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Aarti Industries Ltd share Price Today

Company details

702.75
716.30
438.00
769.25
6M Return 23.48%
1Y Return 36.65%
Mkt Cap.(Cr) 25,676.16
Volume 1,219,834
Div Yield 0.14%
OI
-
OI Chg %
-
Volume 1,219,834

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Margins affected by inflationary headwinds…
About The Stock

    Established in 1984 by first generation technocrat Rajendra Gogri, Aarti Industries is a leading benzene-based speciality chemical company globally.

    • The company primarily operates in two segments – speciality chemicals (84%) and pharma (14%). Pharma is further divided into APIs, intermediates and xanthine derivatives
    • Aarti ranks among the top five globally for 75% of its portfolio. Its 200+ products are sold to 700+ domestic and 400+ export customers across the globe in 60 countries with a major presence in the US, Europe and Japan
Q1FY23 Results

    Numbers were higher on revenue front while margins got compressed owing to higher RMAT cost.

    • Total revenues grew by 49.8% YoY to ₹ 1972 crore. Speciality business recorded 46% YoY growth to ₹ 1765.6 crore while Pharma business recorded 30% YoY growth to ₹ 407.3 crore.
    • Gross margins contracted 936 bps YoY to ~44.3% while EBITDA margin declined 511 bps YoY to 18.7%, due to higher RMAT cost (+80% YoY).
    • Adjusted EBITDA was up 17.7% YoY to ₹ 369.3 crore.
    • Adjusted PAT increased 14.7% YoY to ₹ 189 crore.

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Specialty Chemicals company Aarti Industries announced Q4FY23 & FY23 results:

  • Q4FY23:
    • Revenues of Rs 1,826 crore; an increase of 11.2% over Q4FY22
    • EBITDA of Rs 252 crore; a decrease of 3.8% over Q4FY22
    • PAT of Rs 149 crore; an increase of 2.1% over Q4FY22
  • FY23:
    • Revenues of Rs 7,283 crore; an increase of 25.1% over FY22
    • EBITDA of Rs 1,089 crore; a increase of 18.5% over FY22
    • PAT of Rs 545 crore in FY23

Commenting on the performance for Q4FY23, Rajendra Gogri – Chairman & MD at Aarti Industries said: “Financial Year 2023 was a challenging period for the industry guided by unfolding of several material events including Russia-Ukraine conflict, the inflationary surge in input prices & energy costs and slowing demand in few developed markets. Given this backdrop, we reported resilient performance and are glad to have concluded the year on a high with EBITDA of close to Rs 1,100 crore, as guided previously. Despite the challenges due to the pandemic, external market-linked disruptions, supply chain issues, inflationary costs, etc faced in the last five years, our chemical EBIDTA grew from Rs 534 crore in FY18 to Rs 1,089 crore in FY23. This more than 2x growth in EBIDTA is a testament to our robust and resilient business model and our ability to steer onto the growth journey in the most challenging periods.

Our aspiration of driving growth in a sustained and responsible manner, while being future-ready to capitalise on upcoming market opportunities forms the bedrock of success. All our expansion initiatives remain intact. We have operationalized the two speciality chemical process blocks in Q4 FY23. Our other key projects will be commissioned in a phased manner over the next two years as guided earlier. Our focus is to create new chemical value chains and introduce high-potential products to elevate our leadership position within the chosen chemistries. This will result in significant volume growth from the current year FY24 and meaningful accretion to both revenues and earnings, as guided earlier.

We firmly believe that this is a ‘Golden Decade’ for the Indian Chemical industry and our teams are working relentlessly on building scale for select high-potential opportunities backed by our inherent strengths and expertise. Over several years, AIL had been pioneering in introducing various products and chemistries in India and also put India into the Global Market. Our future plans for Chloro-toluene and downstream is one more addition to AIL introducing a newer range of products and complex chemistry for the first time in India and will benefit from the opportunities for import substitution and export opportunities for global markets. Our ability to adapt to the changing market conditions and commitment to delivering quality products and services to our customers has been the cornerstone of our success. As we look ahead, we remain optimistic and are confident of demonstrating sustained earnings growth thereby augmenting value for all our stakeholders.”

 

 

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Aarti Industries Ltd shares SWOT Analysis

Strengths (6)

  • Strong Momentum: Price above short, medium and long term moving averages
  • Growth in Net Profit with increasing Profit Margin (QoQ)
  • Increasing Revenue every quarter for the past 3 quarters

Weakness (9)

  • Promoters increased pledged shares QoQ
  • Negative profit growth, promoters decreasing shareholding QoQ
  • Inefficient use of capital to generate profits - RoCE declining in the last 2 years

Opportunity (1)

  • RSI indicating price strength

Threats (2)

  • Promoter decreasing their shareholding
  • High PE (PE > 40)

Resistance and support

R1 715.5
R2 722.7
R3 729.0
Pivot

709.12

S1 701.9
S2 695.6
S3 688.4
EMA SMA
666.4
665.7
655.4
628.3
648.9
680.3
671.6
606.0
Delivery and volume
CLIENT NAME DEAL TYPE ACTION DATE AVG. PRICE QUANTITY EXCHANGE
ISHARES CORE MSCI EMERGING MARKETS ETF Block Purchase 2022-11-14 715.8 422258 NSE
ISHARES CORE EMERGING MARKETS MAURITIUS CO Block Sell 2022-11-14 715.8 422258 NSE
ISHARES CORE MSCI EMERGING MARKETS ETF Block Purchase 2022-11-03 723.8 422259 BSE
Name Category Shares
Rashesh Chandrakant Gogri PROMOTER 4.09%
Renil Rajendra Gogri PROMOTER 3.08%
Mirik Rajendra Gogri PROMOTER 3.08%
Hetal Gogri Gala PROMOTER 2.75%
Jaya Chandrakant Gogri PROMOTER 2.7%
Sarla Shantilal Shah PROMOTER 2.65%
Rajendra Vallabhaji Gogri PROMOTER 1.57%
Nehal Garewal PROMOTER 1.08%
Nikhil Parimal Desai PROMOTER 0.83%
Aarnav Rashesh Gogri PROMOTER 0.66%
Aashay Rashesh Gogri PROMOTER 0.61%
Manisha Rashesh Gogri PROMOTER 0.61%
Arti Rajendra Gogri PROMOTER 0.52%
Anushakti Enterprise Private Limited PROMOTER 2.75%
LABDHI BUSINESS TRUST (Saswat Trusteeship Private Limited) PROMOTER 2.54%
ORCHID FAMILY TRUST (Relacion Trusteeship Services Private Limited) PROMOTER 1.82%
TULIP FAMILY TRUST (Gloire Trusteeship Services Private Limited) PROMOTER 1.82%
Safechem Enterprises Private Limited PROMOTER 1.61%
Heena Family Private Trust (Barclays Wealth Trustees India Private Limited) PROMOTER 0.92%
Bhavna Family Private Trust (Barclays Wealth Trustees India Pvt Ltd) PROMOTER 0.89%
JASMINE FAMILY TRUST (Relacion Trusteeship Services Private Limited) PROMOTER 0.76%
Alchemie Financial Services Limited PROMOTER 0.74%
LOTUS FAMILY TRUST (Gloire Trusteeship Services Private Limited) PROMOTER 0.69%
MANOMAYA BUSINESS TRUST (Alabhya Trusteeship Private Limited) PROMOTER 0.66%

OUR RESEARCH VIEW

Investment recommendation
Margins affected by inflationary headwinds…
Call Date
12 Aug 2022
Entry Price 819.00
Target Price 885.00
Duration
12-18 Month

FINANCIALS

Sales
Operating Profit
Profit after Tax
Equity
Reserves and Surplus
Debt
Sales
Operating Profit
Profit after Tax
PE
Debt/Equity
P BV

Aarti Industries Ltd Stocks COMPARISON

Financials( in Cr) Aarti Industries Ltd Pidilite Industries Ltd SRF Ltd Linde India Ltd Gujarat Fluorochemicals Ltd
Price 708.30 3,144.45 2,460.05 8,362.20 3,377.60
% Change -0.59 0.38 -1.57 -4 -0.51
Mcap Cr 25,676.16 159,929.56 72,922.03 71,316.19 37,102.94
Revenue TTM Cr 6,618.58 11,799.10 13,138.52 3,135.52 5,684.66
Net Profit TTM Cr 545.23 1,288.87 1,335.71 538.06 1,323.05
PE TTM 61.65 89.74 54.77 164.24 85.30
1 Year Return 36.65 17.40 2.25 92.22 7.26
ROCE 10.14 24.24 12.52 16.29 29.38
ROE 11.56 18.93 12.25 14.70 27.07
INSIDER & INSTITUTIONAL ACTIVITY

Equity Capital: 4,920.08 Cr FV: 5.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 37,632.06 8,630.44
LAST 3M 107,380.98 -14,987.35
LAST 6M 184,073.87 -1,796.10
LAST 12M 295,969.92 99,991.16

Aarti Industries Ltd Information

Stock PE (TTM)
61.65
Promoter Holding
43.43%
Book Value
145.9364
ROCE
10.14%
ROE
11.56%
Description
  • Aarti Industries Ltd. is an Indian mid-cap corporation with a global presence that specialises in pharmaceutical and speciality chemicals production. It is valued at Rs 32,899 crores on the stock exchange. The company was founded on September 28, 1984, under the name Aarti Organics Ltd, but was later renamed Aarti Industries Ltd in 1994-95. Some of the preeminent names on the company's promoter list include Chandrakant V. Gogri, Shantilal T. Shah, and Rajendra V. Gogri. The company's remarkable performance is evidenced by its financials, which stood at Rs. 772 crores in the December quarter of the financial year 2021-22. Aarti Industries Ltd. shares trades under the scrip name of AARTIIND on both the Bombay Stock Exchange as well as the National Stock Exchange. 

    The product segment of Aarti Industries is currently divided into three categories: personal care, pharmaceuticals, and speciality chemicals. Its product portfolio comprises more than 200 products. Currently, the company operates 17 manufacturing facilities, the majority of which are in Western India. It also has three research and development facilities. The company's major source of revenue is speciality chemicals, which accounts for 78% of the total sales. The remaining 22% comes from sales of pharmaceuticals (15%) and home and personal care (7%) products. The company exports its goods to more than 60 countries, with Japan, China, the United States, and Europe being the most important markets.

    Now let's have a look at the financials of Aarti Industries. The company's net income and revenue have outperformed the industry average during the last five years. During this time, the company's market share has also increased considerably. When comparing the December quarter income with the remaining two quarters of the financial year 2021-22, there is a major growth in the profit figure. The net income in the second quarter stood at 176.11 crores, but it increased by 596.38 crores in the third quarter.

    On 29th March 2022, intraday closure, the Aarti Industries share price closed at Rs. 922.35. The Aarti Ind. share price saw a major fluctuation in the last twelve months.  The 52-week high and low of the Aarti share price was reported at Rs. 1,105.25 and Rs. 655.05, respectively. The company's leading competitors are Gujarat Fluorochemicals Ltd., Vinati Organics Ltd., and Navin Fluorine International Ltd.

    Disclaimer:- ICICI Securities Ltd. (I-Sec). Registered office of I-Sec is at ICICI Securities Ltd. - ICICI Venture House, Appasaheb Marathe Marg, Prabhadevi, Mumbai - 400 025, India, Tel No : 022 - 6807 7100. I-Sec is a Member of National Stock Exchange of India Ltd (Member Code :07730), BSE Ltd (Member Code :103) and Member of Multi Commodity Exchange of India Ltd. (Member Code: 56250) and having SEBI registration no. INZ000183631. Name of the Compliance officer (broking): Mr. Anoop Goyal, Contact number: 022-40701000, E-mail address: complianceofficer@icicisecurities.com. Investment in securities market are subject to market risks, read all the related documents carefully before investing. The contents herein above shall not be considered as an invitation or persuasion to trade or invest.  I-Sec and affiliates accept no liabilities for any loss or damage of any kind arising out of any actions taken in reliance thereon. The contents herein above are solely for informational purpose and may not be used or considered as an offer document or solicitation of offer to buy or sell or subscribe for securities or other financial instruments or any other product. Investors should consult their financial advisers whether the product is suitable for them before taking any decision. The contents herein mentioned are solely for informational and educational purpose.

Registered Address

Plot Nos 801 801/23, GIDC Estate Phase III, VAPI, Gujarat, 396195

Tel : 91-2638-55976666/25918195
Email : investorrelations:aarti-industries.com
Website : http://www.aarti-industries.com
Registrar

Sharepro Services

AGM Date (Month) : Aug
Face Value Equity Shares : 5
Market Lot Equity Shares : 1
BSE Code : 524208
NSE Code : AARTIIND
Book Closure Date (Month) :
BSE Group : A
ISIN : INE769A01020

FAQ’s on Aarti Industries Ltd Shares

You can buy Aarti Industries Ltd shares through a brokerage firm. ICICIdirect is a registered broker through which you can place orders to buy Aarti Industries Ltd Share.

Company share prices and volatile and keep changing according to the market conditions. As of Jun 21, 2024 03:59 PM the closing price of Aarti Industries Ltd was Rs.708.30.

The latest PE ratio of Aarti Industries Ltd as of Jun 21, 2024 03:59 PM is 61.65

The latest PB ratio of Aarti Industries Ltd as of Jun 21, 2024 03:59 PM is 0.21

The 52-week high of Aarti Industries Ltd share price is Rs. 769.25 while the 52-week low is Rs. 438.00

According to analyst recommendations, Aarti Industries Ltd Share has a "Buy" rating for the long term.

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of Jun 21, 2024 03:59 PM, the market cap of Aarti Industries Ltd stood at Rs. 25,676.16 Cr.

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