Aries Agro Ltd

Aries Agro Ltd

₹ 353 0.00%
04 Dec 3:00 p.m.
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

  • Market Cap 458 Cr.
  • Current Price 353
  • High / Low 380 / 187
  • Stock P/E 16.4
  • Book Value 216
  • Dividend Yield 0.27 %
  • ROCE 14.8 %
  • ROE 7.31 %
  • Face Value 10.0

Pros

  • Company has reduced debt.

Cons

  • Company has a low return on equity of 6.54% over last 3 years.
  • Contingent liabilities of Rs.173 Cr.
  • Dividend payout has been low at 7.37% 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

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
127 130 84 116 138 133 93 107 158 147 107 135 194
103 116 87 98 113 118 93 95 129 130 108 120 159
Operating Profit 24 14 -3 17 24 15 -0 13 29 17 -1 15 34
OPM % 19% 10% -3% 15% 18% 11% -0% 12% 19% 12% -1% 11% 18%
-0 -0 -0 -0 -0 -0 -0 -0 -0 -0 -0 -0 -0
Interest 7 5 7 5 7 6 5 4 9 4 5 3 8
Depreciation 1 2 2 1 2 2 3 2 2 2 2 2 2
Profit before tax 16 7 -11 11 16 7 -8 7 18 11 -8 11 24
Tax % 31% 39% -30% 31% 17% 28% 18% 36% 31% 32% -23% 32% 22%
11 3 -7 6 14 5 -10 5 12 8 -6 7 19
EPS in Rs 8.58 2.61 -5.44 5.39 11.05 3.94 -7.21 3.65 9.60 6.01 -4.32 5.59 14.51
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
238 279 278 263 253 291 265 296 381 432 472 516 583
187 221 223 216 210 245 222 254 325 386 424 461 517
Operating Profit 51 58 55 46 42 46 44 42 57 47 48 55 66
OPM % 21% 21% 20% 18% 17% 16% 16% 14% 15% 11% 10% 11% 11%
2 1 1 1 -0 2 3 5 0 4 9 3 0
Interest 24 25 24 25 23 29 29 26 26 24 23 22 20
Depreciation 8 9 10 11 7 2 2 5 6 6 8 8 8
Profit before tax 20 25 22 12 12 17 16 16 25 20 25 28 38
Tax % 21% 26% 13% 33% 54% 46% 50% 46% 30% 36% 37% 35%
16 19 19 8 5 9 8 8 16 12 16 18 27
EPS in Rs 10.75 12.50 12.96 5.56 5.43 8.06 7.60 7.49 13.81 10.22 13.17 14.94 21.79
Dividend Payout % 14% 16% 15% 27% 37% 29% 24% 7% 6% 8% 8% 7%
Compounded Sales Growth
10 Years: 6%
5 Years: 14%
3 Years: 11%
TTM: 19%
Compounded Profit Growth
10 Years: 1%
5 Years: 19%
3 Years: 4%
TTM: 125%
Stock Price CAGR
10 Years: 10%
5 Years: 42%
3 Years: 37%
1 Year: 76%
Return on Equity
10 Years: 6%
5 Years: 7%
3 Years: 7%
Last Year: 7%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 13 13 13 13 13 13 13 13 13 13 13 13 13
Reserves 146 164 165 159 162 170 176 181 198 211 230 247 268
190 178 167 167 137 171 172 150 143 112 100 74 37
80 93 99 109 137 123 133 143 148 173 177 184 254
Total Liabilities 429 448 444 448 450 477 494 487 501 509 520 518 572
101 100 87 87 71 88 95 48 55 68 75 96 105
CWIP 14 11 9 16 22 14 15 12 13 -0 -0 2 0
Investments 2 2 2 2 -0 -0 -0 59 57 57 62 63 69
313 335 345 342 357 376 384 368 376 384 382 357 398
Total Assets 429 448 444 448 450 477 494 487 501 509 520 518 572

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
-0 31 38 34 48 14 44 59 56 69 54 77
-0 2 -11 -25 13 -2 -10 -41 -14 -13 -16 -26
-0 -41 -31 -9 -59 -12 -36 -21 -43 -56 -37 -50
Net Cash Flow -0 -8 -4 -0 2 0 -2 -4 -0 0 1 1

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 155 173 172 164 206 228 256 143 118 100 91 80
Inventory Days 444 387 394 412 518 363 478 466 271 234 210 177
Days Payable 115 117 110 84 128 165 207 197 101 111 90 66
Cash Conversion Cycle 483 443 457 493 596 426 526 412 288 224 212 191
Working Capital Days 360 334 356 374 362 338 368 291 230 187 167 130
ROCE % 13% 14% 12% 10% 10% 12% 12% 12% 14% 13% 14% 15%

Shareholding Pattern

Numbers in percentages

25 Recently
Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 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%
0.24% 0.20% 0.34% 0.48% 0.56% 1.94% 1.78% 2.10% 2.38% 3.29% 3.08% 2.53%
47.11% 47.14% 47.00% 46.86% 46.78% 45.40% 45.56% 45.23% 44.96% 44.04% 44.25% 44.81%
No. of Shareholders 18,12119,19719,10118,31418,85118,54017,88717,89916,71519,51820,51821,997

* 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.

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