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Prices as of 9 Oct 2026 close · Not investment advice

Aaron Industries Limited

NSE: AARONIndustrial Products

Share price

₹127.13

+5.02% close of 9 Oct 2026

Market cap ₹266 CrP/E 32.1

Price-based ratios (P/B, dividend yield, EV/EBITDA) are as of 7 Oct 2026, the close above is 9 Oct 2026.

Business score

How strong the business is, in one number. The parts behind it are in Pro.

76

out of 100 · worked out 9 Oct 2026

How the business score works

Your ratios

The numbers you want to see first. Tap Edit to change them.

Market cap

₹266 Cr

P/E ratio

32.1

P/B ratio

5.5

ROCE

18.7%

ROE

14.8%

Dividend yield

0.4%

Price & valuation chart

How the share price and its valuation have moved. Hover over the chart to see any day. Prices as of the last close.

Prices as of 9 Oct 2026 close52-week high ₹218.5252-week low ₹109.27

Answers

Simple answers to the questions investors ask most, from the company's own numbers.

How fast it has been growing

Sales grew 21.6% over the past year, and 28.6% a year over its longer record. Meanwhile what it keeps of every 100 rupees of sales improved from 16.1% to 19.5% over the last four years.

Whether it grew faster than its sector

It grew 28.6% a year against a sector median of 10.6% — 18.0 percentage points faster.

Room to re-rate, or risk of de-rating

At 32.1× earnings against a market that pays 24.1× across 2199 companies we can price. Its own industry sits at 66.4×, across 4 companies. It is against its own five-year median of 46.3×, the 3rd percentile of its own range.

Whether growth justifies the valuation

Priced at 4.0 times its growth rate, on earnings growth of 8%.

Profit growthPrice per ₹1 profitPer 1% growth
Aaron Industries Limited — this one8%/yr32.1×₹4.0
Jyoti CNC Automation Limited157%/yr69.6×—
Kaynes Technology India Limited51%/yr63.2×₹1.2
LMW Limited-32%/yr97.5×—
LLOYDS ENGINEERING WORKS LIMITED—60.7×—
Tega Industries Limited-8%/yr——

Compared with companies filed under the same label. That grouping comes from the exchange's filing category, so some of them may not be real rivals.

How it compares with its peers

Against companies the exchange files under the same label (Industrial Products), it ranks 19 of 75 on returns, 8 of 75 on growth, 10 of 75 on margin. That grouping comes from the exchange's filing category, so some of them may not be real rivals.

What makes it hard to beat — and is that still true?

A narrow advantage: it earns 18.7% on capital, ahead of 75% of companies filed under the same label. That grouping comes from the exchange's filing category, so some of them may not be real rivals.

Whether its growth pays for itself

No — Over the last five years it made ₹27 crore of cash from the business but spent ₹51 crore on plant and equipment, ₹24 crore more than it made; the gap was mostly borrowed — borrowings rose from ₹9 crore to ₹28 crore. And the profit is real: of every 100 rupees it reported over 11 years, about 84 arrived as cash. Its cash comes back faster than it used to: it went from being waiting 61.2 days for its cash to waiting 25.8 days for its cash.

Profit reality check

Is the profit real cash? Simple checks on the accounts. Facts only, not advice.

9 of 10 checks clear · 90%

How the profit check works

Latest result · Q1 FY27

What the last results showed. Whether management kept its word is in Pro.

Announced 11 Aug 2026 · Standalone · Unaudited

Revenue

₹24 Cr

Revenue vs last year

+27.0%

Revenue vs last quarter

-10.6%

Net profit

₹3 Cr

Profit vs last year

+141.7%

Profit vs last quarter

+10.4%

Net margin

10.5%

EPS

₹1.22

Earnings call transcript · 17 Aug 2026

Checklist before you investPRO

Points for and against, in one list.

Key numbers & peers

The main numbers grouped by topic, and how the company compares with similar ones.

Price

Market cap
₹266 Cr
Prev close
₹127.13
52w High
₹228
52w Low
₹107
Enterprise value
₹291 Cr
Beta
0.8
Price CAGR 1y
-32.0%
Price CAGR 3y
-2.0%
Price CAGR 5y
17.0%
Price CAGR 10y
—

Ratios

Return on assets
7.5%
PEG ratio
4.0
P/E ratio
32.1
P/B ratio
5.5
EV / EBITDA
15.3
Industry P/E
36.1
ROCE
18.7%
ROCE 5y average
21.9%
ROE
14.8%
Debt / Equity
0.6
Interest coverage
5.4
Dividend yield
0.4%
ROE 3y average
19.0%
ROE last year
15.0%

Annual P&L

Annual revenue
₹92 Cr
Annual profit
₹7 Cr
Operating margin
19.3%
Net profit margin
7.4%
EBITDA margin
19.3%
Sales growth 3y
18.1%
Sales growth 5y
29.8%
Profit growth 3y
8.0%
Profit growth 5y
29.0%
EPS
₹3.3
Sales growth TTM
22.0%
Profit growth TTM
12.0%
Dividend payout
15.4%

Quarter P&L

Sales latest quarter
₹24 Cr
Profit latest quarter
₹3 Cr
YoY quarterly sales growth
27.0%
YoY quarterly profit growth
141.5%
OPM latest quarter
20.2%

Balance Sheet

Book Value
₹23.2
Face Value
₹10.0
Total debt
₹28 Cr
Total cash
₹3 Cr
Borrowings
₹28 Cr
Reserves / Equity
1.3

Cash Flow

Operating cash flow
₹8 Cr
Free cash flow
₹6 Cr
FCF yield
1.2%
Net cash flow
-₹0 Cr

Shareholding

Promoter holding
73.1%
FII holding
—
DII holding
0.0%
Public holding
26.9%

Peer comparison

CompanyPrice ₹P/EMkt cap ₹ CrDiv yield %Profit qtr ₹ CrProfit var %Sales qtr ₹ CrSales var %ROCE %
Indo-MIM1,359.90104.267,2690.00240.131.61,218.79.425.0
Aditya Infotech4,064.90104.549,8580.04142.2332.51,402.489.528.6
Syrma SGS Tech.1,746.7090.833,7080.09105.7101.21,588.668.316.8
Honeywell Auto33,345.0052.729,4910.33150.720.91,204.41.816.9
Jyoti CNC Auto.1,071.0075.724,3560.0057.1-20.0508.524.021.3
Kaynes Tech3,365.0065.222,6540.0056.4-24.4946.040.512.7
LMW16,819.0098.217,9420.2155.5369.2860.724.05.6
Aaron Industries122.5030.92570.412.6141.524.427.018.7
Median347.4836.06690.005.731.675.023.616.1

Competes with: Aditya Infotech Limited, Honeywell Automation India Limited, INDOMIM, Jyoti CNC Automation Limited, Kaynes Technology India Limited, LLOYDS ENGINEERING WORKS LIMITED, LMW Limited, Syrma SGS Technology Limited, Tega Industries Limited

Quarterly results

Sales and profit for each of the last 13 quarters. Newest on the right. ₹ crore.

Standalone · to 30 Jun 2026
Line itemJun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales16141519171818241922232724
Expenses13121215141515191618182220
Material Cost121517131916
Change in Inventories2.69-2.54-3.120.97-0.64-1.08
Purchases of Stock-in-Trade0.6400000
Employee Cost1.611.942.212.052.042.27
Other Expenses1.751.572.071.912.141.93
Operating Profit2.782.172.523.633.303.213.275.043.664.124.845.084.94
OPM %18161719191818211919211920
Other Income0.010.020.030.090.050.060.050.060.040.050.040.060.05
Exceptional items (within Other Income)000000
Interest0.240.420.420.250.300.310.350.410.680.690.640.580.52
Depreciation0.330.350.360.390.440.460.460.450.940.9910.951
Profit before tax2.221.421.773.082.612.502.514.242.082.493.243.613.47
Tax %28153225282828354944383626
Net Profit1.611.201.202.331.871.821.802.751.061.392.022.322.56
EPS in Rs0.800.570.571.110.890.870.861.320.510.660.961.111.22
Diluted EPS in Rs2.641.010.670.971.131.22

Profit & loss

Yearly sales, costs and profit for 12 years, plus the last 12 months (TTM). ₹ crore.

Standalone · to 31 Mar 2026
Line itemMar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales3.314.8012182125385663789297
Expenses3.174.5510161821324652637478
Material Cost5064
Change in Inventories-0.08-5.32
Purchases of Stock-in-Trade0.720
Employee Cost6.478.24
Other Expenses6.147.69
Operating Profit0.140.251.562.043.053.475.869.5411151819
OPM %4.235.2113121414161718191920
Other Income0.0100.020.030.110.060.040.060.140.190.100.20
Exceptional items (within Other Income)00
Interest0.080.170.140.290.590.440.191.011.341.362.592.43
Depreciation0.010.010.100.200.550.630.851.151.421.813.883.94
Profit before tax0.060.071.341.582.022.464.867.448.50121113
Tax %3329303229222427263141
Net Profit0.040.050.931.061.421.933.715.406.338.246.808.29
EPS in Rs0.440.561.160.530.710.961.852.693.033.943.253.95
Diluted EPS in Rs7.863.27
Dividend Payout %000022312219171515

Compounded growth

Average yearly growth over different spans, as stored. A span can cross a demerger or an acquisition.

Compounded sales growth

10 years
39%
5 years
30%
3 years
18%
TTM
22%

Compounded profit growth

10 years
67%
5 years
29%
3 years
8%
TTM
12%

Stock price CAGR

10 years
—
5 years
17%
3 years
-2%
1 year
-32%

Return on equity

10 years
20%
5 years
21%
3 years
19%
Last year
15%

Balance sheet

What the company owns and what it owes, at the end of each year. ₹ crore.

Standalone
Line itemMar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital0.190.191.884.785.26101010101021
Reserves0.050.101.664.595.542.135.8510253328
Borrowings1.151.331.055.275.217.079.1511323228
Other Liabilities0.820.942.372.873.102.514.666.857.277.9415
Total Liabilities2.212.566.961819223039758391
Fixed Assets0.100.121.458.719.29131519242555
CWIP00000.360.500.760.4127330
Investments0000.040.22000000
Other Assets2.112.445.518.769.248.371419232536
Total Assets2.212.566.961819223039758391

Cash flows

Real money coming in and going out each year — from the business, from investments and from loans. ₹ crore.

Standalone
Line itemMar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity-0.91-0.06-0.47-0.151.403.271.174.075.608.637.67
Cash from Investing Activity-0.02-0.03-1.51-7.71-1.50-4.28-3.08-4.84-33-7.87-1.72
Cash from Financing Activity0.930.031.978.24-0.6511.910.7828-0.72-6.07
Net Cash Flow0-0.06-0.010.38-0.76-0.020.010.010.040.04-0.12
Free Cash Flow-0.94-0.10-1.90-7.61-0.10-1.36-1.92-0.80-280.645.76

Ratios

How fast customers pay, how long stock sits, and how well capital earns — year by year.

Standalone
Line itemMar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days8453483843252417202428
Inventory Days240181173158151140105143149120158
Days Payable15593965542223339242350
Cash Conversion Cycle16914112514115214496121145122136
Working Capital Days12091787863486143281426
ROCE %16481917172330201919

Shareholding pattern

Who owns the company — founders (promoters), foreign funds, Indian funds and the public. In %.

Standalone · to 30 Sep 2026
Line itemDec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
Promoters737373737373737373737373
DIIs0000.520.520.520.4300000
Public272727262626272727272727
No. of Shareholders11,82612,49711,96511,51611,88411,47311,28013,72112,93412,38711,98511,776

Price trend

The price as a Renko brick chart: small moves drop out so the bigger path stands out.

Change over 1 year -32.4% (₹188.14 → ₹127.13)Brick size ₹6.40 (fixed)Bricks 33
₹150₹200₹127Nov '25Mar '26Jun '26Sep '26
Price moved up one brickPrice moved down one brickLast close ₹127.13 on 9 Oct 2026

Every brick is the same size, about one typical day's move. A new brick needs a full brick's move; turning the other way needs two. Bricks show where the price went, not where it will go.

Open interestPRO

Where option traders are positioned on this stock.

Industry numbers

The numbers that matter most in this industry, from the company's own filings.

1 when an audit qualification is filed as repetitive

0.00flag

2026-03-31

the company's own unlisted debt securities in default at period end

0.00cr

2026-06-30

exports as % of revenue

1.19

the company's own loans / revolving facilities in default at period end (standalone filing)

0.00cr

2026-06-30

net debt from the filed balance sheet at the newest year end: Borrowings − Cash Equivalents − Investments (Current); negative = net cash

24.58inr_cr

2026-03-31

guarantees / comfort given for promoter, promoter group, directors and KMP

0.00cr

2026-09-30

loans outstanding to promoter, promoter group, directors and KMP (governance filing)

0.00cr

2026-09-30

security given for the borrowing of promoter, promoter group, directors and KMP

0.00cr

2026-09-30

News

News and filings about Aaron Industries Limited. Open one to see why it matters.

No recent news for this company.

Supply chain

Who it buys from, sells to and competes with — as recorded in our map of company links.

Competes with

Uses as raw material

  • Electric motors
  • Elevator roller parts, guide shoes and elevator components
  • Packing materials
  • Self-adhesive plastic sheets, films and protective tapes
  • Stainless steel coils and sheets
  • Stores and spares
  • Traction machines for elevators

Depends on the price of

  • steel

About

What the company is, from our own records: where it sits, where it makes things, and what it is made of.

Sector
Capital Goods
Industry
Industrial Products
Classification
Capital Goods › Industrial Products
ISIN
INE721Z01010

Business segments

  • Elevator Division · 75%
  • Steel Polishing Division · 25%

Plants

  • Aaron Industries Unit-1, Udhana, Surat
  • Aaron Industries Unit-2, Royal Industrial Park, Moti Pardi, Mangrol
  • Aaron Industries Unit-3, Royal Industrial Park, Moti Pardi, Mangrol

News impact

Big market events that reach Aaron Industries Limited, and how the effect spreads.

No recent market events reach this company.

Dividends, splits & big trades

Money paid out, share splits and buybacks, and big buys or sells by funds and insiders.

Dividends

14 Aug 2026unspecified₹0.5
25 Aug 2025bonus₹0
8 Aug 2025unspecified₹1.2
17 Sep 2024unspecified₹1
28 Aug 2023unspecified₹1
1 Sep 2022unspecified₹0.8

Splits, bonuses & buybacks

  • daily-prices repair: 44 rows from NSE's archive (replace 38, delete 0, insert 6), 2018-11-16..2026-02-01 (docs/flat_day_repair.md)1× · 16 Nov 2018

Documents

Annual reports, results presentations and earnings calls, straight from the source.

Facts from company filings and exchange data. Not investment advice: nothing here tells you to buy or sell.