Ardee Industries share price, P/E, ROE & financials

Ardee Industries (ARDEE) had a P/E of 16.9× on 6 Nov 2026, below the industry P/E of 25.1×, and the shares are 37% below their 52-week high. Sales and net profit grew 39% and 115% a year over 3 years; its ROCE of 76% is the highest among the 7 largest Metal Fabrication peers. Debt is 1.25× equity. It is a small-cap company with a market cap of ₹1,446 Cr, ranked 24th of 71 Metal Fabrication companies by market cap; the shares fell 32% over the past year.

As of 6 Nov 2026Prices are delayed about 15 minutes; fundamentals are from the quarter ended Jun 2026.How we calculate this

past year

Open: ₹47.25
Day high: ₹47.25
Day low: ₹45.50
Prev. close: ₹47.25
Volume: 7.4 L

Health check

3 good · 1 fair · 2 to check

ReturnsBehind
−31.7% over a year, better than 0 of 7 peers.
Price tagCheaper
P/E 16.9 vs industry 25.1.
GrowthStrong
Sales +39.4%, profit +114.6% a year over 3 years.
ProfitabilityStrong
ROCE 76.4% vs peer median 15.6%.
Balance sheetFair
Debt 1.25× equity, interest covered 9.6×, Piotroski 8 of 9.
Red flags1 to check
37% below its 52-week high.

Compared with 7 industry peers. Computed from reported figures. Educational, not a recommendation.

Metal Fabrication

70 listed peers. Screen the industry

Small cap

₹1,446 Cr, #24 of 71 in its industry by size.

Market sensitivity

Measuring against the NIFTY 50…

Key metrics

Last 12 months to Jun 2026: sales ₹1,168 Cr · profit ₹85 Cr

Market cap: ₹1,446 Cr; Small cap
P/E: 16.9; Industry 25.1
Price to book: 7.93; Peers 7.00
Dividend yield: 0.00%
ROE: 80.7%; Peers 8.6%
ROCE: 76.4%; Peers 15.6%
Debt to equity: 1.25; Debt ₹184 Cr
EPS (TTM): ₹2.72; Face value ₹2
OPM (TTM): 9.1%; Net margin 7.3%
Sales growth: +35.2%; Latest quarter vs a year ago
Profit growth: +6.0%; Latest quarter vs a year ago
Price to sales: 1.24; EV/EBITDA 9.1

Strengths

Return on equity of 80.7%.
Return on capital employed of 76.4%.
Quarterly sales up 35.2% on a year ago.
P/E of 16.9 against an industry P/E of 25.1.

Risks to check

37% below its 52-week high.

Derived automatically from reported figures. Not a recommendation.

About Ardee Industries

Ardee Industries Limited engages in the recovery and recycling of end-of-life energy storage products and non-ferrous scrap while claiming resources from waste streams. The company's products include pure lead and lead alloys comprising lead calcium, lead antimony, lead tin, lead silver, and lead cadmium alloys that applies in energy storage, e-mobility, automotive, chemical, and other industries. It operates in India, Singapore, Hong Kong, South Korea,…

Headquarters: New Delhi
Employees: 243
Sector: Industrials
ISIN: INE0XNF01022
Website: ardeeindustries.com

Price range

52 weeks

₹41.40₹73.19

Today

₹45.50₹47.25

Avg volume (3M): 62.6 L
1-year return: minus 31.7%
From 52-week high: minus 37.3%

Peers · Metal Fabrication

Compare with peers Screen the whole industry

Company
BHARATFORGBharat Forge	1,740.00	minus 0.74%	85,029	121.8	7.23	15.6%	6.7%	14.7%	9.7%	26.9%	0.49%	plus 32.3%
INDOMIMINDO-MIM	1,219.50	minus 3.93%	60,302	101.1	20.94	22.8%	21.3%	28.6%	15.8%	4.9%	0.00%	plus 64.4%
PTCILPTC Industries	24,335.00	plus 0.04%	38,564	290.6	23.73	7.9%	8.6%	24.6%	40.7%	57.8%	0.00%	plus 41.4%
ZETWERKZetwerk Manufacturing Businesses	164.89	minus 1.10%	27,937	–	−2.47	−13.0%	−36.0%	0.1%	56.9%	–	0.00%	plus 19.3%
HAPPYFORGEHappy Forgings	1,694.50	minus 10.00%	15,996	49.0	7.00	18.9%	15.2%	30.6%	9.8%	13.1%	0.24%	plus 85.8%
RKFORGERamkrishna Forgings	693.85	minus 4.25%	13,087	68.4	3.51	4.7%	5.6%	17.1%	10.5%	−33.9%	0.58%	plus 35.6%
GRAVITAGravita India	1,493.90	minus 0.07%	10,883	27.3	4.11	18.1%	16.2%	9.3%	14.9%	23.5%	0.52%	minus 15.4%
ARDEEArdee Industries	45.86	minus 2.94%	1,446	16.9	7.93	76.4%	80.7%	9.1%	39.4%	114.6%	0.00%	minus 31.7%
Median of 7 peers	–	−1.10%	27,937	84.7	7.00	15.6%	8.6%	17.1%	14.9%	18.3%	0.24%	35.6%

Quarterly results

Consolidated, ₹ crore

SalesSelect a row below to chart it

₹ Cr	Jun 25	Jun 26
	251	339
	217	305
	33.7	33.5
	13.4%	9.9%
	0.2	0.2
	5.6	4.3
	2.8	2.8
	25.4	26.7
	26.1%	25.4%
	18.8	19.9
	0.60	0.63

Sep 25, Dec 25, Mar 26 not reported by the data source.

Profit & loss

Yearly, ₹ crore

Sales CAGR 3Y: +39.4%
Profit CAGR 3Y: +114.6%
EPS CAGR 3Y: +114.6%
ROE: 80.7%

Net profitSelect a row below to chart it

Mar 2023	Mar 2024	Mar 2025	Mar 2026
411	456	720	1,113
–	+11.1%	+57.7%	+54.7%
389	434	668	1,008
21.8	21.8	51.5	105
5.3%	4.8%	7.2%	9.4%
−1.4	3.9	12	33.3
4.9	7.6	10.1	13.1
2.8	6.4	8.7	11.4
–	–	−0	−0.4
12.8	11.8	44.6	113
32.9%	24.0%	25.5%	25.0%
8.6	9	33.3	84.7
–	+4.5%	+271.6%	+154.5%
0.27	0.28	1.06	2.69

Forecast

Your assumptions, not a prediction

Balance sheet

At each financial year end, ₹ crore

Total assetsSelect a row below to chart it

Mar 2023	Mar 2024	Mar 2025	Mar 2026
3.2	3.2	3.2	51
17	26.1	59.4	96.4
80.9	142	166	184
6.9	24.4	33.7	32
108	196	262	363
42.3	58.8	72.2	79.4
2.9	13.4	5.6	7.7
0	1.9	0.2	14.1
62.8	122	184	262
108	196	262	363

Cash flow

Yearly, ₹ crore

Cash from operationsSelect a row below to chart it

Mar 2023	Mar 2024	Mar 2025	Mar 2026
−13.8	−25.3	7.8	29.8
−24.8	−27.2	−22.9	−19.8
37.8	54.4	13.3	3.8
−0.8	1.9	−1.7	13.9
−22	−20.5	−25.3	−12.4
−35.8	−45.8	−17.5	17.4

Shareholding pattern

Source: NSE filings

67.6%

promoters

Promoters67.62%
Public32.38%
As of 30 Sep 2026

Quarter	Split	Promoters	Public	Promoter change
30 Sep 2026		67.62%	32.38%	0.00
11 Aug 2026		67.62%	32.38%	–

Major shareholders

NSE filing

Filings & events

News

No recent news coverage found.

My notes

Private to you