Reported Earnings • May 21
Full year 2026 earnings released: EPS: ₹3.27 (vs ₹3.94 in FY 2025) Full year 2026 results: EPS: ₹3.27 (down from ₹3.94 in FY 2025). Revenue: ₹922.1m (up 18% from FY 2025). Net income: ₹68.0m (down 18% from FY 2025). Profit margin: 7.4% (down from 11% in FY 2025). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 6% per year whereas the company’s share price has increased by 2% per year. Valuation Update With 7 Day Price Move • Mar 30
Investor sentiment deteriorates as stock falls 20% After last week's 20% share price decline to ₹109, the stock trades at a trailing P/E ratio of 31.7x. Average trailing P/E is 23x in the Machinery industry in India. Total returns to shareholders of 20% over the past three years. Reported Earnings • Feb 07
Third quarter 2026 earnings released: EPS: ₹0.97 (vs ₹0.86 in 3Q 2025) Third quarter 2026 results: EPS: ₹0.97 (up from ₹0.86 in 3Q 2025). Revenue: ₹232.4m (up 27% from 3Q 2025). Net income: ₹20.2m (up 12% from 3Q 2025). Profit margin: 8.7% (down from 9.8% in 3Q 2025). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has increased by 22% per year, which means it is tracking significantly ahead of earnings growth. Duyuru • Jan 29
Aaron Industries Limited to Report Q3, 2026 Results on Feb 05, 2026 Aaron Industries Limited announced that they will report Q3, 2026 results on Feb 05, 2026 Reported Earnings • Nov 16
Second quarter 2026 earnings released: EPS: ₹0.67 (vs ₹0.86 in 2Q 2025) Second quarter 2026 results: EPS: ₹0.67 (down from ₹0.86 in 2Q 2025). Revenue: ₹223.0m (up 22% from 2Q 2025). Net income: ₹13.9m (down 23% from 2Q 2025). Profit margin: 6.3% (down from 10.0% in 2Q 2025). 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 34% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Oct 27
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹209, the stock trades at a trailing P/E ratio of 59x. Average trailing P/E is 31x in the Machinery industry in India. Total returns to shareholders of 168% over the past three years. Reported Earnings • Aug 04
Full year 2025 earnings released: EPS: ₹7.87 (vs ₹6.05 in FY 2024) Full year 2025 results: EPS: ₹7.87 (up from ₹6.05 in FY 2024). Revenue: ₹779.3m (up 23% from FY 2024). Net income: ₹82.4m (up 30% from FY 2024). Profit margin: 11% (in line with FY 2024). Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has increased by 48% per year, which means it is tracking significantly ahead of earnings growth. Upcoming Dividend • Aug 01
Upcoming dividend of ₹1.20 per share Eligible shareholders must have bought the stock before 08 August 2025. Payment date: 18 September 2025. Payout ratio is a comfortable 15% but the company is paying out more than the cash it is generating. Trailing yield: 0.3%. Lower than top quartile of Indian dividend payers (1.2%). Lower than average of industry peers (0.9%). New Risk • Jul 28
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 6.9% 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 (68% net debt to equity). Dividend is not well covered by cash flows (195% cash payout ratio). Share price has been volatile over the past 3 months (6.9% average weekly change). Market cap is less than US$100m (₹4.59b market cap, or US$53.0m). Duyuru • Jul 24
Aaron Industries Limited announces Annual dividend, payable on September 18, 2025 Aaron Industries Limited announced Annual dividend of INR 1.2000 per share payable on September 18, 2025, ex-date on August 08, 2025 and record date on August 08, 2025. Duyuru • Jul 23
Aaron Industries Limited, Annual General Meeting, Aug 19, 2025 Aaron Industries Limited, Annual General Meeting, Aug 19, 2025, at 11:00 Indian Standard Time. Valuation Update With 7 Day Price Move • Jul 21
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₹407, the stock trades at a trailing P/E ratio of 51.7x. Average trailing P/E is 34x in the Machinery industry in India. Total returns to shareholders of 246% over the past three years. Valuation Update With 7 Day Price Move • May 19
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹400, the stock trades at a trailing P/E ratio of 53.6x. Average trailing P/E is 32x in the Machinery industry in India. Total returns to shareholders of 234% over the past three years. Valuation Update With 7 Day Price Move • Feb 25
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ₹361, the stock trades at a trailing P/E ratio of 48.3x. Average trailing P/E is 30x in the Machinery industry in India. Total returns to shareholders of 230% over the past three years. Reported Earnings • Feb 12
Third quarter 2025 earnings released: EPS: ₹1.72 (vs ₹1.15 in 3Q 2024) Third quarter 2025 results: EPS: ₹1.72 (up from ₹1.15 in 3Q 2024). Revenue: ₹183.8m (up 26% from 3Q 2024). Net income: ₹18.0m (up 50% from 3Q 2024). Profit margin: 9.8% (up from 8.2% in 3Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has increased by 39% per year, which means it is tracking significantly ahead of earnings growth. New Risk • Dec 23
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 7.7% 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 (54% accrual ratio). Minor Risks High level of debt (84% net debt to equity). Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (7.7% average weekly change). Shareholders have been diluted in the past year (4.3% increase in shares outstanding). Market cap is less than US$100m (₹4.11b market cap, or US$48.3m). Valuation Update With 7 Day Price Move • Dec 10
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ₹367, the stock trades at a trailing P/E ratio of 53.3x. Average trailing P/E is 40x in the Machinery industry in India. Total returns to shareholders of 225% over the past three years. Valuation Update With 7 Day Price Move • Nov 25
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₹325, the stock trades at a trailing P/E ratio of 47.2x. Average trailing P/E is 36x in the Machinery industry in India. Total returns to shareholders of 206% over the past three years. Reported Earnings • Oct 29
Second quarter 2025 earnings released: EPS: ₹1.72 (vs ₹1.10 in 2Q 2024) Second quarter 2025 results: EPS: ₹1.72 (up from ₹1.10 in 2Q 2024). Revenue: ₹183.5m (up 31% from 2Q 2024). Net income: ₹18.2m (up 52% from 2Q 2024). Profit margin: 9.9% (up from 8.6% in 2Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has increased by 35% per year, which means it is tracking significantly ahead of earnings growth. Upcoming Dividend • Sep 10
Upcoming dividend of ₹1.00 per share Eligible shareholders must have bought the stock before 17 September 2024. Payment date: 24 October 2024. Payout ratio is a comfortable 17% but the company is not cash flow positive. Trailing yield: 0.4%. Lower than top quartile of Indian dividend payers (1.1%). Lower than average of industry peers (0.7%). New Risk • Sep 06
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 4.3% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (18% operating cash flow to total debt). Minor Risks Paying a dividend despite having no free cash flows. Shareholders have been diluted in the past year (4.3% increase in shares outstanding). Market cap is less than US$100m (₹2.88b market cap, or US$34.4m). Duyuru • Aug 28
Aaron Industries Limited, Annual General Meeting, Sep 24, 2024 Aaron Industries Limited, Annual General Meeting, Sep 24, 2024, at 11:00 Indian Standard Time. Reported Earnings • Aug 09
First quarter 2025 earnings released: EPS: ₹1.78 (vs ₹1.60 in 1Q 2024) First quarter 2025 results: EPS: ₹1.78 (up from ₹1.60 in 1Q 2024). Revenue: ₹172.4m (up 11% from 1Q 2024). Net income: ₹18.7m (up 16% from 1Q 2024). Profit margin: 11% (in line with 1Q 2024). Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has increased by 37% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • May 21
Full year 2024 earnings released: EPS: ₹6.00 (vs ₹5.38 in FY 2023) Full year 2024 results: EPS: ₹6.00 (up from ₹5.38 in FY 2023). Revenue: ₹633.7m (up 14% from FY 2023). Net income: ₹63.3m (up 17% from FY 2023). Profit margin: 10.0% (in line with FY 2023). Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has increased by 49% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Feb 13
Third quarter 2024 earnings released: EPS: ₹1.15 (vs ₹1.23 in 3Q 2023) Third quarter 2024 results: EPS: ₹1.15 (down from ₹1.23 in 3Q 2023). Revenue: ₹146.5m (up 7.1% from 3Q 2023). Net income: ₹12.0m (down 3.0% from 3Q 2023). Profit margin: 8.2% (down from 9.0% in 3Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 37% per year but the company’s share price has increased by 63% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Nov 03
Second quarter 2024 earnings released: EPS: ₹1.10 (vs ₹1.27 in 2Q 2023) Second quarter 2024 results: EPS: ₹1.10 (down from ₹1.27 in 2Q 2023). Revenue: ₹140.2m (flat on 2Q 2023). Net income: ₹12.0m (down 6.6% from 2Q 2023). Profit margin: 8.5% (down from 9.1% in 2Q 2023). Over the last 3 years on average, earnings per share has increased by 44% per year but the company’s share price has increased by 102% per year, which means it is tracking significantly ahead of earnings growth. Upcoming Dividend • Aug 21
Upcoming dividend of ₹1.00 per share at 0.3% yield Eligible shareholders must have bought the stock before 28 August 2023. Payment date: 10 April 2023. Trailing yield: 0.3%. Lower than top quartile of Indian dividend payers (1.5%). Lower than average of industry peers (0.8%). Reported Earnings • Aug 13
First quarter 2024 earnings released: EPS: ₹1.60 (vs ₹1.22 in 1Q 2023) First quarter 2024 results: EPS: ₹1.60 (up from ₹1.22 in 1Q 2023). Revenue: ₹155.4m (up 29% from 1Q 2023). Net income: ₹16.1m (up 31% from 1Q 2023). Profit margin: 10% (in line with 1Q 2023). Over the last 3 years on average, earnings per share has increased by 51% per year but the company’s share price has increased by 117% per year, which means it is tracking significantly ahead of earnings growth. Duyuru • Aug 08
Aaron Industries Limited, Annual General Meeting, Sep 04, 2023 Aaron Industries Limited, Annual General Meeting, Sep 04, 2023, at 11:00 Indian Standard Time. Reported Earnings • May 17
Full year 2023 earnings released: EPS: ₹5.37 (vs ₹3.69 in FY 2022) Full year 2023 results: EPS: ₹5.37 (up from ₹3.69 in FY 2022). Revenue: ₹559.1m (up 48% from FY 2022). Net income: ₹54.0m (up 46% from FY 2022). Profit margin: 9.7% (in line with FY 2022). Over the last 3 years on average, earnings per share has increased by 53% per year but the company’s share price has increased by 131% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • May 16
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to ₹259, the stock trades at a trailing P/E ratio of 49.4x. Average trailing P/E is 27x in the Machinery industry in India. Total returns to shareholders of 1,152% over the past three years. Valuation Update With 7 Day Price Move • Feb 22
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to ₹208, the stock trades at a trailing P/E ratio of 39.7x. Average trailing P/E is 23x in the Machinery industry in India. Total returns to shareholders of 723% over the past three years. Reported Earnings • Jan 25
Third quarter 2023 earnings released: EPS: ₹1.23 (vs ₹1.02 in 3Q 2022) Third quarter 2023 results: EPS: ₹1.23 (up from ₹1.02 in 3Q 2022). Revenue: ₹136.9m (up 50% from 3Q 2022). Net income: ₹12.4m (up 21% from 3Q 2022). Profit margin: 9.0% (down from 11% 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 57% per year but the company’s share price has increased by 92% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Nov 16
Second quarter 2023 earnings released: EPS: ₹1.27 (vs ₹0.81 in 2Q 2022) Second quarter 2023 results: EPS: ₹1.27 (up from ₹0.81 in 2Q 2022). Revenue: ₹141.1m (up 45% from 2Q 2022). Net income: ₹12.8m (up 56% from 2Q 2022). Profit margin: 9.1% (up from 8.5% 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 58% per year but the company’s share price has increased by 85% 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. 3 experienced directors. 3 highly experienced directors. Non-Executive Independent Director Hetal Mehta was the last director to join the board, commencing their role in 2018. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Valuation Update With 7 Day Price Move • Aug 30
Investor sentiment improved over the past week After last week's 28% share price gain to ₹166, the stock trades at a trailing P/E ratio of 36.6x. Average trailing P/E is 26x in the Machinery industry in India. Total returns to shareholders of 576% over the past three years. Upcoming Dividend • Aug 25
Upcoming dividend of ₹0.80 per share Eligible shareholders must have bought the stock before 01 September 2022. Payment date: 10 October 2022. Trailing yield: 0.6%. Lower than top quartile of Indian dividend payers (1.6%). In line with average of industry peers (0.7%). Duyuru • Aug 03
Aaron Industries Limited, Annual General Meeting, Sep 10, 2022 Aaron Industries Limited, Annual General Meeting, Sep 10, 2022, at 11:00 Indian Standard Time. Reported Earnings • Jul 31
First quarter 2023 earnings released: EPS: ₹1.22 (vs ₹0.37 in 1Q 2022) First quarter 2023 results: EPS: ₹1.22 (up from ₹0.37 in 1Q 2022). Revenue: ₹120.3m (up 106% from 1Q 2022). Net income: ₹12.3m (up 228% from 1Q 2022). Profit margin: 10% (up from 6.4% 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 55% per year but the company’s share price has increased by 76% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • May 16
Full year 2022 earnings released: EPS: ₹3.70 (vs ₹1.92 in FY 2021) Full year 2022 results: EPS: ₹3.70 (up from ₹1.92 in FY 2021). Revenue: ₹377.8m (up 52% from FY 2021). Net income: ₹37.1m (up 93% from FY 2021). Profit margin: 9.8% (up from 7.7% in FY 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 48% per year but the company’s share price has increased by 76% per year, which means it is tracking significantly ahead of earnings growth. 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. 3 experienced directors. 3 highly experienced directors. Non-Executive Independent Director Hetal Mehta was the last director to join the board, commencing their role in 2018. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Feb 01
Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations Third quarter 2022 results: EPS: ₹1.02 (up from ₹0.59 in 3Q 2021). Revenue: ₹91.7m (up 40% from 3Q 2021). Net income: ₹10.2m (up 71% from 3Q 2021). Profit margin: 11% (up from 9.1% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 45% per year but the company’s share price has increased by 82% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Jan 04
Investor sentiment improved over the past week After last week's 22% share price gain to ₹138, the stock trades at a trailing P/E ratio of 49.7x. Average trailing P/E is 25x in the Machinery industry in India. Total returns to shareholders of 553% over the past three years. Valuation Update With 7 Day Price Move • Oct 06
Investor sentiment improved over the past week After last week's 15% share price gain to ₹114, the stock trades at a trailing P/E ratio of 45.5x. Average trailing P/E is 24x in the Machinery industry in India. Total returns to shareholders of 516% over the past three years. Reported Earnings • Aug 09
First quarter 2022 earnings released: EPS ₹0.37 (vs ₹0.21 loss in 1Q 2021) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2022 results: Revenue: ₹58.4m (up 77% from 1Q 2021). Net income: ₹3.74m (up ₹5.82m from 1Q 2021). Profit margin: 6.4% (up from net loss in 1Q 2021). The move to profitability was driven by higher revenue. Valuation Update With 7 Day Price Move • Jul 27
Investor sentiment improved over the past week After last week's 17% share price gain to ₹130, the stock trades at a trailing P/E ratio of 67.8x. Average trailing P/E is 27x in the Machinery industry in India. Total returns to shareholders of 479% over the past year. Valuation Update With 7 Day Price Move • Jul 11
Investor sentiment improved over the past week After last week's 17% share price gain to ₹97.90, the stock trades at a trailing P/E ratio of 51x. Average trailing P/E is 27x in the Machinery industry in India. Total returns to shareholders of 321% over the past year. Valuation Update With 7 Day Price Move • Jun 19
Investor sentiment deteriorated over the past week After last week's 17% share price decline to ₹68.00, the stock trades at a trailing P/E ratio of 35.4x. Average trailing P/E is 24x in the Machinery industry in India. Total returns to shareholders of 204% over the past year. Reported Earnings • May 31
Full year 2021 earnings released: EPS ₹1.92 (vs ₹1.42 in FY 2020) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2021 results: Revenue: ₹250.5m (up 17% from FY 2020). Net income: ₹19.3m (up 35% from FY 2020). Profit margin: 7.7% (up from 6.7% in FY 2020). The increase in margin was driven by higher revenue. Valuation Update With 7 Day Price Move • May 12
Investor sentiment improved over the past week After last week's 30% share price gain to ₹67.80, the stock trades at a trailing P/E ratio of 43.8x. Average trailing P/E is 24x in the Machinery industry in India. Total returns to shareholders of 226% over the past year. Duyuru • May 09
Aaron Industries Limited Announces Launch of Its New Product, Etch Designer Aaron Industries Limited announced the launch of its new product namely Etch Designer Sheet on May 8, 2021 in Domestic Market. Category of the product is Stainless Steel. Is New 90 Day High Low • Mar 09
New 90-day high: ₹63.30 The company is up 27% from its price of ₹49.70 on 09 December 2020. The Indian market is up 15% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Machinery industry, which is up 26% over the same period. Reported Earnings • Feb 15
Third quarter 2021 earnings released: EPS ₹0.59 (vs ₹0.28 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: ₹65.5m (up 10% from 3Q 2020). Net income: ₹5.95m (up 110% from 3Q 2020). Profit margin: 9.1% (up from 4.8% in 3Q 2020). The increase in margin was driven by higher revenue. Duyuru • Jan 17
Aaron Industries Limited Appoints Nitinkumar Maniya as Company Secretary & Compliance Officer Aaron Industries Limited announced that Mr. Nitinkumar Maniya, has been appointed as Company Secretary & Compliance Officer of the Company effective 16 January, 2021. Duyuru • Jan 09
Aaron Industries Limited Announces Resignation of Ankitkumar Tank as Company Secretary & Compliance Officer Aaron Industries Limited announced that Mr. Ankitkumar Tank has tendered his resignation from the post of Company Secretary & Compliance Officer of the Company with effect from January 16, 2021 as stated in the resignation letter dated January 8, 2021. Valuation Update With 7 Day Price Move • Dec 07
Market pulls back on stock over the past week After last week's 16% share price decline to ₹51.80, the stock is trading at a trailing P/E ratio of 39.1x, down from the previous P/E ratio of 46.4x. This compares to an average P/E of 22x in the Machinery industry in India. Total returns to shareholders over the past year are 103%. Valuation Update With 7 Day Price Move • Nov 19
Market bids up stock over the past week After last week's 27% share price gain to ₹38.70, the stock is trading at a trailing P/E ratio of 29.2x, up from the previous P/E ratio of 23x. This compares to an average P/E of 20x in the Machinery industry in India. Total returns to shareholders over the past year are 55%. Valuation Update With 7 Day Price Move • Nov 07
Market bids up stock over the past week After last week's 20% share price gain to ₹32.70, the stock is trading at a trailing P/E ratio of 24.7x, up from the previous P/E ratio of 20.6x. This compares to an average P/E of 20x in the Machinery industry in India. Total returns to shareholders over the past year are 29%. Is New 90 Day High Low • Nov 07
New 90-day high: ₹32.70 The company is up 39% from its price of ₹23.60 on 07 August 2020. The Indian market is up 7.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Machinery industry, which is up 12% over the same period. Duyuru • Sep 19
Aaron Industries Limited Announces the Company Resumes its Operation at the Plants Located in Udhna, Surat and Moti Pardi, Mangrol Surat Aaron Industries Limited announced that the company has resumed its operations at the plants located in Udhna, Surat and Moti Pardi, Mangrol Surat.