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Prices as of 9 Oct 2026 close · Not investment advice

Aartech Solonics Limited

NSE: AARTECHHeavy Electrical EquipmentTrade-to-trade true

Share price

₹47.82

+0.27% close of 9 Oct 2026

Market cap ₹152 CrP/E 30.4

Price-based ratios (P/B, dividend yield, EV/EBITDA) are as of 7 Oct 2026, the close above is 9 Oct 2026.

Business score

How strong the business is, in one number. The parts behind it are in Pro.

69

out of 100 · worked out 9 Oct 2026

How the business score works

Your ratios

The numbers you want to see first. Tap Edit to change them.

Market cap

₹152 Cr

P/E ratio

30.4

P/B ratio

4.3

ROCE

17.9%

ROE

12.0%

Dividend yield

0.3%

Price & valuation chart

How the share price and its valuation have moved. Hover over the chart to see any day. Prices as of the last close.

Prices as of 9 Oct 2026 close52-week high ₹62.9352-week low ₹34.80

Answers

Simple answers to the questions investors ask most, from the company's own numbers.

How fast it has been growing

Sales grew 28.6% over the past year, and 19.2% a year over its longer record. Meanwhile what it keeps of every 100 rupees of sales improved from -7.1% to 18.2% over the last three years.

Whether it grew faster than its sector

It grew 19.2% a year against a sector median of 10.6% — 8.5 percentage points faster.

Room to re-rate, or risk of de-rating

At 30.4× earnings against a market that pays 24.1× across 2199 companies we can price. Its own industry sits at 51.0×, across 5 companies. It is against its own five-year median of 70.8×, the 1st percentile of its own range.

Whether growth justifies the valuation

Priced at 0.7 times its growth rate, on earnings growth of 44%.

Profit growthPrice per ₹1 profitPer 1% growth
Aartech Solonics Limited — this one44%/yr30.4×₹0.69
Atlanta Electricals Limited32%/yr60.9×₹1.9
Karamtara Engineering Limited75%/yr51.0×₹0.68
Quality Power Electrical Equipments Limited81%/yr89.4×₹1.1
Inox Wind Limited38%/yr33.5×₹0.88
Voltamp Transformers Limited14%/yr32.5×₹2.3

Compared with companies filed under the same label. That grouping comes from the exchange's filing category, so some of them may not be real rivals.

How it compares with its peers

Against companies the exchange files under the same label (Heavy Electrical Equipment), it ranks 24 of 36 on returns, 10 of 31 on growth, 17 of 36 on margin. That grouping comes from the exchange's filing category, so some of them may not be real rivals.

What makes it hard to beat — and is that still true?

No durable advantage shows in the numbers: it earns 17.9% on capital, ahead of 33% of companies filed under the same label. That grouping comes from the exchange's filing category, so some of them may not be real rivals.

Whether its growth pays for itself

No — Over the last five years the business itself consumed ₹4 crore of cash before any plant spend, funded mostly borrowed — borrowings rose from ₹1 crore to ₹6 crore. And the profit is not backed by cash: it reported a profit over 9 years and consumed cash from the business. Its cash comes back faster than it used to: it went from being waiting 158.6 days for its cash to waiting 136.3 days for its cash.

Profit reality check

Is the profit real cash? Simple checks on the accounts. Facts only, not advice.

8 of 10 checks clear · 80%

How the profit check works

Latest result · Q1 FY27

What the last results showed. Whether management kept its word is in Pro.

Announced 13 Aug 2026 · Consolidated · Unaudited

Revenue

₹7 Cr

Revenue vs last year

+67.9%

Revenue vs last quarter

-58.3%

Net profit

₹2 Cr

Profit vs last year

+146.4%

Profit vs last quarter

+154.5%

Net margin

21.3%

EPS

₹0.49

Checklist before you investPRO

Points for and against, in one list.

Key numbers & peers

The main numbers grouped by topic, and how the company compares with similar ones.

Price

Market cap
₹152 Cr
Prev close
₹47.82
52w High
₹64.8
52w Low
₹33.5
Enterprise value
₹145 Cr
Beta
1.2
Price CAGR 1y
-11.0%
Price CAGR 3y
-6.0%
Price CAGR 5y
34.0%
Price CAGR 10y
—

Ratios

Return on assets
7.8%
PEG ratio
0.6
P/E ratio
30.4
P/B ratio
4.3
EV / EBITDA
20.5
Industry P/E
48.8
ROCE
17.9%
ROCE 5y average
8.8%
ROE
12.0%
Debt / Equity
0.2
Interest coverage
9.2
Dividend yield
0.3%
ROE 3y average
7.0%
ROE last year
12.0%

Annual P&L

Annual revenue
₹41 Cr
Annual profit
₹4 Cr
Operating margin
16.3%
Net profit margin
9.7%
EBITDA margin
16.3%
Sales growth 3y
23.5%
Sales growth 5y
30.1%
Profit growth 3y
44.0%
Profit growth 5y
188.0%
EPS
₹1.3
Sales growth TTM
29.0%
Profit growth TTM
102.0%
Dividend payout
10.0%

Quarter P&L

Sales latest quarter
₹7 Cr
Profit latest quarter
₹2 Cr
YoY quarterly sales growth
68.0%
YoY quarterly profit growth
146.0%
OPM latest quarter
12.2%

Balance Sheet

Book Value
₹11.0
Face Value
₹5.0
Total debt
₹6 Cr
Total cash
₹3 Cr
Borrowings
₹6 Cr
Reserves / Equity
1.2

Cash Flow

Operating cash flow
-₹1 Cr
Free cash flow
-₹1 Cr
FCF yield
-1.2%
Net cash flow
₹1 Cr

Shareholding

Promoter holding
52.8%
FII holding
0.0%
DII holding
0.0%
Public holding
47.2%

Peer comparison

CompanyPrice ₹P/EMkt cap ₹ CrDiv yield %Profit qtr ₹ CrProfit var %Sales qtr ₹ CrSales var %ROCE %
B H E L448.5064.31,56,3430.31376.7182.77,697.740.39.1
A B B7,005.0096.51,48,7220.56362.38.03,558.921.029.9
CG Power & Ind894.50110.81,41,0650.15308.316.33,280.814.026.7
Hitachi Energy31,610.00117.51,39,9640.03294.2123.52,493.768.629.4
Siemens3,793.0090.01,35,2170.472,143.1-18.64,713.714.821.4
Siemens Ener.Ind3,344.0078.11,19,2110.12440.967.82,485.639.367.8
GE Vernova T&D4,316.3081.61,10,1320.23363.024.61,836.138.077.4
Aartech Solonics47.6128.31510.261.663.57.368.017.9
Median448.5033.66,1140.0441.215.5466.320.123.5

Competes with: ABB India, Bharat Heavy Electricals, CG Power and Industrial Solutions Limited, GE Vernova T&D India Limited, Hitachi Energy India Limited, Siemens Energy India Limited, Siemens India

Quarterly results

Sales and profit for each of the last 13 quarters. Newest on the right. ₹ crore.

Consolidated · to 30 Jun 2026
Line itemJun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales6.389.057.349.986.619.419.78114.34127.38177.29
Expenses6.018.997.819.466.928.418.69134.439.315.04166.40
Material Cost3.702.806.904.09112.71
Change in Inventories0.27-1.08-0.90-1.661.440.97
Purchases of Stock-in-Trade000000
Employee Cost1.721.131.151.121.761.23
Other Expenses6.851.562.161.491.891.48
Operating Profit0.370.06-0.470.52-0.3111.09-1.98-0.092.392.341.450.89
OPM %5.800.66-6.405.21-4.691111-19-2.0720328.3012
Other Income0.800.631.440.282.080.980.63-0.691.400.35-0.920.521.64
Exceptional items (within Other Income)000.04-1.221.220
Interest0.140.130.140.160.130.180.130.110.210.170.150.220.21
Depreciation0.010.110.120.140.120.140.130.110.130.130.130.130.13
Profit before tax1.020.450.710.501.521.661.46-2.890.972.441.141.622.19
Tax %27018176319.64-26-443512506329
Net Profit0.730.450.59-0.381.041.511.84-1.630.632.150.580.611.55
EPS in Rs0.230.140.19-0.130.330.480.58-0.530.300.680.190.210.49
Diluted EPS in Rs-0.510.200.680.180.190.49

Profit & loss

Yearly sales, costs and profit for 12 years, plus the last 12 months (TTM). ₹ crore.

Consolidated · to 31 Mar 2026
Line itemMar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales9.79141011162233364144
Expenses9.65141010142032353437
Material Cost1825
Change in Inventories0.05-2.20
Purchases of Stock-in-Trade00
Employee Cost4.735.15
Other Expenses147.10
Operating Profit0.140.33-0.020.502.531.290.481.616.667.07
OPM %1.432.35-0.204.56155.951.474.431616
Other Income1.221.090.490.581.451.473.141.180.791.59
Exceptional items (within Other Income)00
Interest0.080.190.210.240.210.280.570.550.750.75
Depreciation0.320.270.300.380.340.440.470.500.520.52
Profit before tax0.960.96-0.040.463.432.042.581.746.187.39
Tax %214640046183049-5936
Net Profit0.760.51-0.190.262.801.421.322.763.974.89
EPS in Rs0.340.16-0.060.080.880.450.420.871.251.57
Diluted EPS in Rs0.871.25
Dividend Payout %00013619001410

Compounded growth

Average yearly growth over different spans, as stored. A span can cross a demerger or an acquisition.

Compounded sales growth

10 years
—
5 years
30%
3 years
24%
TTM
29%

Compounded profit growth

10 years
—
5 years
188%
3 years
44%
TTM
102%

Stock price CAGR

10 years
—
5 years
34%
3 years
-6%
1 year
-11%

Return on equity

10 years
—
5 years
7%
3 years
7%
Last year
12%

Balance sheet

What the company owns and what it owes, at the end of each year. ₹ crore.

Consolidated
Line itemMar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital4.947.067.067.061111111616
Reserves131818181718191619
Borrowings-0.011.102.361.110.652.694.155.645.62
Other Liabilities2.261.972.802.554.025.117.285.709.90
Minority Interest0.04-0.04
Total Liabilities202830293237414351
Fixed Assets4.685.065.275.015.104.915.075.054.96
CWIP00000000.050.15
Investments4.416.428.476.628.131114139.62
Other Assets111716171921222536
Total Assets202830293237414351

Cash flows

Real money coming in and going out each year — from the business, from investments and from loans. ₹ crore.

Consolidated
Line itemMar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity0.04-1.401.27-1.611.66-4.821.49-1.52-0.75
Cash from Investing Activity-1.14-6.06-4.232.28-1.273.84-0.931.282.75
Cash from Financing Activity2.288.30-0.48-0.39-0.231.170.400.28-0.90
Net Cash Flow1.180.85-3.430.280.160.190.970.011.10
Free Cash Flow-1.20-2.030.82-1.721.45-3.450.85-1.96-1.12

Ratios

How fast customers pay, how long stock sits, and how well capital earns — year by year.

Consolidated
Line itemMar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days12913216821316017810659146
Inventory Days275105194138121147132223176
Days Payable343911989971189486108
Cash Conversion Cycle370198244262185207144196214
Working Capital Days2251871892301591828593136
ROCE %3.74-0.261.068.477.454.815.6518

Shareholding pattern

Who owns the company — founders (promoters), foreign funds, Indian funds and the public. In %.

Consolidated · to 30 Jun 2026
Line itemSep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters535353535353535353535353
FIIs0.0200.0100.020000000.01
DIIs001.391.391.391.391.671.380.31000
Public474746464646464647474747
No. of Shareholders3,5524,2274,7345,66211,25113,08214,35913,86614,35814,27413,77914,117

Price trend

The price as a Renko brick chart: small moves drop out so the bigger path stands out.

Change over 1 year -10.2% (₹53.24 → ₹47.82)Brick size ₹1.95 (fixed)Bricks 56
₹40.00₹60.00₹47.82Nov '25Jan '26Mar '26May '26Jul '26Sep '26
Price moved up one brickPrice moved down one brickLast close ₹47.82 on 9 Oct 2026

Every brick is the same size, about one typical day's move. A new brick needs a full brick's move; turning the other way needs two. Bricks show where the price went, not where it will go.

Open interestPRO

Where option traders are positioned on this stock.

Industry numbers

The numbers that matter most in this industry, from the company's own filings.

1 when an audit qualification is filed as repetitive

0.00flag

2026-03-31

the company's own unlisted debt securities in default at period end

0.00cr

2026-06-30

exports as % of revenue

10.00

the company's own loans / revolving facilities in default at period end (standalone filing)

0.00cr

2026-06-30

net debt from the filed balance sheet at the newest year end: Borrowings − Cash Equivalents − Investments (Current); negative = net cash

-6.76inr_cr

2026-03-31

guarantees / comfort given for promoter, promoter group, directors and KMP

0.00cr

2026-03-31

loans outstanding to promoter, promoter group, directors and KMP (governance filing)

0.00cr

2026-03-31

security given for the borrowing of promoter, promoter group, directors and KMP

0.00cr

2026-03-31

News

News and filings about Aartech Solonics Limited. Open one to see why it matters.

No recent news for this company.

Supply chain

Who it buys from, sells to and competes with — as recorded in our map of company links.

Competes with

Uses as raw material

  • aluminium
  • copper
  • electronic components
  • engineering plastics

Depends on the price of

  • aluminium
  • copper

Sells to

  • Adani Group · Bus Transfer Systems and control and relay panels
  • Andhra Pradesh Power Generation Corporation · Bus Transfer Systems and control and relay panels
  • Bharat Heavy Electricals · Bus Transfer Systems and control and relay panels
  • Companhia Vale do Rio Doce (CVRD / Vale) · Bus Transfer Systems for mining and process installations
  • Dangote Group · Bus Transfer Systems for process plants (Africa)
  • Defence Research and Development Organisation · Ultracapacitor based Energy Storage System (UCESS) scaled-down pilot for EMALS
  • Haldia Petrochemicals Ltd · Bus Transfer Systems for petrochemical process plants
  • Indian Air Force · Rugged mil-grade energy and power electronics systems
  • Indian Navy · Rugged mil-grade energy and power electronics systems
  • Indian Oil Corporation · High-Speed Bus Transfer (HSBT) systems for 6.6 kV boards
  • Indian Railways · Control and relay panels and power switching systems
  • Maharashtra State Power Generation Company (MAHAGENCO) · Bus Transfer Systems and control and relay panels
  • NTPC Limited · Bus Transfer Systems, Control and Relay Panels for thermal power stations
  • Nuclear Power Corporation of India Limited (NPCIL) · Bus Transfer Systems and control and relay panels
  • Oil & Natural Gas Corporation · Bus Transfer Systems and control/relay panels for process installations
  • Schneider Electric Infrastructure Limited · Bus Transfer Systems / control and relay panels supplied into substation packages
  • Siemens India · Bus Transfer Systems / control and relay panels supplied into substation packages
  • State Electricity Boards · Control and relay panels, SCADA-compatible panels for T&D substations

About

What the company is, from our own records: where it sits, where it makes things, and what it is made of.

Sector
Capital Goods
Industry
Heavy Electrical Equipment
Classification
Capital Goods › Heavy Electrical Equipment
ISIN
INE01C001026

Plants

  • Mandideep Manufacturing Unit
  • Parwanoo Manufacturing Unit

News impact

Big market events that reach Aartech Solonics Limited, and how the effect spreads.

No recent market events reach this company.

Dividends, splits & big trades

Money paid out, share splits and buybacks, and big buys or sells by funds and insiders.

Dividends

22 Sep 2026unspecified₹0.125
23 Sep 2025unspecified₹0.125
23 Sep 2024unspecified₹0.25
9 Aug 2024split₹0
9 Aug 2024bonus₹0
22 Sep 2023unspecified₹0.5

Splits, bonuses & buybacks

  • daily-prices repair: 9 rows from NSE's archive (replace 4, delete 0, insert 5), 2023-11-12..2026-02-01 (docs/flat_day_repair.md)1× · 12 Nov 2023

Bulk & block deals

DateWhoBought / soldSharesPrice
20 Aug 2026KABRA KAILASHSELL2,37,155₹49.61
20 Aug 2026KABRA KAILASHBUY1,155₹50.21
8 Jul 2026KRISHNA AWTAR KABRABUY2,86,503₹51.51
8 Jul 2026KRISHNA AWTAR KABRASELL2,86,503₹50.14
8 Jul 2026JIGNESH R SHAH HUFSELL1,87,402₹53.22
7 Jul 2026KRISHNA AWTAR KABRABUY2,87,248₹55.29
7 Jul 2026KRISHNA AWTAR KABRASELL2,73,726₹55.71
7 Jul 2026AMJAY IMPEX PRIVATE LIMITEDSELL2,00,000₹55.00
6 Jul 2026KRISHNA AWTAR KABRASELL2,57,354₹56.30
6 Jul 2026AMJAY IMPEX PRIVATE LIMITEDBUY2,00,000₹57.05

Documents

Annual reports, results presentations and earnings calls, straight from the source.

Facts from company filings and exchange data. Not investment advice: nothing here tells you to buy or sell.