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NSE:AARON

AARON INDUSTRIES LIMITED

Capital Goods › Industrial Manufacturing
₹123.84
at close · 28 Oct 2026
▼ 1.36 (-1.09%)

Latest filings

Next results: Fri, 30 Oct · Financial Results/Other business matters
  1. Aaron Industries meets with Kamayakya Wealth Management analyst · Investor Communications
  2. Aaron Industries launches Fire-Rated Steel Doors for commercial and industrial use · Compliance
  3. Aaron Industries launches Fire-Rated Steel Doors for commercial use · Business Updates
All filings ↓
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Snapshot

What the business is, and whether it's a good one at a fair price.

AI · written from filings

Manufactures elevator cabins, auto door systems, and stainless steel products from Surat, Gujarat, operating three production units. The Elevator Division accounts for 75% of segment revenue at Rs 68.99 crore in FY26, with auto doors and cabins together making up around 60% of that stream. The Steel Polishing Division contributes the remaining 25% (Rs 23.01 crore), and the company has launched a STELIX premium stainless steel brand to push this segment into broader interior applications. Auto-door manufacturing capacity stands at 5,000+ units per month, currently running at 30-35% utilization with a stated target of 3,000 doors per month average for FY26. The company sells mainly to regional elevator installers and exports to Nepal and Africa, while keeping open dialogue with large OEMs such as Kone, Schindler, OTIS, and Johnson. Raw materials are the largest cost at 69.2% of revenue, and FY26 net profit fell to Rs 6.80 crore from Rs 8.24 crore in FY25 despite revenue growth, on higher raw material and finance costs tied to capacity expansion.

Revenue mix · reported segments
Elevator Division75.0%
Steel Polishing Division25.0%
Operating scale
Auto-door manufacturing capacity
5,000+ units per month across 3 production unitsFY26
Auto-door utilization
30-35% (target 80-85% within 3 years)FY26
Distribution network
5 warehouses and 20+ distributorsFY26
Full-utilization revenue potential
~Rs 200 crore (at target utilization)Within 3 years
New product launches
STELIX premium stainless steel brand; EVOQ360 home lift (pit-less, battery backup)FY26
Export markets
Nepal and AfricaFY26
Who pays it
Regional elevator installers in India; exports to Nepal and Africa. Ongoing talks with large OEMs (Kone, Schindler, OTIS, Johnson).
Biggest cost
Raw materials at 69.2% of FY26 revenue
Kind of business
Small-cap, growth-stage elevator components and stainless steel manufacturer with a new production line ramping up
Where it sits
Surat-based supplier in the Indian elevator components chain; company cites Indian elevator market projected to grow from 75,000 units (2025) to 155,000 units by 2030 at 12-13% CAGR
Market Cap
₹259 Cr
P / E (TTM)
31.0×
EV / EBITDA
15.0×
Div Yield
0.48%
Growth
29.8%▲
Revenue 5y CAGR
PAT +28.7% · EBITDA +38.3%
Quality
21.5%▲
ROCE (FY26)
ROE 14.0% · margin 19.4%
Leverage
0.57·
Debt / Equity · moderate
Net debt ₹28 Cr
Revenue FY21→FY26
3.7×▲
Margin −0.3 pts
₹25 Cr → ₹92 Cr
Cash conversion
0.89×·
Operating cash ÷ profit · 5 yrs
₹27 Cr on ₹30 Cr
Moves on a normal day
1.38%·
Median daily move
Last 267 sessions · the yardstick for filing-day moves
Where it sits among 145 Industrial Products peersBar = share of peers beaten · tick = industry median · latest reported figures
P/E (TTM)#72/130
P/B#76/112
ROCE#40/142
ROE#32/113
Debt / Equity#86/113
EBITDA margin#28/110
Revenue growth#42/114
Profit growth#15/109

Scorecard

Measured from the filed financials, judged against its Industrial Products peers · as of FY26 — not investment advice

Strengths
Revenue compounding 30% a year over 5 years
Profit compounding 29% a year over 5 years
Returns on capital 21.5%
#40 of 142 in Industrial Products on the latest reported figures
Concerns
Carries more debt than its peers — 0.57× equity
higher than 76% of its 113 Industrial Products peers
EPS grew slower than profit — the share count rose (bonus or dilution)

Charts

How has the market priced it — with filings on the timeline?

AARON · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Peers

How does it stack up on valuation, returns and growth?

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Financials

Quarterly & annual P&L, balance sheet, cash flow, ratios and segments.

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Ownership

Who owns it — and is the promoter stake clean?

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Common questions

Answered from AARON INDUSTRIES LIMITED's filed financials and exchange disclosures

What does AARON INDUSTRIES LIMITED do?

AARON INDUSTRIES LIMITED is a Industrial Manufacturing company listed on NSE, trading under the symbol AARON.

Is AARON INDUSTRIES LIMITED profitable?

Yes. Over the trailing twelve months AARON INDUSTRIES LIMITED reported a net profit of ₹8.30 Cr on revenue of ₹97 Cr.

Does AARON INDUSTRIES LIMITED pay a dividend?

Yes. The dividend yield is 0.48% at the current price. It paid out 19% of its profit as dividend in FY26.

Is AARON INDUSTRIES LIMITED debt-free?

No. It reported borrowings of ₹28 Cr on its 31 Mar 2026 balance sheet, or net debt of ₹28 Cr after cash. Debt stands at 0.57× equity. That is higher than 76% of its 113 Industrial Products peers.

Is AARON INDUSTRIES LIMITED expensive compared with its peers?

On trailing P/E, AARON INDUSTRIES LIMITED ranks 72 of 130 in Industrial Products — cheaper than 45% of them, against an industry median of 26.7×. This is a position, not a valuation judgement.

How much does the AARON INDUSTRIES LIMITED share price move in a day?

On a typical session AARON INDUSTRIES LIMITED moves 1.38% — that is the median absolute close-to-close move across its last 267 trading days. MarketPing measures each filing's price reaction against it.

When are AARON INDUSTRIES LIMITED's next results?

Financial Results/Other business matters on Fri, 30 Oct. MarketPing alerts you on WhatsApp the moment the filing lands.

Where can I track AARON INDUSTRIES LIMITED's announcements?

Every NSE and BSE filing by AARON INDUSTRIES LIMITED appears on this page, AI-summarised, alongside the price reaction that followed it. Follow the company to get each new filing on WhatsApp within minutes.

Figures are as last reported and may lag the latest filing. Not investment advice.