Aarti Industries Ltd

Aarti Industries Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Aarti Industries Ltd

₹ 484 1.33%
28 May 10:18 a.m.
aarti-industries.com BSE: 524208 NSE: AARTIIND
About

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]

Key Points

Business Overview:[1]
Aarti Industries is a diversified chemicals company engaged in specialty chemicals, agrochemicals and fertilizers, dyes, pigments and printing inks, pharmaceutical intermediates, polymer and additives, energy-related chemicals, and other specialty applications.

Website BSE NSE
  • Market Cap ₹ 17,551 Cr.
  • Current Price ₹ 484
  • High / Low ₹ 767 / 344
  • Stock P/E 51.8
  • Book Value ₹ 155
  • Dividend Yield 0.21 %
  • ROCE 6.57 %
  • ROE 6.21 %
  • Face Value ₹ 5.00
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Pros

  • Company's working capital requirements have reduced from 77.6 days to 53.9 days

Cons

  • Stock is trading at 3.09 times its book value
  • Tax rate seems low
  • Company has a low return on equity of 8.55% over last 3 years.
  • Company might be capitalizing the interest cost
  • Dividend payout has been low at 12.0% of profits over 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.

Peer comparison

Sector: Chemicals Industry: Chemicals

Part of BSE 500 Nifty 500 BSE MidCap Nifty Smallcap 100 Nifty High Beta 50

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025
1,718 1,605 1,686 1,635 1,639 1,404 1,450 1,724 1,769 1,849 1,716 1,751 1,992
1,389 1,322 1,417 1,349 1,387 1,202 1,217 1,465 1,486 1,543 1,517 1,518 1,720
Operating Profit 329 283 269 286 252 202 233 259 283 306 199 233 272
OPM % 19% 18% 16% 17% 15% 14% 16% 15% 16% 17% 12% 13% 14%
3 0 0 0 0 0 0 8 0 6 8 3 -3
Interest 30 44 44 45 33 40 58 54 59 64 62 85 64
Depreciation 75 72 73 82 84 89 93 97 98 102 108 110 113
Profit before tax 226 167 152 159 135 73 82 116 126 146 37 41 92
Tax % 16% 18% 17% 15% -10% 3% -11% -7% -5% 5% -49% -15% -8%
190 137 126 135 148 71 91 124 132 138 55 47 99
EPS in Rs 5.23 3.78 3.48 3.73 4.08 1.96 2.51 3.42 3.64 3.81 1.52 1.30 2.73
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Profit & Loss

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 Mar 2025
2,619 2,853 2,934 3,050 3,699 4,025 3,994 4,317 6,040 6,565 6,347 7,305
2,223 2,396 2,404 2,442 3,043 3,108 3,065 3,382 4,329 5,477 5,366 6,300
Operating Profit 396 456 530 608 657 917 930 935 1,711 1,088 981 1,005
OPM % 15% 16% 18% 20% 18% 23% 23% 22% 28% 17% 15% 14%
10 5 10 3 2 5 11 2 1 0 3 19
Interest 118 137 116 117 131 179 122 86 102 166 211 275
Depreciation 87 79 93 115 136 151 173 218 244 310 377 433
Profit before tax 201 246 331 379 392 591 646 632 1,366 613 396 316
Tax % 26% 24% 24% 19% 19% 19% 19% 19% 13% 11% -5% -7%
149 188 252 307 316 481 523 514 1,182 546 417 339
EPS in Rs 4.20 5.30 7.58 9.34 9.73 13.88 15.02 14.74 32.61 15.06 11.51 9.35
Dividend Payout % 27% 26% 28% 3% 3% 20% 12% 10% 11% 17% 9% 11%
Compounded Sales Growth
10 Years: 10%
5 Years: 13%
3 Years: 7%
TTM: 15%
Compounded Profit Growth
10 Years: 6%
5 Years: -8%
3 Years: -34%
TTM: -19%
Stock Price CAGR
10 Years: 21%
5 Years: 2%
3 Years: -12%
1 Year: -24%
Return on Equity
10 Years: 16%
5 Years: 13%
3 Years: 9%
Last Year: 6%

Balance Sheet

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 Mar 2025
Equity Capital 44 44 42 41 41 43 87 87 181 181 181 181
Reserves 734 864 1,052 1,269 1,475 2,517 2,815 3,325 4,320 4,740 5,111 5,437
1,037 1,201 1,275 1,545 2,047 2,366 2,073 2,851 2,581 2,907 3,241 3,846
749 710 467 485 620 702 1,115 1,251 748 762 1,109 1,651
Total Liabilities 2,565 2,819 2,836 3,341 4,182 5,628 6,089 7,514 7,830 8,590 9,643 11,115
793 936 1,170 1,567 1,844 1,979 2,302 3,511 3,635 4,824 5,605 6,509
CWIP 113 188 307 267 431 795 1,418 1,298 1,303 1,096 1,229 1,276
Investments 32 63 56 62 56 33 37 36 3 12 19 90
1,627 1,632 1,304 1,446 1,850 2,820 2,333 2,669 2,889 2,658 2,790 3,240
Total Assets 2,565 2,819 2,836 3,341 4,182 5,628 6,089 7,514 7,830 8,590 9,643 11,115

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 Mar 2025
292 357 550 411 312 700 1,065 844 507 1,281 1,166 1,282
-271 -323 -424 -470 -574 -768 -1,109 -1,307 -1,162 -1,301 -1,269 -1,435
-19 -20 -128 57 264 839 -520 635 417 46 35 -74
Net Cash Flow 3 14 -2 -3 2 771 -564 173 -239 27 -69 -227

Ratios

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 Mar 2025
Debtor Days 65 60 65 66 69 73 72 69 68 54 50 43
Inventory Days 146 124 104 124 132 139 167 186 137 115 121 108
Days Payable 89 57 66 67 67 53 69 121 53 26 58 95
Cash Conversion Cycle 122 126 103 123 135 159 169 135 153 143 113 55
Working Capital Days 102 94 93 94 104 100 96 65 122 96 83 54
ROCE % 19% 19% 20% 19% 16% 18% 15% 13% 22% 10% 7% 7%

Shareholding Pattern

Numbers in percentages

Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025
44.19% 44.16% 44.15% 44.07% 43.65% 43.57% 43.54% 43.43% 43.24% 42.61% 42.35% 42.24%
11.82% 12.11% 12.05% 12.32% 12.17% 10.58% 10.83% 10.93% 10.61% 9.68% 7.25% 6.29%
15.07% 15.02% 14.54% 14.74% 14.83% 16.14% 15.82% 17.24% 18.55% 18.11% 17.93% 19.96%
0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.02% 0.03% 0.03% 0.01% 0.01% 0.01%
28.91% 28.69% 29.26% 28.87% 29.33% 29.72% 29.78% 28.38% 27.58% 29.58% 32.46% 31.48%
No. of Shareholders 3,40,3583,40,7693,76,5483,85,7513,97,9074,23,1404,18,1233,77,9533,49,4153,94,1544,50,5884,39,227

* 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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Documents

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