ARO Granite IND. Ltd.
NSE: AROGRANITE · Granites & Marbles · sector
₹22.27NSE close 2026-10-26
Key numbers
Market cap₹34 cr
Price₹22.27
52w high / low₹40 / ₹19
P/E–Sector median 18.3x
P/B0.2xSector median 0.3x
Book value₹113.7
Dividend yield–Sector median 0.35%
ROE-10.7%Sector median 1.3%
ROCE-1.4%Sector median 1.6%
OPM-10.1%Sector median 4.8%
Debt / equity0.87xSector median 0.15x
EV/EBITDA–Sector median 9.1x
Interest cover-0.3x
Current ratio1.47x
Sales growth 3y-23.4%Sector median -3.2%
Profit growth 3y–Sector median +7.0%
PEG–
Last 12 months to Jun 2026, Standalone. "Sector median" = middle value of 9 companies in Granites & Marbles (P/E median leaves out loss-making companies). Tap ? for what a number means.
Things to know
- Cash ₹13 cr vs borrowings ₹152 cr (FY26): borrowings are higher by ₹139 cr.
- Borrowings fell in each of the last 3 years (₹205 cr → ₹152 cr).
- Operating profit covered interest -0.3x in the last 12 months.
- No promoter shares are pledged.
- Operating cash flow was below net profit in 1 of the last 5 years (FY22).
- Net loss in 5 of the last 8 quarters.
- Revenue was higher than a year earlier in 0 of the last 4 quarters.
- No dividend in the last 5 financial years.
- Price ₹22.27 on 2026-10-26: -43.9% from the 52-week high, +19.3% 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 ₹61.45 · low ₹21.17
RevenueNet profit
RevenueNet profit
Quarterly results
| ₹ cr | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 29 | 30 | 27 | 27 | 20 | 15 | 12 | 21 |
| EBITDA | 0 | 0 | 1 | 6 | 0 | -2 | -3 | -3 |
| OPM % | 0.2% | 1.4% | 2.6% | 20.7% | 2.2% | -11.9% | -24.3% | -12.9% |
| Other income | -2 | 5 | 5 | 0 | 4 | 5 | 2 | 1 |
| Net profit | -7 | 0 | 0 | 0 | -2 | -3 | -6 | -7 |
| EPS (₹) | -4.66 | 0.02 | 0.03 | 0.00 | -1.66 | -1.92 | -4.21 | -4.83 |
| Revenue YoY | -29.2% | -51.2% | -57.0% | -23.7% | ||||
| Profit YoY | – | – | -32,150.0% | -12,516.7% |
Standalone figures where filed. Latest quarter Jun 2026.
Profit & loss (yearly)
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 | TTM |
|---|---|---|---|---|---|---|
| Revenue | 225 | 164 | 155 | 123 | 74 | 67 |
| EBITDA | 30 | 19 | 31 | 6 | 2 | -7 |
| Net profit | 9 | -6 | 1 | -6 | -12 | -19 |
| EPS (₹) | 5.89 | -3.84 | 0.88 | -4.07 | -7.79 | -12.62 |
| Revenue growth | -27.1% | -5.4% | -20.6% | -40.3% | -40.4% | |
| Profit growth | -165.0% | – | -590.1% | – | – | |
| Dividend / share (₹) | – | – | – | – | – |
| Compounded growth | 3 years | 5 years | Last 12 months |
|---|---|---|---|
| Sales | -23.5% | -16.3% | -40.4% |
| Net profit | – | – | – |
| EPS | – | – | – |
| Share price | – | -33.4% (2y) | -35.9% |
Balance sheet
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Shareholders' equity | – | 191 | 192 | 186 | 174 |
| Borrowings | – | 205 | 189 | 160 | 152 |
| Cash & equivalents | – | 6 | 9 | 9 | 13 |
| Total assets | – | 450 | 445 | 420 | 394 |
| Fixed assets | – | 160 | 149 | 129 | 118 |
| Capital work in progress | – | 1 | 1 | 1 | 1 |
| Investments | – | 1 | 1 | 0 | 0 |
| Receivables | – | 62 | 50 | 35 | 23 |
| Inventory | – | 199 | 213 | 214 | 213 |
| Payables | – | 36 | 40 | 49 | 45 |
Year-end figures from the March annual filing.
Cash flow
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Cash from operations | -17 | 14 | 19 | 41 | 17 |
| Cash from investing | -6 | -3 | 0 | 0 | 3 |
| Cash from financing | 23 | -7 | -16 | -42 | -16 |
| Capex | 7 | 3 | 0 | 0 | 0 |
| Free cash flow | -24 | 11 | 19 | 41 | 17 |
Free cash flow = cash from operations − capex.
Ratios by year
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| ROE % | – | -3.0% | 0.7% | -3.5% | -6.8% |
| ROCE % | – | 1.7% | 5.1% | 1.7% | 1.1% |
| Debtor days | – | 137 | 117 | 103 | 112 |
| Inventory days | – | 882 | 1,057 | 1,119 | 2,052 |
| Payable days | – | 158 | 199 | 256 | 437 |
| Cash conversion cycle (days) | – | 861 | 975 | 966 | 1,727 |
| Working capital days | – | 223 | 240 | 258 | 415 |
Shareholding
| Holder | % (2026-09-30) |
|---|---|
| Promoters | 41.08% |
| Public (non-institutions) | 58.92% |
| Quarter | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters % | 41.08% | 41.08% | 41.08% | 41.08% | 41.08% | 41.08% | 41.08% | 41.08% |
| Promoter group | % |
|---|---|
| Sunil K Arora | 33.16% |
| Sujata Arora | 3.93% |
| Sahil Arora | 1.98% |
| Shivani Agarwal | 1.98% |
| Geeti Arora | 0.01% |
| Ravi Kumar Arora | 0.01% |
| Aman Arora | 0.00% |
| Public holders above 1% | % |
|---|---|
| Dilipkumar Lakhi | 4.00% |
| Satish Desraj Kumar | 3.94% |
| Winfin Financial Consultants PVT Ltd | 2.18% |
| Satish Desraj Kumar | 2.17% |
| Bharat Pitti | 1.80% |
| Investor Education and Protection Fund (IEPF) | 1.68% |
| Deepak Gupta | 1.37% |
| Sangeetha S | 1.31% |
10,879 shareholders. Pledged: 0.00% of promoter shares.
Peers in Granites & Marbles
| Company | Market cap | P/E | P/B | ROE | ROCE | OPM | Sales 3y | Div yield |
|---|---|---|---|---|---|---|---|---|
| MIDWESTLTD | ₹3,838 cr | 33.3x | 4.0x | 11.5% | 14.7% | 26.5% | – | – |
| POKARNA | ₹2,062 cr | 21.7x | 2.4x | 11.6% | 12.3% | 30.1% | -7.7% | 0.09% |
| GSLSU | ₹99 cr | – | 0.4x | -10.9% | -1.8% | -4.9% | +9.4% | – |
| PACIFICI | ₹90 cr | 32.8x | 0.2x | 0.6% | 1.2% | 4.8% | -5.2% | – |
| ELEMARB | ₹47 cr | 14.9x | 0.4x | 2.4% | 3.6% | 13.1% | -1.2% | 0.62% |
| ROYALCU | ₹46 cr | 3.6x | – | – | -10.3% | -19.0% | +2.4% | – |
| AROGRANITE | ₹34 cr | – | 0.2x | -10.7% | -1.4% | -10.1% | -23.4% | – |
| MADHAV | ₹29 cr | – | 0.2x | -0.2% | 1.6% | -6.7% | -13.4% | – |
| ORIENTALTL | ₹25 cr | 10.7x | 0.2x | 2.0% | 3.2% | 10.6% | +34.5% | – |
Business segments (FY26)
| Segment | Revenue | Share | EBIT | Margin |
|---|---|---|---|---|
| b. Granite Slabs/ Tiles Divisions | ₹74 cr | 86.4% | ₹7 cr | 9.9% |
| a. Quartz Divison | ₹12 cr | 13.6% | ₹-4 cr | -32.9% |
| c. Unallocated Segment | ₹0 cr | – | ₹0 cr | – |
Dividends & corporate actions
| Ex-date | Action | Detail |
|---|---|---|
| 2024-09-11 | Other | Annual General Meeting |
| 2023-09-01 | Other | Annual General Meeting |
| 2022-08-18 | Other | Annual General Meeting |
| 2021-09-16 | Other | Annual General Meeting |
| 2020-09-17 | Other | Annual General Meeting |
| 2019-08-23 | Dividend | Annual General Meeting/Dividend - Re 1 Per Share |
| 2018-09-10 | Other | Annual General Meeting |
| 2017-09-08 | Dividend | Annual General Meeting/Dividend - Re 1/- Per Share |
| 2016-09-01 | Dividend | Annual General Meeting/ Dividend - Re 1/- Per Share |
| 2015-09-03 | Dividend | Annual General Meeting/Dividend - Re 1/- Per Share |
| 2014-08-28 | Dividend | Annual General Meeting / Dividend - Re 1/- Per Share |
| 2013-10-30 | Bonus | Bonus 1 : 2 |
| 2013-07-17 | Dividend | Annual General Meeting / Dividend - Re 1/- Per Share |
| 2012-07-20 | Dividend | Annual General Meeting/ Dividend Rs 1 Per Share |
| 2011-07-21 | Dividend | Annual General Meeting And Dividend Re.1/- Per Share |
| 2010-07-22 | Dividend | Annual General Meeting And Dividend Re.1/- Per Share |
| 2009-07-21 | Other | Agm/Div-Re.1/- Per Share |
| 2008-09-26 | Bonus | Bonus 1:2 |
| 2008-07-17 | Dividend | Agm/Dividend - 15% |
| 2007-08-14 | Dividend | Agm/Dividend-20% |
Documents
- Annual report FY26
- Annual report FY25
- Annual report FY24
- Annual report FY23
- Annual report FY21
- Announcements NSE filings
- Latest results (data file) XBRL
- Announcements BSE filings
Links go to the original files on the exchange website.
About the company
| Sector | Consumer Discretionary |
| Industry | Granites & Marbles |
| Sub-industry | Granites & Marbles |
| Symbol | AROGRANITE |
| BSE code | 513729 |
| ISIN | INE210C01013 |
| 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.