Aarti Surfactants Ltd

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

Aarti Surfactants Ltd

₹ 686 -0.14%
03 May - close price
aarti-surfactants.com BSE: 543210 NSE : AARTISURF
About

Incorporated in 2018, Aarti Surfactants
Ltd is in the business of Home and personal care ingredients[1]

Key Points

Business Overview:[1][2]
ASL is a part of the Arti group. It was formed as a result of the demerger of the home and personal care division of Aarti Industries Limited. ASL is a producer of ionic and non-ionic surfactants and specialty products, serving Home & Personal Care, Industrial Applications, Agro and Oil industries.
It also manufactures formulated blends

Website BSE NSE
  • Market Cap ₹ 581 Cr.
  • Current Price ₹ 686
  • High / Low ₹ 854 / 543
  • Stock P/E 26.1
  • Book Value ₹ 259
  • Dividend Yield 0.00 %
  • ROCE 14.4 %
  • ROE 11.5 %
  • Face Value ₹ 10.0
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Pros

  • Company has reduced debt.

Cons

  • Stock is trading at 2.65 times its book value
  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company has a low return on equity of 8.43% 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

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
126.17 149.15 139.82 135.15 151.40 158.13 151.77 133.55 157.84 148.70 143.86 138.75 158.55
114.28 137.52 132.24 126.39 147.21 146.63 143.00 119.98 143.94 133.90 127.60 122.02 143.34
Operating Profit 11.89 11.63 7.58 8.76 4.19 11.50 8.77 13.57 13.90 14.80 16.26 16.73 15.21
OPM % 9.42% 7.80% 5.42% 6.48% 2.77% 7.27% 5.78% 10.16% 8.81% 9.95% 11.30% 12.06% 9.59%
0.01 0.03 0.00 0.01 0.24 0.10 0.09 0.06 0.09 0.03 0.03 0.03 0.05
Interest 1.66 2.53 2.82 3.06 2.25 2.98 3.74 4.16 3.91 3.32 3.66 3.65 3.41
Depreciation 3.39 3.42 3.48 3.51 2.04 3.49 4.06 4.01 3.93 3.95 3.85 4.02 4.15
Profit before tax 6.85 5.71 1.28 2.20 0.14 5.13 1.06 5.46 6.15 7.56 8.78 9.09 7.70
Tax % 16.79% 20.84% 35.16% 200.91% -1,600.00% 27.68% 69.81% 27.11% 23.90% 30.56% 45.90% 26.40% 27.40%
5.70 4.52 0.83 -2.23 2.38 3.71 0.32 3.98 4.70 5.25 4.75 6.68 5.59
EPS in Rs 6.71 5.32 0.98 -2.62 2.80 4.36 0.38 4.68 5.53 6.18 5.59 7.86 6.61
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
264 326 466 576 601 590
259 302 420 543 554 527
Operating Profit 5 24 46 32 48 63
OPM % 2% 7% 10% 6% 8% 11%
0 0 0 0 0 0
Interest 2 10 10 11 15 14
Depreciation 9 11 12 12 15 16
Profit before tax -6 3 23 9 18 33
Tax % -8% 29% 6% 41% 29% 33%
-6 2 22 6 13 22
EPS in Rs 2.46 25.46 6.47 14.95 26.33
Dividend Payout % 0% 0% 11% 0% 0% 0%
Compounded Sales Growth
10 Years: %
5 Years: 17%
3 Years: 8%
TTM: -2%
Compounded Profit Growth
10 Years: %
5 Years: 40%
3 Years: 1%
TTM: 75%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: -22%
1 Year: 7%
Return on Equity
10 Years: %
5 Years: 9%
3 Years: 8%
Last Year: 12%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 0 8 8 8 8 8
Reserves 136 103 125 128 160 211
Preference Capital 0 19 19 20 21
97 90 133 141 128 99
47 61 121 125 106 105
Total Liabilities 280 262 387 402 402 423
138 151 187 173 204 206
CWIP 4 14 20 48 7 6
Investments 32 0 0 0 5 5
106 97 180 182 187 206
Total Assets 280 262 387 402 402 423

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
-13 18 36 23 25 52
-28 -2 -60 -23 9 -16
41 -16 32 -6 -27 -37
Net Cash Flow 0 0 7 -5 6 -1

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 42 20 43 35 40 43
Inventory Days 98 83 76 60 60 81
Days Payable 71 28 81 56 44 55
Cash Conversion Cycle 69 75 38 38 55 69
Working Capital Days 90 67 59 54 65 70
ROCE % 6% 13% 7% 11%

Shareholding Pattern

Numbers in percentages

14 Recently
Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
47.28% 47.28% 45.04% 45.04% 45.04% 45.04% 45.04% 49.81% 49.81% 49.81% 49.81% 49.81%
1.55% 1.55% 1.00% 0.62% 0.65% 0.64% 0.59% 0.06% 0.04% 0.04% 0.04% 0.09%
0.38% 0.30% 0.30% 0.30% 0.30% 0.30% 0.30% 0.16% 0.00% 0.00% 0.01% 0.00%
0.00% 0.00% 0.00% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01%
50.79% 50.87% 53.66% 54.03% 54.00% 54.01% 54.05% 49.95% 50.14% 50.14% 50.14% 50.10%
No. of Shareholders 34,95839,48039,56939,69740,89041,46540,87741,14040,84841,22841,71143,091

* 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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