Ambica Agarbathies & Aroma industries Limited (AMBICAAGAR)
₹24.17 -0.45% last close, 16 Oct
Latest quarterly results (Q1 FY27)
In its latest reported quarter, Q1 FY27, Ambica Agarbathies' revenue was ₹24.6 Cr (-18.2% year on year, +10.7% on the previous quarter), and net profit ₹1.1 Cr (-3.0% year on year); the operating margin was 12.8%.
| Q1 FY27 (₹ Cr) | Value | YoY vs Q1 FY26 | QoQ |
|---|---|---|---|
| Revenue | ₹24.6 | -18.2% | +10.7% |
| Operating profit | ₹3.2 | +2.2% | +60.3% |
| Net profit | ₹1.1 | -3.0% | +34.8% |
| EPS (₹) | 0.64 | -3.0% | +33.3% |
| Operating margin | 12.8% | — | — |
AMBICAAGAR delivery percentage and bulk deals
NSE end-of-day data for
On Fri, 16 Oct 2026, 55.69% of the AMBICAAGAR shares traded on NSE were taken to delivery, against the stock's own 20-session average of 66.47%. That is close to its usual level. Turnover was only ₹3 lakh, so a handful of trades can move this figure. Volume was 0.4 times its average, well below normal. 4 bulk or block deals were reported in AMBICAAGAR in the last 60 days: ₹0.42 Cr bought and ₹0.45 Cr sold.
Delivery in the last 5 sessions: 28.3% · 21.3% · 62.3% · 77.3% · 55.7%
| Date | Side | Counterparty | Value | Price | Quantity | Type |
|---|---|---|---|---|---|---|
| 13 Oct | Sell | Orion Stocks Ltd | ₹0.28 Cr | ₹24.32 | 116,019 | Bulk |
| 13 Oct | Buy | Irage Broking Services Llp | ₹0.24 Cr | ₹24.30 | 100,181 | Bulk |
| 13 Oct | Buy | Orion Stocks Ltd | ₹0.18 Cr | ₹23.99 | 75,495 | Bulk |
| 13 Oct | Sell | Irage Broking Services Llp | ₹0.17 Cr | ₹23.90 | 70,727 | Bulk |
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
Ambica Agarbathies Aroma & Industries Limited concluded its 31st Annual General Meeting on September 29, 2026. Shareholders approved all three agenda items with 100% votes in favour out of 10,091,625 total votes polled. The passed resolutions include the adoption of FY2026 audited financial statements, the reappointment of Shri Ambica Ramachandra Rao as Director, and the reappointment of Sri Ambica Krishna as Chairman & Managing Director. Total turnout represented 58.75% of the company's 17,177,400 outstanding shares.
- All three resolutions passed with 100.0000% votes in favour and zero votes against
- Total votes polled stood at 10,091,625, representing 58.75% of total 17,177,400 shares
- Promoter turnout was 100% of held shares (7,457,532 votes), while public non-institutional turnout was 27.10% (2,634,093 votes)
- Approved reappointment of Sri Ambica Krishna as Chairman and Managing Director
Ambica Agarbathies & Aroma Industries has issued the notice for its 31st Annual General Meeting scheduled for September 29, 2026. Key agenda items include the adoption of audited financial statements for FY 2025-26 and the re-appointment of Sri Ambica Krishna as Chairman & Managing Director for a 3-year term starting February 13, 2026. The proposed monthly remuneration for the CMD is ₹2,00,000, payable also as minimum remuneration in the event of inadequate profits. The filing also submits the comprehensive FY26 Annual Report to the exchanges.
- 31st Annual General Meeting scheduled for September 29, 2026 at 11:00 AM in Eluru, Andhra Pradesh
- Special Resolution proposed for the re-appointment of Sri Ambica Krishna as CMD for 3 years effective February 13, 2026
- Proposed remuneration for CMD fixed at ₹2,00,000 per month under Schedule V provisions
- Adoption of audited financial statements for the financial year ended March 31, 2026
Ambica Agarbathies & Aroma Industries Limited approved the allotment of 8,48,600 equity shares to promoter group members on a preferential basis. The shares were issued at ₹25 per share (including a ₹15 premium), raising a total of ₹2.12 crore. The four promoter-linked allottees received 2,12,150 shares each. Additionally, the company scheduled its 31st Annual General Meeting for September 29, 2026.
- Allotment of 8,48,600 equity shares on a preferential basis to promoter group members
- Issue price set at ₹25 per share (including a ₹15 premium), closely aligned with the current market price of ₹24.80
- Total capital raised stands at ₹2,12,15,000 (₹2.12 crore)
- Four allottees subscribed to 2,12,150 shares each
- 31st Annual General Meeting scheduled for September 29, 2026
Ambica Agarbathies reported a 18.2% YoY decline in revenue from operations to Rs 24.65 Cr (Rs 2,464.96 Lakhs) for Q1 ended June 30, 2026, though revenue rose 10.7% QoQ. Net profit for the quarter came in at Rs 1.11 Cr (Rs 110.53 Lakhs), marginally down 2.6% YoY from Rs 1.14 Cr. The Agarbathies division delivered solid profitability with segment PBT expanding to Rs 2.70 Cr, while the Hotel division dragged overall results with a segment loss before tax of Rs 1.22 Cr.
- Revenue from operations fell 18.2% YoY to Rs 24.65 Cr (Rs 2,464.96 Lakhs) compared to Rs 30.14 Cr in Q1 FY26.
- Net profit (PAT) stood at Rs 1.11 Cr (Rs 110.53 Lakhs) vs Rs 1.14 Cr in Q1 FY26 and Rs 0.82 Cr in Q4 FY26.
- Agarbathies division PBT increased to Rs 2.70 Cr (Rs 270.12 Lakhs) on segment revenue of Rs 18.53 Cr.
- Hotel division posted a segment loss before tax of Rs 1.22 Cr (Rs 122.41 Lakhs) on revenue of Rs 8.10 Cr.
- Quarterly finance costs remained elevated at Rs 3.00 Cr (Rs 299.63 Lakhs).
Ambica Agarbathies & Aroma Industries Limited has submitted its quarterly compliance certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018. The Registrar and Share Transfer Agent (RTA), Venture Capital and Corporate Investments Private Limited, confirmed that no securities were received for dematerialization or rematerialization during the quarter ended June 30, 2026. This is a standard administrative filing with no impact on the company's financial position or operations.
- Quarterly compliance certificate issued for the period ended June 30, 2026
- Zero securities were received for dematerialization during the quarter
- Zero securities were received for rematerialization during the quarter
- Certificate issued by Venture Capital and Corporate Investments Private Limited
Shareholders of Ambica Agarbathies approved the issuance of 8,48,600 equity shares on a preferential basis during the Extraordinary General Meeting (EGM) held on June 30, 2026. The special resolution was passed with near-unanimous support, receiving 9,492,287 votes in favor and only 2 votes against. This capital infusion is aimed at supporting the company's operations across its agarbathi and hotel divisions, the latter of which has shown significant recovery. Given the company's debt of Rs 96 Cr against a net worth of Rs 113 Cr, this equity boost is a key step for financial stability.
- Approval for issuance of 8,48,600 equity shares on a preferential basis.
- Resolution passed with 99.9999% of valid votes (9,492,287) in favor.
- Total of 45 shareholders attended the meeting, representing 55.26% of the total share capital.
- The issuance represents an approximate 4.94% dilution of the existing 1,71,77,400 share base.
- Promoter group cast 7,457,532 votes in favor, showing full internal alignment.
Ambica Agarbathies has announced the closure of its trading window for designated persons starting July 1, 2026, in compliance with SEBI Insider Trading regulations. This closure is in anticipation of the financial results for the first quarter ending June 30, 2026. The window will remain closed until 48 hours after the results are officially declared to the exchanges. This is a standard administrative procedure and does not reflect on the company's operational performance.
- Trading window closure begins on July 1, 2026
- Closure pertains to the financial results for the quarter ended June 30, 2026
- Window to reopen 48 hours after the official declaration of results
- Applicable to all designated persons and their immediate relatives
Ambica Agarbathies & Aroma Industries Limited has issued a corrigendum for its upcoming EGM on June 30, 2026, regarding a preferential issue of 8,48,600 equity shares. The shares are priced at ₹25 each, which is higher than the SEBI-mandated floor price of ₹24.86. The total proceeds of approximately ₹2.12 crore will be utilized for working capital requirements within three months of allotment. Post-issue, the four proposed allottees will collectively hold a 4.708% stake in the company.
- Preferential issue of 8,48,600 equity shares at a fixed price of ₹25 per share.
- Total fundraise of ₹2,12,15,000 intended for working capital needs.
- Issue price set above the 90-day VWAP of ₹24.86 and 10-day VWAP of ₹23.54.
- Four individual allottees to acquire a combined 4.708% post-issue equity stake.
- Corrigendum issued to comply with specific disclosure requirements from NSE and BSE.
Ambica Agarbathies & Aroma Industries Limited has called an Extraordinary General Meeting (EGM) on June 30, 2026, to approve the issuance of 8,48,600 equity shares on a preferential basis. The shares will be allotted to four members of the Promoter Group at a price of ₹25 per share (including a ₹15 premium), totaling approximately ₹2.12 crore. This capital infusion by the promoters indicates a commitment to the company's financial health and future growth. The relevant date for the purpose of determining the issue price has been set as May 29, 2026.
- Proposed issuance of 8,48,600 equity shares of face value ₹10 each on a preferential basis.
- Issue price fixed at ₹25 per share, aggregating to a total fundraise of ₹2,12,15,000.
- Allotment is restricted to four specific individuals within the Promoter Group.
- The EGM is scheduled for June 30, 2026, at the company's registered office in Andhra Pradesh.
- Remote e-voting period is set from June 27 to June 29, 2026, with a cut-off date of June 23.
Ambica Agarbathies & Aroma Industries has issued a clarification regarding its board meeting outcome from May 30, 2026. The company corrected a typographical error concerning the issue price of its preferential allotment to the promoter group, increasing it from Rs. 24 to Rs. 25 per share. The issue involves 8,48,600 equity shares, resulting in a total capital infusion of approximately Rs. 2.12 crore. This move reflects promoter participation in the company's capital structure at a slightly higher valuation than initially reported.
- Preferential issue price corrected to Rs. 25 per share from the previously stated Rs. 24
- Company to issue up to 8,48,600 equity shares to four members of the promoter group
- Total fundraise amount stands at approximately Rs. 2.12 crore
- The issue includes a face value of Rs. 10 and a premium of Rs. 15 per share
Ambica Agarbathies reported a strong recovery in profitability for the fiscal year ended March 31, 2026, with Net Profit (PAT) rising to ₹344.74 Lakhs from ₹48.86 Lakhs in the previous year. Total income for FY26 grew to ₹14,954.02 Lakhs, driven primarily by the Agarbathies division which contributed ₹11,583.75 Lakhs. The Board also approved a preferential allotment of 8,48,600 equity shares to the promoter group at ₹24 per share (including a ₹14 premium) to raise approximately ₹2.04 Crores. An Extra Ordinary General Meeting (EGM) is scheduled for June 30, 2026, to obtain shareholder approval for this fundraise.
- Annual Net Profit (PAT) surged significantly to ₹344.74 Lakhs in FY26 compared to ₹48.86 Lakhs in FY25.
- Total Income for the full year increased by 16% year-on-year to ₹14,954.02 Lakhs.
- Board approved a preferential issue of 8,48,600 equity shares to four promoter group members at ₹24 per share.
- The Agarbathies division remains the core business, generating ₹11,583.75 Lakhs in revenue for the year.
- Q4 FY26 showed a turnaround with a PAT of ₹81.59 Lakhs versus a loss of ₹193.53 Lakhs in the same quarter last year.
Ambica Agarbathies reported a significant turnaround in FY26, with Net Profit rising to ₹3.45 Cr from just ₹0.49 Cr in FY25. Total Income grew by 16% YoY to ₹149.54 Cr, primarily driven by the Agarbathies division which contributed ₹115.84 Cr. The Board also approved a preferential allotment of 8.48 lakh equity shares to the promoter group at ₹24 per share, aiming to raise approximately ₹2.04 Cr. Despite the profit growth, the Hotel division remains a laggard, reporting a loss of ₹1.08 Cr for the year.
- Annual Net Profit jumped to ₹344.74 Lakhs in FY26 compared to ₹48.86 Lakhs in the previous fiscal year.
- Total Income for the year ended March 31, 2026, stood at ₹149.54 Cr, up from ₹128.92 Cr in FY25.
- Preferential issue of 8,48,600 equity shares approved at ₹24 per share (including ₹14 premium) to four promoter group members.
- Agarbathies segment remains the primary profit driver with a segment result of ₹6.11 Cr, while the Hotel segment posted a loss of ₹1.08 Cr.
- Non-current borrowings increased to ₹68.28 Cr as of March 31, 2026, compared to ₹59.77 Cr in the previous year.
Ambica Agarbathies & Aroma Industries Limited has filed its compliance certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended March 31, 2026. The Registrar and Share Transfer Agent (RTA), Venture Capital and Corporate Investments Private Limited, confirmed that no securities were received for dematerialization or rematerialization during this period. This is a standard administrative filing required by SEBI to maintain accurate shareholding records. The filing ensures the company remains in good standing with regulatory requirements.
- Compliance certificate submitted for the quarter ended March 31, 2026.
- RTA confirmed zero securities were received for dematerialization or rematerialization during the quarter.
- The filing adheres to Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018.
- The report was issued by Venture Capital and Corporate Investments Private Limited.
Ambica Agarbathies & Aroma Industries Limited has informed the stock exchanges that its trading window will be closed starting April 1, 2026. This action is in compliance with SEBI (Prohibition of Insider Trading) Regulations for the preparation of financial results for the fourth quarter ending March 31, 2026. The restriction applies to all designated persons and their immediate relatives. The window is scheduled to reopen 48 hours after the company officially declares its Q4 financial results.
- Trading window closure to commence on April 1, 2026.
- Closure is related to the finalization of financial results for the quarter ended March 31, 2026.
- Restriction applies to all designated persons and their immediate relatives under SEBI guidelines.
- The window will remain closed until 48 hours after the declaration of the Q4 financial results.
Ambica Agarbathies & Aroma Industries reported a strong performance for the quarter ended December 31, 2025, with total income rising 47% YoY to ₹55.23 crore. Net profit saw a significant jump of 197% YoY, reaching ₹1.12 crore compared to ₹0.38 crore in the same period last year. The growth was primarily driven by the Agarbathies division, which saw revenue increase to ₹46.61 crore. However, the Hotel division reported a marginal segment loss of ₹7.25 lakhs during the quarter.
- Total Income increased 47% YoY to ₹55.23 crore from ₹37.56 crore.
- Net Profit grew by 197% YoY to ₹1.12 crore from ₹0.38 crore.
- Agarbathies division revenue surged to ₹46.61 crore from ₹29.18 crore YoY.
- Earnings Per Share (EPS) improved to ₹0.65 from ₹0.22 in the year-ago quarter.
- Nine-month (9M) net profit for FY26 reached ₹3.19 crore versus ₹2.42 crore in 9M FY25.
Financial Performance
Revenue Growth by Segment
The Agarbathies Division revenue grew by 7.26% YoY, increasing from INR 90.05 Cr to INR 96.59 Cr. The Hotel Division saw a significant recovery growth of 145.89%, rising from INR 13.14 Cr to INR 32.32 Cr as operations stabilized post-pandemic.
Geographic Revenue Split
The company derives a major portion of its revenue from Southern India, specifically Andhra Pradesh, Telangana, and Tamil Nadu, where the 'Ambica' brand has strong recognition. The Agarbathies division specifically accounts for 67% of total company revenues.
Profitability Margins
Profitability has been volatile; the company reported a net loss of INR 17.8 Cr in FY2018 (approx. -14.2% net margin) compared to a net profit of INR 1.5 Cr in FY2017 (1.26% net margin). The decline was primarily due to a one-time inventory write-off.
EBITDA Margin
Core profitability was adversely impacted by a one-time inventory write-off in FY2018 due to quality issues, leading to an operating loss during that period. Recent EBITDA trends are not explicitly detailed in percentage terms in the interim reports.
Capital Expenditure
The company had fund-based facilities of INR 66.00 Cr. As of September 30, 2025, non-current assets including property, plant, and equipment stood at INR 144.30 Cr, reflecting historical investments in the hotel and manufacturing units.
Credit Rating & Borrowing
ICRA assigned a long-term rating of [ICRA]B (Stable) in October 2018, which was subsequently withdrawn in November 2018. The company is currently facing high borrowing stress, evidenced by irregular EMI repayments to LIC Housing Finance Limited.
Operational Drivers
Raw Materials
Not disclosed in available documents, though the company provides high short-term advances to raw material suppliers for its agarbathi manufacturing process.
Capacity Expansion
The company operates a 3-star hotel with 87 rooms in Chennai and a manufacturing unit in Eluru, Andhra Pradesh. Specific expansion targets in MT or units are not disclosed.
Raw Material Costs
Raw material costs are a significant driver, with the company maintaining a high working capital intensity of 31-35% primarily due to advances paid to suppliers to secure inventory.
Logistics & Distribution
The company maintains a strong distribution network in Andhra Pradesh, Telangana, and Tamil Nadu to support its 67% revenue-contributing agarbathi segment.
Strategic Growth
Expected Growth Rate
7.26%
Growth Strategy
Growth is pursued through segment diversification and leveraging the established 'Ambica' brand. The company is focusing on recovering its hotel division cash flows (which grew 145.89% recently) and maintaining its dominant market position in the agarbathi segment in Southern India.
Products & Services
Agarbathies (incense sticks), 3-star hotel rooms and hospitality services, maize trading, wind power generation, and construction services.
Brand Portfolio
Ambica
Market Expansion
The company is focused on strengthening its established presence in Andhra Pradesh, Telangana, and Tamil Nadu.
Market Share & Ranking
Not disclosed in available documents, though it is noted as a reputed brand in its core Southern Indian markets.
External Factors
Industry Trends
The agarbathi industry is characterized by high competition and moderate scale. The hospitality industry is evolving with the rise of online aggregators like OYO and Airbnb, which the management identifies as a specific risk to their hotel division.
Competitive Landscape
The agarbathi segment faces intense competition from both organized and unorganized players. The hotel segment competes with traditional hotels and new-age digital aggregators.
Competitive Moat
The company's moat is built on the 50-year track record of its promoters and the strong brand recall of 'Ambica' in specific Southern states. This brand loyalty provides a defensive cushion against new entrants in the incense market.
Macro Economic Sensitivity
The hotel division is highly sensitive to travel and tourism trends and health crises (COVID-19), which led to the inability to service debt to LIC Housing Finance.
Consumer Behavior
A shift toward online accommodation booking (OYO/Airbnb) is forcing the hotel division to adapt its pricing and distribution strategy.
Regulatory & Governance
Industry Regulations
Operations are subject to SEBI (LODR) Regulations and the Companies Act 2013. The hotel division must comply with hospitality standards and local tourism regulations.
Environmental Compliance
The company operates a wind power division, contributing to green energy, though specific compliance costs are not disclosed.
Taxation Policy Impact
The company has a deferred tax liability of INR 16.30 Cr as of September 2025.
Legal Contingencies
The company is currently in default/irregular status regarding EMI repayments to LIC Housing Finance Limited due to inadequate cash flows from the hotel division.
Risk Analysis
Key Uncertainties
The primary uncertainty is the company's ability to normalize debt repayments to LIC Housing Finance. Financial risk is high due to the weak coverage indicators and historical operating losses.
Geographic Concentration Risk
High concentration in Andhra Pradesh, Telangana, and Tamil Nadu, making the company vulnerable to regional economic downturns.
Third Party Dependencies
High dependency on raw material suppliers, with 31-35% of revenue intensity tied to supplier advances.
Technology Obsolescence Risk
The hotel division faces digital disruption from online booking platforms and aggregators.
Credit & Counterparty Risk
Trade receivables stood at INR 14.03 Cr as of September 2025, representing a risk if customer collections are delayed in the competitive agarbathi market.
