Aartech Solonics Ltd. (IN:AARTECH)
:AARTECH
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Aartech Solonics Ltd.
(AARTECH)
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Rating:52Neutral
Price Target:
₹45.00
▼(-15.37% Downside)
Action:Reiterated
Date:05/28/26
The score is driven primarily by mixed fundamentals: strong revenue growth and a conservatively levered balance sheet are offset by repeated negative operating/free cash flow and volatile profitability, which weaken earnings quality. Technicals are also soft with the price below major moving averages and a negative MACD. Valuation further pressures the score due to a high P/E and minimal dividend yield.
Positive Factors
Revenue Growth
Sustained multi-year revenue scaling signals durable demand and successful market penetration in engineered power solutions. Higher top-line scale supports fixed-cost absorption and gives management scope to bid larger EPC projects, widening the structural revenue base over coming quarters.
Negative Factors
Weak Cash Conversion
Repeated negative operating and free cash flow indicate earnings are not reliably converting to cash. Over months this raises funding risk for project working capital, increases reliance on external financing despite low debt, and could constrain sustainable investment or dividend capacity.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Growth
Sustained multi-year revenue scaling signals durable demand and successful market penetration in engineered power solutions. Higher top-line scale supports fixed-cost absorption and gives management scope to bid larger EPC projects, widening the structural revenue base over coming quarters.
Read all positive factors
Aartech Solonics Ltd. (AARTECH) vs. iShares MSCI India ETF (INDA)
Market Cap
₹1.34B
Dividend Yield0.26%
Average Volume (3M)9.85K
Price to Earnings (P/E)34.3
Beta (1Y)1.13
Revenue Growth12.47%
EPS Growth54.79%
CountryIN
Employees73
SectorTechnology
Sector Strength88
IndustryElectrical Equipment & Parts
Share Statistics
EPS (TTM)0.90
Shares Outstanding31,770,374
10 Day Avg. Volume14,005
30 Day Avg. Volume9,852
Financial Highlights & Ratios
PEG Ratio0.64
Price to Book (P/B)3.21
Price to Sales (P/S)2.76
P/FCF Ratio-76.82
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
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...
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...
Aartech Solonics Ltd. Financial Statement Overview
Summary
Income Statement
72
Positive
Balance Sheet
78
Positive
Cash Flow
34
Negative
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 363.74M | 408.84M | 363.52M | 327.44M | 216.88M | 163.36M |
| Gross Profit | 205.21M | 127.19M | 186.65M | 113.02M | 89.81M | 74.34M |
| EBITDA | 65.23M | 61.35M | -2.14M | 33.65M | 26.71M | 38.96M |
| Net Income | 32.99M | 40.48M | 27.30M | 13.15M | 14.22M | 27.98M |
Balance Sheet | ||||||
| Total Assets | 457.38M | 506.29M | 428.09M | 411.22M | 368.44M | 320.52M |
| Cash, Cash Equivalents and Short-Term Investments | 138.15M | 123.73M | 140.80M | 113.70M | 73.72M | 93.54M |
| Total Debt | 54.04M | 56.17M | 56.38M | 42.00M | 27.80M | 7.99M |
| Total Liabilities | 119.06M | 155.66M | 113.15M | 115.83M | 79.84M | 47.58M |
| Stockholders Equity | 338.44M | 351.03M | 314.56M | 295.35M | 288.73M | 280.25M |
Cash Flow | ||||||
| Free Cash Flow | 2.37M | -14.67M | -20.12M | 8.53M | -53.47M | 16.58M |
| Operating Cash Flow | 2.60M | -10.96M | -15.22M | 14.92M | -48.23M | 16.58M |
| Investing Cash Flow | 3.07M | 26.10M | 12.75M | -9.30M | 38.44M | -12.71M |
| Financing Cash Flow | -3.80M | -4.17M | 2.83M | 4.03M | 11.70M | -2.31M |
Aartech Solonics Ltd. Technical Analysis
Negative
53.17
Price Trends
44.83
Negative
45.86
Negative
50.34
Negative
Market Momentum
-0.89
Negative
43.81
Neutral
69.33
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 43.96, above the 50-day MA of 44.83, and above the 200-day MA of 50.34, indicating a bearish trend. The MACD of -0.89 indicates Negative momentum. The RSI at 43.81 is Neutral, neither overbought nor oversold. The STOCH value of 69.33 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
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
76 Outperform | ₹2.15B | 9.54 | ― | ― | 46.09% | 27.31% | |
67 Neutral | ₹2.27B | 23.33 | ― | 0.84% | -21.33% | -207.13% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
59 Neutral | ₹1.58B | 2.11 | ― | 0.49% | 11.04% | 407.75% | |
52 Neutral | ₹1.34B | 34.29 | ― | 0.26% | 12.47% | 54.79% | |
44 Neutral | ₹821.43M | -3.15 | ― | 0.46% | -56.14% | -419.18% |
* Technology Sector Average
IN:AARTECH
Aartech Solonics Ltd.
42.08
-15.24
-26.59%
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-44.43%
Aartech Solonics Ltd. Corporate Events
Aartech Solonics Files SEBI Compliance Certificate, Reports No Demat Requests in Q4 FY26
Apr 15, 2026
Aartech Solonics Ltd. has submitted to the National Stock Exchange of India and BSE a compliance certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended March 31, 2026. The filing, sup...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.