Aarti Pharmalabs Limited
NSE: AARTIPHARMPharmaceuticals
Share price
₹855.50
-2.68% close of 9 Oct 2026
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.
53
out of 100 · worked out 8 Oct 2026
Your ratios
The numbers you want to see first. Tap Edit to change them.
Market cap
₹7,763 Cr
P/E ratio
36.8
P/B ratio
3.7
ROCE
10.7%
ROE
8.6%
Dividend yield
0.4%
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.
Answers
Simple answers to the questions investors ask most, from the company's own numbers.
How fast it has been growing
Sales grew 1.2% over the past year, and -0.0% a year over its longer record. Meanwhile what it keeps of every 100 rupees of sales improved from 17.5% to 21.6% over the last three years.
Whether it grew faster than its sector
It grew -0.0% a year against a sector median of 13.1% — 13.1 percentage points slower.
Room to re-rate, or risk of de-rating
At 36.8× earnings it costs 1.5× the market, which pays 23.9× across 2199 companies we can price. Its own industry sits at 78.7×, across 5 companies. It is against its own five-year median of 26.0×, the 99th percentile of its own range.
Whether growth justifies the valuation
Its earnings are falling, so growth cannot justify the price.
| Profit growth | Price per ₹1 profit | Per 1% growth | |
|---|---|---|---|
| Aarti Pharmalabs Limited — this one | -3%/yr | 36.8× | — |
| Sun Pharmaceutical | 13%/yr | 33.4× | ₹2.6 |
| Divi's Laboratories | 13%/yr | 83.3× | ₹6.4 |
| Torrent Pharmaceuticals | 22%/yr | 78.7× | ₹3.6 |
| Zydus Lifesciences | 32%/yr | 23.1× | ₹0.72 |
| Laurus Labs Limited | 4%/yr | 98.6× | ₹24.7 |
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 (Pharmaceuticals), it ranks 86 of 130 on returns, 117 of 127 on growth, 56 of 130 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 10.7% on capital, ahead of 34% 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 it made ₹1014 crore of cash from the business but spent ₹1351 crore on plant and equipment, ₹337 crore more than it made; the gap was mostly borrowed — borrowings rose from ₹338 crore to ₹754 crore. And the profit is real: of every 100 rupees it reported over 6 years, about 104 arrived as cash (before interest, which is why it can exceed the profit). Its cash comes back faster than it used to: it went from being waiting 111 days for its cash to waiting 90 days for its cash.
Profit reality check
Is the profit real cash? Simple checks on the accounts. Facts only, not advice.
7 of 9 checks clear · 78%
Latest result · Q1 FY27
What the last results showed. Whether management kept its word is in Pro.
Record caffeine-ingredients quarter lifted sales 39%, but the new plant landed three months late.
Announced 7 Aug 2026 · Consolidated · Unaudited
Revenue
₹536 Cr
Revenue vs last year
+38.7%
Revenue vs last quarter
-8.0%
Net profit
₹76 Cr
Profit vs last year
+52.3%
Profit vs last quarter
+24.8%
Net margin
14.2%
EPS
₹8.40
Earnings call transcript · 10 Aug 2026
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
- ₹7,763 Cr
- Prev close
- ₹855.50
- 52w High
- ₹1,002
- 52w Low
- ₹585
- Enterprise value
- ₹8,721 Cr
- Beta
- 1.1
- Price CAGR 1y
- 15.0%
- Price CAGR 3y
- 31.0%
- Price CAGR 5y
- —
- Price CAGR 10y
- —
Ratios
- Return on assets
- 5.0%
- PEG ratio
- -12.0
- P/E ratio
- 36.8
- P/B ratio
- 3.7
- EV / EBITDA
- 23.7
- Industry P/E
- 37.6
- ROCE
- 10.7%
- ROCE 5y average
- 16.0%
- ROE
- 8.6%
- Debt / Equity
- 0.4
- Interest coverage
- 6.0
- Dividend yield
- 0.4%
- ROE 3y average
- 12.0%
- ROE last year
- 9.0%
Annual P&L
- Annual revenue
- ₹1,819 Cr
- Annual profit
- ₹175 Cr
- Operating margin
- 20.0%
- Net profit margin
- 9.6%
- EBITDA margin
- 20.3%
- Sales growth 3y
- -2.2%
- Sales growth 5y
- —
- Profit growth 3y
- -3.0%
- Profit growth 5y
- —
- EPS
- ₹19.3
- Sales growth TTM
- 1.0%
- Profit growth TTM
- -19.0%
- Dividend payout
- 18.0%
Quarter P&L
- Sales latest quarter
- ₹536 Cr
- Profit latest quarter
- ₹76 Cr
- YoY quarterly sales growth
- 38.7%
- YoY quarterly profit growth
- 52.0%
- OPM latest quarter
- 25.4%
Balance Sheet
- Book Value
- ₹236
- Face Value
- ₹5.0
- Total debt
- ₹754 Cr
- Total cash
- ₹10 Cr
- Borrowings
- ₹754 Cr
- Reserves / Equity
- 46.2
Cash Flow
- Operating cash flow
- ₹262 Cr
- Free cash flow
- -₹186 Cr
- FCF yield
- -3.0%
- Net cash flow
- ₹2 Cr
Shareholding
- Promoter holding
- 42.9%
- FII holding
- 8.2%
- DII holding
- 7.2%
- Public holding
- 41.7%
Peer comparison
| Company | Price ₹ | P/E | Mkt cap ₹ Cr | Div yield % | Profit qtr ₹ Cr | Profit var % | Sales qtr ₹ Cr | Sales var % | ROCE % |
|---|---|---|---|---|---|---|---|---|---|
| Sun Pharma.Inds. | 1,781.00 | 33.9 | 4,28,057 | 0.90 | 2,901.2 | 6.0 | 15,299.9 | 10.5 | 20.5 |
| Divi's Lab. | 9,588.00 | 85.5 | 2,54,665 | 0.31 | 902.0 | 65.5 | 3,080.0 | 27.8 | 22.0 |
| Torrent Pharma. | 4,716.20 | 80.3 | 1,79,164 | 0.81 | 566.0 | 5.8 | 4,921.0 | 54.9 | 15.2 |
| Zydus Lifesci. | 1,153.00 | 23.6 | 1,14,963 | 0.09 | 990.2 | -35.1 | 8,017.0 | 22.0 | 21.1 |
| Laurus Labs | 2,052.80 | 101.3 | 1,10,699 | 0.10 | 362.1 | 125.5 | 2,026.3 | 29.1 | 17.8 |
| Cipla | 1,327.20 | 29.9 | 1,06,997 | 0.98 | 785.6 | -39.2 | 7,119.3 | 2.3 | 15.5 |
| Mankind Pharma | 2,500.00 | 48.7 | 1,03,876 | 0.04 | 574.1 | 29.6 | 4,030.6 | 12.9 | 13.5 |
| Aarti Pharma | 953.35 | 40.2 | 8,648 | 0.37 | 76.1 | 53.8 | 535.8 | 38.7 | 10.7 |
| Median | 417.90 | 34.4 | 2,208 | 0.07 | 13.5 | 29.5 | 164.0 | 18.4 | 15.0 |
Competes with: Aurobindo Pharma, Cipla, Divi's Laboratories, Dr Reddy's Laboratories, Laurus Labs Limited, Lupin, Mankind Pharma Limited, Sun Pharmaceutical, Torrent Pharmaceuticals, Zydus Lifesciences
Quarterly results
Sales and profit for each of the last 13 quarters. Newest on the right. ₹ crore.
| Line item | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 458 | 440 | 449 | 506 | 555 | 458 | 538 | 564 | 386 | 418 | 432 | 583 | 536 |
| Expenses | 373 | 352 | 353 | 388 | 459 | 364 | 409 | 418 | 293 | 344 | 330 | 470 | 400 |
| Material Cost | 191 | 203 | 209 | 226 | 252 | ||||||||
| Change in Inventories | -44 | -17 | -39 | 49 | -43 | ||||||||
| Purchases of Stock-in-Trade | 22 | 23 | 2.14 | 8.73 | 27 | ||||||||
| Employee Cost | 41 | 43 | 43 | 45 | 50 | ||||||||
| Other Expenses | 80 | 90 | 114 | 141 | 113 | ||||||||
| Operating Profit | 85 | 88 | 96 | 118 | 96 | 94 | 129 | 146 | 93 | 74 | 102 | 113 | 136 |
| OPM % | 19 | 20 | 21 | 23 | 17 | 20 | 24 | 26 | 24 | 18 | 24 | 19 | 25 |
| Other Income | 0 | 1 | 1 | 2 | 2 | 4 | 5 | -2 | 2 | 0 | 2 | 14 | 8 |
| Exceptional items (within Other Income) | 0 | 0 | -2.79 | 0 | 0 | ||||||||
| Interest | 4 | 4 | 4 | 5 | 5 | 6 | 10 | 7 | 7 | 11 | 13 | 17 | 13 |
| Depreciation | 17 | 18 | 19 | 19 | 20 | 21 | 23 | 23 | 23 | 25 | 29 | 28 | 30 |
| Profit before tax | 64 | 67 | 74 | 96 | 74 | 72 | 101 | 115 | 65 | 39 | 63 | 82 | 101 |
| Tax % | 26 | 23 | 29 | 32 | 25 | 24 | 26 | 23 | 24 | 28 | 24 | 25 | 25 |
| Net Profit | 47 | 52 | 53 | 65 | 55 | 55 | 74 | 88 | 50 | 28 | 48 | 61 | 76 |
| EPS in Rs | 5.20 | 5.72 | 5.82 | 7.20 | 6.12 | 6.03 | 8.16 | 9.75 | 5.46 | 3.08 | 5.29 | 6.74 | 8.40 |
| Diluted EPS in Rs | 5.46 | 3.08 | 5.29 | 6.74 | 8.39 |
Profit & loss
Yearly sales, costs and profit for 12 years, plus the last 12 months (TTM). ₹ crore.
| Line item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|
| Sales | 0 | 1,200 | 1,945 | 1,853 | 2,115 | 1,819 | 1,969 |
| Expenses | 0 | 993 | 1,603 | 1,467 | 1,649 | 1,450 | 1,543 |
| Material Cost | 830 | ||||||
| Change in Inventories | -51 | ||||||
| Purchases of Stock-in-Trade | 56 | ||||||
| Employee Cost | 173 | ||||||
| Other Expenses | 442 | ||||||
| Operating Profit | 0 | 207 | 342 | 386 | 466 | 369 | 426 |
| OPM % | 17 | 18 | 21 | 22 | 20 | 22 | |
| Other Income | 0 | 3 | 2 | 5 | 8 | 15 | 23 |
| Exceptional items (within Other Income) | -2.79 | ||||||
| Interest | 0 | 12 | 21 | 17 | 27 | 47 | 53 |
| Depreciation | 0 | 42 | 63 | 73 | 87 | 104 | 112 |
| Profit before tax | 0 | 155 | 261 | 300 | 361 | 233 | 284 |
| Tax % | 21 | 26 | 28 | 24 | 25 | ||
| Net Profit | 0 | 122 | 193 | 217 | 272 | 175 | 213 |
| EPS in Rs | 21 | 24 | 30 | 19 | 24 | ||
| Diluted EPS in Rs | 19 | ||||||
| Dividend Payout % | 0 | 9 | 13 | 17 | 18 |
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
- —
- 3 years
- -2%
- TTM
- 1%
Compounded profit growth
- 10 years
- —
- 5 years
- —
- 3 years
- -3%
- TTM
- -19%
Stock price CAGR
- 10 years
- —
- 5 years
- —
- 3 years
- 31%
- 1 year
- 15%
Return on equity
- 10 years
- —
- 5 years
- 13%
- 3 years
- 12%
- Last year
- 9%
Balance sheet
What the company owns and what it owes, at the end of each year. ₹ crore.
| Line item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Equity Capital | 0.25 | 0.25 | 45 | 45 | 45 | 45 |
| Reserves | -0 | 1,386 | 1,513 | 1,712 | 1,945 | 2,079 |
| Borrowings | 0 | 338 | 215 | 285 | 413 | 754 |
| Other Liabilities | 0 | 315 | 470 | 540 | 499 | 603 |
| Total Liabilities | 0 | 2,040 | 2,244 | 2,582 | 2,902 | 3,482 |
| Fixed Assets | 0 | 782 | 926 | 1,033 | 1,137 | 1,437 |
| CWIP | 0 | 187 | 102 | 137 | 374 | 393 |
| Investments | 0 | 32 | 87 | 107 | 77 | 194 |
| Other Assets | 0 | 1,038 | 1,130 | 1,305 | 1,315 | 1,457 |
| Total Assets | 0 | 2,040 | 2,244 | 2,582 | 2,902 | 3,482 |
Cash flows
Real money coming in and going out each year — from the business, from investments and from loans. ₹ crore.
| Line item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Cash from Operating Activity | 0 | -44 | 250 | 216 | 330 | 262 |
| Cash from Investing Activity | 0 | -139 | -158 | -215 | -412 | -431 |
| Cash from Financing Activity | 0 | 260 | -163 | 10 | 65 | 171 |
| Net Cash Flow | 0 | 78 | -71 | 12 | -17 | 2 |
| Free Cash Flow | 0 | -185 | 130 | 18 | -114 | -186 |
Ratios
How fast customers pay, how long stock sits, and how well capital earns — year by year.
| Line item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Debtor Days | 115 | 84 | 102 | 99 | 117 | |
| Inventory Days | 272 | 188 | 230 | 199 | 280 | |
| Days Payable | 123 | 106 | 135 | 94 | 146 | |
| Cash Conversion Cycle | 264 | 166 | 197 | 204 | 251 | |
| Working Capital Days | 111 | 94 | 110 | 105 | 90 | |
| ROCE % | 19 | 16 | 17 | 17 | 11 |
Price trend
The price as a Renko brick chart: small moves drop out so the bigger path stands out.
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
the company's own loans / revolving facilities in default at period end (standalone filing)
0.00cr
2026-06-30
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
FY revenue / permanent employees + workers, same basis (calc)
74,24,831inr
2026-03-31
News
News and filings about Aarti Pharmalabs 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
- dimethyl sulphate
- dimethyl urea
- key starting materials & chemical intermediates for APIs and xanthine derivatives
- solvents
Sells drug ingredients to
Sells to
- Global innovator pharma & biotech (CDMO/CMO customers) · custom intermediates / APIs (CDMO/CMO)
Buys from
- Valiant Organics Limited · Pharma intermediates / specialty chemicals (FY23 sale ~Rs 4.5 cr)
About
What the company is, from our own records: where it sits, where it makes things, and what it is made of.
- Sector
- Healthcare
- Industry
- Pharmaceuticals
- Classification
- Healthcare › Pharmaceuticals
- ISIN
- INE0LRU01027
Plants
- Aarti Pharmalabs Atali greenfield (multipurpose + CDMO)
- Aarti Pharmalabs Tarapur Unit-III
- Aarti Pharmalabs Tarapur Unit-IV (steroid block)
- Aarti Pharmalabs Tarapur Unit-V
- Aarti Pharmalabs Tarapur Unit-VI
- Aarti Pharmalabs Unit-I Dombivli
- Aarti Pharmalabs Unit-II Custom Synthesis Division
News impact
Big market events that reach Aarti Pharmalabs 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
| 15 Sep 2026 | unspecified | ₹2 |
|---|---|---|
| 16 Feb 2026 | interim | ₹1.5 |
| 15 Sep 2025 | unspecified | ₹2.5 |
| 14 Feb 2025 | interim | ₹2.5 |
| 31 Jul 2024 | unspecified | ₹1 |
| 16 Feb 2024 | interim | ₹2 |
Splits, bonuses & buybacks
- daily-prices repair: 8 rows from NSE's archive (replace 2, delete 1, insert 5), 2023-11-12..2026-02-01 (docs/flat_day_repair.md)1× · 12 Nov 2023
Bulk & block deals
| Date | Who | Bought / sold | Shares | Price |
|---|---|---|---|---|
| 21 Sep 2026 | UNIFI CAPITAL PRIVATE LIMITED | BUY | 9,15,000 | ₹820.00 |
| 18 Sep 2026 | JASMINE FAMILY TRUST | SELL | 6,27,500 | ₹820.02 |
| 11 Aug 2026 | MICROCURVES TRADING PRIVATE LIMITED | SELL | 7,17,028 | ₹904.35 |
| 11 Aug 2026 | MICROCURVES TRADING PRIVATE LIMITED | BUY | 7,17,028 | ₹903.94 |
| 11 Aug 2026 | NK SECURITIES RESEARCH PRIVATE LIMITED | SELL | 6,40,653 | ₹903.73 |
| 11 Aug 2026 | NK SECURITIES RESEARCH PRIVATE LIMITED | BUY | 6,40,416 | ₹903.39 |
| 11 Aug 2026 | QE SECURITIES LLP | BUY | 5,76,747 | ₹899.52 |
| 11 Aug 2026 | QE SECURITIES LLP | SELL | 5,70,009 | ₹902.18 |
| 11 Aug 2026 | JUNOMONETA FINSOL PRIVATE LIMITED | BUY | 4,57,940 | ₹901.69 |
| 11 Aug 2026 | JUNOMONETA FINSOL PRIVATE LIMITED | SELL | 4,55,661 | ₹902.03 |
Insider trades
| Disclosed | Who | Type | Shares | Value ₹ Cr |
|---|---|---|---|---|
| 25 Sep 2026 | Gloire Trusteeship Services Private Limited · Promoter Group | SELL | 3,97,500 | 32.55 |
| 25 Sep 2026 | RAJENDRA VALLABHAJI GOGRI · Promoter | SELL | 3,88,725 | 31.83 |
| 25 Sep 2026 | Relacion Trusteeship Services Private Limited · Promoter | SELL | 3,80,000 | 31.12 |
| 25 Sep 2026 | ARTI RAJENDRA GOGRI · Promoter Group | SELL | 1,33,564 | 10.94 |
| 22 Sep 2026 | Relacion Trusteeship Services Private Limited · Promoter Group | SELL | 6,27,500 | 51.38 |
| 22 Sep 2026 | Gloire Trusteeship Services Private Limited · Promoter Group | SELL | 6,24,500 | 51.14 |
| 9 Sep 2026 | Relacion Trusteeship Services Private Limited · Promoter Group | SELL | 60,000 | 5.23 |
| 9 Sep 2026 | Safechem Enterprises Private Limited · Promoter Group | SELL | 59,400 | 5.20 |
| 7 Sep 2026 | Safechem Enterprises Private Limited · Promoter Group | SELL | 30,000 | 2.59 |
| 31 Aug 2026 | Safechem Enterprises Private Limited · Promoter Group | SELL | 600 | 0.05 |
Documents
Annual reports, results presentations and earnings calls, straight from the source.
- Annual report · 2025-2629 Aug 2026
- Earnings call · Q1FY2710 Aug 2026
- Earnings call7 Aug 2026
- Results presentation30 Jun 2026
- Earnings call10 Feb 2026
- Annual report · 2024-2529 Aug 2025
Facts from company filings and exchange data. Not investment advice: nothing here tells you to buy or sell.