---
title: "Aaradhya Disposal Industries Ltd (AARADHYA) — Share Price, Financials & Analysis"
symbol: "AARADHYA"
company: "Aaradhya Disposal Industries Ltd"
canonical: "https://tapetide.com/stocks/AARADHYA"
isin: "INE124401014"
nse_symbol: "AARADHYA"
sector: "Forest Materials"
industry: "Paper & Paper Products"
market_cap_cr: 197.93
generated_at: "2026-09-13T19:02:17.930Z"
---

# Aaradhya Disposal Industries Ltd (AARADHYA)

Canonical page: https://tapetide.com/stocks/AARADHYA

## Company

- **NSE Symbol:** AARADHYA
- **ISIN:** INE124401014
- **Sector:** Forest Materials
- **Industry:** Paper & Paper Products
- **Macro Sector:** Commodities
- **Stock Type:** EQUITY
- **Listed Since:** 2025-08-11
- **Face Value:** ₹10
- **F&O Eligible:** No
- **Website:** aaradhyadisposalindustriesltd.in

## About

Established in January 2014, Aaradhya Disposal Industries Limited is engaged in the manufacturing and exporting of paper products.[1]

## Latest Price

- **Price:** ₹141.55
- **Change:** +0.6 (+0.43%)
- **Open:** ₹144.5
- **Day High:** ₹147.95
- **Day Low:** ₹134.8
- **Previous Close:** ₹140.95
- **Volume:** 114000
- **As Of:** 2026-09-11T09:59:43+00:00

## Key Fundamentals

Observed at 2026-09-11T04:34:29.229589Z.

- **Market Cap:** ₹197.93 Cr
- **Classification:** SME
- **P/E (reported):** 32.9
- **Book Value:** ₹55.13
- **Price to Book:** 2.56
- **Dividend Yield:** 0%
- **ROE:** 34.87%
- **ROCE:** 42.16%
- **Debt to Equity:** 1.38
- **Revenue (yearly):** ₹150.64 Cr
- **Net Income:** ₹6.29 Cr
- **EBITDA:** ₹11.41 Cr
- **52-Week High:** ₹182
- **52-Week Low:** ₹64.2

## Tapetide Score

- **Score:** 51 / 100
- **Score date:** 2026-09-04
- **Archetype:** Priced for Perfection
- **What it means:** The business scores well but the multiple leaves little room for error. The debate here is about the price, not the company; small disappointments tend to cost more at rich valuations.
- **Pillar profile:** Quality: Good · Valuation: Expensive · Momentum: Rising
- **Percentile:** 52 (of 4473 scored stocks)
- **Confidence:** 88%
- **Data coverage:** 76%

| Pillar | Score | Weight |
| --- | --- | --- |
| financial health | 29.83 | 9% |
| growth | 76.91 | 9% |
| momentum | 72.47 | 12% |
| ownership | 64.66 | 24% |
| quality | 60.05 | 22% |
| valuation | 33.69 | 24% |

The Tapetide Score is decision-support only, not investment advice.

## Key Insights

### Strengths

- Company has delivered good profit growth of 58.9% CAGR over last 5 years
- Company has a good return on equity (ROE) track record: 3 Years ROE 30.2%

### Weaknesses

- Though the company is reporting repeated profits, it is not paying out dividend
- Company might be capitalizing the interest cost

## Growth Rates

| Metric | 1Y | 3Y | 5Y |
| --- | --- | --- | --- |
| cash flow growth | 118.33% | 182.47% | -99.97% |
| ebitda margin growth | -57.31% | -39.82% | 1.22% |
| net income growth | -38.93% | 76% | 59% |
| revenue growth | 29.86% | 22% | 25% |
| roce | 67.5% | 167.85% | 21.66% |
| roe | 45.96% | 25.22% | 466.07% |

## Financial Statements

### Quarterly Results

All figures in ₹ crore unless the row name says otherwise.

| Item | Sep 2024 | Sep 2025 |
| --- | --- | --- |
| Sales | 49 | 60 |
| Expenses | 42 | 50 |
| Operating Profit | 7 | 10 |
| OPM % | 14 | 16 |
| Other Income | 1 | 1 |
| Interest | 2 | 1 |
| Depreciation | 1 | 1 |
| Profit before tax | 5 | 9 |
| Tax % | 30 | 27 |
| Net Profit | 4 | 6 |
| EPS in Rs | 3.59 | 4.39 |

### Profit & Loss

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 48 | 50 | 71 | 83 | 74 | 114 | 151 |
| Expenses | 44 | 45 | 67 | 79 | 67 | 96 | 139 |
| Operating Profit | 4 | 5 | 4 | 4 | 7 | 18 | 11 |
| OPM % | 8 | 9 | 5 | 4.5 | 10 | 16 | 8 |
| Other Income | 1 | 1 | 1 | 2 | 2 | 2 | 2 |
| Interest | 2 | 2 | 1 | 2 | 2 | 3 | 3 |
| Depreciation | 2 | 3 | 2 | 1 | 1 | 2 | 2 |
| Profit before tax | 1 | 1 | 2 | 3 | 6 | 15 | 9 |
| Tax % | 29 | 27 | 28 | 17 | 36 | 31 | 31 |
| Net Profit | 1 | 1 | 1 | 2 | 4 | 10 | 6 |
| EPS in Rs | 1.46 | 1.18 | 2.28 | 4.29 | 8 | 10.02 | 4.29 |
| Dividend Payout % | 0 | 0 | 0 | 0 | 0 | 0 | 0 |

### Balance Sheet

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 |
| --- | --- | --- | --- | --- | --- | --- | --- |
| Equity Capital | 5 | 5 | 5 | 5 | 5 | 10 | 14 |
| Reserves | 4 | 5 | 6 | 8 | 12 | 19 | 64 |
| Borrowings | 19 | 19 | 27 | 39 | 45 | 40 | 40 |
| Other Liabilities | 12 | 10 | 13 | 11 | 9 | 14 | 14 |
| Total Liabilities | 40 | 39 | 51 | 63 | 71 | 83 | 132 |
| Fixed Assets | 16 | 16 | 12 | 8 | 29 | 26 | 25 |
| CWIP | 0 | 0 | 1 | 16 | 0 | 0 | 0 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Assets | 24 | 23 | 38 | 38 | 42 | 57 | 106 |
| Total Assets | 40 | 39 | 51 | 63 | 71 | 83 | 132 |

### Cash Flow

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | — | — | -6 | 2 | 3 | 5 | -9 |
| Cash from Investing Activity | — | — | 1 | -11 | -6 | 0 | -13 |
| Cash from Financing Activity | — | — | 5 | 9 | 4 | -6 | 38 |
| Net Cash Flow | — | — | 0 | 0 | 0 | 0 | 16 |
| Free Cash Flow | — | — | -5 | -9 | -3 | 6 | -24 |
| CFO/OP | — | — | -138 | 66 | 43 | 39 | -56 |

### Ratios

| Item | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | 58 | 69 | 74 | 71 | 77 | 73 | — |
| Inventory Days | — | 977 | 90 | 89 | 87 | 92 | — |
| Days Payable | — | 173 | 41 | 32 | 35 | 32 | — |
| Cash Conversion Cycle | 58 | 873 | 123 | 127 | 129 | 133 | — |
| Working Capital Days | 21 | 35 | 49 | 17 | 12 | 50 | — |
| ROCE % | — | 9 | 8 | 7 | 14 | 27 | — |

## Shareholding Pattern

### Quarterly

| Category | Dec 2024 | Sep 2025 | Mar 2026 |
| --- | --- | --- | --- |
| Promoters | 97.36% | 70.58% | 70.58% |
| FIIs | 0% | 0% | 0% |
| DIIs | 0% | 0% | 1.43% |
| Government | 0% | 0% | 0% |
| Public | 0% | 21.07% | 19.84% |
| Others | 2.64% | 8.35% | 8.14% |
| No. of Shareholders | 20 | 346 | 330 |

## Technical Indicators

Derived from daily closing prices and recomputed each trading session; values move with the market.

- **Overall Signal:** Strong Buy
- **Buy / Neutral / Sell:** 13 / 1 / 5

### Moving Averages — summary: **Strong Buy**

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 115.26 | Buy |
| EMA (10) | 118.14 | Buy |
| SMA (20) | 92.07 | Buy |
| EMA (20) | 102.49 | Buy |
| SMA (50) | 82.38 | Buy |
| EMA (50) | 90.7 | Buy |
| SMA (100) | 90.13 | Buy |
| EMA (100) | 93.71 | Buy |
| SMA (200) | 112.18 | Buy |
| EMA (200) | 110.84 | Buy |

### Oscillators — summary: **Strong Sell**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 86.16 | Sell |
| MACD (12,26,9) | 16.28 | Buy |
| Stochastic (14,3,3) | 97.45 | Sell |
| ADX (14) | 43.59 | Buy |
| Williams %R (14) | -7.64 | Sell |
| ATR (14) | 6.76 | High Volatility |
| ROC (12) | 113.66 | Buy |
| Stoch RSI (14) | 100 | Sell |
| UO (7,14,28) | 77.62 | Sell |

## Filings & Documents

### Other Documents

| Date | Document |
| --- | --- |
| 9 Feb - CPCB ordered closure of Brijnathpur distillery effective 9 Feb 2026; unit turnover Rs.48.26 Cr (4.94%). | [Intimation Of Closure Of Operations Of Unit-Brijnathpur Distillery (Hapur) W.E.F 9Th February, 2026 9 Feb - CPCB ordered closure of Brijnathpur distillery effective 9 Feb 2026; unit turnover Rs.48.26 Cr (4.94%).](https://www.bseindia.com/xml-data/corpfiling/AttachHis/6704212d-4dbe-4402-a128-958255d45657.pdf) |
| 8 Sep - Aaradhya Disposal Industries Limited has informed about Copy of Newspaper Publication | [Copy of Newspaper Publication 8 Sep - Aaradhya Disposal Industries Limited has informed about Copy of Newspaper Publication](https://nsearchives.nseindia.com/corporate/ADIL_08092026182021_Newspaper_Advertisement.pdf) |
| 8 Jul - Exchange had sought clarification from Aaradhya Disposal Industries Limited for the quarter ended 31-Mar-2026 with respect to Regulation 33 of the SEBI (LODR) Regulations, 2015. … | [Reply to Clarification- Financial results 8 Jul - Exchange had sought clarification from Aaradhya Disposal Industries Limited for the quarter ended 31-Mar-2026 with respect to Regulation 33 of the SEBI (LODR) Regulations, 2015. …](https://nsearchives.nseindia.com/corporate/ADIL_25062026174750_Calrification__NSE.pdf) |
| 7h - IRP meeting on March 11, 2026 to consider audited consolidated results for year ended March 31, 2025; trading window closed. | [Board Meeting Intimation for Consider, Review And Take Note Of Audited Consolidated Financials For The Year Ended 31St March, 2025 Of (Simbhaoli Sugars Limited Company Under CIRP) 7h - IRP meeting on March 11, 2026 to consider audited consolidated results for year ended March 31, 2025; trading window closed.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/2d955359-68b2-4f8d-a52a-ee0637ad46c7.pdf) |
| 6 Jul - Submitted Regulation 74(5) certificate for quarter ended 30 June 2026; complaints nil. | [Certificate under SEBI (Depositories and Participants) Regulations, 2018 6 Jul - Submitted Regulation 74(5) certificate for quarter ended 30 June 2026; complaints nil.](https://nsearchives.nseindia.com/corporate/ADIL_06072026134509_Reg_74_5__Upload.pdf) |
| 5 January 2026 - Aaradhya Disposal Industries Limited has informed about achievement of its projected sales target for the period ending December 31, 2025. | [General Updates 5 January 2026 - Aaradhya Disposal Industries Limited has informed about achievement of its projected sales target for the period ending December 31, 2025.](https://nsearchives.nseindia.com/corporate/ADIL_05012026130044_Covering_Letter_Sales_Target.pdf) |
| 4 Sep - AGM on 30 September 2026 to adopt FY2026 audited statements and reappoint Sunil Maheshwari as Managing Director. | [Shareholders meeting 4 Sep - AGM on 30 September 2026 to adopt FY2026 audited statements and reappoint Sunil Maheshwari as Managing Director.](https://nsearchives.nseindia.com/corporate/ADIL_04092026145122_Intimation_of_Notice_of_AGM.pdf) |
| 4 November 2025 - Registrar certifies Reg 74(5) not applicable; all shares dematted for quarter ended 30 Sep 2025. | [Certificate under SEBI (Depositories and Participants) Regulations, 2018 4 November 2025 - Registrar certifies Reg 74(5) not applicable; all shares dematted for quarter ended 30 Sep 2025.](https://nsearchives.nseindia.com/corporate/ADIL_04112025152503_Reg_74_5_.pdf) |
| 30 March 2026 - Trading window closed Apr 1, 2026 until 48 hours after results for March 31, 2026 Aaradhya Disposal Industries Ltd. | [Trading Window 30 March 2026 - Trading window closed Apr 1, 2026 until 48 hours after results for March 31, 2026 Aaradhya Disposal Industries Ltd.](https://nsearchives.nseindia.com/corporate/ADIL_30032026165414_Letter_to_NSE_TWC_SD.pdf) |
| 3 Sep - Record date for the purpose of Meeting is 23-Sep-2026. | [Record Date 3 Sep - Record date for the purpose of Meeting is 23-Sep-2026.](https://nsearchives.nseindia.com/corporate/ADIL_03092026163209_Intimation_of_Record_Date.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| from nse | [Annual Report 2026 from nse](https://archives.nseindia.com/annual_reports/SME_AR_31679_AARADHYA_2025_2026_A_885743_07092026144657.pdf) |
| from nse | [Annual Report 2025 from nse](https://archives.nseindia.com/annual_reports/SME_AR_28646_AARADHYA_2024_2025_A_3202591_05092025190729.pdf) |
| from bse | [Financial Year 2024 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/11104291-45c3-4f7c-b47c-c2a3c4b1571a.pdf) |
| from bse | [Financial Year 2023 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/ce020dac-ba84-4638-82ce-0375057b70a2.pdf) |
| from bse | [Financial Year 2022 from bse](https://www.bseindia.com/bseplus/AnnualReport/539742/75443539742.pdf) |
| from bse | [Financial Year 2021 from bse](https://www.bseindia.com/bseplus/AnnualReport/539742/71203539742.pdf) |
| from bse | [Financial Year 2020 from bse](https://www.bseindia.com/bseplus/AnnualReport/539742/67683539742.pdf) |
| from bse | [Financial Year 2019 from bse](https://www.bseindia.com/bseplus/AnnualReport/539742/5397420319.pdf) |
| from bse | [Financial Year 2018 from bse](https://www.bseindia.com/bseplus/AnnualReport/539742/5397420318.pdf) |
| from bse | [Financial Year 2017 from bse](https://www.bseindia.com/bseplus/AnnualReport/539742/5397420317.pdf) |

---

Provenance differs by section. Financial statements, shareholding and filings are as reported in company disclosures to NSE/BSE/SEBI. Price, volume and 52-week levels are exchange market data. Technical indicators are computed by Tapetide from daily closing prices. The Tapetide Score is Tapetide's own analysis. Analyst ratings are third-party estimates, not company statements. All figures are for research and information only and are not investment advice. Generated 2026-09-13T19:02:17.930Z.