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
AARTI Industries Ltd
NSE:AARTIIND
(National Stock Exchange of India)

Recent

price

441.30

P/E

ratio

35.46

div

yld

- -

ROIC.AI

2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
TTM
INR
48.36
53.17
58.07
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
Revenue per Share
2.66
3.36
3.79
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
Basic EPS, GAAP
-0.26
-0.4
6.48
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
- -
Free Cash Flow per Basic Share
0.49
0.82
0.97
1.17
1.36
2.86
0.02
0.31
1.27
3.05
1.29
3.5
2.5
1.5
1
1
- -
Dividend per Share
16.58
18.65
23.9
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
- -
Book Value per Share
16.33
18.52
23.89
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
- -
Tangible Book Value per Share
307
307
354
354
354
333
328
325
347
348
348
363
363
363
363
363
362
Basic Weighted Avg Shares
14,839
16,323
20,576
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
Sales/Revenue/Turnover
-54.71
12.18
13.79
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
Operating Margin (%)
500
549
828
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
Depreciation Expense
815
1,033
1,344
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
Net Income, GAAP
30.33
28.65
28.78
26.21
23.96
26.09
21.19
19.32
18.94
19.14
19.46
13.57
10.78
- -
- -
- -
- -
Effective Tax Rate (%)
5.49
6.33
6.53
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
Profit Margin (%)
5,899
927
130
375
1,613
1,109
-32
986
6,449
885
-325
5,332
-3,240
-1,034
-5,717
-8,519
- -
Working Capital
2
1,037
1,175
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
- -
LT Debt
5,182
5,934
7,605
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
- -
Total Equity
-79.66
16.12
14.33
13.35
14.17
15.01
15.58
13.61
14.92
12.74
10.65
19.07
9.51
- -
- -
- -
- -
Return on Invested Capital (%)
16.87
17.28
13.83
13.6
14.25
13.69
14.31
12.49
14.03
12
9.91
18.47
8.57
- -
- -
- -
- -
Return on Capital (%)
16.92
18.79
19.97
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
- -
Return on Common Equity (%)

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
- -
- -
- -
- -
- -
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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.