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Aartech Solonics Limited

Aartech Solonics Limited

AARTECH.NS
Aartech Solonics LimitedIN flagNational Stock Exchange of India
42.65
INR
+1.20
- -
1.36BMarket Cap
Aartech Solonics Limited
AARTECH.NS
(National Stock Exchange of India)

Recent

price

42.65

P/E

ratio

- -

div

yld

- -

ROIC.AI

2014
2015
2016
2017
2018
2020
2021
2022
2023
2024
2025
2026
TTM
FRC
2.79
2.91
3.06
4.01
3.11
3.18
3.45
5.14
6.83
10.31
11.58
- -
12.29
Revenue per Share
-0.22
0.35
0.07
0.09
0.24
-0.06
0.08
0.88
0.45
0.41
0.87
- -
1.33
Basic EPS, GAAP
0.73
-0.36
- -
0.54
-0.47
0.4
-0.51
0.52
-1.68
0.27
-0.65
- -
- -
Free Cash Flow per Basic Share
0.09
0.09
0.09
0.09
- -
- -
- -
- -
0.17
0.17
0.25
- -
- -
Dividend per Share
1.86
2.04
2.02
2.11
2.34
- -
3.1
5.17
5.43
5.64
8.01
- -
4.78
Book Value per Share
5.02
5.2
5.18
5.28
5.51
- -
7.85
8.82
9.08
9.3
10.04
- -
10.54
Tangible Book Value per Share
32
32
32
32
32
32
32
32
32
32
31
- -
33
Basic Weighted Avg Shares
89
92
97
127
99
101
110
163
217
327
364
409
409
Sales/Revenue/Turnover
-13.09
8.69
-0.79
-1.87
2.88
-2.45
0.71
13.37
6.96
1.3
8.84
13.73
13.73
Operating Margin (%)
3
3
3
3
3
3
4
3
4
5
5
5
5
Depreciation Expense
-7
11
2
3
8
-2
3
28
14
13
27
40
44
Net Income, GAAP
- -
20.75
12.57
6.7
21.04
- -
43.98
18.3
30.97
49.05
- -
35.74
35.74
Effective Tax Rate (%)
-7.95
12.2
2.34
2.36
7.66
-1.93
2.35
17.12
6.56
4.02
7.51
9.9
10.79
Profit Margin (%)
102
109
106
110
114
- -
140
158
182
190
233
276
276
Working Capital
- -
- -
- -
- -
- -
- -
2
1
1
1
- -
- -
- -
LT Debt
160
165
165
168
175
- -
249
280
289
295
315
351
351
Total Equity
- -
3.91
-0.41
-1.32
1.3
- -
0.33
6.45
3.46
0.67
- -
9.22
9.22
Return on Invested Capital (%)
- -
18.22
3.93
4.52
10.34
- -
6.3
20.64
8.47
6.92
4.95
17.63
20.4
Return on Capital (%)
- -
18.18
3.54
4.58
10.69
-5.23
5.23
21.29
8.44
7.48
12.68
19.74
21.5
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Sep'26
Dec'26
Mar'26
ST Debt
54
- -
56
LT Borrowings
- -
- -
- -
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
32
- -
32
Market Capitalization
1,660
1,556
1,157

Working Capital

FRC

•

in mil. unless spec.
Sep'26
Dec'26
Mar'26
Total Current Assets
371
- -
425
Cash, Cash Equivalents & STI
138
- -
137
Accounts Receivable, Net
91
- -
164
Inventories
127
- -
108
Total Current Liabilities
114
- -
149
Payables & Accruals
- -
- -
- -
ST Debt
54
- -
56
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
7.14%
11.33%
Free Cash Flow
-86,681.77%
-223.86%
-39.15%
Net Income, GAAP
83.01%
216.9%
48.3%
Sales/Revenue/Turnover
18.08%
31.26%
12.47%
Total Cash Common Dividend
- -
- -
-50.01%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
64
90
73
100
327
2025
66
94
98
106
364
2026
43
117
74
175
409

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.23
0.11
0.19
- -
0.41
2025
0.33
0.47
0.58
-0.51
0.87
2026
0.3
0.68
0.18
0.19
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
0.17
2025
- -
- -
- -
- -
0.25
2026
- -
- -
- -
- -
- -
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Business
Aartech Solonics Limited Aartech Solonics Limited operates as a system solution-oriented research and development enterprise specializing in customized electrical systems and energy applications for power generation, transmission and distribution, heavy engineering, defense, renewable and non-renewable energy, railways, oil and gas, healthcare, IT and telecom, and transportation sectors; its core products and services include the flagship BTS 2000 microprocessor-based fast bus transfer system for critical process continuity in power plants and process industries, control and relay panels for 11kV and 33kV substations, KranKing Faradigm ultracapacitors for power quality applications, CLiP current limiting protectors rated up to 38kV and 5000A, automation controllers and SCADA systems for real-time power network monitoring, load checkers, Bestcase rugged enclosures, organic waste-to-compost machines, and emerging defense technologies such as electromagnetic launch systems (EMLS) and adaptive alternate power modules (AAPM) for naval platforms, drones, armored vehicles, and artillery. The company maintains manufacturing facilities in Mandideep, Madhya Pradesh, and Parwanoo, Himachal Pradesh, with headquarters in Bhopal, India, and serves customers across 20 countries including recent international orders from Indonesia for bus transfer systems and Qatar for current limiting protectors. Founded in 1982 by Anil Anant Raje with commercial production starting in 1988, Aartech Solonics converted to a public limited company in 1992 and continues to emphasize in-house R&D recognized by the Department of Scientific and Industrial Research, with subsidiaries including AIC Aartech Solonics and Faradigm Ultracapacitors, and a joint venture with Enerqual Technology. Recent developments include securing SCADA panels for Chhattisgarh Power Distribution Company, tool kits for Indian Air Force and Navy, winning the Disc5 Challenge at DefConnect 2.0 for defense innovations, progressing EMLS in collaboration with R&D Pune and AAPM with Sudarshan Chakra Corps and IIT Mumbai including patent filings, laying the foundation for an energy storage manufacturing facility operational by end-2026, and reporting strong Q1 FY2026 results with revenue growth amid defense and power sector wins. Promoter holding stands at 52.7%, with operations supported by alliances such as Cooper Power Systems and a network of service providers ensuring commissioning, training, and quality assurance compliant with international standards.