Aarti Industries Ltd.

•

aarti-industries.comBSE: 524208NSE: AARTIIND

Market Cap₹ 17,852 Cr.

Current Price

High / Low₹ 552 / 338

Stock P/E33.6

Book Value₹ 168

Price to Book2.43

Dividend Yield0.20 %

ROCE7.0 %

ROE7.3 %

Face Value₹ 5

Add ratio to table

ABOUT

KEY POINTS

Revenue Breakup Mar 2022 • Speciality Chemicals: 83.6% • Pharmaceuticals: 16.4%

AI Sector View

AI GENERATED

Chemicals

Hold

The available domestic chemical proxies are mixed to weak. Fertilizers output was -8.0% YoY (2026-07) and sale quantity of fertilisers was 0.0% YoY (2026-05), although that high-frequency barometer is stale. FPI positioning is less negative than before, with net 3-month outflow only INR -11 crore versus INR -1229 crore in the prior 3 months to 2026-08-31, but the weak sector driver argues for a neutral stance.

Confidence

55%

View full sector analysis →

PROS

Company has consistently been profitable over the last 5 years
Latest quarter profit grew 260.5% YoY, showing strong momentum
Strong cash generation - operating cash flow backs reported profits (CFO/PAT 2.77x)
Working capital cycle has improved - days down from -26 to -34
Stock looks reasonably valued - P/E of 33.6 is below its historical median
Company has a consistent dividend-paying track record

CONS

Receivables are growing faster than sales - a possible quality concern
Company has a low return on capital employed of 6.9%
Company has a low return on equity of 7.2% over last 3 years
Free cash flow has been persistently negative
Effective tax rate is unusually low at -14.9% - earnings may be flattered
Company has delivered a poor profit growth of -4.8% over past five years

* The pros and cons are machine generated based on quantitative rules.

Peer comparison

ChemicalsChemicalsChemicals

Part ofNIFTY TOTAL MKT NIFTY 500 NIFTY SMLCAP 250

S.No.	Name
1.	SOLARINDS	22307.50	101.37	201860.69	0.05	666.37	88.98	3668.20	70.26	38.16	27.91
2.	PIDILITIND	1567.45	60.23	159547.55	1.37	8835.10	1202.86	45515.50	1112.74	32.38	26.28
3.	SRF	2483.00	34.05	73602.28	0.36	758.87	75.53	5033.26	34.63	14.21	24.57
4.	FLUOROCHEM	4771.75	85.23	52417.67	0.06	219.00	19.02	1588.00	23.97	9.58	26.83
5.	NAVINFLUOR	8541.10	55.49	43822.77	0.18	243.31	107.67	1045.08	44.07	21.39	34.17
6.	GODREJIND	1127.00	32.29	37963.11	0.00	523.36	-27.85	5448.09	22.16	10.64	12.82
7.	AETHER	1672.95	94.41	22204.70	0.00	62.75	33.45	326.56	27.49	11.65	31.47
8.	DEEPAKNTR	1587.10	27.64	21646.94	0.47	345.01	207.36	2577.60	36.39	11.58	20.96
9.	ATUL	6244.55	23.11	18385.05	0.48	253.93	91.85	1847.95	25.03	15.05	21.41
10.	AARTIIND	492.15	33.62	17851.59	0.20	155.00	260.47	2387.00	42.42	6.95	16.00
11.	DEEPAKFERT	1320.45	17.00	16725.20	0.76	490.04	100.95	3256.26	22.47	12.12	25.96
12.	BASF	3665.15	24.67	15864.84	0.68	360.29	162.22	4824.26	24.57	15.23	10.46

Detailed Comparison with:

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	1,414	1,454	1,732	1,773	1,851	1,628	1,842	1,949	1,676	2,101	2,319	2,206	2,387
	1,213	1,221	1,472	1,489	1,546	1,430	1,611	1,687	1,463	1,809	1,997	1,870	2,212
Operating Profit	201	233	260	284	305	198	231	262	213	292	322	336	175
OPM %	14.21%	16.02%	15.01%	16.02%	16.48%	12.16%	12.54%	13.44%	12.71%	13.90%	13.89%	15.23%	7.33%
	0	0	8	-1	6	6	5	3	3	21	-13	5	1
Interest	40	58	54	59	64	62	85	64	60	100	69	112	83
Depreciation	89	93	97	98	102	108	111	113	114	120	121	119	124
Profit before Tax	72	82	117	126	145	34	40	88	42	93	119	110	180
Tax %	2.78%	-10.98%	-5.98%	-4.76%	5.52%	-52.94%	-15.00%	-9.09%	-2.38%	-13.98%	-11.76%	-24.55%	13.89%
Net Profit	0	0	0	0	137	52	46	96	43	106	133	137	155
	1.93	2.50	3.42	3.64	3.77	1.44	1.27	2.64	1.19	2.91	3.67	3.79	4.27

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
	3,163	3,806	4,168	4,186	4,506	6,086	6,619	6,371	7,269	8,286	9,013
	2,510	3,107	3,202	3,209	3,525	4,365	5,530	5,397	6,283	7,175	7,888
Operating Profit	654	699	965	977	982	1,720	1,089	974	987	1,111	1,125
OPM %	20.66%	18.37%	23.16%	23.35%	21.78%	28.27%	16.45%	15.29%	13.57%	13.41%	12.48%
	2	8	2	9	1	1	1	11	30	68	14
Interest	117	132	183	125	86	102	168	211	275	340	364
Depreciation	123	146	163	185	231	246	310	378	434	474	484
Profit before Tax	416	429	622	676	665	1,372	611	395	307	365	502
Tax %	21.19%	19.32%	18.94%	19.14%	19.46%	13.57%	10.78%	-5.32%	-7.69%	-14.90%	-5.78%
Net Profit	328	346	504	547	535	1,186	545	416	331	419	531
EPS	38.45	40.95	60.39	30.77	15.02	32.71	15.04	11.49	9.13	11.56	—
Dividend Payout %	2.60%	2.44%	19.39%	11.38%	9.99%	10.70%	16.62%	8.70%	10.96%	8.65%	—

COMPOUNDED SALES GROWTH

10 Years:: 11%
5 Years:: 13%
3 Years:: 8%

COMPOUNDED PROFIT GROWTH

10 Years:: 5%
5 Years:: -4%
3 Years:: -8%

STOCK PRICE CAGR

10 Years:: 13%
5 Years:: -12%
3 Years:: 0%
1 Year:: 26%

RETURN ON EQUITY

10 Years:: 17%
5 Years:: 13%
3 Years:: 7%
Last Year:: 7%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	41	41	43	87	87	181	181	181	181	181
Minority Interest	64	77	84	95	12	1	1	1	0	0
	1,321	1,538	2,587	2,892	3,416	4,335	4,739	5,106	5,415	5,760
	1,564	2,147	2,604	2,649	3,068	2,806	3,116	3,320	3,709	4,774
Trade Payables	300	357	279	345	576	345	216	725	1,237	1,841
	209	231	260	265	482	155	276	639	353	439
Total Liabilities	3,499	4,391	5,858	6,332	7,642	7,823	8,528	9,972	10,896	12,996
	1,697	1,998	2,147	2,468	3,593	3,595	4,861	5,649	6,377	6,399
Capital Work in Progress	270	436	795	1,418	1,298	1,303	989	1,059	1,274	2,030
	47	47	33	37	64	28	17	23	48	132
	571	747	772	836	936	934	1,031	1,160	1,454	1,732
	0	0	0	0	0	0	0	854	786	1,403
Cash & Bank	28	32	804	247	412	174	201	516	295	608
	886	1,131	1,308	1,326	1,340	1,789	1,429	711	662	691
Total Assets	3,499	4,391	5,858	6,332	7,642	7,823	8,528	9,972	10,896	12,996

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	568	434	867	1,266	969	765	1,410	1,210	1,238	781
Cash from Investing	-529	-610	-797	-1,124	-1,322	-1,169	-1,330	-1,369	-1,393	-1,142
Cash from Financing	58	279	833	-535	614	412	38	420	-73	745
	-0	4	772	-557	165	-239	27	261	-229	383

Ratios

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026

Shareholding Pattern

Numbers in percentages

Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
43.24	42.61	42.35	42.24	42.24	42.18	42.14	42.09	41.82
10.61	9.68	7.25	6.29	6.44	6.40	6.70	7.38	7.00
18.55	18.11	17.92	19.95	20.37	18.20	18.21	20.11	21.10
0.03	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01
27.57	29.59	32.47	31.49	30.94	33.21	32.95	30.40	30.07

Documents

Corporate disclosures, annual reports, credit ratings, and concall transcripts

2026-09-07

Press Release

2026-09-07 - Aarti Industries Limited has informed the Exchange regarding a press release dated September 07, 2026, titled "Aarti Industries Commissions Phase I of Zone IV, Unlocking New High-Value Manufacturing Opportunities".

2026-08-28

Copy of Newspaper Publication

2026-08-28 - Aarti Industries Limited has informed the Exchange about Copy of Newspaper Publication regarding dispatch to the Shareholders of Integrated Annual Report for the FY 2025-26 and Notice of 43rd AGM

2026-08-27

Record Date

2026-08-27 - Aarti Industries Limited has informed the Exchange that Record date for the purpose of Dividend is 14-Sep-2026.

2026-08-27

Updates

2026-08-27 - Aarti Industries Limited has informed the Exchange regarding 'Business Responsibility and Sustainability Report for the Financial Year 2025-26'.

2026-08-27

Shareholders meeting

2026-08-27 - Aarti Industries Limited has informed the Exchange regarding Notice of Annual General Meeting to be held on September 21, 2026

2026-08-24

Analysts/Institutional Investor Meet/Con. Call Updates

2026-08-24 - Aarti Industries Limited has informed the Exchange about Schedule of Analyst /Investor Meet.

2026-08-20

Copy of Newspaper Publication

2026-08-20 - Aarti Industries Limited has informed the Exchange about Copy of Newspaper Publication

2026-08-18

Copy of Newspaper Publication

2026-08-18 - Aarti Industries Limited has informed the Exchange about Copy of Newspaper Publication - Notice of Loss of Share Certificate.

2026-08-07

Analysts/Institutional Investor Meet/Con. Call Updates

2026-08-07 - Aarti Industries Limited has informed the Exchange about Transcript

News

Recent coverage and analyst commentary for AARTIIND

Loading news…

🤖

AI Stock Analyst

Aarti Industries Ltd.

🔒

Sign in to Chat with AI

✨ Sign In to Chat

Free 5nance Account