AARTIPHARMHealthcare

Aarti Pharmalabs Limited

Pharmaceuticals · ISIN INE0LRU01027 · BSE 543748 · NSE EQ · FV ₹5
Last price
₹927
+0.71%today
What this company does

Aarti Pharmalabs Limited operates in Pharmaceuticals, part of the Healthcare sector. It booked ₹610 cr of revenue in its latest quarter (Q2 FY27) and kept 11.3% of sales as profit.

48out of 100
Equitytale Health Score
Mixed

Healthier than 48% 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)
57

At close. Not part of the score.

Profitability & returns52

How much profit it earns on the money it employs

Balance sheet33

How much it owes, and whether earnings cover the interest

Cash quality59

Whether reported profit actually arrives as cash

Growth & consistency33

Whether sales and profit have grown, and how steadily

Valuation61

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

Governance & risk51

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 46% vs last year
✓ Profit up 141% vs last year
✓ Turns profit into real cash
Watch-outs
! 12.0% of promoter stake pledged

What if I invest in AARTIPHARM?

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 We do not publish price targets or predict returns.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
₹927▲ +0.71%
latest close · 2026-11-04
52-wk low ₹65174 sessions so far52-wk high ₹1,002
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 ratio29.4Average
LowAverageHigh
P/B ratio3.73High
Below bookModerateHigh
EV / EBITDA17.3High
LowAverageHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity12.2%Fair
WeakFairStrong ▸15%
Return on capital15.6%Strong
WeakFairStrong
Net margin11.3%Decent
ThinDecentStrong
EBITDA margin21.9%Healthy
ThinDecentHealthy
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity0.37Comfortable
LowModerateHigh ▸1
Interest cover6.9×Strong
RiskyOkayStrong ▸5×
Current ratio1.40Healthy
Tight ◂1HealthyAmple
More figures
Market cap
₹8,401 cr
Book value
₹249
EPS
₹7.88
latest quarter
Net debt
₹832 cr
owes more than its cash
Enterprise value
₹9,234 cr
EBITDA
₹534 cr
annualised
EBIT
₹412 cr
annualised
Operating margin
16.9%
Return on assets
7.2%
Earnings yield
3.40%
P/S
3.44
Sales / share
₹269.3
Tax rate
26.7%
Face value
₹5
Shares
9.1 cr
Working capital
₹477 cr
Current assets
₹1,657 cr
Current liabilities
₹1,179 cr
Delivery %
45.2%
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 ₹161–₹356, midpoint ₹183

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₹610 cr
Other Income₹46.6 L
Total Income₹611 cr
Cost of Materials₹335 cr
Purchases of Stock-in-Trade₹18 cr
Inventory Change (±)₹-54 cr
Employee Benefit Expense₹55 cr
Finance Costs₹15 cr
Depreciation & Amortisation₹31 cr
Other Expenses₹122 cr
Total Expenses₹521 cr
Exceptional Items₹-2 cr
Profit before Tax₹88 cr
Tax Expense₹24 cr
Share of JV / Associates₹7 cr
Net Profit₹71 cr
Net margin on total income11.7%
Where the money goes · Q2 FY27
% of total income
Materials + stock-in-trade₹299 cr48.5%
Employee benefit expense₹55 cr8.9%
Finance costs₹15 cr2.4%
Depreciation & amortisation₹31 cr5.0%
Other expenses₹122 cr19.8%
Tax expense₹24 cr3.8%
Profit for the period₹71 cr11.6%
Total income ₹611 cradds up to ₹100 ✓
Quarterly results · consolidated (₹ cr)
MetricQ4 FY26Q1 FY27Q2 FY27
Revenue583 cr536 cr610 cr
Total income591 cr536 cr611 cr
Expenses515 cr443 cr521 cr
Profit before tax76 cr94 cr88 cr
Tax21 cr25 cr24 cr
Net profit (owners' share)61 cr76 cr69 cr
Net margin (owners' share, on revenue)10.5%14.2%11.3%
EPS (₹)6.748.407.88
YoY (latest quarter): total income +46.0% · net profit +141.3%
Balance sheet & cash flow · as of Sep 2026
Low debt
Total assets
₹3,826 cr
Shareholder equity
₹2,255 cr
parent shareholders
Total debt
₹836 cr
Cash
₹4 cr
Cash flow · H1 FY27
Operating
₹30 cr
Investing
₹-131 cr
Financing
₹97 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
0.38%
trailing 12 months
Dividend / share (TTM)
₹3.5
Last dividend
₹2
ex 15 Sep 2026
ActionDetailEx-date
Dividend₹2 / share15 Sep 2026
Dividend₹1.5 / share16 Feb 2026
Dividend₹2.5 / share15 Sep 2025
Dividend₹2.5 / share14 Feb 2025
Dividend₹1 / share31 Jul 2024
Dividend₹2 / share16 Feb 2024
Who owns it · 2026-09-30
⚑ 12.0% pledged
Promoter
39.7%
FII / Foreign
8.2%
DII / Domestic
8.4%
Retail / others
43.8%
Promoter stake down 6.8% over the last 12 quarters.
Smart-money activity
Insider trades
SoldRAJENDRA VALLABHAJI GOGRI · Promoter3.89 L · ₹31.8 cr21 Sep 26
SoldGloire Trusteeship Services Private Limited · Promoter Group3.98 L · ₹32.5 cr21 Sep 26
SoldRelacion Trusteeship Services Private Limited · Promoter3.80 L · ₹31.1 cr21 Sep 26
Bulk / block deals
short— · NSE35 Oct 26
BoughtUNIFI CAPITAL PRIVATE LIMITED · NSE9.15 L @ ₹82021 Sep 26
SoldJASMINE FAMILY TRUST · NSE6.28 L @ ₹820.0218 Sep 26
Stake changes
SoldGLOIRE TRUSTEESHIP SERVICES PVT. LTD. (LOTUS FAMILY TRUST) · promoter→ 0.00% · 6.25 L21 Sep 26
SoldSAFECHEM ENTERPRISES PRIVATE LIMITED · promoter→ 0.92% · 6.30 L19 Sep 25
SoldOrchid Family Trust and Other Promoters and Promoter Group · promoter→ 0.96% · 7.83 L26 Dec 24
Promoter pledges
PledgedBajaj Financial Securities Limited26.17 L · 0.00% held25 Mar 26
PledgedBajaj Finance Securities Ltd6.00 L · 0.00% held25 Mar 26
What shareholders were asked to approve
4 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 · 22 Sep 2026
See the official result
1
To receive, consider and adopt the Audited Standalone and Consolidated Financial Statements for the financial year ended March 31, 2026 together with the Reports of the Board of Directors and Auditors’ thereon
Backed by 100% of shareholders other than promotersneeded 50%
1.83 cr votes for, 228 against · 0% of mutual funds and other big investors said no
2
To declare a final dividend of ₹ 2/- (Rupees Two only) per Equity Share of Face Value of ₹ 5/- each for the financial year ended March 31, 2026
Backed by 100% of shareholders other than promotersneeded 50%
1.83 cr votes for, 4,528 against · 0% of mutual funds and other big investors said no
3
Shri Rajendra Gogri (DIN: 00061003), Director liable to retire by rotation at this 7th Annual General Meeting, who has not offered himself for re-appointment upon expiry of his term, be not re-appointed as a Director of the Company and the vacancy, so created on the Board of Directors of the Company, be not filled.
Backed by 100% of shareholders other than promotersneeded 50%
1.83 cr votes for, 17,791 against · 0% of mutual funds and other big investors said no
4
To ratify remuneration payable to the Cost Auditors of the Company for the financial year ending March 31, 2027.
Backed by 100% of shareholders other than promotersneeded 50%
1.83 cr votes for, 243 against · 0% of mutual funds and other big investors said no
5
To approve change in designation of Smt. Hetal Gogri Gala (DIN: 00005499) from Managing Director to Whole-time Director of the Company with effect from October 1, 2026.
⚑ Passed only because promoters voted yes
Backed by 68% of shareholders other than promotersneeded 75%
1.25 cr votes for, 58.41 L against · 48% of mutual funds and other big investors said no
6
Appointment of Shri. Rashesh C. Gogri (DIN:00066291) as the Managing Director pursuant to change in his designation from Non-Executive Director to Managing Director of the Company with effect from October 1, 2026
⚑ Passed only because promoters voted yes
Backed by 70% of shareholders other than promotersneeded 75%
1.28 cr votes for, 55.43 L against · 45% 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 — 50 named members
owning 39.7% between them · as of 2026-09-30
Rashesh Chandrakant Gogri4.23%
Jaya Chandrakant Gogri3.53%
Anushakti Enterprise Private Limited3.30%
LABDHI BUSINESS TRUST(Saswat Trusteeship Private Limited)3.13%
Hetal Gogri Gala3.11%
Mirik Rajendra Gogri3.07%
Renil Rajendra Gogri2.80%
Sarla Shantilal Shah2.69%
Business done with them
FY2026 · 1 of the group
The company paid ₹54 cr to companies in the promoter group last year — about 2.9% of its ₹1,819 cr revenue and received ₹3 cr back from them.
Valiant Organics Limited
Other payments to them
also owns 0.01% of the company
₹28 cr
company paid
Valiant Organics Limited
Contribution made to them
also owns 0.01% of the company
₹15 cr
company paid
Valiant Organics Limited
Bought goods from them
also owns 0.01% of the company
₹10 cr
company paid
Valiant Organics Limited
Sold goods to them
also owns 0.01% of the company
₹2 cr
company received
Valiant Organics Limited
Other income from them
also owns 0.01% of the company
₹97.8 L
company received

The company also transacted with 19 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.