Aarti Surfactants Ltd
Incorporated in 2018, Aarti Surfactants
Ltd is in the business of Home and personal care ingredients[1]
- Market Cap ₹ 329 Cr.
- Current Price ₹ 389
- High / Low ₹ 605 / 316
- Stock P/E 26.0
- Book Value ₹ 292
- Dividend Yield 0.26 %
- ROCE 8.58 %
- ROE 5.27 %
- Face Value ₹ 10.0
Pros
- Company's working capital requirements have reduced from 32.3 days to 21.5 days
Cons
- Company has a low return on equity of 7.11% over last 3 years.
- Dividend payout has been low at 4.11% 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
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| 264 | 326 | 466 | 576 | 601 | 590 | 659 | 859 | |
| 259 | 302 | 420 | 543 | 554 | 527 | 617 | 812 | |
| Operating Profit | 5 | 24 | 46 | 32 | 48 | 63 | 42 | 47 |
| OPM % | 2% | 7% | 10% | 6% | 8% | 11% | 6% | 5% |
| 0 | 0 | 0 | 0 | 0 | 0 | 8 | 0 | |
| Interest | 2 | 10 | 10 | 11 | 15 | 14 | 12 | 12 |
| Depreciation | 9 | 11 | 12 | 12 | 15 | 16 | 17 | 17 |
| Profit before tax | -6 | 3 | 23 | 9 | 18 | 33 | 21 | 18 |
| Tax % | 8% | 29% | 6% | 41% | 29% | 33% | 29% | 28% |
| -6 | 2 | 22 | 6 | 13 | 22 | 15 | 13 | |
| EPS in Rs | 2.46 | 25.46 | 6.47 | 14.95 | 26.33 | 17.72 | 14.98 | |
| Dividend Payout % | 0% | 0% | 11% | 0% | 0% | 0% | 6% | 7% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 13% |
| 3 Years: | 13% |
| TTM: | 30% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | -10% |
| 3 Years: | 0% |
| TTM: | 6% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | -23% |
| 3 Years: | -14% |
| 1 Year: | -31% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 7% |
| 3 Years: | 7% |
| Last Year: | 5% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| Equity Capital | 0.05 | 8 | 8 | 8 | 8 | 8 | 8 | 8 |
| Reserves | 136 | 103 | 125 | 128 | 160 | 211 | 226 | 238 |
| 97 | 109 | 152 | 162 | 149 | 99 | 110 | 104 | |
| 47 | 42 | 102 | 105 | 86 | 105 | 134 | 167 | |
| Total Liabilities | 280 | 262 | 387 | 402 | 404 | 423 | 479 | 518 |
| 138 | 151 | 187 | 173 | 204 | 206 | 201 | 202 | |
| CWIP | 4 | 14 | 20 | 48 | 7 | 7 | 13 | 40 |
| Investments | 32 | 0 | 0 | 0 | 5 | 5 | 6 | 6 |
| 106 | 97 | 180 | 182 | 188 | 206 | 258 | 271 | |
| Total Assets | 280 | 262 | 387 | 402 | 404 | 423 | 479 | 518 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| -13 | 18 | 36 | 23 | 24 | 52 | 11 | 77 | |
| -28 | -2 | -60 | -23 | -11 | -16 | -16 | -46 | |
| 41 | -16 | 32 | -6 | -8 | -37 | -0 | -20 | |
| Net Cash Flow | 0 | 0 | 7 | -5 | 6 | -1 | -5 | 11 |
| Free Cash Flow | -41 | -7 | -25 | 5 | 14 | 36 | -9 | 32 |
| CFO/OP | -245% | 77% | 78% | 78% | 55% | 93% | 39% | 172% |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| Debtor Days | 42 | 20 | 43 | 35 | 40 | 43 | 42 | 44 |
| Inventory Days | 98 | 83 | 76 | 60 | 60 | 81 | 92 | 60 |
| Days Payable | 71 | 28 | 81 | 56 | 44 | 55 | 63 | 62 |
| Cash Conversion Cycle | 69 | 75 | 38 | 38 | 55 | 69 | 71 | 43 |
| Working Capital Days | -2 | -1 | 3 | 18 | 20 | 40 | 36 | 22 |
| ROCE % | 6% | 13% | 7% | 11% | 15% | 9% | 9% |
Insights
In beta| Mar 2018 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|
| Customer Concentration (Top 2 Customers) % of Revenue |
|
|||||
| Total Installed Capacity MTPA |
||||||
| Net Capital Turnover Ratio Ratio |
||||||
| Capacity Utilization % |
||||||
| Export Presence (Number of Countries) Count |
||||||
| Number of Products Count |
||||||
| Number of Customers Count |
||||||
Extracted by Screener AI
Documents
Announcements
-
Compliances-Reg.24(A)-Annual Secretarial Compliance
19 May - Aarti Surfactants filed FY2026 annual secretarial compliance report; no deviations observed.
- Announcement under Regulation 30 (LODR)-Newspaper Publication 11 May
-
Re-Appointment Of Cost Auditor & Internal Auditor For FY 2026-2027
9 May - Board approved FY26 audited results, recommended Re.1 dividend, and reappointed auditors on May 9, 2026.
-
Corporate Action-Board to consider Dividend
9 May - Board approved FY26 audited results, recommended Re.1 dividend, and reappointed cost and internal auditors.
-
Financial Results For The Quarter And Year Ended March 31, 2026
9 May - Board approved FY26 audited results, recommended Re.1 dividend, and reappointed auditors on May 9, 2026.
Business Overview:[1][2]
ASL is a part of the Aarti 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