Assembled from the company's filings and exchange data as of today. Download PDF renders this page on the server; the narrative sections arrive with the Nexa composer.
Dossier · ARO GRANITE IND. LTD. · 9 October 2026Page 1 of 3
Company Dossier
MarketPing Research · factual · no rating expressed
ARO GRANITE IND. LTD.
NSE: AROGRANITE · BSE: 513729
NSE: AROGRANITE · BSE: 513729
Consumer Discretionary › Consumer Durables › Consumer Durables › Granites & Marbles
ARO GRANITE IND. LTD.
StateQ1 FY27 filed
Last close · 9 Oct 2026₹22.11
Market cap₹0.0k cr
TTM P/E · P/B · EV/EBITDA— · 0.19 · 35.0
ARO GRANITE IND. LTD. is a Consumer Durables company listed on NSE. The annual-report business brief for this company has not been generated yet; the numbers below are as filed.
What a broker report prints here — the analyst's thesis. This dossier prints the filed record instead; the narrative read of the latest results, the guidance ledger and the earnings-call summary are the composer's sections (INSTITUTIONAL-PLAN.md M3) and are not yet produced.
Exhibit 1: Financial summary, FY22–FY26 (all audited; no estimate years)
| ₹ crore · standalone | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 225 | 164 | 155 | 123 | 74 |
| EBITDA (ex other income) | 30 | 19 | 31 | 6 | 2 |
| margin % | 13.4 | 11.6 | 19.9 | 5.1 | 2.0 |
| Owners' profit | 9 | (6) | 1 | (6) | (12) |
| EPS, as reported (₹) | 5.89 | (3.84) | 0.88 | (4.07) | (7.79) |
| ROE % · ROCE % | 4.5 · 6.8 | (3.0) · 2.6 | 0.7 · 7.7 | (3.5) · 2.6 | (6.8) · 1.6 |
| Debt / equity (x) | 1.01 | 1.08 | 0.98 | 0.86 | 0.87 |
| Cash from operations | (17) | 14 | 19 | 41 | 17 |
| Capex | (7) | (3) | (0) | (0) | (0) |
Source: SEBI results XBRL as filed with BSE/NSE; EBITDA excludes other income.
Every figure is a filed number or a ratio over filed numbers · No rating, target or fair value is expressed · Disclosures on the last pagemarketping.in
Dossier · ARO GRANITE IND. LTD. · 9 October 2026Page 2 of 3
Exhibit 2: Quarterly performance, last 8 quarters
| ₹ crore | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 29 | 30 | 27 | 27 | 20 | 15 | 12 | 21 |
| Profit before tax | (7) | 0 | 0 | 0 | (2) | (3) | (6) | (7) |
| Net profit | (7) | (0) | 0 | 0 | (2) | (3) | (6) | (7) |
| EPS (₹) | (4.66) | 0.02 | 0.03 | 0.00 | (1.66) | (1.92) | (4.21) | (4.83) |
Source: quarterly results as filed; the balance sheet is filed half-yearly and is not repeated here.
Exhibit 3: Segment revenue, FY26
| Segment | Revenue, ₹ crore | Share % |
|---|---|---|
| b. Granite Slabs/ Tiles Divisions | 15 | 17.0 |
| a. Quartz Division | 1 | 0.9 |
| b. Granite Slabs/Tiles Division | 19 | 22.2 |
| Quartz Division | 3 | 3.0 |
| Granite Slabs/Tiles Division | 22 | 25.3 |
| a. Quartz Division | 9 | 10.2 |
| b. Granite Slabs / Tile Division | 19 | 21.9 |
| Total, before eliminations | 86 | 100.0 |
Source: the filed segment block, four quarters summed.
Exhibit 4: Peers — basic industry group, by market cap
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| MIDWEST LIMITED | 3,554 | 30.8 | 3.63 | 19.4 | 10.9 | 12.5 | — | 28.6 |
| POKARNA LIMITED | 2,139 | 22.5 | 2.50 | 13.4 | 9.4 | 8.4 | 14.1 | 39.2 |
| GLOBAL SURFACES LIMITED | 113 | — | 0.42 | 26.3 | (11.8) | (6.2) | — | 13.0 |
| PACIFIC INDUSTRIES LTD. | 94 | 47.1 | 0.21 | 9.9 | 0.4 | 0.3 | (2.8) | 10.3 |
| ELEGANT MARBLES & GRANI INDUST | 50 | 14.8 | 0.40 | — | 2.7 | 3.8 | — | 10.9 |
| ROYAL CUSHION VINYL PRODUCTS L | 44 | — | — | — | 21.7 | 197.6 | — | (38.1) |
| ORIENTAL TRIMEX LTD | 35 | 11.4 | 0.35 | — | 1.8 | 2.8 | — | 18.9 |
| ARO GRANITE IND. LTD. ◆ | 34 | — | 0.19 | — | (6.8) | (5.4) | — | (10.1) |
Source: exchange data and filed statements via the screener; multiples at current prices.
Exhibit 5: Where the company sits in its group
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/B | 0.2 | 0.4 | 1 of 8 | 100% |
| ROCE | (5.4) | 2.8 | 8 of 9 | 13% |
| ROE | (6.8) | 1.1 | 7 of 8 | 14% |
| Debt / Equity | 0.9 | 0.1 | 8 of 8 | 0% |
| EBITDA margin | (10.1) | 10.9 | 8 of 9 | 13% |
| Revenue growth | (23.7) | (6.8) | 6 of 8 | 29% |
| Profit growth | (13460.0) | (68.2) | 8 of 8 | 0% |
| Market cap | 34 | 50 | 8 of 9 | 13% |
Source: MarketPing peer ranks; a rank is a measurement, not a view.
Every figure is a filed number or a ratio over filed numbers · No rating, target or fair value is expressed · Disclosures on the last pagemarketping.in
Dossier · ARO GRANITE IND. LTD. · 9 October 2026Page 3 of 3
Exhibit 6: Filings of the last 90 days, with the measured price reaction
| Date · filing | Category | Importance | 1-day % | 5-day % |
|---|---|---|---|---|
| 7 Oct 2026 · Quarterly dematerialisation certificate filed with exchanges | compliance | minimal | — | — |
| 28 Sept 2026 · Trading Window Closure from Oct 1, 2026 for Q2 and Half Year Results | compliance | minimal | — | — |
| 17 Sept 2026 · Postal Ballot Notice published in newspapers | compliance | minimal | — | — |
| 16 Sept 2026 · Postal Ballot: Jaipur Unit Slump Sale for Rs.67 Cr and RPT Approval | board shareholder meetings | low | — | — |
| 12 Sept 2026 · AGM 2026 voting results: All 7 resolutions passed, MD and WTD reappointed | compliance | low | — | — |
| 11 Sept 2026 · Aro Granite 38th AGM held on Sept 11, 2026; 7 resolutions transacted | board shareholder meetings | low | — | — |
| 7 Sept 2026 · Aro Granite to sell Jaipur SEZ unit for Rs 67 Cr via slump sale | strategic transactions | high | — | — |
| 7 Sept 2026 · Aro Granite to sell Jaipur SEZ unit via slump sale for Rs 67 Cr | strategic transactions | medium | — | — |
| 11 Aug 2026 · Letter to Shareholders Sharing Annual Report Web Link for FY26 | compliance | minimal | — | — |
| 11 Aug 2026 · Newspaper publication of 38th AGM notice and Annual Report | compliance | minimal | — | — |
Source: exchange announcements; reaction = close-to-close from the filing's session.
How to read this document
| 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 | 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 |
Sources, method and disclosures
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.
Every figure is a filed number or a ratio over filed numbers · No rating, target or fair value is expressed · Disclosures on the last pagemarketping.in