Agarwal Inds Corp Ltd.
NSE: AGARIND · Petrochemicals · sector
₹314.65NSE close 2026-10-26
Key numbers
Market cap₹471 cr
Price₹314.65
52w high / low₹905 / ₹315
P/E11.5xSector median 12.9x
P/B0.7xSector median 1.0x
Book value₹460.6
Dividend yield1.04%Sector median 1.04%
ROE6.2%Sector median 7.2%
ROCE7.5%Sector median 8.6%
OPM7.4%Sector median 10.5%
Debt / equity0.49xSector median 0.25x
EV/EBITDA6.3xSector median 6.3x
Interest cover3.1x
Current ratio1.15x
Sales growth 3y-6.4%Sector median -2.2%
Profit growth 3y-22.1%Sector median +9.6%
PEG–
Last 12 months to Jun 2026, Consolidated. "Sector median" = middle value of 13 companies in Petrochemicals (P/E median leaves out loss-making companies). Tap ? for what a number means.
Things to know
- Cash ₹111 cr vs borrowings ₹336 cr (FY26): borrowings are higher by ₹225 cr.
- Operating profit covered interest 3.1x in the last 12 months.
- No promoter shares are pledged.
- Operating cash flow was below net profit in 1 of the last 5 years (FY25).
- Revenue was higher than a year earlier in 0 of the last 4 quarters.
- Other income was 46% of net profit in the last 12 months.
- Debtor days went from 46 (FY24) to 34 (FY26).
- Dividend paid in 5 of the last 5 financial years.
- Price ₹314.65 on 2026-10-26: -65.2% from the 52-week high, 0.0% 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 ₹1,357.05 · low ₹314.65
RevenueNet profit
RevenueNet profit
Quarterly results
| ₹ cr | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 326 | 542 | 823 | 594 | 245 | 408 | 405 | 433 |
| EBITDA | 35 | 53 | 54 | 36 | 28 | 21 | 32 | 30 |
| OPM % | 10.8% | 9.8% | 6.5% | 6.1% | 11.4% | 5.1% | 8.0% | 6.9% |
| Other income | 2 | 2 | 5 | 2 | 5 | 5 | 6 | 3 |
| Net profit | 18 | 28 | 31 | 13 | 12 | 3 | 16 | 10 |
| EPS (₹) | 12.33 | 18.52 | 20.42 | 8.71 | 8.02 | 1.87 | 10.53 | 6.92 |
| Revenue YoY | -24.8% | -24.7% | -50.8% | -27.0% | ||||
| Profit YoY | -35.0% | -89.9% | -48.4% | -20.6% |
Consolidated figures where filed. Latest quarter Jun 2026.
Profit & loss (yearly)
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 | TTM |
|---|---|---|---|---|---|---|
| Revenue | 1,598 | 2,015 | 2,125 | 2,399 | 1,652 | 1,492 |
| EBITDA | 106 | 136 | 173 | 202 | 117 | 111 |
| Net profit | 64 | 92 | 109 | 116 | 44 | 41 |
| EPS (₹) | 51.10 | 63.78 | 73.02 | 77.34 | 29.13 | 27.34 |
| Revenue growth | +26.1% | +5.5% | +12.9% | -31.1% | -34.7% | |
| Profit growth | +44.9% | +18.4% | +5.9% | -62.3% | -54.4% | |
| Dividend / share (₹) | 1.80 | 2.00 | 2.50 | 3.00 | 3.30 |
| Compounded growth | 3 years | 5 years | Last 12 months |
|---|---|---|---|
| Sales | -6.4% | +12.8% | -34.7% |
| Net profit | -22.1% | +1.5% | -54.4% |
| EPS | -23.0% | -5.9% | – |
| Share price | – | -44.0% (2y) | -61.8% |
Balance sheet
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Shareholders' equity | – | 404 | 511 | 627 | 689 |
| Borrowings | – | 137 | 345 | 427 | 336 |
| Cash & equivalents | – | 59 | 98 | 87 | 111 |
| Total assets | – | 750 | 1,120 | 1,345 | 1,202 |
| Fixed assets | – | 316 | 570 | 678 | 687 |
| Capital work in progress | – | 8 | 0 | 16 | 31 |
| Investments | – | 0 | 0 | 0 | 0 |
| Receivables | – | 194 | 266 | 270 | 152 |
| Inventory | – | 116 | 128 | 196 | 118 |
| Payables | – | 164 | 217 | 258 | 148 |
Year-end figures from the March annual filing.
Cash flow
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Cash from operations | 65 | 157 | 112 | 100 | 235 |
| Cash from investing | -70 | -158 | -276 | -157 | -89 |
| Cash from financing | 19 | -15 | 178 | 40 | -128 |
| Capex | 66 | 149 | 270 | 165 | 121 |
| Free cash flow | -1 | 8 | -158 | -65 | 113 |
Free cash flow = cash from operations − capex.
Ratios by year
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| ROE % | – | 22.9% | 21.4% | 18.4% | 6.3% |
| ROCE % | – | 22.5% | 17.3% | 15.6% | 8.1% |
| Debtor days | – | 35 | 46 | 41 | 34 |
| Inventory days | – | 25 | 28 | 38 | 35 |
| Payable days | – | 36 | 47 | 50 | 44 |
| Cash conversion cycle (days) | – | 24 | 27 | 29 | 25 |
| Working capital days | – | 25 | 17 | 13 | 13 |
Shareholding
| Holder | % (2026-09-30) |
|---|---|
| Promoters | 57.20% |
| FIIs | 2.37% |
| DIIs | 0.06% |
| Public (non-institutions) | 40.37% |
| Quarter | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters % | 57.20% | 57.20% | 57.20% | 57.20% | 57.20% | 57.20% | 57.20% | 57.20% |
| Promoter group | % |
|---|---|
| JAI Prakash Agarwal | 5.85% |
| Mahendra Agarwal . | 5.53% |
| Kishan Agarwal . | 4.94% |
| Jugal Kishore Agarwal | 3.84% |
| Ramchandra AGARWAL | 3.76% |
| Usha Agarwal . | 3.57% |
| Lalit Agarwal | 3.53% |
| Rekha Agarwal | 2.68% |
| Padma Agarwal | 2.63% |
| Shailesh Rameshchandra Agarwal | 2.62% |
| UMA Agarwal . | 2.31% |
| Nilesh Agarwal | 2.24% |
| Sushila Agarwal | 2.19% |
| Vipin Agarwal | 1.90% |
| Sudha Agarwal . | 1.65% |
| Public holders above 1% | % |
|---|---|
| Ashish Kacholia | 4.33% |
| Nexpact Limited | 2.14% |
| HEM Securities Limited | 1.20% |
19,551 shareholders. Pledged: 0.00% of promoter shares.
Peers in Petrochemicals
| Company | Market cap | P/E | P/B | ROE | ROCE | OPM | Sales 3y | Div yield |
|---|---|---|---|---|---|---|---|---|
| SPLPETRO | ₹13,340 cr | 27.5x | 5.6x | 21.0% | 28.2% | 12.7% | +0.8% | 1.41% |
| SWANCORP | ₹7,168 cr | 35.5x | 0.9x | 3.0% | 4.0% | -5.6% | +44.9% | 0.04% |
| RAIN | ₹6,928 cr | 12.9x | 0.9x | 7.2% | 10.5% | 15.1% | – | – |
| BEPL | ₹2,660 cr | 12.0x | 2.3x | 20.2% | 26.5% | 18.2% | -2.2% | 3.74% |
| MANALIPETC | ₹1,255 cr | 7.0x | 1.0x | 15.9% | 17.1% | 19.8% | -4.7% | 0.69% |
| DCW | ₹1,178 cr | 16.5x | 1.1x | 6.8% | 8.6% | 9.2% | -6.6% | 0.51% |
| TNPETRO | ₹1,013 cr | 7.1x | 1.0x | 14.8% | 14.3% | 11.9% | -12.0% | 1.06% |
| PASUPTAC | ₹630 cr | 6.6x | 1.4x | 23.9% | 25.8% | 13.9% | +6.8% | – |
| AGARIND | ₹471 cr | 11.5x | 0.7x | 6.2% | 7.5% | 7.4% | -6.4% | 1.04% |
| INDIANACRY | ₹68 cr | 3.2x | – | – | -2.0% | 0.0% | -27.0% | – |
Business segments (FY26)
| Segment | Revenue | Share | EBIT | Margin |
|---|---|---|---|---|
| a) Ancillary Infra (Bitumen & Allied products) | ₹1,281 cr | 75.8% | ₹42 cr | 3.2% |
| b) Petroleum vessels operation | ₹281 cr | 16.6% | ₹29 cr | 10.2% |
| d) Logistics | ₹64 cr | 3.8% | ₹3 cr | 4.1% |
| c) Petroleum Products | ₹42 cr | 2.5% | ₹0 cr | 0.5% |
| f) Other (Unallocable) | ₹20 cr | 1.2% | ₹-0 cr | -0.6% |
| e) Wind Mill | ₹1 cr | 0.1% | ₹-0 cr | -24.2% |
Dividends & corporate actions
| Ex-date | Action | Detail |
|---|---|---|
| 2026-09-17 | Dividend | Dividend - Rs 3.30 Per Share |
| 2025-09-16 | Dividend | Dividend - Rs 3.30 Per Share |
| 2024-09-06 | Dividend | Dividend - Rs 3 Per Share |
| 2023-09-08 | Dividend | Dividend - Rs 2.50 Per Share |
| 2022-09-22 | Dividend | Annual General Meeting/Dividend - Rs 2 Per Share |
| 2021-09-22 | Dividend | Dividend - Rs 1.80 Per Share |
| 2020-09-22 | Dividend | Annual General Meeting/Dividend - Rs 1.50 Per Share |
| 2019-09-20 | Dividend | Annual General Meeting/Dividend - Rs 1.80 Per Share |
| 2018-09-19 | Dividend | Annual General Meeting/Dividend Rs 1.50 Per Share |
| 2018-09-19 | Dividend | Annual General Meeting/Dividend Rs 1.50 Per Share |
| 2017-09-22 | Dividend | Annual General Meeting/Dividend - Rs 1.50 Per Share |
| 2016-09-14 | Dividend | Annual General Meeting/Dividend - Rs 1.50 Per Share |
| 2015-09-22 | Dividend | Dividend - Rs 1.50/- Per Share |
| 2014-09-19 | Dividend | Annual General Meeting / Dividend - Rs 1.40/- Per Share |
Documents
- Annual report FY26
- Annual report FY25
- Annual report FY24
- Annual report FY23
- Annual report FY22
- Announcements NSE filings
- BRSR FY26
- Latest results (data file) XBRL
- Announcements BSE filings
Links go to the original files on the exchange website.
About the company
- Manufacturing & Trading: Manufacturing & Trading of Petrochemical Products (Bitumen & Bituminous Products) ANCILLIARY INFRA
- Transportation, Windmill: Providing Logistics for Bulk Bitumen and LPG through its own Specialized Tankers and also generates power through Wind Mills.
| Sector | Commodities |
| Industry | Petrochemicals |
| Sub-industry | Petrochemicals |
| Symbol | AGARIND |
| BSE code | 531921 |
| ISIN | INE204E01012 |
| Face value | ₹10.0 |
| Incorporated | 1995-01-13 |
| Website | www.aicltd.in |
| Plants (India / abroad) | 11 / 0 |
From the company's filings (BRSR FY26).
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.