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ARO Granite Industries Limited (IN:AROGRANITE)
:AROGRANITE
India Market

ARO Granite Industries Limited (AROGRANITE) AI Stock Analysis

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IN:AROGRANITE

ARO Granite Industries Limited

(AROGRANITE)

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Neutral 48 (OpenAI - 5.2)
Rating:48Neutral
Price Target:
₹20.00
▼(-39.38% Downside)
Action:ReiteratedDate:04/02/26
Score is held back primarily by weak financial performance (declining revenue and losses, plus high leverage) and strongly bearish technicals (below key moving averages with negative MACD). Robust free cash flow provides some support, but valuation remains challenged due to negative earnings and no available dividend yield.
Positive Factors
Free cash flow generation
Strong free cash flow despite net losses provides durable liquidity to cover working capital and essential capex, fund operations through downturns, and service or reduce debt. Structural cash generation gives management time and options to repair margins and invest selectively over months.
Negative Factors
Declining revenue
A >30% revenue decline is a structural concern that reduces scale and operating leverage, erodes pricing power, and limits scope for fixed-cost absorption. Sustained top-line contraction over months makes margin recovery and reinvestment materially harder without clear demand remediation.
Read all positive and negative factors
Positive Factors
Negative Factors
Free cash flow generation
Strong free cash flow despite net losses provides durable liquidity to cover working capital and essential capex, fund operations through downturns, and service or reduce debt. Structural cash generation gives management time and options to repair margins and invest selectively over months.
Read all positive factors

ARO Granite Industries Limited (AROGRANITE) vs. iShares MSCI India ETF (INDA)

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
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ARO Granite Industries Limited Financial Statement Overview

Summary
Weak profitability and declining revenue (negative net margin; negative EBIT margin) weigh on results. Balance sheet is moderately stable but highly leveraged, increasing risk. Offsetting factor is relatively strong free cash flow and favorable operating cash flow vs. net income.
Income Statement
45
Neutral
Balance Sheet
55
Neutral
Cash Flow
60
Neutral
BreakdownTTMMar 2025Mar 2024Mar 2023Mar 2022Mar 2021
Income Statement
Total Revenue1.04B1.23B1.55B1.64B2.25B1.79B
Gross Profit423.41M531.97M748.15M291.19M865.78M713.34M
EBITDA220.43M159.63M312.34M196.01M314.45M244.28M
Net Income-24.18M-64.23M13.14M-57.88M89.06M60.48M
Balance Sheet
Total Assets4.03B4.20B4.45B4.50B4.51B4.04B
Cash, Cash Equivalents and Short-Term Investments95.09M58.80M63.18M24.78M34.36M32.49M
Total Debt1.48B1.60B1.89B2.05B1.99B1.68B
Total Liabilities2.20B2.34B2.53B2.60B2.55B2.17B
Stockholders Equity1.83B1.86B1.92B1.91B1.96B1.88B
Cash Flow
Free Cash Flow157.53M326.23M348.83M105.55M-246.68M-38.19M
Operating Cash Flow157.89M330.13M350.34M139.57M-181.49M6.47M
Investing Cash Flow1.64M2.17M416.00K-30.28M-61.89M-39.41M
Financing Cash Flow-151.94M-335.31M-323.47M-145.30M239.37M26.97M

ARO Granite Industries Limited Technical Analysis

Technical Analysis Sentiment
Negative
Last Price32.99
Price Trends
50DMA
26.09
Negative
100DMA
28.86
Negative
200DMA
33.39
Negative
Market Momentum
MACD
-1.72
Positive
RSI
33.81
Neutral
STOCH
24.25
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 22.97, above the 50-day MA of 26.09, and below the 200-day MA of 33.39, indicating a bearish trend. The MACD of -1.72 indicates Positive momentum. The RSI at 33.81 is Neutral, neither overbought nor oversold. The STOCH value of 24.25 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

Overall Rating
UnderperformOutperform
Sector (61)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
61
Neutral
$10.43B7.12-0.05%2.87%2.86%-36.73%
48
Neutral
₹320.99M-4.01-21.28%59.71%
48
Neutral
₹252.36M-5.93
47
Neutral
₹170.19M-1.40-98.56%-96.41%
46
Neutral
₹278.07M-19.39-15.13%14.17%
45
Neutral
₹3.44B-5.661.08%-0.52%29.48%
* Basic Materials Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
IN:AROGRANITE
ARO Granite Industries Limited
20.98
-13.52
-39.19%
IN:ASTRON
Astron Paper & Board Mill Ltd.
3.66
-9.08
-71.27%
IN:MADHAV
Madhav Marbles & Granites Ltd.
31.08
-8.68
-21.83%
IN:ORIENTPPR
Orient Paper & Industries Ltd.
16.19
-6.68
-29.21%
IN:PEARLPOLY
Pearl Polymers Limited
14.99
-13.22
-46.86%
IN:VIKASPROP
Vikas Proppant & Granite Limited
0.30
-0.09
-23.08%
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.Date of analysis: Apr 02, 2026