AARTISURFCommodities

Aarti Surfactants Limited

Specialty Chemicals · ISIN INE09EO01013 · BSE 543210 · NSE BE · FV ₹10
Last price
₹525
+5.00%today
What this company does

Aarti Surfactants Limited operates in Specialty Chemicals, part of the Commodities sector. It booked ₹273 cr of revenue in its latest quarter (Q1 FY27) and kept 3.3% of sales as profit.

63out of 100
Equitytale Health Score
Mixed

Healthier than 63% of companies in Commodities, on all six measures of filed financials. Each measure is ranked against the 43–173 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)
52

At close. Not part of the score.

Profitability & returns57

How much profit it earns on the money it employs

Balance sheet36

How much it owes, and whether earnings cover the interest

Cash quality85

Whether reported profit actually arrives as cash

Growth & consistency78

Whether sales and profit have grown, and how steadily

Valuation45

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
Sales up 26% vs last year
Profit up 206% vs last year
Promoters hold 50%
No promoter shares pledged
Turns profit into real cash
Watch-outs
! Thin 3.3% net margin

What if I invest in AARTISURF?

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 15% a year, it would become
₹26.30 lakh

The slider starts at 15%, taken from this company's own free-cash-flow trend. That is history, not a forecast — 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 We do not publish price targets or predict returns.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
₹525 +5.00%
latest close · 2026-09-17
1-year return
-62.3%
52-wk low ₹37452-wk high ₹1,704
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 ratio12.4Low
LowAverageHigh
P/B ratio1.82Moderate
Below bookModerateHigh
EV / EBITDA6.6Low
LowAverageHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity14.7%Fair
WeakFairStrong ▸15%
Return on capital19.7%Strong
WeakFairStrong
Net margin3.3%Thin
ThinDecentStrong
EBITDA margin7.5%Thin
ThinDecentHealthy
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity0.42Comfortable
LowModerateHigh ▸1
Interest cover4.5×Okay
RiskyOkayStrong ▸5×
Current ratio1.32Healthy
Tight ◂1HealthyAmple
More figures
Market cap
₹446 cr
Book value
₹289
EPS
₹10.63
latest quarter
Net debt
₹91 cr
owes more than its cash
Enterprise value
₹536 cr
EBITDA
₹82 cr
annualised
EBIT
₹63 cr
annualised
Operating margin
5.8%
Return on assets
7.0%
Earnings yield
8.09%
P/S
0.41
Sales / share
₹1,286.7
Tax rate
26.2%
Face value
₹10
Shares
0.8 cr
Working capital
₹64 cr
Current assets
₹262 cr
Current liabilities
₹198 cr
Delivery %
56.7%
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 ₹349 vs market price ₹525 — price is 51% above it
Safety cushion-50.5%(target ≥ +20%)
Models span ₹325₹373, midpoint ₹349
Model ₹349
Price ₹525
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₹273 cr
Other Income₹16.8 L
Total Income₹273 cr
Cost of Materials₹229 cr
Purchases of Stock-in-Trade₹0 cr
Inventory Change (±)₹-5 cr
Employee Benefit Expense₹6 cr
Finance Costs₹4 cr
Depreciation & Amortisation₹5 cr
Other Expenses₹23 cr
Total Expenses₹261 cr
Profit before Tax₹12 cr
Tax Expense₹3 cr
Net Profit₹9 cr
Net margin on total income3.3%
Where the money goes · Q1 FY27
% of total income
Materials + stock-in-trade₹224 cr82.1%
Employee benefit expense₹6 cr2.2%
Finance costs₹4 cr1.3%
Depreciation & amortisation₹5 cr1.7%
Other expenses₹23 cr8.3%
Tax expense₹3 cr1.2%
Profit for the period₹9 cr3.3%
Total income ₹273 cradds up to ₹100 ✓
Quarterly results · consolidated (₹ cr)
MetricQ3 FY26Q4 FY26Q1 FY27
Revenue208 cr256 cr273 cr
Total income208 cr256 cr273 cr
Expenses203 cr251 cr261 cr
Profit before tax5 cr6 cr12 cr
Tax1 cr2 cr3 cr
Net profit (owners' share)4 cr4 cr9 cr
Net margin (owners' share, on revenue)1.8%1.6%3.3%
EPS (₹)4.324.9510.63
YoY (latest quarter): total income +26.4% · net profit +205.8%
Balance sheet & cash flow · as of Mar 2026
Low debt
Total assets
₹517 cr
Shareholder equity
₹245 cr
parent shareholders
Total debt
₹103 cr
Cash
₹12 cr
Cash flow · H1 FY26
Operating
₹22 cr
Investing
₹-24 cr
Financing
₹2 cr
Peer comparison
Specialty Chemicals · by market value
CompanyPriceMarket capP/E
Pidilite Industries Limited₹1,552₹1.58 L cr45.3
Gujarat Fluorochemicals Limited₹4,472₹49,190 cr55.4
Navin Fluorine International Limited₹8,220₹42,169 cr43.3
Deepak Nitrite Limited₹1,605₹21,889 cr15.9
Aether Industries Limited₹1,623₹21,543 cr85.1
Atul Limited₹6,134₹18,057 cr18.4
Aarti Industries Limited₹477₹17,287 cr27.9
Fine Organic Industries Limited₹5,202₹15,949 cr28.9
BASF India Limited₹3,602₹15,591 cr11.2
Same industry · latest reported numbers · not a recommendation.
Corporate actions
Dividend yield
trailing 12 months
Dividend / share (TTM)
Last dividend
₹1
ex 16 Sep 2025
ActionDetailEx-date
Dividend₹1 / share16 Sep 2025
Rights issue17:217 Jan 2023
Dividend₹3 / share2 Aug 2021
Who owns it · 2026-06-30
No pledge
Promoter
49.8%
FII / Foreign
0.1%
DII / Domestic
0.0%
Retail / others
50.1%
Smart-money activity
Insider trades
SoldJaya Chandrakant Gogri · Promoter Group4,49211 Mar 22
BoughtIndira Madan Dedhia · Promoter Group4,49211 Mar 22
SoldJaya Chandrakant Gogri · Promoter Group70,000 · ₹7.3 cr3 Dec 21
Bulk / block deals
SoldGRAVITON RESEARCH CAPITAL LLP · NSE49,875 @ ₹885.3118 Sep 24
BoughtGRAVITON RESEARCH CAPITAL LLP · NSE49,875 @ ₹885.2718 Sep 24
BoughtNK SECURITIES RESEARCH PRIVATE LIMITED · NSE52,433 @ ₹854.217 Sep 24
Stake changes
BoughtNikhil Holdings private Ltd · promoter→ 14.87% · 2.50 L5 Sep 24
BoughtNikhil Holdings private Ltd · promoter→ 14.87% · 2.50 L5 Sep 24
BoughtNikhil Holdings Private Limited alongwith PAC · promoter→ 11.59% · 4.29 L9 Feb 23
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 · 23 Sep 2025
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, 2025, together with the Reports of the Board of Directors’ and the Auditors’ thereon
Backed by 100% of shareholders other than promotersneeded 50%
3.28 L votes for, 21 against
2
To declare dividend @ 10% i.e. Re. 1/- (Rupee One Only) per Equity Share for the year ended March 31, 2025.
Backed by 100% of shareholders other than promotersneeded 50%
3.28 L votes for, 24 against
3
To appoint a director in place of Mr. Santosh M. Kakade (DIN: 08505234), who retires by rotation and being eligible, offers himself for re-appointment.
Backed by 100% of shareholders other than promotersneeded 50%
3.27 L votes for, 1,301 against
4
To approve the revision in terms of appointment pertaining to remuneration of Mr. Nikhil P. Desai (DIN: 01660649), as CEO & Managing Director of the Company.
Backed by 100% of shareholders other than promotersneeded 75%
3.28 L votes for, 523 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 — 20 named members
owning 49.8% between them · as of 2026-06-30
Nikhil Holdings Private Limited14.85%
Jaya Chandrakant Gogri13.60%
Rashesh Chandrakant Gogri4.53%
Nikhil Parimal Desai3.13%
Hetal Gogri Gala3.09%
Anushakti Enterprise Private Limited2.94%
Indira Madan Dedhia1.70%
Parimal Hasmukhlal Desai1.41%

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.