Concall transcript
Earnings-call transcript · Aaron Industries Limited has informed the Exchange regarding 'Transcript of the 13th Annual General Meeting of the Company'.
Source: Nse
Aaron Industries Limited (AARON)
Small CapConsumer stocks · Small cap · NSE
Aaron Industries Limited operates in Home Appliances, within the Consumer sector. Use the latest filing and company disclosures below to verify its revenue mix and current business drivers.
Data qualityFresh enough for analysisQuote updated 21 Oct, 03:31 pm ISTDetails
Quote21 Oct, 03:31 pm IST
Base fundamentals05 Oct 2026 · screener
Latest result16 Aug, 12:55 am IST
Score21 Oct, 04:30 am IST · v4.3-runtime-valuation
Tags02 May 2026
Coverage14/14 · 100%
Valuation2026-07-20 · Rf 6.8% · Consumer P/E 22.2 (n=441)
Technical timing lens
Trend score and candlestick chart
35BearishSMA20 -3.8% / mo · MACD + · sector -4.6pp vs Nifty 500 (3M)
Stock trend: 38
Sector RS: 31
Sector 3M: -10.2% vs Nifty 500 -5.6%
Consumer FPI tailwindNot confirmed
Latest mapped FPI equity flow was not positive. View sector evidence
Technical chart
AAROND candles · FIT view-10.2%Latest close ₹125.87 on 2026-10-21
Bar
+0.5%
RSI
50
MACD hist
0.38
52W pos
16%
2026-10-21O ₹125.29H ₹129.80L ₹123.00C ₹125.87Vol 10,127 sh
Up bar
Down bar
EMA 20
EMA 50
Volume + 20D avg
Result date
RSI(14)
MACD / signal
Market context
Relative performance and chart statistics
Adjusted completed-session prices, rebased to 100
AARONNifty Consumer DurablesNifty 500
- AARON
- +4.9%
- Nifty 500
- -6.5%
- Nifty Consumer Durables
- -11.0%
- Vs Nifty 500
- +11.4 pp
Chart stats
21 Oct 2026- From 52W high
- -44.8%
- 52W range position
- 16%
- ATR (14)
- 5.1%
- Volume vs 20D
- 0.79x
- Avg traded value
- ₹0.2 Cr
- 20D price channel
- ₹115.5 - ₹136.9
₹228
₹106.8 - ₹228
₹6.4
Latest completed session
20-session average
42.8% annualized volatility
Research snapshot
What the evidence says now
Weak fundamentals, management evidence is still limited to a financial-only Trust Lite signal, price trend argues for patience, and recent execution is consistent.
Suggested next step
Research, do not rush
The evidence is not strongly aligned. Compare peers and wait for a cleaner setup.
U-Score
Legacy · WATCHLIST44
Fundamental lens: valuation, quality, growth, balance sheet, and cash flow.
Latest result
Excellent90
Revenue +27.0% · PAT +141.5% YoY
Technical
Bearish35
Price trend and sector-relative-strength timing.
Valuation
Legacy model+4.3%
Legacy margin-of-safety estimate; the revised evidence label remains in shadow validation.
Trust
Limited evidence73
Financial-only signal; management claim evidence is not sufficient yet.
Financials
Fundamentals, quarterly history, margins, returns and balance-sheet evidence
Financials
Fundamentals, quarterly history, margins, returns and balance-sheet evidence
Latest result
Quarter ended 30 Jun 2026
Excellent · 90/100Rev +27% YoY · PAT +142% YoY · margin expansion · operating leverage
Filed 30 Jun 2026
Open results browser →| Metric | This quarter | YoY | QoQ |
|---|---|---|---|
| Revenue | ₹24.4 Cr | +27.0% | -10.6% |
| EBITDA | ₹4.9 Cr | +35.0% | -2.8% |
| Operating margin | 20.2% | +119 bps | +162 bps |
| PAT | ₹2.6 Cr | +141.5% | +10.3% |
| PAT margin | 10.5% | +496 bps | +198 bps |
NDF means not disclosed in the current structured filing feed. It is intentionally not treated as zero.
Fundamentals
Valuation
- P/E
- 31.10
- P/B
- 5.30
- EV/EBITDA
- 12.47
- Market Cap
- 258.00Cr
Profitability
- ROE
- 15.00%
- ROCE
- 18.70%
- ROA
- 9.09%
- Dividend Y
- 0.41%
Growth (CAGR)
- Revenue 5Y
- 30.00%
- EPS 5Y
- 29.00%
- Revenue 3Y
- 18.00%
- EPS 3Y
- 8.00%
Balance Sheet
- Debt/Equity
- 0.57
- Interest Coverage
- 7.81×
- Altman Z
- 6.01
- Book Value
- 23.20
Cash Flow
- FCF Yield
- 2.31%
- FCF Positive Y
- 2/5
- OCF
- 7.67 Cr
- EPS TTM
- 3.95
Shareholding
- Promoter Hold
- 73.07%
- Promoter Pledge
- 0.00%
- Momentum 52W
- 13%
Financial History
Updated 21/10/2026
Revenue
₹ CrLatest: 92.0+18.1% vs prev
Net Profit
₹ CrLatest: 6.8-17.5% vs prev
Return on Equity
%Latest: 14.0-26.9% vs prev
Technicals
Trend interpretation, Stage 2, relative strength, volume and indicator evidence
Technicals
Trend interpretation, Stage 2, relative strength, volume and indicator evidence
Daily technical trend read
Bearish setupTrend is weak — long-term trend down. RSI 50.
- Price below SMA200 (long-term downtrend) — short-term bounces likely countertrend.
- SMA20 falling (~3.9% over last month) — short-term momentum negative.
- RSI(14) at 50 — falling, no extreme reading.
- MACD above signal but histogram contracting — bullish momentum cooling.
- 45% off 52W high · 18% above 52W low.
Mechanical read from the price + indicator series above. Not a recommendation — technical setups can reverse without warning, especially around earnings and macro events.
Nifty 500 leadership
Relative Strength & Trend Stage
30
RS percentile
Stage 1 Base / Transition
1M return
+4.2%
3M return
+4.9%
6M return
-10.7%
1Y return
-40.1%
RS 1D
+8
RS 20D
+11
Sector rank
#8
Industry rank
#57
Stage evidence
- Price is within 1.9% of the 30-week proxy.
- The 30-week proxy changed -2.5% over 20 sessions.
- The moving-average structure does not confirm Stage 2 or Stage 4.
50-DMA
price below
200-DMA
price below
Sector
neutral
Industry
improving
Relative-strength line vs Nifty 500 (base 100)
262 observations
21 Oct 2026Value 70.23+3.43%
RS vs Nifty 50070
Valuation & peers
U-Score 44 · legacy U-Score band WATCHLIST · valuation evidence and comparable companies
Valuation & peers
U-Score 44 · legacy U-Score band WATCHLIST · valuation evidence and comparable companies
WATCHLIST
Fundamental score breakdown
U band · WATCHLISTValuation2/30
Growth14/25
Quality11/20
Balance Sheet8/15
Cash Flow6/10
Piotroski
8/9 (+5)
Penalties
-2
Raw sum
44
Why this score?
Top U-Score contributors and drags from the latest stored fundamentals.
44/100 · legacy band WATCHLIST
Positive drivers
- Piotroski is strong at 8/9.
- Cash flow contributes 6/10 to the score.
- Growth contributes 14/25 to the score.
Main drags
- Penalty bucket subtracts 2 points.
- Valuation is weaker at 2/30; verify the latest quarterly trend.
- Balance sheet is weaker at 8/15; verify the latest quarterly trend.
Sector valuation model
Consumer valuation: PE/PEG and brand-quality premium
Consumer franchises can deserve higher multiples, but only when growth quality supports them.
Primary lens
PE and PEG relative to growth, ROE, margins, and brand strength.
Secondary checks
Volume growth, pricing power, distribution, same-store or category growth.
Main risk check
Premium valuation needs durable growth and margin resilience.
PE
31.1
PB
5.3
EV/EBITDA
12.5
ROE
15.0%
ROCE
18.7%
FCF Yield
2.3%
Debt/Equity
0.6
MoS
+4.3%
Score movement
Stored run vs live recompute
This shows the stored score trend when snapshots exist, and also compares the latest stored nightly score with a live recompute from current fundamentals and price.
Stored run: 21 Oct 2026
v4.3-runtime-valuation
Final score
44
Previous: 44
Legacy U-Score band
WATCHLIST
Previous: WATCHLIST
Margin of safety
+4.3%
Previous: +6.6%
Score history
12 stored score snapshots. Latest stored move: +0 points.
21 Oct 2026
v4.3-runtime-valuation
44
44
44
42
44
44
44
44
44
44
44
44
Factor attribution
No pillar movement versus the latest stored run. Historical score trend will appear after snapshot storage is enabled.
Modelled fair value
Graham Number
₹45.41
-177.2% MoS
Growth-justified P/E
33.3
Growth-justified Value
₹131.54
+4.3% MoS
PEG
1.51
Comparable companies
Peers
Business-comparable peers in Consumer — ranked by industry, sub-sector, theme-tag overlap, market cap, and U-Score similarity. Green cells mark the best available peer metric in this table.
Ticker
Name
Why peer
Score
PE
ROE
MoS
Verdict
NIPPOBATRY
Small
Indo-National Limited
Consumer Durables
match 60
25
—
-7.1%
—
OVERVALUED
BPL
Small
BPL Limited
Consumer Durables
match 57
9
—
-0.5%
—
OVERVALUED
FOCUS
Small
Focus Lighting and Fixtures Limited
Consumer Durables
match 57
34
64.0
3.6%
-87%
WATCHLIST
PILITA
Small
PIL ITALICA LIFESTYLE LIMITED
Consumer Durables
match 56
13
74.5
5.1%
-720%
OVERVALUED
BOSCH-HCIL
Small
BOSCH HOME COMFORT INDIA LIMITED
Consumer Durables
match 56
18
269.0
2.4%
-33378%
OVERVALUED
Business, management & trust
Growth engines, risks, management commitments and evidence-backed delivery
Business, management & trust
Growth engines, risks, management commitments and evidence-backed delivery
Business and thesis
Issuer presentation review pending
Aaron Industries Limited operates in Home Appliances, within the Consumer sector. Use the latest filing and company disclosures below to verify its revenue mix and current business drivers. The structured result feed currently covers the quarter ended 30 Jun 2026. Investor presentations and earnings-call PDFs will be added as issuer-backed evidence before management claims appear here.
Trust Score
73Limited evidence · low confidenceTrust Lite
Trust asks: does management behaviour match later outcomes? Higher is better, but confidence and evidence depth matter as much as the number.
Limited evidence: Claim history is still being built. It ranks around the 72nd percentile of the scored universe and 76th percentile within Consumer. No major sub-score weakness stands out.
This is a financial-behaviour screen, not a claim-tested management reliability verdict.
Computed 05 Sept 2026
management-trust-v1
4 docs text-extracted · 4 concalls text-extracted
Score band
Limited evidence
Financial behaviour is scored, but management claims do not yet have enough outcome checks.
Relative rank
72nd percentile
overall median 67 · Consumer: 76th pctile, median 66 · Small: 75th pctile, median 66
Evidence depth
Financial-only
4 documents have extracted text, but claim history is not strong enough yet.
Claim delivery
Outcome history still building
0 claims extracted · No contradicted claim yet
How to read this Trust Score
Limited evidence · low confidenceWhat it measures
Reliability of management and financial delivery, using financial behaviour only.
Confidence
Treat this as an early read until more concalls and outcomes are matched.
Investor use
Acceptable, but check the weakest sub-score before increasing exposure.
Read Trust alongside U-Score, result consistency, and technical trend. A cheap stock with weak Trust needs a larger margin of safety; a high Trust score does not make an expensive stock attractive by itself.
Forensic breakdown
Read low sub-scores as due-diligence warnings, not automatic sell signals.
Promoter
86
strong · holding, pledge, alignment
Cash flow
65
acceptable · profit to cash conversion
Balance sheet
81
strong · leverage and solvency
Discipline
60
acceptable · capital discipline
Results
75
strong · quarterly consistency
Trust positives
- ▸Promoter holding is 73.1%.
- ▸Promoter pledge is zero.
- ▸FCF yield is positive at 2.2%.
- ▸4/4 latest quarters had positive YoY revenue growth.
Trust risks
- ▸No major Trust Lite risk flags.
Trust Lite uses financial behaviour only. Prefer claim-tested Trust when enough concall claims have later outcomes.
Continue researching Aaron Industries Limited
Important announcements & filings
Latest exchange and company disclosures found within the past two years.
Open source ↗
Concall transcriptAug 2026
Aug 2026 · Transcript
Source: Nse
Investor presentationAug 2026
Aug 2026 · PPT
Source: Nse
Annual reportMar 2026
Mar 2026 · Annual report · Aaron Industries Limited has informed the Exchange regarding 'a letter providing the weblink, including the exact path, for accessing the Annual Report for FY 2025-26, which has be
Source: Nse
Investor presentationMay 2026
May 2026 · PPT
Source: Nse
Annual reportMar 2026
Mar 2026 · Annual Report 2026
Source: Nse
AnnouncementDec 2025
Dec 2025 · Earnings release · Aaron Industries Limited has informed the Exchange about Financial and Operational Highlights for Q3FY26
Source: Nse
Concall transcriptNov 2025
Nov 2025 · Transcript
Source: Company Ir
Annual reportMar 2025
Mar 2025 · Annual Report 2025
Source: Nse
Concall transcriptNov 2024
Nov 2024 · Transcript
Source: Nse
Investor presentationNov 2024
Nov 2024 · PPT
Source: Nse
All information is for study purposes only. For investment decisions, consult your financial advisor. See Playbook for methodology.