AROGRANITEConsumer Discretionary

Aro Granite Industries Limited

Granites & Marbles · ISIN INE210C01013 · BSE 513729 · NSE EQ · FV ₹10
Last price
₹23
+2.44%today
What this company does

Aro Granite Industries Limited operates in Granites & Marbles, part of the Consumer Discretionary sector. It booked ₹21 cr of revenue in its latest quarter (Q1 FY27) and kept -36.1% of sales as profit. It is the 5th largest of 6 Granites & Marbles companies we track, by market value.

Crafting Excellence in Granite and Quartz In line with our growth and diversification strategy, we expanded into quartz stone manufacturing in 2020. This Founded in 1989, Aro granite new venture, integrated within industries ltd. (AGIL) has ascended our Hosur facility, enhances our ability to meet the evolving needs to become India’s foremost of our esteemed clients.
In the report:
47out of 100
Equitytale Health Score
Mixed

Healthier than 47% of companies in Consumer Discretionary, on all six measures of filed financials. Each measure is ranked against the 301–421 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)
37

At close. Not part of the score.

Profitability & returns6

How much profit it earns on the money it employs

Balance sheet18

How much it owes, and whether earnings cover the interest

Cash quality87

Whether reported profit actually arrives as cash

Growth & consistency26

Whether sales and profit have grown, and how steadily

Valuation98

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
Some things to watch
Strengths
Promoters hold 41%
No promoter shares pledged
Watch-outs
! Currently loss-making
! Thin -36.1% net margin
! Sales down 24% vs last year
! Low -17.1% return on equity

What if I invest in AROGRANITE?

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 We do not publish price targets or predict returns.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
₹23 +2.44%
latest close · 2026-09-17
1-year return
-67.2%
52-wk low ₹2152-wk high ₹87
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/B ratio0.20Below book
Below bookModerateHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity-17.1%Loss
WeakFairStrong ▸15%
Return on capital-8.5%Loss
WeakFairStrong
Net margin-36.1%Loss
ThinDecentStrong
EBITDA margin-10.1%Loss
ThinDecentHealthy
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity0.87Moderate
LowModerateHigh ▸1
Interest cover-1.6×Risky
RiskyOkayStrong ▸5×
Current ratio1.47Healthy
Tight ◂1HealthyAmple
More figures
Market cap
₹35 cr
Book value
₹114
EPS
₹-4.83
latest quarter
Net debt
₹148 cr
owes more than its cash
Enterprise value
₹184 cr
EBITDA
₹-8 cr
annualised
EBIT
₹-18 cr
annualised
Operating margin
-22.1%
Return on assets
-7.6%
Earnings yield
P/S
0.43
Sales / share
₹53.9
Tax rate
Face value
₹10
Shares
1.5 cr
Working capital
₹84 cr
Current assets
₹263 cr
Current liabilities
₹179 cr
Delivery %
84.5%
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 2024 report & filings
not investment advice
Hard to value confidentlyLow confidence
One year's profit is a one-off (far above the multi-year norm), so its recurring earnings power is unclear.
Models span ₹34₹64, midpoint ₹49

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₹21 cr
Other Income₹58.3 L
Total Income₹21 cr
Cost of Materials₹11 cr
Purchases of Stock-in-Trade₹41.1 L
Inventory Change (±)₹4 cr
Employee Benefit Expense₹3 cr
Finance Costs₹3 cr
Depreciation & Amortisation₹2 cr
Other Expenses₹5 cr
Total Expenses₹29 cr
Profit before Tax₹-7 cr
Tax Expense₹-1.6 L
Net Profit₹-7 cr
Net margin on total income-35.2%
Where the money goes · Q1 FY27
% of total spend
Materials + stock-in-trade₹15 cr53.5%
Employee benefit expense₹3 cr9.7%
Finance costs₹3 cr10.2%
Depreciation & amortisation₹2 cr8.6%
Other expenses₹5 cr17.9%
Total income ₹21 cr

The company made a net loss of ₹7 cr this quarter — income covered only 74 of every ₹100 it spent on costs and tax.

Quarterly results · consolidated (₹ cr)
MetricQ3 FY26Q4 FY26Q1 FY27
Revenue15 cr12 cr21 cr
Total income20 cr14 cr21 cr
Expenses23 cr20 cr29 cr
Profit before tax-3 cr-6 cr-7 cr
Tax5.3 L1.8 L-1.6 L
Net profit (owners' share)-3 cr-6 cr-7 cr
Net margin (owners' share, on revenue)-20.2%-55.6%-36.1%
EPS (₹)-1.92-4.21-4.83
YoY (latest quarter): total income -22.8% · net profit
Balance sheet & cash flow · as of Mar 2026
Moderate debt
Total assets
₹394 cr
Shareholder equity
₹174 cr
parent shareholders
Total debt
₹152 cr
Cash
₹3 cr
Cash flow · H1 FY26
Operating
₹16 cr
Investing
₹16.4 L
Financing
₹-15 cr
Peer comparison
Granites & Marbles · by market value
CompanyPriceMarket capP/E
Midwest Limited₹976₹3,530 cr28.4
Pokarna Limited₹738₹2,287 cr13.4
Global Surfaces Limited₹28₹45 cr176.1
Oriental Trimex Limited₹5₹37 cr8.3
Aro Granite Industries Limitedthis company₹23₹35 cr
Madhav Marbles and Granites Limited₹35₹31 cr
Same industry · latest reported numbers · not a recommendation.
Corporate actions
Dividend yield
trailing 12 months
Dividend / share (TTM)
Last dividend
₹1
ex 23 Aug 2019
ActionDetailEx-date
Dividend₹1 / share23 Aug 2019
Dividend₹1 / share8 Sep 2017
Dividend₹1 / share1 Sep 2016
Dividend₹1 / share3 Sep 2015
Dividend₹1 / share28 Aug 2014
Bonus issue2:130 Oct 2013
Who owns it · 2026-06-30
No pledge
Promoter
41.1%
Public
58.9%
Smart-money activity
Insider trades
BoughtSUNIL KUMAR ARORA · Promoters18,225 · ₹12.7 L4 Dec 17
BoughtSAHIL ARORA · Promoters1.91 L17 Nov 17
SoldKASTURI LAL ARORA · Promoters3.48 L17 Nov 17
Bulk / block deals
SoldORION STOCKS LTD · NSE88,267 @ ₹33.892 Jan 26
BoughtORION STOCKS LTD · NSE67,181 @ ₹34.622 Jan 26
SoldRIMPY MITTAL · NSE99,748 @ ₹34.7427 Nov 25
Stake changes
SoldDilipkumar Lakhi→ 4.87% · 2.92 L10 Oct 23
SoldDilipkumar V Lakhi→ 6.77% · 3.04 L30 Jun 21
BothDilipkumar V Lakhi→ 8.75% · 1.06 L18 Jun 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 · 11 Sep 2026
See the official result
1
Adoption of Audited Financial Statements for the year ended 31st March 2026
Backed by 98% of shareholders other than promotersneeded 50%
4.29 L votes for, 8,467 against
2
Appointment of Mrs. Sujata Arora (DIN 00112866) Director who retires by rotation and being eligible offers herself for re-appointment.
Promoters had a personal stake in this
Backed by 98% of shareholders other than promotersneeded 50%
4.29 L votes for, 8,482 against
3
Re-appointment of Mr. Sunil Kumar Arora (DIN 00150668) as Managing Director of the Company for a further period of three years w.e.f. April 1, 2027
Promoters had a personal stake in this
Backed by 98% of shareholders other than promotersneeded 75%
4.29 L votes for, 8,482 against
4
Re-appointment of Mr. Sahil Arora (DIN 07970622) as Whole-Time Director of the Company for a further period of three years w.e.f. November 1, 2026.
Promoters had a personal stake in this
Backed by 98% of shareholders other than promotersneeded 75%
4.29 L votes for, 8,470 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 — 8 named members
owning 41.1% between them · as of 2026-06-30
SUNIL K ARORA33.16%
SUJATA ARORA3.93%
SAHIL ARORA1.98%
SHIVANI AGARWAL1.98%
GEETI ARORA0.01%
RAVI KUMAR ARORA0.01%
AMAN ARORAno shares
SUDERSHAN ARORAno shares

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.