Aarti Surfactants Ltd
Incorporated in 2018, Aarti Surfactants
Ltd is in the business of Home and personal care ingredients[1]
- Market Cap ₹ 397 Cr.
- Current Price ₹ 470
- High / Low ₹ 749 / 388
- Stock P/E 31.6
- Book Value ₹ 275
- Dividend Yield 0.21 %
- ROCE 8.50 %
- ROE 5.14 %
- Face Value ₹ 10.0
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
Commodities Chemicals Chemicals & Petrochemicals Specialty Chemicals
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
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 | 732 | |
| 302 | 420 | 543 | 554 | 528 | 617 | 688 | |
| Operating Profit | 24 | 46 | 32 | 48 | 62 | 42 | 44 |
| OPM % | 7% | 10% | 6% | 8% | 11% | 6% | 6% |
| 0 | 0 | 0 | 0 | 0 | 8 | 7 | |
| Interest | 10 | 10 | 11 | 15 | 14 | 12 | 12 |
| Depreciation | 11 | 12 | 12 | 15 | 16 | 17 | 17 |
| 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 | 18.06 |
| Dividend Payout % | 0% | 11% | 0% | 0% | 0% | 6% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 15% |
| 3 Years: | 5% |
| TTM: | 25% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 41% |
| 3 Years: | 28% |
| TTM: | -31% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | -6% |
| 3 Years: | -13% |
| 1 Year: | -35% |
| 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 | |
|---|---|---|---|---|---|---|
| Equity Capital | 8 | 8 | 8 | 8 | 8 | 8 |
| Reserves | 103 | 125 | 128 | 160 | 210 | 224 |
| 109 | 152 | 162 | 149 | 99 | 110 | |
| 42 | 102 | 105 | 86 | 105 | 134 | |
| Total Liabilities | 262 | 387 | 402 | 404 | 422 | 477 |
| 151 | 187 | 173 | 207 | 208 | 204 | |
| CWIP | 14 | 20 | 52 | 8 | 8 | 15 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 |
| 97 | 180 | 178 | 188 | 206 | 259 | |
| Total Assets | 262 | 387 | 402 | 404 | 422 | 477 |
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% |
Documents
Announcements
-
Board Meeting Intimation for Consideration And Approval Of Un-Audited Financial Results For The Quarter And Half Year Ended September 30, 2025.
4 Nov - Board meeting on Nov 10, 2025 to approve unaudited standalone and consolidated results for quarter/H1 ended Sep 30, 2025.
-
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
14 Oct - Certificate under Reg 74(5) confirming dematerialisation confirmations for quarter ended 30 Sep 2025, submitted by RTA.
-
Closure of Trading Window
29 Sep - Trading window closed Oct 1, 2025 until 48 hours after Sep 30, 2025 results declaration.
-
Announcement under Regulation 30 (LODR)-Change in Management
24 Sep - AGM (23 Sep 2025) approved two director appointments effective Oct 1, 2025 and secretarial auditors from Apr 1, 2025.
- Shareholder Meeting / Postal Ballot-Scrutinizer''s Report 24 Sep
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