About Aaron Industries Ltd
Aaron Industries Ltd is a publicly listed company based in Surat (India) founded in 2013 by Amar Chinubhai Doshi. Elevator cabins and automatic door systems are manufactured and designed. It operates on a Direct-to-Consumer (D2C) and Reseller / Distribution model. The company has 163 employees. Its Indian entity Aaron Industries Limited reported revenue of ₹92.21 Cr. Aaron Industries Ltd offers products and services including Elevator Cabins, Elevator Autodoors, Designer Sheets, and Elevator Components. Its focus areas include Industrial Goods, Machinery and Elevator Manufacturing.
Company details
Aaron Industries Ltd is involved in the production of elevator cabins, autodoors, designer sheets, and components. The company operates within the vertical transportation industry, focusing on safety and innovation. Solutions are provided for various sectors with an emphasis on quality and advanced technology. Operations are supported by a nationwide distribution network in India, catering to domestic and international markets. Sustainability and customer satisfaction are prioritized through certified manufacturing processes.
- Headquarters Surat, India
- Employees 163
- Founders Amar Chinubhai Doshi
- Stage Public
- SectorsIndustrial Goods & Manufacturing
- Email••••••••
- Phone•••• ••••
- Website aaronindustries.net
- Social Facebook Instagram YouTube
- Legal Name Aaron Industries Ltd.
- Market Cap₹260 Cr
AARON · NSE
- Share Price₹124.06
-0.07% 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)30.8x
P/B 5.3x
- ROE14.8%
ROCE 18.5%
- Debt / Equity0.65
Interest cover 18.7x
- Employee Count163
Associated legal entities of Aaron Industries Ltd
Aaron Industries Ltd operates through Aaron Industries Limited, a listed company (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2026) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Aaron Industries Limited Listed CIN L31908GJ2013PLC077306 | Active | 23 Oct 2013 | Surat, Gujarat | ₹92.2 Cr | 201 | 8 | View details |
Products & Services of Aaron Industries Ltd
Aaron Industries Ltd offers a comprehensive portfolio of products and services, including Elevator Cabins, Elevator Autodoors, Designer Sheets, and Elevator Components.
Elevator cabins are designed for safety and reliability.
Automatic doors are provided for efficient elevator access.
Decorative sheets are crafted for aesthetic elevator interiors.
Various components are supplied for elevator system integration.
Apps and channels of Aaron Industries Ltd
its YouTube channel Aaron Industries Ltd - Surat has 734 subscribers and 22 videos.
Videos from Aaron Industries Ltd
The most watched videos on Aaron Industries Ltd's YouTube channel, Aaron Industries Ltd - Surat (734 subscribers). Click a video to play it here.
More on Aaron Industries Ltd - Surat.
Board of directors of Aaron Industries Limited (Aaron Industries Ltd)
Aaron Industries Limited is the primary company behind Aaron Industries Ltd. The board of Aaron Industries Limited currently have 6 directors; the longest-serving is Amar Chinubhai Doshi, appointed in 2013. 1 earlier director has ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Amar Chinubhai Doshi DIN 00856635 | Managing Director | 23 Oct 2013 | 13 yrs | Aaron Industries Limited |
| Karan Amar Doshi DIN 06690242 | Whole-time director | 23 Oct 2013 | 13 yrs | Aaron Industries Limited |
| Monish Amar Doshi DIN 06690246 | Director | 23 Oct 2013 | 13 yrs | Aaron Industries Limited |
| Hetal Mehta DIN 03370244 | Director | 01 Feb 2018 | 8 yrs 8 mo | Aaron Industries Limited |
| Pradeepkumar Sanmukhlal Choksi DIN 02709943 | Director | 01 Feb 2018 | 8 yrs 8 mo | Aaron Industries Limited |
| Shrungi Kiranbhai Desai DIN 08063562 | Director | 01 Feb 2018 | 8 yrs 8 mo | Aaron Industries Limited |
People of Aaron Industries Ltd
1 people are tracked at Aaron Industries Ltd (1 in leadership); the tracked headcount is 163.
| Name | Role | Group |
|---|---|---|
| Founder & Managing Director | Leadership |
Complete people profiles for Aaron Industries Ltd
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
IPO & Listings of Aaron Industries Ltd
Aaron Industries Ltd is a publicly listed company on the NSE with ticker symbol AARON in India, operating in the Producer manufacturing sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
- IPO date06 Nov 2020
- Listed onNSE: AARON
- Listed entityAaron Industries Ltd.
- Exchange sectorProducer manufacturing
- ISININE721Z01010
- Share price₹130.72 (-0.34% on the day) · 2026-10-14
- Market capitalisation₹275 Cr
- Price to earnings33.0
- EPS (diluted, trailing year)₹3.96
- Dividend yield0.38%
- Volume (last session)4,663
Financials of Aaron Industries Ltd
Exchange-reported figures of Aaron Industries Limited, the listed company behind Aaron Industries Ltd (NSE: AARON).
Financial Highlights
FY 2025-26 · StandaloneRevenue vs Net Profit ₹ Cr
Margin trends
Financial summary ₹ Cr
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 92.01 | 77.93 | 63.23 | 55.85 | 37.74 | 24.96 | 21.40 |
| Revenue growth | +18.1% | +23.3% | +13.2% | +48.0% | +51.2% | +16.6% | - |
| EBITDA | 17.70 | 14.81 | 11.14 | 9.54 | 5.86 | 3.46 | 3.04 |
| EBITDA margin | +19.2% | +19.0% | +17.6% | +17.1% | +15.5% | +13.9% | +14.2% |
| Profit before tax | 11.43 | 11.86 | 8.52 | 7.44 | 4.86 | 2.46 | 2.01 |
| Net profit | 6.86 | 8.26 | 6.35 | 5.41 | 3.71 | 1.94 | 1.42 |
| Net profit margin | +7.5% | +10.6% | +10.0% | +9.7% | +9.8% | +7.8% | +6.6% |
| EPS (₹) | 3.25 | 7.87 | 6.04 | 5.38 | 3.69 | 1.92 | 2.71 |
| Balance sheet | |||||||
| Total assets | 76.36 | 74.89 | 67.41 | 31.85 | 25.04 | 19.24 | 16.01 |
| Net worth | 48.62 | 43.03 | 35.84 | 20.48 | 15.89 | 12.17 | 10.80 |
| Total debt | 27.74 | 31.86 | 31.56 | 11.37 | 9.15 | 7.07 | 5.21 |
| Cash & bank | 3.16 | 2.57 | 2.56 | 0.94 | 0.29 | 0.11 | 0.15 |
| Net working capital | 25.54 | 19.25 | 17.34 | 13.39 | 10.00 | 6.25 | 6.41 |
| Cash flow | |||||||
| Cash from operations | 7.67 | 8.63 | 5.60 | 4.07 | 1.17 | 3.27 | 1.40 |
| Cash from investing | (1.72) | (7.87) | (33.26) | (4.84) | (3.08) | (4.28) | (1.50) |
| Cash from financing | (6.07) | (0.72) | 27.69 | 0.78 | 1.91 | 1.00 | (0.65) |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 24.44 | 27.33 | 23.20 | 22.24 | 19.24 | 24.11 | 18.33 | 18.29 |
| Revenue growth (YoY) | +27.0% | +13.4% | +26.6% | +21.6% | +11.9% | - | - | - |
| Other income | 0.05 | 0.06 | 0.04 | 0.05 | 0.04 | 0.06 | 0.05 | 0.06 |
| Total expenses | 19.50 | 22.25 | 18.36 | 18.12 | 15.59 | 19.08 | 15.06 | 15.08 |
| EBITDA | 4.94 | 5.08 | 4.84 | 4.12 | 3.65 | 5.03 | 3.27 | 3.21 |
| EBITDA margin | +20.2% | +18.6% | +20.9% | +18.5% | +19.0% | +20.9% | +17.8% | +17.6% |
| Depreciation | 1.00 | 0.95 | 1.00 | 0.99 | 0.94 | 0.45 | 0.46 | 0.46 |
| Interest | 0.52 | 0.58 | 0.64 | 0.69 | 0.68 | 0.41 | 0.35 | 0.31 |
| Profit before tax | 3.47 | 3.61 | 3.24 | 2.49 | 2.07 | 4.23 | 2.51 | 2.50 |
| Tax | 0.90 | 1.29 | 1.23 | 1.10 | 1.02 | 1.49 | 0.71 | 0.69 |
Financial Statements
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 24.44 | 27.33 | 23.20 | 22.24 | 19.24 | 24.11 | 18.33 | 18.29 |
| Revenue growth (YoY) | +27.0% | +13.4% | +26.6% | +21.6% | +11.9% | - | - | - |
| Other income | 0.05 | 0.06 | 0.04 | 0.05 | 0.04 | 0.06 | 0.05 | 0.06 |
| Total expenses | 19.50 | 22.25 | 18.36 | 18.12 | 15.59 | 19.08 | 15.06 | 15.08 |
| EBITDA | 4.94 | 5.08 | 4.84 | 4.12 | 3.65 | 5.03 | 3.27 | 3.21 |
| EBITDA margin | +20.2% | +18.6% | +20.9% | +18.5% | +19.0% | +20.9% | +17.8% | +17.6% |
| Depreciation | 1.00 | 0.95 | 1.00 | 0.99 | 0.94 | 0.45 | 0.46 | 0.46 |
| Interest | 0.52 | 0.58 | 0.64 | 0.69 | 0.68 | 0.41 | 0.35 | 0.31 |
| Profit before tax | 3.47 | 3.61 | 3.24 | 2.49 | 2.07 | 4.23 | 2.51 | 2.50 |
| Tax | 0.90 | 1.29 | 1.23 | 1.10 | 1.02 | 1.49 | 0.71 | 0.69 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 92.01 | 77.93 | 63.23 | 55.85 | 37.74 | 24.96 | 21.40 |
| Revenue growth | +18.1% | +23.3% | +13.2% | +48.0% | +51.2% | +16.6% | - |
| Other income | 0.20 | 0.22 | 0.14 | 0.06 | 0.04 | 0.07 | 0.11 |
| Total expenses | 74.31 | 63.12 | 52.09 | 46.31 | 31.88 | 21.50 | 18.36 |
| Employee cost | 8.24 | 6.47 | 5.32 | 4.08 | 3.22 | 2.80 | 1.97 |
| EBITDA | 17.70 | 14.81 | 11.14 | 9.54 | 5.86 | 3.46 | 3.04 |
| EBITDA margin | +19.2% | +19.0% | +17.6% | +17.1% | +15.5% | +13.9% | +14.2% |
| Depreciation | 3.88 | 1.81 | 1.42 | 1.15 | 0.85 | 0.63 | 0.55 |
| Interest | 2.59 | 1.36 | 1.34 | 1.01 | 0.19 | 0.44 | 0.59 |
| Profit before tax | 11.43 | 11.86 | 8.52 | 7.44 | 4.86 | 2.46 | 2.01 |
| Tax | 4.63 | 3.62 | 2.17 | 2.03 | 1.15 | 0.53 | 0.59 |
| Net profit | 6.86 | 8.26 | 6.35 | 5.41 | 3.71 | 1.94 | 1.42 |
| Net profit margin | +7.5% | +10.6% | +10.0% | +9.7% | +9.8% | +7.8% | +6.6% |
| EPS (₹) | 3.25 | 7.87 | 6.04 | 5.38 | 3.69 | 1.92 | 2.71 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 20.95 | 10.47 | 10.47 | 10.04 | 10.04 | 10.04 | 5.26 |
| Reserves & surplus | 27.67 | 32.56 | 25.37 | 10.44 | 5.85 | 2.13 | 5.54 |
| Shareholders' funds (net worth) | 48.62 | 43.03 | 35.84 | 20.48 | 15.89 | 12.17 | 10.80 |
| Secured loans | 26.07 | 30.92 | 31.17 | 9.58 | 8.25 | 6.31 | 5.15 |
| Unsecured loans | 1.67 | 0.94 | 0.39 | 1.79 | 0.90 | 0.76 | 0.06 |
| Total debt | 27.74 | 31.86 | 31.56 | 11.37 | 9.15 | 7.07 | 5.21 |
| Total liabilities | 76.36 | 74.89 | 67.41 | 31.85 | 25.04 | 19.24 | 16.01 |
| Assets | |||||||
| Gross block | 65.67 | 31.47 | 29.14 | 22.30 | 17.20 | 14.39 | 10.17 |
| Net block | 55.33 | 24.89 | 24.35 | 18.91 | 14.85 | 12.88 | 9.29 |
| Capital work in progress | 0.00 | 32.52 | 26.90 | 0.41 | 0.76 | 0.50 | 0.36 |
| Investments | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.22 |
| Inventories | 24.42 | 15.99 | 16.40 | 14.49 | 7.11 | 6.12 | 5.57 |
| Sundry debtors | 7.01 | 5.22 | 3.53 | 2.54 | 2.45 | 1.73 | 2.51 |
| Cash & bank balances | 3.16 | 2.57 | 2.56 | 0.94 | 0.29 | 0.11 | 0.15 |
| Loans & advances | 1.00 | 1.38 | 0.69 | 1.18 | 3.99 | 0.16 | 0.78 |
| Total current assets | 35.59 | 25.16 | 23.18 | 19.15 | 13.84 | 8.12 | 9.01 |
| Total current liabilities | 10.05 | 5.91 | 5.84 | 5.76 | 3.84 | 1.87 | 2.60 |
| Net working capital | 25.54 | 19.25 | 17.34 | 13.39 | 10.00 | 6.25 | 6.41 |
| Total assets | 76.36 | 74.89 | 67.41 | 31.85 | 25.04 | 19.24 | 16.01 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 0.13 | 0.09 | 0.05 | 0.03 | 0.02 | 0.04 | 0.05 |
| Net cash from operating activities | 7.67 | 8.63 | 5.60 | 4.07 | 1.17 | 3.27 | 1.40 |
| 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) | 27.69 | 0.78 | 1.91 | 1.00 | (0.65) |
| Net change in cash | (0.12) | 0.04 | 0.04 | 0.01 | 0.01 | (0.02) | (0.76) |
| Closing cash | 3.16 | 2.57 | 2.56 | 0.94 | 0.29 | 0.11 | 0.15 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 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 / equity | 0.65 | 0.80 | 0.76 | 0.56 | 0.58 | 0.53 | 0.52 |
| Long-term debt / equity | 0.33 | 0.50 | 0.48 | 0.31 | 0.35 | 0.30 | 0.31 |
| Interest cover | 18.74 | 10.46 | 13.79 | 12.04 | 3.79 | 15.55 | 23.69 |
| Efficiency & per share | |||||||
| Fixed asset turnover | 1.89 | 2.57 | 2.46 | 2.83 | 2.39 | 2.03 | 2.27 |
| Inventory turnover | 4.55 | 4.81 | 4.09 | 5.17 | 5.71 | 4.27 | 4.21 |
| Debtors turnover | 15.05 | 17.81 | 20.83 | 22.38 | 18.06 | 11.77 | 9.84 |
| EPS (₹) | 3.25 | 7.87 | 6.04 | 5.38 | 3.69 | 1.92 | 2.71 |
| Dividend per share (₹) | 0.50 | 1.20 | 1.00 | 1.00 | 0.80 | 0.60 | 0.60 |
| Book value per share (₹) | 23.21 | 41.09 | 34.22 | 20.39 | 15.82 | 12.12 | 20.53 |
Web traffic of Aaron Industries Ltd
The website of Aaron Industries Ltd (aaronindustries.net) receives about 1.3K visits a month.
- Monthly visits1.3K
▼ 12.7% vs previous month
Websites whose visitors overlap most with Aaron Industries Ltd. Affinity shows how closely the audiences match.
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|---|---|---|---|---|---|
| seleniumdioxide.in | 100% | View details | |||
| veerplastics.com | 92% | 680.7K | #9,508,370 | View details | |
| sunrobotics.in | 87% | #1,186,483 | View details | ||
| jinst.in | 86% | #10,474,871 | View details | ||
| mefron.com | 80% | #2,373,533 | View details | ||
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
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Top companies in Contract & Outsourced Manufacturing
3 companies that operate in the same segment as Aaron Industries Ltd (Contract & Outsourced Manufacturing) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Industrial components, mould bases, and storage solutions are manufactured globally. | 1986 | Coimbatore, Tamil Nadu, India | USD 28 M | USD 853.09 M | 3,060 | |
Single- and three-phase transformers are manufactured in Mumbai. | 1993 | Mumbai, Maharashtra, India | USD 114.37 M | 618 | ||
Apparel and clothing are manufactured and exported on contract. | 1979 | Bengaluru, Karnataka, India | USD 400 M | 40,280 |
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Related news about Aaron Industries Ltd
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Frequently Asked Questions about Aaron Industries Ltd
Aaron Industries Ltd was founded in 2013.
Aaron Industries Ltd is headquartered in Surat, India. It is registered at Surat, Gujarat, India.
Aaron Industries Ltd has 163 employees.
The primary company behind Aaron Industries Ltd, Aaron Industries Limited, reported revenue of ₹92.21 Cr for FY 2026, up 18% year on year.
Aaron Industries Ltd is involved in the production of elevator cabins, autodoors, designer sheets, and components. The company operates within the vertical transportation industry, focusing on safety and innovation. Solutions are provided for various sectors with an emphasis on quality and advanced technology. Operations are supported by a nationwide distribution network in India, catering to domestic and international markets. Sustainability and customer satisfaction are prioritized through certified manufacturing processes.
Aaron Industries Ltd offers Elevator Cabins, Elevator Autodoors, Designer Sheets, and Elevator Components.
Yes, Aaron Industries Ltd is publicly traded on NSE under the ticker symbol AARON.
Aaron Industries Ltd operates through Aaron Industries Limited.
The legal entities of Aaron Industries Ltd currently have 7 directors, including Hetal Mehta, Pradeepkumar Sanmukhlal Choksi, Shrungi Kiranbhai Desai and others.