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Aartech Solonics

AARTECH NSE
₹45.03 +1.90 (+4.41%)
P/E
187.63
View as Markdown
MCP
Close 4 Nov 2026 ₹45.03 −8.42 −15.8% 1Y
Start ₹53.45

Key Fundamentals

MicrocapElectrical EquipmentCapital Goods

Price-based figures as of · EPS basis: Consolidated · TTM

ROCE
16.00%
Debt to Equity
0.16
EPS (TTM)
₹0.24
Book Value
₹11.05
Market Cap
—
P/E (TTM)
187.63
P/B
4.08
ROE
10.40%
Dividend Yield
0.28%
EBITDA
₹7.40 Cr
52W High
₹60.98
52W Low
₹33.51
Day Range
₹42.12 – ₹45.99
Volume
2,15,598

Peer Comparison

Industrials › Capital Goods › Electrical Equipment › Heavy Electrical Equipment

Aartech Solonics peer comparison
Bharat Heavy Electricals
₹423.8551.25₹1,46,351 Cr5.520.35%6.23%9.14%₹37,782 Cr₹2,878 Cr
ABB
₹6,750.0047.87₹1,40,908 Cr15.321.36%22.40%29.90%₹13,477 Cr₹2,988 Cr
CG Power & Industrial Solutions
₹841.4596.28₹1,27,312 Cr15.170.16%20.50%26.70%₹13,699 Cr₹1,364 Cr
Hitachi Energy
₹29,100.00112.75₹1,24,045 Cr25.060.03%21.90%29.40%₹9,162 Cr₹1,149 Cr
Siemens
₹3,509.00—₹1,22,035 Cr9.030.53%19.20%21.40%₹18,062 Cr₹3,276 Cr
GE Vernova T&D
₹4,265.0083.66₹1,04,523 Cr33.150.25%57.40%77.40%₹6,712 Cr₹1,305 Cr
Siemens Energy
₹2,963.0070.90₹1,01,562 Cr21.930.14%50.50%67.80%₹9,436 Cr₹1,489 Cr
Aartech Solonics (this company)
₹45.03187.63₹139 Cr4.080.28%10.40%16.00%₹36 Cr₹1 Cr
Median 8 companies₹3,236.0083.66₹1,23,040 Cr15.250.27%21.20%28.05%₹11,457 Cr₹1,427 Cr

Comparable companies in the same industry. Market cap, P/E and P/B use the latest price; other metrics are as reported in filings. A dash means the figure is not published for that company.

Tapetide Score

Data-driven rating, 0–100, as of . How it works →

Overall score

44 Weak

Data confidence 100/100

Category scores

Quality
39
Weak
Returns, margins, earnings quality 22% weight
Valuation
25
Poor
Cheap vs sector & own history 24% weight
Growth
47
Average
Sales & profit trajectory 9% weight
Financial Health
86
Strong
Solvency, leverage, coverage 9% weight
Momentum
61
Good
Trend strength, vol-adjusted 12% weight
Ownership
51
Average
FII/DII/promoter flows 24% weight

The Tapetide Score is data analysis, not investment advice. Tapetide is not a SEBI-registered research analyst or investment adviser.

Key Insights

No strengths listed

Weaknesses

4
  • Stock is trading at 4.20 times its book value
  • Company has a low return on equity of 6.05% over last 3 years.
  • Debtor days have increased from 104 to 148 days.
  • Working capital days have increased from 86.2 days to 124 days

Technical Indicators

Technical signals: verdict and indicator counts
GroupSignalBearishNeutralBullish
OverallBearish964
OscillatorsBearish360
Moving AveragesStrong Bearish604

Key readings

RSI (14)
49.53
Neutral
MACD (12,26,9)
−1.68
Bearish
SMA (50)
47.79
Bearish
SMA (200)
46.49
Bearish

As of

Growth Rate

From the financial statements below. 10Y, 5Y, 3Y: compound annual growth to Mar 2026; 1Y: fiscal year to Mar 2026 against Mar 2025; TTM: four quarters to Jun 2026 against Jun 2025.

Revenue

Revenue growth by window
10Y+15.24%
5Y+29.74%
3Y+22.89%
1Y+12.55%
TTM+7.12%

Net profit

Net profit growth by window
10Y+31.29%
5Y+33.03%
3Y+36.37%
1Y+71.57%
TTM−53.94%

Operating cash flow

Operating cash flow growth by window
10YTurned negative
5YOutflow widened by ₹1.11 Cr
3YOutflow narrowed by ₹3.98 Cr
1YOutflow widened by ₹0.87 Cr
TTM—

TTM: Reported once a year, so there is no trailing-twelve-month figure.

Operating margin· change in pp

Operating margin growth by window
10Y+10.99 pp
5Y+9.18 pp
3Y+9.18 pp
1Y+11.20 pp
TTM+6.87 pp

Revenue by year

Revenue by year, ₹ crore
Mar 2017₹12.73 Cr
Mar 2018₹11.21 Cr
Mar 2019₹14.54 Cr
Mar 2020₹10.04 Cr
Mar 2021₹10.93 Cr
Mar 2022₹16.36 Cr
Mar 2023₹21.65 Cr
Mar 2024₹32.69 Cr
Mar 2025₹35.70 Cr
Mar 2026₹40.18 Cr

Net profit by year

Net profit by year, ₹ crore
Mar 2017₹0.30 Cr
Mar 2018₹1.18 Cr
Mar 2019₹1.70 Cr
Mar 2020₹0.59 Cr
Mar 2021₹0.84 Cr
Mar 2022₹1.42 Cr
Mar 2023₹1.38 Cr
Mar 2024₹1.44 Cr
Mar 2025₹2.04 Cr
Mar 2026₹3.50 Cr

Quarterly Results

₹ Cr
AARTECH quarterly results, ₹ crore
Particulars Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales
6.3
9.05
7.34
10
6.61
9.41
9.55
10.13
4.33
11
7.38
10.13
7.29
Expenses
5.91
9
7.91
9.47
6.9
8.41
8.63
12.71
4.39
9.43
5.07
12.71
6.9
Operating Profit
0.39
0.05
−0.57
0.53
−0.29
1
0.92
−2.58
−0.06
1.57
2.31
−2.58
0.39
OPM %
6.19%
0.55%
−7.77%
5.3%
−4.39%
10.63%
9.63%
−25.47%
−1.39%
14.27%
31.3%
−25.47%
5.35%
Other Income
0.8
0.67
1.46
0.34
2.12
1.03
0.74
−0.56
1.51
0.31
−0.85
−0.56
1.66
Interest
0.14
0.13
0.14
0.15
0.13
0.13
0.15
0.14
0.21
0.16
0.15
0.14
0.21
Depreciation
0.08
0.08
0.09
0.11
0.09
0.1
0.1
0.1
0.1
0.1
0.1
0.1
0.1
PBT
0.98
0.51
0.66
0.61
1.61
1.8
1.41
−3.38
1.14
1.61
1.21
−3.38
1.74
Tax %
27.84%
5.88%
12.12%
77.05%
30.43%
10%
−27.66%
−26.04%
35.96%
11.73%
47.93%
−26.04%
31.03%
Net Profit
0.7
0.48
0.58
0.14
1.12
1.62
1.8
−2.5
0.73
1.43
0.63
−2.5
1.2
EPS (₹)
0.22
0.15
0.18
0.04
0.35
0.51
0.57
−0.79
0.23
0.45
0.2
−0.79
0.38

Profit & Loss

₹ Cr
AARTECH profit and loss, annual, ₹ crore
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales
9.23
9.73
12.73
11.21
14.54
10.04
10.93
16.36
21.65
32.69
35.7
40.18
35.8
Expenses
8.14
9.47
12.7
10.22
13.36
9.78
10.44
16.06
20.68
32.29
34.82
34.69
34.11
Operating Profit
1.09
0.26
0.03
0.99
1.18
0.26
0.49
0.3
0.97
0.4
0.88
5.49
1.69
OPM %
11.81%
2.67%
0.24%
8.83%
8.12%
2.59%
4.48%
1.83%
4.48%
1.22%
2.46%
13.66%
4.72%
Other Income
0.71
0.52
0.69
0.78
1.27
0.78
0.94
1.82
1.63
3.27
1.5
1.19
0.56
Interest
0.09
0.18
0.08
0.09
0.11
0.13
0.2
0.2
0.28
0.56
0.54
0.73
0.66
Depreciation
0.29
0.34
0.32
0.31
0.21
0.19
0.21
0.2
0.32
0.35
0.39
0.4
0.4
PBT
1.42
0.26
0.32
1.37
2.13
0.72
1.02
1.72
2
2.76
1.45
5.55
1.19
Tax %
20.42%
11.54%
9.38%
13.87%
20.66%
18.06%
17.65%
18.02%
31%
47.46%
−41.38%
36.94%
—
Net Profit
1.13
0.23
0.3
1.18
1.7
0.59
0.84
1.42
1.38
1.44
2.04
3.5
0.76
EPS (₹)
0.51
0.1
0.14
0.53
0.53
0.19
0.26
0.45
0.43
0.45
0.64
1.1
0.24
Div. Payout %
21.86%
107.39%
0%
0%
0%
0%
42.02%
37.29%
0%
0%
19.47%
11.35%
—

Balance Sheet

₹ Cr
AARTECH balance sheet, annual, ₹ crore
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
4.94
4.94
4.94
4.94
7.06
7.06
7.06
10.59
10.59
10.59
15.89
15.89
Reserves
11.59
11.53
11.83
12.97
19.76
20
20.84
18.38
19.7
20.6
16.54
19.64
Borrowings
0
0
0.5
0
0
1.74
0.88
0.65
2.78
4.2
5.64
5.62
Other Liabilities
2.69
2.26
2.19
1.47
1.7
2.44
2.34
5.28
5.55
7.25
5.5
9.62
Total Liabilities
19.22
18.73
19.46
19.38
28.52
31.24
31.12
34.9
38.62
42.64
43.57
50.77
Fixed Assets
2.79
2.62
2.47
3.36
3.42
3.6
3.51
3.74
3.67
3.95
4.03
3.97
CWIP
0
0
0
0
0
0
0
0
0
0
0
0
Investments
2.74
3.08
5.8
3.13
6.43
9.07
10.69
12.59
13.91
13.7
12.35
9.16
Other Assets
13.69
13.03
11.19
12.89
18.67
18.57
16.92
18.57
21.04
24.99
27.19
37.64
Total Assets
19.22
18.73
19.46
19.38
28.52
31.24
31.12
34.9
38.62
42.64
43.57
50.77

Cash Flow

₹ Cr
AARTECH cash flow, annual, ₹ crore
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
−1
0.16
1.99
0.18
0.94
1.52
−1.7
0.95
−6.79
2.63
−1.94
−2.81
Investing
−0.12
0.84
−2.14
−0.53
−5.82
−4.91
1.93
−0.54
5.64
−2.26
1.13
5.31
Financing
−0.29
−0.3
0.2
0
7.21
0
0
−0.35
1.26
0.57
0.23
−0.9
Net Cash Flow
−1.4
0.71
0.06
−0.35
2.32
−3.39
0.23
0.05
0.1
0.94
−0.57
1.6
Free Cash Flow
−1.14
0
1.73
0.26
0.7
1.2
−1.81
0.74
−7.31
1.99
−2.34
−3.18
CFO/EBITDA
−92
192
6,700
31
109
642
−335
380
−640
695
−197
−44

Ratios

AARTECH financial ratios, annual
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days
237
193
90.89
112
126
165
212
158
179
105
59.71
148
Inventory Days
183
156
170
237
97.28
190
128
84.05
123
115
198
150
Days Payable
123
85.76
66.81
29.3
38.01
118
94.25
143
127
93.52
85.76
105
Cash Conversion Cycle
297
263
194
320
186
237
246
98.95
175
126
172
193
Working Capital Days
305
284
165
204
162
167
214
118
173
71.01
63.9
124
ROCE %
9.3%
2.42%
2.07%
7.16%
8.54%
2.19%
2.88%
2.02%
7.05%
5.35%
4.57%
15.98%

Insights

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

Log in to view Aartech Solonics insights

62 extracted metrics across FY15–FY27.

Shareholding Pattern

As of Sep 2026

  • Promoters 52.75%
  • Public 39.42%
  • Others 7.78%
  • FIIs 0.04%

No promoter shares pledged as of 14 Oct 2026

Change vs previous quarter

Documents

Frequently Asked Questions about Aartech Solonics

What does Aartech Solonics Ltd do?
Incorporated in 1982, Aartech Solonics Ltd is a manufacturer of Electrical Machinery and Apparatus N.E.C.
Where is Aartech Solonics Ltd (AARTECH) listed?
Aartech Solonics Ltd trades as AARTECH on the NSE and under code 542580 on the BSE.
Which sector does Aartech Solonics Ltd belong to?
Aartech Solonics Ltd is classified under the Capital Goods sector, in the Electrical Equipment industry.
What is the PE ratio of Aartech Solonics Ltd?
Aartech Solonics Ltd trades at a PE ratio of 187.63 as of 4 Nov 2026, on earnings per share of ₹0.24, against a book value of ₹11.05 per share.
What is the 52-week high and low of Aartech Solonics Ltd?
Over the last 52 weeks Aartech Solonics Ltd has traded between ₹33.51 and ₹60.98 as of 4 Nov 2026.
Does Aartech Solonics Ltd pay dividends?
Aartech Solonics Ltd has a dividend yield of 0.28%.
What is the Return on Equity (ROE) of Aartech Solonics Ltd?
Aartech Solonics Ltd reported a return on equity of 10.40%. Its debt-to-equity ratio is 0.16.

Company Information

Incorporated in 1982, Aartech Solonics Ltd is a manufacturer of Electrical Machinery and Apparatus N.E.C.

Website aartechsolonics.com
CEO Mr. Amit Anil Raje
Employees 69
Listed 10 Jul 2023
Face Value ₹5

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