Annual reportSep 2026
Sep 2026 · Letter Sent To Shareholders For Annual Report Web-Link 11 Aug - 38th AGM scheduled for 11 September 2026; annual report and notice shared via web-link.
Source: Bse
Aro Granite Industries Limited (AROGRANITE)
Small CapConsumer stocks · Small cap · NSE
Aro Granite Industries Limited operates in Granite, 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 fundamentals06 Oct 2026 · screener
Latest result16 Aug, 12:57 am IST
Score21 Oct, 04:30 am IST · v4.3-runtime-valuation
Tags02 May 2026
Coverage13/14 · 93%
Valuation2026-07-20 · Rf 6.8% · Consumer P/E 22.2 (n=441)
Technical timing lens
Trend score and candlestick chart
29Bearishfull bear SMA stack · SMA20 -4.0% / mo · MACD + · sector -4.6pp vs Nifty 500 (3M)
Stock trend: 27
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
AROGRANITED candles · FIT view-14.2%Latest close ₹23.10 on 2026-10-21
Bar
-5.6%
RSI
47
MACD hist
0.16
52W pos
21%
2026-10-21O ₹24.48H ₹24.48L ₹22.63C ₹23.10Vol 4,789 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
AROGRANITENifty Consumer DurablesNifty 500
- AROGRANITE
- -8.6%
- Nifty 500
- -6.5%
- Nifty Consumer Durables
- -11.0%
- Vs Nifty 500
- -2.1 pp
Chart stats
21 Oct 2026- From 52W high
- -41.8%
- 52W range position
- 21%
- ATR (14)
- 6.1%
- Volume vs 20D
- 0.19x
- Avg traded value
- ₹0.1 Cr
- 20D price channel
- ₹21.8 - ₹26.5
₹39.7
₹18.7 - ₹39.7
₹1.4
Latest completed session
20-session average
45.4% 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 weak.
Suggested next step
Check latest quarters
Result consistency is weak; verify whether the thesis is improving or deteriorating.
U-Score
Legacy · OVERVALUED9
Fundamental lens: valuation, quality, growth, balance sheet, and cash flow.
Latest result
Bad0
Revenue -23.7% · PAT -12516.7% YoY
Technical
Bearish29
Price trend and sector-relative-strength timing.
Valuation
Legacy model—
Legacy margin-of-safety estimate; the revised evidence label remains in shadow validation.
Trust
Limited evidence52
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
Bad · 0/100Rev -24% YoY · PAT -12517% YoY · margin compression · +79% QoQ
Filed 30 Jun 2026
Open results browser →| Metric | This quarter | YoY | QoQ |
|---|---|---|---|
| Revenue | ₹20.6 Cr | -23.7% | +79.0% |
| EBITDA | ₹-2.7 Cr | -147.6% | +4.7% |
| Operating margin | -12.9% | -3357 bps | +1132 bps |
| PAT | ₹-7.5 Cr | -12516.7% | NDF |
| PAT margin | -36.1% | -3635 bps | +1951 bps |
NDF means not disclosed in the current structured filing feed. It is intentionally not treated as zero.
Fundamentals
Valuation
- P/E
- —
- P/B
- 0.19
- EV/EBITDA
- 61.90
- Market Cap
- 33.70Cr
Profitability
- ROE
- -7.46%
- ROCE
- 0.57%
- ROA
- -4.82%
- Dividend Y
- —
Growth (CAGR)
- Revenue 5Y
- -16.00%
- EPS 5Y
- -19.00%
- Revenue 3Y
- -23.00%
- EPS 3Y
- -29.00%
Balance Sheet
- Debt/Equity
- 0.87
- Interest Coverage
- -0.47×
- Altman Z
- 0.93
- Book Value
- 114.00
Cash Flow
- FCF Yield
- 59.35%
- FCF Positive Y
- 6/5
- OCF
- 17.00 Cr
- EPS TTM
- -12.63
Shareholding
- Promoter Hold
- 41.08%
- Promoter Pledge
- 0.00%
- Momentum 52W
- 16%
Financial History
Updated 21/10/2026
Revenue
₹ CrLatest: 20.6+79.0% vs prev
Net Profit
₹ CrLatest: -7.5-16.2% vs prev
ROE is shown only in the Annual view — quarterly equity data isn't published.
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 47.
- Price < SMA20 < SMA50 < SMA200 — full bearish stack.
- SMA20 falling (~4.2% over last month) — short-term momentum negative.
- RSI(14) at 47 — falling, no extreme reading.
- MACD above signal but histogram contracting — bullish momentum cooling.
- 42% off 52W high · 24% 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
25
RS percentile
Stage 4 Downtrend
1M return
-0.5%
3M return
-8.6%
6M return
-17.5%
1Y return
-36.6%
RS 1D
-3
RS 20D
+4
Sector rank
#8
Industry rank
#36
Stage evidence
- Price is 6.9% below the 30-week proxy.
- The 50-DMA is below the 30-week proxy and its slope is falling -1.0%.
- Both 3-month and 6-month returns are negative.
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 64.57-3.97%
RS vs Nifty 50065
Valuation & peers
U-Score 9 · legacy U-Score band OVERVALUED · valuation evidence and comparable companies
Valuation & peers
U-Score 9 · legacy U-Score band OVERVALUED · valuation evidence and comparable companies
Distress Watch
Fundamental score breakdown
U band · OVERVALUEDValuation5/30
Growth0/25
Quality0/20
Balance Sheet2/15
Cash Flow8/10
Piotroski
3/9 (+1)
Penalties
-7
Raw sum
9
Why this score?
Top U-Score contributors and drags from the latest stored fundamentals.
9/100 · legacy band OVERVALUED
Positive drivers
- FCF yield is supportive at 59.4%.
- Cash flow contributes 8/10 to the score.
- Valuation contributes 5/30 to the score.
Main drags
- Altman Z is 0.9, in distress territory.
- Penalty bucket subtracts 7 points.
- Growth is weaker at 0/25; 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
—
PB
0.2
EV/EBITDA
61.9
ROE
-7.5%
ROCE
0.6%
FCF Yield
59.4%
Debt/Equity
0.9
MoS
—
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
9
Previous: 9
Legacy U-Score band
OVERVALUED
Previous: OVERVALUED
Margin of safety
—
No stored baseline yet
Score history
12 stored score snapshots. Latest stored move: +0 points.
21 Oct 2026
v4.3-runtime-valuation
9
9
9
9
9
9
9
9
9
9
9
9
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
—
Growth-justified P/E
2.5
Growth-justified Value
—
— MoS
PEG
—
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
POKARNA
Small
Pokarna Limited
Building Materials
match 55
43
22.8
9.8%
+41%
WATCHLIST
LAMOSAIC
SME
Lamosaic India Ltd.
Building Materials
match 50
17
32.3
2.1%
-3806%
OVERVALUED
MADHAV
Small
Madhav Marbles and Granites Limited
Building Materials
match 46
19
—
-1.4%
—
OVERVALUED
ORIENTALTL
Small
Oriental Trimex Limited
Building Materials
match 44
49
14.1
2.3%
+54%
FAIR VALUE
LEXUS
Small
Lexus Granito (India) Limited
Building Materials
match 44
20
—
9.2%
—
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
Aro Granite Industries Limited operates in Granite, 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
52Limited 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 10th percentile of the scored universe and 12th percentile within Consumer. Main check: results consistency is weak at 5/100.
This is a financial-behaviour screen, not a claim-tested management reliability verdict.
Computed 05 Sept 2026
management-trust-v1
53 docs text-extracted · 23 concalls text-extracted
Score band
Limited evidence
Financial behaviour is scored, but management claims do not yet have enough outcome checks.
Relative rank
10th percentile
overall median 67 · Consumer: 12th pctile, median 66 · Small: 12th pctile, median 66
Evidence depth
Financial-only
53 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
Needs extra due diligence; demand valuation comfort and recent improvement.
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
78
strong · holding, pledge, alignment
Cash flow
89
strong · profit to cash conversion
Balance sheet
47
watch · leverage and solvency
Discipline
22
weak · capital discipline
Results
5
weak · quarterly consistency
Trust positives
- ▸Promoter pledge is zero.
- ▸FCF yield is 53.2%.
- ▸6 years of positive FCF.
Trust risks
- ▸Altman Z is 0.94.
- ▸4 latest quarters had PAT decline worse than 25% YoY.
- ▸ROCE is low at 0.6%.
- ▸ROE is low at -7.5%.
Trust Lite uses financial behaviour only. Prefer claim-tested Trust when enough concall claims have later outcomes.
Continue researching Aro Granite Industries Limited
Important announcements & filings
Latest exchange and company disclosures found within the past two years.
Open source ↗
Announcement
Announcement under Regulation 30 (LODR)-Newspaper Publication 17 Sep - Newspaper Publication for dispatch of Notice of Postal Ballot.
Source: Bse
Announcement
Announcement Under Regulation 30 Of The SEBI (LODR) Regulations, 2015 7 Sep - Board approved slump sale of Jaipur business unit for ₹67 crore, subject to shareholder approval.
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Newspaper Publication 11 Aug
Source: Bse
Annual report
Annual Report 2026 from bse
Source: Bse
Annual reportMar 2026
Mar 2026 · Annual Report 2026
Source: Bse
AnnouncementMar 2026
Mar 2026 · Announcement under Regulation 30 (LODR)-Newspaper Publication 17 May - Newspaper advertisement in respect of Published Financial Results for the Fourth quarter and Year ended March 31, 2026
Source: Bse
Annual reportMar 2025
Mar 2025 · Annual Report 2025
Source: Bse
Investor presentationNov 2024
Nov 2024 · PPT
Source: Bse
Investor presentationNov 2024
Nov 2024 · PPT
Source: Bse
All information is for study purposes only. For investment decisions, consult your financial advisor. See Playbook for methodology.