Ardee Industries Ltd.

•

ardeeindustries.comBSE: -NSE: ARDEE

Market Cap₹ 1,683 Cr.

Current Price

High / Low₹ 73 / 53

Stock P/E19.9

Book Value₹ 15

Price to Book3.40

Dividend Yield0.00 %

ROCE49.0 %

ROE80.7 %

Face Value₹ 2

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ABOUT

AI Sector View

AI GENERATED

Metals & Mining

Hold

The sector backdrop is mixed. Iron ore output was very strong at 29.5% YoY (2026-07), but steel slowed to 2.9% YoY (2026-07), finished steel consumption was 8.0% YoY (2026-06), and headline mining production was still -0.9% (Jul/26). FPI outflows of INR -2349 crore over 3 months to 2026-08-31 also argue against an aggressive overweight.

Confidence

61%

View full sector analysis →

PROS

Company has a good return on equity (ROE) track record: 3 Years ROE 63.1%
Company has a healthy return on capital (ROCE) of 31.4%
Operating margins have improved to 12.6% from 5.5%
Attractively priced for its growth - PEG of 0.2
Company converts assets efficiently - asset turnover of 3.7x

CONS

Poor cash conversion - profits are not backed by operating cash flow (CFO/PAT 0.10x)
Equity base is being diluted - shares outstanding up 1500.2%
Though reporting repeated profits, the company pays out little dividend (0.0%)

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

Peer comparison

Metals & MiningNon - Ferrous MetalsMetal - Non Ferrous

Part ofNIFTY 50 NIFTY 500 NIFTY LARGEMIDCAP 250 NIFTY 100 NIFTY 200

S.No.	Name
1.	HINDZINC	606.00	15.00	256054.33	1.65	5469.00	144.81	13747.00	81.10	69.83	58.56
2.	HINDALCO	1025.00	14.05	230340.72	0.49	7013.00	75.15	84825.00	32.06	10.45	16.43
3.	VEDL	273.80	5.44	107066.43	12.42	7918.00	77.65	24205.00	-35.34	18.72	35.12
4.	HINDCOPPER	532.35	45.29	51479.52	0.54	352.37	162.47	936.50	81.36	39.44	54.17
5.	VOGL	36.26	0.00	14179.07	0.00	9450.00	—	25070.00	—	0.00	32.47
6.	GRAVITA	1697.80	31.97	12531.20	0.37	106.37	14.30	1475.06	41.84	17.18	7.44
7.	JAINREC	295.70	28.27	10204.19	0.00	69.41	22.79	2724.46	75.86	25.74	3.97
8.	CMRGREEN	217.30	22.41	4760.08	0.00	68.18	—	3122.73	91.98	13.41	4.33
9.	POCL	467.00	24.98	3562.19	0.43	358.80	42.58	9348.90	55.08	23.32	5.97
10.	ARDEE	53.39	19.87	1682.86	0.00	199.03	—	3388.11	—	49.04	9.90
11.	ONIXSOLAR	454.20	27.85	1674.54	0.00	208.97	—	945.10	—	32.85	29.74
12.	BHAGYANGR	409.40	21.82	1371.34	0.00	20.24	167.37	705.08	45.20	9.17	5.43

Detailed Comparison with:

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

	Jun 2025	Jun 2026
	251	3,388
	225	3,124
Operating Profit	25	265
OPM %	10.06%	7.81%
	0	2
Interest	6	43
Depreciation	3	28
Profit before Tax	25	267
Tax %	26.11%	25.39%
Net Profit	19	199
	0.74	0.78

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	412	463	743	1,168
	389	435	677	1,021
Operating Profit	23	28	66	147
OPM %	5.53%	6.06%	8.88%	12.60%
	0	0	1	1
Interest	7	10	13	24
Depreciation	3	6	9	11
Profit before Tax	13	12	45	113
Tax %	32.92%	24.03%	25.48%	25.02%
Net Profit	9	9	33	85
EPS	268.98	281.13	1044.62	3.32
Dividend Payout %	0.00%	0.00%	0.00%	0.00%

COMPOUNDED SALES GROWTH

10 Years:: —
5 Years:: —
3 Years:: 42%

COMPOUNDED PROFIT GROWTH

10 Years:: —
5 Years:: —
3 Years:: 115%

STOCK PRICE CAGR

10 Years:: —
5 Years:: —
3 Years:: —
1 Year:: —

RETURN ON EQUITY

10 Years:: —
5 Years:: —
3 Years:: 63%
Last Year:: 81%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	3	3	3	51
	17	26	59	96
	76	136	158	176
Trade Payables	4	9	23	14
	8	21	18	24
Total Liabilities	108	196	262	362
	39	45	67	72
Capital Work in Progress	1	10	5	2
	24	42	45	116
	22	40	60	25
Cash & Bank	0	2	1	23
	21	57	84	124
Total Assets	108	196	262	362

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	-14	-25	8	30
Cash from Investing	-25	-27	-23	-20
Cash from Financing	38	54	13	4
	-1	2	-2	14

Ratios

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2023	Mar 2024	Mar 2025	Mar 2026

Shareholding Pattern

Numbers in percentages

	Aug 2026
	67.62
	1.85
	8.28
Government	0.00
	22.07

Documents

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

2026-09-07

General Updates

2026-09-07 - Ardee Industries Limited has informed the Exchange about- Intimation regarding seeking extension of time from The Registrar of Companies ("ROC") to convene the Annual General Meeting of the Company.

2026-09-03

Analysts/Institutional Investor Meet/Con. Call Updates

2026-09-03 - Ardee Industries Limited has informed the Exchange about Transcript

2026-08-31

Analysts/Institutional Investor Meet/Con. Call Updates

2026-08-31 - Ardee Industries Limited has informed the Exchange about Link of Recording

2026-08-31

Updates

2026-08-31 - Ardee Industries Limited has informed the Exchange regarding 'Revised Investor's Presentation'.

2026-08-27

Updates

2026-08-27 - Ardee Industries Limited has informed the Exchange regarding 'Presentation for Investor's Conference Call'.

2026-08-26

Analysts/Institutional Investor Meet/Con. Call Updates

2026-08-26 - Ardee Industries Limited has informed the Exchange about Registration Link

2026-08-26

Copy of Newspaper Publication

2026-08-26 - Ardee Industries Limited has informed the Exchange about Copy of Newspaper Publication

2026-08-25

Analysts/Institutional Investor Meet/Con. Call Updates

2026-08-25 - Ardee Industries Limited has informed the Exchange about Schedule of meet

2026-08-25

General Updates

2026-08-25 - Ardee Industries Limited has informed the Exchange about General Updates

News

Recent coverage and analyst commentary for ARDEE

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Ardee Industries Ltd.

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Free 5nance Account

Name

HINDZINC

606.00

15.00

256054.33

1.65

5469.00

144.81

13747.00

81.10

69.83

58.56

HINDALCO

1025.00

14.05

230340.72

0.49

7013.00

75.15

84825.00

32.06

10.45

16.43

VEDL

273.80

5.44

107066.43

12.42

7918.00

77.65

24205.00

-35.34

18.72

35.12

HINDCOPPER

532.35

45.29

51479.52

0.54

352.37

162.47

936.50

81.36

39.44

54.17

VOGL

36.26

0.00

14179.07

0.00

9450.00

—

25070.00

—

0.00

32.47

GRAVITA

1697.80

31.97

12531.20

0.37

106.37

14.30

1475.06

41.84

17.18

7.44

JAINREC

295.70

28.27

10204.19

0.00

69.41

22.79

2724.46

75.86

25.74

3.97

CMRGREEN

217.30

22.41

4760.08

0.00

68.18

—

3122.73

91.98

13.41

4.33

POCL

467.00

24.98

3562.19

0.43

358.80

42.58

9348.90

55.08

23.32

5.97

ARDEE

53.39

19.87

1682.86

0.00

199.03

—

3388.11

—

49.04

9.90

ONIXSOLAR

454.20

27.85

1674.54

0.00

208.97

—

945.10

—

32.85

29.74

BHAGYANGR

409.40

21.82

1371.34

0.00

20.24

167.37

705.08

45.20

9.17

5.43

Jun 2025

Jun 2026

251

3,388

225

3,124

Operating Profit

265

OPM %

10.06%

7.81%

Interest

Depreciation

Profit before Tax

267

Tax %

26.11%

25.39%

Net Profit

199

0.74

0.78

Mar 2023

Mar 2024

Mar 2025

Mar 2026

412

463

743

1,168

389

435

677

1,021

Operating Profit

147

OPM %

5.53%

6.06%

8.88%

12.60%

Interest

Depreciation

Profit before Tax

113

Tax %

32.92%

24.03%

25.48%

25.02%

Net Profit

EPS

268.98

281.13

1044.62

3.32

Dividend Payout %

0.00%

Mar 2023

Mar 2024

Mar 2025

Mar 2026

Equity Capital

136

158

176

Trade Payables

Total Liabilities

108

196

262

362

Capital Work in Progress

116

Cash & Bank

124

Total Assets

108

196

262

362

Mar 2023

Mar 2024

Mar 2025

Mar 2026

-14

-25

Cash from Investing

-25

-27

-23

-20

Cash from Financing

-1

-2

Mar 2023

Mar 2024

Mar 2025

Mar 2026

Aug 2026

67.62

1.85

8.28

Government

0.00

22.07

Ardee Industries Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

Sign in to Chat with AI

Ardee Industries Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

Sign in to Chat with AI