āagman

Not investment advice. Data and computed figures, for information only.

Aarti Drugs Ltd

NSE: AARTIDRUGS
₹396.45
−₹4.15 (−1.04%)
NSE · 15 Oct 2026, close
NSE
As of 31 Mar 2026
Market Cap
₹3,901 Cr
CMP
₹396.45
52-wk High / Low
₹534 / 319
P/E
20.2
P/B
2.5
Book Value
₹170.0
Div Yield
0.47%
ROCE
12.0%
ROE
13.4%
Face Value
₹10
D/E
0.37

Price−23.0% over 1Y

āagman read

Computed by āagman
Derived from 12 years and 13 quarters of filings. Not reported by the company.
As of 15 Oct 2026
How we compute these
Piotroski F-Score
7
/ 9
7 of 9 F-score tests passed
Graham Number
₹286
√(22.5 × EPS × book value per share)
ROIC
10.7%
vs 11.2% sector median
Cash flow to profit
1.30
CFO / PAT
Above 1.0 = operating cash flow exceeded reported profit
Margin change
+142
bps OPM YoY
Operating margin vs the same quarter last year
Sustainable growth
12.1%
ROE × earnings retention ratio
ROE stability
2.8
pp σ
Standard deviation of ROE across periods. Lower = more stable
Holder deltas
QoQ
pp
Prom −0.60FII −0.05DII +0.07
Latest quarter vs the previous one
Cash-accrual divergence
−2.2%
of assets
Low = accruals track cash flow
Strengths
+Price trades above its 200-day moving average (1.0x)
+Piotroski F-Score of 7/9 is in the strong band (≥7)
+PE of 20.2x is below the sector median of 45.9x
Watch-outs
−Latest ROCE of 12% trails the sector median of 17%
−Promoter holding fell by 5.1pp over the last year

Peer comparison

Peers
NameP/EMar Cap ₹ CrROCE %ROE %

Quarterly results

Consolidated basis (as filed) · ₹ Cr · 13 quarters
As of 30 Jun 2026
Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales661642606620555598557677591653602720703
Expenses577565536534490531495583516569547624605
Operating Profit84767086656762937484559698
OPM %12.7%11.8%11.6%13.9%11.7%11.2%11.1%13.7%12.5%12.9%9.1%13.3%13.9%
Other Income1121111220011−1
Interest9889999998989
Depreciation13131314131414151516181818
Profit before tax64565264444651715160297069
Net Profit48403747333537635445415550
EPS (₹)5.174.313.995.153.623.844.066.895.914.964.446.055.50

Profit & Loss

As of 30 Jun 2026
Consolidated · ₹ Cr · 12 years + TTM
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales1,0971,1401,1951,2441,5611,8062,1552,4892,7162,5292,3872,5652,678
Expenses9259601,0051,0421,3501,5411,7142,1562,4072,2082,0972,2542,344
Operating Profit172180190202211266440333309321290312333
OPM %15.7%15.8%15.9%16.2%13.5%14.7%20.4%13.4%11.4%12.7%12.1%12.2%12.4%
Other Income104166511241621
Interest42484038443726243738393634
Depreciation31373840434950505051566771
Profit before tax10095116125131185369270224236212211229
Net Profit7769828290141280205166172168195191
EPS (₹)7.977.098.578.739.5215.1730.0922.1417.9618.6518.4221.3620.95

Balance Sheet

As of 30 Jun 2026
Consolidated · ₹ Cr
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026Jun 2026
Equity Capital242424242423939393929191—
Reserves2843333764325206298209441,1001,1901,2781,458—
Borrowings448483480546507389351543609564615577—
Other Liabilities248261311388405535502629620587591690—
Total Liabilities1,0041,1021,1911,3891,4551,5761,7662,2082,4212,4322,5752,815—
Fixed Assets4484935816026256446656906768118661,086—
CWIP1634142833121977210261330214—
Investments5512111213171919202227—
Other Assets5345705847487859071,0641,4221,5161,3401,3561,488—
Total Assets1,0041,1021,1911,3891,4551,5761,7662,2082,4212,4322,5752,815—

Cash Flows

As of 31 Mar 2026
Consolidated · ₹ Cr
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity1051331757014325115570133359245254
Cash from Investing Activity−107−99−107−74−62−33−72−150−164−224−165−173
Cash from Financing Activity1−33−684−80−215−819217−136−82−77
Net Cash Flow−110012213−14−1−23

Ratios

As of 31 Mar 2026
12 periods
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROCE %—18.018.017.017.021.034.021.015.015.013.012.0
ROE %———————————13.4
EPS (₹)7.977.098.578.739.5215.1730.0922.1417.9618.6518.4221.36
Book Value (₹)———————————170.0
Face Value (₹)———————————10
P/E———————————20.2
Div Yield %———————————0.47
NPM %7.06.16.86.65.77.813.08.26.16.87.07.6
OPM %16.016.016.016.014.015.020.013.011.013.012.012.0
D/E1.451.351.201.200.930.600.380.520.510.440.450.37
P/B———————————2.5

Growth

As of 27 Sep 2026
Compounded sales growth
10 years+8.0%
5 years+4.0%
3 years−2.0%
TTM+11.0%
Compounded profit growth
10 years+11.0%
5 years−7.0%
3 years+5.0%
TTM+2.0%
Stock price CAGR
10 years+11.0%
5 years−7.0%
3 years−8.0%
Last year−9.0%
Return on equity
10 years18.0%
5 years15.0%
3 years13.0%
Last year13.0%

Shareholding pattern

As of 31 Mar 2026
Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Promoters62.46%62.46%62.48%62.26%61.44%60.20%59.83%59.57%57.13%55.48%55.03%54.43%
FIIs0.70%0.70%0.80%0.50%1.07%2.99%2.07%1.94%2.56%2.25%1.57%1.52%
DIIs4.43%4.43%4.54%4.45%4.82%1.76%2.69%4.09%5.99%9.70%10.22%10.29%
Government————————————
Public32.40%32.40%32.18%32.79%32.67%35.05%35.41%34.39%34.30%32.57%33.19%33.76%
No. of shareholders16,54816,54817,10626,07019,2861,73,7041,89,6071,69,0901,57,5471,69,7611,44,9461,43,476
Change since Jun 2023 (pp)
Promoters −8.03FIIs +0.82DIIs +5.86Public +1.36

Documents

As of 27 Sep 2026
Announcements
Announcement under Regulation 30 (LODR)-Change in DirectorateShareholder Meeting / Postal Ballot-Scrutinizer''s ReportAnnouncement under Regulation 30 (LODR)-Investor PresentationShareholder Meeting / Postal Ballot-Outcome of AGMAnnouncement under Regulation 30 (LODR)-Newspaper Publication
Annual reports
Annual Report 2026Annual Report 2025Annual Report 2024Annual Report 2023Annual Report 2022
Credit ratings
Rating updateRating updateRating updateRating updateRating update
Concalls
Sep 2026PPTAug 2026TranscriptAug 2026PPTAug 2026RecordingMay 2026TranscriptMay 2026PPTMay 2026RecordingFeb 2026TranscriptFeb 2026PPTFeb 2026RecordingNov 2025TranscriptNov 2025PPTNov 2025Recording

Corporate actions

As of 9 Feb 2026
9 Feb 2026DIVIDENDInterim Dividend - Rs 2 Per Share—
4 Feb 2025DIVIDENDInterim Dividend - Re 1 Per Share—
6 Feb 2024DIVIDENDInterim Dividend - Re 1 Per Share—
8 Feb 2023DIVIDENDInterim Dividend - Rs 1 Per Share—
9 Feb 2022DIVIDENDInterim Dividend - Re 1 Per Share—
3 Nov 2020DIVIDEND Interim Dividend - Rs 2.5 Per Share—
30 Sep 2020BONUS Bonus 3:1—
17 Feb 2020DIVIDEND Interim Dividend - Rs 2 Per Share—
26 Jul 2019DIVIDEND Annual General Meeting/Dividend - Re 1 Per Share—
1 Aug 2018DIVIDEND Annual General Meeting/Dividend- Re 1 Per Share—
9 Aug 2017DIVIDEND Annual General Meeting/Dividend - Re 1/- Per Share—
22 Mar 2016DIVIDEND Interim Dividend - Rs 3/- Per Share (Purpose Revised)—
12 Feb 2016DIVIDEND Interim Dividend - Rs 1.50/- Per Share (Purpose Revised)—
10 Nov 2015DIVIDEND Interim Dividend - Rs 2.25/- Per Share (Purpose Revised)—
5 Aug 2015DIVIDENDAnnual General Meeting/ Dividend - Rs 3/- Per Share—
24 Mar 2015BONUSBonus 1:1—
4 Feb 2015DIVIDENDSecond Interim Dividend - Rs 5/- Per Share (Purpose Revised)—
19 Nov 2014DIVIDENDInterim Dividend - Rs 5/- Per Share (Purpose Revised)—
2 Jul 2014DIVIDENDAnnual General Meeting/Dividend Rs:- 5.50 Per Share—
5 Feb 2014DIVIDENDSecond Interim Dividend - Rs 4.50/- Per Share (Purpose Revised)—
19 Nov 2013DIVIDENDInterim Dividend Rs.3/- Per Share—
24 Jul 2013DIVIDENDAnnual General Meeting/Dividend Rs 4/- Per Share—
11 Feb 2013DIVIDENDInterim Dividend Rs 3 Per Share (Purpose Revised)—
5 Nov 2012DIVIDENDInterim Dividend Rs 3 Per Share (Purpose Revised)—
6 Feb 2012DIVIDENDInterim Dividend Rs.2/- Per Share (Purpose Revised)—
14 Jul 2011DIVIDENDAnnual General Meeting And Dividend Rs.2.50 Per Share—
7 Feb 2011DIVIDENDInterim Dividend-Rs.2.50 Per Share (Purpose Revised)—
18 Aug 2010DIVIDENDAnnual General Meeting And Dividend Rs.5/- Per Share—
Fundamentals from a third-party compiler of exchange filings; prices from the exchanges. Not investment advice.© 2026 āagman