New Risk • Apr 21
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 8.9% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks High level of debt (51% net debt to equity). Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (8.9% average weekly change). Profit margins are more than 30% lower than last year (2.8% net profit margin). Market cap is less than US$100m (₹6.66b market cap, or US$71.3m). Valuation Update With 7 Day Price Move • Apr 16
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹465, the stock trades at a trailing P/E ratio of 11.9x. Average trailing P/E is 22x in the Chemicals industry in India. Total loss to shareholders of 22% over the past three years. Valuation Update With 7 Day Price Move • Mar 06
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to ₹462, the stock trades at a trailing P/E ratio of 11.8x. Average trailing P/E is 21x in the Chemicals industry in India. Total loss to shareholders of 25% over the past three years. New Risk • Feb 20
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: ₹9.06b (US$99.5m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Minor Risks High level of debt (51% net debt to equity). Paying a dividend despite having no free cash flows. Profit margins are more than 30% lower than last year (2.8% net profit margin). Market cap is less than US$100m (₹9.06b market cap, or US$99.5m). Reported Earnings • Feb 16
Third quarter 2026 earnings released: EPS: ₹1.87 (vs ₹18.52 in 3Q 2025) Third quarter 2026 results: EPS: ₹1.87 (down from ₹18.52 in 3Q 2025). Revenue: ₹4.13b (down 24% from 3Q 2025). Net income: ₹28.0m (down 90% from 3Q 2025). Profit margin: 0.7% (down from 5.1% in 3Q 2025). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 4% per year whereas the company’s share price has fallen by 2% per year. New Risk • Feb 16
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 2.8% Last year net profit margin: 5.2% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Minor Risks High level of debt (50% net debt to equity). Paying a dividend despite having no free cash flows. Profit margins are more than 30% lower than last year (2.8% net profit margin). Annonce • Feb 10
Agarwal Industrial Corporation Limited to Report Q3, 2026 Results on Feb 14, 2026 Agarwal Industrial Corporation Limited announced that they will report Q3, 2026 results at 12:15 PM, Indian Standard Time on Feb 14, 2026 Reported Earnings • Nov 17
Second quarter 2026 earnings released: EPS: ₹8.02 (vs ₹12.33 in 2Q 2025) Second quarter 2026 results: EPS: ₹8.02 (down from ₹12.33 in 2Q 2025). Revenue: ₹2.50b (down 23% from 2Q 2025). Net income: ₹119.9m (down 35% from 2Q 2025). Profit margin: 4.8% (down from 5.7% in 2Q 2025). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 3% per year whereas the company’s share price has increased by 8% per year. Annonce • Nov 08
Agarwal Industrial Corporation Limited to Report Q2, 2026 Results on Nov 13, 2025 Agarwal Industrial Corporation Limited announced that they will report Q2, 2026 results at 12:15 PM, Indian Standard Time on Nov 13, 2025 Valuation Update With 7 Day Price Move • Sep 11
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ₹925, the stock trades at a trailing P/E ratio of 15.4x. Average trailing P/E is 27x in the Chemicals industry in India. Total returns to shareholders of 47% over the past three years. Upcoming Dividend • Sep 09
Upcoming dividend of ₹3.30 per share Eligible shareholders must have bought the stock before 16 September 2025. Payment date: 22 October 2025. Payout ratio is a comfortable 4.3% but the company is not cash flow positive. Trailing yield: 0.4%. Lower than top quartile of Indian dividend payers (1.3%). Lower than average of industry peers (0.7%). Annonce • Aug 18
Agarwal Industrial Corporation Limited, Annual General Meeting, Sep 22, 2025 Agarwal Industrial Corporation Limited, Annual General Meeting, Sep 22, 2025. Declared Dividend • Aug 16
Dividend increased to ₹3.30 Dividend of ₹3.30 is 10.0% higher than last year. Ex-date: 15th September 2025 Payment date: 22nd October 2025 Dividend yield will be 0.4%, which is lower than the industry average of 0.8%. Sustainability & Growth Dividend is covered by earnings (4% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 9.0% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 22% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Annonce • Aug 09
Agarwal Industrial Corporation Limited to Report Q1, 2026 Results on Aug 14, 2025 Agarwal Industrial Corporation Limited announced that they will report Q1, 2026 results on Aug 14, 2025 Annonce • Jul 09
Agarwal Industrial Corporation Limited (BSE:531921) agreed to acquire Konkan Storage Systems (Karwar) Private Limited for INR 220 million. Agarwal Industrial Corporation Limited (BSE:531921) agreed to acquire Konkan Storage Systems (Karwar) Private Limited for INR 220 million on July 8, 2025. A cash consideration of INR 220 million will be paid by Agarwal Industrial Corporation Limited.
The transaction is subject to the execution of definitive agreements and completion of closing conditions and expected to complete on September 30, 2025. The deal has been approved by the Agarwal Industrial's board. Reported Earnings • May 24
Full year 2025 earnings released: EPS: ₹77.34 (vs ₹73.02 in FY 2024) Full year 2025 results: EPS: ₹77.34 (up from ₹73.02 in FY 2024). Revenue: ₹24.1b (up 13% from FY 2024). Net income: ₹1.16b (up 5.9% from FY 2024). Profit margin: 4.8% (down from 5.1% in FY 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has increased by 27% per year, which means it is tracking significantly ahead of earnings growth. Annonce • May 16
Agarwal Industrial Corporation Limited to Report Q4, 2025 Results on May 23, 2025 Agarwal Industrial Corporation Limited announced that they will report Q4, 2025 results on May 23, 2025 Valuation Update With 7 Day Price Move • Mar 07
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₹1,037, the stock trades at a trailing P/E ratio of 12.6x. Average trailing P/E is 25x in the Chemicals industry in India. Total returns to shareholders of 125% over the past three years. Annonce • Feb 17
Dipali Pitale Resigns as Company Secretary & Compliance Officer of Agarwal Industrial Corporation Limited and Company Secretary of AICL Finance Private Limited Agarwal Industrial Corporation Limited recorded that Ms. Dipali Pitale, the Company Secretary & Compliance Officer of the Company has submitted her resignation through the mail dated February 12, 2025. Thereby tendering her resignation from the post of Company Secretary & Compliance Officer of the company and also from the position of the Company Secretary of AICL Finance Private Limited, a Wholly Owned Subsidiary Company of the Company. Reported Earnings • Feb 14
Third quarter 2025 earnings released: EPS: ₹18.52 (vs ₹18.47 in 3Q 2024) Third quarter 2025 results: EPS: ₹18.52 (up from ₹18.47 in 3Q 2024). Revenue: ₹5.45b (up 12% from 3Q 2024). Net income: ₹277.0m (flat on 3Q 2024). Profit margin: 5.1% (down from 5.7% in 3Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has increased by 22% per year, which means it is tracking significantly ahead of earnings growth. Annonce • Feb 07
Agarwal Industrial Corporation Limited to Report Q3, 2025 Results on Feb 13, 2025 Agarwal Industrial Corporation Limited announced that they will report Q3, 2025 results on Feb 13, 2025 Valuation Update With 7 Day Price Move • Nov 28
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹1,176, the stock trades at a trailing P/E ratio of 14.3x. Average trailing P/E is 32x in the Chemicals industry in India. Total returns to shareholders of 177% over the past three years. Reported Earnings • Nov 14
Second quarter 2025 earnings released: EPS: ₹12.33 (vs ₹10.71 in 2Q 2024) Second quarter 2025 results: EPS: ₹12.33 (up from ₹10.71 in 2Q 2024). Revenue: ₹3.27b (up 41% from 2Q 2024). Net income: ₹184.4m (up 15% from 2Q 2024). Profit margin: 5.6% (down from 6.9% in 2Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has increased by 39% per year, which means it is tracking significantly ahead of earnings growth. Upcoming Dividend • Aug 30
Upcoming dividend of ₹3.00 per share Eligible shareholders must have bought the stock before 06 September 2024. Payment date: 13 October 2024. Payout ratio is a comfortable 4.1% but the company is not cash flow positive. Trailing yield: 0.2%. Lower than top quartile of Indian dividend payers (1.1%). Lower than average of industry peers (0.6%). Declared Dividend • Aug 09
Dividend increased to ₹3.00 Dividend of ₹3.00 is 20% higher than last year. Ex-date: 6th September 2024 Payment date: 13th October 2024 Dividend yield will be 0.2%, which is lower than the industry average of 0.8%. Sustainability & Growth Dividend is covered by earnings (4% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 9.6% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 37% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Annonce • Aug 08
Agarwal Industrial Corporation Limited, Annual General Meeting, Sep 13, 2024 Agarwal Industrial Corporation Limited, Annual General Meeting, Sep 13, 2024. Reported Earnings • Aug 08
First quarter 2025 earnings released: EPS: ₹26.07 (vs ₹18.43 in 1Q 2024) First quarter 2025 results: EPS: ₹26.07 (up from ₹18.43 in 1Q 2024). Revenue: ₹7.09b (up 13% from 1Q 2024). Net income: ₹390.0m (up 41% from 1Q 2024). Profit margin: 5.5% (up from 4.4% in 1Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has increased by 56% per year, which means it is tracking significantly ahead of earnings growth. Annonce • Jul 31
Agarwal Industrial Corporation Limited to Report Q1, 2025 Results on Aug 07, 2024 Agarwal Industrial Corporation Limited announced that they will report Q1, 2025 results at 3:30 PM, Indian Standard Time on Aug 07, 2024 Annonce • Jul 26
Agarwal Industrial Corporation Limited Announces Resignation of Saurabh Sarayan as Independent Director Agarwal Industrial Corporation Limited announced that Mr. Saurabh Sarayan has tendered his resignation as an independent director of the company with effect from July 31, 2024 due to pre-occupation and other personal commitments. He holds directorship in Agarwal Industrial Corporation Limited. New Risk • Jun 10
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 7.0% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (43% accrual ratio). Minor Risks High level of debt (48% net debt to equity). Share price has been volatile over the past 3 months (7.0% average weekly change). Valuation Update With 7 Day Price Move • Jun 10
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to ₹1,084, the stock trades at a trailing P/E ratio of 14.8x. Average trailing P/E is 30x in the Chemicals industry in India. Total returns to shareholders of 317% over the past three years. Reported Earnings • May 28
Full year 2024 earnings released: EPS: ₹73.02 (vs ₹63.78 in FY 2023) Full year 2024 results: EPS: ₹73.02 (up from ₹63.78 in FY 2023). Revenue: ₹21.3b (up 5.7% from FY 2023). Net income: ₹1.09b (up 18% from FY 2023). Profit margin: 5.1% (up from 4.6% in FY 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has increased by 64% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Feb 14
Third quarter 2024 earnings released: EPS: ₹18.47 (vs ₹17.63 in 3Q 2023) Third quarter 2024 results: EPS: ₹18.47 (up from ₹17.63 in 3Q 2023). Revenue: ₹4.89b (down 11% from 3Q 2023). Net income: ₹276.3m (up 9.6% from 3Q 2023). Profit margin: 5.6% (up from 4.6% in 3Q 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has increased by 85% per year, which means it is tracking significantly ahead of earnings growth. Annonce • Feb 13
Agarwal Industrial Corporation Limited to Report Q3, 2024 Results on Feb 13, 2024 Agarwal Industrial Corporation Limited announced that they will report Q3, 2024 results at 12:15 PM, Indian Standard Time on Feb 13, 2024 New Risk • Oct 07
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Indian stocks, typically moving 8.9% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (8.9% average weekly change). Minor Risk Shareholders have been diluted in the past year (3.5% increase in shares outstanding). Valuation Update With 7 Day Price Move • Sep 18
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to ₹882, the stock trades at a trailing P/E ratio of 13.7x. Average trailing P/E is 28x in the Chemicals industry in India. Total returns to shareholders of 825% over the past three years. Upcoming Dividend • Sep 01
Upcoming dividend of ₹2.50 per share at 0.2% yield Eligible shareholders must have bought the stock before 08 September 2023. Payment date: 15 October 2023. Payout ratio is a comfortable 3.9% and this is well supported by cash flows. Trailing yield: 0.2%. Lower than top quartile of Indian dividend payers (1.4%). Lower than average of industry peers (0.8%). Annonce • Aug 29
Agarwal Industrial Corporation Limited Announces Management Changes Agarwal Industrial Corporation Limited announced Mr. Alok Bharara has tendered his resignation as Independent Non-Executive Director with effect from August 28, 2023, citing personal reason. consequently, he also cease as Member of Audit Committee, Nomination & remuneration committee; risk management committee and corporate social responsibility committee. Mr. Harikrishna Patni has tendered his resignation as Independent Director with effect from August 28, 2023, citing personal reason. consequently, he also cease as Member of Nomination & remuneration committee; and corporate social responsibility committee. Mr. Rajkumar Mehta has tendered his resignation as Independent Director with effect from August 28, 2023, citing personal reason. consequently, he also cease as Member of Audit Committee, Nomination & remuneration committee; risk management committee and corporate social responsibility committee. Mr. Suresh Nair appointed as Independent Director (Additional Director) with effect from August 28, 2023. Mr. Mahendra Pimpale appointed as Independent Director (Additional Director) with effect from August 28, 2023. Mr. Khushboo Mahesh Lalji appointed as Independent Woman Director (Additional Director) with effect from August 28, 2023. New Risk • Aug 22
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 7.4% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (7.4% average weekly change). Shareholders have been diluted in the past year (3.5% increase in shares outstanding). Annonce • Aug 16
Agarwal Industrial Corporation Limited, Annual General Meeting, Sep 15, 2023 Agarwal Industrial Corporation Limited, Annual General Meeting, Sep 15, 2023. New Risk • Aug 16
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 21% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (21% accrual ratio). Minor Risk Shareholders have been diluted in the past year (3.5% increase in shares outstanding). Reported Earnings • Aug 15
First quarter 2024 earnings released: EPS: ₹18.43 (vs ₹17.37 in 1Q 2023) First quarter 2024 results: EPS: ₹18.43 (up from ₹17.37 in 1Q 2023). Revenue: ₹6.29b (up 8.4% from 1Q 2023). Net income: ₹275.7m (up 18% from 1Q 2023). Profit margin: 4.4% (up from 4.0% in 1Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has increased by 94% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Jul 17
Investor sentiment improves as stock rises 23% After last week's 23% share price gain to ₹759, the stock trades at a trailing P/E ratio of 12.3x. Average trailing P/E is 22x in the Chemicals industry in India. Total returns to shareholders of 815% over the past three years. Reported Earnings • May 24
Full year 2023 earnings released: EPS: ₹63.78 (vs ₹51.11 in FY 2022) Full year 2023 results: EPS: ₹63.78 (up from ₹51.11 in FY 2022). Revenue: ₹20.2b (up 27% from FY 2022). Net income: ₹922.6m (up 45% from FY 2022). Profit margin: 4.6% (up from 4.0% in FY 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 35% per year but the company’s share price has increased by 129% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Feb 10
Third quarter 2023 earnings released: EPS: ₹17.63 (vs ₹17.00 in 3Q 2022) Third quarter 2023 results: EPS: ₹17.63 (up from ₹17.00 in 3Q 2022). Revenue: ₹5.54b (up 46% from 3Q 2022). Net income: ₹252.1m (up 22% from 3Q 2022). Profit margin: 4.6% (down from 5.4% in 3Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 39% per year but the company’s share price has increased by 103% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Nov 19
Second quarter 2023 earnings released: EPS: ₹10.93 (vs ₹3.53 in 2Q 2022) Second quarter 2023 results: EPS: ₹10.93 (up from ₹3.53 in 2Q 2022). Revenue: ₹2.27b (up 43% from 2Q 2022). Net income: ₹152.8m (up 257% from 2Q 2022). Profit margin: 6.7% (up from 2.7% in 2Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 42% per year but the company’s share price has increased by 77% per year, which means it is tracking significantly ahead of earnings growth. Board Change • Nov 16
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 7 experienced directors. 1 highly experienced director. Independent Woman Director Priti Lodha was the last director to join the board, commencing their role in 2014. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Valuation Update With 7 Day Price Move • Oct 10
Investor sentiment improved over the past week After last week's 17% share price gain to ₹731, the stock trades at a trailing P/E ratio of 14.7x. Average trailing P/E is 20x in the Chemicals industry in India. Total returns to shareholders of 546% over the past three years. Recent Insider Transactions • Sep 30
Insider recently sold ₹40m worth of stock On the 28th of September, Jugalkishore Agarwal sold around 70k shares on-market at roughly ₹571 per share. This transaction amounted to 10% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger sale worth ₹55m. Insiders have been net sellers, collectively disposing of ₹256m more than they bought in the last 12 months. Upcoming Dividend • Sep 15
Upcoming dividend of ₹2.00 per share Eligible shareholders must have bought the stock before 22 September 2022. Payment date: 30 October 2022. Payout ratio is a comfortable 3.6% but the company is not cash flow positive. Trailing yield: 0.3%. Lower than top quartile of Indian dividend payers (1.5%). Lower than average of industry peers (0.7%). Annonce • Sep 08
Agarwal Industrial Corporation Limited, Annual General Meeting, Sep 30, 2022 Agarwal Industrial Corporation Limited, Annual General Meeting, Sep 30, 2022, at 11:00 Indian Standard Time. Agenda: To receive, consider and adopt the audited standalone financial statements of the company for the financial year ended March 31, 2022 along with the reports of the board of Directors and Independent Auditors thereon; to consider the declare Dividend on Equity Shares for the Financial Year 2021-22;and to discuss other matters. Recent Insider Transactions • Aug 22
Insider recently sold ₹55m worth of stock On the 19th of August, Jugalkishore Agarwal sold around 90k shares on-market at roughly ₹616 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of ₹142m more than they bought in the last 12 months. Reported Earnings • Aug 09
First quarter 2023 earnings released: EPS: ₹17.37 (vs ₹12.84 in 1Q 2022) First quarter 2023 results: EPS: ₹17.37 (up from ₹12.84 in 1Q 2022). Revenue: ₹5.83b (up 43% from 1Q 2022). Net income: ₹234.6m (up 56% from 1Q 2022). Profit margin: 4.0% (up from 3.7% in 1Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 43% per year but the company’s share price has increased by 75% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Aug 01
Investor sentiment improved over the past week After last week's 19% share price gain to ₹557, the stock trades at a trailing P/E ratio of 12.6x. Average trailing P/E is 19x in the Chemicals industry in India. Total returns to shareholders of 405% over the past three years. Valuation Update With 7 Day Price Move • Jun 16
Investor sentiment deteriorated over the past week After last week's 18% share price decline to ₹442, the stock trades at a trailing P/E ratio of 9.2x. Average trailing P/E is 17x in the Chemicals industry in India. Total returns to shareholders of 357% over the past three years. Annonce • Jun 09
Agarwal Industrial Corporation Limited Recommends Dividend for the Financial Year 2021-22 The board of directors of Agarwal Industrial Corporation Limited have recommended a dividend of INR 2 per equity share of the face value of INR 10 each fully paid up for the financial year 2021-22, subject to the approval of shareholders of the company. Reported Earnings • May 20
Full year 2022 earnings: EPS and revenues exceed analyst expectations Full year 2022 results: EPS: ₹51.10 (up from ₹39.51 in FY 2021). Revenue: ₹16.0b (up 77% from FY 2021). Net income: ₹636.8m (up 57% from FY 2021). Profit margin: 4.0% (down from 4.5% in FY 2021). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 17%. Earnings per share (EPS) also surpassed analyst estimates by 20%. Over the last 3 years on average, earnings per share has increased by 46% per year but the company’s share price has increased by 53% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • May 10
Investor sentiment deteriorated over the past week After last week's 17% share price decline to ₹583, the stock trades at a trailing P/E ratio of 12.1x. Average trailing P/E is 19x in the Chemicals industry in India. Total returns to shareholders of 272% over the past three years. Board Change • Apr 27
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 8 experienced directors. No highly experienced directors. Independent Woman Director Priti Lodha was the last director to join the board, commencing their role in 2014. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Valuation Update With 7 Day Price Move • Mar 17
Investor sentiment improved over the past week After last week's 15% share price gain to ₹546, the stock trades at a trailing P/E ratio of 11.3x. Average trailing P/E is 18x in the Chemicals industry in India. Total returns to shareholders of 233% over the past three years. Valuation Update With 7 Day Price Move • Feb 24
Investor sentiment deteriorated over the past week After last week's 17% share price decline to ₹443, the stock trades at a trailing P/E ratio of 9.2x. Average trailing P/E is 18x in the Chemicals industry in India. Total returns to shareholders of 162% over the past three years. Reported Earnings • Feb 09
Third quarter 2022 earnings: EPS and revenues exceed analyst expectations Third quarter 2022 results: EPS: ₹17.00 (up from ₹10.38 in 3Q 2021). Revenue: ₹3.81b (up 83% from 3Q 2021). Net income: ₹206.1m (up 94% from 3Q 2021). Profit margin: 5.4% (up from 5.1% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 17%. Earnings per share (EPS) also surpassed analyst estimates by 20%. Over the last 3 years on average, earnings per share has increased by 50% per year whereas the company’s share price has increased by 51% per year. Valuation Update With 7 Day Price Move • Sep 30
Investor sentiment improved over the past week After last week's 16% share price gain to ₹350, the stock trades at a trailing P/E ratio of 8.5x. Average trailing P/E is 19x in the Chemicals industry in India. Total returns to shareholders of 72% over the past three years. Upcoming Dividend • Sep 15
Upcoming dividend of ₹1.80 per share Eligible shareholders must have bought the stock before 22 September 2021. Payment date: 30 October 2021. Trailing yield: 0.6%. Lower than top quartile of Indian dividend payers (1.5%). In line with average of industry peers (0.7%). Reported Earnings • Aug 18
First quarter 2022 earnings released: EPS ₹12.84 (vs ₹3.90 in 1Q 2021) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2022 results: Revenue: ₹4.09b (up 178% from 1Q 2021). Net income: ₹150.7m (up 277% from 1Q 2021). Profit margin: 3.7% (up from 2.7% in 1Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 50% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Aug 11
Investor sentiment deteriorated over the past week After last week's 17% share price decline to ₹306, the stock trades at a trailing P/E ratio of 7.7x. Average trailing P/E is 20x in the Chemicals industry in India. Total loss to shareholders of 3.2% over the past three years. Valuation Update With 7 Day Price Move • Jun 23
Investor sentiment improved over the past week After last week's 17% share price gain to ₹306, the stock trades at a trailing P/E ratio of 7.8x. Average trailing P/E is 21x in the Chemicals industry in India. Total returns to shareholders of 6.0% over the past three years. Reported Earnings • Jun 18
Full year 2021 earnings released: EPS ₹39.51 (vs ₹24.91 in FY 2020) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2021 results: Revenue: ₹9.05b (up 15% from FY 2020). Net income: ₹405.3m (up 59% from FY 2020). Profit margin: 4.5% (up from 3.2% in FY 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 44% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Jun 08
Investor sentiment improved over the past week After last week's 20% share price gain to ₹246, the stock trades at a trailing P/E ratio of 9.3x. Average trailing P/E is 21x in the Chemicals industry in India. Total loss to shareholders of 6.4% over the past three years. Valuation Update With 7 Day Price Move • May 06
Investor sentiment improved over the past week After last week's 19% share price gain to ₹185, the stock trades at a trailing P/E ratio of 7x. Average trailing P/E is 19x in the Chemicals industry in India. Total loss to shareholders of 34% over the past three years. Reported Earnings • Feb 17
Third quarter 2021 earnings released: EPS ₹10.38 (vs ₹4.74 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: ₹2.08b (up 28% from 3Q 2020). Net income: ₹106.5m (up 119% from 3Q 2020). Profit margin: 5.1% (up from 3.0% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 35% per year but the company’s share price has fallen by 25% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Jan 11
Investor sentiment improved over the past week After last week's 26% share price gain to ₹130, the stock is trading at a trailing P/E ratio of 6.2x, up from the previous P/E ratio of 4.9x. This compares to an average P/E of 19x in the Chemicals industry in India. Total return to shareholders over the past three years is a loss of 78%. Is New 90 Day High Low • Jan 08
New 90-day high: ₹111 The company is up 30% from its price of ₹85.95 on 09 October 2020. The Indian market is up 20% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Chemicals industry, which is up 24% over the same period. Valuation Update With 7 Day Price Move • Dec 07
Market bids up stock over the past week After last week's 27% share price gain to ₹109, the stock is trading at a trailing P/E ratio of 5.2x, up from the previous P/E ratio of 4.1x. This compares to an average P/E of 17x in the Chemicals industry in India. Total return to shareholders over the past three years is a loss of 82%. Is New 90 Day High Low • Dec 07
New 90-day high: ₹109 The company is up 8.0% from its price of ₹100 on 08 September 2020. The Indian market is up 16% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Chemicals industry, which is up 16% over the same period. Is New 90 Day High Low • Nov 05
New 90-day low: ₹78.25 The company is down 12% from its price of ₹89.40 on 07 August 2020. The Indian market is up 6.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Chemicals industry, which is up 11% over the same period. Annonce • Aug 28
Agarwal Industrial Corporation Limited to Report Q1, 2021 Results on Aug 26, 2020 Agarwal Industrial Corporation Limited announced that they will report Q1, 2021 results on Aug 26, 2020