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Last Updated: April 2, 2026, 2:37 am
Author: Getaka|Social: XLinkedIn
Stock Ticker - BSE: 513729 | NSE: AROGRANITE

Aro Granite Industries Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹49.35Undervalued by 132.78%vs CMP ₹21.20

P/E (15.0) × ROE (3.4%) × BV (₹120.00) × DY (2.00%)

Defaults: P/E=15

₹56.03Undervalued by 164.29%vs CMP ₹21.20
MoS: +62.2% (Strong)Confidence: 49/100 (Moderate)Models: 4 Under, 1 Over
ModelCategoryValueWeightSignal
PE-ROEEarnings₹30.9334%Under (+45.9%)
Net Asset ValueAssets₹119.9420%Under (+465.8%)
EV/EBITDAEnterprise₹9.7417%Over (-54.1%)
ROCE CapitalReturns₹98.7014%Under (+365.6%)
Revenue MultipleRevenue₹40.1315%Under (+89.3%)
Consensus (5 models)₹56.03100%Undervalued
Key Drivers: EPS CAGR -37.3% drags value — could be higher if earnings stabilize. | ROE 3.4% is below cost of equity.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: -37.3% · Defaults: P/E=15

*Investments are subject to market risks

Investment Snapshot

38
Aro Granite Industries Ltd scores 38/100 (Weak)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health42/100 · Moderate
ROCE 1.7% WeakROE 3.4% WeakD/E 0.85 ModerateInterest Coverage 0.0x RiskyProfitable 3/5 years Mixed
Smart Money50/100 · Moderate
FII holding stable No changePromoter holding at 41.1% Stable
Earnings Quality40/100 · Moderate
OPM stable around 13% SteadyWorking capital: 232 days Capital intensive
Quarterly Momentum35/100 · Weak
Revenue (4Q): -21% YoY Declining
Industry Rank20/100 · Weak
ROCE 1.7% vs industry 15.2% Below peersROE 3.4% vs industry 30.5% Below peers3Y sales CAGR: -18% Shrinking

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, 2:37 am

Market Cap 32.4 Cr.
Current Price 21.2
Intrinsic Value₹56.03
High / Low 45.8/18.6
Stock P/E
Book Value 120
Dividend Yield0.00 %
ROCE1.68 %
ROE3.36 %
Face Value 10.0
PEG Ratio0.00

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

View Share Price Target for Aro Granite Industries Ltd

Competitors

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
Inani Marbles & Industries Ltd 17.4 Cr. 9.35 23.9/8.40 28.90.43 %4.07 %1.27 % 2.00
Global Surfaces Ltd 197 Cr. 46.6 145/43.7 69.90.00 %1.97 %9.08 % 10.0
Glittek Granites Ltd 102 Cr. 39.1 80.2/4.404.00 4.360.00 %115 %280 % 5.00
Elegant Marbles and Grani Industries Ltd 45.8 Cr. 154 274/13312.0 4920.65 %3.62 %2.93 % 10.0
Divyashakti Ltd 49.1 Cr. 47.8 75.0/44.533.9 1944.18 %2.18 %1.58 % 10.0
Industry Average998.33 Cr123.3636.48180.540.48%15.18%30.50%8.09

All Competitor Stocks of Aro Granite Industries Ltd

Quarterly Result

MetricSep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025
Sales 37.6034.3146.9651.4337.4233.3532.9037.5528.6130.1226.8127.0420.27
Expenses 31.6934.8539.9342.9631.8626.5824.9232.4428.5529.6926.1021.4519.81
Operating Profit 5.91-0.547.038.475.566.777.985.110.060.430.715.590.46
OPM % 15.72%-1.57%14.97%16.47%14.86%20.30%24.26%13.61%0.21%1.43%2.65%20.67%2.27%
Other Income 0.900.180.050.591.300.210.351.18-2.085.415.140.443.86
Interest 3.303.243.723.883.503.715.013.543.092.973.273.484.27
Depreciation 3.213.193.202.942.922.922.942.602.362.502.482.452.45
Profit before tax 0.30-6.790.162.240.440.350.380.15-7.470.370.100.10-2.40
Tax % -126.67%5.15%-200.00%41.07%11.36%77.14%5.26%-400.00%-3.61%102.70%70.00%40.00%3.33%
Net Profit 0.68-7.140.491.320.390.080.360.75-7.200.000.020.06-2.49
EPS in Rs 0.44-4.670.320.860.250.050.240.49-4.710.000.010.04-1.63

Last Updated: January 2, 2026, 11:00 am

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: March 19, 2026, 4:30 am

MetricMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales 250.51252.55213.30236.79198.96171.34177.18178.68223.96163.41154.19122.6688.81
Expenses 216.26223.86193.33207.44186.42147.56158.65154.88193.88144.36123.33116.2983.81
Operating Profit 34.2528.6919.9729.3512.5423.7818.5323.8030.0819.0530.866.375.00
OPM % 13.67%11.36%9.36%12.39%6.30%13.88%10.46%13.32%13.43%11.66%20.01%5.19%5.63%
Other Income 4.625.111.151.331.252.083.150.631.360.550.389.5914.48
Interest 5.346.255.225.203.855.075.985.387.9312.7816.1112.8714.80
Depreciation 5.168.599.129.108.658.2510.5311.0712.7412.7311.729.949.80
Profit before tax 28.3718.966.7816.381.2912.545.177.9810.77-5.913.41-6.85-5.12
Tax % 25.66%11.97%13.57%22.95%8.53%22.49%30.37%24.19%17.36%-2.03%61.29%-6.28%
Net Profit 21.0916.695.8612.621.179.723.616.058.91-5.791.31-6.42-5.38
EPS in Rs 13.7810.913.838.250.766.352.363.955.82-3.780.86-4.20-3.52
Dividend Payout % 7.25%9.17%26.11%12.12%-0.00%15.74%-0.00%-0.00%-0.00%-0.00%-0.00%-0.00%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-20242024-2025
YoY Net Profit Growth (%)-20.86%-64.89%115.36%-90.73%730.77%-62.86%67.59%47.27%-164.98%122.63%-590.08%
Change in YoY Net Profit Growth (%)0.00%-44.03%180.25%-206.09%821.50%-793.63%130.45%-20.32%-212.26%287.61%-712.70%

Aro Granite Industries 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:-7%
5 Years:-7%
3 Years:-18%
TTM:-20%
Compounded Profit Growth
10 Years:%
5 Years:%
3 Years:%
TTM:-551%
Stock Price CAGR
10 Years:-2%
5 Years:7%
3 Years:-10%
1 Year:-36%
Return on Equity
10 Years:2%
5 Years:0%
3 Years:-2%
Last Year:-3%

Last Updated: September 4, 2025, 11:35 pm

Balance Sheet

Last Updated: April 8, 2026, 1:00 am

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital 15.3015.3015.3015.3015.3015.3015.3015.3015.3015.3015.3015.3015.30
Reserves 126.62139.39143.36154.17155.30164.92166.19172.34181.12175.31176.72170.56168.01
Borrowings 109.19118.92115.35101.7892.57128.83158.92168.43199.30205.02188.75159.65148.21
Other Liabilities 40.8236.1835.2437.0540.5234.4454.1448.4355.6654.7563.8274.2471.61
Total Liabilities 291.93309.79309.25308.30303.69343.49394.55404.50451.38450.38444.59419.75403.13
Fixed Assets 83.5773.6972.5590.5689.7889.94139.30174.43162.67160.16148.73139.10134.23
CWIP 0.006.9720.662.465.5522.6941.550.987.810.980.981.041.04
Investments 0.020.020.020.020.900.810.850.871.141.100.840.880.77
Other Assets 208.34229.11216.02215.26207.46230.05212.85228.22279.76288.14294.04278.73267.09
Total Assets 291.93309.79309.25308.30303.69343.49394.55404.50451.38450.38444.59419.75403.13

Reserves and Borrowings Chart

Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity + -0.850.2521.0216.2822.19-3.1762.940.65-18.1513.9635.0333.01
Cash from Investing Activity + 0.70-3.69-24.24-6.58-10.75-26.31-77.73-3.94-6.19-3.030.040.22
Cash from Financing Activity + 12.667.95-5.41-15.41-11.0531.8011.742.7023.94-14.53-32.35-33.53
Net Cash Flow 12.514.51-8.63-5.710.402.31-3.05-0.60-0.40-3.602.73-0.30
Free Cash Flow 3.23-7.77-0.7916.2822.19-30.02-15.40-3.82-24.6710.5634.8832.82
CFO/OP -2%17%112%68%189%-3%351%6%-57%78%114%518%

Free Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow-74.94-90.23-95.38-72.43-80.03-105.05-140.39-144.63-169.22-185.97-157.89-153.28

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 129122138127128122121131119137117104
Inventory Days 2162583063734136217257597931,2991,6231,342
Days Payable 514349548879158150148233306307
Cash Conversion Cycle 2943373964464536646887397641,2041,4351,139
Working Capital Days 7710513112813911868115151210220232
ROCE %11%10%4%8%2%6%3%4%5%2%5%2%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Promoters 41.06%41.06%41.06%41.06%41.06%41.08%41.08%41.08%41.08%41.08%41.08%41.08%
FIIs 0.00%0.00%0.00%0.00%0.02%0.03%0.60%0.00%0.00%0.00%0.00%0.00%
Public 58.94%58.94%58.93%58.93%58.92%58.88%58.32%58.91%58.91%58.91%58.91%58.92%
No. of Shareholders 13,42013,19813,10112,62712,25111,91712,25412,11611,89111,75811,78511,544

Shareholding Pattern Chart

No. of Shareholders

Aro Granite Industries 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.) -4.070.89-3.845.894.02
Diluted EPS (Rs.) -4.070.89-3.845.894.02
Cash EPS (Rs.) 2.308.524.5414.1511.19
Book Value[Excl.RevalReserv]/Share (Rs.) 121.48125.51124.58128.38122.64
Book Value[Incl.RevalReserv]/Share (Rs.) 121.48125.51124.58128.38122.64
Revenue From Operations / Share (Rs.) 80.45101.37107.13146.89117.24
PBDIT / Share (Rs.) 10.4320.4112.8120.5515.97
PBIT / Share (Rs.) 3.9412.754.4912.238.73
PBT / Share (Rs.) -4.482.22-3.867.045.21
Net Profit / Share (Rs.) -4.200.85-3.785.823.95
PBDIT Margin (%) 12.9620.1311.9513.9913.61
PBIT Margin (%) 4.8912.584.198.327.44
PBT Margin (%) -5.562.19-3.604.794.44
Net Profit Margin (%) -5.210.84-3.533.963.37
Return on Networth / Equity (%) -3.450.68-3.034.533.22
Return on Capital Employeed (%) 2.627.672.596.785.46
Return On Assets (%) -1.530.29-1.281.971.49
Long Term Debt / Equity (X) 0.150.240.310.330.22
Total Debt / Equity (X) 0.850.981.081.010.85
Asset Turnover Ratio (%) 0.280.340.360.520.44
Current Ratio (X) 1.461.531.541.581.41
Quick Ratio (X) 0.330.410.460.570.54
Inventory Turnover Ratio (X) 0.570.400.540.930.75
Interest Coverage Ratio (X) 1.241.941.533.964.54
Interest Coverage Ratio (Post Tax) (X) 0.501.080.542.122.12
Enterprise Value (Cr.) 207.33248.05255.89273.27213.74
EV / Net Operating Revenue (X) 1.681.601.561.221.19
EV / EBITDA (X) 12.997.9413.058.698.75
MarketCap / Net Operating Revenue (X) 0.450.430.340.370.35
Price / BV (X) 0.300.350.290.420.33
Price / Net Operating Revenue (X) 0.450.430.340.370.35
EarningsYield -0.110.01-0.100.100.09

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

About the Company - Qualitative Analysis

Aro Granite Industries Ltd. is a Public Limited Listed company incorporated on 03/05/1988 and has its registered office in the State of Delhi, India. Company's Corporate Identification Number(CIN) is L74899DL1988PLC031510 and registration number is 031510. Currently company belongs to the Industry of Granites/Marbles. Company's Total Operating Revenue is Rs. 123.09 Cr. and Equity Capital is Rs. 15.30 Cr. for the Year ended 31/03/2025.
INDUSTRYADDRESSCONTACT
Granites/Marbles1001, 10th Floor, New Delhi Delhi 110025Contact not found
Management
NamePosition Held
Mr. Sunil Kumar AroraManaging Director
Mr. Sahil AroraWhole Time Director
Mrs. Sujata AroraDirector
Mr. Sundareshwara G SastryIndependent Director
Mr. Ashish Jyotindra BhutaIndependent Director
Mr. Keshava Murthy KalasacharIndependent Director

FAQ

What is the intrinsic value of Aro Granite Industries Ltd and is it undervalued?

As of 13 April 2026, Aro Granite Industries Ltd's intrinsic value is ₹56.03, which is 164.29% higher than the current market price of ₹21.20, suggesting the stock is undervalued. This is calculated using the PE ratio method factoring in ROE (3.36 %), book value (₹120), dividend yield (0.00 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of Aro Granite Industries Ltd?

Aro Granite Industries Ltd is trading at ₹21.20 as of 13 April 2026, with a FY2026-2027 high of ₹45.8 and low of ₹18.6. The stock is currently near its 52-week low. Market cap stands at ₹32.4 Cr..

How does Aro Granite Industries Ltd's P/E ratio compare to its industry?

Aro Granite Industries Ltd has a P/E ratio of , which is below the industry average of 36.48. This is broadly in line with or below the industry average.

Is Aro Granite Industries Ltd financially healthy?

Key indicators for Aro Granite Industries Ltd: ROCE of 1.68 % is on the lower side compared to the industry average of 15.18%; ROE of 3.36 % is below ideal levels (industry average: 30.50%). Dividend yield is 0.00 %.

Is Aro Granite Industries Ltd profitable and how is the profit trend?

Aro Granite Industries Ltd reported a net profit of ₹-6 Cr in Mar 2025 on revenue of ₹123 Cr. Compared to ₹9 Cr in Mar 2022, the net profit shows a declining trend.

Does Aro Granite Industries Ltd pay dividends?

Aro Granite Industries Ltd has a dividend yield of 0.00 % at the current price of ₹21.20. The company is currently not paying meaningful dividends.

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 Aro Granite Industries 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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