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Aarti Surfactants Ltd (AARTISURF)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 543210 NSE: AARTISURF Household & Personal Products | Small Cap | Aarti Surfactants Share Price

₹379.70 -0.40 (-0.11%)

As on 02-Jul'26 16:59

Aarti Surfactants Ltd (AARTISURF)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 543210 NSE: AARTISURF Household & Personal Products | Small Cap | Aarti Surfactants Share Price

₹379.70 -0.40 (-0.11%)

As on 02-Jul'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹322 Cr.
Current Price
₹379.7
52-Week Low / High
₹318 / 590
TTM EPS
₹15
TTM Sales
₹859 Cr.
Book Value per Share
₹291.4
P/E Ratio
25.37
Lower than its 5-year historical median
Industry PE
47.8
Price to Book (P/B)
1.30
Lower than its 5-year historical median
Price to Sales (P/S)
0.37
Lower than its 5-year historical median
EV/EBITDA
8.69
Lower than its 5-year historical median
Dividend Yield
0.26%
Profitability Efficiency
Return on Equity (ROE)
6.61%
Underperforms industry median
Return on Capital Employed (ROCE)
9.92%
In line with industry median
Return on Assets (ROA)
3.32%
Operating Profit Margin
6.4%
Net Profit Margin
2.27%
Gross Profit Margin
5.2%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Improving versus 3-year growth rate
11.74%
Operating Profit Growth (1 Year)
Slowing versus 3-year growth rate
-33.14%
Net Profit Growth (1 Year)
Slowing versus 3-year growth rate
-32.69%
Asset Quality
Promoter Holding
49.87%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹238 Cr.
Equity
₹8.5 Cr.
Face Value
₹10
All Time Low / High
₹219.15 / 1856.65

Aarti Surfactants stock performance

Key Ratios
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Quality

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Valuation

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Price Trend

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Q.1 Is Aarti Surfactants Ltd a good quality company?
Aarti Surfactants Ltd is a weak quality company, based on a inconsistent multi-year financial track record.

This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.

We have analysed the performance of the company on the following:

  • How has it performed on generating Profits?

    By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.

  • How efficiently has it utilized Capital?

    By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.

  • How is it managing its Debt?

    By checking its Debt to Equity and Cash Flow from Operations.

How does Aarti Surfactants Ltd performance compare with that of its Peers?
Q.1 Revenue growth of Aarti Surfactants Ltd vs industry peers?
Aarti Surfactants Ltd revenue CAGR is 15.13%, compared to the industry median CAGR of 2.59%, indicating faster growth and gaining its market share.
Q.1 Promoter shareholding and pledge status of Aarti Surfactants Ltd?
Promoters hold 49.87% of the Aarti Surfactants Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Stock return of Aarti Surfactants Ltd over the last decade?
Over the last 5 year(s), the stock has delivered a CAGR of -24.22% based on the current price.

10 Year X-Ray : Login to view analysis.

Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Aarti Surfactants Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
ROCE % 0%0%0%-1.5%5.9%13.2%6.9%10.6%14.9%9.9%-
Value Creation
Index
NANANA-1.1-0.6-0.1-0.5-0.20.1-0.3-

Growth Parameters

Sales 000264326466576601590659859
Sales YoY Gr.-NANANA23.3%42.9%23.6%4.5%-1.9%11.7%-
Adj EPS 000-1,278.62.628.17.11526.311.515
YoY Gr.-NANANANA984.9%-74.6%109.5%75.6%-56.3%-
BVPS (₹) 00025,077.2144.1172.3176.5211.7259276.7291.4
Adj Net
Profit
000-6.5221.65.512.722.39.713
Cash Flow from Ops. 000-12.718.135.523.424.35211.3-
Debt/CF from Ops. 000-7.664.36.96.11.99.6-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales NA15.1%4.6%11.7%
Adj EPS NA34.7%17.2%-56.3%
BVPSNA13.9%16.2%6.8%
Share Price - -22.8% -14.8% -32.5%

Key Financial Parameters

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity %
000-4.81.617.84.18.311.54.35.3
Op. Profit
Mgn %
00027.29.85.67.910.76.45.5
Net Profit
Mgn %
000-2.50.64.712.13.81.51.5
Debt to
Equity
0000.811.21.20.90.40.50.2
Working Cap
Days
000011410611211011812754
Cash Conv.
Cycle
000055383341546014

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Sales264326466576601590659
Operating Expenses + 259302420543554527617
Manufacturing Costs45333734343736
Material Costs197247351456474447534
Employee Cost 11141618171820
Other Costs 681636282526
Operating Profit 5244632486342
Operating Profit Margin (%) 2.0%7.2%9.8%5.6%7.9%10.7%6.4%
Other Income + 0000003
Exceptional Items 0000004
Interest 2101011151412
Depreciation 9111212151617
Profit Before Tax -63239183321
Tax 01145116
Profit After Tax -62226132215
PAT Margin (%) -2.5%0.6%4.7%1.0%2.1%3.8%2.3%
Adjusted EPS (₹)-1,276.42.728.17.116.026.317.7
Dividend Payout Ratio (%)0%0%10.50%0%0%0%5.60%

Valuation of Aarti Surfactants - Standalone

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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Analyst's Notes

data not found
No data found!

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25

Equity and Liabilities

Shareholders Fund + 127111133136168219234
Share Capital 0888888
Reserves 127103125128160211226
Debt +971091461551237188
Long Term Debt304980105734828
Short Term Debt67606550502360
Minority Interest0000000
Trade Payables38197870576792
Others Liabilities 18233041556665
Total Liabilities 280262387402404423479

Fixed Assets

Net Fixed Assets +138151187173204206201
Gross Block197221268248294310323
Accumulated Depreciation5969817590105122
CWIP 41420487713
Investments 31000556
Inventories535673757799134
Trade Receivables31185454657076
Cash Equivalents 0071861
Others Assets 23224651383047
Total Assets 280262387402404423479

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity + -13183623245211
PBT -63239183317
Adjustment 11212223292920
Changes in Working Capital -18-6-10-7-20-4-20
Tax Paid -000-2-2-7-5
Cash Flow From Investing Activity + -28-2-60-23-11-16-16
Capex -28-25-60-18-11-16-20
Net Investments 0230000-0
Others 0-00-50-04
Cash Flow From Financing Activity + 41-1632-6-8-37-0
Net Proceeds from Shares 000019290
Net Proceeds from Borrowing 3003724-13-26-26
Interest Paid -2-10-10-13-14-13-11
Dividend Paid 000-2-0-00
Others 13-65-15-0-2736
Net Cash Flow 007-56-1-5

Financial Ratio

PARTICULARSMar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)-5.091.7617.774.18.3611.56.61
ROCE (%)-1.535.8513.236.8710.614.889.92
Asset Turnover Ratio1.111.21.441.461.491.431.46
PAT to CFO Conversion(x)N/A91.643.831.852.360.73
Working Capital Days
Receivable Days35.9027.2028.4034.5036.4041.9040.50
Inventory Days61.9061.2050.8046.9046.2054.6064.70
Payable Days71.2042.6050.6059.4048.9050.8054.40

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Aarti Surfactants Ltd FAQs

The current trading price of Aarti Surfactants on 02-Jul-2026 16:59 is ₹379.7.

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 01-Jul-2026 the market cap of Aarti Surfactants stood at ₹321.6 Cr

The latest P/E ratio of Aarti Surfactants as of 01-Jul-2026 is 25.37.

The latest P/B ratio of Aarti Surfactants as of 01-Jul-2026 is 1.30.

The 52-week high of Aarti Surfactants is ₹590.0 and the 52-week low is ₹317.6.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Aarti Surfactants is ₹859 ( Cr.) .

Past 10 year’s financial track record analysis by Moneyworks4me indicates that Aarti Surfactants Ltd is a below average quality company.

The key valuation ratios of Aarti Surfactants Ltd's currently when compared to its past seem to suggest it is in the Undervalued zone.

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Aarti Surfactants Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.

About Aarti Surfactants Ltd

Aarti Surfactants Limited is a renowned supplier of innovative and high-quality specialty surfactants. The company produces both ionic as well as anionic specialty surfactants that find applications in industries such as Home & Personal Care, Agro and Oil industries, and Industrial Applications, among others. It has created a distinctive identity for itself in the global markets backed by its diversified product portfolio customised as per its clients’ needs

The company has established two state-of-the-art manufacturing facilities - one situated at Pithampur, Madhya Pradesh, and the other at Silvassa, Dadra and Nagar Haveli.

Business area of the company

The company is one of the leading producers of ionic and non-ionic surfactants and specialty products, serving Home & Personal Care, Industrial Applications, Agro and Oil industries in India and overseas and meeting the ever-changing market dynamics.

Product Group
  • Surfactant
  • Pearlizing Agents
  • Blends
  • Preservatives
  • Mild Surfactants
  • Sun Care
Market Segments
  • Baby Care
  • Oral Care
  • Hair Care
  • Home Care
  • Industrial Application
  • Skin and Personal Care
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About MoneyWorks4Me

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