Aarti Surfactants Limited

BSE: AARTISURF543210ISIN INE09EO01013

Commodities
Specialty Chemicals
BSE Commodities

Share price

₹480.00+20.45 (+4.45%)

as of 4 Nov 2026

Prices adjusted for splits and bonuses; cash dividends excluded. Volume shows actual shares traded.

52W high: ₹680.00
52W low: ₹317.65
Off 52W high: -29.41%
1M return: -2.36%
3M return: -11.44%
6M return: +9.44%
1Y return: +3.77%
20D avg volume: 528
50 DMA: ₹502.33
200 DMA: ₹432.17

Key ratios Consolidated

Market cap: ₹406.60 Cr
Current price: ₹480.00
52W high / low: ₹680.00 / ₹317.65
Face value: ₹10.00
P/E: 22.10
P/B: 1.66
EPS (TTM): ₹21.72
Book value / share: ₹289.09
ROE: —
ROCE: 9.30%
Operating margin: —
Net margin: —
Debt / equity: 0.42
Net debt: ₹90.54 Cr
Interest cover: 2.40
Dividend yield: 0.21%
Dividend / share (TTM): ₹1.00
Payout: 4.60%
Cash conversion cycle: 42.9 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
	272.87	256.28	207.79	179.17	215.90	202.05	162.78	150.84	143.41	158.55	138.75	143.86
	0.17	0.19	0.04	0.06	0.04	1.14	0.16	2.01	0.49	0.05	0.03	0.03
	273.04	256.47	207.83	179.23	215.94	203.20	162.62	152.85	143.90	158.60	138.78	143.89
	260.85	250.59	202.73	177.03	211.89	190.03	161.41	154.04	140.59	151.83	129.69	135.11
	229.20	186.40	172.85	173.93	187.76	165.15	144.29	122.62	109.78	116.98	104.93	109.36
	0.00	0.00	0.00	0.00	0.00	0.00	—	—	0.77	—	—	—
	5.96	6.10	6.25	5.85	5.37	5.72	4.87	4.93	4.61	4.61	4.46	4.64
	3.52	3.06	3.16	2.80	3.28	3.26	3.12	2.60	2.58	3.41	3.65	3.65
	4.75	4.46	4.47	4.41	4.35	4.41	4.40	4.31	4.23	4.21	4.02	3.85
	22.53	17.34	14.10	16.35	17.80	14.89	15.03	17.46	15.35	17.30	15.02	15.95
	12.19	5.88	5.10	2.20	4.04	13.17	1.21	-1.19	3.31	6.76	9.09	8.78
	0.00	0.00	0.00	0.00	0.00	0.00	0.00	4.20	0.00	0.00	0.00	0.00
	12.19	5.88	5.10	2.20	4.04	13.17	1.21	3.01	3.31	6.76	9.09	8.78
	3.19	1.69	1.44	0.64	1.10	3.45	0.41	1.21	1.09	1.97	2.40	4.03
	9.00	4.19	3.66	1.56	2.94	9.72	0.80	1.81	2.22	4.65	6.68	4.74
	10.63	4.95	4.32	1.84	3.48	11.50	0.95	2.14	2.62	5.81	8.42	5.97
Key metrics
	20.46	13.40	12.73	9.41	11.67	20.84	8.73	9.92	10.12	14.38	16.76	16.28
	7.50%	5.20%	6.10%	5.30%	5.40%	10.30%	5.40%	6.60%	7.10%	9.10%	12.10%	11.30%
	3.30%	1.60%	1.80%	0.90%	1.40%	4.80%	0.50%	1.20%	1.50%	2.90%	4.80%	3.30%
	—	2.80%	—	1.60%	—	5.60%	—	—	—	—	—	—
	26.40%	26.80%	27.70%	18.80%	50.50%	27.40%	17.30%	4.90%	—	—	—	—
	206.10%	-56.90%	357.50%	-13.80%	32.40%	109.00%	-88.00%	-61.80%	—	—	—	—

Metric	TTM	FY26	FY25	FY24	FY23	FY22
Income statement
	916.11	859.13	659.09	589.86	601.29	575.52
	0.46	0.33	3.48	0.13	0.33	0.29
	916.57	859.46	662.56	589.99	601.63	575.81
	891.20	842.24	646.07	557.80	583.83	566.49
	762.38	720.93	541.84	445.83	468.10	462.88
	0.00	0.00	0.77	—	—	—
	24.16	23.57	20.13	17.89	16.84	17.99
	12.54	12.31	11.55	14.03	14.79	10.67
	18.09	17.69	17.35	16.04	15.49	12.45
	70.32	65.58	62.72	63.28	62.37	69.84
	25.37	17.22	16.50	32.19	17.80	9.32
	0.00	0.00	4.20	0.00	0.00	0.00
	25.37	17.22	20.70	32.19	17.80	9.32
	6.96	4.88	6.16	10.72	5.20	3.82
	18.41	12.34	14.54	21.33	12.71	5.50
	21.74	14.59	17.20	26.63	16.64	7.24
Key metrics
	56.00	47.22	49.60	62.26	48.08	32.44
	6.11%	5.50%	7.50%	10.60%	8.00%	5.60%
	2.01%	1.40%	2.20%	3.60%	2.10%	1.00%
	—	9.30%	11.10%	—	—	—
	25.23%	30.40%	11.70%	-1.90%	4.50%	—
	20.56%	-15.10%	-31.80%	67.80%	131.10%	—
	—	31.54	-4.90	—	—	—
	—	6.21	1.06	—	—	—
	—	0.42	0.47	—	—	—
	—	90.54	107.87	—	—	—
	—	42.9	65.5	—	—	—
Balance sheet
	—	516.66	477.19	—	—	—
	—	261.66	251.82	—	—	—
	—	12.36	0.86	—	—	—
	—	104.65	76.26	—	—	—
	—	118.64	134.33	—	—	—
	—	23.83	38.98	—	—	—
	—	197.94	201.51	—	—	—
	—	122.39	92.22	—	—	—
	—	197.55	186.30	—	—	—
	—	102.90	108.73	—	—	—
	—	60.97	81.13	—	—	—
	—	41.93	27.60	—	—	—
	—	244.93	232.62	—	—	—
Cash flow
	—	76.65	15.34	—	—	—
	—	-45.65	-20.37	—	—	—
	—	-19.50	-0.37	—	—	—
	—	45.11	20.24	—	—	—

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
	272.87	256.28	207.79	179.17	215.90	202.05	162.78	150.84	143.41	158.55	138.75	143.86
	0.17	0.19	0.04	0.06	0.04	1.14	0.16	2.01	0.49	0.05	0.03	0.03
	273.04	256.47	207.83	179.23	215.94	203.20	162.62	152.85	143.90	158.60	138.78	143.89
	260.77	250.51	202.66	176.96	211.78	189.91	161.30	153.93	140.48	150.90	129.69	135.11
	229.20	186.40	172.85	173.93	187.76	165.15	144.29	122.62	109.78	116.98	104.93	109.36
	0.00	0.00	0.00	0.00	0.00	0.00	—	—	0.76	—	—	—
	5.96	6.10	6.25	5.85	5.37	5.72	4.87	4.93	4.61	4.61	4.45	4.64
	3.52	3.06	3.16	2.80	3.28	3.26	3.12	2.60	2.57	3.41	3.65	3.66
	4.69	4.40	4.42	4.35	4.29	4.35	4.34	4.26	4.17	4.15	4.02	3.85
	22.51	17.32	14.08	16.34	17.74	14.83	—	17.41	15.29	16.42	15.01	15.94
	12.27	5.96	5.17	2.27	4.16	13.28	1.32	-1.08	3.43	7.70	9.09	8.78
	0.00	0.00	0.00	0.00	0.00	0.00	—	4.20	—	—	—	—
	12.27	5.96	5.17	2.27	4.16	13.28	1.32	3.12	3.43	7.70	9.09	8.78
	3.19	1.69	1.44	0.64	1.10	3.45	0.41	1.21	1.09	2.11	2.40	4.03
	9.08	4.26	3.73	1.63	3.06	9.84	0.91	1.92	2.33	5.59	6.68	4.75
	10.72	5.04	4.40	1.93	3.62	11.63	1.07	2.26	2.75	6.98	8.42	5.98
Key metrics
	20.48	13.42	12.75	9.42	11.73	20.89	8.78	9.98	10.17	15.26	16.76	16.29
	7.50%	5.20%	6.10%	5.30%	5.40%	10.30%	5.40%	6.60%	7.10%	9.60%	12.10%	11.30%
	3.30%	1.70%	1.80%	0.90%	1.40%	4.90%	0.60%	1.30%	1.60%	3.50%	4.80%	3.30%
	—	2.80%	—	1.60%	—	5.70%	—	—	—	—	—	—
	26.40%	26.80%	27.70%	18.80%	50.50%	27.40%	17.30%	4.90%	—	—	—	—
	196.70%	-56.70%	309.90%	-15.10%	31.30%	76.00%	-86.40%	-59.60%	—	—	—	—

Metric	TTM	FY26	FY25	FY24	FY23	FY22
Income statement
	916.11	859.13	659.09	589.86	601.29	575.52
	0.46	0.33	3.48	0.13	0.33	0.29
	916.57	859.46	662.56	589.99	601.63	575.81
	890.90	841.90	645.62	556.86	583.82	566.48
	762.38	720.93	541.84	445.83	468.10	462.87
	0.00	0.00	0.76	—	—	—
	24.16	23.57	20.13	17.89	16.84	17.99
	12.54	12.31	11.55	14.03	14.79	10.67
	17.86	17.46	17.12	15.98	15.49	12.45
	70.25	65.48	62.51	62.40	62.36	69.83
	25.67	17.56	16.95	33.13	17.81	9.32
	0.00	0.00	4.20	—	—	—
	25.67	17.56	21.15	33.13	17.81	9.32
	6.96	4.88	6.16	10.86	5.20	3.82
	18.70	12.68	14.99	22.27	12.71	5.50
	22.09	14.99	17.72	27.81	16.64	7.25
Key metrics
	56.07	47.33	49.82	63.14	48.09	32.44
	6.12%	5.50%	7.60%	10.70%	8.00%	5.60%
	2.04%	1.50%	2.30%	3.80%	2.10%	1.00%
	—	9.30%	11.20%	—	—	—
	25.23%	30.40%	11.70%	-1.90%	4.50%	—
	18.88%	-15.40%	-32.70%	75.20%	131.10%	—
	—	31.69	-4.43	—	—	—
	—	6.06	1.03	—	—	—
	—	0.42	0.46	—	—	—
	—	90.69	108.01	—	—	—
	—	42.9	65.6	—	—	—
Balance sheet
	—	518.48	478.65	—	—	—
	—	261.44	251.63	—	—	—
	—	12.21	0.72	—	—	—
	—	104.65	76.26	—	—	—
	—	118.64	134.33	—	—	—
	—	23.76	38.92	—	—	—
	—	195.57	198.90	—	—	—
	—	122.30	92.11	—	—	—
	—	197.45	186.19	—	—	—
	—	102.90	108.73	—	—	—
	—	60.97	81.13	—	—	—
	—	41.93	27.60	—	—	—
	—	246.84	234.21	—	—	—
Cash flow
	—	76.79	15.50	—	—	—
	—	-45.80	-20.56	—	—	—
	—	-19.50	-0.37	—	—	—
	—	45.10	19.93	—	—	—

Compounded growth

Standalone

Sales CAGR 3Y: +12.63%
Sales CAGR 5Y: —
Profit CAGR 3Y: -0.08%
Profit CAGR 5Y: —
Sales YoY (TTM): +25.23%
Profit YoY (TTM): +18.88%

Consolidated

Sales CAGR 3Y: +12.63%
Sales CAGR 5Y: —
Profit CAGR 3Y: -0.98%
Profit CAGR 5Y: —
Sales YoY (TTM): +25.23%
Profit YoY (TTM): +20.56%

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 Sep 2026

Promoter holding: 49.84%

Quarter	30 Sep 2026	September 2026	June 2026
Promoter %	49.84%	49.84%	49.84%

Holder	Type	Holding	Previous	Change
Nikhil Holdings Private Limited	Promoter Group	14.85%	14.85%	0.00%
Jaya Chandrakant Gogri	Promoter Group	13.60%	13.60%	0.00%
Rashesh Chandrakant Gogri	Promoter Group	4.53%	4.53%	0.00%
Nikhil Parimal Desai	Promoter Group	3.13%	3.13%	0.00%
Hetal Gogri Gala	Promoter Group	3.09%	3.09%	0.00%
Anushakti Enterprise Private Limited	Promoter Group	2.94%	2.94%	0.00%
Indira Madan Dedhia	Promoter Group	1.70%	1.70%	0.00%
Parimal Hasmukhlal Desai	Promoter	1.41%	1.41%	0.00%
Tarla Parimal Desai	Promoter Group	1.32%	1.32%	0.00%
Nishant Pradip Shah	Public	1.21%	1.21%	0.00%
Mulraj Chandulal Gala	Public	1.17%	1.17%	0.00%
Pradeep Kumar Sonthalia	Public	1.11%	1.11%	0.00%
Alchemie Financial Services Limited	Promoter Group	0.79%	0.79%	0.00%
Aarnav Rashesh Gogri	Promoter Group	0.65%	0.65%	0.00%
Aashay Rashesh Gogri	Promoter Group	0.65%	0.65%	0.00%

Public shareholders are disclosed individually only above 1%.

Peer comparison

Company	Mkt cap (₹ Cr)	Price (₹)	P/E	ROCE	Sales YoY	Profit YoY	1Y return
Pidilite Industries Ltd.	1,53,494	1,507.00	56.47	28.50%	+16.83% TTM	+20.94% TTM	+3.57%
Gujarat Fluorochemicals Limited	50,673	4,612.90	75.63	10.10%	+20.33% TTM	-1.47% TTM	+25.63%
Navin Fluorine International Limited	45,075	8,785.00	49.50	18.70%	+45.68% TTM	+105.04% TTM	+45.12%
Deepak Nitrite Limited	21,559	1,580.65	20.29	10.80%	+23.80% TTM	+99.83% TTM	-9.73%
Aether Industries Limited	20,478	1,542.85	82.16	12.20%	+30.76% TTM	+28.03% TTM	+103.85%
Aarti Industries Ltd	16,311	449.65	27.46	8.50%	+39.85% TTM	+104.40% TTM	+16.66%
Fine Organic Industries Limited	15,720	5,127.35	38.71	20.20%	+12.92% TTM	+18.80% TTM	+16.19%
Atul Limited.	15,177	5,155.00	19.28	13.50%	+18.15% TTM	+40.10% TTM	-12.49%
Anupam Rasayan India Limited	13,029	1,144.40	57.92	7.50%	+51.76% TTM	+14.65% TTM	+6.58%
PRIVI SPECIALITY CHEMICALS LIMITED	12,825	3,283.30	34.73	25.10%	+17.54% TTM	+44.15% TTM	+10.09%
BASF India Ltd	12,812	2,959.95	21.44	13.10%	+13.35% TTM	+59.30% TTM	-33.46%
Sudeep Pharma Limited	12,657	1,120.60	67.10	24.20%	—	—	—
Vinati Organics Ltd.	10,334	996.85	25.09	17.70%	+10.98% TTM	-5.48% TTM	-39.90%
Elantas Beck India Ltd S	10,127	12,774.65	54.20	—	+18.86% TTM	+35.25% TTM	+29.29%
Jubilant Ingrevia Limited	8,957	562.35	25.55	10.80%	+15.41% TTM	+21.73% TTM	-18.43%
Alkyl Amines Chemicals Ltd. S	8,108	1,585.25	32.77	14.60%	+13.38% TTM	+35.83% TTM	-13.31%
Galaxy Surfactants Limited	8,048	2,269.80	22.75	12.70%	+27.05% TTM	+16.13% TTM	+0.01%
Clean Science and Technology Limited	6,979	656.60	29.92	19.20%	+4.51% TTM	-12.06% TTM	-33.34%
Neogen Chemicals Limited	6,815	2,268.40	168.60	6.80%	+26.66% TTM	+55.16% TTM	+54.05%
Fineotex Chemical Limited	6,221	53.42	41.98	16.20%	+91.44% TTM	+41.07% TTM	+84.27%
Balaji Amines Ltd.	5,738	1,770.80	23.80	10.20%	+20.91% TTM	+66.05% TTM	+26.00%
Archean Chemical Industries Limited	5,291	428.60	54.04	7.80%	+5.99% TTM	-42.66% TTM	-34.05%
Prasol Chemicals Limited	4,594	776.20	—	—	—	—	—
Laxmi Organic Industries Limited	4,501	161.95	35.81	4.40%	+5.47% TTM	+25.01% TTM	-17.12%
Foseco India Ltd S	4,494	5,962.25	57.00	—	+10.33% TTM	-3.71% TTM	+5.42%
Aarti Surfactants Limited	407	480.00	22.10	9.30%	+25.23% TTM	+20.56% TTM	+3.77%

Some figures use IPO-document inputs. Growth periods are shown per value; FY means annual.

Filings & corporate actions

Recent announcements

Certificate under Reg. 74 (5) of SEBI (DP) Regulation, 20186 Oct 2026 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
Alteration of Main Object Clause of the Memorandum of Association of the Company1 Oct 2026 · Company Update / Amendments to Memorandum & Articles of Association
Change in Management1 Oct 2026 · Company Update / Change in Management
Scrutinizer''s Report and Voting Results of 8th Annual General Meeting of the Company1 Oct 2026 · AGM/EGM / AGM
Presentation made to Shareholders at 8th Annual General Meeting29 Sep 2026 · Company Update / Investor Presentation
Proceedings of 8th Annual General Meeting29 Sep 2026 · AGM/EGM / AGM
Closure of Trading Window25 Sep 2026 · Insider Trading / SAST / Closure of Trading Window
Action taken and Order passed against the Company25 Sep 2026 · Company Update / General
Resignation of Non Executive Independent Director of the Company12 Sep 2026 · Company Update / Resignation of Director
Newspaper advertisements regarding dispatch of Annual Report for the 8th Annual General Meeting of the Company7 Sep 2026 · Company Update / Newspaper Publication
Notice of 8th Annual General Meeting scheduled to be held on September 29, 20264 Sep 2026 · AGM/EGM / AGM
Annual Report for FY 2025-20264 Sep 2026 · Others / Reg. 34 (1) Annual Report
Intimation of Record Date for Final Dividend for FY 2025-20264 Sep 2026 · Corp. Action / Record Date
Upward Revision in Credit Rating3 Sep 2026 · Company Update / Credit Rating
Intimation of Newspaper Advertisements regarding 8th Annual General Meeting of the Company3 Sep 2026 · Company Update / Newspaper Publication
Incorporation of an overseas Wholly Owned Subsidiary Company31 Aug 2026 · Company Update / Acquisition
Grant of Stock Options24 Aug 2026 · Company Update / General
Appointments/Re-aapointments of Directors22 Aug 2026 · Company Update / Change in Directorate
Outcome of Board Meeting22 Aug 2026 · Company Update / General
Intimation under Reg. 57 of SEBI (LODR) Regulations, 20155 Aug 2026 · Company Update / General
Newspaper Publication of Financial Results for Quarter ended June 30, 20263 Aug 2026 · Company Update / Newspaper Publication
Unaudited Standalone and Consolidated Financial Results quarter ended June 30, 20261 Aug 2026 · Result / Financial Results
Outcome of Board Meeting1 Aug 2026 · Board Meeting / Outcome of Board Meeting
Aarti Surfactants Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 01/08/2026 ,inter alia, to consider and approve Unaudited Financial Results ....27 Jul 2026 · Board Meeting / Board Meeting
Intimation regarding dispatch of Notice to Preference Shareholders13 Jul 2026 · Company Update / General
Disclosure under Reg.74(5) of SEBI (DP) Regulations, 20184 Jul 2026 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
Intimation of Record Date for redemption of Non Convertible Redeemable Preference Shares3 Jul 2026 · Corp. Action / Record Date
Outcome of Board Meeting held on July 3, 20263 Jul 2026 · Company Update / Meeting Updates
Intimation of Board Meeting29 Jun 2026 · Others / Reg. 50 (1) - Prior intimation about Board meeting under Regulation 50(1))
Closure of Trading Window26 Jun 2026 · Insider Trading / SAST / Closure of Trading Window
Allotment of Equity Shares pursuant to ''Aarti Surfactants Limited Employee Stock Option Plan 2024''18 Jun 2026 · Company Update / Allotment of ESOP / ESPS
Disclosure under Regulation 30 of the SEBI (LODR) Regulations, 201515 Jun 2026 · Company Update / General
Annual Secretarial Compliance Report for the year ended March 31, 2026.19 May 2026 · Company Update / Reg.24(A)-Annual Secretarial Compliance
Newspaper Publication of Financial Results.11 May 2026 · Company Update / Newspaper Publication
Re-appointment of Cost Auditor & Internal Auditor for FY 2026-20279 May 2026 · Company Update / General
Recommendation of Final Dividend subject to approval of the shareholders an the ensuing Annual General Meeting9 May 2026 · Corp Action / Dividend/AGM
Financial Results for the quarter and year ended March 31, 20269 May 2026 · Result / Financial Results
Outcome of Board Meeting9 May 2026 · Board Meeting / Outcome of Board Meeting
Aarti Surfactants Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 09/05/2026 ,inter alia, to consider and approve the Audited Financial Results ....4 May 2026 · Board Meeting / Board Meeting
Certificate under Reg. 74(5) of SEBI (DP) Regulations, 20188 Apr 2026 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018

Corporate actions

Purpose	Ex date	Record date	Payment date
Final Dividend - Rs. - 1.0000	22 Sep 2026	22 Sep 2026	—
Final Dividend - Rs. - 1.0000	16 Sep 2025	16 Sep 2025	—

Board meetings

1 Aug 2026 Board Meeting - Financial Results