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Aro Granite Overview

Aro Granite Industries Limited is a prominent player in the granite industry, known for its expertise in processing polished and flamed granite tiles and slabs. Established on May 3, 1988, as a public limited company, Aro Granite has its roots in South Delhi, Delhi, with an authorized share capital of INR 20.00 cr and a paid-up capital of INR 15.30 cr. The company was founded by Sunil K. Arora, Sunil Arora, and Prem Arora, who envisioned creating a world-class granite processing facility. Aro Granite set up its project in the SIPCOT Industrial ...Read More

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Aro Granite Key Financials

Market Cap ₹46 Cr.

Stock P/E -7.1

P/B 0.3

Current Price ₹29.9

Book Value ₹ 117.9

Face Value 10

52W High ₹45.8

Dividend Yield 0%

52W Low ₹ 26.5

Aro Granite Share Price

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Volume
Price

Aro Granite Quarterly Price

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Aro Granite Quarterly Results

#(Fig in Cr.) Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025
Net Sales 37 33 33 38 29 30 27 27 20 15
Other Income 1 0 0 1 -2 5 5 0 4 5
Total Income 39 34 33 39 27 36 32 27 24 20
Total Expenditure 32 27 25 32 29 30 26 21 20 16
Operating Profit 7 7 8 6 -2 6 6 6 4 3
Interest 4 4 5 4 3 3 3 3 4 4
Depreciation 3 3 3 3 2 3 2 2 2 2
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0 0
Profit Before Tax 0 0 0 0 -7 0 0 0 -2 -3
Provision for Tax 0 0 0 -1 -0 0 0 0 0 0
Profit After Tax 0 0 0 1 -7 -0 0 0 -2 -3
Adjustments 0 0 0 0 0 0 0 -0 -0 0
Profit After Adjustments 0 0 0 1 -7 -0 0 0 -2 -3
Adjusted Earnings Per Share 0.3 0.1 0.2 0.5 -4.7 -0 0 0 -1.6 -1.9

Aro Granite Profit & Loss

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
Net Sales 255 216 239 201 172 178 179 225 164 155 123 89
Other Income 5 1 3 1 2 3 1 1 1 0 10 14
Total Income 260 217 242 202 175 181 180 226 164 155 133 103
Total Expenditure 226 196 211 188 149 159 156 195 145 124 117 83
Operating Profit 34 21 31 14 26 22 24 31 20 31 16 19
Interest 6 5 5 4 5 6 5 8 13 16 13 14
Depreciation 9 9 9 9 8 11 11 13 13 12 10 8
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0 0 0 0
Profit Before Tax 19 7 16 1 13 5 8 11 -6 3 -7 -5
Provision for Tax 2 1 4 0 3 2 2 2 -0 2 -0 0
Profit After Tax 17 6 13 1 10 4 6 9 -6 1 -6 -5
Adjustments 0 0 0 0 0 0 0 0 0 0 0 0
Profit After Adjustments 17 6 13 1 10 4 6 9 -6 1 -6 -5
Adjusted Earnings Per Share 10.9 3.8 8.3 0.8 6.4 2.4 4 5.8 -3.8 0.9 -4.2 -3.5

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR -21% -18% -7% -7%
Operating Profit CAGR -48% -20% -6% -7%
PAT CAGR -700% NAN% NAN% NAN%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR -30% -12% -7% -4%
ROE Average -3% -2% 0% 3%
ROCE Average 2% 3% 3% 5%

Aro Granite Balance Sheet

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Shareholder's Funds 155 159 169 171 180 181 188 196 191 192 186
Minority's Interest 0 0 0 0 0 0 0 0 0 0 0
Borrowings 10 15 11 7 14 28 42 65 60 46 28
Other Non-Current Liabilities 10 10 9 9 8 18 15 14 14 16 15
Total Current Liabilities 135 126 119 117 141 168 161 176 186 191 190
Total Liabilities 310 309 308 304 343 395 405 451 450 445 420
Fixed Assets 74 73 91 90 90 139 174 163 160 149 139
Other Non-Current Assets 8 23 5 10 43 45 4 11 4 3 3
Total Current Assets 228 214 213 204 210 211 227 278 286 292 277
Total Assets 310 309 308 304 343 395 405 451 450 445 420

Aro Granite Cash Flow

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Opening Cash & Cash Equivalents 16 20 17 11 11 14 11 10 10 6 9
Cash Flow from Operating Activities 0 21 16 22 -3 63 1 -18 14 35 33
Cash Flow from Investing Activities -7 -21 -8 -8 -26 -78 -4 -6 -3 0 0
Cash Flow from Financing Activities 8 -5 -15 -11 32 12 3 24 -15 -32 -34
Net Cash Inflow / Outflow 1 -5 -7 3 2 -3 -1 -0 -4 3 -0
Closing Cash & Cash Equivalent 20 12 11 11 14 11 10 10 6 9 8

Aro Granite Ratios

# Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Earnings Per Share (Rs) 10.91 3.83 8.25 0.77 6.35 2.36 3.95 5.82 -3.78 0.86 -4.2
CEPS(Rs) 16.52 9.79 14.2 6.42 11.75 9.24 11.19 14.15 4.54 8.52 2.3
DPS(Rs) 1 1 1 0 1 0 0 0 0 0 0
Book NAV/Share(Rs) 101.11 103.7 110.77 111.5 117.79 118.62 122.64 128.38 124.58 125.51 121.48
Core EBITDA Margin(%) 11.09 9.17 11.52 6.2 13.79 10.42 13.27 13.39 11.63 19.9 5.12
EBIT Margin(%) 9.81 5.51 8.97 2.54 10.21 6.27 7.45 8.32 4.19 12.58 4.89
Pre Tax Margin(%) 7.38 3.12 6.81 0.64 7.27 2.91 4.45 4.79 -3.6 2.19 -5.57
PAT Margin (%) 6.49 2.69 5.25 0.58 5.64 2.03 3.37 3.96 -3.53 0.85 -5.22
Cash Profit Margin (%) 9.84 6.89 9.03 4.86 10.42 7.95 9.54 9.63 4.23 8.41 2.86
ROA(%) 5.55 1.89 4.09 0.38 3 0.98 1.51 2.08 -1.28 0.29 -1.49
ROE(%) 11.25 3.74 7.69 0.69 5.54 1.99 3.28 4.64 -2.99 0.69 -3.4
ROCE(%) 9.61 4.38 7.92 1.92 6.15 3.43 3.84 4.98 1.74 5.03 1.66
Receivable days 122.73 138.73 123.74 137.49 134.79 119.33 124.98 111.34 149.89 130.75 125.14
Inventory Days 144.05 186.82 169.18 199.28 240.03 254.36 273.03 256.97 419.41 485.64 633.93
Payable days 59.62 65.02 56.12 74.72 100.07 121.46 152.09 135.68 224.38 288.84 279.47
PER(x) 5.59 10.79 9.5 71.52 7.74 8.02 10.4 9.38 0 51.76 0
Price/Book(x) 0.6 0.4 0.71 0.49 0.42 0.16 0.34 0.43 0.3 0.35 0.3
Dividend Yield(%) 1.64 2.42 1.28 0 2.03 0 0 0 0 0 0
EV/Net Sales(x) 0.75 0.77 0.88 0.82 1.1 1 1.23 1.22 1.56 1.6 1.68
EV/Core EBITDA(x) 5.68 7.91 6.87 11.98 7.37 8.18 9.06 8.69 13.06 7.94 12.99
Net Sales Growth(%) 1.37 -15.38 10.7 -15.89 -14.09 3.06 0.94 25.29 -27.07 -5.37 -20.64
EBIT Growth(%) -25.18 -52.42 79.85 -76.22 243.08 -36.67 19.8 40.04 -63.26 183.88 -69.14
PAT Growth(%) -20.88 -64.88 115.36 -90.71 728.51 -62.9 67.71 47.25 -164.99 122.7 -588.8
EPS Growth(%) -20.88 -64.88 115.36 -90.7 728.47 -62.9 67.71 47.25 -164.99 122.7 -588.81
Debt/Equity(x) 0.77 0.73 0.6 0.54 0.71 0.88 0.9 1.01 1.08 0.98 0.86
Current Ratio(x) 1.69 1.7 1.79 1.74 1.49 1.26 1.41 1.58 1.54 1.53 1.46
Quick Ratio(x) 0.86 0.82 0.87 0.82 0.65 0.49 0.55 0.57 0.47 0.42 0.33
Interest Cover(x) 4.03 2.3 4.15 1.33 3.47 1.87 2.48 2.36 0.54 1.21 0.47
Total Debt/Mcap(x) 1.27 1.82 0.85 1.1 1.71 5.5 2.68 2.39 3.61 2.78 2.85

Aro Granite Shareholding Pattern

# Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025
Promoter 41.06 41.06 41.06 41.08 41.08 41.08 41.08 41.08 41.08 41.08
FII 0 0 0.02 0.03 0.6 0 0 0 0 0
DII 0 0 0 0 0 0 0 0 0 0
Public 58.94 58.94 58.92 58.88 58.31 58.92 58.92 58.92 58.92 58.92
Others 0 0 0 0 0 0 0 0 0 0
Total 100 100 100 100 100 100 100 100 100 100

Aro Granite News

Aro Granite Pros & Cons

Pros

  • Stock is trading at 0.3 times its book value
  • Debtor days have improved from 288.84 to 279.47days.
  • Company has reduced debt.

Cons

  • Promoter holding is low: 41.08%.
  • Company has a low return on equity of -2% over the last 3 years.
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