Auri Grow India Ltd (AURIGROW)
🎯 Key Takeaways
- Auri Grow India Ltd appears to be in a dormant or non-operational phase, with no meaningful revenue generation and persistent losses despite a structural simplification effort. The company has effectively become a cash shell following the closure of its corporate office and minimal operational footprint, with financial performance showing no signs of recovery.
- ⚠️ 1) Persistent non-operational status with no revenue revival plan disclosed. 2) History of auditor resignation may signal governance or reporting conc
- ROE
- -0.8%
- ROCE
- -0.5%
- Debt/Equity
- 0.15
- Promoter
- 0.0%
📖 The Story
Auri Grow India Ltd appears to be in a dormant or non-operational phase, with no meaningful revenue generation and persistent losses despite a structural simplification effort. The company has effectively become a cash shell following the closure of its corporate office and minimal operational footprint, with financial performance showing no signs of recovery.
📰 What's Happening
The most significant development was the Board's approval on 14 July 2026 to discontinue its corporate office in Ahmedabad, executed as an administrative efficiency measure with no impact on business operations. Earlier, on 25 June 2026, the company accepted the resignation of statutory auditors S Parth & Co., though no operational or financial changes were disclosed. There have been no new orders, expansions, or strategic initiatives reported in recent filings.
Source: Stock Announcements
📊 Quarterly Results (₹ Cr)
| Metric | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|
| Revenue | 6 | 8 | 0 | 0 |
| Operating Profit | 1 | -0 | -0 | -1 |
| OPM % | 15.9% | -2.1% | — | — |
| Net Profit | 1 | -0 | -0 | -1 |
| EPS | ₹0.01 | ₹0.00 | ₹0.00 | ₹-0.01 |
The company's financial trajectory shows a complete collapse in revenue, with Mar 2026 reporting zero revenue and a ₹1 lakh operating loss, contrasting sharply with a ₹6 lakh revenue and ₹1 lakh profit in Jun 2025. This decline correlates with the absence of any disclosed revenue-generating activities, suggesting the business may no longer be actively operating in its former cable manufacturing domain.
🔮 Management Outlook & What's Next
Management has not provided any forward guidance or commentary on future business revival, growth plans, or operational revival in recent filings. The tone remains administrative, focusing on compliance and structural tidying rather than strategic reinvention or recovery initiatives.
Extracted from official company announcements. Not StockFin.ai's opinion.
🏦 Balance Sheet (₹ Cr)
| Item | Mar 2025 | Mar 2025 | Mar 2026 | Mar 2026 |
|---|---|---|---|---|
| Equity Capital | 91 | 91 | 148 | 148 |
| Reserves | 8 | 3 | 7 | 9 |
| Borrowings | 79 | 82 | 23 | 22 |
| Total Liabilities | 273 | 284 | 272 | 273 |
| Fixed Assets | 0 | 2 | 0 | 0 |
| Investments | 0 | 0 | 0 | 0 |
| Total Assets | 273 | 284 | 272 | 273 |
The balance sheet indicates a significant reduction in liabilities, with borrowings declining from ₹79 lakh in Mar 2025 to ₹23 lakh in Mar 2026, reflecting a deliberate deleveraging effort. Equity has modestly increased from ₹91 lakh to ₹148 lakh due to reserves accumulation, suggesting conservative capital management and a focus on balance sheet stabilization over growth investments.
💰 Cash Flow Statement (₹ Cr)
| Item | Mar 2025 |
|---|---|
| Operating | -106 |
| Investing | +5 |
| Financing | +101 |
| Net Cash Flow | +0 |
👥 Shareholding Pattern
| Category | Q1FY26 | Q2FY26 | Q3FY26 | Q4FY26 |
|---|---|---|---|---|
| Promoters | 0.0% | 0.0% | 0.0% | 0.0% |
| FII | 0.1% | 0.0% | 0.0% | 0.0% |
| DII | 0.0% | 0.0% | 0.0% | 0.0% |
| Public | 96.1% | 96.3% | 96.7% | 96.2% |
| # Shareholders | 1,95,604 | 1,95,976 | 2,21,881 | 2,28,181 |
Promoter holding remains at 0%, with public shareholders dominating ownership (96.21% in Q4FY26). Institutional activity (FII/DII) has sharply declined, with FII ownership dropping from 0.07% in Q1FY26 to 0%, and DII consistently at 0%. The number of public shareholders has gradually increased, indicating possible retail accumulation but no institutional confidence.
⚖️ Peer Comparison — Cables
| Company | MCap (₹ Cr) | P/E | ROCE | ROE | D/E |
|---|---|---|---|---|---|
| POLYCAB | 1.23 L Cr | 42.9 | 34.1% | — | 0.01 |
| KEI | 43,196 | 43.3 | 23.6% | — | 0.03 |
| STLTECH | 42,368 | 165.9 | 14.6% | — | 0.85 |
| RRKABEL | 27,832 | 45.8 | 32.1% | — | 0.09 |
| FINCABLES | 21,545 | 26.9 | 19.0% | — | 0.00 |
| DIACABS | 17,854 | 90.8 | -58.8% | — | -0.52 |
| UNIVCABLES | 4,950 | 24.8 | 12.5% | — | 0.62 |
| LASERPOWER | 3,684 | — | — | — | 1.14 |
| QUADFUTURE | 2,134 | — | -12.3% | — | 0.29 |
| DYCL | 2,109 | 23.1 | 26.9% | — | 0.09 |
🔗 Peer Stock Analyses
⚠️ Risk Factors
1) Persistent non-operational status with no revenue revival plan disclosed. 2) History of auditor resignation may signal governance or reporting concerns. 3) High public shareholder dispersion (2.28 lakh shareholders) increases volatility risk. 4) No institutional or promoter interest suggests limited liquidity support or market confidence.
📋 Recent Filings
- 🟡 Board Meeting2026-07-14The Board of Auri Grow India Limited approved discontinuing its corporate office at Unit 833, Block A, 8th Floor West Bank, Opp City Gold Cinema, Ashr…
- 🔴 Announcement2026-07-06No summary available
- 🔴 Announcement2026-06-25No summary available
- 🟡 Board Meeting2026-06-25The board accepted the resignation of statutory auditors S Parth & Co., effective June 25, 2026, and approved related disclosures per SEBI regulations…
- Announcement2026-06-25Auri Grow India Limited announced the resignation of its statutory auditor, S Parth & Co., effective June 25, 2026, following receipt of a formal resi…
- 🟡 Board Meeting2026-06-20The board approved moving the registered office from Indore to a new location within the same city, effective immediately, and updated the company's a…
- 🟡 Board Meeting2026-06-12No summary available
- 🟡 Board Meeting2026-06-12Auri Grow India Limited announced the resignation of Ms. Aditi Garg as Company Secretary, Compliance Officer, and key managerial personnel effective J…
- 🟡 Board Meeting2026-06-12The board accepted Aditi Garg's resignation as Company Secretary and Key Managerial Personnel effective close of business on June 12, 2026, following …
- 🟡 Board Meeting2026-05-27{ "summary": "The Board of Auri Grow India Limited approved the audited standalone financial results for the quarter and year ended March 31, 2026, …
🧠 Analyst's Read
The company is effectively a cash shell with no active business, making it a speculative entity rather than a viable operating concern. Investors should monitor for any announcement of business restart, new leadership, or operational revival, but current indicators suggest no such catalyst is imminent.
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 2026-09-29.
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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