industrial Corporation Ltd FAQs

The current trading price of Agarwal Indl. Corp on 04-Jun-2026 16:59 is ₹503.6.

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 Agarwal Indl. Corp stood at ₹753.2 Cr

The latest P/E ratio of Agarwal Indl. Corp as of 03-Jun-2026 is 21.87.

The latest P/B ratio of Agarwal Indl. Corp as of 03-Jun-2026 is 1.78.

The 52-week high of Agarwal Indl. Corp is ₹1,023.4 and the 52-week low is ₹360.4.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Agarwal Indl. Corp is ₹1,331 ( Cr.) .

Past 10 year's financial track record analysis by Moneyworks4me indicates that Agarwal Industrial Corporation Ltd is a average quality company.

The key valuation ratios of Agarwal Industrial Corporation Ltd's currently when compared to its past seem to suggest it is in the Somewhat Undervalued zone.

The Price Trend analysis by MoneyWorks4Me indicates it is Strong which suggest that the price of Agarwal Industrial Corporation Ltd is likely to Rise in the short term. However, please check the rating on Quality and Valuation before investing

About Agarwal Industrial Corporation Ltd

Agarwal Industrial Corporation Limited ( formerly known as Bombay Baroda Roadways (India) Limited), was promoted by Sh. Jaiprakash Agarwal, Sh. Lalit Agarwal, Sh. Mahendra Agarwal and Sh. Ramchandra Agarwal, brothers, in the year 1995 with the main objective to carry on the business of transportation of LPG and Bitumen throughout India. The Company is principally engaged in the business activities of manufacturing and trading of Petrochemicals (Bitumen and Bituminous Products), Logistics of Bitumen and Liquefied Petroleum Gas (LPG) and energy generation through Wind Mills.

The company came out with its maiden Public Issue in the year 1996 to expand its business operation by adding the fleet of LPG and Bitumen Tankers and thereafter, there was no looking back. As the company had clear vision to enlarge its activities from its modest origins in Transportation to Manufacturing of Bitumen & Bituminous Products, Power Generation through Wind Mills and to undertake agricultural activities, the company changed its name to “Agarwal Industrial Corporation Limited” from Bombay Baroda me Roadways (India) Limited in the year 2008, so as to reflect in the name of the company, the true nature of diversified activities it carries to the world at large.

Business area of the company

The company is well segmented company as it is engaged in varied business of (i) manufacturing and trading of Bitumen & value added Bituminous Products and has bulk bitumen storage facilities at Karwar, Haldia, Dighi and Hazira Gujarat. (ii) has large fleet of specialized Bulk Bitumen & LPG Tankers (Logistics) (iii) generates power through wind mills situated in Jaisalmer and Dhulia and last but not the least has an Authorized workshop of Ashok Leyland as Shahpur, Maharashtra.

Products

  • Paving Grade Bitumen
  • Industrial Grade Bitumen
  • CRMB: Crumb Rubber Modified Bitumen
  • PMB: Polymer Modified Bitumen
  • Byproducts / Waterproofing Materials
  • Bitumen Emulsion for Road Construction
  • Bituminous Expansion Jointing Boards

Services

  • Manufacturing and Trading of Bituminous Products
  • Bulk Bitumen Transportation
  • Wind Mills
  • Authorized Service Centre of Ashok Leyland
  • Bulk LPG Transportation
  • Bulk Storage Terminals
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