NSE: AGARIND · BSE: 531921 · ISIN INE204E01012
Agarwal Industrial Corporation Limited stock analysis
Agarwal Industrial Corporation Limited ranks #4460 in the TickerSutra evidence-ranked universe with a score of 33/100 and 95% data confidence. The latest captured fundamentals show ROCE of 7.7%, quarterly sales growth of -27.0% and quarterly profit growth of -20.6%.Avoid / exit review
INVESTMENT EVIDENCE
What supports—and challenges—the thesis
Evidence in favour
- Strong CFO/EBITDA of 2.01×
- CWIP indicates an active capacity pipeline
- No promoter shares are reported as pledged
Risks and constraints
- No calculated threshold risk in the current snapshot.
Still unresolved: Related-party exposure · Broad media sentiment
FINANCIAL TRAJECTORY
Recent operating history
| Period | Revenue | Operating profit | Net profit | Operating margin |
|---|---|---|---|---|
| 2022 | ₹1,598cr | ₹106cr | ₹64cr | 7.0% |
| 2023 | ₹2,015cr | ₹136cr | ₹92cr | 7.0% |
| 2024 | ₹2,125cr | ₹173cr | ₹109cr | 8.0% |
| 2025 | ₹2,399cr | ₹202cr | ₹116cr | 8.0% |
| 2026 | ₹1,652cr | ₹117cr | ₹44cr | 7.0% |
| TTM | ₹1,492cr | ₹111cr | ₹41cr | 7.0% |
EXCHANGE EVENT TRIGGERS
Latest corporate disclosures
Agarwal Industrial Corporation Limited has informed the Exchange regarding the Trading Window closure pursuant to SEBI (Prohibition of Insider Trading) Regulations, 2015
RoutineAgarwal Industrial Corporation Ltd - 531921 - Closure of Trading WindowNSE · 23 Sept 2026 · Structured filingClosure of Trading Window for the Quarter and Half Year Ended September 30, 2026
Closure of Trading Window for the Quarter and Half Year Ended September 30, 2026
Open original XBRL sourceMANAGEMENT COMMENTARY
Signals from filed documents
Being amongst the largest fleet operators of specialized Bitumen and LPG Tankers in the country adds to customer comfort and ensures supply reliability. Market share gain over the years, spurred by superior product quality and increased customer satisfaction though no identified identical business peer. Majority of our manufacturing facilities are ISO Certified.
Endless opportunities for expansion of Bitumen Products as road construction within the ambit of infrastructural growth. Tremendous scope for developing Value Added Products with potential of higher margins. Huge deficit in bitumen indigenous supply and demand leaving tremendous scope for imports Huge deficit in power demand and power supply leaving tremendous scope for expansion of Wind Power Mills Having
20,000/- as the Sitting Fee for attending all Board Meetings alone. Mahendra Agarwal, Non-Executive and Non- Independent Director of the Company is being paid remuneration for the Advisory Services rendered to the Company which has been approved by the NRC Committee and the Board of the Directors followed by Shareholder’s approval. • Overall remuneration should be reasonable and sufficient to attract, retain and moti
• The extent of overall remuneration should be sufficient to attract and retain talented and qualified individuals suitable for every role. Hence remuneration should be market competitive, driven by the role played by the individual, reflective of the size of the Company, complexity of the sector/ industry/ Company’s operations and the Company’s capacity to pay, consistent with recognized best practices and aligned t
• Product Preferences: Viscosity-graded bitumen— particularly VG30—anchors the market (holding close to half the product share) due to its suitability for standard Indian climatic conditions, while Polymer-Modified Binders (PMB) are seeing fast adoption on high-speed expressways. Agarwal Industrial Corporation Limited 56 Annual Report 2025-26 Comparative Challenges Feature Global Market Indian Market Primary Growth D
Disclosure of commodity price risks and commodity hedging activities Not Applicable ix. Details of utilization of funds raised through preferential allotment or qualified institutions placement as specified under Regulation 32 (7A) No funds were raised through preferential allotment or qualified institutional placement during the financial year under report. A certificate from a company secretary in practice that non
HOW TO READ THIS PAGE
Evidence, freshness and limitations
What does the TickerSutra score mean?
The score ranks captured evidence across financial quality, growth, moat and margins, regulatory catalysts, governance, institutional trend and valuation comfort. It is a research-prioritization tool—not a buy recommendation or price target.
Which sources support this page?
Financial history, ownership and pledge data, NSE and BSE filings, annual reports and available earnings-call transcripts are combined here. Use the source trail and original exchange document before relying on a decision-critical fact.
Why can an item be unresolved?
Unresolved means the current captured source window did not provide enough evidence for that check. It does not establish that a risk or relationship is absent.
Maintained by TickerSutra Research · Snapshot updated 29 Sept 2026 · Read the methodology · Read the disclaimer
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