ARO Granite Industries Limited (IN:AROGRANITE)
:AROGRANITE
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ARO Granite Industries Limited
(AROGRANITE)
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Rating:48Neutral
Price Target:
₹24.50
▼(-25.74% 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
Strong free cash flow
The cash flow statement shows the company generates strong free cash flow even while reporting net losses. Durable cash generation supports working capital, capex and debt servicing, reducing reliance on external financing and providing runway to execute restructuring over months.
Negative Factors
Sharp revenue decline
A more than 30% revenue contraction materially reduces scale, limits absorption of fixed costs and undermines future cash conversion. Sustained top-line weakness constrains recovery options, pressures margins and makes multi-month operational turnarounds harder to execute.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong free cash flow
The cash flow statement shows the company generates strong free cash flow even while reporting net losses. Durable cash generation supports working capital, capex and debt servicing, reducing reliance on external financing and providing runway to execute restructuring over months.
Read all positive factors
ARO Granite Industries Limited (AROGRANITE) vs. iShares MSCI India ETF (INDA)
Market Cap
₹376.99M
Dividend YieldN/A
Average Volume (3M)16.51K
Price to Earnings (P/E)―
Beta (1Y)1.78
Revenue Growth-21.28%
EPS Growth59.71%
CountryIN
Employees248
SectorBasic Materials
Sector Strength58
IndustryConstruction
Share Statistics
EPS (TTM)-1.94
Shares Outstanding15,300,000
10 Day Avg. Volume2,985
30 Day Avg. Volume16,510
Financial Highlights & Ratios
PEG Ratio0.01
Price to Book (P/B)0.30
Price to Sales (P/S)0.45
P/FCF Ratio1.69
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
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ARO Granite Industries Limited Financial Statement Overview
Summary
Income Statement
45
Neutral
Balance Sheet
55
Neutral
Cash Flow
60
Neutral
| Breakdown | TTM | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 1.04B | 1.23B | 1.55B | 1.64B | 2.25B | 1.79B |
| Gross Profit | 423.41M | 531.97M | 748.15M | 291.19M | 865.78M | 713.34M |
| EBITDA | 220.43M | 159.63M | 312.34M | 196.01M | 314.45M | 244.28M |
| Net Income | -24.18M | -64.23M | 13.14M | -57.88M | 89.06M | 60.48M |
Balance Sheet | ||||||
| Total Assets | 4.03B | 4.20B | 4.45B | 4.50B | 4.51B | 4.04B |
| Cash, Cash Equivalents and Short-Term Investments | 95.09M | 58.80M | 63.18M | 24.78M | 34.36M | 32.49M |
| Total Debt | 1.48B | 1.60B | 1.89B | 2.05B | 1.99B | 1.68B |
| Total Liabilities | 2.20B | 2.34B | 2.53B | 2.60B | 2.55B | 2.17B |
| Stockholders Equity | 1.83B | 1.86B | 1.92B | 1.91B | 1.96B | 1.88B |
Cash Flow | ||||||
| Free Cash Flow | 157.53M | 326.23M | 348.83M | 105.55M | -246.68M | -38.19M |
| Operating Cash Flow | 157.89M | 330.13M | 350.34M | 139.57M | -181.49M | 6.47M |
| Investing Cash Flow | 1.64M | 2.17M | 416.00K | -30.28M | -61.89M | -39.41M |
| Financing Cash Flow | -151.94M | -335.31M | -323.47M | -145.30M | 239.37M | 26.97M |
ARO Granite Industries Limited Technical Analysis
Neutral
32.99
Price Trends
25.61
Negative
28.30
Negative
32.98
Negative
Market Momentum
-0.66
Negative
55.52
Neutral
82.13
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:AROGRANITE, the sentiment is Neutral. The current price of 32.99 is above the 20-day moving average (MA) of 22.63, above the 50-day MA of 25.61, and above the 200-day MA of 32.98, indicating a neutral trend. The MACD of -0.66 indicates Negative momentum. The RSI at 55.52 is Neutral, neither overbought nor oversold. The STOCH value of 82.13 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral 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% | |
52 Neutral | ₹225.06M | -1.40 | ― | ― | -98.56% | -96.41% | |
48 Neutral | ₹376.99M | -4.01 | ― | ― | -21.28% | 59.71% | |
48 Neutral | ₹283.67M | -5.93 | ― | ― | ― | ― | |
46 Neutral | ₹308.67M | -19.39 | ― | ― | -15.13% | 14.17% | |
45 Neutral | ₹3.86B | -5.66 | ― | 1.08% | -0.52% | 29.48% |
* Basic Materials Sector Average
IN:AROGRANITE
ARO Granite Industries Limited
24.64
-8.86
-26.45%
IN:ASTRON
Astron Paper & Board Mill Ltd.
4.84
-8.37
-63.36%
IN:MADHAV
Madhav Marbles & Granites Ltd.
34.50
-6.25
-15.34%
IN:ORIENTPPR
Orient Paper & Industries Ltd.
18.18
-4.98
-21.50%
IN:PEARLPOLY
Pearl Polymers Limited
16.85
-10.64
-38.70%
IN:VIKASPROP
Vikas Proppant & Granite Limited
0.31
-0.09
-22.50%
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.