Aries Agro Limited

BSE: ARIES532935ISIN INE298I01015

Commodities
Fertilizers
BSE Commodities

Share price

₹473.85+22.35 (+4.95%)

as of 4 Nov 2026

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

52W high: ₹524.50
52W low: ₹286.20
Off 52W high: -9.66%
1M return: -4.79%
3M return: +37.41%
6M return: +26.71%
1Y return: +26.71%
20D avg volume: 911
50 DMA: ₹471.84
200 DMA: ₹378.24

Key ratios Consolidated

Market cap: ₹616.21 Cr
Current price: ₹473.85
52W high / low: ₹524.50 / ₹286.20
Face value: ₹10.00
P/E: 13.03
P/B: 1.84
EPS (TTM): ₹36.36
Book value / share: ₹257.12
ROE: —
ROCE: 19.90%
Operating margin: —
Net margin: —
Debt / equity: 0.15
Net debt: ₹25.88 Cr
Interest cover: 4.40
Dividend yield: 0.53%
Dividend / share (TTM): ₹2.50
Payout: 6.88%
Cash conversion cycle: 82.4 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
	185.86	179.22	200.94	199.87	159.77	127.02	168.05	192.00	135.15	105.79	146.95	156.57
	1.73	5.58	1.56	4.45	1.38	0.75	2.31	1.66	0.25	1.00	0.20	1.64
	187.59	184.80	202.50	204.32	161.16	127.77	170.36	193.66	135.40	106.78	147.15	158.21
	167.96	190.90	178.66	176.26	146.66	132.65	155.69	169.66	124.79	114.92	135.78	140.28
	49.37	59.57	78.59	71.59	37.39	47.56	57.73	68.12	29.04	39.43	51.05	54.25
	46.27	57.37	29.13	30.34	39.98	30.34	22.62	25.98	36.47	19.74	14.86	21.38
	20.61	23.05	20.16	18.75	17.19	18.41	18.26	16.14	14.64	12.51	17.59	15.39
	4.83	3.37	1.96	7.54	4.84	2.84	4.81	7.87	3.03	5.32	3.81	9.45
	2.66	3.03	2.78	2.56	2.48	3.01	2.11	2.42	1.79	1.98	1.86	2.11
	44.35	51.70	54.61	48.62	38.90	37.54	—	—	—	—	—	—
	19.62	-6.10	23.84	28.05	14.49	-4.89	14.66	24.00	10.61	-8.14	11.37	17.93
	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	19.62	-6.10	23.84	28.05	14.49	-4.89	14.66	24.00	10.61	-8.14	11.37	17.93
	4.78	-1.31	6.53	8.13	4.56	-0.98	3.18	5.24	3.45	1.86	3.67	5.56
	14.85	-4.79	17.31	19.92	9.93	-3.91	11.48	18.76	7.16	-6.28	7.69	12.37
	11.47	-3.40	13.26	15.39	7.71	-2.84	8.91	14.51	5.59	-4.32	6.00	9.61
Key metrics
	27.11	0.30	28.58	38.15	21.81	0.96	21.58	34.29	15.43	-0.84	17.04	29.49
	14.60%	0.20%	14.20%	19.10%	13.70%	0.80%	12.80%	17.90%	11.40%	-0.80%	11.60%	18.80%
	8.00%	-2.70%	8.60%	10.00%	6.20%	-3.10%	6.80%	9.80%	5.30%	-5.90%	5.20%	7.90%
	—	-0.70%	—	9.00%	—	-0.60%	—	—	—	—	—	—
	16.30%	41.10%	19.60%	4.10%	18.20%	20.10%	14.40%	22.60%	—	—	—	—
	49.50%	-22.50%	50.80%	6.20%	38.70%	37.70%	49.30%	51.70%	—	—	—	—

Metric	TTM	FY26	FY25	FY24	FY23	FY22
Income statement
	765.89	740.06	622.22	516.46	472.24	440.03
	13.32	12.71	4.84	2.97	8.84	3.91
	779.21	752.77	627.06	519.43	481.07	443.94
	713.78	692.48	582.67	491.05	455.71	423.66
	259.12	247.15	202.45	175.10	154.35	146.08
	163.11	156.82	115.41	85.79	79.28	71.98
	82.57	79.15	67.45	58.14	52.10	46.16
	17.70	17.72	18.56	22.28	23.38	24.47
	11.03	10.85	9.34	7.74	7.84	5.78
	199.28	193.82	165.57	—	—	—
	65.41	60.29	44.39	28.38	25.37	20.28
	0.00	0.00	0.00	0.00	0.00	0.00
	65.41	60.29	44.39	28.38	25.37	20.28
	18.13	17.92	10.89	9.98	9.44	7.34
	47.29	42.37	33.49	18.40	15.93	11.61
	36.72	32.95	26.16	14.94	13.17	10.22
Key metrics
	94.14	88.86	72.29	58.40	56.59	50.53
	12.29%	12.00%	11.60%	11.30%	12.00%	11.50%
	6.17%	5.70%	5.40%	3.60%	3.40%	2.60%
	—	19.90%	18.20%	—	—	—
	18.40%	18.90%	20.50%	9.40%	7.30%	—
	30.42%	26.50%	82.00%	15.50%	37.20%	—
	—	37.46	72.76	—	—	—
	—	2.03	3.14	—	—	—
	—	0.15	0.15	—	—	—
	—	25.88	15.68	—	—	—
	—	82.4	115.5	—	—	—
Balance sheet
	—	638.84	581.42	—	—	—
	—	417.47	397.12	—	—	—
	—	24.76	28.58	—	—	—
	—	92.30	117.71	—	—	—
	—	143.89	132.84	—	—	—
	—	132.13	111.26	—	—	—
	—	115.89	109.78	—	—	—
	—	69.16	53.45	—	—	—
	—	246.73	235.11	—	—	—
	—	50.64	44.26	—	—	—
	—	19.90	11.79	—	—	—
	—	30.74	32.47	—	—	—
	—	338.10	293.44	—	—	—
Cash flow
	—	86.08	105.26	—	—	—
	—	-77.72	-34.33	—	—	—
	—	-12.18	-44.78	—	—	—
	—	48.62	32.50	—	—	—

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
	180.83	170.78	189.05	187.68	154.18	120.10	159.43	181.03	137.12	103.49	143.67	154.11
	2.52	6.27	2.44	5.48	2.04	1.44	3.05	2.33	1.08	1.67	0.72	2.75
	183.35	177.05	191.50	193.15	156.22	121.54	162.48	183.36	138.20	105.16	144.39	156.86
	165.25	181.09	172.30	168.55	142.52	127.97	147.66	161.92	126.82	112.43	132.29	138.17
	45.31	66.03	80.12	73.04	38.28	47.02	57.94	67.28	33.62	39.13	50.31	53.47
	47.42	47.94	25.87	23.87	38.55	27.96	17.41	21.55	35.06	18.74	13.65	20.52
	20.00	23.18	19.52	18.29	16.63	17.98	17.43	15.47	14.33	12.14	17.01	15.12
	4.47	3.03	1.64	7.30	4.65	2.62	4.57	7.65	2.82	5.29	3.70	9.29
	2.34	2.53	2.53	2.29	2.24	2.71	1.85	2.12	1.63	1.85	1.80	2.05
	42.52	46.44	51.90	46.69	37.05	34.34	—	—	—	—	—	—
	18.09	-4.04	19.20	24.61	13.69	-6.43	14.82	21.43	11.38	-7.27	12.10	18.68
	0.00	0.00	0.00	0.00	0.00	0.00	—	—	—	—	—	—
	18.09	-4.04	19.20	24.61	13.69	-6.43	14.82	21.43	11.38	-7.27	12.10	18.68
	4.47	-0.56	4.90	6.22	4.52	-1.81	3.02	4.33	3.41	1.69	3.63	5.48
	13.62	-3.48	14.29	18.39	9.17	-4.62	11.80	17.10	7.96	-5.57	8.47	13.21
	10.47	-2.68	10.99	14.14	7.05	-3.55	9.07	13.15	6.12	-4.29	6.52	10.16
Key metrics
	24.90	1.52	23.37	34.20	20.58	-1.10	21.24	31.20	15.83	-0.13	17.60	30.02
	13.80%	0.90%	12.40%	18.20%	13.30%	-0.90%	13.30%	17.20%	11.50%	-0.10%	12.30%	19.50%
	7.50%	-2.00%	7.60%	9.80%	5.90%	-3.80%	7.40%	9.40%	5.80%	-5.40%	5.90%	8.60%
	—	-0.30%	—	8.80%	—	-1.20%	—	—	—	—	—	—
	17.30%	42.20%	18.60%	3.70%	12.40%	16.00%	11.00%	17.50%	—	—	—	—
	48.50%	24.70%	21.10%	7.50%	15.20%	17.10%	39.30%	29.40%	—	—	—	—

Metric	TTM	FY26	FY25	FY24	FY23	FY22
Income statement
	728.34	701.83	597.68	507.72	469.88	439.47
	16.71	16.08	7.90	6.34	13.28	8.83
	745.05	717.91	605.58	514.06	483.16	448.30
	687.19	664.46	564.38	482.26	453.81	421.75
	264.50	257.48	205.86	173.55	159.67	150.63
	145.10	136.23	101.98	82.52	74.72	67.79
	80.99	77.62	65.21	56.67	50.82	45.28
	16.44	16.62	17.66	21.99	23.14	24.30
	9.69	9.59	8.31	7.43	7.62	5.65
	187.55	182.07	158.43	—	—	—
	57.86	53.45	41.20	31.80	29.36	26.55
	0.00	0.00	0.00	—	—	—
	57.86	53.45	41.20	31.80	29.36	26.55
	15.03	15.08	8.95	9.99	9.12	7.53
	42.82	38.37	32.25	21.81	20.23	19.02
	32.92	29.51	24.80	16.77	15.56	14.63
Key metrics
	83.99	79.66	67.17	61.22	60.12	56.50
	11.53%	11.40%	11.20%	12.10%	12.80%	12.90%
	5.88%	5.50%	5.40%	4.30%	4.30%	4.30%
	—	19.60%	18.40%	—	—	—
	18.48%	17.40%	17.70%	8.10%	6.90%	—
	28.01%	19.00%	47.90%	7.80%	6.40%	—
	—	35.34	69.65	—	—	—
	—	2.12	3.12	—	—	—
	—	0.12	0.13	—	—	—
	—	14.06	6.80	—	—	—
	—	80.0	113.6	—	—	—
Balance sheet
	—	590.97	547.62	—	—	—
	—	425.34	417.64	—	—	—
	—	24.69	28.43	—	—	—
	—	87.45	113.31	—	—	—
	—	129.40	122.38	—	—	—
	—	51.34	45.59	—	—	—
	—	96.18	91.51	—	—	—
	—	63.07	49.56	—	—	—
	—	233.81	227.21	—	—	—
	—	38.75	35.23	—	—	—
	—	11.01	7.37	—	—	—
	—	27.74	27.86	—	—	—
	—	312.17	274.51	—	—	—
Cash flow
	—	81.28	100.69	—	—	—
	—	-69.98	-28.62	—	—	—
	—	-15.03	-44.37	—	—	—
	—	45.94	31.04	—	—	—

Compounded growth

Standalone

Sales CAGR 3Y: +14.31%
Sales CAGR 5Y: —
Profit CAGR 3Y: +23.78%
Profit CAGR 5Y: —
Sales YoY (TTM): +18.48%
Profit YoY (TTM): +28.01%

Consolidated

Sales CAGR 3Y: +16.15%
Sales CAGR 5Y: —
Profit CAGR 3Y: +38.55%
Profit CAGR 5Y: —
Sales YoY (TTM): +18.40%
Profit YoY (TTM): +30.42%

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: 52.65%

Holder	Type	Holding	Previous	Change
RAHUL MIRCHANDANI	Promoter	28.67%	—	—
JIMMY MIRCHANDANI	Promoter	20.18%	—	—
AKSHAY J MIRCHANDANI	Promoter Group	3.24%	—	—
ACADIAN EMERGING MARKETS MICRO-CAP EQUITY MASTER FUND	Public	1.99%	—	—
INVESTOR EDUCATION AND PROTECTION	Public	1.44%	—	—
PRUDENT EQUITY	Public	1.23%	—	—
AMOL MIRCHANDANI	Promoter Group	0.54%	—	—
NITYA MIRCHANDANI	Promoter Group	0.02%	—	—

Public shareholders are disclosed individually only above 1%.

Peer comparison

Company	Mkt cap (₹ Cr)	Price (₹)	P/E	ROCE	Sales YoY	Profit YoY	1Y return
Coromandel International Limited	54,144	1,835.00	30.45	21.10%	+23.50% TTM	-20.87% TTM	-15.31%
Fertilizers and Chemicals Travancore Limited	49,410	763.60	—	—	—	—	-14.87%
Chambal Fertilisers & Chemicals Ltd	15,790	394.10	8.26	20.70%	+6.33% TTM	+2.62% TTM	-18.09%
Paradeep Phosphates Limited	14,254	137.25	16.75	23.10%	+31.35% TTM	-7.13% TTM	-18.40%
Gujarat State Fertilizers & Chem.Ltd	5,613	140.85	9.86	6.60%	+37.49% TTM	-14.85% TTM	-26.47%
Rashtriya Chemicals & Fertilizers Limited	5,549	100.58	12.43	12.10%	+17.52% TTM	+56.09% TTM	-34.15%
National Fertilizers Ltd.	3,006	61.28	8.25	11.10%	+23.27% TTM	+137.75% TTM	-35.77%
Southern Petrochemical Industries Corporation Limited	1,202	59.05	—	19.90%	—	—	-34.95%
Madras Fertilizers Ltd	902	55.96	—	—	—	—	-31.40%
ZUARI AGRO CHEMICALS LIMITED	802	190.60	4.70	46.00%	-68.39% TTM	-84.14% TTM	-22.54%
Aries Agro Limited	616	473.85	13.03	19.90%	+18.40% TTM	+30.42% TTM	+26.71%
Khaitan Chemicals & Fertilizers Ltd S	450	46.39	8.31	32.80%	+19.87% TTM	+36.87% TTM	-54.90%
Rama Phosphates Ltd. S	390	110.50	7.27	18.20%	+18.87% TTM	+91.79% TTM	-43.52%
Nova Agritech Limited	197	21.30	15.35	9.50%	-8.06% TTM	-51.35% TTM	-54.51%
Bharat Agri Fert and Realty Ltd S	107	20.18	-16.02	1.90%	-15.46% TTM	-1,158.73% TTM	-35.26%
Basant Agro-Tech (India) Ltd. S	92	10.17	—	10.70%	—	—	-26.46%
NAGARJUNA FERTILIZERS AND CHEMICALS LTD.	80	1.34	-5.41	0.00%	-100.00% TTM	+57.13% TTM	-73.09%
Teesta Agro Industries Ltd S	62	110.10	7.20	9.60%	+23.38% TTM	+10.85% TTM	-13.44%
The Phosphate Company Limited S	49	137.00	11.80	9.50%	+13.24% TTM	-12.16% TTM	-6.77%
Shiva Global Agro Industries Limited	39	39.00	16.67	5.20%	-20.90% TTM	-65.94% TTM	-15.11%
M.P. Agro Industries Ltd. S	5	8.09	73.55	1.30%	-100.00% TTM	-14.29% TTM	-29.04%

Filings & corporate actions

Recent announcements

Minutes AGM-20269 Oct 2026 · AGM/EGM / AGM
Monthly Report on Special Window Re-Lodgement of Shares September, 20267 Oct 2026 · Company Update / General
Certificate pursuant to Regulation 74(5) of SEBI (DP) Regulations, 2018 for the period ended 30.09.20265 Oct 2026 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
Voting Results & Scrutinizers Report-AGM-202630 Sep 2026 · AGM/EGM / AGM
Proceedings of the Annual General Meeting held on 29.09.202629 Sep 2026 · AGM/EGM / AGM
Chairman''s Speech-AGM-202629 Sep 2026 · AGM/EGM / AGM
Closure of Trading Window23 Sep 2026 · Insider Trading / SAST / Closure of Trading Window
Monthly Report on Re-Lodgement of Shares August 20267 Sep 2026 · Company Update / General
Update on Litigation4 Sep 2026 · Company Update / General
Annual Report 2025-20262 Sep 2026 · Others / Reg. 34 (1) Annual Report
Fixation of Cut Off/Record Date for Dividend11 Aug 2026 · Corp. Action / Record Date
Approval by the Board: 1. Convening of AGM 2. Fixation of Cut Off/Record Date for Dividend 3. Date of Payment of Dividend 4. Re-appointment of Managing Director 5. Re-appointment of ....11 Aug 2026 · Company Update / General
Un-Audited Financial Results-30.06.202611 Aug 2026 · Result / Financial Results
Out Come of the Board Meeting held on 11.08.202611 Aug 2026 · Board Meeting / Outcome of Board Meeting
Monthly Report on Special Window Re-Lodgement of Shares- July, 202610 Aug 2026 · Company Update / General
Announcement of Credit Rating7 Aug 2026 · Company Update / Credit Rating
Aries Agro Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 11/08/2026 ,inter alia, to consider and approve the Un-Audited Financial Results ....3 Aug 2026 · Board Meeting / Board Meeting
Monthly Report on Special Window Re-Lodgement of Shares- June, 20269 Jul 2026 · Company Update / General
Certificate pursuant to Regulation 74(5) of SEBI (DP) Regulations,20186 Jul 2026 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
Closure of Trading Window23 Jun 2026 · Insider Trading / SAST / Closure of Trading Window
Monthly Report on Special Window Re-Lodgement of Shares- May, 20268 Jun 2026 · Company Update / General
Aries Agro Limited Press Release29 May 2026 · Company Update / Press Release / Media Release
Annual Secretarial Compliance Report of Aries Agro Limited for the year ended March 31, 202629 May 2026 · Company Update / Reg.24(A)-Annual Secretarial Compliance
Recommendation of Dividend by Board for the F. Y. 2025-2628 May 2026 · Corp. Action / Dividend
Financial Results for the Fourth Quarter and Financial Year ended 31.03.202628 May 2026 · Result / Financial Results
Outcome of the Board Meeting held on 28.05.202628 May 2026 · Board Meeting / Outcome of Board Meeting
To consider and recommend Dividend for F.Y. 2025-26.20 May 2026 · Corp. Action / Dividend
Aries Agro Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 28/05/2026 ,inter alia, to consider and approve 1. To approve the Audited Financial ....20 May 2026 · Board Meeting / Board Meeting
Monthly Report on Special Window Re-Lodgement of Shares April, 202611 May 2026 · Company Update / General
Monthly Report on Special Window Re-Lodgement of Shares- March,202613 Apr 2026 · Company Update / General
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 20186 Apr 2026 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
Aries Agro Limited has appointed Mr. Sourav Ganguly as Brand Ambassador of the Company for a period of 3 (Three) years30 Mar 2026 · Company Update / General
Submission of Copies of Newspaper Publication24 Mar 2026 · Company Update / Newspaper Publication
TRADING WINDOW CLOSURE FOR RESULTS- 31.03.202623 Mar 2026 · Insider Trading / SAST / Closure of Trading Window
Monthly Report on Special Window Re-Lodgement of Shares- February, 202618 Mar 2026 · Company Update / General
Inauguration of Relocated Manufacturing Unit of the Company at Village- Chaktaliya Moodh, Pargana Asoha, Tehsil Purwa, District-Unnao, Uttar Pradesh5 Mar 2026 · Company Update / General
Un-Audited Financial Results-31.12.202513 Feb 2026 · Result / Financial Results
Un-Audited Financial Results-31.12.202513 Feb 2026 · Board Meeting / Outcome of Board Meeting
Inauguration of Manufacturing Unit at GIDC Sayakha, Taluka: Vadra, Distt: Bharuch Gujarat12 Feb 2026 · Company Update / General
Aries Agro Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 13/02/2026 ,inter alia, to consider and approve The Un-Audited Financial Results ....5 Feb 2026 · Board Meeting / Board Meeting

Corporate actions

Purpose	Ex date	Record date	Payment date
Special Dividend - Rs. - 1.0000	22 Sep 2026	22 Sep 2026	—
Final Dividend - Rs. - 1.5000	22 Sep 2026	22 Sep 2026	—
Dividend - Rs. - 1.2000	19 Sep 2025	19 Sep 2025	—
Final Dividend - Rs. - 1.0000	13 Sep 2024	16 Sep 2024	—

Board meetings

11 Aug 2026 Board Meeting - Financial Results