Aartech Solonics Ltd

₹ 41.6 2.38%

12 Jun - close price

aartechsolonics.com BSE: 542580 NSE: AARTECH

About

Incorporated in 1982, Aartech Solonics Ltd is a manufacturer of Electrical Machinery and Apparatus N.E.C.

Key Points

Business Overview^[1]
Aartech Solonics, established in 1982, specializes in advanced energy applications with a focus on R&D-driven products like Bus Transfer Systems, Control Relay Panels, and Ultracapacitors. Serving 15 industries across 20 countries, the company balances product and project revenues, emphasizing innovation, sustainability, and defense modernization.

Website BSE NSE

Market Cap ₹ 132 Cr.
Current Price ₹ 41.6
High / Low ₹ 76.5 / 33.5
Stock P/E 37.8
Book Value ₹ 11.2
Dividend Yield 0.30 %
ROCE 15.9 %
ROE 10.3 %
Face Value ₹ 5.00

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Pros

Company is expected to give good quarter

Cons

Stock is trading at 3.72 times its book value
Company has a low return on equity of 6.12% over last 3 years.
Earnings include an other income of Rs.1.68 Cr.
Debtor days have increased from 104 to 148 days.
Working capital days have increased from 112 days to 201 days

* 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.

Peer comparison

Industrials Capital Goods Electrical Equipment Heavy Electrical Equipment

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Detailed Comparison with:

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026
	2.50	6.30	9.05	7.34	10.00	6.61	9.41	9.55	10.13	4.33	11.00	7.38	17.46
	3.13	5.91	9.00	7.91	9.47	6.90	8.41	8.63	12.71	4.39	9.43	5.07	16.29
Operating Profit	-0.63	0.39	0.05	-0.57	0.53	-0.29	1.00	0.92	-2.58	-0.06	1.57	2.31	1.17
OPM %	-25.20%	6.19%	0.55%	-7.77%	5.30%	-4.39%	10.63%	9.63%	-25.47%	-1.39%	14.27%	31.30%	6.70%
	0.12	0.80	0.67	1.46	0.34	2.12	1.03	0.74	-0.56	1.51	0.31	-0.85	0.71
Interest	0.04	0.14	0.13	0.14	0.15	0.13	0.13	0.15	0.14	0.21	0.16	0.15	0.20
Depreciation	0.01	0.08	0.08	0.09	0.11	0.09	0.10	0.10	0.10	0.10	0.10	0.10	0.10
Profit before tax	-0.56	0.97	0.51	0.66	0.61	1.61	1.80	1.41	-3.38	1.14	1.62	1.21	1.58
Tax %	-8.93%	27.84%	5.88%	12.12%	77.05%	30.43%	10.00%	-27.66%	-26.04%	35.96%	11.73%	47.93%	53.80%
	-0.52	0.70	0.48	0.58	0.14	1.12	1.62	1.80	-2.50	0.73	1.43	0.63	0.73
EPS in Rs	-0.16	0.22	0.15	0.18	0.04	0.35	0.51	0.57	-0.79	0.23	0.45	0.20	0.23
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	9.23	9.73	12.73	11.21	14.54	10.04	10.93	16.36	21.65	32.69	35.70	40.18
	8.14	9.47	12.70	10.22	13.36	9.78	10.44	16.06	20.68	32.29	34.82	35.18
Operating Profit	1.09	0.26	0.03	0.99	1.18	0.26	0.49	0.30	0.97	0.40	0.88	5.00
OPM %	11.81%	2.67%	0.24%	8.83%	8.12%	2.59%	4.48%	1.83%	4.48%	1.22%	2.46%	12.44%
	0.71	0.52	0.69	0.78	1.27	0.78	0.94	1.82	1.63	3.27	1.50	1.68
Interest	0.09	0.18	0.08	0.09	0.11	0.13	0.20	0.20	0.28	0.56	0.54	0.73
Depreciation	0.29	0.34	0.32	0.31	0.21	0.19	0.21	0.20	0.32	0.35	0.39	0.40
Profit before tax	1.42	0.26	0.32	1.37	2.13	0.72	1.02	1.72	2.00	2.76	1.45	5.55
Tax %	20.42%	11.54%	9.38%	13.87%	20.66%	18.06%	17.65%	18.02%	31.00%	47.46%	-41.38%	36.94%
	1.13	0.23	0.30	1.18	1.70	0.59	0.84	1.42	1.38	1.44	2.04	3.50
EPS in Rs	0.51	0.10	0.14	0.53	0.53	0.19	0.26	0.45	0.43	0.45	0.64	1.10
Dividend Payout %	21.86%	107.39%	0.00%	0.00%	0.00%	0.00%	42.02%	37.29%	0.00%	0.00%	19.47%	0.00%

Compounded Sales Growth
10 Years:	15%
5 Years:	30%
3 Years:	23%
TTM:	13%

Compounded Profit Growth
10 Years:	33%
5 Years:	46%
3 Years:	38%
TTM:	97%

Stock Price CAGR
10 Years:	%
5 Years:	38%
3 Years:	19%
1 Year:	-42%

Return on Equity
10 Years:	4%
5 Years:	5%
3 Years:	6%
Last Year:	10%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	4.94	4.94	4.94	4.94	7.06	7.06	7.06	10.59	10.59	10.59	15.89	15.89
Reserves	11.59	11.53	11.83	12.97	19.76	20.00	20.84	18.38	19.70	20.60	16.54	19.64
	0.00	0.00	0.50	0.00	0.00	1.74	0.88	0.65	2.78	4.20	5.64	5.62
	2.69	2.26	2.19	1.47	1.70	2.44	2.34	5.28	5.55	7.25	5.50	9.61
Total Liabilities	19.22	18.73	19.46	19.38	28.52	31.24	31.12	34.90	38.62	42.64	43.57	50.76
	2.79	2.62	2.47	3.36	3.42	3.60	3.51	3.74	3.67	3.95	4.03	3.48
CWIP	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Investments	2.74	3.08	5.80	3.13	6.43	9.07	10.69	12.59	13.91	13.70	12.35	9.65
	13.69	13.03	11.19	12.89	18.67	18.57	16.92	18.57	21.04	24.99	27.19	37.63
Total Assets	19.22	18.73	19.46	19.38	28.52	31.24	31.12	34.90	38.62	42.64	43.57	50.76

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	-1.00	0.16	1.99	0.18	0.94	1.52	-1.70	0.95	-6.79	2.63	-1.92	-2.81
	-0.12	0.84	-2.14	-0.53	-5.82	-4.91	1.93	-0.54	5.64	-2.26	1.13	5.31
	-0.29	-0.30	0.20	0.00	7.21	0.00	0.00	-0.35	1.26	0.57	0.23	-0.90
Net Cash Flow	-1.40	0.71	0.06	-0.35	2.32	-3.39	0.23	0.05	0.10	0.94	-0.55	1.60
Free Cash Flow	-1.14	0.00	1.73	0.26	0.70	1.20	-1.81	0.74	-7.31	1.99	-2.32	-3.18
CFO/OP	-92%	192%	6,700%	31%	109%	642%	-335%	380%	-640%	695%	-194%	-48%

Ratios

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Debtor Days	237.27	192.82	90.89	112.33	126.27	165.05	212.05	157.96	178.71	105.29	59.71	148.16
Inventory Days	183.41	155.74	170.39	237.43	97.28	190.23	128.41	84.05	123.32	114.71	198.40	149.82
Days Payable	123.48	85.76	66.81	29.30	38.01	118.31	94.25	143.05	127.45	93.52	85.76	104.51
Cash Conversion Cycle	297.20	262.80	194.47	320.47	185.54	236.97	246.21	98.95	174.58	126.48	172.35	193.47
Working Capital Days	304.50	283.60	165.44	204.15	161.92	167.23	214.39	118.02	172.81	71.01	63.80	200.67
ROCE %	9.30%	2.42%	2.07%	7.16%	8.54%	2.19%	2.88%	2.02%	7.05%	5.35%	4.57%	15.86%

Insights

In beta

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Domestic Revenue Mix
Rs. Lakhs

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x.xx	x.xx	x.xx	xx.xx	xx.xx	xxx.xx	xx.xx	xxx.xx
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							xx,xxx
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International Revenue Mix
Rs. Lakhs

Number of Countries Served
Count

Employee Strength
Count

Revenue from Bus Transfer Systems
Percentage (%)

Order Book
Rs. Lakhs

Total Industries Served
Count

Total Number of Products & Services
Count

R&D Expenditure (Percentage of Turnover)
%

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

8 Recently

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026
	52.68%	52.68%	52.68%	52.68%	52.68%	52.68%	52.72%	52.72%	52.72%	52.72%	52.75%	52.75%
	0.00%	0.02%	0.00%	0.01%	0.00%	0.02%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
	0.00%	0.00%	0.00%	1.39%	1.39%	1.39%	1.39%	1.67%	1.38%	0.31%	0.00%	0.00%
	47.32%	47.30%	47.32%	45.92%	45.93%	45.91%	45.88%	45.60%	45.90%	46.96%	47.25%	47.25%
No. of Shareholders	270	3,552	4,227	4,734	5,662	11,251	13,082	14,359	13,866	14,358	14,274	13,779

	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	52.38%	52.38%	52.38%	52.38%	52.68%	52.68%	52.72%	52.75%
	0.00%	0.00%	0.00%	0.00%	0.00%	0.01%	0.00%	0.00%
	0.00%	0.00%	0.00%	0.00%	0.00%	1.39%	1.67%	0.00%
	47.62%	47.62%	47.62%	47.62%	47.33%	45.92%	45.60%	47.25%
No. of Shareholders	264	109	116	121	238	4,734	14,359	13,779

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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Aartech Solonics Ltd

Aartech Solonics Ltd

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Cash Flows

Ratios

Insights

Shareholding Pattern

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