Aarti Surfactants Ltd

₹ 402 -1.46%

05 Dec - 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 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

Website BSE NSE

Market Cap ₹ 340 Cr.
Current Price ₹ 402
High / Low ₹ 684 / 388
Stock P/E 22.6
Book Value ₹ 280
Dividend Yield 0.25 %
ROCE 8.50 %
ROE 5.14 %
Face Value ₹ 10.0

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Pros

Company is expected to give good quarter
Company has delivered good profit growth of 40.9% CAGR over last 5 years

Cons

Company has a low return on equity of 8.00% 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

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Detailed Comparison with:

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025
	151.77	133.55	157.84	148.70	143.86	138.75	158.55	143.41	150.84	162.78	202.05	215.90	179.17
	143.00	119.98	143.94	133.90	127.60	122.02	144.21	133.79	147.12	153.89	182.36	204.27	169.83
Operating Profit	8.77	13.57	13.90	14.80	16.26	16.73	14.34	9.62	3.72	8.89	19.69	11.63	9.34
OPM %	5.78%	10.16%	8.81%	9.95%	11.30%	12.06%	9.04%	6.71%	2.47%	5.46%	9.75%	5.39%	5.21%
	0.09	0.06	0.09	0.03	0.03	0.03	0.05	0.49	6.21	-0.16	1.14	0.04	0.06
Interest	3.74	4.16	3.91	3.32	3.66	3.65	3.41	2.57	2.60	3.12	3.26	3.28	2.80
Depreciation	4.06	4.01	3.93	3.95	3.85	4.02	4.21	4.23	4.31	4.40	4.41	4.35	4.41
Profit before tax	1.06	5.46	6.15	7.56	8.78	9.09	6.77	3.31	3.02	1.21	13.16	4.04	2.19
Tax %	69.81%	27.11%	23.90%	30.56%	45.90%	26.40%	31.17%	32.93%	40.07%	33.88%	26.22%	27.23%	29.22%
	0.32	3.98	4.69	5.25	4.74	6.68	4.65	2.22	1.81	0.80	9.72	2.94	1.56
EPS in Rs	0.38	4.68	5.52	6.18	5.58	7.86	5.50	2.62	2.14	0.95	11.49	3.48	1.84
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	TTM
	326	466	576	601	590	659	760
	302	420	543	554	528	617	710
Operating Profit	24	46	32	48	62	42	50
OPM %	7%	10%	6%	8%	11%	6%	7%
	0	0	0	0	0	8	1
Interest	10	10	11	15	14	12	12
Depreciation	11	12	12	15	16	17	18
Profit before tax	3	23	9	18	32	21	21
Tax %	29%	6%	41%	29%	34%	30%
	2	22	5	13	21	15	15
EPS in Rs	2.46	25.45	6.46	14.94	25.22	17.19	17.76
Dividend Payout %	0%	11%	0%	0%	0%	6%

Compounded Sales Growth
10 Years:	%
5 Years:	15%
3 Years:	5%
TTM:	28%

Compounded Profit Growth
10 Years:	%
5 Years:	41%
3 Years:	28%
TTM:	18%

Stock Price CAGR
10 Years:	%
5 Years:	-18%
3 Years:	-17%
1 Year:	-39%

Return on Equity
10 Years:	%
5 Years:	9%
3 Years:	8%
Last Year:	5%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Sep 2025
Equity Capital	8	8	8	8	8	8	8
Reserves	103	125	128	160	210	224	228
	109	152	162	149	99	110	118
	42	102	105	86	105	134	135
Total Liabilities	262	387	402	404	422	477	490
	151	187	173	207	208	204	201
CWIP	14	20	52	8	8	15	29
Investments	0	0	0	0	0	0	0
	97	180	178	188	206	259	260
Total Assets	262	387	402	404	422	477	490

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
	18	36	23	25	52	11
	-2	-60	-23	-11	-16	-16
	-16	32	-6	-8	-37	-0
Net Cash Flow	0	7	-5	6	-1	-5

Ratios

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Debtor Days	20	43	35	40	43	42
Inventory Days	83	76	60	60	81	92
Days Payable	28	81	56	44	55	63
Cash Conversion Cycle	75	38	38	55	69	71
Working Capital Days	-1	3	16	20	40	36
ROCE %		13%	7%	11%	15%	8%

Shareholding Pattern

Numbers in percentages

	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025
	45.04%	49.81%	49.81%	49.81%	49.81%	49.81%	49.81%	49.92%	49.92%	49.92%	49.92%	49.92%
	0.59%	0.06%	0.04%	0.04%	0.04%	0.09%	0.04%	0.06%	0.00%	0.14%	0.00%	0.00%
	0.30%	0.16%	0.00%	0.00%	0.01%	0.00%	0.00%	1.06%	0.80%	0.80%	0.80%	0.80%
	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%
	54.05%	49.95%	50.14%	50.14%	50.14%	50.10%	50.14%	48.95%	49.26%	49.13%	49.27%	49.26%
No. of Shareholders	40,877	41,140	40,848	41,228	41,711	43,091	41,653	40,028	39,417	38,548	37,835	37,015

	Aug 2019	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Sep 2025
	44.10%	48.68%	45.04%	49.81%	49.81%	49.92%	49.92%
	8.95%	1.61%	0.62%	0.06%	0.09%	0.14%	0.00%
	18.98%	0.55%	0.30%	0.16%	0.00%	0.80%	0.80%
	0.00%	0.00%	0.01%	0.01%	0.01%	0.01%	0.01%
	27.97%	49.16%	54.03%	49.95%	50.10%	49.13%	49.26%
No. of Shareholders	29,074	28,116	39,697	41,140	43,091	38,548	37,015

* 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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Aarti Surfactants Ltd

Aarti Surfactants Ltd

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Cash Flows

Ratios

Shareholding Pattern

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