Aarti Industries Ltd

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

Aarti Industries Ltd

₹ 441 0.89%
20 Jun - close price
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 ₹ 15,998 Cr.
  • Current Price ₹ 441
  • High / Low ₹ 767 / 344
  • Stock P/E 48.6
  • Book Value ₹ 155
  • Dividend Yield 0.23 %
  • ROCE 6.45 %
  • ROE 6.04 %
  • Face Value ₹ 5.00
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Pros

  • Company's working capital requirements have reduced from 76.8 days to 53.5 days

Cons

  • Stock is trading at 2.85 times its book value
  • The company has delivered a poor sales growth of 11.7% over past five years.
  • Tax rate seems low
  • Company has a low return on equity of 8.47% over last 3 years.
  • Company might be capitalizing the interest cost
  • Dividend payout has been low at 12.1% 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

Commodities Chemicals Chemicals & Petrochemicals Specialty Chemicals

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

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

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
1,756 1,610 1,685 1,668 1,656 1,414 1,454 1,732 1,773 1,855 1,628 1,843 1,949
1,417 1,326 1,418 1,379 1,403 1,214 1,221 1,473 1,489 1,550 1,431 1,608 1,681
Operating Profit 339 284 267 289 253 200 233 259 284 305 197 235 268
OPM % 19% 18% 16% 17% 15% 14% 16% 15% 16% 16% 12% 13% 14%
0 0 0 0 0 0 0 8 -1 6 7 1 -3
Interest 31 45 44 47 33 40 58 54 59 64 62 85 64
Depreciation 77 72 73 82 84 89 93 97 98 102 108 111 113
Profit before tax 231 167 150 160 136 71 82 116 126 145 34 40 88
Tax % 16% 19% 17% 15% -10% 1% -11% -7% -5% 6% -53% -15% -9%
194 136 124 137 149 70 91 124 132 137 52 46 96
EPS in Rs 5.34 3.75 3.42 3.77 4.11 1.93 2.51 3.42 3.64 3.78 1.43 1.27 2.65
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Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

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 2,890 3,006 3,163 3,806 4,168 4,186 4,506 6,086 6,619 6,372 7,271
2,217 2,424 2,434 2,509 3,106 3,202 3,209 3,525 4,365 5,530 5,391 6,271
Operating Profit 402 466 572 654 700 965 977 982 1,720 1,089 982 1,000
OPM % 15% 16% 19% 21% 18% 23% 23% 22% 28% 16% 15% 14%
11 9 6 2 7 2 9 1 1 1 3 16
Interest 118 138 117 117 132 183 125 86 102 168 211 275
Depreciation 89 82 98 123 146 163 185 231 246 310 378 434
Profit before tax 206 255 363 416 429 622 676 665 1,372 611 395 307
Tax % 26% 24% 26% 21% 19% 19% 19% 19% 14% 11% -5% -8%
163 208 268 328 346 504 547 535 1,186 545 416 331
EPS in Rs 4.58 5.81 7.71 9.62 10.24 14.18 15.39 15.02 32.71 15.04 11.49 9.13
Dividend Payout % 25% 24% 28% 3% 2% 19% 11% 10% 11% 17% 9% 11%
Compounded Sales Growth
10 Years: 10%
5 Years: 12%
3 Years: 6%
TTM: 14%
Compounded Profit Growth
10 Years: 5%
5 Years: -9%
3 Years: -35%
TTM: -22%
Stock Price CAGR
10 Years: 19%
5 Years: 0%
3 Years: -11%
1 Year: -38%
Return on Equity
10 Years: 16%
5 Years: 13%
3 Years: 8%
Last Year: 6%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

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 826 972 1,096 1,321 1,538 2,587 2,892 3,416 4,335 4,739 5,109 5,424
1,039 1,202 1,292 1,564 2,083 2,401 2,098 2,857 2,587 2,907 3,242 3,847
760 719 538 573 730 826 1,256 1,282 748 754 1,084 1,662
Total Liabilities 2,670 2,938 2,966 3,499 4,391 5,858 6,332 7,642 7,851 8,581 9,616 11,114
826 967 1,246 1,697 1,998 2,147 2,468 3,593 3,595 4,861 5,649 6,556
CWIP 117 193 313 270 436 795 1,418 1,298 1,346 1,096 1,229 1,274
Investments 117 139 41 47 47 33 37 64 28 17 23 48
1,609 1,639 1,366 1,486 1,910 2,884 2,409 2,688 2,882 2,607 2,714 3,236
Total Assets 2,670 2,938 2,966 3,499 4,391 5,858 6,332 7,642 7,851 8,581 9,616 11,114

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
315 340 574 470 335 736 1,102 873 519 1,319 1,204 1,242
-291 -298 -452 -529 -610 -797 -1,124 -1,322 -1,169 -1,330 -1,310 -1,398
-22 -23 -128 58 279 833 -535 614 412 38 35 -73
Net Cash Flow 2 19 -7 -0 4 772 -557 165 -239 27 -71 -229

Ratios

Consolidated Figures in Rs. Crores / View Standalone

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 62 55 64 61 63 68 66 64 65 52 47 39
Inventory Days 147 123 108 136 144 152 174 190 143 115 122 114
Days Payable 90 55 67 71 69 55 72 117 53 24 55 97
Cash Conversion Cycle 119 123 105 125 138 165 168 137 155 143 114 56
Working Capital Days 99 91 96 93 103 99 93 63 120 95 82 53
ROCE % 18% 19% 20% 19% 16% 18% 15% 13% 22% 10% 7% 6%

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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