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Fundamental Analysis of Aaron Industries Ltd

About the Company - Aaron Industries Ltd

Aaron Industries Ltd. is a Public Limited Listed company incorporated on 23/10/2013 and has its registered office in the State of Gujarat, India. Company’s Corporate Identification Number(CIN) is L31908GJ2013PLC077306 and registration number is 077306. Currently Company is involved in the business activities of Manufacture of lifting and handling equipment. Company’s Total Operating Revenue is Rs. 37.74 Cr. and Equity Capital is Rs. 10.04 Cr. for the Year ended 31/03/2022.
Electric Equipment - GeneralB-65 & 66, Jawahar Road No. 4, Udhyog Nagar, Udhana, Surat Gujarat
NamePosition Held
Mr. Amar Chinubhai DoshiChairman & Managing Director
Mr. Karan Amar DoshiWhole Time Director
Mr. Pradeepkumar Sanmukhlal ChoksiIndependent Director
Mr. Hetal Rumendrabhai MehtaIndependent Director
Mrs. Shrungi Kiranbhai DesaiIndependent Director
Mr. Monish Amarbhai DoshiDirector & CFO

Aaron Industries Ltd. Share Price Update

Share PriceValue
Previous Day₹272.35

Basic Stock Data of Aaron Industries Ltd

Market Cap 287 Cr.
Current Price 274
High / Low305/152
Stock P/E50.2
Book Value 30.9
Dividend Yield0.37 %
ROCE29.7 %
ROE29.7 %
Face Value 10.0

Aaron Industries Ltd Quarterly Results

MonthSep 2020Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
Operating Profit0.921.161.300.901.501.322.142.152.312.252.792.782.17
OPM %10.99%17.71%19.29%15.38%15.45%14.41%16.44%17.90%16.38%16.45%17.37%17.91%15.50%
Other Income0.
Profit before tax0.650.821.200.521.141.381.821.701.781.712.252.221.42
Tax %27.69%29.27%30.00%28.85%28.07%26.09%18.13%27.65%27.53%28.07%25.78%27.93%15.49%
Net Profit0.470.590.830.370.821.021.491.
EPS in Rs0.470.590.830.370.821.021.481.

Aaron Industries Ltd Quarterly Chart

Aaron Industries Ltd Profit & Loss

MonthMar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Operating Profit0.140.251.562.043.073.475.869.549.99
OPM %4.23%5.21%13.25%11.62%14.35%13.90%15.53%17.08%16.86%
Other Income0.
Profit before tax0.060.071.341.581.972.464.867.447.60
Tax %33.33%28.57%29.85%32.28%31.47%21.54%23.66%27.28%
Net Profit0.040.050.931.061.341.933.715.405.71
EPS in Rs1.001.252.321.061.341.923.695.385.63
Dividend Payout %0.00%0.00%0.00%0.00%23.55%0.00%21.65%18.59%

Aaron Industries Ltd Profit & Loss Yearly Chart

Aaron Industries Ltd Growth

Compounded Sales Growth
10 Years::%
5 Years::37%
3 Years::38%

Aaron Industries Ltd Growth

Compounded Profit Growth
10 Years::%
5 Years::42%
3 Years::59%

Aaron Industries Ltd Growth

Stock Price CAGR
10 Years::%
5 Years::67%
3 Years::75%
1 Year::66%

Aaron Industries Ltd Growth

Return on Equity
10 Years::%
5 Years::22%
3 Years::25%
Last Year::30%

Aaron Industries Ltd Balance Sheet

MonthMar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital0.190.191.884.785.2610.0410.0410.0410.47
Other Liabilities0.820.942.372.873.082.514.666.916.48
Total Liabilities2.212.566.9617.5118.8421.7529.7038.7658.49
Fixed Assets0.100.121.458.719.2912.8814.8518.9221.01
Other Assets2.112.445.518.769.198.3714.0919.4332.95
Total Assets2.212.566.9617.5118.8421.7529.7038.7658.49

Aaron Industries Ltd Reserves and Borrowings Chart

Aaron Industries Ltd Cash Flow

MonthMar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity -0.91-0.06-0.47-0.151.403.271.174.07
Cash from Investing Activity -0.02-0.03-1.51-7.71-1.50-4.28-3.08-4.84
Cash from Financing Activity 0.930.031.978.24-0.651.001.910.78
Net Cash Flow0.00-0.06-0.010.38-0.76-

Aaron Industries Ltd Financial Efficiency Indicators

MonthMar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days83.8153.2348.3838.2741.1125.3023.7016.60
Inventory Days239.97180.69172.59157.50151.49140.40104.85143.68
Days Payable155.2892.7695.9455.1342.1621.7932.8938.77
Cash Conversion Cycle168.50141.17125.03140.65150.44143.9195.66121.51
Working Capital Days134.53113.3095.2096.2989.3789.7993.9181.43
ROCE %15.95%47.67%19.34%16.84%16.63%22.81%29.71%

Aaron Industries Ltd Financial Efficiency Indicators Chart

No valid data available for the Shareholding

Aaron Industries Ltd Shareholding Pattern Chart

No. of Aaron Industries Ltd Shareholders

This stock is not held by any mutual fund

Aaron Industries Ltd ROCE Trend

Aaron Industries Ltd EPS Trend

Aaron Industries Ltd Key Financial Ratios

MonthMar 23Mar 22Mar 21Mar 20Mar 19
Basic EPS (Rs.)5.373.701.922.712.49
Diluted EPS (Rs.)5.373.701.922.712.49
Cash EPS (Rs.)6.534.542.553.762.64
Book Value[Excl.RevalReserv]/Share (Rs.)20.3915.8212.1220.5319.60
Book Value[Incl.RevalReserv]/Share (Rs.)20.3915.8212.1220.5319.60
Dividend / Share (Rs.)1.000.800.600.600.00
Revenue From Operations / Share (Rs.)55.6037.5824.8240.6736.70
PBDIT / Share (Rs.)9.565.883.526.004.31
PBIT / Share (Rs.)8.415.032.884.953.89
PBT / Share (Rs.)7.404.842.443.833.29
Net Profit / Share (Rs.)5.383.691.922.712.21
PBDIT Margin (%)17.1815.6414.1614.7411.74
PBIT Margin (%)15.1113.3811.6212.1510.59
PBT Margin (%)13.3112.879.859.408.96
Net Profit Margin (%)9.679.827.736.656.03
Return on Networth / Equity (%)26.3823.3415.8213.1811.29
Return on Capital Employeed (%)31.2322.4717.0518.6214.12
Return On Assets (%)13.9412.488.867.456.04
Long Term Debt / Equity (X)0.260.360.340.240.37
Total Debt / Equity (X)0.550.570.460.390.47
Asset Turnover Ratio (%)1.631.471.221.171.43
Current Ratio (X)1.641.921.711.751.95
Quick Ratio (X)0.400.930.420.660.88
Inventory Turnover Ratio (X)3.683.642.882.862.85
Dividend Payout Ratio (NP) (%)14.860.0016.380.000.00
Dividend Payout Ratio (CP) (%)12.250.0012.330.000.00
Earning Retention Ratio (%)85.140.0083.620.000.00
Cash Earning Retention Ratio (%)87.750.0087.670.000.00
Interest Coverage Ratio (%)9.5130.657.995.367.20
Interest Coverage Ratio (Post Tax) (%)6.3520.265.363.424.70
Enterprise Value (Cr.)194.58122.8162.9525.8026.98
EV / Net Operating Revenue (X)3.483.252.531.211.54
EV / EBITDA (X)20.2720.8017.838.1713.08
MarketCap / Net Operating Revenue (X)3.303.022.311.011.31
Retention Ratios (%)85.130.0083.610.000.00
Price / BV (X)8.997.174.722.002.44
Price / Net Operating Revenue (X)3.303.022.311.011.31

Aaron Industries Ltd Profitability Ratios (%)

Aaron Industries Ltd Liquidity Ratios

Aaron Industries Ltd Liquidity Ratios (%)

Aaron Industries Ltd Interest Coverage Ratios (%)

Aaron Industries Ltd Valuation Ratios

Fair Value of Aaron Industries Ltd Stock

Fair Value: ₹462.41

The stock is undervalued by 68.76% compared to the current price ₹274

*Investments are subject to market risks

Strength and Weakness of Aaron Industries Ltd Stock


The company has shown consistent growth in sales and profit over the years.

The stock has a low average ROCE, which may not be favorable.

The stock has a high average Working Capital Days, which may not be favorable.

The stock has a high average Cash Conversion Cycle, which may not be favorable.

The company has higher borrowings compared to reserves, which may suggest financial risk.