MarketFriction

Aries Agro Ltd

NSE ARIES · BSE 532935 · Fertilizers
₹477.40 -0.66%
NSE close2026-10-01
52 week range285.35 - 524.75
Market cap₹614 Cr.
P/E12.8
ESM Price band 5%

Price

Drag to pan, scroll or pinch to zoom. Ruler (or Shift + drag) measures a move.Dashed lines: 52 week high and low. Prices adjusted for splits and bonuses.

Financials

Consolidated, Rs crore
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales158147107135194170128161204202185188
Expenses129130108120159149127139166174184160
Operating Profit2917-11534221223829027
OPM %19%12%-0.8%11%18%13%0.8%14%19%14%0.2%14%
Other Income000000000000
Interest945385358235
Depreciation222222323333
Profit before tax1811-8112415-5142824-620
Tax %31%32%-23%32%22%22%-20%31%29%27%-22%24%
Net Profit128-671911-4102017-515
EPS in Rs9.606.01-4.325.5914.518.90-2.847.7115.3913.26-3.4011.47
Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales263253291265296381432472516622740779
Expenses216210245222254325386424461554664685
Operating Profit464246444257474855687694
OPM %18%17%16%16%14%15%11%10%11%11%10%12%
Other Income1-023504934130
Interest252329292626242322191818
Depreciation117225668891111
Profit before tax121217161625202528446065
Tax %33%54%46%50%46%30%36%37%35%25%30%
Net Profit8598816121618334247
EPS in Rs5.565.438.067.607.4913.8110.2213.1714.9426.1632.9536.72
Dividend Payout %27%37%29%24%7%6%8%8%7%5%8%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth11%14%16%19%
Compounded Profit Growth18%17%32%30%
Stock Price CAGR15%26%38%24%
Return on Equity8%10%11%13%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital131313131313131313131313
Reserves165159162170176181198211230247277321
Borrowings167167137171172150143112100744956
Other Liabilities99109137123133143148173177184243249
Total Liabilities444448450477494487501509520518581639
Fixed Assets87877188954855687596110116
CWIP91622141512130021040
Investments2200059575762636784
Other Assets345342357376384368376384382357395398
Total Assets444448450477494487501509520518581639
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity3834481444595669547710486
Cash from Investing Activity-11-2513-2-10-41-14-13-16-26-34-78
Cash from Financing Activity-31-9-59-12-36-21-43-56-37-50-45-12
Net Cash Flow-4-020-2-4-001126-4
Free Cash Flow32204743646426339467338
CFO/OP80%81%128%46%120%155%111%162%126%155%168%133%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days17216420622825614311810091806946
Inventory Days394412518363478466271234210177167148
Days Payable1108412816520719710111190666771
Cash Conversion Cycle457493596426526412288224212191169122
Working Capital Days164162186150156130108109108977460
ROCE %12%10%10%12%12%12%14%13%14%15%18%21%
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters52.66%52.66%52.66%52.66%52.66%52.66%52.66%52.66%52.66%52.66%52.66%52.66%
FIIs2.10%2.38%3.29%3.08%2.53%3.38%2.98%4.29%3.20%2.91%3.25%3.13%
DIIs0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.26%0.00%0.00%0.00%0.02%
Public45.23%44.96%44.04%44.25%44.81%43.95%44.37%42.79%44.13%44.45%44.09%44.20%
No. of Shareholders17,89916,71519,51820,51821,99721,18820,50319,42219,62719,15118,34718,136

Fundamentals

Market Cap₹ 614 Cr.
Current Price₹ 475
Stock P/E12.8
Book Value₹ 257
ROCE20.5 %
ROE12.7 %
Dividend Yield0.32 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)19%
Compounded Profit Growth (TTM)30%
Consolidated figures.
Valuation
Market capRs 621 Cr
Enterprise valueRs 647 Cr
P/E (TTM)13.00x
Price to book1.86x
Price to sales0.80x
EV / EBITDA6.87x
EV / EBIT7.78x
EV / sales0.83x
Price to cash flow7.21x
Earnings yield7.69%
Dividend yield0.52%
P/E, 3-year average11.92x
P/B, 3-year average1.20x
P/E, 5-year average12.07x
P/B, 5-year average1.04x
Profitability
Operating margin (excl. other income)10.30%
Operating margin (incl. other income)12.01%
EBITDA margin12.08%
Pre-tax margin8.40%
Net profit margin6.13%
Net margin, latest quarter7.95%
ROE13.74%
ROCE21.42%
ROA7.02%
ROE, 3-year average11.28%
ROCE, 3-year average18.38%
ROA, 3-year average5.65%
ROE, 5-year average9.46%
ROCE, 5-year average16.50%
ROA, 5-year average4.58%
ROIC (approx.)16.21%
Tax rate29.72%
Other income / net worth3.77%
Growth
Sales growth (latest year)18.90%
Profit growth (latest year)25.96%
Sales CAGR, 3 years16.15%
Sales CAGR, 5 years14.17%
Profit CAGR, 3 years35.75%
Profit CAGR, 5 years19.00%
Sales growth QoQ1.51%
Sales growth YoY (latest quarter)16.41%
Profit growth YoY (latest quarter)48.65%
Per share
EPS (TTM)Rs 36.71
EPS (latest year)Rs 32.95
EPS (latest quarter)Rs 11.47
EPS, 3-year averageRs 24.68
EPS, 5-year averageRs 19.49
Book value per shareRs 257.12
Sales per shareRs 599.19
Cash flow per shareRs 66.19
Free cash flow per shareRs 29.22
Dividend per share (latest year)Rs 2.50
Dividend per share, 3-year averageRs 1.57
Dividend per share, 5-year averageRs 1.30
Dividends
Dividend payout7.58%
Dividend payout, 3-year average6.29%
Dividend payout, 5-year average6.86%
Efficiency
Asset turnover1.16x
Fixed asset turnover6.36x
Inventory turnover3.04x
Inventory days120 days
Debtor days46 days
Debtors turnover8.02x
Creditor days71 days
Cash conversion cycle122 days
Working capital days60 days
Leverage
Total debtRs 56 Cr
Cash and bankRs 30 Cr
Net debtRs 26 Cr
Debt to equity0.17x
Net debt / EBITDA0.28x
Interest coverage4.70x
Current ratio (filing 2026-03-31)1.69x
Quick ratio (filing 2026-03-31)1.11x
Trade payables (filing 2026-03-31)Rs 69 Cr
Owners' fund to total sources52.34%
Debt to assets8.72%
Cash flow
Cash from Operating Activity (latest year)Rs 86 Cr
Cash from Investing Activity (latest year)Rs -78 Cr
Cash from Financing Activity (latest year)Rs -12 Cr
Net Cash Flow (latest year)Rs -4 Cr
Free cash flow (latest year)Rs 38 Cr
FCFE (approx.: FCF + change in debt)Rs 45 Cr
Cash from ops / profit, 5 years3.22x
Sales to cash flow8.60x
Statement figures
Net sales (TTM)Rs 779 Cr
Net sales (latest year)Rs 740 Cr
Sales (latest quarter)Rs 188 Cr
Operating profit excl. other income (latest year)Rs 76 Cr
Operating profit (latest quarter)Rs 27 Cr
Other income (TTM)Rs 13 Cr
EBITDA (TTM)Rs 94 Cr
PBDT (TTM)Rs 76 Cr
Profit before tax (TTM)Rs 65 Cr
Tax (latest year)Rs 18 Cr
Net profit (TTM)Rs 48 Cr
Net profit (latest year)Rs 43 Cr
Net profit (latest quarter)Rs 15 Cr
Depreciation (TTM)Rs 11 Cr
Depreciation (latest quarter)Rs 3 Cr
Interest (TTM)Rs 18 Cr
Cost of goods sold (latest year)Rs 438 Cr
Total expenditure (latest year)Rs 664 Cr
Total income (latest year)Rs 753 Cr
Share capitalRs 13 Cr
ReservesRs 321 Cr
Shareholders' fundsRs 334 Cr
Total assetsRs 639 Cr
Net blockRs 116 Cr
Capital work in progressRs 40 Cr
InvestmentsRs 84 Cr
ReceivablesRs 92 Cr
InventoryRs 144 Cr
Other liabilitiesRs 249 Cr
Shares outstanding (crore)1.30
Ownership
Promoter holding52.66% (+0.00 in a year)
Computed by MarketFriction from the consolidated statements. Returns use average balances.
P/E 13.0 is at the 55th percentile of its own 9.4-year range (median 12.5, low 5.3, high 47.9).
P/B 1.86 is at the 97th percentile (median 0.95).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
PeriodARIESNifty 50Difference
1 week+2.2%-2.8% +5.0 pts
1 month+4.0%-6.8% +10.8 pts
3 months+38.8%-7.6% +46.5 pts
6 months+47.1%+0.4% +46.7 pts
1 year+20.0%-9.9% +30.0 pts
2 years+75.8%-13.6% +89.3 pts
3 years+165.6%+14.2% +151.4 pts
5 years+224.8%+27.9% +196.9 pts

Red flags

F-score 6 of 8
lookOn NSE surveillance On NSE surveillance: ESM
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.

Latest quarter

Jun 2026
Sales ₹188 Cr +16.8% vs Jun 2025. Net profit ₹15 Cr +50.0%.

Activity

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No bulk or block deals on record.
Ex-dateActionFactor
2026-09-22Dividend - Rs 1.50 Per Share/Special Dividend - Re 1 Per Share
2025-09-19Dividend - Rs 1.20 Per Share
2024-09-13Dividend - Re 1 Per Share
2023-09-22Dividend - Re 1 Per Share
2022-09-21Dividend - Re 0.80 Per Share
2021-09-14 Dividend - Rs 0.80 Per Share
2020-03-19 Interim Dividend - Rs 0.50 Per Share
2019-09-19 Annual General Meeting/Dividend - Rs 1.80 Per Share
2018-09-12 Annual General Meeting/Dividend Rs 2.30 Per Share
2017-09-14 Annual General Meeting/Dividend - Rs 2/- Per Share
2016-09-15 Annual General Meeting/Dividend Rs 1.50 Per Share
2015-09-16 Annual General Meeting/ Dividend - Rs 2/- Per Share
2014-09-18Annual General Meeting / Dividend - Rs 2/- Per Share
2013-09-19Annual General Meeting And Dividend Rs.1.50 Per Share
2012-09-20Annual General Meeting And Dividend Rs.1.50 Per Share
2011-09-22Annual General Meeting And Dividend Re.1/- Per Share
2011-02-10Interim Dividend-Re.1/- Per Share
2010-09-08Annual General Meeting And Final Dividend Rs.1.50 Per Share
2009-09-24Annual General Meeting
2008-08-21Annual General Meeting
2008-06-12Interim Dividend - 12%
DateTypeWhat it says
2026-09-30Shareholder meetingAries Agro Limited has submitted the Exchange a copy Srutinizers report of 56th Annual General Meeting held on September 29, 2026
2026-09-29Shareholder meetingShareholders meeting Proceedings of the Annual General Meeting held on 29.09.2026
2026-09-29Shareholder meetingChairman Speech Annual General Meeting 2026
2026-09-07UpdatesMonthly Report on Re-Lodgement of Shares August 2026.
2026-09-04LitigationPendency of Litigation(s)/dispute(s) or the outcome impacting the Company
2026-08-11UpdatesApprovals by Board.1. Convening of AGM2. Fixation of Cut Off/Record Date3. Date for Payment of Dividend4. Re-appointment of Managing Director5. Re-app...
2026-08-11Record DateRecord date for the purpose of Dividend is 22-Sep-2026.
2026-08-11Board meeting outcomeAries Agro Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2026.
2026-08-10UpdatesMonthly Report On Special Window Re-Lodgement Of Shares- July, 2026.
2026-08-07Credit RatingCredit Rating
2026-07-09UpdatesMonthly Report on Special Window Re-Lodgement of Shares-June,2026.
2026-06-08UpdatesMonthly Report on Special Window Re-Lodgement of Shares- May, 2026.
2026-05-29Press ReleaseA press release dated May 29, 2026, titled "Aries Agro Limited Press Release".
2026-05-28Board meeting outcomeAries Agro Limited has submitted to the Exchange, the financial results for the period ended March 31, 2026.
2026-05-28General UpdatesGeneral Updates about recommendation of Dividend by the Board for the Financial Year 2025-26
2026-05-28Board meeting outcomeAries Agro Limited has submitted to the Exchange, the financial results for the period ended March 31, 2026.
2026-05-20UpdatesTo Consider and Recommend Dividend for the Financial Year 2025-26..
2026-05-20Disclosure under SEBI TakeovAries Agro Limited has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of India (Substantia...
2026-05-11UpdatesMonthly Report on Special Window Re-Lodgement of Shares -April, 2026.
2026-04-13UpdatesMonthly Report on Special Window Re-lodgement of Shares-March,2026.
2026-03-30General UpdatesAppointment of Mr. Sourav Ganguly as Brand Ambassador of the Company for a period of 3 (Three) Years.
2026-03-24Press ReleaseA press release dated March 24, 2026, titled "Submission of copies of Newspaper Publication for information regarding Special Window for re-lodgement ...
2026-03-23UpdatesTrading Window Closure Pursuant to SEBI (Prohibition of Insider Trading) Regulation, 2015.
2026-03-18UpdatesMonthly Report on Special Window Re-Logement of Shares-February,2026.
2026-03-05General UpdatesInauguration of Relocated Manufacturing Unit of the Company at Village - Chaktaliya Moodh, Pargana Asoha, Tehsil Purwa, District- Unnao, Uttar Pradesh...
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Order dateForumCase
2021-06-16NCLTAries Agro Limited Vs ETCO Industries Private Limited
2018-04-26NCLATAries Agro-Vet Associates Pvt. Ltd. VS D.H. Narayanasa
Orders from NCLT, NCLAT and CESTAT naming the company. Click a row for the order.
ESM: stage 1
Data: NSE and BSE daily reports, company filings. Numbers only, not investment advice, not a SEBI-registered research service.Updated 2026-10-03