NSE: AURIGROW
AURI GROW INDIA LIMITED
Sells agricultural products through a single segment that generated the entirety of segment revenue in the nine months ended December 31, 2025, with an EBIT of ₹0.2849 crore. A Steel segment — historically reported as 'Construction related material incl steel' with ₹75.8163 crore of revenue in FY25 — contributed zero revenue in the same nine-month period. The identity record classifies the business under Industrials, Capital Goods, Industrial Products, Cables-Electricals, and filings indicate the entity was formerly named Godha Cabcon & Insulation Limited. Registered office in Indore, corporate office in Ahmedabad. Disclosed FY26 cost shape lists other operating expenses at 10.8% of revenue, employee costs at 1.6%, and depreciation at 0.6%; materials are listed at 0% of revenue. Total assets stood at ₹272.1874 crore. The statutory auditor resigned effective June 25, 2026 citing inability to obtain books, records and information needed for the audit and unpaid professional fees, and NSE suspended trading in the equity shares from July 8, 2026. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Agriculture (100%), Steel (0%). Single-segment agriculture activity in the latest reporting period, having previously reported cables/steel construction materials
Exhibit 1: Financial summary, FY22–FY26 (all audited; no estimate years)
| ₹ crore · consolidated | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 35 | 4 | 17 | 176 | 14 |
| EBITDA (ex other income) | 1 | (2) | 1 | 6 | (1) |
| margin % | 4.0 | (54.6) | 4.8 | 3.6 | (4.0) |
| Owners' profit | 0 | (1) | 1 | 7 | (1) |
| EPS, as reported (₹) | 0.74 | (0.06) | 0.08 | 0.08 | (0.01) |
| ROE % · ROCE % | — · — | (5.9) · (5.5) | 0.7 · 2.1 | 7.2 · 5.8 | (1.1) · (0.4) |
| Debt / equity (x) | — | 0.11 | 0.03 | 0.79 | 0.80 |
| Cash from operations | 3 | 4 | (46) | (106) | (0) |
| Capex | (4) | (1) | 0 | (0) | 0 |
Exhibit 2: Quarterly performance, last 8 quarters
| ₹ crore | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 10 | 83 | 14 | 69 | 6 | 8 | 0 | 0 |
| Profit before tax | 1 | 1 | 4 | 4 | 1 | (0) | (0) | (1) |
| Net profit | 0 | 1 | 3 | 3 | 1 | (0) | (0) | (1) |
| EPS (₹) | 0.01 | 0.01 | 0.41 | 0.04 | 0.00 | 0.00 | 0.00 | (0.01) |
Exhibit 3: Peers — basic industry group, by market cap
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| POLYCAB INDIA LIMITED | 1,26,247 | 43.9 | 10.41 | 29.7 | 22.3 | 28.9 | 26.5 | 15.1 |
| KEI INDUSTRIES LTD. | 44,100 | 44.2 | 6.62 | 30.9 | 13.8 | 17.9 | 22.9 | 13.0 |
| R R KABEL LIMITED | 27,283 | 44.9 | 10.60 | 33.4 | 19.1 | 23.9 | — | 10.4 |
| FINOLEX CABLES LTD | 21,415 | 26.8 | 3.52 | 21.5 | 11.7 | 14.1 | 18.0 | 16.7 |
| UNIVERSAL CABLES LTD | 5,150 | 25.7 | 2.72 | 21.9 | 8.6 | 5.0 | 18.7 | 10.0 |
| DYNAMIC CABLES LIMITED | 2,219 | 24.3 | 4.85 | — | 18.5 | 24.2 | — | 11.2 |
| QUADRANT FUTURE TEK LTD | 2,140 | — | 8.30 | — | (16.6) | (19.8) | — | (7.1) |
| PARAMOUNT COMM LTD | 1,864 | 30.7 | 2.40 | 16.8 | 7.7 | 10.2 | 29.8 | 7.1 |
Exhibit 4: Where the company sits in its group
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| ROCE | (0.7) | 13.5 | 12 of 13 | 8% |
| ROE | (1.1) | 8.6 | 10 of 11 | 10% |
| Debt / Equity | 0.8 | 0.1 | 11 of 11 | 0% |
| Revenue growth | (100.0) | 36.1 | 10 of 10 | 0% |
| Profit growth | (140.1) | 35.0 | 10 of 10 | 0% |
Exhibit 5: Filings of the last 90 days, with the measured price reaction
| Date · filing | Category | Importance | 1-day % | 5-day % |
|---|---|---|---|---|
| 6 Jul 2026 · Trading in Auri Grow India shares suspended from July 08, 2026 | capital market events | critical | — | — |
| 25 Jun 2026 · Statutory Auditor resigns citing withheld records and unpaid fees | management changes | high | — | — |
| 25 Jun 2026 · Statutory Auditor resigns mid-term citing missing records and unpaid fees | management changes | high | — | — |
| 25 Jun 2026 · Statutory Auditor resigns citing missing records and unpaid fees | management changes | medium | — | — |
| 25 Jun 2026 · Statutory Auditor Resigns Citing Lack of Records and Unpaid Fees | board shareholder meetings | low | — | — |
| 20 Jun 2026 · Change of registered office within Indore city | board shareholder meetings | low | — | — |
| 29 May 2026 · Auri Grow India Limited has informed the Exchange about Copy of Newspaper Publication | compliance | minimal | — | — |
| 27 May 2026 · Auri Grow India Limited has submitted to the Exchange, the financial results for the period ended March 31, 2026. | results | high | — | — |
| 20 Apr 2026 · Auri Grow India Limited has informed the Exchange about Certificate under SEBI (Depositories and Participants) Regulations, 2018 | compliance | minimal | — | — |
| 27 Mar 2026 · Auri Grow India Limited has informed the Exchange regarding the Trading Window closure pursuant to SEBI (Prohibition of Insider Trading) Regulations, 2015 | compliance | minimal | — | — |
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.