Agarwal Industrial Corporation Ltd
NSE:AGARIND
Agarwal Industrial Corporation Ltd
Agarwal Industrial Corp. Ltd. manufactures and trades in petrochemicals in India. The company is headquartered in Mumbai, Maharashtra. The firm operates through four segments: Petrochemicals (Bituminous and Allied products), Transportation, Windmill and Ship Operating and Chartering. The firm is principally engaged in the business activities of manufacturing and trading of petrochemicals, logistics of bitumen and liquefied petroleum gas (LPG) and energy generation through windmills. Its bituminous product range includes viscosity grade bitumen, industry grade bitumen, modified bitumen (CRMB/PMB), bitucoat, bituplast, bitupremier, bitumen emulsions, bitumen paints and bitumen emulsion materials. The company owns five vessels having a total capacity of approximately 29,500 metric tons (MT) and 350+ bitumen tankers. The company has two windmills at Jaisalmer, Rajasthan and one at Dhulia, Maharashtra. Its wholly owned subsidiaries include Agarwal Translink Private Limited, Bituminex Cochin Pvt Ltd (BCPL) and AICL Overseas FZ-LLC.
Agarwal Industrial Corp. Ltd. manufactures and trades in petrochemicals in India. The company is headquartered in Mumbai, Maharashtra. The firm operates through four segments: Petrochemicals (Bituminous and Allied products), Transportation, Windmill and Ship Operating and Chartering. The firm is principally engaged in the business activities of manufacturing and trading of petrochemicals, logistics of bitumen and liquefied petroleum gas (LPG) and energy generation through windmills. Its bituminous product range includes viscosity grade bitumen, industry grade bitumen, modified bitumen (CRMB/PMB), bitucoat, bituplast, bitupremier, bitumen emulsions, bitumen paints and bitumen emulsion materials. The company owns five vessels having a total capacity of approximately 29,500 metric tons (MT) and 350+ bitumen tankers. The company has two windmills at Jaisalmer, Rajasthan and one at Dhulia, Maharashtra. Its wholly owned subsidiaries include Agarwal Translink Private Limited, Bituminex Cochin Pvt Ltd (BCPL) and AICL Overseas FZ-LLC.
Revenue Decline: Agarwal Industrial reported Q1 FY '26 revenue of INR 594 crores, a drop of 16.1% year-on-year, driven by external challenges.
Profit Impact: Net profit fell to INR 15 crores for the quarter, reflecting both weakened demand and operational disruptions.
Volume Shortfall: Bitumen volumes were 1,24,600 metric tons, well below expectations, mainly due to geopolitical issues and early monsoon.
Margin Pressure: EBITDA margin was 6.4%, with shipping segment margins falling sharply because of vessel underutilization.
Guidance Maintained: Management kept full-year FY '26 volume guidance at around 6 lakh tons (about 10% growth), despite Q1 weakness.
Acquisition Announced: AICL acquired 100% of Konkan Storage Systems to enhance logistics and reduce rental costs.
Resilience Focus: Management emphasized the company's integrated model and expects margins and volumes to rebound as disruptions ease.
