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    Agarwal Industrial Corporation Limited

    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

    Chemicals
    Commodities
    View AGARIND earnings calls

    Overview

    Price

    Market Cap

    ₹715 Cr

    Sector

    Chemicals

    Commodities

    Rank

    Performance

    Financials

    Income Statement

    Financial Trajectories

    11
    Quarterly

    Balance Sheet

    Balance Sheet

    ₹ Cr · Annual
    Line itemFY20FY21FY22FY23FY24FY25FY26FY26
    LiabilitiesEquity Capital1010131515151515
    Reserves135155224283329378642407
    Borrowings9012514880148190417152
    Other Liabilities36314611911914427153
    Total Liabilities2723214324976107261.3k628
    AssetsFixed Assets47717367746472865
    CWIP31370161530
    Investments1110294254523879
    Other Assets210239327381481595564454
    Total Assets2723214324976107261.3k628

    Cash Flow

    Cash Flow

    ₹ Cr · Annual
    Line itemFY19FY20FY21FY22FY23FY24FY25FY26
    ActivitiesCash from Operating2921292961-26-29148
    Cash from Investing-4-27-26-16-10-14-10-67
    Cash from Financing-267123-684924-58
    SummaryCapital Expenditure
    Free Cash Flow2515192152-37-46123
    FCF Margin

    Valuation

    Assumptions

    Current — AGARIND
    Price
    ₹548
    EPS (TTM)
    ₹23.02
    PE (TTM)
    23.8
    Profit growth
    -23.9%

    The Earnings Per Share over the last 12 months.

    %

    Your assumption of the company's expected yearly EPS growth (e.g., 6 for 6%).

    Pre-filled with the lower of median (27.3×) and current (23.8×) PE — the conservative anchor.

    %

    The annualized return you aim to achieve. We solve for the price that delivers it, then compare to today's price.

    Valuation

    Current price
    ₹548
    vs
    Fair value · 15% return
    ₹51
    91%Overvalued

    At -23.9% growth and a 24× exit, ₹548 only delivers your return if you pay ₹51. The price is currently baking in 17% growth.

    EPS grows -23.9%/yr for 5 years, then fades to 6% over 2, exits at 24×.

    YearGrowthEPS (₹)
    FY27-23.9%17.52
    FY28-23.9%13.33
    FY29-23.9%10.15
    FY30-23.9%7.72
    FY31-23.9%5.88
    FY32-8.9% ·fade5.35
    FY336.0% ·fade5.67

    Methodology: we discount normalized net profit as a proxy for owner earnings (an earnings-power approximation — not full free cash flow). Terminal growth is capped at 6% (≈ nominal GDP) regardless of the required return. This is an analytical tool, not investment advice.

    Learn to analyse Agarwal Industrial Corporation Limited

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