About
Agarwal Industrial Corporation Limited manufactures and trades in petrochemicals in India and internationally. It operates through five segments: Ancillary Infra - Bitumen & Allied Products, Petroleum Vessels Operating and Chartering, Petroleum Products, Logistics, and Windmill. The company provides various bituminous products, including viscosity grade bitumen and industrial grade bitumen; paving grade bitumen and crumb rubber modified bitumen; polymer modified bitumen, such as ethylene vinyl acetate, ethylene butyl acrylate, ethylene ter polymer, styrene-butadiene styrene, and styrene isoprene styrene; byproducts waterproof materials comprising bitubond, bituplast, bituminous black, bitukote, bituprimer, cable compound, and bitufelt; bitumen insulation materials; and bitumen emulsions. It is involved in the transportation of bulk bitumen and liquefied petroleum gas; rubber processing oil; and generation of power through windmills, as well as imports and stores bitumen. The company was formerly known as Bombay Baroda Roadways (India) Limited and changed its name to Agarwal Industrial Corporation Limited in March 2008. Agarwal Industrial Corporation Limited was incorporated in 1995 and is based in Mumbai, India.
Key Metrics
as of Sep 2026Market Cap674 Cr
P/E16.50
Div Yield0.73 %
Book Value₹461.00
52w High₹1,006.00
52w Low₹360.00
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 | 433.00 | 405.00 | 408.00 | 245.00 | 594.00 | 823.00 | 542.00 | 326.00 | 708.00 | 776.00 | 488.00 | 232.00 | 629.00 |
| Expenses | 403.00 | 373.00 | 388.00 | 217.00 | 557.00 | 770.00 | 489.00 | 290.00 | 648.00 | 716.00 | 444.00 | 205.00 | 587.00 |
| Operating Profit | 30.00 | 32.00 | 21.00 | 28.00 | 36.00 | 54.00 | 53.00 | 35.00 | 60.00 | 60.00 | 44.00 | 27.00 | 42.00 |
| OPM % | 7.00 | 8.00 | 5.00 | 11.00 | 6.00 | 6.00 | 10.00 | 11.00 | 8.00 | 8.00 | 9.00 | 12.00 | 7.00 |
| Other Income | 3.00 | 6.00 | 5.00 | 5.00 | 2.00 | 5.00 | 2.00 | 2.00 | 2.00 | 2.00 | 1.00 | 2.00 | 1.00 |
| Depreciation | 14.00 | 13.00 | 13.00 | 13.00 | 13.00 | 12.00 | 15.00 | 10.00 | 10.00 | 10.00 | 7.00 | 7.00 | 6.00 |
| Interest | 5.00 | 5.00 | 7.00 | 7.00 | 8.00 | 9.00 | 7.00 | 6.00 | 8.00 | 8.00 | 5.00 | 4.00 | 4.00 |
| Profit before tax | 14.00 | 20.00 | 5.00 | 14.00 | 17.00 | 37.00 | 34.00 | 20.00 | 44.00 | 44.00 | 33.00 | 18.00 | 32.00 |
| Tax % | 24.00 | 23.00 | 40.00 | 12.00 | 22.00 | 17.00 | 18.00 | 9.00 | 11.00 | 13.00 | 17.00 | 12.00 | 14.00 |
| Net Profit | 10.00 | 16.00 | 3.00 | 12.00 | 13.00 | 31.00 | 28.00 | 18.00 | 39.00 | 38.00 | 28.00 | 16.00 | 28.00 |
| EPS in Rs | 6.92 | 10.53 | 1.87 | 8.02 | 8.71 | 20.42 | 18.52 | 12.33 | 26.07 | 25.41 | 18.47 | 10.70 | 18.43 |
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 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 1,652.00 | 2,399.00 | 2,125.00 | 2,015.00 | 1,598.00 | 904.00 | 787.00 | 531.00 | 414.00 | 297.00 | 281.00 | 222.00 |
| Expenses | 1,535.00 | 2,197.00 | 1,952.00 | 1,879.00 | 1,492.00 | 832.00 | 741.00 | 494.00 | 383.00 | 271.00 | 260.00 | 206.00 |
| Operating Profit | 117.00 | 202.00 | 173.00 | 136.00 | 106.00 | 71.00 | 46.00 | 37.00 | 31.00 | 26.00 | 21.00 | 16.00 |
| OPM % | 7.00 | 8.00 | 8.00 | 7.00 | 7.00 | 8.00 | 6.00 | 7.00 | 7.00 | 9.00 | 8.00 | 7.00 |
| Other Income | 18.00 | 11.00 | 5.00 | 9.00 | 4.00 | 2.00 | 3.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 |
| Interest | 28.00 | 30.00 | 21.00 | 12.00 | 12.00 | 10.00 | 9.00 | 9.00 | 9.00 | 7.00 | 7.00 | 4.00 |
| Depreciation | 52.00 | 48.00 | 30.00 | 23.00 | 20.00 | 14.00 | 9.00 | 8.00 | 8.00 | 6.00 | 5.00 | 4.00 |
| Profit before tax | 55.00 | 135.00 | 127.00 | 110.00 | 78.00 | 49.00 | 31.00 | 20.00 | 15.00 | 14.00 | 10.00 | 8.00 |
| Tax % | 21.00 | 14.00 | 14.00 | 16.00 | 18.00 | 17.00 | 18.00 | 34.00 | 30.00 | 37.00 | 31.00 | 30.00 |
| Net Profit | 44.00 | 116.00 | 109.00 | 92.00 | 64.00 | 41.00 | 26.00 | 13.00 | 10.00 | 9.00 | 7.00 | 6.00 |
| EPS in Rs | 29.13 | 77.34 | 73.02 | 61.68 | 48.22 | 39.51 | 24.91 | 13.11 | 10.02 | 8.82 | 12.46 | 10.67 |
| Dividend Payout % | 11.00 | 4.00 | 4.00 | 4.00 | 4.00 | 5.00 | 6.00 | 14.00 | 15.00 | 17.00 | 17.00 | 14.00 |
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 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 15.00 | 15.00 | 15.00 | 15.00 | 13.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 8.00 | 6.00 |
| Reserves | 674.00 | 612.00 | 496.00 | 389.00 | 281.00 | 186.00 | 147.00 | 123.00 | 112.00 | 101.00 | 65.00 | 38.00 |
| Borrowings | 341.00 | 435.00 | 361.00 | 158.00 | 171.00 | 150.00 | 90.00 | 77.00 | 96.00 | 74.00 | 65.00 | 41.00 |
| Other Liabilities | 172.00 | 282.00 | 248.00 | 188.00 | 78.00 | 50.00 | 52.00 | 17.00 | 21.00 | 17.00 | 9.00 | 11.00 |
| Total Liabilities | 1,202.00 | 1,344.00 | 1,120.00 | 750.00 | 543.00 | 395.00 | 300.00 | 227.00 | 238.00 | 201.00 | 147.00 | 95.00 |
| Fixed Assets | 718.00 | 691.00 | 589.00 | 341.00 | 219.00 | 160.00 | 102.00 | 57.00 | 62.00 | 44.00 | 39.00 | 31.00 |
| CWIP | 31.00 | 16.00 | 0.00 | 7.00 | 3.00 | 1.00 | 3.00 | 1.00 | 0.00 | 8.00 | 0.00 | 1.00 |
| Investments | 38.00 | 34.00 | 36.00 | 26.00 | 12.00 | 6.00 | 7.00 | 9.00 | 9.00 | 6.00 | 3.00 | 2.00 |
| Other Assets | 415.00 | 604.00 | 495.00 | 376.00 | 309.00 | 229.00 | 188.00 | 161.00 | 168.00 | 143.00 | 105.00 | 62.00 |
| Total Assets | 1,202.00 | 1,344.00 | 1,120.00 | 750.00 | 543.00 | 395.00 | 300.00 | 227.00 | 238.00 | 201.00 | 147.00 | 95.00 |
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 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | 235.00 | 100.00 | 112.00 | 157.00 | 65.00 | 49.00 | 49.00 | 30.00 | 8.00 | -12.00 | 13.00 | 2.00 |
| Cash from Investing Activity | -89.00 | -157.00 | -276.00 | -158.00 | -69.00 | -44.00 | -54.00 | -4.00 | -20.00 | -21.00 | -9.00 | -7.00 |
| Cash from Financing Activity | -128.00 | 40.00 | 178.00 | -15.00 | 19.00 | 21.00 | 7.00 | -27.00 | 10.00 | 27.00 | -1.00 | 1.00 |
| Net Cash Flow | 18.00 | -18.00 | 13.00 | -17.00 | 14.00 | 27.00 | 2.00 | -1.00 | -1.00 | -6.00 | 3.00 | -3.00 |
| Free Cash Flow | 164.00 | -65.00 | -158.00 | 9.00 | 0.00 | 4.00 | -7.00 | 26.00 | -10.00 | -30.00 | 5.00 | -3.00 |
| CFO/OP % | 212.00 | 60.00 | 75.00 | 129.00 | 74.00 | 78.00 | 123.00 | 92.00 | 45.00 | -32.00 | 78.00 | 22.00 |
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 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 34.00 | 41.00 | 46.00 | 35.00 | 37.00 | 54.00 | 64.00 | 78.00 | 100.00 | 129.00 | 100.00 | 67.00 |
| Inventory Days | 35.00 | 38.00 | 28.00 | 25.00 | 18.00 | 24.00 | 16.00 | 23.00 | 43.00 | 29.00 | 13.00 | 22.00 |
| Days Payable | 44.00 | 50.00 | 47.00 | 36.00 | 15.00 | 17.00 | 24.00 | 6.00 | 16.00 | 4.00 | 3.00 | 14.00 |
| Cash Conversion Cycle | 24.00 | 29.00 | 26.00 | 25.00 | 40.00 | 62.00 | 56.00 | 95.00 | 126.00 | 154.00 | 110.00 | 75.00 |
| Working Capital Days | -12.00 | 0.00 | 0.00 | 14.00 | 13.00 | 22.00 | 20.00 | 49.00 | 55.00 | 70.00 | 36.00 | 19.00 |
| ROCE % | 8.00 | 17.00 | 20.00 | 23.00 | 22.00 | 20.00 | 17.00 | 14.00 | 12.00 | 13.00 | 15.00 | 16.00 |
Corporate Actions
14 records| Action | Ex Date | Record Date | Ratio | Amount (₹) | Notes |
|---|---|---|---|---|---|
| Dividend | 16 Sep 2025 | 16 Sep 2025 | — | 3.30 | |
| Dividend | 06 Sep 2024 | — | — | 3.00 | |
| Dividend | 08 Sep 2023 | — | — | 2.50 | |
| Dividend | 22 Sep 2022 | — | — | 2.00 | |
| Dividend | 22 Sep 2021 | — | — | 1.80 | |
| Dividend | 22 Sep 2020 | — | — | 1.50 | |
| Dividend | 20 Sep 2019 | — | — | 1.80 | |
| Dividend | 19 Sep 2018 | — | — | 1.50 | |
| Dividend | 22 Sep 2017 | — | — | 1.50 | |
| Dividend | 14 Sep 2016 | — | — | 1.50 | |
| Dividend | 22 Sep 2015 | — | — | 1.50 | |
| Dividend | 19 Sep 2014 | — | — | 1.40 | |
| Dividend | 18 Sep 2013 | — | — | 1.20 | |
| Dividend | 22 Sep 2011 | — | — | 1.00 |
Announcements
5 filingsShareholding Pattern
Open on BSEFinancial Results — Filings
Open on BSEBoard Filings
Open on BSEAnnual Reports
Credit Ratings
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Rating update10 Mar from crisil
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Rating update10 Dec 2024 from crisil
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Rating update13 Feb 2024 from crisil
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Rating update3 Jan 2023 from crisil
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Rating update16 Nov 2021 from care
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Rating update7 Oct 2021 from crisil