Aartech Solonics Ltd. (AARTECH) AI Stock Analysis

• Market Cap: ₹1.35B
• Dividend Yield: 0.26%
• Average Volume (3M): 9.85K
• Price to Earnings (P/E): 63.1
• Beta (1Y): 0.85
• Revenue Growth: 9.12%
• EPS Growth: 22.53%
• Country: IN
• Employees: 73
• Sector: Technology
• Sector Strength: 88
• Industry: Electrical Equipment & Parts
• EPS (TTM): 0.19
• Shares Outstanding: 31,770,374
• 10 Day Avg. Volume: 14,005
• 30 Day Avg. Volume: 9,852
• PEG Ratio: 0.53
• Price to Book (P/B): 5.12
• Price to Sales (P/S): 4.43
• P/FCF Ratio: -80.03
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 56 Neutral
• Price Target: ₹44.00 ▼(-17.25% Downside)
• Action: Reiterated Date: 11/13/25
• Date: Action: Reiterated 11/13/25

Aartech Solonics Ltd. faces significant operational and cash flow challenges, impacting its financial performance. The technical indicators suggest bearish momentum, and the high P/E ratio indicates overvaluation. These factors collectively contribute to a cautious outlook on the stock.

Positive Factors

Low leverage / strong balance sheet

A low debt-to-equity ratio (0.18) gives durable financial flexibility for a project-focused business. It reduces refinancing risk, supports bidding on capital-intensive EPC contracts, and preserves capacity to absorb delayed payments or temporary working-capital stress without immediate solvency pressure.

Negative Factors

Negative operating and free cash flows

Persistent negative operating and free cash flows weaken liquidity and force reliance on non-operational cash or external financing. For a project-driven firm, this undermines ability to fund working capital, post-bid performance bonds, or timely project execution, increasing operational and counterparty risk.

Aartech Solonics Ltd. Business Overview & Revenue Model

Company Description

Aartech Solonics Ltd. is a system solution R&D enterprise, which engages in the provision of specialized and selected energy appliances. Its products include BTS 2000 fast bus transfer system, FaraDigm, control relay panel, load checkers, and wedg...

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Aartech Solonics Ltd. is a system solution R&D enterprise, which engages in the provision of specialized and selected energy appliances. Its products include BTS 2000 fast bus transfer system, FaraDigm, control relay panel, load checkers, and wedg...

How the Company Makes Money

AARTECH primarily makes money by selling engineered electrical power-system solutions and executing related project work for customers that need power distribution, protection, and control systems. Key revenue streams typically include: (1) Sale o...

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AARTECH primarily makes money by selling engineered electrical power-system solutions and executing related project work for customers that need power distribution, protection, and control systems. Key revenue streams typically include: (1) Sale o...

Aartech Solonics Ltd. Financial Statement Overview

Breakdown	TTM	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021
Income Statement
Total Revenue	363.74M	363.52M	327.44M	216.88M	163.36M	109.59M
Gross Profit	205.21M	186.65M	113.02M	89.81M	74.34M	46.60M
EBITDA	65.23M	-2.14M	33.65M	26.71M	38.96M	9.92M
Net Income	32.99M	27.30M	13.15M	14.22M	27.98M	2.58M
Balance Sheet
Total Assets	457.38M	428.09M	411.22M	368.44M	320.52M	286.52M
Cash, Cash Equivalents and Short-Term Investments	138.15M	140.80M	113.70M	73.72M	93.54M	73.76M
Total Debt	54.04M	56.38M	42.00M	27.80M	7.99M	11.07M
Total Liabilities	119.06M	113.15M	115.83M	79.84M	47.58M	37.27M
Stockholders Equity	338.44M	314.56M	295.35M	288.73M	280.25M	250.00M
Cash Flow
Free Cash Flow	2.37M	-20.12M	8.53M	-53.47M	16.58M	-17.25M
Operating Cash Flow	2.60M	-15.22M	14.92M	-48.23M	16.58M	-16.13M
Investing Cash Flow	3.07M	12.75M	-9.30M	38.44M	-12.71M	22.80M
Financing Cash Flow	-3.80M	2.83M	4.03M	11.70M	-2.31M	-3.89M

Aartech Solonics Ltd. Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 53.17
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:AARTECH, the sentiment is Negative. The current price of 53.17 is above the 20-day moving average (MA) of 42.57, above the 50-day MA of 45.54, and below the 200-day MA of 55.20, indicating a neutral trend. The MACD of -0.37 indicates Negative momentum. The RSI at 46.34 is Neutral, neither overbought nor oversold. The STOCH value of 54.54 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:AARTECH.

Aartech Solonics Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
INTENTECH	69 Neutral	₹1.91B	28.04	―	0.84%	-10.39%	-52.44%
DRCSYSTEMS	66 Neutral	₹1.89B	11.60	―	―	20.62%	1.68%
Sector *	61 Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%
AARTECH	56 Neutral	₹1.35B	63.14	―	0.26%	9.12%	22.53%
DEVIT	54 Neutral	₹1.53B	-6.20	―	0.49%	30.15%	330.45%
RSSOFTWARE	40 Underperform	₹660.50M	-3.84	―	0.46%	-52.09%	-142.64%