AARTECHIndustrials

Aartech Solonics Limited

Heavy Electrical Equipment · ISIN INE01C001026 · BSE 542580 · NSE BE · FV ₹5
Last price
₹51
+2.31%today
What this company does

Aartech Solonics Limited operates in Heavy Electrical Equipment, part of the Industrials sector. It booked ₹7 cr of revenue in its latest quarter (Q1 FY27) and kept 21.5% of sales as profit.

65out of 100
Equitytale Health Score
Solid

Healthier than 65% of companies in Industrials, on the 5 of 6 measures we could read for it. Each measure is ranked against the 234–290 companies that reported it.

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

Price momentum
neutral
RSI (14)
57

At close. Not part of the score.

Profitability & returns85

How much profit it earns on the money it employs

Balance sheet71

How much it owes, and whether earnings cover the interest

Cash quality30

Whether reported profit actually arrives as cash

Valuation36

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

Not measurable for this company: growth & consistency. Those pillars are left out of the score rather than counted as zero.

Is this company doing well?
not investment advice
Strengths
Makes a profit
Strong 22% net margin
Sales up 68% vs last year
Profit up 63% vs last year
Promoters hold 53%
No promoter shares pledged
Strong 18% return on equity
Turns profit into real cash
Watch-outs
None flagged from our data

What if I invest in AARTECH?

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 We do not publish price targets or predict returns.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
₹51 +2.31%
latest close · 2026-09-17
52-wk low ₹4542 sessions so far52-wk high ₹53
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 ratio26.2Average
LowAverageHigh
P/B ratio4.65High
Below bookModerateHigh
EV / EBITDA16.3High
LowAverageHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity17.9%Strong
WeakFairStrong ▸15%
Return on capital26.9%Strong
WeakFairStrong
Net margin21.5%Strong
ThinDecentStrong
EBITDA margin34.8%Healthy
ThinDecentHealthy
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity0.16Comfortable
LowModerateHigh ▸1
Interest cover11.3×Strong
RiskyOkayStrong ▸5×
Current ratio2.85Ample
Tight ◂1HealthyAmple
More figures
Market cap
₹163 cr
Book value
₹11
EPS
₹0.49
latest quarter
Net debt
₹2 cr
owes more than its cash
Enterprise value
₹165 cr
EBITDA
₹10 cr
annualised
EBIT
₹10 cr
annualised
Operating margin
33.0%
Return on assets
12.4%
Earnings yield
3.81%
P/S
5.60
Sales / share
₹9.2
Tax rate
29.1%
Face value
₹5
Shares
3.2 cr
Working capital
₹28 cr
Current assets
₹43 cr
Current liabilities
₹15 cr
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
Hard to value confidentlyLow confidence
The market price is far above what these earnings- and book-based models support — a fast-growing or asset-light business can trade well above them for years, so we won't put a confident number on how overpriced it is.
Models span ₹6₹15, midpoint ₹10

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₹7 cr
Other Income₹2 cr
Total Income₹9 cr
Cost of Materials₹3 cr
Purchases of Stock-in-Trade₹0 cr
Inventory Change (±)₹97.3 L
Employee Benefit Expense₹1 cr
Finance Costs₹21.2 L
Depreciation & Amortisation₹13.3 L
Other Expenses₹1 cr
Total Expenses₹7 cr
Profit before Tax₹2 cr
Tax Expense₹63.6 L
Net Profit₹2 cr
Net margin on total income17.4%
Where the money goes · Q1 FY27
% of total income
Materials + stock-in-trade₹4 cr41.2%
Employee benefit expense₹1 cr13.8%
Finance costs₹21.2 L2.4%
Depreciation & amortisation₹13.3 L1.5%
Other expenses₹1 cr16.6%
Tax expense₹63.6 L7.1%
Profit for the period₹2 cr17.4%
Total income ₹9 cradds up to ₹100 ✓
Quarterly results · consolidated (₹ cr)
MetricQ3 FY26Q4 FY26Q1 FY27
Revenue7 cr17 cr7 cr
Total income8 cr17 cr9 cr
Expenses5 cr16 cr7 cr
Profit before tax1 cr2 cr2 cr
Tax56.2 L1 cr63.6 L
Net profit (owners' share)60.3 L68.3 L2 cr
Net margin (owners' share, on revenue)8.2%3.9%21.5%
EPS (₹)0.180.190.49
YoY (latest quarter): total income +55.7% · net profit +62.8%
Balance sheet & cash flow · as of Mar 2026
Low debt
Total assets
₹51 cr
Shareholder equity
₹35 cr
parent shareholders
Total debt
₹6 cr
Cash
₹3 cr
Cash flow · H1 FY26
Operating
₹26 L
Investing
₹30.7 L
Financing
₹-38 L
Peer comparison
Heavy Electrical Equipment · by market value
CompanyPriceMarket capP/E
Siemens Limited₹3,764₹8.37 L cr97.6
ABB India Limited₹7,131₹1.51 L cr102.1
Bharat Heavy Electricals Limited₹429₹1.49 L cr99.4
Hitachi Energy India Limited₹31,230₹1.39 L cr118.3
CG Power and Industrial Solutions Limited₹880₹1.39 L cr110.6
GE Vernova T&D India Limited₹4,341₹1.11 L cr76.5
Siemens Energy India Limited₹3,109₹1.11 L cr62.8
Suzlon Energy Limited₹43₹58,505 cr48.3
Thermax Limited₹3,570₹40,210 cr398.4
Same industry · latest reported numbers · not a recommendation.
Corporate actions
Dividend yield
0.24%
trailing 12 months
Dividend / share (TTM)
₹0.13
Last dividend
₹0.13
ex 23 Sep 2025
ActionDetailEx-date
Dividend₹0.13 / share23 Sep 2025
Dividend₹0.25 / share23 Sep 2024
Stock splitStock Split From Rs.10/- to Rs.5/-9 Aug 2024
Bonus issue2:19 Aug 2024
Dividend₹0.5 / share22 Sep 2023
Dividend₹0.5 / share1 Sep 2022
Who owns it · 2026-06-30
No pledge
Promoter
52.8%
FII / Foreign
0.0%
DII / Domestic
Retail / others
47.2%
Promoter stake up 0.1% over the last 12 quarters.
Smart-money activity
Insider trades
BoughtAMIT ANIL RAJE · Promoters10,145 · ₹5.2 L24 Nov 25
BoughtAMIT ANIL RAJE · Promoters10,145 · ₹5.2 L24 Nov 25
BoughtAMIT ANIL RAJE · Promoters12,700 · ₹10.3 L29 Nov 24
Bulk / block deals
SoldKABRA KAILASH · NSE2.37 L @ ₹49.6120 Aug 26
BoughtKABRA KAILASH · NSE1,155 @ ₹50.2120 Aug 26
BoughtKRISHNA AWTAR KABRA · NSE2.87 L @ ₹51.518 Jul 26
Stake changes
BoughtMr. Amit Anil Raje · promoter→ 14.83% · 10,14524 Nov 25
BoughtMr. Amit Anil Raje · promoter→ 14.80% · 12,70029 Nov 24
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 · 30 Sep 2025
See the official result
1
To receive consider and adopt: a) The audited financial Statements of the Company for the Financial Year ended March 31, 2025 together with the Report of Board of Directors and Auditors thereon; and b) The audited Consolidated financial Statements of the Company for the Financial Year ended March 31, 2025 together with the Report of Board of Directors and Auditors thereon
This filing does not break the votes down by shareholder group.
2
To declare final dividend on equity shares at the rate 2.5% [i.e., Re. 0.125/- per Equity Share of Rs. 5/- each] for the financial year ended 31 March, 2025
This filing does not break the votes down by shareholder group.
3
To appoint a director in place of Mrs. Arati Nath (DIN: 08741034), who retires by rotation in terms of Section 152(6) of the Companies Act, 2013 and, being eligible, offers herself for re-appointment
Promoters had a personal stake in this
This filing does not break the votes down by shareholder group.
4
To consider and approve re-appointment of Mr. Kshitij Negi (DIN: 09046425) as an Independent Director of the Company for a second term of 5 (five) consecutive years commencing from the conclusion of his existing/current term i.e. 07th February 2026
This filing does not break the votes down by shareholder group.

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 — 5 named members
owning 52.8% between them · as of 2026-06-30
ANIL ANANT RAJE22.08%
AMIT ANIL RAJE14.84%
CHHAYA ANIL RAJE13.22%
POONAM JAIDEEP MULHERKAR1.32%
ARATI NATH1.30%

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.

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