Agarwal Fortune India Ltd (530765)
🎯 Key Takeaways
- Agarwal Fortune India Ltd appears to be in a severe operational and financial distress phase, with no revenue or operating profit reported in the most recent quarter (Jun 2026), despite a high P/E of 107.8 and declining ROE and ROCE.
- Revenue declined 7.1% QoQ to ₹0 in Q1FY27.
- ⚠️ 1) Persistent zero revenue and profitability across multiple quarters with no signs of recovery. 2) Negative reserves and minimal asset base raising s
- Market Cap
- ₹7
- P/E Ratio
- 110.5
- P/B Ratio
- 3.72
- ROE
- 3.3%
- ROCE
- 5.6%
- Debt/Equity
- 1.43
- Promoter
- 49.3%
📖 The Story
Agarwal Fortune India Ltd appears to be in a severe operational and financial distress phase, with no revenue or operating profit reported in the most recent quarter (Jun 2026), despite a high P/E of 107.8 and declining ROE and ROCE. The company has not generated meaningful financial performance for multiple quarters, and its balance sheet shows minimal asset base with negative reserves, suggesting long-term structural challenges.
📰 What's Happening
Management has not provided any forward-looking commentary or strategic updates in the latest available filings, with no new orders, expansions, or operational initiatives disclosed in the quarterly results or management discussion sections. The company has not announced any capital raising, restructuring, or recovery plans in the recent quarters, and there has been no change in promoter or shareholder composition to signal renewed confidence.
Source: Stock Announcements
📊 Quarterly Results (₹ Cr)
| Metric | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|
| Revenue | 2 | 2 | 1 | 0 | 0 |
| Operating Profit | 0 | 0 | 0 | 0 | 0 |
| OPM % | 3.3% | 3.1% | 6.5% | 11.9% | 20.5% |
| Net Profit | 0 | 0 | 0 | 0 | 0 |
| EPS | ₹0.09 | ₹0.03 | ₹0.02 | ₹0.04 | ₹0.09 |
The company's revenue has sharply declined from ₹2 crore in Jun 2025 to ₹0 in Jun 2026, with operating profit and net profit consistently reported as zero across all recent quarters. Despite modest improvements in operating margin in earlier periods, the complete absence of revenue and profitability in the latest periods indicates a breakdown in core operations, with no visible path to recovery disclosed in the financial filings.
🔮 Management Outlook & What's Next
There is no available forward guidance or management commentary on future performance in the latest regulatory filings, and the company has not provided any strategic outlook, recovery timelines, or operational targets in its recent quarterly results or annual reports.
Extracted from official company announcements. Not StockFin.ai's opinion.
🏦 Balance Sheet (₹ Cr)
| Item | Mar 2014 |
|---|---|
| Equity Capital | 4 |
| Reserves | -2 |
| Borrowings | 3 |
| Total Liabilities | 5 |
| Fixed Assets | 0 |
| Investments | 4 |
| Total Assets | 5 |
The balance sheet as of Mar 2014 shows a minimal asset base of ₹5 crore with equity of ₹4 crore and borrowings of ₹3 crore, and there is no updated balance sheet data available beyond this vintage point, suggesting either a lack of recent financial disclosures or a dormant entity with no current operations or liabilities.
💰 Cash Flow Statement (₹ Cr)
| Item | Mar 2014 |
|---|---|
| Operating | -0 |
| Investing | +0 |
| Financing | 0 |
| Net Cash Flow | -0 |
👥 Shareholding Pattern
| Category | Q2FY26 | Q3FY26 | Q4FY26 | Q1FY27 |
|---|---|---|---|---|
| Promoters | 49.3% | 49.3% | 49.3% | 49.3% |
| FII | 0.0% | 0.0% | 0.0% | 0.0% |
| DII | 0.0% | 0.0% | 0.0% | 0.0% |
| Public | 45.6% | 45.6% | 45.4% | 45.5% |
| # Shareholders | 2,261 | 2,262 | 2,223 | 2,209 |
Promoter holding remains stable at 49.32% with no FII or DII participation, and public shareholding has slightly declined over recent quarters, indicating limited investor interest. The lack of institutional accumulation or trading activity suggests the stock is not attracting market attention or confidence.
⚖️ Peer Comparison — Glass & Glass Products
| Company | MCap (₹ Cr) | P/E | ROCE | ROE | D/E |
|---|---|---|---|---|---|
| ASAHIINDIA | 24,411 | 55.8 | 13.0% | — | 0.52 |
| BORORENEW | 6,334 | 16.5 | 28.9% | — | 0.11 |
| BOROLTD | 3,304 | 47.1 | 9.9% | — | 0.15 |
| LAOPALA | 1,746 | 18.8 | 15.2% | — | 0.01 |
| BOROSCI | 1,018 | 23.6 | 12.0% | — | 0.02 |
| SEKURITIND | 999 | 22.5 | 23.9% | — | 0.00 |
| HALDYNGL | 827 | 27.9 | 14.6% | — | 0.48 |
| SEJALLTD | 741 | 22.4 | 19.8% | — | 1.11 |
| BANARBEADS | 76 | 40.5 | 5.7% | — | 0.36 |
| 530765 | 7 | 110.5 | 5.6% | — | 1.43 |
🔗 Peer Stock Analyses
⚠️ Risk Factors
1) Persistent zero revenue and profitability across multiple quarters with no signs of recovery. 2) Negative reserves and minimal asset base raising solvency concerns. 3) Complete absence of management commentary or strategic direction in recent filings. 4) High P/E ratio (107.8) with negative earnings, indicating extreme valuation compression without fundamental recovery.
📋 Recent Filings
- 🟡 Board Meeting2026-09-29Agarwal Fortune India announced the appointment of Jethani and Associates as statutory auditors for one year until the 2027 AGM and the re-appointment…
- 🟡 Board Meeting2026-09-29Agarwal Fortune India held its 34th AGM on 29 September 2026 via video conference, adopting audited standalone financial statements for FY2025-26, app…
- Announcement2026-09-19Agarwal Fortune India announced that its trading window closes on 1 October 2026 for directors, designated employees, connected persons and their imme…
- 🟡 Board Meeting2026-09-07Agarwal Fortune India announced its 34th AGM scheduled for 29 September 2026 at 03:30 PM IST via video conferencing, with shareholders voting remotely…
- 🔴 annual report2026-09-07Agarwal Fortune India Limited reported a consolidated revenue of [amount context mismatch] lakhs for FY 2025-26, up from ₹448.45 lakhs in the previous…
🧠 Analyst's Read
The company is effectively dormant or in terminal distress, with no operational activity, financial performance, or strategic updates to justify investment consideration. Investors should monitor for any sudden changes in filing activity or management communication, but current indicators suggest no imminent turnaround.
Based on filing content and financial data. Not a recommendation.
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Data sourced from stock announcements. Analysis generated by StockFin.ai.
For informational purposes only — not investment advice. Updated 2026-09-30.
Editorial & Data Transparency Notice
This analysis was programmatically compiled using StockFin AI utilizing official regulatory disclosures from the BSE and NSE. Content is automatically synthesized and audited against public financial filings. StockFin.ai is an educational research platform and is NOT a SEBI-registered investment advisor or research analyst.
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