Agarwal Industrial Corporation Ltd
AGARINDAgarwal Industrial Corporation Ltd's three tracks disagree. Price, valuation and the earnings engine each tell a different story — the next quarter or two settles it.
Biggest watch item: the P/E sits at the 73rd percentile of its own range — the multiple has already done part of the work.
The price is in a downtrend (72 weeks in) while the P/E sits at the 73rd percentile of its own 10-year range. Underneath, the last four quarters read deteriorating — profit −48.4% year on year, and 166% of the last 3 years' profit arrived as cash. What settles it: the next one or two quarters of delivery.
Price story Before the numbers, the tape. A stock price moves through four repeating seasons: a flat base (stage 1), an advance (2), a top (3), a decline (4). Where the price sits in that cycle frames everything below.
Agarwal Industrial Corporation Ltd trades at ₹495, in a downtrend and 72 weeks into that stage. That is −18.6% against its own 200-day average. It sits at 19% of a 52-week range of ₹378 to ₹989. On relative strength it has been ahead of the NIFTY 500 on a trailing-13-week view for 9 straight weeks.
Today the stock is in a downtrend — week 72 of stage 4, confirmed. At ₹495 it trades −18.6% versus its 200-day average and sits at 19% of its 52-week range (₹378–₹989).
Against the market, two honest reads. Cumulative: over the last 10.3 years the stock moved +224% while the NIFTY 500 moved +274% — behind the index over the full window. Recent form: on a trailing-13-week view the stock has been ahead for 9 straight weeks — the ribbon below is that same metric, week by week.
What would end the trend, mechanically: two Friday closes in a row below the 200-day line. That is the exit rule — no debates.
→ The trend is one thing; the bill is another. Are you paying up for it? Next: the P/E sits at the 73rd percentile of its own range.
Valuation P/E is the price of ₹1 of annual profit: how many rupees the market pays for each rupee the company earns in a year.
Agarwal Industrial Corporation Ltd trades at 16.4× P/E, at the pricey end of its own range (73rd percentile). Its long-run median P/E is 12.6×, measured across 10.4 years of weekly readings. This places the multiple against the stock’s own record, and says nothing about what the business is worth.
Today's P/E of 16.4× is at the pricey end of its own range (73rd percentile), against a long-run median of 12.6× measured over 10.4 years of weekly readings. This is a comparison against the stock's own history — not a claim about what it is worth.
Why the multiple sits where it does: over the past year annual EPS moved −62.3% against a −46.7% price move — the price outran earnings, pushing the multiple UP its own range.
The price move, decomposed: over 5y, of the +6.9%/yr price move, ~−5.9%/yr came from earnings growth and ~+12.8 pp from the multiple (expanding); over 10y, of the +14.0%/yr price move, ~+10.5%/yr came from earnings growth and ~+3.5 pp from the multiple (expanding). The split is the honest approximate (price return minus earnings growth); it makes the rally itself visible instead of hiding it behind the percentile.
Put together: the multiple is full against its own past, so the story rests on the earnings line underneath it, not the multiple.
A quarterly PEG curve, which only the second data source carries, is not drawn on this page: its two data sources do not share enough overlapping reported history to be compared. A figure nobody could check is not used to price growth — the gap is a decision, not missing data.
→ Cheap or dear rides on the earnings. Are they actually growing? Next: the fundamental stage — where the business sits in its arc, and how growth has compounded.
Stage: Deteriorating Every business sits somewhere on a fundamental arc, and this page names the spot before anything else. The last twelve quarters of revenue, profit and EPS growth — plus the return the business earns on its capital — are read as curves: Deteriorating (the curves are falling), Turning around (a trough has just formed and the last few quarters lift off it), Improving (the climb off the trough is sustained), Consistent (steadily positive with healthy returns), Topping out (still high but decelerating from the peak). When the curves genuinely disagree the read is Mixed; too little history is No read. CAGR (compound annual growth rate) is the smooth yearly pace that turns the starting value into the latest one — the fairest way to compare growth across different time spans. Read the columns together: if the 1-year number towers over the 10-year, recent growth is running hotter than the long-run trend. A dash means that window is not held, or the base year was a loss (where a growth rate is not meaningful).
Agarwal Industrial Corporation Ltd reads as deteriorating on its fundamental arc. Deteriorating — revenue and profit growth are shrinking (revenue growth −50.8% latest (single-quarter readings) against +40.5% at its 12-quarter best), ROCE slipping at 8.0%. The read is built from 10 quarters across 3 curves, on partial evidence.
🚨 Why it matters: falling curves mean every cheap-looking ratio below needs a discount for direction.
One or more growth curves carry a base-effect spike — a large year-on-year move off a near-zero or loss-making comparable quarter. Those spikes are capped before the classifier reads the trajectory, and shown pinned on the chart, so a single distorted quarter does not drive the stage call.
Return readings here are annual, not quarterly — read as level and direction only; they can confirm the growth curves but never drive the stage on their own.
A partial read: at least one curve is short, or the returns curve is not the computed quarterly series — hold the stage word a little more loosely.
| 1yr | 3yr | 5yr | 10yr | |
|---|---|---|---|---|
| Revenue | −31.1% | −6.4% | +12.8% | +19.4% |
| Profit | −62.1% | −21.8% | +1.4% | +20.2% |
| EPS | −62.3% | −22.1% | −5.9% | +8.9% |
| Share price | −46.7% | −10.1% | +6.9% | +14.0% |
→ The stage names the trajectory. Next: the revenue line that produces it, quarter by quarter.
4-Factor Sector Score
30.8/100 — rank 4 of 4 in Petrochem - Others · 78% evidence confidence
Agarwal Industrial Corporation Ltd scores 30.8 out of 100 against the 4 companies it is compared with in Petrochem - Others, ranking 4. Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
The four contributions add to the total exactly: 9.1 + 10.6 + 8.1 + 3 = 30.8. This is the SAME number shown on the sector comparison — it is computed once, for the whole peer set, and read here.
What would change it: The read weakens if profit growth turns negative or margin improvement reverses while sector-relative strength deteriorates.
Revenue Revenue is the top line: everything the company billed its customers in the period.
Agarwal Industrial Corporation Ltd reported ₹405 Cr of revenue in the Mar 26 quarter, −50.8% year on year. Over 10 years it has compounded at 19.4% a year. The last full year, FY26, came in at ₹1,652 Cr. The last four reported quarters add to ₹1,652 Cr.
Agarwal Industrial Corporation Ltd reported ₹405 Cr of revenue in the Mar 26 quarter, −50.8% year on year. Over 10 years it has compounded at 19.4% a year. The last full year, FY26, came in at ₹1,652 Cr. The last four reported quarters add to ₹1,652 Cr.
FY26 revenue came in at ₹1,652 Cr (−31.1% on the year), capping 10 years at 19.4% compound. The latest quarter (Mar 26) printed ₹405 Cr, −50.8% year on year.
Pace check: the last four quarters averaged −29.1% growth against the decade's 19.4% — the current year is running slower than its own long-run rate.
Acceleration check: trailing-twelve-month revenue grew −31.1% over the last 4 quarters against −11.8%/yr over the last 8 — rolling over; TTM profit −62.1% vs −36.8%/yr — rolling over.
→ Revenue slipped — did margins hold as it scaled? Next: 8.0% this quarter (+2.0 pp YoY).
Operating margin Operating margin is what is left of every ₹100 of sales after running the business, before interest and tax. It is the cleanest read on pricing power and cost control.
Agarwal Industrial Corporation Ltd's operating margin is 8.0% in the Mar 26 quarter, +2.0 percentage points against the same quarter a year ago. Across 13 fiscal years the operating margin has ranged 6.0% to 9.0%. The current quarter sits inside that band.
Agarwal Industrial Corporation Ltd's operating margin is 8.0% in the Mar 26 quarter, +2.0 percentage points against the same quarter a year ago. Across 13 fiscal years the operating margin has ranged 6.0% to 9.0%. The current quarter sits inside that band.
The latest quarter's operating margin is 8.0%, +2.0 pp against the same quarter a year ago. Across 13 fiscal years the operating margin has ranged 6.0%–9.0%.
Why the margin moved: operating margin went +1.5 pp year on year while gross margin went +11.0 pp — the gain came mostly from the gross line: input costs and pricing.
→ Margins held — did that reach the bottom line? Next: profit −48.4% in the latest quarter.
Net profit Net profit is what survives every cost, interest and tax — the number EPS, dividends and book value all grow from.
Agarwal Industrial Corporation Ltd earned ₹16.0 Cr of net profit in the Mar 26 quarter, −48.4% year on year. Full-year FY26 profit was ₹44.0 Cr. The 10-year compound rate is 20.2%. That is 4.0% of the quarter's revenue. The same quarter a year earlier earned ₹31.0 Cr.
Agarwal Industrial Corporation Ltd earned ₹16.0 Cr of net profit in the Mar 26 quarter, −48.4% year on year. Full-year FY26 profit was ₹44.0 Cr. The 10-year compound rate is 20.2%. That is 4.0% of the quarter's revenue. The same quarter a year earlier earned ₹31.0 Cr.
Mar 26 profit was ₹16.0 Cr, −48.4% year on year. On the full year, FY26 printed ₹44.0 Cr (−62.1%), and the 10-year compound rate is 20.2%.
🚨 Why profit moved: revenue contributed −50.8% and the margin +2.0 pp — the quarter was margin-led: most of the profit growth came from keeping more of each sale.
Pace comparison, last four quarters: profit −59.4% vs revenue −29.1%. Profit is growing slower than sales — costs are eating the growth before it reaches the bottom line.
→ Profit rose — but did the cash follow? Next: 166% of the last 3 years' profit arrived as cash.
Cash flow — the router The P&L says what was earned; the cash-flow statement says what actually arrived. Operating cash flow (CFO) against profit is the cleanest lie detector in the accounts.
Over the last 3 fiscal years 166% of Agarwal Industrial Corporation Ltd's reported profit arrived as operating cash — the cash follows the profit. In FY26 that was ₹235 Cr of operating cash against ₹44.0 Cr of profit. After ₹94.0 Cr of capital spending, ₹141 Cr was left as free cash.
FY26: operating cash of ₹235 Cr against reported profit of ₹44.0 Cr, leaving free cash of ₹141 Cr after ₹94.0 Cr of capital spending. Across the last 3 fiscal years the conversion rate is 166% of profit.
Cash-flow readings here are annual — that is the resolution our series carries, so this section moves once a year.
Why conversion sits at 166%: the cash cycle tightened 38 days between FY21 and FY26 — cash that used to wait in the cycle now reaches the bank sooner.
Router verdict: the bigger cash user is investment — capital spending ran 4.1× depreciation over three years, so the next section's job is to check what that build-out is buying.
→ So follow the cash to where it goes. Next: ₹531 Cr of building over 3 years.
Where the cash goes Working capital is the cash tied up between paying suppliers and getting paid: debtor days (customers owe), inventory days (stock waits), and the cash conversion cycle (the whole loop, in days of sales).
Agarwal Industrial Corporation Ltd's cash conversion cycle runs 24 days in FY26, down from 62 days in FY21. Capital spending ran ₹531 Cr over the last 3 years. At FY26 sales of ₹1,652 Cr each day of that cycle holds about ₹4.5 Cr, so roughly ₹109 Cr sits inside the business at any moment.
FY26: debtors at 34 days, inventory at 35 days — roughly 1.2 months of stock waiting to sell; that is where the cash sits while it waits — for a full cycle of 24 days, tighter than FY21's 62.
The full loop: cash goes out to suppliers and production on day 0; stock waits 35 days to sell; customers pay about 34 days after that; and suppliers themselves are paid at 44 days — netting out to the 24-day cycle.
In money terms: at FY26 sales of ₹1,652 Cr, each day of the cycle holds about ₹4.5 Cr — so the 24-day loop keeps roughly ₹109 Cr sitting inside the business at any moment.
On the investment side: capital spending of ₹531 Cr over the last 3 fiscal years against ₹130 Cr of depreciation — the company is building well ahead of wear-and-tear. Capital work-in-progress stands at ₹31.0 Cr (FY26) — capacity paid for but not yet earning.
The synthesis: the cash is going into capacity, not disappearing into the cycle — the question becomes whether the new capacity earns.
→ Does all this activity actually earn its cost of capital? Next: ROCE is 8% and the ROIC − WACC spread is −6.6 pp.
Return on capital Return on capital employed (ROCE) is the profit the whole business earns on all the money in it — equity and debt together. It is the single best test of whether growth creates value or just size.⚠ unverified
Agarwal Industrial Corporation Ltd earns a ROCE of 8% in FY26. Return on invested capital clears the cost of that capital by −6.6 percentage points, so growth here is not yet paying for the capital it uses. The wiring behind it is 2.7% net margin on 1.37× asset turns.
FY26 ROCE is 8%.
🚨 Why the return is what it is — the wiring (FY26): 2.7% net margin × 1.37× asset turns × 1.74× balance-sheet leverage ≈ 6.4% on equity. Margin does its share; leverage is a meaningful part of the equation.
The capstone test — ROIC − WACC: 5.4% − 12.0% = a −6.6 pp spread. The 12.0% is a standing assumption for the cost of capital in India, not a per-stock estimate — read the sign and the size of the spread, not the decimals. Negative — growth at these returns destroys value until the returns recover.
→ Returns like these — is the balance sheet borrowing to make them? Next: debt-to-equity is 0.49.
Debt Debt-to-equity says how much of the business is funded by borrowings. Low is the safe corner; the trend matters as much as the level.⚠ unverified
Agarwal Industrial Corporation Ltd carries total debt of ₹341 Cr against shareholder equity of ₹689 Cr as of Mar 26, a debt-to-equity of 0.49. On the annual view that ratio went from 0.58 in FY22 to 0.49 in FY26. Read the returns elsewhere on this page with that leverage in mind.
Mar 26: total debt of ₹341 Cr against shareholder equity of ₹689 Cr — a debt-to-equity of 0.49. On the annual view, debt-to-equity went from 0.58 (FY22) to 0.49 (FY26). Read the returns on this page with that leverage in mind.
→ Who owns this, and are they adding or leaving? Next: Foreign institutions cut 3.6 points over 8 quarters.
Ownership Who owns the stock, quarter by quarter: promoters (the controlling owners), foreign and domestic institutions, and the public. Steady accumulation by people close to the numbers is a signal; a quiet register is also an answer.
Foreign institutions cut 3.6 points of Agarwal Industrial Corporation Ltd over 8 quarters, the biggest move on the register. That takes foreign institutions to 2.4% of the company. Domestic institutions moved −0.4 points over the same window, to 0.1%. The register is read on the four disclosed classes only; nothing is inferred between filings.
The register over the last two years — Foreign institutions: −3.6 points over 8 quarters to 2.4%; Domestic institutions: −0.4 points over 8 quarters to 0.1%; Promoters: +0.0 points over 8 quarters to 57.2%.
🚨 Why the register moved: foreign institutions drove it (−3.6 points) — distribution into the market’s bid.
→ One last check: does the safety math agree? Next: the balance-sheet safety line.
Safety line The Z-score estimates how far a company sits from balance-sheet distress — above roughly 3 is safe, below roughly 1.8 is the danger zone. It was built for manufacturers, so it is not applied to banks and lenders.
Agarwal Industrial Corporation Ltd: the Z-score is not available for this stock, so we say so rather than invent one. It is a distance-to-distress estimate from the balance sheet, not a forecast of failure. The debt, cash-flow and return sections above carry the balance-sheet evidence this page does hold, and each of them states its own reporting date.
The safety line in one sentence: the Z-score is not available for this stock, so we say so rather than invent one.
| Company | P/E | Mkt cap | Revenue | EPS | ROCE | Stage |
|---|---|---|---|---|---|---|
| Agarwal Industrial Corporation Ltd this page | 16.4× | ₹715 Cr | Deteriorating | |||
| Savita Oil Technologies Ltd | 24.4× | ₹4,427 Cr | Turning around | |||
| DCW Ltd | 28.3× | ₹1,364 Cr | Mixed | |||
| Tamil Nadu Petro Products Ltd | 9.3× | ₹855 Cr | Mixed |
Frequently asked questions
What is Agarwal Industrial Corporation Ltd's share price today?
Agarwal Industrial Corporation Ltd trades at ₹495, −46.7% over the past year. The company is valued at ₹715 Cr. The stock sits at 19% of its 52-week range of ₹378–₹989, −18.6% versus its 200-day average. On the tape, the price is in a downtrend, 72 weeks in. — as of 24 July 2026.
What were Agarwal Industrial Corporation Ltd's latest quarterly results?
Agarwal Industrial Corporation Ltd reported revenue of ₹405 Cr and net profit of ₹16.0 Cr for the Mar 26 quarter. Revenue fell 50.8% and profit fell 48.4% year on year. Earnings per share were ₹10.53. The operating margin was 8.0%, 2.0 pp higher than a year earlier. — as of 24 July 2026.
What is Agarwal Industrial Corporation Ltd's revenue?
Agarwal Industrial Corporation Ltd reported revenue of ₹405 Cr in the Mar 26 quarter, −50.8% year on year. For the full FY26 fiscal year, revenue was ₹1,652 Cr (−31.1%). Over the last 10 years revenue compounded at 19.4% a year. — as of 24 July 2026.
What is Agarwal Industrial Corporation Ltd's profit?
Agarwal Industrial Corporation Ltd earned ₹16.0 Cr of net profit in the Mar 26 quarter, −48.4% year on year. Full-year FY26 profit was ₹44.0 Cr. The operating margin ran 8.0% in the latest quarter. — as of 24 July 2026.
What is Agarwal Industrial Corporation Ltd's market cap?
Agarwal Industrial Corporation Ltd's market capitalisation is ₹715 Cr at a share price of ₹495. Market cap is the share price multiplied by shares outstanding, so it is restated whenever the price moves. — as of 24 July 2026.
What is Agarwal Industrial Corporation Ltd's P/E ratio?
Agarwal Industrial Corporation Ltd trades at a P/E of 16.4×, at the 73rd percentile of its own 10-year range, against a long-run median of 12.6×. This is a comparison with the stock's own history, not a value call — as of 24 July 2026.
Does Agarwal Industrial Corporation Ltd pay a dividend?
Yes — Agarwal Industrial Corporation Ltd's dividend payout was 11% of profit in FY26, and it recorded a payout in each of its last 13 reported fiscal years. This page holds the payout ratio, not a per-share amount. — as of 24 July 2026.
Is Agarwal Industrial Corporation Ltd overvalued?
On its own history, Agarwal Industrial Corporation Ltd looks expensive against its own history: its P/E of 16.4× sits at the 73rd percentile of its 10-year range (long-run median 12.6×). That is a percentile read against the stock's own past, not a price opinion or a direction call. — as of 24 July 2026.
Is Agarwal Industrial Corporation Ltd growing?
Not right now — Agarwal Industrial Corporation Ltd's latest numbers are shrinking: latest-quarter revenue −50.8% year on year, profit −48.4%, and the margin +2.0 pp at 8.0%. The 10-year compound rates are 19.4% (revenue) and 20.2% (profit). The earnings engine currently reads: deteriorating — as of 24 July 2026.
How is Agarwal Industrial Corporation Ltd performing?
Agarwal Industrial Corporation Ltd is in a downtrend, 72 weeks in. Its latest quarter's revenue fell 50.8% and profit fell 48.4% year on year. Against the NIFTY 500 it has been ahead on a trailing-13-week view for 9 weeks. This describes what the data did, not a rating. — as of 24 July 2026.
What stage is Agarwal Industrial Corporation Ltd in?
Deteriorating — revenue and profit growth are shrinking (revenue growth −50.8% latest (single-quarter readings) against +40.5% at its 12-quarter best), ROCE slipping at 8.0%. The read comes from the last 12 quarters of growth (revenue growth −50.8% latest, profit growth −48.4% latest) plus the ROCE curve, classified by deterministic rules — a trajectory read, not a buy or sell call — as of 24 July 2026.
Is Agarwal Industrial Corporation Ltd in an uptrend?
No — the price is in a downtrend (week 72 of stage 4), trading −18.6% versus its 200-day average and at 19% of its 52-week range. Price stages cycle base → advance → top → decline, and the stage names where this stock sits in that cycle — as of 24 July 2026.
Is Agarwal Industrial Corporation Ltd beating the market?
On recent form, yes — Agarwal Industrial Corporation Ltd has been ahead of the NIFTY 500 on a trailing-13-week view for 9 straight weeks, the same metric the week-by-week ribbon on this page draws. Separately, on the cumulative view: over the last 10.3 years the stock moved +224% against the NIFTY 500's +274% — behind the index over the full window. — as of 24 July 2026.
Will Agarwal Industrial Corporation Ltd's share price go up?
This page publishes no price forecast for Agarwal Industrial Corporation Ltd. What it measures instead: the share price is ₹495, the price is in a downtrend 72 weeks in. Its P/E of 16.4× sits at the 73rd percentile of its own 10-year range. — as of 24 July 2026.
Who owns Agarwal Industrial Corporation Ltd?
Promoters hold 57.2% of Agarwal Industrial Corporation Ltd, foreign institutions 2.4%, domestic institutions 0.1% and the public 40.4% (latest quarter). The biggest move on the register over the last two years: Foreign institutions cut 3.6 points over 8 quarters. — as of 24 July 2026.
Does Agarwal Industrial Corporation Ltd have too much debt?
It is moderate — Agarwal Industrial Corporation Ltd's debt-to-equity is 0.49, and operating profit covers the interest bill 4×. FY26 borrowings were ₹341 Cr against equity of ₹689 Cr. Read the returns on this page with that leverage in mind — as of 24 July 2026.
What is Agarwal Industrial Corporation Ltd's capex?
Agarwal Industrial Corporation Ltd spent ₹531 Cr on capital expenditure over the last 3 fiscal years, a figure derived from the change in fixed assets plus depreciation. In FY26 alone that was ₹94.0 Cr, with ₹31.0 Cr in capital work-in-progress — capacity paid for but not yet earning. — as of 24 July 2026.
What is Agarwal Industrial Corporation Ltd's cash flow?
Agarwal Industrial Corporation Ltd generated ₹235 Cr of operating cash flow in FY26 and ₹141 Cr of free cash flow after ₹94.0 Cr of capital spending. Reported profit that year was ₹44.0 Cr, so operating cash ran ahead of profit. Cash-flow resolution for India is annual. — as of 24 July 2026.
Is Agarwal Industrial Corporation Ltd's profit real cash?
Yes — over the last 3 fiscal years, 166% of Agarwal Industrial Corporation Ltd's reported profit arrived as operating cash. In FY26, operating cash was ₹235 Cr against reported profit of ₹44.0 Cr. The cash then goes mostly into building capacity. Cash-flow resolution is annual — as of 24 July 2026.
Where is Agarwal Industrial Corporation Ltd in its business cycle?
Agarwal Industrial Corporation Ltd's FY26 operating margin was 7.0%, against a 13-year band of 6.0%–9.0%: mid-band by its own history — neither the peak that precedes mean-reversion nor the trough that precedes recovery. The latest quarter ran 8.0%. Profitability versus a company's own long band is the cleanest cycle clock this page holds — as of 24 July 2026.
What could break the Agarwal Industrial Corporation Ltd story?
Biggest watch item: the P/E sits at the 73rd percentile of its own range — the multiple has already done part of the work. Mechanically, two Friday closes in a row below the 200-day average would end the price trend — that is the exit rule this page tracks — as of 24 July 2026.
Is Agarwal Industrial Corporation Ltd a stock worth studying right now?
This is not investment advice. The machine read: Agarwal Industrial Corporation Ltd's three tracks disagree. Price, valuation and the earnings engine each tell a different story — the next quarter or two settles it. The sharpest open question: the next one or two quarters of delivery. Every number on this page is drawn deterministically from the raw series, with no forecasts and no price opinions — as of 24 July 2026.