Aarti Industries Ltd

BSE: AARTIIND524208ISIN INE769A01020

Commodities
Specialty Chemicals
BSE 500

BSE listing

Share price

₹490.50+13.95 (+2.93%)

as of 18 Sep 2026

52W high: ₹551.45
52W low: ₹338.20
Off 52W high: -11.05%
1M return: -6.91%
3M return: +1.20%
6M return: +14.90%
1Y return: +25.46%
20D avg volume: 71,256
50 DMA: ₹503.19
200 DMA: ₹446.97

Key ratios Consolidated

Market cap: ₹17,792 Cr
Current price: ₹490.50
52W high / low: ₹551.45 / ₹338.20
Face value: ₹5.00
P/E: 33.53
P/B: —
EPS (TTM): ₹14.63
Book value / share: —
ROE: —
ROCE: 8.50%
Operating margin: —
Net margin: —
Debt / equity: 0.83
Net debt: ₹4,338 Cr
Interest cover: 2.07
Dividend yield: 0.20%
Dividend / share (TTM): ₹1.00
Payout: 6.84%
Cash conversion cycle: 57.0 days

Financials

Metric	Q1 FY27	Q4 FY26	Q3 FY26	Q2 FY26	Q1 FY26	Q4 FY25	Q3 FY25	Q2 FY25	Q1 FY25	Q4 FY24	Q3 FY24	Q2 FY24
Income statement
	2,387	2,206	2,319	2,100	1,676	1,949	1,840	1,628	1,855	1,773	1,732	1,454
	3.00	0.83	1.89	0.30	3.51	2.94	4.54	4.91	5.65	0.05	8.43	0.01
	2,212	2,094	2,187	2,029	1,637	1,858	1,805	1,601	1,716	1,647	1,623	1,372
	1,647	1,495	1,385	1,317	1,060	1,104	1,160	1,059	1,056	1,083	983.42	876.36
	190.00	235.19	215.37	77.00	72.66	71.60	34.38	38.56	75.19	71.03	25.79	23.37
	120.00	102.56	105.97	105.00	108.83	98.88	105.43	104.65	113.46	100.34	102.70	99.26
	83.00	112.32	68.53	100.00	59.50	63.96	85.46	62.38	63.64	58.87	54.03	58.22
	124.00	118.52	120.91	120.00	114.31	113.32	110.65	108.00	102.30	98.32	97.40	93.05
	353.00	439.33	359.90	329.00	233.29	330.52	272.82	309.68	280.62	319.08	268.12	267.15
	178.00	111.14	133.84	71.50	41.89	88.49	39.97	31.65	144.76	125.76	116.64	81.56
	2.00	0.00	-15.37	22.00	0.00	0.00	0.00	2.37	0.00	0.00	0.00	0.00
	180.00	111.14	118.47	93.50	41.89	88.49	39.97	34.02	144.76	125.76	116.64	81.56
	25.00	26.23	-14.38	-12.00	-1.41	7.30	6.01	18.32	8.00	6.13	7.47	9.09
	155.00	137.29	132.89	105.50	43.30	95.79	45.98	52.34	136.76	131.89	124.11	90.65
	4.27	3.79	3.67	2.91	1.19	2.64	1.27	1.44	3.77	3.64	3.42	2.50
Key metrics
	387.00	341.98	307.91	313.50	215.70	265.77	236.08	204.40	310.70	282.95	268.07	232.83
	16.20%	15.50%	13.30%	14.90%	12.90%	13.60%	12.80%	12.60%	16.80%	16.00%	15.50%	16.00%
	6.50%	6.20%	5.70%	5.00%	2.60%	4.90%	2.50%	3.20%	7.40%	7.40%	7.20%	6.20%
	—	2.70%	—	2.50%	—	2.00%	—	—	—	—	—	—
	42.50%	13.20%	26.00%	29.00%	-9.70%	9.90%	6.30%	11.90%	—	—	—	—
	258.00%	43.30%	189.00%	101.60%	-68.30%	-27.40%	-63.00%	-42.30%	—	—	—	—

Metric	TTM	FY26	FY25	FY24	FY23	FY22	FY21	FY20	FY19	FY18
Income statement
	9,012	8,286	7,271	6,372	6,619	7,000	4,506	4,186	4,706	3,806
	6.02	4.87	14.12	8.41	0.86	0.80	0.70	8.84	2.11	7.77
	8,522	7,933	6,981	5,985	6,008	5,474	3,842	3,519	4,086	3,385
	5,844	5,256	4,381	3,770	3,462	3,269	1,938	1,781	2,571	2,170
	717.56	600.40	219.73	203.95	313.94	286.51	244.24	274.65	183.47	117.46
	433.53	422.14	422.42	403.73	385.34	442.08	371.38	305.22	242.82	190.14
	363.85	339.93	275.44	211.47	168.28	114.29	86.37	124.78	182.54	131.65
	483.43	474.14	434.27	378.12	310.45	288.52	231.31	185.21	162.68	—
	1,481	1,347	1,193	1,112	—	1,335	1,025	847.44	803.03	735.27
	494.48	358.37	304.87	395.43	611.10	1,527	664.55	676.18	621.97	429.01
	8.63	6.47	2.37	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	503.11	364.84	307.24	395.43	611.10	1,527	664.55	676.18	621.97	429.01
	24.85	-54.34	23.63	21.05	65.87	219.38	129.33	129.42	117.80	82.88
	530.68	419.06	330.87	416.48	545.23	1,307	535.22	546.76	504.17	346.13
	14.64	11.56	9.13	11.49	15.04	36.06	30.04	30.77	60.39	—
Key metrics
	1,350	1,179	1,017	985.02	1,090	1,930	982.23	986.17	967.19	560.66
	14.98%	14.20%	14.00%	15.50%	16.50%	27.60%	21.80%	23.60%	20.60%	14.70%
	5.89%	5.10%	4.60%	6.50%	8.20%	18.70%	11.90%	13.10%	10.70%	9.10%
	—	8.50%	7.60%	—	—	—	—	—	—	—
	—	14.00%	14.10%	-3.70%	-5.40%	55.30%	7.60%	-11.00%	23.60%	—
	—	26.70%	-20.60%	-23.60%	-58.30%	144.30%	-2.10%	8.40%	45.70%	—
	—	-343.48	-144.03	—	—	—	—	—	—	—
	—	1.86	3.75	—	—	—	—	—	—	—
	—	0.83	0.68	—	—	—	—	—	—	—
	—	4,338	3,590	—	—	—	—	—	—	—
	—	57.0	50.4	—	—	—	—	—	—	—
Balance sheet
	—	13,300	11,114	—	—	—	—	—	—	—
	—	4,187	2,895	—	—	—	—	—	—	—
	—	582.73	199.39	—	—	—	—	—	—	—
	—	1,403	786.06	—	—	—	—	—	—	—
	—	1,732	1,454	—	—	—	—	—	—	—
	—	367.75	323.21	—	—	—	—	—	—	—
	—	6,265	6,329	—	—	—	—	—	—	—
	—	1,841	1,237	—	—	—	—	—	—	—
	—	5,039	3,466	—	—	—	—	—	—	—
	—	4,921	3,790	—	—	—	—	—	—	—
	—	2,733	1,922	—	—	—	—	—	—	—
	—	2,188	1,867	—	—	—	—	—	—	—
	—	5,955	5,605	—	—	—	—	—	—	—
Cash flow
	—	780.80	1,242	—	—	—	—	—	—	—
	—	-1,142	-1,398	—	—	—	—	—	—	—
	—	744.64	-73.17	—	—	—	—	—	—	—
	—	1,124	1,386	—	—	—	—	—	—	—

Metric	Q1 FY27	Q4 FY26	Q3 FY26	Q2 FY26	Q1 FY26	Q4 FY25	Q3 FY25	Q2 FY25	Q1 FY25	Q4 FY24	Q3 FY24	Q2 FY24
Income statement
	2,241	2,439	2,276	2,085	1,636	1,991	1,749	1,716	1,848	1,769	1,724	1,450
	3.11	-0.22	2.45	1.00	4.35	-2.05	5.94	7.65	5.80	0.04	8.42	0.01
	2,080	2,320	2,147	2,020	1,599	1,897	1,714	1,687	1,708	1,644	1,616	1,368
	1,648	1,495	1,386	1,317	1,060	1,105	1,161	1,058	1,057	1,082	984.57	876.46
	74.33	185.44	99.80	55.33	61.34	63.38	39.74	36.53	66.43	67.08	26.88	22.56
	119.11	101.89	105.38	104.27	108.33	98.20	104.87	104.15	112.93	99.65	102.28	98.82
	82.24	111.85	68.19	99.19	59.40	63.90	85.41	62.34	63.59	58.67	53.83	58.01
	123.67	118.24	120.64	120.12	114.04	113.06	110.37	107.73	102.07	98.15	97.23	92.89
	348.09	437.60	357.82	329.37	229.83	319.13	272.19	308.00	278.60	318.82	266.11	265.33
	163.41	119.19	131.86	65.69	42.12	92.12	41.41	36.69	145.84	125.61	116.19	81.96
	0.00	0.00	-15.37	21.84	0.00	0.00	—	—	—	—	—	—
	163.41	119.19	116.49	87.53	42.12	92.12	41.41	36.69	145.84	125.61	116.19	81.96
	19.10	-27.50	-15.00	-12.98	1.50	-7.31	6.00	18.31	8.00	6.00	8.00	9.00
	144.31	146.69	131.49	100.51	43.62	99.43	47.41	55.00	137.84	131.61	124.19	90.96
	3.98	4.05	3.63	2.77	1.20	2.74	1.31	1.52	3.80	3.63	3.41	2.51
Key metrics
	369.32	349.28	305.32	306.84	215.56	269.08	237.19	206.76	311.50	282.43	267.25	232.86
	16.50%	14.30%	13.40%	14.70%	13.20%	13.50%	13.60%	12.10%	16.90%	16.00%	15.50%	16.10%
	6.40%	6.00%	5.80%	4.80%	2.70%	5.00%	2.70%	3.20%	7.50%	7.40%	7.20%	6.30%
	—	2.80%	—	2.40%	—	2.00%	—	—	—	—	—	—
	36.90%	22.50%	30.10%	21.50%	-11.50%	12.50%	1.50%	18.30%	—	—	—	—
	230.80%	47.50%	177.30%	82.70%	-68.40%	-24.50%	-61.80%	-39.50%	—	—	—	—

Metric	TTM	FY26	FY25	FY24	FY23	FY22	FY21	FY20	FY19	FY18
Income statement
	9,041	8,422	7,304	6,347	6,565	6,865	4,317	3,994	4,548	3,699
	6.34	7.88	19.31	8.41	0.41	3.20	1.95	10.51	4.53	2.13
	8,567	8,071	7,007	5,959	5,952	5,369	3,687	3,359	3,961	3,309
	5,847	5,258	4,383	3,771	3,465	3,267	1,923	1,765	2,539	2,116
	414.90	401.90	206.07	193.55	290.40	210.88	185.79	218.20	143.13	102.90
	430.65	419.86	420.16	401.66	383.10	433.56	358.28	292.34	230.71	176.80
	361.47	338.63	275.24	210.66	165.80	112.88	86.16	121.55	179.15	130.74
	482.67	473.04	433.23	377.45	310.01	281.41	218.31	172.64	151.03	135.77
	1,473	1,341	1,178	1,106	1,292	1,293	980.69	805.21	766.30	716.83
	480.15	358.87	316.04	396.35	613.00	1,500	632.00	645.86	591.05	392.35
	6.47	6.47	0.00	—	—	—	—	—	—	—
	486.62	365.34	316.04	396.35	613.00	1,500	632.00	645.86	591.05	392.35
	-36.38	-56.98	-23.61	21.00	67.23	210.75	118.50	122.50	109.77	75.91
	523.00	422.32	339.65	417.35	545.77	1,289	513.50	523.36	481.28	316.44
	14.43	11.65	9.37	11.51	15.06	35.55	29.47	30.04	59.10	—
Key metrics
	1,331	1,177	1,025	984.46	1,089	1,894	936.47	940.05	921.23	658.86
	14.72%	14.00%	14.00%	15.50%	16.60%	27.60%	21.70%	23.50%	20.30%	17.80%
	5.78%	5.00%	4.70%	6.60%	8.30%	18.80%	11.90%	13.10%	10.60%	8.60%
	—	8.50%	7.70%	—	—	—	—	—	—	—
	—	15.30%	15.10%	-3.30%	-4.40%	59.00%	8.10%	-12.20%	22.90%	—
	—	24.30%	-18.60%	-23.50%	-57.70%	151.00%	-1.90%	8.70%	52.10%	—
	—	-516.03	-100.05	—	—	—	—	—	—	—
	—	1.44	3.77	—	—	—	—	—	—	—
	—	0.82	0.67	—	—	—	—	—	—	—
	—	4,509	3,591	—	—	—	—	—	—	—
	—	63.7	50.6	—	—	—	—	—	—	—
Balance sheet
	—	13,159	11,115	—	—	—	—	—	—	—
	—	4,038	2,896	—	—	—	—	—	—	—
	—	410.48	197.09	—	—	—	—	—	—	—
	—	1,864	857.44	—	—	—	—	—	—	—
	—	1,297	1,388	—	—	—	—	—	—	—
	—	365.93	321.98	—	—	—	—	—	—	—
	—	6,221	6,281	—	—	—	—	—	—	—
	—	1,691	1,230	—	—	—	—	—	—	—
	—	4,882	3,456	—	—	—	—	—	—	—
	—	4,920	3,788	—	—	—	—	—	—	—
	—	2,732	1,921	—	—	—	—	—	—	—
	—	2,188	1,867	—	—	—	—	—	—	—
	—	5,972	5,618	—	—	—	—	—	—	—
Cash flow
	—	608.25	1,282	—	—	—	—	—	—	—
	—	-1,141	-1,435	—	—	—	—	—	—	—
	—	745.94	-73.54	—	—	—	—	—	—	—
	—	1,124	1,382	—	—	—	—	—	—	—

Compounded growth

Standalone

Sales CAGR 3Y: +8.66%
Sales CAGR 5Y: +14.30%
Sales CAGR 10Y: —
Profit CAGR 3Y: -8.19%
Profit CAGR 5Y: -3.83%
Profit CAGR 10Y: —
Sales YoY (TTM): +27.47%
Profit YoY (TTM): +113.07%

Consolidated

Sales CAGR 3Y: +7.78%
Sales CAGR 5Y: +12.96%
Sales CAGR 10Y: —
Profit CAGR 3Y: -8.40%
Profit CAGR 5Y: -4.78%
Profit CAGR 10Y: —
Sales YoY (TTM): +27.06%
Profit YoY (TTM): +123.53%

Compounded from reported annual figures. We publish no share-price CAGR: our prices are as-traded, so one would be wrong across every split and bonus issue.

Shareholding as of 30 Jun 2026

Promoter holding: 41.85%

Holder	Type	Holding	Previous	Change
Life Insurance Corporation Of India	Public	6.80%	—	—
ICICI Prudential	Public	4.46%	—	—
Rashesh Chandrakant Gogri	Promoter Group	4.09%	—	—
Mirik Rajendra Gogri	Promoter Group	3.08%	—	—
Renil Rajendra Gogri	Promoter Group	3.08%	—	—
Anushakti Enterprise Private Limited	Promoter Group	2.75%	—	—
Hetal Gogri Gala	Promoter Group	2.75%	—	—
Jaya Chandrakant Gogri	Promoter Group	2.70%	—	—
Sarla Shantilal Shah	Promoter	2.56%	—	—
HDFC Mutual Fund	Public	2.50%	—	—
LABDHI BUSINESS TRUST (Saswat Trusteeship Private Limited)	Promoter Group	2.07%	—	—
TULIP FAMILY TRUST (Gloire Trusteeship Services Private Limited)	Promoter Group	1.82%	—	—
ORCHID FAMILY TRUST (Relacion Trusteeship Services Private Limited)	Promoter	1.82%	—	—
Nippon Life India Trustee Ltd	Public	1.66%	—	—
Safechem Enterprises Private Limited	Promoter Group	1.61%	—	—

Public shareholders are disclosed individually only above 1%.

Filings & corporate actions

Recent announcements

Intimation of Analyst/Investor Meet16 Sep 2026 · Company Update / Analyst / Investor Meet
Press Release titled "Aarti Industries Commissions Phase I of Zone IV, Unlocking New High-Value Manufacturing Opportunities7 Sep 2026 · Company Update / Press Release / Media Release
Newspaper Publication for dispatch of Integrated Annual Report for the FY 2025-26 and Notice of 43rd AGM28 Aug 2026 · Company Update / Newspaper Publication
AGM Intimation27 Aug 2026 · AGM/EGM / AGM
Record Date for Dividend FY 2025-2627 Aug 2026 · Corp. Action / Record Date
Please find attached BRSR for FY 2025-2627 Aug 2026 · Others / Business Responsibility and Sustainability Reporting (BRSR)
Please find attached Notice of 43rd Annual General Meeting.27 Aug 2026 · Company Update / General
PFA Integrated Annual Report 2025-2627 Aug 2026 · Others / Reg. 34 (1) Annual Report
Intimation of Analyst/Investor Meet.24 Aug 2026 · Company Update / Analyst / Investor Meet
Newspaper Publication20 Aug 2026 · Company Update / Newspaper Publication
Newspaper Publication - Notice of Loss of Share Certificates.18 Aug 2026 · Company Update / Newspaper Publication
Transcript of Q1 FY27 Earnings Conference Call7 Aug 2026 · Company Update / Earnings Call Transcript
Intimation of Investor Meet6 Aug 2026 · Company Update / Analyst / Investor Meet
Submission of Reclassification Application to Stock Exchanges3 Aug 2026 · Company Update / General
Please find attached Newspaper Publication for Unaudited Financial Results1 Aug 2026 · Company Update / Newspaper Publication
Risk Management Committee - Change in Nomenclature and Constitution31 Jul 2026 · Company Update / General
Recording of Conference Call31 Jul 2026 · Company Update / Analyst / Investor Meet
PFA Q1 FY27 Results Presentation30 Jul 2026 · Company Update / Investor Presentation
Reclassification from "Promoter/ Promoter Group" category to "Public" category of the Company.30 Jul 2026 · Company Update / General
Press Release titled "Aarti Industries announces leadership transition to further strengthen governance and long term growth"30 Jul 2026 · Company Update / Press Release / Media Release
Incorporation of Subsidiary in China30 Jul 2026 · Company Update / General
Press Release on Unaudited Financial Results for Quarter Ended June 30, 202630 Jul 2026 · Company Update / Press Release / Media Release
Change in Directorate of the Company30 Jul 2026 · Company Update / Change in Directorate
Unaudited Finanicial Results for the Quarter Ended June 30, 202630 Jul 2026 · Board Meeting / Outcome of Board Meeting
Unaudited Financial Results for the Quarter Ended June 30, 202630 Jul 2026 · Result / Financial Results
Intimation of Earnings Conference Call21 Jul 2026 · Company Update / Analyst / Investor Meet
Aarti Industries Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 30/07/2026 ,inter alia, to consider and approve the Unaudited Financial Results ....20 Jul 2026 · Board Meeting / Board Meeting
PFA Certificate under Reg. 74(5) of SEBI (DP) Regulations, 2018.3 Jul 2026 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
Allotment of Equity Shares under Aarti Industries Limited PSOP 202224 Jun 2026 · Company Update / Allotment of ESOP / ESPS
Please find attached intimation with respect to cessation of step down subsidiary.24 Jun 2026 · Company Update / General
Intimation of Closure of Trading Window23 Jun 2026 · Insider Trading / SAST / Closure of Trading Window
Please find attached clarification with respect to increase in volume16 Jun 2026 · Company Update / General
The Exchange has sought clarification from Aarti Industries Ltd on June 16, 2026, with reference to Movement in Volume. <BR><BR>The reply is awaited.16 Jun 2026 · Company Update / Clarification
Allotment of Equity Shares under Aarti Industries Limited PSOP 20225 Jun 2026 · Company Update / Allotment of ESOP / ESPS
Aarti Industries Limited Achieves EcoVadis Platinum Rating 20264 Jun 2026 · Company Update / Press Release / Media Release
Submission of application for re-classification from Promoter/Promoter Group category to Public category of the Company.3 Jun 2026 · Company Update / General
Please find attached the intimation of Analyst/investor meet2 Jun 2026 · Company Update / Analyst / Investor Meet
Annual Secretarial Compliance Report for the year ended March 31, 202627 May 2026 · Company Update / Reg.24(A)-Annual Secretarial Compliance
Transcript of Q4 FY 2026 Earnings Conference Call11 May 2026 · Company Update / Earnings Call Transcript
Newspaper publication for Audited Financial Results for quarter and year ended March 31, 20266 May 2026 · Company Update / Newspaper Publication

Corporate actions

Purpose	Ex date	Record date	Payment date
Final Dividend - Rs. - 1.0000	11 Sep 2026	14 Sep 2026	—
Dividend - Rs. - 1.0000	18 Aug 2025	18 Aug 2025	—
Final Dividend - Rs. - 1.0000	26 Jul 2024	26 Jul 2024	—

Board meetings

30 Jul 2026 Board Meeting - Financial Results