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Aaron Industries Ltd.
(AARON)
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Rating:61Neutral
Price Target:
₹143.00
▼(-16.13% Downside)
Action:Reiterated
Date:07/25/26
The score is primarily supported by solid fundamentals (strong revenue growth and healthy operating margins with improving leverage), but is held back by uneven cash-flow consistency and 2026 margin compression. Technicals are moderately positive in the near term but still below the 200-day trend, and valuation is a notable headwind due to the high P/E and low dividend yield.
Positive Factors
Revenue Growth
Sustained multi-year revenue expansion to 920.1M indicates structural demand and successful market penetration. A larger revenue base enhances operating leverage, funds strategic investment and working capital, and improves resilience to sector cyclicality over the medium term.
Negative Factors
Net Margin Compression
A notable decline in net margin despite higher sales points to cost pressures, adverse mix, or rising non-operating expenses. Persistent margin erosion would undermine earnings quality and could strain funds available for capex, dividends, or debt reduction if not reversed.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Growth
Sustained multi-year revenue expansion to 920.1M indicates structural demand and successful market penetration. A larger revenue base enhances operating leverage, funds strategic investment and working capital, and improves resilience to sector cyclicality over the medium term.
Read all positive factors
Aaron Industries Ltd. (AARON) vs. iShares MSCI India ETF (INDA)
Market Cap
₹2.84B
Dividend Yield0.44%
Average Volume (3M)31.88K
Price to Earnings (P/E)35.9
Beta (1Y)0.39
Revenue Growth18.06%
EPS Growth-17.54%
CountryIN
Employees192
SectorGeneral
Sector StrengthN/A
IndustryIndustrial - Machinery
Share Statistics
EPS (TTM)3.78
Shares Outstanding20,946,478
10 Day Avg. Volume28,614
30 Day Avg. Volume31,881
Financial Highlights & Ratios
PEG Ratio-1.97
Price to Book (P/B)4.67
Price to Sales (P/S)2.47
P/FCF Ratio38.13
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Aaron Industries Ltd. Business Overview & Revenue Model
Company Description
Aaron Industries Limited, an Indian company established in 2013 and based in Surat, specializes in the manufacturing and distribution of elevators and their associated components across India. The firm's operations are segmented into three primary...
Aaron Industries Ltd. Financial Statement Overview
Summary
Income Statement
72
Positive
Balance Sheet
66
Positive
Cash Flow
58
Neutral
| Breakdown | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 920.05M | 779.30M | 631.81M | 558.50M | 377.29M |
| Gross Profit | 214.94M | 191.47M | 210.33M | 176.90M | 114.00M |
| EBITDA | 176.87M | 150.32M | 111.66M | 96.54M | 59.03M |
| Net Income | 67.97M | 82.43M | 63.31M | 54.04M | 37.09M |
Balance Sheet | |||||
| Total Assets | 911.78M | 828.24M | 746.79M | 387.62M | 297.02M |
| Cash, Cash Equivalents and Short-Term Investments | 31.61M | 1.31M | 870.00K | 479.00K | 348.00K |
| Total Debt | 277.48M | 318.57M | 315.62M | 113.73M | 91.54M |
| Total Liabilities | 425.66M | 397.94M | 388.37M | 182.83M | 138.13M |
| Stockholders Equity | 486.12M | 430.30M | 358.43M | 204.79M | 158.89M |
Cash Flow | |||||
| Free Cash Flow | 59.57M | 7.80M | -277.39M | -7.99M | -19.19M |
| Operating Cash Flow | 78.64M | 87.69M | 56.04M | 40.71M | 11.74M |
| Investing Cash Flow | -19.11M | -80.04M | -332.58M | -48.36M | -30.75M |
| Financing Cash Flow | -60.72M | -7.21M | 276.94M | 7.78M | 19.14M |
Aaron Industries Ltd. Technical Analysis
Positive
170.51
Price Trends
121.72
Positive
128.68
Positive
151.84
Negative
Market Momentum
3.99
Negative
58.96
Neutral
41.56
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:AARON, the sentiment is Positive. The current price of 170.51 is above the 20-day moving average (MA) of 126.21, above the 50-day MA of 121.72, and above the 200-day MA of 151.84, indicating a neutral trend. The MACD of 3.99 indicates Negative momentum. The RSI at 58.96 is Neutral, neither overbought nor oversold. The STOCH value of 41.56 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:AARON.
Aaron Industries Ltd. Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
79 Outperform | ₹22.80B | 21.32 | ― | 0.52% | -1.21% | -5.31% | |
69 Neutral | ₹31.91B | 41.77 | ― | 0.35% | 0.14% | -13.52% | |
67 Neutral | ₹14.06B | 39.24 | ― | ― | 32.15% | 37.62% | |
65 Neutral | ₹31.65B | 49.61 | ― | 1.06% | -16.88% | -34.25% | |
61 Neutral | ₹2.84B | 35.93 | ― | 0.33% | 18.06% | -17.54% | |
58 Neutral | ₹12.74B | 51.50 | ― | 0.40% | -4.46% | -26.02% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
* General Sector Average
IN:AARON
Aaron Industries Ltd.
134.57
-97.01
-41.89%
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Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.