MarketFriction

Arvee Laboratories (India) Ltd

NSE ARVEE · Specialty Chemicals
₹215.32 -4.37%
NSE close2026-10-01
52 week range129.11 - 290.78
Market cap₹257 Cr.
P/E63.4
IPO 2018 · +253% since ASM long-term Price band 10% Delivery 44.9%

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

Standalone, Rs crore
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales8.917.706.1410.6012.538.916.457.483.459.7810.8017.23
Expenses8.227.175.359.0611.038.576.237.143.338.159.7014.74
Operating Profit0.690.530.791.541.500.340.220.340.121.631.102.49
OPM %7.74%6.88%12.87%14.53%11.97%3.82%3.41%4.55%3.48%16.67%10.19%14.45%
Other Income0.090.190.210.110.160.190.210.170.230.140.150.18
Interest0.080.050.050.080.050.050.070.040.040.070.080.06
Depreciation0.420.350.370.310.300.280.270.290.300.300.310.32
Profit before tax0.280.320.581.261.310.200.090.180.011.400.862.29
Tax %25.00%25.00%81.03%25.40%25.19%25.00%22.22%5.56%0.00%-30.71%38.37%26.20%
Net Profit0.210.240.120.940.980.150.070.170.011.830.521.69
EPS in Rs0.190.220.110.850.890.140.060.150.011.660.471.53
Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales26.8234.4447.7854.9045.4247.3840.3361.3530.3538.4931.5141.26
Expenses21.8328.5440.6148.7339.4041.3134.6554.0627.4134.8828.3335.92
Operating Profit4.995.907.176.176.026.075.687.292.943.613.185.34
OPM %18.61%17.13%15.01%11.24%13.25%12.81%14.08%11.88%9.69%9.38%10.09%12.94%
Other Income0.100.510.230.350.350.560.461.350.640.660.690.70
Interest3.073.483.331.630.990.580.370.390.250.250.230.25
Depreciation1.492.072.152.352.292.412.322.081.501.151.211.23
Profit before tax0.530.861.922.543.093.643.456.171.832.872.434.56
Tax %66.04%-81.40%43.23%11.02%25.89%26.37%25.51%33.23%42.62%25.09%-3.70%
Net Profit0.191.551.092.262.302.682.574.121.052.152.534.05
EPS in Rs0.231.910.992.052.092.432.333.740.951.952.303.67
Dividend Payout %0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth2%-8%-20%17%
Compounded Profit Growth29%-1%-17%196%
Stock Price CAGR%21%27%43%
Return on Equity10%9%6%7%
Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital4.054.055.515.515.5111.0211.0211.0211.0211.0211.02
Reserves-1.410.158.6910.9513.2510.4212.9217.0418.0920.2422.77
Borrowings25.3224.9916.1512.873.878.883.131.001.001.031.11
Other Liabilities7.256.4913.777.8111.0010.7311.619.638.455.297.99
Total Liabilities35.2135.6844.1237.1433.6341.0538.6838.6938.5637.5842.89
Fixed Assets13.1516.8814.8812.6513.1813.8113.8412.6812.6715.2716.72
CWIP4.300.001.182.321.780.970.981.532.620.730.90
Investments0.000.000.001.953.092.030.000.000.000.001.70
Other Assets17.7618.8028.0620.2215.5824.2423.8624.4823.2721.5823.57
Total Assets35.2135.6844.1237.1433.6341.0538.6838.6938.5637.5842.89
Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity4.036.029.4610.311.710.682.933.66-0.21-0.12
Cash from Investing Activity-1.40-1.23-2.85-3.08-0.600.06-1.26-2.16-1.320.50
Cash from Financing Activity-2.92-3.78-4.92-9.904.52-6.06-2.42-0.19-0.12-0.16
Net Cash Flow-0.291.001.68-2.675.63-5.32-0.751.31-1.640.23
Free Cash Flow2.544.687.968.02-0.53-1.681.471.07-2.06-2.95
CFO/OP57%96%158%184%44%29%64%139%10%3%
Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days82.6187.12118.2552.6652.4060.70109.7872.9473.4879.66121.05
Inventory Days155.08104.5399.6142.9080.9691.9693.2442.29159.0280.31228.81
Days Payable130.7398.14150.0355.84125.63118.08160.1273.30164.4957.72159.35
Cash Conversion Cycle106.9693.5067.8439.727.7234.5942.9041.9468.01102.25190.51
Working Capital Days30.0830.8430.79-6.5210.29-10.6349.9670.4495.97103.55168.43
ROCE %15.19%17.64%13.67%14.90%14.92%12.89%23.34%6.83%9.58%7.53%
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters73.50%73.50%73.50%73.50%73.50%73.50%73.50%73.50%73.50%73.50%73.50%73.50%
Public26.50%26.50%26.50%26.50%26.50%26.50%26.50%26.50%26.50%26.50%26.50%26.50%
No. of Shareholders9051,3721,2981,4801,4161,6231,5761,5051,5051,8611,6381,596

Fundamentals

Market Cap₹ 257 Cr.
Current Price₹ 233
Stock P/E63.4
Book Value₹ 30.7
ROCE7.53 %
ROE7.32 %
Dividend Yield0.00 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)17%
Compounded Profit Growth (TTM)196%
Standalone figures.
Valuation
Market capRs 237 Cr
Enterprise valueRs 237 Cr
P/E (TTM)58.59x
Price to book7.02x
Price to sales5.75x
EV / EBITDA39.21x
EV / EBIT49.24x
EV / sales5.74x
Earnings yield1.71%
P/E, 3-year average93.86x
P/B, 3-year average4.93x
P/E, 5-year average70.78x
P/B, 5-year average4.70x
Profitability
Operating margin (excl. other income)10.09%
Operating margin (incl. other income)12.28%
EBITDA margin14.64%
Pre-tax margin11.05%
Net profit margin9.82%
Net margin, latest quarter9.81%
ROE7.78%
ROCE7.92%
ROA6.29%
ROE, 3-year average6.19%
ROCE, 3-year average8.32%
ROA, 3-year average4.88%
ROE, 5-year average9.15%
ROCE, 5-year average12.33%
ROA, 5-year average6.35%
ROIC (approx.)14.97%
Tax rate-3.70%
Other income / net worth2.04%
Growth
Sales growth (latest year)-18.13%
Profit growth (latest year)17.67%
Sales CAGR, 3 years-19.92%
Sales CAGR, 5 years-7.83%
Profit CAGR, 3 years-15.00%
Profit CAGR, 5 years-1.15%
Sales growth QoQ59.54%
Profit growth QoQ225.00%
Sales growth YoY (latest quarter)130.35%
Profit growth YoY (latest quarter)894.12%
Per share
EPS (TTM)Rs 3.68
EPS (latest year)Rs 2.30
EPS (latest quarter)Rs 1.53
EPS, 3-year averageRs 1.73
EPS, 5-year averageRs 2.25
Book value per shareRs 30.66
Sales per shareRs 37.44
Cash flow per shareRs -0.11
Free cash flow per shareRs -2.68
Efficiency
Asset turnover0.73x
Fixed asset turnover1.88x
Inventory turnover2.04x
Inventory days179 days
Debtor days121 days
Debtors turnover3.02x
Creditor days159 days
Cash conversion cycle191 days
Working capital days168 days
Leverage
Total debtRs 1 Cr
Cash and bankRs 2 Cr
Net debtRs -0 Cr
Debt to equity0.03x
Net debt / EBITDA-0.08x
Interest coverage19.24x
Owners' fund to total sources78.78%
Debt to assets2.59%
Cash flow
Cash from Operating Activity (latest year)Rs -0 Cr
Cash from Investing Activity (latest year)Rs 0 Cr
Cash from Financing Activity (latest year)Rs -0 Cr
Net Cash Flow (latest year)Rs 0 Cr
Free cash flow (latest year)Rs -3 Cr
FCFE (approx.: FCF + change in debt)Rs -3 Cr
Cash from ops / profit, 5 years0.56x
Statement figures
Net sales (TTM)Rs 41 Cr
Net sales (latest year)Rs 32 Cr
Sales (latest quarter)Rs 17 Cr
Operating profit excl. other income (latest year)Rs 3 Cr
Operating profit (latest quarter)Rs 2 Cr
Other income (TTM)Rs 1 Cr
EBITDA (TTM)Rs 6 Cr
PBDT (TTM)Rs 6 Cr
Profit before tax (TTM)Rs 5 Cr
Tax (latest year)Rs -0 Cr
Net profit (TTM)Rs 4 Cr
Net profit (latest year)Rs 3 Cr
Net profit (latest quarter)Rs 2 Cr
Depreciation (TTM)Rs 1 Cr
Depreciation (latest quarter)Rs 0 Cr
Interest (TTM)Rs 0 Cr
Cost of goods sold (latest year)Rs 19 Cr
Total expenditure (latest year)Rs 28 Cr
Total income (latest year)Rs 32 Cr
Share capitalRs 11 Cr
ReservesRs 23 Cr
Shareholders' fundsRs 34 Cr
Total assetsRs 43 Cr
Net blockRs 17 Cr
Capital work in progressRs 1 Cr
InvestmentsRs 2 Cr
ReceivablesRs 10 Cr
InventoryRs 9 Cr
Other liabilitiesRs 8 Cr
Shares outstanding (crore)1.10
Ownership
Promoter holding73.50% (+0.00 in a year)
Computed by MarketFriction from the standalone statements. Returns use average balances.
P/E 58.6 is at the 65th percentile of its own 7.2-year range (median 46.3, low 19.1, high 201.7).
P/B 7.02 is at the 87th percentile (median 5.36).
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.
PeriodARVEENifty 50Difference
1 week-4.0%-2.8% -1.2 pts
1 month+31.1%-6.8% +37.9 pts
3 months+30.5%-7.6% +38.1 pts
6 months+60.4%+0.4% +60.0 pts
1 year+19.3%-9.9% +29.2 pts
2 years+19.6%-13.6% +33.2 pts
3 years+89.1%+14.2% +75.0 pts
5 years+142.6%+27.9% +114.7 pts

Red flags

F-score 5 of 8
explainReceivables outrunning sales Receivables grew 24% vs sales -18% in 2026
lookInventory outrunning sales Inventory grew 102% vs sales -18% in 2026
lookOn NSE surveillance On NSE surveillance: ASM long-term
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 ₹17 Cr +130.3% vs Jun 2025. Net profit ₹2 Cr +894.1%.

Activity

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No bulk or block deals on record.
Ex-dateActionFactor
2024-09-20Annual General Meeting
2023-09-15Annual General Meeting
2022-07-28Annual General Meeting
2021-09-16 Annual General Meeting
DateTypeWhat it says
2026-09-30Shareholder meetingVoting results.
2026-09-29Shareholder meetingProceedings of Annual General Meeting held today that is 29th September, 2026
2026-09-09CessationCessation of Mrs Raina Singh as Company Secretary & Compliance Officer of the company w.e.f. September 09, 2026.
2026-08-07Board meeting outcomeArvee Laboratories (India) Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2026.
2026-08-04CorrigendumCorrigendum to Other
2026-06-15Disclosure under SEBI TakeovShalin Patel has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of India (Substantial Acqu...
2026-05-19Board meeting outcomeArvee Laboratories (India) Limited has submitted to the Exchange, the financial results for the period ended March 31, 2026.
2026-04-15Price movementSignificant movement in price has been observed in Arvee Laboratories (India) Limited. The Exchange, in order to ensure that investors have latest rel...
2026-04-13Price movementSignificant movement in price has been observed in Arvee Laboratories (India) Limited. The Exchange, in order to ensure that investors have latest rel...
2026-03-06Price movementSignificant movement in price has been observed in Arvee Laboratories (India) Limited. The Exchange, in order to ensure that investors have latest rel...
2026-02-13Board meeting outcomeArvee Laboratories (India) Limited has submitted to the Exchange, the financial results for the period ended December 31, 2025.
2026-02-13Board meeting outcomeBoard meeting held on February 13, 2026.
2026-02-09CorrigendumCorrigendum to Board Meeting to be held on 13th february 2026
2025-12-24Price movementSignificant movement in price has been observed in Arvee Laboratories (India) Limited. The Exchange, in order to ensure that investors have latest rel...
2025-12-19Price movementSignificant movement in price has been observed in Arvee Laboratories (India) Limited. The Exchange, in order to ensure that investors have latest rel...
2025-11-14Board meeting outcomeArvee Laboratories (India) Limited has submitted to the Exchange, the financial results for the period ended September 30, 2025.
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.
Long Term Additional Surveillance Measure (Long Term ASM): stage 1Scrip PE is greater than 50 (4 trailing quarters)
Data: NSE and BSE daily reports, company filings. Numbers only, not investment advice, not a SEBI-registered research service.Updated 2026-10-03