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Agarwal Industrial Corporation share price & results

Agarwal Industrial Corporation Limited· Chemicals· Commodities

Results to
Jun 2026
Latest analysed call
Q1 FY26
Ownership as of
Sept 2026

India's largest private-sector bitumen company — manufactures and imports paving, industrial, CRMB, PMB and emulsion bitumen grades, with owned shipping vessels, port storage terminals and a dedicated tanker fleet for bitumen and LPG logist

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Reported

The figures, each with its period

Each figure keeps its basis and period; nothing is filled in.

MetricValueChangeBasisPeriodNote
Revenue433 ₹ crore−27.1% YoYQuarterly, as filedQuarter to Jun 2026Revenue from operations as filed.
Operating margin7.0 %+1.0 pts YoYOperating profit / revenueQuarter to Jun 2026For the quarter; a change is in percentage points.
Net profit10.0 ₹ crore−23.1% YoYQuarterly, as filedQuarter to Jun 2026Profit after tax as filed.
Return on equity6.23 %−13.8 ptsFY Mar 2026 vs FY Mar 2025Trailing twelve monthsTTM to Jun 2026Adjusted profit attributable to owners ÷ average owners’ equity.
Free cash flow margin9.99 %+12.7 ptsFY Mar 2026 vs FY Mar 2025Fiscal yearFY ending Mar 2026(Operating cash flow − fixed-asset purchases + disposals) ÷ revenue.
Revenue growth (YoY)-34.75 %−44.0 ptsFY Mar 2026 vs FY Mar 2025Trailing twelve monthsTTM to Jun 2026Revenue change against the same period one year earlier.

Source: Inve data from filed results; ratios from the Screener-verified panel · to Jun 2026

Guidance

What management said, and what became of it

0 of 1 judged target kept · 5 open · verdicts reflect calls analysed to Q1 FY26.

Agarwal Industrial Corporation Limited management guidance track record on Inve: 6 targets tracked across analysed earnings calls (0 achieved, 1 missed, 5 open).

TargetOriginal wordingSaidLatest callVerdict
FY26 Bitumen Volume20% growth
Call transcript, Q3 FY25 · 28 Feb 2025		Q3 FY25Q1 FY26:Revised down to 'around 6 lakh tons' (~10% growth) due to Q1 shortfall
Call transcript, Q1 FY26 · 22 Aug 2025		Revised Down
Volume DoublingDouble volumes in the next 3 years (by FY28)
Call transcript, Q3 FY25 · 28 Feb 2025		Q3 FY25Q1 FY26:Guidance for FY28 remains the same despite Q1 geopolitical issues
Call transcript, Q1 FY26 · 22 Aug 2025		On Track
FY25 Bitumen Volume10-15% growth (approx 5.5-5.7 lakh tons), revised down from 20%
Call transcript, Q3 FY25 · 28 Feb 2025		Q3 FY25Q4 FY25:Achieved 536,000 tons, missing the revised 5.5 lakh ton lower bound
Call transcript, Q4 FY25 · 28 May 2025		Missed

Source: Inve Guidance Tracker for Agarwal Industrial Corporation Limited · to Q1 FY26

A verdict describes what became of management’s own words in later analysed calls. “Delayed” is a change of date, “went quiet” a target the calls stopped mentioning. None of it is a judgement on the investment. The methodology sets out how verdicts are recorded.

1 of Agarwal Industrial Corporation Limited's 6 targets was missed. See which ones, and which are quietly gone. The 3 above are the free sample; 3 more targets are in the full ledger.

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Price

₹329.65 +4.77% · +₹15

Last close 27 Oct 2026 · NSE · INR · Source: Inve

Performance −63.3% 1Y

₹400₹600₹800Oct 25Dec 25Jan 26Mar 26Apr 26Jun 26Jul 26Sept 26Oct 26

1Y: ₹897.75 on 24 Oct 2025 → ₹329.65. High ₹897.75 (24 Oct 2025), low ₹314.65 (26 Oct 2026).

Previous close
₹314.65
Market cap
₹488 Cr
52-week range
₹314.65 – ₹872.95
One year
−62.24%
Price to earnings (TTM to Jun 2026)
11.90×
Return on equity (TTM to Jun 2026)
6.23%

Overview

Symbol
NSE:AGARIND
Sector
Chemicals
Industry
Commodities
Exchange
NSE
Currency
INR

What Agarwal Industrial Corporation Limited does

Based on the company's own presentations, annual report and earnings calls.

Agarwal Industrial Corporation Limited (AICL) manufactures, imports and trades bitumen and allied bituminous products — including paving grade (VG30/VG40), industrial/blown grade, crumb rubber modified (CRMB), polymer modified (PMB) and bitumen emulsions — supplying road-construction contractors both directly and through PSU oil marketing companies (BPCL, HPCL, IOCL). It imports bulk bitumen from Middle East refineries using its own shipping vessels, stores it at owned and leased port terminals, processes it at company-owned manufacturing facilities, and delivers it via a dedicated road-tanker fleet. Beyond bitumen, AICL charters its vessels to third parties, distributes LPG sourced from Indian refineries, operates a logistics/transport business, and runs windmills.

Segments

  • Bitumen & Allied Products (Ancillary Infra)
  • Petroleum Vessels Operating and Chartering
  • Petroleum Products (LPG)
  • Logistics
  • Windmill
Manufacturing facilities
7 (35,125 MTPA capacity) – Belgaum, Cochin, Guwahati, Hyderabad, Pachpadara, Taloja, Vadodara
Owned shipping vessels
11 vessels, 113,549 MT total capacity
Port-based bulk storage terminals
7 terminals, 30,500 MT capacity (owned: Dighi, Mumbai, Vadodara; leased: Haldia, Hazira, Karwar, Mangalore)
Logistics tanker fleet
650+ (350+ bitumen tankers, 300+ LPG tankers)
Bitumen imported from Middle East
486,546 MT (FY2025)
Countries served
5
Founded 1995Headquarters Chembur, Mumbai, MaharashtraEmployees 1,000 (FY25) Company website

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