
About Associated Group
Associated Group is a publicly listed company based in Thane (India) founded in 1973 by Lalit Kumar Daga. Metal products are manufactured by Associated Group since 1973. The company has 12 employees. Its Indian entity Hind Aluminium Industries Limited reported revenue of ₹10.54 Cr.
Company details
Associated Group was established in 1973 in Thane, India, with Lalit Kumar Daga as founder. Metal products are produced by the company within the manufacturing sector. Operations are based in Thane, encompassing fabrication and assembly processes for industrial applications. The entitys domain, associatedgroup.com, supports its online activities. Key personnel details include the founders DIN 00089905 and PAN ADTPD1808K.
- Headquarters Thane, India
- Employees 12
- Founders Lalit Kumar Daga
- Stage Public
- Email••••••••
- Phone•••• ••••
- Website associatedgroup.com
- Social LinkedIn
- Legal Name Hind Aluminium Industries Limited
- Market Cap₹56.68 Cr
HINDALUMI · NSE
- Share Price₹90.43
+0.51% today
- Revenue₹7.21 Cr
FY 2025-26 · +134.9% YoY
- EBITDA−₹4.06 Cr
Margin -56.3%
- Net Profit₹4.35 Cr
FY 2025-26 · -49.4% YoY
- P/E (TTM)15.1x
P/B 0.6x
- ROE-4.8%
ROCE -2.7%
- Debt / Equity0.04
Interest cover -5.6x
- Employee Count12
Associated legal entities of Associated Group
Associated Group operates through Hind Aluminium 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 |
|---|---|---|---|---|---|---|---|
| Hind Aluminium Industries Limited Listed CIN L28920MH1987PLC043472 | Active | 12 May 1987 | Mumbai, Maharashtra | ₹10.5 Cr | 6 | View details |
Board of directors of Hind Aluminium Industries Limited (Associated Group)
Hind Aluminium Industries Limited is the primary company behind Associated Group. The board of Hind Aluminium Industries Limited currently have 4 directors; the longest-serving is Shailesh Daga, appointed in 1987. 6 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Shailesh Daga DIN 00074225 | Managing Director | 12 May 1987 | 39 yrs 6 mo | Hind Aluminium Industries Limited |
| Lalit Kumar Daga DIN 00089905 | Director | 12 May 1987 | 39 yrs 6 mo | Hind Aluminium Industries Limited |
| Kiran Mundhra DIN 07059160 | Director | 29 Nov 2018 | 7 yrs 11 mo | Hind Aluminium Industries Limited |
| Ambarish Daga DIN 00897867 | Director | 30 May 2024 | 2 yrs 5 mo | Hind Aluminium Industries Limited |
People of Associated Group
1 people are tracked at Associated Group (1 in leadership); the tracked headcount is 12.
| Name | Role | Group |
|---|---|---|
| Founder | Leadership |
Complete people profiles for Associated Group
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 Associated Group
Associated Group is a publicly listed company on the BSE with ticker symbol HINDALUMI in India, operating in the Non-energy minerals 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 date16 Jun 2000
- Listed onBSE: 531979
- Listed entityHind Aluminium Industries Limited
- Exchange sectorNon-energy minerals
- ISININE227B01019
- Share price₹103.45 (-0.96% on the day) · 2026-05-11
- Market capitalisation₹66.4 Cr
- Price to earnings6.9
- EPS (diluted, trailing year)₹15.03
- Volume (last session)1,967
- Analyst consensusNo rating
Financials of Associated Group
Exchange-reported figures of Hind Aluminium Industries Limited, the listed company behind Associated Group (NSE: HINDALUMI).
Financial Highlights
FY 2025-26 · ConsolidatedRevenue 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 | 7.21 | 3.07 | 1.33 | 3.10 | 24.30 | 95.68 | 398 |
| Revenue growth | +134.9% | +130.8% | -57.1% | -87.2% | -74.6% | -76.0% | - |
| EBITDA | (4.06) | (1.96) | (5.06) | (15.61) | (2.25) | (8.46) | (3.45) |
| EBITDA margin | -56.3% | -63.8% | -380.5% | -503.6% | -9.3% | -8.8% | -0.9% |
| Profit before tax | (1.38) | 0.35 | 5.89 | (4.73) | (8.67) | (19.12) | (14.17) |
| Net profit | 4.35 | 8.59 | 5.92 | (0.73) | (0.95) | (14.19) | (8.53) |
| Net profit margin | +60.3% | +279.8% | +445.1% | -23.6% | -3.9% | -14.8% | -2.1% |
| EPS (₹) | 9.05 | 11.80 | 25.37 | 10.69 | (1.35) | (22.55) | (13.56) |
| Balance sheet | |||||||
| Total assets | 98.67 | 84.32 | 76.92 | 63.27 | 73.95 | 86.14 | 172 |
| Net worth | 90.89 | 84.31 | 76.87 | 65.59 | 57.31 | 56.93 | 71.12 |
| Total debt | 7.78 | 0.00 | 0.00 | 2.04 | 21.53 | 31.73 | 103 |
| Cash & bank | 1.74 | 2.54 | 2.54 | 1.91 | 4.70 | 5.30 | 15.86 |
| Net working capital | 22.66 | 11.00 | 8.18 | 14.90 | 30.57 | 25.72 | 114 |
| Cash flow | |||||||
| Cash from operations | (16.75) | (3.19) | (3.44) | (0.10) | 12.67 | 70.58 | 18.60 |
| Cash from investing | 9.10 | 2.00 | 5.67 | 21.51 | 3.73 | (0.26) | (11.88) |
| Cash from financing | 7.53 | (0.26) | (2.27) | (20.26) | (16.99) | (80.48) | 3.72 |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 5.36 | 1.18 | 2.35 | 2.62 | 1.06 | 2.21 | 0.25 | 0.36 |
| Revenue growth (YoY) | +405.7% | -46.6% | +840.0% | +627.8% | +324.0% | - | - | - |
| Other income | 2.19 | 2.91 | 1.81 | 2.10 | 5.03 | 6.22 | 0.62 | 2.98 |
| EBITDA | 0.68 | (1.70) | (0.84) | (0.75) | (0.77) | (0.87) | (0.38) | (0.58) |
| EBITDA margin | +12.7% | -144.1% | -35.7% | -28.6% | -72.6% | -39.4% | -152.0% | -161.1% |
| Depreciation | 0.11 | 0.11 | 0.10 | 0.10 | 0.09 | 0.08 | 0.08 | 0.09 |
| Interest | 0.04 | 0.14 | 0.07 | 0.00 | 0.04 | 0.15 | 0.05 | 0.00 |
| Profit before tax | 2.72 | 0.96 | 0.80 | 1.25 | 4.13 | 5.12 | 0.11 | 2.31 |
| Tax | 0.81 | (0.08) | 0.83 | 0.46 | 0.23 | 0.31 | 0.91 | 1.26 |
| Net profit | 1.91 | 1.04 | (0.03) | 0.79 | 3.90 | 4.81 | (0.80) | 1.05 |
| EPS (₹) | 3.03 | 1.65 | (0.05) | 1.25 | 6.19 | 7.63 | (1.27) | 1.67 |
| 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 | 7.21 | 3.07 | 1.33 | 2.38 | 23.58 | 85.31 | 389 |
| Revenue growth | +134.9% | +130.8% | -44.1% | -89.9% | -72.4% | -78.1% | - |
| EBITDA | (4.06) | (1.96) | (17.73) | (16.36) | 1.29 | (10.21) | 0.21 |
| EBITDA margin | -56.3% | -63.8% | -1333.1% | -687.4% | +5.5% | -12.0% | +0.1% |
| Profit before tax | 5.62 | 4.61 | 8.53 | (4.93) | (2.58) | (17.62) | (7.97) |
| Net profit | 2.43 | (0.26) | (0.79) | (12.39) | (0.87) | (13.32) | (4.78) |
| Net profit margin | +33.7% | -8.5% | -59.4% | -520.6% | -3.7% | -15.6% | -1.2% |
| EPS (₹) | 6.65 | 3.17 | 14.71 | (8.01) | (1.23) | (21.14) | (7.58) |
| Balance sheet | |||||||
| Total assets | 81.79 | 68.95 | 66.98 | 59.74 | 81.52 | 94.52 | 174 |
| Net worth | 74.01 | 68.94 | 66.93 | 57.61 | 62.65 | 63.27 | 76.07 |
| Total debt | 7.78 | 0.00 | 0.00 | 2.04 | 18.77 | 31.00 | 97.43 |
| Cash & bank | 1.74 | 2.49 | 2.49 | 1.63 | 4.61 | 5.00 | 14.91 |
| Net working capital | 22.65 | 10.96 | 8.13 | 16.66 | 35.55 | 44.40 | 110 |
| Cash flow | |||||||
| Cash from operations | (16.70) | (3.19) | 0.57 | 2.38 | 11.60 | 66.67 | 17.17 |
| Cash from investing | 9.10 | 2.00 | 1.89 | 15.93 | 4.25 | (0.25) | (16.74) |
| Cash from financing | 7.53 | (0.26) | (2.27) | (17.34) | (16.22) | (75.93) | 9.15 |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 5.37 | 1.18 | 2.35 | 2.62 | 1.06 | 2.21 | 0.25 | 0.36 |
| Revenue growth (YoY) | +406.6% | -46.6% | +840.0% | +627.8% | +324.0% | - | - | - |
| Other income | 2.07 | 1.21 | 4.29 | 2.69 | 2.14 | 1.69 | 3.89 | 0.74 |
| Total expenses | 4.68 | 2.88 | 3.19 | 3.42 | 1.78 | 3.08 | 0.24 | 0.94 |
| EBITDA | 0.69 | (1.70) | (0.84) | (0.80) | (0.72) | (0.87) | 0.01 | (0.58) |
| EBITDA margin | +12.8% | -144.1% | -35.7% | -30.5% | -67.9% | -39.4% | +4.0% | -161.1% |
| Depreciation | 0.11 | 0.11 | 0.10 | 0.10 | 0.09 | 0.08 | 0.08 | 0.09 |
| Interest | 0.04 | 0.14 | 0.07 | 0.00 | 0.04 | 0.15 | 0.05 | 0.00 |
| Profit before tax | 2.61 | (0.74) | 3.28 | 1.79 | 1.29 | 0.59 | 3.77 | 0.07 |
| Tax | 0.81 | (0.08) | 0.83 | 0.46 | 0.23 | 0.31 | 0.92 | 1.25 |
Financial Statements
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 5.36 | 1.18 | 2.35 | 2.62 | 1.06 | 2.21 | 0.25 | 0.36 |
| Revenue growth (YoY) | +405.7% | -46.6% | +840.0% | +627.8% | +324.0% | - | - | - |
| Other income | 2.19 | 2.91 | 1.81 | 2.10 | 5.03 | 6.22 | 0.62 | 2.98 |
| EBITDA | 0.68 | (1.70) | (0.84) | (0.75) | (0.77) | (0.87) | (0.38) | (0.58) |
| EBITDA margin | +12.7% | -144.1% | -35.7% | -28.6% | -72.6% | -39.4% | -152.0% | -161.1% |
| Depreciation | 0.11 | 0.11 | 0.10 | 0.10 | 0.09 | 0.08 | 0.08 | 0.09 |
| Interest | 0.04 | 0.14 | 0.07 | 0.00 | 0.04 | 0.15 | 0.05 | 0.00 |
| Profit before tax | 2.72 | 0.96 | 0.80 | 1.25 | 4.13 | 5.12 | 0.11 | 2.31 |
| Tax | 0.81 | (0.08) | 0.83 | 0.46 | 0.23 | 0.31 | 0.91 | 1.26 |
| Net profit | 1.91 | 1.04 | (0.03) | 0.79 | 3.90 | 4.81 | (0.80) | 1.05 |
| EPS (₹) | 3.03 | 1.65 | (0.05) | 1.25 | 6.19 | 7.63 | (1.27) | 1.67 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 7.21 | 3.07 | 1.33 | 3.10 | 24.30 | 95.68 | 398 |
| Revenue growth | +134.9% | +130.8% | -57.1% | -87.2% | -74.6% | -76.0% | - |
| Other income | 3.33 | 2.87 | 11.73 | 13.04 | 1.36 | 1.26 | 3.62 |
| Total expenses | 11.27 | 5.03 | 6.39 | 18.71 | 26.55 | 104 | 402 |
| Employee cost | 2.53 | 0.78 | 0.57 | 1.07 | 2.82 | 4.94 | 8.48 |
| EBITDA | (4.06) | (1.96) | (5.06) | (15.61) | (2.25) | (8.46) | (3.45) |
| EBITDA margin | -56.3% | -63.8% | -380.5% | -503.6% | -9.3% | -8.8% | -0.9% |
| Depreciation | 0.40 | 0.33 | 0.54 | 1.39 | 2.17 | 2.98 | 3.50 |
| Interest | 0.25 | 0.23 | 0.24 | 0.77 | 5.61 | 8.94 | 10.84 |
| Profit before tax | (1.38) | 0.35 | 5.89 | (4.73) | (8.67) | (19.12) | (14.17) |
| Tax | 1.44 | 2.61 | (0.73) | (0.47) | (0.78) | (4.60) | (3.53) |
| Net profit | 4.35 | 8.59 | 5.92 | (0.73) | (0.95) | (14.19) | (8.53) |
| Net profit margin | +60.3% | +279.8% | +445.1% | -23.6% | -3.9% | -14.8% | -2.1% |
| EPS (₹) | 9.05 | 11.80 | 25.37 | 10.69 | (1.35) | (22.55) | (13.56) |
| 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 | 6.30 | 6.30 | 6.30 | 6.30 | 6.30 | 6.30 | 6.30 |
| Reserves & surplus | 84.59 | 78.01 | 70.57 | 59.29 | 51.01 | 50.63 | 64.82 |
| Shareholders' funds (net worth) | 90.89 | 84.31 | 76.87 | 65.59 | 57.31 | 56.93 | 71.12 |
| Minority interest | 0.00 | 0.00 | 0.00 | (4.44) | (4.99) | (2.51) | (2.07) |
| Secured loans | 7.64 | 0.00 | 0.00 | 0.00 | 10.98 | 23.56 | 95.04 |
| Unsecured loans | 0.14 | 0.00 | 0.00 | 2.04 | 10.55 | 8.17 | 8.23 |
| Total debt | 7.78 | 0.00 | 0.00 | 2.04 | 21.53 | 31.73 | 103 |
| Total liabilities | 98.67 | 84.32 | 76.92 | 63.27 | 73.95 | 86.14 | 172 |
| Assets | |||||||
| Gross block | 19.47 | 17.07 | 17.09 | 45.13 | 56.71 | 57.49 | 57.86 |
| Net block | 5.77 | 4.60 | 4.91 | 15.57 | 18.60 | 20.67 | 23.74 |
| Capital work in progress | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | 65.62 | 63.78 | 56.71 | 24.99 | 17.73 | 16.76 | 14.72 |
| Inventories | 1.93 | 0.00 | 0.00 | 1.15 | 4.48 | 12.38 | 34.23 |
| Sundry debtors | 5.34 | 1.10 | 0.32 | 1.46 | 7.57 | 11.50 | 69.45 |
| Cash & bank balances | 1.74 | 2.54 | 2.54 | 1.91 | 4.70 | 5.30 | 15.86 |
| Loans & advances | 16.06 | 7.78 | 5.85 | 14.17 | 19.10 | 6.34 | 10.55 |
| Total current assets | 25.07 | 11.42 | 8.71 | 18.69 | 35.85 | 35.52 | 130 |
| Total current liabilities | 2.41 | 0.42 | 0.53 | 3.79 | 5.28 | 9.80 | 16.27 |
| Net working capital | 22.66 | 11.00 | 8.18 | 14.90 | 30.57 | 25.72 | 114 |
| Total assets | 98.67 | 84.32 | 76.92 | 63.27 | 73.95 | 86.14 | 172 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 0.23 | 1.69 | 1.73 | 0.58 | 1.17 | 11.41 | 0.97 |
| Net cash from operating activities | (16.75) | (3.19) | (3.44) | (0.10) | 12.67 | 70.58 | 18.60 |
| Net cash from investing activities | 9.10 | 2.00 | 5.67 | 21.51 | 3.73 | (0.26) | (11.88) |
| Net cash from financing activities | 7.53 | (0.26) | (2.27) | (20.26) | (16.99) | (80.48) | 3.72 |
| Net change in cash | (0.12) | (1.45) | (0.04) | 1.14 | (0.59) | (10.16) | 10.44 |
| Closing cash | 1.74 | 2.54 | 2.54 | 1.91 | 4.70 | 5.30 | 15.86 |
| 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 | +134.9% | +130.8% | -57.1% | -87.2% | -74.6% | -76.0% | - |
| EBITDA growth | -107.1% | +61.3% | +67.6% | -593.8% | +73.4% | -145.2% | - |
| PBT growth | - | -94.1% | +9998.0% | +45.4% | +54.7% | -34.9% | - |
| Net income growth | -49.4% | +45.1% | +911.0% | +23.2% | +93.3% | -66.4% | - |
| Revenue CAGR (3Y) | +32.5% | -49.8% | -76.0% | -80.2% | -64.8% | -48.6% | -7.2% |
| EBITDA CAGR (3Y) | -36.2% | -4.5% | -15.8% | +65.4% | - | - | - |
| Profitability & leverage | |||||||
| Net income margin | -39.1% | -73.6% | +497.7% | -137.4% | -32.5% | -15.2% | -2.7% |
| Return on capital employed | -2.7% | -1.1% | -5.4% | -15.6% | -3.6% | -7.8% | -1.9% |
| Return on net worth | -4.8% | -1.4% | -4.8% | -19.1% | -13.8% | -22.7% | -14.0% |
| Debt / equity | 0.04 | 0.00 | 0.01 | 0.19 | 0.47 | 1.05 | 1.27 |
| Long-term debt / equity | 0.00 | 0.00 | 0.00 | 0.05 | 0.08 | 0.06 | 0.07 |
| Interest cover | -5.61 | -10.04 | -4.29 | -4.53 | -126.92 | -78.15 | -155.97 |
| Efficiency & per share | |||||||
| Fixed asset turnover | 0.39 | 0.18 | 0.04 | 0.06 | 0.43 | 1.66 | 6.90 |
| Inventory turnover | 7.47 | 0.00 | 2.31 | 1.10 | 2.88 | 4.11 | 8.68 |
| Debtors turnover | 2.24 | 4.32 | 1.49 | 0.69 | 2.55 | 2.36 | 5.37 |
| EPS (₹) | 9.05 | 11.80 | 25.37 | 10.69 | (1.35) | (22.55) | (13.56) |
| Dividend per share (₹) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Book value per share (₹) | 144.27 | 133.83 | 122.01 | 104.10 | 90.96 | 90.36 | 112.88 |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 5.37 | 1.18 | 2.35 | 2.62 | 1.06 | 2.21 | 0.25 | 0.36 |
| Revenue growth (YoY) | +406.6% | -46.6% | +840.0% | +627.8% | +324.0% | - | - | - |
| Other income | 2.07 | 1.21 | 4.29 | 2.69 | 2.14 | 1.69 | 3.89 | 0.74 |
| Total expenses | 4.68 | 2.88 | 3.19 | 3.42 | 1.78 | 3.08 | 0.24 | 0.94 |
| EBITDA | 0.69 | (1.70) | (0.84) | (0.80) | (0.72) | (0.87) | 0.01 | (0.58) |
| EBITDA margin | +12.8% | -144.1% | -35.7% | -30.5% | -67.9% | -39.4% | +4.0% | -161.1% |
| Depreciation | 0.11 | 0.11 | 0.10 | 0.10 | 0.09 | 0.08 | 0.08 | 0.09 |
| Interest | 0.04 | 0.14 | 0.07 | 0.00 | 0.04 | 0.15 | 0.05 | 0.00 |
| Profit before tax | 2.61 | (0.74) | 3.28 | 1.79 | 1.29 | 0.59 | 3.77 | 0.07 |
| Tax | 0.81 | (0.08) | 0.83 | 0.46 | 0.23 | 0.31 | 0.92 | 1.25 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 7.21 | 3.07 | 1.33 | 2.38 | 23.58 | 85.31 | 389 |
| Revenue growth | +134.9% | +130.8% | -44.1% | -89.9% | -72.4% | -78.1% | - |
| Other income | 10.33 | 7.13 | 27.04 | 13.01 | 1.76 | 3.30 | 5.31 |
| Total expenses | 11.27 | 5.03 | 19.06 | 18.74 | 22.29 | 95.52 | 389 |
| Employee cost | 2.53 | 0.78 | 0.57 | 0.72 | 1.75 | 3.88 | 6.82 |
| EBITDA | (4.06) | (1.96) | (17.73) | (16.36) | 1.29 | (10.21) | 0.21 |
| EBITDA margin | -56.3% | -63.8% | -1333.1% | -687.4% | +5.5% | -12.0% | +0.1% |
| Depreciation | 0.40 | 0.33 | 0.54 | 0.97 | 1.63 | 2.39 | 2.80 |
| Interest | 0.25 | 0.23 | 0.24 | 0.61 | 4.00 | 8.32 | 10.69 |
| Profit before tax | 5.62 | 4.61 | 8.53 | (4.93) | (2.58) | (17.62) | (7.97) |
| Tax | 1.44 | 2.61 | (0.73) | 0.11 | (1.80) | (4.30) | (3.19) |
| Net profit | 2.43 | (0.26) | (0.79) | (12.39) | (0.87) | (13.32) | (4.78) |
| Net profit margin | +33.7% | -8.5% | -59.4% | -520.6% | -3.7% | -15.6% | -1.2% |
| EPS (₹) | 6.65 | 3.17 | 14.71 | (8.01) | (1.23) | (21.14) | (7.58) |
| 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 | 6.30 | 6.30 | 6.30 | 6.30 | 6.30 | 6.30 | 6.30 |
| Reserves & surplus | 67.71 | 62.64 | 60.63 | 51.31 | 56.35 | 56.97 | 69.77 |
| Shareholders' funds (net worth) | 74.01 | 68.94 | 66.93 | 57.61 | 62.65 | 63.27 | 76.07 |
| Secured loans | 7.64 | 0.00 | 0.00 | 0.00 | 8.92 | 21.65 | 89.20 |
| Unsecured loans | 0.14 | 0.00 | 0.00 | 2.04 | 9.85 | 9.35 | 8.23 |
| Total debt | 7.78 | 0.00 | 0.00 | 2.04 | 18.77 | 31.00 | 97.43 |
| Total liabilities | 81.79 | 68.95 | 66.98 | 59.74 | 81.52 | 94.52 | 174 |
| Assets | |||||||
| Gross block | 19.48 | 17.08 | 17.06 | 35.29 | 47.03 | 47.61 | 47.97 |
| Net block | 5.77 | 4.60 | 4.91 | 9.58 | 12.20 | 13.74 | 16.20 |
| Capital work in progress | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | 48.74 | 48.46 | 46.83 | 11.85 | 13.48 | 17.06 | 14.92 |
| Inventories | 1.93 | 0.00 | 0.00 | 0.65 | 3.05 | 10.31 | 30.57 |
| Sundry debtors | 5.34 | 1.10 | 0.32 | 0.71 | 10.34 | 16.46 | 71.05 |
| Cash & bank balances | 1.74 | 2.49 | 2.49 | 1.63 | 4.61 | 5.00 | 14.91 |
| Loans & advances | 16.06 | 7.78 | 5.85 | 14.17 | 19.06 | 20.87 | 7.52 |
| Total current assets | 25.07 | 11.37 | 8.66 | 17.16 | 37.06 | 52.64 | 124 |
| Total current liabilities | 2.42 | 0.41 | 0.53 | 0.50 | 1.51 | 8.24 | 13.94 |
| Net working capital | 22.65 | 10.96 | 8.13 | 16.66 | 35.55 | 44.40 | 110 |
| Total assets | 81.79 | 68.95 | 66.98 | 59.74 | 81.52 | 94.52 | 174 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 0.18 | 1.64 | 1.46 | 0.49 | 0.86 | 10.46 | 0.87 |
| Net cash from operating activities | (16.70) | (3.19) | 0.57 | 2.38 | 11.60 | 66.67 | 17.17 |
| Net cash from investing activities | 9.10 | 2.00 | 1.89 | 15.93 | 4.25 | (0.25) | (16.74) |
| Net cash from financing activities | 7.53 | (0.26) | (2.27) | (17.34) | (16.22) | (75.93) | 9.15 |
| Net change in cash | (0.07) | (1.46) | 0.18 | 0.97 | (0.38) | (9.52) | 9.59 |
| Closing cash | 1.74 | 2.49 | 2.49 | 1.63 | 4.61 | 5.00 | 14.91 |
| 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 | +134.9% | +130.8% | -44.1% | -89.9% | -72.4% | -78.1% | - |
| EBITDA growth | -107.1% | +89.0% | -8.4% | -1368.2% | +112.6% | -4961.9% | - |
| PBT growth | +21.9% | -46.0% | +9998.0% | -91.1% | +85.4% | -121.1% | - |
| Net income growth | +1034.6% | +67.1% | +93.6% | -1324.1% | +93.5% | -178.7% | - |
| Revenue CAGR (3Y) | +44.7% | -49.3% | -75.0% | -81.7% | -64.8% | -49.4% | -7.9% |
| EBITDA CAGR (3Y) | -37.2% | - | +20.2% | - | -55.2% | - | -77.3% |
| Profitability & leverage | |||||||
| Net income margin | +58.0% | +65.2% | +696.2% | -211.8% | -3.3% | -15.6% | -1.2% |
| Return on capital employed | +6.0% | +5.0% | -2.0% | -16.7% | +1.6% | -6.9% | +1.6% |
| Return on net worth | +3.4% | -0.4% | -1.3% | -20.6% | -1.2% | -19.1% | -6.0% |
| Debt / equity | 0.05 | 0.00 | 0.02 | 0.17 | 0.40 | 0.92 | 1.11 |
| Long-term debt / equity | 0.00 | 0.00 | 0.00 | 0.05 | -15,797.36 | 0.03 | 0.04 |
| Interest cover | -5.61 | -10.04 | -1.31 | -3.52 | -1,176.47 | -66.03 | -412.74 |
| Efficiency & per share | |||||||
| Fixed asset turnover | 0.39 | 0.18 | 0.05 | 0.06 | 0.50 | 1.79 | 8.14 |
| Inventory turnover | 7.47 | 0.00 | 4.09 | 1.29 | 3.53 | 4.17 | 10.04 |
| Debtors turnover | 2.24 | 4.32 | 2.58 | 0.43 | 1.76 | 1.95 | 5.05 |
| EPS (₹) | 6.65 | 3.17 | 14.71 | (8.01) | (1.23) | (21.14) | (7.58) |
| Dividend per share (₹) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Book value per share (₹) | 117.47 | 109.43 | 106.24 | 91.44 | 99.44 | 100.42 | 120.74 |
Web traffic of Associated Group
The website of Associated Group (associatedgroup.com) receives about 1.2K visits a month.
- Monthly visits1.2K
▼ 28.9% vs previous month
Websites whose visitors overlap most with Associated Group. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
radiantmetals.com | radiantmetals.com | 100% | #11,435,505 | – | |
| jsbalu.com | 99% | View details | |||
kmcaluminium.com | kmcaluminium.com | 96% | #7,374,187 | – | |
bansalmetals.com | bansalmetals.com | 95% | #10,060,058 | – | |
| marutialluminium.com | 94% | View details | |||
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 17 similar websites and full traffic analytics for Associated Group
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- Audience overlap
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Frequently Asked Questions about Associated Group
Associated Group was founded in 1973.
Associated Group is headquartered in Thane, India. It is registered at Thane, Maharashtra, India.
Associated Group has 12 employees.
The primary company behind Associated Group, Hind Aluminium Industries Limited, reported revenue of ₹10.54 Cr for FY 2026, up 135% year on year.
Associated Group was established in 1973 in Thane, India, with Lalit Kumar Daga as founder. Metal products are produced by the company within the manufacturing sector. Operations are based in Thane, encompassing fabrication and assembly processes for industrial applications. The entitys domain, associatedgroup.com, supports its online activities. Key personnel details include the founders DIN 00089905 and PAN ADTPD1808K.
Yes, Associated Group is publicly traded on BSE under the ticker symbol HINDALUMI.
Associated Group operates through Hind Aluminium Industries Limited.
The legal entities of Associated Group currently have 6 directors, including Shailesh Daga, Kiran Mundhra, Mahendra Kumar Jain and others.
