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 ₹ 683 Cr.
- Current Price ₹ 456
- High / Low ₹ 1,103 / 434
- Stock P/E 11.7
- Book Value ₹ 439
- Dividend Yield 0.72 %
- ROCE 16.9 %
- ROE 20.1 %
- Face Value ₹ 10.0
Pros
- Stock is trading at 1.04 times its book value
- Company has delivered good profit growth of 35.4% CAGR over last 5 years
- Company's median sales growth is 26.3% of last 10 years
Cons
* 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
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 181 | 222 | 281 | 297 | 414 | 531 | 787 | 904 | 1,598 | 2,015 | 2,125 | 2,399 | 2,070 | |
| 168 | 206 | 260 | 271 | 383 | 494 | 741 | 832 | 1,492 | 1,879 | 1,952 | 2,197 | 1,932 | |
| Operating Profit | 14 | 16 | 21 | 26 | 31 | 37 | 46 | 71 | 106 | 136 | 173 | 202 | 138 |
| OPM % | 8% | 7% | 8% | 9% | 7% | 7% | 6% | 8% | 7% | 7% | 8% | 8% | 7% |
| 1 | 1 | 1 | 1 | 1 | 1 | 3 | 2 | 4 | 9 | 5 | 11 | 16 | |
| Interest | 4 | 4 | 7 | 7 | 9 | 9 | 9 | 10 | 12 | 12 | 21 | 30 | 32 |
| Depreciation | 4 | 4 | 5 | 6 | 8 | 8 | 9 | 14 | 20 | 23 | 30 | 48 | 51 |
| Profit before tax | 6 | 8 | 10 | 14 | 15 | 20 | 31 | 49 | 78 | 110 | 127 | 135 | 72 |
| Tax % | 21% | 30% | 31% | 37% | 30% | 34% | 18% | 17% | 18% | 16% | 14% | 14% | |
| 5 | 6 | 7 | 9 | 10 | 13 | 26 | 41 | 64 | 92 | 109 | 116 | 58 | |
| EPS in Rs | 9.25 | 10.67 | 12.46 | 8.82 | 10.02 | 13.11 | 24.91 | 39.51 | 48.22 | 61.68 | 73.02 | 77.34 | 39.02 |
| Dividend Payout % | 15% | 14% | 17% | 17% | 15% | 14% | 6% | 5% | 4% | 4% | 4% | 4% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 27% |
| 5 Years: | 25% |
| 3 Years: | 15% |
| TTM: | -12% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 35% |
| 5 Years: | 35% |
| 3 Years: | 22% |
| TTM: | -53% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 12% |
| 5 Years: | 25% |
| 3 Years: | -10% |
| 1 Year: | -56% |
| Return on Equity | |
|---|---|
| 10 Years: | 21% |
| 5 Years: | 23% |
| 3 Years: | 23% |
| Last Year: | 20% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| 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 | 101 | 112 | 123 | 147 | 186 | 281 | 389 | 496 | 612 | 642 |
| 35 | 41 | 65 | 74 | 96 | 77 | 90 | 150 | 171 | 158 | 361 | 435 | 417 | |
| 9 | 11 | 9 | 17 | 21 | 17 | 52 | 50 | 78 | 188 | 248 | 283 | 271 | |
| Total Liabilities | 82 | 95 | 147 | 201 | 238 | 227 | 300 | 395 | 543 | 750 | 1,120 | 1,345 | 1,344 |
| 30 | 31 | 39 | 44 | 62 | 57 | 102 | 160 | 219 | 341 | 589 | 691 | 728 | |
| CWIP | 1 | 1 | 0 | 8 | 0 | 1 | 3 | 1 | 3 | 7 | 0 | 16 | 15 |
| Investments | 0 | 2 | 3 | 6 | 9 | 9 | 7 | 6 | 12 | 26 | 36 | 34 | 38 |
| 51 | 62 | 105 | 143 | 168 | 161 | 188 | 229 | 309 | 376 | 495 | 605 | 564 | |
| Total Assets | 82 | 95 | 147 | 201 | 238 | 227 | 300 | 395 | 543 | 750 | 1,120 | 1,345 | 1,344 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| 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 | 13 | -12 | 8 | 30 | 49 | 49 | 65 | 157 | 112 | 100 | |
| -7 | -7 | -9 | -21 | -20 | -4 | -54 | -44 | -69 | -158 | -276 | -157 | |
| 7 | 1 | -1 | 27 | 10 | -27 | 7 | 21 | 19 | -15 | 178 | 40 | |
| Net Cash Flow | 2 | -3 | 3 | -6 | -1 | -1 | 2 | 27 | 14 | -17 | 13 | -18 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| 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 | 56 | 67 | 100 | 129 | 100 | 78 | 64 | 54 | 37 | 35 | 46 | 41 |
| Inventory Days | 13 | 22 | 13 | 29 | 43 | 23 | 16 | 24 | 18 | 25 | 28 | 38 |
| Days Payable | 9 | 14 | 3 | 4 | 16 | 6 | 24 | 17 | 15 | 36 | 47 | 50 |
| Cash Conversion Cycle | 61 | 75 | 110 | 154 | 126 | 95 | 56 | 62 | 40 | 25 | 26 | 29 |
| Working Capital Days | 10 | 19 | 36 | 70 | 55 | 49 | 20 | 22 | 13 | 14 | 0 | 0 |
| ROCE % | 16% | 16% | 15% | 13% | 12% | 14% | 17% | 20% | 22% | 23% | 20% | 17% |
Insights
In beta| Mar 2014 | Mar 2015 | Mar 2017 | Mar 2018 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Number of Manufacturing Facilities Units |
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| Number of Port Terminals Units |
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| Shipping Vessel Capacity MT |
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| Bitumen Sales Volume MT |
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| Number of Shipping Vessels Units |
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| Bitumen Tanker Fleet Size Units |
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| LPG Tanker Fleet Size Units |
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Documents
Announcements
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General Updates
16 Feb - Q3 FY26 consolidated revenue ₹409 Cr, PAT ₹2.8 Cr; 9M revenue ₹1,247 Cr; post-quarter Karwar acquisition.
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General Updates
16 Feb - Q3 FY26 consolidated: Revenue ₹409 Cr, EBITDA ₹26 Cr, PAT ₹2.8 Cr; 9M revenue ₹1,247 Cr; Konkan acquisition.
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Announcement under Regulation 30 (LODR)-Newspaper Publication
16 Feb - Newspaper Publication for Unaudited Financial Results for the quarter and nine months ended December 31, 2025
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Approval Of Unaudited Financial Results (Standalone And Consolidated) For Quarter And Nine Months Ended December 31, 2025
14 Feb - 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
14 Feb - Board approved unaudited Q3 and nine-month results for Dec 31, 2025; acquired 100% of Konkan Storage Systems.
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]