AROGRANITE
Aro Granite Industries financials
- Market cap
- ₹37 Cr
- Sector
- Consumer Durables
What Aro Granite Industries Limited does
Aro Granite Industries processes raw granite blocks (sourced domestically and imported) into finished granite slabs and tiles through sawing, cutting and polishing, using Multi-Wire cutting and a dedicated Cut-to-Size unit for customised orders. In 2020/2021 it added engineered quartz stone manufacturing at its Hosur facility, combining natural quartz with resins and additives. Manufacturing is spread across the Hosur (100% Export Oriented Unit) and Jaipur (Special Economic Zone unit) plants, and finished products are sold under a stock-and-sell model to customers in over 50 countries, predominantly the USA and Europe.
Segments
- Granite Slabs
- Granite Tiles
- Quartz Stone
- Manufacturing facilities
- 2 (Hosur, Tamil Nadu & Jaipur, Rajasthan)
- Total annual production capacity
- ~1 million Sq. Mt./yr (Hosur 100% EOU + Jaipur SEZ)
- Installed capacity — Granite Slabs
- 7,35,000 Sq. Mt./yr (Hosur 5,85,000 + Jaipur 1,50,000)
- Installed capacity — Granite Tiles
- 3,60,000 Sq. Mt./yr (Hosur)
- Installed capacity — Quartz Stone
- 1,80,000 Sq. Mt./yr (Hosur)
- Export countries
- 50+
Quarterly results
Q1 FY27: revenue down 23.7%, net profit down 12516.7% against the same quarter last year.
| Line item | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 29 | 30 | 27 | 27 | 20 −29% | 15 −51% | 12 −57% | 21 −24% |
| EBITDA | 0 | 0 | 1 | 6 | 0 +667% | -2 −509% | -3 −493% | -3 −148% |
| Net profit | -7 | 0 | 0 | 0 | -2 +65% | -3 | -6 −32150% | -7 −12517% |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Performance −36.9% 1Y
1Y: ₹37.05 on 10 Sept 2025 → ₹23.38. High ₹42 (19 Sept 2025), low ₹19.04 (30 Mar 2026).
Financials, as filed
Revenue fell 31.2% a year over 2 years, FY24 to FY26. Operating margin narrowed to 2.0%.
| Year ending | FY24 | FY25 | FY26 |
|---|---|---|---|
| Revenue | ₹155 Cr | ₹123 Cr | ₹74 Cr |
| Operating profit | ₹29 Cr | ₹6 Cr | ₹2 Cr |
| Operating margin | 18.6% | 5.1% | 2.0% |
| Interest | ₹16 Cr | ₹13 Cr | ₹15 Cr |
| Depreciation | ₹12 Cr | ₹10 Cr | ₹10 Cr |
| Net profit | ₹2 Cr | ₹-6 Cr | ₹-12 Cr |
| Net margin | 1.4% | -5.2% | -16.1% |
| Cash from operations | ₹35 Cr | ₹33 Cr | ₹17 Cr |
| Free cash flow | ₹35 Cr | ₹33 Cr | ₹19 Cr |
| ROCE | 5.0% | 2.0% | 1.0% |
How to read this
From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.
Balance sheet
| Year ending | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| Equity capital | ₹15 Cr | ₹15 Cr | ₹15 Cr | ₹15 Cr | ₹15 Cr | ₹15 Cr |
| Reserves | ₹172 Cr | ₹181 Cr | ₹175 Cr | ₹177 Cr | ₹168 Cr | ₹159 Cr |
| Borrowings | ₹168 Cr | ₹199 Cr | ₹205 Cr | ₹189 Cr | ₹148 Cr | ₹152 Cr |
| Other liabilities | ₹48 Cr | ₹56 Cr | ₹55 Cr | ₹64 Cr | ₹72 Cr | ₹69 Cr |
| Total liabilities | ₹404 Cr | ₹451 Cr | ₹450 Cr | ₹445 Cr | ₹403 Cr | ₹394 Cr |
| Fixed assets | ₹174 Cr | ₹163 Cr | ₹160 Cr | ₹149 Cr | ₹134 Cr | ₹128 Cr |
| Capital work in progress | ₹1 Cr | ₹8 Cr | ₹1 Cr | ₹1 Cr | ₹1 Cr | ₹1 Cr |
| Investments | ₹1 Cr | ₹1 Cr | ₹1 Cr | ₹1 Cr | ₹1 Cr | ₹0 Cr |
| Other assets | ₹228 Cr | ₹280 Cr | ₹288 Cr | ₹294 Cr | ₹267 Cr | ₹264 Cr |
| Total assets | ₹404 Cr | ₹451 Cr | ₹450 Cr | ₹445 Cr | ₹403 Cr | ₹394 Cr |
How to read this
As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.
Who owns it
As disclosed at Jun 2026
The ownership split has held steady since Jun 2025. The shareholder count shrank 5% to 11,140.
- Promoters
- 41.1%
- Public
- 58.9%
Since Jun 2025
- Public +0.01 pp
- Promoters 0.00 pp
- FIIs 0.00 pp
How it drifted, 12 quarters
Ownership split by quarter, oldest first. Sep '23: Promoters 41.1%, Public 58.9%.Dec '23: Promoters 41.1%, Public 58.9%.Mar '24: Promoters 41.1%, FIIs 0.0%, Public 58.9%.Jun '24: Promoters 41.1%, FIIs 0.0%, Public 58.9%.Sep '24: Promoters 41.1%, FIIs 0.6%, Public 58.3%.Dec '24: Promoters 41.1%, Public 58.9%.Mar '25: Promoters 41.1%, Public 58.9%.Jun '25: Promoters 41.1%, Public 58.9%.Sep '25: Promoters 41.1%, Public 58.9%.Dec '25: Promoters 41.1%, Public 58.9%.Mar '26: Promoters 41.1%, Public 58.9%.Jun '26: Promoters 41.1%, Public 58.9%.
Who bought this quarter
since Mar 2026
Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.
- Sangeetha S newly disclosed 1.31% held
- Sunil K Arora +1.22 pp 33.16% held
- Satish Desraj Kumar +0.10 pp 3.05% held
- Deepak Gupta +0.06 pp 1.26% held
The same filing shows 1 holder trimming and 1 off the list — both are in the register beside this.
Who is on the register
Named in the Jun 2026 filing
Every holder of Aro Granite Industries Limited above SEBI's 1% disclosure line, and what changed since Mar 2026.
| Holder | Stake | Change |
|---|---|---|
| Sunil K Arora | 33.16% | +1.22 pp |
| Dilipkumar Lakhi | 4.00% | unchanged |
| Sujata Arora | 3.93% | unchanged |
| Satish Desraj Kumar | 3.05% | +0.10 pp |
| Winfin Financial Consultants Pvt Ltd | 2.18% | unchanged |
| Sahil Arora | 1.98% | unchanged |
| Shivani Agarwal | 1.98% | unchanged |
| Bharat Pitti | 1.80% | unchanged |
| Investor Education and Protection Fund (IEPF) | 1.68% | unchanged |
| Sangeetha S | 1.31% | newly disclosed |
| Deepak Gupta | 1.26% | +0.06 pp |
| Ravi Kumar Arora | 0.01% | unchanged |
A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.
Learn to analyse Aro Granite Industries Limited
Guides on how to read this kind of business and the numbers that matter.