Aarti Industries logo

Aarti Industries share price

NSE: AARTIINDBSE: 524208Chemicals & PetrochemicalsSmall Cap

Last close ₹427.55down ₹13.75 (3.12%)BSE ₹427.20

Share price at the NSE close on 23 Oct 2026. Previous close ₹441.30.

52-week range of traded prices to 23 Oct 2026
₹338.05Low, 21 Jan 2026₹551.75High, 25 Aug 2026
Market cap
₹15,509 Cr405th largest listed
P/E
29.2
P/B
2.6
Dividend yield
0.23%
ROE
9.2%
ROCE
7.9%
Debt to equity
0.83
Volume, NSE
7,10,97647.4% delivered

Share price

Daily closes since Jan 2007, adjusted for splits and bonuses, with the demergers of Jul 2019 and Oct 2022 reinvested. Reinvested means the value of the shares of the company that was split off is treated as put back into this share at its opening price on the ex-date.

+12.7%over a year · Nifty Chemicals −9.9% · Nifty 500 −9.8%

Results20-session average 6,72,076 shares a day, 43.9% delivered

Results

Consolidated; ₹ crore, the charts by years to March, the table by quarter.Quarterly results

Quarter to Jun 2026, against the quarter beforeFiled 30 Jul

Revenue
₹2,387 Crup 8.22%
Net profit
₹155 Crup 12.90%
Net margin
6.5%

Revenue by year

Net profit by year, a loss in red

The years either side of a change of basis do not compare. From the year to Mar 2020, the company's revenue for that year, ₹4,186 Cr, differs from its quarters added, ₹4,507 Cr. From the year to Mar 2023, part of the business was demerged on 19 Oct 2022, and figures before the change include the part that left.

₹ croreSep 2024Filed 13 NovDec 2024Filed 1 FebMar 2025Filed 29 JulJun 2025Filed 31 JulSep 2025Filed 6 NovDec 2025Filed 2 FebMar 2026Filed 4 MayJun 2026Filed 30 Jul
Revenue1,6281,8401,9491,6762,1002,3192,2062,387
Net profit52469643106133137155
Net margin3.2%2.5%4.9%2.6%5.0%5.7%6.2%6.5%
Consolidated. The last eight quarters. The latest is shaded. Net profit is the whole group's, the other owners of its subsidiaries included; P/E and ROE use the company's own share.

Business segments

In the year to Mar 2026 the company reports one business segment, Specialty Chemicals, which carries all its revenue.

Valuation

Today, against the company's own history. Its history crosses a change of basis in the accounts in the years to Mar 2020 and Mar 2023: days before it are of the company before the change.PE ratio and valuation history

Price to earnings

At or below today's level on 30% of 2,155 trading days over the last 10 years.

LowestHighest
Its median33.1Industry median24.3
Price to book

At or below today's level on 9% of 1,741 trading days since Nov 2018.

LowestHighest
Its median4.7Industry median2.5
EV to EBITDA14.8

At or below today's level on 10% of 870 trading days over the last 5 years.

LowestHighest
Its median18.5Industry median16.2
Dividend yield

At or below today's level on 43% of 2,448 trading days over the last 10 years.

LowestHighest
Its median0.26%Industry median0.54%

Where the return came from

Yearly rates to Mar 2026, per-share figures restated for splits and bonuses.

OverReturn a yearWith the demerger reinvestedEarnings growthChange in P/EDividend yield
1 year+2.4%–+26.6%−19.3%0.3%
3 years−8.1%–−8.4%+0.1%0.2%
5 years−9.2%−6.7%−5.1%−4.7%0.3%
Return is price growth plus the average dividend yield. Change in P/E is (1 + price growth) / (1 + earnings growth) - 1, so the parts compound rather than add. Return a year is the share as it traded across the demerger; the next column is the same return with the demerger reinvested, empty for a window with no demerger in it.

Who owns it

Per cent of the company's shares, from the filing for Sep 2026.Shareholding pattern

Shareholding by group

  • Promoters41.82%
  • Foreign institutions6.96%
  • Indian institutions20.89%
  • Governments0.01%
  • Individuals and others30.31%
Holder
LIFE INSURANCE CORPORATION OF INDIAInsurance companies6.80%
RASHESH CHANDRAKANT GOGRIPromoter4.09%
MIRIK RAJENDRA GOGRIPromoter3.08%
RENIL RAJENDRA GOGRIPromoter3.08%
HETAL GOGRI GALAPromoter2.75%
ANUSHAKTI ENTERPRISE PRIVATE LIMITEDPromoter2.75%
Holders are named in the company's own words: an insurer's holding can carry one of its funds' names. Mutual funds are left out here and listed fund by fund below.

Mutual funds holding it

91 funds disclosed a holding for Sep 2026. What they did in Sep 2026, against each fund's month before. 45 of the 49 funds that added or cut are index funds, ETFs or arbitrage funds: an index fund or ETF holds what its index holds, and an arbitrage fund holds the share against a sale of its future.Mutual fund holdings

Bought for the first time
1
Added
14
Cut
35
Held unchanged
41
Sold out
1
Fund
HDFC Mutual Fund logoHDFC Mid Cap FundHDFC Mutual Fund77,31,1250.36%₹367.8 Cr
Nippon India Mutual Fund logoNippon India Small Cap FundNippon India Mutual Fund56,63,4080.33%₹269.4 Cr
ICICI Prudential Mutual Fund logoICICI Prudential India Opportunities FundICICI Prudential Mutual Fund39,43,0270.51%₹187.6 Cr
ICICI Prudential Mutual Fund logoICICI Prudential Multi Cap FundICICI Prudential Mutual Fund33,50,7420.85%₹159.4 Cr
ICICI Prudential Mutual Fund logoICICI Prudential Commodities FundICICI Prudential Mutual Fund24,86,6762.86%₹118.3 Cr
Mahindra Manulife Mutual Fund logoMahindra Manulife Multi Cap FundMahindra Manulife Mutual Fund21,60,9171.38%₹102.8 Cr
Axis Mutual Fund logoAxis Small Cap FundAxis Mutual Fund19,92,8710.31%₹94.8 Cr
ICICI Prudential Mutual Fund logoICICI Prudential Manufacturing FundICICI Prudential Mutual Fund16,81,5911.16%₹80.0 Cr
ICICI Prudential Mutual Fund logoICICI Prudential Business Cycle FundICICI Prudential Mutual Fund15,24,5800.49%₹72.5 Cr
HDFC Mutual Fund logoHDFC Large & Mid Cap FundHDFC Mutual Fund10,20,0000.17%₹48.5 Cr
Portfolios disclosed for Sep 2026. Weight is the holding as a share of the fund's assets.

Peers and competitors

Specialty Chemicals, 130 listed companies, priced on 23 Oct 2026. The table lists the 8 companies closest to Aarti Industries in market cap.

Where the company sits among the companies nearest its size

Return on equity across, P/E up, size is market cap
Company
Navin Fluorine International logoNavin Fluorine InternationalNAVINFLUOR39,34649.89.932.9+42.4%+122.7%23.9%20.7%0.20%
Deepak Nitrite logoDeepak NitriteDEEPAKNTR19,73325.23.415.8+7.1%+29.2%14.0%14.8%0.52%
Aether Industries logoAether IndustriesAETHER18,750–7.650.0+33.8%––10.7%0.00%
Atul logoAtulATUL16,41720.62.613.9+15.8%+59.1%13.5%13.4%0.54%
Fine Organic Industries logoFine Organic IndustriesFINEORG15,48335.35.826.3+7.3%+5.7%17.7%17.6%0.22%
BASF India logoBASF IndiaBASF13,28920.73.413.0+6.7%+62.4%16.9%20.2%0.81%
Privi Speciality Chemicals logoPrivi Speciality ChemicalsPRIVISCL12,696–9.020.5+21.6%––21.3%0.31%
Anupam Rasayan India logoAnupam Rasayan IndiaANURAS12,54271.83.824.8+51.8%+41.5%5.7%6.2%0.14%
Market cap in ₹ crore. Growth is the last twelve months against the twelve before. A figure is left empty where it would rest on a loss or the company has under a year of results on record. ROE is the shareholders' profit over their net worth. ROCE is profit before interest and tax over the whole group's net worth plus borrowings, as in the figures at the top of the page.

Dividends

Per share, by the year it was paid for, and the latest payments.Dividend history and dates

Dividend per share, ₹, restated for later splits and bonuses

Highest ₹3.50 a share, year to Mar 2022.
Ex-dateTypePer share
11 Sep 2026Final₹1.00
18 Aug 2025Final₹1.00
26 Jul 2024Final₹1.00
28 Jul 2023Final₹1.50
15 Feb 2023Interim₹1.00
16 Sep 2022Final₹1.50
Latest payments, as declared, by ex-date.

Latest announcements

Routine notices left out.Share news and announcements

Aarti Industries share price by year

Each calendar year to 2025.Aarti Industries share price history

YearClose at year endChangeHighest closeLowest close
2025373.90−8.8%486.75349.70
2024410.05−36.9%755.40403.85
2023649.60+6.5%649.60442.55
2022Demerger610.10−39.3%1,106.80590.85
20211,004.60+62.7%1,156.55565.55
2020617.40+48.6%633.40339.75
2019Demerger415.38+15.1%467.29327.16
2018360.93+27.3%374.89257.03
2017283.48+65.5%283.48172.24
2016171.24+30.9%189.50106.10
₹ per share, adjusted for splits and bonuses since. Change is on the close at the end of the year before. With the demerger of 19 Oct 2022 reinvested, the change in 2022 is −30.4%. With the demerger of 3 Jul 2019 reinvested, the change in 2019 is +20.2%.

Recent sessions

The last 10 trading days to 23 Oct 2026, as traded on NSE.

DateOpenHighLowCloseAverage priceVolumeDelivery
23 Oct 2026442.00442.55423.40427.55429.017,10,97647.4%
22 Oct 2026464.40465.10437.60441.30446.2710,00,97437.3%
21 Oct 2026477.05482.85461.30464.40467.774,04,70740.0%
19 Oct 2026495.00495.80475.00479.00485.465,54,74740.0%
16 Oct 2026505.05508.35494.15503.00504.0413,37,81166.6%
15 Oct 2026497.90507.70490.00505.05500.538,23,56667.3%
14 Oct 2026487.80499.90485.10497.90492.476,98,08846.7%
13 Oct 2026474.00498.40463.00487.80484.8216,13,68228.7%
12 Oct 2026460.45476.00460.45473.90471.395,04,14339.2%
9 Oct 2026478.00486.40459.30460.15466.477,38,04641.1%
Prices in ₹ per share as traded, not adjusted.

Price adjustments

What the price chart is corrected for, so it reads as one share held throughout.Bonus share history

Ex-dateEventPrice factorWhat happened
19 Oct 2022Demerger0.8727Part of the business became a separate company. The factor is the opening price on the ex-date divided by the previous close. The chart shows earlier prices with the demerger reinvested.
22 Jun 2021Bonus0.5000Holders received 1 bonus share for every 1 held.
27 Sep 2019Bonus0.5000Holders received 1 bonus share for every 1 held.
3 Jul 2019Demerger0.9578Part of the business became a separate company. The factor is the opening price on the ex-date divided by the previous close. The chart shows earlier prices with the demerger reinvested.
Earlier prices are multiplied by the factor, so the chart reads as one share held throughout.

About Aarti Industries

Aarti Industries Limited is a speciality chemicals manufacturer. It works mainly in the benzene and toluene value chains, using processes that include chlorination, hydrogenation and ethylation. It serves more than 1,100 domestic and global customers across over 60 countries. More than 700 of them are in India and 400 are international.

The company reports its revenue by segment: agrochemical, pharmaceuticals, energy, dyes and pigments, polymers and additives, and others. Its chemistries serve end uses that include paints, coatings and advanced materials.

It operates 16 manufacturing plants and 4 R&D centres, two of which are pilot plants. The plants are at Vapi, Tarapur, Jhagadia and Dahej, with a further site in Kutch. It also has a site at Navi Mumbai and offices in Mumbai. The manufacturing footprint is in Western India, close to key ports. It also has a Zone IV platform at Jhagadia, and an R&D centre at Navi Mumbai, which uses digital tools and advanced analytics in its work.

The company was founded in 1984 by first-generation technocrats. Chandrakant V. Gogri founded it and served as its Chairman until 2012. He continues to guide it as Chairman Emeritus. The company later merged the manufacturing business of Anushakti Chemicals into itself. It has also entered a joint venture with Superform Chemistries Limited for speciality chemicals, and another joint venture for plastic materials recycling facilities across India.

Legal name
Aarti Industries Limited
NSE symbol
AARTIIND
BSE code
524208
ISIN
INE769A01020
Industry
Chemicals & Petrochemicals
Listed
Jun 1992 on BSE, Feb 1995 on NSE
Face value
₹5
CIN
L24110GJ1984PLC007301
Corporate identity number, the registrar of companies' code for it