Aro Granite Industries Ltd
NSE:AROGRANITE
Aro Granite Industries Ltd
Aro Granite Industries Ltd. engages in the manufacture and export of granite tiles and slabs. The firm is engaged in the manufacturing and export of Granite Slabs and Tiles. The firm is engaged in the business of two segments such as manufacturing of Engineered Quartz Stone Slabs and manufacturing of Natural Stone Granites Slab and Tiles. The company offers products in an array of finishes, such as polished finish, flamed finish, honed finish, brushed finish, leather finish, and caressing finish. The firm processes Indian, African, Finnish, Norwegian, and Brazilian granite regularly, and offers slabs as per customer's specific requirements. The firm offers a product line of Cut-To-Size slabs, which are cut according to the customized requirement of the user and are ready for use at the site without any further processing. The firm exports its products to North America, South America, Europe, and Far East markets.
Aro Granite Industries Ltd. engages in the manufacture and export of granite tiles and slabs. The firm is engaged in the manufacturing and export of Granite Slabs and Tiles. The firm is engaged in the business of two segments such as manufacturing of Engineered Quartz Stone Slabs and manufacturing of Natural Stone Granites Slab and Tiles. The company offers products in an array of finishes, such as polished finish, flamed finish, honed finish, brushed finish, leather finish, and caressing finish. The firm processes Indian, African, Finnish, Norwegian, and Brazilian granite regularly, and offers slabs as per customer's specific requirements. The firm offers a product line of Cut-To-Size slabs, which are cut according to the customized requirement of the user and are ready for use at the site without any further processing. The firm exports its products to North America, South America, Europe, and Far East markets.
Revenue Decline: FY'23 revenue fell sharply to INR 163.90 crores from INR 224.74 crores in FY'22, reflecting a tough operating environment.
Losses Reported: The company posted a net loss of INR 5.78 crores for FY'23, compared to a profit of INR 8.91 crores last year.
Headwinds: High freight costs, a temporary US anti-dumping duty on quartz, and the European energy crisis hurt sales and margins.
Inventory & Working Capital: Inventory levels remain elevated due to business model changes and new plant launches, but management expects reductions over 1–2 years.
Quartz Plant Recovery: After US duties were reversed, the quartz facility is now running at 80–90% utilization, with full-year turnover potential of INR 50 crores.
Outlook: Management expects operating conditions to improve with anticipated interest rate cuts and targets exceeding INR 250 crores in revenue in the next financial year.
Expansion Plans: Any further investments in quartz capacity will be considered after FY'24, as current focus remains on consolidation.
