NSE: AARTIIND · BSE: 524208 · ISIN INE769A01020
Aarti Industries Limited stock analysis
Aarti Industries Limited ranks #2033 in the TickerSutra evidence-ranked universe with a score of 49/100 and 95% data confidence. The latest captured fundamentals show ROCE of 6.9%, quarterly sales growth of 42.5% and quarterly profit growth of 256.5%.Avoid / exit review
INVESTMENT EVIDENCE
What supports—and challenges—the thesis
Evidence in favour
- Institutional ownership is rising
- CWIP indicates an active capacity pipeline
Risks and constraints
- Debt/equity is above 0.5×
- Extreme base-effect growth requires manual validation
Still unresolved: Related-party exposure · Broad media sentiment
FINANCIAL TRAJECTORY
Recent operating history
| Period | Revenue | Operating profit | Net profit | Operating margin |
|---|---|---|---|---|
| 2022 | ₹6,086cr | ₹1,720cr | ₹1,186cr | 28.0% |
| 2023 | ₹6,619cr | ₹1,089cr | ₹545cr | 16.0% |
| 2024 | ₹6,371cr | ₹978cr | ₹416cr | 15.0% |
| 2025 | ₹7,269cr | ₹997cr | ₹331cr | 14.0% |
| 2026 | ₹8,286cr | ₹1,168cr | ₹419cr | 14.0% |
| TTM | ₹9,010cr | ₹1,335cr | ₹531cr | 15.0% |
EXCHANGE EVENT TRIGGERS
Latest corporate disclosures
Aarti Industries Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 01/10/2026 ,inter alia, to consider and approve various options for raising ....
RoutineShareholders meetingNSE · 23 Sept 2026Aarti Industries Limited has submitted the Exchange a copy Srutinizers report of Annual General Meeting held on September 21, 2026. Further, the company has informed the Exchange regarding voting results.
RoutineAarti Industries Ltd - 524208 - Shareholder Meeting / Postal Ballot-Scrutinizer''s ReportBSE · 23 Sept 2026Scrutinizers Report and Voting Results of 43rd Annual General Meeting.
RoutineUpdatesNSE · 22 Sept 2026Aarti Industries Limited has informed the Exchange regarding 'Investor Presentation made at 43rd Annual General Meeting.'.
RoutineAarti Industries Ltd - 524208 - Announcement under Regulation 30 (LODR)-Investor PresentationBSE · 22 Sept 2026Investor Presentation made at 43rd Annual General Meeting
MANAGEMENT COMMENTARY
Signals from filed documents
This platform-led approach enables faster commercialisation, improved asset utilisation and deeper strategic engagement with global customers. AIL further strengthened its position through deeper backward integration and improved global supply chain resilience. Its portfolio remains anchored in long-term contracts with global partners.
The contract extends to March 2030 and would be met with existing capacities • Forward Integration: The PEDA project, a forward integration ethylation project at Zone IV is under commissioning trials, with a capacity of 4,000 TPA, strengthening India’s agrochemical self-reliance and providing AIL with a significant cost advantage Dyes, Pigments, and Printing Inks Demand in this segment remained steady throughout the
Within the Non-Energy business, demand trends remained mixed. Polymers demand remained soft during Q1, primarily due to weak demand for downstream products in US & China, with recovery expected in Q2. Dyes and Pigments segment continues to face demand headwinds, driven by subdued demand amid a high raw material pricing environment and seasonal factors.
Margin expansion is also expected to be supported by operating leverage and cost optimisation initiatives. For FY 2026-27, the capex cycle is expected to enter a low-intensity phase, with spending projected to decline significantly to well below ₹ 1,000 Crs due to the absence of major greenfield projects. The effective tax rate is also expected to normalise within the 9-15% range.
BUSINESS OUTLOOK The near-term outlook is expected to benefit from improved capacity utilisation, healthy visibility of long-term contracts and continued execution of integration-led initiatives. The Company expects gradual deleveraging, with net debt likely to moderate this year through operating improvements and sustained efficiency measures. Margin expansion is also expected to be supported by operating leverage a
We expect FY27 to deliver improved utilisation, margin expansion, and a meaningful inflexion in free cash flows. We step into the next phase with strong conviction in our strategy and execution capabilities. Our focus remains on delivering consistent, profitable growth, robust cash flows and superior shareholder returns.
https://www.ey.com/en_in/insights/energy-resources/ e nvisioning-the-future-of-india-s-chemicals-and- petrochemicals-industry OPPORTUNITIES AND THREATS Opportunities India is strategically positioned to benefit from several structural and cyclical opportunities emerging across the global chemical value chain. Supply Chain Diversification and Supply-Side Rationalisation: China’s policy shift to curb excess capacity is
Regulatory restrictions and non-tariff barriers can raise costs and limit market reach, thereby impacting competitiveness and profit margins, particularly in areas with high regulatory volatility or geopolitical uncertainty. Description Persistent global macroeconomic headwinds, structural overcapacity in key regional chemical hubs, and escalating trade protectionism threaten long-term industrial demand growth across
It is also enabling them to serve both domestic and global customers with greater reliability. For companies such as AIL, this creates a meaningful platform to support India’s self-reliance agenda while expanding into higher-value and more specialised product segments. Trade and investment prospects also improved during the year.
This planned leadership transition marks an important step in AIL’s evolution towards professionally led executive management, supported by robust governance and continuity of promoter oversight. Over the past two years, Suyog has earned the confidence of the Board through his able leadership, strategic perspective, strong execution and commitment to accountability, ensures that our strategic decisions consistently s
The Company expects gradual deleveraging, with net debt likely to moderate this year through operating improvements and sustained efficiency measures. Margin expansion is also expected to be supported by operating leverage and cost optimisation initiatives. For FY 2026-27, the capex cycle is expected to enter a low-intensity phase, with spending projected to decline significantly to well below ₹ 1,000 Crs due to the
Description Global trade policy shifts, tariffs, and sanctions can hinder Aarti Industries’ access to raw materials and export markets. Regulatory restrictions and non-tariff barriers can raise costs and limit market reach, thereby impacting competitiveness and profit margins, particularly in areas with high regulatory volatility or geopolitical uncertainty. Description Persistent global macroeconomic headwinds, stru
HOW TO READ THIS PAGE
Evidence, freshness and limitations
What does the TickerSutra score mean?
The score ranks captured evidence across financial quality, growth, moat and margins, regulatory catalysts, governance, institutional trend and valuation comfort. It is a research-prioritization tool—not a buy recommendation or price target.
Which sources support this page?
Financial history, ownership and pledge data, NSE and BSE filings, annual reports and available earnings-call transcripts are combined here. Use the source trail and original exchange document before relying on a decision-critical fact.
Why can an item be unresolved?
Unresolved means the current captured source window did not provide enough evidence for that check. It does not establish that a risk or relationship is absent.
Maintained by TickerSutra Research · Snapshot updated 29 Sept 2026 · Read the methodology · Read the disclaimer
DIRECTOR & BUSINESS NETWORK
Loading corporate intelligence
Loading universe coverage and exchange-backed evidence…