Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
post
Last Updated: February 27, 2026, 8:02 pm
Author: Getaka|Social: XLinkedIn
Stock Ticker - BSE: 524208 | NSE: AARTIIND

Aarti Industries Ltd: Intrinsic Value & Share Price Analysis

Share Price and Basic Stock Data

Last Updated: February 27, 2026, 8:02 pm

Market Cap 16,222 Cr.
Current Price 447
Intrinsic Value₹265.60
High / Low 495/338
Stock P/E43.7
Book Value 158
Dividend Yield0.22 %
ROCE6.32 %
ROE6.03 %
Face Value 5.00
PEG Ratio-2.14

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

View Share Price Target for Aarti Industries Ltd

Competitors

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
Aarti Industries Ltd 16,222 Cr. 447 495/33843.7 1580.22 %6.32 %6.03 % 5.00
Anupam Rasayan India Ltd 14,091 Cr. 1,239 1,407/60181.9 2810.06 %7.33 %3.32 % 10.0
Aether Industries Ltd 12,755 Cr. 959 1,086/72368.4 1740.00 %9.92 %7.49 % 10.0
Himadri Speciality Chemical Ltd 24,464 Cr. 485 534/35134.6 80.60.12 %22.0 %16.4 % 1.00
Clean Science & Technology Ltd 7,816 Cr. 735 1,600/70731.8 1410.82 %27.3 %20.2 % 1.00
Industry Average13,312.76 Cr791.6282.92182.870.48%12.99%25.41%6.41

All Competitor Stocks of Aarti Industries Ltd

Quarterly Result

MetricDec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales 1,6681,6561,4141,4541,7321,7731,8511,6281,8431,9491,6752,1002,318
Expenses 1,3791,4031,2141,2211,4731,4891,5461,4311,6121,6871,4631,8091,997
Operating Profit 289253200233259284305197231262212291321
OPM % 17%15%14%16%15%16%16%12%13%13%13%14%14%
Other Income 00008-16753422-13
Interest 473340585459646285646010069
Depreciation 828489939798102108111113114120121
Profit before tax 16013671821161261453440884293118
Tax % 15%-10%1%-11%-7%-5%6%-53%-15%-9%-2%-14%-13%
Net Profit 137149709112413213752469643106133
EPS in Rs 3.774.111.932.513.423.643.781.431.272.651.192.923.67

Last Updated: February 6, 2026, 9:49 pm

Below is a detailed analysis of the quarterly data for Aarti Industries Ltd based on the most recent figures (Dec 2025) and their trends compared to the previous period:

  • For Sales, as of Dec 2025, the value is 2,318.00 Cr.. The value appears strong and on an upward trend. It has increased from 2,100.00 Cr. (Sep 2025) to 2,318.00 Cr., marking an increase of 218.00 Cr..
  • For Expenses, as of Dec 2025, the value is 1,997.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 1,809.00 Cr. (Sep 2025) to 1,997.00 Cr., marking an increase of 188.00 Cr..
  • For Operating Profit, as of Dec 2025, the value is 321.00 Cr.. The value appears strong and on an upward trend. It has increased from 291.00 Cr. (Sep 2025) to 321.00 Cr., marking an increase of 30.00 Cr..
  • For OPM %, as of Dec 2025, the value is 14.00%. The value remains steady. There is no change compared to the previous period (Sep 2025) which recorded 14.00%.
  • For Other Income, as of Dec 2025, the value is -13.00 Cr.. The value appears to be declining and may need further review. It has decreased from 22.00 Cr. (Sep 2025) to -13.00 Cr., marking a decrease of 35.00 Cr..
  • For Interest, as of Dec 2025, the value is 69.00 Cr.. The value appears to be improving (decreasing) as expected. It has decreased from 100.00 Cr. (Sep 2025) to 69.00 Cr., marking a decrease of 31.00 Cr..
  • For Depreciation, as of Dec 2025, the value is 121.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 120.00 Cr. (Sep 2025) to 121.00 Cr., marking an increase of 1.00 Cr..
  • For Profit before tax, as of Dec 2025, the value is 118.00 Cr.. The value appears strong and on an upward trend. It has increased from 93.00 Cr. (Sep 2025) to 118.00 Cr., marking an increase of 25.00 Cr..
  • For Tax %, as of Dec 2025, the value is -13.00%. The value appears to be increasing, which may not be favorable. It has increased from -14.00% (Sep 2025) to -13.00%, marking an increase of 1.00%.
  • For Net Profit, as of Dec 2025, the value is 133.00 Cr.. The value appears strong and on an upward trend. It has increased from 106.00 Cr. (Sep 2025) to 133.00 Cr., marking an increase of 27.00 Cr..
  • For EPS in Rs, as of Dec 2025, the value is 3.67. The value appears strong and on an upward trend. It has increased from 2.92 (Sep 2025) to 3.67, marking an increase of 0.75.

Overall, while many items appear to show a positive trend, any significant downward movement warrant further investigation.

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 18, 2026, 1:47 pm

MetricMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales 2,6192,8903,0063,1633,8064,1684,1864,5066,0866,6196,3717,2718,042
Expenses 2,2172,4242,4342,5093,1063,2023,2093,5254,3655,5305,3936,2716,956
Operating Profit 4024665726547009659779821,7201,0899781,0001,086
OPM % 15%16%19%21%18%23%23%22%28%16%15%14%14%
Other Income 1196272911171616
Interest 11813811711713218312586102168211275293
Depreciation 898298123146163185231246310378434468
Profit before tax 2062553634164296226766651,372611395307341
Tax % 26%24%26%21%19%19%19%19%14%11%-5%-8%
Net Profit 1632082683283465045475351,186545416331378
EPS in Rs 4.585.817.719.6210.2414.1815.3915.0232.7115.0411.499.1310.43
Dividend Payout % 25%24%28%3%2%19%11%10%11%17%9%11%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-20242024-2025
YoY Net Profit Growth (%)27.61%28.85%22.39%5.49%45.66%8.53%-2.19%121.68%-54.05%-23.67%-20.43%
Change in YoY Net Profit Growth (%)0.00%1.24%-6.46%-16.90%40.18%-37.13%-10.73%123.88%-175.73%30.38%3.24%

Aarti Industries Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2014-2015 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:10%
5 Years:12%
3 Years:6%
TTM:4%
Compounded Profit Growth
10 Years:5%
5 Years:-9%
3 Years:-35%
TTM:-51%
Stock Price CAGR
10 Years:16%
5 Years:-5%
3 Years:-21%
1 Year:-38%
Return on Equity
10 Years:16%
5 Years:13%
3 Years:8%
Last Year:6%

Last Updated: September 4, 2025, 10:00 pm

Balance Sheet

Last Updated: December 4, 2025, 12:53 am

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital 4444424141438787181181181181181
Reserves 8269721,0961,3211,5382,5872,8923,4164,3354,7395,1095,4245,531
Borrowings 1,0391,2021,2921,5642,0832,4012,0982,8572,5872,9073,6233,8483,973
Other Liabilities 7607195385737308261,2561,2827487541,2031,6612,017
Total Liabilities 2,6702,9382,9663,4994,3915,8586,3327,6427,8518,58110,11511,11411,702
Fixed Assets 8269671,2461,6971,9982,1472,4683,5933,5954,8615,6496,3776,586
CWIP 1171933132704367951,4181,2981,3461,0961,2291,4541,596
Investments 1171394147473337642817234881
Other Assets 1,6091,6391,3661,4861,9102,8842,4092,6882,8822,6073,2143,2353,439
Total Assets 2,6702,9382,9663,4994,3915,8586,3327,6427,8518,58110,11511,11411,702

Below is a detailed analysis of the balance sheet data for Aarti Industries Ltd based on the most recent figures (Sep 2025) and their trends compared to the previous period:

  • For Equity Capital, as of Sep 2025, the value is 181.00 Cr.. The value remains steady. There is no change compared to the previous period (Mar 2025) which recorded 181.00 Cr..
  • For Reserves, as of Sep 2025, the value is 5,531.00 Cr.. The value appears strong and on an upward trend. It has increased from 5,424.00 Cr. (Mar 2025) to 5,531.00 Cr., marking an increase of 107.00 Cr..
  • For Borrowings, as of Sep 2025, the value is 3,973.00 Cr.. The value appears to be increasing, which may not be favorable. Additionally, since Reserves exceed Borrowings, this is considered a positive sign. It has increased from 3,848.00 Cr. (Mar 2025) to 3,973.00 Cr., marking an increase of 125.00 Cr..
  • For Other Liabilities, as of Sep 2025, the value is 2,017.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 1,661.00 Cr. (Mar 2025) to 2,017.00 Cr., marking an increase of 356.00 Cr..
  • For Total Liabilities, as of Sep 2025, the value is 11,702.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 11,114.00 Cr. (Mar 2025) to 11,702.00 Cr., marking an increase of 588.00 Cr..
  • For Fixed Assets, as of Sep 2025, the value is 6,586.00 Cr.. The value appears strong and on an upward trend. It has increased from 6,377.00 Cr. (Mar 2025) to 6,586.00 Cr., marking an increase of 209.00 Cr..
  • For CWIP, as of Sep 2025, the value is 1,596.00 Cr.. The value appears strong and on an upward trend. It has increased from 1,454.00 Cr. (Mar 2025) to 1,596.00 Cr., marking an increase of 142.00 Cr..
  • For Investments, as of Sep 2025, the value is 81.00 Cr.. The value appears strong and on an upward trend. It has increased from 48.00 Cr. (Mar 2025) to 81.00 Cr., marking an increase of 33.00 Cr..
  • For Other Assets, as of Sep 2025, the value is 3,439.00 Cr.. The value appears strong and on an upward trend. It has increased from 3,235.00 Cr. (Mar 2025) to 3,439.00 Cr., marking an increase of 204.00 Cr..
  • For Total Assets, as of Sep 2025, the value is 11,702.00 Cr.. The value appears strong and on an upward trend. It has increased from 11,114.00 Cr. (Mar 2025) to 11,702.00 Cr., marking an increase of 588.00 Cr..

Notably, the Reserves (5,531.00 Cr.) exceed the Borrowings (3,973.00 Cr.), indicating a solid financial buffer.

Overall, while many items appear to show a positive trend, any significant downward movement or items where Borrowings exceed Reserves warrant further investigation.

Reserves and Borrowings Chart

Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity + 3153405744703357361,1028735191,3191,2101,242
Cash from Investing Activity + -291-298-452-529-610-797-1,124-1,322-1,169-1,330-1,369-1,398
Cash from Financing Activity + -22-23-12858279833-53561441238420-73
Net Cash Flow 219-7-04772-557165-23927261-229

Free Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow401.00465.00571.00653.00698.00963.00975.00980.00-1.00-1.00975.00-2.00

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 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days 625564616368666465524939
Inventory Days 147123108136144152174190143115121126
Days Payable 90556771695572117532476107
Cash Conversion Cycle 1191231051251381651681371551439458
Working Capital Days 31010-46-14-14-3622-29-36-44
ROCE %18%19%20%19%16%18%15%13%22%10%7%6%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Promoters 44.07%43.65%43.57%43.54%43.43%43.24%42.61%42.35%42.24%42.24%42.18%42.14%
FIIs 12.32%12.17%10.58%10.83%10.93%10.61%9.68%7.25%6.29%6.44%6.40%6.70%
DIIs 14.74%14.83%16.14%15.82%17.24%18.55%18.11%17.93%19.96%20.38%18.21%18.22%
Government 0.01%0.01%0.01%0.02%0.03%0.03%0.01%0.01%0.01%0.01%0.01%0.01%
Public 28.87%29.33%29.72%29.78%28.38%27.58%29.58%32.46%31.48%30.92%33.20%32.94%
No. of Shareholders 3,85,7513,97,9074,23,1404,18,1233,77,9533,49,4153,94,1544,50,5884,39,2274,25,3994,28,9314,18,492

Shareholding Pattern Chart

No. of Shareholders

Aarti Industries Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
HDFC Mid Cap Fund 7,731,125 0.31 287.56N/AN/AN/A
Nippon India Small Cap Fund 5,363,408 0.3 199.494,813,4952026-01-26 01:10:5511.42%
Quant Small Cap Fund 4,174,238 0.57 155.263,636,2882026-01-26 01:10:5514.79%
ICICI Prudential India Opportunities Fund 3,823,633 0.4 142.223,623,3252026-02-23 00:14:455.53%
ICICI Prudential Manufacturing Fund 2,240,351 1.32 83.332,165,0092026-01-26 01:10:553.48%
ICICI Prudential Commodities Fund 2,057,024 2.15 76.51N/AN/AN/A
ICICI Prudential Smallcap Fund 1,100,000 0.5 40.91N/AN/AN/A
ICICI Prudential Business Cycle Fund 1,099,580 0.26 40.9N/AN/AN/A
Mahindra Manulife Multi Cap Fund 1,070,000 0.66 39.8N/AN/AN/A
Bandhan Small Cap Fund 1,039,483 0.2 38.66N/AN/AN/A

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 25Mar 24Mar 23Mar 22Mar 21
FaceValue 5.005.005.005.005.00
Basic EPS (Rs.) 9.1311.4915.0432.7130.04
Diluted EPS (Rs.) 9.1211.4915.0432.7130.04
Cash EPS (Rs.) 21.1121.9223.6039.5143.99
Book Value[Excl.RevalReserv]/Share (Rs.) 154.62145.94135.75124.60201.71
Book Value[Incl.RevalReserv]/Share (Rs.) 154.62145.94135.75124.60201.74
Revenue From Operations / Share (Rs.) 200.58175.79182.58167.88258.61
PBDIT / Share (Rs.) 27.9927.1730.0647.4756.37
PBIT / Share (Rs.) 16.0116.7421.5040.6743.10
PBT / Share (Rs.) 8.4710.9116.8637.8538.14
Net Profit / Share (Rs.) 9.1311.4915.0432.7130.72
NP After MI And SOA / Share (Rs.) 9.1311.4915.0432.7130.04
PBDIT Margin (%) 13.9515.4516.4628.2721.79
PBIT Margin (%) 7.989.5211.7724.2216.66
PBT Margin (%) 4.226.209.2322.5414.74
Net Profit Margin (%) 4.556.538.2319.4811.87
NP After MI And SOA Margin (%) 4.556.538.2319.4811.61
Return on Networth / Equity (%) 5.907.8711.0826.2514.94
Return on Capital Employeed (%) 7.588.6213.4425.9314.32
Return On Assets (%) 2.974.336.3515.106.85
Long Term Debt / Equity (X) 0.330.280.120.200.36
Total Debt / Equity (X) 0.670.600.580.560.71
Asset Turnover Ratio (%) 0.700.700.800.780.62
Current Ratio (X) 0.830.950.881.250.98
Quick Ratio (X) 0.410.500.510.810.59
Inventory Turnover Ratio (X) 5.563.443.522.992.21
Dividend Payout Ratio (NP) (%) 10.9513.0516.6210.708.91
Dividend Payout Ratio (CP) (%) 4.736.8410.598.856.18
Earning Retention Ratio (%) 89.0586.9583.3889.3091.09
Cash Earning Retention Ratio (%) 95.2793.1689.4191.1593.82
Interest Coverage Ratio (X) 3.684.666.4816.8211.37
Interest Coverage Ratio (Post Tax) (X) 2.192.974.2412.597.20
Enterprise Value (Cr.) 17651.0927209.9921458.7737059.1925031.61
EV / Net Operating Revenue (X) 2.434.273.246.095.55
EV / EBITDA (X) 17.4027.6219.6921.5425.48
MarketCap / Net Operating Revenue (X) 1.953.792.845.705.09
Retention Ratios (%) 89.0486.9483.3789.2991.08
Price / BV (X) 2.534.573.827.686.55
Price / Net Operating Revenue (X) 1.953.792.845.705.09
EarningsYield 0.020.010.020.030.02

After reviewing the key financial ratios for Aarti Industries Ltd, here is a detailed analysis based on the latest available data and recent trends:

  • For FaceValue, as of Mar 25, the value is 5.00. This value is within the healthy range. There is no change compared to the previous period (Mar 24) which recorded 5.00.
  • For Basic EPS (Rs.), as of Mar 25, the value is 9.13. This value is within the healthy range. It has decreased from 11.49 (Mar 24) to 9.13, marking a decrease of 2.36.
  • For Diluted EPS (Rs.), as of Mar 25, the value is 9.12. This value is within the healthy range. It has decreased from 11.49 (Mar 24) to 9.12, marking a decrease of 2.37.
  • For Cash EPS (Rs.), as of Mar 25, the value is 21.11. This value is within the healthy range. It has decreased from 21.92 (Mar 24) to 21.11, marking a decrease of 0.81.
  • For Book Value[Excl.RevalReserv]/Share (Rs.), as of Mar 25, the value is 154.62. It has increased from 145.94 (Mar 24) to 154.62, marking an increase of 8.68.
  • For Book Value[Incl.RevalReserv]/Share (Rs.), as of Mar 25, the value is 154.62. It has increased from 145.94 (Mar 24) to 154.62, marking an increase of 8.68.
  • For Revenue From Operations / Share (Rs.), as of Mar 25, the value is 200.58. It has increased from 175.79 (Mar 24) to 200.58, marking an increase of 24.79.
  • For PBDIT / Share (Rs.), as of Mar 25, the value is 27.99. This value is within the healthy range. It has increased from 27.17 (Mar 24) to 27.99, marking an increase of 0.82.
  • For PBIT / Share (Rs.), as of Mar 25, the value is 16.01. This value is within the healthy range. It has decreased from 16.74 (Mar 24) to 16.01, marking a decrease of 0.73.
  • For PBT / Share (Rs.), as of Mar 25, the value is 8.47. This value is within the healthy range. It has decreased from 10.91 (Mar 24) to 8.47, marking a decrease of 2.44.
  • For Net Profit / Share (Rs.), as of Mar 25, the value is 9.13. This value is within the healthy range. It has decreased from 11.49 (Mar 24) to 9.13, marking a decrease of 2.36.
  • For NP After MI And SOA / Share (Rs.), as of Mar 25, the value is 9.13. This value is within the healthy range. It has decreased from 11.49 (Mar 24) to 9.13, marking a decrease of 2.36.
  • For PBDIT Margin (%), as of Mar 25, the value is 13.95. This value is within the healthy range. It has decreased from 15.45 (Mar 24) to 13.95, marking a decrease of 1.50.
  • For PBIT Margin (%), as of Mar 25, the value is 7.98. This value is below the healthy minimum of 10. It has decreased from 9.52 (Mar 24) to 7.98, marking a decrease of 1.54.
  • For PBT Margin (%), as of Mar 25, the value is 4.22. This value is below the healthy minimum of 10. It has decreased from 6.20 (Mar 24) to 4.22, marking a decrease of 1.98.
  • For Net Profit Margin (%), as of Mar 25, the value is 4.55. This value is below the healthy minimum of 5. It has decreased from 6.53 (Mar 24) to 4.55, marking a decrease of 1.98.
  • For NP After MI And SOA Margin (%), as of Mar 25, the value is 4.55. This value is below the healthy minimum of 8. It has decreased from 6.53 (Mar 24) to 4.55, marking a decrease of 1.98.
  • For Return on Networth / Equity (%), as of Mar 25, the value is 5.90. This value is below the healthy minimum of 15. It has decreased from 7.87 (Mar 24) to 5.90, marking a decrease of 1.97.
  • For Return on Capital Employeed (%), as of Mar 25, the value is 7.58. This value is below the healthy minimum of 10. It has decreased from 8.62 (Mar 24) to 7.58, marking a decrease of 1.04.
  • For Return On Assets (%), as of Mar 25, the value is 2.97. This value is below the healthy minimum of 5. It has decreased from 4.33 (Mar 24) to 2.97, marking a decrease of 1.36.
  • For Long Term Debt / Equity (X), as of Mar 25, the value is 0.33. This value is within the healthy range. It has increased from 0.28 (Mar 24) to 0.33, marking an increase of 0.05.
  • For Total Debt / Equity (X), as of Mar 25, the value is 0.67. This value is within the healthy range. It has increased from 0.60 (Mar 24) to 0.67, marking an increase of 0.07.
  • For Asset Turnover Ratio (%), as of Mar 25, the value is 0.70. There is no change compared to the previous period (Mar 24) which recorded 0.70.
  • For Current Ratio (X), as of Mar 25, the value is 0.83. This value is below the healthy minimum of 1.5. It has decreased from 0.95 (Mar 24) to 0.83, marking a decrease of 0.12.
  • For Quick Ratio (X), as of Mar 25, the value is 0.41. This value is below the healthy minimum of 1. It has decreased from 0.50 (Mar 24) to 0.41, marking a decrease of 0.09.
  • For Inventory Turnover Ratio (X), as of Mar 25, the value is 5.56. This value is within the healthy range. It has increased from 3.44 (Mar 24) to 5.56, marking an increase of 2.12.
  • For Dividend Payout Ratio (NP) (%), as of Mar 25, the value is 10.95. This value is below the healthy minimum of 20. It has decreased from 13.05 (Mar 24) to 10.95, marking a decrease of 2.10.
  • For Dividend Payout Ratio (CP) (%), as of Mar 25, the value is 4.73. This value is below the healthy minimum of 20. It has decreased from 6.84 (Mar 24) to 4.73, marking a decrease of 2.11.
  • For Earning Retention Ratio (%), as of Mar 25, the value is 89.05. This value exceeds the healthy maximum of 70. It has increased from 86.95 (Mar 24) to 89.05, marking an increase of 2.10.
  • For Cash Earning Retention Ratio (%), as of Mar 25, the value is 95.27. This value exceeds the healthy maximum of 70. It has increased from 93.16 (Mar 24) to 95.27, marking an increase of 2.11.
  • For Interest Coverage Ratio (X), as of Mar 25, the value is 3.68. This value is within the healthy range. It has decreased from 4.66 (Mar 24) to 3.68, marking a decrease of 0.98.
  • For Interest Coverage Ratio (Post Tax) (X), as of Mar 25, the value is 2.19. This value is below the healthy minimum of 3. It has decreased from 2.97 (Mar 24) to 2.19, marking a decrease of 0.78.
  • For Enterprise Value (Cr.), as of Mar 25, the value is 17,651.09. It has decreased from 27,209.99 (Mar 24) to 17,651.09, marking a decrease of 9,558.90.
  • For EV / Net Operating Revenue (X), as of Mar 25, the value is 2.43. This value is within the healthy range. It has decreased from 4.27 (Mar 24) to 2.43, marking a decrease of 1.84.
  • For EV / EBITDA (X), as of Mar 25, the value is 17.40. This value exceeds the healthy maximum of 15. It has decreased from 27.62 (Mar 24) to 17.40, marking a decrease of 10.22.
  • For MarketCap / Net Operating Revenue (X), as of Mar 25, the value is 1.95. This value is within the healthy range. It has decreased from 3.79 (Mar 24) to 1.95, marking a decrease of 1.84.
  • For Retention Ratios (%), as of Mar 25, the value is 89.04. This value exceeds the healthy maximum of 70. It has increased from 86.94 (Mar 24) to 89.04, marking an increase of 2.10.
  • For Price / BV (X), as of Mar 25, the value is 2.53. This value is within the healthy range. It has decreased from 4.57 (Mar 24) to 2.53, marking a decrease of 2.04.
  • For Price / Net Operating Revenue (X), as of Mar 25, the value is 1.95. This value is within the healthy range. It has decreased from 3.79 (Mar 24) to 1.95, marking a decrease of 1.84.
  • For EarningsYield, as of Mar 25, the value is 0.02. This value is below the healthy minimum of 5. It has increased from 0.01 (Mar 24) to 0.02, marking an increase of 0.01.

Overall, while many metrics show healthy performance, any figures highlighted in red or significant downward trends warrant further investigation.

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of Aarti Industries Ltd as of March 1, 2026 is: ₹333.81

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

As of March 1, 2026, Aarti Industries Ltd is Overvalued by 25.32% compared to the current share price ₹447.00

Intrinsic Value of Aarti Industries Ltd as of March 1, 2026 is: ₹265.60

Calculation basis:

  • Intrinsic value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
  • EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the intrinsic value of the stock by analyzing its fundamental indicators along with EPS growth.

As of March 1, 2026, Aarti Industries Ltd is Overvalued by 40.58% compared to the current share price ₹447.00

Last 5 Year EPS CAGR: -20.44%

*Investments are subject to market risks

Strength and Weakness

StrengthWeakness
  1. The stock has a high average ROCE of 15.25%, which is a positive sign.
  2. The stock has a low average Working Capital Days of -10.50, which is a positive sign.
  3. The company has higher reserves (3,060.46 cr) compared to borrowings (2,421.08 cr), indicating strong financial stability.
  4. The company has shown consistent growth in sales (4.46 cr) and profit (406.69 cr) over the years.
  1. The stock has a high average Cash Conversion Cycle of 127.50, which may not be favorable.

Stock Analysis

  • Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in Aarti Industries Ltd:
    1. Net Profit Margin: 4.55%
      • Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
    2. ROCE: 7.58% (Industry Average ROCE: 12.99%)
      • ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
    3. ROE%: 5.9% (Industry Average ROE: 25.41%)
      • ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
    4. Interest Coverage Ratio (Post Tax): 2.19
      • Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
    5. Quick Ratio: 0.41
      • Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
    6. Stock P/E: 43.7 (Industry average Stock P/E: 82.92)
      • Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
    7. Total Debt / Equity: 0.67
      • Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
    The current analysis is available for review. It's important to conduct thorough research and consider consulting with financial professionals before making any investment decisions.
    Stock Rating:

About the Company - Qualitative Analysis

Aarti Industries Ltd. is a Public Limited Listed company incorporated on 28/09/1984 and has its registered office in the State of Gujarat, India. Company's Corporate Identification Number(CIN) is L24110GJ1984PLC007301 and registration number is 007301. Currently Company is involved in the business activities of Manufacture of basic chemicals, fertilizer and nitrogen compounds, plastics and synthetic rubber in primary forms. Company's Total Operating Revenue is Rs. 7304.21 Cr. and Equity Capital is Rs. 181.25 Cr. for the Year ended 31/03/2025.
INDUSTRYADDRESSCONTACT
Chemicals - Speciality - OthersPlot Nos. 801, 801/23, G.I.D.C. Estate, Valsad District Gujarat 396195Contact not found
Management
NamePosition Held
Mr. Chandrakant Vallabhaji GogriChairman Emeritus
Mr. Rajendra Vallabhaji GogriChairman & Managing Director
Mr. Rashesh Chandrakant GogriVice Chairman & Mng.Director
Mr. Renil Rajendra GogriVice Chairman & Exe.Director
Mr. Suyog Kalyanji KotechaExecutive Director & CEO
Mr. Manoj Mulji ChhedaExecutive Director
Mr. Ajay Kumar GuptaExecutive Director
Mrs. Hetal Gogri GalaNon Executive Director
Mr. Lalitkumar Shantaram NaikIndependent Director
Prof. Aniruddha Bhalchandra PanditIndependent Director
Mr. Shekhar Shreedhar KhanolkarIndependent Director
Mr. Belur Krishnamurthy SethuramIndependent Director
Mr. Nikhil Jaysinh BhatiaIndependent Director
Mr. Ashok Kumar BaratIndependent Director
Mrs. Rupa Devi SinghIndependent Director

FAQ

What is the intrinsic value of Aarti Industries Ltd?

Aarti Industries Ltd's intrinsic value (as of 28 February 2026) is ₹265.60 which is 40.58% lower the current market price of ₹447.00, indicating overvalued. Calculated using the PE ratio method, this valuation considers the company's ₹16,222 Cr. market cap, FY2025-2026 high/low of ₹495/338, reserves of ₹5,531 Cr, and liabilities of ₹11,702 Cr.

What is the Market Cap of Aarti Industries Ltd?

The Market Cap of Aarti Industries Ltd is 16,222 Cr..

What is the current Stock Price of Aarti Industries Ltd as on 28 February 2026?

The current stock price of Aarti Industries Ltd as on 28 February 2026 is ₹447.

What is the High / Low of Aarti Industries Ltd stocks in FY 2025-2026?

In FY 2025-2026, the High / Low of Aarti Industries Ltd stocks is ₹495/338.

What is the Stock P/E of Aarti Industries Ltd?

The Stock P/E of Aarti Industries Ltd is 43.7.

What is the Book Value of Aarti Industries Ltd?

The Book Value of Aarti Industries Ltd is 158.

What is the Dividend Yield of Aarti Industries Ltd?

The Dividend Yield of Aarti Industries Ltd is 0.22 %.

What is the ROCE of Aarti Industries Ltd?

The ROCE of Aarti Industries Ltd is 6.32 %.

What is the ROE of Aarti Industries Ltd?

The ROE of Aarti Industries Ltd is 6.03 %.

What is the Face Value of Aarti Industries Ltd?

The Face Value of Aarti Industries Ltd is 5.00.

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 Aarti Industries 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
Explore Industry-wise Stock Analysis Reports