Aarti Surfactants Ltd
Incorporated in 2018, Aarti Surfactants
Ltd is in the business of Home and personal care ingredients[1]
- Market Cap ₹ 347 Cr.
- Current Price ₹ 410
- High / Low ₹ 653 / 316
- Stock P/E 19.4
- Book Value ₹ 280
- Dividend Yield 0.25 %
- 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 | 805 | |
| 302 | 420 | 543 | 554 | 528 | 617 | 752 | |
| Operating Profit | 24 | 46 | 32 | 48 | 62 | 42 | 53 |
| 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 | 24 |
| Tax % | 29% | 6% | 41% | 29% | 34% | 30% | |
| 2 | 22 | 5 | 13 | 21 | 15 | 18 | |
| EPS in Rs | 2.46 | 25.45 | 6.46 | 14.94 | 25.22 | 17.19 | 21.13 |
| Dividend Payout % | 0% | 11% | 0% | 0% | 0% | 6% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 15% |
| 3 Years: | 5% |
| TTM: | 31% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 41% |
| 3 Years: | 28% |
| TTM: | 163% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | -24% |
| 3 Years: | -12% |
| 1 Year: | -10% |
| 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 |
| Free Cash Flow | -7 | -25 | 1 | 14 | 36 | -9 |
| CFO/OP | 77% | 78% | 78% | 55% | 94% | 39% |
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% |
Insights
In beta| Mar 2018 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|
| Customer Concentration (Top 2 Customers) % of Revenue |
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Documents
Announcements
-
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
8 Apr - Regulation 74(5) certificate filed for quarter ended March 31, 2026.
-
Announcement under Regulation 30 (LODR)-Newspaper Publication
7 Apr - Newspaper Publication pertaining to Second 100 Days Campaign - "Saksham Niveshak"
-
Intimation Regarding Second 100-Day Campaign - ''Saksham Niveshak''
4 Apr - Aarti Surfactants relaunches Saksham Niveshak campaign from April 1 to July 9, 2026 for KYC updates.
- Closure of Trading Window 25 Mar
-
Intimation Of Approval Of Reclassification Of Promoter Group Under Regulation 31A Of The SEBI (LODR) Regulations, 2015
12 Feb - BSE/NSE approved reclassification of nine promoters to public on Feb 12, 2026; two withdrawn.
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