AROGRANITE

Aro Granite Industries Limited

Granite and engineered quartz slabs for export markets

Consumer Discretionary›Consumer Durables›Consumer Durables›Granites & Marbles

arotile.com(opens the company website in a new tab)
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Key metrics

Price as of 2026-10-19

Stock price
₹24.28
Market cap
37 Cr
Stock P/E
Loss (TTM EPS ₹-12.62)
P/B
0.21
ROE (FY26)
-6.8%
ROCE (FY26)
1.1%
Operating margin (FY26)
-11.3%
Debt / equity (FY26)
0.87
OCF / EBITDA (3Y)
199.5%

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

Aro Granite (Aro Granite Industries) manufactures granite tiles and slabs and engineered quartz slabs at its works in Hosur, Tamil Nadu, and markets them in international and domestic markets.

Company snapshot

4thBy market cap

Ranked among 6 companies in Granites & Marbles.

Segment mix

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

Largest segment: 71.6% of revenue

SegmentRevenue shareRevenuePBTAssets
a. Quartz Division
33.1%
32 Cr-0.95 Cr—
b. Granite Slabs/Tiles Division
71.6%
69 Cr4 Cr—
c. Unallocated Segment—0 Cr0 Cr—

Shares add up to 105% because segment revenues are before inter-segment eliminations.

What we see

Positives
  • ✓200% of operating profit came in as cash over the last three years — profits are backed by real cash.
Concerns
  • ✗Net margin is negative — the company is spending more than it earns right now.
2 more signals from the filings.Sign in free to see them all

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
Sales37 Cr33 Cr33 Cr38 Cr29 Cr30 Cr27 Cr27 Cr20 Cr15 Cr12 Cr21 Cr
Operating expenses (approx.)32 Cr27 Cr25 Cr32 Cr29 Cr30 Cr26 Cr21 Cr20 Cr16 Cr14 Cr23 Cr
EBITDA6 Cr7 Cr8 Cr5 Cr0.06 Cr0.43 Cr0.71 Cr6 Cr0.45 Cr-2 Cr-3 Cr-3 Cr
OPM %14.9%20.3%24.3%13.6%0.2%1.4%2.6%20.7%2.2%-11.9%-24.3%-12.9%
Other income1 Cr0.21 Cr0.35 Cr1 Cr-2 Cr5 Cr5 Cr0.44 Cr4 Cr5 Cr2 Cr0.58 Cr
Interest4 Cr4 Cr5 Cr4 Cr3 Cr3 Cr3 Cr3 Cr4 Cr4 Cr4 Cr3 Cr
Depreciation3 Cr3 Cr3 Cr3 Cr2 Cr3 Cr2 Cr2 Cr2 Cr2 Cr2 Cr2 Cr
Profit before tax0.44 Cr0.35 Cr0.38 Cr0.75 Cr-7 Cr0.37 Cr0.09 Cr0.10 Cr-2 Cr-3 Cr-6 Cr-7 Cr
Tax %11.8%77.0%4.6%0.0%3.7%101.2%76.3%43.8%-3.4%-1.8%-0.3%0.2%
Net profit0.39 Cr0.08 Cr0.36 Cr0.75 Cr-7 Cr-0.0045 Cr0.02 Cr0.06 Cr-2 Cr-3 Cr-6 Cr-7 Cr
EPS (₹)₹0.28₹0.05₹0.22₹0.54₹-4.66₹0.02₹0.03—₹-1.66₹-1.92₹-4.21₹-4.83

Profit & loss (annual)

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

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales239 Cr201 Cr172 Cr178 Cr179 Cr225 Cr164 Cr155 Cr123 Cr74 CrSign in free for the trailing twelve months
Operating expenses (approx.)209 Cr188 Cr149 Cr159 Cr156 Cr195 Cr145 Cr124 Cr117 Cr72 CrSign in free for the trailing twelve months
EBITDA29 Cr13 Cr24 Cr19 Cr24 Cr30 Cr19 Cr31 Cr6 Cr2 CrSign in free for the trailing twelve months
OPM %12.3%6.2%13.8%10.4%13.3%13.4%11.6%19.9%5.1%2.0%Sign in free for the trailing twelve months
Other income1 Cr1 Cr2 Cr3 Cr0.63 Cr1 Cr0.55 Cr0.38 Cr10 Cr12 CrSign in free for the trailing twelve months
Interest5 Cr4 Cr5 Cr6 Cr5 Cr8 Cr13 Cr16 Cr13 Cr15 CrSign in free for the trailing twelve months
Depreciation9 Cr9 Cr8 Cr11 Cr11 Cr13 Cr13 Cr12 Cr10 Cr10 CrSign in free for the trailing twelve months
Profit before tax16 Cr1 Cr13 Cr5 Cr8 Cr11 Cr-6 Cr3 Cr-7 Cr-12 CrSign in free for the trailing twelve months
Tax %23.0%8.8%22.5%30.3%24.2%17.4%2.0%61.4%6.3%-1.7%Sign in free for the trailing twelve months
Net profit13 Cr1 Cr10 Cr4 Cr6 Cr9 Cr-6 Cr1 Cr-6 Cr-12 CrSign in free for the trailing twelve months
EPS (₹)₹8.25₹0.79₹6.29₹2.14₹4.02₹5.89₹-3.84₹0.88₹-4.07₹-7.79Sign in free for the trailing twelve months
Dividend payout %————0.0%0.0%—0.0%——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 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity capital15 Cr15 Cr15 Cr15 Cr15 Cr15 Cr15 Cr15 Cr15 Cr15 Cr
Reserves154 Cr155 Cr165 Cr166 Cr172 Cr181 Cr175 Cr177 Cr171 Cr159 Cr
Borrowings102 Cr93 Cr129 Cr151 Cr161 Cr199 Cr205 Cr189 Cr160 Cr152 Cr
Other liabilities37 Cr41 Cr34 Cr63 Cr56 Cr56 Cr55 Cr64 Cr74 Cr69 Cr
Total liabilities308 Cr304 Cr343 Cr395 Cr404 Cr451 Cr450 Cr445 Cr420 Cr394 Cr
Fixed assets (net)91 Cr90 Cr90 Cr128 Cr163 Cr152 Cr160 Cr149 Cr129 Cr118 Cr
CWIP2 Cr6 Cr23 Cr42 Cr0.98 Cr8 Cr0.98 Cr0.98 Cr1 Cr1 Cr
Investments0.02 Cr0.90 Cr0.81 Cr0.85 Cr12 Cr12 Cr1 Cr0.84 Cr0.88 Cr0.36 Cr
Loans & advances——0.15 Cr0.0095 Cr0.06 Cr0.03 Cr0.06 Cr0.03 Cr0.02 Cr0.0069 Cr
Inventories112 Cr108 Cr118 Cr129 Cr139 Cr177 Cr199 Cr213 Cr214 Cr213 Cr
Trade receivables82 Cr70 Cr57 Cr59 Cr64 Cr73 Cr62 Cr50 Cr35 Cr23 Cr
Cash & bank11 Cr11 Cr14 Cr0.57 Cr2 Cr1 Cr0.42 Cr0.75 Cr0.57 Cr3 Cr
Other assets10 Cr18 Cr40 Cr35 Cr24 Cr28 Cr27 Cr30 Cr40 Cr37 Cr
Total assets308 Cr304 Cr343 Cr395 Cr404 Cr451 Cr450 Cr445 Cr420 Cr394 Cr

Cash flows

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

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from operating activity16 Cr22 Cr-3 Cr63 Cr0.65 Cr-17 Cr14 Cr19 Cr41 Cr17 Cr
Cash from investing-8 Cr-8 Cr-26 Cr-78 Cr-4 Cr-6 Cr-3 Cr0.04 Cr0.22 Cr3 Cr
Cash from financing-15 Cr-11 Cr32 Cr12 Cr3 Cr23 Cr-7 Cr-16 Cr-42 Cr-16 Cr
Net cash flow-7 Cr3 Cr2 Cr-3 Cr-0.60 Cr-0.40 Cr-4 Cr3 Cr-0.30 Cr4 Cr
Free cash flow (OCF − Capex)7 Cr13 Cr-30 Cr-15 Cr0.65 Cr-24 Cr11 Cr19 Cr41 Cr17 Cr

Ratios

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROCE %8.0%2.0%5.7%3.4%3.8%4.7%1.7%5.1%1.7%1.1%
ROE %7.4%0.7%5.4%2.0%3.2%4.5%-3.0%0.7%-3.5%-6.8%
Debtor days125127121121130118137117103112
Inventory days26329543142349843771193512602471
Days payable386355929982127176288527
Cash conversion cycle35135949745152947372087610752056
OCF / EBITDA %55.5%177.0%-13.3%339.8%2.7%-56.8%73.2%61.4%657.6%n.m.
OCF / EBITDA % (3 years)——53.7%149.4%91.4%64.2%-3.4%19.8%132.3%199.5%
Debt / equity0.600.540.710.830.861.011.080.980.860.87
Current ratio1.791.741.491.261.411.581.541.541.461.47
Net debt / EBITDA3.106.484.848.106.696.5810.746.0925.2398.90