As of 6 Nov 2026, Aartech Solonics trades at 28.2× trailing earnings, below the industry P/E of 30.0×, and the shares are 29% below their 52-week high. Its ROCE of 19% is the second-lowest among the 7 largest Electrical Equipment & Parts peers, and sales and net profit grew 24% and 41% a year over 3 years. Its dividend yield is 0.3%, and debt is 0.16× equity. It is a small-cap company with a market cap of ₹138 Cr, ranked 77th of 97 Electrical Equipment & Parts companies by market cap; the shares fell 19% over the past year.
- ₹44.69
- ₹44.69
- ₹43.00
- ₹44.06
- 36.2K
Health check
- ReturnsBehind
−19.2% over a year, better than 1 of 7 peers.
- Price tagIn line
P/E 28.2 vs industry 30.0.
- GrowthStrong
Sales +23.5%, profit +40.8% a year over 3 years.
- ProfitabilityAverage
ROCE 18.7% vs peer median 22.1%.
- Balance sheetFair
Debt 0.16× equity, interest covered 13.7×, Piotroski 4 of 9.
- Red flagsNone found
No warning signs in the headline numbers.
Small cap
Moves with the market
Key metrics
- Market cap
- ₹138 Cr
- Small cap
- P/E
- 28.2
- Industry 30.0
- Price to book
- 4.45
- Peers 7.24
- Dividend yield
- 0.29%
- ROE
- 11.9%
- Peers 18.0%
- ROCE
- 18.7%
- Peers 22.1%
- Debt to equity
- 0.16
- Debt ₹5.62 Cr
- EPS (TTM)
- ₹1.54
- Face value ₹5
- OPM (TTM)
- 14.1%
- Net margin 10.6%
- Sales growth
- +68.0%
- Latest quarter vs a year ago
- Profit growth
- +62.8%
- Latest quarter vs a year ago
- Price to sales
- 3.14
- EV/EBITDA 18.6
Strengths and risks
Strengths
- Quarterly profit up 62.8% on a year ago.
- Quarterly sales up 68.0% on a year ago.
About Aartech Solonics
Aartech Solonics Limited operates as a system solution oriented research and development enterprise in the field of specialized and selected energy appliances in India and internationally. The company offers BTS 2000, a fast bus transfer system; control and relay panels, including main and auxiliary relays, annunciation relays, fuses, switches, wiring, terminal blocks; kranking ultracapacitors, built for engine cranking tasks; CLIP fault current limiters;…
- Headquarters
- Bhopal
- Employees
- 76
- Sector
- Industrials
- ISIN
- INE01C001026
- Website
- aartechsolonics.com
Price range
- Avg volume (3M)
- 1.3 L
- 1-year return
- minus 19.2%
- From 52-week high
- minus 28.9%
Peers · Electrical Equipment & Parts
| Company | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| POWERINDIAHitachi Energy India | 27,800.00 | minus 1.42% | 1,23,911 | 107.7 | 95.3 | 24.9% | 16.1% | 0.02 | 22.2% | plus 37.9% |
| CGPOWERCG Power and Industrial Solutions | 773.00 | minus 4.43% | 1,21,785 | 88.6 | 72.5 | 19.3% | 13.1% | 0.02 | 21.2% | plus 8.2% |
| POLYCABPolycab India | 7,871.00 | plus 0.28% | 1,18,613 | 37.5 | 29.0 | 30.4% | 13.6% | 0.02 | 26.6% | plus 3.8% |
| HAVELLSHavells India | 1,128.00 | plus 5.61% | 70,789 | 42.6 | 30.0 | 22.1% | 9.1% | 0.02 | 9.9% | minus 28.1% |
| APARINDSApar Industries | 14,106.00 | minus 9.65% | 59,065 | 41.6 | 30.7 | 26.7% | 9.5% | 0.12 | 17.0% | plus 87.2% |
| KEIKEI Industries | 3,988.00 | minus 1.80% | 38,143 | 36.1 | 29.9 | 18.7% | 11.0% | 0.04 | 19.1% | plus 1.8% |
| HONAUTHoneywell Automation India | 30,080.00 | minus 0.79% | 26,613 | 47.0 | 35.7 | 15.7% | 13.8% | 0.02 | 10.9% | minus 17.5% |
| AARTECHAartech Solonics | 43.38 | minus 1.54% | 138 | 28.2 | 17.7 | 18.7% | 16.2% | 0.16 | 23.5% | minus 19.2% |
| Median of 7 peers | – | −1.42% | 70,789 | 42.6 | 30.7 | 22.1% | 13.1% | 0.02 | 19.1% | 3.8% |
Quarterly results
| ₹ Cr | Jun 25 | Sep 25 | Dec 25 | Mar 26 | Jun 26 |
|---|---|---|---|---|---|
| 4.3 | 11.7 | 7.4 | 17.5 | 7.3 | |
| 4.4 | 9.3 | 6 | 16 | 6.4 | |
| −0.1 | 2.4 | 1.4 | 1.5 | 0.9 | |
| −1.9% | 20.4% | 19.3% | 8.5% | 12.3% | |
| 1.4 | 0.3 | 1.2 | −0.7 | 1.6 | |
| 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | |
| 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | |
| – | – | −1.2 | 1.2 | – | |
| 1 | 2.4 | 1.1 | 1.6 | 2.2 | |
| 35.0% | 11.9% | 49.2% | 62.5% | 29.1% | |
| 1 | 2.2 | 0.6 | 0.7 | 1.6 | |
| 0.20 | 0.68 | 0.18 | 0.19 | 0.49 |
Profit & loss
- Sales CAGR 3Y
- +23.5%
- Profit CAGR 3Y
- +40.8%
- EPS CAGR 3Y
- +40.9%
- ROE
- 11.9%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 21.7 | 32.7 | 36.4 | 40.9 | |
| – | +51.0% | +11.0% | +12.5% | |
| 19.7 | 31.8 | 33.7 | 33.5 | |
| 1.9 | 0.9 | 2.7 | 7.4 | |
| 9.0% | 2.7% | 7.3% | 18.1% | |
| 0.6 | 0.1 | 3.6 | −0.7 | |
| 0.2 | 0.3 | 0.4 | 0.5 | |
| 0.4 | 0.5 | 0.5 | 0.5 | |
| 0.1 | 2.4 | −3.6 | 0.5 | |
| 2 | 2.6 | 1.7 | 6.2 | |
| 31.0% | 49.1% | −59.3% | 35.7% | |
| 1.4 | 1.3 | 2.8 | 4 | |
| – | minus 7.5% | +110.2% | +43.6% | |
| 0.45 | 0.41 | 0.87 | 1.25 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 10.6 | 10.6 | 15.9 | 15.9 | |
| 18.3 | 18.9 | 15.6 | 19.2 | |
| 2.8 | 4.2 | 5.6 | 5.6 | |
| 5.2 | 7.4 | 5.7 | 9.9 | |
| 36.8 | 41.1 | 42.8 | 50.6 | |
| 4.4 | 4.6 | 4.6 | 4.6 | |
| – | – | 0.1 | 0.2 | |
| 0.6 | 1 | 0.9 | 0.6 | |
| 7.4 | 11.4 | 14.1 | 12.4 | |
| 24.4 | 24.2 | 23.1 | 32.9 | |
| 36.8 | 41.1 | 42.8 | 50.6 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| −4.8 | 1.5 | −1.5 | −0.7 | |
| 3.8 | −0.9 | 1.3 | 2.7 | |
| 1.2 | 0.4 | 0.3 | −0.9 | |
| 0.2 | 1 | 0 | 1.1 | |
| −0.5 | −0.6 | −0.5 | −0.5 | |
| −5.3 | 0.9 | −2 | −1.2 | |
| −0.5 | −0.5 | −0.8 | −0.4 |
Shareholding pattern
- Promoters52.75%
- Public47.25%
| Quarter | Split | Promoters | Public | Promoter change |
|---|---|---|---|---|
| 30 Sep 2026 | 52.75% | 47.25% | 0.00 | |
| 30 Jun 2026 | 52.75% | 47.25% | 0.00 | |
| 31 Mar 2026 | 52.75% | 47.25% | 0.00 | |
| 31 Dec 2025 | 52.75% | 47.25% | plus 0.03 | |
| 30 Sep 2025 | 52.72% | 47.28% | – |
Major shareholders
Filings & events
News
No recent news coverage found.