AGARWALFT - Agarwal Float
Financial Performance
Revenue Growth by Segment
The company operates in a single segment: Trading of Glasses and allied activities. Revenue from this segment was ā¹ 7,205.54 Lakhs in FY25, representing an 8.68% decrease from ā¹ 7,890.54 Lakhs in FY24.
Geographic Revenue Split
Not disclosed in available documents; however, the registered office and operations are based in Jaipur, Rajasthan.
Profitability Margins
Net profit margin was 4.26% (ā¹ 307.03 Lakhs) in FY25. Return on Equity (ROE) improved significantly by 1324.41% to 18.09% from 1.27% in FY24.
EBITDA Margin
Profit Before Tax (PBT) margin was 5.87% (ā¹ 423.05 Lakhs) in FY25, up from 3.39% (ā¹ 268.02 Lakhs) in FY24.
Capital Expenditure
The company is adding new plant and machinery to manage demand for sustainable packaging, though specific INR values for planned CAPEX were not disclosed.
Credit Rating & Borrowing
Debt-Equity ratio stood at 0.95 in FY25, a 10.47% increase from 0.86 in FY24. Finance costs for FY25 were ā¹ 145.87 Lakhs.
Operational Drivers
Raw Materials
Glass and allied products for trading. Cost of materials purchased was ā¹ 6,643.37 Lakhs, which is 92.2% of total revenue.
Capacity Expansion
Planning to enter new segments and adding new plant and machinery for sustainable packaging solutions; current capacity metrics not provided.
Raw Material Costs
Cost of materials purchased was ā¹ 6,643.37 Lakhs in FY25, a 13.72% decrease from ā¹ 7,700.04 Lakhs in FY24.
Manufacturing Efficiency
Inventory turnover ratio decreased by 14.65% to 5.36 in FY25 from 6.28 in FY24.
Logistics & Distribution
Logistics and transportation costs are noted as a threat to business operations.
Strategic Growth
Expected Growth Rate
Not disclosed
Growth Strategy
Growth will be pursued by entering new segments, specifically the furniture market and sustainable packaging solutions, and by adding new plant and machinery to enhance operational capabilities.
Products & Services
Glass products, allied glass materials, furniture market solutions, and sustainable packaging solutions.
Brand Portfolio
Agarwal Float Glass.
New Products/Services
Sustainable packaging solutions and new furniture market segments.
Market Expansion
Entering new geographies to establish long-term relationships.
External Factors
Industry Trends
Growing demand for sustainable packaging; industry shifting towards specialized glass applications in furniture.
Competitive Landscape
Intense competition from local and global players.
Competitive Moat
Experienced promoters and a strong balance sheet (D/E 0.95) provide a durable advantage in the trading sector.
Macro Economic Sensitivity
Sensitive to economic conditions, government policies, and political stability.
Consumer Behavior
Increasing preference for sustainable packaging and high-quality glass materials.
Geopolitical Risks
Changes in Government of India policies or political instability are noted as adverse factors.
Regulatory & Governance
Industry Regulations
Compliance with SEBI (LODR) and Companies Act 2013; no specific pollution or pricing control norms mentioned.
Taxation Policy Impact
Effective tax rate of 27.4% in FY25 based on tax expense of ā¹ 116.02 Lakhs.
Legal Contingencies
The company has no pending litigation as of March 31, 2025.
Risk Analysis
Key Uncertainties
Market risk, reputation risk, competition risk, and technological risk.
Geographic Concentration Risk
Operations are concentrated in Jaipur, Rajasthan.
Technology Obsolescence Risk
Technological risk is identified as an inherent business risk.
Credit & Counterparty Risk
Trade receivables turnover ratio improved to 7.82 in FY25 from 6.75 in FY24.