Aro Granite Industries Ltd

Aro Granite Industries Ltd

₹ 47.9 3.99%
22 Nov - close price
About

Incorporated in 1988, ARO Granite Industries Ltd manufactures and trades Granite Slabs and Tiles[1]

Key Points

Business Overview:[1]
Company processes and exports Polished / Flamed Granite Tiles & Slabs in its 100 % export-oriented unit in Hosur and an SEZ unit in Jaipur. It sources 100+ shades of granites and quartzite from India, Bazil, Norway, Finland, Africa and Ukraine, enhances and then sells them

  • Market Cap 74.0 Cr.
  • Current Price 47.9
  • High / Low 69.3 / 41.1
  • Stock P/E
  • Book Value 121
  • Dividend Yield 0.00 %
  • ROCE 5.03 %
  • ROE 0.68 %
  • Face Value 10.0

Pros

  • Stock is trading at 0.39 times its book value

Cons

  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of -2.09% over past five years.
  • Company has a low return on equity of 0.77% over last 3 years.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: Miscellaneous Industry: Miscellaneous

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Quarterly Results

Figures in Rs. Crores

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
63.85 57.62 49.11 45.03 37.60 34.31 46.96 51.43 37.42 33.35 32.90 37.55 28.61
54.54 52.52 42.94 39.05 31.69 34.85 39.93 42.96 31.86 26.58 24.92 32.44 28.55
Operating Profit 9.31 5.10 6.17 5.98 5.91 -0.54 7.03 8.47 5.56 6.77 7.98 5.11 0.06
OPM % 14.58% 8.85% 12.56% 13.28% 15.72% -1.57% 14.97% 16.47% 14.86% 20.30% 24.26% 13.61% 0.21%
1.98 1.21 -0.25 0.09 0.90 0.18 0.05 0.59 1.30 0.21 0.35 1.18 -2.08
Interest 2.21 2.08 2.04 2.52 3.30 3.24 3.72 3.88 3.50 3.71 5.01 3.54 3.09
Depreciation 3.18 3.18 3.20 3.14 3.21 3.19 3.20 2.94 2.92 2.92 2.94 2.60 2.36
Profit before tax 5.90 1.05 0.68 0.41 0.30 -6.79 0.16 2.24 0.44 0.35 0.38 0.15 -7.47
Tax % 15.93% -8.57% 123.53% 56.10% -126.67% 5.15% -200.00% 41.07% 11.36% 77.14% 5.26% -400.00% -3.61%
4.96 1.13 -0.16 0.18 0.68 -7.14 0.49 1.32 0.39 0.08 0.36 0.75 -7.20
EPS in Rs 3.24 0.74 -0.10 0.12 0.44 -4.67 0.32 0.86 0.25 0.05 0.24 0.49 -4.71
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
186 251 253 213 237 199 171 177 179 224 163 154 132
161 216 224 193 207 186 148 159 155 194 144 123 112
Operating Profit 25 34 29 20 29 13 24 19 24 30 19 31 20
OPM % 14% 14% 11% 9% 12% 6% 14% 10% 13% 13% 12% 20% 15%
-0 5 5 1 1 1 2 3 1 1 1 0 -0
Interest 5 5 6 5 5 4 5 6 5 8 13 16 15
Depreciation 5 5 9 9 9 9 8 11 11 13 13 12 11
Profit before tax 15 28 19 7 16 1 13 5 8 11 -6 3 -7
Tax % 26% 26% 12% 14% 23% 9% 22% 30% 24% 17% -2% 61%
11 21 17 6 13 1 10 4 6 9 -6 1 -6
EPS in Rs 7.36 13.78 10.91 3.83 8.25 0.76 6.35 2.36 3.95 5.82 -3.78 0.86 -3.93
Dividend Payout % 9% 7% 9% 26% 12% 0% 16% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: -5%
5 Years: -2%
3 Years: -5%
TTM: -22%
Compounded Profit Growth
10 Years: -22%
5 Years: -33%
3 Years: -40%
TTM: -22%
Stock Price CAGR
10 Years: -6%
5 Years: 5%
3 Years: -8%
1 Year: -1%
Return on Equity
10 Years: 3%
5 Years: 2%
3 Years: 1%
Last Year: 1%

Balance Sheet

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 10 15 15 15 15 15 15 15 15 15 15 15 15
Reserves 112 127 139 143 154 155 165 166 172 181 175 177 170
95 109 119 115 102 93 129 159 168 199 205 189 181
31 41 36 35 37 41 34 54 48 56 55 64 59
Total Liabilities 249 292 310 309 308 304 343 395 404 451 450 445 426
85 84 74 73 91 90 90 139 174 163 160 149 145
CWIP 0 0 7 21 2 6 23 42 1 8 1 1 1
Investments 0 0 0 0 0 1 1 1 1 1 1 1 1
164 208 229 216 215 207 230 213 228 280 288 294 280
Total Assets 249 292 310 309 308 304 343 395 404 451 450 445 426

Cash Flows

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
-17 -1 0 21 16 22 -3 63 1 -18 14 35
-6 1 -4 -24 -7 -11 -26 -78 -4 -6 -3 0
23 13 8 -5 -15 -11 32 12 3 24 -15 -32
Net Cash Flow -1 13 5 -9 -6 0 2 -3 -1 -0 -4 3

Ratios

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 142 129 122 138 127 128 122 121 131 119 137 117
Inventory Days 257 216 258 306 373 413 621 725 759 793 1,299 1,623
Days Payable 51 51 43 49 54 88 79 158 150 148 233 306
Cash Conversion Cycle 348 294 337 396 446 453 664 688 739 764 1,204 1,435
Working Capital Days 272 237 262 302 268 296 350 320 373 370 534 557
ROCE % 10% 11% 10% 4% 8% 2% 6% 3% 4% 5% 2% 5%

Shareholding Pattern

Numbers in percentages

Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
41.06% 41.06% 41.06% 41.06% 41.06% 41.06% 41.06% 41.06% 41.06% 41.06% 41.08% 41.08%
0.35% 0.02% 0.06% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.02% 0.03% 0.60%
0.92% 1.12% 1.12% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
57.66% 57.80% 57.76% 58.93% 58.93% 58.94% 58.94% 58.93% 58.93% 58.92% 58.88% 58.32%
No. of Shareholders 13,61313,98413,88613,96313,91813,42013,19813,10112,62712,25111,91712,254

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

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