Aarti Surfactants Ltd.

AARTISURFNSEFast Moving Consumer GoodsHousehold & Personal ProductsSmall Cap

₹386.7

▼ 0.28%

loading…

Composite

The company is one of the leading producers of ionic and non-ionic surfactants and specialty products, serving Home & Personal Care, Industrial Applications, Agro and Oil industries in India and overseas and meeting the ever-changing market dynamics.

www.aarti-surfactants.comSector: Fast Moving Consumer GoodsIndustry: Household & Personal Products

Q-DITS fundamental score

44Composite

Growth

Profitability

Valuation

Quality

Solvency

Earnings

100

Key metrics

MCap

₹329 Cr

TTM PE

26.7x

Industry PE

37.3x

TTM EPS

₹14.57

Book Value

₹289.14

Face Value

₹10

Div Yield

0.26%

PEG

-27.8x

1.5x

ROE

6.5%

ROCE

9.8%

EBITDA mgn

6.9%

D/E

0.47

Int. Cover

2.8x

Curr. Ratio

1.35x

EPS

₹17.2

Growth — CAGR across horizons

Metric	1Y	3Y	5Y	10Y
Net Sales	30.4%	12.6%	13%	—
EBITDA	11.8%	-0.6%	0.6%	—
Net Profit	6.5%	-1%	-10.6%	—

Score snapshot

Piotroski

4/9

Altman Z

2.14

Quality

33.5

Growth

Valuation

Earn. Qual

100

PEAD

SURGE

Loading price data…

Loading delivery data…

Revenue, profitability & returns

Revenue & Net Profit (₹ Cr)

RevenueNet Profit

Margins (%)

EBITDA%PAT%

Return ratios (%)

ROEROCEROA

Annual financials — last 6 years

Tap a row to expand the full chart

Metric	2020	2021	2022	2023	2024	2025
›RevenueCr	326	466	576	601	590	659
›EBITDACr	24	46	32	48	62	50
›EBITDA margin	7.3%	9.8%	5.6%	8%	10.6%	6.9%
›Net profitCr	2	22	5	13	21	15
›PAT margin	0.6%	4.6%	1%	2.1%	3.6%	2.2%
›EPS₹	₹2.71	₹28.1	₹7.14	₹16	₹25.19	₹17.2
›Revenue growth	0%	42.9%	23.6%	4.5%	-1.9%	11.7%
›PAT growth	0%	937.1%	-74.6%	131.2%	67.9%	-31.8%
›ROE	1.9%	17.8%	4.1%	8.4%	11%	6.5%
›ROCE	6%	13.2%	6.9%	10.6%	14.6%	9.8%
›ROA	0.8%	6.7%	1.4%	3.2%	5.2%	3.2%
›P/E	0x	32.2x	102.1x	28.3x	22x	23.3x
›P/B	0x	5.3x	4.2x	2.1x	2.1x	1.5x
›D/E	1	1.1	1.2	0.9	0.4	0.5
›Current ratio	1x	1.1x	1.2x	1.3x	1.5x	1.4x
›Interest cover	1.3x	3.2x	1.9x	2.2x	3.3x	2.8x

Quarterly results

Tap a row to expand the full chart

Metric	2023-12	2024-03	2024-06	2024-09	2024-12	2025-03	2025-06	2025-09	2025-12	2026-03
›RevenueCr	139	159	143	151	163	202	216	179	208	256
›Rev growth YoY	3.9%	0.4%	-3.6%	4.9%	17.3%	27.4%	50.5%	18.8%	27.6%	26.8%
›EBITDACr	17	14	10	4	9	20	12	9	13	13
›EBITDA margin	12.1%	9%	6.7%	2.5%	5.5%	9.7%	5.4%	5.2%	6.1%	5.2%
›Net profitCr	7	5	2	2	1	10	3	2	4	4
›PAT growth YoY	67.9%	-0.8%	-57.7%	-61.9%	-88.1%	108.9%	32.6%	-13.9%	358.7%	-56.9%
›EPS₹	₹8.42	₹5.49	₹2.62	₹2.13	₹0.94	₹11.48	₹3.48	₹1.84	₹4.32	₹4.94

Balance sheet — last 7 years (₹ Cr)

Tap a row to expand the full chart

Metric	2020	2021	2022	2023	2024	2025	2026
›Shareholders' equityCr	111	133	136	168	218	233	245
›ReservesCr	103	125	128	160	210	224	236
›Total borrowingsCr	0	0	0	0	0	0	0
›InvestmentsCr	3	5	3	6	7	7	0
›Total assetsCr	160	213	241	247	275	271	517
›Current assetsCr	94	175	175	182	200	252	262
›Current liabilitiesCr	95	164	149	142	129	186	198
›Trade payablesCr	19	78	70	57	67	92	122
›Gross blockCr	221	268	248	298	314	326	198

Cash flow statement (₹ Cr)

Tap a row to expand the full chart

Metric	2020	2021	2022	2023	2024	2025	2026
›Operating CF (CFO)Cr	18	36	23	25	52	11	77
›Investing CF (CFI)Cr	-2	-60	-23	-11	-16	-16	-46
›Financing CF (CFF)Cr	-16	32	-6	-8	-37	-0	-19
›Net cash changeCr	0	7	-5	6	-1	-5	12
›Closing cashCr	0	7	1	8	6	1	12

Cash flow components

CFO · CFI · CFF (₹ Cr)

CFOCFICFF

Q-DITS scorecard

Composite score

Quality (25%)33.5

Growth (25%)14

Valuation (20%)64

Piotroski (15%)44

Earnings Quality (10%)100

Momentum (5%)—

Weighted blend, rescaled to the components available for this stock.

Piotroski F-Score

4/9

✓ROA positiveROA 3.23%

✓CFO positiveCFO ₹76.65 Cr

✗ROA improving5.16% → 3.23%

✓CFO > PAT (low accruals)CFO 76.65 vs PAT 14.54

✗Leverage decreasedD/E 0.45 → 0.47

✗Liquidity improvedCR 1.54 → 1.35

✗No share dilutionEPS 25.19 → 17.2

✗Margin improvedEBITDA mgn 10.56% → 6.89%

✓Asset turnover upAsset TO 1.43 → 1.47

Altman Z-Scoregrey

2.14

0.124

0.458

0.062

0.474

1.276

>2.9 safe · 1.23–2.9 grey · <1.23 distress

Quality

33.5/100

ROE

6.5%

ROCE

9.8%

Margin

2.2%

Debt

0.5

Int. cover

2.8x

Growth

14/100

Revenue 3Y

12.6%

Profit 3Y

-1%

EPS

-31.7%

Valuation

64/100

23.3x

1.5x

EV/EBITDA

vs universe median: PE 25.6x · PB 2.81x · EV 13.41x

Earnings quality

100/100

CFO₹77 Cr

PAT₹15 Cr

Accrual ratio-0.12

CFO/PAT5.27x

PEAD · SURGE

0 / 0

Revenue SUE0.65

EPS SUE0.13

Latest quarter2026-03

Rev growth YoY26.8%

Shareholding pattern

Promoter49.9%

FII/FPI0.1%

DII0%

Public50.1%

Tap a row to expand the full chart

Metric	2024-03	2024-06	2024-09	2024-12	2025-03	2025-06	2025-09	2025-12	2026-03
›Promoter	49.8%	49.8%	49.9%	49.9%	49.9%	49.9%	49.9%	49.9%	49.9%
›FII / FPI	0.1%	0%	0.1%	0%	0.1%	0%	0%	0%	0.1%
›DII	0%	0%	1.1%	0.8%	0.8%	0.8%	0.8%	0.3%	0%
›Public / Retail	50.2%	50.2%	50.1%	50.1%	50.1%	50.1%	50.1%	50.1%	50.1%
›Promoter pledge	0%	0%	0%	0%	0%	0%	0%	0%	0%

Documents & filings

Loading documents…

Peer comparison

Company	MCap (Cr)	Revenue	PAT	PE	PB	ROE%	ROCE%	D/E
Hindustan Unilever Ltd.	5,15,947	65,547	10,597	34.3x	10.6x	21.7	29	0
Godrej Consumer Products Ltd.	1,02,365	15,487	1,861	55x	8.1x	15.1	19.2	0.32
Dabur India Ltd.	75,153	13,193	1,870	39.7x	6.6x	17	21.5	0.07
Colgate-Palmolive (India) Ltd.	54,341	6,035	1,325	41x	34.3x	80.8	109.3	0
Procter & Gamble Hygiene and Health Care Ltd.	30,090	4,290	857	35.1x	39.9x	90.5	115.9	0
Gillette India Ltd.	25,499	3,100	654	39x	26.9x	42.7	56.4	0
Cupid Ltd.	23,747	363	108	219.4x	52.7x	18.2	17	0.05