Aarti Industries Ltd, the flagship company of the Aarti group, manufacturing organic and inorganic chemicals at its major facilities in Vapi, Jhagadia, Dahej and Kutch, in Gujarat and in Tarapur in Maharashtra. The company has a strong market position in the NCB-based specialty chemicals segment.[1]
Business Overview:[1]Aarti Industries is a diversified chemicals company engaged in specialty chemicals, agrochemicals and fertilizers, dyes, pigments and printing inks, pharmaceutical intermediates, polymer and additives, energy-related chemicals, and other specialty applications.
| S.No. | Name | Current Price (Rs.) | Price to Earning | Market Capitalization (Rs.Cr.) | Dividend yield (%) | Net Profit latest quarter (Rs.Cr.) | YOY Quarterly profit growth (%) | Sales latest quarter (Rs.Cr.) | YOY Quarterly sales growth (%) | Return on capital employed (%) | Sales (Rs.Cr.) | OPM (%) | Profit after tax (Rs.Cr.) | Profit after tax latest quarter (Rs.Cr.) | Price to book value | Return on assets (%) | Debt to equity |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1. | Pidilite Inds. | 1476.60 | 66.97 | 150320.89 | 0.68 | 584.60 | 8.36 | 3554.44 | 9.88 | 29.84 | 13817.59 | 23.31 | 2244.67 | 579.23 | 15.73 | 16.22 | 0.05 |
| 2. | Gujarat Fluoroch | 3414.60 | 55.04 | 37428.96 | 0.09 | 179.00 | 47.93 | 1210.00 | 1.85 | 9.89 | 4864.00 | 26.89 | 680.00 | 179.00 | 4.92 | 5.51 | 0.23 |
| 3. | Navin Fluo.Intl. | 6156.50 | 71.10 | 31573.62 | 0.19 | 148.37 | 152.24 | 758.42 | 46.26 | 11.68 | 2790.96 | 27.91 | 444.09 | 148.37 | 8.76 | 6.27 | 0.33 |
| 4. | Deepak Nitrite | 1546.40 | 39.69 | 21093.17 | 0.48 | 118.75 | -38.87 | 1901.89 | -6.40 | 16.28 | 7874.86 | 11.16 | 531.41 | 118.71 | 3.82 | 9.86 | 0.23 |
| 5. | Atul | 6003.00 | 32.66 | 17709.19 | 0.42 | 182.37 | 31.01 | 1551.85 | 11.42 | 12.81 | 5898.32 | 16.11 | 542.25 | 179.24 | 2.99 | 7.48 | 0.03 |
| 6. | Vinati Organics | 1574.70 | 35.18 | 16353.93 | 0.48 | 129.02 | 21.59 | 546.27 | -1.27 | 20.61 | 2258.65 | 29.70 | 464.92 | 129.02 | 5.50 | 13.64 | 0.00 |
| 7. | BASF India | 3633.30 | 40.90 | 15732.19 | 0.55 | 101.05 | -21.02 | 3904.04 | -8.09 | 18.02 | 14603.55 | 4.17 | 384.69 | 101.05 | 4.12 | 6.07 | 0.04 |
| 8. | Aarti Industries | 354.60 | 47.80 | 12859.38 | 0.28 | 101.00 | 43.64 | 2085.00 | 21.43 | 6.43 | 7464.00 | 13.30 | 269.00 | 79.00 | 2.25 | 3.19 | 0.69 |
| – | Median: 92 Co. | 279.4 | 27.1 | 825.24 | 0.34 | 7.21 | -0.86 | 134.38 | 5.61 | 15.16 | 512.22 | 13.09 | 26.07 | 7.24 | 2.7 | 7.88 | 0.11 |
Standalone figures in ₹ crores
| Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Sales | 1,686 | 1,635 | 1,639 | 1,404 | 1,450 | 1,724 | 1,769 | 1,845 | 1,717 | 1,751 | 1,992 | 1,636 | 2,085 |
Expenses | 1,417 | 1,349 | 1,387 | 1,202 | 1,217 | 1,465 | 1,486 | 1,539 | 1,518 | 1,518 | 1,727 | 1,425 | 1,801 |
Operating Profit | 269 | 286 | 252 | 202 | 233 | 259 | 283 | 306 | 199 | 233 | 265 | 211 | 284 |
Other Income | 0 | 0 | 0 | 0 | 0 | 8 | 0 | 6 | 8 | 3 | 4 | 4 | 23 |
Profit before tax | 152 | 159 | 135 | 73 | 82 | 116 | 126 | 146 | 37 | 41 | 92 | 42 | 88 |
Tax % | 17% | 15% | -10% | 3% | -11% | -7% | -5% | 5% | -49% | -15% | -8% | -5% | -15% |
Net Profit | 126 | 135 | 148 | 71 | 91 | 124 | 132 | 138 | 55 | 47 | 99 | 44 | 101 |
EPS in Rs | 3.48 | 3.73 | 4.08 | 1.96 | 2.51 | 3.42 | 3.64 | 3.81 | 1.52 | 1.30 | 2.73 | 1.21 | 2.79 |
Standalone Figures in ₹ Crores / Yearly
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Sales | 2,619 | 2,853 | 2,934 | 3,050 | 3,699 | 4,025 | 3,994 | 4,317 | 6,040 | 6,565 | 6,346 | 7,304 | 7,464 |
Expenses | 2,223 | 2,396 | 2,404 | 2,442 | 3,043 | 3,108 | 3,065 | 3,382 | 4,329 | 5,477 | 5,368 | 6,299 | 6,471 |
Operating Profit | 396 | 456 | 530 | 608 | 657 | 917 | 930 | 935 | 1,711 | 1,088 | 978 | 1,005 | 993 |
Other Income | 10 | 5 | 10 | 3 | 2 | 5 | 11 | 2 | 1 | 0 | 7 | 19 | 34 |
Interest | 118 | 137 | 116 | 117 | 131 | 179 | 122 | 86 | 102 | 166 | 211 | 275 | 307 |
Depreciation | 87 | 79 | 93 | 115 | 136 | 151 | 173 | 218 | 244 | 310 | 377 | 433 | 457 |
Profit before tax | 201 | 246 | 331 | 379 | 392 | 591 | 646 | 632 | 1,366 | 613 | 396 | 316 | 263 |
Net Profit | 149 | 188 | 252 | 307 | 316 | 481 | 523 | 514 | 1,182 | 546 | 417 | 340 | 291 |
EPS in Rs | 4.20 | 5.30 | 7.58 | 9.34 | 9.73 | 13.88 | 15.02 | 14.74 | 32.61 | 15.06 | 11.51 | 9.37 | 8.03 |
Dividend Payout % | 27% | 26% | 28% | 3% | 3% | 20% | 12% | 10% | 11% | 17% | 9% | 11% | – |
Standalone figures in ₹ crores
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 44 | 44 | 42 | 41 | 41 | 43 | 87 | 87 | 181 | 181 | 181 | 181 | 181 |
Reserves | 734 | 864 | 1,052 | 1,269 | 1,475 | 2,517 | 2,815 | 3,325 | 4,320 | 4,740 | 5,111 | 5,437 | 5,542 |
Borrowings | 1,037 | 1,201 | 1,275 | 1,545 | 2,047 | 2,366 | 2,073 | 2,851 | 2,581 | 2,907 | 3,622 | 3,846 | 3,970 |
Other Liabilities | 749 | 710 | 467 | 485 | 620 | 702 | 1,115 | 1,251 | 748 | 762 | 1,228 | 1,651 | 1,800 |
Total Liabilities | 2,565 | 2,819 | 2,836 | 3,341 | 4,182 | 5,628 | 6,089 | 7,514 | 7,830 | 8,590 | 10,143 | 11,115 | 11,493 |
Fixed Assets | 793 | 936 | 1,170 | 1,567 | 1,844 | 1,979 | 2,302 | 3,511 | 3,635 | 4,824 | 5,605 | 6,330 | 6,542 |
Gross Block | 1,430 | 1,637 | 1,963 | 2,474 | 2,887 | 3,136 | 3,599 | 5,027 | 5,036 | 6,261 | 7,239 | 8,372 | – |
Accumulated Depreciation | 637 | 701 | 793 | 908 | 1,043 | 1,157 | 1,297 | 1,516 | 1,401 | 1,437 | 1,634 | 2,042 | – |
CWIP | 113 | 188 | 307 | 267 | 431 | 795 | 1,418 | 1,298 | 1,303 | 1,096 | 1,229 | 1,457 | 1,596 |
Investments | 32 | 63 | 56 | 62 | 56 | 33 | 37 | 36 | 3 | 12 | 19 | 90 | 129 |
Other Assets | 1,627 | 1,632 | 1,304 | 1,446 | 1,850 | 2,820 | 2,333 | 2,669 | 2,889 | 2,658 | 3,289 | 3,239 | 3,226 |
Total Assets | 2,565 | 2,819 | 2,836 | 3,341 | 4,182 | 5,628 | 6,089 | 7,514 | 7,830 | 8,590 | 10,143 | 11,115 | 11,493 |
Standalone Figures in ₹ Crores / Yearly
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
Cash from Operating Activity | 292 | 357 | 550 | 411 | 312 | 700 | 1,065 | 844 | 507 | 1,281 | 1,159 | 1,282 |
Cash from Investing Activity | -271 | -323 | -424 | -470 | -574 | -768 | -1,109 | -1,307 | -1,162 | -1,301 | -1,317 | -1,435 |
Cash from Financing Activity | -19 | -20 | -128 | 57 | 264 | 839 | -520 | 635 | 417 | 46 | 421 | -74 |
Net Cash Flow | 3 | 14 | -2 | -3 | 2 | 771 | -564 | 173 | -239 | 27 | 263 | -227 |
Standalone Figures in ₹ Crores / Yearly
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 65 | 60 | 65 | 66 | 69 | 73 | 72 | 69 | 68 | 54 | 51 | 43 |
Inventory Days | 146 | 124 | 104 | 124 | 132 | 139 | 167 | 186 | 137 | 115 | 121 | 119 |
Days Payable | 89 | 57 | 66 | 67 | 67 | 53 | 69 | 121 | 53 | 26 | 79 | 105 |
Cash Conversion Cycle | 122 | 126 | 103 | 123 | 135 | 159 | 169 | 135 | 153 | 143 | 93 | 56 |
Working Capital Days | 6 | 11 | 7 | -4 | 6 | -14 | -15 | -38 | 23 | -29 | -35 | -43 |
ROCE % | 19% | 19% | 20% | 19% | 16% | 18% | 15% | 13% | 22% | 10% | 7% | 6% |
Direct from BSE filings, auto-summarised
External media mentions & references
Editorial & research coverage
Nov 2025
Aug 2025
Jul 2025
May 2025
Feb 2025
Nov 2024
Aug 2024
Aug 2024
Aug 2024
Aug 2024
May 2024
Feb 2024
Nov 2023
Aug 2023
Aug 2023
May 2023
Mar 2023
Mar 2023
Feb 2023
Nov 2022
Sep 2022
Aug 2022
Jun 2022
Feb 2022
Nov 2021
Sep 2021
Aug 2021
Jun 2021
May 2021
Jan 2021
Nov 2020
Aug 2020
May 2020
Feb 2020
Nov 2019
Aug 2019
Jul 2019
May 2019
Feb 2019
Nov 2018
Aug 2018
May 2018
Feb 2018
Nov 2017
Aug 2017
Jun 2017
Mar 2017
Nov 2016
Aug 2016
Jun 2016
Apr 2016
Mar 2016
Mar 2016
Feb 2016
Jan 2016
Stock Analysis
Aarti Industries Ltd, the flagship company of the Aarti group, manufacturing organic and inorganic chemicals at its major facilities in Vapi, Jhagadia, Dahej and Kutch, in Gujarat and in Tarapur in Maharashtra. The company has a strong market position in the NCB-based specialty chemicals segment.
Currently no data available for Key Growth Triggers.
Currently no data available for Order Book.
Currently no data available for Key Red Flags.
Currently no data available for Key Dates To Watch.
Corporate Announcements
