Aro Granite Industries Ltd

Aro Granite Industries Ltd

₹ 28.7 0.31%
20 Feb - close price
About

Incorporated in 1988, ARO Granite Industries Ltd manufactures and trades Granite Slabs and Tiles[1]

Key Points

Business Overview:[1]
Company processes and exports Polished / Flamed Granite Tiles & Slabs in its 100 % export-oriented unit in Hosur and an SEZ unit in Jaipur. It sources 100+ shades of granites and quartzite from India, Bazil, Norway, Finland, Africa and Ukraine, enhances and then sells them

  • Market Cap 43.9 Cr.
  • Current Price 28.7
  • High / Low 45.8 / 26.2
  • Stock P/E
  • Book Value 120
  • Dividend Yield 0.00 %
  • ROCE 1.68 %
  • ROE -3.36 %
  • Face Value 10.0

Pros

  • Company has reduced debt.
  • Stock is trading at 0.24 times its book value

Cons

  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of -7.09% over past five years.
  • Company has a low return on equity of -1.89% over last 3 years.
  • Company might be capitalizing the interest cost
  • Earnings include an other income of Rs.14.5 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.

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Quarterly Results

Figures in Rs. Crores

Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025
34.31 46.96 51.43 37.42 33.35 32.90 37.55 28.61 30.12 26.81 27.04 20.27 14.69
34.85 39.93 42.96 31.86 26.58 24.92 32.44 28.55 29.69 26.10 21.45 19.81 16.45
Operating Profit -0.54 7.03 8.47 5.56 6.77 7.98 5.11 0.06 0.43 0.71 5.59 0.46 -1.76
OPM % -1.57% 14.97% 16.47% 14.86% 20.30% 24.26% 13.61% 0.21% 1.43% 2.65% 20.67% 2.27% -11.98%
0.18 0.05 0.59 1.30 0.21 0.35 1.18 -2.08 5.41 5.14 0.44 3.86 5.04
Interest 3.24 3.72 3.88 3.50 3.71 5.01 3.54 3.09 2.97 3.27 3.48 4.27 3.78
Depreciation 3.19 3.20 2.94 2.92 2.92 2.94 2.60 2.36 2.50 2.48 2.45 2.45 2.42
Profit before tax -6.79 0.16 2.24 0.44 0.35 0.38 0.15 -7.47 0.37 0.10 0.10 -2.40 -2.92
Tax % 5.15% -200.00% 41.07% 11.36% 77.14% 5.26% -400.00% -3.61% 102.70% 70.00% 40.00% 3.33% 1.71%
-7.14 0.49 1.32 0.39 0.08 0.36 0.75 -7.20 0.00 0.02 0.06 -2.49 -2.97
EPS in Rs -4.67 0.32 0.86 0.25 0.05 0.24 0.49 -4.71 0.00 0.01 0.04 -1.63 -1.94
Raw PDF

Profit & Loss

Figures in Rs. Crores

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
250.51 252.55 213.30 236.79 198.96 171.34 177.18 178.68 223.96 163.41 154.19 122.66 88.81
216.26 223.86 193.33 207.44 186.42 147.56 158.65 154.88 193.88 144.36 123.33 116.29 83.81
Operating Profit 34.25 28.69 19.97 29.35 12.54 23.78 18.53 23.80 30.08 19.05 30.86 6.37 5.00
OPM % 13.67% 11.36% 9.36% 12.39% 6.30% 13.88% 10.46% 13.32% 13.43% 11.66% 20.01% 5.19% 5.63%
4.62 5.11 1.15 1.33 1.25 2.08 3.15 0.63 1.36 0.55 0.38 9.59 14.48
Interest 5.34 6.25 5.22 5.20 3.85 5.07 5.98 5.38 7.93 12.78 16.11 12.87 14.80
Depreciation 5.16 8.59 9.12 9.10 8.65 8.25 10.53 11.07 12.74 12.73 11.72 9.94 9.80
Profit before tax 28.37 18.96 6.78 16.38 1.29 12.54 5.17 7.98 10.77 -5.91 3.41 -6.85 -5.12
Tax % 25.66% 11.97% 13.57% 22.95% 8.53% 22.49% 30.37% 24.19% 17.36% -2.03% 61.29% -6.28%
21.09 16.69 5.86 12.62 1.17 9.72 3.61 6.05 8.91 -5.79 1.31 -6.42 -5.38
EPS in Rs 13.78 10.91 3.83 8.25 0.76 6.35 2.36 3.95 5.82 -3.78 0.86 -4.20 -3.52
Dividend Payout % 7.25% 9.17% 26.11% 12.12% 0.00% 15.74% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Compounded Sales Growth
10 Years: -7%
5 Years: -7%
3 Years: -18%
TTM: -31%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: %
TTM: 12%
Stock Price CAGR
10 Years: -3%
5 Years: -8%
3 Years: -13%
1 Year: -27%
Return on Equity
10 Years: 2%
5 Years: 0%
3 Years: -2%
Last Year: -3%

Balance Sheet

Figures in Rs. Crores

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 15.30 15.30 15.30 15.30 15.30 15.30 15.30 15.30 15.30 15.30 15.30 15.30 15.30
Reserves 126.62 139.39 143.36 154.17 155.30 164.92 166.19 172.34 181.12 175.31 176.72 170.56 168.01
109.19 118.92 115.35 101.78 92.57 128.83 158.92 168.43 199.30 205.02 188.75 159.65 148.21
40.82 36.18 35.24 37.05 40.52 34.44 54.14 48.43 55.66 54.75 63.82 74.24 71.61
Total Liabilities 291.93 309.79 309.25 308.30 303.69 343.49 394.55 404.50 451.38 450.38 444.59 419.75 403.13
83.57 73.69 72.55 90.56 89.78 89.94 139.30 174.43 162.67 160.16 148.73 139.10 134.23
CWIP 0.00 6.97 20.66 2.46 5.55 22.69 41.55 0.98 7.81 0.98 0.98 1.04 1.04
Investments 0.02 0.02 0.02 0.02 0.90 0.81 0.85 0.87 1.14 1.10 0.84 0.88 0.77
208.34 229.11 216.02 215.26 207.46 230.05 212.85 228.22 279.76 288.14 294.04 278.73 267.09
Total Assets 291.93 309.79 309.25 308.30 303.69 343.49 394.55 404.50 451.38 450.38 444.59 419.75 403.13

Cash Flows

Figures in Rs. Crores

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
-0.85 0.25 21.02 16.28 22.19 -3.17 62.94 0.65 -18.15 13.96 35.03 33.01
0.70 -3.69 -24.24 -6.58 -10.75 -26.31 -77.73 -3.94 -6.19 -3.03 0.04 0.22
12.66 7.95 -5.41 -15.41 -11.05 31.80 11.74 2.70 23.94 -14.53 -32.35 -33.53
Net Cash Flow 12.51 4.51 -8.63 -5.71 0.40 2.31 -3.05 -0.60 -0.40 -3.60 2.73 -0.30

Ratios

Figures in Rs. Crores

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 128.52 122.27 138.28 126.82 128.38 122.21 121.17 130.78 119.10 137.46 117.37 103.61
Inventory Days 215.70 258.12 306.06 373.07 412.57 621.29 725.06 759.02 792.82 1,299.40 1,623.36 1,342.03
Days Payable 50.54 43.02 48.81 53.66 87.87 79.14 158.23 150.34 148.14 232.82 305.95 306.99
Cash Conversion Cycle 293.69 337.37 395.53 446.22 453.08 664.36 688.00 739.46 763.79 1,204.04 1,434.78 1,138.66
Working Capital Days 77.48 104.85 130.55 127.94 139.02 117.72 68.19 114.70 151.22 210.25 220.03 232.11
ROCE % 11.03% 9.69% 4.39% 7.92% 1.92% 6.15% 3.43% 3.84% 4.97% 1.74% 5.03% 1.68%

Shareholding Pattern

Numbers in percentages

6 Recently
Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
41.06% 41.06% 41.06% 41.06% 41.06% 41.08% 41.08% 41.08% 41.08% 41.08% 41.08% 41.08%
0.00% 0.00% 0.00% 0.00% 0.02% 0.03% 0.60% 0.00% 0.00% 0.00% 0.00% 0.00%
58.94% 58.94% 58.93% 58.93% 58.92% 58.88% 58.32% 58.91% 58.91% 58.91% 58.91% 58.92%
No. of Shareholders 13,42013,19813,10112,62712,25111,91712,25412,11611,89111,75811,78511,544

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

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