AARON

Aaron Industries Limited

Elevator products and components, stainless steel polishing services

Industrials›Capital Goods›Industrial Manufacturing›Industrial Products

aaronindustries.net(opens the company website in a new tab)
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Key metrics

Price as of 2026-10-16

Stock price
₹126.22
Market cap
265 Cr
Stock P/E
31.9
P/B
5.44
Dividend yield
0.5%
ROE (FY26)
14.0%
ROCE (FY26)
18.3%
Operating margin (FY26)
15.0%
Debt / equity (FY26)
0.57
OCF / EBITDA (FY26)
43.4%
OCF / EBITDA (3Y)
50.2%

Full years shown; sign in free for the trailing twelve months. Learn about these metrics →

Price & valuation

Share price and valuation multiples (P/E, P/B and more) over time.

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Compare with peers

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What you need to know

Aaron Industries makes elevator doors, cabins and related components, and runs a stainless steel sheet polishing division alongside the elevator business.

Company snapshot

60thBy market cap

Ranked among 69 companies in Industrial Products.

Segment mix

Reportable segments as of 2024-12-31 (Standalone). Revenue share = segment revenue ÷ total revenue.

Largest segment: 82.7% of revenue

SegmentRevenue shareRevenuePBTAssets
Elevator Division
82.7%
44 Cr20 Cr—
Steel Polishing Division
17.3%
9 Cr-10 Cr—
Unallocated—0 Cr-2 Cr—

Statement tables · Standalone

Switches quarterly, P&L, balance sheet, and cash flow. Key metrics and ratios stay on consolidated when available.

Standalone only

Amounts in ₹ Cr · tap + to expand rows

Quarterly results

Quarterly · ₹ Cr · tap + rows to expand

MetricSept 2023Dec 2023Mar 2024Jun 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Jun 2026
Sales14 Cr15 Cr19 Cr17 Cr18 Cr18 Cr24 Cr19 Cr22 Cr23 Cr27 Cr24 Cr
Operating expenses (approx.)12 Cr12 Cr15 Cr14 Cr15 Cr15 Cr19 Cr16 Cr18 Cr18 Cr22 Cr20 Cr
EBITDA2 Cr3 Cr4 Cr3 Cr3 Cr3 Cr5 Cr4 Cr4 Cr5 Cr5 Cr5 Cr
OPM %15.6%17.3%19.0%19.2%17.6%17.8%20.9%19.0%18.5%20.8%18.6%20.2%
Other income0.02 Cr0.03 Cr0.09 Cr0.05 Cr0.06 Cr0.05 Cr0.06 Cr0.04 Cr0.05 Cr0.04 Cr0.06 Cr0.05 Cr
Interest0.42 Cr0.42 Cr0.25 Cr0.30 Cr0.31 Cr0.35 Cr0.41 Cr0.68 Cr0.69 Cr0.64 Cr0.58 Cr0.52 Cr
Depreciation0.35 Cr0.36 Cr0.39 Cr0.44 Cr0.46 Cr0.46 Cr0.45 Cr0.94 Cr0.99 Cr1.00 Cr0.95 Cr1 Cr
Profit before tax1 Cr2 Cr3 Cr3 Cr3 Cr3 Cr4 Cr2 Cr2 Cr3 Cr4 Cr3 Cr
Tax %15.8%32.2%24.5%28.4%27.3%28.2%35.1%49.0%44.1%37.7%35.6%26.0%
Net profit1 Cr1 Cr2 Cr2 Cr2 Cr2 Cr3 Cr1 Cr1 Cr2 Cr2 Cr3 Cr
EPS (₹)₹1.10₹1.15₹2.22₹1.79₹1.72₹1.72₹2.64₹1.01₹0.67₹0.97₹1.13₹1.22

Profit & loss (annual)

Annual · last column is TTM · ₹ Cr · tap + to expand

MetricMar 2017Mar 2018Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales5 Cr12 Cr25 Cr38 Cr56 Cr63 Cr78 Cr92 CrSign in free for the trailing twelve months
Operating expenses (approx.)5 Cr10 Cr22 Cr32 Cr46 Cr52 Cr63 Cr74 CrSign in free for the trailing twelve months
EBITDA0.25 Cr2 Cr3 Cr6 Cr10 Cr11 Cr15 Cr18 CrSign in free for the trailing twelve months
OPM %5.3%14.2%13.7%15.5%17.1%17.6%19.0%19.2%Sign in free for the trailing twelve months
Other income0.0032 Cr0.02 Cr0.12 Cr0.04 Cr0.06 Cr0.14 Cr0.22 Cr0.20 CrSign in free for the trailing twelve months
Interest0.17 Cr0.14 Cr0.44 Cr0.19 Cr1 Cr1 Cr1 Cr3 CrSign in free for the trailing twelve months
Depreciation0.01 Cr0.08 Cr0.63 Cr0.85 Cr1 Cr1 Cr2 Cr4 CrSign in free for the trailing twelve months
Profit before tax0.07 Cr1 Cr2 Cr5 Cr7 Cr8 Cr12 Cr11 CrSign in free for the trailing twelve months
Tax %30.9%27.5%21.5%23.7%27.3%25.5%30.5%40.5%Sign in free for the trailing twelve months
Net profit0.05 Cr1 Cr2 Cr4 Cr5 Cr6 Cr8 Cr7 CrSign in free for the trailing twelve months
EPS (₹)——₹1.92₹3.70₹5.37₹6.00₹7.86₹3.27Sign in free for the trailing twelve months
Dividend payout %——16.4%0.0%14.9%15.9%12.7%18.5%Sign in free for the trailing twelve months
Sign in free for the trailing twelve months

The latest four quarters added up, next to each full year

Balance sheet

Annual · ₹ Cr · tap + rows to expand

MetricMar 2017Mar 2018Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity capital0.19 Cr2 Cr10 Cr10 Cr10 Cr10 Cr10 Cr21 Cr
Reserves0.10 Cr2 Cr2 Cr6 Cr10 Cr25 Cr33 Cr28 Cr
Borrowings1 Cr0.99 Cr7 Cr9 Cr11 Cr32 Cr32 Cr28 Cr
Other liabilities0.92 Cr2 Cr3 Cr5 Cr7 Cr7 Cr8 Cr15 Cr
Total liabilities3 Cr7 Cr22 Cr30 Cr39 Cr75 Cr83 Cr91 Cr
Fixed assets (net)0.12 Cr1 Cr13 Cr15 Cr19 Cr24 Cr25 Cr55 Cr
CWIP——0.50 Cr0.76 Cr0.41 Cr27 Cr33 Cr0 Cr
Investments————0 Cr0 Cr0 Cr0 Cr
Loans & advances————0.10 Cr0.03 Cr0.10 Cr0.06 Cr
Inventories1 Cr3 Cr6 Cr7 Cr14 Cr16 Cr16 Cr24 Cr
Trade receivables0.70 Cr2 Cr2 Cr2 Cr3 Cr4 Cr5 Cr7 Cr
Cash & bank0.02 Cr0.09 Cr0.02 Cr0.03 Cr0.05 Cr0.09 Cr0.13 Cr0.01 Cr
Other assets0.22 Cr0.50 Cr0.51 Cr5 Cr2 Cr3 Cr4 Cr4 Cr
Total assets3 Cr7 Cr22 Cr30 Cr39 Cr75 Cr83 Cr91 Cr

Cash flows

Annual · ₹ Cr · tap + rows to expand · last column includes FCF

MetricMar 2017Mar 2018Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from operating activity-0.06 Cr0.0005 Cr3 Cr1 Cr4 Cr6 Cr9 Cr8 Cr
Cash from investing-0.03 Cr-2 Cr-4 Cr-3 Cr-5 Cr-33 Cr-8 Cr-2 Cr
Cash from financing0.03 Cr2 Cr1 Cr2 Cr0.78 Cr28 Cr-0.72 Cr-6 Cr
Net cash flow-0.06 Cr0.07 Cr0.21 Cr0.01 Cr0.01 Cr0.04 Cr0.04 Cr-0.12 Cr
Free cash flow (OCF − Capex)-0.09 Cr-1 Cr-1 Cr-2 Cr-0.80 Cr6 Cr9 Cr8 Cr

Ratios

MetricMar 2017Mar 2018Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROCE %15.0%35.5%15.1%20.2%26.5%14.6%17.7%18.3%
ROE %17.0%30.0%15.8%23.3%26.4%17.7%19.2%14.0%
Debtor days5348252417202428
Inventory days149153132107133136117140
Days payable7793213436222244
Cash conversion cycle12510813797113134119123
OCF / EBITDA %-22.3%0.0%96.2%20.0%42.7%50.4%58.3%43.4%
OCF / EBITDA % (3 years)————45.3%40.9%51.6%50.2%
Debt / equity4.610.280.580.580.560.880.740.57
Current ratio2.011.851.701.921.641.471.281.37
Net debt / EBITDA5.200.54——1.192.832.141.57