Aarti Surfactants Ltd. (IN:AARTISURF)
:AARTISURF
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Aarti Surfactants Ltd.
(AARTISURF)
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Rating:54Neutral
Price Target:
₹404.00
▲(4.18% Upside)
Action:Reiterated
Date:05/13/26
The score is primarily held back by margin compression and inconsistent free cash flow despite improved FY2026 revenue growth and a healthier leverage profile. Technical signals are mixed/neutral, and valuation support is modest with a moderate P/E and very low dividend yield.
Positive Factors
Specialty surfactant market position
Aarti Surfactants operates in specialty surfactants for home and personal care, providing durable end-market exposure to consumer staples and industrial cleaning. Structural demand for formulated consumer products supports steady B2B volumes and repeat business from formulators over multi-year cycles.
Negative Factors
Margin compression
Sharp gross margin decline signals weaker pricing power or higher feedstock costs that the company could not fully pass through. Persistently compressed gross margins erode operating cash flow and long-term returns, making it harder to sustain reinvestment and specialty R&D.
Read all positive and negative factors
Positive Factors
Negative Factors
Specialty surfactant market position
Aarti Surfactants operates in specialty surfactants for home and personal care, providing durable end-market exposure to consumer staples and industrial cleaning. Structural demand for formulated consumer products supports steady B2B volumes and repeat business from formulators over multi-year cycles.
Read all positive factors
Aarti Surfactants Ltd. (AARTISURF) vs. iShares MSCI India ETF (INDA)
Market Cap
₹3.26B
Dividend Yield0.25%
Average Volume (3M)774.00
Price to Earnings (P/E)22.0
Beta (1Y)1.64
Revenue Growth30.35%
EPS Growth-15.12%
CountryIN
Employees334
SectorBasic Materials
Sector Strength58
IndustryChemicals - Specialty
Share Statistics
EPS (TTM)17.77
Shares Outstanding8,464,995
10 Day Avg. Volume430
30 Day Avg. Volume774
Financial Highlights & Ratios
PEG Ratio-1.45
Price to Book (P/B)1.11
Price to Sales (P/S)0.32
P/FCF Ratio13.50
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
Aarti Surfactants Ltd. Business Overview & Revenue Model
Company Description
Aarti Surfactants Limited, together with its subsidiary, Aarti HPC limited, produces and supplies ionic and non-ionic, and specialty surfactants for the home and personal care, agro and oil, and industrial applications in India and internationally...
How the Company Makes Money
Aarti Surfactants Ltd. primarily makes money by manufacturing and selling surfactants and related chemical ingredients to business customers (B2B), including formulators and manufacturers in home care, personal care and other cleaning or industria...
Aarti Surfactants Ltd. Financial Statement Overview
Summary
Income Statement
56
Neutral
Balance Sheet
62
Positive
Cash Flow
49
Neutral
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 7.60B | 8.59B | 6.59B | 5.90B | 5.97B | 5.70B |
| Gross Profit | 1.35B | 947.78M | 1.25B | 658.04M | 1.27B | 794.12M |
| EBITDA | 494.19M | 468.81M | 419.18M | 621.92M | 477.40M | 324.31M |
| Net Income | 150.18M | 123.42M | 145.45M | 213.27M | 127.05M | 54.95M |
Balance Sheet | ||||||
| Total Assets | 4.90B | 5.17B | 4.77B | 4.22B | 4.02B | 4.02B |
| Cash, Cash Equivalents and Short-Term Investments | 2.41M | 134.31M | 12.07M | 63.15M | 76.89M | 14.29M |
| Total Debt | 1.18B | 1.04B | 1.10B | 992.09M | 1.49B | 1.62B |
| Total Liabilities | 2.53B | 2.72B | 2.45B | 2.04B | 2.34B | 2.67B |
| Stockholders Equity | 2.37B | 2.45B | 2.33B | 2.18B | 1.68B | 1.36B |
Cash Flow | ||||||
| Free Cash Flow | -8.16M | 201.22M | -90.98M | 356.08M | 139.31M | 7.76M |
| Operating Cash Flow | 216.41M | 652.27M | 111.38M | 519.61M | 247.84M | 233.18M |
| Investing Cash Flow | -239.22M | -450.85M | -161.63M | -162.19M | 85.61M | -225.41M |
| Financing Cash Flow | 16.49M | -79.18M | -3.67M | -371.15M | -270.86M | -60.80M |
Aarti Surfactants Ltd. Technical Analysis
Negative
387.80
Price Trends
385.42
Negative
394.53
Negative
430.89
Negative
Market Momentum
-0.36
Positive
43.84
Neutral
3.58
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:AARTISURF, the sentiment is Negative. The current price of 387.8 is below the 20-day moving average (MA) of 409.39, above the 50-day MA of 385.42, and below the 200-day MA of 430.89, indicating a bearish trend. The MACD of -0.36 indicates Positive momentum. The RSI at 43.84 is Neutral, neither overbought nor oversold. The STOCH value of 3.58 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:AARTISURF.
Aarti Surfactants Ltd. Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
63 Neutral | ₹3.36B | 28.86 | ― | ― | 17.84% | 175.92% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
56 Neutral | ₹4.31B | 10.12 | ― | 0.46% | 20.08% | 180.73% | |
54 Neutral | ₹3.26B | 22.01 | ― | 0.25% | 30.35% | -15.12% | |
49 Neutral | ₹3.62B | -5.22 | ― | 5.02% | 36.96% | -118.99% | |
43 Neutral | ₹2.46B | -19.09 | ― | 0.38% | -46.16% | -565.67% |
* Basic Materials Sector Average
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Aarti Surfactants Ltd. Corporate Events
Aarti Surfactants clears FY26 results, proposes dividend and reshapes finance committee
May 9, 2026
Aarti Surfactants Ltd. announced that its board has approved the audited standalone and consolidated financial results, including statements of assets, liabilities, and cash flows, for the quarter and year ended March 31, 2026, and will publish th...
Aarti Surfactants Clears FY26 Results, Reappoints Auditors and Revamps Finance Panel
May 9, 2026
Aarti Surfactants Ltd. has approved its audited standalone and consolidated financial results for the quarter and year ended 31 March 2026, along with the accompanying statements of assets and liabilities and cash flows, and confirmed that the aud...
Aarti Surfactants Relaunches 100-Day ‘Saksham Niveshak’ Drive to Clear Unclaimed Dividends
Apr 4, 2026
Aarti Surfactants Ltd. has relaunched the “Saksham Niveshak” Second 100-Day Campaign, following a request from the Investor Education and Protection Fund Authority under the Ministry of Corporate Affairs, to reach shareholders with unp...
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.