Sells bitumen and allied petroleum products through an integrated import-storage-logistics platform serving road construction demand. The Ancillary Infra (Bitumen & Allied Products) segment accounted for 94.4% of FY26 segment revenue at Rs 1,277.98 crore. The company imports bitumen, stores it at port-based bulk terminals in Mangalore and Karwar, and dispatches via own vessels and a logistics fleet of vehicles. About 60% of FY25 bitumen volumes were moved on own vessels, with management targeting 65-70%. Logistics contributed Rs 55.89 crore (4.1%) and Wind Mill Rs 0.89 crore (0.1%). PSU supply agreements worth Rs 635 crore covering 151,000 MT were secured in FY25. Materials are the largest disclosed cost at 17.0% of revenue, with other operating expenses at 18.3% and depreciation at 3.1%. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Ancillary Infra (Bitumen & Allied Products) (94%), Logistics (4%), Wind Mill (0%), Other (Unallocable) (1%). Cyclical, commodity-linked bitumen distribution with integrated import, storage, shipping and road transport.
| ₹ crore · consolidated | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 1,598 | 2,015 | 2,125 | 2,399 | 1,652 |
| EBITDA (ex other income) | 106 | 136 | 173 | 202 | 117 |
| margin % | 6.6 | 6.7 | 8.1 | 8.4 | 7.1 |
| Owners' profit | 0 | 92 | 109 | 116 | 44 |
| EPS, as reported (₹) | 51.10 | 63.78 | 73.02 | 77.34 | 29.13 |
| ROE % · ROCE % | 21.6 · 25.6 | 22.9 · 24.8 | 21.4 · 21.3 | 18.4 · 20.2 | 6.3 · 10.1 |
| Debt / equity (x) | 0.50 | 0.34 | 0.68 | 0.68 | 0.49 |
| Cash from operations | 65 | 157 | 112 | 100 | 235 |
| Capex | (66) | (149) | (270) | (165) | (121) |
| ₹ crore | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 326 | 542 | 823 | 594 | 245 | 408 | 405 | 433 |
| Profit before tax | 20 | 34 | 37 | 17 | 14 | 5 | 20 | 14 |
| Net profit | 18 | 28 | 31 | 13 | 12 | 3 | 16 | 10 |
| EPS (₹) | 12.33 | 18.52 | 20.42 | 8.71 | 8.02 | 1.87 | 10.53 | 6.92 |
| Segment | Revenue, ₹ crore | Share % |
|---|---|---|
| a) Ancillary Infra (Bitumen & Allied products) | 784 | 46.4 |
| b) Petroleum vessels operation | 210 | 12.4 |
| c) Petroleum Products | 30 | 1.8 |
| d) Logistics | 47 | 2.8 |
| e) Wind Mill | 1 | 0.0 |
| f) Other (Unallocable) | 17 | 1.0 |
| Ancillary Infra (Bitumen & Allied products) | 496 | 29.4 |
| Petroleum vessels operating and chartering | 72 | 4.2 |
| Petroleum Products | 13 | 0.8 |
| Logistics | 16 |
| Date · filing | Category | Importance | 1-day % | 5-day % |
|---|---|---|---|---|
| 1 Sept 2026 · Newspaper publication of 32nd AGM notice and remote e-voting details | compliance | minimal | — | — |
| 29 Aug 2026 · AGM Notice and Annual Report Web Link Sent to Shareholders Without Email | compliance | minimal | — | — |
| 29 Aug 2026 · Agarwal Industrial Corp files 32nd Annual Report; AGM on Sep 24, 2026 | compliance | low | — | — |
| 29 Aug 2026 · 32nd AGM Notice on Sep 24, 2026; Dividend Rs 3.30 per share; New Business Lines Proposed | board shareholder meetings | low | — | — |
| 27 Aug 2026 · 32nd AGM newspaper notice filed by Agarwal Industrial Corporation | compliance | minimal | — | — |
| 18 Aug 2026 · Newspaper publication of Q1 FY26-27 results and share demat window notice | compliance | minimal | — | — |
| 18 Aug 2026 · Record Date for FY26 dividend set at September 17, 2026 | corporate actions | high | — | — |
| 13 Aug 2026 · Q1 FY27 Results, Dividend, Diversification into Infra and Chemicals | results | high | — | — |
| 7 Aug 2026 · Board meeting on Aug 13 to consider Q1 results, dividend, MoA changes | results | low | — | — |
| 10 Jul 2026 · Quarterly Share Capital Audit Report for Q1 FY27 filed with exchanges | compliance | minimal | — | — |
| 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 |
| 1.0 |
| Wind Mill | 0 | 0.0 |
| Other (Unallocable) | 2 | 0.1 |
| Total, before eliminations | 1,689 | 100.0 |
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| SUPREME PETROCHEM LIMITED | 15,425 | 31.8 | 6.49 | 27.3 | 13.9 | 17.6 | — | 20.4 |
| SWAN CORP LIMITED | 9,247 | 44.4 | 1.01 | 18.8 | 3.0 | 3.3 | 68.6 | 3.0 |
| RAIN INDUSTRIES LIMITED | 7,265 | 13.5 | 0.88 | — | 6.0 | 4.3 | — | 19.3 |
| BHANSALI ENG. POLYMERS LT | 3,180 | 15.9 | 2.94 | 10.9 | 16.6 | 22.4 | (0.2) | 19.6 |
| MANALI PETROCHEMICALS LT | 1,468 | 8.2 | 1.15 | 5.8 | 10.1 | 10.9 | 0.1 | 35.2 |
| DCW LTD | 1,375 | 19.3 | 1.28 | — | 4.5 | 5.4 | — | 7.6 |
| TAMILNADU PETROPRODUCTS L | 1,161 | 8.2 | 1.14 | 8.2 | 9.6 | 10.2 | 5.1 | 16.3 |
| KOTHARI PETROCHEM LTD | 812 | 11.3 | 2.18 | — | 19.5 | 24.9 | — | 16.9 |
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 15.9 | 15.9 | 7 of 13 | 50% |
| P/B | 0.9 | 1.1 | 3 of 11 | 80% |
| ROCE | 6.8 | 6.1 | 7 of 14 | 54% |
| ROE | 6.3 | 6.3 | 7 of 13 | 50% |
| Debt / Equity | 0.5 | 0.1 | 12 of 13 | 8% |
| EBITDA margin | 7.5 | 12.0 | 9 of 12 | 27% |
| Revenue growth | (27.0) | 14.6 | 11 of 12 | 9% |
| Profit growth | (20.6) | 42.9 | 9 of 13 | 33% |
| Market cap | 650 | 1161 | 9 of 13 | 33% |
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| 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 |
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