Chemicals · NIFTY 500

Aarti Industries Limited

NSEAARTIIND BSE524208 ISININE769A01020 SeriesEQ Listed on NSE · BSE

₹483.90 +0.65 (+0.13%) Updated 12 Nov, 7:47 pm IST

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Price, daily close+14.57% in a year

Today

Open: ₹487.00
Prev close: ₹483.25
Day high: ₹487.70
Day low: ₹475.95
Volume: 4.41 L
Value traded: ₹21.26 Cr
Upper circuit: ₹579.90
Lower circuit: ₹386.60
52W high: ₹551.75
52W low: ₹338.05
1 month: -7.71%
6 months: -9.49%

52W low52W high

Ratios

Key numbers

Worked out from the latest filings (Consolidated) and today's price. TTM = last four quarters.

Market cap₹17,553 Cr

P/E (TTM)29.60

P/B2.80

Book value / share₹172.69

EPS (TTM)₹16.35

ROE7.0%

Dividend yield0.21%

Dividend (12m)₹1.00 / share

Net margin (TTM)4.1%

Operating margin11.2%

Debt / equity0.82

Current ratio0.83

EV / EBITDA15.40

Sales growth (YoY qtr)+74.67%

Profit growth (YoY qtr)+58.79%

Sales CAGR 3Y+7.78%

Profit CAGR 3Y-8.40%

Shares36.27 Cr

Quarterly results

Results for each quarter

Last 12 quarters, consolidated, ₹ crore. Hover a bar to see the number.

Revenue and net profit

1,732124

Dec 23

1,773132

Mar 24

1,855138

Jun 24

1,62852.3

Sep 24

1,84046.0

Dec 24

1,94995.8

Mar 25

1,67648.0

Jun 25

2,100106

Sep 25

2,319133

Dec 25

2,206137

Mar 26

2,3870.0

Jun 26

3,668168

Sep 26

Revenue · QoQ (vs last quarter)

—+2.4%+4.6%-12%+13%+5.9%-14%+25%+10%-4.9%+8.2%+54%

Revenue · YoY (vs a year ago)

————+6.3%+9.9%-9.7%+29%+26%+13%+42%+75%

Net profit · QoQ (vs last quarter)

—+6.3%+4.7%-62%-12%+108%-50%+121%+25%+3.3%-100%—

Net profit · YoY (vs a year ago)

————-63%-27%-65%+103%+189%+43%-100%+59%

RevenueNet profitLine = trend

3.42

Dec 23

3.64

Mar 24

3.77

Jun 24

1.44

Sep 24

1.27

Dec 24

2.64

Mar 25

1.19

Jun 25

2.91

Sep 25

3.66

Dec 25

3.78

Mar 26

4.26

Jun 26

4.65

Sep 26

EPS (₹) · YoY (vs a year ago)

————-63%-27%-68%+102%+188%+43%+258%+60%

EPS (₹)Line = trend

₹ Cr	Dec 23	Mar 24	Jun 24	Sep 24	Dec 24	Mar 25	Jun 25	Sep 25	Dec 25	Mar 26	Jun 26	Sep 26
Revenue	1,732	1,773	1,855	1,628	1,840	1,949	1,676	2,100	2,319	2,206	2,387	3,668
Other income	8.4	-0.1	5.7	4.9	4.5	-2.9	3.5	0.3	1.9	-0.8	3.0	7.2
Total income	1,740	1,773	1,860	1,632	1,845	1,946	1,679	2,101	2,321	2,205	2,390	3,676
Raw material	983	1,083	1,056	1,059	1,160	1,104	1,060	1,317	1,385	1,495	1,647	2,569
Purchases	25.8	71.0	75.2	38.6	34.4	71.6	72.7	77.0	215	235	190	328
Employee cost	103	100	113	105	105	98.9	109	105	106	103	120	124
Other expenses	268	319	281	310	273	331	233	329	360	439	353	503
Total expenses	1,623	1,647	1,716	1,601	1,805	1,858	1,637	2,029	2,187	2,094	2,212	3,471
Operating profit	260	283	305	199	232	269	212	313	306	343	384	411
OPM %	15.0%	16.0%	16.4%	12.3%	12.6%	13.8%	12.7%	14.9%	13.2%	15.5%	16.1%	11.2%
Finance cost	54.0	58.9	63.6	62.4	85.5	64.0	59.5	100	68.5	112	83.0	88.3
Depreciation	97.4	98.3	102	108	111	113	114	120	121	119	124	125
Exceptional items	—	—	—	2.4	—	—	—	22.0	-15.4	—	2.0	—
Profit before tax	117	126	145	34.0	40.0	88.5	41.9	93.5	118	111	180	204
Tax	-7.5	-6.1	8.0	-18.3	-6.0	-7.3	-1.4	-12.0	-14.4	-26.2	25.0	33.9
Net profit	124	132	137	52.3	46.0	95.8	43.3	106	133	137	155	169
Profit to shareholders	124	132	138	—	46.0	95.8	48.0	106	133	137	0.0	168
EPS (₹)	3.42	3.64	3.77	1.44	1.27	2.64	1.19	2.91	3.66	3.78	4.26	4.65

Profit & loss

Results for each year

8 financial years (April to March), consolidated, ₹ crore.

Sales, operating profit and net profit

3,806699330

FY18

4,186977536

FY20

4,506982523

FY21

7,0001,9291,307

FY22

6,6191,089545

FY23

6,372977416

FY24

7,2711,003331

FY25

8,2861,174419

FY26

Revenue · YoY (vs a year ago)

——+7.6%+55%-5.4%-3.7%+14%+14%

Net profit · YoY (vs a year ago)

——-2.4%+150%-58%-24%-21%+27%

RevenueOperating profitNet profitLine = trend

₹ Cr	FY18	FY20	FY21	FY22	FY23	FY24	FY25	FY26
Revenue	3,806	4,186	4,506	7,000	6,619	6,372	7,271	8,286
Other income	7.8	8.8	0.7	0.8	0.9	8.4	14.1	4.9
Total expenses	3,385	3,519	3,842	5,474	6,008	5,985	6,981	7,933
Employee cost	190	305	371	442	385	404	422	422
Operating profit	699	977	982	1,929	1,089	977	1,003	1,174
OPM %	18.4%	23.3%	21.8%	27.6%	16.5%	15.3%	13.8%	14.2%
Finance cost	132	125	86.4	114	168	211	275	340
Depreciation	146	185	231	289	310	378	434	474
Profit before tax	429	676	665	1,527	611	395	307	365
Tax	82.9	129	129	219	65.9	-21.1	-23.6	-54.3
Tax rate %	19.3%	19.1%	19.5%	14.4%	10.8%	-5.3%	-7.7%	-14.9%
Net profit	346	547	535	1,307	545	416	331	419
Profit to shareholders	330	536	523	1,307	545	416	331	419
Net margin %	8.7%	12.8%	11.6%	18.7%	8.2%	6.5%	4.6%	5.1%
EPS (₹)	40.95	30.77	30.04	36.06	15.04	11.49	9.12	11.55

Balance sheet

Assets and debt

At each year end (and the latest half year), ₹ crore.

Equity, debt and assets

4,9202,874167

Mar 23

5,2903,18441.8

Mar 24

5,6053,790199

Mar 25

5,9554,921583

Mar 26

6,2645,146468

Sep 26

Shareholders' equity · YoY (vs a year ago)

—+7.5%+6.0%+6.2%—

Shareholders' equityBorrowingsCashLine = trend

₹ Cr	Mar 23	Mar 24	Mar 25	Mar 26	Sep 26
Shareholders' equity	4,920	5,290	5,605	5,955	6,264
Long-term borrowings	635	1,524	1,867	2,188	2,005
Short-term borrowings	2,239	1,660	1,922	2,733	3,142
Total borrowings	2,874	3,184	3,790	4,921	5,146
Current liabilities	2,783	2,577	3,466	5,039	5,914
Fixed assets (PPE)	4,859	5,641	6,329	6,265	6,242
Inventories	1,031	1,160	1,454	1,732	2,266
Trade receivables	940	826	786	1,403	1,701
Cash & equivalents	167	41.8	199	583	468
Current assets	2,459	2,469	2,895	4,187	4,932
Total assets	8,581	9,616	11,114	13,300	14,279
Debt / equity	0.58	0.60	0.68	0.83	0.82

Cash flow

Cash coming in and going out

For each financial year, ₹ crore. Free cash flow = cash from operations minus spending on fixed assets.

Operating, investing and financing cash

471-1,305679

FY22

1,310-1,33047.2

FY23

1,204-1,31035.0

FY24

1,242-1,398-73.2

FY25

781-1,142745

FY26

Operations · YoY (vs a year ago)

—+178%-8.1%+3.2%-37%

OperationsInvestingFinancingLine = trend

₹ Cr	FY22	FY23	FY24	FY25	FY26
Cash from operations	471	1,310	1,204	1,242	781
Cash from investing	-1,305	-1,330	-1,310	-1,398	-1,142
Cash from financing	679	47.2	35.0	-73.2	745
Spent on fixed assets	-1,307	-1,326	-1,328	-1,386	-1,124
Free cash flow	-836	-16.4	-124	-144	-343
Net cash flow	-155	27.2	-71.0	-229	383

Shareholding

Who holds the shares

Promoter and public holding at each quarter end, as filed with NSE.

Holding over time

43.6%Dec 23

43.4%Mar 24

43.2%Jun 24

42.6%Sep 24

42.4%Dec 24

42.2%Mar 25

42.2%Jun 25

42.2%Sep 25

42.1%Dec 25

42.1%Mar 26

41.8%Jun 26

41.8%Sep 26

Promoter & groupPublic

Latest (30 Sep 2026)

41.8%promoter

Promoter & group: 41.82%
Public (FIIs, mutual funds, retail…): 58.18%
Promoter change, last quarter: 0.00 pts

Dividends & news

Latest dividends and announcements

Dividends & corporate actions

Dividend - Re 1 Per ShareEx 11-Sep-2026
Dividend - Re 1 Per ShareEx 18-Aug-2025
Dividend - Re 1 Per ShareEx 26-Jul-2024
Dividend - Rs 1.50 Per ShareEx 28-Jul-2023
Interim Dividend - Re 1 Per ShareEx 15-Feb-2023
DemergerEx 19-Oct-2022
Dividend - Rs 1.50 Per ShareEx 16-Sep-2022
Interim Dividend - Re 1 Per ShareEx 15-Feb-2022

Board meetings

the Half Yearly Unaudited Financial results of the Company for the period ended September 2026 and Other business.30-Oct-2026
the financial results for the period ended September 30, 202630-Oct-2026
Fund raising.01-Oct-2026
Fund Raising (Enabling Approval)01-Oct-2026
the Quarterly Unaudited Financial results of the Company for the period ended June 2026 and Other business.30-Jul-2026

Filings with NSE

Analysts/Institutional Investor Meet/Con. Call Updates6 Nov
Analysts/Institutional Investor Meet/Con. Call Updates2 Nov
Shareholders meeting2 Nov
Analysts/Institutional Investor Meet/Con. Call Updates1 Nov
Shareholders meeting31 Oct
Copy of Newspaper Publication31 Oct
Press Release30 Oct

Latest news

Stocks to buy: 5 midcap and chemical stocks with up to 25% upside potentialThe Economic Times · 19 Aug, 12:30 pm AARTIIND Forecast — Price Target — Prediction for 2027TradingView · 25 Jun, 8:50 pm Aarti Industries profit surges 260% to ₹155 crore in Q1FY27scanx.trade · 30 Jul, 10:19 pm Aarti Industries (NSEI:AARTIIND) Stock Forecast & Analyst PredictionsSimply Wall St · 3 Nov, 1:30 pm Aarti Industries shares jump 6% on $150 mn agrochemical supply dealBusiness Standard · 12 Mar, 12:30 pm Aarti Industries, Niva Bupa, Thermax shares spurt amid heavy volumes; check full listUpstox · 31 Jul, 12:30 pm Aarti Industries Share Price: price action and fundamentalsUnivest · 19 Oct, 12:30 pm Aarti Industries Ltd. Share Price Today - Aarti Industries Ltd. Stock Price Live NSE/BSECNBC TV18 · 2 Jan, 4:21 pm

About

About Aarti Industries Limited

Aarti Industries Limited is listed on the NSE under the symbol AARTIIND and belongs to the Chemicals sector.

Company details

Company name: Aarti Industries Limited
NSE symbol: AARTIIND
BSE scrip code: 524208
ISIN: INE769A01020
Listed on: NSE, BSE
Series: EQ (normal equity)
Listed on NSE since: 8 Feb 1995
Face value: ₹5 per share
Market lot: 1 share
Shares issued: 36.27 crore
Index: NIFTY 500
Sector (NSE): Chemicals
Industry: Chemicals: Major Diversified
Managing director / CEO: Suyog Kalyanji Kotecha
Chair: Rajendra Vallabhaji Gogri
Headquarters: Vapi, IN
Registered address: 71, 2nd Floor, Udyog Kshetra, Mulund-Goregaon Link Road, Salpa Devi Pada, Mulund West, Mumbai - 400 080, Maharashtra
Founded: 1984
Employees: 13,083
Financial year: April to March
Results basis: Consolidated
Website: aartiindustries.com

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Prices from NSE via Upstox. Financials from the company's results filed with NSE (XBRL); ratios are our own working. Profile from global-stock-logos (MIT). For information only, not a recommendation to buy or sell.

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Aarti Industries Limited

Today

Ratios

Quarterly results

Revenue and net profit

Profit & loss

Sales, operating profit and net profit

Balance sheet

Equity, debt and assets

Cash flow

Operating, investing and financing cash

Shareholding

Holding over time

Latest (30 Sep 2026)

Dividends & news

Dividends & corporate actions

Board meetings

Filings with NSE

Latest news

About

Company details

Peers