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Aarti Industries Limited (AARTIIND.NS)

INR500.70 +17.65 (+3.65%)
IN NSE Basic Materials Chemicals - Specialty
Address 71, Udyog Kshetra 400080
Mumbai, IN
CEO Suyog Kalyanji Kotecha
IPO 2002-07-01
ISIN INE769A01020

Explore sections of this company profile

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

Aarti Industries Limited, established in 1984 and headquartered in Mumbai, India, is a prominent manufacturer and supplier of both specialty chemicals and pharmaceutical products. The company's chemical division produces a wide array of compounds including dichlorobenzene, various nitro-chloro and nitro-benzene derivatives, nitro-toluenes, and sulfur, along with other organic and inorganic substances. These crucial materials serve as intermediates for a diverse range of sectors such as agrochemicals, pharmaceuticals, polymer and fuel additives, fast-moving consumer goods (FMCG), dyes, pigments, paints, printing inks, rubber chemicals, and resins. In the pharmaceutical sphere, Aarti Industries develops active pharmaceutical ingredients (APIs) utilized in medications for conditions like hypertension, asthma, cancer, thalassemia, pain relief, ophthalmic disorders, and central nervous system agents, as well as skincare and decongestant products. They also supply pharmaceutical intermediates and a selection of xanthine derivatives, prominently featuring caffeine anhydrous, theophylline, and related compounds. Beyond its manufacturing capabilities, Aarti Industries provides contract manufacturing and research services. The company maintains a significant global presence, exporting its products to approximately 60 countries across North America, Europe, China, Japan, and other international regions.

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
INR500.70 +17.65 (+3.65%)
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Volume Profile
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Liquidity & share structure
Average Volume
1M
Beta
0.59
Float Shares
205.08M
Free Float %
56.6%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
-3.89% -5.69% +10.56% +0.62% +17.98% +25.30% -0.02% -6.77% -37.89% +326.45% +49,240.72%
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
500.70
Ratings Trend (MoM) 81% Bullish
Rating 2026-05 Change
Strong Buy 7 0
Buy 10 0
Hold 2 0
Sell 1 0
Strong Sell 1 0
Quality scores
Altman Z-Score
2.14
Grey zone
Piotroski F-Score
7 / 9
Strong
MOAT Score
4 / 10
Developing
Composite Rating
B-
Overall Score
3 / 5
Medium
DCF Score
1 / 5
Low
ROE Score
4 / 5
High
ROA Score
5 / 5
High
D/E Score
1 / 5
Low
P/E Score
2 / 5
Medium
P/Book Score
2 / 5
Medium
Operational MOAT
✗ Below peers
  • Revenue growth Chemicals - Specialty: +4.7%
    +16.2% Q1'26: +22.0% (vs Q1'25)
  • EPS growth Chemicals - Specialty: +13.2%
    +26.4% Q1'26: +42.6% (vs Q1'25)
  • FCF margin FCF growth · Chemicals - Specialty: +44.1%
    -0.2% Q1'26: -1.6% (vs Q1'25)
  • EBIT margin Chemicals - Specialty: +8.8%
    +8.2% Q1'26: +9.8% (vs Q1'25)
  • ROIC Chemicals - Specialty: +5.6%
    +6.6% Q1'26: +8.4% (vs Q1'25)
  • Share dilution Chemicals - Specialty: +0.1%
    +0.2% Q1'26: +0.1% (vs Q1'25)
  • Debt / EBITDA Net debt/EBITDA · Chemicals - Specialty: 0.18×
    4.31× Q1'26: 3.69× (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 (0.66) × ERP
WACC = 78% × Ke + 22% × Kd (6.9%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
Current price: 500.70
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 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
19 Rev. Ana.
21 EPS Ana.
Mar 2027
18 Rev. Ana.
17 EPS Ana.
Mar 2028
17 Rev. Ana.
20 EPS Ana.
Mar 2029
15 Rev. Ana.
10 EPS Ana.
Revenue
28.61B
est: 29.23B (-2.1%)
29.56B
est: 27.28B (+8.3%)
31.15B
est: 29.85B (+4.3%)
37.59B
est: 36.43B (+3.2%)
41.22B
est: 49.54B (-16.8%)
41.05B
est: 45.78B (-10.3%)
43.05B
est: 44.81B (-3.9%)
51.91B
est: 64.64B (-19.7%)
64.92B
est: 67.91B (-4.4%)
61.92B
est: 64.49B (-4.0%)
71.31B
est: 73.74B (-3.3%)
83.62B
77.56B – 88.40B
+13.4% YoY
95.93B
89.46B – 105.40B
+14.7% YoY
109.40B
94.19B – 125.72B
+14.0% YoY
124.21B
111.09B – 139.81B
+13.5% YoY
EBITDA
4.62B
est: 5.55B (-16.8%)
5.70B
est: 2.12B (+168.3%)
6.49B
est: 3.74B (+73.3%)
7.00B
est: 5.07B (+37.9%)
9.60B
est: 6.00B (+60.0%)
9.77B
est: 5.43B (+79.9%)
9.73B
est: 7.25B (+34.2%)
16.87B
est: 8.93B (+88.9%)
10.28B
est: 10.50B (-2.1%)
9.65B
est: 12.42B (-22.3%)
9.78B
est: 13.80B (-29.2%)
15.31B
14.20B – 16.18B
+10.9% YoY
17.56B
16.38B – 19.29B
+14.7% YoY
20.03B
17.24B – 23.01B
+14.0% YoY
22.74B
20.34B – 25.59B
+13.5% YoY
EBIT
3.80B
est: 4.03B (-5.8%)
4.71B
est: 3.60B (+31.0%)
5.27B
est: 5.17B (+1.8%)
5.54B
est: 6.49B (-14.7%)
7.97B
est: 7.59B (+5.1%)
7.92B
est: 7.29B (+8.5%)
7.41B
est: 7.91B (-6.3%)
14.41B
est: 9.75B (+47.8%)
7.17B
est: 11.46B (-37.4%)
5.87B
est: 13.55B (-56.7%)
5.44B
est: 9.66B (-43.8%)
10.72B
9.94B – 11.33B
+10.9% YoY
12.29B
11.46B – 13.51B
+14.7% YoY
14.02B
12.07B – 16.11B
+14.0% YoY
15.92B
14.24B – 17.92B
+13.5% YoY
Net Income
2.06B
est: 1.98B (+4.1%)
2.57B
est: 1.91B (+34.4%)
3.16B
est: 2.80B (+12.7%)
3.33B
est: 3.86B (-13.7%)
4.92B
est: 4.56B (+7.8%)
5.36B
est: 4.47B (+20.0%)
5.23B
est: 5.35B (-2.2%)
11.86B
est: 6.59B (+79.8%)
5.45B
est: 7.76B (-29.7%)
4.16B
est: 9.17B (-54.6%)
3.31B
est: 3.24B (+2.3%)
4.04B
3.35B – 4.93B
+24.8% YoY
5.51B
4.13B – 7.16B
+36.3% YoY
7.54B
4.77B – 8.87B
+36.8% YoY
8.43B
7.27B – 9.81B
+11.9% YoY
SGA
987.10M
est: 1.74B (-43.2%)
1.36B
est: 4.26B (-68.2%)
1.69B
est: 4.42B (-61.7%)
2.09B
est: 5.83B (-64.1%)
2.59B
est: 7.95B (-67.4%)
3.22B
est: 6.33B (-49.1%)
3.86B
est: 8.79B (-56.1%)
3.70B
est: 10.83B (-65.9%)
3.89B
est: 12.74B (-69.5%)
4.10B
est: 15.06B (-72.8%)
4.28B
est: 6.36B (-32.8%)
7.06B
6.55B – 7.46B
+10.9% YoY
8.10B
7.55B – 8.90B
+14.7% YoY
9.23B
7.95B – 10.61B
+14.0% YoY
10.48B
9.38B – 11.80B
+13.5% YoY
EPS
5.81
est: 5.46 (+6.4%)
7.71
est: 7.05 (+9.4%)
9.61
est: 8.67 (+10.8%)
10.24
est: 8.44 (+21.3%)
14.18
est: 12.97 (+9.3%)
15.38
est: 14.47 (+6.3%)
15.02
est: 13.36 (+12.4%)
32.71
est: 20.44 (+60.0%)
15.04
est: 14.06 (+7.0%)
11.49
est: 11.12 (+3.3%)
9.14
est: 8.81 (+3.7%)
11.13
9.23 – 13.59
+26.4% YoY
15.18
11.39 – 19.75
+36.3% YoY
20.77
13.14 – 24.45
+36.8% YoY
23.24
20.05 – 27.03
+11.9% YoY
Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-05-12 B- 2/5 1/5 4/5 4/5 1/5 2/5 2/5
2026-05-11 B- 2/5 1/5 4/5 4/5 1/5 2/5 2/5
2026-05-08 B- 2/5 1/5 4/5 4/5 1/5 2/5 2/5
2026-05-07 B- 2/5 1/5 4/5 4/5 1/5 2/5 2/5
2026-05-06 B- 2/5 1/5 4/5 4/5 1/5 2/5 2/5
2026-05-05 B- 3/5 1/5 4/5 5/5 1/5 2/5 2/5
2026-05-04 D+ 1/5 1/5 1/5 1/5 1/5 1/5 1/5
2026-04-30 D+ 1/5 1/5 1/5 1/5 1/5 1/5 1/5
2026-04-29 D+ 1/5 1/5 1/5 1/5 1/5 1/5 1/5
2026-04-28 D+ 1/5 1/5 1/5 1/5 1/5 1/5 1/5
2026-04-27 D+ 1/5 1/5 1/5 1/5 1/5 1/5 1/5
2026-04-24 D+ 1/5 1/5 1/5 1/5 1/5 1/5 1/5
2026-04-23 D+ 1/5 1/5 1/5 1/5 1/5 1/5 1/5
2026-04-22 D+ 1/5 1/5 1/5 1/5 1/5 1/5 1/5
2026-04-21 D+ 1/5 1/5 1/5 1/5 1/5 1/5 1/5
2026-04-20 D+ 1/5 1/5 1/5 1/5 1/5 1/5 1/5
2026-04-17 D+ 1/5 1/5 1/5 1/5 1/5 1/5 1/5
2026-04-16 D+ 1/5 1/5 1/5 1/5 1/5 1/5 1/5

Owner Earnings

Owner's Earnings (history) From To
Owner alignment
Owner's Earnings TTM
3.16B
OE per share TTM
8.72
Owner's Yield
1.79%
Maintenance CapEx ratio
417.49%
Maint CapEx / Avg PPE
102.0%

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 Held by 2 ETFs in our universe
# ETF Weight Est. AUM exposure TER
1 WisdomTree India Earnings Fund EPI 0.05% 1.06M 0.84%
2 Schwab Emerging Markets Equity ETF SCHE 0.01% 1.35M 0.06%

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
1.11M
Shares Outstanding
362.59M

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
Rajendra Vallabhaji Gogri Chairman & MD 47M male
Rashesh Chandrakant Gogri Vice Chairman & MD 47M male
Ajay Kumar Gupta Chief Manufacturing Officer & Executive Director 36M male
Suyog Kalyanji Kotecha Chief Executive Officer & Executive Director 36M male
Manoj Murjibhai Chheda Executive Director 23M male
Renil Rajendra Gogri Executive Vice Chairman 19M male
Chandrakant Vallabhaji Gogri (UDCT Mumbai) Founder & Chairman Emeritus 523.9K male
Prashant V. Potnis Chief Scientific Officer
Chetan Bipin Gandhi Chief Financial Officer male
Bhaskaran Rajagopalan Chief Technology 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