Debut Plus

116.96

-0.3 -0.26%

17 Jul 2026

NSE Listed

Aaron Industries Limited (AARON)

Volume: 1,641Avg Vol 1W: 7,207.2Avg Vol 1M: 7,671.6552W Range:106.8258
Key Ratios
Checked 6h ago
Market Cap₹246 Cr
Current Price₹116.96
Previous Close₹117.26
High / Low (52w)₹258 / ₹106.8
Volume1,641
Avg Vol (1W)7,207.2
Avg Vol (1M)7,671.65
Stock P/E103.78
Book Value₹23.21
Dividend Yield43%
ROE13.98%
ROA7.45%
Revenue (TTM)₹78 Cr
Revenue Growth
Profit Margin7.38%
Total Debt₹28 Cr
Shares Outstanding2 Cr
Face Value₹10
EPS (TTM)₹3.25
P/B5.05
Debt / Equity0.8
50 DMA₹119.46
200 DMA₹153.55
Day change-0.26%
Price Chart
116.96 41.81% · 1Y
23910913.5L
2025-07-17
2026-07-16

20-day avg volume: 8K shares

Pros
  • Pays a dividend yield of 43.0%.
  • Company is almost debt-free.
Cons
  • Revenue fell 33% YoY.
  • Stock trades at a high P/E of 104.
Quarterly Results
MetricJun 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 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
Profit & Loss (Annual)
MetricMar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 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
EPS3.452.241.341.923.75.3767.86
Balance Sheet
MetricMar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 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
Cash Flow
MetricMar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 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
Shareholding
Promoter 73.07% Institutions 0% Public 26.93%
About Aaron Industries Limited

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
Efficiency & Working Capital
ROCE18.3%
Interest Coverage9.7
Dividend Payout
Debtor Days24 d
Inventory Days75 d
Payable Days14 d
Cash Conversion Cycle85 d
Working Capital Days99 d
Shareholding Details

As of 2026-03-31

Promoter73.1%
FII0%
DII0%
Institutions0%
Public26.9%
Promoter Pledge0%
No. of Shareholders12,387
Shareholding Pattern

Quarterly — figures in %. Latest 12 quarters.

PeriodDec 2023Mar 2024Jun 2024Sept 2024Dec 2024Mar 2025Jun 2025Aug 2025Aug 2025Sept 2025Dec 2025Mar 2026
Promoters73.1%73.1%73.1%73.1%73.1%73.1%73.1%73.1%73.1%73.1%73.1%73.1%
FIIs0%0%0%0%0%0%0%0%0%0%0%0%
DIIs0%0%0%0%0%0%0%0%0%0%0%0%
Public26.9%26.9%26.9%26.9%26.9%26.9%26.9%26.9%26.9%26.9%26.9%26.9%
Promoter Pledge0%0%0%0%0%0%0%0%0%0%0%0%
No. of Shareholders11,82612,49711,96511,51611,88411,47311,28013,04113,04113,72112,93412,387
Returns History (ROE / ROCE / ROA)
PeriodROEROCEROAP/E
202503
Major Shareholders (>1%)
NameCategoryStakeShares
Amar Chinubhai DoshiShareholding of Promoter and Promoter Group25.8%53,97,504
Karan Amar DoshiShareholding of Promoter and Promoter Group13.9%29,12,244
Monish Amar DoshiShareholding of Promoter and Promoter Group13.6%28,37,308
Radhika Amar DoshiShareholding of Promoter and Promoter Group10.6%22,24,140
Amar Chinubhai Doshi (huf)Shareholding of Promoter and Promoter Group2.6%5,42,582
Monish Amarbhai Doshi (huf)Shareholding of Promoter and Promoter Group1.8%3,81,542
Karan Amar Doshi (huf)Shareholding of Promoter and Promoter Group1.4%2,94,682
Toral Karan DoshiShareholding of Promoter and Promoter Group1%2,04,154
Bhoomi DoshiShareholding of Promoter and Promoter Group0.9%1,95,334
Rajiv Chandrakant ShahShareholding of Promoter and Promoter Group0.7%1,47,400
Falguni Rajiv ShahShareholding of Promoter and Promoter Group0.7%1,47,400
Kushal Mitesh JariwalaShareholding of Promoter and Promoter Group0.1%21,400
Chinubhai Somabhai DoshiShareholding of Promoter and Promoter Group0%0
Kamlesh Chinubhai DoshiShareholding of Promoter and Promoter Group0%0
Amita Pankaj ParikhShareholding of Promoter and Promoter Group0%0
Elina Karan DoshiShareholding of Promoter and Promoter Group0%0
Shaurya Karan DoshiShareholding of Promoter and Promoter Group0%0
Kabir Monish DoshiShareholding of Promoter and Promoter Group0%0
Aaryan Monish DoshiShareholding of Promoter and Promoter Group0%0
Rajesh Shashikant ShahShareholding of Promoter and Promoter Group0%0
Reshmaben Shirishbhai ShahShareholding of Promoter and Promoter Group0%0
Ankita Rajiv ShahShareholding of Promoter and Promoter Group0%0
Charmi Rajiv ShahShareholding of Promoter and Promoter Group0%0
Mitesh Chandulal JariwalaShareholding of Promoter and Promoter Group0%0
Priti Miteshbhai JariwalaShareholding of Promoter and Promoter Group0%0
Promoter Pledges
HolderPledged Shares% of HoldingAs of
Amar Chinubhai Doshi00%2026-03-31
Karan Amar Doshi00%2026-03-31
Monish Amar Doshi00%2026-03-31
Radhika Amar Doshi00%2026-03-31
Toral Karan Doshi00%2026-03-31
Bhoomi Doshi00%2026-03-31
Amar Chinubhai Doshi (huf)00%2026-03-31
Karan Amar Doshi (huf)00%2026-03-31
Monish Amarbhai Doshi (huf)00%2026-03-31
Rajiv Chandrakant Shah00%2026-03-31
Falguni Rajiv Shah00%2026-03-31
Kushal Mitesh Jariwala00%2026-03-31
Board of Directors
NameDesignationYear
Amar Chinubhai DoshiChairman & Executive Director & CFO2025
Karan Amar DoshiWhole Time Director2025
Monish Amarbhai DoshiExecutive Director & Chief Financial Officer2025
Pradeepkumar Sanmukhlal ChoksiIndependent Non Exe. Director2025
Hetal R MehtaIndependent Non Exe. Director2025
Shrungi KiranbhaiIndependent Non Exe. Director2025
Nitinkumar ManiyaCompany Sec. & Compli. Officer2025
Segments — Product
SegmentRevenueShare
Elevator Division₹62 Cr79.6%
Steel Polishing Division₹16 Cr20.4%
Segments — Geography
RegionRevenueShare
India₹77 Cr98.8%
Outside India₹1 Cr1.2%
Capital Structure (₹ Cr)
YearFace ValueAuthorisedIssuedPaid-up
2025₹10111010
Corporate Actions
TypeDateValueRemark
bonus2025-08-251:11:1 Bonus issues of Equity Shares
dividend2025-08-08₹1.2 (12%)Final
Related-Party Transactions (₹ Cr)
YearSubsidiariesAssociatesJVKMPOthersTotal
2025000202
2025000202
2025000202
Company Information
Incorporated2013
ChairmanAmar Chinubhai Doshi
AuditorD C Jariwala & Co
Investor Email[email protected]
🌐 www.aaronindustries.net

📍 B-65 & 66 1st Floor, Jawahar Road No 4 Udhayog Nagr, Surat, Gujarat, 394210

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