Amraworld Agrico Limited

Industrials — Specialty Industrial Machinery · BSE

₹0.50−₹0.02 (−3.85%)

DalalBaazaar Score

40 / 100

🟡 Moderate

Verdict

CAUTION

Risk

Very High

Driven by short-term liabilities exceed short-term assets, the company is currently loss-making, micro-cap size, which brings thin liquidity.

In simple words: The company is currently losing money. Short-term liquidity is the main factor to watch.

Decision support, not a buy or sell call.

As of 18 Oct 2026, 6:59 pm

Understanding the Business

Company site ↗

The 60-second version of Amraworld Agrico Limited — what it does, how it earns, and who it competes with, before any of the numbers below.

What does this company do?

Amraworld Agrico Limited does not have significant operations. It was previously involved in share trading activities. The company was incorporated in 1991 and is based in Ahmedabad, India.

IndustrySpecialty Industrial Machinery

SectorIndustrials

Who are its competitors?

The closest listed comparisons in its industry are SIEMENS LTD, ABB INDIA LIMITED, LARSEN & TOUBRO LTD., HAVELLS INDIA LIMITED. These are the companies its valuation and returns are measured against elsewhere in this report.

Compared side by side in Peers ↓

What is its competitive advantage?Little sign of one

Returns on capital of -10.4% are at or below what the capital likely costs. That is the financial pattern of a business competing largely on price, where advantage has to come from execution rather than position.

Peer median ROE17.1%

DalalBaazaar Score

40/ 100

Moderate

Weighted across six categories. Every point is explained below.

✗ ROCE of -10.4% is below 10% — capital is not working hard
✗ ROCE has fallen by 9.4 points — returns are eroding
✗ The business is lossmaking at the net level

Quality vs. Valuation

Company Quality

39/ 100

Weak

How good the business is, ignoring the share price entirely.

Valuation

36/ 100

Expensive

What you are being asked to pay, ignoring how good the business is.

Weak on business quality and not cheap enough to compensate.

vs. its own history

Not enough price and earnings history

vs. sector peers

Not enough peers with a usable P/E

vs. generic bands

N/A

No P/E — the company is lossmaking

EV/EBITDA

—

PEG

—

What's Good / What's Bad

🟢 What's Going Well1

Cash generation is improving
Free cash flow is up 1819% over 3 years.

🔴 What Needs Attention2

Return on equity is falling
ROE has dropped from -1.1% to -10.4% — each rupee of shareholder capital earns less than it did.
Return on capital is falling
ROCE has declined from -1.1% to -10.4% — often a sign of competition or overexpansion.

Red Flags

2 items require attention · 1 high · 1 watch

🔴The company is lossmakingFinancial
Net profit of -₹1 Cr in the latest reported year.
🟡Short-term liquidity is tightFinancial
Current ratio of 0.01 — near-term obligations exceed near-term assets.

Investment Thesis

🟢 Bull CaseWhat could make this work?

No clear supporting case emerges from the available numbers.

🔴 Bear CaseWhat could go wrong?

Returns on shareholder capital are falling
ROE has dropped from -1.1% to -10.4%. Each rupee of equity earns less than it did, so profit growth increasingly depends on raising more capital rather than on the existing base working harder.
Earnings are hard to forecast
Profit has swung sharply from year to year, so any single year — good or bad — is a weak guide to the next. Cyclical earnings deserve lower multiples for that reason.
Size brings its own risk
Micro Cap businesses are thinly traded, so exits are harder in a falling market and single events move the price more than they would for a larger company.

🟡 Key Things to WatchMeasurable tripwires, set against where this company stands today

1Free cash flow remains positive✓ ₹2 Cr
Profit that never becomes cash eventually stops being profit.
2ROCE stays above 8%✗ -10.4%
Falling returns on capital are usually competition arriving, and show up here before they reach the margin.

Investment Checklist

3 / 9 checks passed

✗ Strong return on equity (ROE ≥ 15%)
✗ Strong return on capital employed (ROCE ≥ 15%)
✗ Healthy net margin (≥ 10%)
✓ Generates positive free cash flow
✗ Adequate short-term liquidity (Current Ratio ≥ 1.0)
✗ Profit growing year-over-year
✓ Not trading at an extreme valuation (P/E < 40x)
✓ Not buying right at the 52-week high
✗ Short-term technical trend isn't bearish

Price history

Quick Metrics

2 good · 4 neutral · 5 weak

Market Cap

₹6 Cr

Micro Cap

Smaller company — thin liquidity and deep drawdowns are normal here

P/E (Trailing)

Not meaningful

Loss-making

Earnings are negative, so a P/E multiple can't be read here

P/B Ratio

0.58x

Reasonable

Reasonable against the company's book value

EPS (TTM)

₹-0.09

Loss-making

Negative earnings per share — the business is losing money

ROE

-10.4%

Weak

Weak capital efficiency

ROCE

-10.4%

Weak

Low return on total capital employed

Debt/Equity

Not available

No data

Source didn't return this field

Revenue Growth (YoY)

Not available

No data

Source didn't return this field

Profit Growth (YoY)

-527.1%

Falling

Profits are shrinking

Dividend Yield

None

No dividend yield reported — usually means no payout, but verify if one was recently initiated

Free Cash Flow

₹2 Cr

Cash generative

Generates cash even after funding its capex

More Metrics

Operating Margin

111.0%

Good

Healthy core-business profitability

Net Margin

0.0%

Weak

Very little revenue reaches the bottom line

Current Ratio

0.01

Tight

Tight short-term liquidity

Beta (vs Nifty)

0.44

Defensive

Steadier than the market

52W Range Position

16%

Mid-range

Technical Snapshot

SMA 20 / SMA 50

0.5 / 0.5

Bearish alignment (short < long)

Price vs SMA 200

Below

Long-term downtrend

RSI (14)

38.9

Neutral momentum

Financial Trend (4-Year)

Metric	FY23	FY24	FY25	FY26	3Y CAGR
EBITDA	-₹0 Cr	₹0 Cr	-₹0 Cr	-₹1 Cr	—
PAT (Net Profit)	-₹0 Cr	₹0 Cr	₹0 Cr	-₹1 Cr	—
EPS	₹-0.01	₹0.04	₹0.02	₹-0.09	—
ROE	-1.1%	3.8%	2.2%	-10.4%	—
ROCE	-1.1%	3.8%	2.4%	-10.4%	—
Free Cash Flow	₹0 Cr	₹0 Cr	₹4 Cr	₹2 Cr	+167.7%

🔴 ROE has fallen from -1.1% to -10.4% over 3 years (-9.3 pts).

🔴 ROCE has fallen from -1.1% to -10.4% over 3 years (-9.4 pts).

🟢 Free Cash Flow has grown at 167.7% a year over 3 years.

Balance Sheet & Cash Flow — FY2026

Total Assets

₹13 Cr

Total Liabilities

₹2 Cr

Total Debt

—

Cash & Equivalents

₹0 Cr

Operating Cash Flow

₹2 Cr

Capex

—

Shareholding (proxy)

Institutional Holding

0.0%

Insider Holding

25.0%

Peer Comparison

Company	P/E	ROE
SIEMENS LTD	88.8x	10.5%
ABB INDIA LIMITED	92.6x	19.1%
LARSEN & TOUBRO LTD.	30.1x	15.2%
HAVELLS INDIA LIMITED	43.5x	17.1%

Recent News

1 positive5 general

Amraworld Agrico Ltd. Key Financial Ratios – Valuation, Profitability & More

Value Research, 30 Aug

Amraworld Agrico appoints Shival Bunkar as Whole-time Director and CFO

scanx.trade, 20 Jul

Amraworld Agrico Ltd. Peer Comparison – Compare with Others

Value Research, 30 Aug

Chemcon Speciality Chemicals standalone net profit rises 71.52% in the June 2026 quarter

Business Standard, 04 AugResults

🟢Potentially positiveReported improvement. Check whether it came from volume, price or a one-off item before treating it as a trend.

Amraworld Agrico Ltd. Financials – Balance Sheet, Profit & Loss, Cash Flow

Value Research, 30 Aug

AMRAWORLD AGRICO LTD. Share Price

Upstox, 05 Apr

Watch Items

Cross-check against the company's latest quarterly filing / investor presentation before acting.
2 metrics couldn't be retrieved for this stock — this is more common for smaller or thinly-covered listings.

DalalBaazaar Thesis

MiddlingFinancial Health · Growth · Valuation

WeakBusiness Quality · Profitability · Risk

Points for each in the Score ↑

Weak on the fundamentals

Poor scores on business quality without a price low enough to compensate. There is no obvious argument for owning this over a stronger company at a similar valuation. 1 high-severity red flag sits above this conclusion and should be read first.

1 of 2 tripwires tripped — ROCE stays above 8% · see Key things to watch ↑