Aaron Industries (AARON)₹140.87+0.83%Industrial Products
In the Mar 2026 quarter (standalone), Aaron Industries reported sales of ₹27.45 Cr, up 13.5% from Mar 2025, and net profit of ₹2.31 Cr, down 15.7% year on year. For the year to Mar 2026, sales were ₹92.40 Cr and net profit ₹6.78 Cr.
Company filings, standalone accounts; latest reported quarter Mar 2026
| Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 15.57 | 14.06 | 14.66 | 19.16 | 17.25 | 18.37 | 18.38 | 24.19 | 19.31 | 22.32 | 23.27 | 27.45 |
| Expenses | 12.75 | 11.84 | 12.11 | 15.46 | 13.92 | 15.10 | 15.07 | 19.09 | 15.59 | 18.13 | 18.39 | 22.27 |
| Operating Profit | 2.79 | 2.18 | 2.53 | 3.64 | 3.31 | 3.22 | 3.28 | 5.05 | 3.67 | 4.13 | 4.85 | 5.09 |
| OPM % | 17.9% | 15.5% | 17.2% | 19.0% | 19.2% | 17.5% | 17.8% | 20.9% | 19.0% | 18.5% | 20.8% | 18.6% |
| Other Income | 0.00 | 0.01 | 0.02 | 0.08 | 0.04 | 0.05 | 0.04 | 0.05 | 0.03 | 0.04 | 0.03 | 0.05 |
| Interest | 0.25 | 0.43 | 0.43 | 0.26 | 0.29 | 0.32 | 0.34 | 0.42 | 0.69 | 0.70 | 0.65 | 0.59 |
| Depreciation | 0.32 | 0.34 | 0.35 | 0.38 | 0.43 | 0.45 | 0.45 | 0.44 | 0.93 | 0.98 | 0.99 | 0.94 |
| Profit before tax | 2.23 | 1.43 | 1.78 | 3.09 | 2.60 | 2.49 | 2.50 | 4.25 | 2.09 | 2.48 | 3.25 | 3.60 |
| Tax % | 28.0% | 15.6% | 32.3% | 24.7% | 28.5% | 27.7% | 28.4% | 35.2% | 49.1% | 44.3% | 38.0% | 35.8% |
| Net Profit | 1.60 | 1.19 | 1.19 | 2.32 | 1.86 | 1.81 | 1.79 | 2.74 | 1.05 | 1.38 | 2.01 | 2.31 |
| EPS (Rs) | 0.81 | 0.58 | 0.58 | 1.12 | 0.90 | 0.88 | 0.87 | 1.33 | 0.52 | 0.67 | 0.97 | 1.12 |
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 3.32 | 4.81 | 11.81 | 17.62 | 21.47 | 25.04 | 37.85 | 56.02 | 63.49 | 78.19 | 92.40 | 92.35 |
| Expenses | 3.18 | 4.56 | 10.22 | 15.53 | 18.38 | 21.53 | 31.94 | 46.37 | 52.15 | 63.14 | 74.28 | 74.38 |
| Operating Profit | 0.15 | 0.26 | 1.57 | 2.05 | 3.06 | 3.48 | 5.87 | 9.55 | 11.14 | 14.86 | 17.84 | 17.74 |
| OPM % | 4.2% | 5.2% | 13.3% | 11.6% | 14.3% | 13.9% | 15.5% | 17.1% | 17.6% | 19.1% | 19.3% | 19.2% |
| Other Income | 0.00 | 0.00 | 0.01 | 0.02 | 0.12 | 0.05 | 0.05 | 0.05 | 0.13 | 0.18 | 0.09 | 0.15 |
| Interest | 0.09 | 0.18 | 0.15 | 0.30 | 0.60 | 0.45 | 0.18 | 1.02 | 1.35 | 1.37 | 2.60 | 2.63 |
| Depreciation | 0.00 | 0.00 | 0.09 | 0.19 | 0.54 | 0.62 | 0.84 | 1.14 | 1.41 | 1.80 | 3.87 | 3.84 |
| Profit before tax | 0.05 | 0.06 | 1.33 | 1.57 | 2.03 | 2.47 | 4.87 | 7.43 | 8.51 | 11.87 | 11.41 | 11.42 |
| Tax % | 33.4% | 28.6% | 29.9% | 32.4% | 29.3% | 21.6% | 23.8% | 27.4% | 25.6% | 30.6% | 40.6% | — |
| Exceptional items | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | −0.03 | −0.07 | — |
| Net Profit | 0.03 | 0.04 | 0.92 | 1.05 | 1.41 | 1.92 | 3.70 | 5.38 | 6.31 | 8.21 | 6.78 | 6.75 |
| EPS (Rs) | 0.45 | 0.57 | 1.17 | 0.54 | 0.72 | 0.97 | 1.86 | 2.70 | 3.04 | 3.95 | 3.26 | 3.28 |
| Dividend payout % | 0.0% | 0.0% | 0.0% | 0.0% | 22.3% | 31.3% | 21.7% | 18.6% | 16.6% | 15.3% | 15.4% | — |
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 0.20 | 0.20 | 1.89 | 4.79 | 5.27 | 10.05 | 10.04 | 10.06 | 10.47 | 10.48 | 20.99 |
| Reserves | 0.04 | 0.09 | 1.65 | 4.58 | 5.53 | 2.12 | 5.84 | 10.43 | 25.34 | 32.51 | 27.64 |
| Borrowings | 1.16 | 1.34 | 1.06 | 5.28 | 5.22 | 7.07 | 9.15 | 11.38 | 31.57 | 31.90 | 27.80 |
| Other Liabilities | 0.81 | 0.93 | 2.36 | 2.86 | 3.09 | 2.50 | 4.64 | 6.81 | 7.23 | 7.90 | 14.75 |
| Total Liabilities | 2.21 | 2.56 | 6.96 | 17.51 | 19.11 | 21.74 | 29.67 | 38.68 | 74.61 | 82.79 | 91.18 |
| Fixed Assets | 0.11 | 0.13 | 1.46 | 8.73 | 9.31 | 12.91 | 14.88 | 18.96 | 24.39 | 24.93 | 55.44 |
| CWIP | 0.00 | 0.00 | 0.00 | 0.00 | 0.35 | 0.49 | 0.75 | 0.40 | 26.89 | 32.51 | 0.00 |
| Investments | 0.00 | 0.00 | 0.00 | 0.05 | 0.23 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Assets | 2.10 | 2.43 | 5.50 | 8.73 | 9.22 | 8.34 | 14.04 | 19.32 | 23.33 | 25.35 | 35.74 |
| Inventories | 1.18 | 1.49 | 3.30 | 4.59 | 5.56 | 6.13 | 7.10 | 14.48 | 16.39 | 15.98 | 24.41 |
| Trade receivables | 0.75 | 0.69 | 1.55 | 1.83 | 2.50 | 1.72 | 2.44 | 2.53 | 3.52 | 5.21 | 7.00 |
| Cash & equivalents | 0.07 | 0.03 | 0.02 | 0.39 | 0.14 | 0.12 | 0.30 | 0.93 | 2.55 | 2.56 | 3.15 |
| Total Assets | 2.21 | 2.56 | 6.96 | 17.51 | 19.11 | 21.74 | 29.67 | 38.68 | 74.61 | 82.79 | 91.18 |
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operating activity | −0.92 | −0.07 | −0.48 | −0.16 | 1.41 | 3.28 | 1.18 | 4.08 | 5.61 | 8.64 | 7.68 |
| Cash from investing activity | −0.01 | −0.02 | −1.50 | −7.70 | −1.49 | −4.27 | −3.07 | −4.83 | −33.21 | −7.86 | −1.71 |
| Cash from financing activity | 0.92 | 0.02 | 1.96 | 8.23 | −0.64 | 0.99 | 1.90 | 0.77 | 27.65 | −0.71 | −6.06 |
| Net cash flow | 0.00 | −0.07 | −0.02 | 0.39 | −0.77 | −0.03 | 0.02 | 0.02 | 0.05 | 0.05 | −0.13 |
| Capex | 0.04 | 0.05 | 1.44 | 7.47 | 1.51 | 4.64 | 3.10 | 4.88 | 33.35 | 8.00 | 1.92 |
| Free cash flow | −0.93 | −0.09 | −1.89 | −7.60 | −0.09 | −1.35 | −1.91 | −0.79 | −27.72 | 0.63 | 5.75 |
| CFO / OP % | −643.0% | −16.0% | −7.0% | 8.0% | 57.0% | 106.1% | 36.0% | 60.0% | 67.0% | 74.0% | 58.0% |
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor days | 85 | 54 | 49 | 39 | 44 | 26 | 25 | 18 | 21 | 25 | 29 |
| Inventory days | 239 | 180 | 172 | 156 | 150 | 139 | 104 | 142 | 148 | 119 | 157 |
| Days payable | 156 | 94 | 97 | 56 | 43 | 23 | 34 | 40 | 25 | 24 | 51 |
| Cash conversion cycle | 168 | 141 | 125 | 141 | 152 | 144 | 96 | 121 | 145 | 122 | 136 |
| Working capital days | 120 | 91 | 78 | 78 | 63 | 48 | 61 | 43 | 28 | 14 | 26 |
| ROCE % | — | 15.9% | 47.6% | 19.3% | 17.0% | 16.5% | 22.7% | 29.6% | 19.8% | 18.5% | 18.6% |
For the Mar 2026 quarter, Aaron Industries reported sales of ₹27.45 Cr, up 13.5% year on year and net profit of ₹2.31 Cr, down 15.7% year on year. The operating margin was 18.6%.
Aaron Industries' sales for the year to Mar 2026 were ₹92.40 Cr; over the last twelve months they were ₹92.35 Cr.
Net profit for the year to Mar 2026 was ₹6.78 Cr, and ₹6.75 Cr over the last twelve months. Earnings per share over the same trailing period were ₹3.28.
Aaron Industries reported borrowings of ₹27.80 Cr at Mar 2026, against cash and equivalents of ₹3.15 Cr.
Cash from operations was ₹7.68 Cr in the year to Mar 2026; after capital spending, free cash flow was ₹5.75 Cr.