| Revenue growth | 12% YoY in FY26. |
|---|---|
| Margins | EBITDA margins pressured by competition and raw material costs. |
| Order book | Signed $150mn supply contract and 15-year backward integration deal. |
| Demand visibility | Recovering demand in agrochemicals and polymers. |
| Management confidence | High on long-term recovery and strategic JVs. |
Growth
FY26 Revenue rose 12% to ₹9018 Cr; EBITDA grew 15% to ₹1172 Cr. Volumes increased by over 30% YoY.
Outlook
Capex-led EBITDA growth of ₹300-450 Cr targeted by FY28. Key projects like Zone 4 and JVs to commission in FY27.
Risks
US penalty tariffs (50%), geopolitical conflicts in West Asia and India-Pakistan, and Chinese competition impacting PDA margins.
Last quarter's promises, checked
Delivered
- FY27 Capex guidance ₹700-800 Cr → ₹180 Cr deployed in Q1 (On Track)
- Fuel additives capacity expansion to 360 KTPA → Completed (BEAT)
- Augene JV commissioning in Q2FY27 → Commissioning activities ongoing (BEAT)
Partly delivered
- Steady-state JV revenue ₹300-400 Cr → Maintained range but ramp-up speed uncertain (PARTIAL)
- EBITDA run rate maintenance → Volume growth seen but margin dependent on macro volatility (PARTIAL)
Missed
- Zone 4 project timeline → Delayed 3-6 months due to labor/war (MISS)
Investor Presentation filed with BSE, NSE: AARTIIND. Summary written with AI assistance from the document.
Aarti Industries Ltd: key numbers
- Share price
- ₹481.15
- Market cap
- ₹17,453 Cr
- Revenue (annual)
- ₹8,286 Cr
- Net profit (annual)
- ₹419.1 Cr
- P/E (TTM)
- 32.9×Sector 37.2×
- Promoter holding
- 41.82%-0.27% QoQ
- FII holding
- 7.00%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
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