Aro Granite Industries Limited is a granite processing industry in India. It was founded in 1988 and started its operations as a 100% Export Oriented Unit in 1991. Aro specializes in processing polished/flamed granite tiles and slabs. It has a presence in India as well as in the global Granite market.
The company's has multi-location granite processing plants. The major factory is located in Hosur and a new factory in Jaipur. The company is the largest exporter of processed granite in India. It has a production capacity of over 1 million square meters per annum.
Products
Aro Granite offers a broad range of granite products. They are designed to cater to various needs in the granite processing sector. Some of the products from their product line-up are as follows:
Granite Slabs
The company manufactures various kinds of granite slabs. They offer an extensive range of finishes and sizes for various applications.
Granite Tiles
Aro also manufactures a large amount of granite tiles. These tiles come in six finishes. These include Polished and Flamed finishes.
Cut-to-Size Granite
The company provides the service of cutting granite pieces into specific dimensions. These are for the bespoke projects to make sure of precision and customization.
Quartz Products
Aro Granite is soon offering quartz processing. This will expand their product range to include quartz slabs and other quartz-based products.
Their products are used in various applications including interior design, architecture, and large-scale construction projects. Their products offer a blend of traditional craftsmanship and modern technology.
Operational Facilities
Aro Industries operates with first-class facilities. They make sure their products are of the highest quality and that fine granite is processed. Their operational facilities are located in:
Slab Plant in Hosur
This is the flagship facility of the company. This plant plays a critical in their production capacity. It is equipped with advanced machinery and has an installed capacity of 1,020,000 square meters per annum. This plant focuses on producing granite slabs in various sizes and finishes.
Tile Plant in Hosur
The tile plant in Hosur serves as the production site of granite tiles. This plant has an installed capacity of 360,000 square meters per annum. It offers tiles in six different finishes for a variety of aesthetic and functional requirements.
Slab Plant in Jaipur
This facility is located near raw material sources in North India. It enhances the company's production capacity and produces a variety of granite slabs. The Jaipur plant expands Aro’s footprint and accesses diverse granite sources.
Cut-to-Size Unit in Hosur
This unit focuses on providing precision-cut granite to meet the unique needs of each client. This is for projects that require specific dimensions and customization.
Quartz Plant in Hosur
This is an upcoming facility of Aro Granite. This will allow the company to expand into the quartz market. They will have a broad product range that includes quartz-based products alongside their traditional granite offerings.
Showroom & Other Facilities at Hosur Plant
Aro also has a showroom and additional facilities at their Hosur plant. This serves as a point of sale and exhibition for their products. This plant also houses further production or administrative functions.
Financial Performance
The company has a dynamic presence in the stock market. Its shares are traded on the National Stock Exchange of India (NSE). The Aro Granite Industries share price as of a recent update was at INR 46.00. The stock's fluctuation has been within a 52-week range between INR 36.60 and INR 69.30. The average volume of shares traded stands at 86,237.
The company's market capitalization is approximately 705.442 million INR. It has a beta (5Y monthly) of 0.64. Its Price to Earnings (P/E) ratio is at 30.46. The earnings per share (EPS) based on the trailing twelve months (TTM) is 1.51. Aro does not currently offer a dividend yield. This suggests that it may be reinvesting its earnings back into the company to fuel future growth.
Conclusion
Aro Granite Industries Limited is a global granite processing company. It produces granite tiles and slabs at various facilities in India. Moreover, the company has now set foot in the quartz granite products. The company also provides the service of cut-to-size granite units. They customize their products to make sure that the customers are satisfied. The financial performance of the company shows that they are moving in the right direction and the company keeps on growing.