AARTISURF

₹675.5 9.9 | 1.5%

WEBSITE BSE:543210 NSE : AARTISURF 10 May, 16:01

Market Cap ₹573 Cr.

Stock P/E 25.5

P/B 2.6

Current Price ₹675.5

Book Value ₹ 257.3

Face Value 10

52W High ₹854.2

Dividend Yield 0%

52W Low ₹ 542.7

Edit Ratio

AARTISURF Research see more...

Overview Inc. Year: 2018Industry: Household & Personal Products

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 and skin care, oral, hair, cosmetics, bath and bathe, sun care, material/laundry care, dishwashing, toilet care, and floor care segments. The enterprise was previously referred to as Arti Surfactants Ltd. Aarti Surfactants Ltd become incorporated in 2018 and is based totally in Mumbai, India.

AARTISURF Share Price

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Peer Comparison

AARTISURF Quarterly Results

#(Fig in Cr.)	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Net Sales	135	151	158	152	134	158	149	144	139	159
Other Income	0	0	0	0	0	0	0	0	0	0
Total Income	135	152	158	152	134	158	149	144	139	159
Total Expenditure	126	147	147	143	120	144	134	128	122	144
Operating Profit	9	4	12	9	14	14	15	16	17	14
Interest	3	2	3	4	4	4	3	4	4	3
Depreciation	4	2	3	4	4	4	4	4	4	4
Exceptional Income / Expenses	0	0	0	0	0	0	0	0	0	0
Profit Before Tax	2	0	5	1	5	6	8	9	9	7
Provision for Tax	4	-2	1	1	1	1	2	4	2	2
Profit After Tax	-2	2	4	0	4	5	5	5	7	5
Adjustments	0	0	-0	0	0	0	0	0	-0	-0
Profit After Adjustments	-2	2	4	0	4	5	5	5	7	5
Adjusted Earnings Per Share	-2.9	3.1	4.8	0.4	5.2	5.9	6.6	6	8.4	5.5

AARTISURF Profit & Loss

#(Fig in Cr.)	Mar 2020	Mar 2021	Mar 2022	Mar 2023	TTM
Net Sales	326	466	576	601	591
Other Income	0	0	0	0	0
Total Income	326	466	576	602	591
Total Expenditure	302	420	543	554	528
Operating Profit	24	46	32	48	62
Interest	10	10	11	15	14
Depreciation	11	12	12	15	16
Exceptional Income / Expenses	0	0	0	0	0
Profit Before Tax	3	23	9	18	33
Provision for Tax	1	1	4	5	10
Profit After Tax	2	22	5	13	22
Adjustments	0	0	0	0	0
Profit After Adjustments	2	22	5	13	22
Adjusted Earnings Per Share	2.7	28.1	7.1	16	26.5

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	4%	23%	0%	0%
Operating Profit CAGR	50%	26%	0%	0%
PAT CAGR	160%	87%	0%	0%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	7%	-23%	NA%	NA%
ROE Average	8%	10%	8%	8%
ROCE Average	11%	10%	9%	9%

AARTISURF Balance Sheet

#(Fig in Cr.)	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Shareholder's Funds	111	133	136	168
Minority's Interest	0	0	0	0
Borrowings	49	80	105	73
Other Non-Current Liabilities	8	9	12	15
Total Current Liabilities	95	164	149	146
Total Liabilities	262	387	402	402
Fixed Assets	151	187	173	207
Other Non-Current Assets	17	24	55	10
Total Current Assets	94	175	175	185
Total Assets	262	387	402	402

AARTISURF Cash Flow

#(Fig in Cr.)	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Opening Cash & Cash Equivalents	0	0	7	1
Cash Flow from Operating Activities	18	36	23	25
Cash Flow from Investing Activities	-2	-60	-23	9
Cash Flow from Financing Activities	-16	32	-6	-27
Net Cash Inflow / Outflow	0	7	-5	6
Closing Cash & Cash Equivalent	0	7	1	8

AARTISURF Ratios

#	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Earnings Per Share (Rs)	2.71	28.1	7.14	16
CEPS(Rs)	16.44	43.95	23.3	35.5
DPS(Rs)	0	3	0	0
Book NAV/Share(Rs)	144.08	172.27	176.51	211.58
Core EBITDA Margin(%)	7.24	9.77	5.58	7.94
EBIT Margin(%)	4.06	7.16	3.47	5.42
Pre Tax Margin(%)	0.9	4.92	1.62	2.96
PAT Margin (%)	0.64	4.64	0.95	2.11
Cash Profit Margin (%)	3.89	7.27	3.12	4.69
ROA(%)	0.8	6.67	1.39	3.16
ROE(%)	1.88	17.76	4.09	8.36
ROCE(%)	6.01	13.22	6.87	10.6
Receivable days	20.07	28.35	34.53	36.37
Inventory Days	63.27	50.81	46.94	46.18
Payable days	28.4	50.56	59.4	48.9
PER(x)	0	32.68	103.67	28.33
Price/Book(x)	0	5.33	4.19	2.14
Dividend Yield(%)	0	0.32	0	0
EV/Net Sales(x)	0.36	1.83	1.27	0.83
EV/Core EBITDA(x)	4.89	18.71	22.5	10.43
Net Sales Growth(%)	0	42.93	23.56	4.48
EBIT Growth(%)	0	152.21	-40.08	63.05
PAT Growth(%)	0	937.08	-74.6	131.21
EPS Growth(%)	0	937.08	-74.6	124.19
Debt/Equity(x)	0.98	1.15	1.19	0.89
Current Ratio(x)	0.99	1.07	1.17	1.26
Quick Ratio(x)	0.4	0.62	0.67	0.73
Interest Cover(x)	1.29	3.19	1.87	2.2
Total Debt/Mcap(x)	0	0.21	0.28	0.39

AARTISURF Shareholding Pattern

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	45.04	45.04	45.04	45.04	45.04	49.81	49.81	49.81	49.81	49.81
FII	1	0.62	0.65	0.64	0.59	0.06	0.04	0.04	0.04	0.09
DII	0.3	0.31	0.31	0.31	0.31	0.17	0.01	0.01	0.02	0.01
Public	53.66	54.03	54	54.01	54.06	49.96	50.14	50.14	50.14	50.09
Others	0	0	0	0	0	0	0	0	0	0
Total	100	100	100	100	100	100	100	100	100	100

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	0.34	0.34	0.34	0.34	0.34	0.42	0.42	0.42	0.42	0.42
FII	0.01	0	0	0	0	0	0	0	0	0
DII	0	0	0	0	0	0	0	0	0	0
Public	0.41	0.41	0.41	0.41	0.41	0.42	0.43	0.43	0.43	0.42
Others	0	0	0	0	0	0	0	0	0	0
Total	0.76	0.76	0.76	0.76	0.76	0.85	0.85	0.85	0.85	0.85

Pros

Debtor days have improved from 59.4 to 48.9days.
Company has reduced debt.

Cons

Promoter holding is low: 49.81%.
Company has a low return on equity of 10% over the last 3 years.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.