Aro Granite Industries Limited (AROGRANITE) fair value: what the stock is really worth
As of Nov 11, 2026: fair value (intrinsic value) of Aro Granite Industries Limited stock ₹49.53, price ₹23.38, upside +111.8%, quality 44 out of 100. Rating: strongly undervalued. Calculated from audited financials with 8 of our 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 10, 2026.
How to read this chart
60‑month range ₹19.04 – ₹83.75 · fair‑value band ₹44.32 – ₹54.06 · the ₹23.38 price screens below the ₹49.53 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 10, 2026.
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Aro Granite Industries Limited engages in the manufacturing and trading of polished/flamed granite tiles and slabs in India. It offers natural stone granites slabs and granites tiles; and engineered quartz stone slabs.
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The company also exports its products to approximately 50 countries, including the United States, Canada, Europe, Japan, the Far East, and South Pacific countries. Aro Granite Industries Limited was incorporated in 1988 and is based in Hosur, India.
Stock analysis
Aro Granite Industries Limited (AROGRANITE) currently trades at ₹23.38, while our model-based Fair Value estimate is ₹49.53, implying the stock looks roughly 53% undervalued today.
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Valuation
Bull case: the Growth DCF group reads highest at a median of ₹64.40 per share, and 8 of the 8 models we run sit above the ₹23.38 price.
Bear case: the Asset-Based group reads lowest at ₹27.72, and 0 of the 8 models stay below the price. Data coverage for this calculation is low.
Scenario range: ₹44.32 (bear) to ₹54.06 (bull), the price of ₹23.38 sits below it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 44/100 (below-average quality), in the Industrials sector.
Weak Growth: Revenue is shrinking: the last year, the last three and the last five years are all negative.
Aro Granite Industries Limited reported revenue of ₹735M in FY2026 versus ₹2.2B in FY2022, a compound −24.4%/yr. Reported net income was −₹118M in FY2026.
Key figures
Market cap ₹358M (≈ $3.8M) Micro · P/S ratio 0.52 · EPS (TTM) ₹−12.36 · Net margin −28.8% · Return on equity −6.6% · Return on assets (EBIT) 1.7% (5-year average) · Operating margin −24.9% · Revenue (TTM) ₹671M.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 12 out of 100 (medium confidence).
What moves the price
The share trades about 33% below its 52-week high and 23% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Industrials peers we cover trades at −33% fair-value upside, at 112%, AROGRANITE screens cheaper than that median.
Fair Value models
Bear₹44.32Fair Value ₹49.53Bull₹54.06
Price ₹23.38 · Upside +111.8%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.18/100
Revenue is shrinking: the last year, the last three and the last five years are all negative.
Revenue growth 1 year
−40.3%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
−23.5%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
−16.3%
Start year 2021 (pandemic). Over 10 years: −10.2% a year
Revenue growth 20 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
−0.3%
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Profit margin (trend) ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.
8.3% (2021) → −11.3% (2026)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2026 is a loss year, no rate is defined from a loss
not computed
Growth Forecast
A lot of optimism in the price
The price assumes more growth than the company has delivered so far.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+41.7%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (India: IMF forecast 4.1% a year to 2030, 4.7% from 2016 to 2025) that is about +36.0% a year for the price.
Compare Aro Granite Industries Limited with another stock
Price, fair value, quality and upside side by side.
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Building Products & Equipment · 264 stocks
Beats the industry median on 3/10 measures
Overall it trails its industry peers.
Valuation
Quality Score44 · Below median
Fair Value upside+111.8% · Top 25%
Profitability
Return on assets−3.0% · Bottom 25%
Net margin (12 months)−28.8% · Bottom 25%
Operating margin (12 months)−24.9% · Bottom 25%
Growth and dividend
Revenue growth (quarter YoY)−23.7% · Bottom 25%
Balance sheet
Debt / equity0.15× · Above median
Valuation Multiplesvs Building Products & Equipment median · lower = cheaper
P/B0.21× · Cheapest 25%
P/S (12 months)0.53× · Cheapest 25%
Price / free cash flow (fiscal year)17.7× · Pricier than median
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Is Aro Granite Industries Limited (AROGRANITE) overvalued or undervalued?
As of Nov 10, 2026, our model estimates a fair value of ₹49.53 versus a price of ₹23.38, about +112% upside (undervalued).
What is the fair value of AROGRANITE?
Our model-based fair value for Aro Granite Industries Limited is ₹49.53 (as of Nov 10, 2026), built from audited fundamentals. The current price: ₹23.38.
What is the quality score of AROGRANITE?
Aro Granite Industries Limited has a Quality Score of 44/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Aro Granite Industries Limited (AROGRANITE)?
Our model-based price target is the fair value of ₹49.53 (as of Nov 10, 2026) from 8 valuation models. Cautious scenario ₹44.32, optimistic scenario ₹54.06. It is a calculation from audited fundamentals, not an analyst target.
What is the Aro Granite Industries Limited stock forecast for 2026?
Our models put fair value at ₹49.53, about +112% upside versus a price of ₹23.38 (undervalued). Cautious scenario ₹44.32, optimistic scenario ₹54.06. The calculation is refreshed regularly with new filings.
What is the revenue of Aro Granite Industries Limited (AROGRANITE)?
Aro Granite Industries Limited reported trailing-twelve-month revenue of about ₹671M (latest available figure, as of Nov 10, 2026).
What growth is priced into Aro Granite Industries Limited (AROGRANITE)?
For today's price to be fair in a discounted-cash-flow model, Aro Granite Industries Limited would have to grow free cash flow by +41.7 % per year for five years (discount rate 10.9 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew -16.3 % per year. As of Nov 10, 2026.
What discount rate (WACC) does the fair value of AROGRANITE use?
Our models discount Aro Granite Industries Limited at 10.9 %: a base by market capitalisation (nano), damped by beta 0.48, country premium for India. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Aro Granite Industries Limited that is +41.7 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (10.9 %) and the same formula as our fair value.
How much growth has Aro Granite Industries Limited (AROGRANITE) delivered so far?
Over the past 5 years revenue at Aro Granite Industries Limited grew -16.3 % a year. The price currently implies free-cash-flow growth of +41.7 % per year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Aro Granite Industries Limited (AROGRANITE) growing?
The median revenue growth in the sector is +7.8 % a year. That is the yardstick for the growth priced into Aro Granite Industries Limited (+41.7 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Aro Granite Industries Limited (AROGRANITE)?
The free-cash-flow yield on the price is 5.65 %: that much free cash flow Aro Granite Industries Limited produces per unit of market value. When it exceeds the discount rate of our models (10.9 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Aro Granite Industries Limited (AROGRANITE)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Aro Granite Industries Limited it is ₹49.53 per share (as of Nov 10, 2026), against a price of ₹23.38. It is the blended result of 8 valuation models in 3 families (DCF Models, Asset-Based, Growth DCF).
Is Aro Granite Industries Limited stock overvalued or undervalued in 2026?
As of Nov 10, 2026, AROGRANITE trades below its calculated fair value: price ₹23.38, fair value ₹49.53, a gap of about +112% (undervalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of AROGRANITE?
No. The price is what the market pays today (₹23.38); the fair value is what the company's own numbers justify (₹49.53). For Aro Granite Industries Limited the two are ₹26.15 per share apart. That gap is exactly why we show both numbers side by side.
How much is Aro Granite Industries Limited worth?
The market values Aro Granite Industries Limited at about ₹358M (market capitalisation, as of Nov 10, 2026). Per share that is ₹23.38; our models calculate a fair value of ₹49.53 per share.
What do the bullish and bearish scenarios say about AROGRANITE?
Our models span a range for Aro Granite Industries Limited: cautious scenario ₹44.32, base ₹49.53, optimistic ₹54.06 per share (as of Nov 10, 2026, price ₹23.38). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Aro Granite Industries Limited (AROGRANITE)?
Balance-sheet figures for Aro Granite Industries Limited (as of Nov 10, 2026): return on equity −6.6%, debt of 0.15 per unit of equity. They feed the Quality Score of 44/100, which measures business quality independently of the share price.
How far is AROGRANITE from its 52-week high?
Aro Granite Industries Limited trades at ₹23.38, about 33% below its 52-week high of ₹35.07 and 23% above the low of ₹19.04 (as of Nov 11, 2026). Distance from the high says nothing about value: that is what the fair value of ₹49.53 is for.
Which stocks are comparable to Aro Granite Industries Limited?
From the same area (Industrials) we also value Johnson Controls International plc, Trane Technologies plc, Carrier Global Corporation, Compagnie de Saint-Gobain S.A, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Aro Granite Industries Limited stock attractive at the current price?
The data as of Nov 10, 2026: price ₹23.38, calculated fair value ₹49.53 (+112%), Quality Score 44/100, from 8 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of AROGRANITE calculated?
We run Aro Granite Industries Limited through 8 models from 3 families: DCF Models, Asset-Based, Growth DCF. Every model gets the same audited fundamentals; the fair value of ₹49.53 builds on their evidence-weighted average, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 14.0% above its aggregate fair value. Aro Granite Industries Limited currently trades 53% below its own fair value, and the market average says nothing about that. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Aro Granite Industries Limited (AROGRANITE)?
The closing price on Nov 11, 2026 was ₹23.38. Our model-based fair value is ₹49.53, about +112% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Aro Granite Industries Limited right now?
The large discount to fair value meets weak quality (44/100). That raises the risk this is a value trap rather than a bargain. The price is below even our cautious bear case (₹44.32). The market is more pessimistic than our downside scenario. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.
Key figures of Aro Granite Industries Limited
How large is the market capitalisation of Aro Granite Industries Limited (AROGRANITE)?
The market capitalisation of Aro Granite Industries Limited is ₹358M (≈ $3.8M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Aro Granite Industries Limited (AROGRANITE)?
The price-to-sales ratio of Aro Granite Industries Limited is 0.52 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Aro Granite Industries Limited (AROGRANITE)?
Earnings per share at Aro Granite Industries Limited are ₹−12.36. Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Aro Granite Industries Limited (AROGRANITE)?
The net margin of Aro Granite Industries Limited is −28.8% (last twelve months). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Aro Granite Industries Limited (AROGRANITE)?
The return on equity (ROE) of Aro Granite Industries Limited is −6.6% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Aro Granite Industries Limited (AROGRANITE)?
On an EBIT basis the return on assets of Aro Granite Industries Limited is 1.7% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Aro Granite Industries Limited (AROGRANITE)?
The operating margin of Aro Granite Industries Limited is −24.9% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Aro Granite Industries Limited (AROGRANITE)?
Revenue at Aro Granite Industries Limited is growing −23.7% versus a year earlier (3y avg −23.5%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Aro Granite Industries Limited (AROGRANITE)?
Earnings per share at Aro Granite Industries Limited are growing −39.3% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Aro Granite Industries Limited (AROGRANITE) carry?
The net debt of Aro Granite Industries Limited is ₹1.4B (fiscal year 2026, ≈ 68.9 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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Thin data
Nov 10, 2026