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The BSE, founded in 1875, is Asia's oldest stock exchange — it started under a banyan tree on Dalal Street, where the bronze bull stands today.
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The BSE, founded in 1875, is Asia's oldest stock exchange — it started under a banyan tree on Dalal Street, where the bronze bull stands today.
The BSE, founded in 1875, is Asia's oldest stock exchange — it started under a banyan tree on Dalal Street, where the bronze bull stands today.
Aartech Solonics Limited is an India-based system solution-oriented research and development company in the field of specialized and selected energy appliances. It manufactures electrical items, control and relay panels, bus transfer systems, ultracapacitors, waste to compost…
Weekly engine runs — movement reflects the numbers, not analyst opinion.
A decent, fast-growing business, trading cheap versus its own history — but flagged on governance.
AARTECH SOLONICS LIMITED is scored on the commodity / cyclical framework. It keeps a slim 9.4% of every rupee of sales as net profit. Cash conversion lags the reported profit (CFO/PAT -0.19×) — worth a closer look. Free cash flow is worth about 1.4% of its market value.
Over the last 3 years revenue compounded at 21%/yr and profit at 41%/yr. Book value has grown 7%/yr. Return on equity is a modest 11.5%. In the latest quarter profit grew 154% versus the prior quarter.
At 35× earnings, the stock sits at the 10th percentile of its own 3.3-year range — the cheap end of where it has historically traded. Today's price implies ~14%/yr earnings growth for a decade. The forensic screen raises a red flag: Only ₹-0.59 of cash per ₹1 profit over 4 years — earnings not converting to cash.
A plain-English restatement of the figures on this page — rules-based, for education and research context, not investment advice or a recommendation.
| Ratio | Company | Sector | Read |
|---|---|---|---|
| P/E | 28.19 | 26.37 | worse |
| P/B | 3.93 | 6.26 | better |
| EV/EBITDA | 16.4 | 18.09 | better |
| ROE | 11.53 | 6.99 | better |
| ROCE | 16.96 | 11.64 | better |
| ROA | 9.66 | — | — |
| Quick Ratio | 2.13 | 1.61 | better |
| Peer | P/E | P/B | ROE |
|---|---|---|---|
| BHEL | 50.7 | 5.5 | 10.8% |
| ABB India | 70.7 | 47.9 | 22.4% |
| CG Power | 89.3 | 13.9 | 15.7% |
Revenue has grown every year across all 4 financial years shown. 21% CAGR over 3 years — high-growth territory.
Profit is growing faster than revenue (41% vs 21%) — margin expansion is at work. The latest year saw a +44% swing — check if it's a one-off or structural.
Operating margin has expanded from 9% to 15% — the business is keeping more of each rupee earned. The gap between operating and net margin is widening — interest or tax costs are rising. Margins have declined for 2 consecutive years — watch for a structural cost problem.
ROE at 11% — modest; the capital isn't working hard. Capital efficiency improving — ROE up 6pp across the window.
Profit grew faster than EPS (41% vs -2%) — share dilution is eroding per-share value. -2% EPS CAGR — this is the rate at which each share's claim on earnings is compounding.
3 of 4 years had negative operating cash flow — profitability on paper may not translate to cash.
When operating cash keeps pace with reported profit, earnings are cash-backed; a persistent shortfall is a quality flag.
Revenue fell 47% QoQ — could be seasonality or a genuine slowdown. Wide quarterly swings (54% spread) — likely seasonality, lumpy orders, or project-based revenue. Run-rate stepping up — recent quarters average 31% above earlier ones.
Profit jumped 154% QoQ — check if this is operating leverage or a one-off item.
How today's P/E compares to the stock's own historical range. Dashed line = the 3.3y median.
Promoter holding at 52.8% — majority control intact.
Produced by a rules-based engine over licensed exchange fundamentals — every sentence above is derived from the numbers shown, no analyst or AI opinion involved. Education and research context, not investment advice. We are not SEBI-registered as an Investment Adviser or Research Analyst.