Aarti Industries Ltd.

NSE: AARTIIND · Chemicals

₹444.05+0.17%06 Nov 2026

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Instant answers about Aarti Industries Ltd. — computed from its filings, no language model

Market cap₹16,107 cr

Current price₹444.05

High / Low₹543 / ₹340

P/E36.7

P/B2.57

Book value₹172.7

ROE7.0%

ROCE8.5%

Debt / equity0.82

Dividend yield0.23%

EPS (TTM)₹12.09

Face value₹5

Price & valuation

split & bonus adjusted · pick a metric and range

Annual performance

annual · ₹ crore · line = operating margin

showing latest 6 of 7 periods

	FY20	FY21	FY22	FY23	FY24	FY25	FY26
Revenue	4,186	4,506	7,000	6,619	6,372	7,271	8,286
EBITDA	977	982	1,929	1,089	977	1,000	1,168
Operating margin	23.3%	21.8%	27.6%	16.5%	15.3%	13.8%	14.1%
Interest	125	86	114	168	211	275	340
Depreciation	185	231	289	310	378	434	474
Profit before tax	676	665	1,527	611	395	307	365
Tax	129	129	219	66	-21	-24	-54
Net profit	536	523	1,307	545	416	331	419
EPS ₹	30.77	30.04	36.06	15.04	11.49	0.00	11.56
Operating cash flow	—	—	471	1,310	1,204	1,242	781
Capex	—	—	1,307	1,326	1,328	1,386	1,124
Dividend paid	—	—	127	91	54	36	36
Total assets	6,332	7,642	9,673	8,581	9,616	11,114	13,300
Equity	2,979	3,503	5,914	4,920	5,290	5,605	5,955

Quarterly performance

last 28 quarters · ₹ crore

showing latest 8 of 28 periods

	JUN '19	DEC '19	MAR '20	JUN '20	SEP '20	DEC '20	MAR '21	JUN '21	SEP '21	MAR '22	JUN '22	SEP '22	DEC '22	MAR '23	JUN '23	SEP '23	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	1,135	1,218	1,076	937	1,173	1,187	1,209	1,317	1,552	1,756	1,972	1,685	1,668	1,656	1,414	1,454	1,732	1,773	1,855	1,628	1,840	1,949	1,676	2,100	2,319	2,206	2,387	3,668
Operating profit	250	254	219	182	254	285	813	314	310	339	369	267	289	252	201	233	260	283	305	197	232	269	212	291	321	343	382	411
Operating margin	22.0%	20.9%	20.3%	19.4%	21.7%	24.0%	67.3%	23.8%	20.0%	19.3%	18.7%	15.8%	17.3%	15.2%	14.2%	16.0%	15.0%	16.0%	16.4%	12.1%	12.6%	13.8%	12.7%	13.9%	13.9%	15.5%	16.0%	11.2%
Other income	2	0	0	0	0	0	0	0	1	0	0	0	0	0	0	0	8	-0	6	5	5	-3	4	0	2	-1	3	7
Interest	31	29	34	25	22	17	22	38	18	31	50	44	47	33	40	58	54	59	64	62	85	64	60	100	69	112	83	88
Depreciation	43	47	49	52	55	59	66	69	71	77	87	73	82	84	89	93	97	98	102	108	111	113	114	120	121	119	124	125
Profit before tax	178	179	136	105	177	209	726	207	221	231	233	150	160	135	71	82	117	126	145	34	40	88	42	94	118	111	180	204
Tax	36	36	26	22	34	40	34	42	45	38	44	26	23	-13	2	-9	-7	-6	8	-18	-6	-7	-1	-12	-14	-26	25	34
Net profit	0	140	110	82	140	165	136	165	176	194	0	0	0	149	70	91	124	132	138	52	46	96	48	106	133	137	0	168
EPS ₹	15.94	8.03	6.33	4.70	8.05	9.49	7.81	4.55	4.86	5.34	5.22	3.43	3.77	4.10	1.93	2.50	3.42	3.64	3.77	1.44	1.27	0.00	1.19	2.91	3.67	3.79	4.27	4.65
Revenue YoY	—	—	—	-17.5%	—	-2.6%	12.4%	40.5%	32.3%	45.2%	49.8%	8.6%	—	-5.7%	-28.3%	-13.7%	3.8%	7.1%	31.2%	11.9%	6.3%	9.9%	-9.7%	29.0%	26.0%	13.2%	42.5%	74.7%
Profit YoY	—	—	—	—	—	18.2%	23.3%	101.4%	25.6%	42.3%	-100.0%	-100.0%	—	-23.3%	—	—	—	-11.3%	98.0%	-42.3%	-63.0%	-27.4%	-65.3%	102.5%	189.0%	43.3%	-100.0%	58.8%

Earlier results (standalone, Sep '07 – Mar '19)

₹ crore · from BSE, before the NSE XBRL filings begin

Aarti Industries Ltd. reports consolidated figures above. Quarterly consolidated results only became mandatory in India in 2019, so the earlier history available is the standalone company only (excluding subsidiaries). It is shown separately so the two bases are never mixed.

Full years

showing latest 8 of 11 periods

	FY09†	FY10†	FY11†	FY12†	FY13†	FY14†	FY15†	FY16†	FY17†	FY18†	FY19†
Revenue	1,341	1,251	1,462	1,697	1,973	2,633	2,871	2,717	2,998	3,699	4,858
Operating profit	228	197	193	245	302	395	456	530	608	657	914
Operating margin	17.0%	15.7%	13.2%	14.4%	15.3%	15.0%	15.9%	19.5%	20.3%	17.8%	18.8%
Other income	2	2	4	3	6	10	2	10	3	2	5
Interest	85	51	56	72	88	118	137	116	117	131	181
Depreciation	35	44	48	54	69	87	79	93	115	136	160
Profit before tax	110	103	94	122	152	201	246	331	379	392	578
Tax	29	34	27	35	38	52	58	79	72	76	108
Net profit	81	69	67	87	114	149	188	252	307	316	469

Quarters

showing latest 8 of 47 periods

	SEP '07†	DEC '07†	MAR '08†	JUN '08†	SEP '08†	DEC '08†	MAR '09†	JUN '09†	SEP '09†	DEC '09†	MAR '10†	JUN '10†	SEP '10†	DEC '10†	MAR '11†	JUN '11†	SEP '11†	DEC '11†	MAR '12†	JUN '12†	SEP '12†	DEC '12†	MAR '13†	JUN '13†	SEP '13†	DEC '13†	MAR '14†	JUN '14†	SEP '14†	DEC '14†	MAR '15†	JUN '15†	SEP '15†	DEC '15†	MAR '16†	JUN '16†	SEP '16†	DEC '16†	MAR '17†	JUN '17†	SEP '17†	DEC '17†	MAR '18†	JUN '18†	SEP '18†	DEC '18†	MAR '19†
Revenue	199	270	276	338	401	323	279	274	310	311	357	359	326	333	444	397	407	425	467	449	470	459	595	594	645	650	744	740	761	692	677	683	656	679	699	683	710	770	834	792	888	990	1,029	1,078	1,300	1,268	1,211
Operating profit	24	36	37	65	72	41	49	56	51	40	50	54	41	44	55	54	54	66	71	68	74	67	93	76	106	108	106	113	122	103	119	132	132	130	137	155	151	150	153	138	160	178	180	188	242	247	237
Operating margin	12.0%	13.4%	13.5%	19.3%	17.9%	12.8%	17.5%	20.3%	16.4%	12.9%	14.2%	15.0%	12.6%	13.1%	12.4%	13.6%	13.2%	15.4%	15.3%	15.2%	15.7%	14.6%	15.6%	12.8%	16.4%	16.6%	14.2%	15.3%	16.0%	14.9%	17.5%	19.3%	20.1%	19.1%	19.6%	22.6%	21.3%	19.5%	18.3%	17.5%	18.1%	18.0%	17.5%	17.4%	18.6%	19.5%	19.6%
Other income	0	0	1	0	1	0	1	0	0	2	-0	0	1	3	0	2	1	0	0	2	1	1	2	2	4	0	4	0	0	1	0	0	0	1	8	0	0	1	1	0	0	1	1	3	0	0	1
Interest	8	11	13	14	20	23	27	15	14	13	10	14	13	15	14	17	17	18	18	21	20	21	26	26	28	32	32	38	36	32	32	30	30	28	28	27	29	31	30	29	31	34	36	46	51	42	41
Depreciation	7	7	7	8	8	10	9	10	11	11	12	12	12	12	12	13	13	14	14	15	16	17	22	20	22	22	23	19	19	20	21	22	23	23	25	27	28	29	31	32	33	34	37	38	39	41	42
Profit before tax	10	19	18	43	44	9	13	31	26	18	29	29	16	19	29	25	24	34	39	34	39	31	47	32	60	53	55	56	67	53	70	80	80	80	91	101	94	91	92	78	96	111	108	107	152	164	154
Tax	2	5	8	10	10	2	7	8	8	7	12	9	5	6	7	7	6	11	11	9	11	9	8	10	18	16	8	15	16	10	17	19	19	20	22	19	18	17	18	14	18	20	23	18	29	32	30
Net profit	7	14	10	33	34	7	6	23	18	11	17	20	11	13	22	18	18	23	28	25	28	22	39	23	42	37	47	41	51	43	53	61	61	61	70	83	76	74	74	63	79	90	85	89	123	133	124
EPS ₹	1.00	1.90	1.42	4.56	4.70	0.94	0.88	3.20	2.42	1.45	2.20	2.61	1.47	1.72	2.90	2.36	2.33	3.00	3.68	3.16	3.57	2.76	4.35	2.54	4.78	4.17	5.29	4.68	5.72	4.84	5.95	6.87	7.35	7.29	8.35	9.90	9.12	8.99	9.05	7.68	9.56	10.98	10.42	10.98	15.12	16.32	15.21
Revenue YoY	—	—	—	—	101.5%	19.8%	1.3%	-18.9%	-22.9%	-3.7%	27.7%	30.9%	5.3%	7.1%	24.5%	10.8%	24.9%	27.6%	5.1%	13.0%	15.4%	8.0%	27.4%	32.2%	37.4%	41.4%	25.1%	24.6%	17.9%	6.6%	-9.0%	-7.7%	-13.8%	-1.9%	3.1%	-0.0%	8.2%	13.5%	19.4%	16.0%	25.0%	28.6%	23.4%	36.2%	46.4%	28.1%	17.7%
Profit YoY	—	—	—	—	369.8%	-50.6%	-38.0%	-29.9%	-47.9%	63.0%	163.6%	-14.0%	-36.8%	18.3%	32.1%	-9.8%	58.6%	74.5%	26.8%	38.6%	58.1%	-5.2%	36.5%	-10.0%	49.9%	69.4%	21.5%	83.9%	19.8%	16.0%	12.6%	47.0%	20.7%	41.6%	31.9%	35.5%	24.2%	21.6%	6.8%	-23.6%	3.3%	22.1%	14.0%	41.6%	56.6%	47.1%	46.9%

Returns & margins

trailing-twelve-month, per quarter

showing latest 8 of 21 periods

	SEP '20	DEC '20	MAR '21	JUN '21	SEP '21	DEC '22	MAR '23	JUN '23	SEP '23	DEC '23	MAR '24	JUN '24	SEP '24	DEC '24	MAR '25	JUN '25	SEP '25	DEC '25	MAR '26	JUN '26	SEP '26
ROE	15.9%	16.7%	14.9%	17.3%	18.3%	4.1%	3.0%	4.4%	6.1%	8.6%	7.9%	9.2%	8.2%	6.8%	5.9%	4.3%	5.2%	6.7%	7.1%	6.3%	7.0%
ROCE	14.8%	15.2%	21.8%	23.7%	24.3%	12.7%	10.9%	8.7%	7.7%	7.2%	7.2%	8.3%	7.1%	6.6%	6.2%	5.1%	5.9%	6.6%	6.5%	8.0%	8.5%
Net margin	10.7%	11.4%	11.6%	12.4%	12.2%	2.7%	2.1%	3.4%	5.0%	6.9%	6.5%	7.1%	6.4%	5.2%	4.6%	3.4%	3.9%	4.8%	5.1%	4.2%	4.1%
EBITDA margin	20.6%	21.5%	34.1%	34.1%	32.7%	17.9%	16.9%	15.7%	15.7%	15.1%	15.3%	15.9%	15.0%	14.3%	13.8%	12.8%	13.3%	13.6%	14.1%	14.8%	13.8%
Debt / equity	0.61	0.61	0.71	0.71	0.71	0.59	0.58	0.58	0.63	0.63	0.60	0.60	0.70	0.70	0.68	0.68	0.69	0.69	0.83	0.83	0.82
Interest coverage	6.42	7.36	15.10	14.28	15.25	5.53	4.91	4.15	3.51	3.18	2.87	3.00	2.76	2.27	2.12	1.75	1.85	2.17	2.07	2.38	2.74
Asset turnover	0.70	0.69	0.59	0.64	0.69	0.82	0.81	0.75	0.67	0.68	0.66	0.71	0.66	0.67	0.65	0.64	0.65	0.69	0.62	0.68	0.74

Balance sheet

equity vs borrowings over time · ₹ crore

showing latest 6 of 15 periods

	MAR '17‡	MAR '18‡	MAR '19‡	MAR '20‡	MAR '21‡	MAR '22‡	SEP '22	MAR '23	SEP '23	MAR '24	SEP '24	MAR '25	SEP '25	MAR '26	SEP '26
Share capital	41	41	43	87	87	181	181	181	181	181	181	181	181	181	181
Other equity / reserves	1,321	1,538	2,587	2,892	3,416	5,733	4,507	4,739	4,848	5,109	5,262	5,424	5,531	5,774	6,083
Total equity	1,362	1,578	2,631	2,979	3,503	5,914	4,689	4,920	5,030	5,290	5,443	5,605	5,712	5,955	6,264
Borrowings	1,436	1,921	2,106	1,811	2,492	2,218	2,767	2,874	3,155	3,184	3,825	3,790	3,922	4,921	5,146
Current liabilities	1,320	1,586	1,932	1,916	2,400	2,337	2,749	2,783	2,560	2,577	3,238	3,466	3,984	5,039	5,914
Non-current liabilities	752	1,150	1,211	1,343	1,726	1,421	1,202	877	1,658	1,748	1,857	2,042	2,006	2,306	2,100
Total assets	3,499	4,391	5,858	6,332	7,642	9,673	8,641	8,581	9,248	9,616	10,538	11,114	11,702	13,300	14,279
Property, plant & equipment	1,695	1,996	2,145	2,468	3,592	4,418	3,981	4,859	5,133	5,641	5,687	6,329	6,351	6,265	6,242
Capital work-in-progress	270	436	795	1,418	1,298	1,490	1,392	989	1,057	1,052	1,393	—	1,596	2,030	2,222
Investments	47	47	33	37	64	73	28	17	24	23	36	48	81	132	161
Inventories	571	747	772	836	936	1,411	924	1,031	1,196	1,160	1,549	1,454	1,254	1,732	2,266
Receivables	525	655	776	753	794	1,390	1,172	940	785	826	678	786	1,303	1,403	1,701
Cash & equivalents	28	32	804	247	412	257	1	167	165	42	114	199	144	583	468

Cash flow

annual · ₹ crore · line = free cash flow

showing latest 5 of 11 periods

	FY16‡	FY17‡	FY18‡	FY19‡	FY20‡	FY21‡	FY22	FY23	FY24	FY25	FY26
Cash from operations	574	470	335	736	1,102	873	471	1,310	1,204	1,242	781
Cash from investing	-452	-529	-610	-797	-1,124	-1,322	-1,305	-1,330	-1,310	-1,398	-1,142
Cash from financing	-128	58	279	833	-535	614	679	47	35	-73	745
Capex	466	530	615	794	1,153	1,315	1,307	1,326	1,328	1,386	1,124
Free cash flow	107	-60	-280	-57	-51	-442	-836	-16	-124	-144	-343
Dividends paid	95	1	10	44	106	45	127	91	54	36	36

Where the assets sit

Sep '26 · ₹ crore

Fixed assets (PPE)

₹6,242 cr44%

CWIP

₹2,222 cr16%

Investments

₹161 cr1%

Inventories

₹2,266 cr16%

Receivables

₹1,701 cr12%

Cash & equivalents

₹468 cr3%

Other assets

₹1,219 cr9%

Peer comparison

largest in Chemicals · this company in bold

Company	Market cap ₹cr	Price	P/E	P/B	ROE
Solar Industries India Ltd.	1,68,402	18,608.00	74.4	21.95	29.5%
Pidilite Industries Ltd.	1,60,821	1,579.00	59.9	14.34	23.9%
SRF Ltd.	72,931	2,460.40	143.2	4.77	3.3%
Linde India Ltd.	58,496	6,859.00	755.3	13.33	1.8%
Coromandel International Ltd.	53,808	1,824.00	31.8	428.48	1349.1%
Gujarat Fluorochemicals Ltd.	51,320	4,665.50	75.6	6.12	8.1%
Fertilisers and Chemicals Travancore Ltd.	48,546	750.25	—	35.30	-3.1%
Navin Fluorine International Ltd.	46,221	9,010.00	50.8	10.36	20.4%
UPL Ltd.	45,199	534.90	23.9	1.30	5.4%
Himadri Speciality Chemical Ltd.	28,669	568.15	33.5	5.58	16.6%
Aarti Industries Ltd.	16,107	444.05	36.7	2.57	7.0%

StoxGud checklist: Neutral setup · 4/10

Price above 50-day average
Price above 200-day average
50-day average above 200-day (uptrend)
RSI in healthy 40–70 zone
Positive 1-year return
Return on equity above 15%
Debt to equity below 1
Revenue growing year on year
Net profit margin above 10%
P/E below industry median

A rules-based screen of trend, momentum, quality and valuation. Educational only — not a buy or sell recommendation.

Returns & technicals

1 month-9.6%

6 months-9.0%

1 year+15.1%

3Y CAGR-4.5%

5Y CAGR-14.2%

10Y CAGR+9.3%

50-day avg₹479.28

200-day avg₹463.03

RSI (14)27

Compare Aarti Industries Ltd. with

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FAQs

What is the share price of Aarti Industries Ltd.?

Aarti Industries Ltd. (AARTIIND) closed at ₹444.05 on NSE on 06 Nov 2026.

What is the market cap of Aarti Industries Ltd.?

₹16,107 crore at the latest close.

What is the P/E ratio of Aarti Industries Ltd.?

36.7, on trailing-twelve-month earnings from its filings.

How fast is Aarti Industries Ltd. growing?

Aarti Industries Ltd.: revenue has compounded at 7.8% a year over three years; net profit at -8.4% a year. Latest-quarter revenue is up 74.7% year on year, profit up 58.8%.

How profitable is Aarti Industries Ltd.?

On a trailing-twelve-month basis return on equity is 7.0%, return on capital employed 8.5%, operating margin 13.8%, net margin 4.1%.

How much debt does Aarti Industries Ltd. have?

Aarti Industries Ltd. is moderately geared: debt to equity is 0.82 with borrowings of ₹5,146 cr against cash of ₹468 cr (balance sheet of 2026-09-30). Operating profit covers interest 2.7 times.

Financials parsed from Aarti Industries Ltd.'s own XBRL filings to NSE (consolidated), ₹ crore unless marked. Quarterly from JUN '19, annual from FY20, balance sheet from Mar '17. * = derived (full year or half year minus earlier quarters). ‡ = balance sheet / cash flow read from the company's published annual report (same basis), for years before the NSE filings carry them; each one checked to add up. Information only, not investment advice.