Agarwal Industrial Corporation Ltd
NSE: AGARIND BSE: 531921Energy
Agarwal Industrial Corporation Ltd is primarily engaged in the business activities of manufacturing and trading of Petrochemicals (Bitumen and Bituminous Products), logistics of bitumen and liquefied Petroleum Gas and energy generation through Wind Mills.[1]
₹402
52W: ₹360 — ₹1083
PE 15.4 · Book ₹269 · +49% vs bookMarket Cap₹601 Cr
Stock P/E15.4Price to Earnings
ROCE15.8%Return on Capital
ROE14.2%Return on Equity
Div. Yield0.81%Face Value ₹10
Strengths
- +Company's median sales growth is 26.3% of last 10 years
Weaknesses
- −Earnings include an other income of Rs.21.6 Cr.
- −Dividend payout has been low at 8.61% of profits over last 3 years
Shareholding Pattern
Promoters57.2%
FIIs4.69%
DIIs0.01%
Public38.11%
| Category | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters | 57.2% | 57.2% | 57.2% | 57.2% | 57.2% | 57.2% | 57.2% | 57.2% |
| FIIs | 5.97% | 5.51%▼0.5 | 6.26%▲0.8 | 5.98%▼0.3 | 6.04%▲0.1 | 5.91%▼0.1 | 5.05%▼0.9 | 4.69%▼0.4 |
| DIIs | 0.48% | 0.38%▼0.1 | 0.38% | 0.54%▲0.2 | 0.01%▼0.5 | 0.01% | 0.01% | 0.01% |
| Public | 36.35% | 36.91%▲0.6 | 36.16%▼0.8 | 36.28%▲0.1 | 36.75%▲0.5 | 36.88%▲0.1 | 37.75%▲0.9 | 38.11%▲0.4 |
Financial Statements
| Metric | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 170.72 | 406.85 | 666.76 | 591.47 | 232.13 | 445.4 | 734.34 | 509.35 | 171.2 | 322.45 |
| Expenses | 160.75 | 381.41 | 642.36 | 569.54 | 222.73 | 419.66 | 709.26 | 491.75 | 164.11 | 313.49 |
| Operating Profit | 9.97 | 25.44 | 24.4 | 21.93 | 9.4 | 25.74 | 25.08 | 17.6 | 7.09 | 8.96 |
| OPM % | 5.84% | 6.25% | 3.66% | 3.71% | 4.05% | 5.78% | 3.42% | 3.46% | 4.14% | 2.78% |
| Net Profit | 6.29 | 16.25 | 14.24 | 13.52 | 5.01 | 17.27 | 17.83 | 10.05 | 5.12 | 6.04 |
| EPS ₹ | 4.21 | 10.86 | 9.52 | 9.04 | 3.35 | 11.55 | 11.92 | 6.72 | 3.42 | 4.04 |
AI Insights
Revenue Trend
TTM revenue at ₹1,737Cr, down 13.3% YoY. OPM at 3%.
Debt Position
Borrowings at ₹209Cr. Debt-to-equity ratio: 0.54x. Moderate leverage.
Capex Cycle
CWIP at ₹15Cr (22% of fixed assets). Significant capex underway — growth runway building.
Institutional Flow
DIIs: 0.01% (-0.06pp change). FIIs: 4.69% (-1.65pp change). Promoters hold 57.2%.
Margin & Efficiency
ROCE improving from 15% (Mar 2014) to 16% (Mar 2025). Working capital days: 28.
Valuation
PE 15.4x with 15.8% ROCE. Price is 49% above book value of ₹269. Dividend yield: 0.81%.
Recent Announcements
- Compliances-Reg.24(A)-Annual Secretarial Compliance 1d - Annual secretarial compliance report notes 27-day CS vacancy and Rs.27,000 fine, now complied.
- Announcement under Regulation 30 (LODR)-Newspaper Publication 1d - Newspaper Publication for Second 100 days Campaign
- Announcement 5 May - Bulk Bitumen Storage commercial operations commenced at Mangalore facilities, strengthening supply chain capabilities.
- Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure A 28 Apr - Company confirms it is not a large corporate; no initial or annual disclosure required.
- Announcement under Regulation 30 (LODR)-Newspaper Publication 25 Apr - Newspaper Publication for Second 100 days campaign
- Financial Year 2025 from bse
- Financial Year 2024 from bse
- Financial Year 2023 from bse