Price
Financials
Standalone, Rs crore| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 37.42 | 33.35 | 32.90 | 37.55 | 28.61 | 30.12 | 26.81 | 27.04 | 20.27 | 14.69 | 11.52 | 20.62 |
| Expenses | 31.86 | 26.58 | 24.92 | 32.44 | 28.55 | 29.69 | 26.10 | 21.45 | 19.81 | 16.45 | 14.31 | 23.28 |
| Operating Profit | 5.56 | 6.77 | 7.98 | 5.11 | 0.06 | 0.43 | 0.71 | 5.59 | 0.46 | -1.76 | -2.79 | -2.66 |
| OPM % | 14.86% | 20.30% | 24.26% | 13.61% | 0.21% | 1.43% | 2.65% | 20.67% | 2.27% | -11.98% | -24.22% | -12.90% |
| Other Income | 1.30 | 0.21 | 0.35 | 1.18 | -2.08 | 5.41 | 5.14 | 0.44 | 3.86 | 5.04 | 2.48 | 0.58 |
| Interest | 3.50 | 3.71 | 5.01 | 3.54 | 3.09 | 2.97 | 3.27 | 3.48 | 4.27 | 3.78 | 3.58 | 2.92 |
| Depreciation | 2.92 | 2.92 | 2.94 | 2.60 | 2.36 | 2.50 | 2.48 | 2.45 | 2.45 | 2.42 | 2.50 | 2.47 |
| Profit before tax | 0.44 | 0.35 | 0.38 | 0.15 | -7.47 | 0.37 | 0.10 | 0.10 | -2.40 | -2.92 | -6.39 | -7.47 |
| Tax % | 11.36% | 77.14% | 5.26% | -400.00% | -3.61% | 102.70% | 70.00% | 40.00% | 3.33% | 1.71% | 0.31% | -0.27% |
| Net Profit | 0.39 | 0.08 | 0.36 | 0.75 | -7.20 | 0.00 | 0.02 | 0.06 | -2.49 | -2.97 | -6.41 | -7.45 |
| EPS in Rs | 0.25 | 0.05 | 0.24 | 0.49 | -4.71 | 0.00 | 0.01 | 0.04 | -1.63 | -1.94 | -4.19 | -4.87 |
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 213 | 237 | 199 | 171 | 177 | 179 | 224 | 163 | 154 | 123 | 73 | 67 |
| Expenses | 193 | 207 | 186 | 148 | 159 | 155 | 194 | 144 | 123 | 116 | 72 | 74 |
| Operating Profit | 20 | 29 | 13 | 24 | 19 | 24 | 30 | 19 | 31 | 6 | 2 | -7 |
| OPM % | 9% | 12% | 6% | 14% | 10% | 13% | 13% | 12% | 20% | 5% | 2.0% | -10% |
| Other Income | 1 | 1 | 1 | 2 | 3 | 1 | 1 | 1 | 0 | 10 | 12 | 12 |
| Interest | 5 | 5 | 4 | 5 | 6 | 5 | 8 | 13 | 16 | 13 | 15 | 15 |
| Depreciation | 9 | 9 | 9 | 8 | 11 | 11 | 13 | 13 | 12 | 10 | 10 | 10 |
| Profit before tax | 7 | 16 | 1 | 13 | 5 | 8 | 11 | -6 | 3 | -7 | -12 | -19 |
| Tax % | 14% | 23% | 9% | 22% | 30% | 24% | 17% | -2% | 61% | -6% | 2% | |
| Net Profit | 6 | 13 | 1 | 10 | 4 | 6 | 9 | -6 | 1 | -6 | -12 | -19 |
| EPS in Rs | 3.83 | 8.25 | 0.76 | 6.35 | 2.36 | 3.95 | 5.82 | -3.78 | 0.86 | -4.20 | -7.73 | -12.63 |
| Dividend Payout % | 26% | 12% | 0% | 16% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| 10 Years | 5 Years | 3 Years | TTM | 1 Year | Last Year | |
|---|---|---|---|---|---|---|
| Compounded Sales Growth | -10% | -16% | -23% | -40% | ||
| Compounded Profit Growth | % | % | % | -171% | ||
| Stock Price CAGR | -11% | -18% | -27% | -38% | ||
| Return on Equity | 1% | -2% | -3% | -7% |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 15 | 15 | 15 | 15 | 15 | 15 | 15 | 15 | 15 | 15 | 15 | 15 |
| Reserves | 139 | 143 | 154 | 155 | 165 | 166 | 172 | 181 | 175 | 177 | 171 | 159 |
| Borrowings | 119 | 115 | 102 | 93 | 129 | 159 | 168 | 199 | 205 | 189 | 160 | 152 |
| Other Liabilities | 36 | 35 | 37 | 41 | 34 | 54 | 48 | 56 | 55 | 64 | 74 | 69 |
| Total Liabilities | 310 | 309 | 308 | 304 | 343 | 395 | 404 | 451 | 450 | 445 | 420 | 394 |
| Fixed Assets | 74 | 73 | 91 | 90 | 90 | 139 | 174 | 163 | 160 | 149 | 139 | 128 |
| CWIP | 7 | 21 | 2 | 6 | 23 | 42 | 1 | 8 | 1 | 1 | 1 | 1 |
| Investments | 0 | 0 | 0 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 0 |
| Other Assets | 229 | 216 | 215 | 207 | 230 | 213 | 228 | 280 | 288 | 294 | 279 | 264 |
| Total Assets | 310 | 309 | 308 | 304 | 343 | 395 | 404 | 451 | 450 | 445 | 420 | 394 |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | 0 | 21 | 16 | 22 | -3 | 63 | 1 | -18 | 14 | 35 | 33 | 17 |
| Cash from Investing Activity | -4 | -24 | -7 | -11 | -26 | -78 | -4 | -6 | -3 | 0 | 0 | 3 |
| Cash from Financing Activity | 8 | -5 | -15 | -11 | 32 | 12 | 3 | 24 | -15 | -32 | -34 | -16 |
| Net Cash Flow | 5 | -9 | -6 | 0 | 2 | -3 | -1 | -0 | -4 | 3 | -0 | 4 |
| Free Cash Flow | -8 | -1 | 16 | 22 | -30 | -15 | -4 | -25 | 11 | 35 | 33 | 19 |
| CFO/OP | 17% | 112% | 68% | 189% | -3% | 351% | 6% | -57% | 78% | 114% | 518% | 1,115% |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 122 | 138 | 127 | 128 | 122 | 121 | 131 | 119 | 137 | 117 | 104 | 112 |
| Inventory Days | 258 | 306 | 373 | 413 | 621 | 725 | 759 | 793 | 1,299 | 1,623 | 1,342 | 2,640 |
| Days Payable | 43 | 49 | 54 | 88 | 79 | 158 | 150 | 148 | 233 | 306 | 307 | 563 |
| Cash Conversion Cycle | 337 | 396 | 446 | 453 | 664 | 688 | 739 | 764 | 1,204 | 1,435 | 1,139 | 2,189 |
| Working Capital Days | 105 | 131 | 128 | 139 | 118 | 68 | 115 | 151 | 210 | 220 | 232 | 352 |
| ROCE % | 10% | 4% | 8% | 2% | 6% | 3% | 4% | 5% | 2% | 5% | 2% | 1% |
| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Promoters | 41.06% | 41.06% | 41.06% | 41.08% | 41.08% | 41.08% | 41.08% | 41.08% | 41.08% | 41.08% | 41.08% | 41.08% |
| FIIs | 0.00% | 0.00% | 0.02% | 0.03% | 0.60% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Public | 58.93% | 58.93% | 58.92% | 58.88% | 58.32% | 58.91% | 58.91% | 58.91% | 58.91% | 58.92% | 58.92% | 58.92% |
| No. of Shareholders | 13,101 | 12,627 | 12,251 | 11,917 | 12,254 | 12,116 | 11,891 | 11,758 | 11,785 | 11,544 | 11,285 | 11,140 |
Fundamentals
Market Cap₹ 35.4 Cr.
Current Price₹ 23.1
Book Value₹ 114
ROCE0.57 %
ROE-7.46 %
Dividend Yield0.00 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)-40%
Compounded Profit Growth (TTM)-171%
Standalone figures.
Valuation
Market capRs 34 Cr
Enterprise valueRs 173 Cr
Price to book0.20x
Price to sales0.51x
EV / EBITDA33.26x
EV / sales2.58x
Price to cash flow2.04x
Earnings yield-56.50%
P/E, 3-year average52.44x
P/B, 3-year average0.27x
P/E, 5-year average30.90x
P/B, 5-year average0.31x
Profitability
Operating margin (excl. other income)2.04%
Operating margin (incl. other income)18.16%
EBITDA margin7.76%
Pre-tax margin-28.58%
Net profit margin-28.79%
Net margin, latest quarter-36.13%
ROE-6.57%
ROCE1.04%
ROA-2.90%
ROE, 3-year average-3.09%
ROCE, 3-year average2.58%
ROA, 3-year average-1.37%
ROE, 5-year average-1.53%
ROCE, 5-year average2.89%
ROA, 5-year average-0.66%
ROIC (approx.)-1.50%
Tax rate-1.72%
Other income / net worth6.80%
Growth
Sales growth (latest year)-40.20%
Sales CAGR, 3 years-23.43%
Sales CAGR, 5 years-16.31%
Sales growth QoQ78.99%
Sales growth YoY (latest quarter)-23.74%
Profit growth YoY (latest quarter)-12516.67%
Per share
EPS (TTM)Rs -12.63
EPS (latest year)Rs -7.73
EPS (latest quarter)Rs -4.87
EPS, 3-year averageRs -3.69
EPS, 5-year averageRs -1.81
Book value per shareRs 113.69
Sales per shareRs 43.86
Cash flow per shareRs 10.93
Free cash flow per shareRs 12.42
Efficiency
Asset turnover0.19x
Fixed asset turnover0.57x
Inventory turnover0.23x
Inventory days1563 days
Debtor days112 days
Debtors turnover3.26x
Creditor days563 days
Cash conversion cycle2189 days
Working capital days352 days
Leverage
Total debtRs 152 Cr
Cash and bankRs 13 Cr
Net debtRs 139 Cr
Debt to equity0.87x
Net debt / EBITDA26.69x
Interest coverage-0.32x
Owners' fund to total sources44.12%
Debt to assets38.45%
Cash flow
Cash from Operating Activity (latest year)Rs 17 Cr
Cash from Investing Activity (latest year)Rs 3 Cr
Cash from Financing Activity (latest year)Rs -16 Cr
Net Cash Flow (latest year)Rs 4 Cr
Free cash flow (latest year)Rs 19 Cr
FCFE (approx.: FCF + change in debt)Rs 11 Cr
Sales to cash flow4.38x
Statement figures
Net sales (TTM)Rs 67 Cr
Net sales (latest year)Rs 73 Cr
Sales (latest quarter)Rs 21 Cr
Operating profit excl. other income (latest year)Rs 2 Cr
Operating profit (latest quarter)Rs -3 Cr
Other income (TTM)Rs 12 Cr
EBITDA (TTM)Rs 5 Cr
PBDT (TTM)Rs -9 Cr
Profit before tax (TTM)Rs -19 Cr
Tax (latest year)Rs 0 Cr
Net profit (TTM)Rs -19 Cr
Net profit (latest year)Rs -12 Cr
Net profit (latest quarter)Rs -7 Cr
Depreciation (TTM)Rs 10 Cr
Depreciation (latest quarter)Rs 2 Cr
Interest (TTM)Rs 15 Cr
Cost of goods sold (latest year)Rs 50 Cr
Total expenditure (latest year)Rs 72 Cr
Total income (latest year)Rs 85 Cr
Share capitalRs 15 Cr
ReservesRs 159 Cr
Shareholders' fundsRs 174 Cr
Total assetsRs 394 Cr
Net blockRs 128 Cr
Capital work in progressRs 1 Cr
InvestmentsRs 0 Cr
ReceivablesRs 23 Cr
InventoryRs 213 Cr
Other liabilitiesRs 69 Cr
Shares outstanding (crore)1.53
Ownership
Promoter holding41.08% (+0.00 in a year)
Computed by MarketFriction from the standalone statements. Returns use average balances.
P/B 0.20 is at the 3th percentile (median 0.38).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
| Period | AROGRANITE | Nifty 50 | Difference |
|---|---|---|---|
| 1 week | -6.8% | -2.8% | -4.0 pts |
| 1 month | -8.6% | -6.8% | -1.8 pts |
| 3 months | -12.4% | -7.6% | -4.8 pts |
| 6 months | +17.4% | +0.4% | +17.0 pts |
| 1 year | -42.5% | -9.9% | -32.6 pts |
| 2 years | -63.6% | -13.6% | -50.1 pts |
| 3 years | -61.9% | +14.2% | -76.1 pts |
| 5 years | -64.9% | +27.9% | -92.8 pts |
Red flags
F-score 3 of 8| look | Inventory outrunning sales Inventory grew -1% vs sales -40% in 2026 |
| look | Repeated losses Net loss in each of the last two years |
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.
Latest quarter
Jun 2026Sales ₹21 Cr -23.7% vs Jun 2025.
Net loss ₹7 Cr.
Activity
Compare| Company | Mcap (Cr) | P/E | ROCE |
|---|---|---|---|
| Midwest Ltd | 3,164 | 28.5 | 15.8 % |
| Pokarna Ltd | 2,226 | 23.4 | 11.5 % |
| Esprit Stones Ltd | 143 | -0.25 % | |
| Global Surfaces Ltd | 128 | -1.69 % | |
| Pacific Industries Ltd | 91 | 33.0 | 1.09 % |
| Elegant Marbles and Grani Industries Ltd | 52 | 16.7 | 3.77 % |
| Royal Cushion Vinyl Products Ltd | 47 | -0.17 % | |
| Oriental Trimex Ltd | 36 | 14.3 | 3.84 % |
| Madhav Marbles and Granites Ltd | 32 | -0.73 % |
No bulk or block deals on record.
| Ex-date | Action | Factor |
|---|---|---|
| 2024-09-11 | Annual General Meeting | |
| 2023-09-01 | Annual General Meeting | |
| 2022-08-18 | Annual General Meeting | |
| 2021-09-16 | Annual General Meeting | |
| 2020-09-17 | Annual General Meeting | |
| 2019-08-23 | Annual General Meeting/Dividend - Re 1 Per Share | |
| 2018-09-10 | Annual General Meeting | |
| 2017-09-08 | Annual General Meeting/Dividend - Re 1/- Per Share | |
| 2016-09-01 | Annual General Meeting/ Dividend - Re 1/- Per Share | |
| 2015-09-03 | Annual General Meeting/Dividend - Re 1/- Per Share | |
| 2014-08-28 | Annual General Meeting / Dividend - Re 1/- Per Share | |
| 2013-10-31 | Inferred from price: close fell to 0.662x overnight, no NSE action on record | 0.6667 |
| 2013-10-30 | Bonus 1 : 2 | 0.6667 |
| 2013-07-17 | Annual General Meeting / Dividend - Re 1/- Per Share | |
| 2012-07-20 | Annual General Meeting/ Dividend Rs 1 Per Share | |
| 2011-07-21 | Annual General Meeting And Dividend Re.1/- Per Share | |
| 2010-07-22 | Annual General Meeting And Dividend Re.1/- Per Share | |
| 2009-07-21 | Agm/Div-Re.1/- Per Share | |
| 2008-09-26 | Bonus 1:2 | 0.6667 |
| 2008-07-17 | Agm/Dividend - 15% | |
| 2007-08-14 | Agm/Dividend-20% |
No announcements in our files yet.
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
EPS in the scrip is zero (4 trailing quarters)Less than 100 unique PAN traded in previous 30 days
Quick answers
What is the market cap of Aro Granite Industries Ltd?
Aro Granite Industries Ltd (AROGRANITE) has a market capitalisation of Rs 35.4 Cr. at the 2026-10-01 close.
What were Aro Granite Industries Ltd's latest quarterly results?
In the Jun 2026 quarter, Aro Granite Industries Ltd sales was Rs 21 Cr (-23.7% vs Jun 2025) with a net loss of Rs 7 Cr.
What is the 52-week high and low of Aro Granite Industries Ltd?
The 52-week high is Rs 40.00 and the 52-week low is Rs 18.67.