Agarwal Industrial Corporation Limited

NSE: AGARIND · Unclassified

₹390.00-5.80%06 Nov 2026

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Instant answers about Agarwal Industrial Corporation Limited — computed from its filings, no language model

Market cap₹583 cr

Current price₹390.00

High / Low₹863 / ₹315

P/E14.3

P/B0.85

Book value₹460.6

ROE5.9%

ROCE7.5%

Debt / equity0.49

Dividend yield0.85%

EPS (TTM)₹27.34

Face value₹10

Price & valuation

split & bonus adjusted · pick a metric and range

Annual performance

annual · ₹ crore · line = operating margin

	FY20	FY21	FY22	FY23	FY24	FY26
Revenue	787	904	1,598	2,015	2,125	1,652
EBITDA	47	72	106	136	173	117
Operating margin	6.0%	8.0%	6.6%	6.7%	8.1%	7.1%
Interest	9	10	12	12	21	28
Depreciation	9	14	20	23	30	52
Profit before tax	31	49	78	110	127	55
Tax	6	8	14	18	18	12
Net profit	26	41	0	92	109	44
EPS ₹	24.91	39.51	51.10	63.78	73.02	29.13
Operating cash flow	—	—	65	157	112	235
Capex	—	—	66	149	270	121
Dividend paid	—	—	2	3	4	5
Total assets	—	—	—	750	1,120	1,202
Equity	—	—	—	404	511	689

Quarterly performance

last 29 quarters · ₹ crore

showing latest 8 of 29 periods

	SEP '18	DEC '18	SEP '19	DEC '19	MAR '20	JUN '20	SEP '20	DEC '20	MAR '21	JUN '21	SEP '21	DEC '21	MAR '22	JUN '22	SEP '22	DEC '22	MAR '23	JUN '23	SEP '23	DEC '23	MAR '24	JUN '24	SEP '24	DEC '24	JUN '25	SEP '25	DEC '25	MAR '26	JUN '26
Revenue	50	152	52	162	0	147	95	208	453	408	159	381	651	581	223	552	660	629	232	488	776	708	326	542	594	245	408	405	433
Operating profit	7	9	8	9	0	9	9	19	35	24	13	33	36	34	21	38	43	42	27	44	60	60	35	53	36	28	21	32	30
Operating margin	14.2%	6.0%	15.7%	5.7%	—	5.8%	9.8%	9.1%	7.8%	5.9%	8.0%	8.7%	5.5%	5.8%	9.5%	6.9%	6.5%	6.6%	11.6%	9.1%	7.7%	8.5%	10.8%	9.8%	6.1%	11.4%	5.1%	8.0%	6.9%
Other income	0	0	0	0	0	0	0	0	0	1	0	0	2	2	4	2	1	1	2	1	2	2	2	2	2	5	5	6	3
Interest	2	2	2	2	0	2	3	2	3	3	3	3	3	3	2	3	4	4	4	5	8	8	6	7	8	7	7	5	5
Depreciation	2	2	2	2	0	2	4	4	4	5	5	5	5	5	6	6	6	6	7	7	10	10	10	15	13	13	13	13	14
Profit before tax	3	5	4	5	0	4	2	13	28	18	5	26	29	28	18	31	33	32	18	33	44	44	20	34	17	14	5	20	14
Tax	1	1	0	0	0	0	0	3	5	3	1	5	5	5	2	6	5	4	2	6	6	5	2	6	4	2	2	5	3
Net profit	0	3	4	5	0	4	2	0	0	15	4	21	0	23	15	25	28	28	0	28	38	39	18	28	13	12	3	16	10
EPS ₹	2.13	3.30	3.67	4.74	0.00	3.90	2.12	10.38	23.11	12.84	3.53	17.00	19.04	17.37	10.93	17.63	19.56	18.43	10.71	18.47	25.41	26.07	12.33	18.52	8.71	8.02	1.87	10.53	6.92
Revenue YoY	—	—	5.4%	7.1%	—	—	82.0%	28.1%	—	176.7%	66.7%	82.9%	43.6%	42.4%	40.4%	45.1%	1.3%	8.3%	4.2%	-11.6%	17.7%	12.6%	40.4%	11.0%	-16.1%	-24.8%	-24.7%	—	-27.0%
Profit YoY	—	—	—	43.4%	—	—	-42.3%	-100.0%	—	276.8%	97.2%	—	—	55.7%	257.0%	22.3%	—	17.5%	-100.0%	9.6%	34.3%	41.5%	—	0.3%	-66.6%	-35.0%	-89.9%	—	-20.6%

Earlier results (standalone, Sep '07 – Jun '18)

₹ crore · from BSE, before the NSE XBRL filings begin

Agarwal Industrial Corporation Limited reports consolidated figures above. Quarterly consolidated results only became mandatory in India in 2019, so the earlier history available is the standalone company only (excluding subsidiaries). It is shown separately so the two bases are never mixed.

Full years

	FY09†	FY10†	FY12†	FY14†	FY15†	FY16†	FY17†	FY18†
Revenue	14	39	79	176	220	191	279	412
Operating profit	4	5	7	13	16	17	25	30
Operating margin	31.0%	13.4%	9.3%	7.4%	7.2%	8.6%	8.8%	7.3%
Other income	0	1	0	1	1	0	—	1
Interest	1	1	1	3	4	4	6	8
Depreciation	2	2	3	4	4	5	6	8
Profit before tax	2	2	3	6	8	8	14	15
Tax	1	1	1	1	2	2	5	4
Net profit	1	2	2	5	6	6	9	10

Quarters

showing latest 8 of 42 periods

	SEP '07†	DEC '07†	MAR '08†	JUN '08†	SEP '08†	DEC '08†	MAR '09†	JUN '09†	SEP '09†	DEC '09†	MAR '10†	JUN '10†	SEP '10†	MAR '11†	JUN '11†	SEP '11†	DEC '11†	MAR '12†	JUN '12†	DEC '12†	MAR '13†	JUN '13†	SEP '13†	DEC '13†	MAR '14†	JUN '14†	SEP '14†	DEC '14†	MAR '15†	JUN '15†	SEP '15†	DEC '15†	MAR '16†	JUN '16†	SEP '16†	DEC '16†	MAR '17†	JUN '17†	SEP '17†	DEC '17†	MAR '18†	JUN '18†
Revenue	1	2	5	3	4	1	7	3	4	6	26	17	6	22	14	7	11	46	50	21	36	47	12	40	78	59	19	69	72	64	22	45	60	46	30	74	128	102	39	83	188	141
Operating profit	1	1	1	1	1	1	1	1	2	1	1	2	2	-1	2	2	2	1	4	3	3	4	3	3	4	5	3	3	5	6	3	3	5	6	4	6	9	8	6	7	9	8
Operating margin	51.0%	47.7%	17.0%	45.0%	33.1%	59.5%	19.3%	37.6%	42.4%	24.4%	3.5%	9.2%	44.1%	-5.0%	16.5%	27.8%	21.6%	1.2%	7.2%	12.7%	6.9%	8.3%	20.9%	7.0%	5.0%	8.3%	15.1%	5.0%	6.3%	8.8%	15.2%	6.5%	7.7%	12.5%	13.6%	8.3%	6.7%	8.2%	15.4%	8.4%	4.6%	5.9%
Other income	0	—	0	0	0	0	0	0	0	0	1	0	0	0	0	0	0	-0	0	-0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	—	1	1	0	2	-1	0
Interest	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	1	0	0	1	1	1	1	1	1	1	1	1	1	1	1	1	1	2	2	2	2	2	2	2	2
Depreciation	0	0	0	0	0	0	1	1	1	1	0	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	0	3	2	2	2	2	3	2
Profit before tax	0	0	0	0	1	0	0	0	1	0	1	1	2	-2	1	1	2	-1	2	1	1	2	1	1	3	3	1	1	3	4	1	1	2	4	2	2	6	5	3	4	2	4
Tax	0	0	0	0	0	0	1	0	0	0	0	0	0	-0	0	0	0	-0	0	0	1	0	0	0	0	1	0	0	1	1	0	0	1	1	1	1	3	2	1	1	1	1
Net profit	0	0	-0	0	1	0	-0	0	1	0	0	1	1	-1	1	1	1	-1	2	1	0	2	1	0	2	2	1	1	2	3	1	1	2	3	2	1	3	4	2	3	2	3
EPS ₹	0.46	0.60	-0.03	0.90	1.07	0.10	-0.49	0.72	2.20	0.71	0.62	1.64	3.10	-3.44	2.57	2.53	3.36	-3.05	4.55	1.98	0.04	3.29	1.17	0.57	3.98	4.13	1.40	1.63	3.34	4.56	1.72	1.09	2.86	4.78	1.97	1.61	3.23	3.47	1.99	2.71	1.87	2.73
Revenue YoY	—	—	—	—	149.0%	-29.7%	46.7%	12.4%	9.6%	398.3%	287.3%	483.8%	40.1%	-13.0%	-16.9%	27.9%	—	105.1%	253.2%	81.2%	-20.8%	-5.9%	—	90.9%	114.3%	26.3%	55.5%	74.1%	-6.8%	8.4%	13.8%	-34.2%	-16.8%	-28.3%	39.6%	63.5%	112.3%	121.6%	28.7%	12.1%	46.5%	38.5%
Profit YoY	—	—	—	—	103.8%	-84.8%	—	-31.8%	69.8%	480.0%	—	123.3%	41.1%	-664.0%	56.7%	-18.9%	—	—	77.1%	-35.5%	—	-2.2%	—	-65.2%	10850.0%	25.3%	20.3%	190.3%	-16.0%	10.1%	23.4%	-33.3%	-14.7%	5.2%	65.3%	123.3%	108.9%	33.7%	28.7%	105.2%	-42.1%	-20.4%

Returns & margins

trailing-twelve-month, per quarter

showing latest 8 of 21 periods

	JUN '20	SEP '20	DEC '20	MAR '21	JUN '21	SEP '21	DEC '21	MAR '22	JUN '22	SEP '22	DEC '22	MAR '23	JUN '23	SEP '23	DEC '23	MAR '24	JUN '24	SEP '24	DEC '24	MAR '26	JUN '26
ROE	—	—	—	—	—	—	—	—	—	17.0%	18.3%	22.9%	23.9%	18.2%	18.8%	18.2%	20.5%	21.8%	21.8%	6.3%	5.9%
ROCE	—	—	—	—	—	—	—	—	—	21.6%	22.7%	22.5%	23.4%	20.3%	20.9%	17.3%	19.1%	19.8%	20.1%	8.1%	7.5%
Net margin	3.5%	2.7%	1.4%	0.7%	1.5%	1.6%	2.9%	2.5%	2.7%	3.2%	3.2%	4.6%	4.7%	3.9%	4.2%	4.4%	4.7%	5.4%	5.2%	2.6%	2.7%
EBITDA margin	7.2%	6.7%	8.2%	8.0%	7.5%	7.4%	7.5%	6.6%	6.5%	6.7%	6.4%	6.7%	6.9%	7.2%	7.7%	8.1%	8.7%	8.7%	8.9%	7.1%	7.4%
Debt / equity	—	—	—	—	—	—	—	—	—	0.48	0.48	0.34	0.34	0.43	0.43	0.68	0.68	0.50	0.50	0.49	0.49
Interest coverage	3.26	2.68	3.92	5.98	6.81	7.00	7.65	7.34	8.30	9.60	9.80	10.05	9.72	9.02	8.40	7.15	6.70	6.19	5.82	3.00	3.13
Asset turnover	—	—	—	—	—	—	—	—	—	2.98	3.26	2.69	2.75	2.73	2.65	1.90	1.97	2.19	2.24	1.37	1.24

Balance sheet

equity vs borrowings over time · ₹ crore

showing latest 6 of 7 periods

	SEP '22	MAR '23	SEP '23	MAR '24	SEP '24	SEP '25	MAR '26
Share capital	14	15	15	15	15	15	15
Other equity / reserves	335	389	430	496	550	642	674
Total equity	350	404	445	511	565	656	689
Borrowings	167	137	189	345	284	410	336
Current liabilities	170	258	212	427	334	537	383
Non-current liabilities	97	87	101	182	151	150	130
Total assets	616	750	758	1,120	1,050	1,344	1,202
Property, plant & equipment	247	316	389	570	556	717	687
Capital work-in-progress	3	8	2	0	0	15	31
Investments	16	26	28	36	33	38	38
Inventories	45	116	82	128	134	191	118
Receivables	159	194	180	266	205	213	152
Cash & equivalents	69	29	6	43	29	19	43

Cash flow

annual · ₹ crore · line = free cash flow

	FY22	FY23	FY24	FY26
Cash from operations	65	157	112	235
Cash from investing	-70	-158	-276	-89
Cash from financing	19	-15	178	-128
Capex	66	149	270	121
Free cash flow	-1	8	-158	113
Dividends paid	2	3	4	5

Where the assets sit

Mar '26 · ₹ crore

Fixed assets (PPE)

₹687 cr57%

CWIP

₹31 cr3%

Investments

₹38 cr3%

Inventories

₹118 cr10%

Receivables

₹152 cr13%

Cash & equivalents

₹43 cr4%

Other assets

₹133 cr11%

Peer comparison

largest in Unclassified · this company in bold

Company	Market cap ₹cr	Price	P/E	P/B	ROE
Avantel Limited	36,86,04,549	138.69	—	1059360.68	0.0%
Ducol Organics And Colours Limited	19,55,275	120.00	—	20089.13	0.0%
Jio Platforms Limited	12,57,181	1,406.40	—	3.57	—
SBI Funds Management Limited	1,01,750	499.55	—	—	—
Tamilnadu Telecommunication Limited	91,314	9.93	—	—	—
Manipal Health Enterprises Limited	76,294	646.70	—	—	—
INDO-MIM Limited	59,042	1,219.50	—	—	—
AvenuesAI Limited	45,138	129.25	153.6	9.51	6.2%
Dhoot Transmission Limited	32,761	1,601.60	—	8.11	—
3M India Limited	31,071	27,570.00	53.8	17.57	32.7%
Agarwal Industrial Corporation Limited	583	390.00	14.3	0.85	5.9%

StoxGud checklist: Bearish setup · 3/10

Price above 50-day average
Price above 200-day average
50-day average above 200-day (uptrend)
RSI in healthy 40–70 zone
Positive 1-year return
Return on equity above 15%
Debt to equity below 1
Revenue growing year on year
Net profit margin above 10%
P/E below industry median

A rules-based screen of trend, momentum, quality and valuation. Educational only — not a buy or sell recommendation.

Returns & technicals

1 month+0.3%

6 months-17.7%

1 year-54.7%

3Y CAGR-23.7%

5Y CAGR+0.9%

10Y CAGR+0.5%

50-day avg₹392.68

200-day avg₹479.67

RSI (14)55

FAQs

What is the share price of Agarwal Industrial Corporation Limited?

Agarwal Industrial Corporation Limited (AGARIND) closed at ₹390.00 on NSE on 06 Nov 2026.

What is the market cap of Agarwal Industrial Corporation Limited?

₹583 crore at the latest close.

What is the P/E ratio of Agarwal Industrial Corporation Limited?

14.3, on trailing-twelve-month earnings from its filings.

How fast is Agarwal Industrial Corporation Limited growing?

Agarwal Industrial Corporation Limited: revenue has compounded at 1.1% a year over three years. Latest-quarter revenue is down 27.0% year on year, profit down 20.6%.

How profitable is Agarwal Industrial Corporation Limited?

On a trailing-twelve-month basis return on equity is 5.9%, return on capital employed 7.5%, operating margin 7.4%, net margin 2.7%.

How much debt does Agarwal Industrial Corporation Limited have?

Agarwal Industrial Corporation Limited is lightly geared: debt to equity is 0.49 with borrowings of ₹336 cr against cash of ₹43 cr (balance sheet of 2026-03-31). Operating profit covers interest 3.1 times.

Financials parsed from Agarwal Industrial Corporation Limited's own XBRL filings to NSE (consolidated), ₹ crore unless marked. Quarterly from SEP '18, annual from FY20, balance sheet from Sep '22. * = derived (full year or half year minus earlier quarters). Information only, not investment advice.