Aarti Industries Ltd.
•₹ 527.21.37%
2026-08-21
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 2.92x)
- Working capital cycle has improved - days down from -5 to -26
- Company has a consistent dividend-paying track record
CONS
- Company has a low return on capital employed of 8.1%
- Company has a low return on equity of 8.6% over last 3 years
- Effective tax rate is unusually low at -7.7% - earnings may be flattered
- Company has delivered a poor profit growth of -9.6% over past five years
- Free cash flow has been persistently negative
- Operating margins have contracted to 12.3% from 25.0%
* The pros and cons are machine generated based on quantitative rules.
Peer comparison
EDIT COLUMNS| S.No. | Name | CMP Rs. | P/E | Mar Cap Rs.Cr. | Div Yld % | NP Qtr Rs.Cr. | Qtr Profit Var % | Sales Qtr Rs.Cr. | Qtr Sales Var % | ROCE % | OPM % |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 1. | SOLARINDS | 19800.00 | 89.97 | 179170.31 | 0.06 | 666.37 | 88.98 | 3668.20 | 70.26 | 38.16 | 27.91 |
| 2. | PIDILITIND | 1650.00 | 63.40 | 167935.41 | 1.30 | 8835.10 | 1202.86 | 45515.50 | 1112.74 | 32.38 | 26.28 |
| 3. | SRF | 2575.00 | 35.31 | 76329.39 | 0.35 | 758.87 | 75.53 | 5033.26 | 34.63 | 14.21 | 24.57 |
| 4. | FLUOROCHEM | 4679.55 | 83.59 | 51404.86 | 0.06 | 219.00 | 19.02 | 1588.00 | 23.97 | 10.02 | 26.83 |
| 5. | NAVINFLUOR | 8281.50 | 53.80 | 42484.11 | 0.18 | 243.31 | 107.67 | 1045.08 | 44.07 | 21.39 | 34.17 |
| 6. | GODREJIND | 1217.10 | 34.87 | 40998.14 | 0.00 | 523.36 | -27.85 | 5448.09 | 22.16 | 10.64 | 12.82 |
| 7. | DEEPAKNTR | 1767.85 | 30.78 | 24112.24 | 0.42 | 345.01 | 207.36 | 2577.60 | 36.39 | 11.58 | 20.96 |
| 8. | AETHER | 1639.40 | 92.52 | 21759.40 | 0.00 | 62.75 | 33.45 | 326.56 | 27.49 | 11.65 | 31.47 |
| 9. | ATUL | 6581.75 | 24.36 | 19377.83 | 0.46 | 253.93 | 91.85 | 1847.95 | 25.03 | 15.05 | 21.41 |
| 10. | AARTIIND | 526.90 | 35.99 | 19112.07 | 0.19 | 155.00 | 260.47 | 2387.00 | 42.42 | 6.39 | 16.00 |
| 11. | DEEPAKFERT | 1474.65 | 18.98 | 18678.34 | 0.68 | 490.04 | 100.95 | 3256.26 | 22.47 | 12.12 | 25.96 |
| 12. | BASF | 3928.85 | 26.45 | 17006.28 | 0.64 | 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 | — | — | — | — | — | — | — | — | — | — | — | — | — |
| OPM % | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Other Income | 0 | 0 | 8 | -1 | 6 | 4 | 5 | 3 | 3 | 0 | 2 | 5 | 3 |
| 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 |
| 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 |
| 2 | 2 | 3 | 4 | 4 | 1 | 1 | 3 | 1 | 3 | 4 | 4 | 0 | |
| Equity Capital | 181 | 181 | 181 | 181 | 181 | 181 | 181 | 181 | 181 | 181 | 181 | 181 | 181 |
| Reserves | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Promoter Pledge % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Equity Capital | 181 | 181 | 181 | 181 | 181 | 181 | 181 | 181 | 181 | 181 | 181 | 181 | 181 |
| Reserves | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Promoter Pledge % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Jun 2023
- 1,414
- 1,213
- Operating Profit
- —
- OPM %
- —
- Other Income
- 0
- Interest
- 40
- Depreciation
- 89
- 72
- Tax %
- 2.78%
- Net Profit
- 0
- 2
- Equity Capital
- 181
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 181
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Sep 2023
- 1,454
- 1,221
- Operating Profit
- —
- OPM %
- —
- Other Income
- 0
- Interest
- 58
- Depreciation
- 93
- 82
- Tax %
- -10.98%
- Net Profit
- 0
- 2
- Equity Capital
- 181
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 181
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Dec 2023
- 1,732
- 1,472
- Operating Profit
- —
- OPM %
- —
- Other Income
- 8
- Interest
- 54
- Depreciation
- 97
- 117
- Tax %
- -5.98%
- Net Profit
- 0
- 3
- Equity Capital
- 181
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 181
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Mar 2024
- 1,773
- 1,489
- Operating Profit
- —
- OPM %
- —
- Other Income
- -1
- Interest
- 59
- Depreciation
- 98
- 126
- Tax %
- -4.76%
- Net Profit
- 0
- 4
- Equity Capital
- 181
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 181
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Jun 2024
- 1,851
- 1,546
- Operating Profit
- —
- OPM %
- —
- Other Income
- 6
- Interest
- 64
- Depreciation
- 102
- 145
- Tax %
- 5.52%
- Net Profit
- 137
- 4
- Equity Capital
- 181
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 181
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Sep 2024
- 1,628
- 1,430
- Operating Profit
- —
- OPM %
- —
- Other Income
- 4
- Interest
- 62
- Depreciation
- 108
- 34
- Tax %
- -52.94%
- Net Profit
- 52
- 1
- Equity Capital
- 181
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 181
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Dec 2024
- 1,842
- 1,611
- Operating Profit
- —
- OPM %
- —
- Other Income
- 5
- Interest
- 85
- Depreciation
- 111
- 40
- Tax %
- -15.00%
- Net Profit
- 46
- 1
- Equity Capital
- 181
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 181
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Mar 2025
- 1,949
- 1,687
- Operating Profit
- —
- OPM %
- —
- Other Income
- 3
- Interest
- 64
- Depreciation
- 113
- 88
- Tax %
- -9.09%
- Net Profit
- 96
- 3
- Equity Capital
- 181
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 181
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Jun 2025
- 1,676
- 1,463
- Operating Profit
- —
- OPM %
- —
- Other Income
- 3
- Interest
- 60
- Depreciation
- 114
- 42
- Tax %
- -2.38%
- Net Profit
- 43
- 1
- Equity Capital
- 181
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 181
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Sep 2025
- 2,101
- 1,809
- Operating Profit
- —
- OPM %
- —
- Other Income
- 0
- Interest
- 100
- Depreciation
- 120
- 93
- Tax %
- -13.98%
- Net Profit
- 106
- 3
- Equity Capital
- 181
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 181
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Dec 2025
- 2,319
- 1,997
- Operating Profit
- —
- OPM %
- —
- Other Income
- 2
- Interest
- 69
- Depreciation
- 121
- 119
- Tax %
- -11.76%
- Net Profit
- 133
- 4
- Equity Capital
- 181
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 181
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Mar 2026
- 2,206
- 1,870
- Operating Profit
- —
- OPM %
- —
- Other Income
- 5
- Interest
- 112
- Depreciation
- 119
- 110
- Tax %
- -24.55%
- Net Profit
- 137
- 4
- Equity Capital
- 181
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 181
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Jun 2026
- 2,387
- 2,212
- Operating Profit
- —
- OPM %
- —
- Other Income
- 3
- Interest
- 83
- Depreciation
- 124
- 180
- Tax %
- 13.89%
- Net Profit
- 155
- 0
- Equity Capital
- 181
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 181
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 3,007 | 3,163 | 3,806 | 4,168 | 4,186 | 4,506 | 6,086 | 6,619 | 6,371 | 7,271 | 9,013 | |
| 2,434 | 2,510 | 3,107 | 3,202 | 3,209 | 3,525 | 4,365 | 5,530 | 5,397 | 6,274 | 7,888 | |
| Operating Profit | 578 | 655 | 707 | 967 | 986 | 982 | 1,721 | 1,090 | 985 | 1,015 | — |
| OPM % | 19 | 21 | 19 | 23 | 24 | 22 | 28 | 16 | 15 | 14 | — |
| Other Income | 6 | 2 | 8 | 2 | 9 | 1 | 1 | 1 | 11 | 18 | 10 |
| Interest | 117 | 117 | 132 | 183 | 125 | 86 | 102 | 168 | 211 | 275 | 364 |
| Depreciation | 98 | 123 | 146 | 163 | 185 | 231 | 246 | 310 | 378 | 434 | 484 |
| 363 | 416 | 429 | 622 | 676 | 665 | 1,372 | 611 | 395 | 307 | 502 | |
| Tax % | 26 | 21 | 19 | 19 | 19 | 19 | 14 | 11 | -5 | -8 | -6 |
| Net Profit | 268 | 328 | 346 | 504 | 547 | 535 | 1,186 | 545 | 416 | 331 | 531 |
| EPS | 31 | 38 | 41 | 60 | 31 | 15 | 33 | 15 | 11 | 9 | — |
| Dividend Payout % | 28 | 3 | 2 | 19 | 11 | 10 | 11 | 17 | 9 | 11 | — |
| Minority Interest | -11 | -12 | -13 | -12 | -11 | -12 | -0 | 0 | 0 | 0 | 0 |
| Share of Associates | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Adjusted EPS | 8 | 10 | 10 | 14 | 15 | 15 | 33 | 15 | 11 | 9 | — |
| Minority Interest | -11 | -12 | -13 | -12 | -11 | -12 | -0 | 0 | 0 | 0 | 0 |
| Share of Associates | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Adjusted EPS | 8 | 10 | 10 | 14 | 15 | 15 | 33 | 15 | 11 | 9 | — |
Mar 2016
- 3,007
- 2,434
- Operating Profit
- 578
- OPM %
- 19
- Other Income
- 6
- Interest
- 117
- Depreciation
- 98
- 363
- Tax %
- 26
- Net Profit
- 268
- EPS
- 31
- Dividend Payout %
- 28
- Minority Interest
- -11
- Share of Associates
- 0
- Adjusted EPS
- 8
- Minority Interest
- -11
- Share of Associates
- 0
- Adjusted EPS
- 8
Mar 2017
- 3,163
- 2,510
- Operating Profit
- 655
- OPM %
- 21
- Other Income
- 2
- Interest
- 117
- Depreciation
- 123
- 416
- Tax %
- 21
- Net Profit
- 328
- EPS
- 38
- Dividend Payout %
- 3
- Minority Interest
- -12
- Share of Associates
- 0
- Adjusted EPS
- 10
- Minority Interest
- -12
- Share of Associates
- 0
- Adjusted EPS
- 10
Mar 2018
- 3,806
- 3,107
- Operating Profit
- 707
- OPM %
- 19
- Other Income
- 8
- Interest
- 132
- Depreciation
- 146
- 429
- Tax %
- 19
- Net Profit
- 346
- EPS
- 41
- Dividend Payout %
- 2
- Minority Interest
- -13
- Share of Associates
- 0
- Adjusted EPS
- 10
- Minority Interest
- -13
- Share of Associates
- 0
- Adjusted EPS
- 10
Mar 2019
- 4,168
- 3,202
- Operating Profit
- 967
- OPM %
- 23
- Other Income
- 2
- Interest
- 183
- Depreciation
- 163
- 622
- Tax %
- 19
- Net Profit
- 504
- EPS
- 60
- Dividend Payout %
- 19
- Minority Interest
- -12
- Share of Associates
- 0
- Adjusted EPS
- 14
- Minority Interest
- -12
- Share of Associates
- 0
- Adjusted EPS
- 14
Mar 2020
- 4,186
- 3,209
- Operating Profit
- 986
- OPM %
- 24
- Other Income
- 9
- Interest
- 125
- Depreciation
- 185
- 676
- Tax %
- 19
- Net Profit
- 547
- EPS
- 31
- Dividend Payout %
- 11
- Minority Interest
- -11
- Share of Associates
- 0
- Adjusted EPS
- 15
- Minority Interest
- -11
- Share of Associates
- 0
- Adjusted EPS
- 15
Mar 2021
- 4,506
- 3,525
- Operating Profit
- 982
- OPM %
- 22
- Other Income
- 1
- Interest
- 86
- Depreciation
- 231
- 665
- Tax %
- 19
- Net Profit
- 535
- EPS
- 15
- Dividend Payout %
- 10
- Minority Interest
- -12
- Share of Associates
- 0
- Adjusted EPS
- 15
- Minority Interest
- -12
- Share of Associates
- 0
- Adjusted EPS
- 15
Mar 2022
- 6,086
- 4,365
- Operating Profit
- 1,721
- OPM %
- 28
- Other Income
- 1
- Interest
- 102
- Depreciation
- 246
- 1,372
- Tax %
- 14
- Net Profit
- 1,186
- EPS
- 33
- Dividend Payout %
- 11
- Minority Interest
- -0
- Share of Associates
- 0
- Adjusted EPS
- 33
- Minority Interest
- -0
- Share of Associates
- 0
- Adjusted EPS
- 33
Mar 2023
- 6,619
- 5,530
- Operating Profit
- 1,090
- OPM %
- 16
- Other Income
- 1
- Interest
- 168
- Depreciation
- 310
- 611
- Tax %
- 11
- Net Profit
- 545
- EPS
- 15
- Dividend Payout %
- 17
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 15
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 15
Mar 2024
- 6,371
- 5,397
- Operating Profit
- 985
- OPM %
- 15
- Other Income
- 11
- Interest
- 211
- Depreciation
- 378
- 395
- Tax %
- -5
- Net Profit
- 416
- EPS
- 11
- Dividend Payout %
- 9
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 11
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 11
Mar 2025
- 7,271
- 6,274
- Operating Profit
- 1,015
- OPM %
- 14
- Other Income
- 18
- Interest
- 275
- Depreciation
- 434
- 307
- Tax %
- -8
- Net Profit
- 331
- EPS
- 9
- Dividend Payout %
- 11
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 9
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 9
TTM
- 9,013
- 7,888
- Operating Profit
- —
- OPM %
- —
- Other Income
- 10
- Interest
- 364
- Depreciation
- 484
- 502
- Tax %
- -6
- Net Profit
- 531
- EPS
- —
- Dividend Payout %
- —
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- —
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- —
COMPOUNDED SALES GROWTH
- 10 Years:
- 10%
- 5 Years:
- 12%
- 3 Years:
- 6%
COMPOUNDED PROFIT GROWTH
- 10 Years:
- 5%
- 5 Years:
- -9%
- 3 Years:
- -35%
STOCK PRICE CAGR
- 10 Years:
- 14%
- 5 Years:
- -11%
- 3 Years:
- 5%
- 1 Year:
- 32%
RETURN ON EQUITY
- 10 Years:
- 19%
- 5 Years:
- 14%
- 3 Years:
- 9%
- Last Year:
- 6%
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| LIABILITIES | - | - | - | - | - | - | - | - | - | - |
| Equity Capital | 42 | 41 | 41 | 43 | 87 | 87 | 181 | 181 | 181 | 181 |
| 1,096 | 1,321 | 1,538 | 2,587 | 2,892 | 3,416 | 4,335 | 4,739 | 5,106 | 5,415 | |
| 765 | 967 | 1,175 | 1,586 | 1,517 | 1,576 | 1,638 | 2,239 | 1,571 | 1,682 | |
| Trade Payables | 305 | 300 | 357 | 279 | 345 | 576 | 345 | 216 | 725 | 1,237 |
| 759 | 869 | 1,281 | 1,362 | 1,491 | 1,987 | 1,324 | 1,153 | 2,388 | 2,380 | |
| Total Liabilities | 2,966 | 3,499 | 4,391 | 5,858 | 6,332 | 7,642 | 7,823 | 8,528 | 9,972 | 10,896 |
| ASSETS | - | - | - | - | - | - | - | - | - | - |
| 1,246 | 1,697 | 1,998 | 2,147 | 2,468 | 3,593 | 3,595 | 4,861 | 5,649 | 6,377 | |
| Capital Work in Progress | 313 | 270 | 436 | 795 | 1,418 | 1,298 | 1,303 | 989 | 1,059 | 1,274 |
| 41 | 47 | 47 | 33 | 37 | 64 | 28 | 17 | 23 | 48 | |
| 495 | 571 | 747 | 772 | 836 | 936 | 934 | 1,031 | 1,160 | 1,454 | |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 854 | 786 | |
| Cash & Bank | 29 | 28 | 32 | 804 | 247 | 412 | 174 | 201 | 516 | 295 |
| 842 | 886 | 1,131 | 1,308 | 1,326 | 1,340 | 1,789 | 1,429 | 711 | 662 | |
| Total Assets | 2,966 | 3,499 | 4,391 | 5,858 | 6,332 | 7,642 | 7,823 | 8,528 | 9,972 | 10,896 |
| Total Debt | 1,292 | 1,564 | 2,083 | 2,401 | 2,098 | 2,844 | 2,568 | 2,874 | 3,564 | 3,790 |
| Net Working Capital | 111 | -3 | 99 | 645 | 88 | -33 | 533 | -324 | -103 | -572 |
| Contingent Liabilities | 123 | 139 | 160 | 188 | 364 | 319 | 590 | 461 | 512 | 320 |
| Book Value per Share | 136.43 | 165.85 | 194.08 | 303.49 | 170.93 | 201.01 | 124.58 | 135.73 | 145.86 | 154.38 |
| Face Value | 5.00 | 5.00 | 5.00 | 5.00 | 5.00 | 5.00 | 5.00 | 5.00 | 5.00 | 5.00 |
| Total Debt | 1,292 | 1,564 | 2,083 | 2,401 | 2,098 | 2,844 | 2,568 | 2,874 | 3,564 | 3,790 |
| Net Working Capital | 111 | -3 | 99 | 645 | 88 | -33 | 533 | -324 | -103 | -572 |
| Contingent Liabilities | 123 | 139 | 160 | 188 | 364 | 319 | 590 | 461 | 512 | 320 |
| Book Value per Share | 136.43 | 165.85 | 194.08 | 303.49 | 170.93 | 201.01 | 124.58 | 135.73 | 145.86 | 154.38 |
| Face Value | 5.00 | 5.00 | 5.00 | 5.00 | 5.00 | 5.00 | 5.00 | 5.00 | 5.00 | 5.00 |
Mar 2016
- Equity Capital
- 42
- 1,096
- 765
- Trade Payables
- 305
- 759
- Total Liabilities
- 2,966
- 1,246
- Capital Work in Progress
- 313
- 41
- 495
- 0
- Cash & Bank
- 29
- 842
- Total Assets
- 2,966
- Total Debt
- 1,292
- Net Working Capital
- 111
- Contingent Liabilities
- 123
- Book Value per Share
- 136.43
- Face Value
- 5.00
- Total Debt
- 1,292
- Net Working Capital
- 111
- Contingent Liabilities
- 123
- Book Value per Share
- 136.43
- Face Value
- 5.00
Mar 2017
- Equity Capital
- 41
- 1,321
- 967
- Trade Payables
- 300
- 869
- Total Liabilities
- 3,499
- 1,697
- Capital Work in Progress
- 270
- 47
- 571
- 0
- Cash & Bank
- 28
- 886
- Total Assets
- 3,499
- Total Debt
- 1,564
- Net Working Capital
- -3
- Contingent Liabilities
- 139
- Book Value per Share
- 165.85
- Face Value
- 5.00
- Total Debt
- 1,564
- Net Working Capital
- -3
- Contingent Liabilities
- 139
- Book Value per Share
- 165.85
- Face Value
- 5.00
Mar 2018
- Equity Capital
- 41
- 1,538
- 1,175
- Trade Payables
- 357
- 1,281
- Total Liabilities
- 4,391
- 1,998
- Capital Work in Progress
- 436
- 47
- 747
- 0
- Cash & Bank
- 32
- 1,131
- Total Assets
- 4,391
- Total Debt
- 2,083
- Net Working Capital
- 99
- Contingent Liabilities
- 160
- Book Value per Share
- 194.08
- Face Value
- 5.00
- Total Debt
- 2,083
- Net Working Capital
- 99
- Contingent Liabilities
- 160
- Book Value per Share
- 194.08
- Face Value
- 5.00
Mar 2019
- Equity Capital
- 43
- 2,587
- 1,586
- Trade Payables
- 279
- 1,362
- Total Liabilities
- 5,858
- 2,147
- Capital Work in Progress
- 795
- 33
- 772
- 0
- Cash & Bank
- 804
- 1,308
- Total Assets
- 5,858
- Total Debt
- 2,401
- Net Working Capital
- 645
- Contingent Liabilities
- 188
- Book Value per Share
- 303.49
- Face Value
- 5.00
- Total Debt
- 2,401
- Net Working Capital
- 645
- Contingent Liabilities
- 188
- Book Value per Share
- 303.49
- Face Value
- 5.00
Mar 2020
- Equity Capital
- 87
- 2,892
- 1,517
- Trade Payables
- 345
- 1,491
- Total Liabilities
- 6,332
- 2,468
- Capital Work in Progress
- 1,418
- 37
- 836
- 0
- Cash & Bank
- 247
- 1,326
- Total Assets
- 6,332
- Total Debt
- 2,098
- Net Working Capital
- 88
- Contingent Liabilities
- 364
- Book Value per Share
- 170.93
- Face Value
- 5.00
- Total Debt
- 2,098
- Net Working Capital
- 88
- Contingent Liabilities
- 364
- Book Value per Share
- 170.93
- Face Value
- 5.00
Mar 2021
- Equity Capital
- 87
- 3,416
- 1,576
- Trade Payables
- 576
- 1,987
- Total Liabilities
- 7,642
- 3,593
- Capital Work in Progress
- 1,298
- 64
- 936
- 0
- Cash & Bank
- 412
- 1,340
- Total Assets
- 7,642
- Total Debt
- 2,844
- Net Working Capital
- -33
- Contingent Liabilities
- 319
- Book Value per Share
- 201.01
- Face Value
- 5.00
- Total Debt
- 2,844
- Net Working Capital
- -33
- Contingent Liabilities
- 319
- Book Value per Share
- 201.01
- Face Value
- 5.00
Mar 2022
- Equity Capital
- 181
- 4,335
- 1,638
- Trade Payables
- 345
- 1,324
- Total Liabilities
- 7,823
- 3,595
- Capital Work in Progress
- 1,303
- 28
- 934
- 0
- Cash & Bank
- 174
- 1,789
- Total Assets
- 7,823
- Total Debt
- 2,568
- Net Working Capital
- 533
- Contingent Liabilities
- 590
- Book Value per Share
- 124.58
- Face Value
- 5.00
- Total Debt
- 2,568
- Net Working Capital
- 533
- Contingent Liabilities
- 590
- Book Value per Share
- 124.58
- Face Value
- 5.00
Mar 2023
- Equity Capital
- 181
- 4,739
- 2,239
- Trade Payables
- 216
- 1,153
- Total Liabilities
- 8,528
- 4,861
- Capital Work in Progress
- 989
- 17
- 1,031
- 0
- Cash & Bank
- 201
- 1,429
- Total Assets
- 8,528
- Total Debt
- 2,874
- Net Working Capital
- -324
- Contingent Liabilities
- 461
- Book Value per Share
- 135.73
- Face Value
- 5.00
- Total Debt
- 2,874
- Net Working Capital
- -324
- Contingent Liabilities
- 461
- Book Value per Share
- 135.73
- Face Value
- 5.00
Mar 2024
- Equity Capital
- 181
- 5,106
- 1,571
- Trade Payables
- 725
- 2,388
- Total Liabilities
- 9,972
- 5,649
- Capital Work in Progress
- 1,059
- 23
- 1,160
- 854
- Cash & Bank
- 516
- 711
- Total Assets
- 9,972
- Total Debt
- 3,564
- Net Working Capital
- -103
- Contingent Liabilities
- 512
- Book Value per Share
- 145.86
- Face Value
- 5.00
- Total Debt
- 3,564
- Net Working Capital
- -103
- Contingent Liabilities
- 512
- Book Value per Share
- 145.86
- Face Value
- 5.00
Mar 2025
- Equity Capital
- 181
- 5,415
- 1,682
- Trade Payables
- 1,237
- 2,380
- Total Liabilities
- 10,896
- 6,377
- Capital Work in Progress
- 1,274
- 48
- 1,454
- 786
- Cash & Bank
- 295
- 662
- Total Assets
- 10,896
- Total Debt
- 3,790
- Net Working Capital
- -572
- Contingent Liabilities
- 320
- Book Value per Share
- 154.38
- Face Value
- 5.00
- Total Debt
- 3,790
- Net Working Capital
- -572
- Contingent Liabilities
- 320
- Book Value per Share
- 154.38
- Face Value
- 5.00
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 574 | 470 | 335 | 736 | 1,102 | 873 | 519 | 1,319 | 1,210 | 1,242 | |
| Cash from Investing | -452 | -529 | -610 | -797 | -1,124 | -1,322 | -1,169 | -1,330 | -1,369 | -1,398 |
| Cash from Financing | -128 | 58 | 279 | 833 | -535 | 614 | 412 | 38 | 420 | -73 |
| -7 | -0 | 4 | 772 | -557 | 165 | -239 | 27 | 261 | -229 | |
| Free Cash Flow | 57 | -60 | -278 | 117 | 4 | -326 | 519 | 332 | 155 | -110 |
| OCF / Net Profit | 2.14 | 1.44 | 0.97 | 1.46 | 2.02 | 1.63 | 0.44 | 2.42 | 2.90 | 3.75 |
| Cumulative 5-Year FCF | 0 | 0 | 0 | 0 | -160 | -543 | 35 | 645 | 683 | 569 |
| OCF / Net Profit | 2.14 | 1.44 | 0.97 | 1.46 | 2.02 | 1.63 | 0.44 | 2.42 | 2.90 | 3.75 |
| Cumulative 5-Year FCF | 0 | 0 | 0 | 0 | -160 | -543 | 35 | 645 | 683 | 569 |
Mar 2016
- 574
- Cash from Investing
- -452
- Cash from Financing
- -128
- -7
- Free Cash Flow
- 57
- OCF / Net Profit
- 2.14
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 2.14
- Cumulative 5-Year FCF
- 0
Mar 2017
- 470
- Cash from Investing
- -529
- Cash from Financing
- 58
- -0
- Free Cash Flow
- -60
- OCF / Net Profit
- 1.44
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 1.44
- Cumulative 5-Year FCF
- 0
Mar 2018
- 335
- Cash from Investing
- -610
- Cash from Financing
- 279
- 4
- Free Cash Flow
- -278
- OCF / Net Profit
- 0.97
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 0.97
- Cumulative 5-Year FCF
- 0
Mar 2019
- 736
- Cash from Investing
- -797
- Cash from Financing
- 833
- 772
- Free Cash Flow
- 117
- OCF / Net Profit
- 1.46
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 1.46
- Cumulative 5-Year FCF
- 0
Mar 2020
- 1,102
- Cash from Investing
- -1,124
- Cash from Financing
- -535
- -557
- Free Cash Flow
- 4
- OCF / Net Profit
- 2.02
- Cumulative 5-Year FCF
- -160
- OCF / Net Profit
- 2.02
- Cumulative 5-Year FCF
- -160
Mar 2021
- 873
- Cash from Investing
- -1,322
- Cash from Financing
- 614
- 165
- Free Cash Flow
- -326
- OCF / Net Profit
- 1.63
- Cumulative 5-Year FCF
- -543
- OCF / Net Profit
- 1.63
- Cumulative 5-Year FCF
- -543
Mar 2022
- 519
- Cash from Investing
- -1,169
- Cash from Financing
- 412
- -239
- Free Cash Flow
- 519
- OCF / Net Profit
- 0.44
- Cumulative 5-Year FCF
- 35
- OCF / Net Profit
- 0.44
- Cumulative 5-Year FCF
- 35
Mar 2023
- 1,319
- Cash from Investing
- -1,330
- Cash from Financing
- 38
- 27
- Free Cash Flow
- 332
- OCF / Net Profit
- 2.42
- Cumulative 5-Year FCF
- 645
- OCF / Net Profit
- 2.42
- Cumulative 5-Year FCF
- 645
Mar 2024
- 1,210
- Cash from Investing
- -1,369
- Cash from Financing
- 420
- 261
- Free Cash Flow
- 155
- OCF / Net Profit
- 2.90
- Cumulative 5-Year FCF
- 683
- OCF / Net Profit
- 2.90
- Cumulative 5-Year FCF
- 683
Mar 2025
- 1,242
- Cash from Investing
- -1,398
- Cash from Financing
- -73
- -229
- Free Cash Flow
- -110
- OCF / Net Profit
- 3.75
- Cumulative 5-Year FCF
- 569
- OCF / Net Profit
- 3.75
- Cumulative 5-Year FCF
- 569
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| PER SHARE | - | - | - | - | - | - | - | - | - | - |
| EPS (₹) | 30.83 | 38.45 | 40.95 | 56.74 | 30.77 | 30.04 | 32.71 | 15.04 | 11.49 | 9.13 |
| Book Value (₹) | 136.43 | 165.85 | 194.08 | 303.49 | 170.93 | 201.01 | 124.58 | 135.73 | 145.86 | 154.38 |
| Dividend per Share (₹) | 8.50 | 1.00 | 1.00 | 11.00 | 3.50 | 3.00 | 3.50 | 2.50 | 1.00 | 1.00 |
| Cash EPS (₹) | 11.00 | 13.70 | 15.14 | 19.24 | 21.00 | 22.00 | 39.51 | 23.60 | 21.92 | 21.11 |
| PROFITABILITY | - | - | - | - | - | - | - | - | - | - |
| Operating Margin % | 19.23% | 20.72% | 18.57% | 20.55% | 21.34% | 19.55% | 25.05% | 14.91% | 13.84% | 12.34% |
| Net Margin % | 8.92% | 10.35% | 9.09% | 10.71% | 11.83% | 10.65% | 17.26% | 7.46% | 5.92% | 4.10% |
| ROE % | 24.91% | 26.22% | 23.55% | 23.96% | 19.50% | 16.52% | 29.58% | 11.56% | 8.16% | 6.08% |
| ROCE % | 20.65% | 19.91% | 17.02% | 18.51% | 15.85% | 13.15% | 21.96% | 10.48% | 7.29% | 6.39% |
| 9.08% | 10.13% | 8.77% | 9.84% | 8.97% | 7.66% | 15.34% | 6.67% | 4.50% | 3.17% | |
| EFFICIENCY | - | - | - | - | - | - | - | - | - | - |
| Debtor Days | 58 | 60 | 57 | 55 | 60 | 56 | 50 | 51 | 47 | 37 |
| Inventory Days | 64 | 62 | 63 | 59 | 63 | 64 | 50 | 49 | 57 | 59 |
| Payable Days | 64 | 72 | 63 | 63 | 65 | 93 | 70 | 31 | 49 | 85 |
| 58 | 50 | 57 | 52 | 59 | 27 | 29 | 68 | 54 | 11 | |
| FINANCIAL HEALTH | - | - | - | - | - | - | - | - | - | - |
| Debt to Equity (x) | 1.14x | 1.15x | 1.32x | 0.91x | 0.70x | 0.81x | 0.57x | 0.58x | 0.67x | 0.68x |
| Interest Coverage (x) | 4.10x | 4.54x | 4.26x | 4.41x | 6.42x | 8.69x | 14.41x | 4.63x | 2.87x | 2.12x |
| 1.10x | 1.00x | 1.06x | 1.33x | 1.05x | 0.99x | 1.25x | 0.88x | 0.97x | 0.84x | |
| GROWTH | - | - | - | - | - | - | - | - | - | - |
| Revenue Growth % | 3.39% | 5.22% | 20.31% | 9.50% | 0.45% | 7.64% | 35.05% | 8.76% | -3.74% | 14.14% |
| Operating Profit Growth % | 22.70% | 13.36% | 7.85% | 36.82% | 1.96% | -0.40% | 75.20% | -36.67% | -9.62% | 3.00% |
| Net Profit Growth % | 38.40% | 22.17% | 5.68% | 45.66% | 8.45% | -2.11% | 121.57% | -54.02% | -23.62% | -20.55% |
| 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | -23.62% | -20.56% | |
| VALUATION | - | - | - | - | - | - | - | - | - | - |
| P/E (x) | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 58.00x | 42.79x |
| P/B (x) | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 4.57x | 2.53x |
| Dividend Yield % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.15% | 0.26% |
| 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 27.62x | 17.40x |
Mar 2016
- EPS (₹)
- 30.83
- Book Value (₹)
- 136.43
- Dividend per Share (₹)
- 8.50
- Cash EPS (₹)
- 11.00
- Operating Margin %
- 19.23%
- Net Margin %
- 8.92%
- ROE %
- 24.91%
- ROCE %
- 20.65%
- 9.08%
- Debtor Days
- 58
- Inventory Days
- 64
- Payable Days
- 64
- 58
- Debt to Equity (x)
- 1.14x
- Interest Coverage (x)
- 4.10x
- 1.10x
- Revenue Growth %
- 3.39%
- Operating Profit Growth %
- 22.70%
- Net Profit Growth %
- 38.40%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2017
- EPS (₹)
- 38.45
- Book Value (₹)
- 165.85
- Dividend per Share (₹)
- 1.00
- Cash EPS (₹)
- 13.70
- Operating Margin %
- 20.72%
- Net Margin %
- 10.35%
- ROE %
- 26.22%
- ROCE %
- 19.91%
- 10.13%
- Debtor Days
- 60
- Inventory Days
- 62
- Payable Days
- 72
- 50
- Debt to Equity (x)
- 1.15x
- Interest Coverage (x)
- 4.54x
- 1.00x
- Revenue Growth %
- 5.22%
- Operating Profit Growth %
- 13.36%
- Net Profit Growth %
- 22.17%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2018
- EPS (₹)
- 40.95
- Book Value (₹)
- 194.08
- Dividend per Share (₹)
- 1.00
- Cash EPS (₹)
- 15.14
- Operating Margin %
- 18.57%
- Net Margin %
- 9.09%
- ROE %
- 23.55%
- ROCE %
- 17.02%
- 8.77%
- Debtor Days
- 57
- Inventory Days
- 63
- Payable Days
- 63
- 57
- Debt to Equity (x)
- 1.32x
- Interest Coverage (x)
- 4.26x
- 1.06x
- Revenue Growth %
- 20.31%
- Operating Profit Growth %
- 7.85%
- Net Profit Growth %
- 5.68%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2019
- EPS (₹)
- 56.74
- Book Value (₹)
- 303.49
- Dividend per Share (₹)
- 11.00
- Cash EPS (₹)
- 19.24
- Operating Margin %
- 20.55%
- Net Margin %
- 10.71%
- ROE %
- 23.96%
- ROCE %
- 18.51%
- 9.84%
- Debtor Days
- 55
- Inventory Days
- 59
- Payable Days
- 63
- 52
- Debt to Equity (x)
- 0.91x
- Interest Coverage (x)
- 4.41x
- 1.33x
- Revenue Growth %
- 9.50%
- Operating Profit Growth %
- 36.82%
- Net Profit Growth %
- 45.66%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2020
- EPS (₹)
- 30.77
- Book Value (₹)
- 170.93
- Dividend per Share (₹)
- 3.50
- Cash EPS (₹)
- 21.00
- Operating Margin %
- 21.34%
- Net Margin %
- 11.83%
- ROE %
- 19.50%
- ROCE %
- 15.85%
- 8.97%
- Debtor Days
- 60
- Inventory Days
- 63
- Payable Days
- 65
- 59
- Debt to Equity (x)
- 0.70x
- Interest Coverage (x)
- 6.42x
- 1.05x
- Revenue Growth %
- 0.45%
- Operating Profit Growth %
- 1.96%
- Net Profit Growth %
- 8.45%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2021
- EPS (₹)
- 30.04
- Book Value (₹)
- 201.01
- Dividend per Share (₹)
- 3.00
- Cash EPS (₹)
- 22.00
- Operating Margin %
- 19.55%
- Net Margin %
- 10.65%
- ROE %
- 16.52%
- ROCE %
- 13.15%
- 7.66%
- Debtor Days
- 56
- Inventory Days
- 64
- Payable Days
- 93
- 27
- Debt to Equity (x)
- 0.81x
- Interest Coverage (x)
- 8.69x
- 0.99x
- Revenue Growth %
- 7.64%
- Operating Profit Growth %
- -0.40%
- Net Profit Growth %
- -2.11%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2022
- EPS (₹)
- 32.71
- Book Value (₹)
- 124.58
- Dividend per Share (₹)
- 3.50
- Cash EPS (₹)
- 39.51
- Operating Margin %
- 25.05%
- Net Margin %
- 17.26%
- ROE %
- 29.58%
- ROCE %
- 21.96%
- 15.34%
- Debtor Days
- 50
- Inventory Days
- 50
- Payable Days
- 70
- 29
- Debt to Equity (x)
- 0.57x
- Interest Coverage (x)
- 14.41x
- 1.25x
- Revenue Growth %
- 35.05%
- Operating Profit Growth %
- 75.20%
- Net Profit Growth %
- 121.57%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2023
- EPS (₹)
- 15.04
- Book Value (₹)
- 135.73
- Dividend per Share (₹)
- 2.50
- Cash EPS (₹)
- 23.60
- Operating Margin %
- 14.91%
- Net Margin %
- 7.46%
- ROE %
- 11.56%
- ROCE %
- 10.48%
- 6.67%
- Debtor Days
- 51
- Inventory Days
- 49
- Payable Days
- 31
- 68
- Debt to Equity (x)
- 0.58x
- Interest Coverage (x)
- 4.63x
- 0.88x
- Revenue Growth %
- 8.76%
- Operating Profit Growth %
- -36.67%
- Net Profit Growth %
- -54.02%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2024
- EPS (₹)
- 11.49
- Book Value (₹)
- 145.86
- Dividend per Share (₹)
- 1.00
- Cash EPS (₹)
- 21.92
- Operating Margin %
- 13.84%
- Net Margin %
- 5.92%
- ROE %
- 8.16%
- ROCE %
- 7.29%
- 4.50%
- Debtor Days
- 47
- Inventory Days
- 57
- Payable Days
- 49
- 54
- Debt to Equity (x)
- 0.67x
- Interest Coverage (x)
- 2.87x
- 0.97x
- Revenue Growth %
- -3.74%
- Operating Profit Growth %
- -9.62%
- Net Profit Growth %
- -23.62%
- -23.62%
- P/E (x)
- 58.00x
- P/B (x)
- 4.57x
- Dividend Yield %
- 0.15%
- 27.62x
Mar 2025
- EPS (₹)
- 9.13
- Book Value (₹)
- 154.38
- Dividend per Share (₹)
- 1.00
- Cash EPS (₹)
- 21.11
- Operating Margin %
- 12.34%
- Net Margin %
- 4.10%
- ROE %
- 6.08%
- ROCE %
- 6.39%
- 3.17%
- Debtor Days
- 37
- Inventory Days
- 59
- Payable Days
- 85
- 11
- Debt to Equity (x)
- 0.68x
- Interest Coverage (x)
- 2.12x
- 0.84x
- Revenue Growth %
- 14.14%
- Operating Profit Growth %
- 3.00%
- Net Profit Growth %
- -20.55%
- -20.56%
- P/E (x)
- 42.79x
- P/B (x)
- 2.53x
- Dividend Yield %
- 0.26%
- 17.40x
Documents
Announcements
- Copy of Newspaper Publication
2026-08-20 - Aarti Industries Limited has informed the Exchange about Copy of Newspaper Publication
- 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.
Annual Reports
Nothing filed yet.
Credit Ratings
Nothing filed yet.
Concalls
Aug 2026
May 2026
Feb 2026