Aarti Industries Limited

BSE:524208 Stock Report

Market Cap: ₹177.0b

Aarti Industries Future Growth

Future criteria checks 4/6

Aarti Industries is forecast to grow earnings and revenue by 24.6% and 13.4% per annum respectively. EPS is expected to grow by 24.6% per annum. Return on equity is forecast to be 11.5% in 3 years.

Key information

24.6%

Earnings growth rate

24.57%

EPS growth rate

Chemicals earnings growth18.3%
Revenue growth rate13.4%
Future return on equity11.50%
Analyst coverage

Good

Last updated03 Jun 2026

Recent future growth updates

Recent updates

Narrative Update • Jun 16

524208: Backward Integration And Upcoming Board Decisions Will Support Long Term Prospects

Aarti Industries' analyst fair value estimate has been updated from ₹497.86 to ₹526.09, with analysts pointing to adjusted assumptions on discount rate, revenue growth, profit margin and future P/E as the key drivers behind the revised target. What’s in the News for Aarti Industries A board meeting of Aarti Industries is scheduled for May 4, 2026, to consider and approve the audited financial results for the quarter ended March 31, 2026.
Narrative Update • Jun 02

524208: Long Term Supply Deals Will Support Margins While Shares Remain Exposed

Analysts have nudged their fair value estimate for Aarti Industries up from about ₹399.79 to roughly ₹415.45, citing updated assumptions around revenue growth, profit margins, and future P/E expectations. What's in the News A Board Meeting is scheduled for May 4, 2026, to consider and approve audited financial results for the quarter ended March 31, 2026, and audited financial statements for the full financial year ended March 31, 2026.
Narrative Update • May 08

524208: Long Term Supply Deals Will Support Margins But Leave Shares Vulnerable

Analysts have raised Aarti Industries' fair value estimate from ₹381.83 to ₹399.79, citing updated assumptions for the discount rate, revenue growth, profit margin and future P/E. What's in the News A Board meeting is scheduled for May 4, 2026, to consider and approve audited financial results for the quarter and year ended March 31, 2026, and to consider a dividend for FY2025-26 (Key Developments).
Narrative Update • Apr 23

524208: Supply Agreements And Backward Integration Will Support Steady Long Term Prospects

The analyst price target for Aarti Industries has been adjusted slightly from about ₹500.00 to about ₹497.86. Analysts attribute this change to updated fair value estimates, a refined discount rate, steady revenue growth assumptions, a marginally higher profit margin, and a similar forward P/E expectation.
Narrative Update • Apr 08

524208: Long Term Supply Deals And Integration Plans Will Guide Fair Outlook

Analysts have lifted their price target on Aarti Industries slightly to ₹381.83 from ₹378.03. They pointed to updated assumptions around revenue growth, profit margins and future P/E expectations as key inputs behind the revision.
Narrative Update • Mar 24

524208: Long Term Supply Deals And Backward Integration Will Support A More Constructive Outlook

Analysts have inched up their price target for Aarti Industries to ₹499.95 from ₹499.29, citing refined assumptions around discount rate, revenue growth, profit margin, and future P/E as key drivers of the revision. What's in the News Aarti Industries entered into a multi-year supply agreement with a top global agrochemical company for a critical intermediate used in crop protection formulations, running through March 31, 2030, and structured as a long-term contract.
Narrative Update • Mar 10

524208: Future Supply Contracts And Earnings Review Will Shape Fair Outlook

Analysts have raised their price target for Aarti Industries from ₹330.00 to about ₹378.03. This change reflects updated assumptions around discount rates, profit margins and future P/E levels.
Narrative Update • Feb 23

524208: Supply Contracts And Upcoming Results Will Drive A More Constructive Outlook

Aarti Industries' analyst price target has shifted slightly higher from about ₹495.95 to roughly ₹499.29, as analysts factor in updated assumptions around discount rates, revenue growth, profit margins and future P/E expectations. What's in the News Aarti Industries has scheduled a board meeting on Feb 2, 2026 to consider and approve the unaudited standalone and consolidated financial results for the quarter and nine months ended Dec 31, 2025 (company filing).
Narrative Update • Feb 09

524208: Supply Contracts And Upcoming Results Will Shape A More Balanced Outlook

Analysts have lifted their fair value estimate for Aarti Industries from ₹458.23 to ₹495.95, citing updated assumptions around the discount rate, revenue growth, profit margin, and future P/E expectations. What's in the News Aarti Industries has scheduled a board meeting on Feb 2, 2026, to consider and approve its unaudited standalone and consolidated financial results for the quarter and nine months ended Dec 31, 2025 (company filing).
Narrative Update • Jan 25

524208: Long Term Feedstock Contracts Will Support Future Margin Stability And Upside

Narrative update on Aarti Industries price target The analyst price target for Aarti Industries has been adjusted slightly higher to ₹599.07 from ₹598.56 as analysts refine their assumptions around revenue, profit margins and future P/E expectations. What’s in the News Board meeting scheduled on Nov 06, 2025 to review unaudited financial results for the quarter and half year ended Sep 30, 2025, along with the statement of assets and liabilities, cash flow statement and limited review report.
Narrative Update • Jan 10

524208: Long Term Feedstock Contracts Will Support Future Margin Stability And Upside

Analysts have maintained their fair value estimate for Aarti Industries at ₹598.56. The updated price target reflects slightly adjusted assumptions for the discount rate, revenue growth and profit margin, while keeping the future P/E expectation broadly similar.
Narrative Update • Dec 26

524208: Long Term Feedstock Contracts Will Support Future Margin Stability And Upside

Analysts have marginally raised their price target on Aarti Industries to ₹598.56, citing slightly higher expected revenue growth and profit margins, partly offset by a modestly lower future P/E multiple and discount rate. What's in the News Aarti Industries has secured multiple long term supply contracts for key feedstock chemicals Methanol and Toluene with leading manufacturers and suppliers across GCC countries and South East Asia, enhancing raw material security and supply predictability (company announcement).
Narrative Update • Dec 12

524208: Future Margin Improvement And Upcoming Results Will Support Bullish Outlook

Analysts have trimmed their price target on Aarti Industries slightly from ₹621 to ₹599, citing tempered expectations for revenue growth and valuation multiples, partly offset by a modest improvement in the profit margin outlook. What's in the News The board meeting is scheduled for November 06, 2025, at 11:30 Indian Standard Time to review unaudited financial results for the quarter and half year ended September 30, 2025 (company filing).
Narrative Update • Aug 06

Capacity Expansions And Greener Chemistries Will Shape The Chemical Future

Despite an improved consensus revenue growth outlook and a marginally lower future P/E, analysts have reduced their fair value estimate for Aarti Industries, with the price target decreasing from ₹493.14 to ₹467.09. What's in the News Board meeting scheduled to consider and approve audited financial results for the quarter ended June 30, 2025.
User avatar
New Narrative • Jan 24

Expansion And Partnerships Will Unlock Future Opportunities In Sunrise Chemical Sectors

Expansion in chemical chains and strategic alliances are enhancing production efficiency and opening new revenue streams for long-term growth.

Earnings and Revenue Growth Forecasts

BSE:524208 - Analysts future estimates and past financials data (INR Millions)
DateRevenueEarningsFree Cash FlowCash from OpAvg. No. Analysts
3/31/2029124,5488,6638,33216,6246
3/31/2028110,7937,4187,52614,16018
3/31/202797,2155,3334,35211,25219
3/31/202682,8604,190-3,4307,810N/A
12/31/202580,2933,779N/AN/AN/A
9/30/202575,6832,9091,27014,329N/A
6/30/202570,9532,369N/AN/AN/A
3/31/202572,7133,309-1,44012,419N/A
12/31/202470,9533,665N/AN/AN/A
9/30/202469,8634,455-5,3928,859N/A
6/30/202468,1334,835N/AN/AN/A
3/31/202463,7084,165-1,18512,096N/A
12/31/202362,5564,332N/AN/AN/A
9/30/202361,9064,4524,46517,708N/A
6/30/202364,2164,792N/AN/AN/A
3/31/202366,1865,452-7613,187N/A
12/31/202273,1416,636N/AN/AN/A
9/30/202277,22612,523-2,96810,945N/A
6/30/202276,55213,314N/AN/AN/A
3/31/202260,85511,857-6,4685,187N/A
12/31/202164,53712,496N/AN/AN/A
9/30/202152,6456,423-7,7296,326N/A
6/30/202148,8556,065N/AN/AN/A
3/31/202145,0615,235-4,4218,727N/A
12/31/202043,7294,979N/AN/AN/A
9/30/202042,6984,725-1,9609,738N/A
6/30/202040,8524,798N/AN/AN/A
3/31/202041,8635,361-51211,021N/A
12/31/201944,0125,592N/AN/AN/A
9/30/201944,5885,530N/A8,853N/A
6/30/201946,1155,177N/AN/AN/A
3/31/201941,6764,917N/A7,362N/A
3/31/201838,0613,330N/A3,349N/A
3/31/201731,6353,158N/A4,701N/A
3/31/201630,1002,569N/A5,736N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: 524208's forecast earnings growth (24.6% per year) is above the savings rate (6.9%).

Earnings vs Market: 524208's earnings (24.6% per year) are forecast to grow faster than the Indian market (16.3% per year).

High Growth Earnings: 524208's earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: 524208's revenue (13.4% per year) is forecast to grow faster than the Indian market (11% per year).

High Growth Revenue: 524208's revenue (13.4% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: 524208's Return on Equity is forecast to be low in 3 years time (11.5%).

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/07/06 17:14
End of Day Share Price 2026/07/06 00:00
Earnings2026/03/31
Annual Earnings2026/03/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Aarti Industries Limited is covered by 36 analysts. 21 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
null null360 ONE Capital Market Private Limited
Kumar Saumya SinghAmbit Capital
Nitin BhasinAmbit Capital