About
Aaron Industries Limited engages in the manufacture and sale of elevators and elevator parts in India. It operates through the Elevator and Steel Polishing segments. The Elevator segment offers the manufacturing and sale of elevator cabins, automatic door systems, traction machines, and other elevator components. The Steel Polishing segment undertakes polishing, finishing, and processing of stainless-steel sheets. It also provides elevator doors, control panels, motors, cables, and safety devices. In addition, the company trades in traction machines. It also exports its products. Aaron Industries Limited was incorporated in 2013 and is based in Surat, India.
Key Metrics
as of Sep 2026Market Cap269 Cr
P/E32.50
Div Yield0.39 %
Book Value₹23.20
52w High₹228.00
52w Low₹107.00
Face Value₹10.00
Quarterly Results
Rs. Crores · hover row for definition| Metric | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 | Jun 2024 | Mar 2024 | Dec 2023 | Sep 2023 | Jun 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 24.44 | 27.33 | 23.20 | 22.24 | 19.24 | 24.11 | 18.33 | 18.29 | 17.19 | 19.08 | 14.62 | 14.00 | 15.52 |
| Expenses | 19.50 | 22.25 | 18.36 | 18.12 | 15.58 | 19.07 | 15.06 | 15.08 | 13.89 | 15.45 | 12.10 | 11.83 | 12.74 |
| Operating Profit | 4.94 | 5.08 | 4.84 | 4.12 | 3.66 | 5.04 | 3.27 | 3.21 | 3.30 | 3.63 | 2.52 | 2.17 | 2.78 |
| OPM % | 20.21 | 18.59 | 20.86 | 18.53 | 19.02 | 20.90 | 17.84 | 17.55 | 19.20 | 19.03 | 17.24 | 15.50 | 17.91 |
| Other Income | 0.05 | 0.06 | 0.04 | 0.05 | 0.04 | 0.06 | 0.05 | 0.06 | 0.05 | 0.09 | 0.03 | 0.02 | 0.01 |
| Depreciation | 1.00 | 0.95 | 1.00 | 0.99 | 0.94 | 0.45 | 0.46 | 0.46 | 0.44 | 0.39 | 0.36 | 0.35 | 0.33 |
| Interest | 0.52 | 0.58 | 0.64 | 0.69 | 0.68 | 0.41 | 0.35 | 0.31 | 0.30 | 0.25 | 0.42 | 0.42 | 0.24 |
| Profit before tax | 3.47 | 3.61 | 3.24 | 2.49 | 2.08 | 4.24 | 2.51 | 2.50 | 2.61 | 3.08 | 1.77 | 1.42 | 2.22 |
| Tax % | 25.94 | 35.73 | 37.96 | 44.18 | 49.04 | 35.14 | 28.29 | 27.60 | 28.35 | 24.68 | 32.20 | 15.49 | 27.93 |
| Net Profit | 2.56 | 2.32 | 2.02 | 1.39 | 1.06 | 2.75 | 1.80 | 1.82 | 1.87 | 2.33 | 1.20 | 1.20 | 1.61 |
| EPS in Rs | 1.22 | 1.11 | 0.96 | 0.66 | 0.51 | 1.32 | 0.86 | 0.87 | 0.89 | 1.11 | 0.57 | 0.57 | 0.80 |
Profit & Loss
Annual · Rs. Crores| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 92.01 | 77.93 | 63.23 | 55.85 | 37.74 | 24.96 | 21.40 | 17.55 | 11.77 | 4.80 | 3.31 |
| Expenses | 74.22 | 63.09 | 52.11 | 46.31 | 31.88 | 21.49 | 18.35 | 15.51 | 10.21 | 4.55 | 3.17 |
| Operating Profit | 17.79 | 14.84 | 11.12 | 9.54 | 5.86 | 3.47 | 3.05 | 2.04 | 1.56 | 0.25 | 0.14 |
| OPM % | 19.33 | 19.04 | 17.59 | 17.08 | 15.53 | 13.90 | 14.25 | 11.62 | 13.25 | 5.21 | 4.23 |
| Other Income | 0.10 | 0.19 | 0.14 | 0.06 | 0.04 | 0.06 | 0.11 | 0.03 | 0.02 | 0.00 | 0.01 |
| Interest | 2.59 | 1.36 | 1.34 | 1.01 | 0.19 | 0.44 | 0.59 | 0.29 | 0.14 | 0.17 | 0.08 |
| Depreciation | 3.88 | 1.81 | 1.42 | 1.15 | 0.85 | 0.63 | 0.55 | 0.20 | 0.10 | 0.01 | 0.01 |
| Profit before tax | 11.42 | 11.86 | 8.50 | 7.44 | 4.86 | 2.46 | 2.02 | 1.58 | 1.34 | 0.07 | 0.06 |
| Tax % | 40.54 | 30.52 | 25.53 | 27.28 | 23.66 | 21.54 | 29.21 | 32.28 | 29.85 | 28.57 | 33.33 |
| Net Profit | 6.80 | 8.24 | 6.33 | 5.40 | 3.71 | 1.93 | 1.42 | 1.06 | 0.93 | 0.05 | 0.04 |
| EPS in Rs | 3.25 | 3.94 | 3.03 | 2.69 | 1.85 | 0.96 | 0.71 | 0.53 | 1.16 | 0.56 | 0.44 |
| Dividend Payout % | 15.40 | 15.25 | 16.54 | 18.59 | 21.65 | 31.21 | 22.23 | 0.00 | 0.00 | 0.00 | 0.00 |
Balance Sheet
Annual · Rs. Crores — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 20.95 | 10.47 | 10.47 | 10.04 | 10.04 | 10.04 | 5.26 | 4.78 | 1.88 | 0.19 | 0.19 |
| Reserves | 27.67 | 32.56 | 25.37 | 10.44 | 5.85 | 2.13 | 5.54 | 4.59 | 1.66 | 0.10 | 0.05 |
| Borrowings | 27.74 | 31.86 | 31.56 | 11.37 | 9.15 | 7.07 | 5.21 | 5.27 | 1.05 | 1.33 | 1.15 |
| Other Liabilities | 14.82 | 7.94 | 7.27 | 6.85 | 4.66 | 2.51 | 3.10 | 2.87 | 2.37 | 0.94 | 0.82 |
| Total Liabilities | 91.18 | 82.83 | 74.67 | 38.70 | 29.70 | 21.75 | 19.11 | 17.51 | 6.96 | 2.56 | 2.21 |
| Fixed Assets | 55.33 | 24.88 | 24.35 | 18.92 | 14.85 | 12.88 | 9.29 | 8.71 | 1.45 | 0.12 | 0.10 |
| CWIP | 0.00 | 32.52 | 26.90 | 0.41 | 0.76 | 0.50 | 0.36 | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.22 | 0.04 | 0.00 | 0.00 | 0.00 |
| Other Assets | 35.85 | 25.43 | 23.42 | 19.37 | 14.09 | 8.37 | 9.24 | 8.76 | 5.51 | 2.44 | 2.11 |
| Total Assets | 91.18 | 82.83 | 74.67 | 38.70 | 29.70 | 21.75 | 19.11 | 17.51 | 6.96 | 2.56 | 2.21 |
Cash Flows
Annual · Rs. Crores — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | 7.67 | 8.63 | 5.60 | 4.07 | 1.17 | 3.27 | 1.40 | -0.15 | -0.47 | -0.06 | -0.91 |
| Cash from Investing Activity | -1.72 | -7.87 | -33.26 | -4.84 | -3.08 | -4.28 | -1.50 | -7.71 | -1.51 | -0.03 | -0.02 |
| Cash from Financing Activity | -6.07 | -0.72 | 27.69 | 0.78 | 1.91 | 1.00 | -0.65 | 8.24 | 1.97 | 0.03 | 0.93 |
| Net Cash Flow | -0.12 | 0.04 | 0.04 | 0.01 | 0.01 | -0.02 | -0.76 | 0.38 | -0.01 | -0.06 | 0.00 |
| Free Cash Flow | 5.76 | 0.64 | -27.74 | -0.80 | -1.92 | -1.36 | -0.10 | -7.61 | -1.90 | -0.10 | -0.94 |
| CFO/OP % | 58.00 | 74.00 | 67.00 | 60.00 | 36.00 | 106.00 | 57.00 | 8.00 | -7.00 | -16.00 | -643.00 |
Ratios
Annual · Days / % — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 27.81 | 24.45 | 20.38 | 16.60 | 23.70 | 25.30 | 42.81 | 38.27 | 48.38 | 53.23 | 83.81 |
| Inventory Days | 157.67 | 120.29 | 148.91 | 142.94 | 104.85 | 140.40 | 151.49 | 157.50 | 172.59 | 180.69 | 239.97 |
| Days Payable | 49.52 | 22.87 | 24.24 | 38.57 | 32.89 | 21.79 | 42.16 | 55.13 | 95.94 | 92.76 | 155.28 |
| Cash Conversion Cycle | 135.96 | 121.87 | 145.04 | 120.97 | 95.66 | 143.91 | 152.15 | 140.65 | 125.03 | 141.17 | 168.50 |
| Working Capital Days | 25.79 | 13.63 | 28.17 | 42.81 | 61.22 | 47.53 | 63.11 | 77.58 | 77.84 | 91.25 | 120.20 |
| ROCE % | 18.66 | 18.62 | 19.83 | 29.71 | 22.81 | 16.51 | 17.03 | 19.34 | 47.67 | 15.95 | — |
Corporate Actions
7 records| Action | Ex Date | Record Date | Ratio | Amount (₹) | Notes |
|---|---|---|---|---|---|
| Dividend | 14 Aug 2026 | 14 Aug 2026 | — | 0.50 | |
| Bonus | 25 Aug 2025 | 25 Aug 2025 | 1:1 | — | |
| Dividend | 08 Aug 2025 | 08 Aug 2025 | — | 1.20 | |
| Dividend | 17 Sep 2024 | — | — | 1.00 | |
| Dividend | 28 Aug 2023 | — | — | 1.00 | |
| Dividend | 01 Sep 2022 | — | — | 0.80 | |
| Other | 08 Sep 2021 | — | — | — | Annual General Meeting |