āagman

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

Aarti Industries Ltd

NSE: AARTIIND
₹505.05
+₹7.15 (+1.44%)
NSE · 15 Oct 2026, close
NSE
As of 31 Mar 2026
Market Cap
₹16,692 Cr
CMP
₹505.05
52-wk High / Low
₹552 / 338
P/E
32.0
P/B
2.8
Book Value
₹164.0
Div Yield
0.22%
ROCE
7.0%
ROE
7.1%
Face Value
₹5
D/E
0.83

Price+33.6% over 1Y

āagman read

Computed by āagman
Derived from 12 years and 15 quarters of filings. Not reported by the company.
As of 15 Oct 2026
How we compute these
Piotroski F-Score
6
/ 9
6 of 9 F-score tests passed
Graham Number
₹207
√(22.5 × EPS × book value per share)
ROIC
6.4%
vs 7.5% sector median
Cash flow to profit
1.86
CFO / PAT
Above 1.0 = operating cash flow exceeded reported profit
Margin change
+335
bps OPM YoY
Operating margin vs the same quarter last year
Sustainable growth
6.6%
ROE × earnings retention ratio
ROE stability
7.5
pp σ
Standard deviation of ROE across periods. Lower = more stable
Holder deltas
QoQ
pp
Prom −0.27FII −0.38DII +0.99
Latest quarter vs the previous one
Cash-accrual divergence
−3.0%
of assets
Low = accruals track cash flow
Strengths
+Price trades above its 200-day moving average (1.1x)
+Price is within 10% of its 52-week high (-8.5%)
+PE of 32x is below the sector median of 36.2x
Watch-outs
−Latest ROCE of 7% trails the sector median of 12%
−Borrowings are up 284.4% since FY2016 (1292 to 4966)
−Promoter holding fell by 2.3pp 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
Sales1,4141,4541,7321,7731,8511,6281,8431,9491,6752,1002,3182,2052,387
Expenses1,2141,2211,4731,4891,5461,4311,6121,6871,4631,8091,9971,8642,005
Operating Profit200233259284305197231262212291321341382
OPM %14.1%16.0%15.0%16.0%16.5%12.1%12.5%13.4%12.7%13.9%13.8%15.5%16.0%
Other Income008−16753422−1315
Interest4058545964628564601006911283
Depreciation89939798102108111113114120121119124
Profit before tax71821161261453440884293118111180
Net Profit709112413213752469643106133137155
EPS (₹)1.932.513.423.643.781.431.272.651.192.923.673.784.27

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
Sales2,8903,0063,1633,8064,1684,1864,5066,0866,6196,3717,2698,2869,010
Expenses2,4242,4342,5093,1063,2023,2093,5254,3655,5305,3936,2727,1187,675
Operating Profit4665726547009659779821,7201,0899789971,1681,335
OPM %16.1%19.0%20.7%18.4%23.2%23.3%21.8%28.3%16.5%15.4%13.7%14.1%14.8%
Other Income9627291117201115
Interest13811711713218312586102168211275340364
Depreciation8298123146163185231246310378434474484
Profit before tax2553634164296226766651,372611395307365502
Net Profit2082683283465045475351,186545416331419531
EPS (₹)5.817.719.6210.2414.1815.3915.0232.7115.0411.499.1311.5614.64

Balance Sheet

As of 30 Jun 2026
Consolidated · ₹ Cr
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026Jun 2026
Equity Capital44424141438787181181181181181—
Reserves9721,0961,3211,5382,5872,8923,4164,3354,7395,1095,4245,774—
Borrowings1,2021,2921,5642,0832,4012,0982,8572,5872,9073,6233,8484,966—
Other Liabilities7195385737308261,2561,2827487541,2031,6612,379—
Total Liabilities2,9382,9663,4994,3915,8586,3327,6427,8518,58110,11511,11413,300—
Fixed Assets9671,2461,6971,9982,1472,4683,5933,5954,8615,6496,3776,399—
CWIP1933132704367951,4181,2981,3461,0961,2291,4542,187—
Investments13941474733376428172348132—
Other Assets1,6391,3661,4861,9102,8842,4092,6882,8822,6073,2143,2354,582—
Total Assets2,9382,9663,4994,3915,8586,3327,6427,8518,58110,11511,11413,300—

Cash Flows

As of 31 Mar 2026
Consolidated · ₹ Cr
Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity3153405744703357361,1028735191,3191,2101,238781
Cash from Investing Activity−291−298−452−529−610−797−1,124−1,322−1,169−1,330−1,369−1,393−1,142
Cash from Financing Activity−22−23−12858279833−53561441238420−73745
Net Cash Flow219−704772−557165−23927261−229383

Ratios

As of 31 Mar 2026
13 periods
Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROCE %18.019.020.019.016.018.015.013.022.010.07.06.07.0
ROE %————————————7.1
EPS (₹)4.585.817.719.6210.2414.1815.3915.0232.7115.0411.499.1311.56
Book Value (₹)————————————164.0
Face Value (₹)————————————5
P/E————————————32.0
Div Yield %————————————0.22
NPM %6.27.28.910.49.112.113.011.919.58.26.54.55.1
OPM %15.016.019.021.018.023.023.022.028.016.015.014.014.0
D/E1.191.181.141.151.320.910.700.820.570.590.680.690.83
P/B————————————2.8

Growth

As of 11 Oct 2026
Compounded sales growth
10 years+11.0%
5 years+13.0%
3 years+8.0%
TTM+27.0%
Compounded profit growth
10 years+5.0%
5 years−5.0%
3 years−9.0%
TTM+122.0%
Stock price CAGR
10 years+11.0%
5 years−15.0%
3 years−2.0%
Last year+22.0%
Return on equity
10 years14.0%
5 years12.0%
3 years7.0%
Last year7.0%

Shareholding pattern

As of 31 Mar 2026
Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Promoters53.78%53.78%51.07%49.36%47.75%46.82%44.19%44.07%43.43%42.24%42.09%41.82%
FIIs4.07%4.07%3.64%7.43%8.28%8.66%12.46%12.32%10.93%6.29%7.38%7.00%
DIIs12.08%12.08%14.17%15.91%16.56%15.64%14.89%14.74%17.24%19.96%20.12%21.11%
Government0.00%0.00%0.00%0.00%0.00%0.00%0.01%0.01%0.03%0.01%0.01%0.01%
Public30.07%30.07%31.12%27.30%27.41%28.87%28.45%28.87%28.38%31.48%30.39%30.08%
No. of shareholders21,64921,64924,87033,09364,6061,07,8862,95,7633,85,7513,77,9534,39,2273,84,2103,70,868
Change since Jun 2023 (pp)
Promoters −11.96FIIs +2.93DIIs +9.03Public +0.01

Documents

As of 11 Oct 2026
Announcements
Announcement under Regulation 30 (LODR)-Newspaper PublicationNo-Objection For Reclassification From The 'Promoter Group' Category To The 'Public' CategoryNotice Of Extra-Ordinary General Meeting Scheduled To Be Held On Saturday, October 31, 2026 At 11:00 A.M. (IST)Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018Board Meeting Outcome for Outcome Of Board Meeting - Fund Raising (Enabling Approval)
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 2026PPTFeb 2026TranscriptFeb 2026PPTFeb 2026RecordingNov 2025TranscriptNov 2025PPTNov 2025Recording

Corporate actions

As of 11 Sep 2026
11 Sep 2026DIVIDENDDividend - Re 1 Per Share—
18 Aug 2025DIVIDENDDividend - Re 1 Per Share—
26 Jul 2024DIVIDENDDividend - Re 1 Per Share—
28 Jul 2023DIVIDENDDividend - Rs 1.50 Per Share—
15 Feb 2023DIVIDENDInterim Dividend - Re 1 Per Share—
19 Oct 2022DEMERGERDemerger—
16 Sep 2022DIVIDENDDividend - Rs 1.50 Per Share—
15 Feb 2022DIVIDENDInterim Dividend - Re 1 Per Share—
10 Nov 2021DIVIDEND Interim Dividend - Re 1 Per Share—
20 Sep 2021DIVIDEND Dividend - Rs 1.50 Per Share—
22 Jun 2021BONUS Bonus 1:1—
19 Nov 2020DIVIDEND Interim Dividend - Rs 1.50 Per Share—
10 Sep 2020DIVIDEND Dividend - Re 1 Per Share—
24 Feb 2020DIVIDEND Interim Dividend - Rs 2.5 Per Share—
27 Sep 2019BONUS Bonus 1:1—
27 Aug 2019DIVIDEND Annual General Meeting/Dividend - Rs 7 Per Share—
3 Jul 2019DEMERGER Scheme Of Demerger—
12 Feb 2019DIVIDEND Interim Dividend - Rs 4 Per Share—
11 Sep 2018DIVIDEND Annual General Meeting/Dividend- Re 1 Per Share—
18 Sep 2017DIVIDEND Annual General Meeting/ Dividend- Re 1 Per Share—
22 Mar 2016DIVIDEND Interim Dividend - Rs 3.50/- Per Share (Purpose Revised)—
12 Feb 2016DIVIDEND Interim Dividend -Rs 2/- Per Share (Purpose Revised)—
9 Nov 2015DIVIDEND Interim Dividend - Rs 3/- Per Share (Purpose Revised)—
15 Sep 2015DIVIDENDAnnual General Meetin/ Dividend - Rs 1.75/- Per Share—
12 Feb 2015DIVIDENDSecond Interim Dividend - Re 1.50 Per Share (Purpose Revised)—
13 Nov 2014DIVIDENDInterim Dividend - Rs 2.25/- Per Share (Purpose Revised)—
15 Sep 2014DIVIDENDAnnual General Meeting / Final Dividend - Rs 1.50/- Per Share—
6 Feb 2014DIVIDENDInterim Dividend - Rs 1.25/- Per Share (Purpose Revised)—
19 Nov 2013DIVIDENDInterim Dividend - Rs 1.75/- Per Share—
12 Sep 2013DIVIDENDAnnual General Meeting / Final Dividend - Rs 1.25/- Per Share—
11 Feb 2013DIVIDENDInterim Dividend Re 1.25 Per Share (Purpose Revised)—
5 Nov 2012DIVIDENDInterim Dividend Rs 1.50 Per Share (Purpose Revised)—
2 Aug 2012DIVIDENDAnnual General Meeting And Dividend Rs.1.50 Per Share—
6 Feb 2012DIVIDENDInterim Dividend Rs.2/- Per Share (Purpose Revised)—
16 Sep 2011DIVIDENDAnnual General Meeting And Dividend Rs.1.25 Per Share—
7 Feb 2011DIVIDENDInterim Dividend-Rs.1.25 Per Share (Purpose Revised)—
7 Sep 2010DIVIDENDAnnual General Meeting And Final Dividend Re.0.70 Per Share—
Fundamentals from a third-party compiler of exchange filings; prices from the exchanges. Not investment advice.© 2026 āagman