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Last Updated: April 2, 2026, 2:37 am
Author: Getaka|Social: XLinkedIn
Stock Ticker - BSE: 532935 | NSE: ARIES

Aries Agro Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹247.77Overvalued by 27.34%vs CMP ₹341.00

P/E (10.2) × ROE (12.3%) × BV (₹246.00) × DY (0.35%)

₹377.80Undervalued by 10.79%vs CMP ₹341.00
MoS: +9.7% (Thin)Confidence: 43/100 (Low)Models: 4 Under, 2 Fair, 3 Over
ModelCategoryValueWeightSignal
PE-ROEEarnings₹314.2123%Fair (-7.9%)
Graham NumberEarnings₹430.7417%Under (+26.3%)
Earnings PowerEarnings₹77.7911%Over (-77.2%)
DCFCash Flow₹760.5011%Under (+123%)
Net Asset ValueAssets₹246.327%Over (-27.8%)
EV/EBITDAEnterprise₹422.599%Under (+23.9%)
Earnings YieldEarnings₹335.207%Fair (-1.7%)
ROCE CapitalReturns₹519.829%Under (+52.4%)
Revenue MultipleRevenue₹239.396%Over (-29.8%)
Consensus (9 models)₹377.80100%Undervalued
Key Drivers: EPS CAGR 26.8% lifts DCF — verify sustainability. | Wide model spread (₹78–₹761) — high uncertainty.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: 26.8%

*Investments are subject to market risks

Investment Snapshot

67
Aries Agro Ltd scores 67/100 (Average)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health72/100 · Strong
ROCE 18.4% GoodROE 12.3% GoodD/E 0.60 ModerateInterest Coverage 0.0x RiskyProfitable 5/5 years Consistent
Smart Money50/100 · Moderate
FII holding stable No changePromoter holding at 52.7% Stable
Earnings Quality50/100 · Moderate
OPM stable around 11% Steady
Quarterly Momentum80/100 · Strong
Revenue (4Q): +14% YoY GrowingProfit (4Q): +32% YoY Strong
Industry Rank80/100 · Strong
P/E 10.2 vs industry 192.6 Cheaper than peersROCE 18.4% vs industry 13.0% Above peers3Y sales CAGR: 13% Moderate

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.

Aries Agro 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 10.2 vs Ind 192.6 | ROCE 18.4% | ROE 12.3% | CFO/NP N/A
Balance Sheet Stress
30/100
Comfortable
Derived from: Leverage + debt servicing + liquidity + debt trend
Current data: D/E 0.60x | IntCov 0.0x | Current 1.45x | Borrow/Reserve 0.22x
Cash Flow Reliability
43/100
Mixed
Derived from: Cash backing of earnings + working capital pressure
Current data: CFO ₹0 Cr | NP ₹33 Cr | CFO/NP N/A
Ownership Accumulation
-25
Neutral
Derived from: FII + DII + promoter direction, adjusted by crowding
Current data: FII -0.29 pp | DII 0.00 pp | Prom 0.00 pp
Business Momentum
+100
Stable
Derived from: Latest quarter sales + profit + OPM change
Current data: Q Sales +26.7% | Q NP +100.0% | Q OPM +5.0 pp
Derived FieldValueHow it is derived
Valuation Gap %+10.8%((Fair Value - CMP) / CMP) × 100
Borrowings / Reserves0.22xLatest borrowings divided by latest reserves
CFO / Net ProfitN/ALatest operating cash flow divided by latest net profit
FII Change-0.29 ppLatest FII% minus previous FII%
DII Change0.00 ppLatest DII% minus previous DII%
Promoter Change0.00 ppLatest promoter% minus previous promoter%
Shareholder Count Change-476Latest shareholder count minus previous count
Quarterly Sales Change+26.7%Latest quarter sales vs previous quarter sales
Quarterly Profit Change+100.0%Latest quarter net profit vs previous quarter net profit
Quarterly OPM Change+5.0 ppLatest quarter OPM minus previous quarter OPM

Share Price and Basic Stock Data

Last Updated: April 2, 2026, 2:37 am

Market Cap 443 Cr.
Current Price 341
Intrinsic Value₹377.80
High / Low 460/237
Stock P/E10.2
Book Value 246
Dividend Yield0.35 %
ROCE18.4 %
ROE12.3 %
Face Value 10.0
PEG Ratio0.38

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

View Share Price Target for Aries Agro Ltd

Competitors

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
Aries Agro Ltd 443 Cr. 341 460/23710.2 2460.35 %18.4 %12.3 % 10.0
Nagarjuna Fertilizers & Chemicals Ltd 219 Cr. 3.67 6.54/3.12 15.70.00 %%% 1.00
Sikko Industries Ltd 191 Cr. 4.37 6.83/3.2030.7 1.980.00 %10.7 %7.76 % 1.00
Bharat Agri Fert & Realty Ltd 120 Cr. 22.7 48.0/20.0 9.970.00 %6.14 %14.8 % 1.00
Zuari Agro Chemicals Ltd 826 Cr. 196 395/1662.49 6020.00 %12.7 %9.06 % 10.0
Industry Average9,736.35 Cr342.44192.60185.721.19%13.03%10.58%6.96

All Competitor Stocks of Aries Agro Ltd

Quarterly Result

MetricSep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025
Sales 13813393107158147107135194170128161204
Expenses 1131189395129130108120159149127139166
Operating Profit 2415-0132917-115342212238
OPM % 18%11%-0%12%19%12%-1%11%18%13%1%14%19%
Other Income 0000000000000
Interest 7654945385358
Depreciation 2232222222323
Profit before tax 167-871811-8112415-51428
Tax % 17%28%18%36%31%32%-23%32%22%22%-20%31%29%
Net Profit 145-105128-671911-41020
EPS in Rs 11.053.94-7.213.659.606.01-4.325.5914.518.90-2.847.7115.39

Last Updated: January 2, 2026, 11:30 am

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 23, 2026, 9:50 am

MetricMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales 279278263253291265296381432472516622696
Expenses 221223216210245222254325386424461554606
Operating Profit 58554642464442574748556890
OPM % 21%20%18%17%16%16%14%15%11%10%11%11%13%
Other Income 111-0235049350
Interest 25242523292926262423221917
Depreciation 9101172256688911
Profit before tax 25221212171616252025284462
Tax % 26%13%33%54%46%50%46%30%36%37%35%25%
Net Profit 191985988161216183343
EPS in Rs 12.5012.965.565.438.067.607.4913.8110.2213.1714.9426.1633.52
Dividend Payout % 16%15%27%37%29%24%7%6%8%8%7%5%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-20242024-2025
YoY Net Profit Growth (%)0.00%-57.89%-37.50%80.00%-11.11%0.00%100.00%-25.00%33.33%12.50%83.33%
Change in YoY Net Profit Growth (%)0.00%-57.89%20.39%117.50%-91.11%11.11%100.00%-125.00%58.33%-20.83%70.83%

Aries Agro 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:8%
5 Years:16%
3 Years:13%
TTM:19%
Compounded Profit Growth
10 Years:7%
5 Years:25%
3 Years:36%
TTM:68%
Stock Price CAGR
10 Years:16%
5 Years:40%
3 Years:45%
1 Year:44%
Return on Equity
10 Years:7%
5 Years:9%
3 Years:9%
Last Year:12%

Last Updated: September 4, 2025, 11:30 pm

Balance Sheet

Last Updated: December 10, 2025, 2:23 am

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital 13131313131313131313131313
Reserves 164165159162170176181198211230247277307
Borrowings 178167167137171172150143112100744967
Other Liabilities 9399109137123133143148173177184243272
Total Liabilities 448444448450477494487501509520518581658
Fixed Assets 10087877188954855687596110114
CWIP 1191622141512130021021
Investments 222000595757626367106
Other Assets 335345342357376384368376384382357395417
Total Assets 448444448450477494487501509520518581658

Reserves and Borrowings Chart

Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity + 3138344814445956695477105
Cash from Investing Activity + 2-11-2513-2-10-41-14-13-16-26-34
Cash from Financing Activity + -41-31-9-59-12-36-21-43-56-37-50-45
Net Cash Flow -8-4-020-2-4-001126
Free Cash Flow 32322047436464263394674
CFO/OP 65%80%81%128%46%120%155%111%162%126%155%170%

Free Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow-120.00-112.00-121.00-95.00-125.00-128.00-108.00-86.00-65.00-52.00-19.0019.00

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 173172164206228256143118100918069
Inventory Days 387394412518363478466271234210177150
Days Payable 11711084128165207197101111906660
Cash Conversion Cycle 443457493596426526412288224212191159
Working Capital Days 1391641621861501561301081091089774
ROCE %14%12%10%10%12%12%12%14%13%14%15%18%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Promoters 52.66%52.66%52.66%52.66%52.66%52.66%52.66%52.66%52.66%52.66%52.66%52.66%
FIIs 1.94%1.78%2.10%2.38%3.29%3.08%2.53%3.38%2.98%4.29%3.20%2.91%
DIIs 0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.26%0.00%0.00%
Public 45.40%45.56%45.23%44.96%44.04%44.25%44.81%43.95%44.37%42.79%44.13%44.45%
No. of Shareholders 18,54017,88717,89916,71519,51820,51821,99721,18820,50319,42219,62719,151

Shareholding Pattern Chart

No. of Shareholders

Aries Agro 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 21
FaceValue 10.0010.0010.0010.0010.00
Basic EPS (Rs.) 26.1614.9413.1710.2213.81
Diluted EPS (Rs.) 26.1614.9413.1710.2213.81
Cash EPS (Rs.) 32.9320.1018.2814.4018.16
Book Value[Excl.RevalReserv]/Share (Rs.) 222.68200.20186.75176.71167.32
Book Value[Incl.RevalReserv]/Share (Rs.) 222.68200.20186.75176.71167.32
Revenue From Operations / Share (Rs.) 478.47397.14363.14338.38293.34
PBDIT / Share (Rs.) 55.5844.9143.5138.8643.85
PBIT / Share (Rs.) 48.4038.9637.4834.4138.89
PBT / Share (Rs.) 34.1321.8219.5015.6018.93
Net Profit / Share (Rs.) 25.7514.1512.259.9513.20
NP After MI And SOA / Share (Rs.) 26.1614.9413.178.9213.81
PBDIT Margin (%) 11.6111.3011.9811.4814.94
PBIT Margin (%) 10.119.8110.3210.1713.25
PBT Margin (%) 7.135.495.374.606.45
Net Profit Margin (%) 5.383.563.372.944.50
NP After MI And SOA Margin (%) 5.463.763.622.634.70
Return on Networth / Equity (%) 11.747.467.055.178.52
Return on Capital Employeed (%) 18.1716.6117.2717.3420.94
Return On Assets (%) 5.853.753.292.273.58
Long Term Debt / Equity (X) 0.110.100.080.080.05
Total Debt / Equity (X) 0.150.270.390.470.60
Asset Turnover Ratio (%) 1.130.990.910.890.79
Current Ratio (X) 1.691.681.611.531.45
Quick Ratio (X) 1.121.081.000.940.90
Inventory Turnover Ratio (X) 4.801.301.061.051.27
Dividend Payout Ratio (NP) (%) 3.816.696.070.000.00
Dividend Payout Ratio (CP) (%) 2.994.794.160.000.00
Earning Retention Ratio (%) 96.1993.3193.930.000.00
Cash Earning Retention Ratio (%) 97.0195.2195.840.000.00
Interest Coverage Ratio (X) 3.892.622.422.062.20
Interest Coverage Ratio (Post Tax) (X) 2.801.831.681.531.66
Enterprise Value (Cr.) 344.19383.27287.52286.01231.26
EV / Net Operating Revenue (X) 0.550.740.600.640.60
EV / EBITDA (X) 4.766.565.085.664.06
MarketCap / Net Operating Revenue (X) 0.520.600.400.400.26
Retention Ratios (%) 96.1893.3093.920.000.00
Price / BV (X) 1.141.210.790.790.47
Price / Net Operating Revenue (X) 0.520.600.400.400.26
EarningsYield 0.100.060.080.060.17

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

About the Company - Qualitative Analysis

Aries Agro Ltd. is a Public Limited Listed company incorporated on 27/11/1969 and has its registered office in the State of Maharashtra, India. Company's Corporate Identification Number(CIN) is L99999MH1969PLC014465 and registration number is 014465. Currently Company is involved in the business activities of Manufacture of other fertilizers. Company's Total Operating Revenue is Rs. 597.68 Cr. and Equity Capital is Rs. 13.00 Cr. for the Year ended 31/03/2025.
INDUSTRYADDRESSCONTACT
FertilisersAries House , Mumbai Maharashtra 400043Contact not found
Management
NamePosition Held
Dr. Rahul MirchandaniChairman & Managing Director
Mrs. Nitya MirchandaniNon Exe.Non Ind.Director
Mr. Ramamurthy SundaresanNon Exe.Non Ind.Director
Mr. Nrupang B DholakiaIndependent Director
Mr. R V Balasubramaniam IyerIndependent Director
Dr. Shailesh Ramesh KarnikIndependent Director

FAQ

What is the intrinsic value of Aries Agro Ltd and is it undervalued?

As of 05 April 2026, Aries Agro Ltd's intrinsic value is ₹377.80, which is 10.79% higher than the current market price of ₹341.00, suggesting the stock is undervalued. This is calculated using the PE ratio method factoring in ROE (12.3 %), book value (₹246), dividend yield (0.35 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of Aries Agro Ltd?

Aries Agro Ltd is trading at ₹341.00 as of 05 April 2026, with a FY2026-2027 high of ₹460 and low of ₹237. The stock is currently in the middle of its 52-week range. Market cap stands at ₹443 Cr..

How does Aries Agro Ltd's P/E ratio compare to its industry?

Aries Agro Ltd has a P/E ratio of 10.2, which is below the industry average of 192.60. Trading at a steep discount to peers could signal a value opportunity or reflect concerns about the company's fundamentals.

Is Aries Agro Ltd financially healthy?

Key indicators for Aries Agro Ltd: ROCE of 18.4 % indicates efficient capital utilization. Dividend yield is 0.35 %.

Is Aries Agro Ltd profitable and how is the profit trend?

Aries Agro Ltd reported a net profit of ₹33 Cr in Mar 2025 on revenue of ₹622 Cr. Compared to ₹12 Cr in Mar 2022, the net profit shows an improving trend.

Does Aries Agro Ltd pay dividends?

Aries Agro Ltd has a dividend yield of 0.35 % at the current price of ₹341.00. 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 Aries Agro 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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