Agarwal Industrial Corporation Limited (IN:AGARIND)
:AGARIND
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Agarwal Industrial Corporation Limited
(AGARIND)
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Rating:68Neutral
Price Target:
₹634.00
▼(-11.32% Downside)
Action:Reiterated
Date:06/16/26
The score is driven primarily by mid-range financial performance marked by recent revenue and net-margin pressure, balanced by improved leverage and a 2026 cash-flow rebound. Technicals are moderately positive (above key short/medium-term averages with positive MACD), and valuation is the strongest factor due to the extremely low P/E, with the modest dividend yield providing limited additional support.
Positive Factors
Improving leverage
Debt-to-equity improving to roughly 0.50 in 2026 and equity growth strengthen the balance sheet. Manageable leverage lowers refinancing pressure and gives the company greater financial flexibility to fund fleet maintenance, targeted capex and contract bids over the medium term.
Negative Factors
Revenue contraction
A roughly 25% revenue drop in 2026 marks material top-line deterioration after years of growth. Sustained revenue weakness would pressure fixed-cost absorption in a fleet-heavy business, reducing operating leverage and undermining margin and cash-generation prospects.
Read all positive and negative factors
Positive Factors
Negative Factors
Improving leverage
Debt-to-equity improving to roughly 0.50 in 2026 and equity growth strengthen the balance sheet. Manageable leverage lowers refinancing pressure and gives the company greater financial flexibility to fund fleet maintenance, targeted capex and contract bids over the medium term.
Read all positive factors
Agarwal Industrial Corporation Limited (AGARIND) vs. iShares MSCI India ETF (INDA)
Market Cap
₹8.63B
Dividend Yield0.45%
Average Volume (3M)2.97K
Price to Earnings (P/E)<0.1
Beta (1Y)1.28
Revenue Growth-31.13%
EPS Growth3690.43%
CountryIN
Employees129
SectorIndustrials
Sector Strength72
IndustryChemicals - Specialty
Share Statistics
EPS (TTM)55.67
Shares Outstanding14,957,789
10 Day Avg. Volume997
30 Day Avg. Volume2,971
Financial Highlights & Ratios
PEG Ratio-0.40
Price to Book (P/B)2.18
Price to Sales (P/S)0.91
P/FCF Ratio16.62
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
Agarwal Industrial Corporation Limited Business Overview & Revenue Model
Company Description
Agarwal Industrial Corporation Limited (AICL) operates primarily in India, specializing in the production and commercialization of petrochemicals. Its business activities are segmented into petrochemicals, transportation services, and power genera...
How the Company Makes Money
AGARIND makes money mainly through (1) liquid logistics services and (2) petroleum product trading/marketing. In liquid logistics, it earns service revenue by transporting bulk liquids for customers using its tank-truck fleet and logistics capabil...
Agarwal Industrial Corporation Limited Financial Statement Overview
Summary
Income Statement
58
Neutral
Balance Sheet
66
Positive
Cash Flow
55
Neutral
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 22.09B | 16.52B | 24.09B | 21.25B | 20.15B | 15.98B |
| Gross Profit | 4.82B | 3.68B | 5.34B | 2.12B | 1.62B | 1.39B |
| EBITDA | 1.83B | 1.17B | 2.06B | 1.78B | 1.45B | 1.08B |
| Net Income | 832.61M | 435.65M | 1.16B | 1.09B | 922.58M | 636.89M |
Balance Sheet | ||||||
| Total Assets | 13.44B | 12.02B | 13.45B | 11.20B | 7.50B | 5.43B |
| Cash, Cash Equivalents and Short-Term Investments | 848.21M | 1.11B | 868.33M | 980.13M | 591.31M | 624.66M |
| Total Debt | 4.17B | 3.41B | 4.35B | 3.61B | 1.58B | 1.71B |
| Total Liabilities | 6.88B | 5.13B | 7.18B | 6.09B | 3.46B | 2.49B |
| Stockholders Equity | 6.56B | 6.89B | 6.27B | 5.11B | 4.04B | 2.95B |
Cash Flow | ||||||
| Free Cash Flow | 333.10M | 902.55M | -650.12M | -1.58B | 79.70M | -8.60M |
| Operating Cash Flow | 942.66M | 2.12B | 998.41M | 1.12B | 1.57B | 646.82M |
| Investing Cash Flow | -613.21M | -930.72M | -1.57B | -2.76B | -1.58B | -696.48M |
| Financing Cash Flow | -390.46M | -1.01B | 395.01M | 1.78B | -154.16M | 190.07M |
Agarwal Industrial Corporation Limited Technical Analysis
Positive
714.95
Price Trends
437.69
Positive
503.64
Positive
660.45
Negative
Market Momentum
27.51
Negative
70.76
Negative
77.29
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:AGARIND, the sentiment is Positive. The current price of 714.95 is above the 20-day moving average (MA) of 454.27, above the 50-day MA of 437.69, and above the 200-day MA of 660.45, indicating a neutral trend. The MACD of 27.51 indicates Negative momentum. The RSI at 70.76 is Negative, neither overbought nor oversold. The STOCH value of 77.29 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:AGARIND.
Agarwal Industrial Corporation Limited Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
73 Outperform | ₹20.93B | 18.66 | ― | 1.57% | 26.47% | 35.12% | |
68 Neutral | ₹8.63B | 0.07 | ― | 0.45% | -31.13% | 3690.43% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
59 Neutral | ₹15.64B | 108.31 | ― | 0.62% | 1.11% | -63.15% | |
56 Neutral | ₹12.86B | 107.10 | ― | 0.42% | -8.22% | 3.58% | |
53 Neutral | ₹11.60B | 21.83 | ― | 0.36% | 23.98% | -20.50% |
* Industrials Sector Average
IN:AGARIND
Agarwal Industrial Corporation Limited
552.90
-421.17
-43.24%
IN:INDNIPPON
India Nippon Electricals Limited
918.55
215.53
30.66%
IN:RIIL
Reliance Industrial Infrastructure Limited
875.20
-76.61
-8.05%
IN:SALZERELEC
Salzer Electronics Limited
652.45
-248.74
-27.60%
IN:WENDT
WENDT India Limited
7,864.75
-414.01
-5.00%
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.