AARON INDUSTRIES
- 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.
- 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.
- 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.
- 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.
Board meetings
Results dates and other board meetings. Full calendar
| Details | ||
|---|---|---|
| 30 Oct 2026Upcoming | Financial Results/Other business matters | To consider and approve the financial results for the period ended September 30, 2026 and other business matters |
| 11 Aug 2026 | Financial Results/Other business matters | To consider and approve the financial results for the period ended Jun 30, 2026 and other business matters |
| 24 Jul 2026 | Other business matters | To consider other business matters |
| 16 May 2026 | Financial Results/Dividend/Other business matters | To consider and approve the financial results for the period ended March 31, 2026, dividend and other business matters |
| 5 Feb 2026 | Financial Results/Other business matters | To consider and approve the financial results for the period ended December 31, 2025 and other business matters |
| 13 Nov 2025 | Financial Results/Other business matters | To consider and approve the unaudited financial results for the quarter and half year ended September 30, 2025 and other business matters |
| 12 Aug 2025 | Financial Results/Other business matters | To consider and approve the financial results for the period ended Jun 30, 2025 and other business matters |
Financials
Standalone figures in ₹ crore.
| ₹ Cr. | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 14 | 15 | 19 | 17 | 18 | 18 | 24 | 19 | 22 | 23 | 27 | 24 |
| Expenses | 12 | 12 | 15 | 14 | 15 | 15 | 19 | 16 | 18 | 18 | 22 | 20 |
| Operating Profit | 2 | 3 | 4 | 3 | 3 | 3 | 5 | 4 | 4 | 5 | 5 | 5 |
| OPM % | 15.5% | 17.2% | 19% | 19.2% | 17.6% | 17.8% | 20.9% | 19% | 18.5% | 20.9% | 18.6% | 20.2% |
| Other Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 1 | 1 | 1 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 1 | 1 | 1 |
| Profit before tax | 1 | 2 | 3 | 3 | 3 | 3 | 4 | 2 | 2 | 3 | 4 | 3 |
| Tax % | 15.5% | 32.2% | 24.7% | 28.4% | 27.6% | 28.3% | 35.1% | 49% | 44.2% | 38% | 35.7% | 25.9% |
| Net Profit | 1 | 1 | 2 | 2 | 2 | 2 | 3 | 1 | 1 | 2 | 2 | 3 |
| EPS in Rs | 0.57 | 0.57 | 1.11 | 0.89 | 0.87 | 0.86 | 1.32 | 0.51 | 0.66 | 0.96 | 1.11 | 1.22 |
Growth and returns
Compounded yearly rates over each period.
- 10 Years
- 39%
- 5 Years
- 30%
- 3 Years
- 18%
- TTM
- 22%
- 10 Years
- 67%
- 5 Years
- 29%
- 3 Years
- 8%
- TTM
- 12%
- 10 Years
- —
- 5 Years
- 23%
- 3 Years
- −1%
- TTM
- —
- 10 Years
- 20%
- 5 Years
- 21%
- 3 Years
- 19%
- TTM
- —
P/E and EPS over time
Daily P/E and trailing 12-month EPS. EPS updates with each result.
Peers
Listed companies in the same business.
| AARON INDUSTRIES | ₹ 125.50 | ₹ 261 Cr. | 31.4x | 5.2x | 15% | — |
| Bharat Heavy Electricals | ₹ 387.00 | ₹ 1,34,756 Cr. | 91.4x | 5.6x | — | 6.8% |
| Suzlon Energy | ₹ 37.40 | ₹ 51,409 Cr. | 23.3x | 7.7x | 40.6% | 19% |
| Thermax | ₹ 3,095.60 | ₹ 36,999 Cr. | 74.2x | 10.1x | 13.7% | 6.7% |
| Voltas | ₹ 950.00 | ₹ 31,434 Cr. | 113.8x | 7x | 5.8% | 3.5% |
| AIA Engineering | ₹ 3,588.70 | ₹ 33,490 Cr. | 34.2x | 5.4x | 17% | 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
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