Aarti Industries Ltd.
•₹ 527.21.37%
2026-08-21
PROS
- Latest quarter profit grew 227.3% YoY, showing strong momentum
- Strong cash generation - operating cash flow backs reported profits (CFO/PAT 2.86x)
- Working capital cycle has improved - days down from -5 to -25
- 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 8.7% over last 3 years
- Effective tax rate is unusually low at -7.5% - earnings may be flattered
- Free cash flow has been persistently negative
- Company has delivered a poor profit growth of -8.3% over past five years
- Operating margins have contracted to 12.4% from 25.1%
* 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 | 19650.00 | 89.29 | 177812.96 | 0.06 | 666.37 | 88.98 | 3668.20 | 70.26 | 38.16 | 27.91 |
| 2. | PIDILITIND | 1662.05 | 63.86 | 169161.84 | 1.29 | 8835.10 | 1202.86 | 45515.50 | 1112.74 | 32.38 | 26.28 |
| 3. | SRF | 2570.50 | 35.25 | 76196.00 | 0.35 | 758.87 | 75.53 | 5033.26 | 34.63 | 14.21 | 24.57 |
| 4. | FLUOROCHEM | 4678.85 | 83.57 | 51397.17 | 0.06 | 219.00 | 19.02 | 1588.00 | 23.97 | 10.02 | 26.83 |
| 5. | NAVINFLUOR | 8250.30 | 53.60 | 42324.05 | 0.18 | 243.31 | 107.67 | 1045.08 | 44.07 | 21.39 | 34.17 |
| 6. | GODREJIND | 1226.50 | 35.14 | 41314.78 | 0.00 | 523.36 | -27.85 | 5448.09 | 22.16 | 10.64 | 12.82 |
| 7. | DEEPAKNTR | 1749.95 | 30.47 | 23868.10 | 0.43 | 345.01 | 207.36 | 2577.60 | 36.39 | 11.58 | 20.96 |
| 8. | AETHER | 1634.55 | 92.24 | 21695.03 | 0.00 | 62.75 | 33.45 | 326.56 | 27.49 | 11.65 | 31.47 |
| 9. | ATUL | 6520.15 | 24.13 | 19196.47 | 0.46 | 253.93 | 91.85 | 1847.95 | 25.03 | 15.05 | 21.41 |
| 10. | AARTIIND | 521.50 | 35.62 | 18916.20 | 0.19 | 155.00 | 260.47 | 2387.00 | 42.42 | 6.39 | 16.00 |
| 11. | DEEPAKFERT | 1458.05 | 18.77 | 18468.08 | 0.69 | 490.04 | 100.95 | 3256.26 | 22.47 | 12.12 | 25.96 |
| 12. | BASF | 3857.15 | 25.97 | 16695.92 | 0.65 | 360.29 | 162.22 | 4824.26 | 24.57 | 15.23 | 10.46 |
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1,404 | 1,450 | 1,724 | 1,769 | 1,845 | 1,717 | 1,749 | 1,992 | 1,636 | 2,085 | 2,276 | 2,439 | 2,241 | |
| 1,202 | 1,217 | 1,465 | 1,486 | 1,538 | 1,517 | 1,519 | 1,726 | 1,426 | 1,801 | 1,958 | 2,096 | 2,081 | |
| Operating Profit | — | — | — | — | — | — | — | — | — | — | — | — | — |
| OPM % | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Other Income | 0 | 0 | 8 | 0 | 5 | 7 | 6 | 3 | 5 | 1 | 2 | 6 | 3 |
| Interest | 40 | 58 | 54 | 59 | 64 | 62 | 85 | 64 | 59 | 99 | 68 | 112 | 82 |
| Depreciation | 89 | 93 | 97 | 98 | 102 | 108 | 110 | 113 | 114 | 120 | 121 | 118 | 124 |
| 73 | 82 | 116 | 126 | 146 | 37 | 41 | 92 | 42 | 88 | 116 | 119 | 163 | |
| Tax % | 2.74% | -10.98% | -6.90% | -4.76% | 5.48% | -48.65% | -14.63% | -7.61% | -4.76% | -14.77% | -12.93% | -23.53% | 11.66% |
| Net Profit | 71 | 91 | 124 | 132 | 138 | 55 | 47 | 99 | 44 | 101 | 131 | 147 | 144 |
| 2 | 3 | 3 | 4 | 4 | 2 | 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
- 1,404
- 1,202
- Operating Profit
- —
- OPM %
- —
- Other Income
- 0
- Interest
- 40
- Depreciation
- 89
- 73
- Tax %
- 2.74%
- Net Profit
- 71
- 2
- Equity Capital
- 181
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 181
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Sep 2023
- 1,450
- 1,217
- Operating Profit
- —
- OPM %
- —
- Other Income
- 0
- Interest
- 58
- Depreciation
- 93
- 82
- Tax %
- -10.98%
- Net Profit
- 91
- 3
- Equity Capital
- 181
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 181
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Dec 2023
- 1,724
- 1,465
- Operating Profit
- —
- OPM %
- —
- Other Income
- 8
- Interest
- 54
- Depreciation
- 97
- 116
- Tax %
- -6.90%
- Net Profit
- 124
- 3
- Equity Capital
- 181
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 181
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Mar 2024
- 1,769
- 1,486
- Operating Profit
- —
- OPM %
- —
- Other Income
- 0
- Interest
- 59
- Depreciation
- 98
- 126
- Tax %
- -4.76%
- Net Profit
- 132
- 4
- Equity Capital
- 181
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 181
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Jun 2024
- 1,845
- 1,538
- Operating Profit
- —
- OPM %
- —
- Other Income
- 5
- Interest
- 64
- Depreciation
- 102
- 146
- Tax %
- 5.48%
- Net Profit
- 138
- 4
- Equity Capital
- 181
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 181
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Sep 2024
- 1,717
- 1,517
- Operating Profit
- —
- OPM %
- —
- Other Income
- 7
- Interest
- 62
- Depreciation
- 108
- 37
- Tax %
- -48.65%
- Net Profit
- 55
- 2
- Equity Capital
- 181
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 181
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Dec 2024
- 1,749
- 1,519
- Operating Profit
- —
- OPM %
- —
- Other Income
- 6
- Interest
- 85
- Depreciation
- 110
- 41
- Tax %
- -14.63%
- Net Profit
- 47
- 1
- Equity Capital
- 181
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 181
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Mar 2025
- 1,992
- 1,726
- Operating Profit
- —
- OPM %
- —
- Other Income
- 3
- Interest
- 64
- Depreciation
- 113
- 92
- Tax %
- -7.61%
- Net Profit
- 99
- 3
- Equity Capital
- 181
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 181
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Jun 2025
- 1,636
- 1,426
- Operating Profit
- —
- OPM %
- —
- Other Income
- 5
- Interest
- 59
- Depreciation
- 114
- 42
- Tax %
- -4.76%
- Net Profit
- 44
- 1
- Equity Capital
- 181
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 181
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Sep 2025
- 2,085
- 1,801
- Operating Profit
- —
- OPM %
- —
- Other Income
- 1
- Interest
- 99
- Depreciation
- 120
- 88
- Tax %
- -14.77%
- Net Profit
- 101
- 3
- Equity Capital
- 181
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 181
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Dec 2025
- 2,276
- 1,958
- Operating Profit
- —
- OPM %
- —
- Other Income
- 2
- Interest
- 68
- Depreciation
- 121
- 116
- Tax %
- -12.93%
- Net Profit
- 131
- 4
- Equity Capital
- 181
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 181
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Mar 2026
- 2,439
- 2,096
- Operating Profit
- —
- OPM %
- —
- Other Income
- 6
- Interest
- 112
- Depreciation
- 118
- 119
- Tax %
- -23.53%
- Net Profit
- 147
- 4
- Equity Capital
- 181
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 181
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Jun 2026
- 2,241
- 2,081
- Operating Profit
- —
- OPM %
- —
- Other Income
- 3
- Interest
- 82
- Depreciation
- 124
- 163
- Tax %
- 11.66%
- Net Profit
- 144
- 0
- Equity Capital
- 181
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 181
- Reserves
- 0
- Promoter Pledge %
- 0.00%
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 2,934 | 3,050 | 3,699 | 4,025 | 3,994 | 4,317 | 6,040 | 6,565 | 6,346 | 7,304 | 9,041 | |
| 2,403 | 2,442 | 3,043 | 3,108 | 3,065 | 3,382 | 4,329 | 5,477 | 5,372 | 6,299 | 7,936 | |
| Operating Profit | 540 | 611 | 659 | 921 | 940 | 936 | 1,712 | 1,089 | 984 | 1,025 | — |
| OPM % | 18 | 20 | 18 | 23 | 24 | 22 | 28 | 17 | 16 | 14 | — |
| Other Income | 10 | 3 | 2 | 5 | 11 | 2 | 1 | 0 | 11 | 19 | 12 |
| Interest | 116 | 117 | 131 | 179 | 122 | 86 | 102 | 166 | 211 | 275 | 361 |
| Depreciation | 93 | 115 | 136 | 151 | 173 | 218 | 244 | 310 | 377 | 433 | 483 |
| 331 | 379 | 392 | 591 | 646 | 632 | 1,366 | 613 | 396 | 316 | 486 | |
| Tax % | 24 | 19 | 19 | 19 | 19 | 19 | 13 | 11 | -5 | -7 | -8 |
| Net Profit | 252 | 307 | 316 | 481 | 523 | 514 | 1,182 | 546 | 417 | 340 | 523 |
| EPS | 30 | 37 | 39 | 59 | 30 | 15 | 33 | 15 | 12 | 9 | — |
| Dividend Payout % | 28 | 3 | 3 | 20 | 12 | 10 | 11 | 17 | 9 | 11 | — |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share of Associates | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Adjusted EPS | 8 | 9 | 10 | 14 | 15 | 15 | 33 | 15 | 12 | 9 | — |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share of Associates | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Adjusted EPS | 8 | 9 | 10 | 14 | 15 | 15 | 33 | 15 | 12 | 9 | — |
Mar 2016
- 2,934
- 2,403
- Operating Profit
- 540
- OPM %
- 18
- Other Income
- 10
- Interest
- 116
- Depreciation
- 93
- 331
- Tax %
- 24
- Net Profit
- 252
- EPS
- 30
- Dividend Payout %
- 28
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 8
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 8
Mar 2017
- 3,050
- 2,442
- Operating Profit
- 611
- OPM %
- 20
- Other Income
- 3
- Interest
- 117
- Depreciation
- 115
- 379
- Tax %
- 19
- Net Profit
- 307
- EPS
- 37
- Dividend Payout %
- 3
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 9
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 9
Mar 2018
- 3,699
- 3,043
- Operating Profit
- 659
- OPM %
- 18
- Other Income
- 2
- Interest
- 131
- Depreciation
- 136
- 392
- Tax %
- 19
- Net Profit
- 316
- EPS
- 39
- Dividend Payout %
- 3
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 10
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 10
Mar 2019
- 4,025
- 3,108
- Operating Profit
- 921
- OPM %
- 23
- Other Income
- 5
- Interest
- 179
- Depreciation
- 151
- 591
- Tax %
- 19
- Net Profit
- 481
- EPS
- 59
- Dividend Payout %
- 20
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 14
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 14
Mar 2020
- 3,994
- 3,065
- Operating Profit
- 940
- OPM %
- 24
- Other Income
- 11
- Interest
- 122
- Depreciation
- 173
- 646
- Tax %
- 19
- Net Profit
- 523
- EPS
- 30
- Dividend Payout %
- 12
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 15
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 15
Mar 2021
- 4,317
- 3,382
- Operating Profit
- 936
- OPM %
- 22
- Other Income
- 2
- Interest
- 86
- Depreciation
- 218
- 632
- Tax %
- 19
- Net Profit
- 514
- EPS
- 15
- Dividend Payout %
- 10
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 15
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 15
Mar 2022
- 6,040
- 4,329
- Operating Profit
- 1,712
- OPM %
- 28
- Other Income
- 1
- Interest
- 102
- Depreciation
- 244
- 1,366
- Tax %
- 13
- Net Profit
- 1,182
- 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
- 6,565
- 5,477
- Operating Profit
- 1,089
- OPM %
- 17
- Other Income
- 0
- Interest
- 166
- Depreciation
- 310
- 613
- Tax %
- 11
- Net Profit
- 546
- 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
- 6,346
- 5,372
- Operating Profit
- 984
- OPM %
- 16
- Other Income
- 11
- Interest
- 211
- Depreciation
- 377
- 396
- Tax %
- -5
- Net Profit
- 417
- EPS
- 12
- Dividend Payout %
- 9
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 12
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 12
Mar 2025
- 7,304
- 6,299
- Operating Profit
- 1,025
- OPM %
- 14
- Other Income
- 19
- Interest
- 275
- Depreciation
- 433
- 316
- Tax %
- -7
- Net Profit
- 340
- 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
- 9,041
- 7,936
- Operating Profit
- —
- OPM %
- —
- Other Income
- 12
- Interest
- 361
- Depreciation
- 483
- 486
- Tax %
- -8
- Net Profit
- 523
- 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:
- 13%
- 3 Years:
- 7%
COMPOUNDED PROFIT GROWTH
- 10 Years:
- 6%
- 5 Years:
- -8%
- 3 Years:
- -34%
STOCK PRICE CAGR
- 10 Years:
- 14%
- 5 Years:
- -11%
- 3 Years:
- 5%
- 1 Year:
- 38%
RETURN ON EQUITY
- 10 Years:
- 19%
- 5 Years:
- 14%
- 3 Years:
- 9%
- Last Year:
- 6%
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 | |
|---|---|---|---|---|---|---|---|---|---|---|
| LIABILITIES | - | - | - | - | - | - | - | - | - | - |
| Equity Capital | 42 | 41 | 41 | 43 | 87 | 87 | 181 | 181 | 181 | 181 |
| 1,052 | 1,269 | 1,475 | 2,517 | 2,815 | 3,325 | 4,320 | 4,740 | 5,109 | 5,428 | |
| 750 | 950 | 1,149 | 1,558 | 1,495 | 1,570 | 1,632 | 2,239 | 1,570 | 1,680 | |
| Trade Payables | 299 | 295 | 347 | 265 | 324 | 584 | 344 | 227 | 752 | 1,230 |
| 694 | 786 | 1,171 | 1,244 | 1,368 | 1,948 | 1,324 | 1,150 | 2,387 | 2,378 | |
| Total Liabilities | 2,836 | 3,341 | 4,182 | 5,628 | 6,089 | 7,514 | 7,802 | 8,538 | 10,000 | 10,898 |
| ASSETS | - | - | - | - | - | - | - | - | - | - |
| 1,170 | 1,567 | 1,844 | 1,979 | 2,302 | 3,511 | 3,635 | 4,824 | 5,605 | 6,330 | |
| Capital Work in Progress | 307 | 267 | 431 | 795 | 1,418 | 1,298 | 1,260 | 989 | 1,059 | 1,276 |
| 56 | 62 | 56 | 33 | 37 | 36 | 3 | 12 | 19 | 90 | |
| 474 | 547 | 687 | 701 | 781 | 901 | 899 | 1,015 | 1,151 | 1,388 | |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 895 | 857 | |
| Cash & Bank | 24 | 22 | 24 | 797 | 233 | 406 | 167 | 194 | 512 | 293 |
| 806 | 878 | 1,139 | 1,322 | 1,318 | 1,361 | 1,837 | 1,503 | 759 | 665 | |
| Total Assets | 2,836 | 3,341 | 4,182 | 5,628 | 6,089 | 7,514 | 7,802 | 8,538 | 10,000 | 10,898 |
| Total Debt | 1,275 | 1,545 | 2,047 | 2,366 | 2,073 | 2,838 | 2,562 | 2,874 | 3,563 | 3,788 |
| Net Working Capital | 79 | -15 | 88 | 638 | 71 | -47 | 545 | -324 | -102 | -560 |
| Contingent Liabilities | 121 | 137 | 157 | 188 | 364 | 319 | 590 | 461 | 512 | 321 |
| Book Value per Share | 131.26 | 159.53 | 186.37 | 295.45 | 166.54 | 195.81 | 124.17 | 135.75 | 145.93 | 154.74 |
| Face Value | 5.00 | 5.00 | 5.00 | 5.00 | 5.00 | 5.00 | 5.00 | 5.00 | 5.00 | 5.00 |
| Total Debt | 1,275 | 1,545 | 2,047 | 2,366 | 2,073 | 2,838 | 2,562 | 2,874 | 3,563 | 3,788 |
| Net Working Capital | 79 | -15 | 88 | 638 | 71 | -47 | 545 | -324 | -102 | -560 |
| Contingent Liabilities | 121 | 137 | 157 | 188 | 364 | 319 | 590 | 461 | 512 | 321 |
| Book Value per Share | 131.26 | 159.53 | 186.37 | 295.45 | 166.54 | 195.81 | 124.17 | 135.75 | 145.93 | 154.74 |
| 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
- 1,052
- 750
- Trade Payables
- 299
- 694
- Total Liabilities
- 2,836
- 1,170
- Capital Work in Progress
- 307
- 56
- 474
- 0
- Cash & Bank
- 24
- 806
- Total Assets
- 2,836
- Total Debt
- 1,275
- Net Working Capital
- 79
- Contingent Liabilities
- 121
- Book Value per Share
- 131.26
- Face Value
- 5.00
- Total Debt
- 1,275
- Net Working Capital
- 79
- Contingent Liabilities
- 121
- Book Value per Share
- 131.26
- Face Value
- 5.00
Mar 2017
- Equity Capital
- 41
- 1,269
- 950
- Trade Payables
- 295
- 786
- Total Liabilities
- 3,341
- 1,567
- Capital Work in Progress
- 267
- 62
- 547
- 0
- Cash & Bank
- 22
- 878
- Total Assets
- 3,341
- Total Debt
- 1,545
- Net Working Capital
- -15
- Contingent Liabilities
- 137
- Book Value per Share
- 159.53
- Face Value
- 5.00
- Total Debt
- 1,545
- Net Working Capital
- -15
- Contingent Liabilities
- 137
- Book Value per Share
- 159.53
- Face Value
- 5.00
Mar 2018
- Equity Capital
- 41
- 1,475
- 1,149
- Trade Payables
- 347
- 1,171
- Total Liabilities
- 4,182
- 1,844
- Capital Work in Progress
- 431
- 56
- 687
- 0
- Cash & Bank
- 24
- 1,139
- Total Assets
- 4,182
- Total Debt
- 2,047
- Net Working Capital
- 88
- Contingent Liabilities
- 157
- Book Value per Share
- 186.37
- Face Value
- 5.00
- Total Debt
- 2,047
- Net Working Capital
- 88
- Contingent Liabilities
- 157
- Book Value per Share
- 186.37
- Face Value
- 5.00
Mar 2019
- Equity Capital
- 43
- 2,517
- 1,558
- Trade Payables
- 265
- 1,244
- Total Liabilities
- 5,628
- 1,979
- Capital Work in Progress
- 795
- 33
- 701
- 0
- Cash & Bank
- 797
- 1,322
- Total Assets
- 5,628
- Total Debt
- 2,366
- Net Working Capital
- 638
- Contingent Liabilities
- 188
- Book Value per Share
- 295.45
- Face Value
- 5.00
- Total Debt
- 2,366
- Net Working Capital
- 638
- Contingent Liabilities
- 188
- Book Value per Share
- 295.45
- Face Value
- 5.00
Mar 2020
- Equity Capital
- 87
- 2,815
- 1,495
- Trade Payables
- 324
- 1,368
- Total Liabilities
- 6,089
- 2,302
- Capital Work in Progress
- 1,418
- 37
- 781
- 0
- Cash & Bank
- 233
- 1,318
- Total Assets
- 6,089
- Total Debt
- 2,073
- Net Working Capital
- 71
- Contingent Liabilities
- 364
- Book Value per Share
- 166.54
- Face Value
- 5.00
- Total Debt
- 2,073
- Net Working Capital
- 71
- Contingent Liabilities
- 364
- Book Value per Share
- 166.54
- Face Value
- 5.00
Mar 2021
- Equity Capital
- 87
- 3,325
- 1,570
- Trade Payables
- 584
- 1,948
- Total Liabilities
- 7,514
- 3,511
- Capital Work in Progress
- 1,298
- 36
- 901
- 0
- Cash & Bank
- 406
- 1,361
- Total Assets
- 7,514
- Total Debt
- 2,838
- Net Working Capital
- -47
- Contingent Liabilities
- 319
- Book Value per Share
- 195.81
- Face Value
- 5.00
- Total Debt
- 2,838
- Net Working Capital
- -47
- Contingent Liabilities
- 319
- Book Value per Share
- 195.81
- Face Value
- 5.00
Mar 2022
- Equity Capital
- 181
- 4,320
- 1,632
- Trade Payables
- 344
- 1,324
- Total Liabilities
- 7,802
- 3,635
- Capital Work in Progress
- 1,260
- 3
- 899
- 0
- Cash & Bank
- 167
- 1,837
- Total Assets
- 7,802
- Total Debt
- 2,562
- Net Working Capital
- 545
- Contingent Liabilities
- 590
- Book Value per Share
- 124.17
- Face Value
- 5.00
- Total Debt
- 2,562
- Net Working Capital
- 545
- Contingent Liabilities
- 590
- Book Value per Share
- 124.17
- Face Value
- 5.00
Mar 2023
- Equity Capital
- 181
- 4,740
- 2,239
- Trade Payables
- 227
- 1,150
- Total Liabilities
- 8,538
- 4,824
- Capital Work in Progress
- 989
- 12
- 1,015
- 0
- Cash & Bank
- 194
- 1,503
- Total Assets
- 8,538
- Total Debt
- 2,874
- Net Working Capital
- -324
- Contingent Liabilities
- 461
- Book Value per Share
- 135.75
- Face Value
- 5.00
- Total Debt
- 2,874
- Net Working Capital
- -324
- Contingent Liabilities
- 461
- Book Value per Share
- 135.75
- Face Value
- 5.00
Mar 2024
- Equity Capital
- 181
- 5,109
- 1,570
- Trade Payables
- 752
- 2,387
- Total Liabilities
- 10,000
- 5,605
- Capital Work in Progress
- 1,059
- 19
- 1,151
- 895
- Cash & Bank
- 512
- 759
- Total Assets
- 10,000
- Total Debt
- 3,563
- Net Working Capital
- -102
- Contingent Liabilities
- 512
- Book Value per Share
- 145.93
- Face Value
- 5.00
- Total Debt
- 3,563
- Net Working Capital
- -102
- Contingent Liabilities
- 512
- Book Value per Share
- 145.93
- Face Value
- 5.00
Mar 2025
- Equity Capital
- 181
- 5,428
- 1,680
- Trade Payables
- 1,230
- 2,378
- Total Liabilities
- 10,898
- 6,330
- Capital Work in Progress
- 1,276
- 90
- 1,388
- 857
- Cash & Bank
- 293
- 665
- Total Assets
- 10,898
- Total Debt
- 3,788
- Net Working Capital
- -560
- Contingent Liabilities
- 321
- Book Value per Share
- 154.74
- Face Value
- 5.00
- Total Debt
- 3,788
- Net Working Capital
- -560
- Contingent Liabilities
- 321
- Book Value per Share
- 154.74
- Face Value
- 5.00
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 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 550 | 411 | 312 | 700 | 1,065 | 844 | 507 | 1,281 | 1,159 | 1,282 | |
| Cash from Investing | -429 | -470 | -574 | -768 | -1,109 | -1,307 | -1,162 | -1,301 | -1,317 | -1,435 |
| Cash from Financing | -128 | 57 | 264 | 839 | -520 | 635 | 417 | 46 | 421 | -74 |
| -7 | -3 | 2 | 771 | -564 | 173 | -239 | 27 | 263 | -227 | |
| Free Cash Flow | 105 | -61 | -265 | 88 | -22 | -464 | 507 | 328 | 111 | -69 |
| OCF / Net Profit | 2.18 | 1.34 | 0.99 | 1.46 | 2.03 | 1.64 | 0.43 | 2.35 | 2.78 | 3.77 |
| Cumulative 5-Year FCF | 0 | 0 | 0 | 0 | -155 | -723 | -156 | 437 | 459 | 413 |
| OCF / Net Profit | 2.18 | 1.34 | 0.99 | 1.46 | 2.03 | 1.64 | 0.43 | 2.35 | 2.78 | 3.77 |
| Cumulative 5-Year FCF | 0 | 0 | 0 | 0 | -155 | -723 | -156 | 437 | 459 | 413 |
Mar 2016
- 550
- Cash from Investing
- -429
- Cash from Financing
- -128
- -7
- Free Cash Flow
- 105
- OCF / Net Profit
- 2.18
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 2.18
- Cumulative 5-Year FCF
- 0
Mar 2017
- 411
- Cash from Investing
- -470
- Cash from Financing
- 57
- -3
- Free Cash Flow
- -61
- OCF / Net Profit
- 1.34
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 1.34
- Cumulative 5-Year FCF
- 0
Mar 2018
- 312
- Cash from Investing
- -574
- Cash from Financing
- 264
- 2
- Free Cash Flow
- -265
- OCF / Net Profit
- 0.99
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 0.99
- Cumulative 5-Year FCF
- 0
Mar 2019
- 700
- Cash from Investing
- -768
- Cash from Financing
- 839
- 771
- Free Cash Flow
- 88
- OCF / Net Profit
- 1.46
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 1.46
- Cumulative 5-Year FCF
- 0
Mar 2020
- 1,065
- Cash from Investing
- -1,109
- Cash from Financing
- -520
- -564
- Free Cash Flow
- -22
- OCF / Net Profit
- 2.03
- Cumulative 5-Year FCF
- -155
- OCF / Net Profit
- 2.03
- Cumulative 5-Year FCF
- -155
Mar 2021
- 844
- Cash from Investing
- -1,307
- Cash from Financing
- 635
- 173
- Free Cash Flow
- -464
- OCF / Net Profit
- 1.64
- Cumulative 5-Year FCF
- -723
- OCF / Net Profit
- 1.64
- Cumulative 5-Year FCF
- -723
Mar 2022
- 507
- Cash from Investing
- -1,162
- Cash from Financing
- 417
- -239
- Free Cash Flow
- 507
- OCF / Net Profit
- 0.43
- Cumulative 5-Year FCF
- -156
- OCF / Net Profit
- 0.43
- Cumulative 5-Year FCF
- -156
Mar 2023
- 1,281
- Cash from Investing
- -1,301
- Cash from Financing
- 46
- 27
- Free Cash Flow
- 328
- OCF / Net Profit
- 2.35
- Cumulative 5-Year FCF
- 437
- OCF / Net Profit
- 2.35
- Cumulative 5-Year FCF
- 437
Mar 2024
- 1,159
- Cash from Investing
- -1,317
- Cash from Financing
- 421
- 263
- Free Cash Flow
- 111
- OCF / Net Profit
- 2.78
- Cumulative 5-Year FCF
- 459
- OCF / Net Profit
- 2.78
- Cumulative 5-Year FCF
- 459
Mar 2025
- 1,282
- Cash from Investing
- -1,435
- Cash from Financing
- -74
- -227
- Free Cash Flow
- -69
- OCF / Net Profit
- 3.77
- Cumulative 5-Year FCF
- 413
- OCF / Net Profit
- 3.77
- Cumulative 5-Year FCF
- 413
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 (₹) | 30.30 | 37.35 | 38.92 | 55.54 | 30.04 | 29.47 | 32.61 | 15.06 | 11.51 | 9.37 |
| Book Value (₹) | 131.26 | 159.53 | 186.37 | 295.45 | 166.54 | 195.81 | 124.17 | 135.75 | 145.93 | 154.74 |
| 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 (₹) | 10.36 | 12.83 | 13.91 | 18.24 | 19.97 | 21.00 | 39.34 | 23.61 | 21.93 | 21.32 |
| PROFITABILITY | - | - | - | - | - | - | - | - | - | - |
| Operating Margin % | 18.40% | 20.03% | 17.81% | 20.26% | 21.33% | 19.48% | 25.10% | 15.01% | 13.89% | 12.39% |
| Net Margin % | 8.60% | 10.05% | 8.55% | 10.58% | 11.87% | 10.68% | 17.33% | 7.53% | 5.95% | 4.19% |
| ROE % | 25.22% | 25.52% | 22.40% | 23.62% | 19.16% | 16.27% | 29.88% | 11.59% | 8.17% | 6.23% |
| ROCE % | 19.97% | 18.99% | 16.30% | 18.15% | 15.50% | 12.80% | 22.04% | 10.48% | 7.29% | 6.48% |
| 8.93% | 9.93% | 8.41% | 9.81% | 8.93% | 7.55% | 15.44% | 6.68% | 4.50% | 3.25% | |
| EFFICIENCY | - | - | - | - | - | - | - | - | - | - |
| Debtor Days | 62 | 64 | 62 | 61 | 66 | 61 | 52 | 53 | 49 | 39 |
| Inventory Days | 63 | 61 | 61 | 56 | 61 | 64 | 48 | 48 | 56 | 57 |
| Payable Days | 64 | 72 | 62 | 61 | 63 | 94 | 71 | 32 | 52 | 85 |
| 61 | 54 | 61 | 56 | 64 | 30 | 29 | 69 | 54 | 12 | |
| FINANCIAL HEALTH | - | - | - | - | - | - | - | - | - | - |
| Debt to Equity (x) | 1.17x | 1.18x | 1.35x | 0.92x | 0.71x | 0.83x | 0.57x | 0.58x | 0.67x | 0.68x |
| Interest Coverage (x) | 3.86x | 4.23x | 4.00x | 4.30x | 6.31x | 8.34x | 14.45x | 4.70x | 2.88x | 2.15x |
| 1.07x | 0.99x | 1.06x | 1.34x | 1.04x | 0.98x | 1.25x | 0.88x | 0.97x | 0.84x | |
| GROWTH | - | - | - | - | - | - | - | - | - | - |
| Revenue Growth % | 2.19% | 3.97% | 21.28% | 8.81% | -0.76% | 8.07% | 39.93% | 8.69% | -3.34% | 15.11% |
| Operating Profit Growth % | 17.75% | 13.17% | 7.85% | 39.82% | 2.04% | -0.38% | 82.76% | -36.38% | -9.58% | 4.07% |
| Net Profit Growth % | 34.41% | 21.49% | 3.18% | 52.09% | 8.74% | -1.88% | 130.19% | -53.83% | -23.53% | -18.62% |
| 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | -23.53% | -18.62% | |
| VALUATION | - | - | - | - | - | - | - | - | - | - |
| P/E (x) | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 57.88x | 41.68x |
| P/B (x) | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 4.57x | 2.52x |
| 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 | 27.64x | 17.23x |
Mar 2016
- EPS (₹)
- 30.30
- Book Value (₹)
- 131.26
- Dividend per Share (₹)
- 8.50
- Cash EPS (₹)
- 10.36
- Operating Margin %
- 18.40%
- Net Margin %
- 8.60%
- ROE %
- 25.22%
- ROCE %
- 19.97%
- 8.93%
- Debtor Days
- 62
- Inventory Days
- 63
- Payable Days
- 64
- 61
- Debt to Equity (x)
- 1.17x
- Interest Coverage (x)
- 3.86x
- 1.07x
- Revenue Growth %
- 2.19%
- Operating Profit Growth %
- 17.75%
- Net Profit Growth %
- 34.41%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2017
- EPS (₹)
- 37.35
- Book Value (₹)
- 159.53
- Dividend per Share (₹)
- 1.00
- Cash EPS (₹)
- 12.83
- Operating Margin %
- 20.03%
- Net Margin %
- 10.05%
- ROE %
- 25.52%
- ROCE %
- 18.99%
- 9.93%
- Debtor Days
- 64
- Inventory Days
- 61
- Payable Days
- 72
- 54
- Debt to Equity (x)
- 1.18x
- Interest Coverage (x)
- 4.23x
- 0.99x
- Revenue Growth %
- 3.97%
- Operating Profit Growth %
- 13.17%
- Net Profit Growth %
- 21.49%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2018
- EPS (₹)
- 38.92
- Book Value (₹)
- 186.37
- Dividend per Share (₹)
- 1.00
- Cash EPS (₹)
- 13.91
- Operating Margin %
- 17.81%
- Net Margin %
- 8.55%
- ROE %
- 22.40%
- ROCE %
- 16.30%
- 8.41%
- Debtor Days
- 62
- Inventory Days
- 61
- Payable Days
- 62
- 61
- Debt to Equity (x)
- 1.35x
- Interest Coverage (x)
- 4.00x
- 1.06x
- Revenue Growth %
- 21.28%
- Operating Profit Growth %
- 7.85%
- Net Profit Growth %
- 3.18%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2019
- EPS (₹)
- 55.54
- Book Value (₹)
- 295.45
- Dividend per Share (₹)
- 11.00
- Cash EPS (₹)
- 18.24
- Operating Margin %
- 20.26%
- Net Margin %
- 10.58%
- ROE %
- 23.62%
- ROCE %
- 18.15%
- 9.81%
- Debtor Days
- 61
- Inventory Days
- 56
- Payable Days
- 61
- 56
- Debt to Equity (x)
- 0.92x
- Interest Coverage (x)
- 4.30x
- 1.34x
- Revenue Growth %
- 8.81%
- Operating Profit Growth %
- 39.82%
- Net Profit Growth %
- 52.09%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2020
- EPS (₹)
- 30.04
- Book Value (₹)
- 166.54
- Dividend per Share (₹)
- 3.50
- Cash EPS (₹)
- 19.97
- Operating Margin %
- 21.33%
- Net Margin %
- 11.87%
- ROE %
- 19.16%
- ROCE %
- 15.50%
- 8.93%
- Debtor Days
- 66
- Inventory Days
- 61
- Payable Days
- 63
- 64
- Debt to Equity (x)
- 0.71x
- Interest Coverage (x)
- 6.31x
- 1.04x
- Revenue Growth %
- -0.76%
- Operating Profit Growth %
- 2.04%
- Net Profit Growth %
- 8.74%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2021
- EPS (₹)
- 29.47
- Book Value (₹)
- 195.81
- Dividend per Share (₹)
- 3.00
- Cash EPS (₹)
- 21.00
- Operating Margin %
- 19.48%
- Net Margin %
- 10.68%
- ROE %
- 16.27%
- ROCE %
- 12.80%
- 7.55%
- Debtor Days
- 61
- Inventory Days
- 64
- Payable Days
- 94
- 30
- Debt to Equity (x)
- 0.83x
- Interest Coverage (x)
- 8.34x
- 0.98x
- Revenue Growth %
- 8.07%
- Operating Profit Growth %
- -0.38%
- Net Profit Growth %
- -1.88%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2022
- EPS (₹)
- 32.61
- Book Value (₹)
- 124.17
- Dividend per Share (₹)
- 3.50
- Cash EPS (₹)
- 39.34
- Operating Margin %
- 25.10%
- Net Margin %
- 17.33%
- ROE %
- 29.88%
- ROCE %
- 22.04%
- 15.44%
- Debtor Days
- 52
- Inventory Days
- 48
- Payable Days
- 71
- 29
- Debt to Equity (x)
- 0.57x
- Interest Coverage (x)
- 14.45x
- 1.25x
- Revenue Growth %
- 39.93%
- Operating Profit Growth %
- 82.76%
- Net Profit Growth %
- 130.19%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2023
- EPS (₹)
- 15.06
- Book Value (₹)
- 135.75
- Dividend per Share (₹)
- 2.50
- Cash EPS (₹)
- 23.61
- Operating Margin %
- 15.01%
- Net Margin %
- 7.53%
- ROE %
- 11.59%
- ROCE %
- 10.48%
- 6.68%
- Debtor Days
- 53
- Inventory Days
- 48
- Payable Days
- 32
- 69
- Debt to Equity (x)
- 0.58x
- Interest Coverage (x)
- 4.70x
- 0.88x
- Revenue Growth %
- 8.69%
- Operating Profit Growth %
- -36.38%
- Net Profit Growth %
- -53.83%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2024
- EPS (₹)
- 11.51
- Book Value (₹)
- 145.93
- Dividend per Share (₹)
- 1.00
- Cash EPS (₹)
- 21.93
- Operating Margin %
- 13.89%
- Net Margin %
- 5.95%
- ROE %
- 8.17%
- ROCE %
- 7.29%
- 4.50%
- Debtor Days
- 49
- Inventory Days
- 56
- Payable Days
- 52
- 54
- Debt to Equity (x)
- 0.67x
- Interest Coverage (x)
- 2.88x
- 0.97x
- Revenue Growth %
- -3.34%
- Operating Profit Growth %
- -9.58%
- Net Profit Growth %
- -23.53%
- -23.53%
- P/E (x)
- 57.88x
- P/B (x)
- 4.57x
- Dividend Yield %
- 0.15%
- 27.64x
Mar 2025
- EPS (₹)
- 9.37
- Book Value (₹)
- 154.74
- Dividend per Share (₹)
- 1.00
- Cash EPS (₹)
- 21.32
- Operating Margin %
- 12.39%
- Net Margin %
- 4.19%
- ROE %
- 6.23%
- ROCE %
- 6.48%
- 3.25%
- Debtor Days
- 39
- Inventory Days
- 57
- Payable Days
- 85
- 12
- Debt to Equity (x)
- 0.68x
- Interest Coverage (x)
- 2.15x
- 0.84x
- Revenue Growth %
- 15.11%
- Operating Profit Growth %
- 4.07%
- Net Profit Growth %
- -18.62%
- -18.62%
- P/E (x)
- 41.68x
- P/B (x)
- 2.52x
- Dividend Yield %
- 0.26%
- 17.23x
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