Aarti Surfactants (AARTISURF)₹479.80+1.86%Specialty Chemicals
In the Jun 2026 quarter (consolidated), Aarti Surfactants reported sales of ₹272 Cr, up 26.4% from Jun 2025, and net profit of ₹8.98 Cr, up 206.5% year on year. For the year to Mar 2026, sales were ₹857 Cr and net profit ₹11.96 Cr.
Company filings, consolidated accounts; latest reported quarter Jun 2026
| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 143 | 138 | 158 | 143 | 150 | 162 | 201 | 215 | 179 | 207 | 256 | 272 |
| Expenses | 128 | 122 | 145 | 134 | 148 | 154 | 183 | 205 | 170 | 196 | 244 | 253 |
| Operating Profit | 16.23 | 16.71 | 14.31 | 9.60 | 3.71 | 8.88 | 19.67 | 11.60 | 9.32 | 12.67 | 13.18 | 20.26 |
| OPM % | 11.3% | 12.1% | 9.1% | 6.7% | 2.5% | 5.5% | 9.8% | 5.4% | 5.2% | 6.1% | 5.2% | 7.4% |
| Other Income | 0.04 | 0.04 | 0.06 | 0.50 | 6.22 | −0.17 | 1.15 | 0.05 | 0.07 | 0.05 | 0.20 | 0.18 |
| Interest | 3.67 | 3.66 | 3.42 | 2.58 | 2.61 | 3.13 | 3.27 | 3.29 | 2.81 | 3.17 | 3.07 | 3.53 |
| Depreciation | 3.86 | 4.03 | 4.22 | 4.24 | 4.32 | 4.42 | 4.42 | 4.37 | 4.43 | 4.49 | 4.47 | 4.77 |
| Profit before tax | 8.79 | 9.11 | 6.78 | 3.32 | 3.03 | 1.22 | 13.20 | 4.05 | 2.20 | 5.11 | 5.89 | 12.22 |
| Tax % | 46.0% | 26.4% | 31.2% | 33.0% | 40.1% | 33.9% | 26.3% | 27.3% | 29.2% | 28.3% | 28.8% | 26.2% |
| Exceptional items | 0.00 | 0.00 | 0.00 | 0.00 | 3.01 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Net Profit | 4.72 | 6.66 | 4.63 | 2.21 | 1.80 | 0.79 | 9.69 | 2.93 | 1.55 | 3.65 | 4.18 | 8.98 |
| EPS (Rs) | 5.57 | 7.85 | 5.49 | 2.61 | 2.13 | 0.94 | 11.48 | 3.47 | 1.83 | 4.31 | 4.94 | 10.61 |
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|
| Sales | 325 | 464 | 574 | 599 | 588 | 657 | 857 | 913 |
| Expenses | 303 | 422 | 544 | 556 | 530 | 619 | 815 | 864 |
| Operating Profit | 23.98 | 45.90 | 31.95 | 47.92 | 61.88 | 41.96 | 46.91 | 55.43 |
| OPM % | 7.0% | 10.0% | 6.0% | 8.0% | 11.1% | 6.0% | 5.0% | 6.1% |
| Other Income | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 8.01 | 0.00 | 0.50 |
| Interest | 10.03 | 10.03 | 11.04 | 15.04 | 14.06 | 12.04 | 12.04 | 12.58 |
| Depreciation | 11.04 | 12.03 | 12.04 | 15.05 | 16.04 | 17.04 | 18.05 | 18.16 |
| Profit before tax | 3.01 | 23.04 | 9.02 | 18.05 | 32.06 | 21.06 | 17.04 | 25.42 |
| Tax % | 29.1% | 6.0% | 41.0% | 29.1% | 34.1% | 30.1% | 28.0% | — |
| Exceptional items | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 2.96 | 0.00 | 0.00 |
| Net Profit | 1.99 | 21.95 | 4.98 | 12.97 | 20.92 | 14.95 | 11.96 | 18.36 |
| EPS (Rs) | 2.45 | 25.43 | 6.45 | 14.92 | 25.21 | 17.17 | 14.57 | 21.69 |
| Dividend payout % | 0.0% | 11.0% | 0.0% | 0.0% | 0.0% | 6.0% | 7.0% | — |
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Equity Capital | 7.96 | 7.97 | 7.97 | 7.97 | 7.97 | 7.98 | 7.98 |
| Reserves | 103 | 125 | 128 | 160 | 210 | 224 | 236 |
| Borrowings | 109 | 152 | 162 | 149 | 99.17 | 110 | 104 |
| Other Liabilities | 41.90 | 102 | 105 | 85.81 | 105 | 134 | 168 |
| Total Liabilities | 262 | 387 | 402 | 404 | 422 | 477 | 517 |
| Fixed Assets | 151 | 187 | 173 | 207 | 208 | 204 | 204 |
| CWIP | 14.03 | 20.03 | 52.12 | 8.01 | 8.02 | 15.02 | 41.08 |
| Investments | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Assets | 97.16 | 180 | 178 | 188 | 206 | 259 | 273 |
| Inventories | 56.06 | 73.12 | 75.02 | 77.13 | 99.13 | 134 | 119 |
| Trade receivables | 17.99 | 53.98 | 53.92 | 64.97 | 69.91 | 75.86 | 105 |
| Cash & equivalents | 0.00 | 6.98 | 0.99 | 7.98 | 5.98 | 0.99 | 12.96 |
| Total Assets | 262 | 387 | 402 | 404 | 422 | 477 | 517 |
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Cash from operating activity | 17.93 | 35.84 | 22.91 | 24.90 | 51.75 | 10.95 | 76.75 |
| Cash from investing activity | −2.01 | −60.14 | −23.07 | −11.03 | −16.05 | −16.05 | −46.10 |
| Cash from financing activity | −15.99 | 31.94 | −5.99 | −7.99 | −36.95 | 0.00 | −19.97 |
| Net cash flow | 0.00 | 6.99 | −4.99 | 5.99 | −0.99 | −5.01 | 11.99 |
| Capex | 24.79 | 60.71 | 22.63 | 10.90 | 16.42 | 20.31 | 45.26 |
| Free cash flow | −7.01 | −25.02 | 1.01 | 13.99 | 35.99 | −9.01 | 32.04 |
| CFO / OP % | 77.0% | 78.0% | 78.0% | 55.0% | 94.0% | 39.0% | 172.0% |
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Debtor days | 19 | 42 | 34 | 39 | 42 | 41 | 43 |
| Inventory days | 84 | 77 | 61 | 61 | 82 | 93 | 61 |
| Days payable | 28 | 81 | 56 | 44 | 55 | 63 | 62 |
| Cash conversion cycle | 76 | 39 | 39 | 56 | 70 | 72 | 44 |
| Working capital days | −1 | 3 | 16 | 20 | 40 | 36 | 22 |
| ROCE % | — | 13.0% | 7.0% | 11.0% | 15.0% | 8.0% | 9.0% |
For the Jun 2026 quarter, Aarti Surfactants reported sales of ₹272 Cr, up 26.4% year on year and net profit of ₹8.98 Cr, up 206.5% year on year. The operating margin was 7.4%.
Aarti Surfactants' sales for the year to Mar 2026 were ₹857 Cr; over the last twelve months they were ₹913 Cr.
Net profit for the year to Mar 2026 was ₹11.96 Cr, and ₹18.36 Cr over the last twelve months. Earnings per share over the same trailing period were ₹21.69.
Aarti Surfactants reported borrowings of ₹104 Cr at Mar 2026, against cash and equivalents of ₹12.96 Cr.
Cash from operations was ₹76.75 Cr in the year to Mar 2026; after capital spending, free cash flow was ₹32.04 Cr.