Agarwal Industrial Corporation Limited

BSE: AGARIND531921ISIN INE204E01012

Commodities
Petrochemicals
BSE Commodities

Share price

₹344.30+14.40 (+4.36%)

as of 4 Nov 2026

Prices adjusted for splits and bonuses; cash dividends excluded. Volume shows actual shares traded.

52W high: ₹859.50
52W low: ₹312.00
Off 52W high: -59.94%
1M return: -10.33%
3M return: -34.16%
6M return: -24.04%
1Y return: -59.13%
20D avg volume: 1,666
50 DMA: ₹395.91
200 DMA: ₹482.65

Key ratios Consolidated

Market cap: ₹515.00 Cr
Current price: ₹344.30
52W high / low: ₹859.50 / ₹312.00
Face value: ₹10.00
P/E: 14.37
P/B: 0.75
EPS (TTM): ₹27.33
Book value / share: ₹460.64
ROE: —
ROCE: 10.10%
Operating margin: —
Net margin: —
Debt / equity: 0.49
Net debt: ₹292.68 Cr
Interest cover: 3.00
Dividend yield: 0.96%
Dividend / share (TTM): ₹3.30
Payout: 12.07%
Cash conversion cycle: 26.8 days

Financials

Metric	Q1 FY27	Q4 FY26	Q3 FY26	Q2 FY26	Q1 FY26	Q4 FY25	Q3 FY25	Q2 FY25	Q1 FY25	Q4 FY24	Q3 FY24	Q2 FY24
Income statement
	433.31	405.38	408.44	244.80	593.61	823.44	542.11	325.66	707.72	776.44	488.18	231.91
	2.76	6.37	4.54	5.00	1.70	4.70	2.48	1.83	1.53	1.76	0.90	1.85
	436.07	411.75	412.97	249.80	595.31	828.14	544.59	327.50	709.25	778.20	489.09	233.76
	422.48	391.34	408.33	236.23	578.68	791.35	510.71	307.32	665.34	734.59	455.71	215.59
	115.29	81.35	53.69	15.57	129.63	161.53	130.32	33.24	105.26	161.04	101.60	38.69
	137.43	186.75	198.75	192.58	286.03	563.08	310.56	203.83	432.86	473.35	316.02	139.76
	3.08	3.27	3.35	2.96	2.87	2.98	3.31	2.79	2.66	2.86	2.42	2.24
	5.20	5.12	7.39	6.80	8.31	9.20	6.84	6.48	7.57	8.48	4.66	3.70
	13.82	13.32	13.14	12.64	12.90	12.23	15.03	10.35	10.23	9.82	7.21	6.82
	84.28	72.92	89.25	60.98	79.87	74.03	79.13	73.25	82.88	83.58	67.43	44.60
	13.59	20.41	4.64	13.58	16.63	36.79	33.88	20.18	43.91	43.61	33.37	18.17
	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	13.59	20.41	4.64	13.58	16.63	36.79	33.88	20.18	43.91	43.61	33.37	18.17
	3.24	4.66	1.85	1.59	3.60	6.25	6.18	1.73	4.91	5.60	5.75	2.15
	10.35	15.75	2.80	11.99	13.03	30.54	27.70	18.44	39.00	38.01	27.63	16.01
	6.92	10.53	1.87	8.02	8.71	20.42	18.52	12.33	26.07	25.41	18.47	10.71
Key metrics
	32.61	38.85	25.17	33.02	37.84	58.22	55.75	37.01	61.71	61.91	45.24	28.69
	7.50%	9.60%	6.20%	13.50%	6.40%	7.10%	10.30%	11.40%	8.70%	8.00%	9.30%	12.40%
	2.40%	3.90%	0.70%	4.90%	2.20%	3.70%	5.10%	5.70%	5.50%	4.90%	5.70%	6.90%
	—	3.10%	—	2.50%	—	5.60%	—	—	—	—	—	—
	-27.00%	-50.80%	-24.70%	-24.80%	-16.10%	6.10%	11.00%	40.40%	—	—	—	—
	-20.60%	-48.40%	-89.90%	-35.00%	-66.60%	-19.70%	0.30%	15.20%	—	—	—	—

Metric	TTM	FY26	FY25	FY24	FY23	FY22
Income statement
	1,492	1,652	2,399	2,125	2,015	1,598
	18.67	17.60	10.55	5.13	9.07	3.75
	1,511	1,670	2,409	2,130	2,024	1,602
	1,458	1,615	2,275	2,003	1,914	1,524
	265.90	280.24	430.36	413.18	286.39	345.10
	715.51	864.11	1,510	1,290	1,425	969.19
	12.66	12.45	11.74	9.74	8.83	7.33
	24.51	27.61	30.10	20.66	12.13	12.24
	52.92	52.00	47.83	30.10	22.69	19.73
	307.43	303.02	309.29	255.39	202.06	184.26
	52.22	55.25	134.76	127.19	109.76	77.53
	0.00	0.00	0.00	0.00	0.00	0.00
	52.22	55.25	134.76	127.19	109.76	77.53
	11.34	11.69	19.07	17.97	17.50	13.85
	40.89	43.57	115.69	109.22	92.26	63.69
	27.34	29.13	77.34	73.02	63.78	51.10
Key metrics
	129.65	134.86	212.69	177.95	144.58	109.50
	8.69%	8.20%	8.90%	8.40%	7.20%	6.90%
	2.74%	2.60%	4.80%	5.10%	4.60%	4.00%
	—	10.10%	20.20%	—	—	—
	-34.70%	-31.10%	12.90%	5.50%	26.10%	—
	-54.42%	-62.30%	5.90%	18.40%	44.90%	—
	—	113.43	-65.01	—	—	—
	—	5.39	0.86	—	—	—
	—	0.49	0.68	—	—	—
	—	292.68	401.59	—	—	—
	—	26.8	31.7	—	—	—
Balance sheet
	—	1,202	1,345	—	—	—
	—	440.74	614.07	—	—	—
	—	43.28	25.16	—	—	—
	—	151.92	269.80	—	—	—
	—	117.68	195.87	—	—	—
	—	53.08	57.86	—	—	—
	—	687.21	678.02	—	—	—
	—	148.27	257.80	—	—	—
	—	383.16	527.09	—	—	—
	—	335.96	426.75	—	—	—
	—	214.20	244.99	—	—	—
	—	121.76	181.76	—	—	—
	—	689.01	627.12	—	—	—
Cash flow
	—	234.91	99.84	—	—	—
	—	-89.44	-156.89	—	—	—
	—	-127.56	39.50	—	—	—
	—	121.48	164.85	—	—	—

Metric	Q1 FY27	Q4 FY26	Q3 FY26	Q2 FY26	Q1 FY26	Q4 FY25	Q3 FY25	Q2 FY25	Q1 FY25	Q4 FY24	Q3 FY24	Q2 FY24
Income statement
	337.04	327.81	322.45	171.20	509.35	—	445.40	232.13	591.48	666.76	406.86	170.72
	4.89	7.98	5.84	6.66	3.03	—	3.87	3.24	2.99	3.12	2.49	3.56
	341.94	335.79	328.29	177.86	512.38	—	449.27	235.37	594.47	669.88	409.35	174.29
	329.51	318.01	320.39	170.92	498.84	—	425.94	228.47	576.21	650.34	387.54	165.82
	114.58	79.20	52.75	14.73	128.65	—	129.46	32.89	104.57	159.74	100.94	38.25
	127.76	180.11	191.41	185.18	275.51	—	298.56	193.86	417.00	457.63	300.39	126.89
	2.40	2.64	2.71	2.41	2.31	—	2.66	2.30	2.17	2.40	2.03	1.80
	2.32	2.35	4.22	4.11	4.22	—	3.33	2.78	3.73	4.84	3.33	2.29
	2.53	2.25	2.68	2.70	2.87	—	2.95	2.96	2.93	3.15	2.79	2.78
	16.37	22.78	23.83	17.08	26.37	—	23.49	16.35	21.82	27.22	21.56	14.14
	12.42	17.78	7.90	6.94	13.54	—	23.33	6.90	18.26	19.53	21.80	8.46
	0.00	0.00	0.00	0.00	0.00	—	—	—	—	—	—	—
	12.42	17.78	7.90	6.94	13.54	—	23.33	6.90	18.26	19.53	21.80	8.46
	3.23	4.56	1.86	1.82	3.48	—	6.06	1.89	4.74	5.29	5.55	2.17
	9.19	13.22	6.04	5.12	10.05	—	17.27	5.01	13.52	14.24	16.25	6.29
	6.15	8.84	4.04	3.42	6.72	—	11.54	3.35	9.04	9.52	10.87	4.21
Key metrics
	17.27	22.38	14.80	13.75	20.63	—	29.61	12.64	24.92	27.52	27.92	13.53
	5.10%	6.80%	4.60%	8.00%	4.10%	—	6.60%	5.40%	4.20%	4.10%	6.90%	7.90%
	2.70%	4.00%	1.90%	3.00%	2.00%	—	3.90%	2.20%	2.30%	2.10%	4.00%	3.70%
	—	4.60%	—	2.60%	—	—	—	—	—	—	—	—
	-33.80%	—	-27.60%	-26.20%	-13.90%	—	9.50%	36.00%	—	—	—	—
	-8.60%	—	-65.00%	2.20%	-25.70%	—	6.30%	-20.30%	—	—	—	—

Metric	TTM	FY26	FY25	FY24	FY23	FY22
Income statement
	1,158	1,331	2,003	1,794	1,761	1,405
	25.37	23.50	16.14	11.38	15.40	9.56
	1,184	1,354	2,019	1,806	1,777	1,415
	1,139	1,308	1,947	1,739	1,710	1,363
	261.26	275.33	426.39	410.13	283.33	343.46
	684.46	832.21	1,462	1,228	1,363	913.36
	10.16	10.07	9.56	8.04	7.24	5.78
	13.00	14.89	14.15	13.35	10.06	11.54
	10.16	10.51	11.80	11.45	12.77	13.50
	80.06	90.05	88.23	83.72	77.02	88.39
	45.04	46.16	72.35	66.93	66.37	52.13
	0.00	0.00	0.00	—	—	—
	45.04	46.16	72.35	66.93	66.37	52.13
	11.47	11.72	18.72	17.35	17.02	13.57
	33.57	34.44	53.63	49.59	49.35	38.56
	22.45	23.02	35.85	33.15	34.12	30.94
Key metrics
	68.20	71.56	98.30	91.73	89.20	77.17
	5.89%	5.40%	4.90%	5.10%	5.10%	5.50%
	2.90%	2.60%	2.70%	2.80%	2.80%	2.70%
	—	14.00%	21.20%	—	—	—
	—	-33.60%	11.60%	1.90%	25.30%	—
	—	-35.80%	8.10%	0.50%	28.00%	—
	—	122.48	-45.84	—	—	—
	—	4.29	-0.55	—	—	—
	—	0.35	0.46	—	—	—
	—	107.03	163.51	—	—	—
	—	55.7	52.7	—	—	—
Balance sheet
	—	627.58	726.24	—	—	—
	—	385.15	539.84	—	—	—
	—	40.51	18.20	—	—	—
	—	129.21	229.73	—	—	—
	—	108.63	187.12	—	—	—
	—	47.13	53.01	—	—	—
	—	60.47	56.00	—	—	—
	—	34.55	127.62	—	—	—
	—	192.37	317.39	—	—	—
	—	147.54	181.71	—	—	—
	—	141.98	173.71	—	—	—
	—	5.56	8.00	—	—	—
	—	422.30	392.74	—	—	—
Cash flow
	—	147.85	-29.25	—	—	—
	—	-67.41	-9.91	—	—	—
	—	-58.13	23.66	—	—	—
	—	25.37	16.59	—	—	—

Compounded growth

Standalone

Sales CAGR 3Y: -8.92%
Sales CAGR 5Y: —
Profit CAGR 3Y: -11.30%
Profit CAGR 5Y: —
Sales YoY (TTM): —
Profit YoY (TTM): —

Consolidated

Sales CAGR 3Y: -6.40%
Sales CAGR 5Y: —
Profit CAGR 3Y: -22.13%
Profit CAGR 5Y: —
Sales YoY (TTM): -34.70%
Profit YoY (TTM): -54.42%

Compounded from reported annual figures. We publish no share-price CAGR: our prices are as-traded, so one would be wrong across every split and bonus issue.

Shareholding as of 30 Sep 2026

Promoter holding: 57.21%

Quarter	September 2026	June 2026
Promoter %	57.21%	57.21%

Holder	Type	Holding	Previous	Change
JAI PRAKASH AGARWAL	Promoter	5.85%	5.85%	0.00%
MAHENDRA AGARWAL .	Promoter	5.53%	5.53%	0.00%
KISHAN AGARWAL .	Promoter Group	4.94%	4.94%	0.00%
ASHISH KACHOLIA	Public	4.33%	4.33%	0.00%
JUGAL KISHORE AGARWAL	Promoter Group	3.84%	3.84%	0.00%
Ramchandra AGARWAL	Promoter	3.76%	3.76%	0.00%
USHA AGARWAL .	Promoter Group	3.57%	3.57%	0.00%
LALIT AGARWAL	Promoter	3.53%	3.53%	0.00%
REKHA AGARWAL	Promoter Group	2.68%	2.68%	0.00%
PADMA AGARWAL	Promoter Group	2.63%	2.63%	0.00%
SHAILESH RAMESHCHANDRA AGARWAL	Promoter Group	2.62%	2.62%	0.00%
UMA AGARWAL .	Promoter Group	2.31%	2.31%	0.00%
NILESH AGARWAL	Promoter Group	2.24%	2.24%	0.00%
SUSHILA AGARWAL	Promoter Group	2.19%	2.19%	0.00%
NEXPACT LIMITED	Public	2.14%	2.14%	0.00%

Public shareholders are disclosed individually only above 1%.

Peer comparison

Company	Mkt cap (₹ Cr)	Price (₹)	P/E	ROCE	Sales YoY	Profit YoY	1Y return
Supreme Petrochem Ltd. S	13,082	695.70	24.71	18.00%	+19.70% TTM	+72.26% TTM	+0.19%
Swan Corp Limited	7,673	244.80	36.84	4.10%	-20.26% TTM	+39.05% TTM	-46.21%
Rain Industries Limited	6,180	183.75	9.27	—	+17.02% TTM	+307.92% TTM	+36.21%
Bhansali Engineering Polymers Ltd.	2,747	110.40	12.38	22.40%	+14.71% TTM	+33.12% TTM	+12.80%
DCW Ltd. S	1,363	46.18	20.08	9.90%	+15.14% TTM	+35.78% TTM	-32.20%
Manali Petrochemicals Ltd.	1,254	72.92	6.97	11.80%	+19.19% TTM	+487.75% TTM	+0.19%
Tamilnadu Petroproducts Ltd	1,079	119.95	6.23	11.50%	+23.30% TTM	+60.17% TTM	-0.58%
Pasupati Acrylon Ltd. S	633	71.00	5.68	19.40%	+22.47% TTM	+183.02% TTM	+32.83%
Agarwal Industrial Corporation Limited	515	344.30	14.37	10.10%	-34.70% TTM	-54.42% TTM	-59.13%
Amtech Esters Limited	72	82.00	17.16 FY26	—	+10.25% FY26	+12.93% FY26	—
Indian Acrylics Ltd	67	4.97	-3.20	-3.20%	+3.06% TTM	+21.55% TTM	-30.97%
Polylink Polymers (india) Ltd. S	46	20.92	31.70	5.40%	-0.11% TTM	0.00% TTM	-7.19%
Nexxus Petro Industries Limited S	43	61.25	6.75	25.50%	—	—	-46.72%
Gujarat Petrosynthese Ltd. S	31	51.18	11.63	5.50%	+38.84% TTM	+21.30% TTM	-20.81%
Aadi Industries Ltd S	8	8.20	-41.00	2.60%	—	-11.11% TTM	+72.63%

Some figures use IPO-document inputs. Growth periods are shown per value; FY means annual.

Filings & corporate actions

Recent announcements

Newspaper Publication8 Oct 2026 · Company Update / Newspaper Publication
Certificate under Reg 74(5) of SEBI (DP) Regulation, 2018 for the quarter ended September 30, 20266 Oct 2026 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
Change in Corporate Identification Number of the Company5 Oct 2026 · Company Update / General
Amendment in Memorandum of Association of the Company by adding new Main and Ancillary Object as approved by the Member in the 32nd Annual General Meeting of the Company held on September 24, 202624 Sep 2026 · Company Update / Amendments to Memorandum & Articles of Association
Proceeding of 32nd Annual General Meeting of the Company24 Sep 2026 · AGM/EGM / AGM
Voting Results and Scrutinizer Report for the 32nd Annual General Meeting held on September 24, 202624 Sep 2026 · AGM/EGM / AGM
Voting Results and Scrutinizer Report for the 32nd Annual General Meeting of the Company held today viz. Thursday, September 24, 220624 Sep 2026 · AGM/EGM / AGM
Closure of Trading Window for the Quarter and Half Year Ended September 30, 202623 Sep 2026 · Insider Trading / SAST / Closure of Trading Window
Newspaper Publication regarding 32nd Annual General Meeting1 Sep 2026 · Company Update / Newspaper Publication
Intimation to Shareholders whose Email Id is not registered29 Aug 2026 · Company Update / General
32nd Annual Report of the Financial Year 2025-2629 Aug 2026 · Others / Reg. 34 (1) Annual Report
Notice of 32nd Annual General Meeting for the Financial Year 2025-2629 Aug 2026 · AGM/EGM / AGM
Newspaper Publication for Prior 32nd Annual General Meeting Intimation27 Aug 2026 · Company Update / Newspaper Publication
Newspaper Publication18 Aug 2026 · Company Update / Newspaper Publication
Record Date18 Aug 2026 · Corp. Action / Dividend
The Record date/ Cut off date for Dividend purpose is September 17, 202613 Aug 2026 · Corp. Action / Dividend
The Board approved and adopted the new main Object and Ancillary Object of the Company and consequently alteration/ amendment of Memorandum of Association of the Company subject to approval ....13 Aug 2026 · Company Update / Amendments to Memorandum & Articles of Association
Un-audited Financial Results for the quarter ended June 30, 202613 Aug 2026 · Result / Financial Results
Approval of Un-audited Financial Results (Standalone & Consolidated) for the quarter ended June 30, 2026 and other agenda13 Aug 2026 · Board Meeting / Outcome of Board Meeting
Agarwal Industrial Corporation Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 13/08/2026 ,inter alia, to consider and approve 1 To consider ....7 Aug 2026 · Board Meeting / Board Meeting
Reconciliation of Share Capital for the Quarter ended June 30, 202610 Jul 2026 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
Newspaper Publication for Second 100 days Campaign4 Jul 2026 · Company Update / Newspaper Publication
Compliance Certificate for the quarter ended June 30, 20263 Jul 2026 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
Newspaper Publication for IEPF1 Jul 2026 · Company Update / Newspaper Publication
Intimation regarding Closure of Trading Window24 Jun 2026 · Insider Trading / SAST / Closure of Trading Window
Newspaper Extract of Second 100 days Campaign20 Jun 2026 · Company Update / Newspaper Publication
Newspaper Publication for Special Window for Transfer and Dematerialisation of Physical Shares16 Jun 2026 · Company Update / Newspaper Publication
Receipt of Tender from Hindustan Corporation Limited3 Jun 2026 · Company Update / Award of Order / Receipt of Order
Newspaper Publication of Financial Results for the Quarter and Year Ended March 31, 202630 May 2026 · Company Update / Newspaper Publication
Recommendation of Dividend by Board of the Director of the Company29 May 2026 · Corp. Action / Dividend
Audited Financial Results (Standalone and Consolidated) for the Quarter and Year Ended March 31, 202629 May 2026 · Result / Financial Results
Outcome of Board Meeting29 May 2026 · Board Meeting / Outcome of Board Meeting
Agarwal Industrial Corporation Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 29/05/2026 ,inter alia, to consider and approve 1. To consider ....21 May 2026 · Board Meeting / Board Meeting
Annual Secretarial Compliance Report for the financial year ended March 31, 202616 May 2026 · Company Update / Reg.24(A)-Annual Secretarial Compliance
Newspaper Publication for Second 100 days Campaign16 May 2026 · Company Update / Newspaper Publication
We are pleased to announce the commencement of commercial operations of Bulk Bitumen Storage at its own Facilities situated at Mangalore5 May 2026 · Company Update / General
Format of Initial Disclosure to be made by an entity identified as a Large Corporate. <table border=''1px''><tr> <td>Sr. No.</td> <td>Particulars</td> <td>Details</td> ....28 Apr 2026 · Others / Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure A
Newspaper Publication for Second 100 days campaign25 Apr 2026 · Company Update / Newspaper Publication
100 days Campaign7 Apr 2026 · Company Update / Newspaper Publication
Certificate under Reg 74(5) of SEBI (DP) Regulations, 20182 Apr 2026 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018

Corporate actions

Purpose	Ex date	Record date	Payment date
Final Dividend - Rs. - 3.3000	17 Sep 2026	17 Sep 2026	—
Final Dividend - Rs. - 3.3000	16 Sep 2025	16 Sep 2025	—
Final Dividend - Rs. - 3.0000	6 Sep 2024	—	—

Board meetings

13 Aug 2026 Board Meeting - Financial Results