Financial Performance
Agarwal Industrial Corporation Limited reported significant decline in standalone financial performance for FY 2025-26. Revenue decreased by 32.93% to ₹1,354.32 crore from ₹2,019.49 crore in FY25. Profit After Tax stood at ₹34.44 crore compared to ₹53.63 crore in the previous year. Bitumen sales volume declined 39.08% to 3,26,499.03 MTS. Consolidated performance showed revenue of ₹165.22 crore and PAT of ₹43.57 crore, with foreign currency translation gains of ₹23.29 crore in Other Comprehensive Income.
Corporate Actions & Developments
The Board recommended a dividend of ₹3.30 per equity share, maintaining the same payout as previous year. The company completed two significant acquisitions: 100% acquisition of Konkan Storage Systems (Karwar) Private Limited for ₹22 crore and acquired 26% equity stake in RKCIPL Karmala Tembhurni Highways Private Limited, making it an Associate Company. The company also proposed diversification into chemical trading and infrastructure EPC business through amendment of Memorandum of Association.
Capital Structure & Investments
Paid-up share capital remained stable at ₹14.96 crore (1,49,57,789 equity shares). Capital expenditure during FY26 was ₹25.37 crore with capital work-in-progress of ₹30.01 crore. Investments included ₹38.49 crore in mutual funds and ₹4.07 crore in subsidiaries. Borrowings stood at ₹14.20 crore (current) and ₹0.56 crore (non-current) standalone.
AGM & Corporate Governance
The 32nd Annual General Meeting is scheduled for September 24, 2026 through video conference. Key agenda items include adoption of financial statements, dividend declaration, re-appointment of Mr. Jaiprakash Agarwal as Director, appointment of Cost Auditors, omnibus approval for Related Party Transactions aggregating ₹243.29 crore for FY27, and amendment of MOA for business diversification. E-voting will be available from September 21-23, 2026.
Operational Segments
Standalone operations comprise three segments: Ancillary Infra - Bitumen & Allied Products (₹127.80 Cr revenue), Logistics (₹5.59 Cr revenue), and Windmill (₹0.09 Cr revenue). Consolidated operations include five segments with Petroleum Vessels Operating and Chartering contributing ₹28.13 Cr revenue. The company maintains manufacturing units across multiple states and storage facilities in key locations.
Regulatory & Legal Matters
The company faced temporary non-compliance with SEBI LODR Regulation 6(1) regarding appointment of Compliance Officer, rectified from June 16, 2025. Ongoing legal matters include property tax dispute with Panvel Municipal Corporation, GST demand appeal of ₹2.47 lakh, and customs refund appeals of ₹86.55 lakh. CRISIL maintained 'A/Negative' rating for working capital limits.
Related Parties & Subsidiaries
The group has five wholly-owned subsidiaries: Bituminex Cochin, AICL Overseas FZ-LLC, Agarwal Translink, AICL Finance, and Konkan Storage Systems. Significant related party transactions include ₹6.61 Cr freight paid to Agarwal Translink, ₹6.90 Cr interest received from AICL Overseas, and ₹94.66 Cr loan outstanding to AICL Overseas. CSR expenditure was ₹2.26 Cr focused on hunger eradication, education, and healthcare initiatives.