Aries Agro Ltd

₹ 321 -0.67%

10 Jun - 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 ₹ 417 Cr.
Current Price ₹ 321
High / Low ₹ 407 / 216
Stock P/E 12.5
Book Value ₹ 223
Dividend Yield 0.31 %
ROCE 18.5 %
ROE 12.2 %
Face Value ₹ 10.0

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Pros

Company has reduced debt.
Company has delivered good profit growth of 29.5% CAGR over last 5 years
Company's working capital requirements have reduced from 127 days to 83.2 days

Cons

Company has a low return on equity of 8.93% over last 3 years.
Contingent liabilities of Rs.173 Cr.
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

Commodities Chemicals Fertilizers & Agrochemicals Fertilizers

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Detailed Comparison with:

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025
	84.47	115.79	137.77	133.48	92.65	107.37	158.21	147.15	106.79	135.40	193.66	170.36	127.77
	86.98	98.43	113.40	118.39	92.89	94.59	128.72	130.11	107.63	119.96	159.37	148.78	126.81
Operating Profit	-2.51	17.36	24.37	15.09	-0.24	12.78	29.49	17.04	-0.84	15.44	34.29	21.58	0.96
OPM %	-2.97%	14.99%	17.69%	11.31%	-0.26%	11.90%	18.64%	11.58%	-0.79%	11.40%	17.71%	12.67%	0.75%
	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	7.02	4.85	6.67	6.40	5.45	3.77	9.45	3.81	5.32	3.03	7.87	4.81	2.84
Depreciation	1.86	1.40	1.92	2.00	2.51	1.79	2.11	1.86	1.98	1.79	2.42	2.11	3.01
Profit before tax	-11.39	11.11	15.78	6.69	-8.20	7.22	17.93	11.37	-8.14	10.62	24.00	14.66	-4.89
Tax %	-29.50%	30.96%	16.98%	27.65%	17.93%	36.15%	31.01%	32.28%	-22.97%	32.49%	21.83%	21.69%	-20.04%
	-7.19	6.38	14.39	4.83	-9.67	4.62	12.37	7.69	-6.28	7.16	18.76	11.48	-3.91
EPS in Rs	-5.44	5.39	11.05	3.94	-7.21	3.65	9.60	6.01	-4.32	5.59	14.51	8.90	-2.84
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Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
	279	278	263	253	291	265	296	381	432	472	516	627
	221	223	216	210	245	222	254	325	386	424	461	555
Operating Profit	58	55	46	42	46	44	42	57	47	48	55	72
OPM %	21%	20%	18%	17%	16%	16%	14%	15%	11%	10%	11%	12%
	1	1	1	-0	2	3	5	0	4	9	3	0
Interest	25	24	25	23	29	29	26	26	24	23	22	19
Depreciation	9	10	11	7	2	2	5	6	6	8	8	9
Profit before tax	25	22	12	12	17	16	16	25	20	25	28	44
Tax %	26%	13%	33%	54%	46%	50%	46%	30%	36%	37%	35%	25%
	19	19	8	5	9	8	8	16	12	16	18	33
EPS in Rs	12.50	12.96	5.56	5.43	8.06	7.60	7.49	13.81	10.22	13.17	14.94	26.16
Dividend Payout %	16%	15%	27%	37%	29%	24%	7%	6%	8%	8%	7%	5%

Compounded Sales Growth
10 Years:	8%
5 Years:	16%
3 Years:	13%
TTM:	21%

Compounded Profit Growth
10 Years:	7%
5 Years:	29%
3 Years:	42%
TTM:	82%

Stock Price CAGR
10 Years:	13%
5 Years:	37%
3 Years:	37%
1 Year:	32%

Return on Equity
10 Years:	7%
5 Years:	8%
3 Years:	9%
Last Year:	12%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Equity Capital	13	13	13	13	13	13	13	13	13	13	13	13
Reserves	164	165	159	162	170	176	181	198	211	230	247	277
	178	167	167	137	171	172	150	143	112	100	74	49
	93	99	109	137	123	133	143	148	173	177	184	243
Total Liabilities	448	444	448	450	477	494	487	501	509	520	518	581
	100	87	87	71	88	95	48	55	68	75	96	110
CWIP	11	9	16	22	14	15	12	13	0	0	2	10
Investments	2	2	2	0	0	0	59	57	57	62	63	67
	335	345	342	357	376	384	368	376	384	382	357	395
Total Assets	448	444	448	450	477	494	487	501	509	520	518	581

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
	31	38	34	48	14	44	59	56	69	54	77	105
	2	-11	-25	13	-2	-10	-41	-14	-13	-16	-26	-34
	-41	-31	-9	-59	-12	-36	-21	-43	-56	-37	-50	-45
Net Cash Flow	-8	-4	-0	2	0	-2	-4	-0	0	1	1	26

Ratios

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Debtor Days	173	172	164	206	228	256	143	118	100	91	80	69
Inventory Days	387	394	412	518	363	478	466	271	234	210	177	151
Days Payable	117	110	84	128	165	207	197	101	111	90	66	61
Cash Conversion Cycle	443	457	493	596	426	526	412	288	224	212	191	159
Working Capital Days	334	356	374	362	338	368	291	230	187	167	130	83
ROCE %	14%	12%	10%	10%	12%	12%	12%	14%	13%	14%	15%	19%

Shareholding Pattern

Numbers in percentages

	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025
	52.66%	52.66%	52.66%	52.66%	52.66%	52.66%	52.66%	52.66%	52.66%	52.66%	52.66%	52.66%
	0.34%	0.48%	0.56%	1.94%	1.78%	2.10%	2.38%	3.29%	3.08%	2.53%	3.38%	2.98%
	47.00%	46.86%	46.78%	45.40%	45.56%	45.23%	44.96%	44.04%	44.25%	44.81%	43.95%	44.37%
No. of Shareholders	19,101	18,314	18,851	18,540	17,887	17,899	16,715	19,518	20,518	21,997	21,188	20,503

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
	52.66%	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%	2.98%
	0.25%	0.15%	0.15%	0.00%	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%	44.37%
No. of Shareholders	9,705	12,762	13,793	12,953	14,183	19,197	18,540	19,518	20,503

* 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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Nov 2019

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