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Aaron Industries

AARON NSE
₹134.06 No trade today
P/E
33.94
View as Markdown
MCP
Close 4 Nov 2026 ₹134.06 −66.20 −33.1% 1Y
Start ₹200.26

Key Fundamentals

MicrocapIndustrial ManufacturingCapital Goods

Price-based figures as of · EPS basis: Standalone · TTM

ROCE
18.70%
Debt to Equity
0.57
EPS (TTM)
₹3.95
Book Value
₹25.24
Market Cap
—
P/E (TTM)
33.94
P/B
5.31
ROE
15.00%
Dividend Yield
0.37%
EBITDA
₹17.90 Cr
52W High
₹209.59
52W Low
₹106.80
Volume
0

Peer Comparison

Industrials › Capital Goods › Industrial Products

Aaron Industries peer comparison
Indo-MIM
₹1,240.10106.91₹59,516 Cr18.470.55%23.40%25.00%₹3,482 Cr₹562 Cr
Aditya Infotech
₹3,999.8098.59₹46,234 Cr14.530.04%25.40%28.60%₹4,883 Cr₹477 Cr
Syrma SGS
₹1,512.6079.19₹28,543 Cr9.590.10%14.00%16.80%₹5,464 Cr₹401 Cr
Honeywell Automation
₹29,810.0047.82₹25,976 Cr5.650.38%12.60%17.00%₹4,703 Cr₹552 Cr
Jyoti CNC Automation
₹1,034.9573.19₹22,990 Cr11.010.00%18.20%21.30%₹2,191 Cr₹323 Cr
Kaynes Technology India
₹3,330.0064.57₹21,957 Cr4.710.00%8.69%12.70%₹3,899 Cr₹345 Cr
LMW
₹17,358.00106.09₹18,108 Cr6.100.21%4.05%5.58%₹3,374 Cr₹176 Cr
Aaron Industries (this company)
₹134.0633.94₹281 Cr5.310.37%15.00%18.70%₹97 Cr₹8 Cr
Median 8 companies₹2,421.3076.19₹24,483 Cr7.850.16%14.50%17.85%₹3,690 Cr₹373 Cr

Comparable companies in the same industry. Market cap, P/E and P/B use the latest price; other metrics are as reported in filings. A dash means the figure is not published for that company.

Tapetide Score

Data-driven rating, 0–100, as of . How it works →

Overall score

56 Good

Data confidence 100/100

Category scores

Quality
77
Strong
Returns, margins, earnings quality 22% weight
Valuation
33
Poor
Cheap vs sector & own history 24% weight
Growth
71
Strong
Sales & profit trajectory 9% weight
Financial Health
67
Strong
Solvency, leverage, coverage 9% weight
Momentum
61
Good
Trend strength, vol-adjusted 12% weight
Ownership
50
Average
FII/DII/promoter flows 24% weight

The Tapetide Score is data analysis, not investment advice. Tapetide is not a SEBI-registered research analyst or investment adviser.

Technical Indicators

Technical signals: verdict and indicator counts
GroupSignalBearishNeutralBullish
OverallStrong Bullish3610
OscillatorsBullish162
Moving AveragesStrong Bullish208

Key readings

RSI (14)
59.76
Neutral
MACD (12,26,9)
1.74
Bullish
SMA (50)
127.04
Bullish
SMA (200)
134.60
Bearish

As of

Growth Rate

From the financial statements below. 10Y, 5Y, 3Y: compound annual growth to Mar 2026; 1Y: fiscal year to Mar 2026 against Mar 2025; TTM: four quarters to Jun 2026 against Jun 2025.

Revenue

Revenue growth by window
10Y+39.44%
5Y+29.81%
3Y+18.11%
1Y+18.07%
TTM+21.56%

Net profit

Net profit growth by window
10Y+67.13%
5Y+28.64%
3Y+7.99%
1Y−17.48%
TTM+11.57%

Operating cash flow

Operating cash flow growth by window
10YTurned positive
5Y+18.59%
3Y+23.52%
1Y−11.12%
TTM—

TTM: Reported once a year, so there is no trailing-twelve-month figure.

Operating margin· change in pp

Operating margin growth by window
10Y+15.10 pp
5Y+5.43 pp
3Y+2.25 pp
1Y+0.29 pp
TTM+0.54 pp

Revenue by year

Revenue by year, ₹ crore
Mar 2017₹4.80 Cr
Mar 2018₹11.77 Cr
Mar 2019₹17.55 Cr
Mar 2020₹21.40 Cr
Mar 2021₹24.96 Cr
Mar 2022₹37.74 Cr
Mar 2023₹55.85 Cr
Mar 2024₹63.23 Cr
Mar 2025₹77.93 Cr
Mar 2026₹92.01 Cr

Net profit by year

Net profit by year, ₹ crore
Mar 2017₹0.05 Cr
Mar 2018₹0.93 Cr
Mar 2019₹1.06 Cr
Mar 2020₹1.42 Cr
Mar 2021₹1.93 Cr
Mar 2022₹3.71 Cr
Mar 2023₹5.40 Cr
Mar 2024₹6.33 Cr
Mar 2025₹8.24 Cr
Mar 2026₹6.80 Cr

Quarterly Results

₹ Cr
AARON quarterly results, ₹ crore
Particulars Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
Sales
15.52
14
14.62
19.08
17.19
18.29
18.33
24.11
19.24
22.24
23.2
27.33
24.44
27.12
Expenses
12.74
11.83
12.1
15.45
13.89
15.08
15.06
19.07
15.58
18.12
18.36
22.25
19.5
21.69
Operating Profit
2.78
2.17
2.52
3.63
3.3
3.21
3.27
5.04
3.66
4.12
4.84
5.08
4.94
5.43
OPM %
17.91%
15.5%
17.24%
19.03%
19.2%
17.55%
17.84%
20.9%
19.02%
18.53%
20.86%
18.59%
20.21%
20.02%
Other Income
0.01
0.02
0.03
0.09
0.05
0.06
0.05
0.06
0.04
0.05
0.04
0.06
0.05
—
Interest
0.24
0.42
0.42
0.25
0.3
0.31
0.35
0.41
0.68
0.69
0.64
0.58
0.52
0.6
Depreciation
0.33
0.35
0.36
0.39
0.44
0.46
0.46
0.45
0.94
0.99
1
0.95
1
1.02
PBT
2.23
1.42
1.77
3.08
2.61
2.5
2.51
4.24
2.08
2.49
3.24
3.61
3.46
3.86
Tax %
27.93%
15.49%
32.2%
24.68%
28.35%
27.6%
28.29%
35.14%
49.04%
44.18%
37.96%
35.73%
25.94%
25.39%
Net Profit
1.61
1.2
1.2
2.33
1.87
1.82
1.8
2.75
1.06
1.39
2.02
2.32
2.56
2.88
EPS (₹)
0.8
0.57
0.57
1.11
0.89
0.87
0.86
1.32
0.51
0.66
0.96
1.11
1.22
—

Sep 2026: from the results filed on 30 Oct 2026, ahead of the full statement, so some rows are blank.

Profit & Loss

₹ Cr
AARON profit and loss, annual, ₹ crore
Particulars Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales
3.31
4.8
11.77
17.55
21.4
24.96
37.74
55.85
63.23
77.93
92.01
97.21
Expenses
3.17
4.55
10.21
15.51
18.35
21.49
31.88
46.31
52.11
63.09
74.22
78.23
Operating Profit
0.14
0.25
1.56
2.04
3.05
3.47
5.86
9.54
11.12
14.84
17.79
18.98
OPM %
4.23%
5.21%
13.25%
11.62%
14.25%
13.9%
15.53%
17.08%
17.59%
19.04%
19.33%
19.52%
Other Income
0.01
0
0.02
0.03
0.11
0.06
0.04
0.06
0.14
0.19
0.1
0.2
Interest
0.08
0.17
0.14
0.29
0.59
0.44
0.19
1.01
1.34
1.36
2.59
2.43
Depreciation
0.01
0.01
0.1
0.2
0.55
0.63
0.85
1.15
1.42
1.81
3.88
3.94
PBT
0.06
0.07
1.34
1.58
2.02
2.46
4.86
7.44
8.5
11.86
11.42
12.81
Tax %
33.33%
28.57%
29.85%
32.28%
29.21%
21.54%
23.66%
27.28%
25.53%
30.52%
40.54%
—
Net Profit
0.04
0.05
0.93
1.06
1.42
1.93
3.71
5.4
6.33
8.24
6.8
8.29
EPS (₹)
0.15
0.19
0.62
0.53
0.71
0.96
1.85
2.69
3.03
3.94
3.25
3.95
Div. Payout %
0%
0%
0%
0%
22.23%
31.21%
21.65%
18.59%
16.54%
15.25%
15.4%
—

Balance Sheet

₹ Cr
AARON balance sheet, annual, ₹ crore
Particulars Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
0.19
0.19
1.88
4.78
5.26
10.04
10.04
10.04
10.47
10.47
20.95
Reserves
0.05
0.1
1.66
4.59
5.54
2.13
5.85
10.44
25.37
32.56
27.67
Borrowings
1.15
1.33
1.05
5.27
5.21
7.07
9.15
11.37
31.56
31.86
27.74
Other Liabilities
0.82
0.94
2.37
2.87
3.1
2.51
4.66
6.85
7.27
7.94
14.82
Total Liabilities
2.21
2.56
6.96
17.51
19.11
21.75
29.7
38.7
74.67
82.83
91.18
Fixed Assets
0.1
0.12
1.45
8.71
9.29
12.88
14.85
18.92
24.35
24.88
55.33
CWIP
0
0
0
0
0.36
0.5
0.76
0.41
26.9
32.52
0
Investments
0
0
0
0.04
0.22
0
0
0
0
0
0
Other Assets
2.11
2.44
5.51
8.76
9.24
8.37
14.09
19.37
23.42
25.43
35.85
Total Assets
2.21
2.56
6.96
17.51
19.11
21.75
29.7
38.7
74.67
82.83
91.18

Cash Flow

₹ Cr
AARON cash flow, annual, ₹ crore
Particulars Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
−0.91
−0.06
−0.47
−0.15
1.4
3.27
1.17
4.07
5.6
8.63
7.67
Investing
−0.02
−0.03
−1.51
−7.71
−1.5
−4.28
−3.08
−4.84
−33.26
−7.87
−1.72
Financing
0.93
0.03
1.97
8.24
−0.65
1
1.91
0.78
27.69
−0.72
−6.07
Net Cash Flow
0
−0.06
−0.01
0.38
−0.76
−0.02
0.01
0.01
0.04
0.04
−0.12
Free Cash Flow
−0.94
−0.1
−1.9
−7.61
−0.1
−1.36
−1.92
−0.8
−27.74
0.64
5.76
CFO/EBITDA
−643
−16
−7
8
57
106
36
60
67
74
58

Ratios

AARON financial ratios, annual
Particulars Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days
83.81
53.23
48.38
38.27
42.81
25.3
23.7
16.6
20.38
24.45
27.81
Inventory Days
240
181
173
158
151
140
105
143
149
120
158
Days Payable
155
92.76
95.94
55.13
42.16
21.79
32.89
38.57
24.24
22.87
49.52
Cash Conversion Cycle
169
141
125
141
152
144
95.66
121
145
122
136
Working Capital Days
120
91.25
77.84
77.58
63.11
47.53
61.22
42.81
28.17
13.63
25.79
ROCE %
—
15.95%
47.67%
19.34%
17.03%
16.51%
22.81%
29.71%
19.83%
18.62%
18.66%

Insights

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

Log in to view Aaron Industries insights

58 extracted metrics across FY16–FY27.

Shareholding Pattern

As of Sep 2026

  • Promoters 73.11%
  • Public 24.97%
  • Others 1.92%

No promoter shares pledged as of 14 Oct 2026

Change vs previous quarter

Documents

Frequently Asked Questions about Aaron Industries

What does Aaron Industries Ltd do?
Incorporated in 2013, Aaron Industries Ltd manufactures Elevators and Elevators parts and Stainless -Steel press plates
Where is Aaron Industries Ltd (AARON) listed?
Aaron Industries Ltd trades as AARON on the NSE.
Which sector does Aaron Industries Ltd belong to?
Aaron Industries Ltd is classified under the Capital Goods sector, in the Industrial Products industry.
What is the PE ratio of Aaron Industries Ltd?
Aaron Industries Ltd trades at a PE ratio of 33.94 as of 4 Nov 2026, on earnings per share of ₹3.95, against a book value of ₹25.24 per share.
What is the 52-week high and low of Aaron Industries Ltd?
Over the last 52 weeks Aaron Industries Ltd has traded between ₹106.8 and ₹209.59 as of 4 Nov 2026.
Does Aaron Industries Ltd pay dividends?
Aaron Industries Ltd has a dividend yield of 0.37%.
What is the Return on Equity (ROE) of Aaron Industries Ltd?
Aaron Industries Ltd reported a return on equity of 15.00%. Its debt-to-equity ratio is 0.57.

Company Information

Incorporated in 2013, Aaron Industries Ltd manufactures Elevators and Elevators parts and Stainless -Steel press plates

Website aaronindustries.net
CEO Mr. Amar Chinubhai Doshi
Employees 192
Listed 6 Nov 2020
Face Value ₹10

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