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Last Updated: April 2, 2026, 2:33 am
Author: Getaka|Social: XLinkedIn
Stock Ticker - BSE: 531921 | NSE: AGARIND

Agarwal Industrial Corporation Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹711.84Undervalued by 81.59%vs CMP ₹392.00

P/E (10.0) × ROE (20.1%) × BV (₹439.00) × DY (0.84%)

₹619.82Undervalued by 58.12%vs CMP ₹392.00
MoS: +36.8% (Strong)Confidence: 53/100 (Moderate)Models: 6 Under, 1 Fair, 2 Over
ModelCategoryValueWeightSignal
PE-ROEEarnings₹682.3322%Under (+74.1%)
Graham NumberEarnings₹620.8216%Under (+58.4%)
Earnings PowerEarnings₹319.3811%Over (-18.5%)
DCFCash Flow₹110.8113%Over (-71.7%)
Net Asset ValueAssets₹439.497%Under (+12.1%)
EV/EBITDAEnterprise₹1,058.949%Under (+170.1%)
Earnings YieldEarnings₹390.207%Fair (-0.5%)
ROCE CapitalReturns₹1,365.049%Under (+248.2%)
Revenue MultipleRevenue₹802.405%Under (+104.7%)
Consensus (9 models)₹619.82100%Undervalued
Key Drivers: Wide model spread (₹111–₹1,365) — high uncertainty.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: -4.1%

*Investments are subject to market risks

Investment Snapshot

58
Agarwal Industrial Corporation Ltd scores 58/100 (Average)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health78/100 · Strong
ROCE 16.9% GoodROE 20.1% ExcellentD/E 0.62 ModerateInterest Coverage 0.0x RiskyProfitable 5/5 years Consistent
Smart Money40/100 · Moderate
FII holding stable No changeDII holding down 0.53% MF sellingPromoter holding at 57.2% Stable
Earnings Quality50/100 · Moderate
OPM stable around 8% Steady
Quarterly Momentum40/100 · Moderate
Revenue (4Q): -4% YoY FlatProfit (4Q): -32% YoY Declining
Industry Rank65/100 · Strong
P/E 10.0 vs industry 52.1 Cheaper than peersROCE 16.9% vs industry 33.3% Below peersROE 20.1% vs industry 15.0% Above peers3Y sales CAGR: 15% Moderate

Weights: Health 30% · Earnings Quality 25% · Momentum 20% · Industry Rank 15% · Smart Money 10%. Scores are computed from reported financials and recalculated daily. Not investment advice.

Share Price and Basic Stock Data

Last Updated: April 2, 2026, 2:33 am

Market Cap 586 Cr.
Current Price 392
Intrinsic Value₹619.82
High / Low 1,083/360
Stock P/E10.0
Book Value 439
Dividend Yield0.84 %
ROCE16.9 %
ROE20.1 %
Face Value 10.0
PEG Ratio-2.41

Stock P/E, Current Price, and Intrinsic Value Over Time

View Share Price Target for Agarwal Industrial Corporation Ltd

Competitors

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
Agarwal Industrial Corporation Ltd 586 Cr. 392 1,083/36010.0 4390.84 %16.9 %20.1 % 10.0
Goa Carbons Ltd 269 Cr. 294 533/272 2060.00 %2.28 %10.3 % 10.0
DCW Ltd 1,212 Cr. 41.1 90.5/37.129.2 35.80.24 %7.93 %2.91 % 2.00
Asian Petroproducts & Exports Ltd 19.9 Cr. 8.11 11.2/7.00117 4.830.00 %16.5 %26.8 % 10.0
Aadi Industries Ltd 7.44 Cr. 7.44 13.4/4.49 6.930.00 %123 %% 10.0
Industry Average689.00 Cr148.5352.07138.510.22%33.32%15.03%8.40

All Competitor Stocks of Agarwal Industrial Corporation Ltd

Quarterly Result

MetricSep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025
Sales 223552660629232488776708326542823594245
Expenses 201514617587205444716648290489770557217
Operating Profit 21384342274460603553543628
OPM % 10%7%6%7%12%9%8%8%11%10%6%6%11%
Other Income 4211212222525
Interest 2344458867987
Depreciation 66667710101015121313
Profit before tax 18313332183344442034371714
Tax % 13%18%15%14%12%17%13%11%9%18%17%22%12%
Net Profit 15252828162838391828311312
EPS in Rs 10.5716.8518.9218.4310.7018.4725.4126.0712.3318.5220.428.718.02

Last Updated: January 2, 2026, 2:39 pm

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 18, 2026, 2:17 pm

MetricMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales 1812222812974145317879041,5982,0152,1252,3992,070
Expenses 1682062602713834947418321,4921,8791,9522,1971,932
Operating Profit 1416212631374671106136173202138
OPM % 8%7%8%9%7%7%6%8%7%7%8%8%7%
Other Income 111111324951116
Interest 4477999101212213032
Depreciation 4456889142023304851
Profit before tax 681014152031497811012713572
Tax % 21%30%31%37%30%34%18%17%18%16%14%14%
Net Profit 567910132641649210911658
EPS in Rs 9.2510.6712.468.8210.0213.1124.9139.5148.2261.6873.0277.3439.02
Dividend Payout % 15%14%17%17%15%14%6%5%4%4%4%4%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-20242024-2025
YoY Net Profit Growth (%)20.00%16.67%28.57%11.11%30.00%100.00%57.69%56.10%43.75%18.48%6.42%
Change in YoY Net Profit Growth (%)0.00%-3.33%11.90%-17.46%18.89%70.00%-42.31%-1.59%-12.35%-25.27%-12.06%

Agarwal Industrial Corporation Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2014-2015 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:27%
5 Years:25%
3 Years:15%
TTM:4%
Compounded Profit Growth
10 Years:35%
5 Years:36%
3 Years:22%
TTM:-26%
Stock Price CAGR
10 Years:23%
5 Years:51%
3 Years:6%
1 Year:-35%
Return on Equity
10 Years:21%
5 Years:23%
3 Years:23%
Last Year:20%

Last Updated: September 4, 2025, 10:20 pm

Balance Sheet

Last Updated: December 4, 2025, 12:54 am

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital 66810101010101315151515
Reserves 333865101112123147186281389496612642
Borrowings 35416574967790150171158361435417
Other Liabilities 9119172117525078188248283271
Total Liabilities 82951472012382273003955437501,1201,3451,344
Fixed Assets 303139446257102160219341589691728
CWIP 110801313701615
Investments 023699761226363438
Other Assets 5162105143168161188229309376495605564
Total Assets 82951472012382273003955437501,1201,3451,344

Reserves and Borrowings Chart

Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity + 3213-12830494965157112100
Cash from Investing Activity + -7-7-9-21-20-4-54-44-69-158-276-157
Cash from Financing Activity + 71-12710-2772119-1517840
Net Cash Flow 2-33-6-1-122714-1713-18
Free Cash Flow -5-35-30-1026-7409-158-65
CFO/OP 28%22%78%-32%45%92%123%78%74%129%75%60%

Free Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow-21.00-25.00-44.00-48.00-65.00-40.00-44.00-79.00-65.00-22.00-188.00-233.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days 566710012910078645437354641
Inventory Days 132213294323162418252838
Days Payable 91434166241715364750
Cash Conversion Cycle 617511015412695566240252629
Working Capital Days 1019367055492022131405
ROCE %16%16%15%13%12%14%17%20%22%23%20%17%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Promoters 57.20%57.20%57.20%57.20%57.20%57.20%57.20%57.20%57.20%57.20%57.20%57.20%
FIIs 6.36%6.34%6.24%6.24%6.32%5.97%5.51%6.26%5.98%6.04%5.91%5.05%
DIIs 0.00%0.07%0.08%0.14%0.17%0.48%0.38%0.38%0.54%0.01%0.01%0.01%
Public 36.44%36.40%36.49%36.43%36.32%36.35%36.91%36.16%36.28%36.75%36.88%37.75%
No. of Shareholders 13,92514,73817,76516,67216,56220,88722,83520,55320,11920,01120,09419,379

Shareholding Pattern Chart

No. of Shareholders

Agarwal Industrial Corporation Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

This stock is not held by any mutual fund.

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 25Mar 24Mar 23Mar 22Mar 21
FaceValue 10.0010.0010.0010.0010.00
Basic EPS (Rs.) 77.3473.0263.7851.1039.51
Diluted EPS (Rs.) 77.3473.0263.7851.1039.51
Cash EPS (Rs.) 109.3293.1476.8463.1653.60
Book Value[Excl.RevalReserv]/Share (Rs.) 419.24341.64269.90223.00191.16
Book Value[Incl.RevalReserv]/Share (Rs.) 419.24341.64269.90223.00191.16
Revenue From Operations / Share (Rs.) 1603.801420.861347.131209.98881.11
PBDIT / Share (Rs.) 142.19118.9696.6682.9071.07
PBIT / Share (Rs.) 110.2198.8481.4967.9656.98
PBT / Share (Rs.) 90.0985.0373.3858.7047.46
Net Profit / Share (Rs.) 77.3473.0261.6848.2239.51
NP After MI And SOA / Share (Rs.) 77.3473.0261.6848.2239.51
PBDIT Margin (%) 8.868.377.176.858.06
PBIT Margin (%) 6.876.956.045.616.46
PBT Margin (%) 5.615.985.444.855.38
Net Profit Margin (%) 4.825.134.573.984.48
NP After MI And SOA Margin (%) 4.825.134.573.984.48
Return on Networth / Equity (%) 18.4421.3722.8521.6220.66
Return on Capital Employeed (%) 20.1621.3424.8125.6422.80
Return On Assets (%) 8.609.7512.3011.7210.25
Long Term Debt / Equity (X) 0.280.330.170.100.21
Total Debt / Equity (X) 0.680.670.340.490.62
Asset Turnover Ratio (%) 1.952.273.123.402.68
Current Ratio (X) 1.171.231.531.631.69
Quick Ratio (X) 0.790.931.091.291.34
Inventory Turnover Ratio (X) 14.823.393.166.274.78
Dividend Payout Ratio (NP) (%) 3.873.423.133.523.79
Dividend Payout Ratio (CP) (%) 2.742.682.512.682.79
Earning Retention Ratio (%) 96.1396.5896.8796.4896.21
Cash Earning Retention Ratio (%) 97.2697.3297.4997.3297.21
Interest Coverage Ratio (X) 7.078.6111.928.957.47
Interest Coverage Ratio (Post Tax) (X) 4.846.298.616.205.15
Enterprise Value (Cr.) 1830.081480.41955.35986.84248.83
EV / Net Operating Revenue (X) 0.760.690.470.610.27
EV / EBITDA (X) 8.608.326.619.013.41
MarketCap / Net Operating Revenue (X) 0.600.560.420.550.17
Retention Ratios (%) 96.1296.5796.8696.4796.20
Price / BV (X) 2.322.342.113.020.82
Price / Net Operating Revenue (X) 0.600.560.420.550.17
EarningsYield 0.070.090.100.070.25

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

About the Company - Qualitative Analysis

Agarwal Industrial Corporation Ltd. is a Public Limited Listed company incorporated on 13/01/1995 and has its registered office in the State of Maharashtra, India. Company's Corporate Identification Number(CIN) is L99999MH1995PLC084618 and registration number is 084618. Currently Company is involved in the business activities of Manufacture of other petroleum (includes manufacture of petroleum jelly, micro-crystalline petroleum wax, slack wax, ozokerite, lignite wax, petroleum coke, petroleum bitumen and other residues of petroleum oils or of oils obtained from bituminous minerals). Company's Total Operating Revenue is Rs. 2003.35 Cr. and Equity Capital is Rs. 14.96 Cr. for the Year ended 31/03/2025.
INDUSTRYADDRESSCONTACT
Petrochemicals - OthersEastern Court, Unit No. 201-202, Mumbai Maharashtra 400071Contact not found
Management
NamePosition Held
Mr. Jaiprakash AgarwalManaging Director
Mr. Ramchandra AgarwalWhole Time Director
Mr. Lalit AgarwalWhole Time Director
Mr. Mahendra AgarwalNon Exe.Non Ind.Director
Mr. Suresh NairIndependent Director
Mr. Mahendra PimpaleIndependent Director
Mr. Balraj SubramaniamIndependent Director
Ms. Khushboo laljiIndependent Woman Director

FAQ

What is the intrinsic value of Agarwal Industrial Corporation Ltd and is it undervalued?

As of 14 April 2026, Agarwal Industrial Corporation Ltd's intrinsic value is ₹619.82, which is 58.12% higher than the current market price of ₹392.00, suggesting the stock is undervalued. This is calculated using the PE ratio method factoring in ROE (20.1 %), book value (₹439), dividend yield (0.84 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of Agarwal Industrial Corporation Ltd?

Agarwal Industrial Corporation Ltd is trading at ₹392.00 as of 14 April 2026, with a FY2026-2027 high of ₹1,083 and low of ₹360. The stock is currently near its 52-week low. Market cap stands at ₹586 Cr..

How does Agarwal Industrial Corporation Ltd's P/E ratio compare to its industry?

Agarwal Industrial Corporation Ltd has a P/E ratio of 10.0, which is below the industry average of 52.07. Trading at a steep discount to peers could signal a value opportunity or reflect concerns about the company's fundamentals.

Is Agarwal Industrial Corporation Ltd financially healthy?

Key indicators for Agarwal Industrial Corporation Ltd: ROCE of 16.9 % indicates efficient capital utilization; ROE of 20.1 % shows strong shareholder returns. Dividend yield is 0.84 %.

Is Agarwal Industrial Corporation Ltd profitable and how is the profit trend?

Agarwal Industrial Corporation Ltd reported a net profit of ₹116 Cr in Mar 2025 on revenue of ₹2,399 Cr. Compared to ₹64 Cr in Mar 2022, the net profit shows an improving trend.

Does Agarwal Industrial Corporation Ltd pay dividends?

Agarwal Industrial Corporation Ltd has a dividend yield of 0.84 % at the current price of ₹392.00. The company pays dividends, though the yield is modest.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Agarwal Industrial Corporation Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE
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