AARTIDRUGSHealthcare

Aarti Drugs Limited

Pharmaceuticals · ISIN INE767A01016 · BSE 524348 · NSE EQ · FV ₹10
Last price
₹456
-2.25%today
What this company does

Aarti Drugs Limited operates in Pharmaceuticals, part of the Healthcare sector. It booked ₹826 cr of revenue in its latest quarter (Q2 FY27) and kept 10.0% of sales as profit.

54out of 100
Equitytale Health Score
Mixed

Healthier than 54% of companies in Healthcare, on all six measures of filed financials. Each measure is ranked against the 37–153 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)
67

At close. Not part of the score.

Profitability & returns51

How much profit it earns on the money it employs

Balance sheet36

How much it owes, and whether earnings cover the interest

Cash quality57

Whether reported profit actually arrives as cash

Growth & consistency37

Whether sales and profit have grown, and how steadily

Valuation77

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

Governance & risk86

How much of the promoters' stake is pledged, and how much they hold

Is this company doing well?
not investment advice
Strengths
✓ Makes a profit
✓ Sales up 27% vs last year
✓ Profit up 83% vs last year
✓ Promoters hold 54%
✓ Strong 20% return on equity
✓ Turns profit into real cash
Watch-outs
! 2.5% of promoter stake pledged

What if I invest in AARTIDRUGS?

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 We do not publish price targets or predict returns.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
₹456▼ -2.25%
latest close · 2026-11-04
1-year return
-27.0%
52-wk low ₹36952-wk high ₹644
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 ratio12.6Low
LowAverageHigh
P/B ratio2.47Moderate
Below bookModerateHigh
EV / EBITDA8.6Average
LowAverageHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity19.7%Strong
WeakFairStrong ▸15%
Return on capital23.7%Strong
WeakFairStrong
Net margin10.0%Decent
ThinDecentStrong
EBITDA margin16.7%Decent
ThinDecentHealthy
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity0.37Comfortable
LowModerateHigh ▸1
Interest cover12.3×Strong
RiskyOkayStrong ▸5×
Current ratio1.59Healthy
Tight ◂1HealthyAmple
More figures
Market cap
₹4,160 cr
Book value
₹184
EPS
₹9.07
latest quarter
Net debt
₹610 cr
owes more than its cash
Enterprise value
₹4,770 cr
EBITDA
₹552 cr
annualised
EBIT
₹476 cr
annualised
Operating margin
14.4%
Return on assets
10.9%
Earnings yield
7.96%
P/S
1.26
Sales / share
₹362.1
Tax rate
24.3%
Face value
₹10
Shares
9.1 cr
Working capital
₹614 cr
Current assets
₹1,657 cr
Current liabilities
₹1,044 cr
Delivery %
42.3%
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 2026-11-04.

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 ₹133–₹278, midpoint ₹161

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 · Q2 FY27 (consolidated)
Revenue from Operations₹826 cr
Other Income₹3 cr
Total Income₹829 cr
Cost of Materials₹477 cr
Purchases of Stock-in-Trade₹33 cr
Inventory Change (±)₹-11 cr
Employee Benefit Expense₹37 cr
Finance Costs₹10 cr
Depreciation & Amortisation₹19 cr
Other Expenses₹155 cr
Total Expenses₹720 cr
Profit before Tax₹109 cr
Tax Expense₹27 cr
Net Profit₹83 cr
Net margin on total income10.0%
Where the money goes · Q2 FY27
% of total income
Materials + stock-in-trade₹499 cr60.2%
Employee benefit expense₹37 cr4.5%
Finance costs₹10 cr1.2%
Depreciation & amortisation₹19 cr2.3%
Other expenses₹155 cr18.7%
Tax expense₹27 cr3.2%
Profit for the period₹83 cr10.0%
Total income ₹829 cradds up to ₹100 ✓
Quarterly results · consolidated (₹ cr)
MetricQ4 FY26Q1 FY27Q2 FY27
Revenue720 cr703 cr826 cr
Total income721 cr704 cr829 cr
Expenses651 cr632 cr720 cr
Profit before tax70 cr69 cr109 cr
Tax15 cr19 cr27 cr
Net profit (owners' share)55 cr50 cr83 cr
Net margin (owners' share, on revenue)7.7%7.1%10.0%
EPS (₹)6.055.499.07
YoY (latest quarter): total income +26.9% · net profit +83.2%
Balance sheet & cash flow · as of Sep 2026
Low debt
Total assets
₹3,054 cr
Shareholder equity
₹1,682 cr
parent shareholders
Total debt
₹619 cr
Cash
₹8 cr
Cash flow · H1 FY27
Operating
₹66 cr
Investing
₹-90 cr
Financing
₹26 cr
Peer comparison
Pharmaceuticals · by market value
CompanyPriceMarket capP/E
Sun Pharmaceutical Industries Limited₹1,770₹4.25 L cr53.3
Divi's Laboratories Limited₹10,064₹2.67 L cr74.1
Torrent Pharmaceuticals Limited₹4,650₹1.77 L cr82.7
Laurus Labs Limited₹2,323₹1.26 L cr71.1
Zydus Lifesciences Limited₹1,241₹1.24 L cr33.2
Dr. Reddy's Laboratories Limited₹1,368₹1.14 L cr30.8
Cipla Limited₹1,397₹1.13 L cr32.2
Mankind Pharma Limited₹2,475₹1.02 L cr35.9
Aurobindo Pharma Limited₹1,695₹97,502 cr23.7
Same industry · latest reported numbers · not a recommendation.
Corporate actions
Dividend yield
0.44%
trailing 12 months
Dividend / share (TTM)
₹2
Last dividend
₹2
ex 9 Feb 2026
ActionDetailEx-date
Dividend₹2 / share9 Feb 2026
Dividend₹1 / share4 Feb 2025
BuybackBuy Back5 Sep 2024
Dividend₹1 / share6 Feb 2024
BuybackBuy Back4 Aug 2023
Dividend₹1 / share8 Feb 2023
Who owns it · 2026-09-30
⚑ 2.5% pledged
Promoter
54.1%
FII / Foreign
2.3%
DII / Domestic
10.2%
Retail / others
33.4%
Promoter stake down 3.4% over the last 12 quarters.
Smart-money activity
Insider trades
BoughtAlchemie Finserv Pvt. Ltd. · Promoter Group53,500 · ₹2.3 cr31 Mar 22
BoughtHarit Pragji Shah · Director25,000 · ₹1.1 cr31 Mar 22
SoldRenil Rajendra Gogri · Promoter Group1.65 L · ₹7.2 cr31 Mar 22
Bulk / block deals
short— · NSE60028 Oct 26
SoldJUNOMONETA FINSOL PRIVATE LIMITED · NSE5.05 L @ ₹446.628 Oct 26
BoughtJUNOMONETA FINSOL PRIVATE LIMITED · NSE5.04 L @ ₹446.2928 Oct 26
Stake changes
SoldDilesh Roadlines Pvt Ltd · promoter→ 0.40% · 1.26 L24 Jun 26
BoughtDSP Trustee Private Ltd on behalf of Schemes of DSP Mutual fund ( Seller)→ 7.04% · 19,57521 Mar 25
SoldRajendra Vallabhaji Gogri alongwith PAC · promoter→ 0.11% · 4.12 L28 May 24
What shareholders were asked to approve
2 proposals passed only on promoter votes

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 · 26 Sep 2026
See the official result
1
To receive, consider and adopt the Audited Standalone and Consolidated Financial Statements of the Company for the financial year ended March 31, 2026, together with the Reports of the Board of Directors and the Auditors thereon.
Backed by 100% of shareholders other than promotersneeded 50%
1.79 cr votes for, 593 against · 0% of mutual funds and other big investors said no
2
Approval to the Retirement of Shri Uday M. Patil (DIN: 01186406) who retires by rotation and has not offered himself for re-appointment as a Director of the Company.
Backed by 100% of shareholders other than promotersneeded 50%
1.79 cr votes for, 4,850 against · 0% of mutual funds and other big investors said no
3
Appointment of Shri Nilesh Bhalchandra Patil (DIN: 08616943) as the Director of the Company.
Backed by 100% of shareholders other than promotersneeded 50%
1.79 cr votes for, 5,311 against · 0% of mutual funds and other big investors said no
4
Appointment of Shri Nilesh Bhalchandra Patil (DIN: 08616943) as the Whole-time Director of the Company
Backed by 100% of shareholders other than promotersneeded 50%
1.79 cr votes for, 5,311 against · 0% of mutual funds and other big investors said no
14
Aarti Drugs Limited Performance Stock Option Plan 2026 (PSOP 2026).
⚑ Passed only because promoters voted yes
Backed by 43% of shareholders other than promotersneeded 75%
76.36 L votes for, 1.03 cr against · 100% of mutual funds and other big investors said no
15
Grant of stock options under Aarti Drugs Limited Performance Stock Option Plan 2026 (PSOP 2026) to the Employees of the Subsidiary Companies, Group Companies and Associate Companies (Present or Future).
⚑ Passed only because promoters voted yes
Backed by 43% of shareholders other than promotersneeded 75%
76.36 L votes for, 1.03 cr against · 100% of mutual funds and other big investors said no

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 — 44 named members
owning 54.1% between them · as of 2026-09-30
PRAKASH MORESHWAR PATIL9.62%
HARSHIT MANILAL SAVLA4.73%
RASHESH CHANDRAKANT GOGRI4.64%
PRITI PRAKASH PATIL4.40%
SEEMA HARSHIT SAVLA3.83%
GOGRI FINSERV PVT. LTD.3.80%
HETAL GOGRI GALA3.05%
ANUSHAKTI ENTERPRISE PRIVATE LIMITED2.62%
Business done with them
FY2025 · 2 of the group
The company paid ₹14 cr to companies in the promoter group last year — about 0.6% of its ₹2,387 cr revenue.
Aarti Industries Ltd
Bought goods from them
₹13 cr
company paid
Aarti Life Science LLP
Other payments to them
also owns 0.01% of the company
₹96 L
company paid

The company also transacted with 15 other related parties — subsidiaries, joint ventures, directors and others — that we could not match by name to the promoter list above. Some may still be connected to the family; we only count the ones the filings let us match with certainty.

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.