NR Agarwal Industries Ltd.
•₹ 503.850.05%
2026-08-21
PROS
- Latest quarter profit grew 111.3% YoY, showing strong momentum
- Strong cash generation - operating cash flow backs reported profits (CFO/PAT 2.17x)
- Working capital cycle has improved - days down from 29 to 13
CONS
- A large part of profit comes from other income (62.4% of PBT)
- Company has a low return on capital employed of 9.4%
- Company has a low return on equity of 8.6% over last 3 years
- Interest coverage is weak at 1.9x - earnings barely cover interest
- Company has delivered a poor profit growth of -5.3% over past five years
- Operating margins have contracted to 7.5% from 11.2%
* 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. | JKPAPER | 378.80 | 21.18 | 6868.36 | 1.06 | 136.27 | 59.49 | 1887.17 | 12.72 | 7.80 | 15.39 |
| 2. | WSTCSTPAPR | 614.95 | 17.68 | 4061.68 | 0.49 | 141.84 | 135.37 | 1051.26 | 10.12 | 7.11 | 19.34 |
| 3. | SESHAPAPER | 226.55 | 14.43 | 1428.81 | 0.88 | 31.91 | 106.80 | 492.08 | 27.68 | 5.60 | 8.85 |
| 4. | ANDHRAPAP | 60.98 | 0.00 | 1212.59 | 0.82 | 303.16 | 1322.95 | 3937.71 | 900.89 | 1.99 | 12.39 |
| 5. | TNPL | 138.45 | 0.00 | 958.22 | 2.89 | 57.40 | 874.63 | 11466.40 | 903.98 | 5.85 | 10.02 |
| 6. | NRAIL | 501.20 | 0.00 | 853.00 | 0.40 | 34.98 | 111.33 | 646.96 | 43.09 | 8.25 | 11.48 |
| 7. | PDMJEPAPER | 87.44 | 0.00 | 830.24 | 0.69 | 33.72 | -6.95 | 202.92 | 3.29 | 20.10 | 17.53 |
| 8. | KUANTUM | 78.92 | 0.00 | 688.68 | 3.17 | 6.23 | -48.34 | 303.75 | 36.87 | 5.24 | 13.20 |
| 9. | SATIA | 58.03 | 0.00 | 580.30 | 0.69 | -171.20 | -641.72 | 3618.15 | 875.45 | 10.53 | 14.04 |
| 10. | BBTCL | 245.95 | 15.16 | 504.47 | 0.00 | 14.39 | 727.77 | 180.47 | 18.53 | 3.03 | 18.69 |
| 11. | RAMANEWS | 32.50 | 0.00 | 479.45 | 0.00 | -10.50 | -29.46 | 9.72 | 6.02 | 1.87 | -7.68 |
| 12. | PAKKA | 88.56 | 11.25 | 422.15 | 0.00 | 58.91 | 3950.33 | 1171.87 | 1329.69 | 10.74 | 13.05 |
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 369 | 342 | 336 | 247 | 347 | 428 | 418 | 466 | 452 | 525 | 563 | 605 | 647 | |
| 322 | 294 | 288 | 211 | 319 | 401 | 389 | 438 | 436 | 481 | 506 | 549 | 607 | |
| Operating Profit | — | — | — | — | — | — | — | — | — | — | — | — | — |
| OPM % | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Other Income | 3 | 2 | 2 | 0 | 7 | 9 | 14 | 1 | 26 | -6 | 3 | 0 | 6 |
| Interest | 2 | 1 | 2 | 5 | 13 | 16 | 16 | 16 | 16 | 17 | 16 | 16 | 16 |
| Depreciation | 9 | 9 | 9 | 10 | 16 | 16 | 17 | 16 | 17 | 17 | 17 | 18 | 18 |
| 39 | 39 | 39 | 21 | 6 | 4 | 9 | -3 | 10 | -0 | 26 | 24 | 46 | |
| Tax % | -4.86% | 3.45% | 19.10% | 25.21% | 42.47% | -101.94% | -37.47% | -104.19% | -68.60% | -359.37% | 45.01% | 40.59% | 23.57% |
| Net Profit | 41 | 38 | 31 | 16 | 3 | 8 | 13 | -7 | 17 | -1 | 14 | 14 | 35 |
| 24 | 22 | 18 | 9 | 2 | 5 | 7 | -4 | 10 | -1 | 8 | 8 | 2 | |
| Equity Capital | 17 | 17 | 17 | 17 | 17 | 17 | 17 | 17 | 17 | 17 | 17 | 17 | 17 |
| Reserves | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 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 | 17 | 17 | 17 | 17 | 17 | 17 | 17 | 17 | 17 | 17 | 17 | 17 | 17 |
| Reserves | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 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
- 369
- 322
- Operating Profit
- —
- OPM %
- —
- Other Income
- 3
- Interest
- 2
- Depreciation
- 9
- 39
- Tax %
- -4.86%
- Net Profit
- 41
- 24
- Equity Capital
- 17
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 17
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Sep 2023
- 342
- 294
- Operating Profit
- —
- OPM %
- —
- Other Income
- 2
- Interest
- 1
- Depreciation
- 9
- 39
- Tax %
- 3.45%
- Net Profit
- 38
- 22
- Equity Capital
- 17
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 17
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Dec 2023
- 336
- 288
- Operating Profit
- —
- OPM %
- —
- Other Income
- 2
- Interest
- 2
- Depreciation
- 9
- 39
- Tax %
- 19.10%
- Net Profit
- 31
- 18
- Equity Capital
- 17
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 17
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Mar 2024
- 247
- 211
- Operating Profit
- —
- OPM %
- —
- Other Income
- 0
- Interest
- 5
- Depreciation
- 10
- 21
- Tax %
- 25.21%
- Net Profit
- 16
- 9
- Equity Capital
- 17
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 17
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Jun 2024
- 347
- 319
- Operating Profit
- —
- OPM %
- —
- Other Income
- 7
- Interest
- 13
- Depreciation
- 16
- 6
- Tax %
- 42.47%
- Net Profit
- 3
- 2
- Equity Capital
- 17
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 17
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Sep 2024
- 428
- 401
- Operating Profit
- —
- OPM %
- —
- Other Income
- 9
- Interest
- 16
- Depreciation
- 16
- 4
- Tax %
- -101.94%
- Net Profit
- 8
- 5
- Equity Capital
- 17
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 17
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Dec 2024
- 418
- 389
- Operating Profit
- —
- OPM %
- —
- Other Income
- 14
- Interest
- 16
- Depreciation
- 17
- 9
- Tax %
- -37.47%
- Net Profit
- 13
- 7
- Equity Capital
- 17
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 17
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Mar 2025
- 466
- 438
- Operating Profit
- —
- OPM %
- —
- Other Income
- 1
- Interest
- 16
- Depreciation
- 16
- -3
- Tax %
- -104.19%
- Net Profit
- -7
- -4
- Equity Capital
- 17
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 17
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Jun 2025
- 452
- 436
- Operating Profit
- —
- OPM %
- —
- Other Income
- 26
- Interest
- 16
- Depreciation
- 17
- 10
- Tax %
- -68.60%
- Net Profit
- 17
- 10
- Equity Capital
- 17
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 17
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Sep 2025
- 525
- 481
- Operating Profit
- —
- OPM %
- —
- Other Income
- -6
- Interest
- 17
- Depreciation
- 17
- -0
- Tax %
- -359.37%
- Net Profit
- -1
- -1
- Equity Capital
- 17
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 17
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Dec 2025
- 563
- 506
- Operating Profit
- —
- OPM %
- —
- Other Income
- 3
- Interest
- 16
- Depreciation
- 17
- 26
- Tax %
- 45.01%
- Net Profit
- 14
- 8
- Equity Capital
- 17
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 17
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Mar 2026
- 605
- 549
- Operating Profit
- —
- OPM %
- —
- Other Income
- 0
- Interest
- 16
- Depreciation
- 18
- 24
- Tax %
- 40.59%
- Net Profit
- 14
- 8
- Equity Capital
- 17
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 17
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Jun 2026
- 647
- 607
- Operating Profit
- —
- OPM %
- —
- Other Income
- 6
- Interest
- 16
- Depreciation
- 18
- 46
- Tax %
- 23.57%
- Net Profit
- 35
- 2
- Equity Capital
- 17
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 17
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 1,044 | 1,190 | 1,318 | 1,405 | 1,146 | 1,617 | 1,766 | 1,293 | 1,659 | 2,145 | 2,340 | |
| 906 | 1,033 | 1,134 | 1,189 | 1,013 | 1,474 | 1,582 | 1,115 | 1,549 | 1,985 | 2,142 | |
| Operating Profit | 144 | 164 | 193 | 228 | 141 | 154 | 197 | 186 | 142 | 198 | — |
| OPM % | 14 | 14 | 15 | 16 | 12 | 10 | 11 | 14 | 9 | 9 | — |
| Other Income | 6 | 6 | 8 | 12 | 8 | 11 | 13 | 8 | 33 | 37 | 4 |
| Interest | 43 | 40 | 35 | 36 | 30 | 25 | 14 | 11 | 61 | 64 | 65 |
| Depreciation | 25 | 26 | 27 | 32 | 33 | 34 | 36 | 37 | 66 | 69 | 70 |
| 78 | 97 | 131 | 161 | 78 | 95 | 148 | 138 | 16 | 60 | 96 | |
| Tax % | 36 | 7 | 28 | 27 | 26 | 36 | 33 | 9 | -11 | 27 | 35 |
| Net Profit | 50 | 90 | 95 | 117 | 57 | 61 | 99 | 125 | 18 | 44 | 62 |
| EPS | 0 | 0 | 0 | 0 | 34 | 36 | 58 | 74 | 10 | 26 | — |
| Dividend Payout % | 7 | 6 | 7 | 0 | 3 | 0 | 0 | 3 | 19 | 8 | — |
| 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 | 29 | 53 | 56 | 69 | 34 | 36 | 58 | 74 | 10 | 26 | — |
| 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 | 29 | 53 | 56 | 69 | 34 | 36 | 58 | 74 | 10 | 26 | — |
Mar 2017
- 1,044
- 906
- Operating Profit
- 144
- OPM %
- 14
- Other Income
- 6
- Interest
- 43
- Depreciation
- 25
- 78
- Tax %
- 36
- Net Profit
- 50
- EPS
- 0
- Dividend Payout %
- 7
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 29
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 29
Mar 2018
- 1,190
- 1,033
- Operating Profit
- 164
- OPM %
- 14
- Other Income
- 6
- Interest
- 40
- Depreciation
- 26
- 97
- Tax %
- 7
- Net Profit
- 90
- EPS
- 0
- Dividend Payout %
- 6
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 53
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 53
Mar 2019
- 1,318
- 1,134
- Operating Profit
- 193
- OPM %
- 15
- Other Income
- 8
- Interest
- 35
- Depreciation
- 27
- 131
- Tax %
- 28
- Net Profit
- 95
- EPS
- 0
- Dividend Payout %
- 7
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 56
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 56
Mar 2020
- 1,405
- 1,189
- Operating Profit
- 228
- OPM %
- 16
- Other Income
- 12
- Interest
- 36
- Depreciation
- 32
- 161
- Tax %
- 27
- Net Profit
- 117
- EPS
- 0
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 69
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 69
Mar 2021
- 1,146
- 1,013
- Operating Profit
- 141
- OPM %
- 12
- Other Income
- 8
- Interest
- 30
- Depreciation
- 33
- 78
- Tax %
- 26
- Net Profit
- 57
- EPS
- 34
- Dividend Payout %
- 3
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 34
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 34
Mar 2022
- 1,617
- 1,474
- Operating Profit
- 154
- OPM %
- 10
- Other Income
- 11
- Interest
- 25
- Depreciation
- 34
- 95
- Tax %
- 36
- Net Profit
- 61
- EPS
- 36
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 36
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 36
Mar 2023
- 1,766
- 1,582
- Operating Profit
- 197
- OPM %
- 11
- Other Income
- 13
- Interest
- 14
- Depreciation
- 36
- 148
- Tax %
- 33
- Net Profit
- 99
- EPS
- 58
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 58
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 58
Mar 2024
- 1,293
- 1,115
- Operating Profit
- 186
- OPM %
- 14
- Other Income
- 8
- Interest
- 11
- Depreciation
- 37
- 138
- Tax %
- 9
- Net Profit
- 125
- EPS
- 74
- Dividend Payout %
- 3
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 74
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 74
Mar 2025
- 1,659
- 1,549
- Operating Profit
- 142
- OPM %
- 9
- Other Income
- 33
- Interest
- 61
- Depreciation
- 66
- 16
- Tax %
- -11
- Net Profit
- 18
- EPS
- 10
- Dividend Payout %
- 19
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 10
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 10
Mar 2026
- 2,145
- 1,985
- Operating Profit
- 198
- OPM %
- 9
- Other Income
- 37
- Interest
- 64
- Depreciation
- 69
- 60
- Tax %
- 27
- Net Profit
- 44
- EPS
- 26
- Dividend Payout %
- 8
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 26
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 26
TTM
- 2,340
- 2,142
- Operating Profit
- —
- OPM %
- —
- Other Income
- 4
- Interest
- 65
- Depreciation
- 70
- 96
- Tax %
- 35
- Net Profit
- 62
- 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:
- 9%
- 5 Years:
- 13%
- 3 Years:
- 7%
COMPOUNDED PROFIT GROWTH
- 10 Years:
- 9%
- 5 Years:
- -5%
- 3 Years:
- -24%
STOCK PRICE CAGR
- 10 Years:
- —
- 5 Years:
- 10%
- 3 Years:
- 17%
- 1 Year:
- 41%
RETURN ON EQUITY
- 10 Years:
- 23%
- 5 Years:
- 11%
- 3 Years:
- 9%
- Last Year:
- 5%
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| LIABILITIES | - | - | - | - | - | - | - | - | - | - |
| Equity Capital | 17 | 17 | 17 | 17 | 17 | 17 | 17 | 17 | 17 | 17 |
| 116 | 202 | 295 | 402 | 459 | 519 | 619 | 743 | 758 | 798 | |
| 113 | 136 | 136 | 71 | 122 | 107 | 2 | 72 | 76 | 137 | |
| Trade Payables | 56 | 45 | 65 | 85 | 135 | 150 | 95 | 63 | 230 | 247 |
| 357 | 303 | 291 | 291 | 199 | 207 | 312 | 671 | 689 | 832 | |
| Total Liabilities | 659 | 703 | 805 | 865 | 933 | 1,001 | 1,045 | 1,567 | 1,770 | 2,031 |
| ASSETS | - | - | - | - | - | - | - | - | - | - |
| 436 | 464 | 526 | 572 | 584 | 501 | 483 | 1,135 | 1,197 | 1,221 | |
| Capital Work in Progress | 25 | 21 | 21 | 20 | 28 | 28 | 122 | 29 | 20 | 227 |
| 1 | 0 | 0 | 0 | 0 | 0 | 1 | 21 | 101 | 13 | |
| 63 | 69 | 104 | 103 | 139 | 151 | 130 | 169 | 168 | 254 | |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 87 | 186 | 247 | |
| Cash & Bank | 5 | 8 | 6 | 6 | 7 | 6 | 50 | 18 | 2 | 5 |
| 129 | 141 | 147 | 164 | 174 | 314 | 260 | 107 | 96 | 65 | |
| Total Assets | 659 | 703 | 805 | 865 | 933 | 1,001 | 1,045 | 1,567 | 1,770 | 2,031 |
| Total Debt | 300 | 289 | 297 | 202 | 169 | 143 | 135 | 553 | 621 | 789 |
| Net Working Capital | -2 | 5 | 22 | 64 | 10 | 43 | 190 | 130 | 130 | 76 |
| Contingent Liabilities | 22 | 26 | 31 | 27 | 22 | 10 | 12 | 56 | 38 | 38 |
| Book Value per Share | 78.25 | 128.91 | 183.53 | 246.07 | 279.98 | 314.97 | 373.48 | 446.73 | 455.13 | 479.11 |
| Face Value | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 |
| Total Debt | 300 | 289 | 297 | 202 | 169 | 143 | 135 | 553 | 621 | 789 |
| Net Working Capital | -2 | 5 | 22 | 64 | 10 | 43 | 190 | 130 | 130 | 76 |
| Contingent Liabilities | 22 | 26 | 31 | 27 | 22 | 10 | 12 | 56 | 38 | 38 |
| Book Value per Share | 78.25 | 128.91 | 183.53 | 246.07 | 279.98 | 314.97 | 373.48 | 446.73 | 455.13 | 479.11 |
| Face Value | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 |
Mar 2017
- Equity Capital
- 17
- 116
- 113
- Trade Payables
- 56
- 357
- Total Liabilities
- 659
- 436
- Capital Work in Progress
- 25
- 1
- 63
- 0
- Cash & Bank
- 5
- 129
- Total Assets
- 659
- Total Debt
- 300
- Net Working Capital
- -2
- Contingent Liabilities
- 22
- Book Value per Share
- 78.25
- Face Value
- 10.00
- Total Debt
- 300
- Net Working Capital
- -2
- Contingent Liabilities
- 22
- Book Value per Share
- 78.25
- Face Value
- 10.00
Mar 2018
- Equity Capital
- 17
- 202
- 136
- Trade Payables
- 45
- 303
- Total Liabilities
- 703
- 464
- Capital Work in Progress
- 21
- 0
- 69
- 0
- Cash & Bank
- 8
- 141
- Total Assets
- 703
- Total Debt
- 289
- Net Working Capital
- 5
- Contingent Liabilities
- 26
- Book Value per Share
- 128.91
- Face Value
- 10.00
- Total Debt
- 289
- Net Working Capital
- 5
- Contingent Liabilities
- 26
- Book Value per Share
- 128.91
- Face Value
- 10.00
Mar 2019
- Equity Capital
- 17
- 295
- 136
- Trade Payables
- 65
- 291
- Total Liabilities
- 805
- 526
- Capital Work in Progress
- 21
- 0
- 104
- 0
- Cash & Bank
- 6
- 147
- Total Assets
- 805
- Total Debt
- 297
- Net Working Capital
- 22
- Contingent Liabilities
- 31
- Book Value per Share
- 183.53
- Face Value
- 10.00
- Total Debt
- 297
- Net Working Capital
- 22
- Contingent Liabilities
- 31
- Book Value per Share
- 183.53
- Face Value
- 10.00
Mar 2020
- Equity Capital
- 17
- 402
- 71
- Trade Payables
- 85
- 291
- Total Liabilities
- 865
- 572
- Capital Work in Progress
- 20
- 0
- 103
- 0
- Cash & Bank
- 6
- 164
- Total Assets
- 865
- Total Debt
- 202
- Net Working Capital
- 64
- Contingent Liabilities
- 27
- Book Value per Share
- 246.07
- Face Value
- 10.00
- Total Debt
- 202
- Net Working Capital
- 64
- Contingent Liabilities
- 27
- Book Value per Share
- 246.07
- Face Value
- 10.00
Mar 2021
- Equity Capital
- 17
- 459
- 122
- Trade Payables
- 135
- 199
- Total Liabilities
- 933
- 584
- Capital Work in Progress
- 28
- 0
- 139
- 0
- Cash & Bank
- 7
- 174
- Total Assets
- 933
- Total Debt
- 169
- Net Working Capital
- 10
- Contingent Liabilities
- 22
- Book Value per Share
- 279.98
- Face Value
- 10.00
- Total Debt
- 169
- Net Working Capital
- 10
- Contingent Liabilities
- 22
- Book Value per Share
- 279.98
- Face Value
- 10.00
Mar 2022
- Equity Capital
- 17
- 519
- 107
- Trade Payables
- 150
- 207
- Total Liabilities
- 1,001
- 501
- Capital Work in Progress
- 28
- 0
- 151
- 0
- Cash & Bank
- 6
- 314
- Total Assets
- 1,001
- Total Debt
- 143
- Net Working Capital
- 43
- Contingent Liabilities
- 10
- Book Value per Share
- 314.97
- Face Value
- 10.00
- Total Debt
- 143
- Net Working Capital
- 43
- Contingent Liabilities
- 10
- Book Value per Share
- 314.97
- Face Value
- 10.00
Mar 2023
- Equity Capital
- 17
- 619
- 2
- Trade Payables
- 95
- 312
- Total Liabilities
- 1,045
- 483
- Capital Work in Progress
- 122
- 1
- 130
- 0
- Cash & Bank
- 50
- 260
- Total Assets
- 1,045
- Total Debt
- 135
- Net Working Capital
- 190
- Contingent Liabilities
- 12
- Book Value per Share
- 373.48
- Face Value
- 10.00
- Total Debt
- 135
- Net Working Capital
- 190
- Contingent Liabilities
- 12
- Book Value per Share
- 373.48
- Face Value
- 10.00
Mar 2024
- Equity Capital
- 17
- 743
- 72
- Trade Payables
- 63
- 671
- Total Liabilities
- 1,567
- 1,135
- Capital Work in Progress
- 29
- 21
- 169
- 87
- Cash & Bank
- 18
- 107
- Total Assets
- 1,567
- Total Debt
- 553
- Net Working Capital
- 130
- Contingent Liabilities
- 56
- Book Value per Share
- 446.73
- Face Value
- 10.00
- Total Debt
- 553
- Net Working Capital
- 130
- Contingent Liabilities
- 56
- Book Value per Share
- 446.73
- Face Value
- 10.00
Mar 2025
- Equity Capital
- 17
- 758
- 76
- Trade Payables
- 230
- 689
- Total Liabilities
- 1,770
- 1,197
- Capital Work in Progress
- 20
- 101
- 168
- 186
- Cash & Bank
- 2
- 96
- Total Assets
- 1,770
- Total Debt
- 621
- Net Working Capital
- 130
- Contingent Liabilities
- 38
- Book Value per Share
- 455.13
- Face Value
- 10.00
- Total Debt
- 621
- Net Working Capital
- 130
- Contingent Liabilities
- 38
- Book Value per Share
- 455.13
- Face Value
- 10.00
Mar 2026
- Equity Capital
- 17
- 798
- 137
- Trade Payables
- 247
- 832
- Total Liabilities
- 2,031
- 1,221
- Capital Work in Progress
- 227
- 13
- 254
- 247
- Cash & Bank
- 5
- 65
- Total Assets
- 2,031
- Total Debt
- 789
- Net Working Capital
- 76
- Contingent Liabilities
- 38
- Book Value per Share
- 479.11
- Face Value
- 10.00
- Total Debt
- 789
- Net Working Capital
- 76
- Contingent Liabilities
- 38
- Book Value per Share
- 479.11
- Face Value
- 10.00
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 91 | 104 | 112 | 191 | 116 | 96 | 129 | 135 | 176 | 95 | |
| Cash from Investing | -14 | -47 | -85 | -52 | -48 | -41 | -96 | -548 | -175 | -188 |
| Cash from Financing | -78 | -55 | -29 | -139 | -67 | -55 | -25 | 405 | -1 | 96 |
| -1 | 3 | -2 | -0 | 2 | -0 | 8 | -8 | 0 | 3 | |
| Free Cash Flow | 91 | 55 | 24 | 115 | 64 | 96 | 18 | -439 | 62 | -174 |
| OCF / Net Profit | 1.82 | 1.15 | 1.19 | 1.64 | 2.03 | 1.57 | 1.30 | 1.08 | 9.98 | 2.17 |
| Cumulative 5-Year FCF | 0 | 0 | 0 | 0 | 348 | 353 | 317 | -147 | -200 | -438 |
| OCF / Net Profit | 1.82 | 1.15 | 1.19 | 1.64 | 2.03 | 1.57 | 1.30 | 1.08 | 9.98 | 2.17 |
| Cumulative 5-Year FCF | 0 | 0 | 0 | 0 | 348 | 353 | 317 | -147 | -200 | -438 |
Mar 2017
- 91
- Cash from Investing
- -14
- Cash from Financing
- -78
- -1
- Free Cash Flow
- 91
- OCF / Net Profit
- 1.82
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 1.82
- Cumulative 5-Year FCF
- 0
Mar 2018
- 104
- Cash from Investing
- -47
- Cash from Financing
- -55
- 3
- Free Cash Flow
- 55
- OCF / Net Profit
- 1.15
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 1.15
- Cumulative 5-Year FCF
- 0
Mar 2019
- 112
- Cash from Investing
- -85
- Cash from Financing
- -29
- -2
- Free Cash Flow
- 24
- OCF / Net Profit
- 1.19
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 1.19
- Cumulative 5-Year FCF
- 0
Mar 2020
- 191
- Cash from Investing
- -52
- Cash from Financing
- -139
- -0
- Free Cash Flow
- 115
- OCF / Net Profit
- 1.64
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 1.64
- Cumulative 5-Year FCF
- 0
Mar 2021
- 116
- Cash from Investing
- -48
- Cash from Financing
- -67
- 2
- Free Cash Flow
- 64
- OCF / Net Profit
- 2.03
- Cumulative 5-Year FCF
- 348
- OCF / Net Profit
- 2.03
- Cumulative 5-Year FCF
- 348
Mar 2022
- 96
- Cash from Investing
- -41
- Cash from Financing
- -55
- -0
- Free Cash Flow
- 96
- OCF / Net Profit
- 1.57
- Cumulative 5-Year FCF
- 353
- OCF / Net Profit
- 1.57
- Cumulative 5-Year FCF
- 353
Mar 2023
- 129
- Cash from Investing
- -96
- Cash from Financing
- -25
- 8
- Free Cash Flow
- 18
- OCF / Net Profit
- 1.30
- Cumulative 5-Year FCF
- 317
- OCF / Net Profit
- 1.30
- Cumulative 5-Year FCF
- 317
Mar 2024
- 135
- Cash from Investing
- -548
- Cash from Financing
- 405
- -8
- Free Cash Flow
- -439
- OCF / Net Profit
- 1.08
- Cumulative 5-Year FCF
- -147
- OCF / Net Profit
- 1.08
- Cumulative 5-Year FCF
- -147
Mar 2025
- 176
- Cash from Investing
- -175
- Cash from Financing
- -1
- 0
- Free Cash Flow
- 62
- OCF / Net Profit
- 9.98
- Cumulative 5-Year FCF
- -200
- OCF / Net Profit
- 9.98
- Cumulative 5-Year FCF
- -200
Mar 2026
- 95
- Cash from Investing
- -188
- Cash from Financing
- 96
- 3
- Free Cash Flow
- -174
- OCF / Net Profit
- 2.17
- Cumulative 5-Year FCF
- -438
- OCF / Net Profit
- 2.17
- Cumulative 5-Year FCF
- -438
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| PER SHARE | - | - | - | - | - | - | - | - | - | - |
| EPS (₹) | 29.22 | 53.03 | 55.61 | 68.60 | 33.63 | 35.85 | 58.35 | 73.72 | 10.37 | 25.68 |
| Book Value (₹) | 78.25 | 128.91 | 183.53 | 246.07 | 279.98 | 314.97 | 373.48 | 446.73 | 455.13 | 479.11 |
| Dividend per Share (₹) | 2.00 | 3.00 | 4.00 | 0.00 | 1.00 | 0.00 | 0.00 | 2.00 | 2.00 | 2.00 |
| Cash EPS (₹) | 43.62 | 68.45 | 71.74 | 87.11 | 53.03 | 56.07 | 79.39 | 95.70 | 48.90 | 66.01 |
| PROFITABILITY | - | - | - | - | - | - | - | - | - | - |
| Operating Margin % | 13.17% | 13.33% | 14.42% | 16.25% | 12.30% | 9.54% | 11.17% | 13.75% | 6.61% | 7.49% |
| Net Margin % | 4.54% | 7.36% | 7.08% | 8.31% | 5.00% | 3.77% | 5.62% | 9.70% | 1.06% | 2.04% |
| ROE % | 43.77% | 51.19% | 35.60% | 31.94% | 12.78% | 12.05% | 16.95% | 17.98% | 2.30% | 5.50% |
| ROCE % | 27.67% | 29.14% | 29.56% | 32.01% | 17.05% | 18.10% | 22.29% | 14.23% | 5.68% | 8.25% |
| 7.50% | 13.25% | 12.55% | 13.98% | 6.36% | 6.31% | 9.71% | 9.61% | 1.06% | 2.30% | |
| EFFICIENCY | - | - | - | - | - | - | - | - | - | - |
| Debtor Days | 29 | 31 | 31 | 31 | 39 | 33 | 32 | 32 | 30 | 37 |
| Inventory Days | 21 | 20 | 24 | 27 | 38 | 33 | 29 | 42 | 37 | 36 |
| Payable Days | 31 | 12 | 17 | 22 | 38 | 33 | 29 | 34 | 33 | 36 |
| 20 | 39 | 38 | 35 | 39 | 32 | 32 | 40 | 34 | 37 | |
| FINANCIAL HEALTH | - | - | - | - | - | - | - | - | - | - |
| Debt to Equity (x) | 2.25x | 1.32x | 0.95x | 0.48x | 0.35x | 0.27x | 0.21x | 0.73x | 0.80x | 0.97x |
| Interest Coverage (x) | 2.83x | 3.42x | 4.78x | 5.49x | 3.56x | 4.75x | 11.72x | 14.06x | 1.26x | 1.93x |
| 0.99x | 1.02x | 1.10x | 1.32x | 1.03x | 1.13x | 2.23x | 1.51x | 1.34x | 1.15x | |
| GROWTH | - | - | - | - | - | - | - | - | - | - |
| Revenue Growth % | 18.25% | 13.98% | 10.73% | 6.58% | -18.46% | 41.10% | 9.25% | -26.77% | 28.27% | 29.32% |
| Operating Profit Growth % | 96.83% | 13.34% | 17.85% | 18.50% | -38.28% | 9.43% | 27.95% | -5.96% | -23.25% | 38.95% |
| Net Profit Growth % | 178.99% | 81.46% | 4.88% | 23.36% | -50.98% | 6.63% | 62.74% | 26.34% | -85.93% | 147.57% |
| 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 26.34% | -85.93% | 147.57% | |
| VALUATION | - | - | - | - | - | - | - | - | - | - |
| P/E (x) | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 5.86x | 21.41x | 15.89x |
| P/B (x) | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.97x | 0.49x | 0.85x |
| Dividend Yield % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.46% | 0.90% | 0.49% |
| 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 6.84x | 7.00x | 7.47x |
Mar 2017
- EPS (₹)
- 29.22
- Book Value (₹)
- 78.25
- Dividend per Share (₹)
- 2.00
- Cash EPS (₹)
- 43.62
- Operating Margin %
- 13.17%
- Net Margin %
- 4.54%
- ROE %
- 43.77%
- ROCE %
- 27.67%
- 7.50%
- Debtor Days
- 29
- Inventory Days
- 21
- Payable Days
- 31
- 20
- Debt to Equity (x)
- 2.25x
- Interest Coverage (x)
- 2.83x
- 0.99x
- Revenue Growth %
- 18.25%
- Operating Profit Growth %
- 96.83%
- Net Profit Growth %
- 178.99%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2018
- EPS (₹)
- 53.03
- Book Value (₹)
- 128.91
- Dividend per Share (₹)
- 3.00
- Cash EPS (₹)
- 68.45
- Operating Margin %
- 13.33%
- Net Margin %
- 7.36%
- ROE %
- 51.19%
- ROCE %
- 29.14%
- 13.25%
- Debtor Days
- 31
- Inventory Days
- 20
- Payable Days
- 12
- 39
- Debt to Equity (x)
- 1.32x
- Interest Coverage (x)
- 3.42x
- 1.02x
- Revenue Growth %
- 13.98%
- Operating Profit Growth %
- 13.34%
- Net Profit Growth %
- 81.46%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2019
- EPS (₹)
- 55.61
- Book Value (₹)
- 183.53
- Dividend per Share (₹)
- 4.00
- Cash EPS (₹)
- 71.74
- Operating Margin %
- 14.42%
- Net Margin %
- 7.08%
- ROE %
- 35.60%
- ROCE %
- 29.56%
- 12.55%
- Debtor Days
- 31
- Inventory Days
- 24
- Payable Days
- 17
- 38
- Debt to Equity (x)
- 0.95x
- Interest Coverage (x)
- 4.78x
- 1.10x
- Revenue Growth %
- 10.73%
- Operating Profit Growth %
- 17.85%
- Net Profit Growth %
- 4.88%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2020
- EPS (₹)
- 68.60
- Book Value (₹)
- 246.07
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 87.11
- Operating Margin %
- 16.25%
- Net Margin %
- 8.31%
- ROE %
- 31.94%
- ROCE %
- 32.01%
- 13.98%
- Debtor Days
- 31
- Inventory Days
- 27
- Payable Days
- 22
- 35
- Debt to Equity (x)
- 0.48x
- Interest Coverage (x)
- 5.49x
- 1.32x
- Revenue Growth %
- 6.58%
- Operating Profit Growth %
- 18.50%
- Net Profit Growth %
- 23.36%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2021
- EPS (₹)
- 33.63
- Book Value (₹)
- 279.98
- Dividend per Share (₹)
- 1.00
- Cash EPS (₹)
- 53.03
- Operating Margin %
- 12.30%
- Net Margin %
- 5.00%
- ROE %
- 12.78%
- ROCE %
- 17.05%
- 6.36%
- Debtor Days
- 39
- Inventory Days
- 38
- Payable Days
- 38
- 39
- Debt to Equity (x)
- 0.35x
- Interest Coverage (x)
- 3.56x
- 1.03x
- Revenue Growth %
- -18.46%
- Operating Profit Growth %
- -38.28%
- Net Profit Growth %
- -50.98%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2022
- EPS (₹)
- 35.85
- Book Value (₹)
- 314.97
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 56.07
- Operating Margin %
- 9.54%
- Net Margin %
- 3.77%
- ROE %
- 12.05%
- ROCE %
- 18.10%
- 6.31%
- Debtor Days
- 33
- Inventory Days
- 33
- Payable Days
- 33
- 32
- Debt to Equity (x)
- 0.27x
- Interest Coverage (x)
- 4.75x
- 1.13x
- Revenue Growth %
- 41.10%
- Operating Profit Growth %
- 9.43%
- Net Profit Growth %
- 6.63%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2023
- EPS (₹)
- 58.35
- Book Value (₹)
- 373.48
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 79.39
- Operating Margin %
- 11.17%
- Net Margin %
- 5.62%
- ROE %
- 16.95%
- ROCE %
- 22.29%
- 9.71%
- Debtor Days
- 32
- Inventory Days
- 29
- Payable Days
- 29
- 32
- Debt to Equity (x)
- 0.21x
- Interest Coverage (x)
- 11.72x
- 2.23x
- Revenue Growth %
- 9.25%
- Operating Profit Growth %
- 27.95%
- Net Profit Growth %
- 62.74%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2024
- EPS (₹)
- 73.72
- Book Value (₹)
- 446.73
- Dividend per Share (₹)
- 2.00
- Cash EPS (₹)
- 95.70
- Operating Margin %
- 13.75%
- Net Margin %
- 9.70%
- ROE %
- 17.98%
- ROCE %
- 14.23%
- 9.61%
- Debtor Days
- 32
- Inventory Days
- 42
- Payable Days
- 34
- 40
- Debt to Equity (x)
- 0.73x
- Interest Coverage (x)
- 14.06x
- 1.51x
- Revenue Growth %
- -26.77%
- Operating Profit Growth %
- -5.96%
- Net Profit Growth %
- 26.34%
- 26.34%
- P/E (x)
- 5.86x
- P/B (x)
- 0.97x
- Dividend Yield %
- 0.46%
- 6.84x
Mar 2025
- EPS (₹)
- 10.37
- Book Value (₹)
- 455.13
- Dividend per Share (₹)
- 2.00
- Cash EPS (₹)
- 48.90
- Operating Margin %
- 6.61%
- Net Margin %
- 1.06%
- ROE %
- 2.30%
- ROCE %
- 5.68%
- 1.06%
- Debtor Days
- 30
- Inventory Days
- 37
- Payable Days
- 33
- 34
- Debt to Equity (x)
- 0.80x
- Interest Coverage (x)
- 1.26x
- 1.34x
- Revenue Growth %
- 28.27%
- Operating Profit Growth %
- -23.25%
- Net Profit Growth %
- -85.93%
- -85.93%
- P/E (x)
- 21.41x
- P/B (x)
- 0.49x
- Dividend Yield %
- 0.90%
- 7.00x
Mar 2026
- EPS (₹)
- 25.68
- Book Value (₹)
- 479.11
- Dividend per Share (₹)
- 2.00
- Cash EPS (₹)
- 66.01
- Operating Margin %
- 7.49%
- Net Margin %
- 2.04%
- ROE %
- 5.50%
- ROCE %
- 8.25%
- 2.30%
- Debtor Days
- 37
- Inventory Days
- 36
- Payable Days
- 36
- 37
- Debt to Equity (x)
- 0.97x
- Interest Coverage (x)
- 1.93x
- 1.15x
- Revenue Growth %
- 29.32%
- Operating Profit Growth %
- 38.95%
- Net Profit Growth %
- 147.57%
- 147.57%
- P/E (x)
- 15.89x
- P/B (x)
- 0.85x
- Dividend Yield %
- 0.49%
- 7.47x
Documents
Announcements
- Copy of Newspaper Publication
2026-08-19 - N R Agarwal Industries Limited has informed the Exchange about Copy of Newspaper Publication
- Copy of Newspaper Publication
2026-08-15 - N R Agarwal Industries Limited has informed the Exchange about Copy of Newspaper Publication
Annual Reports
Credit Ratings
- Credit Rating- Others
2026-07-17 - N R Agarwal Industries Limited has informed the Exchange that pursuant to Regulation 30 and other applicable provisions of SEBI Listing Regulations, ICRA Limited has reaffirmed the long-term rating of [ICRA]A- Stable (pronounced ICRA A minus Stable) and short-term rating of [ICRA]A2+ (pronounced ICRA A2 plus) with increase in rated amount from 955.64 Crores to 1137.57 Crores.