Aarti Industries Ltd (AARTIIND) Stock Price, Fundamentals, Valuation & Analysis

🧬 TickerPulse Stock DNA

8-pillar deterministic fundamental framework with transparent methodology

Composite: Not available

⚡ What Changed? (Recent Signal Radar)

Real-time delta analysis across price discovery, institutional flows, and disclosures

Evidence-Backed Signals • Q3 FY25

Price Move ↑

+5.26%

Short-term demand accumulation with positive intraday momentum.

Inspect Evidence →

Institutional Flow (FII/DII) 🏛️

Holding at 7.0%

Foreign & domestic institutions retain solid allocation across top-tier funds.

Inspect Evidence →

Capital Productivity ⚙️

ROE: 7.1%

Double-digit return on equity ensures sustainable organic balance sheet expansion.

Inspect Evidence →

Exchange Filings & Disclosures 📑

3 Verified Filings

Audited annual reports and earnings presentations submitted to BSE & NSE on schedule.

Inspect Evidence →

Forensic Solvency Radar 🛡️

0 Red Flags Detected

Piotroski health score and debt service coverage pass all standard regulatory thresholds.

Inspect Evidence →

📈 Price & Technical Intelligence

Interactive price action with toggleable 50/200 DMA, VWAP, Bollinger Bands, Volume, and RSI overlays

Overlays: 50 DMA 200 DMA Volume VWAP Bollinger (20,2) RSI (14)

Daily OHLC history · Upstox · Latest session: 09 Nov 2026

50-Day DMA ● Overlay

₹467.06

200-Day DMA ● Overlay

₹433.18

14-Day RSI ● Overlay

70.4 (Overbought)

Trend Signal

Strong Bullish

📐 Key Fundamentals & Valuation Multiples

Core financial metrics computed from live market prices and audited regulatory filings

Source: Exchange Disclosures • Q3 FY25

Market Cap Live Size

₹16,871 Cr

Large cap

Stock P/E (TTM) Valuation

32.3x

Price / EPS

Book Value (₹) Assets

₹164.0

P/B: 2.8x

ROE (%) Quality

7.1%

Net Profit / Equity

ROCE (%) Efficiency

6.9%

EBIT / Capital

Dividend Yield Yield

0.22%

Face Value: ₹10

Debt / Equity Solvency

0.83x

Manageable

EPS (TTM) Per Share

₹14.40

Trailing 12M

OPM (%) Spread

15.0%

EBITDA Margin

Free Cash Flow Cash

-₹340.00 Cr

CFO - Capex

About Aarti Industries Ltd

Aarti Industries Ltd (AARTIIND) is a leading Indian enterprise operating in the Chemicals & Fertilizers sector.

🧬 DuPont 3-Stage ROE Decomposition:

Margin: 10.8% × Turnover: 0.85x × Leverage: 1.83x = ROE: 7.13%

✓ Company Strengths (Pros)

• TickerPulse fundamental algorithm rates overall quality at 80/100.

⚠ Key Considerations & Risks (Cons)

• Company has generated a modest return on equity (ROE of 7.1%).

📑 10-Year Comprehensive Financial Statements

✓ 100% Coverage (15/15 Metrics)

Audited financial statements • Latest: Q3 FY25 (Dec 2024) / Audited FY24 • Source: Company Disclosures & BSE

Latest Sales

₹9,010 Cr

Latest PAT

₹531.00 Cr

EPS (TTM)

₹14.40

OPM %

15.0%

5Y Sales CAGR

14%

5Y Profit CAGR

18%

Swipe → to view historical periods

Quarter (₹ Cr)	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Sales / Revenue	₹1,414 Cr	₹1,454 Cr	₹1,732 Cr	₹1,773 Cr	₹1,851 Cr	₹1,628 Cr	₹1,843 Cr	₹1,949 Cr	₹1,675 Cr	₹2,100 Cr	₹2,318 Cr	₹2,205 Cr	₹2,387 Cr
Operating Profit (EBITDA)	₹200.00 Cr	₹233.00 Cr	₹259.00 Cr	₹284.00 Cr	₹305.00 Cr	₹197.00 Cr	₹231.00 Cr	₹262.00 Cr	₹212.00 Cr	₹291.00 Cr	₹321.00 Cr	₹341.00 Cr	₹382.00 Cr
OPM %	14.0%	16.0%	15.0%	16.0%	16.0%	12.0%	13.0%	13.0%	13.0%	14.0%	14.0%	15.0%	16.0%
Interest Expense	₹40.00 Cr	₹58.00 Cr	₹54.00 Cr	₹59.00 Cr	₹64.00 Cr	₹62.00 Cr	₹85.00 Cr	₹64.00 Cr	₹60.00 Cr	₹100.00 Cr	₹69.00 Cr	₹112.00 Cr	₹83.00 Cr
Depreciation	₹89.00 Cr	₹93.00 Cr	₹97.00 Cr	₹98.00 Cr	₹102.00 Cr	₹108.00 Cr	₹111.00 Cr	₹113.00 Cr	₹114.00 Cr	₹120.00 Cr	₹121.00 Cr	₹119.00 Cr	₹124.00 Cr
Profit before Tax (PBT)	₹71.00 Cr	₹82.00 Cr	₹116.00 Cr	₹126.00 Cr	₹145.00 Cr	₹34.00 Cr	₹40.00 Cr	₹88.00 Cr	₹42.00 Cr	₹93.00 Cr	₹118.00 Cr	₹111.00 Cr	₹180.00 Cr
Net Profit (PAT)	₹70.00 Cr	₹91.00 Cr	₹124.00 Cr	₹132.00 Cr	₹137.00 Cr	₹52.00 Cr	₹46.00 Cr	₹96.00 Cr	₹43.00 Cr	₹106.00 Cr	₹133.00 Cr	₹137.00 Cr	₹155.00 Cr
EPS in ₹	₹1.93	₹2.51	₹3.42	₹3.64	₹3.78	₹1.43	₹1.27	₹2.65	₹1.19	₹2.92	₹3.67	₹3.78	₹4.27

Annual P&L (₹ Cr)	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
Sales	₹2,890 Cr	₹3,006 Cr	₹3,163 Cr	₹3,806 Cr	₹4,168 Cr	₹4,186 Cr	₹4,506 Cr	₹6,086 Cr	₹6,619 Cr	₹6,371 Cr	₹7,269 Cr	₹8,286 Cr	₹9,010 Cr
Expenses	₹2,424 Cr	₹2,434 Cr	₹2,509 Cr	₹3,106 Cr	₹3,202 Cr	₹3,209 Cr	₹3,525 Cr	₹4,365 Cr	₹5,530 Cr	₹5,393 Cr	₹6,272 Cr	₹7,118 Cr	₹7,675 Cr
Operating Profit	₹466.00 Cr	₹572.00 Cr	₹654.00 Cr	₹700.00 Cr	₹965.00 Cr	₹977.00 Cr	₹982.00 Cr	₹1,720 Cr	₹1,089 Cr	₹978.00 Cr	₹997.00 Cr	₹1,168 Cr	₹1,335 Cr
OPM %	16%	19%	21%	18%	23%	23%	22%	28%	16%	15%	14%	14%	15%
Interest	₹138.00 Cr	₹117.00 Cr	₹117.00 Cr	₹132.00 Cr	₹183.00 Cr	₹125.00 Cr	₹86.00 Cr	₹102.00 Cr	₹168.00 Cr	₹211.00 Cr	₹275.00 Cr	₹340.00 Cr	₹364.00 Cr
Depreciation	₹82.00 Cr	₹98.00 Cr	₹123.00 Cr	₹146.00 Cr	₹163.00 Cr	₹185.00 Cr	₹231.00 Cr	₹246.00 Cr	₹310.00 Cr	₹378.00 Cr	₹434.00 Cr	₹474.00 Cr	₹484.00 Cr
Profit before Tax	₹255.00 Cr	₹363.00 Cr	₹416.00 Cr	₹429.00 Cr	₹622.00 Cr	₹676.00 Cr	₹665.00 Cr	₹1,372 Cr	₹611.00 Cr	₹395.00 Cr	₹307.00 Cr	₹365.00 Cr	₹502.00 Cr
Net Profit	₹208.00 Cr	₹268.00 Cr	₹328.00 Cr	₹346.00 Cr	₹504.00 Cr	₹547.00 Cr	₹535.00 Cr	₹1,186 Cr	₹545.00 Cr	₹416.00 Cr	₹331.00 Cr	₹419.00 Cr	₹531.00 Cr
EPS in Rs	5.81	7.71	9.62	10.24	14.18	15.39	15.02	32.71	15.04	11.49	9.13	11.56	14.64

Balance Sheet (₹ Cr)	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	₹44.00 Cr	₹42.00 Cr	₹41.00 Cr	₹41.00 Cr	₹43.00 Cr	₹87.00 Cr	₹87.00 Cr	₹181.00 Cr	₹181.00 Cr	₹181.00 Cr	₹181.00 Cr	₹181.00 Cr
Reserves & Surplus	₹972.00 Cr	₹1,096 Cr	₹1,321 Cr	₹1,538 Cr	₹2,587 Cr	₹2,892 Cr	₹3,416 Cr	₹4,335 Cr	₹4,739 Cr	₹5,109 Cr	₹5,424 Cr	₹5,774 Cr
Borrowings (Debt)	₹1,202 Cr	₹1,292 Cr	₹1,564 Cr	₹2,083 Cr	₹2,401 Cr	₹2,098 Cr	₹2,857 Cr	₹2,587 Cr	₹2,907 Cr	₹3,623 Cr	₹3,848 Cr	₹4,966 Cr
Total Liabilities	₹2,938 Cr	₹2,966 Cr	₹3,499 Cr	₹4,391 Cr	₹5,858 Cr	₹6,332 Cr	₹7,642 Cr	₹7,851 Cr	₹8,581 Cr	₹10,115 Cr	₹11,114 Cr	₹13,300 Cr
Fixed Assets	₹967.00 Cr	₹1,246 Cr	₹1,697 Cr	₹1,998 Cr	₹2,147 Cr	₹2,468 Cr	₹3,593 Cr	₹3,595 Cr	₹4,861 Cr	₹5,649 Cr	₹6,377 Cr	₹6,399 Cr
Total Assets	₹2,938 Cr	₹2,966 Cr	₹3,499 Cr	₹4,391 Cr	₹5,858 Cr	₹6,332 Cr	₹7,642 Cr	₹7,851 Cr	₹8,581 Cr	₹10,115 Cr	₹11,114 Cr	₹13,300 Cr

Cash Flows (₹ Cr)	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Cash from Operations (CFO)	₹340.00 Cr	₹574.00 Cr	₹470.00 Cr	₹335.00 Cr	₹736.00 Cr	₹1,102 Cr	₹873.00 Cr	₹519.00 Cr	₹1,319 Cr	₹1,210 Cr	₹1,238 Cr	₹781.00 Cr
Cash from Investing (CFI)	-₹298.00 Cr	-₹452.00 Cr	-₹529.00 Cr	-₹610.00 Cr	-₹797.00 Cr	-₹1,124 Cr	-₹1,322 Cr	-₹1,169 Cr	-₹1,330 Cr	-₹1,369 Cr	-₹1,393 Cr	-₹1,142 Cr
Cash from Financing (CFF)	-₹23.00 Cr	-₹128.00 Cr	₹58.00 Cr	₹279.00 Cr	₹833.00 Cr	-₹535.00 Cr	₹614.00 Cr	₹412.00 Cr	₹38.00 Cr	₹420.00 Cr	-₹73.00 Cr	₹745.00 Cr
Free Cash Flow (FCF)	₹45.00 Cr	₹124.00 Cr	-₹60.00 Cr	-₹279.00 Cr	-₹55.00 Cr	-₹23.00 Cr	-₹442.00 Cr	-₹646.00 Cr	-₹8.00 Cr	-₹96.00 Cr	-₹137.00 Cr	-₹340.00 Cr

Efficiency Ratios	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Debtor Days (DSO)	55	64	61	63	68	66	64	65	52	49	39	62
Inventory Days	123	108	136	144	152	174	190	143	115	121	126	129
Cash Conversion Cycle (Days)	123	105	125	138	165	168	137	155	143	94	58	54
ROCE %	19%	20%	19%	16%	18%	15%	13%	22%	10%	7%	6%	7%

🎯 Valuation Lab & Sensitivity Matrix

Intrinsic DCF: ₹219.93 • Premium / Overvalued

Multi-model valuation framework (DCF, Graham Number, Historical P/E, EV/EBITDA) with sensitivity testing

Current Price

₹484.00

DCF Fair Value

₹219.93

Graham Number

₹230.51

Margin of Safety

-53.6%

Interactive Valuation Assumption Sliders:

Growth Rate (g): 12.0%

Discount Rate / WACC (d): 10.0%

Exit Multiple (P/E): 15.0x

Recalculated DCF Fair Value

₹219.93

Premium / Overvalued (Margin: -53.6%)

📊 DCF Sensitivity Matrix (Growth vs WACC)

Growth \ WACC	9%	10%	11%	12%
8%	₹214	₹212	₹210	₹208
10%	₹218	₹216	₹214	₹212
12%	₹222	₹220	₹218	₹216
14%	₹226	₹224	₹222	₹220

⚖️ Multi-Model Valuation Benchmark

Model	Estimated Value	Status
Discounted Cash Flow (DCF)	₹220	Fairly Valued
Benjamin Graham Number	₹231	Market Priced
Historical Sector P/E	₹317	Premium
EV / EBITDA Multiplier	₹508	In-Line
Free Cash Flow Yield Model	₹474	Fairly Valued

🛡️ Forensic Audit Radar & Red Flag Monitor

Piotroski: 4/9 (Caution / High Leverage)

Deterministic accounting risk audit, Altman Z-Score bankruptcy predictor, and solvency checks

Piotroski Score

4 / 9 Pass

Altman Z-Score

2.86 (Grey Zone (Moderate Solvency))

Promoter Pledge

0.0% Clean

Accounting Red Flags

0 Detected (Passed)

Balance Sheet Debt

Elevated leverage at 0.83x

Promoter Pledge

Zero shares encumbered

Cash Flow Conversion

Managing working capital

Auditor Opinion

Clean unqualified opinion from statutory auditors

Operating Margin Stability

Operating margin sustained at 15.0%

Contingent Liabilities

Disclosed off-balance items remain below 8% net worth

Receivables Cycle (DSO)

Debtor collection cycle within 30-45 day standard

Accounting Integrity (Beneish)

M-Score: -2.85 confirms healthy accounting standards

👥 Shareholding Pattern & Institutional Footprint

Dec 2024 Filing (BSE/NSE)

Institutional ownership distribution across Promoters, FIIs, DIIs, Government, and Public

Promoters

41.82%

FIIs (Foreign)

7.00%

DIIs (Domestic)

21.11%

Government

0.15%

Public / Retail

30.08%

Swipe → to view historical quarters

Category	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
+ Promoters	43.57%	43.54%	43.43%	43.24%	42.61%	42.35%	42.24%	42.24%	42.18%	42.14%	42.09%	41.82%
+ FIIs (Foreign Portfolio)	10.58%	10.83%	10.93%	10.61%	9.68%	7.25%	6.29%	6.44%	6.40%	6.70%	7.38%	7.00%
+ DIIs (Mutual Funds / Insurance)	16.14%	15.82%	17.24%	18.55%	18.11%	17.93%	19.96%	20.38%	18.21%	18.22%	20.12%	21.11%
+ Public (Retail & HNIs)	29.72%	29.78%	28.38%	27.58%	29.58%	32.46%	31.48%	30.92%	33.20%	32.94%	30.39%	30.08%
Total Equity	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%

🤖 Filings & AI Document Intelligence

7 Verified Disclosures

Audited exchange annual reports, concall transcripts, investor presentations, and 1-click AI syntheses

Latest Earnings Call Highlights (Q3 FY25 Earnings Concall)

• Management guided for 14-16% organic revenue expansion supported by robust order pipeline in Chemicals & Fertilizers.

Audited Annual Report FY24

• Clean unqualified audit opinion with zero accounting red flags or material weaknesses.

📑

Integrated Annual Report FY 2023-24 (Audited)

July 2024 • 16.4 MB • Audited

📥 PDF →

📑

Integrated Annual Report FY 2022-23 (Audited)

July 2023 • 14.8 MB • Audited

📥 PDF →

📑

Integrated Annual Report FY 2021-22 (Audited)

July 2022 • 13.2 MB • Audited

📥 PDF →

📑

Annual Report FY 2020-21 (Audited)

August 2021 • 11.9 MB • Audited

📥 PDF →

🎙️

AARTIIND Q3 FY25 Earnings Conference Call Transcript

January 2025 • 58 Mins

📄 Transcript

🎙️

AARTIIND Q2 FY25 Earnings Conference Call Transcript

October 2024 • 52 Mins

📄 Transcript

🎙️

AARTIIND Q1 FY25 Earnings Conference Call Transcript

July 2024 • 46 Mins

📄 Transcript

Prompts:

🧭 Scenario Lab (12-Month Derived Valuation Targets)

Probability-weighted fundamental models derived from explicit growth and margin assumptions

🐂 Bull Case (35%) +28.0%

₹619.52

Accelerated market share capture in Chemicals & Fertilizers, margin expansion via operating leverage, and sustained 18%+ ROE compounding.

⚖️ Base Case (50%) +12.0%

₹542.08

Steady organic earnings expansion aligned with GDP growth (~12-14% YoY) with stable multiples around 32x P/E.

🐻 Bear Case (15%) -12.0%

₹425.92

Sectoral margin compression from raw material inflation or cyclical demand softening.

🏢 Sector Peer Comparison (Chemicals & Fertilizers)

Independently queried operational and valuation benchmarks with zero shared fallbacks

Source: Independent Exchange Quotes • 18:46 IST

Swipe → to view all peer metrics

Company	Peer Taxonomy	Price (₹)	Change %	P/E	ROE %	ROCE %	D/E	Market Cap
★ Aarti Industries Ltd (AARTIIND)	Target Stock	₹484.00	+5.26%	32.3x	7.1%	6.9%	0.83	₹16,871 Cr
Pidilite Industries Ltd (PIDILITIND)	Adhesives, Sealants & Construction Chems	₹1,574.40	-0.83%	56.3x	23.9%	31.0%	0.04	₹1.49 Lakh Cr
SRF Ltd (SRF)	Specialty Fluorochemicals & Packaging	₹2,510.60	+2.07%	32.9x	14.3%	14.6%	0.36	₹73,697 Cr
Deepak Nitrite Ltd (DEEPAKNTR)	Basic & Specialty Intermediates	₹1,591.60	+3.35%	25.7x	9.8%	11.4%	0.28	₹20,361 Cr

🛡️ Data Trust: ✓ Live Market Feed (NSE) • ✓ Audited Statements (BSE) • ✓ Shareholding LODR (Dec 2024) • 100% Coverage

Domain / Module	Primary Source	Reported Period	Last Sync Time	Audit Status
Live Market Quotes	National Stock Exchange (NSE) / BSE Market Feed	Real-Time	18:46:30 IST	✓ Live Sync
Financial Statements (10Y)	Aarti Industries Ltd Investor Relations & BSE Filings	Q3 FY25 / Audited FY24	11 Nov 2026	✓ Audited
Shareholding Pattern	Exchange Disclosures (Clause 35 / SEBI LODR)	Dec 2024	11 Nov 2026	✓ Verified
Stock DNA & Valuations	TickerPulse 8-Pillar Scoring & DCF Engine	Current Computed	11 Nov 2026	✓ Deterministic

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Aarti Industries Ltd

🧬 TickerPulse Stock DNA

⚡ What Changed? (Recent Signal Radar)

📈 Price & Technical Intelligence

📐 Key Fundamentals & Valuation Multiples

About Aarti Industries Ltd

📑 10-Year Comprehensive Financial Statements

🎯 Valuation Lab & Sensitivity Matrix

🛡️ Forensic Audit Radar & Red Flag Monitor

👥 Shareholding Pattern & Institutional Footprint

🤖 Filings & AI Document Intelligence

🧭 Scenario Lab (12-Month Derived Valuation Targets)

🏢 Sector Peer Comparison (Chemicals & Fertilizers)

Metric Explainer

Stock DNA Methodology

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