Agarwal Float Glass India Limited (AGARWALFT)
Latest quarterly results (H2 FY26)
In its latest reported quarter, H2 FY26, Agarwal Float's revenue was ₹26.9 Cr (-32.2% year on year, -29.7% on the previous half-year), and net profit ₹0.0 Cr (-98.1% year on year); the operating margin was 3.5%.
| H2 FY26 (₹ Cr) | Value | YoY vs H2 FY25 | vs prev. half |
|---|---|---|---|
| Revenue | ₹26.9 | -32.2% | -29.7% |
| Operating profit | ₹0.9 | -59.4% | -66.7% |
| Net profit | ₹0.0 | -98.1% | -98.6% |
| EPS (₹) | 0.03 | -97.9% | -98.5% |
| Operating margin | 3.5% | — | — |
AGARWALFT delivery percentage
NSE end-of-day data for
On Fri, 16 Oct 2026, 100.0% of the AGARWALFT shares traded on NSE were taken to delivery, against the stock's own 20-session average of 93.29%. That is close to its usual level. Turnover was under ₹1 lakh, so a handful of trades can move this figure. Volume was 0.3 times its average, well below normal. It closed at a price band (circuit) on 6 sessions in about the last 20.
Delivery in the last 5 sessions: 100.0% · 100.0% · 100.0% · 50.0% · 100.0%
A description of what the exchange published, not a recommendation. Names such as "accumulation" or "long buildup" label a pattern in the numbers. How delivery is analysed
📢 Recent Corporate Announcements
Agarwal Float Glass India Limited announced that shareholders approved the appointment of M/s. Gopal Sharma & Co., Chartered Accountants, as the Statutory Auditors at its 8th AGM on September 24, 2026. The appointment is for a 1-year tenure lasting until the conclusion of the 9th AGM for FY 2026–27. The audit firm brings over 41 years of professional experience and holds a Peer Review Certificate valid until February 28, 2027. This is a routine governance update with no direct impact on financials.
- Shareholders approved the statutory auditor appointment at the 8th AGM on September 24, 2026
- Appointment tenure is for 1 year, until the conclusion of the 9th AGM for FY 2026–27
- M/s. Gopal Sharma & Co. holds over 41 years of experience with Peer Review Certificate valid until February 28, 2027
Agarwal Float Glass India Limited has announced the closure of its trading window starting Thursday, 1st October, 2026. The closure applies to all Directors, Designated persons, and their immediate relatives pursuant to SEBI Insider Trading Regulations. The window will remain shut until 48 hours after the declaration of the Un-Audited Financial Results for the half year ending 30th September, 2026. The date of the board meeting to review and approve the results will be disclosed later.
- Trading window closes effective Thursday, 1st October, 2026
- Closure will last until 48 hours post dissemination of financial results
- Applies to half year ending on 30th September, 2026
Agarwal Float Glass India Limited has issued the notice for its 8th Annual General Meeting (AGM) scheduled for September 24, 2026, along with its FY25-26 Annual Report. Key agenda items include the appointment of M/s Gopal Sharma & Co. as statutory auditors for FY 2026-27 and approval for material related party transactions for glass raw material trading up to ₹50.50 crore (including ₹25 crore each with Agarwal Toughened Glass India and Agarwal Fortune India). The FY26 financial ratios included in the report highlight a contraction in net profit margin to 2.26% (from 4.26% in FY25) and ROE to 7.64% (from 18.09% in FY25).
- 8th Annual General Meeting scheduled for Thursday, September 24, 2026 at 3:30 PM IST via VC/OAVM.
- E-voting window open from September 21, 2026 (9:00 AM) to September 23, 2026 (5:00 PM) with a cut-off date of September 17, 2026.
- Approval sought for related party transactions up to ₹25 Cr each with Agarwal Toughened Glass India and Agarwal Fortune India, plus ₹50 Lakh with Hardik Glasses for FY26-27.
- Proposed appointment of M/s Gopal Sharma & Co., Chartered Accountants, as Statutory Auditors for FY 2026-27.
- Reported FY26 Net Profit ratio fell to 2.26% from 4.26% in FY25, while ROE declined to 7.64% from 18.09%.
Agarwal Float Glass India Limited's Board of Directors approved key administrative and governance matters on August 21, 2026. The Board approved the appointment of M/s Gopal Sharma & Co. as Statutory Auditor for FY 2026-27 for a term of 1 year, subject to shareholder approval at the upcoming AGM. Additionally, M/s Shilpa Mittal & Associates was re-appointed as the Internal Auditor for FY 2026-27. Proposed limits for Related Party Transactions for FY 2026-27 were also approved and will be placed before shareholders for approval.
- Approved appointment of M/s Gopal Sharma & Co. as Statutory Auditor for FY 2026-27 for a 1-year term
- M/s Gopal Sharma & Co. holds ICAI Peer Review Certificate valid until February 28, 2027
- Re-appointed M/s Shilpa Mittal & Associates (FRN: 031124C) as Internal Auditor for FY 2026-27
- Approved Related Party Transaction limits for FY 2026-27, subject to shareholder approval at ensuing AGM
Agarwal Float Glass India Limited announced that its Board of Directors has approved the appointment of M/s Gopal Sharma & Co. as Statutory Auditor for a term of 1 year (FY 2026-27), subject to shareholder approval at the upcoming AGM. The Board also re-appointed M/s Shilpa Mittal & Associates as Internal Auditor for FY 2026-27. Additionally, limits for proposed Related Party Transactions for FY 2026-27 were approved and will be placed before shareholders.
- Appointment of M/s Gopal Sharma & Co. (FRN: 002803C) as Statutory Auditor for a 1-year term covering FY 2026-27.
- Re-appointment of M/s Shilpa Mittal & Associates as Internal Auditor for FY 2026-27.
- Approved limits for Related Party Transactions for FY 2026-27, subject to member approval at the ensuing AGM.
- Board meeting commenced at 10:30 AM and concluded at 11:30 AM on August 21, 2026.
Financial Performance
Revenue Growth by Segment
The company operates in a single segment: Trading of Glasses and allied activities. Revenue from this segment was ₹ 7,205.54 Lakhs in FY25, representing an 8.68% decrease from ₹ 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% (₹ 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% (₹ 423.05 Lakhs) in FY25, up from 3.39% (₹ 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 ₹ 145.87 Lakhs.
Operational Drivers
Raw Materials
Glass and allied products for trading. Cost of materials purchased was ₹ 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 ₹ 6,643.37 Lakhs in FY25, a 13.72% decrease from ₹ 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
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 ₹ 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.
