Aarey Drugs & Pharmaceuticals (AAREYDRUGS) had a P/E of 73.3× on 6 Nov 2026, above the industry P/E of 28.7×. Sales and net profit grew 4.5% and 1.7% a year over 3 years; its ROCE of 6.6% is the lowest among the 7 largest Drug Manufacturers (Specialty & Generic) peers. Debt is 0.40× equity. It is a small-cap company with a market cap of ₹343 Cr, ranked 86th of 154 Drug Manufacturers (Specialty & Generic) companies by market cap; the shares rose 11% over the past year.
- ₹105.15
- ₹108.57
- ₹105.15
- ₹109.38
- 47.7K
Health check
- ReturnsBehind
+11.4% over a year, better than 2 of 7 peers.
- Price tagPricier
P/E 73.3 vs industry 28.7.
- GrowthSlow
Sales +4.5%, profit +1.7% a year over 3 years.
- ProfitabilityWeak
ROCE 6.6% vs peer median 17.9%.
- Balance sheetFair
Debt 0.40× equity, interest covered 2.2×, Piotroski 7 of 9.
- Red flags5 to check
Return on equity is low at 2.7%.
Small cap
High beta
Key metrics
- Market cap
- ₹343 Cr
- Small cap
- P/E
- 73.3
- Industry 28.7
- Price to book
- 2.04
- Peers 4.99
- Dividend yield
- 0.00%
- ROE
- 2.7%
- Peers 14.7%
- ROCE
- 6.6%
- Peers 17.9%
- Debt to equity
- 0.40
- Debt ₹61 Cr
- EPS (TTM)
- ₹1.47
- Face value ₹10
- OPM (TTM)
- 1.6%
- Net margin 0.9%
- Sales growth
- −56.3%
- Latest quarter vs a year ago
- Profit growth
- −25.3%
- Latest quarter vs a year ago
- Price to sales
- 0.83
- EV/EBITDA 54.6
Strengths and risks
Risks to check
- Return on equity is low at 2.7%.
- Quarterly profit down 25.3% on a year ago.
- Quarterly sales down 56.3% on a year ago.
- P/E of 73.3 against an industry P/E of 28.7.
- Interest coverage of only 1.6×.
About Aarey Drugs & Pharmaceuticals
Aarey Drugs & Pharmaceuticals Limited manufactures and sells active pharmaceutical ingredients, intermediates, and specialty chemicals for various industrial applications in India. The company offers intermediates, including mono methyl urea, di methyl urea, ortho para nitro anisole, 2-bromomethyl-1,3-dioxolane, and uracil. It also provides active pharmaceutical ingredients, such as metformin HCl, mefenamic acid, and doxofylline. In addition, the company…
- Headquarters
- Mumbai
- Sector
- Healthcare
- ISIN
- INE198H01019
- Website
- aareydrugs.com
Price range
- Avg volume (3M)
- 2.2 L
- 1-year return
- plus 11.4%
- From 52-week high
- minus 6.2%
Peers · Drug Manufacturers - Specialty & Generic
| Company | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| SUNPHARMASun Pharmaceutical Industries | 1,860.00 | plus 1.69% | 4,46,276 | 40.7 | 4.99 | 17.9% | 13.1% | 28.2% | 10.4% | 10.6% | 0.87% | plus 8.2% |
| DIVISLABDivi's Laboratories | 10,320.50 | plus 1.78% | 2,73,977 | 93.6 | 16.35 | 19.0% | 16.2% | 34.9% | 11.0% | 12.1% | 0.30% | plus 49.0% |
| TORNTPHARMTorrent Pharmaceuticals | 4,750.00 | plus 0.85% | 1,80,675 | 80.2 | 9.83 | 9.1% | 15.7% | 33.7% | 13.3% | 20.2% | 0.81% | plus 31.7% |
| LAURUSLABSLaurus Labs | 2,340.00 | minus 0.26% | 1,26,433 | 94.4 | 20.86 | 19.5% | 24.0% | 30.4% | 3.8% | 4.0% | 0.09% | plus 138.6% |
| ZYDUSLIFEZydus Lifesciences | 1,197.90 | plus 0.41% | 1,19,491 | 28.6 | 4.29 | 19.0% | 14.7% | 26.2% | 16.5% | 37.0% | 0.08% | plus 22.8% |
| DRREDDYDr. Reddy's Laboratories | 1,373.00 | plus 0.51% | 1,14,462 | 40.9 | 2.96 | 14.2% | 7.3% | 15.9% | 11.0% | −1.7% | 0.59% | plus 13.8% |
| CIPLACipla | 1,411.00 | plus 0.49% | 1,13,993 | 39.4 | 3.22 | 14.9% | 8.3% | 17.3% | 7.2% | 11.5% | 0.93% | minus 6.6% |
| AAREYDRUGSAarey Drugs & Pharmaceuticals | 107.72 | minus 1.52% | 343 | 73.3 | 2.04 | 6.6% | 2.7% | 1.6% | 4.5% | 1.7% | 0.00% | plus 11.4% |
| Median of 7 peers | – | 0.51% | 1,26,433 | 40.9 | 4.99 | 17.9% | 14.7% | 28.2% | 11.0% | 11.5% | 0.59% | 22.8% |
Quarterly results
| ₹ Cr | Jun 25 | Sep 25 | Dec 25 | Mar 26 | Jun 26 |
|---|---|---|---|---|---|
| 102 | 84.2 | 96.4 | 189 | 44.6 | |
| 101 | 81.5 | 97.9 | 185 | 43.3 | |
| 1.7 | 2.6 | −1.5 | 4.3 | 1.3 | |
| 1.7% | 3.1% | −1.6% | 2.3% | 3.0% | |
| 1.5 | 0.8 | 4.2 | −0.4 | 1.7 | |
| 1 | 1.3 | 0.9 | 1.8 | 1.7 | |
| 0.5 | 0.7 | 0.8 | 0.8 | 0.9 | |
| 1.7 | 1.5 | 0.9 | 1.3 | 0.5 | |
| 20.7% | 30.9% | 38.3% | −21.7% | −98.5% | |
| 1.4 | 1 | 0.6 | 1.6 | 1 | |
| 0.48 | 0.36 | 0.20 | 0.55 | 0.36 |
Profit & loss
- Sales CAGR 3Y
- +4.5%
- Profit CAGR 3Y
- +1.7%
- EPS CAGR 3Y
- −2.3%
- ROE
- 2.7%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 413 | 395 | 472 | 471 | |
| – | minus 4.3% | +19.6% | minus 0.3% | |
| 409 | 391 | 469 | 464 | |
| 3.6 | 4.5 | 3 | 7.2 | |
| 0.9% | 1.1% | 0.6% | 1.5% | |
| 6.7 | 6.8 | 9 | 5.7 | |
| 2.6 | 4.3 | 3.9 | 4.6 | |
| 1.6 | 1.7 | 1.9 | 2.9 | |
| −0 | −0 | 0 | 0 | |
| 6 | 5.3 | 6.1 | 5.4 | |
| 37.3% | 12.3% | 34.1% | 26.7% | |
| 3.8 | 4.7 | 4 | 4 | |
| – | +24.2% | minus 14.1% | minus 1.4% | |
| 1.49 | 1.84 | 1.41 | 1.39 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 25.4 | 28.1 | 28.5 | 28.5 | |
| 92 | 105 | 110 | 122 | |
| 37.7 | 31.4 | 34.9 | 50 | |
| 136 | 139 | 117 | 96.9 | |
| 291 | 303 | 291 | 297 | |
| 13.9 | 13 | 15.6 | 25.6 | |
| – | – | – | 8.1 | |
| 0.4 | 1.4 | 2.1 | 3 | |
| 1.1 | 2.9 | 3.2 | 3.4 | |
| 276 | 286 | 270 | 257 | |
| 291 | 303 | 291 | 297 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| −1.3 | −3 | 10.3 | 10.1 | |
| 0.4 | −1.7 | −5.9 | −12.4 | |
| 1.4 | 5.6 | −4.5 | 2.2 | |
| 0.5 | 0.9 | −0.1 | −0.1 | |
| −1 | −0.7 | −5.2 | −12.4 | |
| −2.3 | −3.7 | 5.1 | −2.3 |
Shareholding pattern
NSE hasn’t returned a shareholding pattern for this company. Institutions hold about 1.8% (Yahoo estimate).
Major shareholders
Filings & events
News
No recent news coverage found.