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Swing Capital

Aro Granite Industries Ltd

NSE: AROGRANITE BSE: 513729

Incorporated in 1988, ARO Granite Industries Ltd manufactures and trades Granite Slabs and Tiles[1]

₹25.3
52W: ₹18.6 — ₹45.8
PE 0 · Book ₹114 · -78% vs book
Market Cap₹38.8 Cr
Stock P/E—Price to Earnings
ROCE1.04%Return on Capital
ROE6.57%Return on Equity
Div. Yield0%Face Value ₹10

Strengths

  • +Stock is trading at 0.21 times its book value

Weaknesses

  • −Company has low interest coverage ratio.
  • −The company has delivered a poor sales growth of -16.3% over past five years.
  • −Company has a low return on equity of -3.01% over last 3 years.
  • −Earnings include an other income of Rs.11.8 Cr.

Shareholding Pattern

Promoters41.08%
FIIs0%
DIIs0%
Public58.92%
CategoryJun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Promoters41.08%41.08%41.08%41.08%41.08%41.08%41.08%41.08%
FIIs0.03%0.6%▲0.60%▼0.60%0%0%0%0%
DIIs0%0%0%0%0%0%0%0%
Public58.88%58.32%▼0.658.91%▲0.658.91%58.91%58.91%58.92%▲0.058.92%

Financial Statements

MetricDec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Sales33.3532.937.5528.6130.1226.8127.0420.2714.6911.52
Expenses26.5824.9232.4428.5529.6926.121.4519.8116.4514.31
Operating Profit6.777.985.110.060.430.715.590.46-1.76-2.79
OPM %20.3%24.26%13.61%0.21%1.43%2.65%20.67%2.27%-11.98%-24.22%
Net Profit0.080.360.75-7.200.020.06-2.49-2.97-6.41
EPS ₹0.050.240.49-4.7100.010.04-1.63-1.94-4.19

AI Insights

Revenue Trend

Mar 2026 revenue at ₹74Cr, down 39.8% YoY. OPM at 2%.

Debt Position

Borrowings at ₹152Cr. Debt-to-equity ratio: 0.96x. Moderate leverage.

Capex Cycle

CWIP at ₹1Cr (1% of fixed assets). Moderate ongoing capital expenditure.

Institutional Flow

DIIs: 0% (+0.00pp change). FIIs: 0% (+0.00pp change). Promoters hold 41.08%.

Margin & Efficiency

ROCE declining from 10% (Mar 2015) to 1% (Mar 2026). Working capital days: 353.

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