Aaron Industries Limited - metals and minerals in Surat, Gujarat, India. FY 2026 financials & compliance.
CIN L31908GJ2013PLC077306 Incorporated 23 October 2013 ROC Ahmedabad HQ Surat, Gujarat, India
Active Listed - NSE: AARON Public Limited Company metals and minerals MSME · Medium
Data last updated
Market Cap
₹254 Cr
AARON · NSE
Share Price
₹121.90
+0.61% today
Revenue
₹92.01 Cr
FY 2025-26 · +18.1% YoY
EBITDA
₹17.70 Cr
Margin 19.2%
Net Profit
₹6.86 Cr
FY 2025-26 · -17.0% YoY
P/E (TTM)
31.0x
P/B 5.3x
ROE
14.8%
ROCE 18.5%
Debt / Equity
0.65
Interest cover 18.7x

About Aaron Industries Limited

Data last updated:

Aaron Industries Limited is a public limited company based in Surat, Gujarat, India. It operates in the steel manufacturing and processing segment of the metals and mining sector. It was incorporated on 23 October 2013 and has been in existence for over 13 years.

The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN L31908GJ2013PLC077306. Its GSTIN is 24AAMCA1055C1Z7 (Gujarat). The company holds 2 GST registrations, all of them active. It is a listed company as per MCA records. Its shares are listed on NSE: AARON.

The company has an authorised share capital of ₹21 Cr and a paid-up capital of ₹20.95 Cr. It was formerly known as Aaron Industries Private Limited. It is led by directors including Amar Chinubhai Doshi (Managing Director) and Karan Amar Doshi (Whole-Time Director).

Its last annual general meeting (AGM) was held on 19 August 2026, and its latest financial statements are for the year ended 31 March 2026. The registered office is at B – 65 & 66 Jawahar Road No. 4 Udhyog Nagar Udhana, Surat, Gujarat, India – 394210.

As per the latest standalone financials for FY 2025-26, the company reported a revenue of ₹92.01 Cr, a growth of 18.1% compared to the previous year. For the same year it recorded a net profit of ₹6.86 Cr (net margin 7.5%) and EBITDA of ₹17.7 Cr (EBITDA margin 19.2%). The net worth stands at ₹48.62 Cr (up 13% YoY). Total assets are valued at ₹76.36 Cr (up 2% YoY).

The company is associated with 1 brand: Aaron Industries Ltd. As per MCA filings, the company has open charges of ₹52.36 Cr and satisfied charges of ₹1.59 Cr on record. Court records list 6 cases involving the company, including 6 filed by the company; 1 case is pending. The company has 4 deals on record (3 market trades, 1 ipo); the latest was in July 2024. The company has 4 MSME Form 1 returns on record between 2019 and 2020, listing 75 overdue payments to 13 micro and small suppliers.

Aaron Industries Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-GJ-22-0012091). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website aaronindustries.net.

Company details

CIN L31908GJ2013PLC077306
Registration Number 077306
Incorporation Date 23 October 2013
ROC Ahmedabad
Listing Status Listed - Listed on NSE (AARON)
Company Status Active
Date of Last AGM 19 August 2026
Date of Balance Sheet 31 March 2026
Compliance Status Active Compliant
MSME Classification Medium
Udyam Registration UDYAM-GJ-22-0012091

CIN history

Aaron Industries has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is L31908GJ2013PLC077306, which is the unique identifier assigned by the Registrar of Companies.

CINStatus
L31908GJ2013PLC077306Current
U31908GJ2013PLC077306Previous
U31908GJ2013PTC077306Previous

Recognitions & Rankings of Aaron Industries

MSME (Udyam registered) Ministry of MSME
Category
Medium (2024-25)
Udyam number
UDYAM-GJ-22-0012091

Contact details

Aaron Industries Limited's registered office is in Surat, Gujarat. Its website is aaronindustries.net. Its e-mail address and telephone number are in the company report.

  • Email
  • Telephone
  • Social Media
  • Registered Address
    B – 65 & 66 Jawahar Road No. 4 Udhyog Nagar Udhana, Surat, Gujarat, India – 394210
  • Industry
    Metals and Minerals, Steel Manufacturing & Processing

To see the full contact details of Aaron Industries Limited, buy the company report.

Comprehensive company report
Aaron Industries Limited - one report that includes everything
  • Company details, directors and signatories
  • Historical financials and ratios
  • Shareholding pattern and group structure
  • Charges with holder and property details
  • Legal cases, compliance and MCA filings
₹799 ₹999 20% off excluding 18% GST
Secure checkout · GST invoice included

Brands

Aaron Industries operates one associated brand: Aaron Industries Ltd. Each brand links to its own profile.

BrandDescriptionWebsite
Elevator cabins and automatic door systems are manufactured and designed.aaronindustries.net

Business activity

The main business activity of Aaron Industries is manufacturing. In detail, this covers other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities and metal and metal products. 2 activity segments are registered with the MCA.

Main activity group codeMain activityBusiness activity codeBusiness activityShare of turnover
CManufacturingC13Other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities
CManufacturingC7Metal and metal products

To see the full business activity and turnover split of Aaron Industries Limited, buy the company report.

Financials of Aaron Industries Limited

FY 2025-26 filings available

Aaron Industries Limited reported revenue of ₹92.01 Cr (up 18.1% YoY) for FY 2025-26.

Financial Highlights

FY 2025-26 · Standalone
Revenue
₹92.01 Cr
+18.1% YoY
EBITDA
₹17.70 Cr
+19.5% YoY
Profit After Tax
₹6.86 Cr
-16.9% YoY
Net Worth
₹48.62 Cr
+13.0% YoY
Total Assets
₹76.36 Cr
+2.0% YoY
Total Debt
₹27.74 Cr
-12.9% YoY

Revenue vs Net Profit ₹ Cr

Margin trends

Financial summary ₹ Cr

MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Income statement
Revenue92.0177.9363.2355.8537.7424.9621.40
Revenue growth+18.1%+23.3%+13.2%+48.0%+51.2%+16.6%-
EBITDA17.7014.8111.149.545.863.463.04
EBITDA margin+19.2%+19.0%+17.6%+17.1%+15.5%+13.9%+14.2%
Profit before tax11.4311.868.527.444.862.462.01
Net profit6.868.266.355.413.711.941.42
Net profit margin+7.5%+10.6%+10.0%+9.7%+9.8%+7.8%+6.6%
EPS (₹)3.257.876.045.383.691.922.71
Balance sheet
Total assets76.3674.8967.4131.8525.0419.2416.01
Net worth48.6243.0335.8420.4815.8912.1710.80
Total debt27.7431.8631.5611.379.157.075.21
Cash & bank3.162.572.560.940.290.110.15
Net working capital25.5419.2517.3413.3910.006.256.41
Cash flow
Cash from operations7.678.635.604.071.173.271.40
Cash from investing(1.72)(7.87)(33.26)(4.84)(3.08)(4.28)(1.50)
Cash from financing(6.07)(0.72)27.690.781.911.00(0.65)
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue24.4427.3323.2022.2419.2424.1118.3318.29
Revenue growth (YoY)+27.0%+13.4%+26.6%+21.6%+11.9%---
Other income0.050.060.040.050.040.060.050.06
Total expenses19.5022.2518.3618.1215.5919.0815.0615.08
EBITDA4.945.084.844.123.655.033.273.21
EBITDA margin+20.2%+18.6%+20.9%+18.5%+19.0%+20.9%+17.8%+17.6%
Depreciation1.000.951.000.990.940.450.460.46
Interest0.520.580.640.690.680.410.350.31
Profit before tax3.473.613.242.492.074.232.512.50
Tax0.901.291.231.101.021.490.710.69

Financial Statements

Figures in ₹ Cr; negatives in brackets. Updated 23 Oct 2026
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue24.4427.3323.2022.2419.2424.1118.3318.29
Revenue growth (YoY)+27.0%+13.4%+26.6%+21.6%+11.9%---
Other income0.050.060.040.050.040.060.050.06
Total expenses19.5022.2518.3618.1215.5919.0815.0615.08
EBITDA4.945.084.844.123.655.033.273.21
EBITDA margin+20.2%+18.6%+20.9%+18.5%+19.0%+20.9%+17.8%+17.6%
Depreciation1.000.951.000.990.940.450.460.46
Interest0.520.580.640.690.680.410.350.31
Profit before tax3.473.613.242.492.074.232.512.50
Tax0.901.291.231.101.021.490.710.69
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Revenue92.0177.9363.2355.8537.7424.9621.40
Revenue growth+18.1%+23.3%+13.2%+48.0%+51.2%+16.6%-
Other income0.200.220.140.060.040.070.11
Total expenses74.3163.1252.0946.3131.8821.5018.36
Employee cost8.246.475.324.083.222.801.97
EBITDA17.7014.8111.149.545.863.463.04
EBITDA margin+19.2%+19.0%+17.6%+17.1%+15.5%+13.9%+14.2%
Depreciation3.881.811.421.150.850.630.55
Interest2.591.361.341.010.190.440.59
Profit before tax11.4311.868.527.444.862.462.01
Tax4.633.622.172.031.150.530.59
Net profit6.868.266.355.413.711.941.42
Net profit margin+7.5%+10.6%+10.0%+9.7%+9.8%+7.8%+6.6%
EPS (₹)3.257.876.045.383.691.922.71
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Equity & liabilities
Share capital20.9510.4710.4710.0410.0410.045.26
Reserves & surplus27.6732.5625.3710.445.852.135.54
Shareholders' funds (net worth)48.6243.0335.8420.4815.8912.1710.80
Secured loans26.0730.9231.179.588.256.315.15
Unsecured loans1.670.940.391.790.900.760.06
Total debt27.7431.8631.5611.379.157.075.21
Total liabilities76.3674.8967.4131.8525.0419.2416.01
Assets
Gross block65.6731.4729.1422.3017.2014.3910.17
Net block55.3324.8924.3518.9114.8512.889.29
Capital work in progress0.0032.5226.900.410.760.500.36
Investments0.000.000.000.000.000.000.22
Inventories24.4215.9916.4014.497.116.125.57
Sundry debtors7.015.223.532.542.451.732.51
Cash & bank balances3.162.572.560.940.290.110.15
Loans & advances1.001.380.691.183.990.160.78
Total current assets35.5925.1623.1819.1513.848.129.01
Total current liabilities10.055.915.845.763.841.872.60
Net working capital25.5419.2517.3413.3910.006.256.41
Total assets76.3674.8967.4131.8525.0419.2416.01
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Opening cash0.130.090.050.030.020.040.05
Net cash from operating activities7.678.635.604.071.173.271.40
Net cash from investing activities(1.72)(7.87)(33.26)(4.84)(3.08)(4.28)(1.50)
Net cash from financing activities(6.07)(0.72)27.690.781.911.00(0.65)
Net change in cash(0.12)0.040.040.010.01(0.02)(0.76)
Closing cash3.162.572.560.940.290.110.15
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Growth
Sales growth+18.1%+23.3%+13.2%+48.0%+51.2%+16.6%-
EBITDA growth+19.5%+32.9%+16.8%+62.8%+69.4%+13.8%-
PBT growth-3.6%+39.2%+14.5%+53.1%+97.6%+22.4%+28.9%
Net income growth-17.0%+30.1%+17.4%+45.8%+91.2%+36.6%-
Revenue CAGR (3Y)+18.1%+27.3%+36.3%+37.7%+29.1%+28.5%+64.6%
EBITDA CAGR (3Y)+22.9%+36.2%+47.7%+46.4%+42.6%+30.4%+133.1%
Profitability & leverage
Net income margin+7.4%+10.6%+10.0%+9.7%+9.8%+7.7%+6.6%
Return on capital employed+18.5%+18.6%+19.8%+29.7%+22.8%+16.5%+17.0%
Return on net worth+14.8%+20.9%+22.5%+29.7%+26.4%+16.8%+14.1%
Debt / equity0.650.800.760.560.580.530.52
Long-term debt / equity0.330.500.480.310.350.300.31
Interest cover18.7410.4613.7912.043.7915.5523.69
Efficiency & per share
Fixed asset turnover1.892.572.462.832.392.032.27
Inventory turnover4.554.814.095.175.714.274.21
Debtors turnover15.0517.8120.8322.3818.0611.779.84
EPS (₹)3.257.876.045.383.691.922.71
Dividend per share (₹)0.501.201.001.000.800.600.60
Book value per share (₹)23.2141.0934.2220.3915.8212.1220.53

To see the full year-wise statements and ratios of Aaron Industries Limited, buy the company report.

Board of directors of Aaron Industries Limited

Aaron Industries has 6 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.

Current Directors
NameDesignationAppointment DateTenureStatus
Hetal MehtaDirector01 Feb 20188 Years 8 MonthsCurrent
Pradeepkumar Sanmukhlal ChoksiDirector01 Feb 20188 Years 8 MonthsCurrent
Shrungi Kiranbhai DesaiDirector01 Feb 20188 Years 8 MonthsCurrent
Amar Chinubhai DoshiManaging Director23 Oct 201313 Years 0 MonthsCurrent
Karan Amar DoshiWhole-Time Director23 Oct 201313 Years 0 MonthsCurrent
Monish Amar DoshiDirector23 Oct 201313 Years 0 MonthsCurrent

Auditor

Aaron Industries Limited is audited by P.J. DESAI & CO. for the financial year 2023.

Auditor firmFinancial yearFirm registration number
P.J. DESAI & CO.FY 2023102330W

Shareholding

Shareholding for the quarter ended Sep 2026: promoters hold 73.10%, foreign institutional investors hold 0.00%, domestic institutional investors hold 0.00% and retail and other public shareholders hold 26.90%.

Promoters: 73.10%Retail & Others: 26.90%
Sep 2026
QUARTER
73.10% Promoters
26.90% Retail & Others
Promoter holding - history
Now 73.10% · Sep 2026High 73.10% · Mar 2026Low 73.00% · Dec 2025
72%72.8%73.5%74.3%75%Dec 2025Mar 2026Jun 2026Sep 2026Dec 2025: 73.00%Mar 2026: 73.10%Jun 2026: 73.10%Sep 2026: 73.10%73.10%73.00%73.10%
Shareholding trend - last 6 quarters
Sep 2026Jun 2026Mar 2026Dec 2025
Promoters73.10%73.10%73.10%73.00%
Public26.90%26.90%26.90%27.00%

Charges & borrowings

Open charges
₹52.36 Cr
Satisfied charges
₹1.59 Cr
Breakdown by lending institutions
Hdfc Bank Limited₹52.36 Cr
Latest charge details
DateCharge IDLenderAmountStatusModified or satisfied on
14 May 2026101289724Hdfc Bank Limited₹18 LakhOpen
23 Apr 2024100910233Hdfc Bank Limited₹69.54 LakhOpen
28 Jun 2023100737479Hdfc Bank Limited₹6.3 LakhOpen
07 Jul 2016100047708Hdfc Bank Limited₹51.42 CrOpen
21 Sep 2022100612376Hdfc Bank Limited₹9.29 LakhSatisfied

To see the full charge records of Aaron Industries Limited, buy the company report.

Total charge records: 10 View all charges

Deals & funding

Aaron Industries Limited has 4 deals on record (3 market trades, 1 ipo); the latest was in July 2024.

Total deals
4
Market trades
3
IPO
1

Deals on record (4 of 4)

WhenDealAmountParties
Jul 2024Market trade₹2.11 CrBuyer: Silver Line Ventures Private Limited
Seller: Silver Line Ventures Private Limited
Jul 2021Market trade₹52.4 LakhSeller: Bankim Kanubhai Doshi
Aug 2019Market trade₹14.1 LakhBuyer: an individual
Jul 2018IPO₹4.81 CrInvestors: Public Investors

Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.

MSME payment delays

Aaron Industries Limited has 4 MSME Form 1 returns on record between 2019 and 2020, listing 75 overdue payments to 13 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.

Suppliers with reported dues (5 of 13)

SupplierAmount dueDue sinceReported on
Akshar Packaging Industries
Parshwa Metal
Abhishek Ispat Private Limited
an individual supplier
Edge Glass

To see the full MSME payment records of Aaron Industries Limited, buy the company report.

Individuals and sole proprietors among the suppliers are not named.

Employees & EPFO

Aaron Industries Limited has a workforce of 163 employees on its EPFO records as of Mar 29, 2024, across 1 active EPFO establishment.

Employee count
163
Active EPFO establishments
1
Employee growth
25.38%

GST

Aaron Industries has 2 GST registrations: 2 active.

Total GSTINs
2
Active
2
GSTINStateStatusRegistered on
24AAMCA1055C1Z7GujaratActive01 Jul 2017
24AAMCA1055C2Z6GujaratActive23 Jun 2023

To see the full GST registrations and return filing status of Aaron Industries Limited, buy the company report.

Recent activity

Aaron Industries Limited has 6 board changes on record since 2013: 6 appointments. The latest: Hetal Mehta was appointed as Director on 01 Feb 2018.

AGM
Aaron Industries Limited last Annual general meeting of members was held on 19 Aug 2026 as per latest MCA records.
Charges
A charge with Hdfc Bank Limited of Rs. 51.42 Cr registered on 07 Jul 2016 with Charge ID 100047708 was modified on 10 Jul 2026.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 0.18 Cr with Charge ID 101289724 was registered on 14 May 2026.
Filing
Aaron Industries Limited has filed its annual Financial statements for the year ended 31 Mar 2026 with Roc Ahmedabad.
Charges
A charge registered on 26 Aug 2022 via Charge ID 100606596 with Hdfc Bank Limited was fully satisfied on 06 Dec 2025.
Charges
A charge registered on 21 Sep 2022 via Charge ID 100612376 with Hdfc Bank Limited was fully satisfied on 16 Oct 2025.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 0.70 Cr with Charge ID 100910233 was registered on 23 Apr 2024.
Charges
A charge registered on 01 Sep 2020 via Charge ID 100379416 with Hdfc Bank Limited was fully satisfied on 14 Feb 2024.
Charges
A charge registered on 20 Jun 2018 via Charge ID 100206642 with Hdfc Bank Limited was fully satisfied on 30 Jun 2023.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 0.06 Cr with Charge ID 100737479 was registered on 28 Jun 2023.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 0.09 Cr with Charge ID 100612376 was registered on 21 Sep 2022.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 0.29 Cr with Charge ID 100606596 was registered on 26 Aug 2022.

14 earlier events are in the company report.

Frequently asked questions

Aaron Industries is an active public limited company based in Surat, Gujarat, India. The company works in steel manufacturing and processing, within the metals and minerals industry. It was incorporated on 23 October 2013 (13+ years old) and is registered under CIN L31908GJ2013PLC077306. Listed on NSE: AARON.

Aaron Industries reported revenue of ₹92.01 Cr for FY 2025-26 (up 18.1% YoY) based on standalone financials.

Aaron Industries has 6 current directors:

The latest financial statements of Aaron Industries on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 19 August 2026. Year-wise statements from 2015 are in the company report.

The GSTIN of Aaron Industries is 24AAMCA1055C1Z7, registered in Gujarat. The company has 2 GST registrations in all, of which 2 are active. Other active GSTINs include 24AAMCA1055C2Z6 (Gujarat).

The CIN (Corporate Identification Number) of Aaron Industries is L31908GJ2013PLC077306. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

Yes. Aaron Industries is a listed company as per MCA records. Its shares are listed on NSE (symbol: AARON).

Aaron Industries has 6 court cases on record: 6 filed by the company. 1 is pending.

Aaron Industries was incorporated on 23 October 2013, making it 13+ years old. It is registered with the Registrar of Companies, Ahmedabad.

Aaron Industries has 4 deals on record (3 market trades, 1 ipo); the latest was in July 2024.

Hetal Mehta was appointed as Director on 01 Feb 2018. Pradeepkumar Sanmukhlal Choksi was appointed as Director on 01 Feb 2018. Shrungi Kiranbhai Desai was appointed as Director on 01 Feb 2018. Aaron Industries has 6 board changes on record in total.