Aarti Industries Ltd

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

Aarti Industries Ltd

₹ 749 1.84%
16 Apr - close price
aarti-industries.com BSE: 524208 NSE : AARTIIND
About

Incorporated in 1984, Aarti Industries Ltd manufactures and deals in Speciality Chemicals and Pharmaceuticals[1]

Key Points

Business Overview:[1][2]
Company manufactures speciality chemicals in Benzene based derivatives. Key value chains include Nitro Chloro Benzenes (NCBs), Di-Chloro Benzenes (DCBs), Phenylenediamines (PDAs), Nitro Toluene Value Chain and Equivalent Sulphuric Acid (E.S.A) & downstream.
Company has 21+ manufacturing units, 100+ products, 700+ domestic customers, 400+ export customers in 60+ countries with major presence in the USA, Europe, Japan, etc.

Website BSE NSE
  • Market Cap ₹ 27,146 Cr.
  • Current Price ₹ 749
  • High / Low ₹ 760 / 438
  • Stock P/E 62.6
  • Book Value ₹ 139
  • Dividend Yield 0.33 %
  • ROCE 10.4 %
  • ROE 11.6 %
  • Face Value ₹ 5.00
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Pros

Cons

  • Tax rate seems low
  • Company might be capitalizing the interest cost
  • Promoter holding has decreased over last 3 years: -3.39%

* 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

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
1,143 1,143 1,314 1,255 2,055 1,718 1,605 1,686 1,635 1,639 1,404 1,450 1,724
873 895 1,007 1,000 1,166 1,389 1,322 1,417 1,349 1,387 1,202 1,217 1,465
Operating Profit 269 249 307 255 889 329 283 269 286 252 202 233 259
OPM % 24% 22% 23% 20% 43% 19% 18% 16% 17% 15% 14% 16% 15%
2 0 0 1 0 3 0 0 0 0 0 0 8
Interest 17 23 38 14 23 30 44 44 45 33 40 58 54
Depreciation 55 62 67 57 57 75 72 73 82 84 89 93 97
Profit before tax 199 164 202 184 809 226 167 152 159 135 73 82 116
Tax % 19% 18% 19% 18% 10% 16% 18% 17% 15% -10% 3% -11% -7%
162 134 162 150 725 190 137 126 135 148 71 91 124
EPS in Rs 4.64 3.84 4.48 4.15 19.99 5.23 3.78 3.48 3.73 4.08 1.96 2.51 3.42
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Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
1,667 2,086 2,619 2,853 2,934 3,050 3,699 4,025 3,994 4,317 6,040 6,565 6,217
1,422 1,729 2,223 2,396 2,404 2,442 3,043 3,108 3,065 3,382 4,329 5,477 5,271
Operating Profit 245 356 396 456 530 608 657 917 930 935 1,711 1,088 946
OPM % 15% 17% 15% 16% 18% 20% 18% 23% 23% 22% 28% 17% 15%
3 4 10 5 10 3 2 5 11 2 1 0 8
Interest 72 95 118 137 116 117 131 179 122 86 102 166 185
Depreciation 54 82 87 79 93 115 136 151 173 218 244 310 363
Profit before tax 122 184 201 246 331 379 392 591 646 632 1,366 613 406
Tax % 29% 29% 26% 24% 24% 19% 19% 19% 19% 19% 13% 11%
87 131 149 188 252 307 316 481 523 514 1,182 546 434
EPS in Rs 2.76 4.15 4.20 5.30 7.58 9.34 9.73 13.88 15.02 14.74 32.61 15.06 11.97
Dividend Payout % 32% 24% 27% 26% 28% 3% 3% 20% 12% 10% 11% 17%
Compounded Sales Growth
10 Years: 12%
5 Years: 12%
3 Years: 18%
TTM: -6%
Compounded Profit Growth
10 Years: 15%
5 Years: 12%
3 Years: 2%
TTM: -26%
Stock Price CAGR
10 Years: 39%
5 Years: 16%
3 Years: 5%
1 Year: 36%
Return on Equity
10 Years: 20%
5 Years: 20%
3 Years: 19%
Last Year: 12%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 40 40 44 44 42 41 41 43 87 87 181 181 181
Reserves 473 637 734 864 1,052 1,269 1,475 2,517 2,815 3,325 4,320 4,740 4,850
625 846 1,037 1,201 1,275 1,545 2,047 2,366 2,073 2,851 2,581 2,907 3,205
431 550 749 710 467 485 620 702 1,115 1,251 748 762 1,035
Total Liabilities 1,568 2,073 2,565 2,819 2,836 3,341 4,182 5,628 6,089 7,514 7,830 8,590 9,271
433 664 793 936 1,170 1,567 1,844 1,979 2,302 3,511 3,635 4,824 5,246
CWIP 54 62 113 188 307 267 431 795 1,418 1,298 1,303 1,096 1,057
Investments 21 19 32 63 56 62 56 33 37 36 3 12 19
1,060 1,328 1,627 1,632 1,304 1,446 1,850 2,820 2,333 2,669 2,889 2,658 2,949
Total Assets 1,568 2,073 2,565 2,819 2,836 3,341 4,182 5,628 6,089 7,514 7,830 8,590 9,271

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
119 217 292 357 550 411 312 700 1,065 844 507 1,272
-131 -219 -271 -323 -424 -470 -574 -768 -1,109 -1,307 -1,162 -1,301
12 3 -19 -20 -128 57 264 839 -520 635 417 55
Net Cash Flow 1 1 3 14 -2 -3 2 771 -564 173 -239 27

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 89 75 65 60 65 66 69 73 72 69 68 54
Inventory Days 109 150 146 124 104 124 132 139 167 186 137 115
Days Payable 58 70 89 57 66 67 67 53 69 121 53 47
Cash Conversion Cycle 140 155 122 126 103 123 135 159 169 135 153 122
Working Capital Days 124 122 102 94 93 94 104 100 96 65 122 96
ROCE % 18% 21% 19% 19% 20% 19% 16% 18% 15% 13% 22% 10%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
44.90% 44.21% 44.21% 44.19% 44.19% 44.16% 44.15% 44.07% 43.65% 43.57% 43.54% 43.43%
11.90% 11.86% 12.27% 12.46% 11.82% 12.11% 12.05% 12.32% 12.17% 10.58% 10.83% 10.93%
13.62% 14.75% 14.54% 14.89% 15.07% 15.02% 14.54% 14.74% 14.83% 16.14% 15.82% 17.24%
0.00% 0.00% 0.00% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.02% 0.03%
29.57% 29.18% 28.98% 28.45% 28.91% 28.69% 29.26% 28.87% 29.33% 29.72% 29.78% 28.38%
No. of Shareholders 2,13,7212,59,5742,82,9802,95,7633,40,3583,40,7693,76,5483,85,7513,97,9074,23,1404,18,1233,77,953

* 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.

Click on the line-items to see the names of individual entities.

Documents

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