Aartech Solonics Ltd

₹ 77.8 -1.47%

12 Dec 1:13 p.m.

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 ₹ 247 Cr.
Current Price ₹ 77.8
High / Low ₹ 88.1 / 42.0
Stock P/E 71.4
Book Value ₹ 10.4
Dividend Yield 0.31 %
ROCE 5.35 %
ROE 2.05 %
Face Value ₹ 5.00

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Pros

Company is expected to give good quarter
Debtor days have improved from 147 to 105 days.
Company's working capital requirements have reduced from 156 days to 117 days

Cons

Stock is trading at 7.48 times its book value
Company has a low return on equity of 2.57% over last 3 years.
Earnings include an other income of Rs.4.95 Cr.

* 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

Sector: Capital Goods - Electrical Equipment Industry: Electric Equipment

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Detailed Comparison with:

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024
	10.50	4.85	3.80	2.50	6.30	9.05	7.34	10.00	6.61	9.41
	10.03	5.86	3.37	3.13	5.91	9.00	7.91	9.47	6.90	8.41
Operating Profit	0.47	-1.01	0.43	-0.63	0.39	0.05	-0.57	0.53	-0.29	1.00
OPM %	4.48%	-20.82%	11.32%	-25.20%	6.19%	0.55%	-7.77%	5.30%	-4.39%	10.63%
	0.61	0.27	0.79	0.12	0.80	0.67	1.46	0.34	2.12	1.03
Interest	0.09	0.09	0.09	0.04	0.14	0.13	0.14	0.15	0.13	0.13
Depreciation	0.27	0.11	0.07	0.01	0.08	0.08	0.09	0.11	0.09	0.10
Profit before tax	0.72	-0.94	1.06	-0.56	0.97	0.51	0.66	0.61	1.61	1.80
Tax %	44.44%	17.02%	16.04%	-8.93%	27.84%	5.88%	12.12%	77.05%	30.43%	10.00%
	0.39	-1.10	0.89	-0.52	0.70	0.48	0.58	0.14	1.12	1.62
EPS in Rs	0.12	-0.35	0.28	-0.16	0.22	0.15	0.18	0.04	0.35	0.51
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2012	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	TTM
	8.56	8.86	9.23	9.73	12.73	11.21	14.54	10.04	10.93	16.36	21.65	32.69	33.36
	5.95	9.75	8.14	9.47	12.70	10.22	13.36	9.78	10.44	16.06	20.68	32.29	32.69
Operating Profit	2.61	-0.89	1.09	0.26	0.03	0.99	1.18	0.26	0.49	0.30	0.97	0.40	0.67
OPM %	30.49%	-10.05%	11.81%	2.67%	0.24%	8.83%	8.12%	2.59%	4.48%	1.83%	4.48%	1.22%	2.01%
	-0.26	0.68	0.71	0.52	0.69	0.78	1.27	0.78	0.94	1.82	1.63	3.27	4.95
Interest	0.03	0.20	0.09	0.18	0.08	0.09	0.11	0.13	0.20	0.20	0.28	0.56	0.55
Depreciation	0.17	0.27	0.29	0.34	0.32	0.31	0.21	0.19	0.21	0.20	0.32	0.35	0.39
Profit before tax	2.15	-0.68	1.42	0.26	0.32	1.37	2.13	0.72	1.02	1.72	2.00	2.76	4.68
Tax %	29.77%	2.94%	20.42%	11.54%	9.38%	13.87%	20.66%	18.06%	17.65%	18.02%	31.00%	47.46%
	1.51	-0.70	1.13	0.23	0.30	1.18	1.70	0.59	0.84	1.42	1.38	1.44	3.46
EPS in Rs	0.68	-0.32	0.51	0.10	0.14	0.53	0.53	0.19	0.26	0.45	0.43	0.45	1.08
Dividend Payout %	32.65%	-35.29%	21.86%	107.39%	0.00%	0.00%	0.00%	0.00%	42.02%	37.29%	0.00%	0.00%

Compounded Sales Growth
10 Years:	14%
5 Years:	18%
3 Years:	44%
TTM:	54%

Compounded Profit Growth
10 Years:	11%
5 Years:	-15%
3 Years:	7%
TTM:	123%

Stock Price CAGR
10 Years:	%
5 Years:	58%
3 Years:	60%
1 Year:	59%

Return on Equity
10 Years:	3%
5 Years:	2%
3 Years:	3%
Last Year:	2%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2012	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Sep 2024
Equity Capital	4.93	4.94	4.94	4.94	4.94	4.94	7.06	7.06	7.06	10.59	10.59	10.59	15.89
Reserves	10.16	11.02	11.59	11.53	11.83	12.97	19.76	20.00	20.84	18.38	19.70	20.60	17.25
	0.00	0.00	0.00	0.00	0.50	0.00	0.00	1.74	0.88	0.65	2.78	4.20	4.25
	2.93	2.08	2.69	2.26	2.19	1.47	1.70	2.44	2.34	5.28	5.55	7.24	7.97
Total Liabilities	18.02	18.04	19.22	18.73	19.46	19.38	28.52	31.24	31.12	34.90	38.62	42.63	45.36
	3.12	3.19	2.79	2.62	2.47	3.36	3.42	3.60	3.51	3.74	3.67	3.95	3.57
CWIP	0.00	0.01	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Investments	1.82	2.48	2.74	3.08	5.80	3.13	6.43	9.07	10.69	12.59	13.91	13.70	15.97
	13.08	12.36	13.69	13.03	11.19	12.89	18.67	18.57	16.92	18.57	21.04	24.98	25.82
Total Assets	18.02	18.04	19.22	18.73	19.46	19.38	28.52	31.24	31.12	34.90	38.62	42.63	45.36

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
	2.47	-1.00	0.16	1.99	0.18	0.94	1.52	-1.70	0.95	-6.79	2.23
	-1.08	-0.12	0.84	-2.14	-0.53	-5.82	-4.91	1.93	-0.54	5.64	-1.86
	-0.28	-0.29	-0.30	0.20	0.00	7.21	0.00	0.00	-0.35	1.26	0.57
Net Cash Flow	1.11	-1.40	0.71	0.06	-0.35	2.32	-3.39	0.23	0.05	0.10	0.94

Ratios

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2012	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Debtor Days	139.43	132.65	237.27	192.82	90.89	112.33	126.27	165.05	212.05	157.96	178.71	105.29
Inventory Days	390.00	169.77	183.41	155.74	170.39	237.43	97.28	190.23	128.41	84.05	123.32	114.71
Days Payable	51.67	72.15	123.48	85.76	66.81	29.30	38.01	118.31	94.25	143.05	127.45	93.52
Cash Conversion Cycle	477.77	230.27	297.20	262.80	194.47	320.47	185.54	236.97	246.21	98.95	174.58	126.48
Working Capital Days	243.48	247.18	304.50	283.60	179.78	204.15	161.92	230.49	243.78	132.52	218.16	117.35
ROCE %	20.32%		9.30%	2.42%	2.07%	7.16%	8.54%	2.19%	2.88%	2.02%	7.05%	5.35%

Shareholding Pattern

Numbers in percentages

22 Recently

	Mar 2021	Sep 2021	Mar 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024
	52.38%	52.38%	52.38%	52.38%	52.38%	52.68%	52.68%	52.68%	52.68%	52.68%	52.68%	52.68%
	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	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%
	47.62%	47.62%	47.62%	47.63%	47.62%	47.33%	47.32%	47.30%	47.32%	45.92%	45.93%	45.91%
No. of Shareholders	116	124	121	140	226	238	270	3,552	4,227	4,734	5,662	11,251

	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Sep 2024
	52.38%	52.38%	52.38%	52.38%	52.68%	52.68%	52.68%
	0.00%	0.00%	0.00%	0.00%	0.00%	0.01%	0.02%
	0.00%	0.00%	0.00%	0.00%	0.00%	1.39%	1.39%
	47.62%	47.62%	47.62%	47.62%	47.33%	45.92%	45.91%
No. of Shareholders	264	109	116	121	238	4,734	11,251

* 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

Shareholding Pattern

Documents

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