AGARINDCommodities

Agarwal Industrial Corporation Limited

Petrochemicals · ISIN INE204E01012 · BSE 531921 · NSE EQ · FV ₹10
Last price
₹408
-0.45%today
What this company does

Agarwal Industrial Corporation Limited operates in Petrochemicals, part of the Commodities sector. It booked ₹433 cr of revenue in its latest quarter (Q1 FY27) and kept 2.4% of sales as profit. It is the 9th largest of 9 Petrochemicals companies we track, by market value.

In the report:
54out of 100
Equitytale Health Score
Mixed

Healthier than 54% of companies in Commodities, on all six measures of filed financials. Each measure is ranked against the 43–173 companies that reported it.

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

Price momentum
oversold
RSI (14)
26

At close. Not part of the score.

Profitability & returns32

How much profit it earns on the money it employs

Balance sheet29

How much it owes, and whether earnings cover the interest

Cash quality65

Whether reported profit actually arrives as cash

Growth & consistency43

Whether sales and profit have grown, and how steadily

Valuation93

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
Strengths
Makes a profit
Promoters hold 57%
No promoter shares pledged
Turns profit into real cash
Watch-outs
! Thin 2.4% net margin
! Sales down 27% vs last year
! Profit down 21% vs last year
! Low 6.0% return on equity

What if I invest in AGARIND?

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 10% a year, it would become
₹20.15 lakh

The starting rate is a round number, not a view on this company — 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 We do not publish price targets or predict returns.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
₹408 -0.45%
latest close · 2026-09-17
1-year return
+41.1%
52-wk low ₹28252-wk high ₹731
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 ratio14.7Low
LowAverageHigh
P/B ratio0.89Below book
Below bookModerateHigh
EV / EBITDA6.9Low
LowAverageHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity6.0%Weak
WeakFairStrong ▸15%
Return on capital9.2%Fair
WeakFairStrong
Net margin2.4%Thin
ThinDecentStrong
EBITDA margin7.5%Thin
ThinDecentHealthy
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity0.49Comfortable
LowModerateHigh ▸1
Interest cover3.6×Okay
RiskyOkayStrong ▸5×
Current ratio1.15Healthy
Tight ◂1HealthyAmple
More figures
Market cap
₹610 cr
Book value
₹461
EPS
₹6.92
latest quarter
Net debt
₹293 cr
owes more than its cash
Enterprise value
₹903 cr
EBITDA
₹130 cr
annualised
EBIT
₹75 cr
annualised
Operating margin
4.3%
Return on assets
3.4%
Earnings yield
6.79%
P/S
0.35
Sales / share
₹1,158.8
Tax rate
23.8%
Face value
₹10
Shares
1.5 cr
Working capital
₹58 cr
Current assets
₹441 cr
Current liabilities
₹383 cr
Delivery %
56.1%
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 2026-09-17.

Worth vs price · from the FY 2025 report & filings
not investment advice
Priced about rightMedium confidence
Median of 2 models ₹385 vs market price ₹408 — price is 6% above it
Safety cushion-6.0%(target ≥ +20%)
Models span ₹245₹524, midpoint ₹385
Model ₹385
Price ₹408
Cheap sideExpensive side

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 · Q1 FY27 (consolidated)
Revenue from Operations₹433 cr
Other Income₹3 cr
Total Income₹436 cr
Cost of Materials₹115 cr
Purchases of Stock-in-Trade₹137 cr
Inventory Change (±)₹63 cr
Employee Benefit Expense₹3 cr
Finance Costs₹5 cr
Depreciation & Amortisation₹14 cr
Other Expenses₹84 cr
Total Expenses₹422 cr
Profit before Tax₹14 cr
Tax Expense₹3 cr
Net Profit₹10 cr
Net margin on total income2.4%
Where the money goes · Q1 FY27
% of total income
Materials + stock-in-trade₹316 cr72.5%
Employee benefit expense₹3 cr0.7%
Finance costs₹5 cr1.2%
Depreciation & amortisation₹14 cr3.2%
Other expenses₹84 cr19.3%
Tax expense₹3 cr0.7%
Profit for the period₹10 cr2.4%
Total income ₹436 cradds up to ₹100 ✓
Quarterly results · consolidated (₹ cr)
MetricQ3 FY26Q4 FY26Q1 FY27
Revenue408 cr405 cr433 cr
Total income413 cr412 cr436 cr
Expenses408 cr391 cr422 cr
Profit before tax5 cr20 cr14 cr
Tax2 cr5 cr3 cr
Net profit (owners' share)3 cr16 cr10 cr
Net margin (owners' share, on revenue)0.7%3.9%2.4%
EPS (₹)1.8710.536.92
YoY (latest quarter): total income -26.7% · net profit -20.6%
Balance sheet & cash flow · as of Mar 2026
Low debt
Total assets
₹1,202 cr
Shareholder equity
₹689 cr
parent shareholders
Total debt
₹336 cr
Cash
₹43 cr
Cash flow · H1 FY26
Operating
₹94 cr
Investing
₹-61 cr
Financing
₹-39 cr
Peer comparison
Petrochemicals · by market value
CompanyPriceMarket capP/E
Supreme Petrochem Limited₹807₹15,175 cr16.0
SWAN CORP LIMITED₹290₹9,070 cr
Rain Industries Limited₹203₹6,828 cr5.8
Bhansali Engineering Polymers Limited₹127₹3,172 cr12.1
Manali Petrochemicals Limited₹82₹1,416 cr5.5
DCW Limited₹45₹1,341 cr9.7
Tamilnadu PetroProducts Limited₹127₹1,146 cr3.6
Pasupati Acrylon Limited₹70₹627 cr5.7
Agarwal Industrial Corporation Limitedthis company₹408₹610 cr14.7
Same industry · latest reported numbers · not a recommendation.
Corporate actions
Dividend yield
0.81%
trailing 12 months
Dividend / share (TTM)
₹3.3
Last dividend
₹3.3
ex 17 Sep 2026
ActionDetailEx-date
Dividend₹3.3 / share17 Sep 2026
Dividend₹3.3 / share16 Sep 2025
Dividend₹3 / share6 Sep 2024
Dividend₹2.5 / share8 Sep 2023
Dividend₹2 / share22 Sep 2022
Dividend₹1.8 / share22 Sep 2021
Who owns it · 2026-06-30
No pledge
Promoter
57.2%
FII / Foreign
2.4%
DII / Domestic
0.1%
Retail / others
40.4%
Smart-money activity
Insider trades
SoldAyushi Agarwal · Promoter Group2,50012 Jun 24
BoughtKishan Agarwal · Promoter Group2,50012 Jun 24
SoldSANCHI AGARWAL · Promoter Group4,50022 Mar 24
Bulk / block deals
BoughtSILVERLEAF CAPITAL SERVICES PRIVATE LIMITED · NSE84,994 @ ₹533.7828 Jul 26
SoldSILVERLEAF CAPITAL SERVICES PRIVATE LIMITED · NSE84,994 @ ₹535.1228 Jul 26
BoughtNK SECURITIES RESEARCH PRIVATE LIMITED · NSE1.99 L @ ₹535.8828 Jul 26
Stake changes
BoughtMr. Ramchandra Agarwal alonng with Other · promoter→ 13.85% · 2.43 L20 Oct 21
BoughtMr. Ramchandra Agarwal alonng with Other · promoter→ 0.00%20 Oct 21
BothNexpact Limited→ 0.00% · 5.00 L20 Oct 21
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 · 22 Sep 2025
See the official result
1
To receive, consider and adopt a) The Audited Standalone Financial Statement of the Company for the Financial Year ended March 31’ 2025 along with the Report of the Board of Directors and Independent Auditors thereon: and b) The Audited Consolidated Financial Statement of the Company for the Financial Year ended March 31’ 2025 along with the Report of the Independent Auditors thereon.
Backed by 100% of shareholders other than promotersneeded 50%
1.26 L votes for, 8 against · 0% of mutual funds and other big investors said no
2
To declare Dividend of Rs. 3.30 (Rupees Three and Thirty Paisa only) per Equity Share of Rs.10/- (Rupee Ten only) each fully paid up for the financial year 2024-25
Backed by 99% of shareholders other than promotersneeded 50%
1.25 L votes for, 888 against · 0% of mutual funds and other big investors said no
3
To appoint a Director in place of Mr. Ram Chandra Agarwal (DIN- 02064854), who retires by rotation and being eligible, offers himself for re-appointment
Backed by 79% of shareholders other than promotersneeded 50%
99,973 votes for, 26,042 against · 100% of mutual funds and other big investors said no
4
Omnibus Approval for Related Party Transactions for Financial Year 2025-26
Promoters had a personal stake in this
Backed by 79% of shareholders other than promotersneeded 75%
99,954 votes for, 26,061 against · 100% of mutual funds and other big investors said no

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 — 31 named members
owning 57.2% between them · as of 2026-06-30
JAI PRAKASH AGARWAL5.85%
MAHENDRA AGARWAL .5.53%
KISHAN AGARWAL .4.94%
JUGAL KISHORE AGARWAL3.84%
RAMCHANDRA AGARWAL3.76%
USHA AGARWAL .3.57%
LALIT AGARWAL3.53%
REKHA AGARWAL2.68%
Business done with them
FY2025 · 8 of the group
The company paid ₹4 cr to companies in the promoter group last year — about 0.2% of its ₹2,399 cr revenue.
Ramchandra Agarwal
Paid them for services · AS PER NOTE
also owns 3.76% of the company
₹90 L
company paid
Lalit Agarwal
Paid them for services · AS PER NOTE
also owns 3.53% of the company
₹90 L
company paid
Vipin Agarwal
Paid them for services · AS PER NOTE
also owns 1.90% of the company
₹42 L
company paid
Mahendra Agarwal
Paid them for services · AS PER NOTE
also owns 5.53% of the company
₹42 L
company paid
Yash Agarwal
Paid them for services · AS PER NOTE
also owns 0.41% of the company
₹30 L
company paid
Mukul Agarwal
Paid them for services · AS PER NOTE
also owns 0.64% of the company
₹30 L
company paid
Virel Agarwal
Paid them for services · AS PER NOTE
also owns 0.53% of the company
₹30 L
company paid
Nilesh Agarwal
Paid them for services · AS PER NOTE
also owns 2.24% of the company
₹21.6 L
company paid
Lalit Agarwal
Leases As Lessor · AS PER NOTE
also owns 3.53% of the company
₹16.2 L
company received

The company also transacted with 13 other related parties — subsidiaries, joint ventures, directors and others — that we could not match by name to the promoter list above. Some may still be connected to the family; we only count the ones the filings let us match with certainty.

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.