Aaron Industries Ltd. (IN:AARON)
:AARON
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Aaron Industries Ltd.
(AARON)
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Rating:57Neutral
Price Target:
₹125.00
▼(-26.69% Downside)
Action:Reiterated
Date:05/28/26
The score is anchored by solid underlying fundamentals (strong revenue growth and improving leverage), but is held back by weakening 2026 margin performance and uneven cash-flow history. Technicals are a clear near-term headwind (price below key moving averages with negative MACD), and valuation is not especially supportive given the elevated P/E and low dividend yield.
Positive Factors
Revenue Growth
Sustained multi-year revenue scaling to 920M demonstrates durable demand expansion and commercial traction. A larger revenue base supports operating leverage, creates capacity to invest in product and capacity, and reduces reliance on single-period performance for multi-quarter resilience.
Negative Factors
Net Margin Compression
Net income falling while revenue rose suggests structural cost pressure or adverse mix that erodes bottom-line conversion. Persistent margin deterioration would reduce retained earnings, weaken return metrics and constrain reinvestment or debt reduction over multiple quarters.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Growth
Sustained multi-year revenue scaling to 920M demonstrates durable demand expansion and commercial traction. A larger revenue base supports operating leverage, creates capacity to invest in product and capacity, and reduces reliance on single-period performance for multi-quarter resilience.
Read all positive factors
Aaron Industries Ltd. (AARON) vs. iShares MSCI India ETF (INDA)
Market Cap
₹2.42B
Dividend Yield0.33%
Average Volume (3M)31.88K
Price to Earnings (P/E)34.9
Beta (1Y)0.46
Revenue Growth18.06%
EPS Growth-16.99%
CountryIN
Employees158
SectorConsumer Defensive
Sector Strength42
IndustryIndustrial - Machinery
Share Statistics
EPS (TTM)4.72
Shares Outstanding20,946,478
10 Day Avg. Volume28,614
30 Day Avg. Volume31,881
Financial Highlights & Ratios
PEG Ratio-1.97
Price to Book (P/B)4.67
Price to Sales (P/S)2.47
P/FCF Ratio38.13
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Aaron Industries Ltd. Business Overview & Revenue Model
Company Description
Aaron Industries Limited manufactures and sells elevators and elevator parts in India. The company operates through Elevator, Electrical, and Steel Polishing Divisions. It offers elevator cabins, doors and frame, elevator parts, etc.; and auto doo...
Aaron Industries Ltd. Financial Statement Overview
Summary
Income Statement
72
Positive
Balance Sheet
66
Positive
Cash Flow
58
Neutral
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 839.28M | 920.05M | 779.30M | 631.81M | 558.50M | 377.29M |
| Gross Profit | 250.85M | 214.94M | 191.47M | 210.33M | 176.90M | 114.00M |
| EBITDA | 162.91M | 176.87M | 150.32M | 111.66M | 96.54M | 59.03M |
| Net Income | 70.06M | 67.97M | 82.43M | 63.31M | 54.04M | 37.09M |
Balance Sheet | ||||||
| Total Assets | 873.83M | 911.78M | 828.24M | 746.79M | 387.62M | 297.02M |
| Cash, Cash Equivalents and Short-Term Investments | 26.24M | 31.61M | 1.31M | 870.00K | 479.00K | 348.00K |
| Total Debt | 320.42M | 277.48M | 318.57M | 315.62M | 113.73M | 91.54M |
| Total Liabilities | 431.50M | 425.66M | 397.94M | 388.37M | 182.83M | 138.13M |
| Stockholders Equity | 442.33M | 486.12M | 430.30M | 358.43M | 204.79M | 158.89M |
Cash Flow | ||||||
| Free Cash Flow | 10.29M | 59.57M | 7.80M | -277.39M | -7.99M | -19.19M |
| Operating Cash Flow | 20.35M | 78.64M | 87.69M | 56.04M | 40.71M | 11.74M |
| Investing Cash Flow | -9.14M | -19.11M | -80.04M | -332.58M | -48.36M | -30.75M |
| Financing Cash Flow | -11.97M | -60.72M | -7.21M | 276.94M | 7.78M | 19.14M |
Aaron Industries Ltd. Technical Analysis
Negative
170.51
Price Trends
132.46
Negative
144.65
Negative
168.96
Negative
Market Momentum
-5.23
Positive
29.86
Positive
16.08
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:AARON, the sentiment is Negative. The current price of 170.51 is above the 20-day moving average (MA) of 124.81, above the 50-day MA of 132.46, and above the 200-day MA of 168.96, indicating a bearish trend. The MACD of -5.23 indicates Positive momentum. The RSI at 29.86 is Positive, neither overbought nor oversold. The STOCH value of 16.08 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:AARON.
Aaron Industries Ltd. Peers Comparison
UnderperformOutperform
Sector (62)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
62 Neutral | $20.33B | 14.63 | -3.31% | 3.23% | 1.93% | -12.26% | |
57 Neutral | ₹2.42B | 34.87 | ― | 0.33% | 18.06% | -16.99% | |
56 Neutral | ₹2.49B | 8.21 | ― | 1.02% | -3.86% | -16.79% | |
49 Neutral | ₹14.54B | -19.45 | ― | ― | -11.61% | -2328.90% | |
47 Neutral | ₹2.71B | -10.25 | ― | 1.22% | -3.21% | -121.28% | |
41 Neutral | ₹2.00B | 605.16 | ― | 0.59% | -10.69% | -91.35% |
* Consumer Defensive Sector Average
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Aaron Industries Ltd. Corporate Events
Aaron Industries Closes Trading Window Ahead of FY26 Results
Mar 23, 2026
Aaron Industries Ltd. has announced that its trading window for company securities will be closed to promoters, directors, key managerial personnel, designated persons and their immediate relatives from April 1, 2026, until 48 hours after the decl...
Aaron Industries Schedules Virtual Analyst and Investor Meeting on March 13
Mar 6, 2026
Aaron Industries Ltd. has scheduled a virtual one-on-one meeting with analysts and institutional investors on March 13, 2026, at 3:00 p.m. IST. The company stated that the interaction will be limited to publicly available information and will not ...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.