Aries Agro Ltd.
NSE: ARIES · Fertilizers · sector
₹425.40NSE close 2026-10-26
Key numbers
Market cap₹553 cr
Price₹425.40
52w high / low₹525 / ₹285
P/E11.6xSector median 7.9x
P/B1.6xSector median 0.9x
Book value₹257.1
Dividend yield0.28%Sector median 1.02%
ROE15.3%Sector median 11.1%
ROCE21.6%Sector median 9.9%
OPM10.6%Sector median 8.8%
Debt / equity0.15xSector median 0.32x
EV/EBITDA6.9xSector median 6.8x
Interest cover4.7x
Current ratio1.69x
Sales growth 3y+16.1%Sector median -0.8%
Profit growth 3y+35.8%Sector median +1.5%
PEG0.32x
Last 12 months to Jun 2026, Consolidated. "Sector median" = middle value of 20 companies in Fertilizers (P/E median leaves out loss-making companies). Tap ? for what a number means.
Things to know
- Cash ₹49 cr vs borrowings ₹51 cr (FY26): borrowings are higher by ₹2 cr.
- Operating profit covered interest 4.7x in the last 12 months.
- No promoter shares are pledged.
- Operating cash flow was below net profit in 0 of the last 5 years.
- Net loss in 2 of the last 8 quarters.
- Revenue was higher than a year earlier in 4 of the last 4 quarters.
- Other income was 28% of net profit in the last 12 months.
- Debtor days went from 80 (FY24) to 46 (FY26).
- Dividend paid in 5 of the last 5 financial years.
- Price ₹425.40 on 2026-10-26: -18.9% from the 52-week high, +49.1% from the 52-week low.
Plain facts from the filings, built by the same fixed rules for every company. A line appears only when the data for it is available. Not a view on the stock.
Charts
Weekly close · high ₹503.70 · low ₹227.52
RevenueNet profit
RevenueNet profit
Quarterly results
| ₹ cr | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 192 | 168 | 127 | 160 | 200 | 201 | 179 | 186 |
| EBITDA | 33 | 19 | 0 | 20 | 34 | 27 | -5 | 25 |
| OPM % | 17.0% | 11.5% | 0.2% | 12.8% | 16.9% | 13.4% | -2.9% | 13.7% |
| Other income | 2 | 2 | 1 | 1 | 4 | 2 | 6 | 2 |
| Net profit | 19 | 12 | -4 | 10 | 20 | 17 | -4 | 15 |
| EPS (₹) | 14.51 | 8.91 | -2.84 | 7.71 | 15.39 | 13.26 | -3.40 | 11.47 |
| Revenue YoY | +4.1% | +19.6% | +41.1% | +16.3% | ||||
| Profit YoY | +6.0% | +48.9% | – | +48.7% |
Consolidated figures where filed. Latest quarter Jun 2026.
Profit & loss (yearly)
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 | TTM |
|---|---|---|---|---|---|---|
| Revenue | 440 | 472 | 516 | 622 | 740 | 766 |
| EBITDA | 47 | 48 | 55 | 67 | 76 | 81 |
| Net profit | 13 | 17 | 19 | 34 | 43 | 48 |
| EPS (₹) | 10.22 | 13.17 | 14.94 | 26.16 | 32.95 | 36.72 |
| Revenue growth | +7.3% | +9.4% | +20.5% | +18.9% | +18.4% | |
| Profit growth | +28.9% | +13.4% | +75.1% | +26.0% | +29.8% | |
| Dividend / share (₹) | 0.80 | 0.80 | 1.00 | 1.00 | 1.20 |
| Compounded growth | 3 years | 5 years | Last 12 months |
|---|---|---|---|
| Sales | +16.2% | +14.2% | +18.4% |
| Net profit | +35.8% | +19.0% | +29.8% |
| EPS | +35.8% | +19.0% | – |
| Share price | – | +39.9% (2y) | +26.8% |
Balance sheet
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Shareholders' equity | – | 243 | 260 | 290 | 334 |
| Borrowings | – | 96 | 70 | 44 | 51 |
| Cash & equivalents | – | 5 | 6 | 35 | 49 |
| Total assets | – | 520 | 518 | 581 | 639 |
| Fixed assets | – | 75 | 96 | 110 | 116 |
| Capital work in progress | – | 0 | 2 | 10 | 40 |
| Investments | – | 62 | 63 | 65 | 65 |
| Receivables | – | 118 | 113 | 118 | 92 |
| Inventory | – | 144 | 126 | 133 | 144 |
| Payables | – | 62 | 47 | 53 | 69 |
Year-end figures from the March annual filing.
Cash flow
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Cash from operations | 69 | 54 | 77 | 105 | 86 |
| Cash from investing | -13 | -16 | -26 | -34 | -78 |
| Cash from financing | -56 | -37 | -50 | -45 | -12 |
| Capex | 6 | 16 | 30 | 32 | 49 |
| Free cash flow | 62 | 39 | 46 | 73 | 37 |
Free cash flow = cash from operations − capex.
Ratios by year
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| ROE % | – | 7.1% | 7.5% | 11.7% | 12.8% |
| ROCE % | – | 14.4% | 15.3% | 18.9% | 20.3% |
| Debtor days | – | 91 | 80 | 69 | 46 |
| Inventory days | – | 213 | 177 | 151 | 134 |
| Payable days | – | 91 | 66 | 61 | 65 |
| Cash conversion cycle (days) | – | 213 | 191 | 159 | 115 |
| Working capital days | – | 112 | 102 | 95 | 84 |
Shareholding
| Holder | % (2026-09-30) |
|---|---|
| Promoters | 52.66% |
| FIIs | 2.49% |
| DIIs | 0.97% |
| Public (non-institutions) | 43.88% |
| Quarter | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters % | 52.66% | 52.66% | 52.66% | 52.66% | 52.66% | 52.66% | 52.66% | 52.66% |
| Promoter group | % |
|---|---|
| Rahul Mirchandani | 28.67% |
| Jimmy Mirchandani | 20.18% |
| Akshay J Mirchandani | 3.24% |
| Amol Mirchandani | 0.54% |
| Nitya Mirchandani | 0.02% |
| Public holders above 1% | % |
|---|---|
| Acadian Emerging Markets Micro-cap Equity Master Fund | 1.99% |
| Investor Education and Protection | 1.44% |
| Prudent Equity | 1.23% |
16,898 shareholders. Pledged: 0.00% of promoter shares.
Peers in Fertilizers
| Company | Market cap | P/E | P/B | ROE | ROCE | OPM | Sales 3y | Div yield |
|---|---|---|---|---|---|---|---|---|
| COROMANDEL | ₹51,053 cr | 27.8x | 4.1x | 15.5% | 21.0% | 9.6% | +2.0% | 1.04% |
| FACT | ₹43,655 cr | – | 32.3x | -7.8% | 2.6% | 0.3% | -2.6% | 0.06% |
| CHAMBLFERT | ₹14,447 cr | 7.5x | 1.4x | 20.1% | 22.0% | 13.8% | -9.2% | 2.77% |
| PARADEEP | ₹14,315 cr | 13.3x | 2.1x | 19.8% | 14.5% | 9.7% | +17.8% | 0.69% |
| GSFC | ₹5,394 cr | 7.8x | 0.4x | 5.7% | 7.2% | 6.7% | -1.3% | 3.69% |
| RCF | ₹5,215 cr | 11.7x | 1.0x | 9.1% | 10.3% | 5.6% | -4.8% | 2.46% |
| NFL | ₹2,803 cr | 7.7x | 1.0x | 13.1% | 9.6% | 4.5% | -10.1% | 2.73% |
| SPIC | ₹1,120 cr | 5.5x | 0.8x | 16.0% | 12.8% | 8.8% | +1.5% | 3.56% |
| MADRASFERT | ₹827 cr | 11.6x | 9.0x | 237.8% | 20.4% | 3.7% | -12.6% | – |
| ARIES | ₹553 cr | 11.6x | 1.6x | 15.3% | 21.6% | 10.6% | +16.1% | 0.28% |
Dividends & corporate actions
| Ex-date | Action | Detail |
|---|---|---|
| 2026-09-22 | Dividend | Dividend - Rs 1.50 Per Share/Special Dividend - Re 1 Per Share |
| 2025-09-19 | Dividend | Dividend - Rs 1.20 Per Share |
| 2024-09-13 | Dividend | Dividend - Re 1 Per Share |
| 2023-09-22 | Dividend | Dividend - Re 1 Per Share |
| 2022-09-21 | Dividend | Dividend - Re 0.80 Per Share |
| 2021-09-14 | Dividend | Dividend - Rs 0.80 Per Share |
| 2020-03-19 | Dividend | Interim Dividend - Rs 0.50 Per Share |
| 2019-09-19 | Dividend | Annual General Meeting/Dividend - Rs 1.80 Per Share |
| 2018-09-12 | Dividend | Annual General Meeting/Dividend Rs 2.30 Per Share |
| 2017-09-14 | Dividend | Annual General Meeting/Dividend - Rs 2/- Per Share |
| 2016-09-15 | Dividend | Annual General Meeting/Dividend Rs 1.50 Per Share |
| 2015-09-16 | Dividend | Annual General Meeting/ Dividend - Rs 2/- Per Share |
| 2014-09-18 | Dividend | Annual General Meeting / Dividend - Rs 2/- Per Share |
| 2013-09-19 | Dividend | Annual General Meeting And Dividend Rs.1.50 Per Share |
| 2012-09-20 | Dividend | Annual General Meeting And Dividend Rs.1.50 Per Share |
| 2011-09-22 | Dividend | Annual General Meeting And Dividend Re.1/- Per Share |
| 2011-02-10 | Dividend | Interim Dividend-Re.1/- Per Share |
| 2010-09-08 | Dividend | Annual General Meeting And Final Dividend Rs.1.50 Per Share |
| 2009-09-24 | Other | Annual General Meeting |
| 2008-08-21 | Other | Annual General Meeting |
Documents
- Annual report FY26
- Annual report FY25
- Annual report FY24
- Annual report FY23
- Annual report FY22
- Announcements NSE filings
- Latest results (data file) XBRL
- Announcements BSE filings
Links go to the original files on the exchange website.
About the company
| Sector | Commodities |
| Industry | Fertilizers |
| Sub-industry | Fertilizers |
| Symbol | ARIES |
| BSE code | 532935 |
| ISIN | INE298I01015 |
| Face value | ₹10.0 |
| Incorporated | – |
| Website | – |
| Plants (India / abroad) | – |
Data built 2026-10-23 from NSE company filings (XBRL: Integrated Filing - Financials + financial results), NSE shareholding & pledge data; price = NSE close 2026-10-26.