AARON

Aaron Industries Limited

Listed company · ISIN INE721Z01010 · NSE EQ · FV ₹10
Last price
₹134
-0.16%today
What this company does

Aaron Industries Limited is a listed company. It booked ₹27 cr of revenue in its latest quarter (Q2 FY27) and kept 10.6% of sales as profit.

61out of 100
Equitytale Health Score
Mixed

Healthier than 61% of listed companies we score, on all six measures of filed financials. Each measure is ranked against the 1,198–2,932 companies that reported it.

Measures financial condition, not whether to buy. Learn what this score means · How this is calculated

Price momentum
neutral
RSI (14)
60

At close. Not part of the score.

Profitability & returns77

How much profit it earns on the money it employs

Balance sheet40

How much it owes, and whether earnings cover the interest

Cash quality59

Whether reported profit actually arrives as cash

Growth & consistency69

Whether sales and profit have grown, and how steadily

Valuation32

What today's price implies, against our models or its peers

Governance & risk100

How much of the promoters' stake is pledged, and how much they hold · highest in its sector on what we could measure

Is this company doing well?
not investment advice
A mixed picture
Strengths
✓ Makes a profit
✓ Sales up 22% vs last year
✓ Profit up 106% vs last year
✓ Promoters hold 73%
✓ No promoter shares pledged
✓ Strong 22% return on equity
Watch-outs
! Operating cash flow is negative

What if I invest in AARON?

Set a growth rate and see what a monthly SIP would add up to. Your assumption, our arithmetic.

You would put in
₹12.00 lakh
120 instalments
At 15% a year, it would become
₹26.30 lakh

The slider starts at 15%, taken from this company's own free-cash-flow trend. That is history, not a forecast — this is your assumption, and the figure above is arithmetic on it. Returns are not steady year to year, and a real holding would not grow in a straight line. We do not publish price targets or predict returns.

Key ratios · latest quarter + price
₹134▼ -0.16%
latest close · 2026-11-04
1-year return
+137.4%
52-wk low ₹5052-wk high ₹155
Is it cheap or expensive?
What you pay for the profits, book value and cash flow. Higher isn't automatically worse — it can signal faster growth.
P/E ratio24.5Average
LowAverageHigh
P/B ratio5.31High
Below bookModerateHigh
EV / EBITDA14.3Average
LowAverageHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity21.8%Strong
WeakFairStrong ▸15%
Return on capital25.7%Strong
WeakFairStrong
Net margin10.6%Decent
ThinDecentStrong
EBITDA margin20.2%Healthy
ThinDecentHealthy
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity0.61Moderate
LowModerateHigh ▸1
Interest cover7.5×Strong
RiskyOkayStrong ▸5×
Current ratio1.48Healthy
Tight ◂1HealthyAmple
More figures
Market cap
₹281 cr
Book value
₹25
EPS
₹1.37
latest quarter
Net debt
₹32 cr
owes more than its cash
Enterprise value
₹313 cr
EBITDA
₹22 cr
annualised
EBIT
₹18 cr
annualised
Operating margin
16.4%
Return on assets
11.5%
Earnings yield
4.09%
P/S
2.59
Sales / share
₹51.8
Tax rate
25.4%
Face value
₹10
Shares
2.1 cr
Working capital
₹15 cr
Current assets
₹46 cr
Current liabilities
₹31 cr
Delivery %
69.6%
Strong / safeFairWeak / riskyValuation — a level, not good/badBands are general rules of thumb, not advice.

P/E, ROE, ROCE and margins are annualised from the latest quarter; per-share and balance-sheet ratios use the most recent balance sheet on file · prices as of 2026-11-04.

Worth vs price · from the exchange filings
not investment advice
Hard to value confidentlyLow confidence
The market price is far above what these earnings- and book-based models support — a fast-growing or asset-light business can trade well above them for years, so we won't put a confident number on how overpriced it is.
Models span ₹33–₹51, midpoint ₹42

An educational model from the company's own filings, every assumption shown — not investment advice or a price target. Prices can stay above or below any model for years.

P&L · Q2 FY27 (consolidated)
Revenue from Operations₹27 cr
Other Income₹4.8 L
Total Income₹27 cr
Cost of Materials₹24 cr
Purchases of Stock-in-Trade₹0 cr
Inventory Change (±)₹-7 cr
Employee Benefit Expense₹2 cr
Finance Costs₹59.6 L
Depreciation & Amortisation₹1 cr
Other Expenses₹2 cr
Total Expenses₹23 cr
Profit before Tax₹4 cr
Tax Expense₹98 L
Net Profit₹3 cr
Net margin on total income10.6%
Where the money goes · Q2 FY27
% of total income
Materials + stock-in-trade₹17 cr63.7%
Employee benefit expense₹2 cr8.4%
Finance costs₹59.6 L2.2%
Depreciation & amortisation₹1 cr3.8%
Other expenses₹2 cr7.8%
Tax expense₹98 L3.6%
Profit for the period₹3 cr10.6%
Total income ₹27 cradds up to ₹100 ✓
Quarterly results · consolidated (₹ cr)
MetricQ4 FY26Q1 FY27Q2 FY27
Revenue27 cr24 cr27 cr
Total income27 cr24 cr27 cr
Expenses24 cr21 cr23 cr
Profit before tax4 cr3 cr4 cr
Tax1 cr89.9 L98 L
Net profit (owners' share)2 cr3 cr3 cr
Net margin (owners' share, on revenue)8.5%10.5%10.6%
EPS (₹)1.131.221.37
YoY (latest quarter): total income +21.8% · net profit +106.5%
Balance sheet & cash flow · as of Sep 2026
Moderate debt
Total assets
₹100 cr
Shareholder equity
₹53 cr
parent shareholders
Total debt
₹32 cr
Cash
₹8.3 L
Cash flow · H1 FY27
Operating
₹-3 cr
Investing
₹-86.8 L
Financing
₹4 cr
Corporate actions
Dividend yield
0.37%
trailing 12 months
Dividend / share (TTM)
₹0.5
Last dividend
₹0.5
ex 14 Aug 2026
ActionDetailEx-date
Dividend₹0.5 / share14 Aug 2026
Bonus issue1:125 Aug 2025
Dividend₹1.2 / share8 Aug 2025
Dividend₹1 / share17 Sep 2024
Dividend₹1 / share28 Aug 2023
Dividend₹0.8 / share1 Sep 2022
Who owns it · 2026-09-30
No pledge
Promoter
73.1%
Public
26.9%
Smart-money activity
Insider trades
BoughtKARAN AMAR DOSHI · Promoters22,000 · ₹51.7 L13 Sep 23
BoughtAMAR CHINUBHAI DOSHI · Promoters45,000 · ₹1.1 cr13 Sep 23
BoughtRAJIV CHANDRAKANT SHAH · Promoter Group10,700 · ₹25.1 L13 Sep 23
Bulk / block deals
BoughtSILVER LINE VENTURES PRIVATE LIMITED · NSE67,838 @ ₹310.9229 Jul 24
SoldSILVER LINE VENTURES PRIVATE LIMITED · NSE50,093 @ ₹310.8729 Jul 24
SoldBANKIM KANUBHAI DOSHI · NSE51,000 @ ₹102.7512 Jul 21
Stake changes
BoughtAmar Chinubhai Doshi HUF · promoter→ 2.61% · 4,07524 Sep 26
BoughtAMAR CHINUBHAI DOSHI · promoter→ 25.78% · 4,27016 Sep 26
BoughtAMAR CHINUBHAI DOSHI along with pac · promoter→ 73.09% · 4,27016 Sep 26
What shareholders were asked to approve

A company cannot decide everything on its own. Things like a top executive’s pay, issuing new shares, or re-appointing a director have to be put to the people who own the company, and they vote — one vote per share. So whoever owns the most shares has the most say.

Yearly shareholder meeting · 19 Aug 2026
See the official result
1
To receive, consider and adopt the Audited Standalone Financial Statements of the Company for the Financial Year ended March 31, 2026, together with the Reports of the Board of Directors and Auditors thereon.
Backed by 100% of shareholders other than promotersneeded 50%
6.72 L votes for, 0 against
2
To declare a Final Dividend of Rs. 0.50/- per Equity Share of the face value of Rs. 10/- each (5%) of the Company, for the Financial Year ended March 31, 2026.
Backed by 100% of shareholders other than promotersneeded 50%
6.72 L votes for, 0 against
3
To appoint a Director in place of Mr. Monish Doshi (DIN:06690246), who retires by rotation in terms of Section 152(6) of the Companies Act, 2013, and being eligible, offers himself for re-appointment.
Promoters had a personal stake in this
Backed by 100% of shareholders other than promotersneeded 50%
6.72 L votes for, 0 against
4
Revision in Remuneration payable to Mr. Amar Doshi (DIN:00856635), Chairman and Managing Director of the Company
Promoters had a personal stake in this
Backed by 100% of shareholders other than promotersneeded 75%
6.72 L votes for, 0 against

Every vote count above is taken from the result the company filed with the stock exchange, certified by an independent counter. To work out what would have happened without the promoters, we simply remove their votes and re-apply the same legal bar the proposal had to clear. Nothing here is an estimate or an opinion.

Who controls this company, and what it pays them

Most Indian companies are controlled by a family or group — the promoters. The exchange requires them to be listed by name, including members who own no shares at all, and requires the company to disclose any business it does with them.

The promoter group — 27 named members
owning 73.1% between them · as of 2026-09-30
AMAR CHINUBHAI DOSHI25.79%
KARAN AMAR DOSHI13.90%
MONISH AMAR DOSHI13.55%
RADHIKA AMAR DOSHI10.62%
AMAR CHINUBHAI DOSHI (HUF)2.61%
MONISH AMARBHAI DOSHI (HUF)1.82%
DOSHI KARAN AMAR (HUF)1.41%
TORAL KARAN DOSHI0.97%

Names and holdings from the company’s shareholding pattern filed with the exchange; transactions from the related-party note in its annual report. Every figure is as filed — these are legal, disclosed dealings, and what to make of them is your call.

How the stock has moved · adjusted for splits & bonuses
Data from primary exchange filings · analysis tool, not investment advice.