₹116.96
▼ -0.3 -0.26%
17 Jul 2026
NSE Listed
Aaron Industries Limited (AARON)
20-day avg volume: 8K shares
- Pays a dividend yield of 43.0%.
- Company is almost debt-free.
- Revenue fell 33% YoY.
- Stock trades at a high P/E of 104.
| Metric | Jun 2024 | Sept 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sept 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | ₹17 Cr | ₹18 Cr | ₹18 Cr | ₹24 Cr | ₹19 Cr | ₹22 Cr | ₹23 Cr | ₹27 Cr |
| EBITDA | ₹3 Cr | ₹3 Cr | ₹3 Cr | ₹5 Cr | ₹3 Cr | ₹3 Cr | ₹4 Cr | ₹4 Cr |
| Net Profit | ₹2 Cr | ₹2 Cr | ₹2 Cr | ₹3 Cr | ₹1 Cr | ₹1 Cr | ₹2 Cr | ₹2 Cr |
| EPS | — | — | — | — | — | — | — | — |
| Metric | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue | ₹12 Cr | ₹18 Cr | ₹21 Cr | ₹25 Cr | ₹38 Cr | ₹56 Cr | ₹63 Cr | ₹78 Cr |
| EBITDA | ₹1 Cr | ₹2 Cr | ₹3 Cr | ₹3 Cr | ₹5 Cr | ₹8 Cr | ₹10 Cr | ₹13 Cr |
| Net Profit | ₹1 Cr | ₹1 Cr | ₹1 Cr | ₹2 Cr | ₹4 Cr | ₹5 Cr | ₹6 Cr | ₹8 Cr |
| EPS | 3.45 | 2.24 | 1.34 | 1.92 | 3.7 | 5.37 | 6 | 7.86 |
| Metric | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | ₹18 Cr | ₹19 Cr | ₹22 Cr | ₹30 Cr | ₹39 Cr | ₹75 Cr | ₹83 Cr | ₹91 Cr |
| Total Liabilities | ₹8 Cr | ₹8 Cr | ₹10 Cr | ₹14 Cr | ₹18 Cr | ₹39 Cr | ₹40 Cr | ₹43 Cr |
| Equity | ₹9 Cr | ₹11 Cr | ₹12 Cr | ₹16 Cr | ₹20 Cr | ₹36 Cr | ₹43 Cr | ₹49 Cr |
| Total Debt | — | — | — | — | — | — | — | ₹28 Cr |
| Metric | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Operating | ₹4 Cr | ₹2 Cr | ₹7 Cr | ₹9 Cr | ₹12 Cr | ₹8 Cr |
| Investing | ₹-4 Cr | ₹-3 Cr | ₹-5 Cr | ₹-33 Cr | ₹-8 Cr | ₹-2 Cr |
| Financing | ₹1 Cr | ₹2 Cr | ₹1 Cr | ₹28 Cr | ₹-1 Cr | ₹-6 Cr |
| Free Cash Flow | ₹4 Cr | ₹2 Cr | ₹7 Cr | ₹9 Cr | ₹12 Cr | ₹6 Cr |
Industrials · Specialty Industrial Machinery
Aaron Industries Limited engages in the manufacture and sale of elevators and elevator parts in India. The company operates through the Elevator and Steel Polishing segments. The Elevator segment offers the manufacturing and sale of elevator cabins, auto doors, traction machines, and other elevator components. The Steel Polishing segment undertakes stainless steel sheet polishing and finishing operations. The company also offers control panel, mild steel, premium, door operators, manual doors, swing doors, and gearless machines. In addition, the company trades in traction machines. It also exports its products. The company was incorporated in 2013 and is based in Surat, India.
www.aaronindustries.net ↗As of 2026-03-31
Quarterly — figures in %. Latest 12 quarters.
| Period | Dec 2023 | Mar 2024 | Jun 2024 | Sept 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Aug 2025 | Aug 2025 | Sept 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Promoters | 73.1% | 73.1% | 73.1% | 73.1% | 73.1% | 73.1% | 73.1% | 73.1% | 73.1% | 73.1% | 73.1% | 73.1% |
| FIIs | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| DIIs | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Public | 26.9% | 26.9% | 26.9% | 26.9% | 26.9% | 26.9% | 26.9% | 26.9% | 26.9% | 26.9% | 26.9% | 26.9% |
| Promoter Pledge | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| No. of Shareholders | 11,826 | 12,497 | 11,965 | 11,516 | 11,884 | 11,473 | 11,280 | 13,041 | 13,041 | 13,721 | 12,934 | 12,387 |
| Period | ROE | ROCE | ROA | P/E |
|---|---|---|---|---|
| 202503 | — | — | — | — |
| Name | Category | Stake | Shares |
|---|---|---|---|
| Amar Chinubhai Doshi | Shareholding of Promoter and Promoter Group | 25.8% | 53,97,504 |
| Karan Amar Doshi | Shareholding of Promoter and Promoter Group | 13.9% | 29,12,244 |
| Monish Amar Doshi | Shareholding of Promoter and Promoter Group | 13.6% | 28,37,308 |
| Radhika Amar Doshi | Shareholding of Promoter and Promoter Group | 10.6% | 22,24,140 |
| Amar Chinubhai Doshi (huf) | Shareholding of Promoter and Promoter Group | 2.6% | 5,42,582 |
| Monish Amarbhai Doshi (huf) | Shareholding of Promoter and Promoter Group | 1.8% | 3,81,542 |
| Karan Amar Doshi (huf) | Shareholding of Promoter and Promoter Group | 1.4% | 2,94,682 |
| Toral Karan Doshi | Shareholding of Promoter and Promoter Group | 1% | 2,04,154 |
| Bhoomi Doshi | Shareholding of Promoter and Promoter Group | 0.9% | 1,95,334 |
| Rajiv Chandrakant Shah | Shareholding of Promoter and Promoter Group | 0.7% | 1,47,400 |
| Falguni Rajiv Shah | Shareholding of Promoter and Promoter Group | 0.7% | 1,47,400 |
| Kushal Mitesh Jariwala | Shareholding of Promoter and Promoter Group | 0.1% | 21,400 |
| Chinubhai Somabhai Doshi | Shareholding of Promoter and Promoter Group | 0% | 0 |
| Kamlesh Chinubhai Doshi | Shareholding of Promoter and Promoter Group | 0% | 0 |
| Amita Pankaj Parikh | Shareholding of Promoter and Promoter Group | 0% | 0 |
| Elina Karan Doshi | Shareholding of Promoter and Promoter Group | 0% | 0 |
| Shaurya Karan Doshi | Shareholding of Promoter and Promoter Group | 0% | 0 |
| Kabir Monish Doshi | Shareholding of Promoter and Promoter Group | 0% | 0 |
| Aaryan Monish Doshi | Shareholding of Promoter and Promoter Group | 0% | 0 |
| Rajesh Shashikant Shah | Shareholding of Promoter and Promoter Group | 0% | 0 |
| Reshmaben Shirishbhai Shah | Shareholding of Promoter and Promoter Group | 0% | 0 |
| Ankita Rajiv Shah | Shareholding of Promoter and Promoter Group | 0% | 0 |
| Charmi Rajiv Shah | Shareholding of Promoter and Promoter Group | 0% | 0 |
| Mitesh Chandulal Jariwala | Shareholding of Promoter and Promoter Group | 0% | 0 |
| Priti Miteshbhai Jariwala | Shareholding of Promoter and Promoter Group | 0% | 0 |
| Holder | Pledged Shares | % of Holding | As of |
|---|---|---|---|
| Amar Chinubhai Doshi | 0 | 0% | 2026-03-31 |
| Karan Amar Doshi | 0 | 0% | 2026-03-31 |
| Monish Amar Doshi | 0 | 0% | 2026-03-31 |
| Radhika Amar Doshi | 0 | 0% | 2026-03-31 |
| Toral Karan Doshi | 0 | 0% | 2026-03-31 |
| Bhoomi Doshi | 0 | 0% | 2026-03-31 |
| Amar Chinubhai Doshi (huf) | 0 | 0% | 2026-03-31 |
| Karan Amar Doshi (huf) | 0 | 0% | 2026-03-31 |
| Monish Amarbhai Doshi (huf) | 0 | 0% | 2026-03-31 |
| Rajiv Chandrakant Shah | 0 | 0% | 2026-03-31 |
| Falguni Rajiv Shah | 0 | 0% | 2026-03-31 |
| Kushal Mitesh Jariwala | 0 | 0% | 2026-03-31 |
| Name | Designation | Year |
|---|---|---|
| Amar Chinubhai Doshi | Chairman & Executive Director & CFO | 2025 |
| Karan Amar Doshi | Whole Time Director | 2025 |
| Monish Amarbhai Doshi | Executive Director & Chief Financial Officer | 2025 |
| Pradeepkumar Sanmukhlal Choksi | Independent Non Exe. Director | 2025 |
| Hetal R Mehta | Independent Non Exe. Director | 2025 |
| Shrungi Kiranbhai | Independent Non Exe. Director | 2025 |
| Nitinkumar Maniya | Company Sec. & Compli. Officer | 2025 |
| Segment | Revenue | Share |
|---|---|---|
| Elevator Division | ₹62 Cr | 79.6% |
| Steel Polishing Division | ₹16 Cr | 20.4% |
| Region | Revenue | Share |
|---|---|---|
| India | ₹77 Cr | 98.8% |
| Outside India | ₹1 Cr | 1.2% |
| Year | Face Value | Authorised | Issued | Paid-up |
|---|---|---|---|---|
| 2025 | ₹10 | 11 | 10 | 10 |
| Type | Date | Value | Remark |
|---|---|---|---|
| bonus | 2025-08-25 | 1:1 | 1:1 Bonus issues of Equity Shares |
| dividend | 2025-08-08 | ₹1.2 (12%) | Final |
| Year | Subsidiaries | Associates | JV | KMP | Others | Total |
|---|---|---|---|---|---|---|
| 2025 | 0 | 0 | 0 | 2 | 0 | 2 |
| 2025 | 0 | 0 | 0 | 2 | 0 | 2 |
| 2025 | 0 | 0 | 0 | 2 | 0 | 2 |
📍 B-65 & 66 1st Floor, Jawahar Road No 4 Udhayog Nagr, Surat, Gujarat, 394210
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