1. India Stocks

  2. •

    Process industries

  3. •

    Chemicals: major diversified
AARTI Industries Ltd

AARTI Industries Ltd

441.30
INR
-23.10
(-4.97%)
12.90EPS
35.46P/E
166.24BMarket Cap
Nov 17Next Earn
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
2026 Y
TTM
Revenue per Share
73.33
80.75
88.7
94.82
115.6
118.89
117.81
123.55
143.2
179.09
170.8
196.66
225.11
237.12
Basic EPS, GAAP
4.58
5.81
7.71
9.61
10.24
14.18
15.38
15.02
32.71
15.04
11.49
9.13
11.56
12.93
Free Cash Flow per Basic Share
8.89
9.58
17.21
-1.83
-8.61
-1.66
-1.47
-12.69
-17.84
-0.21
-3.27
-3.98
-9.47
- -
Dividend per Share
1.17
1.36
2.86
0.02
0.31
1.27
3.05
1.29
3.5
2.5
1.5
1
1
- -
Book Value per Share
24.57
30.18
34.12
41.48
48.54
75.89
85.48
100.52
124.6
135.72
145.92
154.62
164.24
- -
Tangible Book Value per Share
24.57
30.18
34.11
41.41
48.48
75.85
85.46
100.51
123.41
132.73
140.86
148.31
157.23
- -
Basic Weighted Avg Shares
354
354
333
328
325
347
348
348
363
363
363
363
363
362
Sales/Revenue/Turnover
25,984
28,614
29,562
31,146
37,593
41,215
41,053
43,052
51,912
64,922
61,917
71,294
81,618
85,850
Operating Margin (%)
12.28
13.57
16.41
17.35
14.95
19.86
19.62
17.78
28.63
12.26
10.01
8.39
8.69
8.32
Depreciation Expense
885
820
985
1,225
1,462
1,627
1,852
2,313
2,464
3,105
3,781
4,343
4,741
4,780
Net Income, GAAP
1,624
2,059
2,569
3,158
3,330
4,917
5,361
5,235
11,857
5,452
4,165
3,309
4,191
4,680
Effective Tax Rate (%)
26.21
23.96
26.09
21.19
19.32
18.94
19.14
19.46
13.57
10.78
- -
- -
- -
- -
Profit Margin (%)
6.25
7.19
8.69
10.14
8.86
11.93
13.06
12.16
22.84
8.4
6.73
4.64
5.13
5.45
Working Capital
375
1,613
1,109
-32
986
6,449
885
-325
5,332
-3,240
-1,034
-5,717
-8,519
- -
LT Debt
2,626
4,192
5,269
5,964
9,083
8,148
6,020
12,812
9,448
6,600
15,732
19,146
22,217
- -
Total Equity
8,750
10,754
11,894
14,263
16,555
27,147
30,734
35,149
45,174
49,208
52,905
56,052
59,552
- -
Return on Invested Capital (%)
13.35
14.17
15.01
15.58
13.61
14.92
12.74
10.65
19.07
9.51
- -
- -
- -
- -
Return on Capital (%)
13.6
14.25
13.69
14.31
12.49
14.03
12
9.91
18.47
8.57
- -
- -
- -
- -
Return on Common Equity (%)
19.97
21.22
23.28
25.26
22.64
23.36
19.11
16.15
29.57
11.56
8.16
6.07
7.25
- -

Capital Structure

INR

•

in mil. unless spec.
Dec'26
Mar'26
Jun'27
ST Debt
- -
27,446
- -
LT Borrowings
- -
21,877
- -
LT Finance Leases
- -
340
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
363
363
363
Market Capitalization
135,574
144,693
166,238

Working Capital

INR

•

in mil. unless spec.
Dec'26
Mar'26
Jun'27
Total Current Assets
- -
41,873
- -
Cash, Cash Equivalents & STI
- -
6,192
- -
Accounts Receivable, Net
- -
14,029
- -
Inventories
- -
17,322
- -
Total Current Liabilities
- -
50,393
- -
Payables & Accruals
- -
- -
- -
ST Debt
- -
27,446
- -
Deferred Revenue
- -
- -
- -

Growth Rates

INR

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
18.47%
11.43%
6.24%
Free Cash Flow
250.22%
314.93%
138.08%
Net Income, GAAP
13.77%
10.99%
26.65%
Sales/Revenue/Turnover
11.08%
14.13%
14.48%
Total Cash Common Dividend
197.09%
15.9%
0.03%

Quarterly Revenue

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
18,510
16,280
18,430
19,490
71,294
2026
16,750
- -
23,180
22,050
81,618
2027
23,870
- -
- -
- -
- -

Quarterly Earnings Per Share

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
3.77
1.44
1.27
2.64
9.13
2026
1.19
- -
3.67
3.79
11.56
2027
4.27
- -
- -
- -
- -

Quarterly Dividends Per Share

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
- -
- -
- -
- -
1
2026
- -
- -
- -
- -
1
2027
- -
- -
- -
- -
- -

Company Description

Company Profile APIChatGPT
CEO
Suyog Kalyanji Kotecha
Full Time Employees
13,083
Sector
Process industries
Industry
Chemicals: major diversified
Address
71, Udyog Kshetra Mumbai MA India 400 080
IPO Date
Dec 29, 1994
Website
aarti-industries.com
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Business
Aarti Industries Limited Aarti Industries Limited manufactures specialty chemicals and pharmaceuticals for downstream applications in agrochemicals, polymers, additives, surfactants, pigments, dyes, and related industries. The company produces a diverse portfolio encompassing basic chemicals, agrochemical intermediates, specialty chemicals including nitro chloro benzene, di-chloro benzenes, nitro fluoro aromatics via the Halex process, and phenylenediamines; pharmaceutical active pharmaceutical ingredients, intermediates, and xanthine derivatives; as well as other products such as single super phosphate, calcium chloride granules, fuel additives, phthalates, and sulphuric acid. Founded in 1984 and headquartered in Mumbai, India, Aarti Industries Limited operates eight manufacturing plants primarily in India with exports to over 60 countries including the USA, Europe, and Japan, serving more than 700 domestic and 400 global customers across agrochemicals, pharmaceuticals, FMCG, dyes, pigments, printing inks, polymer additives, and fuel additives sectors. Recent developments include a May 2024 joint venture with UPL Limited UPL Limited through Augene Chemical Private Limited for manufacturing and marketing specialty chemicals in agrochemical and paint industries with initial equity investments of INR 125 million each and further planned infusions; a January 2025 acquisition of 26.25% equity stake and convertible debentures in Pro-Zeal Green Power Seven Private Limited for a 9.24 MW solar power plant to support captive power needs; and a September 2025 long-term strategic supply agreement with DCM Shriram DCM Shriram Ltd. for critical chemicals enhancing chlorine integration and operational efficiency.