AGARIND share price, P/E, ROE & financials

Agarwal Industrial Corporation (AGARIND) had a P/E of 14.3× on 6 Nov 2026, below the industry P/E of 22.1×, and the shares are 55% below their 52-week high. Its ROCE of 10.0% is the second-lowest among the 7 largest Specialty Chemicals peers, and sales and net profit fell 6.4% and 22% a year over 3 years. Its dividend yield is 0.8%, and debt is 0.50× equity. It is a small-cap company with a market cap of ₹583 Cr, ranked 95th of 204 Specialty Chemicals companies by market cap; the shares fell 51% over the past year.

As of 6 Nov 2026Prices are delayed about 15 minutes; fundamentals are from the quarter ended Jun 2026.How we calculate this

past year

Open: ₹418.00
Day high: ₹418.00
Day low: ₹387.15
Prev. close: ₹414.00
Volume: 1.9 L

Health check

1 good · 1 fair · 4 to check

ReturnsBehind
−50.8% over a year, better than 0 of 7 peers.
Price tagCheaper
P/E 14.3 vs industry 22.1.
GrowthShrinking
Sales −6.4%, profit −22.1% a year over 3 years.
ProfitabilityWeak
ROCE 10.0% vs peer median 24.4%.
Balance sheetFair
Debt 0.50× equity, interest covered 3.1×, Piotroski 5 of 9.
Red flags4 to check
Return on equity is low at 6.6%.

Compared with 7 industry peers. Computed from reported figures. Educational, not a recommendation.

Specialty Chemicals

203 listed peers. Screen the industry

Small cap

₹583 Cr, #95 of 204 in its industry by size.

Defensive

Beta 0.36 vs the NIFTY 50: moves less than the market.

Key metrics

Last 12 months to Jun 2026: sales ₹1,492 Cr · profit ₹41 Cr

Market cap: ₹583 Cr; Small cap
P/E: 14.3; Industry 22.1
Price to book: 0.85; Peers 13.33
Dividend yield: 0.85%
ROE: 6.6%; Peers 23.0%
ROCE: 10.0%; Peers 24.4%
Debt to equity: 0.50; Debt ₹341 Cr
EPS (TTM): ₹27.34; Face value ₹10
OPM (TTM): 7.4%; Net margin 2.7%
Sales growth: −27.0%; Latest quarter vs a year ago
Profit growth: −20.6%; Latest quarter vs a year ago
Price to sales: 0.39; EV/EBITDA 7.6

Strengths

P/E of 14.3 against an industry P/E of 22.1.
Positive operating cash flow in each of the last 4 years.

Risks to check

Return on equity is low at 6.6%.
Quarterly profit down 20.6% on a year ago.
Quarterly sales down 27.0% on a year ago.
55% below its 52-week high.

Derived automatically from reported figures. Not a recommendation.

About Agarwal Industrial Corporation

Agarwal Industrial Corporation Limited manufactures and trades in petrochemicals in India and internationally. It operates through five segments: Ancillary Infra - Bitumen & Allied Products, Petroleum Vessels Operating and Chartering, Petroleum Products, Logistics, and Windmill. The company provides various bituminous products, including viscosity grade bitumen and industrial grade bitumen; paving grade bitumen and crumb rubber modified bitumen; polymer…

Headquarters: Mumbai
Employees: 102
Sector: Basic Materials
ISIN: INE204E01012
Website: aicltd.in

Price range

52 weeks

₹311.30₹860.00

Today

₹387.15₹418.00

Avg volume (3M): 37.8K
1-year return: minus 50.8%
From 52-week high: minus 54.7%

Peers · Specialty Chemicals

Capital-heavy industry columns

Compare with peers Screen the whole industry

Company
ASIANPAINTAsian Paints	2,546.00	plus 0.88%	2,44,025	50.5	35.0	24.4%	18.9%	0.21	1.1%	plus 1.5%
SOLARINDSSolar Industries India	18,608.00	plus 0.48%	1,68,384	74.4	64.1	29.5%	27.8%	0.22	12.4%	plus 35.9%
PIDILITINDPidilite Industries	1,579.00	plus 1.63%	1,60,827	60.0	44.4	28.5%	23.5%	0.03	7.4%	plus 6.8%
LINDEINDIALinde India	6,859.00	plus 8.73%	58,496	118.4	64.2	16.3%	31.5%	0.23	–	plus 5.4%
BERGEPAINTBerger Paints India	478.35	minus 5.28%	55,776	45.4	29.4	20.6%	15.3%	0.15	4.2%	minus 6.0%
FLUOROCHEMGujarat Fluorochemicals	4,665.50	minus 0.94%	51,251	75.9	44.0	9.6%	24.1%	0.26	−4.5%	plus 28.0%
ACUTAASAcutaas Chemicals	3,786.60	plus 0.42%	31,001	70.9	64.1	27.7%	39.4%	0.01	29.4%	plus 105.6%
AGARINDAgarwal Industrial Corporation	390.00	minus 5.80%	583	14.3	6.9	10.0%	7.4%	0.50	−6.4%	minus 50.8%
Median of 7 peers	–	0.48%	58,496	70.9	44.4	24.4%	24.1%	0.21	5.8%	6.8%

Quarterly results

Consolidated, ₹ crore

SalesSelect a row below to chart it

Jun 25	Sep 25	Dec 25	Mar 26	Jun 26
594	245	408	405	433
557	217	388	373	403
36.1	28	20.6	32.5	29.9
6.1%	11.4%	5.1%	8.0%	6.9%
1.7	5	4.5	6.4	2.8
8.3	6.8	7.4	5.1	5.2
12.9	12.6	13.1	13.3	13.8
16.6	13.6	4.6	20.4	13.6
21.6%	11.7%	39.8%	22.8%	23.8%
13	12	2.8	15.7	10.3
8.71	8.02	1.87	10.53	6.92

Profit & loss

Yearly, ₹ crore

Sales CAGR 3Y: −6.4%
Profit CAGR 3Y: −22.1%
EPS CAGR 3Y: −23.0%
ROE: 6.6%

Net profitSelect a row below to chart it

Mar 2023	Mar 2024	Mar 2025	Mar 2026
2,015	2,125	2,399	1,652
–	+5.5%	+12.9%	minus 31.1%
1,879	1,952	2,197	1,535
136	173	202	117
6.8%	8.1%	8.4%	7.1%
7.3	4.4	8.7	14.4
11.6	20.7	28.4	26.5
22.7	30.1	47.8	52
0.5	0.5	–	2.2
110	127	135	55.3
15.9%	14.1%	14.2%	21.2%
92.3	109	116	43.6
–	+18.4%	+5.9%	minus 62.3%
63.78	73.02	77.34	29.13

Forecast

Your assumptions, not a prediction

Balance sheet

At each financial year end, ₹ crore

Total assetsSelect a row below to chart it

Mar 2023	Mar 2024	Mar 2025	Mar 2026
15	15	15	15
389	496	612	674
158	361	435	341
188	248	282	172
750	1,120	1,344	1,202
344	584	701	723
7.4	0.1	15.6	31.5
3	0.9	24.4	10.1
59.1	98	86.8	111
336	437	516	326
750	1,120	1,344	1,202

Cash flow

Yearly, ₹ crore

Cash from operationsSelect a row below to chart it

Mar 2023	Mar 2024	Mar 2025	Mar 2026
157	112	99.8	235
−158	−276	−157	−89.4
−15.4	178	39.5	−128
−17.1	13.4	−17.5	17.9
−149	−270	−165	−121
8	−158	−65	113
−2.9	−3.7	−4.5	−4.9

Shareholding pattern

Source: NSE filings

57.2%

promoters

Promoters57.20%
Public42.80%
As of 30 Sep 2026

Quarter	Promoters	Public	Promoter change
30 Sep 2026	57.20%	42.80%	0.00
30 Jun 2026	57.20%	42.80%	0.00
31 Mar 2026	57.20%	42.80%	0.00
31 Dec 2025	57.20%	42.80%	0.00
30 Sep 2025	57.20%	42.80%	–

Major shareholders

NSE filing

Filings & events

News

No recent news coverage found.

My notes

Private to you