Ashish Kacholia stock jumps 5% after securing ₹219 Cr order from BPCL

Synopsis: Agarwal Industrial Corporation jumped sharply from the day’s low after the company secured two orders valued at nearly Rs 219 crore from Bharat Petroleum Corporation Limited (BPCL) for the supply of bitumen on a bulk basis.

The shares of this petrochemical stock, engaged in the business activities of manufacturing and trading of Petrochemicals (Bitumen and Bituminous Products), logistics of bitumen and liquefied Petroleum Gas, and energy generation through Wind Mills, are in focus after the company received a significant order worth nearly Rs 219 crore.

As of Q3 FY26, leading ace investor Ashish Kacholia holds a 4.33 percent stake in the company. He has been gradually increasing his stake in the company, which is evident from the shareholding structure as his stake grew from 3.82 percent in Q4 FY23 to the current stake of 4.33 percent.

With a market capitalisation of Rs 1,079 crore, the shares of Agarwal Industrial Corporation Ltd reached a day-high of Rs 745 per share, up 5 percent from its day’s low price of Rs 708.75 per share. Over the past five years, the stock has delivered a robust 431 percent return, outperforming NIFTY 50’s return of 67 percent.

About the order

Agarwal Industrial Corporation, through a stock exchange filing, announced that it has secured a significant order from Bharat Petroleum Corporation Limited (BPCL). As part of the order, the company will supply 42,800 metric tonnes of VG-30 and VG-40 grade bitumen to BPCL’s locations in Kakinada and Mangalore. The total value of the deal stands at around Rs 218.6 crore at current prices.

Bitumen is a semi-solid, oil-based hydrocarbon widely used as a binder in road construction. It is typically black or dark brown with adhesive properties. Bitumen is produced by removing lighter fractions like LPG, petrol, and diesel from heavy crude oil during refining. It is obtained as a residual product after the distillation of higher petroleum fractions.

As part of the order, Kakinada will receive 32,000 metric tonnes, valued at about Rs 166.7 crore, while Mangalore will get 10,800 metric tonnes, worth roughly Rs 51.9 crore. Deliveries are scheduled from January 23, 2026, to January 22, 2027, as per standard contract conditions. This deal further solidifies Agarwal Industrial’s standing in India’s bitumen sector and strengthens its partnership with BPCL, which is a key public sector oil company.

Agarwal Industrial Ltd has reported an operating revenue of Rs 245 crore in Q2 FY26, representing a 25 percent decline compared to Rs 326 crore in Q2 FY25. Additionally, on a quarter-on-quarter basis, it declined significantly by 59 percent from Rs 594 crore.

Regarding its profitability, the company reported a net profit of Rs 12 crore in Q2 FY26, representing a 33 percent decline compared to Rs 18 crore in Q2 FY25. Additionally, on a quarter-on-quarter basis, it declined by 8 percent from Rs 13 crore. 

Agarwal Industrial Corporation Limited was established in 1995 and is headquartered in Mumbai. The company manufactures and trades petrochemicals both within India and internationally. Its operations span five business segments: Bitumen and Allied Products, Petroleum Vessels, Petroleum Products, Logistics, and Windmills.

Their offerings include a wide range of bituminous products such as viscosity grades, industrial types, paving and modified varieties, along with materials for waterproofing and insulation. They manage bulk transportation of bitumen, LPG, and rubber processing oil, and also produce power through windmills. 

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