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AARTISURF Overview

Aarti Surfactants Ltd, collectively with its subsidiary, Aarti HPC ltd, manufactures and substances ionic and non-ionic, and speciality surfactants for the home and personal care, agro and oil, and industrial applications in India and the world over. The corporation’s merchandise consist of surfactants, mild surfactants, rheology modifiers, pearlizing marketers, UV filters, preservatives, syndet and soap bases, sun care merchandise, and active substances, in addition to conditioning agents, blends, proteins, and quats. It serves pores an...Read More

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AARTISURF Key Financials

Market Cap ₹364 Cr.

Stock P/E 25

P/B 1.5

Current Price ₹429.8

Book Value ₹ 284

Face Value 10

52W High ₹651

Dividend Yield 0.23%

52W Low ₹ 358.1

AARTISURF Share Price

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Volume
Price

AARTISURF Quarterly Price

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AARTISURF 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 144 139 159 143 151 163 202 216 179 208
Other Income 0 0 0 0 2 -0 1 0 0 0
Total Income 144 139 159 144 153 163 203 216 179 208
Total Expenditure 128 122 144 134 147 154 182 204 170 195
Operating Profit 16 17 14 10 6 9 21 12 9 13
Interest 4 4 3 3 3 3 3 3 3 3
Depreciation 4 4 4 4 4 4 4 4 4 4
Exceptional Income / Expenses 0 0 0 0 4 0 0 0 0 0
Profit Before Tax 9 9 7 3 3 1 13 4 2 5
Provision for Tax 4 2 2 1 1 0 3 1 1 1
Profit After Tax 5 7 5 2 2 1 10 3 2 4
Adjustments 0 -0 -0 0 -0 0 -0 0 -0 0
Profit After Adjustments 5 7 5 2 2 1 10 3 2 4
Adjusted Earnings Per Share 6 8.4 5.5 2.6 2.1 0.9 11.5 3.5 1.8 4.3

AARTISURF Profit & Loss

#(Fig in Cr.) Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
Net Sales 326 466 576 601 590 659 805
Other Income 0 0 0 0 0 3 1
Total Income 326 466 576 602 590 663 806
Total Expenditure 302 420 543 554 528 617 751
Operating Profit 24 46 32 48 62 45 55
Interest 10 10 11 15 14 12 12
Depreciation 11 12 12 15 16 17 16
Exceptional Income / Expenses 0 0 0 0 0 4 0
Profit Before Tax 3 23 9 18 32 21 24
Provision for Tax 1 1 4 5 11 6 6
Profit After Tax 2 22 5 13 21 15 19
Adjustments 0 0 0 0 0 0 0
Profit After Adjustments 2 22 5 13 21 15 19
Adjusted Earnings Per Share 2.7 28.1 7.1 16 25.2 17.2 21.1

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 12% 5% 15% 0%
Operating Profit CAGR -27% 12% 13% 0%
PAT CAGR -29% 44% 50% 0%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR -26% -6% -14% NA%
ROE Average 6% 9% 10% 8%
ROCE Average 10% 12% 11% 10%

AARTISURF Balance Sheet

#(Fig in Cr.) Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Shareholder's Funds 111 133 136 168 218 233
Minority's Interest 0 0 0 0 0 0
Borrowings 49 80 105 73 48 28
Other Non-Current Liabilities 8 9 12 20 27 31
Total Current Liabilities 95 164 149 142 129 186
Total Liabilities 262 387 402 404 422 477
Fixed Assets 151 187 173 207 209 204
Other Non-Current Assets 17 24 55 14 14 21
Total Current Assets 94 175 175 182 199 252
Total Assets 262 387 402 404 422 477

AARTISURF Cash Flow

#(Fig in Cr.) Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Opening Cash & Cash Equivalents 0 0 7 1 8 6
Cash Flow from Operating Activities 18 36 23 25 52 11
Cash Flow from Investing Activities -2 -60 -23 -11 -16 -16
Cash Flow from Financing Activities -16 32 -6 -8 -37 -0
Net Cash Inflow / Outflow 0 7 -5 6 -1 -5
Closing Cash & Cash Equivalent 0 7 1 8 6 1

AARTISURF Ratios

# Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Earnings Per Share (Rs) 2.71 28.1 7.14 16 25.19 17.2
CEPS(Rs) 16.44 43.95 23.3 35.5 44.14 37.7
DPS(Rs) 0 3 0 0 0 1
Book NAV/Share(Rs) 144.08 172.27 176.51 211.58 257.64 274.8
Core EBITDA Margin(%) 7.24 9.77 5.58 7.94 10.53 6.36
EBIT Margin(%) 4.06 7.16 3.47 5.42 7.84 4.89
Pre Tax Margin(%) 0.9 4.92 1.62 2.96 5.46 3.14
PAT Margin (%) 0.64 4.64 0.95 2.11 3.62 2.21
Cash Profit Margin (%) 3.89 7.27 3.12 4.69 6.33 4.84
ROA(%) 0.8 6.67 1.39 3.15 5.16 3.23
ROE(%) 1.88 17.76 4.09 8.36 11.05 6.46
ROCE(%) 6.01 13.22 6.87 10.6 14.62 9.82
Receivable days 20.07 28.35 34.53 36.37 41.91 40.53
Inventory Days 63.27 50.81 46.94 46.18 54.62 64.67
Payable days 28.4 50.56 59.4 48.93 50.8 54.49
PER(x) 0 32.68 103.67 28.33 21.96 23.32
Price/Book(x) 0 5.33 4.19 2.14 2.15 1.46
Dividend Yield(%) 0 0.32 0 0 0 0.25
EV/Net Sales(x) 0.36 1.83 1.27 0.83 0.95 0.68
EV/Core EBITDA(x) 4.89 18.71 22.5 10.43 8.98 9.84
Net Sales Growth(%) 0 42.93 23.56 4.48 -1.9 11.74
EBIT Growth(%) 0 152.21 -40.08 63.05 41.84 -30.22
PAT Growth(%) 0 937.08 -74.6 131.21 67.87 -31.8
EPS Growth(%) 0 937.08 -74.6 124.19 57.47 -31.74
Debt/Equity(x) 0.98 1.15 1.19 0.89 0.45 0.47
Current Ratio(x) 0.99 1.07 1.17 1.28 1.54 1.35
Quick Ratio(x) 0.4 0.62 0.67 0.74 0.78 0.63
Interest Cover(x) 1.29 3.19 1.87 2.2 3.29 2.79
Total Debt/Mcap(x) 0 0.21 0.28 0.39 0.21 0.32

AARTISURF Shareholding Pattern

# Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025
Promoter 49.81 49.81 49.81 49.81 49.92 49.92 49.92 49.92 49.92 49.88
FII 0.04 0.04 0.09 0.04 0.06 0 0.14 0 0 0
DII 0.01 0.02 0.01 0.01 1.07 0.81 0.81 0.81 0.81 0.31
Public 50.14 50.14 50.09 50.14 48.95 49.28 49.14 49.28 49.28 49.81
Others 0 0 0 0 0 0 0 0 0 0
Total 100 100 100 100 100 100 100 100 100 100

AARTISURF News

AARTISURF Pros & Cons

Pros

  • Company has delivered good profit growth of 49% CAGR over last 5 years
  • Company has reduced debt.
  • Company is almost debt free.

Cons

  • Promoter holding is low: 49.88%.
  • Company has a low return on equity of 9% over the last 3 years.
  • Debtor days have increased from 50.8 to 54.49days.
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