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Ambica Agarbathies & Aroma Industries Ltd.
(AMBICAAGAR)
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Rating:57Neutral
Price Target:
₹24.00
▼(-4.61% Downside)
Action:Reiterated
Date:09/06/26
The score is held back primarily by weak recent cash generation (negative operating and free cash flow in FY2025–FY2026) and rising leverage despite improved FY2026 profitability. Offsetting this, technicals are supportive with the stock trading above major moving averages and positive momentum, while valuation appears moderate at a 16.391 P/E.
Positive Factors
Revenue resilience
The return to approximately 7% revenue growth indicates that demand for the company’s agarbathies and aroma products remained resilient after a weaker year. Sustained sales recovery would improve operating leverage, support distribution activity, and provide a foundation for more consistent earnings.
Negative Factors
Weak cash generation
Negative operating and free cash flow despite reported FY2026 profitability signals weak earnings conversion into cash. If this persists, the company may have less internally generated funding for working capital, investment, and debt service, increasing dependence on financing.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue resilience
The return to approximately 7% revenue growth indicates that demand for the company’s agarbathies and aroma products remained resilient after a weaker year. Sustained sales recovery would improve operating leverage, support distribution activity, and provide a foundation for more consistent earnings.
Read all positive factors
Ambica Agarbathies & Aroma Industries Ltd. (AMBICAAGAR) vs. iShares MSCI India ETF (INDA)
Market Cap
₹395.42M
Dividend YieldN/A
Average Volume (3M)10.14K
Price to Earnings (P/E)13.8
Beta (1Y)1.07
Revenue Growth3.70%
EPS Growth574.64%
CountryIN
Employees275
SectorGeneral
Sector StrengthN/A
IndustryHousehold & Personal Products
Share Statistics
EPS (TTM)1.66
Shares Outstanding17,177,400
10 Day Avg. Volume7,843
30 Day Avg. Volume10,140
Financial Highlights & Ratios
PEG Ratio0.02
Price to Book (P/B)0.31
Price to Sales (P/S)0.25
P/FCF Ratio-2.76
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
Ambica Agarbathies & Aroma Industries Ltd. Business Overview & Revenue Model
Company Description
Ambica Agarbathies Aroma & Industries Limited, established in Chennai, India, in 1946, specializes in the global production and distribution of incense sticks. The company operates through two primary segments: its Agarbathies Division and its Hot...
How the Company Makes Money
The company makes money primarily by manufacturing and selling agarbathies (incense sticks) and other aroma/fragrance-related products, generating revenue from product sales to trade channels and end customers. Its earnings are driven by (1) volum...
Ambica Agarbathies & Aroma Industries Ltd. Financial Statement Overview
Summary
Income Statement
62
Positive
Balance Sheet
58
Neutral
Cash Flow
28
Negative
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 1.36B | 1.41B | 1.24B | 978.47M | 1.17B | 1.16B |
| Gross Profit | 309.92M | 305.80M | 295.65M | 260.88M | 178.50M | 209.19M |
| EBITDA | 157.75M | 186.28M | 155.52M | 98.85M | 134.31M | 153.74M |
| Net Income | 34.17M | 34.47M | 4.89M | -36.62M | 25.28M | 24.01M |
Balance Sheet | ||||||
| Total Assets | 0.00 | 2.45B | 2.24B | 2.11B | 2.04B | 2.19B |
| Cash, Cash Equivalents and Short-Term Investments | 2.83M | 2.83M | 571.73M | 14.28M | 11.21M | 16.24M |
| Total Debt | 0.00 | 958.13M | 822.18M | 673.21M | 628.24M | 635.79M |
| Total Liabilities | -1.13B | 1.32B | 1.14B | 1.10B | 988.69M | 1.17B |
| Stockholders Equity | 1.13B | 1.13B | 1.09B | 1.01B | 1.05B | 1.02B |
Cash Flow | ||||||
| Free Cash Flow | 77.01M | -127.68M | -148.79M | 13.60M | 64.44M | 158.03M |
| Operating Cash Flow | 80.17M | -120.54M | -60.87M | 45.22M | 83.01M | 160.36M |
| Investing Cash Flow | -33.68M | -5.78M | -86.72M | 17.55M | -18.56M | -2.33M |
| Financing Cash Flow | -49.61M | 113.66M | 148.82M | -59.71M | -69.47M | -167.31M |
Ambica Agarbathies & Aroma Industries Ltd. Technical Analysis
Negative
25.16
Price Trends
24.68
Negative
24.57
Negative
24.39
Negative
Market Momentum
-0.45
Positive
39.58
Neutral
7.97
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:AMBICAAGAR, the sentiment is Negative. The current price of 25.16 is above the 20-day moving average (MA) of 24.47, above the 50-day MA of 24.68, and above the 200-day MA of 24.39, indicating a bearish trend. The MACD of -0.45 indicates Positive momentum. The RSI at 39.58 is Neutral, neither overbought nor oversold. The STOCH value of 7.97 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:AMBICAAGAR.
Ambica Agarbathies & Aroma Industries Ltd. Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
74 Outperform | ₹162.37B | 21.54 | ― | 3.78% | 2.82% | -8.52% | |
72 Outperform | ₹492.21B | 358.92 | ― | 1.24% | 121.66% | 188.33% | |
69 Neutral | ₹69.02B | 24.28 | ― | 1.86% | 3.85% | -22.29% | |
65 Neutral | ₹684.92B | 34.72 | ― | 2.14% | 7.40% | 10.63% | |
59 Neutral | ₹880.09B | 45.99 | ― | 2.31% | 9.22% | 3.19% | |
57 Neutral | ₹395.42M | 13.82 | ― | ― | 3.70% | 574.64% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
* General Sector Average
IN:AMBICAAGAR
Ambica Agarbathies & Aroma Industries Ltd.
23.02
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-10.08%
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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.