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Last Updated: April 2, 2026, 3:58 am
Author: Getaka|Social: XLinkedIn
Stock Ticker - BSE: 542580 | NSE: AARTECH

Aartech Solonics Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹25.21Overvalued by 31.12%vs CMP ₹36.60

P/E (36.0) × ROE (8.2%) × BV (₹10.60) × DY (0.34%)

₹10.67Overvalued by 70.85%vs CMP ₹36.60
MoS: -243% (Negative)Confidence: 68/100 (Moderate)Models: All 9: Overvalued
ModelCategoryValueWeightSignal
PE-ROEEarnings₹23.6523%Over (-35.4%)
Graham NumberEarnings₹12.3516%Over (-66.3%)
Earnings PowerEarnings₹2.5711%Over (-93%)
DCFCash Flow₹3.8014%Over (-89.6%)
Net Asset ValueAssets₹10.687%Over (-70.8%)
EV/EBITDAEnterprise₹6.299%Over (-82.8%)
Earnings YieldEarnings₹6.407%Over (-82.5%)
ROCE CapitalReturns₹0.557%Over (-98.5%)
Revenue MultipleRevenue₹11.475%Over (-68.7%)
Consensus (9 models)₹10.67100%Overvalued
Key Drivers: Wide model spread (₹1–₹24) — high uncertainty.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: -6.2%

*Investments are subject to market risks

Investment Snapshot

47
Aartech Solonics Ltd scores 47/100 (Average)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health61/100 · Moderate
ROCE 5.6% WeakROE 8.2% AverageD/E 0.09 Low debtInterest Coverage 0.0x RiskyProfitable 5/5 years Consistent
Smart Money40/100 · Moderate
FII holding stable No changeDII holding down 1.67% MF sellingPromoter holding at 52.8% Stable
Earnings Quality40/100 · Moderate
OPM contracting (11% → 3%) Declining
Quarterly Momentum35/100 · Weak
Revenue (4Q): -5% YoY DecliningProfit (4Q): -56% YoY DecliningOPM: 48.2% (up 37.1% YoY) Margin expansion
Industry Rank50/100 · Moderate
P/E 36.0 vs industry 31.8 In-lineROCE 5.6% vs industry 18.2% Below peers3Y sales CAGR: 31% High growth

Weights: Health 30% · Earnings Quality 25% · Momentum 20% · Industry Rank 15% · Smart Money 10%. Scores are computed from reported financials and recalculated daily. Not investment advice.

Aartech Solonics Ltd Investor Signals

Computed from valuation, cash flow, balance sheet, ownership and quarterly trend data already available in this stock page.

Value Trap Score
40/100
Moderate
Derived from: Cheapness + weak quality + weak cash support
Current data: P/E 36.0 vs Ind 31.8 | ROCE 5.6% | ROE 8.2% | CFO/NP N/A
Balance Sheet Stress
0/100
Comfortable
Derived from: Leverage + debt servicing + liquidity + debt trend
Current data: D/E 0.09x | IntCov 0.0x | Current 4.35x | Borrow/Reserve 0.30x
Cash Flow Reliability
14/100
Weak
Derived from: Cash backing of earnings + working capital pressure
Current data: CFO ₹0 Cr | NP ₹3 Cr | CFO/NP N/A
Ownership Accumulation
0
Neutral
Derived from: FII + DII + promoter direction, adjusted by crowding
Current data: FII 0.00 pp | DII -0.31 pp | Prom +0.03 pp
Business Momentum
-11
Watch closely
Derived from: Latest quarter sales + profit + OPM change
Current data: Q Sales -36.9% | Q NP -71.2% | Q OPM +27.8 pp
Derived FieldValueHow it is derived
Valuation Gap %-70.8%((Fair Value - CMP) / CMP) × 100
Borrowings / Reserves0.30xLatest borrowings divided by latest reserves
CFO / Net ProfitN/ALatest operating cash flow divided by latest net profit
FII Change0.00 ppLatest FII% minus previous FII%
DII Change-0.31 ppLatest DII% minus previous DII%
Promoter Change+0.03 ppLatest promoter% minus previous promoter%
Shareholder Count Change-84Latest shareholder count minus previous count
Quarterly Sales Change-36.9%Latest quarter sales vs previous quarter sales
Quarterly Profit Change-71.2%Latest quarter net profit vs previous quarter net profit
Quarterly OPM Change+27.8 ppLatest quarter OPM minus previous quarter OPM

Share Price and Basic Stock Data

Last Updated: April 2, 2026, 3:58 am

Market Cap 116 Cr.
Current Price 36.6
Intrinsic Value₹10.67
High / Low 77.7/33.5
Stock P/E36.0
Book Value 10.6
Dividend Yield0.34 %
ROCE5.64 %
ROE8.23 %
Face Value 5.00
PEG Ratio-5.83

Stock P/E, Current Price, and Intrinsic Value Over Time

View Share Price Target for Aartech Solonics Ltd

Competitors

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
Aartech Solonics Ltd 116 Cr. 36.6 77.7/33.536.0 10.60.34 %5.64 %8.23 % 5.00
Jyoti Structures Ltd 1,235 Cr. 10.4 22.2/7.9224.8 4.260.00 %1.61 %13.3 % 2.00
Indo Tech Transformers Ltd 1,347 Cr. 1,268 2,790/1,10015.0 3060.00 %37.8 %25.7 % 10.0
Bajel Projects Ltd 1,783 Cr. 154 264/13585.0 45.40.00 %12.9 %2.68 % 2.00
Transformers & Rectifiers India Ltd (TRIL) 8,234 Cr. 274 595/22430.9 44.80.07 %28.0 %23.4 % 1.00
Industry Average38,511.88 Cr1,451.6331.78294.380.70%18.23%15.50%5.25

All Competitor Stocks of Aartech Solonics Ltd

Quarterly Result

MetricDec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales 3.902.836.389.057.349.986.619.419.7810.554.3411.707.38
Expenses 3.413.266.018.997.819.466.928.418.6912.534.439.313.82
Operating Profit 0.49-0.430.370.06-0.470.52-0.311.001.09-1.98-0.092.393.56
OPM % 12.56%-15.19%5.80%0.66%-6.40%5.21%-4.69%10.63%11.15%-18.77%-2.07%20.43%48.24%
Other Income 0.840.150.800.631.440.282.080.980.63-0.691.400.35-2.10
Interest 0.180.040.140.130.140.160.130.180.130.110.210.170.15
Depreciation 0.050.010.010.110.120.140.120.140.130.110.130.130.13
Profit before tax 1.10-0.331.020.450.710.501.521.661.46-2.890.972.441.18
Tax % 12.73%-3.03%27.45%0.00%18.31%176.00%30.92%9.64%-26.03%-43.94%35.05%11.89%48.31%
Net Profit 0.95-0.310.730.450.59-0.381.041.511.84-1.630.632.150.62
EPS in Rs 0.30-0.100.230.140.19-0.130.330.480.58-0.530.300.680.19

Last Updated: March 3, 2026, 1:18 pm

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 26, 2026, 1:41 pm

MetricMar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales 9.7914.0410.1010.9616.3421.6932.7436.3533.97
Expenses 9.6513.7110.1210.4613.8120.4032.2634.7430.09
Operating Profit 0.140.33-0.020.502.531.290.481.613.88
OPM % 1.43%2.35%-0.20%4.56%15.48%5.95%1.47%4.43%11.42%
Other Income 1.221.090.490.581.451.473.141.18-1.04
Interest 0.080.190.210.240.210.280.570.550.64
Depreciation 0.320.270.300.380.340.440.470.500.50
Profit before tax 0.960.96-0.040.463.432.042.581.741.70
Tax % 20.83%45.83%400.00%45.65%18.08%30.39%49.22%-59.20%
Net Profit 0.760.51-0.190.262.801.421.322.761.77
EPS in Rs 0.340.16-0.060.080.880.450.420.870.64
Dividend Payout % 0.00%0.00%0.00%135.77%18.91%0.00%0.00%14.39%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2018-20192019-20202020-20212021-20222022-20232023-20242024-2025
YoY Net Profit Growth (%)-32.89%-137.25%236.84%976.92%-49.29%-7.04%109.09%
Change in YoY Net Profit Growth (%)0.00%-104.36%374.10%740.08%-1026.21%42.24%116.13%

Aartech Solonics Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 7 years from 2018-2019 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:%
5 Years:29%
3 Years:31%
TTM:3%
Compounded Profit Growth
10 Years:%
5 Years:64%
3 Years:17%
TTM:57%
Stock Price CAGR
10 Years:%
5 Years:%
3 Years:68%
1 Year:-28%
Return on Equity
10 Years:%
5 Years:5%
3 Years:5%
Last Year:9%

Last Updated: September 5, 2025, 2:01 pm

Balance Sheet

Last Updated: December 10, 2025, 3:42 am

MonthMar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital 4.947.067.067.0610.5910.5910.5915.8915.89
Reserves 12.5618.1917.6617.9416.7918.2818.9415.5717.96
Borrowings -0.011.102.361.110.652.694.205.645.40
Other Liabilities 2.261.972.802.554.025.117.395.706.49
Total Liabilities 19.7528.3229.8828.6632.0536.6741.1242.8045.74
Fixed Assets 4.685.065.275.015.104.915.075.054.56
CWIP 0.000.000.000.000.000.000.000.050.06
Investments 4.416.428.476.628.1310.6014.0012.6912.72
Other Assets 10.6616.8416.1417.0318.8221.1622.0525.0128.40
Total Assets 19.7528.3229.8828.6632.0536.6741.1242.8045.74

Reserves and Borrowings Chart

Cash Flow

MonthMar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity + 0.04-1.401.26-1.611.66-4.821.49-1.52
Cash from Investing Activity + -1.14-6.06-3.832.28-1.273.84-0.931.28
Cash from Financing Activity + 2.288.30-0.48-0.39-0.231.170.400.28
Net Cash Flow 1.180.85-3.040.280.160.190.970.04
Free Cash Flow -1.20-2.030.81-1.721.45-3.450.85-1.93
CFO/OP 121%-318%-7,050%-310%73%-305%344%-68%

Free Cash Flow

MonthMar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow0.15-0.77-2.38-0.611.88-1.40-3.72-4.03

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthMar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days 128.63132.07168.04212.81160.39177.70105.6959.14
Inventory Days 275.16104.76194.22138.23121.23147.32131.77222.96
Days Payable 33.9538.77118.5489.1896.63118.0393.6386.09
Cash Conversion Cycle 369.84198.05243.72261.85184.98207.00143.82196.02
Working Capital Days 225.19186.92188.64230.46158.60182.2584.7392.38
ROCE %3.74%-0.26%1.06%8.47%7.45%4.81%5.64%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Promoters 52.68%52.68%52.68%52.68%52.68%52.68%52.68%52.72%52.72%52.72%52.72%52.75%
FIIs 0.00%0.00%0.02%0.00%0.01%0.00%0.02%0.00%0.00%0.00%0.00%0.00%
DIIs 0.00%0.00%0.00%0.00%1.39%1.39%1.39%1.39%1.67%1.38%0.31%0.00%
Public 47.33%47.32%47.30%47.32%45.92%45.93%45.91%45.88%45.60%45.90%46.96%47.25%
No. of Shareholders 2382703,5524,2274,7345,66211,25113,08214,35913,86614,35814,274

Shareholding Pattern Chart

No. of Shareholders

Aartech Solonics Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

This stock is not held by any mutual fund.

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 25Mar 24Mar 23Mar 22Mar 20
FaceValue 5.0010.0010.0010.0010.00
Basic EPS (Rs.) 0.871.241.752.64-0.27
Diluted EPS (Rs.) 0.871.241.752.64-0.27
Cash EPS (Rs.) 2.261.692.112.970.14
Book Value[Excl.RevalReserv]/Share (Rs.) 9.9027.8927.1325.8535.31
Book Value[Incl.RevalReserv]/Share (Rs.) 9.9027.8927.1325.8535.31
Revenue From Operations / Share (Rs.) 11.4430.9220.4815.4314.30
PBDIT / Share (Rs.) 2.113.422.833.730.61
PBIT / Share (Rs.) 0.712.972.473.400.19
PBT / Share (Rs.) 0.532.442.223.23-0.05
Net Profit / Share (Rs.) 0.861.241.752.64-0.27
NP After MI And SOA / Share (Rs.) 0.871.241.752.64-0.27
PBDIT Margin (%) 18.4211.0513.8324.154.32
PBIT Margin (%) 6.229.6112.0822.041.36
PBT Margin (%) 4.717.8810.8420.95-0.37
Net Profit Margin (%) 7.544.018.5617.12-1.92
NP After MI And SOA Margin (%) 7.604.018.5617.12-1.92
Return on Networth / Equity (%) 8.784.456.4610.21-0.77
Return on Capital Employeed (%) 7.0710.509.0012.850.53
Return On Assets (%) 6.453.195.078.72-0.65
Long Term Debt / Equity (X) 0.000.000.000.000.02
Total Debt / Equity (X) 0.170.130.090.020.09
Asset Turnover Ratio (%) 0.860.840.610.000.00
Current Ratio (X) 3.152.713.495.004.35
Quick Ratio (X) 2.152.012.814.323.67
Inventory Turnover Ratio (X) 3.923.404.050.000.00
Dividend Payout Ratio (NP) (%) 28.7340.2528.4912.610.00
Dividend Payout Ratio (CP) (%) 11.0329.6723.6511.230.00
Earning Retention Ratio (%) 71.2759.7571.5187.390.00
Cash Earning Retention Ratio (%) 88.9770.3376.3588.770.00
Interest Coverage Ratio (X) 12.236.3711.1322.182.47
Interest Coverage Ratio (Post Tax) (X) 6.013.327.8916.73-0.10
Enterprise Value (Cr.) 169.91164.9772.2243.0825.89
EV / Net Operating Revenue (X) 4.675.043.332.642.56
EV / EBITDA (X) 25.3745.5824.0710.9259.31
MarketCap / Net Operating Revenue (X) 4.584.983.272.672.41
Retention Ratios (%) 71.2659.7471.5087.380.00
Price / BV (X) 5.305.532.471.590.97
Price / Net Operating Revenue (X) 4.584.983.272.672.41
EarningsYield 0.010.010.020.06-0.01

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

About the Company - Qualitative Analysis

Aartech Solonics Ltd. is a Public Limited Listed company incorporated on 24/08/1982 and has its registered office in the State of Madhya Pradesh, India. Company's Corporate Identification Number(CIN) is L31200MP1982PLC002030 and registration number is 002030. Currently company belongs to the Industry of Power - Transmission/Equipment. Company's Total Operating Revenue is Rs. 35.70 Cr. and Equity Capital is Rs. 15.89 Cr. for the Year ended 31/03/2025.
INDUSTRYADDRESSCONTACT
Power - Transmission/EquipmentE-2/57, Ashirvad, Arera Colony, Bhopal Madhya Pradesh 462016Contact not found
Management
NamePosition Held
Mr. Amit Anil RajeChairman & Managing Director
Mrs. Arati NathExecutive Director & CEO
Mr. Anil Anant RajeNon Executive Director
Mr. Prashant Dattatray LowlekarInd. Non-Executive Director
Mr. Kshitij NegiInd. Non-Executive Director
Ms. Supriya Sunil ChitreInd. Non-Executive Director

FAQ

What is the intrinsic value of Aartech Solonics Ltd and is it undervalued?

As of 06 April 2026, Aartech Solonics Ltd's intrinsic value is ₹10.67, which is 70.85% lower than the current market price of ₹36.60, suggesting the stock is overvalued. This is calculated using the PE ratio method factoring in ROE (8.23 %), book value (₹10.6), dividend yield (0.34 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of Aartech Solonics Ltd?

Aartech Solonics Ltd is trading at ₹36.60 as of 06 April 2026, with a FY2026-2027 high of ₹77.7 and low of ₹33.5. The stock is currently near its 52-week low. Market cap stands at ₹116 Cr..

How does Aartech Solonics Ltd's P/E ratio compare to its industry?

Aartech Solonics Ltd has a P/E ratio of 36.0, which is above the industry average of 31.78. The premium over industry average may reflect growth expectations or speculative interest.

Is Aartech Solonics Ltd financially healthy?

Key indicators for Aartech Solonics Ltd: ROCE of 5.64 % is on the lower side compared to the industry average of 18.23%. Dividend yield is 0.34 %.

Is Aartech Solonics Ltd profitable and how is the profit trend?

Aartech Solonics Ltd reported a net profit of ₹3 Cr in Mar 2025 on revenue of ₹36 Cr. Compared to ₹3 Cr in Mar 2022, the net profit shows a declining trend.

Does Aartech Solonics Ltd pay dividends?

Aartech Solonics Ltd has a dividend yield of 0.34 % at the current price of ₹36.60. The company pays dividends, though the yield is modest.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Aartech Solonics Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE
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