Agarwal Industrial Corporation Ltd
Agarwal Industrial Corporation Ltd is primarily engaged in the business activities of manufacturing and trading of Petrochemicals (Bitumen and Bituminous Products), logistics of bitumen and liquefied Petroleum Gas and energy generation through Wind Mills.[1]
- Market Cap ₹ 1,044 Cr.
- Current Price ₹ 698
- High / Low ₹ 1,114 / 648
- Stock P/E 26.7
- Book Value ₹ 269
- Dividend Yield 0.47 %
- ROCE 15.8 %
- ROE 14.2 %
- Face Value ₹ 10.0
Pros
- Company's median sales growth is 25.3% of last 10 years
Cons
- Earnings include an other income of Rs.21.6 Cr.
- Dividend payout has been low at 8.61% of profits over last 3 years
* 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.
Peer comparison
Commodities Chemicals Chemicals & Petrochemicals Petrochemicals
Part of BSE Allcap BSE Commodities
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 176 | 217 | 276 | 294 | 411 | 529 | 752 | 833 | 1,405 | 1,761 | 1,794 | 2,003 | 1,737 | |
| 162 | 201 | 255 | 268 | 381 | 492 | 719 | 788 | 1,338 | 1,688 | 1,714 | 1,921 | 1,679 | |
| Operating Profit | 13 | 16 | 21 | 26 | 30 | 37 | 33 | 46 | 68 | 74 | 81 | 82 | 59 |
| OPM % | 8% | 7% | 8% | 9% | 7% | 7% | 4% | 5% | 5% | 4% | 4% | 4% | 3% |
| 1 | 1 | 1 | 1 | 1 | 1 | 5 | 6 | 10 | 15 | 11 | 16 | 22 | |
| Interest | 4 | 4 | 7 | 7 | 9 | 9 | 9 | 10 | 12 | 10 | 14 | 14 | 17 |
| Depreciation | 4 | 4 | 5 | 6 | 8 | 8 | 8 | 12 | 14 | 13 | 11 | 12 | 11 |
| Profit before tax | 6 | 8 | 10 | 14 | 15 | 20 | 20 | 30 | 52 | 66 | 67 | 72 | 52 |
| Tax % | 22% | 30% | 31% | 37% | 30% | 34% | 27% | 27% | 26% | 26% | 26% | 26% | |
| 5 | 6 | 7 | 9 | 10 | 13 | 15 | 22 | 39 | 49 | 50 | 54 | 39 | |
| EPS in Rs | 9.02 | 10.50 | 12.21 | 8.75 | 9.94 | 12.88 | 14.39 | 21.01 | 29.20 | 32.99 | 33.17 | 35.85 | 26.10 |
| Dividend Payout % | 16% | 14% | 18% | 17% | 15% | 14% | 10% | 9% | 7% | 8% | 9% | 9% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 25% |
| 5 Years: | 22% |
| 3 Years: | 13% |
| TTM: | -10% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 25% |
| 5 Years: | 29% |
| 3 Years: | 11% |
| TTM: | -22% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 17% |
| 5 Years: | 33% |
| 3 Years: | 3% |
| 1 Year: | -26% |
| Return on Equity | |
|---|---|
| 10 Years: | 14% |
| 5 Years: | 16% |
| 3 Years: | 16% |
| Last Year: | 14% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 6 | 6 | 8 | 10 | 10 | 10 | 10 | 10 | 13 | 15 | 15 | 15 | 15 |
| Reserves | 33 | 38 | 65 | 100 | 111 | 123 | 135 | 155 | 224 | 283 | 329 | 378 | 388 |
| 34 | 41 | 65 | 74 | 96 | 77 | 90 | 125 | 148 | 80 | 148 | 190 | 209 | |
| 9 | 11 | 9 | 16 | 20 | 17 | 36 | 31 | 46 | 119 | 119 | 144 | 67 | |
| Total Liabilities | 81 | 95 | 147 | 201 | 238 | 226 | 272 | 321 | 432 | 497 | 610 | 726 | 679 |
| 27 | 28 | 37 | 41 | 59 | 54 | 47 | 71 | 73 | 67 | 74 | 64 | 68 | |
| CWIP | 1 | 1 | 0 | 8 | 0 | 1 | 3 | 1 | 3 | 7 | -0 | 16 | 15 |
| Investments | 2 | 4 | 5 | 10 | 12 | 12 | 11 | 10 | 29 | 42 | 54 | 52 | 56 |
| 51 | 62 | 105 | 141 | 166 | 160 | 210 | 239 | 327 | 381 | 481 | 595 | 540 | |
| Total Assets | 81 | 95 | 147 | 201 | 238 | 226 | 272 | 321 | 432 | 497 | 610 | 726 | 679 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 3 | 2 | 12 | -11 | 8 | 29 | 21 | 29 | 29 | 61 | -26 | -29 | |
| -8 | -7 | -9 | -21 | -20 | -4 | -27 | -26 | -16 | -10 | -14 | -10 | |
| 7 | 2 | -0 | 27 | 10 | -26 | 7 | 1 | 23 | -68 | 49 | 24 | |
| Net Cash Flow | 2 | -3 | 2 | -5 | -2 | -1 | 1 | 3 | 36 | -18 | 10 | -15 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 57 | 68 | 101 | 130 | 100 | 78 | 67 | 54 | 34 | 34 | 44 | 42 |
| Inventory Days | 13 | 20 | 12 | 29 | 42 | 23 | 14 | 23 | 18 | 24 | 28 | 37 |
| Days Payable | 9 | 14 | 3 | 4 | 16 | 6 | 15 | 9 | 8 | 25 | 24 | 26 |
| Cash Conversion Cycle | 61 | 75 | 111 | 156 | 126 | 96 | 66 | 67 | 45 | 34 | 48 | 54 |
| Working Capital Days | 8 | 18 | 36 | 69 | 55 | 50 | 41 | 50 | 15 | 25 | 26 | 28 |
| ROCE % | 15% | 16% | 15% | 13% | 12% | 14% | 13% | 15% | 19% | 20% | 18% | 16% |
Documents
Announcements
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Approval Of Unaudited Financial Results (Standalone And Consolidated) For Quarter And Nine Months Ended December 31, 2025
1d - Approved unaudited Q3/nine-month results (Dec 31, 2025); acquired Konkan Storage Systems (100%) post-quarter.
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Board Meeting Outcome for Approval Of Un-Audited Financial Results (Standalone And Consolidated)For The Quarter And Nine Months Ended December 31, 2025
1d - Board approved unaudited Q3 and nine-month results for Dec 31, 2025; acquired 100% of Konkan Storage Systems.
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Announcement under Regulation 30 (LODR)-Newspaper Publication
2d - Newspaper Advertisement for Special Window for Transfer of Physical Securities
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Board Meeting Intimation for To Consider And Approve The Unaudited Financial Results (Standalone And Consolidated) For The Quarter And Nine Months Ended December 31, 2025
10 Feb - Board meeting Feb 14, 2026 to approve unaudited Q3 and nine-month results (Dec 31, 2025); trading window reopens Feb 18.
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Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order
2 Feb - BPCL awarded supply of 42,800 MT bitumen (VG30/40) worth ≈₹218.59 Cr; deliveries Jan 23, 2026–Jan 22, 2027.
Annual reports
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Financial Year 2025
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Financial Year 2024
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
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Concalls
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Aug 2025Transcript PPT
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Jun 2025Transcript PPT
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Mar 2025Transcript PPT REC
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Dec 2024Transcript PPT REC
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Jun 2024Transcript PPT
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Feb 2024Transcript PPT
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Feb 2024TranscriptAI SummaryPPT
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Nov 2023Transcript PPT REC
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Jun 2023Transcript PPT
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Jun 2023TranscriptAI SummaryPPT
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Feb 2023Transcript PPT REC
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Feb 2023TranscriptAI SummaryPPT
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Nov 2022Transcript PPT
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Aug 2022Transcript PPT
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May 2022TranscriptPPT
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May 2022Transcript PPT
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Feb 2022Transcript PPT
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Nov 2021Transcript PPT
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Nov 2021TranscriptAI SummaryPPT
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Aug 2021Transcript PPT
Business Overview
Company primarily belongs to Ancillary Infra Industry and is engaged in the business of (i) manufacturing and trading of Bitumen and Allied products used heavily in infrastructure projects (ii) providing Logistics for Bulk Bitumen and LPG through its own Specialized Tankers and (iii) also generates power through Wind Mills. [1]