Aarti Industries Ltd logo

Aarti Industries Ltd

AARTIIND NSE

Key Fundamentals

SmallcapSpecialty ChemicalsChemicals
Market Cap
₹19,156 Cr
Volatility
Moderate
P/E Ratio
36.12
EBITDA
₹1,152 Cr
Return on Equity
5.9%
Debt to Equity
0.83
Book Value
₹164.18
EPS
₹13.35
52W High
₹541.7
52W Low
₹338.05

Insights

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

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49 extracted metrics + investor summaries across FY11–FY26.

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Tapetide Score

Data-driven rating, 0–100. How it works →

Technical Indicators

Key Insights

Weaknesses

6
  • Stock is trading at 3.21 times its book value
  • Tax rate seems low
  • Company has a low return on equity of 7.11% over last 3 years.
  • Company might be capitalizing the interest cost
  • Dividend payout has been low at 9.43% of profits over last 3 years
  • Debtor days have increased from 50.1 to 61.8 days.

Growth Rate

Revenue Growth
13.73% ↗
Net Income Growth
10.31% ↘
Cash Flow Change
2.68% ↗
ROE
-25.03% ↘
ROCE
-11.50% ↘
EBITDA Margin (Avg.)
-0.50% ↘

AI Analysis — Bull vs Bear

Anthropic anthropic claude-opus-4.6 3d ago
AI opinion · based on fundamentals
Risk high

Aarti Industries trades at a market cap of ₹18,973 Cr with a PE of 36.7x and a 3-year ROE of just 7%. The company has shown a sharp TTM profit recovery of 122% and TTM sales growth of 27%, but longer-term profit compounding remains negative at -9% over 3 years and -5% over 5 years.

Bull Case 7
  • TTM profit growth of 122% signals a strong cyclical recovery in earnings after a multi-year downturn
  • TTM sales growth of 27% indicates improving demand and pricing environment for specialty chemicals
  • 10-year compounded sales growth of 11% demonstrates consistent long-term revenue scaling ability
  • Stock CAGR of 43% over the last 1 year reflects renewed market confidence in the business turnaround
  • 10-year stock CAGR of 15% shows the company has delivered meaningful long-term wealth creation
  • 5-year compounded sales growth of 13% is healthy and ahead of many chemical peers
  • 10-year ROE averaging 14% suggests the business has historically been capable of generating superior returns on equity
Bear Case 8
  • 3-year compounded profit growth is -9%, indicating earnings destruction over the medium term despite revenue growth
  • 3-year ROE of only 7% is well below cost of equity and reflects poor capital efficiency in recent years
  • PE of 36.7x is elevated relative to the 7% ROE, suggesting the stock is priced for a recovery that must materialize
  • Price-to-book of 3.28x is high given the subdued return ratios, limiting margin of safety
  • Debtor days have increased from 50.1 to 61.8 days, signalling deteriorating working capital discipline
  • Dividend payout of only 9.43% of profits over 3 years offers negligible income to shareholders
  • 5-year compounded profit growth of -5% shows earnings have not kept pace even with 13% sales CAGR, pointing to margin pressure
  • Potential interest cost capitalization, if confirmed, would mean reported profits overstate true economic earnings

This is AI-generated analysis, not financial advice. Do your own due diligence.

AI News Digest

Anthropic anthropic claude-opus-4.6 17h ago
Positives 3
  • Q1FY27 profit surges 227% YoY Jul 30

    Standalone net profit jumped 227% YoY to ₹144 crore in Q1FY27, while consolidated PAT rose 260% to ₹155 crore, driven by higher revenue and improved margins.

  • New China subsidiary approved Jul 30

    Board approved incorporation of a wholly owned subsidiary in China on July 30, 2026, citing strategic expansion into the market.

  • Suyog Kotecha appointed as MD Jul 30

    CEO Suyog Kotecha will become Managing Director effective October 1, 2026, while three Gogri promoter directors transition to Non-Executive roles, signaling professional management.

Neutral 4
  • Investor meetings in Asia planned Aug 6

    Company officials will attend investor meetings in Singapore and Hong Kong from August 11-14, 2026, engaging with Nuvama and Avendus analysts.

  • Q1FY27 earnings call uploaded Jul 31

    Audio recording of Q1FY27 earnings conference call held on July 31, 2026 has been uploaded to the company website per SEBI LODR requirements.

  • Promoter stake reclassified to public Jul 30

    Board approved moving Ratanben Premji Gogri from Promoter Group to Public category, affecting a 0.38% stake. Exchange approval is pending.

  • Q1 FY27 earnings call scheduled Jul 21

    Conference call to discuss Q1 FY27 results was scheduled for July 31, 2026, featuring management commentary and Q&A session.

TL;DR: Aarti Industries delivered a standout Q1FY27 with 227% YoY profit growth and improving margins, signaling strong operational recovery. Strategic moves include a China subsidiary and transition to professional management under a new MD from October 2026. No visible headwinds in recent news flow. The trend is clearly improving, and execution on the China expansion and margin sustainability will be key monitorables going forward.

Quarterly Results

  Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales
1,414
1,454
1,732
1,773
1,851
1,628
1,843
1,949
1,675
2,100
2,318
2,205
2,387
Expenses
1,214
1,221
1,473
1,489
1,546
1,431
1,612
1,687
1,463
1,809
1,997
1,864
2,005
Operating Profit
200
233
259
284
305
197
231
262
212
291
321
341
382
OPM %
14%
16%
15%
16%
16%
12%
13%
13%
13%
14%
14%
15%
16%
Other Income
0
0
8
-1
6
7
5
3
4
22
-13
1
5
Interest
40
58
54
59
64
62
85
64
60
100
69
112
83
Depreciation
89
93
97
98
102
108
111
113
114
120
121
119
124
PBT
71
82
116
126
145
34
40
88
42
93
118
111
180
Tax %
1%
-11%
-7%
-5%
6%
-53%
-15%
-9%
-2%
-14%
-13%
-23%
14%
Net Profit
70
91
124
132
137
52
46
96
43
106
133
137
155
EPS in Rs
1.93
2.51
3.42
3.64
3.78
1.43
1.27
2.65
1.19
2.92
3.67
3.78
4.27
Figures in ₹ Crores

Profit & Loss

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales
2,890
3,006
3,163
3,806
4,168
4,186
4,506
6,086
6,619
6,371
7,271
8,286
9,010
Expenses
2,424
2,434
2,509
3,106
3,202
3,209
3,525
4,365
5,530
5,393
6,271
7,119
7,675
Operating Profit
466
572
654
700
965
977
982
1,720
1,089
978
1,000
1,167
1,335
OPM %
16%
19%
21%
18%
23%
23%
22%
28%
16%
15%
14%
14%
15%
Other Income
9
6
2
7
2
9
1
1
1
7
16
12
15
Interest
138
117
117
132
183
125
86
102
168
211
275
340
364
Depreciation
82
98
123
146
163
185
231
246
310
378
434
474
484
PBT
255
363
416
429
622
676
665
1,372
611
395
307
365
502
Tax %
24%
26%
21%
19%
19%
19%
19%
14%
11%
-5%
-8%
-15%
—
Net Profit
208
268
328
346
504
547
535
1,186
545
416
331
419
531
EPS in Rs
5.81
7.71
9.62
10.24
14.18
15.39
15.02
32.71
15.04
11.49
9.13
11.56
14.64
Div. Payout %
24%
28%
3%
2%
19%
11%
10%
11%
17%
9%
11%
9%
—
Figures in ₹ Crores

Balance Sheet

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
44
42
41
41
43
87
87
181
181
181
181
181
Reserves
972
1,096
1,321
1,538
2,587
2,892
3,416
4,335
4,739
5,109
5,424
5,774
Borrowings
1,202
1,292
1,564
2,083
2,401
2,098
2,857
2,587
2,907
3,623
3,848
4,966
Other Liabilities
719
538
573
730
826
1,256
1,282
748
754
1,203
1,661
2,378
Total Liabilities
2,938
2,966
3,499
4,391
5,858
6,332
7,642
7,851
8,581
10,115
11,114
13,299
Fixed Assets
967
1,246
1,697
1,998
2,147
2,468
3,593
3,595
4,861
5,649
6,377
6,556
CWIP
193
313
270
436
795
1,418
1,298
1,346
1,096
1,229
1,454
2,030
Investments
139
41
47
47
33
37
64
28
17
23
48
132
Other Assets
1,639
1,366
1,486
1,910
2,884
2,409
2,688
2,882
2,607
3,214
3,235
4,581
Total Assets
2,938
2,966
3,499
4,391
5,858
6,332
7,642
7,851
8,581
10,115
11,114
13,299
Figures in ₹ Crores

Cash Flow

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
340
574
470
335
736
1,102
873
519
1,319
1,210
1,242
775
Investing
-298
-452
-529
-610
-797
-1,124
-1,322
-1,169
-1,330
-1,369
-1,398
-1,141
Financing
-23
-128
58
279
833
-535
614
412
38
420
-73
745
Net Cash Flow
19
-7
0
4
772
-557
165
-239
27
261
-229
379
Free Cash Flow
45
124
-60
-279
-55
-23
-442
-646
-8
-96
-137
-346
CFO/OP
85
117
87
62
90
130
99
44
129
132
123
67
Figures in ₹ Crores

Ratios

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days
55
64
61
63
68
66
64
65
52
49
39
62
Inventory Days
123
108
136
144
152
174
190
143
115
121
126
118
Days Payable
55
67
71
69
55
72
117
53
24
76
107
126
Cash Conversion Cycle
123
105
125
138
165
168
137
155
143
94
58
54
Working Capital Days
10
10
-4
6
-14
-14
-36
22
-29
-36
-44
-64
ROCE %
19%
20%
19%
16%
18%
15%
13%
22%
10%
7%
6%
7%

Shareholding Pattern

As of Jun 2026
Promoters 41.82%
Public 25.49%
DIIs 21.11%
FIIs 6.99%
Others 4.57%
Government 0.01%
Total 99.99%
  Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters
46.82%
44.90%
44.21%
44.21%
44.19%
44.19%
44.16%
44.16%
44.07%
43.65%
43.57%
43.55%
43.43%
43.24%
42.61%
42.35%
42.24%
42.24%
42.18%
42.14%
42.09%
41.82%
FIIs
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
10.93%
10.61%
9.68%
7.25%
6.29%
6.44%
6.40%
6.69%
7.38%
6.99%
DIIs
15.20%
13.26%
14.39%
14.17%
14.50%
14.81%
14.78%
14.55%
14.76%
14.63%
16.15%
15.50%
17.25%
18.56%
18.13%
17.94%
19.97%
20.38%
18.21%
18.22%
20.12%
21.11%
Government
0.00%
0.00%
0.00%
0.00%
0.01%
0.01%
0.01%
0.01%
0.01%
0.01%
0.01%
0.02%
0.03%
0.03%
0.01%
0.01%
0.01%
0.01%
0.01%
0.01%
0.01%
0.01%
Public
25.66%
25.86%
25.75%
25.66%
25.02%
25.69%
24.41%
24.93%
24.82%
25.29%
25.72%
25.48%
24.13%
23.33%
25.14%
27.86%
26.96%
26.54%
28.46%
28.23%
25.80%
25.49%
Others
12.31%
15.98%
15.65%
15.96%
16.28%
15.29%
16.64%
16.35%
16.34%
16.42%
14.55%
15.45%
4.24%
4.22%
4.44%
4.60%
4.52%
4.38%
4.73%
4.71%
4.59%
4.57%
No. of Shareholders
1,07,886
1,87,426
2,59,574
2,82,980
2,95,763
3,40,358
3,40,769
3,76,548
3,85,751
3,97,907
4,23,140
4,18,123
3,77,953
3,49,415
3,94,154
4,50,588
4,39,227
4,25,399
4,28,931
4,18,492
3,84,210
3,70,868

Documents

Frequently Asked Questions about Aarti Industries Ltd

What does Aarti Industries Ltd do?
Aarti Industries Ltd, the flagship company of the Aarti group, manufacturing organic and inorganic chemicals at its major facilities in Vapi, Jhagadia, Dahej and Kutch, in Gujarat and in Tarapur in Maharashtra. The company has a strong market position in the NCB-based specialty chemicals segment.[1]
Where is Aarti Industries Ltd (AARTIIND) listed?
Aarti Industries Ltd is listed on the Indian stock exchanges. It is listed on NSE: AARTIIND and BSE: 524208. You can view its live share price, financials, and ratios on Tapetide.
Which sector does Aarti Industries Ltd belong to?
Aarti Industries Ltd operates in the Chemicals sector within the Specialty Chemicals industry. Sector classification helps investors compare companies affected by similar economic conditions and regulatory changes.
What is the market capitalisation of Aarti Industries Ltd?
Aarti Industries Ltd has a market capitalisation of approximately ₹19155.87 Cr. Based on this, it is classified as a Mid Cap stock.
What is the PE ratio of Aarti Industries Ltd?
The Price-to-Earnings (PE) ratio of Aarti Industries Ltd is 36.12. The PE ratio compares a company's share price to its earnings per share and is commonly used to assess whether a stock is overvalued or undervalued relative to its peers.
What is the 52-week high and low of Aarti Industries Ltd?
Over the past 52 weeks, Aarti Industries Ltd has traded between a low of ₹338.05 and a high of ₹541.7. This range helps investors understand the stock's price volatility and recent trading levels.
Does Aarti Industries Ltd pay dividends?
Yes, Aarti Industries Ltd has a dividend yield of 0.19%. Dividend yield indicates the annual dividend income relative to the share price. A consistent dividend history can signal financial stability.
What is the Return on Equity (ROE) of Aarti Industries Ltd?
Aarti Industries Ltd has a Return on Equity (ROE) of 5.90%. ROE measures how effectively a company uses shareholders' equity to generate profits. A higher ROE generally indicates better capital efficiency.
How can I research Aarti Industries Ltd on Tapetide?
On Tapetide, you can view Aarti Industries Ltd's live share price, quarterly results, profit & loss statements, balance sheet, cash flow, key ratios, shareholding pattern, technical indicators, analyst ratings, and forecasts — all on a single page without needing to sign up.

Company Information

Aarti Industries Ltd, the flagship company of the Aarti group, manufacturing organic and inorganic chemicals at its major facilities in Vapi, Jhagadia, Dahej and Kutch, in Gujarat and in Tarapur in Maharashtra. The company has a strong market position in the NCB-based specialty chemicals segment.[1]

Website aarti-industries.com
CEO Mr. Rajendra Vallabhaji Gogri
Employees 5,868
Listed 1995-02-08
Face Value ₹ 5
Issued Size 36,25,93,869

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