---
title: "Aravali Industries Ltd (ARAVALIIND) — Share Price, Financials & Analysis"
symbol: "ARAVALIIND"
company: "Aravali Industries Ltd"
canonical: "https://tapetide.com/stocks/ARAVALIIND"
nse_symbol: "ARAVALIIND"
generated_at: "2026-10-13T11:00:03.158Z"
---

# Aravali Industries Ltd (ARAVALIIND)

Canonical page: https://tapetide.com/stocks/ARAVALIIND

## Company

- **NSE Symbol:** ARAVALIIND
- **Stock Type:** EQUITY
- **Face Value:** ₹10
- **F&O Eligible:** No

## Latest Price

## Key Insights

### Strengths

- Company is almost debt free.

### Weaknesses

- The company has delivered a poor sales growth of 11.6% over past five years.
- Company has a low return on equity of 2.45% over last 3 years.

## Growth Rates

| Metric | 1Y | 3Y | 5Y |
| --- | --- | --- | --- |
| net income growth | -66% | 4% | -2% |
| revenue growth | -25% | -7% | 12% |

## Financial Statements

### Quarterly Results

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2013 | Jun 2013 | Sep 2013 | Dec 2013 | Mar 2014 | Jun 2014 | Sep 2014 | Dec 2014 | Mar 2015 | Jun 2015 | Sep 2015 | Dec 2015 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 0.75 | 1.51 | 0.36 | 0.4 | 0.92 | 1.22 | 0.7 | 0.7 | 0.68 | 0.85 | 0.57 | 0.55 |
| Expenses | 0.59 | 1.11 | 0.25 | 0.33 | 0.77 | 0.78 | 0.48 | 0.48 | 0.77 | 0.64 | 0.4 | 0.34 |
| Operating Profit | 0.16 | 0.4 | 0.11 | 0.07 | 0.15 | 0.44 | 0.22 | 0.22 | -0.09 | 0.21 | 0.17 | 0.21 |
| OPM % | 21.33 | 26.49 | 30.56 | 17.5 | 16.3 | 36.07 | 31.43 | 31.43 | -13.24 | 24.71 | 29.82 | 38.18 |
| Other Income | 0 | 0.02 | 0 | 0 | 0 | 0 | 0.01 | 0.01 | -0.01 | 0 | 0.01 | 0.01 |
| Interest | 0.06 | 0.04 | 0.03 | 0.03 | 0.03 | 0.03 | 0.03 | 0.03 | -0.01 | 0.04 | 0.03 | 0.03 |
| Depreciation | 0.04 | 0.09 | 0.04 | 0.04 | 0.04 | 0.04 | 0.04 | 0.04 | -0.06 | 0.04 | 0.04 | 0.04 |
| Profit before tax | 0.06 | 0.29 | 0.04 | 0 | 0.08 | 0.37 | 0.16 | 0.16 | -0.03 | 0.13 | 0.11 | 0.15 |
| Tax % | 16.67 | 13.79 | 0 | — | 0 | 0 | 0 | 0 | 333.33 | 0 | 0 | 0 |
| Net Profit | 0.05 | 0.25 | 0.04 | 0 | 0.08 | 0.37 | 0.16 | 0.16 | -0.13 | 0.13 | 0.11 | 0.15 |
| EPS in Rs | 0.05 | 0.25 | 0.04 | 0 | 0.08 | 0.37 | 0.16 | 0.16 | -0.13 | 0.13 | 0.11 | 0.15 |

### Profit & Loss

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2006 | Mar 2007 | Mar 2008 | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | TTM |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 1.87 | 1.92 | 2.39 | 1.84 | 2.25 | 4.01 | 2.97 | 2.86 | 3.19 | 2.65 |
| Expenses | 1.24 | 0.74 | 1.33 | 0.93 | 1.48 | 3.04 | 2.05 | 2.13 | 2.46 | 2.15 |
| Operating Profit | 0.63 | 1.18 | 1.06 | 0.91 | 0.77 | 0.97 | 0.92 | 0.73 | 0.73 | 0.5 |
| OPM % | 33.69 | 61.46 | 44.35 | 49.46 | 34.22 | 24.19 | 30.98 | 25.52 | 22.88 | 18.87 |
| Other Income | 0.01 | 0.01 | 0 | 0.01 | 0.01 | -0.16 | 0.08 | 0.02 | 0.02 | 0.01 |
| Interest | 0.01 | 0.16 | 0.25 | 0.34 | 0.39 | 0.37 | 0.23 | 0.14 | 0.13 | 0.09 |
| Depreciation | 0.15 | 0.17 | 0.17 | 0.17 | 0.17 | 0.18 | 0.22 | 0.21 | 0.21 | 0.06 |
| Profit before tax | 0.48 | 0.86 | 0.64 | 0.41 | 0.22 | 0.26 | 0.55 | 0.4 | 0.41 | 0.36 |
| Tax % | 0 | 1.16 | 1.56 | 2.44 | 18.18 | 34.62 | 7.27 | 45 | 9.76 | — |
| Net Profit | 0.48 | 0.85 | 0.63 | 0.4 | 0.18 | 0.17 | 0.51 | 0.22 | 0.37 | 0.26 |
| EPS in Rs | 0.48 | 0.85 | 0.63 | 0.4 | 0.18 | 0.17 | 0.51 | 0.22 | 0.37 | 0.26 |
| Dividend Payout % | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | — |

### Balance Sheet

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2006 | Mar 2007 | Mar 2008 | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Equity Capital | 10.04 | 10.04 | 10.04 | 10.04 | 10.04 | 10.04 | 10.04 | 10.04 | 10.04 |
| Reserves | 6.14 | 6.99 | 7.38 | 7.72 | 7.9 | 5.04 | 5.02 | 5.28 | 5.67 |
| Borrowings | 0.18 | 1.77 | 2.08 | 2.83 | 2.67 | 2.62 | 1.21 | 1.11 | 1.32 |
| Other Liabilities | 0.92 | 0.94 | 0.95 | 0.95 | 0.95 | 0.69 | 0.23 | 0.42 | 0.28 |
| Total Liabilities | 17.28 | 19.74 | 20.45 | 21.54 | 21.56 | 18.39 | 16.5 | 16.85 | 17.31 |
| Fixed Assets | 5.75 | 5.75 | 5.58 | 5.91 | 5.74 | 5.84 | 5.79 | 5.58 | 5.38 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 1 | 1 | 1 | 1 | 1 | 0.08 | 0 | 0 | 0 |
| Other Assets | 10.53 | 12.99 | 13.87 | 14.63 | 14.82 | 12.47 | 10.71 | 11.27 | 11.93 |
| Total Assets | 17.28 | 19.74 | 20.45 | 21.54 | 21.56 | 18.39 | 16.5 | 16.85 | 17.31 |

### Cash Flow

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2006 | Mar 2007 | Mar 2008 | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | -0.23 | — | 0 | 0.07 | — | 0.32 | 0.59 | 0.83 | 1.05 |
| Cash from Investing Activity | 0 | — | 0 | -0.5 | — | -0.26 | 0 | 0 | 0 |
| Cash from Financing Activity | -0.03 | — | 0.31 | 0.75 | — | -0.05 | 0 | -0.25 | 0.25 |
| Net Cash Flow | -0.26 | — | 0.31 | 0.32 | — | 0.01 | 0.59 | 0.58 | 1.3 |
| Free Cash Flow | -0.23 | — | 0 | -0.43 | — | 0.06 | 0.59 | 0.83 | 1.05 |
| CFO/OP | -37 | — | 0 | 8 | — | 40 | 64 | 114 | 144 |

### Ratios

| Item | Mar 2006 | Mar 2007 | Mar 2008 | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | 25.37 | 34.22 | 32.07 | 53.56 | 48.67 | 18.2 | 14.75 | 10.21 | 17.16 |
| Inventory Days | — | 0 | — | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash Conversion Cycle | 25.37 | 34.22 | 32.07 | 53.56 | 48.67 | 18.2 | 14.75 | 10.21 | 17.16 |
| Working Capital Days | 1678.61 | 2195.7 | 1849.44 | 2489.54 | 2092.67 | 983.04 | 1085.17 | 1091.17 | 997.74 |
| ROCE % | — | 5.8 | 4.65 | 3.74 | 2.96 | 4.44 | 4.71 | 3.3 | 3.23 |

## Shareholding Pattern

### annual

| Category | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Feb 2026 |
| --- | --- | --- | --- | --- | --- |
| Promoters | 73.3% | 73.3% | 73.59% | 74.97% | 65.01% |
| FIIs | 0% | 0% | 0% | 0.01% | 0.69% |
| DIIs | 0% | 0% | 0% | 0.13% | 0.62% |
| Public | 26.69% | 26.69% | 26.41% | 24.9% | 33.69% |
| No. of Shareholders | 623 | 529 | 570 | 1303 | 1905 |

### Quarterly

| Category | Mar 2022 | Sep 2022 | Mar 2023 | Sep 2023 | Mar 2024 | Sep 2024 | Mar 2025 | Sep 2025 | Dec 2025 | Feb 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Promoters | 73.3% | 73.31% | 73.3% | 68.91% | 73.59% | 71.59% | 74.97% | 74.97% | 74.97% | 65.01% |
| FIIs | 0% | 0% | 0% | 0% | 0% | 0.01% | 0.01% | 0% | 0% | 0.69% |
| DIIs | 0% | 0% | 0% | 0% | 0% | 0% | 0.13% | 0.03% | 0.71% | 0.62% |
| Public | 26.69% | 26.69% | 26.69% | 31.09% | 26.41% | 28.4% | 24.9% | 25% | 24.32% | 33.69% |
| No. of Shareholders | 623 | 527 | 529 | 431 | 570 | 991 | 1303 | 1668 | 1840 | 1905 |

## Technical Indicators

Derived from daily closing prices and recomputed each trading session; values move with the market.

- **Overall Signal:** Buy
- **Buy / Neutral / Sell:** 7 / 6 / 6

### Moving Averages — summary: **Strong Buy**

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 298.22 | Buy |
| EMA (10) | 300.71 | Buy |
| SMA (20) | 309.17 | Sell |
| EMA (20) | 305.27 | Sell |
| SMA (50) | 311.6 | Sell |
| EMA (50) | 306.85 | Sell |
| SMA (100) | 295.65 | Buy |
| EMA (100) | 296.93 | Buy |
| SMA (200) | 268.52 | Buy |
| EMA (200) | 292.27 | Buy |

### Oscillators — summary: **Sell**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 48.93 | Neutral |
| MACD (12,26,9) | -5.05 | Sell |
| Stochastic (14,3,3) | 45.57 | Neutral |
| ADX (14) | 19.04 | Neutral |
| Williams %R (14) | -34.21 | Neutral |
| ATR (14) | 14.23 | High Volatility |
| ROC (12) | 1.31 | Buy |
| Stoch RSI (14) | 92.52 | Sell |
| UO (7,14,28) | 44.98 | Neutral |

## Filings & Documents

### Other Documents

| Date | Document |
| --- | --- |
| 2026-02-24 | [Copy of Newspaper Publication](https://nsearchives.nseindia.com/corporate/SWARAJ_24022026143805_Regu30PBNoticeAdv24Feb2026.pdf) |
| 2026-02-23 | [Shareholders meeting](https://nsearchives.nseindia.com/corporate/SWARAJ_23022026193816_Regu30PBNotice23Feb2026.pdf) |
| 2026-02-21 | [Credit Rating](https://nsearchives.nseindia.com/corporate/SWARAJ_21022026104123_SwarajReg30CreditRatng20Feb2026.pdf) |
| 2026-02-16 | [Copy of Newspaper Publication](https://nsearchives.nseindia.com/corporate/SWARAJ_16022026124543_Regu30FinancialResultsNews16Feb2026.pdf) |
| 2026-02-13 | [Outcome of Board Meeting](https://nsearchives.nseindia.com/corporate/SWARAJ_13022026190434_Regu30BMOutcome13Feb2026.pdf) |
| 2026-02-09 | [Outcome of Board Meeting](https://nsearchives.nseindia.com/corporate/SWARAJ_09022026160650_SwarajOutcomeBM07feb2026revised.pdf) |
| 2026-02-07 | [Outcome of Board Meeting](https://nsearchives.nseindia.com/corporate/SWARAJ_07022026225636_SwarajOutcomeBM07feb2026.pdf) |
| 2026-02-06 | [Outcome of Board Meeting](https://nsearchives.nseindia.com/corporate/SWARAJ_06022026145831_SwarajOutcomeBM06feb2026.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| 2025 | [Financial Year 2025](https://archives.nseindia.com/annual_reports/SME_AR_29073_SWARAJ_2024_2025_A_6325462_16092025111710.pdf) |
| 2024 | [Financial Year 2024](https://archives.nseindia.com/annual_reports/SME_AR_26323_SWARAJ_2023_2024_16102024161855.pdf) |
| 2023 | [Financial Year 2023](https://archives.nseindia.com/annual_reports/SME_AR_23945_SWARAJ_2022_2023_17102023181439_10172023190000.zip) |
| 2022 | [Financial Year 2022](https://archives.nseindia.com/annual_reports/SME_AR_21203_SWARAJ_2021_2022_03092022142331_09032022150001.zip) |

### Earnings Call Documents

| Date | Document |
| --- | --- |
| Jul 2025 | [Concall - Jul 2025](https://nsearchives.nseindia.com/corporate/SWARAJ_21072025181427_SwarajIPJuly2025revised.pdf) |
| Jul 2025 | [Concall - Jul 2025](https://nsearchives.nseindia.com/corporate/SWARAJ_21072025155523_SwarajIPJuly2025.pdf) |
| Nov 2024 | [Concall - Nov 2024](https://nsearchives.nseindia.com/corporate/SWARAJ_25112024155816_Regu30IMTranscript18Nov2024.pdf) |
| Jun 2024 | [Concall - Jun 2024](https://nsearchives.nseindia.com/corporate/SWARAJ_12062024134352_Regu30InvestorMeetTranscript.pdf) |
| Feb 2024 | [Concall - Feb 2024](https://nsearchives.nseindia.com/corporate/SWARAJ_23022024202527_Regu30InvestorPresentation.pdf) |

### Credit Rating Reports

| Date | Document |
| --- | --- |
| 2026-02-20 | Credit rating update — CRISIL |
| 2025-10-13 | Credit rating update — CRISIL |
| 2025-07-07 | Credit rating update — Acuité |
| 2025-04-18 | Credit rating update — Acuité |
| 2025-03-24 | Credit rating update — CRISIL |
| 2025-02-28 | Credit rating update — CRISIL |
| 2024-11-20 | Credit rating update — Brickwork Ratings |

---

Provenance differs by section. Financial statements, shareholding and filings are as reported in company disclosures to NSE/BSE/SEBI. Price, volume and 52-week levels are exchange market data. Technical indicators are computed by Tapetide from daily closing prices. The Tapetide Score is Tapetide's own analysis. Analyst ratings are third-party estimates, not company statements. All figures are for research and information only and are not investment advice. Generated 2026-10-13T11:00:03.158Z.