AARON INDUSTRIES

NSE: AARON
Compare with peers
₹ 125.50▲ 1.35 (+1.09%)28 Oct, 03:29 pm IST
Market cap
₹ 261 Cr.
P/E
31.4x
P/B
5.22x
52-week range
106.8 – 228
ROE
15%
ROCE
18.7%
Dividend yield
0.4%
Debt / equity
0.57
Sector
Industrial Manufacturing
Industry
Industrial Products
Listed on
NSE

About

Aaron Industries Limited is an India-based company, which is mainly engaged in the business of manufacturing of elevators and elevator parts and steel polishing. The Company's segments include Elevator Division and Steel Polishing Division. Its product categories include elevator cabins, auto doors and designer sheets. Its cabin designs include a range of cabin options for all kinds of projects. The Company has covered residential projects, commercial projects, hospitals, hotels, home lifts and others where vertical transportation is implemented. Its elevator cabins include stainless steel cabins, mild steel cabins and premium cabins. The Company's auto door system is ADS 2PNL, which is used in all kinds of elevators. Its auto door system works in synchronization with a car door and landing doors. ADS 2PNL panel variants include small vision, no vision, full vision and glass vision. Its designer sheets include full panel sheets and seamless designer sheets.

Quick check

The five things to look at first. Open one for more.

Compared with its industry

Industrial Products: 186 companies →

AARON INDUSTRIES against the typical company in its industry. The rank is out of the companies that report each figure; green means the better quarter of the pack, red the worse quarter.

  • Valuation (P/E)31.4 against a typical 29.9: pricier than most peers (1st = cheapest).97th of 184
  • Sales growth+27% against a typical +20.3% from a year earlier.60th of 147
  • Profit growth+141.5% against a typical +9.4% from a year earlier.19th of 121
  • Share price, 3 months−6.9% against a typical −3.4%.95th of 164
  • Size₹ 261.3 Cr. market value against a typical ₹ 305.2 Cr. (1st = largest).91st of 176

Latest announcements

Exchange filings and their impact on the company.

  • 15 Oct 2026Product launchLow impactPositivePrice −1.5% on 16 Oct
    Aaron launches certified 120-minute fire-rated steel doors, adding a new value-added product line.

    Aaron Industries launched Fire-Rated Steel Doors under its Commercial and Industrial Fire Door Systems category effective October 15, 2026. Its swing metal fire doors received a 120-minute fire-resistance certificate from Gujarat Test House, Ahmedabad as per IS 3614:2021 for use in passageways and corridors in commercial, industrial and institutional buildings. The launch expands its product portfolio toward value-added products, with revenue to build gradually as orders come in.

    Filing
  • 13 Oct 2026Bagging/Receiving of orders/contractsLow impactPositivePrice −0.9% that day
    Aaron wins Rs 2 crore order to supply up to 30 EVOQ360 home lifts.

    Aaron Industries has received an order from Gulf Elevators Private Limited for supply of up to 30 units of EVOQ360 Home Lifts. The estimated contract value is Rs 2 crore, excluding GST. The order is small at about 2% of annual revenue and provides modest near-term revenue support.

    Filing
  • 9 Oct 2026Press ReleaseLow impactPositivePrice +5% that day
    Aaron confirms advance orders for 60 home lifts and 19 Q2 dispatches, adding about 5-8 crore to near-term sales.

    Aaron Industries said 18 customers have placed confirmed advance orders for about 60 EVOQ360 Home Lifts as of September 30, 2026, to be dispatched in phases up to December 2026. It dispatched 19 home lifts in Q2 FY27 and has onboarded 5 distributors so far. The orders add a modest near-term revenue stream and show early commercial traction for its home mobility business.

    Filing

Board meetings

Results dates and other board meetings. Full calendar

Details
30 Oct 2026UpcomingFinancial Results/Other business mattersTo consider and approve the financial results for the period ended September 30, 2026 and other business matters
11 Aug 2026Financial Results/Other business mattersTo consider and approve the financial results for the period ended Jun 30, 2026 and other business matters
24 Jul 2026Other business mattersTo consider other business matters
16 May 2026Financial Results/Dividend/Other business mattersTo consider and approve the financial results for the period ended March 31, 2026, dividend and other business matters
5 Feb 2026Financial Results/Other business mattersTo consider and approve the financial results for the period ended December 31, 2025 and other business matters
13 Nov 2025Financial Results/Other business mattersTo consider and approve the unaudited financial results for the quarter and half year ended September 30, 2025 and other business matters
12 Aug 2025Financial Results/Other business mattersTo consider and approve the financial results for the period ended Jun 30, 2025 and other business matters

Share price

1Y change −40.02%
0 of 3 filing days came with a big price move
Volume (shares)Price (₹)
Close price

Financials

Standalone figures in ₹ crore.

Quarterly results
₹ Cr.Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales141519171818241922232724
Expenses121215141515191618182220
Operating Profit234333544555
OPM %15.5%17.2%19%19.2%17.6%17.8%20.9%19%18.5%20.9%18.6%20.2%
Other Income000000000000
Interest000000011111
Depreciation000000011111
Profit before tax123333422343
Tax %15.5%32.2%24.7%28.4%27.6%28.3%35.1%49%44.2%38%35.7%25.9%
Net Profit112222311223
EPS in Rs0.570.571.110.890.870.861.320.510.660.961.111.22

Growth and returns

Compounded yearly rates over each period.

Compounded Sales Growth
10 Years
39%
5 Years
30%
3 Years
18%
TTM
22%
Compounded Profit Growth
10 Years
67%
5 Years
29%
3 Years
8%
TTM
12%
Stock Price CAGR
10 Years
—
5 Years
23%
3 Years
−1%
TTM
—
Return on Equity
10 Years
20%
5 Years
21%
3 Years
19%
TTM
—

Shareholding

Latest: Jun 2026.

Promoters
73.07%
+0.01 pts in a year
DIIs
0%
−0.43 pts in a year
Public
26.93%
+0.42 pts in a year

P/E and EPS over time

Daily P/E and trailing 12-month EPS. EPS updates with each result.

P/E 31.4xEPS (12 months) ₹ 3.96Median P/E 40x
P/E (times)EPS (₹)

Peers

Listed companies in the same business.

Peer comparison
AARON INDUSTRIES₹ 125.50₹ 261 Cr.31.4x5.2x15%—
Bharat Heavy Electricals₹ 387.00₹ 1,34,756 Cr.91.4x5.6x—6.8%
Suzlon Energy₹ 37.40₹ 51,409 Cr.23.3x7.7x40.6%19%
Thermax₹ 3,095.60₹ 36,999 Cr.74.2x10.1x13.7%6.7%
Voltas₹ 950.00₹ 31,434 Cr.113.8x7x5.8%3.5%
AIA Engineering₹ 3,588.70₹ 33,490 Cr.34.2x5.4x17%28.7%

Management

Amar Chinubhai Doshi
Chairman of the Board, Managing Director
Monish Amarbhai Doshi
Chief Financial Officer, Executive Director
Nitinkumar Nanjibhai Maniya
Compliance Officer, Company Secretary
Karan Amar Doshi
Whole-Time Directors

Prices are delayed and for information only. Nothing on this page is investment advice.