On 6 Nov 2026, Aarti Surfactants was priced at ₹466.00, or 21.5× trailing earnings, against an industry P/E of 22.1×, and the shares are 31% below their 52-week high. Sales grew 13% a year over 3 years while net profit fell 1.0%; its ROCE of 9.2% is the lowest among the 7 largest Specialty Chemicals peers. Debt is 0.43× equity, and its dividend yield is 0.2%. It is a small-cap company with a market cap of ₹395 Cr, ranked 108th of 204 Specialty Chemicals companies by market cap; the shares rose 4.8% over the past year.
- ₹477.00
- ₹483.95
- ₹460.35
- ₹484.55
- 7.9K
Health check
- ReturnsBehind
+4.8% over a year, better than 2 of 7 peers.
- Price tagIn line
P/E 21.5 vs industry 22.1.
- GrowthSteady
Sales +12.6%, profit −1.0% a year over 3 years.
- ProfitabilityWeak
ROCE 9.2% vs peer median 24.4%.
- Balance sheetFair
Debt 0.43× equity, interest covered 2.4×, Piotroski 5 of 9.
- Red flags2 to check
Return on equity is low at 5.2%.
Small cap
Defensive
Key metrics
- Market cap
- ₹395 Cr
- Small cap
- P/E
- 21.5
- Industry 22.1
- Price to book
- 1.61
- Peers 13.33
- Dividend yield
- 0.21%
- ROE
- 5.2%
- Peers 23.0%
- ROCE
- 9.2%
- Peers 24.4%
- Debt to equity
- 0.43
- Debt ₹104 Cr
- EPS (TTM)
- ₹21.72
- Face value ₹10
- OPM (TTM)
- 6.1%
- Net margin 2.0%
- Sales growth
- +26.4%
- Latest quarter vs a year ago
- Profit growth
- +205.8%
- Latest quarter vs a year ago
- Price to sales
- 0.43
- EV/EBITDA 8.7
Strengths and risks
Strengths
- Quarterly profit up 205.8% on a year ago.
- Quarterly sales up 26.4% on a year ago.
- Positive operating cash flow in each of the last 4 years.
Risks to check
- Return on equity is low at 5.2%.
- 31% below its 52-week high.
About Aarti Surfactants
Aarti Surfactants Limited, together with its subsidiary, produces and sells ionic and non-ionic surfactants for the home and personal care, agro and oil, and industrial applications in India and internationally. The company offers surfactants, mild surfactants, rheology modifiers, pearlizing agents, UV filters, syndet and soap bases, and active ingredients, as well as conditioning agents, blends, proteins, and quats. It also provides blends,…
- Headquarters
- Mumbai
- Employees
- 393
- Sector
- Basic Materials
- ISIN
- INE09EO01013
- Website
- aarti-surfactants.com
Price range
- Avg volume (3M)
- 21.2K
- 1-year return
- plus 4.8%
- From 52-week high
- minus 31.2%
Peers · Specialty Chemicals
| Company | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| ASIANPAINTAsian Paints | 2,546.00 | plus 0.88% | 2,44,025 | 50.5 | 35.0 | 24.4% | 18.9% | 0.21 | 1.1% | plus 1.5% |
| SOLARINDSSolar Industries India | 18,608.00 | plus 0.48% | 1,68,384 | 74.4 | 64.1 | 29.5% | 27.8% | 0.22 | 12.4% | plus 35.9% |
| PIDILITINDPidilite Industries | 1,579.00 | plus 1.63% | 1,60,827 | 60.0 | 44.4 | 28.5% | 23.5% | 0.03 | 7.4% | plus 6.8% |
| LINDEINDIALinde India | 6,859.00 | plus 8.73% | 58,496 | 118.4 | 64.2 | 16.3% | 31.5% | 0.23 | – | plus 5.4% |
| BERGEPAINTBerger Paints India | 478.35 | minus 5.28% | 55,776 | 45.4 | 29.4 | 20.6% | 15.3% | 0.15 | 4.2% | minus 6.0% |
| FLUOROCHEMGujarat Fluorochemicals | 4,665.50 | minus 0.94% | 51,251 | 75.9 | 44.0 | 9.6% | 24.1% | 0.26 | −4.5% | plus 28.0% |
| ACUTAASAcutaas Chemicals | 3,786.60 | plus 0.42% | 31,001 | 70.9 | 64.1 | 27.7% | 39.4% | 0.01 | 29.4% | plus 105.6% |
| AARTISURFAarti Surfactants | 466.00 | minus 3.83% | 395 | 21.5 | 9.8 | 9.2% | 6.1% | 0.43 | 12.6% | plus 4.8% |
| Median of 7 peers | – | 0.48% | 58,496 | 70.9 | 44.4 | 24.4% | 24.1% | 0.21 | 5.8% | 6.8% |
Quarterly results
| ₹ Cr | Jun 25 | Sep 25 | Dec 25 | Mar 26 | Jun 26 |
|---|---|---|---|---|---|
| 216 | 179 | 208 | 256 | 273 | |
| 204 | 170 | 195 | 243 | 253 | |
| 11.6 | 9.3 | 12.7 | 13.2 | 20.3 | |
| 5.4% | 5.2% | 6.1% | 5.2% | 7.4% | |
| 0 | 0.1 | 0 | 0.2 | 0.2 | |
| 3.3 | 2.8 | 3.2 | 3.1 | 3.5 | |
| 4.3 | 4.4 | 4.5 | 4.5 | 4.7 | |
| 4 | 2.2 | 5.1 | 5.9 | 12.2 | |
| 27.2% | 29.1% | 28.3% | 28.8% | 26.2% | |
| 2.9 | 1.6 | 3.7 | 4.2 | 9 | |
| 3.47 | 1.84 | 4.32 | 4.94 | 10.62 |
Profit & loss
- Sales CAGR 3Y
- +12.6%
- Profit CAGR 3Y
- −1.0%
- EPS CAGR 3Y
- −4.0%
- ROE
- 5.2%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 597 | 586 | 649 | 853 | |
| – | minus 1.9% | +10.7% | +31.5% | |
| 549 | 522 | 606 | 806 | |
| 48 | 63.3 | 42.4 | 47.3 | |
| 8.0% | 10.8% | 6.5% | 5.5% | |
| −0 | −0.3 | 0.9 | −0.2 | |
| 14.7 | 14 | 11.5 | 12.2 | |
| 15.5 | 16 | 17.3 | 17.7 | |
| 0 | −0.9 | 6.2 | 0 | |
| 17.8 | 32.2 | 20.7 | 17.2 | |
| 28.6% | 33.7% | 29.7% | 28.3% | |
| 12.7 | 21.3 | 14.5 | 12.3 | |
| – | +67.9% | minus 31.8% | minus 15.1% | |
| 16.47 | 25.16 | 17.19 | 14.56 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 7.9 | 8.5 | 8.5 | 8.5 | |
| 160 | 210 | 224 | 236 | |
| 128 | 77.6 | 88.1 | 81.1 | |
| 107 | 127 | 156 | 191 | |
| 404 | 422 | 477 | 517 | |
| 215 | 215 | 216 | 240 | |
| 7.9 | 6.9 | 12.7 | 41 | |
| 2.2 | 2.9 | 3 | 3 | |
| 7.6 | 6.2 | 0.9 | 12.4 | |
| 171 | 191 | 245 | 220 | |
| 404 | 422 | 477 | 517 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 24.5 | 52 | 11.2 | 76.6 | |
| −10.7 | −16.2 | −16.2 | −45.6 | |
| −7.7 | −37.1 | −0.4 | −19.5 | |
| 6.2 | −1.4 | −5.4 | 11.5 | |
| −10.9 | −16.4 | −20.3 | −45.1 | |
| 13.7 | 35.6 | −9.1 | 31.5 | |
| −0 | −0 | – | −0.8 |
Shareholding pattern
NSE hasn’t returned a shareholding pattern for this company.
Major shareholders
Filings & events
News
No recent news coverage found.