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Aro Granite

₹53 0.9 | 1.7%

Market Cap ₹81 Cr.

Stock P/E 37.7

P/B 0.4

Current Price ₹53

Book Value ₹ 125.5

Face Value 10

52W High ₹68

Dividend Yield 0%

52W Low ₹ 38.6

Aro Granite Research see more...

Overview Inc. Year: 1988Industry: Ceramics/Marble/Granite/Sanitaryware

Aro Granite Share Price

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Aro Granite Quarterly Results

#(Fig in Cr.) Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
Net Sales 58 49 45 38 34 47 51 37 33 33
Other Income 1 -0 0 1 0 0 1 1 0 0
Total Income 59 49 45 39 34 47 52 39 34 33
Total Expenditure 53 43 39 32 35 40 43 32 27 25
Operating Profit 6 6 6 7 -0 7 9 7 7 8
Interest 2 2 3 3 3 4 4 4 4 5
Depreciation 3 3 3 3 3 3 3 3 3 3
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0 0
Profit Before Tax 1 1 0 0 -7 0 2 0 0 0
Provision for Tax -0 1 0 -0 0 -0 1 0 0 0
Profit After Tax 1 -0 0 1 -7 0 1 0 0 0
Adjustments 0 0 -0 0 0 0 0 0 0 0
Profit After Adjustments 1 -0 0 1 -7 0 1 0 0 0
Adjusted Earnings Per Share 0.7 -0.1 0.1 0.4 -4.7 0.3 0.9 0.3 0.1 0.2

Aro Granite Profit & Loss

#(Fig in Cr.) Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
Net Sales 187 251 255 216 239 201 172 178 179 225 164 154
Other Income 1 9 5 1 3 1 2 3 1 1 1 2
Total Income 188 260 260 217 242 202 175 181 180 226 164 158
Total Expenditure 163 221 226 196 211 188 149 159 156 195 145 127
Operating Profit 25 39 34 21 31 14 26 22 24 31 20 31
Interest 5 5 6 5 5 4 5 6 5 8 13 17
Depreciation 5 5 9 9 9 9 8 11 11 13 13 12
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0 0 0 0
Profit Before Tax 15 28 19 7 16 1 13 5 8 11 -6 2
Provision for Tax 4 7 2 1 4 0 3 2 2 2 -0 1
Profit After Tax 11 21 17 6 13 1 10 4 6 9 -6 1
Adjustments 0 0 0 0 0 0 0 0 0 0 0 0
Profit After Adjustments 11 21 17 6 13 1 10 4 6 9 -6 1
Adjusted Earnings Per Share 7.4 13.8 10.9 3.8 8.3 0.8 6.4 2.4 4 5.8 -3.8 1.5

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR -27% -3% -4% -1%
Operating Profit CAGR -35% -3% 7% -2%
PAT CAGR -167% NAN% NAN% NAN%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR 27% 2% 1% 7%
ROE Average -3% 2% 2% 6%
ROCE Average 2% 4% 4% 6%

Aro Granite Balance Sheet

#(Fig in Cr.) Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Shareholder's Funds 123 142 155 159 169 171 180 181 188 196 191
Minority's Interest 0 0 0 0 0 0 0 0 0 0 0
Borrowings 7 0 10 15 11 7 14 28 42 65 60
Other Non-Current Liabilities 10 11 10 10 9 9 8 18 15 14 14
Total Current Liabilities 109 139 135 126 119 117 141 168 161 176 186
Total Liabilities 249 292 310 309 308 304 343 395 405 451 450
Fixed Assets 85 84 74 73 91 90 90 139 174 163 160
Other Non-Current Assets 1 1 8 23 5 10 43 45 4 11 4
Total Current Assets 163 208 228 214 213 204 210 211 227 278 286
Total Assets 249 292 310 309 308 304 343 395 405 451 450

Aro Granite Cash Flow

#(Fig in Cr.) Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Opening Cash & Cash Equivalents 4 3 16 20 17 11 11 14 11 10 10
Cash Flow from Operating Activities -17 -1 0 21 16 22 -3 63 1 -18 14
Cash Flow from Investing Activities -6 5 -7 -21 -8 -8 -26 -78 -4 -6 -3
Cash Flow from Financing Activities 23 13 8 -5 -15 -11 32 12 3 24 -15
Net Cash Inflow / Outflow 0 17 1 -5 -7 3 2 -3 -1 -0 -4
Closing Cash & Cash Equivalent 3 16 20 12 11 11 14 11 10 10 6

Aro Granite Ratios

# Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Earnings Per Share (Rs) 7.36 13.79 10.91 3.83 8.25 0.77 6.35 2.36 3.95 5.82 -3.78
CEPS(Rs) 10.43 17.16 16.52 9.79 14.2 6.42 11.75 9.24 11.19 14.15 4.54
DPS(Rs) 1 1 1 1 1 0 1 0 0 0 0
Book NAV/Share(Rs) 80.14 92.76 101.11 103.7 110.77 111.5 117.79 118.62 122.64 128.38 124.58
Core EBITDA Margin(%) 12.96 11.82 11.09 9.17 11.52 6.2 13.79 10.42 13.27 13.39 11.63
EBIT Margin(%) 10.76 13.29 9.81 5.51 8.97 2.54 10.21 6.27 7.45 8.32 4.19
Pre Tax Margin(%) 8.05 11.19 7.38 3.12 6.81 0.64 7.27 2.91 4.45 4.79 -3.6
PAT Margin (%) 5.96 8.32 6.49 2.69 5.25 0.58 5.64 2.03 3.37 3.96 -3.53
Cash Profit Margin (%) 8.44 10.35 9.84 6.89 9.03 4.86 10.42 7.95 9.54 9.63 4.23
ROA(%) 4.8 7.8 5.55 1.89 4.09 0.38 3 0.98 1.51 2.08 -1.28
ROE(%) 9.58 15.95 11.25 3.74 7.69 0.69 5.54 1.99 3.28 4.64 -2.99
ROCE(%) 10.13 14.37 9.61 4.38 7.92 1.92 6.15 3.43 3.84 4.98 1.74
Receivable days 123.89 115.41 122.73 138.73 123.74 137.49 134.79 119.33 124.98 111.34 149.89
Inventory Days 136.8 119.23 144.05 186.82 169.18 199.28 240.03 254.36 273.03 256.97 419.41
Payable days 68.33 56.13 59.62 65.02 56.12 74.72 100.07 121.46 152.09 135.68 224.38
PER(x) 2.67 1.92 5.59 10.79 9.5 71.52 7.74 8.02 10.4 9.38 0
Price/Book(x) 0.24 0.29 0.6 0.4 0.71 0.49 0.42 0.16 0.34 0.43 0.3
Dividend Yield(%) 3.4 3.77 1.64 2.42 1.28 0 2.03 0 0 0 0
EV/Net Sales(x) 0.65 0.53 0.75 0.77 0.88 0.82 1.1 1 1.23 1.22 1.56
EV/Core EBITDA(x) 4.88 3.45 5.68 7.91 6.87 11.98 7.37 8.18 9.06 8.69 13.05
Net Sales Growth(%) 17.62 34.22 1.37 -15.38 10.7 -15.89 -14.09 3.06 0.94 25.29 -27.07
EBIT Growth(%) 25.97 65.7 -25.18 -52.42 79.85 -76.22 243.08 -36.67 19.8 40.04 -63.26
PAT Growth(%) 28.26 87.33 -20.88 -64.88 115.36 -90.71 728.51 -62.9 67.71 47.25 -164.99
EPS Growth(%) 28.26 87.33 -20.88 -64.88 115.36 -90.7 728.47 -62.9 67.71 47.25 -164.99
Debt/Equity(x) 0.78 0.77 0.77 0.73 0.6 0.54 0.71 0.88 0.9 1.01 1.08
Current Ratio(x) 1.49 1.5 1.69 1.7 1.79 1.74 1.49 1.26 1.41 1.58 1.54
Quick Ratio(x) 0.8 0.84 0.86 0.82 0.87 0.82 0.65 0.49 0.55 0.57 0.47
Interest Cover(x) 3.96 6.31 4.03 2.3 4.15 1.33 3.47 1.87 2.48 2.36 0.54
Total Debt/Mcap(x) 3.17 2.69 1.27 1.82 0.85 1.1 1.71 5.5 2.68 2.39 3.61

Aro Granite Shareholding Pattern

# Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
Promoter 41.06 41.06 41.06 41.06 41.06 41.06 41.06 41.06 41.06 41.06
FII 0.35 0.02 0.06 0 0 0 0 0 0 0.02
DII 0.92 1.12 1.12 0 0 0 0 0 0 0
Public 57.66 57.8 57.76 58.93 58.93 58.94 58.94 58.94 58.94 58.92
Others 0 0 0 0 0 0 0 0 0 0
Total 100 100 100 100 100 100 100 100 100 100

Pros

  • Stock is trading at 0.4 times its book value
  • Company has reduced debt.

Cons

  • Promoter holding is low: 41.06%.
  • Company has a low return on equity of 2% over the last 3 years.
  • Debtor days have increased from 135.68 to 224.38days.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Aro Granite News

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