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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.
Aarti Industries Limited is an India-based company, which is engaged in manufacturing and dealing in specialty chemicals and intermediates. The Company manufactures Benzene and Toluene-based downstream derivatives and Sulfuric acid products. It specializes in a range of…
Weekly engine runs — movement reflects the numbers, not analyst opinion.
A decent, stagnant business, reasonably priced.
Aarti Industries is scored on the general / industrial framework. It keeps a slim 5.0% of every rupee of sales as net profit. Those profits are backed by real cash — operating cash flow runs 1.86× reported profit. Free cash flow is worth about -2.3% of its market value.
Over the last 3 years revenue compounded at 8%/yr and profit at -8%/yr. Book value has grown 7%/yr. Return on equity is a modest 9.5%. In the latest quarter profit grew 9% versus the prior quarter.
At 38× earnings, the stock sits at the 31st percentile of its own 3.6-year range — the middle of where it has historically traded. Today's price implies ~13%/yr earnings growth for a decade. The books come through clean — a forensic grade of A, and Altman puts distress risk in the safe zone.
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 | 27.09 | — | — |
| P/B | 2.56 | 2.66 | better |
| EV/EBITDA | 14.29 | 9.95 | worse |
| ROE | 9.47 | — | — |
| ROCE | 8.39 | — | — |
| ROA | 4.16 | — | — |
| Quick Ratio | 0.49 | 2.26 | worse |
| Peer | P/E | P/B | ROE |
|---|---|---|---|
| Pidilite Industries | 59.1 | 14.3 | 23.9% |
| SRF | 32.3 | 4.8 | 14.9% |
| Linde India | 118.3 | 13.3 | 11.3% |
8% CAGR — growing but slowly.
Revenue is outpacing profit (8% vs -8%) — costs are rising faster than the top line.
Operating margin has compressed from 9% to 4% — costs or competition are eating into profitability. Margins have declined for 2 consecutive years — watch for a structural cost problem.
ROE at 7% — modest; the capital isn't working hard.
-8% EPS CAGR — this is the rate at which each share's claim on earnings is compounding.
Operating cash flow has been positive every year — the business generates real cash, not just accounting profit. Cash conversion at 1.9× PAT — earnings are well-backed by cash; strong accrual quality. Investing outflows exceed operating cash — the company relies on external funding to finance expansion.
When operating cash keeps pace with reported profit, earnings are cash-backed; a persistent shortfall is a quality flag.
Revenue rose 54% sequentially — momentum is building. Wide quarterly swings (40% spread) — likely seasonality, lumpy orders, or project-based revenue. Run-rate stepping up — recent quarters average 34% above earlier ones.
How today's P/E compares to the stock's own historical range. Dashed line = the 3.6y median.
Promoters at 41.8% — dispersed ownership; institutional flows drive the stock.
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.