ARO Granite Industries Limited (IN:AROGRANITE)
:AROGRANITE
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ARO Granite Industries Limited
(AROGRANITE)
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Rating:43Neutral
Price Target:
₹24.00
▼(-27.25% Downside)
Action:Reiterated
Date:05/20/26
The score is held down primarily by weakening financial performance (loss-making year, declining revenue, and sharply lower operating/free cash flow). Technicals are only mildly supportive with neutral momentum but a bearish longer-term trend, while valuation remains constrained by negative earnings and no dividend yield data.
Positive Factors
Decreasing Leverage & Sizable Equity
A multi-year reduction in gross debt alongside a still-material equity base provides structural financial flexibility. Lower leverage reduces refinancing and interest burden risk and gives room to absorb operating volatility, supporting longer-term survival and turnaround capacity.
Negative Factors
Sizable Net Loss & Negative EBIT
A material net loss and negative EBIT point to persistent profitability headwinds from non-operating items, depreciation or rising costs below EBITDA. Sustained losses erode retained earnings, constrain reinvestment, and make it harder to finance operations without structural turnaround.
Read all positive and negative factors
Positive Factors
Negative Factors
Decreasing Leverage & Sizable Equity
A multi-year reduction in gross debt alongside a still-material equity base provides structural financial flexibility. Lower leverage reduces refinancing and interest burden risk and gives room to absorb operating volatility, supporting longer-term survival and turnaround capacity.
Read all positive factors
ARO Granite Industries Limited (AROGRANITE) vs. iShares MSCI India ETF (INDA)
Market Cap
₹393.52M
Dividend YieldN/A
Average Volume (3M)16.51K
Price to Earnings (P/E)―
Beta (1Y)1.80
Revenue Growth-40.28%
EPS Growth-84.52%
CountryIN
Employees248
SectorBasic Materials
Sector Strength58
IndustryConstruction
Share Statistics
EPS (TTM)-1.61
Shares Outstanding15,300,000
10 Day Avg. Volume2,985
30 Day Avg. Volume16,510
Financial Highlights & Ratios
PEG Ratio-0.03
Price to Book (P/B)0.17
Price to Sales (P/S)0.39
P/FCF Ratio14.30
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
ARO Granite Industries Limited Business Overview & Revenue Model
Company Description
Aro Granite Industries Limited engages in the manufacturing, processing, and selling of polished/flamed granite tiles and slabs primarily in India. The company offers natural stone granites slab and tiles; and engineered quartz stone slabs. It als...
How the Company Makes Money
The company makes money primarily by selling processed granite and related natural stone products to customers. More specific details on its revenue model (e.g., breakdown by product category, customer segment, domestic vs. export mix, pricing str...
ARO Granite Industries Limited Financial Statement Overview
Summary
Income Statement
28
Negative
Balance Sheet
44
Neutral
Cash Flow
41
Neutral
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 1.04B | 735.16M | 1.23B | 1.55B | 1.64B | 2.25B |
| Gross Profit | 423.41M | 147.65M | 531.97M | 748.15M | 291.19M | 865.78M |
| EBITDA | 220.43M | 15.01M | 159.63M | 312.34M | 196.01M | 314.45M |
| Net Income | -24.18M | -118.17M | -64.23M | 13.14M | -57.88M | 89.06M |
Balance Sheet | ||||||
| Total Assets | 4.03B | 3.94B | 4.20B | 4.45B | 4.50B | 4.51B |
| Cash, Cash Equivalents and Short-Term Investments | 95.09M | 128.82M | 58.80M | 63.18M | 24.78M | 34.36M |
| Total Debt | 1.48B | 1.52B | 1.60B | 1.89B | 2.05B | 1.99B |
| Total Liabilities | 2.20B | 2.20B | 2.34B | 2.53B | 2.60B | 2.55B |
| Stockholders Equity | 1.83B | 1.74B | 1.86B | 1.92B | 1.91B | 1.96B |
Cash Flow | ||||||
| Free Cash Flow | 157.53M | 20.19M | 326.23M | 348.83M | 105.55M | -246.68M |
| Operating Cash Flow | 157.89M | 21.56M | 330.13M | 350.34M | 139.57M | -181.49M |
| Investing Cash Flow | 1.64M | 23.98M | 2.17M | 416.00K | -30.28M | -61.89M |
| Financing Cash Flow | -151.94M | -4.30M | -335.31M | -323.47M | -145.30M | 239.37M |
ARO Granite Industries Limited Technical Analysis
Negative
32.99
Price Trends
25.01
Positive
26.64
Negative
30.90
Negative
Market Momentum
-0.10
Positive
49.36
Neutral
32.38
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:AROGRANITE, the sentiment is Negative. The current price of 32.99 is above the 20-day moving average (MA) of 25.99, above the 50-day MA of 25.01, and above the 200-day MA of 30.90, indicating a neutral trend. The MACD of -0.10 indicates Positive momentum. The RSI at 49.36 is Neutral, neither overbought nor oversold. The STOCH value of 32.38 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:AROGRANITE.
ARO Granite Industries Limited Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
53 Neutral | ₹339.99M | -30.12 | ― | ― | -16.68% | -243.69% | |
52 Neutral | ₹187.40M | -0.70 | ― | ― | -97.92% | 48.75% | |
43 Neutral | ₹393.52M | -3.31 | ― | ― | -40.28% | -84.52% | |
43 Neutral | ₹318.52M | -6.82 | ― | ― | -10.33% | 6.68% | |
43 Neutral | ₹3.85B | -13.27 | ― | 1.08% | 1.13% | 47.13% |
* Basic Materials Sector Average
IN:AROGRANITE
ARO Granite Industries Limited
25.72
-16.09
-38.48%
IN:ASTRON
Astron Paper & Board Mill Ltd.
4.03
-16.55
-80.42%
IN:MADHAV
Madhav Marbles & Granites Ltd.
38.00
-7.38
-16.26%
IN:ORIENTPPR
Orient Paper & Industries Ltd.
18.14
-11.38
-38.55%
IN:PEARLPOLY
Pearl Polymers Limited
18.92
-11.18
-37.14%
IN:VIKASPROP
Vikas Proppant & Granite Limited
0.29
-0.09
-23.68%
ARO Granite Industries Limited Corporate Events
Aro Granite Links Share Price Surge to Market Behaviour, Denies Internal Triggers
Apr 27, 2026
Aro Granite Industries Limited has clarified to the National Stock Exchange of India that its management has no specific comments on the recent significant movement in the company’s share price. The company attributed the volatility to gener...
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.