Aries Agro Ltd.

•

ariesagro.comBSE: 532935NSE: ARIES

Market Cap₹ 646 Cr.

Current Price

High / Low₹ 518 / 285

Stock P/E15.1

Book Value₹ 251

Price to Book1.20

Dividend Yield0.50 %

ROCE19.0 %

ROE12.3 %

Face Value₹ 10

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ABOUT

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

Latest quarter profit grew 48.5% YoY, showing strong momentum
Strong cash generation - operating cash flow backs reported profits (CFO/PAT 3.05x)
Company has delivered good sales growth of 15.1% CAGR over last 5 years
Company generates healthy free cash flow
Company has a consistent dividend-paying track record
Company maintains a comfortable, low leverage position

CONS

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

Peer comparison

ChemicalsChemicalsFertilizers

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

S.No.	Name
1.	COROMANDEL	1930.70	31.10	56967.41	0.57	381.56	-23.93	8164.77	15.94	23.92	9.26
2.	FACT	800.05	1851.54	51768.99	0.00	-67.90	-948.75	1567.84	65.14	11.30	-2.73
3.	CHAMBLFERT	418.30	8.69	16759.29	2.63	523.60	-4.61	5027.02	-11.77	25.50	16.42
4.	PARADEEP	153.40	14.86	15930.90	0.98	392.54	53.43	6124.25	63.14	15.09	11.76
5.	MBAPL	162.08	45.83	7101.29	0.06	329.62	1068.62	4163.01	916.15	19.41	15.83
6.	GSFC	161.80	9.31	6447.37	3.09	158.54	14.39	3583.15	64.03	6.16	6.58
7.	RCF	114.50	14.15	6316.83	2.04	73.53	35.09	3585.71	6.38	10.81	6.11
8.	KRISHANA	186.37	29.30	5761.40	0.05	47.09	54.01	532.31	34.58	27.26	16.71
9.	NFL	70.12	9.44	3439.94	1.48	113.38	387.47	4500.39	27.34	9.16	6.87
10.	SPIC	71.05	7.06	1446.86	2.81	60.18	-9.79	848.81	9.22	16.82	9.27
11.	MADRASFERT	65.43	14.86	1054.09	0.00	34.59	-21.49	814.01	21.07	27.70	6.46
12.	ARIES	497.05	13.54	646.38	0.50	14.84	49.50	187.58	17.41	18.95	14.45

Detailed Comparison with:

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

	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
	106	154	144	103	137	181	159	120	154	188	189	171	183
	94	127	127	105	122	152	141	123	136	159	168	176	165
Operating Profit	13	27	17	-2	15	29	18	-3	19	29	21	-5	18
OPM %	11.75%	17.70%	11.75%	-1.74%	10.76%	15.95%	11.44%	-2.11%	12.03%	15.30%	11.07%	-2.79%	9.87%
	0	0	0	0	0	0	0	0	0	0	0	0	0
Interest	4	9	4	5	3	8	5	3	5	7	2	3	4
Depreciation	2	2	2	2	2	2	2	3	2	2	3	3	2
Profit before Tax	8	19	12	-7	11	21	15	-6	14	25	19	-4	18
Tax %	31.16%	29.34%	30.00%	23.25%	29.96%	20.21%	20.38%	28.15%	33.02%	25.27%	25.52%	13.86%	24.72%
Net Profit	6	13	8	-6	8	17	12	-5	9	18	14	-3	14
	4.39	10.16	6.52	-4.29	6.12	13.15	9.07	-3.55	7.05	14.14	10.99	-2.68	10.47

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	TTM
	208	217	261	265	296	381	432	470	508	598	731
	176	177	216	220	254	324	384	423	453	538	668
Operating Profit	31	40	45	45	42	57	48	47	55	59	63
OPM %	15.15%	18.39%	17.08%	16.97%	14.12%	14.99%	11.04%	9.97%	10.81%	9.92%	8.62%
	1	2	4	8	12	5	9	13	6	8	0
Interest	21	21	25	27	26	26	24	23	22	18	16
Depreciation	2	2	2	2	5	6	6	8	7	8	10
Profit before Tax	10	18	22	23	23	30	27	29	32	41	58
Tax %	38.52%	35.44%	35.02%	34.48%	32.39%	24.74%	28.35%	31.07%	31.42%	21.72%	25.98%
Net Profit	6	12	14	15	16	23	19	20	22	32	43
EPS	0.00	0.00	0.00	0.00	0.00	17.41	14.63	15.56	16.77	24.80	—
Dividend Payout %	30.49%	21.96%	21.14%	15.71%	4.17%	4.60%	5.47%	6.43%	5.96%	4.84%	—

COMPOUNDED SALES GROWTH

10 Years:: 10%
5 Years:: 15%
3 Years:: 11%

COMPOUNDED PROFIT GROWTH

10 Years:: 11%
5 Years:: 16%
3 Years:: 19%

STOCK PRICE CAGR

10 Years:: 17%
5 Years:: 27%
3 Years:: 40%
1 Year:: 19%

RETURN ON EQUITY

10 Years:: 10%
5 Years:: 11%
3 Years:: 10%
Last Year:: 12%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Equity Capital	13	13	13	13	13	13	13	13	13	13
	113	122	133	144	155	178	196	214	235	262
	111	110	145	159	152	131	101	91	59	30
Trade Payables	22	30	51	51	58	52	68	59	45	50
	39	43	43	57	76	102	108	120	140	194
Total Liabilities	299	318	385	425	454	476	486	497	491	548
	26	25	34	39	48	54	65	70	77	92
Capital Work in Progress	9	15	14	15	12	12	0	0	2	10
	20	20	20	20	20	20	20	23	29	31
	99	115	127	130	138	141	147	143	124	122
	0	0	0	0	0	0	0	0	107	113
Cash & Bank	9	11	10	8	4	4	3	4	4	33
	135	133	180	213	232	244	252	258	149	147
Total Assets	299	318	385	425	454	476	486	497	491	548

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
	29	36	38	56	64	62	73	59	74	101
Cash from Investing	-12	-4	-37	-31	-24	-12	-8	-15	-18	-29
Cash from Financing	-13	-25	7	-19	-37	-43	-58	-37	-56	-44
	0	1	0	-2	-4	-0	0	1	-1	28

Ratios

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
PER SHARE
EPS (₹)	4.92	9.11	10.88	11.46	12.00	17.41	14.63	15.56	16.77	24.80
Book Value (₹)	96.65	103.89	112.42	120.57	129.32	146.51	160.45	174.91	190.54	211.09
Dividend per Share (₹)	1.50	2.00	2.30	1.80	0.50	0.80	0.80	1.00	1.00	1.20
Cash EPS (₹)	6.27	10.53	12.59	13.31	16.13	22.32	18.98	21.42	22.49	31.19
PROFITABILITY
Operating Margin %	14.01%	14.93%	15.23%	16.41%	14.53%	13.15%	10.32%	9.86%	8.27%	7.62%
Net Margin %	2.73%	4.27%	4.42%	4.65%	4.20%	4.77%	3.47%	3.32%	3.28%	4.14%
ROE %	4.91%	9.08%	10.06%	9.83%	9.61%	12.62%	9.53%	9.28%	9.18%	12.35%
ROCE %	12.73%	16.27%	17.15%	16.35%	15.27%	17.41%	15.95%	16.56%	17.06%	19.01%
	2.12%	3.84%	4.02%	3.68%	3.55%	4.87%	3.96%	4.11%	4.41%	6.21%
EFFICIENCY
Debtor Days	139	106	100	111	99	81	72	64	59	52
Inventory Days	155	141	138	146	132	107	96	87	73	58
Payable Days	118	125	146	189	185	119	107	104	82	60
	175	122	92	68	45	69	60	47	50	49
FINANCIAL HEALTH
Debt to Equity (x)	0.90x	0.83x	1.02x	1.03x	0.89x	0.71x	0.50x	0.41x	0.25x	0.13x
Interest Coverage (x)	1.50x	1.87x	1.88x	1.83x	1.90x	2.16x	2.09x	2.27x	2.45x	3.33x
	1.55x	1.57x	1.46x	1.41x	1.44x	1.49x	1.60x	1.71x	1.83x	1.84x
GROWTH
Revenue Growth %	-11.33%	4.43%	20.42%	1.63%	11.62%	28.81%	13.20%	8.82%	8.05%	17.72%
Operating Profit Growth %	-13.95%	25.90%	17.67%	7.89%	2.71%	15.60%	-9.44%	6.38%	1.85%	9.72%
Net Profit Growth %	-45.85%	85.15%	19.47%	5.29%	4.78%	45.02%	-15.97%	6.37%	7.80%	47.85%
	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	7.80%	47.85%
VALUATION
P/E (x)	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	14.43x	10.20x
P/B (x)	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	1.27x	1.20x
Dividend Yield %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.41%	0.47%
	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	6.08x	4.93x

Shareholding Pattern

Numbers in percentages

	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	52.66	52.66	52.66	52.66	52.66	52.66	52.66	52.66
	2.53	3.38	2.98	4.29	3.20	2.91	3.25	3.13
	0.00	0.00	0.00	0.26	0.00	0.00	0.00	0.02
Government	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	44.81	43.96	44.36	42.79	44.14	44.43	44.09	44.19

Documents

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

2026-09-04

Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company

2026-09-04 - Aries Agro Limited has informed the Exchange about Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company

2026-08-11

Updates

2026-08-11 - Aries Agro Limited has informed the Exchange regarding 'Approvals by Board'.1. Convening of AGM2. Fixation of Cut Off/Record Date3. Date for Payment of Dividend4. Re-appointment of Managing Director5. Re-appointment of Independent Director

2026-08-11

Record Date

2026-08-11 - Aries Agro Limited has informed the Exchange that Record date for the purpose of Dividend is 22-Sep-2026.

2026-08-11

Outcome of Board Meeting

2026-08-11 - Aries Agro Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2026.

2026-08-10

Updates

2026-08-10 - Aries Agro Limited has informed the Exchange regarding 'Monthly Report On Special Window Re-Lodgement Of Shares- July, 2026'.

2026-08-07

Credit Rating

2026-08-07 - Aries Agro Limited has informed the Exchange about Credit Rating

2026-07-09

Updates

2026-07-09 - Aries Agro Limited has informed the Exchange regarding 'Monthly Report on Special Window Re-Lodgement of Shares-June,2026'.

2026-07-06

Certificate under SEBI (Depositories and Participants) Regulations, 2018

2026-07-06 - Aries Agro Limited has informed the Exchange about the Certificate pursuant to Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018

2026-06-23

Trading Window

2026-06-23 - Aries Agro Limited has informed the Exchange regarding the Trading Window closure pursuant to SEBI (Prohibition of Insider Trading) Regulations, 2015

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