Aartech Solonics Ltd
Incorporated in 1982, Aartech Solonics Ltd is a manufacturer of Electrical Machinery and Apparatus N.E.C.
- Market Cap ₹ 167 Cr.
- Current Price ₹ 52.7
- High / Low ₹ 106 / 49.8
- Stock P/E 63.4
- Book Value ₹ 9.90
- Dividend Yield 0.24 %
- ROCE 5.64 %
- ROE 8.23 %
- Face Value ₹ 5.00
Pros
- Debtor days have improved from 114 to 59.1 days.
- Company's working capital requirements have reduced from 120 days to 92.4 days
Cons
- Stock is trading at 5.32 times its book value
- Company has a low return on equity of 4.94% over last 3 years.
- Earnings include an other income of Rs.2.32 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
Industrials Capital Goods Electrical Equipment Heavy Electrical Equipment
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
---|---|---|---|---|---|---|---|---|---|
9.79 | 14.04 | 10.10 | 10.96 | 16.34 | 21.69 | 32.74 | 36.35 | 34.08 | |
9.65 | 13.71 | 10.12 | 10.46 | 13.81 | 20.40 | 32.26 | 34.74 | 34.06 | |
Operating Profit | 0.14 | 0.33 | -0.02 | 0.50 | 2.53 | 1.29 | 0.48 | 1.61 | 0.02 |
OPM % | 1.43% | 2.35% | -0.20% | 4.56% | 15.48% | 5.95% | 1.47% | 4.43% | 0.06% |
1.22 | 1.09 | 0.49 | 0.58 | 1.45 | 1.47 | 3.14 | 1.18 | 2.32 | |
Interest | 0.08 | 0.19 | 0.21 | 0.24 | 0.21 | 0.28 | 0.57 | 0.55 | 0.63 |
Depreciation | 0.32 | 0.27 | 0.30 | 0.38 | 0.34 | 0.44 | 0.47 | 0.50 | 0.51 |
Profit before tax | 0.96 | 0.96 | -0.04 | 0.46 | 3.43 | 2.04 | 2.58 | 1.74 | 1.20 |
Tax % | 20.83% | 45.83% | 400.00% | 45.65% | 18.08% | 30.39% | 49.22% | -59.20% | |
0.76 | 0.51 | -0.19 | 0.26 | 2.80 | 1.42 | 1.32 | 2.76 | 2.35 | |
EPS in Rs | 0.34 | 0.16 | -0.06 | 0.08 | 0.88 | 0.45 | 0.42 | 0.87 | 0.83 |
Dividend Payout % | 0.00% | 0.00% | 0.00% | 135.77% | 18.91% | 0.00% | 0.00% | 14.39% |
Compounded Sales Growth | |
---|---|
10 Years: | % |
5 Years: | 29% |
3 Years: | 31% |
TTM: | 3% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | 61% |
3 Years: | 14% |
TTM: | 57% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | 72% |
1 Year: | -22% |
Return on Equity | |
---|---|
10 Years: | % |
5 Years: | 4% |
3 Years: | 5% |
Last Year: | 8% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|
Equity Capital | 4.94 | 7.06 | 7.06 | 7.06 | 10.59 | 10.59 | 10.59 | 15.89 |
Reserves | 12.56 | 18.19 | 17.66 | 17.94 | 16.79 | 18.28 | 18.94 | 15.57 |
-0.01 | 1.10 | 2.36 | 1.11 | 0.65 | 2.69 | 4.20 | 5.64 | |
2.26 | 1.97 | 2.80 | 2.55 | 4.02 | 5.11 | 7.39 | 5.70 | |
Total Liabilities | 19.75 | 28.32 | 29.88 | 28.66 | 32.05 | 36.67 | 41.12 | 42.80 |
4.68 | 5.06 | 5.27 | 5.01 | 5.10 | 4.91 | 5.07 | 5.05 | |
CWIP | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.05 |
Investments | 4.41 | 6.42 | 8.47 | 6.62 | 8.13 | 10.60 | 14.00 | 12.69 |
10.66 | 16.84 | 16.14 | 17.03 | 18.82 | 21.16 | 22.05 | 25.01 | |
Total Assets | 19.75 | 28.32 | 29.88 | 28.66 | 32.05 | 36.67 | 41.12 | 42.80 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|
0.04 | -1.40 | 1.26 | -1.61 | 1.66 | -4.82 | 1.49 | -1.52 | |
-1.14 | -6.06 | -3.83 | 2.28 | -1.27 | 3.84 | -0.93 | 1.28 | |
2.28 | 8.30 | -0.48 | -0.39 | -0.23 | 1.17 | 0.40 | 0.28 | |
Net Cash Flow | 1.18 | 0.85 | -3.04 | 0.28 | 0.16 | 0.19 | 0.97 | 0.04 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|
Debtor Days | 128.63 | 132.07 | 168.04 | 212.81 | 160.39 | 177.70 | 105.69 | 59.14 |
Inventory Days | 275.16 | 104.76 | 194.22 | 138.23 | 121.23 | 147.32 | 131.77 | 222.96 |
Days Payable | 33.95 | 38.77 | 118.54 | 89.18 | 96.63 | 118.03 | 93.63 | 86.09 |
Cash Conversion Cycle | 369.84 | 198.05 | 243.72 | 261.85 | 184.98 | 207.00 | 143.82 | 196.02 |
Working Capital Days | 225.19 | 186.92 | 188.64 | 230.46 | 158.60 | 182.25 | 84.73 | 92.38 |
ROCE % | 3.74% | -0.26% | 1.06% | 8.47% | 7.45% | 4.81% | 5.64% |
Documents
Announcements
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Voting Results Of 43Rd Annual General Meeting
30 Sep - AGM Sep 30, 2025: Scrutinizer’s report, final dividend Re.0.125/share approved; financials adopted; director reappointments; secretarial auditor appointed.
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Shareholder Meeting / Postal Ballot-Scrutinizer''s Report
30 Sep - Scrutinizer's report: 43rd AGM on 30 Sep 2025; final dividend Re.0.125/share; all resolutions passed.
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Shareholder Meeting / Postal Ballot-Outcome of AGM
30 Sep - AGM approved FY2024-25 financials, final dividend 2.5% (Re.0.125/share); director reappointments; independent director reappointed till Feb 7, 2031.
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Closure of Trading Window
26 Sep - Trading window closed Oct 1, 2025 until 48 hours after Sep 30, 2025 quarterly results.
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Announcement under Regulation 30 (LODR)-Newspaper Publication
6 Sep - Company has completed the electronic dispatch of the Annual Report, including the Notice of the 43rd Annual General Meeting of the Company for the Financial …
Annual reports
Concalls
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Nov 2024TranscriptNotesPPT
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.