| Quarterly Financials | Jun 2018 | Sept 2018 | Dec 2018 | Mar 2019 | Jun 2019 | Sept 2019 | Dec 2019 | Mar 2020 | Jun 2020 | Sept 2020 | Dec 2020 | Mar 2021 | Jun 2021 | Sept 2021 | Dec 2021 | Mar 2022 | Jun 2022 | Sept 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sept 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sept 2024 | Dec 2024 | Mar 2025 | Jun 2025 |
Revenue  | 1,133 | 1,327 | 1,280 | 1,141 | 1,138 | 994 | 1,084 | 1,077 | 938 | 1,173 | 1,187 | 1,209 | 1,317 | 1,256 | 2,076 | 1,756 | 1,610 | 1,685 | 1,668 | 1,656 | 1,414 | 1,454 | 1,740 | 1,772 | 1,857 | 1,635 | 1,844 | 1,952 | 1,679 |
| Expenses | 932 | 1,063 | 1,023 | 890 | 885 | 734 | 829 | 857 | 755 | 918 | 902 | 949 | 1,003 | 1,001 | 1,186 | 1,417 | 1,326 | 1,418 | 1,379 | 1,403 | 1,214 | 1,221 | 1,473 | 1,489 | 1,546 | 1,431 | 1,608 | 1,687 | 1,463 |
| EBITDA | 201 | 264 | 257 | 251 | 253 | 260 | 255 | 219 | 182 | 254 | 285 | 260 | 314 | 255 | 890 | 339 | 284 | 267 | 289 | 253 | 200 | 233 | 267 | 283 | 311 | 204 | 236 | 265 | 216 |
| Operating Profit % | 18 % | 20 % | 20 % | 22 % | 22 % | 26 % | 23 % | 20 % | 19 % | 22 % | 24 % | 22 % | 24 % | 20 % | 43 % | 19 % | 18 % | 16 % | 17 % | 15 % | 14 % | 16 % | 15 % | 16 % | 16 % | 12 % | 13 % | 13 % | 13 % |
| Depreciation | 41 | 42 | 44 | 46 | 43 | 46 | 47 | 49 | 52 | 55 | 59 | 66 | 69 | 57 | 57 | 77 | 72 | 73 | 82 | 84 | 89 | 93 | 97 | 98 | 102 | 108 | 111 | 113 | 114 |
| Interest | 47 | 52 | 42 | 44 | 31 | 31 | 29 | 34 | 25 | 22 | 17 | 22 | 38 | 14 | 24 | 31 | 45 | 44 | 47 | 33 | 40 | 58 | 54 | 59 | 64 | 62 | 85 | 64 | 60 |
| Profit Before Tax | 113 | 171 | 172 | 161 | 178 | 183 | 179 | 136 | 105 | 177 | 209 | 173 | 207 | 184 | 809 | 231 | 167 | 150 | 160 | 136 | 71 | 82 | 116 | 126 | 145 | 34 | 40 | 88 | 42 |
| Tax | 20 | 32 | 32 | 34 | 36 | 31 | 36 | 26 | 22 | 34 | 40 | 34 | 42 | 34 | 84 | 38 | 31 | 26 | 23 | -13 | 1 | -9 | -8 | -6 | 8 | -18 | -6 | -8 | -1 |
| Net Profit | 93 | 139 | 140 | 127 | 142 | 152 | 143 | 110 | 83 | 144 | 169 | 139 | 165 | 150 | 725 | 194 | 136 | 124 | 137 | 149 | 70 | 91 | 124 | 132 | 137 | 52 | 46 | 96 | 43 |
| EPS in ₹ | 11.08 | 17.05 | 17.18 | 14.67 | 15.94 | 16.94 | 8.03 | 6.33 | 4.70 | 8.05 | 9.49 | 7.81 | 4.55 | 4.14 | 20.01 | 5.34 | 3.74 | 3.43 | 3.77 | 4.10 | 1.93 | 2.50 | 3.42 | 3.64 | 3.77 | 1.44 | 1.27 | 2.64 | 1.19 |
Aarti Industries
Aarti Industries
389.60
-3.60
(-0.92%)
Market Cap
14,123.80 Cr
EPS
9.12
PE Ratio
60.09
Dividend Yield
0.26 %
Industry
Chemicals52 Week High
593.85
52 Week Low
344.20
PB Ratio
2.52
Debt to Equity
0.69
Sector
Specialty Chemicals
Investment Returns
In Long Term
In Short Term
1 Year
0.00%
2 Years
0.00%
3 Years
0.00%
4 Years
0.00%
5 Years
0.00%
Analyst Rating
- By Refinitiv from17 analysts
Company News
View All News
Aarti Industries ranks among a dozen Nifty500 stocks posting negative returns over five years. The stock has declined nearly 50% in the last 12 months despite improved analyst sentiment. Analyst recommendations shifted from solely 'Buy' ratings to 60% 'Sell' calls in November 2024. Currently, half of the 24 Bloomberg-tracked analysts recommend buying the stock, though investor enthusiasm remains subdued.
Aarti Industries reported significant growth in chemical exports with a 45% increase year-over-year and 169% growth quarter-over-quarter.
Aarti Industries reported quarterly revenue of Rs 1,867 crore, declining 16% quarter-on-quarter, with EBITDA at Rs 215 crore (down 19% QoQ) and profit after tax of Rs 43 crore. The company faced multiple headwinds including 15-20% decline in key input prices (benzene and aniline), inventory valuation losses of Rs 30 crore, and operational disruptions from India-Pakistan tensions affecting their Kutch facility. Export shipments worth Rs 15-20 crore EBITDA were deferred due to Israel-Iran conflict and Kandla Port shutdowns. The company expanded MMA capacity from 200 KTPA to 260 KTPA and scaled up Nitrotoluene capacity from 30 to 45 KTPA. US tariff announcements created uncertainty as the US market represents 15-20% of revenues. Zone IV projects are progressing with phased commissioning expected from H2 FY26. Management maintains three-year EBITDA guidance of Rs 1,800 crore despite current challenges. Capex for FY26 is expected below Rs 1,000 crore. The company exported approximately 20,000-22,000 tons of MMA in July, recovering from June deferrals.
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Peer Comparison Compare Peers on Screener
Competitors | LTP | Market Cap (₹ Cr.) | P/E Ratio | Revenue (₹ Cr.) | YoY Revenue Growth % | Net Profit (₹ Cr.) | YoY Profit Growth % | RSI |
|---|---|---|---|---|---|---|---|---|
3,038.00 | #1 3,09,055.00 | 70.25 | 13,387.50 | 6.91 | #1 2,096 | 18.69 | 44.56 | |
2,914.00 | 86,378.20 | 60.37 | 14,825.80 | 12.13 | 1,251 | 71.41 | 49.16 | |
3,888.70 | 42,717.40 | 68.58 | 4,853.20 | -25.09 | 546 | 70.37 | 68.32 | |
1,811.30 | 24,704.90 | 40.70 | 8,365.80 | 7.84 | 697 | -44.54 | 51.56 | |
4,713.30 | 23,365.60 | 68.12 | 2,393.10 | 12.83 | 289 | #1 128.91 | 47.00 | |
455.20 | 22,480.00 | 36.59 | 4,664.30 | 10.33 | 555 | 46.09 | 50.56 | |
4,631.80 | 20,049.00 | 51.47 | #1 15,339.40 | 10.81 | 479 | -37.72 | 49.59 | |
6,257.00 | 18,421.70 | 36.93 | 5,692.40 | #1 18.99 | 499 | 18.11 | 42.12 | |
1,696.50 | 17,586.90 | 41.28 | 2,292.50 | 18.24 | 405 | 23.75 | 52.44 | |
4,787.10 | 14,677.20 | #1 36.02 | 2,366.70 | 7.83 | 411 | 3.35 | 53.29 |
Automatic Screeners on ScanX
Forecast
Actual
Growth Rate
Revenue Growth
14.16 %
Net Income Growth
-20.55 %
Cash Flow Change
2.68 %
ROE
-25.03 %
ROCE
-11.50 %
EBITDA Margin (Avg.)
-9.78 %
Quarterly Financial Results
Balance Sheet
| Balance Sheet | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
| Total Assets | 2,938 | 2,967 | 3,499 | 4,392 | 5,858 | 6,333 | 7,642 | 7,851 | 8,581 | 10,115 | 11,114 |
| Fixed Assets | 967 | 1,246 | 1,697 | 1,998 | 2,147 | 2,469 | 3,593 | 3,595 | 4,861 | 5,649 | 6,377 |
| Current Assets | 1,198 | 1,234 | 1,317 | 1,685 | 2,577 | 2,005 | 2,368 | 2,699 | 2,459 | 2,959 | 2,895 |
| Capital Work in Progress | 193 | 313 | 270 | 436 | 795 | 1,418 | 1,298 | 1,346 | 1,096 | 1,229 | 1,454 |
| Investments | 0 | 41 | 47 | 47 | 33 | 37 | 64 | 28 | 17 | 23 | 48 |
| Other Assets | 1,778 | 1,366 | 1,486 | 1,910 | 2,884 | 2,409 | 2,688 | 2,882 | 2,607 | 3,214 | 3,235 |
| Total Liabilities | 2,938 | 2,967 | 3,499 | 4,392 | 5,858 | 6,333 | 7,642 | 7,851 | 8,581 | 10,115 | 11,114 |
| Current Liabilities | 1,088 | 1,123 | 1,320 | 1,586 | 1,932 | 1,916 | 2,400 | 2,166 | 2,783 | 3,062 | 3,466 |
| Non Current Liabilities | 828 | 654 | 752 | 1,150 | 1,211 | 1,343 | 1,726 | 1,168 | 877 | 1,762 | 2,042 |
| Total Equity | 1,022 | 1,189 | 1,426 | 1,655 | 2,715 | 3,073 | 3,515 | 4,517 | 4,921 | 5,291 | 5,605 |
| Reserve & Surplus | 972 | 1,096 | 1,321 | 1,538 | 2,587 | 2,892 | 3,416 | 4,335 | 4,739 | 5,109 | 5,424 |
| Share Capital | 44 | 42 | 41 | 41 | 43 | 87 | 87 | 181 | 181 | 181 | 181 |
Cash Flow
| Cash Flow | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
| Net Cash Flow | 19 | -7 | -1 | 4 | 772 | -557 | 165 | -239 | 27 | 261 | -229 |
| Investing Activities | -298 | -452 | -529 | -610 | -797 | -1,124 | -1,322 | -1,169 | -1,330 | -1,369 | -1,398 |
| Operating Activities | 340 | 574 | 470 | 335 | 736 | 1,102 | 873 | 519 | 1,319 | 1,210 | 1,242 |
| Financing Activities | -23 | -128 | 58 | 279 | 833 | -535 | 615 | 412 | 38 | 421 | -73 |
Share Holding
| % Holding | Mar 2021 | Jun 2021 | Sept 2021 | Dec 2021 | Mar 2022 | Jun 2022 | Sept 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sept 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sept 2024 | Dec 2024 | Mar 2025 | Jun 2025 |
| Promoter | 46.82 % | 44.90 % | 44.21 % | 44.21 % | 44.19 % | 44.19 % | 44.16 % | 44.16 % | 44.07 % | 43.65 % | 43.57 % | 43.55 % | 43.43 % | 43.24 % | 42.61 % | 42.35 % | 42.24 % | 42.24 % |
| FIIs | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 10.93 % | 10.61 % | 9.68 % | 7.25 % | 6.29 % | 6.44 % |
| DIIs | 15.20 % | 13.26 % | 14.39 % | 14.17 % | 14.50 % | 14.81 % | 14.78 % | 14.55 % | 14.76 % | 14.63 % | 16.15 % | 15.50 % | 17.25 % | 18.56 % | 18.13 % | 17.94 % | 19.97 % | 20.38 % |
| Government | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.01 % | 0.01 % | 0.01 % | 0.01 % | 0.01 % | 0.01 % | 0.01 % | 0.02 % | 0.03 % | 0.03 % | 0.01 % | 0.01 % | 0.01 % | 0.01 % |
| Public / Retail | 25.66 % | 25.86 % | 25.75 % | 25.66 % | 25.02 % | 25.69 % | 24.41 % | 24.93 % | 24.82 % | 25.29 % | 25.72 % | 25.48 % | 24.13 % | 23.33 % | 25.14 % | 27.86 % | 26.96 % | 26.54 % |
| Others | 12.31 % | 15.98 % | 15.65 % | 15.96 % | 16.28 % | 15.29 % | 16.64 % | 16.35 % | 16.34 % | 16.42 % | 14.55 % | 15.45 % | 4.24 % | 4.22 % | 4.44 % | 4.60 % | 4.52 % | 4.38 % |
| No of Share Holders | 1,07,886 | 1,87,426 | 2,59,574 | 2,82,980 | 2,95,763 | 3,40,358 | 3,40,769 | 3,76,548 | 3,85,751 | 3,97,907 | 4,23,140 | 4,18,123 | 3,77,953 | 3,49,415 | 3,94,154 | 4,50,588 | 4,39,227 | 4,25,399 |
Dividend History
Dividends per share (FY)
Dividend yield (FY) %
Dividends per share (FY)
Dividend yield (FY) %
| Annual Cash Flows | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Per Share (₹) | 8.5 | 1 | 1 | 11 | 3.5 | 3 | 3.5 | 2.5 | 1 | 1 |
| Dividend Yield (%) | 5.31 | 0.42 | 0.3 | 3.29 | 0.61 | 0.36 | 0.68 | 0.38 | 0.26 | 0.26 |
Corporate Action
| Record Date | Corporate Action | Information | Announcement Day | LTP at Annoucement | LTP at Record Day |
|---|---|---|---|---|---|
| 23 Jun 2021 |  Bonus | 1:1 | 22 Jun 2021 | 721.64 | 765.47 |
| 21 Sept 2021 |  Dividend | ₹ 1.50 /share | 20 Sept 2021 | 761.09 | 786.20 |
| 11 Nov 2021 | Dividend | ₹ 1.00 /share | 10 Nov 2021 | 841.57 | 835.90 |
| 16 Feb 2022 | Dividend | ₹ 1.00 /share | 15 Feb 2022 | 875.26 | 859.25 |
| 19 Sept 2022 | Dividend | ₹ 1.50 /share | 16 Sept 2022 | 654.55 | 772.19 |
| 15 Feb 2023 | Dividend | ₹ 1.00 /share | 15 Feb 2023 | 529.10 | 537.90 |
| 28 Jul 2023 | Dividend | ₹ 1.50 /share | 28 Jul 2023 | 544.50 | 460.25 |
| 26 Jul 2024 | Dividend | ₹ 1.00 /share | 26 Jul 2024 | 665.25 | 690.90 |
| 02 Aug 2024 |  Annual General Meeting | NA | 02 Aug 2024 | 705.40 | 741.05 |
| 08 Nov 2024 |  Quarterly Result Announcement | NA | 08 Nov 2024 | 514.85 | 515.05 |
| 01 Feb 2025 | Quarterly Result Announcement | NA | 01 Feb 2025 | 448.20 | 444.15 |
| 08 May 2025 | Quarterly Result Announcement | NA | 08 May 2025 | 430.80 | 458.75 |
| 31 Jul 2025 | Quarterly Result Announcement | NA | 31 Jul 2025 | 427.00 | 445.75 |
| 18 Aug 2025 | Dividend | ₹ 1.00 /share | 18 Aug 2025 | 458.75 | 376.10 |
| 25 Aug 2025 | Annual General Meeting | NA | 25 Aug 2025 | 445.75 | 382.60 |
Announcements
Announcement under Regulation 30 (LODR)-Press Release / Media Release
Sep 02, 2025
Sep 02, 2025Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPSSep 02, 2025
Sep 02, 2025Shareholder Meeting / Postal Ballot-Scrutinizers ReportAug 25, 2025
Aug 25, 2025Announcement under Regulation 30 (LODR)-Investor PresentationAug 25, 2025
Aug 25, 2025Shareholder Meeting / Postal Ballot-Outcome of AGMAug 25, 2025
Aug 25, 2025Announcement under Regulation 30 (LODR)-Newspaper PublicationAug 19, 2025
Aug 19, 2025Announcement under Regulation 30 (LODR)-Newspaper PublicationAug 14, 2025
Aug 14, 2025Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationAug 13, 2025
Aug 13, 2025Announcement under Regulation 30 (LODR)-Earnings Call TranscriptAug 08, 2025
Aug 08, 2025Announcement under Regulation 30 (LODR)-Newspaper PublicationAug 02, 2025
Aug 02, 2025Announcement under Regulation 30 (LODR)-Newspaper PublicationAug 02, 2025
Aug 02, 2025Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationAug 01, 2025
Aug 01, 2025Record Date For Dividend FY 2024-25 - August 18 2025Aug 01, 2025
Aug 01, 2025Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - OutcomeAug 01, 2025
Aug 01, 2025Business Responsibility And Sustainability Reporting (BRSR)Jul 31, 2025
Jul 31, 2025Reg. 34 (1) Annual Report.Jul 31, 2025
Jul 31, 2025Notice Of 42Nd Annual General Meeting Scheduled On August 25 2025Jul 31, 2025
Jul 31, 2025Announcement under Regulation 30 (LODR)-Investor PresentationJul 31, 2025
Jul 31, 2025Announcement under Regulation 30 (LODR)-Press Release / Media ReleaseJul 31, 2025
Jul 31, 2025Board Meeting Outcome for Unaudited Financial Results For Quarter Ended June 30 2025Jul 31, 2025
Jul 31, 2025Unaudited Financial Results For The Quarter Ended June 30 2025Jul 31, 2025
Jul 31, 2025Announcement under Regulation 30 (LODR)-Newspaper PublicationJul 29, 2025
Jul 29, 2025Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationJul 24, 2025
Jul 24, 2025Board Meeting Intimation for Audited Financial Results For The Quarter Ended June 30 2025Jul 24, 2025
Jul 24, 2025Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations 2018Jul 16, 2025
Jul 16, 2025Closure of Trading WindowJun 26, 2025
Jun 26, 2025Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPSJun 23, 2025
Jun 23, 2025Compliances-Reg.24(A)-Annual Secretarial ComplianceMay 29, 2025
May 29, 2025Disclosure Under Regulation 30 Of SEBI (LODR) Regulations 2015May 17, 2025
May 17, 2025Announcement under Regulation 30 (LODR)-Earnings Call TranscriptMay 15, 2025
May 15, 2025Announcement under Regulation 30 (LODR)-Newspaper PublicationMay 10, 2025
May 10, 2025Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - OutcomeMay 09, 2025
May 09, 2025Appointment Of Secretarial Auditor And Cost AuditorMay 08, 2025
May 08, 2025Corporate Action-Board approves DividendMay 08, 2025
May 08, 2025Announcement under Regulation 30 (LODR)-Press Release / Media ReleaseMay 08, 2025
May 08, 2025Announcement under Regulation 30 (LODR)-Investor PresentationMay 08, 2025
May 08, 2025Audited Financial Results For Quarter And Year Ended March 31 2025May 08, 2025
May 08, 2025Grant Of Options Under Aarti Industries Limited PSOP 2022May 07, 2025
May 07, 2025Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationMay 05, 2025
May 05, 2025Board Meeting Intimation for Approval Of Audited Financial Results For The Quarter And Year Ended March 31 2025Apr 30, 2025
Apr 30, 2025Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPSApr 18, 2025
Apr 18, 2025Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations 2018Apr 09, 2025
Apr 09, 2025Closure of Trading WindowMar 26, 2025
Mar 26, 2025Announcement under Regulation 30 (LODR)-Updates on AcquisitionMar 05, 2025
Mar 05, 2025Announcement under Regulation 30 (LODR)-AcquisitionFeb 27, 2025
Feb 27, 2025Announcement under Regulation 30 (LODR)-Earnings Call TranscriptFeb 10, 2025
Feb 10, 2025Announcement under Regulation 30 (LODR)-Newspaper PublicationFeb 03, 2025
Feb 03, 2025Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - OutcomeFeb 03, 2025
Feb 03, 2025Grant Of Options Under Aarti Industries Limited PSOP 2022Feb 01, 2025
Feb 01, 2025Announcement under Regulation 30 (LODR)-Investor PresentationFeb 01, 2025
Feb 01, 2025Technical Indicators
RSI(14)
Neutral 48.11
ATR(14)
Less Volatile 9.08
STOCH(9,6)
Neutral 53.94
STOCH RSI(14)
Overbought 90.28
MACD(12,26)
Bullish 2.20
ADX(14)
Weak Trend 18.03
UO(9)
Bearish 34.84
ROC(12)
Uptrend And Accelerating 2.31
WillR(14)
Neutral -41.92
Mutual Fund Holdings
ICICI Prudential India Opportunities Fund Direct - Growth 
Tata Resources & Energy Fund Direct-Growth 
HDFC Mid Cap Fund Direct-Growth 
Bandhan Small Cap Fund Direct-Growth 
JioBlackRock Nifty Smallcap 250 Index Fund Direct - Growth 
Nippon India Nifty Smallcap 250 Index Fund Direct - Growth 
Motilal Oswal Nifty Smallcap 250 Index Fund Direct - Growth 
Axis Nifty Smallcap 50 Index Fund Direct-Growth 
SBI Nifty Smallcap 250 Index Fund Direct - Growth 
Kotak Nifty Smallcap 50 Index Fund Direct - Growth 
Edelweiss Nifty Smallcap 250 Index Fund Direct - Growth 
Aditya Birla Sun Life Nifty Smallcap 50 Index Fund Direct-Growth 
Groww Nifty Smallcap 250 Index Fund Direct - Growth About Aarti Industries
Aarti Industries Limited is an Indian company specializing in benzene-based specialty chemicals and intermediates. It operates in two segments: Specialty Chemicals and Pharmaceuticals. The company serves various industries including polymers, agrochemicals, dyes, pigments, pharmaceuticals, and fuel additives. Aarti Industries has a global presence, exporting to over 60 countries and ranking between 1st and 4th globally for 75% of its specialty chemical portfolio. The company has three R&D centers and multiple manufacturing facilities across India. It produces over 200 products and serves more than 700 domestic and 300 export customers. Aarti Industries has undergone significant expansion over the years, increasing production capacities and acquiring new technologies. The company has also entered into long-term supply contracts with global chemical and agricultural companies, demonstrating its strong market position.
Chairperson NameRajendra V Gogri
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