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Aarti Inds Overview

Aarti Industries Limited is engaged in production and dealing in distinctiveness chemical substances and prescription drugs. The Company operates thru segments as Speciality Chemicals and Pharmaceuticals. Its Speciality Chemicals section serves polymer and additives; agrochemicals and intermediates; dyes, pigments, paints, and printing inks; pharma intermediates, and fuel additives, rubber chemical substances, and resins markets. Its Pharmaceuticals section serves active pharmaceutical ingredients and intermediates for innovators and generic b...Read More

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Aarti Inds Key Financials

Market Cap ₹15985 Cr.

Stock P/E 48.3

P/B 2.7

Current Price ₹440.9

Book Value ₹ 161.2

Face Value 5

52W High ₹494

Dividend Yield 0.23%

52W Low ₹ 338.2

Aarti Inds Share Price

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Volume
Price

Aarti Inds Quarterly Price

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Aarti Inds Peer Comparison

Aarti Inds Quarterly Results

#(Fig in Cr.) Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025
Net Sales 1454 1732 1773 1851 1628 1842 1949 1676 2101 2319
Other Income 0 8 -1 6 4 5 -3 3 0 2
Total Income 1454 1740 1772 1857 1632 1847 1946 1679 2101 2321
Total Expenditure 1221 1472 1489 1546 1430 1611 1681 1463 1809 1997
Operating Profit 233 268 283 311 202 236 265 216 292 324
Interest 58 54 59 64 62 85 64 60 100 69
Depreciation 93 97 98 102 108 111 113 114 120 121
Exceptional Income / Expenses 0 0 0 0 2 0 0 0 21 -15
Profit Before Tax 82 117 126 145 34 40 88 42 93 119
Provision for Tax -9 -7 -6 8 -18 -6 -8 -1 -13 -14
Profit After Tax 91 124 132 137 52 46 96 43 106 133
Adjustments 0 0 0 0 0 0 0 0 0 0
Profit After Adjustments 91 124 132 137 52 46 96 43 106 133
Adjusted Earnings Per Share 2.5 3.4 3.6 3.8 1.4 1.3 2.7 1.2 2.9 3.7

Aarti Inds Profit & Loss

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
Net Sales 2908 3007 3163 3806 4168 4186 4506 6086 6619 6371 7271 8045
Other Income 6 6 2 8 2 9 1 1 1 11 18 2
Total Income 2913 3013 3165 3814 4170 4195 4507 6086 6619 6382 7289 8047
Total Expenditure 2442 2434 2510 3107 3202 3209 3525 4365 5530 5397 6274 6950
Operating Profit 471 578 655 707 967 986 982 1721 1090 985 1015 1097
Interest 138 117 117 132 183 125 86 102 168 211 275 293
Depreciation 82 99 123 146 163 185 231 246 310 378 434 468
Exceptional Income / Expenses 3 0 0 0 0 0 0 0 0 0 2 6
Profit Before Tax 255 363 416 429 622 676 665 1372 611 395 307 342
Provision for Tax 61 95 88 83 118 129 129 186 66 -21 -24 -36
Profit After Tax 194 268 328 346 504 547 535 1186 545 416 331 378
Adjustments 12 -11 -12 -13 -12 -11 -12 -0 0 0 0 0
Profit After Adjustments 206 257 316 333 492 536 523 1186 545 416 331 378
Adjusted Earnings Per Share 5.8 7.7 9.6 10.2 14.2 15.4 15 32.7 15 11.5 9.1 10.5

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 14% 6% 12% 10%
Operating Profit CAGR 3% -16% 1% 8%
PAT CAGR -20% -35% -10% 5%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR 10% -8% -9% 13%
ROE Average 6% 9% 14% 19%
ROCE Average 6% 8% 12% 15%

Aarti Inds Balance Sheet

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Shareholder's Funds 1016 1137 1362 1578 2631 2979 3503 4516 4920 5290 5605
Minority's Interest 6 52 64 77 84 95 12 1 1 1 0
Borrowings 419 527 596 908 815 581 1268 930 635 1524 1867
Other Non-Current Liabilities 409 127 156 241 396 762 458 211 189 95 -44
Total Current Liabilities 1088 1123 1320 1586 1932 1916 2400 2166 2783 3062 3466
Total Liabilities 2938 2966 3499 4391 5858 6333 7642 7823 8528 9972 10896
Fixed Assets 967 1246 1697 1998 2147 2468 3593 3595 4861 5649 6377
Other Non-Current Assets 773 487 485 709 1134 1859 1682 1529 1208 1363 1624
Total Current Assets 1198 1234 1317 1685 2577 2005 2368 2699 2459 2959 2895
Total Assets 2938 2966 3499 4391 5858 6333 7642 7823 8528 9972 10896

Aarti Inds Cash Flow

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Opening Cash & Cash Equivalents 15 34 29 29 32 804 247 412 174 167 428
Cash Flow from Operating Activities 340 574 470 335 736 1102 873 519 1319 1210 1242
Cash Flow from Investing Activities -298 -452 -529 -610 -797 -1124 -1322 -1169 -1330 -1369 -1398
Cash Flow from Financing Activities -23 -128 58 279 833 -535 614 412 38 420 -73
Net Cash Inflow / Outflow 19 -7 -0 4 772 -557 165 -239 27 261 -229
Closing Cash & Cash Equivalent 34 29 29 32 804 247 412 174 201 428 199

Aarti Inds Ratios

# Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Earnings Per Share (Rs) 5.81 7.71 9.61 10.24 14.19 15.38 15.02 32.71 15.04 11.49 9.13
CEPS(Rs) 7.78 11 13.7 15.14 19.24 21 22 39.51 23.61 21.92 21.11
DPS(Rs) 1.38 2.13 0.25 0.25 2.75 1.75 1.5 3.5 2.5 1 1
Book NAV/Share(Rs) 28.66 34.11 41.46 48.52 75.87 85.46 100.5 124.58 135.73 145.86 154.38
Core EBITDA Margin(%) 14.91 19.03 20.66 18.37 20.51 21.15 19.54 25.03 14.9 13.84 12.34
EBIT Margin(%) 12.58 15.96 16.85 14.73 17.1 17.33 14.95 21.46 10.66 8.62 7.21
Pre Tax Margin(%) 8.16 12.06 13.14 11.27 13.22 14.63 13.23 19.97 8.36 5.62 3.8
PAT Margin (%) 6.2 8.92 10.35 9.09 10.71 11.83 10.65 17.26 7.46 5.92 4.1
Cash Profit Margin (%) 8.83 12.19 14.23 12.94 14.17 15.84 15.26 20.85 11.71 11.29 9.47
ROA(%) 6.91 9.08 10.13 8.77 9.84 8.97 7.66 15.34 6.67 4.5 3.17
ROE(%) 20.54 24.91 26.22 23.55 23.96 19.5 16.52 29.58 11.56 8.16 6.08
ROCE(%) 19.03 20.65 19.91 17.02 18.51 15.85 13.15 21.96 10.48 7.29 6.39
Receivable days 51.56 58.42 60.46 56.55 55.49 60.41 56.21 50.07 50.74 46.55 37.05
Inventory Days 67.67 63.55 61.53 63.23 58.92 63.49 64.36 49.66 49.08 56.82 59.04
Payable days 68.67 64.26 71.89 63.1 62.9 64.86 93.35 70.37 31.36 49.25 84.85
PER(x) 15.18 16.78 19.91 27.94 27.72 24.76 43.82 29.24 34.45 58 42.79
Price/Book(x) 3.08 3.79 4.62 5.9 5.18 4.46 6.55 7.68 3.82 4.57 2.53
Dividend Yield(%) 1.56 1.64 0.13 0.09 0.7 0.46 0.23 0.37 0.48 0.15 0.26
EV/Net Sales(x) 1.48 1.85 2.47 2.98 3.65 3.61 5.63 6.09 3.24 4.27 2.43
EV/Core EBITDA(x) 9.11 9.64 11.94 16.06 15.75 15.34 25.83 21.53 19.69 27.62 17.4
Net Sales Growth(%) 10.46 3.39 5.22 20.31 9.5 0.45 7.64 35.05 8.76 -3.74 14.14
EBIT Growth(%) 21.24 22.15 11.1 5.2 43.49 -0.44 -6.25 96.36 -47.14 -22.13 -3.99
PAT Growth(%) 27.39 38.4 22.17 5.68 45.66 8.45 -2.11 121.57 -54.02 -23.62 -20.55
EPS Growth(%) 26.73 32.68 24.73 6.5 38.55 8.44 -2.35 117.74 -54.02 -23.62 -20.56
Debt/Equity(x) 1.18 1.14 1.15 1.32 0.91 0.7 0.81 0.57 0.58 0.67 0.68
Current Ratio(x) 1.1 1.1 1 1.06 1.33 1.05 0.99 1.25 0.88 0.97 0.84
Quick Ratio(x) 0.59 0.66 0.56 0.59 0.93 0.61 0.6 0.81 0.51 0.59 0.42
Interest Cover(x) 2.85 4.1 4.54 4.26 4.41 6.42 8.69 14.41 4.63 2.87 2.12
Total Debt/Mcap(x) 0.38 0.3 0.25 0.22 0.18 0.16 0.12 0.07 0.15 0.15 0.27

Aarti Inds Shareholding Pattern

# Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
Promoter 43.55 43.43 43.24 42.61 42.35 42.24 42.24 42.18 42.14 42.09
FII 10.83 10.93 10.61 9.68 7.25 6.29 6.44 6.4 6.69 7.38
DII 15.85 17.27 18.58 18.12 17.93 19.97 20.38 18.21 18.22 20.12
Public 29.77 28.38 27.57 29.59 32.47 31.5 30.94 33.21 32.95 30.4
Others 0 0 0 0 0 0 0 0 0 0
Total 100 100 100 100 100 100 100 100 100 100

Aarti Inds News

Aarti Inds Pros & Cons

Pros

Cons

  • Promoter holding is low: 42.09%.
  • Company has a low return on equity of 9% over the last 3 years.
  • Debtor days have increased from 49.25 to 84.85days.
  • The company has delivered a poor profit growth of -9% over past five years.
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