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Aarti Drugs Limited (AARTIDRUGS.NS)

INR421.60 +15.90 (+3.92%)
IN NSE Healthcare Drug Manufacturers - Specialty & Generic
Address Mahendra Industrial Estate 400022
Mumbai, IN
CEO Prakash Moreshwar Patil
IPO 2003-09-19
ISIN INE767A01016

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Also trades on Bombay Stock Exchange · AARTIDRUGS.BO (INR) National Stock Exchange of India · AARTIDRUGS.NS (INR)
Description

Operating both within India and globally, Aarti Drugs Limited, along with its affiliated companies, specializes in the pharmaceutical sector. Its product portfolio encompasses a wide range of active pharmaceutical ingredients (APIs) across numerous therapeutic areas, such as anti-inflammatory, cardiovascular protection, antidiarrheal, antifungal, anti-arthritis/osteoporosis, antibiotic, antidiabetic, Alzheimer's disease management, sedative, vitamin, and alcoholism treatment. Additionally, it supplies pharmaceutical intermediate compounds, including tinidazole, celecoxib, ciprofloxacin, clopidogrel, diclofenac, ketoconazole, nimesulide, and raloxifene. Furthermore, the company manufactures and distributes various specialty chemicals. These include a comprehensive list of compounds such as benzene sulphonamide, benzene sulphonic acid, benzene sulphonic acid methyl ester, benzene sulphonyl chloride, cipro Q acid, levofloxacin Q acid, methyl nicotinate, N-methyl methane sulphonamide, diphenyl sulphone, norofloxacin Q acid, ofloxacin Q acid, ortho para toluene sulphonamide, ortho/para toluene sulphonic acid methyl ester, para chloro benzene sulphonamide, para chloro benzene sulphonyl chloride, para toluene sulphonamide, para toluene sulphonic acid methyl ester, para toluene sulphonyl chloride, sodium benzene sulfinate, para toluene sulphonyl hydrazide, benzene sulphonic acid and its sodium salt, benzyl nicotinate, bisphenol – C, bisphenol – C(chloride), ethyl nicotinate, ethyl para toluene sulphonate, and N-methyl imidazole. Aarti Drugs also maintains a robust development pipeline, featuring products such as Acamprosate, intended for treating alcoholism; Dabigatran, an anticoagulant; Sevelamer, for managing hyperphosphatemia; Colesevelam, aimed at lowering cholesterol; Dronedarone and Olmesartan, both for cardiovascular disease treatment; Valsartan, which acts as a cardioprotectant; and Sitagliptin, an antidiabetic agent. Moreover, the firm provides contract manufacturing solutions. Established in 1984, the company's main operations are based in Mumbai, India.

Market Cap & Enterprise Value
Merger & Acquisition History

No mergers or acquisitions recorded for this company.

Technical Outlook
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Signal Summary Loading…
Indicator 1D1W2W3W1M
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
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Price Chart
Averages
Trend
Price
Levels
Draw
INR421.60 +15.90 (+3.92%)
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Volume Profile
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Liquidity & share structure
Average Volume
156.3K
Beta
0.36
Float Shares
35.35M
Free Float %
38.7%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
+2.37% +6.68% +6.19% +5.39% -9.51% -5.41% -16.66% -12.72% -47.30% +236.24% +3,546.07%
Rolling Volatility
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Drawdown
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Relative Strength
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Monthly Returns Heatmap
From To
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Annual Monthly Returns
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Daily Returns Distribution
vs.
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Revenue flow

Revenue by geography

Revenue by segment

From To

Revenue composition

From To

By product

By geography

Financial Statements

Income Statement

Balance Sheet

Cash Flow Statement

Key Metrics

Financial Ratios

Employees

Financial Growth (CAGR)

Market Data

Price Targets & DCF
Current price
421.60
DCF (Unlevered) 305.69 -27.5%
DCF (Levered) 1,249.80 +196.4%

DCF figures are point estimates: small changes in growth or discount-rate assumptions move them materially. Read them as a reference, not a precise target.

Ratings Trend (MoM) 100% Bullish
Rating 2026-05 Change
Strong Buy 1 0
Buy 0 0
Hold 0 0
Sell 0 0
Strong Sell 0 0
Quality scores
Altman Z-Score
3.12
Safe zone
Piotroski F-Score
4 / 9
Average
MOAT Score
3 / 10
No MOAT
Composite Rating
A-
Overall Score
4 / 5
High
DCF Score
4 / 5
High
ROE Score
4 / 5
High
ROA Score
5 / 5
High
D/E Score
2 / 5
Medium
P/E Score
2 / 5
Medium
P/Book Score
3 / 5
Medium
Operational MOAT
✗ Below peers
  • Revenue growth Drug Manufacturers - Specialty & Generic: +6.8%
    +7.5% Q1'26: +6.4% (vs Q1'25)
  • EPS growth Drug Manufacturers - Specialty & Generic: +16.5%
    +16.4% Q1'26: -12.1% (vs Q1'25)
  • FCF margin FCF growth · Drug Manufacturers - Specialty & Generic: +32.3%
    +5.0% Q1'26: +8.1% (vs Q1'25)
  • EBIT margin Drug Manufacturers - Specialty & Generic: +13.0%
    +9.4% Q1'26: +10.8% (vs Q1'25)
  • ROIC Drug Manufacturers - Specialty & Generic: +6.5%
    +10.6% Q1'26: +11.5% (vs Q1'25)
  • Share dilution Drug Manufacturers - Specialty & Generic: +0.0%
    -0.4% Q1'26: -0.2% (vs Q1'25)
  • Debt / EBITDA Net debt/EBITDA · Drug Manufacturers - Specialty & Generic: -0.10×
    1.86× Q1'26: 1.50× (vs Q1'25)
Valuation Multiples From To
Price Forecast (3Y) From To
Model
Adjust
P/E
Theoretical Return — If Invested Today

* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.

DCF Interactive Model (UFCF)
Projection years:
Market assumptions
WACC components (optional)
Ke (Cost of Equity) = Rf + β (0.36) × ERP
WACC = 86% × Ke + 14% × Kd (5.9%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
Intrinsic value (base): 305.73 Current price: 421.60
Enterprise Value: Equity Value: Terminal Value: TV as % of EV:

Base values reflect the latest available data for this company and market conditions.

Consensus Estimates
Metric Mar 2010
actual
Mar 2013
actual
Mar 2014
actual
Mar 2015
actual
Mar 2016
actual
Mar 2017
actual
Mar 2018
actual
Mar 2019
actual
Mar 2020
actual
Mar 2021
actual
Mar 2022
actual
Mar 2023
actual
Mar 2024
actual
Mar 2025
actual
Mar 2026
1 Rev. Ana.
1 EPS Ana.
Mar 2027
1 Rev. Ana.
1 EPS Ana.
Mar 2028
1 Rev. Ana.
1 EPS Ana.
Revenue
4.79B
est: 12.52B (-61.8%)
8.25B
est: 8.61B (-4.2%)
9.70B
est: 9.58B (+1.2%)
10.94B
est: 11.22B (-2.4%)
11.35B
est: 11.21B (+1.2%)
11.95B
est: 12.50B (-4.4%)
12.44B
est: 12.00B (+3.6%)
15.61B
est: 14.52B (+7.5%)
18.06B
est: 18.34B (-1.5%)
21.55B
est: 21.96B (-1.9%)
24.89B
est: 24.55B (+1.4%)
27.16B
est: 26.57B (+2.2%)
25.29B
est: 26.10B (-3.1%)
23.87B
est: 23.00B (+3.8%)
26.10B
26.10B – 26.10B
+13.5% YoY
29.50B
29.50B – 29.50B
+13.0% YoY
33.20B
33.20B – 33.20B
+12.5% YoY
EBITDA
857.71M
est: 1.77B (-51.5%)
1.20B
est: 1.19B (+0.8%)
1.46B
est: 1.33B (+10.2%)
1.70B
est: 1.00B (+69.2%)
1.80B
est: 1.04B (+72.8%)
1.94B
est: 1.77B (+10.1%)
2.03B
est: 1.15B (+76.4%)
2.17B
est: 1.57B (+38.1%)
2.71B
est: 1.72B (+58.2%)
4.42B
est: 2.36B (+87.5%)
3.44B
est: 2.72B (+26.4%)
3.12B
est: 3.37B (-7.5%)
3.25B
est: 4.03B (-19.5%)
2.87B
est: 2.86B (+0.3%)
3.25B
3.25B – 3.25B
+13.5% YoY
3.67B
3.67B – 3.67B
+13.0% YoY
4.13B
4.13B – 4.13B
+12.5% YoY
EBIT
660.61M
est: 1.51B (-56.1%)
943.50M
est: 1.02B (-7.1%)
1.18B
est: 1.13B (+4.7%)
1.39B
est: 1.45B (-4.1%)
1.39B
est: 1.53B (-9.0%)
1.52B
est: 1.50B (+1.4%)
1.59B
est: 1.50B (+6.4%)
1.71B
est: 1.93B (-11.4%)
2.19B
est: 2.13B (+3.0%)
3.92B
est: 2.51B (+56.2%)
2.94B
est: 2.90B (+1.4%)
2.61B
est: 3.59B (-27.2%)
2.73B
est: 4.30B (-36.4%)
2.31B
est: 2.36B (-2.1%)
2.68B
2.68B – 2.68B
+13.5% YoY
3.03B
3.03B – 3.03B
+13.0% YoY
3.41B
3.41B – 3.41B
+12.5% YoY
Net Income
282.30M
est: 504.75M (-44.1%)
452.38M
est: 1.77B (-74.4%)
617.12M
est: 2.10B (-70.5%)
772.54M
est: 741.78M (+4.1%)
687.25M
est: 851.51M (-19.3%)
805.63M
est: 762.90M (+5.6%)
823.07M
est: 796.58M (+3.3%)
897.52M
est: 982.18M (-8.6%)
1.41B
est: 1.13B (+24.8%)
2.80B
est: 1.64B (+71.3%)
2.05B
est: 1.89B (+8.4%)
1.66B
est: 2.34B (-29.0%)
1.71B
est: 2.80B (-38.9%)
1.68B
est: 1.41B (+18.9%)
1.83B
1.83B – 1.83B
+29.0% YoY
2.25B
2.25B – 2.25B
+23.5% YoY
2.66B
2.66B – 2.66B
+18.2% YoY
SGA
223.82M
est: 486.61M (-54.0%)
238.77M
est: 328.14M (-27.2%)
292.83M
est: 365.18M (-19.8%)
288.60M
est: 805.50M (-64.2%)
278.39M
est: 781.28M (-64.4%)
307.69M
est: 485.75M (-36.7%)
346.19M
est: 897.29M (-61.4%)
386.40M
est: 1.22B (-68.4%)
626.16M
est: 1.38B (-54.7%)
815.37M
est: 1.67B (-51.1%)
840.53M
est: 1.93B (-56.4%)
933.07M
est: 2.39B (-60.9%)
1.05B
est: 2.86B (-63.3%)
1.12B
est: 1.63B (-31.3%)
1.85B
1.85B – 1.85B
+13.5% YoY
2.09B
2.09B – 2.09B
+13.0% YoY
2.35B
2.35B – 2.35B
+12.5% YoY
EPS
2.99
est: 5.51 (-45.7%)
4.67
est: 19.37 (-75.9%)
6.37
est: 22.98 (-72.3%)
7.98
est: 8.61 (-7.3%)
7.10
est: 7.18 (-1.0%)
8.37
est: 8.33 (+0.5%)
8.73
est: 8.48 (+3.0%)
9.51
est: 8.95 (+6.3%)
15.17
est: 12.34 (+23.0%)
30.09
est: 31.95 (-5.8%)
22.14
est: 23.30 (-5.0%)
17.96
est: 17.63 (+1.9%)
18.56
est: 18.70 (-0.7%)
18.35
est: 15.50 (+18.4%)
20.00
20.00 – 20.00
+29.0% YoY
24.70
24.70 – 24.70
+23.5% YoY
29.20
29.20 – 29.20
+18.2% YoY
Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-05-22 A- 4/5 4/5 4/5 5/5 2/5 2/5 3/5
2026-05-21 A- 4/5 4/5 4/5 5/5 2/5 2/5 3/5
2026-05-20 C 2/5 4/5 1/5 1/5 1/5 2/5 1/5
2026-05-19 C 2/5 4/5 1/5 1/5 1/5 2/5 1/5
2026-05-18 C 2/5 4/5 1/5 1/5 1/5 2/5 1/5
2026-05-15 C 2/5 5/5 1/5 1/5 1/5 2/5 1/5
2026-05-14 C 2/5 5/5 1/5 1/5 1/5 2/5 1/5
2026-05-13 C+ 2/5 5/5 1/5 1/5 1/5 3/5 1/5
2026-05-12 C+ 2/5 5/5 1/5 1/5 1/5 3/5 1/5
2026-05-11 C+ 2/5 5/5 1/5 1/5 1/5 3/5 1/5
2026-05-08 C+ 2/5 5/5 1/5 1/5 1/5 3/5 1/5
2026-05-07 C 2/5 3/5 1/5 1/5 1/5 3/5 1/5
2026-05-06 C 2/5 3/5 1/5 1/5 1/5 3/5 1/5
2026-05-05 C 2/5 3/5 1/5 1/5 1/5 3/5 1/5
2026-05-04 C 2/5 3/5 1/5 1/5 1/5 3/5 1/5
2026-04-30 C 2/5 3/5 1/5 1/5 1/5 3/5 1/5
2026-04-29 C 2/5 3/5 1/5 1/5 1/5 3/5 1/5
2026-04-28 C 2/5 4/5 1/5 1/5 1/5 3/5 1/5
2026-04-27 C 2/5 4/5 1/5 1/5 1/5 3/5 1/5
2026-04-24 C 2/5 4/5 1/5 1/5 1/5 3/5 1/5
2026-04-23 C 2/5 4/5 1/5 1/5 1/5 3/5 1/5
2026-04-22 C 2/5 4/5 1/5 1/5 1/5 3/5 1/5
2026-04-21 C 2/5 4/5 1/5 1/5 1/5 3/5 1/5
2026-04-20 C 2/5 4/5 1/5 1/5 1/5 3/5 1/5
2026-04-17 C 2/5 4/5 1/5 1/5 1/5 3/5 1/5
2026-04-16 C 2/5 4/5 1/5 1/5 1/5 3/5 1/5

Owner Earnings

Owner's Earnings (history) From To
Owner alignment
Owner's Earnings TTM
959.43M
OE per share TTM
10.51
Owner's Yield
2.70%
Maintenance CapEx ratio
161.19%
Maint CapEx / Avg PPE
39.2%

Ownership Overview

Ownership breakdown

Ownership breakdown not available.

At a glance
Institutional holders
Total invested
Insider transactions (90d)
0
Beneficial owners (>5%)
0
Beneficial owners (>5%)

No beneficial ownership filings recorded.

Institutional Activity (13F)

Institutional ownership trend

Institutional history not available.

Top institutional holders

Top holders not available.

ETF Ownership

Top ETFs holding this stock

This company is not held by any ETF in our universe.

Insider Activity

Insider Activity — Latest Quarter

No insider activity available.

Insider buys vs sells (history)

Insider history not available.

Recent insider transactions

No recent insider transactions.

Executive team

Top executives
EBIT / Employee
2.28M
Shares Outstanding
91.27M

Executive compensation

Executive compensation (annual)

Executive compensation not available.

CEO compensation breakdown

No CEO compensation history available.

Proxy statements

Proxy statements (DEF 14A)

No proxy statements available for this company yet.

Recent SEC filings

Recent SEC filings

No SEC filings available for this company yet.

Executive team

NameTitleCompensationGender
Prakash Moreshwar Patil Chairman, MD & Chief Executive Officer 29M male
Rashesh Chandrakant Gogri MD & Executive Director 27M male
Harit Pragji Shah Whole-Time Director 27M male
Uday Moreshwar Patil Whole-Time Director 27M male
Harshit Manila Savla Joint MD & Executive Director 27M male
Vishwa Harshit Savla Managing Director of the Pinnacle Life Science Private Limited male
Dhanaji L. Kakade Vice President of Technical male
Rushikesh Deole Company Secretary & Compliance Officer male
Adhish Prakash Patil Chief Financial Officer & Chief Operating Officer male
ESG Score History

No data available for this company.

Senate Trading Activity

No Senate trading activity found for this company.

House Trading Activity

No House trading activity found for this company.

Market share among peers
Peer comparison — filtered group (TTM)
Your opinion

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Dividend yield history

Dividend history

Earnings history

Earnings reports

Stock splits