Share Price and Basic Stock Data
Last Updated: November 15, 2025, 1:47 pm
| PEG Ratio | -2.16 |
|---|
Analyst Insight & Comprehensive Analysis
Business Overview and Revenue Trends
Aarti Industries Ltd operates in the specialty chemicals sector, focusing on a diverse range of products. As of the latest reporting period, the company recorded sales of ₹6,619 Cr for FY 2023, which saw a decline to ₹6,371 Cr in FY 2024 before rebounding to ₹7,271 Cr in FY 2025. The trailing twelve months (TTM) sales stood at ₹7,095 Cr, indicating a volatile yet upward trend in revenue. Quarterly sales figures also reveal fluctuations, with a peak of ₹1,949 Cr in March 2025, while the lowest quarterly sales were ₹1,414 Cr in June 2023. The operational efficiency is reflected in the operating profit margin (OPM), which averaged around 14% to 16% over the past year but dipped to 13% in the latest fiscal year. This suggests that while revenues may have grown, the cost structure has been a concern, requiring close monitoring. Overall, Aarti Industries demonstrates resilience in its revenue generation, albeit with the necessity for improved cost management to sustain long-term growth.
Profitability and Efficiency Metrics
The profitability of Aarti Industries has faced challenges, as evidenced by the net profit of ₹545 Cr in FY 2023, which declined to ₹416 Cr in FY 2024, before stabilizing at ₹331 Cr in FY 2025. The return on equity (ROE) stood at 6.03%, while the return on capital employed (ROCE) was slightly better at 6.32%. These figures are below the typical industry averages, indicating potential inefficiencies in utilizing equity and capital. The operating profit margin (OPM) has also shown a downward trend, averaging around 14% to 16% recently, which is modest compared to sector leaders. The cash conversion cycle (CCC) has improved significantly, standing at 58 days, which reflects better efficiency in managing working capital. However, the interest coverage ratio (ICR) of 3.68x suggests that the company is relatively capable of covering its interest obligations, although the rising borrowings of ₹3,848 Cr may pose future risks to profitability should revenues not maintain their upward trajectory.
Balance Sheet Strength and Financial Ratios
Aarti Industries maintains a balance sheet that reflects both strengths and weaknesses. Total assets increased to ₹11,114 Cr in FY 2025, supported by reserves of ₹5,424 Cr and borrowings of ₹3,848 Cr. The total debt-to-equity ratio stood at 0.67, indicating a moderate level of leverage, which is manageable yet notable when considering the company’s profitability metrics. The current ratio was recorded at 0.83, suggesting potential liquidity concerns, as it is below the typical benchmark of 1.0, indicating that current liabilities exceed current assets. Furthermore, the book value per share increased to ₹154.62, providing some reassurance to shareholders about the company’s tangible value. However, the declining return on capital employed (ROCE) of 6% raises questions about the efficiency of asset utilization. Overall, while Aarti Industries exhibits substantial assets and reserves, its financial ratios indicate areas that require strategic improvement.
Shareholding Pattern and Investor Confidence
The shareholding pattern of Aarti Industries illustrates a stable yet evolving landscape of investor confidence. As of March 2025, promoters held 42.24% of the company, showing a slight decline from 44.15% in December 2022. Foreign institutional investors (FIIs) have decreased their stake from 12.05% to 6.29% during the same period, indicating a reduction in foreign interest. Conversely, domestic institutional investors (DIIs) increased their holdings from 14.54% to 19.96%, reflecting growing confidence from local institutions despite the overall decline in promoter and foreign stakes. The public shareholding rose to 33.20%, with the total number of shareholders reaching 4,28,931. This shift could signify a more robust retail investor base, although the declining promoter and FII stakes may raise concerns about long-term governance and market perception. The evolving shareholding dynamics suggest that while domestic confidence is rising, external investor sentiment may be more cautious.
Outlook, Risks, and Final Insight
Looking ahead, Aarti Industries faces both opportunities and challenges. The company’s ability to sustain revenue growth will be crucial, especially with the recent uptick in sales to ₹7,271 Cr for FY 2025. However, profitability concerns linger, as indicated by the declining net profit and ROE metrics. Key strengths include a strong asset base and improving operational efficiency, particularly in managing the cash conversion cycle. Risks include rising borrowings, which could strain future cash flows, and a potential decline in investor confidence due to decreasing FII stakes. Furthermore, the competitive landscape in the specialty chemicals sector may exert pressure on margins. Should the company successfully address its cost management and leverage concerns, it could enhance its profitability and investor sentiment significantly. Conversely, failure to do so may hinder its growth trajectory, necessitating a strategic reevaluation of its operational and financial strategies.
Source: Getaka Fundamental Analysis | Generated using proprietary financial data.
Competitors of Aarti Industries Ltd
| Stock Name ⇩ | Market Cap ⇩ | Current Price ⇩ | High / Low ⇩ | Stock P/E ⇩ | Book Value ⇩ | Dividend Yield ⇩ | ROCE ⇩ | ROE ⇩ | Face Value ⇩ |
|---|---|---|---|---|---|---|---|---|---|
| HP Adhesives Ltd | 438 Cr. | 47.6 | 86.7/42.6 | 27.2 | 20.5 | 0.84 % | 13.6 % | 9.82 % | 2.00 |
| Haryana Leather Chemicals Ltd | 36.6 Cr. | 74.5 | 103/56.0 | 17.5 | 89.6 | 1.34 % | 8.02 % | 5.45 % | 10.0 |
| Hardcastle & Waud Mfg Co Ltd | 48.4 Cr. | 712 | 988/0.00 | 22.3 | 697 | 0.00 % | 6.31 % | 2.91 % | 10.0 |
| Grauer & Weil (India) Ltd | 3,702 Cr. | 81.6 | 111/78.0 | 24.5 | 22.0 | 0.61 % | 23.3 % | 17.6 % | 1.00 |
| DMCC Speciality Chemicals Ltd | 709 Cr. | 284 | 453/241 | 25.4 | 93.8 | 0.88 % | 14.1 % | 9.97 % | 10.0 |
| Industry Average | 12,799.08 Cr | 738.54 | 64.23 | 182.82 | 0.41% | 12.99% | 25.41% | 6.41 |
Quarterly Result
| Metric | Jun 2022 | Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 1,610 | 1,685 | 1,668 | 1,656 | 1,414 | 1,454 | 1,732 | 1,773 | 1,851 | 1,628 | 1,843 | 1,949 | 1,675 |
| Expenses | 1,326 | 1,418 | 1,379 | 1,403 | 1,214 | 1,221 | 1,473 | 1,489 | 1,546 | 1,431 | 1,608 | 1,687 | 1,463 |
| Operating Profit | 284 | 267 | 289 | 253 | 200 | 233 | 259 | 284 | 305 | 197 | 235 | 262 | 212 |
| OPM % | 18% | 16% | 17% | 15% | 14% | 16% | 15% | 16% | 16% | 12% | 13% | 13% | 13% |
| Other Income | 0 | 0 | 0 | 0 | 0 | 0 | 8 | -1 | 6 | 7 | 1 | 3 | 4 |
| Interest | 45 | 44 | 47 | 33 | 40 | 58 | 54 | 59 | 64 | 62 | 85 | 64 | 60 |
| Depreciation | 72 | 73 | 82 | 84 | 89 | 93 | 97 | 98 | 102 | 108 | 111 | 113 | 114 |
| Profit before tax | 167 | 150 | 160 | 136 | 71 | 82 | 116 | 126 | 145 | 34 | 40 | 88 | 42 |
| Tax % | 19% | 17% | 15% | -10% | 1% | -11% | -7% | -5% | 6% | -53% | -15% | -9% | -2% |
| Net Profit | 136 | 124 | 137 | 149 | 70 | 91 | 124 | 132 | 137 | 52 | 46 | 96 | 43 |
| EPS in Rs | 3.75 | 3.42 | 3.77 | 4.11 | 1.93 | 2.51 | 3.42 | 3.64 | 3.78 | 1.43 | 1.27 | 2.65 | 1.19 |
Last Updated: August 20, 2025, 2:25 pm
Below is a detailed analysis of the quarterly data for Aarti Industries Ltd based on the most recent figures (Jun 2025) and their trends compared to the previous period:
- For Sales, as of Jun 2025, the value is 1,675.00 Cr.. The value appears to be declining and may need further review. It has decreased from 1,949.00 Cr. (Mar 2025) to 1,675.00 Cr., marking a decrease of 274.00 Cr..
- For Expenses, as of Jun 2025, the value is 1,463.00 Cr.. The value appears to be improving (decreasing) as expected. It has decreased from 1,687.00 Cr. (Mar 2025) to 1,463.00 Cr., marking a decrease of 224.00 Cr..
- For Operating Profit, as of Jun 2025, the value is 212.00 Cr.. The value appears to be declining and may need further review. It has decreased from 262.00 Cr. (Mar 2025) to 212.00 Cr., marking a decrease of 50.00 Cr..
- For OPM %, as of Jun 2025, the value is 13.00%. The value remains steady. There is no change compared to the previous period (Mar 2025) which recorded 13.00%.
- For Other Income, as of Jun 2025, the value is 4.00 Cr.. The value appears strong and on an upward trend. It has increased from 3.00 Cr. (Mar 2025) to 4.00 Cr., marking an increase of 1.00 Cr..
- For Interest, as of Jun 2025, the value is 60.00 Cr.. The value appears to be improving (decreasing) as expected. It has decreased from 64.00 Cr. (Mar 2025) to 60.00 Cr., marking a decrease of 4.00 Cr..
- For Depreciation, as of Jun 2025, the value is 114.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 113.00 Cr. (Mar 2025) to 114.00 Cr., marking an increase of 1.00 Cr..
- For Profit before tax, as of Jun 2025, the value is 42.00 Cr.. The value appears to be declining and may need further review. It has decreased from 88.00 Cr. (Mar 2025) to 42.00 Cr., marking a decrease of 46.00 Cr..
- For Tax %, as of Jun 2025, the value is -2.00%. The value appears to be increasing, which may not be favorable. It has increased from -9.00% (Mar 2025) to -2.00%, marking an increase of 7.00%.
- For Net Profit, as of Jun 2025, the value is 43.00 Cr.. The value appears to be declining and may need further review. It has decreased from 96.00 Cr. (Mar 2025) to 43.00 Cr., marking a decrease of 53.00 Cr..
- For EPS in Rs, as of Jun 2025, the value is 1.19. The value appears to be declining and may need further review. It has decreased from 2.65 (Mar 2025) to 1.19, marking a decrease of 1.46.
Overall, while many items appear to show a positive trend, any significant downward movement warrant further investigation.
Profit & Loss - Annual Report
Last Updated: November 15, 2025, 5:51 am
| Metric | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 2,619 | 2,890 | 3,006 | 3,163 | 3,806 | 4,168 | 4,186 | 4,506 | 6,086 | 6,619 | 6,371 | 7,271 | 7,567 |
| Expenses | 2,217 | 2,424 | 2,434 | 2,509 | 3,106 | 3,202 | 3,209 | 3,525 | 4,365 | 5,530 | 5,393 | 6,271 | 6,567 |
| Operating Profit | 402 | 466 | 572 | 654 | 700 | 965 | 977 | 982 | 1,720 | 1,089 | 978 | 1,000 | 1,000 |
| OPM % | 15% | 16% | 19% | 21% | 18% | 23% | 23% | 22% | 28% | 16% | 15% | 14% | 13% |
| Other Income | 11 | 9 | 6 | 2 | 7 | 2 | 9 | 1 | 1 | 1 | 7 | 16 | 30 |
| Interest | 118 | 138 | 117 | 117 | 132 | 183 | 125 | 86 | 102 | 168 | 211 | 275 | 309 |
| Depreciation | 89 | 82 | 98 | 123 | 146 | 163 | 185 | 231 | 246 | 310 | 378 | 434 | 458 |
| Profit before tax | 206 | 255 | 363 | 416 | 429 | 622 | 676 | 665 | 1,372 | 611 | 395 | 307 | 263 |
| Tax % | 26% | 24% | 26% | 21% | 19% | 19% | 19% | 19% | 14% | 11% | -5% | -8% | |
| Net Profit | 163 | 208 | 268 | 328 | 346 | 504 | 547 | 535 | 1,186 | 545 | 416 | 331 | 291 |
| EPS in Rs | 4.58 | 5.81 | 7.71 | 9.62 | 10.24 | 14.18 | 15.39 | 15.02 | 32.71 | 15.04 | 11.49 | 9.13 | 8.03 |
| Dividend Payout % | 25% | 24% | 28% | 3% | 2% | 19% | 11% | 10% | 11% | 17% | 9% | 11% |
YoY Net Profit Growth
| Year | 2014-2015 | 2015-2016 | 2016-2017 | 2017-2018 | 2018-2019 | 2019-2020 | 2020-2021 | 2021-2022 | 2022-2023 | 2023-2024 | 2024-2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 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: November 9, 2025, 1:33 pm
| Month | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 44 | 44 | 42 | 41 | 41 | 43 | 87 | 87 | 181 | 181 | 181 | 181 | 181 |
| Reserves | 826 | 972 | 1,096 | 1,321 | 1,538 | 2,587 | 2,892 | 3,416 | 4,335 | 4,739 | 5,109 | 5,424 | 5,531 |
| Borrowings | 1,039 | 1,202 | 1,292 | 1,564 | 2,083 | 2,401 | 2,098 | 2,857 | 2,587 | 2,907 | 3,623 | 3,848 | 3,973 |
| Other Liabilities | 760 | 719 | 538 | 573 | 730 | 826 | 1,256 | 1,282 | 748 | 754 | 1,203 | 1,661 | 2,017 |
| Total Liabilities | 2,670 | 2,938 | 2,966 | 3,499 | 4,391 | 5,858 | 6,332 | 7,642 | 7,851 | 8,581 | 10,115 | 11,114 | 11,702 |
| Fixed Assets | 826 | 967 | 1,246 | 1,697 | 1,998 | 2,147 | 2,468 | 3,593 | 3,595 | 4,861 | 5,649 | 6,377 | 6,586 |
| CWIP | 117 | 193 | 313 | 270 | 436 | 795 | 1,418 | 1,298 | 1,346 | 1,096 | 1,229 | 1,454 | 1,596 |
| Investments | 117 | 139 | 41 | 47 | 47 | 33 | 37 | 64 | 28 | 17 | 23 | 48 | 81 |
| Other Assets | 1,609 | 1,639 | 1,366 | 1,486 | 1,910 | 2,884 | 2,409 | 2,688 | 2,882 | 2,607 | 3,214 | 3,235 | 3,439 |
| Total Assets | 2,670 | 2,938 | 2,966 | 3,499 | 4,391 | 5,858 | 6,332 | 7,642 | 7,851 | 8,581 | 10,115 | 11,114 | 11,702 |
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.
Cash Flow - No data available for this post.
Free Cash Flow
| Month | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Free Cash Flow | 401.00 | 465.00 | 571.00 | 653.00 | 698.00 | 963.00 | 975.00 | 980.00 | -1.00 | -1.00 | 975.00 | -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.
Financial Efficiency Indicators
| Month | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 62 | 55 | 64 | 61 | 63 | 68 | 66 | 64 | 65 | 52 | 49 | 39 |
| Inventory Days | 147 | 123 | 108 | 136 | 144 | 152 | 174 | 190 | 143 | 115 | 121 | 126 |
| Days Payable | 90 | 55 | 67 | 71 | 69 | 55 | 72 | 117 | 53 | 24 | 76 | 107 |
| Cash Conversion Cycle | 119 | 123 | 105 | 125 | 138 | 165 | 168 | 137 | 155 | 143 | 94 | 58 |
| Working Capital Days | 3 | 10 | 10 | -4 | 6 | -14 | -14 | -36 | 22 | -29 | -36 | -44 |
| ROCE % | 18% | 19% | 20% | 19% | 16% | 18% | 15% | 13% | 22% | 10% | 7% | 6% |
Mutual Fund Holdings
| Fund Name | No of Shares | AUM (%) | Amount Invested (Cr) | Previous Number of Shares | Previous Date | Percentage Change |
|---|---|---|---|---|---|---|
| HDFC Mid-Cap Opportunities Fund - Regular Plan | 7,931,125 | 0.66 | 497.32 | 7,931,125 | 2025-04-22 13:31:13 | 0% |
| PGIM India Midcap Opportunities Fund | 2,064,983 | 1.13 | 129.48 | 2,064,983 | 2025-04-22 17:25:44 | 0% |
| ICICI Prudential Manufacturing Fund | 1,517,001 | 1.41 | 95.12 | 1,517,001 | 2025-04-22 17:25:44 | 0% |
| Nippon India Small Cap Fund | 1,335,808 | 0.14 | 83.76 | 1,335,808 | 2025-04-22 17:25:44 | 0% |
| UTI Mid Cap Fund | 1,316,066 | 0.65 | 82.52 | 1,316,066 | 2025-04-22 17:25:44 | 0% |
| ICICI Prudential Equity - Arbitrage Fund | 1,273,000 | 0.33 | 79.82 | 1,273,000 | 2025-04-22 17:25:44 | 0% |
| ICICI Prudential India Opportunities Fund | 1,211,673 | 0.32 | 75.98 | 1,211,673 | 2025-04-22 17:25:44 | 0% |
| PGIM India Flexi Cap Fund | 1,082,312 | 1.03 | 67.87 | 1,082,312 | 2025-04-22 17:25:44 | 0% |
| Kotak Equity Arbitrage Fund - Regular Plan | 923,000 | 0.11 | 57.88 | 923,000 | 2025-04-22 17:25:44 | 0% |
| Axis Small Cap Fund | 785,001 | 0.21 | 49.22 | 785,001 | 2025-04-22 17:25:44 | 0% |
Key Financial Ratios
| Month | Mar 25 | Mar 24 | Mar 23 | Mar 22 | Mar 21 |
|---|---|---|---|---|---|
| FaceValue | 5.00 | 5.00 | 5.00 | 5.00 | 5.00 |
| Basic EPS (Rs.) | 9.13 | 11.49 | 15.04 | 32.71 | 30.04 |
| Diluted EPS (Rs.) | 9.12 | 11.49 | 15.04 | 32.71 | 30.04 |
| Cash EPS (Rs.) | 21.11 | 21.92 | 23.60 | 39.51 | 43.99 |
| Book Value[Excl.RevalReserv]/Share (Rs.) | 154.62 | 145.94 | 135.75 | 124.60 | 201.71 |
| Book Value[Incl.RevalReserv]/Share (Rs.) | 154.62 | 145.94 | 135.75 | 124.60 | 201.74 |
| Revenue From Operations / Share (Rs.) | 200.58 | 175.79 | 182.58 | 167.88 | 258.61 |
| PBDIT / Share (Rs.) | 27.99 | 27.17 | 30.06 | 47.47 | 56.37 |
| PBIT / Share (Rs.) | 16.01 | 16.74 | 21.50 | 40.67 | 43.10 |
| PBT / Share (Rs.) | 8.47 | 10.91 | 16.86 | 37.85 | 38.14 |
| Net Profit / Share (Rs.) | 9.13 | 11.49 | 15.04 | 32.71 | 30.72 |
| NP After MI And SOA / Share (Rs.) | 9.13 | 11.49 | 15.04 | 32.71 | 30.04 |
| PBDIT Margin (%) | 13.95 | 15.45 | 16.46 | 28.27 | 21.79 |
| PBIT Margin (%) | 7.98 | 9.52 | 11.77 | 24.22 | 16.66 |
| PBT Margin (%) | 4.22 | 6.20 | 9.23 | 22.54 | 14.74 |
| Net Profit Margin (%) | 4.55 | 6.53 | 8.23 | 19.48 | 11.87 |
| NP After MI And SOA Margin (%) | 4.55 | 6.53 | 8.23 | 19.48 | 11.61 |
| Return on Networth / Equity (%) | 5.90 | 7.87 | 11.08 | 26.25 | 14.94 |
| Return on Capital Employeed (%) | 7.58 | 8.62 | 13.44 | 25.93 | 14.32 |
| Return On Assets (%) | 2.97 | 4.33 | 6.35 | 15.10 | 6.85 |
| Long Term Debt / Equity (X) | 0.33 | 0.28 | 0.12 | 0.20 | 0.36 |
| Total Debt / Equity (X) | 0.67 | 0.60 | 0.58 | 0.56 | 0.71 |
| Asset Turnover Ratio (%) | 0.70 | 0.70 | 0.80 | 0.78 | 0.62 |
| Current Ratio (X) | 0.83 | 0.95 | 0.88 | 1.25 | 0.98 |
| Quick Ratio (X) | 0.41 | 0.50 | 0.51 | 0.81 | 0.59 |
| Inventory Turnover Ratio (X) | 5.56 | 3.44 | 3.52 | 2.99 | 2.21 |
| Dividend Payout Ratio (NP) (%) | 10.95 | 13.05 | 16.62 | 10.70 | 8.91 |
| Dividend Payout Ratio (CP) (%) | 4.73 | 6.84 | 10.59 | 8.85 | 6.18 |
| Earning Retention Ratio (%) | 89.05 | 86.95 | 83.38 | 89.30 | 91.09 |
| Cash Earning Retention Ratio (%) | 95.27 | 93.16 | 89.41 | 91.15 | 93.82 |
| Interest Coverage Ratio (X) | 3.68 | 4.66 | 6.48 | 16.82 | 11.37 |
| Interest Coverage Ratio (Post Tax) (X) | 2.19 | 2.97 | 4.24 | 12.59 | 7.20 |
| Enterprise Value (Cr.) | 17651.09 | 27209.99 | 21458.77 | 37059.19 | 25031.61 |
| EV / Net Operating Revenue (X) | 2.43 | 4.27 | 3.24 | 6.09 | 5.55 |
| EV / EBITDA (X) | 17.40 | 27.62 | 19.69 | 21.54 | 25.48 |
| MarketCap / Net Operating Revenue (X) | 1.95 | 3.79 | 2.84 | 5.70 | 5.09 |
| Retention Ratios (%) | 89.04 | 86.94 | 83.37 | 89.29 | 91.08 |
| Price / BV (X) | 2.53 | 4.57 | 3.82 | 7.68 | 6.55 |
| Price / Net Operating Revenue (X) | 1.95 | 3.79 | 2.84 | 5.70 | 5.09 |
| EarningsYield | 0.02 | 0.01 | 0.02 | 0.03 | 0.02 |
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.
Strength and Weakness
| Strength | Weakness |
|---|---|
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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:
- 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.
- 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.
- 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.
- 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.
- 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.
- Stock P/E: 53 (Industry average Stock P/E: 64.23)
- 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.
- 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.
Stock Rating: - Net Profit Margin: 4.55%
About the Company - Qualitative Analysis
| INDUSTRY | ADDRESS | CONTACT |
|---|---|---|
| Chemicals - Speciality - Others | Plot Nos. 801, 801/23, G.I.D.C. Estate, Valsad District Gujarat 396195 | investorrelations@aarti-industries.com http://www.aarti-industries.com |
| Management | |
|---|---|
| Name | Position Held |
| Mr. Chandrakant Vallabhaji Gogri | Chairman Emeritus |
| Mr. Rajendra Vallabhaji Gogri | Chairman & Managing Director |
| Mr. Rashesh Chandrakant Gogri | Vice Chairman & Mng.Director |
| Mr. Renil Rajendra Gogri | Vice Chairman & Exe.Director |
| Mr. Suyog Kalyanji Kotecha | Executive Director & CEO |
| Mr. Manoj Mulji Chheda | Executive Director |
| Mr. Ajay Kumar Gupta | Executive Director |
| Mrs. Hetal Gogri Gala | Non Executive Director |
| Mr. Lalitkumar Shantaram Naik | Independent Director |
| Prof. Aniruddha Bhalchandra Pandit | Independent Director |
| Mr. Shekhar Shreedhar Khanolkar | Independent Director |
| Mr. Belur Krishnamurthy Sethuram | Independent Director |
| Mr. Nikhil Jaysinh Bhatia | Independent Director |
| Mr. Ashok Kumar Barat | Independent Director |
| Mrs. Rupa Devi Singh | Independent Director |
FAQ
What is the intrinsic value of Aarti Industries Ltd?
Aarti Industries Ltd's intrinsic value (as of 16 November 2025) is 404.97 which is 3.05% higher the current market price of 393.00, indicating undervalued. Calculated using the PE ratio method, this valuation considers the company's 14,250 Cr. market cap, FY2025-2026 high/low of 495/344, 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 14,250 Cr..
What is the current Stock Price of Aarti Industries Ltd as on 16 November 2025?
The current stock price of Aarti Industries Ltd as on 16 November 2025 is 393.
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 495/344.
What is the Stock P/E of Aarti Industries Ltd?
The Stock P/E of Aarti Industries Ltd is 53.0.
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 0.25 %.
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.