Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.
Financials of Agarwal Industrial Corporation Ltd
Quarter-by-quarter operating performance
| Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 552.09 | 659.54 | 628.76 | 231.91 | 488.18 | 776.44 | 707.71 | 325.66 | 542.11 | 823.44 | 593.61 | 244.80 | 408.44 |
| Expenses + | 514.09 | 616.99 | 587.26 | 205.07 | 443.84 | 716.29 | 647.53 | 290.49 | 488.84 | 769.92 | 557.48 | 216.79 | 387.81 |
| Operating Profit | 38.00 | 42.55 | 41.50 | 26.84 | 44.34 | 60.15 | 60.18 | 35.17 | 53.27 | 53.52 | 36.13 | 28.01 | 20.63 |
| OPM % | 6.88% | 6.45% | 6.60% | 11.57% | 9.08% | 7.75% | 8.50% | 10.80% | 9.83% | 6.50% | 6.09% | 11.44% | 5.05% |
| Other Income + | 1.81 | 0.64 | 0.62 | 1.85 | 0.90 | 1.76 | 1.53 | 1.83 | 2.48 | 4.70 | 1.70 | 5.00 | 4.54 |
| Interest | 3.13 | 3.61 | 3.83 | 3.70 | 4.66 | 8.48 | 7.57 | 6.48 | 6.84 | 9.20 | 8.31 | 6.80 | 7.39 |
| Depreciation | 5.80 | 6.28 | 6.25 | 6.82 | 7.21 | 9.82 | 10.23 | 10.35 | 15.03 | 12.23 | 12.90 | 12.64 | 13.14 |
| Profit before tax | 30.88 | 33.30 | 32.04 | 18.17 | 33.37 | 43.61 | 43.91 | 20.17 | 33.88 | 36.79 | 16.62 | 13.57 | 4.64 |
| Tax % | 18.36% | 15.02% | 13.92% | 11.89% | 17.23% | 12.84% | 11.18% | 8.58% | 18.24% | 16.99% | 21.66% | 11.72% | 39.87% |
| Net Profit + | 25.21 | 28.30 | 27.57 | 16.01 | 27.63 | 38.01 | 39.00 | 18.44 | 27.70 | 30.54 | 13.03 | 11.99 | 2.80 |
| EPS in Rs | 16.85 | 18.92 | 18.43 | 10.70 | 18.47 | 25.41 | 26.07 | 12.33 | 18.52 | 20.42 | 8.71 | 8.02 | 1.87 |
Financials of Agarwal Industrial Corporation Ltd
Annual income statement trend
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 181 | 222 | 281 | 297 | 414 | 531 | 787 | 904 | 1,598 | 2,015 | 2,125 | 2,399 | 2,070 |
| Expenses + | 168 | 206 | 260 | 271 | 383 | 494 | 741 | 832 | 1,492 | 1,879 | 1,952 | 2,197 | 1,932 |
| Operating Profit | 14 | 16 | 21 | 26 | 31 | 37 | 46 | 71 | 106 | 136 | 173 | 202 | 138 |
| OPM % | 8% | 7% | 8% | 9% | 7% | 7% | 6% | 8% | 7% | 7% | 8% | 8% | 7% |
| Other Income + | 1 | 1 | 1 | 1 | 1 | 1 | 3 | 2 | 4 | 9 | 5 | 11 | 16 |
| Interest | 4 | 4 | 7 | 7 | 9 | 9 | 9 | 10 | 12 | 12 | 21 | 30 | 32 |
| Depreciation | 4 | 4 | 5 | 6 | 8 | 8 | 9 | 14 | 20 | 23 | 30 | 48 | 51 |
| Profit before tax | 6 | 8 | 10 | 14 | 15 | 20 | 31 | 49 | 78 | 110 | 127 | 135 | 72 |
| Tax % | 21% | 30% | 31% | 37% | 30% | 34% | 18% | 17% | 18% | 16% | 14% | 14% | |
| Net Profit + | 5 | 6 | 7 | 9 | 10 | 13 | 26 | 41 | 64 | 92 | 109 | 116 | 58 |
| EPS in Rs | 9.25 | 10.67 | 12.46 | 8.82 | 10.02 | 13.11 | 24.91 | 39.51 | 48.22 | 61.68 | 73.02 | 77.34 | 39.02 |
| Dividend Payout % | 15% | 14% | 17% | 17% | 15% | 14% | 6% | 5% | 4% | 4% | 4% | 4% |
Financials of Agarwal Industrial Corporation Ltd
Capital structure and asset base
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 6 | 6 | 8 | 10 | 10 | 10 | 10 | 10 | 13 | 15 | 15 | 15 | 15 |
| Reserves | 33 | 38 | 65 | 101 | 112 | 123 | 147 | 186 | 281 | 389 | 496 | 612 | 642 |
| Borrowings + | 35 | 41 | 65 | 74 | 96 | 77 | 90 | 150 | 171 | 158 | 361 | 435 | 417 |
| Other Liabilities + | 9 | 11 | 9 | 17 | 21 | 17 | 52 | 50 | 78 | 188 | 248 | 283 | 271 |
| Total Liabilities | 82 | 95 | 147 | 201 | 238 | 227 | 300 | 395 | 543 | 750 | 1,120 | 1,345 | 1,344 |
| Fixed Assets + | 30 | 31 | 39 | 44 | 62 | 57 | 102 | 160 | 219 | 341 | 589 | 691 | 728 |
| CWIP | 1 | 1 | 0 | 8 | 0 | 1 | 3 | 1 | 3 | 7 | 0 | 16 | 15 |
| Investments | 0 | 2 | 3 | 6 | 9 | 9 | 7 | 6 | 12 | 26 | 36 | 34 | 38 |
| Other Assets + | 51 | 62 | 105 | 143 | 168 | 161 | 188 | 229 | 309 | 376 | 495 | 605 | 564 |
| Total Assets | 82 | 95 | 147 | 201 | 238 | 227 | 300 | 395 | 543 | 750 | 1,120 | 1,345 | 1,344 |
Financials of Agarwal Industrial Corporation Ltd
Operating, investing and financing cash movement
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity + | 3 | 2 | 13 | -12 | 8 | 30 | 49 | 49 | 65 | 157 | 112 | 100 |
| Cash from Investing Activity + | -7 | -7 | -9 | -21 | -20 | -4 | -54 | -44 | -69 | -158 | -276 | -157 |
| Cash from Financing Activity + | 7 | 1 | -1 | 27 | 10 | -27 | 7 | 21 | 19 | -15 | 178 | 40 |
| Net Cash Flow | 2 | -3 | 3 | -6 | -1 | -1 | 2 | 27 | 14 | -17 | 13 | -18 |
| Free Cash Flow | -5 | -3 | 5 | -30 | -10 | 26 | -7 | 4 | 0 | 9 | -158 | -65 |
| CFO/OP | 28% | 22% | 78% | -32% | 45% | 92% | 123% | 78% | 74% | 129% | 75% | 60% |
Financials of Agarwal Industrial Corporation Ltd
Working capital efficiency and return ratios
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 56 | 67 | 100 | 129 | 100 | 78 | 64 | 54 | 37 | 35 | 46 | 41 |
| Inventory Days | 13 | 22 | 13 | 29 | 43 | 23 | 16 | 24 | 18 | 25 | 28 | 38 |
| Days Payable | 9 | 14 | 3 | 4 | 16 | 6 | 24 | 17 | 15 | 36 | 47 | 50 |
| Cash Conversion Cycle | 61 | 75 | 110 | 154 | 126 | 95 | 56 | 62 | 40 | 25 | 26 | 29 |
| Working Capital Days | 10 | 19 | 36 | 70 | 55 | 49 | 20 | 22 | 13 | 14 | 0 | 0 |
| ROCE % | 16% | 16% | 15% | 13% | 12% | 14% | 17% | 20% | 22% | 23% | 20% | 17% |