Agarwal Industrial Corporation Ltd.
•₹ 491.80.01%
2026-08-21
ABOUT
KEY POINTS
Revenue Breakup Mar 2025 • Ancillary Infra - Bitumen & Allied Products: 96.6% • Logistics: 2.9% • Other: 0.5% • Windmill: 0.0%
PROS
- Company has delivered good profit growth of 29.4% CAGR over last 5 years
- Company has delivered good sales growth of 21.7% CAGR over last 5 years
- Company has a consistent dividend-paying track record
- Company comfortably covers its interest (6.1x coverage)
- Company maintains a comfortable, low leverage position
CONS
- Operating cash flow has been negative in recent years
- Recent results are weak - TTM profit is down 51.0% versus prior year
- Poor cash conversion - profits are not backed by operating cash flow (CFO/PAT 0.04x)
- Total debt has risen sharply - up 37.6% year on year
- Equity base is being diluted - shares outstanding up 13.2%
* The pros and cons are machine generated based on quantitative rules.
Peer comparison
EDIT COLUMNS| S.No. | Name | CMP Rs. | P/E | Mar Cap Rs.Cr. | Div Yld % | NP Qtr Rs.Cr. | Qtr Profit Var % | Sales Qtr Rs.Cr. | Qtr Sales Var % | ROCE % | OPM % |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 1. | SPLPETRO | 700.15 | 27.16 | 13165.71 | 1.50 | 2375.69 | 2795.42 | 17145.15 | 1122.99 | 33.63 | 19.39 |
| 2. | RAIN | 204.95 | 12.83 | 6893.40 | 0.49 | 340.99 | 310.85 | 5167.16 | 17.40 | 8.75 | 18.66 |
| 3. | TNPETRO | 114.84 | 7.26 | 1033.23 | 1.31 | 80.11 | 127.26 | 780.15 | 68.56 | 8.95 | 15.45 |
| 4. | KOTHARIPET | 134.30 | 82.83 | 790.31 | 0.74 | 17.02 | -3.16 | 146.50 | -8.82 | 28.75 | 14.91 |
| 5. | AGARIND | 492.75 | 18.03 | 737.05 | 0.67 | 10.35 | -20.58 | 433.31 | -27.00 | 17.28 | 6.89 |
Detailed Comparison with:
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
| Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 550 | 171 | 407 | 667 | 591 | 232 | 445 | 734 | 509 | 171 | 322 | 328 | 337 | |
| 529 | 161 | 381 | 642 | 570 | 223 | 420 | 709 | 492 | 164 | 313 | 313 | 330 | |
| Operating Profit | — | — | — | — | — | — | — | — | — | — | — | — | — |
| OPM % | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Other Income | 2 | 4 | 2 | 3 | 3 | 3 | 4 | 6 | 3 | 7 | 6 | 8 | 5 |
| Interest | 3 | 2 | 3 | 5 | 4 | 3 | 3 | 4 | 4 | 4 | 4 | 2 | 2 |
| Depreciation | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 2 | 3 |
| 17 | 8 | 22 | 20 | 18 | 7 | 23 | 24 | 14 | 7 | 8 | 18 | 12 | |
| Tax % | 25.28% | 25.65% | 25.46% | 27.14% | 25.96% | 27.39% | 25.98% | 25.27% | 25.70% | 26.22% | 23.54% | 25.65% | 26.00% |
| Net Profit | 13 | 6 | 16 | 14 | 14 | 5 | 17 | 18 | 10 | 5 | 6 | 13 | 9 |
| 9 | 4 | 11 | 10 | 9 | 3 | 12 | 12 | 7 | 3 | 4 | 9 | 1 | |
| Equity Capital | 15 | 15 | 15 | 15 | 15 | 15 | 15 | 15 | 15 | 15 | 15 | 15 | 15 |
| Reserves | 0 | 0 | 0 | 329 | 0 | 0 | 0 | 378 | 0 | 0 | 0 | 407 | 0 |
| Promoter Pledge % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Equity Capital | 15 | 15 | 15 | 15 | 15 | 15 | 15 | 15 | 15 | 15 | 15 | 15 | 15 |
| Reserves | 0 | 0 | 0 | 329 | 0 | 0 | 0 | 378 | 0 | 0 | 0 | 407 | 0 |
| Promoter Pledge % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Jun 2023
- 550
- 529
- Operating Profit
- —
- OPM %
- —
- Other Income
- 2
- Interest
- 3
- Depreciation
- 3
- 17
- Tax %
- 25.28%
- Net Profit
- 13
- 9
- Equity Capital
- 15
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 15
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Sep 2023
- 171
- 161
- Operating Profit
- —
- OPM %
- —
- Other Income
- 4
- Interest
- 2
- Depreciation
- 3
- 8
- Tax %
- 25.65%
- Net Profit
- 6
- 4
- Equity Capital
- 15
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 15
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Dec 2023
- 407
- 381
- Operating Profit
- —
- OPM %
- —
- Other Income
- 2
- Interest
- 3
- Depreciation
- 3
- 22
- Tax %
- 25.46%
- Net Profit
- 16
- 11
- Equity Capital
- 15
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 15
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Mar 2024
- 667
- 642
- Operating Profit
- —
- OPM %
- —
- Other Income
- 3
- Interest
- 5
- Depreciation
- 3
- 20
- Tax %
- 27.14%
- Net Profit
- 14
- 10
- Equity Capital
- 15
- Reserves
- 329
- Promoter Pledge %
- 0.00%
- Equity Capital
- 15
- Reserves
- 329
- Promoter Pledge %
- 0.00%
Jun 2024
- 591
- 570
- Operating Profit
- —
- OPM %
- —
- Other Income
- 3
- Interest
- 4
- Depreciation
- 3
- 18
- Tax %
- 25.96%
- Net Profit
- 14
- 9
- Equity Capital
- 15
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 15
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Sep 2024
- 232
- 223
- Operating Profit
- —
- OPM %
- —
- Other Income
- 3
- Interest
- 3
- Depreciation
- 3
- 7
- Tax %
- 27.39%
- Net Profit
- 5
- 3
- Equity Capital
- 15
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 15
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Dec 2024
- 445
- 420
- Operating Profit
- —
- OPM %
- —
- Other Income
- 4
- Interest
- 3
- Depreciation
- 3
- 23
- Tax %
- 25.98%
- Net Profit
- 17
- 12
- Equity Capital
- 15
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 15
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Mar 2025
- 734
- 709
- Operating Profit
- —
- OPM %
- —
- Other Income
- 6
- Interest
- 4
- Depreciation
- 3
- 24
- Tax %
- 25.27%
- Net Profit
- 18
- 12
- Equity Capital
- 15
- Reserves
- 378
- Promoter Pledge %
- 0.00%
- Equity Capital
- 15
- Reserves
- 378
- Promoter Pledge %
- 0.00%
Jun 2025
- 509
- 492
- Operating Profit
- —
- OPM %
- —
- Other Income
- 3
- Interest
- 4
- Depreciation
- 3
- 14
- Tax %
- 25.70%
- Net Profit
- 10
- 7
- Equity Capital
- 15
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 15
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Sep 2025
- 171
- 164
- Operating Profit
- —
- OPM %
- —
- Other Income
- 7
- Interest
- 4
- Depreciation
- 3
- 7
- Tax %
- 26.22%
- Net Profit
- 5
- 3
- Equity Capital
- 15
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 15
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Dec 2025
- 322
- 313
- Operating Profit
- —
- OPM %
- —
- Other Income
- 6
- Interest
- 4
- Depreciation
- 3
- 8
- Tax %
- 23.54%
- Net Profit
- 6
- 4
- Equity Capital
- 15
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 15
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Mar 2026
- 328
- 313
- Operating Profit
- —
- OPM %
- —
- Other Income
- 8
- Interest
- 2
- Depreciation
- 2
- 18
- Tax %
- 25.65%
- Net Profit
- 13
- 9
- Equity Capital
- 15
- Reserves
- 407
- Promoter Pledge %
- 0.00%
- Equity Capital
- 15
- Reserves
- 407
- Promoter Pledge %
- 0.00%
Jun 2026
- 337
- 330
- Operating Profit
- —
- OPM %
- —
- Other Income
- 5
- Interest
- 2
- Depreciation
- 3
- 12
- Tax %
- 26.00%
- Net Profit
- 9
- 1
- Equity Capital
- 15
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 15
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 278 | 294 | 411 | 529 | 752 | 833 | 1,405 | 1,761 | 1,794 | 2,003 | 1,159 | |
| 257 | 268 | 381 | 492 | 719 | 788 | 1,338 | 1,688 | 1,714 | 1,921 | 1,121 | |
| Operating Profit | 22 | 27 | 31 | 38 | 37 | 51 | 77 | 89 | 92 | 98 | — |
| OPM % | 8 | 9 | 8 | 7 | 5 | 6 | 6 | 5 | 5 | 5 | — |
| Other Income | 1 | 1 | 1 | 1 | 5 | 6 | 10 | 16 | 12 | 16 | 25 |
| Interest | 7 | 7 | 9 | 9 | 9 | 10 | 12 | 10 | 14 | 14 | 13 |
| Depreciation | 5 | 6 | 8 | 8 | 8 | 12 | 14 | 13 | 11 | 12 | 10 |
| 10 | 14 | 15 | 20 | 20 | 30 | 52 | 66 | 67 | 72 | 45 | |
| Tax % | 31 | 37 | 30 | 34 | 27 | 27 | 26 | 26 | 26 | 26 | 25 |
| Net Profit | 7 | 9 | 10 | 13 | 15 | 22 | 39 | 49 | 50 | 54 | 34 |
| EPS | 8 | 11 | 10 | 13 | 14 | 21 | 31 | 34 | 33 | 36 | — |
| Dividend Payout % | 18 | 17 | 15 | 14 | 10 | 9 | 7 | 8 | 9 | 9 | — |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share of Associates | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Adjusted EPS | 8 | 9 | 10 | 13 | 14 | 21 | 29 | 33 | 33 | 36 | — |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share of Associates | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Adjusted EPS | 8 | 9 | 10 | 13 | 14 | 21 | 29 | 33 | 33 | 36 | — |
Mar 2016
- 278
- 257
- Operating Profit
- 22
- OPM %
- 8
- Other Income
- 1
- Interest
- 7
- Depreciation
- 5
- 10
- Tax %
- 31
- Net Profit
- 7
- EPS
- 8
- Dividend Payout %
- 18
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 8
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 8
Mar 2017
- 294
- 268
- Operating Profit
- 27
- OPM %
- 9
- Other Income
- 1
- Interest
- 7
- Depreciation
- 6
- 14
- Tax %
- 37
- Net Profit
- 9
- EPS
- 11
- Dividend Payout %
- 17
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 9
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 9
Mar 2018
- 411
- 381
- Operating Profit
- 31
- OPM %
- 8
- Other Income
- 1
- Interest
- 9
- Depreciation
- 8
- 15
- Tax %
- 30
- Net Profit
- 10
- EPS
- 10
- Dividend Payout %
- 15
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 10
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 10
Mar 2019
- 529
- 492
- Operating Profit
- 38
- OPM %
- 7
- Other Income
- 1
- Interest
- 9
- Depreciation
- 8
- 20
- Tax %
- 34
- Net Profit
- 13
- EPS
- 13
- Dividend Payout %
- 14
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 13
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 13
Mar 2020
- 752
- 719
- Operating Profit
- 37
- OPM %
- 5
- Other Income
- 5
- Interest
- 9
- Depreciation
- 8
- 20
- Tax %
- 27
- Net Profit
- 15
- EPS
- 14
- Dividend Payout %
- 10
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 14
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 14
Mar 2021
- 833
- 788
- Operating Profit
- 51
- OPM %
- 6
- Other Income
- 6
- Interest
- 10
- Depreciation
- 12
- 30
- Tax %
- 27
- Net Profit
- 22
- EPS
- 21
- Dividend Payout %
- 9
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 21
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 21
Mar 2022
- 1,405
- 1,338
- Operating Profit
- 77
- OPM %
- 6
- Other Income
- 10
- Interest
- 12
- Depreciation
- 14
- 52
- Tax %
- 26
- Net Profit
- 39
- EPS
- 31
- Dividend Payout %
- 7
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 29
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 29
Mar 2023
- 1,761
- 1,688
- Operating Profit
- 89
- OPM %
- 5
- Other Income
- 16
- Interest
- 10
- Depreciation
- 13
- 66
- Tax %
- 26
- Net Profit
- 49
- EPS
- 34
- Dividend Payout %
- 8
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 33
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 33
Mar 2024
- 1,794
- 1,714
- Operating Profit
- 92
- OPM %
- 5
- Other Income
- 12
- Interest
- 14
- Depreciation
- 11
- 67
- Tax %
- 26
- Net Profit
- 50
- EPS
- 33
- Dividend Payout %
- 9
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 33
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 33
Mar 2025
- 2,003
- 1,921
- Operating Profit
- 98
- OPM %
- 5
- Other Income
- 16
- Interest
- 14
- Depreciation
- 12
- 72
- Tax %
- 26
- Net Profit
- 54
- EPS
- 36
- Dividend Payout %
- 9
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 36
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 36
TTM
- 1,159
- 1,121
- Operating Profit
- —
- OPM %
- —
- Other Income
- 25
- Interest
- 13
- Depreciation
- 10
- 45
- Tax %
- 25
- Net Profit
- 34
- EPS
- —
- Dividend Payout %
- —
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- —
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- —
COMPOUNDED SALES GROWTH
- 10 Years:
- 25%
- 5 Years:
- 22%
- 3 Years:
- 13%
COMPOUNDED PROFIT GROWTH
- 10 Years:
- 25%
- 5 Years:
- 29%
- 3 Years:
- 12%
STOCK PRICE CAGR
- 10 Years:
- 11%
- 5 Years:
- 10%
- 3 Years:
- -19%
- 1 Year:
- -40%
RETURN ON EQUITY
- 10 Years:
- 13%
- 5 Years:
- 16%
- 3 Years:
- 16%
- Last Year:
- 15%
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| LIABILITIES | - | - | - | - | - | - | - | - | - | - |
| Equity Capital | 8 | 10 | 10 | 10 | 10 | 10 | 13 | 15 | 15 | 15 |
| 61 | 96 | 108 | 123 | 135 | 155 | 220 | 283 | 329 | 378 | |
| 58 | 66 | 83 | 72 | 88 | 84 | 109 | 49 | 117 | 165 | |
| Trade Payables | 2 | 2 | 14 | 7 | 27 | 19 | 26 | 108 | 106 | 128 |
| 18 | 27 | 23 | 15 | 11 | 53 | 64 | 43 | 43 | 41 | |
| Total Liabilities | 147 | 201 | 238 | 226 | 272 | 321 | 432 | 497 | 610 | 726 |
| ASSETS | - | - | - | - | - | - | - | - | - | - |
| 37 | 41 | 59 | 54 | 47 | 70 | 72 | 66 | 74 | 63 | |
| Capital Work in Progress | 0 | 8 | 0 | 1 | 3 | 1 | 3 | 7 | 0 | 16 |
| 5 | 10 | 12 | 12 | 11 | 10 | 29 | 42 | 54 | 52 | |
| 7 | 17 | 36 | 27 | 25 | 45 | 62 | 108 | 124 | 187 | |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 217 | 230 | |
| Cash & Bank | 11 | 6 | 4 | 3 | 6 | 6 | 46 | 28 | 48 | 33 |
| 87 | 119 | 125 | 130 | 179 | 188 | 220 | 246 | 93 | 145 | |
| Total Assets | 147 | 201 | 238 | 226 | 272 | 321 | 432 | 497 | 610 | 726 |
| Total Debt | 65 | 74 | 96 | 77 | 90 | 105 | 124 | 60 | 132 | 182 |
| Net Working Capital | 41 | 68 | 75 | 84 | 97 | 126 | 117 | 176 | 210 | 222 |
| Contingent Liabilities | 10 | 10 | 6 | 6 | 6 | 31 | 32 | 92 | 79 | 59 |
| Book Value per Share | 86.61 | 104.63 | 115.12 | 129.59 | 141.76 | 161.34 | 176.31 | 199.03 | 229.68 | 262.57 |
| Face Value | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 |
| Total Debt | 65 | 74 | 96 | 77 | 90 | 105 | 124 | 60 | 132 | 182 |
| Net Working Capital | 41 | 68 | 75 | 84 | 97 | 126 | 117 | 176 | 210 | 222 |
| Contingent Liabilities | 10 | 10 | 6 | 6 | 6 | 31 | 32 | 92 | 79 | 59 |
| Book Value per Share | 86.61 | 104.63 | 115.12 | 129.59 | 141.76 | 161.34 | 176.31 | 199.03 | 229.68 | 262.57 |
| Face Value | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 |
Mar 2016
- Equity Capital
- 8
- 61
- 58
- Trade Payables
- 2
- 18
- Total Liabilities
- 147
- 37
- Capital Work in Progress
- 0
- 5
- 7
- 0
- Cash & Bank
- 11
- 87
- Total Assets
- 147
- Total Debt
- 65
- Net Working Capital
- 41
- Contingent Liabilities
- 10
- Book Value per Share
- 86.61
- Face Value
- 10.00
- Total Debt
- 65
- Net Working Capital
- 41
- Contingent Liabilities
- 10
- Book Value per Share
- 86.61
- Face Value
- 10.00
Mar 2017
- Equity Capital
- 10
- 96
- 66
- Trade Payables
- 2
- 27
- Total Liabilities
- 201
- 41
- Capital Work in Progress
- 8
- 10
- 17
- 0
- Cash & Bank
- 6
- 119
- Total Assets
- 201
- Total Debt
- 74
- Net Working Capital
- 68
- Contingent Liabilities
- 10
- Book Value per Share
- 104.63
- Face Value
- 10.00
- Total Debt
- 74
- Net Working Capital
- 68
- Contingent Liabilities
- 10
- Book Value per Share
- 104.63
- Face Value
- 10.00
Mar 2018
- Equity Capital
- 10
- 108
- 83
- Trade Payables
- 14
- 23
- Total Liabilities
- 238
- 59
- Capital Work in Progress
- 0
- 12
- 36
- 0
- Cash & Bank
- 4
- 125
- Total Assets
- 238
- Total Debt
- 96
- Net Working Capital
- 75
- Contingent Liabilities
- 6
- Book Value per Share
- 115.12
- Face Value
- 10.00
- Total Debt
- 96
- Net Working Capital
- 75
- Contingent Liabilities
- 6
- Book Value per Share
- 115.12
- Face Value
- 10.00
Mar 2019
- Equity Capital
- 10
- 123
- 72
- Trade Payables
- 7
- 15
- Total Liabilities
- 226
- 54
- Capital Work in Progress
- 1
- 12
- 27
- 0
- Cash & Bank
- 3
- 130
- Total Assets
- 226
- Total Debt
- 77
- Net Working Capital
- 84
- Contingent Liabilities
- 6
- Book Value per Share
- 129.59
- Face Value
- 10.00
- Total Debt
- 77
- Net Working Capital
- 84
- Contingent Liabilities
- 6
- Book Value per Share
- 129.59
- Face Value
- 10.00
Mar 2020
- Equity Capital
- 10
- 135
- 88
- Trade Payables
- 27
- 11
- Total Liabilities
- 272
- 47
- Capital Work in Progress
- 3
- 11
- 25
- 0
- Cash & Bank
- 6
- 179
- Total Assets
- 272
- Total Debt
- 90
- Net Working Capital
- 97
- Contingent Liabilities
- 6
- Book Value per Share
- 141.76
- Face Value
- 10.00
- Total Debt
- 90
- Net Working Capital
- 97
- Contingent Liabilities
- 6
- Book Value per Share
- 141.76
- Face Value
- 10.00
Mar 2021
- Equity Capital
- 10
- 155
- 84
- Trade Payables
- 19
- 53
- Total Liabilities
- 321
- 70
- Capital Work in Progress
- 1
- 10
- 45
- 0
- Cash & Bank
- 6
- 188
- Total Assets
- 321
- Total Debt
- 105
- Net Working Capital
- 126
- Contingent Liabilities
- 31
- Book Value per Share
- 161.34
- Face Value
- 10.00
- Total Debt
- 105
- Net Working Capital
- 126
- Contingent Liabilities
- 31
- Book Value per Share
- 161.34
- Face Value
- 10.00
Mar 2022
- Equity Capital
- 13
- 220
- 109
- Trade Payables
- 26
- 64
- Total Liabilities
- 432
- 72
- Capital Work in Progress
- 3
- 29
- 62
- 0
- Cash & Bank
- 46
- 220
- Total Assets
- 432
- Total Debt
- 124
- Net Working Capital
- 117
- Contingent Liabilities
- 32
- Book Value per Share
- 176.31
- Face Value
- 10.00
- Total Debt
- 124
- Net Working Capital
- 117
- Contingent Liabilities
- 32
- Book Value per Share
- 176.31
- Face Value
- 10.00
Mar 2023
- Equity Capital
- 15
- 283
- 49
- Trade Payables
- 108
- 43
- Total Liabilities
- 497
- 66
- Capital Work in Progress
- 7
- 42
- 108
- 0
- Cash & Bank
- 28
- 246
- Total Assets
- 497
- Total Debt
- 60
- Net Working Capital
- 176
- Contingent Liabilities
- 92
- Book Value per Share
- 199.03
- Face Value
- 10.00
- Total Debt
- 60
- Net Working Capital
- 176
- Contingent Liabilities
- 92
- Book Value per Share
- 199.03
- Face Value
- 10.00
Mar 2024
- Equity Capital
- 15
- 329
- 117
- Trade Payables
- 106
- 43
- Total Liabilities
- 610
- 74
- Capital Work in Progress
- 0
- 54
- 124
- 217
- Cash & Bank
- 48
- 93
- Total Assets
- 610
- Total Debt
- 132
- Net Working Capital
- 210
- Contingent Liabilities
- 79
- Book Value per Share
- 229.68
- Face Value
- 10.00
- Total Debt
- 132
- Net Working Capital
- 210
- Contingent Liabilities
- 79
- Book Value per Share
- 229.68
- Face Value
- 10.00
Mar 2025
- Equity Capital
- 15
- 378
- 165
- Trade Payables
- 128
- 41
- Total Liabilities
- 726
- 63
- Capital Work in Progress
- 16
- 52
- 187
- 230
- Cash & Bank
- 33
- 145
- Total Assets
- 726
- Total Debt
- 182
- Net Working Capital
- 222
- Contingent Liabilities
- 59
- Book Value per Share
- 262.57
- Face Value
- 10.00
- Total Debt
- 182
- Net Working Capital
- 222
- Contingent Liabilities
- 59
- Book Value per Share
- 262.57
- Face Value
- 10.00
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 12 | -11 | 7 | 29 | 21 | 29 | 29 | 61 | -26 | -29 | |
| Cash from Investing | -9 | -21 | -20 | -4 | -27 | -26 | -16 | -10 | -14 | -10 |
| Cash from Financing | -0 | 27 | 10 | -26 | 7 | 1 | 23 | -68 | 49 | 24 |
| 2 | -5 | -2 | -1 | 1 | 3 | 36 | -18 | 10 | -15 | |
| Free Cash Flow | -5 | -11 | -11 | 25 | 19 | 2 | 20 | 61 | -38 | -40 |
| OCF / Net Profit | 1.72 | -1.28 | 0.73 | 2.20 | 1.44 | 1.33 | 0.75 | 1.23 | -0.52 | -0.55 |
| Cumulative 5-Year FCF | 0 | 0 | 0 | 0 | 18 | 25 | 56 | 127 | 64 | 5 |
| OCF / Net Profit | 1.72 | -1.28 | 0.73 | 2.20 | 1.44 | 1.33 | 0.75 | 1.23 | -0.52 | -0.55 |
| Cumulative 5-Year FCF | 0 | 0 | 0 | 0 | 18 | 25 | 56 | 127 | 64 | 5 |
Mar 2016
- 12
- Cash from Investing
- -9
- Cash from Financing
- -0
- 2
- Free Cash Flow
- -5
- OCF / Net Profit
- 1.72
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 1.72
- Cumulative 5-Year FCF
- 0
Mar 2017
- -11
- Cash from Investing
- -21
- Cash from Financing
- 27
- -5
- Free Cash Flow
- -11
- OCF / Net Profit
- -1.28
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- -1.28
- Cumulative 5-Year FCF
- 0
Mar 2018
- 7
- Cash from Investing
- -20
- Cash from Financing
- 10
- -2
- Free Cash Flow
- -11
- OCF / Net Profit
- 0.73
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 0.73
- Cumulative 5-Year FCF
- 0
Mar 2019
- 29
- Cash from Investing
- -4
- Cash from Financing
- -26
- -1
- Free Cash Flow
- 25
- OCF / Net Profit
- 2.20
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 2.20
- Cumulative 5-Year FCF
- 0
Mar 2020
- 21
- Cash from Investing
- -27
- Cash from Financing
- 7
- 1
- Free Cash Flow
- 19
- OCF / Net Profit
- 1.44
- Cumulative 5-Year FCF
- 18
- OCF / Net Profit
- 1.44
- Cumulative 5-Year FCF
- 18
Mar 2021
- 29
- Cash from Investing
- -26
- Cash from Financing
- 1
- 3
- Free Cash Flow
- 2
- OCF / Net Profit
- 1.33
- Cumulative 5-Year FCF
- 25
- OCF / Net Profit
- 1.33
- Cumulative 5-Year FCF
- 25
Mar 2022
- 29
- Cash from Investing
- -16
- Cash from Financing
- 23
- 36
- Free Cash Flow
- 20
- OCF / Net Profit
- 0.75
- Cumulative 5-Year FCF
- 56
- OCF / Net Profit
- 0.75
- Cumulative 5-Year FCF
- 56
Mar 2023
- 61
- Cash from Investing
- -10
- Cash from Financing
- -68
- -18
- Free Cash Flow
- 61
- OCF / Net Profit
- 1.23
- Cumulative 5-Year FCF
- 127
- OCF / Net Profit
- 1.23
- Cumulative 5-Year FCF
- 127
Mar 2024
- -26
- Cash from Investing
- -14
- Cash from Financing
- 49
- 10
- Free Cash Flow
- -38
- OCF / Net Profit
- -0.52
- Cumulative 5-Year FCF
- 64
- OCF / Net Profit
- -0.52
- Cumulative 5-Year FCF
- 64
Mar 2025
- -29
- Cash from Investing
- -10
- Cash from Financing
- 24
- -15
- Free Cash Flow
- -40
- OCF / Net Profit
- -0.55
- Cumulative 5-Year FCF
- 5
- OCF / Net Profit
- -0.55
- Cumulative 5-Year FCF
- 5
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| PER SHARE | - | - | - | - | - | - | - | - | - | - |
| EPS (₹) | 8.41 | 8.75 | 9.94 | 12.88 | 14.39 | 21.01 | 29.20 | 32.99 | 33.17 | 35.85 |
| Book Value (₹) | 86.61 | 104.63 | 115.12 | 129.59 | 141.76 | 161.34 | 176.31 | 199.03 | 229.68 | 262.57 |
| Dividend per Share (₹) | 1.50 | 1.50 | 1.50 | 1.80 | 1.50 | 1.80 | 2.00 | 2.50 | 3.00 | 3.30 |
| Cash EPS (₹) | 14.93 | 14.39 | 18.01 | 21.00 | 22.13 | 32.51 | 39.42 | 41.53 | 40.82 | 43.74 |
| PROFITABILITY | - | - | - | - | - | - | - | - | - | - |
| Operating Margin % | 7.76% | 9.18% | 7.64% | 7.11% | 4.94% | 6.16% | 5.50% | 5.07% | 4.47% | 4.11% |
| Net Margin % | 2.42% | 3.02% | 2.48% | 2.50% | 1.96% | 2.59% | 2.74% | 2.80% | 2.76% | 2.68% |
| ROE % | 11.97% | 10.13% | 9.09% | 10.53% | 10.61% | 13.86% | 19.36% | 18.60% | 15.47% | 14.57% |
| ROCE % | 14.77% | 13.21% | 11.53% | 13.70% | 13.13% | 15.61% | 20.19% | 21.30% | 19.32% | 16.50% |
| 5.57% | 5.12% | 4.65% | 5.70% | 5.93% | 7.27% | 10.25% | 10.62% | 8.96% | 8.03% | |
| EFFICIENCY | - | - | - | - | - | - | - | - | - | - |
| Debtor Days | 77 | 112 | 96 | 78 | 61 | 57 | 33 | 31 | 39 | 41 |
| Inventory Days | 11 | 15 | 24 | 22 | 13 | 15 | 14 | 18 | 24 | 28 |
| Payable Days | 7 | 3 | 9 | 9 | 9 | 12 | 7 | 15 | 24 | 23 |
| 81 | 124 | 111 | 91 | 64 | 61 | 41 | 33 | 38 | 46 | |
| FINANCIAL HEALTH | - | - | - | - | - | - | - | - | - | - |
| Debt to Equity (x) | 0.94x | 0.69x | 0.81x | 0.58x | 0.62x | 0.64x | 0.53x | 0.20x | 0.38x | 0.46x |
| Interest Coverage (x) | 2.47x | 2.96x | 2.69x | 3.14x | 3.25x | 4.00x | 5.47x | 7.52x | 5.95x | 6.07x |
| 1.63x | 1.86x | 1.75x | 2.00x | 1.81x | 2.09x | 1.75x | 2.03x | 1.86x | 1.70x | |
| GROWTH | - | - | - | - | - | - | - | - | - | - |
| Revenue Growth % | 26.72% | 5.68% | 39.94% | 28.50% | 42.16% | 10.87% | 68.64% | 25.34% | 1.87% | 11.65% |
| Operating Profit Growth % | 30.85% | 25.20% | 16.27% | 19.52% | -1.10% | 38.11% | 50.62% | 15.56% | 2.91% | 7.08% |
| Net Profit Growth % | 16.15% | 32.15% | 14.75% | 29.52% | 11.72% | 45.99% | 78.94% | 27.96% | 0.53% | 8.11% |
| 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.53% | 8.11% | |
| VALUATION | - | - | - | - | - | - | - | - | - | - |
| P/E (x) | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 24.14x | 27.16x |
| P/B (x) | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 3.49x | 3.71x |
| Dividend Yield % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.37% | 0.34% |
| 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 13.95x | 16.31x |
Mar 2016
- EPS (₹)
- 8.41
- Book Value (₹)
- 86.61
- Dividend per Share (₹)
- 1.50
- Cash EPS (₹)
- 14.93
- Operating Margin %
- 7.76%
- Net Margin %
- 2.42%
- ROE %
- 11.97%
- ROCE %
- 14.77%
- 5.57%
- Debtor Days
- 77
- Inventory Days
- 11
- Payable Days
- 7
- 81
- Debt to Equity (x)
- 0.94x
- Interest Coverage (x)
- 2.47x
- 1.63x
- Revenue Growth %
- 26.72%
- Operating Profit Growth %
- 30.85%
- Net Profit Growth %
- 16.15%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2017
- EPS (₹)
- 8.75
- Book Value (₹)
- 104.63
- Dividend per Share (₹)
- 1.50
- Cash EPS (₹)
- 14.39
- Operating Margin %
- 9.18%
- Net Margin %
- 3.02%
- ROE %
- 10.13%
- ROCE %
- 13.21%
- 5.12%
- Debtor Days
- 112
- Inventory Days
- 15
- Payable Days
- 3
- 124
- Debt to Equity (x)
- 0.69x
- Interest Coverage (x)
- 2.96x
- 1.86x
- Revenue Growth %
- 5.68%
- Operating Profit Growth %
- 25.20%
- Net Profit Growth %
- 32.15%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2018
- EPS (₹)
- 9.94
- Book Value (₹)
- 115.12
- Dividend per Share (₹)
- 1.50
- Cash EPS (₹)
- 18.01
- Operating Margin %
- 7.64%
- Net Margin %
- 2.48%
- ROE %
- 9.09%
- ROCE %
- 11.53%
- 4.65%
- Debtor Days
- 96
- Inventory Days
- 24
- Payable Days
- 9
- 111
- Debt to Equity (x)
- 0.81x
- Interest Coverage (x)
- 2.69x
- 1.75x
- Revenue Growth %
- 39.94%
- Operating Profit Growth %
- 16.27%
- Net Profit Growth %
- 14.75%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2019
- EPS (₹)
- 12.88
- Book Value (₹)
- 129.59
- Dividend per Share (₹)
- 1.80
- Cash EPS (₹)
- 21.00
- Operating Margin %
- 7.11%
- Net Margin %
- 2.50%
- ROE %
- 10.53%
- ROCE %
- 13.70%
- 5.70%
- Debtor Days
- 78
- Inventory Days
- 22
- Payable Days
- 9
- 91
- Debt to Equity (x)
- 0.58x
- Interest Coverage (x)
- 3.14x
- 2.00x
- Revenue Growth %
- 28.50%
- Operating Profit Growth %
- 19.52%
- Net Profit Growth %
- 29.52%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2020
- EPS (₹)
- 14.39
- Book Value (₹)
- 141.76
- Dividend per Share (₹)
- 1.50
- Cash EPS (₹)
- 22.13
- Operating Margin %
- 4.94%
- Net Margin %
- 1.96%
- ROE %
- 10.61%
- ROCE %
- 13.13%
- 5.93%
- Debtor Days
- 61
- Inventory Days
- 13
- Payable Days
- 9
- 64
- Debt to Equity (x)
- 0.62x
- Interest Coverage (x)
- 3.25x
- 1.81x
- Revenue Growth %
- 42.16%
- Operating Profit Growth %
- -1.10%
- Net Profit Growth %
- 11.72%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2021
- EPS (₹)
- 21.01
- Book Value (₹)
- 161.34
- Dividend per Share (₹)
- 1.80
- Cash EPS (₹)
- 32.51
- Operating Margin %
- 6.16%
- Net Margin %
- 2.59%
- ROE %
- 13.86%
- ROCE %
- 15.61%
- 7.27%
- Debtor Days
- 57
- Inventory Days
- 15
- Payable Days
- 12
- 61
- Debt to Equity (x)
- 0.64x
- Interest Coverage (x)
- 4.00x
- 2.09x
- Revenue Growth %
- 10.87%
- Operating Profit Growth %
- 38.11%
- Net Profit Growth %
- 45.99%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2022
- EPS (₹)
- 29.20
- Book Value (₹)
- 176.31
- Dividend per Share (₹)
- 2.00
- Cash EPS (₹)
- 39.42
- Operating Margin %
- 5.50%
- Net Margin %
- 2.74%
- ROE %
- 19.36%
- ROCE %
- 20.19%
- 10.25%
- Debtor Days
- 33
- Inventory Days
- 14
- Payable Days
- 7
- 41
- Debt to Equity (x)
- 0.53x
- Interest Coverage (x)
- 5.47x
- 1.75x
- Revenue Growth %
- 68.64%
- Operating Profit Growth %
- 50.62%
- Net Profit Growth %
- 78.94%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2023
- EPS (₹)
- 32.99
- Book Value (₹)
- 199.03
- Dividend per Share (₹)
- 2.50
- Cash EPS (₹)
- 41.53
- Operating Margin %
- 5.07%
- Net Margin %
- 2.80%
- ROE %
- 18.60%
- ROCE %
- 21.30%
- 10.62%
- Debtor Days
- 31
- Inventory Days
- 18
- Payable Days
- 15
- 33
- Debt to Equity (x)
- 0.20x
- Interest Coverage (x)
- 7.52x
- 2.03x
- Revenue Growth %
- 25.34%
- Operating Profit Growth %
- 15.56%
- Net Profit Growth %
- 27.96%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2024
- EPS (₹)
- 33.17
- Book Value (₹)
- 229.68
- Dividend per Share (₹)
- 3.00
- Cash EPS (₹)
- 40.82
- Operating Margin %
- 4.47%
- Net Margin %
- 2.76%
- ROE %
- 15.47%
- ROCE %
- 19.32%
- 8.96%
- Debtor Days
- 39
- Inventory Days
- 24
- Payable Days
- 24
- 38
- Debt to Equity (x)
- 0.38x
- Interest Coverage (x)
- 5.95x
- 1.86x
- Revenue Growth %
- 1.87%
- Operating Profit Growth %
- 2.91%
- Net Profit Growth %
- 0.53%
- 0.53%
- P/E (x)
- 24.14x
- P/B (x)
- 3.49x
- Dividend Yield %
- 0.37%
- 13.95x
Mar 2025
- EPS (₹)
- 35.85
- Book Value (₹)
- 262.57
- Dividend per Share (₹)
- 3.30
- Cash EPS (₹)
- 43.74
- Operating Margin %
- 4.11%
- Net Margin %
- 2.68%
- ROE %
- 14.57%
- ROCE %
- 16.50%
- 8.03%
- Debtor Days
- 41
- Inventory Days
- 28
- Payable Days
- 23
- 46
- Debt to Equity (x)
- 0.46x
- Interest Coverage (x)
- 6.07x
- 1.70x
- Revenue Growth %
- 11.65%
- Operating Profit Growth %
- 7.08%
- Net Profit Growth %
- 8.11%
- 8.11%
- P/E (x)
- 27.16x
- P/B (x)
- 3.71x
- Dividend Yield %
- 0.34%
- 16.31x
Documents
Announcements
- Copy of Newspaper Publication
2026-08-18 - Agarwal Industrial Corporation Limited has informed the Exchange about Copy of Newspaper Publication
- Record Date
2026-08-13 - Agarwal Industrial Corporation Limited has informed the Exchange that Record date for the purpose of Dividend is 17-Sep-2026.
Annual Reports
Credit Ratings
Nothing filed yet.
Concalls
Aug 2025
Jun 2025
Mar 2025