ARO Granite Industries Limited (AROGRANITE) AI Stock Analysis

• Market Cap: ₹365.67M
• Dividend Yield: N/A
• Average Volume (3M): 16.51K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.64
• Revenue Growth: -21.28%
• EPS Growth: 59.71%
• Country: IN
• Employees: 248
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Construction
• EPS (TTM): -1.94
• Shares Outstanding: 15,300,000
• 10 Day Avg. Volume: 2,985
• 30 Day Avg. Volume: 16,510
• PEG Ratio: 0.01
• Price to Book (P/B): 0.30
• Price to Sales (P/S): 0.45
• P/FCF Ratio: 1.69
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 48 Neutral
• Price Target: ₹23.50 ▼(-28.77% Downside)
• Action: Reiterated Date: 04/02/26
• Date: Action: Reiterated 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 Strength

Consistent free cash flow despite accounting losses signals durable cash-generation capacity. This cash can fund working capital, maintenance capex and debt service, lowering reliance on external financing and improving operational resilience over the next several quarters.

Negative Factors

Revenue Decline

A c.31% decline in revenue reflects material top-line deterioration that can be structural. Sustained revenue contraction reduces scale, weakens pricing power, and erodes margins, making it harder to restore profitability or justify fixed-cost investments over the medium term.

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...

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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

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

• Technical Analysis Sentiment: Neutral
• Last Price: 32.99
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: 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 25.68, and below the 200-day MA of 33.06, indicating a neutral trend. The MACD of -0.90 indicates Negative momentum. The RSI at 51.98 is Neutral, neither overbought nor oversold. The STOCH value of 81.74 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

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
ASTRON	50 Neutral	₹208.32M	-1.40	―	―	-98.56%	-96.41%
AROGRANITE	48 Neutral	₹365.67M	-4.01	―	―	-21.28%	59.71%
PEARLPOLY	48 Neutral	₹274.24M	-5.93	―	―	―	―
MADHAV	46 Neutral	₹308.67M	-19.39	―	―	-15.13%	14.17%
ORIENTPPR	45 Neutral	₹3.83B	-5.66	―	1.08%	-0.52%	29.48%