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Agarwal Industrial Corporation Limited
(AGARIND)
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Rating:54Neutral
Price Target:
₹352.00
▼(-50.77% Downside)
Action:Reiterated
Date:10/22/26
Overall score reflects mixed fundamentals but poor price action: financial performance is mid-range with improving leverage and a 2026 cash-flow rebound, yet recent revenue and net margin compression raise volatility risk. The largest drag is technical weakness (price below all key DMAs with bearish momentum). Valuation is supportive (P/E ~12.5) but the low dividend yield limits downside support.
Positive Factors
Integrated petroleum marketing and logistics model
Combining product marketing with transportation services gives Agarwal Industrial multiple ways to earn from the same petroleum flows. This integrated model can support customer convenience, improve logistics utilization, and provide a durable operating base tied to infrastructure and industrial demand.
Negative Factors
Sharp revenue contraction
The latest revenue contraction interrupts the company’s earlier growth trajectory and signals meaningful volatility in volumes, realized pricing, or both. A weaker top line can reduce operating leverage, constrain reinvestment, and make future earnings more sensitive to petroleum and infrastructure demand conditions.
Read all positive and negative factors
Positive Factors
Negative Factors
Integrated petroleum marketing and logistics model
Combining product marketing with transportation services gives Agarwal Industrial multiple ways to earn from the same petroleum flows. This integrated model can support customer convenience, improve logistics utilization, and provide a durable operating base tied to infrastructure and industrial demand.
Read all positive factors
Agarwal Industrial Corporation Limited (AGARIND) vs. iShares MSCI India ETF (INDA)
Market Cap
₹5.16B
Dividend Yield0.96%
Average Volume (3M)1.66K
Price to Earnings (P/E)12.5
Beta (1Y)1.50
Revenue Growth-34.70%
EPS Growth-54.43%
CountryIN
Employees129
SectorGeneral
Sector StrengthN/A
IndustryChemicals - Specialty
Share Statistics
EPS (TTM)29.13
Shares Outstanding14,957,789
10 Day Avg. Volume1,534
30 Day Avg. Volume1,662
Financial Highlights & Ratios
PEG Ratio-0.20
Price to Book (P/B)0.79
Price to Sales (P/S)0.33
P/FCF Ratio6.01
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
Agarwal Industrial Corporation Limited Business Overview & Revenue Model
Company Description
Agarwal Industrial Corporation Limited (AICL) operates primarily in India, specializing in the production and commercialization of petrochemicals. Its business activities are segmented into petrochemicals, transportation services, and power genera...
How the Company Makes Money
AGARIND primarily makes money through (1) selling petroleum-based products and (2) providing logistics/transportation services associated with those products. A key revenue stream is the trading/marketing of products such as bitumen, where the com...
Agarwal Industrial Corporation Limited Financial Statement Overview
Summary
Income Statement
58
Neutral
Balance Sheet
66
Positive
Cash Flow
55
Neutral
| Breakdown | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 16.52B | 24.09B | 21.25B | 20.15B | 15.98B |
| Gross Profit | 3.68B | 5.34B | 2.12B | 1.62B | 1.39B |
| EBITDA | 1.17B | 2.13B | 1.78B | 1.45B | 1.08B |
| Net Income | 435.65M | 1.16B | 1.09B | 922.58M | 636.89M |
Balance Sheet | |||||
| Total Assets | 12.02B | 13.45B | 11.20B | 7.50B | 5.43B |
| Cash, Cash Equivalents and Short-Term Investments | 1.11B | 868.33M | 980.13M | 591.31M | 624.66M |
| Total Debt | 3.41B | 4.35B | 3.61B | 1.58B | 1.71B |
| Total Liabilities | 5.13B | 7.18B | 6.09B | 3.46B | 2.49B |
| Stockholders Equity | 6.89B | 6.27B | 5.11B | 4.04B | 2.95B |
Cash Flow | |||||
| Free Cash Flow | 902.55M | -650.12M | -1.58B | 79.70M | -8.60M |
| Operating Cash Flow | 2.12B | 998.41M | 1.12B | 1.57B | 646.82M |
| Investing Cash Flow | -930.72M | -1.57B | -2.76B | -1.58B | -696.48M |
| Financing Cash Flow | -1.01B | 395.01M | 1.78B | -154.16M | 190.07M |
Agarwal Industrial Corporation Limited Technical Analysis
Negative
714.95
Price Trends
424.60
Negative
465.89
Negative
496.38
Negative
Market Momentum
-21.05
Positive
19.80
Positive
8.89
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:AGARIND, the sentiment is Negative. The current price of 714.95 is above the 20-day moving average (MA) of 379.17, above the 50-day MA of 424.60, and above the 200-day MA of 496.38, indicating a bearish trend. The MACD of -21.05 indicates Positive momentum. The RSI at 19.80 is Positive, neither overbought nor oversold. The STOCH value of 8.89 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:AGARIND.
Agarwal Industrial Corporation Limited Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
62 Neutral | ₹2.81B | 18.29 | ― | 1.51% | 3.55% | -21.35% | |
57 Neutral | ₹20.53B | 28.67 | ― | 0.13% | 27.57% | 135.05% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
54 Neutral | ₹5.16B | 12.55 | ― | 0.96% | -34.70% | -54.43% | |
52 Neutral | ₹9.51B | 66.24 | ― | 0.13% | 0.14% | 58.54% | |
46 Neutral | ₹9.94B | -375.00 | ― | 0.28% | 10.11% | -109.93% |
* General Sector Average
IN:AGARIND
Agarwal Industrial Corporation Limited
335.65
-549.23
-62.07%
IN:BODALCHEM
Bodal Chemicals Limited
148.65
88.02
145.18%
IN:ESTER
Ester Industries Limited
88.95
-24.42
-21.54%
IN:FAIRCHEMOR
Fairchem Organics Ltd
758.10
-0.22
-0.03%
IN:SUDARCOLOR
Heubach Colorants India Limited
342.70
-172.90
-33.53%
IN:PODDARMENT
Poddar Pigments Limited
264.00
-16.21
-5.79%
Agarwal Industrial Corporation Limited Corporate Events
Agarwal Industrial Sets AGM to Approve Results and Dividend
Aug 29, 2026
Agarwal Industrial Corporation Limited operates in the petrochemicals sector, manufacturing and trading bitumen and bituminous products, and providing logistics services for bitumen and LPG. The company also has interests in wind power and is list...
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.