Agarwal Fortune India Ltd: Glass Trading, Tiny Profits, and a P/E Bigger Than Its Office?
1. At a Glance
Agarwal Fortune India Ltd (AFIL) is a glass and mirror trading company with a ₹7.97 Cr market cap, razor-thin profits, and a stock trading at 12x its book value. If glass houses shouldn’t throw stones, this one is quietly throwing financial surprises.
2. Introduction with Hook
Imagine a company that spent a decade lurking in financial darkness… then suddenly posts profits and an ROE of 34%—but with just ₹4.42 Cr in annual sales. AFIL isn’t building skyscrapers or launching IPOs. It’s trading mirrors while pulling Houdini moves on its P&L.
FY25 PAT: ₹0.19 Cr
ROCE: 24.8% | ROE: 33.6%
P/E: 42x | P/B: 12x
EPS (FY25): ₹0.54 …and the stock still refuses to pay dividends. Legendary.
3. Business Model (WTF Do They Even Do?)
AFIL is a B2B trader in industrial glasses and mirrors. It also offers:
Technical consultancy for glass-based installations
Advisory services in the industrial glass sector
Sometimes, just “other allied activities” (the financial equivalent of “stuff”)
There’s no manufacturing, no capex, and barely any fixed assets. Think of it as a boutique glass merchant with a GST number and a balance sheet.
