Adroit Industries (India) Ltd
Incorporated in January 1995, Adroit Industries is a vertically integrated manufacturer and supplier of propeller shafts and torque-transmission components used in driveline systems.[1]
- Market Cap ₹ 731 Cr.
- Current Price ₹ 163
- High / Low ₹ 260 / 161
- Stock P/E 226
- Book Value ₹
- Dividend Yield 0.00 %
- ROCE 6.20 %
- ROE 4.18 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
- Company is almost debt free.
Cons
- The company has delivered a poor sales growth of -2.53% over past five years.
- Company has a low return on equity of 3.68% over last 3 years.
- Earnings include an other income of Rs.2.97 Cr.
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| 53.61 | 79.84 | 83.51 | 64.08 | 49.68 | 47.17 | |
| 46.52 | 72.96 | 78.13 | 60.29 | 45.85 | 44.33 | |
| Operating Profit | 7.09 | 6.88 | 5.38 | 3.79 | 3.83 | 2.84 |
| OPM % | 13.23% | 8.62% | 6.44% | 5.91% | 7.71% | 6.02% |
| 3.72 | 3.59 | 2.96 | 2.60 | 3.75 | 2.97 | |
| Interest | 2.69 | 2.30 | 2.89 | 2.89 | 1.37 | 0.56 |
| Depreciation | 2.24 | 2.18 | 1.25 | 1.05 | 1.02 | 0.95 |
| Profit before tax | 5.88 | 5.99 | 4.20 | 2.45 | 5.19 | 4.30 |
| Tax % | 53.57% | 30.55% | 25.95% | 26.53% | 31.02% | 26.74% |
| 2.72 | 4.15 | 3.11 | 1.80 | 3.58 | 3.14 | |
| EPS in Rs | 0.78 | 1.19 | 0.89 | 0.52 | 1.03 | 0.90 |
| Dividend Payout % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | -3% |
| 3 Years: | -17% |
| TTM: | -5% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 3% |
| 3 Years: | 1% |
| TTM: | -11% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | % |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 4% |
| 3 Years: | 4% |
| Last Year: | 4% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Equity Capital | 17.46 | 17.46 | 17.46 | 17.46 | 17.46 | 34.91 |
| Reserves | 53.49 | 57.64 | 60.76 | 62.56 | 56.86 | 42.28 |
| 29.95 | 28.53 | 27.58 | 15.65 | 5.37 | 1.10 | |
| 19.05 | 22.11 | 14.46 | 10.79 | 4.81 | 6.60 | |
| Total Liabilities | 119.95 | 125.74 | 120.26 | 106.46 | 84.50 | 84.89 |
| 20.58 | 17.37 | 8.16 | 7.11 | 9.40 | 8.18 | |
| CWIP | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | 32.74 | 32.74 | 40.24 | 40.24 | 29.82 | 30.08 |
| 66.63 | 75.63 | 71.86 | 59.11 | 45.28 | 46.63 | |
| Total Assets | 119.95 | 125.74 | 120.26 | 106.46 | 84.50 | 84.89 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| 4.77 | 2.32 | 5.93 | 11.71 | 13.77 | 1.19 | |
| -5.90 | 2.38 | -2.20 | 2.53 | -2.00 | 3.57 | |
| -0.22 | -3.75 | -3.86 | -14.84 | -11.63 | -4.81 | |
| Net Cash Flow | -1.34 | 0.95 | -0.14 | -0.60 | 0.14 | -0.04 |
| Free Cash Flow | 3.73 | -0.28 | 15.59 | 11.71 | 11.27 | 1.77 |
| CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit | 107% | 46% | 149% | 356% | 390% | 111% |
Ratios
Standalone / View Consolidated
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Debtor Days | 113.77 | 109.45 | 46.68 | 38.50 | 52.31 | 42.17 |
| Inventory Days | 709.18 | 306.01 | 266.74 | 100.27 | 70.34 | 114.53 |
| Days Payable | 362.72 | 197.41 | 77.35 | 36.39 | 25.88 | 49.87 |
| Cash Conversion Cycle | 460.23 | 218.05 | 236.07 | 102.38 | 96.77 | 106.83 |
| Working Capital Days | 133.17 | 62.81 | 38.68 | 67.78 | 65.61 | 109.57 |
| ROCE % | 8.11% | 6.77% | 5.30% | 7.48% | 6.20% |
Documents
Announcements
-
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
- Disclosure of Information pursuant to Regulation 30 of the SEBI (LODR) Regulations, 2015- Intimation of Schedule of Analyst / Institutional Investor ....
-
Board Meeting Intimation for Notice Of Board Meeting
- Board meeting on October 28, 2026 to approve Q2 and half-year results.
-
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
- Submitted Regulation 74(5) compliance certificate for quarter ended September 30, 2026.
-
Announcement under Regulation 30 (LODR)-Investor Presentation
- Investor Presentation on performance of Q1 FY27
-
Announcement under Regulation 30 (LODR)-Newspaper Publication
- Submission of Newspaper Advertisement- Un-audited Standalone and Consolidated Financial Results of the Company for the Quarter ended June 30, 2026
Concalls
-
Oct 2026PPT
Business Overview[1]
Adroit Industries manufactures and supplies propeller shafts, also known as drive shafts or cardan shafts, and other torque-transmission components used in driveline systems. The company has more than four decades of operating experience and has developed an integrated manufacturing model covering forging, precision machining, heat treatment, assembly, balancing, and testing. As of July 31, 2026, it offered more than 5,000 SKUs of torque-transmission components and assemblies.