Aaron Industries Limited
NSE: AARON · Other · sector
₹123.53NSE close 2026-10-26
Key numbers
Market cap₹259 cr
Price₹123.53
52w high / low₹228 / ₹107
P/E31.0xSector median 14.4x
P/B5.3xSector median 1.7x
Book value₹23.2
Dividend yield0.49%Sector median 0.37%
ROE18.1%Sector median 13.8%
ROCE19.9%Sector median 19.6%
OPM19.5%Sector median 10.4%
Debt / equity0.57xSector median 0.29x
EV/EBITDA14.9xSector median 8.4x
Interest cover6.3x
Current ratio1.37x
Sales growth 3y+18.1%Sector median +7.7%
Profit growth 3y+8.0%Sector median +16.6%
PEG4.56x
Last 12 months to Jun 2026, Standalone. "Sector median" = middle value of 688 companies in Other (P/E median leaves out loss-making companies). Tap ? for what a number means.
Things to know
- Cash ₹3 cr vs borrowings ₹28 cr (FY26): borrowings are higher by ₹25 cr.
- Operating profit covered interest 6.3x in the last 12 months.
- Operating cash flow was below net profit in 3 of the last 5 years (FY24, FY23, FY22).
- Revenue was higher than a year earlier in 4 of the last 4 quarters.
- Other income was 3% of net profit in the last 12 months.
- Dividend paid in 4 of the last 5 financial years.
- Price ₹123.53 on 2026-10-26: -45.8% from the 52-week high, +15.7% from the 52-week low.
Plain facts from the filings, built by the same fixed rules for every company. A line appears only when the data for it is available. Not a view on the stock.
Charts
Weekly close · high ₹444.15 · low ₹114.59
RevenueNet profit
RevenueNet profit
Quarterly results
| ₹ cr | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 18 | 18 | 24 | 19 | 22 | 23 | 27 | 24 |
| EBITDA | 3 | 3 | 5 | 4 | 4 | 5 | 5 | 5 |
| OPM % | 17.6% | 17.8% | 20.9% | 19.0% | 18.5% | 20.8% | 18.6% | 20.2% |
| Other income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net profit | 2 | 2 | 3 | 1 | 1 | 2 | 2 | 3 |
| EPS (₹) | 0.86 | 0.86 | 1.32 | 0.51 | 0.67 | 0.97 | 1.13 | 1.22 |
| Revenue YoY | +21.6% | +26.6% | +13.4% | +27.0% | ||||
| Profit YoY | -23.6% | +12.2% | -15.6% | +141.5% |
Standalone figures where filed. Latest quarter Jun 2026.
Profit & loss (yearly)
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 | TTM |
|---|---|---|---|---|---|---|
| Revenue | 38 | 56 | 63 | 78 | 92 | 97 |
| EBITDA | 6 | 10 | 11 | 15 | 18 | 19 |
| Net profit | 4 | 5 | 6 | 8 | 7 | 8 |
| EPS (₹) | 1.85 | 2.69 | 3.00 | 3.93 | 3.27 | 3.99 |
| Revenue growth | +48.0% | +13.2% | +23.2% | +18.1% | +21.5% | |
| Profit growth | +45.6% | +17.2% | +30.2% | -17.5% | +11.7% | |
| Dividend / share (₹) | – | 0.80 | 1.00 | 1.00 | 1.20 |
| Compounded growth | 3 years | 5 years | Last 12 months |
|---|---|---|---|
| Sales | +18.1% | +29.8% | +21.5% |
| Net profit | +7.9% | +28.7% | +11.7% |
| EPS | +6.8% | +27.8% | – |
| Share price | – | -3.4% (2y) | -35.2% |
Balance sheet
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Shareholders' equity | – | 20 | 36 | 43 | 49 |
| Borrowings | – | 11 | 32 | 32 | 28 |
| Cash & equivalents | – | 1 | 3 | 3 | 3 |
| Total assets | – | 39 | 75 | 83 | 91 |
| Fixed assets | – | 19 | 24 | 25 | 55 |
| Capital work in progress | – | 0 | 27 | 33 | 0 |
| Investments | – | 0 | 0 | 0 | 0 |
| Receivables | – | 3 | 4 | 5 | 7 |
| Inventory | – | 14 | 16 | 16 | 24 |
| Payables | – | 4 | 3 | 3 | 8 |
Year-end figures from the March annual filing.
Cash flow
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Cash from operations | 1 | 4 | 6 | 9 | 8 |
| Cash from investing | -3 | -5 | -33 | -8 | -2 |
| Cash from financing | 2 | 1 | 28 | -1 | -6 |
| Capex | 3 | 5 | 0 | 0 | 0 |
| Free cash flow | -2 | -1 | 6 | 9 | 8 |
Free cash flow = cash from operations − capex.
Ratios by year
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| ROE % | – | 26.4% | 17.7% | 19.2% | 14.0% |
| ROCE % | – | 26.5% | 14.6% | 17.7% | 18.3% |
| Debtor days | – | 17 | 20 | 24 | 28 |
| Inventory days | – | 139 | 143 | 116 | 153 |
| Payable days | – | 37 | 23 | 22 | 48 |
| Cash conversion cycle (days) | – | 119 | 140 | 118 | 133 |
| Working capital days | – | 49 | 43 | 26 | 38 |
Shareholding
| Holder | % (2026-09-30) |
|---|---|
| Promoters | 73.11% |
| Public (non-institutions) | 26.89% |
| Quarter | Mar 2025 | Jun 2025 | Aug 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters % | 73.06% | 73.06% | 73.06% | 73.06% | 73.06% | 73.07% | 73.07% | 73.11% |
| Promoter group | % |
|---|---|
| Amar Chinubhai Doshi | 25.79% |
| Karan Amar Doshi | 13.90% |
| Monish Amar Doshi | 13.55% |
| Radhika Amar Doshi | 10.62% |
| Amar Chinubhai Doshi (HUF) | 2.61% |
| Monish Amarbhai Doshi (HUF) | 1.82% |
| Doshi Karan Amar (HUF) | 1.41% |
| Toral Karan Doshi | 0.97% |
| Bhoomi Doshi | 0.93% |
| Rajiv Chandrakant Shah | 0.70% |
| Falguni Rajiv Shah | 0.70% |
| Kushal Mitesh Jariwala | 0.10% |
| Chinubhai Somabhai Doshi | 0.00% |
| Kamlesh Chinubhai Doshi | 0.00% |
| Amita Pankaj Parikh | 0.00% |
11,776 shareholders. Pledged: – of promoter shares.
Peers in Other
| Company | Market cap | P/E | P/B | ROE | ROCE | OPM | Sales 3y | Div yield |
|---|---|---|---|---|---|---|---|---|
| TSFINV | ₹8,585 cr | 17.6x | 1.4x | 8.4% | 3.6% | 20.5% | +121.7% | 2.30% |
| KRISHANA | ₹6,339 cr | 39.9x | 11.3x | 41.6% | 23.2% | 12.6% | +95.7% | 0.05% |
| MARINE | ₹5,431 cr | 84.2x | 11.0x | 14.3% | 18.0% | 10.8% | +25.6% | 0.07% |
| ZOTA | ₹4,139 cr | – | 6.0x | -22.5% | -12.4% | -0.5% | +56.7% | 0.07% |
| AIMTRON | ₹3,319 cr | 71.7x | 17.1x | 28.0% | 31.8% | 21.8% | – | – |
| ACCORD | ₹2,984 cr | – | 261.7x | 12.4% | 12.0% | 2.4% | – | – |
| MONOLITH | ₹2,646 cr | 64.6x | 24.3x | 36.0% | 48.7% | 24.4% | – | – |
| UTSSAV | ₹2,390 cr | 40.2x | 14.1x | 43.4% | 54.7% | 7.9% | – | – |
| BETA | ₹2,200 cr | 40.6x | 5.0x | 16.4% | 17.0% | 20.8% | – | – |
| AARON | ₹259 cr | 31.0x | 5.3x | 18.1% | 19.9% | 19.5% | +18.1% | 0.49% |
Business segments (FY26)
| Segment | Revenue | Share | EBIT | Margin |
|---|---|---|---|---|
| Elevator Division | ₹69 cr | 75.0% | ₹29 cr | 42.3% |
| Steel Polishing Division | ₹23 cr | 25.0% | ₹-14 cr | -62.0% |
| Unallocated | ₹0 cr | – | ₹-2 cr | – |
Dividends & corporate actions
| Ex-date | Action | Detail |
|---|---|---|
| 2026-08-14 | Dividend | Dividend - Re 0.50 Per Share |
| 2025-08-25 | Bonus | Bonus 1:1 |
| 2025-08-08 | Dividend | Dividend - Rs 1.20 Per Share |
| 2024-09-17 | Dividend | Annual General Meeting/Dividend - Re 1 Per Share |
| 2023-08-28 | Dividend | Annual General Meeting/Dividend - Re 1 Per Sh |
| 2022-09-01 | Dividend | Annual General Meeting/Dividend - Rs 0.80 Per Share |
| 2021-09-08 | Other | Annual General Meeting |
Documents
- Annual report FY26
- Annual report FY25
- Annual report FY24
- Annual report FY23
- Annual report FY22
- Announcements NSE filings
- Latest results (data file) XBRL
Links go to the original files on the exchange website.
About the company
| Sector | |
| Industry | Other |
| Sub-industry | |
| Symbol | AARON |
| BSE code | – |
| ISIN | INE721Z01010 |
| Face value | ₹10.0 |
| Incorporated | – |
| Website | – |
| Plants (India / abroad) | – |
Data built 2026-10-23 from NSE company filings (XBRL: Integrated Filing - Financials + financial results), NSE shareholding & pledge data; price = NSE close 2026-10-26.