Aarti Industries Ltd

About [ edit ]

Aarti Industries is a leading Indian manufacturer of Speciality Chemicals and Pharmaceuticals with a global footprint. Chemicals manufactured by Aarti are used in the downstream manufacture of pharmaceuticals, agrochemicals, polymers, additives, surfactants, pigments, dyes, etc. #

Key Points [ edit ]
  • Market Cap 21,518 Cr.
  • Current Price 1,235
  • High / Low 1,366 / 662
  • Stock P/E 43.2
  • Book Value 184
  • Dividend Yield 0.28 %
  • ROCE 15.7 %
  • ROE 18.9 %
  • Face Value 5.00

Pros

  • Company has delivered good profit growth of 21.41% CAGR over last 5 years

Cons

  • The company has delivered a poor sales growth of 7.69% over past five years.
  • Company might be capitalizing the interest cost
  • Promoter holding has decreased over last 3 years: -6.29%

Peer comparison

Sector: Chemicals Industry: Chemicals

Loading peers table ...

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020
1,133 1,326 1,276 1,141 1,135 988 1,084 1,076 937 1,173 1,187
932 1,063 1,023 890 885 734 829 857 755 918 902
Operating Profit 200 263 253 251 250 254 254 219 182 254 285
OPM % 18% 20% 20% 22% 22% 26% 23% 20% 19% 22% 24%
Other Income 0 1 4 0 2 6 0 0 0 0 0
Interest 47 52 42 44 31 31 29 34 25 22 17
Depreciation 41 42 44 46 43 46 47 49 52 55 59
Profit before tax 113 171 171 161 178 183 179 136 105 177 209
Tax % 18% 19% 19% 21% 20% 17% 20% 19% 21% 19% 19%
Net Profit 90 134 134 125 138 148 140 110 82 140 165
EPS in Rs 5.54 8.26 8.22 7.23 7.97 8.47 8.03 6.33 4.70 8.05 9.49
Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 TTM
1,437 1,289 1,449 1,667 2,086 2,619 2,890 3,006 3,163 3,806 4,168 4,186 4,373
1,191 1,086 1,251 1,417 1,725 2,217 2,424 2,434 2,509 3,107 3,202 3,209 3,433
Operating Profit 246 203 198 249 361 401 466 572 654 699 965 977 940
OPM % 17% 16% 14% 15% 17% 15% 16% 19% 21% 18% 23% 23% 22%
Other Income 2 3 4 4 4 11 9 6 2 8 2 9 1
Interest 90 52 56 72 95 118 138 117 117 132 183 125 99
Depreciation 40 47 50 55 83 89 82 98 123 146 163 185 215
Profit before tax 119 107 96 126 187 206 255 363 416 429 622 676 628
Tax % 27% 36% 30% 29% 29% 26% 24% 26% 21% 19% 19% 19%
Net Profit 87 68 81 103 134 162 206 257 316 333 492 536 498
EPS in Rs 4.46 5.31 6.53 8.50 9.17 11.62 15.42 19.23 20.48 28.37 30.77 28.57
Dividend Payout % 25% 28% 24% 27% 24% 25% 24% 28% 3% 2% 19% 11%
Compounded Sales Growth
10 Years:13%
5 Years:8%
3 Years:10%
TTM:1%
Compounded Profit Growth
10 Years:23%
5 Years:21%
3 Years:19%
TTM:-10%
Stock Price CAGR
10 Years:48%
5 Years:43%
3 Years:29%
1 Year:27%
Return on Equity
10 Years:21%
5 Years:22%
3 Years:21%
Last Year:19%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Sep 2020
36 38 38 40 40 44 44 42 41 41 43 87 87
Reserves 337 416 467 551 712 826 972 1,096 1,321 1,538 2,587 2,892 3,123
Borrowings 484 438 528 628 849 1,039 1,202 1,292 1,564 2,083 2,401 2,098 2,174
227 322 361 442 576 760 719 538 573 730 826 1,256 1,512
Total Liabilities 1,084 1,215 1,395 1,660 2,176 2,670 2,938 2,966 3,499 4,391 5,858 6,332 6,896
392 407 412 443 674 826 967 1,246 1,697 1,998 2,147 2,468 2,757
CWIP 9 9 18 54 69 117 193 313 270 436 795 1,418 1,550
Investments 41 54 76 94 95 117 139 41 47 47 33 37 39
643 744 888 1,068 1,338 1,609 1,639 1,366 1,486 1,910 2,884 2,409 2,549
Total Assets 1,084 1,215 1,395 1,660 2,176 2,670 2,938 2,966 3,499 4,391 5,858 6,332 6,896

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
164 191 61 121 230 315 340 574 470 335 736 1,102
-78 -76 -82 -134 -229 -291 -298 -452 -529 -610 -797 -1,124
-88 -111 22 11 1 -22 -23 -128 58 279 833 -535
Net Cash Flow -2 4 1 -2 2 2 19 -7 -0 4 772 -557

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
ROCE % 26% 18% 16% 17% 20% 18% 19% 21% 20% 17% 18% 16%
Debtor Days 68 73 84 89 75 62 55 64 61 63 68 66
Inventory Turnover 4.68 3.56 3.45 3.69 3.24 3.13 3.16 3.39 3.09 3.06 2.58 2.34

Shareholding Pattern

Numbers in percentages

Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020
51.07 53.07 53.00 52.74 49.36 48.97 48.29 48.25 47.75 47.45 47.55 47.34
3.64 3.82 4.22 4.45 7.43 7.75 7.67 7.49 8.28 7.37 7.52 9.00
14.17 14.30 13.92 14.35 15.91 15.92 16.42 16.65 16.56 16.22 15.78 14.61
31.12 28.82 28.85 28.47 27.30 27.36 27.63 27.62 27.41 28.96 29.15 29.06

Documents

Add document