Aarti Surfactants Ltd

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

Aarti Surfactants Ltd

₹ 653 2.49%
26 Apr - close price
aarti-surfactants.com BSE: 543210 NSE : AARTISURF
About

Aarti Surfactants manufactures surfactants and specialty products, serving Home & Personal Care, Industrial Applications, Agro and Oil industries in India and overseas. Aarti Surfactants Limited has been a result of the demerger of the Home and Personal Care division of Aarti Industries Limited. The Company manufactures over 30 innovative and eco‐friendly surfactants and also creates custom surfactants. It got listed in 2020. They have Manufacturing plants located at Pithampur (Madhya Pradesh) and Silvassa. [1] [2] [3]

Key Points

Products
Co. manufactures Surfactants. These are surface-active agents that reduce the surface tension of a liquid and increase its wetting properties.[1]

Website BSE NSE
  • Market Cap ₹ 552 Cr.
  • Current Price ₹ 653
  • High / Low ₹ 854 / 543
  • Stock P/E 25.9
  • Book Value ₹ 258
  • Dividend Yield 0.00 %
  • ROCE 14.1 %
  • ROE 11.0 %
  • Face Value ₹ 10.0
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Pros

  • Company has reduced debt.

Cons

  • Stock is trading at 2.53 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 8.25% 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

Consolidated Figures in Rs. Crores / View Standalone

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
114.29 137.52 132.24 126.39 147.22 146.63 143.00 119.98 143.94 133.90 127.60 122.02 144.21
Operating Profit 11.88 11.63 7.58 8.76 4.18 11.50 8.77 13.57 13.90 14.80 16.26 16.73 14.34
OPM % 9.42% 7.80% 5.42% 6.48% 2.76% 7.27% 5.78% 10.16% 8.81% 9.95% 11.30% 12.06% 9.04%
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 4.21
Profit before tax 6.84 5.71 1.28 2.20 0.13 5.13 1.06 5.46 6.15 7.56 8.78 9.09 6.77
Tax % 16.81% 20.84% 35.16% 200.91% -1,723.08% 27.68% 69.81% 27.11% 23.90% 30.56% 45.90% 26.40% 31.17%
5.69 4.52 0.83 -2.23 2.37 3.71 0.32 3.98 4.69 5.25 4.74 6.68 4.65
EPS in Rs 6.69 5.32 0.98 -2.62 2.79 4.36 0.38 4.68 5.52 6.18 5.58 7.86 5.50
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
326 466 576 601 590
302 420 543 554 528
Operating Profit 24 46 32 48 62
OPM % 7% 10% 6% 8% 11%
0 0 0 0 0
Interest 10 10 11 15 14
Depreciation 11 12 12 15 16
Profit before tax 3 23 9 18 32
Tax % 29% 6% 41% 29% 34%
2 22 5 13 21
EPS in Rs 2.46 25.45 6.46 14.94 25.22
Dividend Payout % 0% 11% 0% 0% 0%
Compounded Sales Growth
10 Years: %
5 Years: %
3 Years: 8%
TTM: -2%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: 0%
TTM: 68%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: -24%
1 Year: -5%
Return on Equity
10 Years: %
5 Years: %
3 Years: 8%
Last Year: 11%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 8 8 8 8 8
Reserves 103 125 128 160 210
Preference Capital 19 19 20 21
90 133 141 128 99
61 121 125 106 105
Total Liabilities 262 387 402 402 422
151 187 173 207 209
CWIP 14 20 52 8 7
Investments 0 0 0 0 0
97 180 178 187 206
Total Assets 262 387 402 402 422

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

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

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 20 43 35 40 43
Inventory Days 83 76 60 60 81
Days Payable 28 81 56 44 55
Cash Conversion Cycle 75 38 38 55 69
Working Capital Days 67 59 51 65 70
ROCE % 13% 7% 11%

Shareholding Pattern

Numbers in percentages

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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