AAREYDRUGSHealthcare

Aarey Drugs & Pharmaceuticals Limited

Pharmaceuticals · ISIN INE198H01019 · BSE 524412 · NSE EQ · FV ₹10
Last price
₹102
+1.78%today
What this company does

Aarey Drugs & Pharmaceuticals Limited operates in Pharmaceuticals, part of the Healthcare sector. It booked ₹45 cr of revenue in its latest quarter (Q1 FY27) and kept 2.3% of sales as profit.

53out of 100
Equitytale Health Score
Mixed

Healthier than 53% of companies in Healthcare, on all six measures of filed financials. Each measure is ranked against the 13–150 companies that reported it.

Measures financial condition, not whether to buy. Learn what this score means · How this is calculated

Price momentum
overbought
RSI (14)
71

At close. Not part of the score.

Profitability & returns16

How much profit it earns on the money it employs

Balance sheet27

How much it owes, and whether earnings cover the interest

Cash quality73

Whether reported profit actually arrives as cash

Growth & consistency100

Whether sales and profit have grown, and how steadily · highest in its sector on what we could measure

Valuation50

What today's price implies, against our models or its peers

Governance & risk100

How much of the promoters' stake is pledged, and how much they hold · highest in its sector on what we could measure

Is this company doing well?
not investment advice
Strengths
Makes a profit
Promoters hold 43%
No promoter shares pledged
Turns profit into real cash
Watch-outs
! Thin 2.3% net margin
! Sales down 56% vs last year
! Profit down 25% vs last year
! Low 2.7% return on equity

What if I invest in AAREYDRUGS?

Set a growth rate and see what a monthly SIP would add up to. Your assumption, our arithmetic.

You would put in
₹12.00 lakh
120 instalments
At 10% a year, it would become
₹20.15 lakh

The starting rate is a round number, not a view on this company — this is your assumption, and the figure above is arithmetic on it. Returns are not steady year to year, and a real holding would not grow in a straight line. We do not publish price targets or predict returns.

Key ratios · latest quarter + price
₹102 +1.78%
latest close · 2026-09-17
1-year return
+162.5%
52-wk low ₹2852-wk high ₹103
Is it cheap or expensive?
What you pay for the profits, book value and cash flow. Higher isn't automatically worse — it can signal faster growth.
P/E ratio70.6High
LowAverageHigh
P/B ratio1.92Moderate
Below bookModerateHigh
EV / EBITDA27.8High
LowAverageHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity2.7%Weak
WeakFairStrong ▸15%
Return on capital5.8%Weak
WeakFairStrong
Net margin2.3%Thin
ThinDecentStrong
EBITDA margin6.8%Thin
ThinDecentHealthy
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity0.33Comfortable
LowModerateHigh ▸1
Interest cover1.3×Risky
RiskyOkayStrong ▸5×
Current ratio1.81Healthy
Tight ◂1HealthyAmple
More figures
Market cap
₹289 cr
Book value
₹53
EPS
₹0.36
latest quarter
Net debt
₹49 cr
owes more than its cash
Enterprise value
₹338 cr
EBITDA
₹12 cr
annualised
EBIT
₹9 cr
annualised
Operating margin
4.9%
Return on assets
1.4%
Earnings yield
1.42%
P/S
1.62
Sales / share
₹62.7
Tax rate
-98.5%
Face value
₹10
Shares
2.8 cr
Working capital
₹118 cr
Current assets
₹263 cr
Current liabilities
₹145 cr
Delivery %
66.0%
Strong / safeFairWeak / riskyValuation — a level, not good/badBands are general rules of thumb, not advice.

P/E, ROE, ROCE and margins are annualised from the latest quarter; per-share and balance-sheet ratios use the most recent balance sheet on file · prices as of 2026-09-17.

Worth vs price · from the exchange filings
not investment advice
Looks overpricedMedium confidence
Median of 2 models ₹45 vs market price ₹102 — price is 125% above it
Safety cushion-124.8%(target ≥ +20%)
Models span ₹41₹49, midpoint ₹45
Model ₹45
Price ₹102
Cheap sideExpensive side

An educational model from the company's own filings, every assumption shown — not investment advice or a price target. Prices can stay above or below any model for years.

P&L · Q1 FY27 (consolidated)
Revenue from Operations₹45 cr
Other Income₹2 cr
Total Income₹46 cr
Cost of Materials₹43 cr
Purchases of Stock-in-Trade₹0 cr
Inventory Change (±)₹-1 cr
Employee Benefit Expense₹16.3 L
Finance Costs₹2 cr
Depreciation & Amortisation₹85 L
Other Expenses₹98.3 L
Total Expenses₹46 cr
Profit before Tax₹51.6 L
Tax Expense₹-50.8 L
Net Profit₹1 cr
Net margin on total income2.2%
Where the money goes · Q1 FY27
% of total income
Materials + stock-in-trade₹42 cr90.0%
Employee benefit expense₹16.3 L0.3%
Finance costs₹2 cr3.6%
Depreciation & amortisation₹85 L1.8%
Other expenses₹98.3 L2.1%
Profit for the period₹1 cr2.2%
Total income ₹46 cradds up to ₹100 ✓
Quarterly results · consolidated (₹ cr)
MetricQ3 FY26Q4 FY26Q1 FY27
Revenue96 cr189 cr45 cr
Total income101 cr189 cr46 cr
Expenses100 cr188 cr46 cr
Profit before tax92.4 L1 cr51.6 L
Tax35.4 L-27.7 L-50.8 L
Net profit (owners' share)57 L2 cr1 cr
Net margin (owners' share, on revenue)0.6%0.8%2.3%
EPS (₹)0.200.550.36
YoY (latest quarter): total income -55.3% · net profit -25.4%
Balance sheet & cash flow · as of Mar 2026
Low debt
Total assets
₹297 cr
Shareholder equity
₹150 cr
parent shareholders
Total debt
₹50 cr
Cash
₹1 cr
Cash flow · H1 FY26
Operating
₹15 cr
Investing
₹-10 cr
Financing
₹1 cr
Peer comparison
Pharmaceuticals · by market value
CompanyPriceMarket capP/E
Sun Pharmaceutical Industries Limited₹1,867₹4.48 L cr38.6
Divi's Laboratories Limited₹9,323₹2.47 L cr68.7
Torrent Pharmaceuticals Limited₹4,875₹1.65 L cr82.0
Zydus Lifesciences Limited₹1,135₹1.13 L cr30.4
Cipla Limited₹1,376₹1.11 L cr35.2
Laurus Labs Limited₹1,948₹1.05 L cr71.5
Dr. Reddy's Laboratories Limited₹1,175₹98,113 cr55.1
Aurobindo Pharma Limited₹1,690₹97,243 cr23.7
Lupin Limited₹2,098₹95,936 cr16.9
Same industry · latest reported numbers · not a recommendation.
Corporate actions
Dividend yield
trailing 12 months
Dividend / share (TTM)
Last dividend
₹0.1
ex 13 Dec 2018
ActionDetailEx-date
Dividend₹0.1 / share13 Dec 2018
Bonus issue5:125 Jun 2012
Who owns it · 2026-08-06
No pledge
Promoter
42.8%
FII / Foreign
4.4%
DII / Domestic
1.5%
Retail / others
51.3%
Promoter stake down 2.5% over the last 12 quarters.
Smart-money activity
Insider trades
BoughtNimit Impex Pvt Ltd · Promoter Group50,000 · ₹20.6 L25 Nov 21
BoughtNimit Rajesh Ghatalia · Director1.50 L · ₹61.7 L25 Nov 21
BoughtMira Mihir Ghatalia · Promoters2.50 L · ₹1.0 cr25 Nov 21
Bulk / block deals
BoughtVAYUMIND INNOVATIONS PRIVATE LIMITED · NSE2.74 L @ ₹88.9728 Aug 26
BoughtVAYUMIND INNOVATIONS PRIVATE LIMITED · NSE1.54 L @ ₹80.4526 Aug 26
BoughtSHREE SALASAR PROPERTIES & FIN.(P)LTD. · NSE2.00 L @ ₹844 Aug 26
Stake changes
BoughtBina Rajesh Ghatalia · promoter→ 15.75% · 5.00 L23 Jun 22
What shareholders were asked to approve

A company cannot decide everything on its own. Things like a top executive’s pay, issuing new shares, or re-appointing a director have to be put to the people who own the company, and they vote — one vote per share. So whoever owns the most shares has the most say.

Yearly shareholder meeting · 29 Sep 2025
See the official result
1
TO RECEIVE, CONSIDER AND ADOPT THE AUDITED FINANCIAL STATEMENT OF THE COMPANY FOR THE YEAR ENDED 31ST MARCH, 2025, THE BALANCE SHEET AS ON THAT DATE AND THE REPORTS OF DIRECTORS AND AUDITORS THEREON.
Backed by 100% of shareholders other than promotersneeded 50%
3.37 L votes for, 12 against
2
TO APPOINT A DIRECTOR IN PLACE OF MR. MIHIR GHATALIA (DIN: 00581005), WHO RETIRES BY ROTATION AND BEING ELIGIBLE, OFFERS HIMSELF FOR RE‐APPOINTMENT
Promoters had a personal stake in this
Backed by 100% of shareholders other than promotersneeded 50%
3.37 L votes for, 12 against
3
TO RE‐APPOINT M/S. MOTILAL & ASSOCIATES.,(ICAI FIRM REGISTRATION NO.: 106584W), CHARTERED ACCOUNTANTS AS STATUTORY AUDITORS OF THE COMPANY FOR A SECOND TERM OF FIVE YEARS
Backed by 100% of shareholders other than promotersneeded 50%
3.37 L votes for, 12 against
4
RE‐APPOINTMENT OF MR. CHETAN K MEHTA (DIN: 01639366) AS AN INDEPENDENT DIRECTOR FOR 2ND TERM OF 5 YEARS
Backed by 100% of shareholders other than promotersneeded 75%
3.37 L votes for, 12 against

Every vote count above is taken from the result the company filed with the stock exchange, certified by an independent counter. To work out what would have happened without the promoters, we simply remove their votes and re-apply the same legal bar the proposal had to clear. Nothing here is an estimate or an opinion.

Who controls this company, and what it pays them

Most Indian companies are controlled by a family or group — the promoters. The exchange requires them to be listed by name, including members who own no shares at all, and requires the company to disclose any business it does with them.

The promoter group — 11 named members
owning 42.8% between them · as of 2026-08-06
Bina Rajesh Ghatalia14.59%
Mihir Rajesh Ghatalia10.30%
Nimit Impex6.51%
Nimit Rajesh Ghatalia5.34%
Mira Mihir Ghatalia3.04%
Ekta Nimit Ghatalia1.62%
MIHIR RAJESH GHATALIA HUF0.79%
Rajesh Pranlal Ghatalia0.59%

Names and holdings from the company’s shareholding pattern filed with the exchange; transactions from the related-party note in its annual report. Every figure is as filed — these are legal, disclosed dealings, and what to make of them is your call.

Money it raised, and what it did with it

When a company raises money from investors, it has to say up front what the money is for. The rules then make it report, every three months until the money is gone, how much of each of those things it has actually paid for — so a promise made while asking for the money can be checked afterwards.

₹8 cr raised in May 2025 by selling shares to selected investors

As of Jun 2026, the company says it has spent 0% of what it set aside.

The Company, as a part of its financial strategy, proposes to offer, issue and allot Convertible Warrants to its Promoter/Non-Promoter/Promoter group member on preferential basis, for infusing additional funds in the Company which may be employed in the business of the Company and/or may be used to augment the funding needs for re-structuring/settlement of liabilities/debts and/or such other appropriate arrangements and/or understanding with Bankers and/or other Creditors and/or investment in technology and/or for general corporate purposes which shall enhance the business of the Company and for any other purpose as may be decided and approved by the Board.
0%
of what was set aside

The rupee amounts in this company’s own breakdown don’t add up to the amount it says it raised — a common filing slip, where a table meant to be read in lakhs is entered as whole rupees. Rather than guess which is right, we show only the percentages, which are unaffected.

Every figure above is taken from the statement the company files with the stock exchange each quarter, for as long as money it has raised remains unspent. The only thing we work out is how much of each stated purpose has been paid for — one number divided by another from the same filing. Whether a plan that changed was a good change is not something a filing can tell you. See the filing

How the stock has moved · adjusted for splits & bonuses
Data from primary exchange filings · analysis tool, not investment advice.