Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.
Financials of Aaron Industries
Quarter-by-quarter operating performance
| Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 16.06 | 15.52 | 14.00 | 14.62 | 19.08 | 17.19 | 18.29 | 18.33 | 24.11 | 19.24 | 22.24 | 23.20 | 27.33 |
| Expenses + | 13.27 | 12.74 | 11.83 | 12.10 | 15.45 | 13.89 | 15.08 | 15.06 | 19.07 | 15.58 | 18.12 | 18.36 | 22.25 |
| Operating Profit | 2.79 | 2.78 | 2.17 | 2.52 | 3.63 | 3.30 | 3.21 | 3.27 | 5.04 | 3.66 | 4.12 | 4.84 | 5.08 |
| OPM % | 17.37% | 17.91% | 15.50% | 17.24% | 19.03% | 19.20% | 17.55% | 17.84% | 20.90% | 19.02% | 18.53% | 20.86% | 18.59% |
| Other Income + | 0.03 | 0.01 | 0.02 | 0.03 | 0.09 | 0.05 | 0.06 | 0.05 | 0.06 | 0.04 | 0.05 | 0.04 | 0.06 |
| Interest | 0.26 | 0.24 | 0.42 | 0.42 | 0.25 | 0.30 | 0.31 | 0.35 | 0.41 | 0.68 | 0.69 | 0.64 | 0.58 |
| Depreciation | 0.31 | 0.33 | 0.35 | 0.36 | 0.39 | 0.44 | 0.46 | 0.46 | 0.45 | 0.94 | 0.99 | 1.00 | 0.95 |
| Profit before tax | 2.25 | 2.22 | 1.42 | 1.77 | 3.08 | 2.61 | 2.50 | 2.51 | 4.24 | 2.08 | 2.49 | 3.24 | 3.61 |
| Tax % | 25.78% | 27.93% | 15.49% | 32.20% | 24.68% | 28.35% | 27.60% | 28.29% | 35.14% | 49.04% | 44.18% | 37.96% | 35.73% |
| Net Profit + | 1.66 | 1.61 | 1.20 | 1.20 | 2.33 | 1.87 | 1.82 | 1.80 | 2.75 | 1.06 | 1.39 | 2.02 | 2.32 |
| EPS in Rs | 0.83 | 0.80 | 0.57 | 0.57 | 1.11 | 0.89 | 0.87 | 0.86 | 1.32 | 0.51 | 0.66 | 0.96 | 1.11 |
Financials of Aaron Industries
Annual income statement trend
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 3.31 | 4.80 | 11.77 | 17.55 | 21.40 | 24.96 | 37.74 | 55.85 | 63.23 | 77.93 | 92.01 |
| Expenses + | 3.17 | 4.55 | 10.21 | 15.51 | 18.35 | 21.49 | 31.88 | 46.31 | 52.11 | 63.09 | 74.32 |
| Operating Profit | 0.14 | 0.25 | 1.56 | 2.04 | 3.05 | 3.47 | 5.86 | 9.54 | 11.12 | 14.84 | 17.69 |
| OPM % | 4.23% | 5.21% | 13.25% | 11.62% | 14.25% | 13.90% | 15.53% | 17.08% | 17.59% | 19.04% | 19.23% |
| Other Income + | 0.01 | 0.00 | 0.02 | 0.03 | 0.11 | 0.06 | 0.04 | 0.06 | 0.14 | 0.19 | 0.20 |
| Interest | 0.08 | 0.17 | 0.14 | 0.29 | 0.59 | 0.44 | 0.19 | 1.01 | 1.34 | 1.36 | 2.59 |
| Depreciation | 0.01 | 0.01 | 0.10 | 0.20 | 0.55 | 0.63 | 0.85 | 1.15 | 1.42 | 1.81 | 3.88 |
| Profit before tax | 0.06 | 0.07 | 1.34 | 1.58 | 2.02 | 2.46 | 4.86 | 7.44 | 8.50 | 11.86 | 11.42 |
| Tax % | 33.33% | 28.57% | 29.85% | 32.28% | 29.21% | 21.54% | 23.66% | 27.28% | 25.53% | 30.52% | 40.54% |
| Net Profit + | 0.04 | 0.05 | 0.93 | 1.06 | 1.42 | 1.93 | 3.71 | 5.40 | 6.33 | 8.24 | 6.80 |
| EPS in Rs | 0.44 | 0.56 | 1.16 | 0.53 | 0.71 | 0.96 | 1.85 | 2.69 | 3.03 | 3.94 | 3.25 |
| Dividend Payout % | 0.00% | 0.00% | 0.00% | 0.00% | 22.23% | 31.21% | 21.65% | 18.59% | 16.54% | 15.25% | 15.40% |
Financials of Aaron Industries
Capital structure and asset base
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 0.19 | 0.19 | 1.88 | 4.78 | 5.26 | 10.04 | 10.04 | 10.04 | 10.47 | 10.47 | 20.95 |
| Reserves | 0.05 | 0.10 | 1.66 | 4.59 | 5.54 | 2.13 | 5.85 | 10.44 | 25.37 | 32.56 | 27.67 |
| Borrowings + | 1.15 | 1.33 | 1.05 | 5.27 | 5.21 | 7.07 | 9.15 | 11.37 | 31.56 | 31.86 | 27.74 |
| Other Liabilities + | 0.82 | 0.94 | 2.37 | 2.87 | 3.10 | 2.51 | 4.66 | 6.85 | 7.27 | 7.94 | 14.82 |
| Total Liabilities | 2.21 | 2.56 | 6.96 | 17.51 | 19.11 | 21.75 | 29.70 | 38.70 | 74.67 | 82.83 | 91.18 |
| Fixed Assets + | 0.10 | 0.12 | 1.45 | 8.71 | 9.29 | 12.88 | 14.85 | 18.92 | 24.35 | 24.88 | 55.33 |
| CWIP | 0.00 | 0.00 | 0.00 | 0.00 | 0.36 | 0.50 | 0.76 | 0.41 | 26.90 | 32.52 | 0.00 |
| Investments | 0.00 | 0.00 | 0.00 | 0.04 | 0.22 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Assets + | 2.11 | 2.44 | 5.51 | 8.76 | 9.24 | 8.37 | 14.09 | 19.37 | 23.42 | 25.43 | 35.85 |
| Total Assets | 2.21 | 2.56 | 6.96 | 17.51 | 19.11 | 21.75 | 29.70 | 38.70 | 74.67 | 82.83 | 91.18 |
Financials of Aaron Industries
Operating, investing and financing cash movement
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity + | -0.91 | -0.06 | -0.47 | -0.15 | 1.40 | 3.27 | 1.17 | 4.07 | 5.60 | 8.63 | 7.67 |
| Cash from Investing Activity + | -0.02 | -0.03 | -1.51 | -7.71 | -1.50 | -4.28 | -3.08 | -4.84 | -33.26 | -7.87 | -1.72 |
| Cash from Financing Activity + | 0.93 | 0.03 | 1.97 | 8.24 | -0.65 | 1.00 | 1.91 | 0.78 | 27.69 | -0.72 | -6.07 |
| Net Cash Flow | 0.00 | -0.06 | -0.01 | 0.38 | -0.76 | -0.02 | 0.01 | 0.01 | 0.04 | 0.04 | -0.12 |
| Free Cash Flow | -0.94 | -0.10 | -1.90 | -7.61 | -0.10 | -1.36 | -1.92 | -0.80 | -27.74 | 0.64 | 5.76 |
| CFO/OP | -643% | -16% | -7% | 8% | 57% | 106% | 36% | 60% | 67% | 74% | 58% |
Financials of Aaron Industries
Working capital efficiency and return ratios
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 83.81 | 53.23 | 48.38 | 38.27 | 42.81 | 25.30 | 23.70 | 16.60 | 20.38 | 24.45 | 27.81 |
| Inventory Days | 239.97 | 180.69 | 172.59 | 157.50 | 151.49 | 140.40 | 104.85 | 142.94 | 148.91 | 120.29 | 152.65 |
| Days Payable | 155.28 | 92.76 | 95.94 | 55.13 | 42.16 | 21.79 | 32.89 | 38.57 | 24.24 | 22.87 | 47.95 |
| Cash Conversion Cycle | 168.50 | 141.17 | 125.03 | 140.65 | 152.15 | 143.91 | 95.66 | 120.97 | 145.04 | 121.87 | 132.51 |
| Working Capital Days | 120.20 | 91.25 | 77.84 | 77.58 | 63.11 | 47.53 | 61.22 | 42.81 | 28.17 | 13.63 | 25.79 |
| ROCE % | 15.95% | 47.67% | 19.34% | 17.03% | 16.51% | 22.81% | 29.71% | 19.83% | 18.62% | 18.53% |