Aries Agro Ltd

₹ 256 1.95%

19 Apr - close price

About

Incorporated in 1969, Aries Agro Ltd offers products in the primary, secondary and microfertilizer sector, ranging from individual elements to mixed specialty plant nutrient fertilizers^[1]

Key Points

Business Overview:^[1]^[2]^[3]
AAL is in the business of manufacturing micronutrients and other customized nutritional products for plants and animals. It introduced the chelation technology for manufacturing micronutrients in India and is the market leader in the same. Company offers bio-degradable complexes of plant nutrients, water soluble NPK fertilizers, value added secondary nutrients, natural and biological products and water treatment formulations. Currently, company has 134 brands customized based on crop, and agro climatic requirements, with 21 organically certified products

Website BSE NSE

Market Cap ₹ 333 Cr.
Current Price ₹ 256
High / Low ₹ 343 / 157
Stock P/E 17.8
Book Value ₹ 189
Dividend Yield 0.39 %
ROCE 16.3 %
ROE 9.29 %
Face Value ₹ 10.0

Add ratio to table

Edit ratios

Pros

Company has reduced debt.

Cons

Company has a low return on equity of 10.4% over last 3 years.
Contingent liabilities of Rs.112 Cr.
Dividend payout has been low at 5.50% of profits over last 3 years
Company's cost of borrowing seems high

* 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: Fertilizers Industry: Fertilizers

Edit Columns

Loading peers table ...

Detailed Comparison with:

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

	Dec 2020	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023
	108.37	70.43	103.00	128.04	130.69	85.33	116.72	138.81	133.54	92.67	107.65	156.86	144.39
	92.22	67.40	86.19	102.23	115.75	86.38	98.21	113.36	118.05	92.01	93.93	126.83	126.79
Operating Profit	16.15	3.03	16.81	25.81	14.94	-1.05	18.51	25.45	15.49	0.66	13.72	30.03	17.60
OPM %	14.90%	4.30%	16.32%	20.16%	11.43%	-1.23%	15.86%	18.33%	11.60%	0.71%	12.75%	19.14%	12.19%
	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Interest	5.50	7.10	5.12	7.36	4.91	6.91	4.80	6.61	6.35	5.38	3.71	9.29	3.70
Depreciation	2.51	1.44	1.18	0.92	1.69	1.87	1.35	1.87	1.95	2.44	1.73	2.05	1.80
Profit before tax	8.14	-5.51	10.51	17.53	8.34	-9.83	12.36	16.97	7.19	-7.16	8.28	18.69	12.10
Tax %	28.26%	42.29%	29.02%	28.69%	30.46%	32.25%	28.16%	15.67%	21.14%	-20.39%	31.16%	29.32%	30.00%
	5.83	-3.18	7.46	12.50	5.80	-6.66	8.88	14.30	5.67	-8.62	5.71	13.21	8.47
EPS in Rs	4.48	-2.45	5.74	9.61	4.46	-5.12	6.83	11.00	4.36	-6.63	4.39	10.16	6.51
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	TTM
	174	173	214	209	208	217	261	265	296	381	432	470	502
	140	138	173	172	176	177	216	220	253	324	384	423	440
Operating Profit	34	35	41	37	32	40	45	45	43	57	48	47	62
OPM %	20%	20%	19%	18%	15%	18%	17%	17%	14%	15%	11%	10%	12%
	5	2	2	1	1	2	4	7	11	5	9	13	0
Interest	21	21	23	21	21	21	25	27	26	26	24	23	22
Depreciation	2	2	1	2	2	2	2	2	5	6	6	8	8
Profit before tax	16	14	18	15	10	18	22	23	23	30	27	29	32
Tax %	37%	33%	37%	22%	39%	35%	35%	34%	32%	25%	28%	31%
	10	9	12	12	6	12	14	15	16	23	19	20	19
EPS in Rs	8.04	7.18	8.87	9.08	4.92	9.10	10.88	11.46	12.00	17.41	14.63	15.56	14.43
Dividend Payout %	19%	21%	23%	22%	30%	22%	21%	16%	4%	5%	5%	6%

Compounded Sales Growth
10 Years:	11%
5 Years:	12%
3 Years:	17%
TTM:	6%

Compounded Profit Growth
10 Years:	7%
5 Years:	7%
3 Years:	8%
TTM:	-15%

Stock Price CAGR
10 Years:	15%
5 Years:	25%
3 Years:	47%
1 Year:	44%

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

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Sep 2023
Equity Capital	13	13	13	13	13	13	13	13	13	13	13	13	13
Reserves	112	119	127	122	113	122	133	144	155	178	196	214	233
	124	148	132	114	114	112	149	161	150	142	110	98	53
	60	57	51	55	60	71	90	107	136	143	168	172	225
Total Liabilities	309	337	323	304	299	318	385	425	454	476	486	497	524
	30	37	35	21	26	25	34	39	48	54	65	70	70
CWIP	20	14	11	9	9	15	14	15	12	12	0	0	0
Investments	20	20	20	20	20	20	20	20	20	20	20	23	29
	239	266	257	254	244	258	317	352	374	389	401	405	424
Total Assets	309	337	323	304	299	318	385	425	454	476	486	497	524

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2012	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
	-24	25	31	25	30	31	48	57	55	66	53
	9	13	3	-12	-4	-37	-31	-24	-12	-8	-15
	-7	-46	-38	-13	-25	7	-19	-37	-43	-58	-37
Net Cash Flow	-22	-8	-4	0	1	0	-2	-4	-0	0	1

Ratios

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Debtor Days	143	174	162	171	142	135	133	137	125	104	90	84
Inventory Days	538	583	369	427	364	553	458	478	466	271	233	208
Days Payable	173	182	101	137	82	143	185	189	197	101	108	86
Cash Conversion Cycle	509	575	430	461	424	545	406	425	394	275	215	206
Working Capital Days	318	402	324	329	312	302	306	327	296	240	202	187
ROCE %	16%	14%	15%	14%	13%	16%	17%	16%	16%	17%	16%	16%

Shareholding Pattern

Numbers in percentages

25 Recently

	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
	52.66%	52.66%	52.66%	52.66%	52.66%	52.66%	52.66%	52.66%	52.66%	52.66%	52.66%	52.66%
	0.00%	0.03%	0.24%	0.20%	0.34%	0.48%	0.56%	1.94%	1.78%	2.10%	2.38%	3.29%
	0.00%	0.01%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
	47.34%	47.31%	47.11%	47.14%	47.00%	46.86%	46.78%	45.40%	45.56%	45.23%	44.96%	44.04%
No. of Shareholders	16,384	18,424	18,121	19,197	19,101	18,314	18,851	18,540	17,887	17,899	16,715	19,518

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
	52.66%	52.66%	52.66%	52.66%	52.66%	52.66%	52.66%	52.66%
	0.00%	0.00%	0.00%	0.00%	0.00%	0.20%	1.94%	3.29%
	0.25%	0.15%	0.15%	0.00%	0.00%	0.00%	0.00%	0.00%
	47.10%	47.19%	47.19%	47.34%	47.34%	47.14%	45.40%	44.04%
No. of Shareholders	9,705	12,762	13,793	12,953	14,183	19,197	18,540	19,518

* 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.

Click on the line-items to see the names of individual entities.

Documents

Announcements

All

Annual reports

DRHP

Credit ratings

Concalls

Nov 2019

Transcript

Notes
PPT
Nov 2019

Transcript

Notes
PPT
Aug 2019

Transcript

Notes
PPT
Mar 2019

Transcript

Notes
PPT
Dec 2018

Transcript

Notes
PPT