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. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Elevator Division (75%), Steel Polishing Division (25%). Small-cap, growth-stage elevator components and stainless steel manufacturer with a new production line ramping up
| ₹ crore · consolidated | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 38 | 56 | 63 | 78 | 92 |
| EBITDA (ex other income) | 6 | 10 | 11 | 15 | 18 |
| margin % | 15.5 | 17.1 | 17.6 | 19.0 | 19.2 |
| Owners' profit | 0 | 5 | 6 | 8 | 7 |
| EPS, as reported (₹) | 3.70 | 5.37 | 6.00 | 7.86 | 3.27 |
| ROE % · ROCE % | — · — | 26.4 · 31.2 | 17.7 · 16.7 | 19.2 · 20.9 | 14.0 · 21.5 |
| Debt / equity (x) | — | 0.56 | 0.88 | 0.74 | 0.57 |
| Cash from operations | 1 | 4 | 6 | 9 | 8 |
| Capex | (3) | (5) | 0 | 0 | 0 |
| ₹ crore | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 18 | 18 | 24 | 19 | 22 | 23 | 27 | 24 |
| Profit before tax | 3 | 3 | 4 | 2 | 2 | 3 | 4 | 3 |
| Net profit | 2 | 2 | 3 | 1 | 1 | 2 | 2 | 3 |
| EPS (₹) | 1.72 | 1.72 | 2.64 | 1.01 | 0.67 | 0.97 | 1.13 | 1.22 |
| Segment | Revenue, ₹ crore | Share % |
|---|---|---|
| Elevator Division | 69 | 75.0 |
| Steel Polishing Division | 23 | 25.0 |
| Total, before eliminations | 92 | 100.0 |
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| ADITYA INFOTECH LIMITED | 45,150 | 93.8 | 24.06 | 77.9 | 19.6 | 24.5 | — | 14.8 |
| SYRMA SGS TECHNOLOGY LTD | 30,717 | 82.8 | 10.02 |
| Date · filing | Category | Importance | 1-day % | 5-day % |
|---|---|---|---|---|
| 21 Aug 2026 · Aaron Industries 13th AGM transcript filed; FY26 revenue 92.21 Cr, dividend 0.50/share | investor communications | medium | — | — |
| 21 Aug 2026 · Aaron Industries Q1FY27 earnings call transcript filed | investor communications | medium | — | — |
| 20 Aug 2026 · Aaron Industries 13th AGM: All 6 resolutions passed with 100% approval | compliance | minimal | — | — |
| 19 Aug 2026 · Aaron Industries 13th AGM: dividend of Rs 0.50 per share, director re-appointments | board shareholder meetings | low | — | — |
| 17 Aug 2026 · Audio recording of Q1FY27 earnings call now available | investor communications | low | — | — |
| 14 Aug 2026 · Aaron Industries Q1FY27 Investor Presentation - PAT up 142% YoY | investor communications | medium | — | — |
| 12 Aug 2026 · Newspaper publication of Q1 FY26 standalone results | compliance | minimal | — | — |
| 12 Aug 2026 · Q1 FY27 results: revenue up 27%, PAT up 142% YoY | results | high | — | — |
| 11 Aug 2026 · Aaron Industries Q1 FY27 Financial Results Filed | results | high | — | — |
| 11 Aug 2026 · Aaron Industries expands EVOQ360 home lift with All-India distribution deal | business updates | medium | — | — |
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) | A state: the latest filed quarter and the measured reactions |
| 53.5 |
| 11.3 |
| 13.4 |
| — |
| 11.1 |
| HONEYWELL AUTOMATION IND | 30,536 | 55.7 | 6.84 | — | 11.8 | 15.5 | — | 18.2 |
| KAYNES TECHNOLOGY IND LTD | 23,496 | 67.9 | 4.93 | 33.3 | 7.6 | 9.8 | — | 17.1 |
| JYOTI CNC AUTOMATION LTD | 22,490 | 69.9 | 11.24 | 39.7 | 16.8 | 19.2 | — | 22.2 |
| LMW LIMITED | 19,058 | 109.1 | 6.65 | 61.8 | 4.6 | 5.9 | 13.2 | 11.9 |
| TEGA INDUSTRIES LIMITED | 12,982 | 455.9 | 3.81 | 38.8 | 4.2 | 5.4 | — | 4.2 |
| LLOYDS ENGG WORK LIMITED | 12,285 | 48.3 | 7.30 | 50.1 | 11.7 | 11.5 | — | 15.0 |
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 31.9 | 26.9 | 77 of 138 | 45% |
| P/B | 5.5 | 3.5 | 74 of 111 | 34% |
| ROCE | 17.5 | 11.3 | 41 of 144 | 72% |
| ROE | 14.0 | 9.5 | 33 of 117 | 72% |
| Debt / Equity | 0.6 | 0.2 | 90 of 117 | 23% |
| EBITDA margin | 20.4 | 12.4 | 28 of 110 | 75% |
| Revenue growth | 27.0 | 20.6 | 42 of 114 | 64% |
| Profit growth | 141.9 | 17.1 | 15 of 109 | 87% |
| Market cap | 267 | 356 | 75 of 140 | 47% |
| an event is a fact; a rating is an opinion that requires SEBI RA registration |
| A target price and upside | The current price and the multiples against the group | a target is a forecast; a multiple is a measurement |
| Estimate years marked E | More audited years; no estimates | MarketPing publishes no forecasts — your own model lives on the Models page |
This document is a statistical summary of publicly filed information and market data, prepared by software from primary sources: SEBI results XBRL filed with BSE and NSE, LODR disclosures, shareholding patterns, exchange price data. It contains no research recommendation, no price target and no opinion on the merits of any security, and is not a research report within the meaning of the SEBI (Research Analysts) Regulations, 2014, Regulation 2(1)(w)(vii). Financial statements are as filed (consolidated where the company files consolidated results). Ratios are computed over filed lines. Where a figure is unavailable the table shows a dash rather than an estimate. The business brief is written by MarketPing's reader from the annual report and checked against it; no figure in a table was generated by a model. Nothing here constitutes investment advice, an offer or a solicitation; readers should consult a SEBI-registered adviser before acting. MarketPing is not a SEBI-registered intermediary.
