---
title: "Ardee Industries Ltd (ARDEE) — Share Price, Financials & Analysis"
symbol: "ARDEE"
company: "Ardee Industries Ltd"
canonical: "https://tapetide.com/stocks/ARDEE"
isin: "INE0XNF01022"
nse_symbol: "ARDEE"
bse_code: "544860"
sector: "Commodities"
industry: "Diversified Metals"
market_cap_cr: 1600.28
generated_at: "2026-09-13T18:35:52.319Z"
---

# Ardee Industries Ltd (ARDEE)

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

## Company

- **NSE Symbol:** ARDEE
- **BSE Code:** 544860
- **ISIN:** INE0XNF01022
- **Sector:** Commodities
- **Industry:** Diversified Metals
- **Macro Sector:** Commodities
- **Stock Type:** EQUITY
- **Listed Since:** 2026-08-12
- **Face Value:** ₹2
- **F&O Eligible:** No

## About

Incorporated in 1993, Ardee Industries 
Limited focusses on the sustainable 
recovery and recycling of end-of-
life energy storage products and 
non-ferrous scrap.[1]

## Latest Price

- **Price:** ₹50.91
- **Change:** -1.71 (-3.25%)
- **Open:** ₹52
- **Day High:** ₹52.5
- **Day Low:** ₹50.48
- **Previous Close:** ₹52.62
- **Volume:** 4081585
- **As Of:** 2026-09-11T10:22:18+00:00

## Key Fundamentals

Observed at 2026-09-11T04:37:16.939309Z.

- **Market Cap:** ₹1600.28 Cr
- **Classification:** Microcap
- **P/E (reported):** 0
- **Book Value:** ₹14.83
- **Price to Book:** 3.56
- **Dividend Yield:** 0%
- **ROE:** 57.46%
- **ROCE:** 83.02%
- **Debt to Equity:** 1.25
- **Revenue (yearly):** ₹1168.9 Cr
- **Net Income:** ₹84.7 Cr
- **EBITDA:** ₹148.3 Cr
- **52-Week High:** ₹73.19
- **52-Week Low:** ₹52.39
- **RSI (14):** 29.61

## Key Insights

### Strengths

- Company has a good return on equity (ROE) track record: 3 Years ROE 72.4%

## Growth Rates

| Metric | QoQ | 1Y | 3Y |
| --- | --- | --- | --- |
| cash flow growth | — | 280.48% | 218.09% |
| ebitda margin growth | -14.86% | 41.47% | 106.34% |
| net income growth | -16.03% | 154.35% | 115% |
| revenue growth | -4.32% | 57.22% | 42% |
| roce | — | 23.89% | 96.59% |
| roe | — | 8.11% | 47.07% |

## Financial Statements

### Quarterly Results

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

| Item | Jun 2025 | Mar 2026 | Jun 2026 |
| --- | --- | --- | --- |
| Sales | 251 | 354 | 339 |
| Expenses | 217 | 315 | 305 |
| Operating Profit | 34 | 39 | 34 |
| OPM % | 13 | 11 | 10 |
| Other Income | 0 | 0 | 0 |
| Interest | 6 | 6 | 4 |
| Depreciation | 3 | 3 | 3 |
| Profit before tax | 25 | 31 | 27 |
| Tax % | 26 | 23 | 25 |
| Net Profit | 19 | 24 | 20 |
| EPS in Rs | 589.64 | 0.93 | 0.78 |

### Profit & Loss

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

| Item | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- |
| Sales | 412 | 463 | 743 | 1168 |
| Expenses | 389 | 435 | 677 | 1020 |
| Operating Profit | 23 | 28 | 66 | 147 |
| OPM % | 6 | 6 | 9 | 13 |
| Other Income | 0 | 0 | 1 | 1 |
| Interest | 7 | 10 | 13 | 24 |
| Depreciation | 3 | 6 | 9 | 11 |
| Profit before tax | 13 | 12 | 45 | 113 |
| Tax % | 33 | 24 | 25 | 25 |
| Net Profit | 9 | 9 | 33 | 85 |
| EPS in Rs | 269.07 | 281 | 1044.58 | 3.32 |
| Dividend Payout % | 0 | 0 | 0 | 0 |

### Balance Sheet

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

| Item | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- |
| Equity Capital | 3 | 3 | 3 | 51 |
| Reserves | 17 | 26 | 59 | 96 |
| Borrowings | 81 | 142 | 166 | 184 |
| Other Liabilities | 7 | 24 | 34 | 32 |
| Total Liabilities | 108 | 196 | 262 | 363 |
| Fixed Assets | 39 | 45 | 67 | 72 |
| CWIP | 1 | 10 | 5 | 2 |
| Investments | 0 | 0 | 0 | 0 |
| Other Assets | 67 | 141 | 190 | 290 |
| Total Assets | 108 | 196 | 262 | 363 |

### Cash Flow

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

| Item | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- |
| Cash from Operating Activity | -14 | -25 | 8 | 30 |
| Cash from Investing Activity | -25 | -27 | -23 | -20 |
| Cash from Financing Activity | 38 | 54 | 13 | 4 |
| Net Cash Flow | -1 | 2 | -2 | 14 |
| Free Cash Flow | -36 | -46 | -17 | 18 |
| CFO/OP | -43 | -82 | 24 | 39 |

### Ratios

| Item | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- |
| Debtor Days | 19 | 31 | 29 | 8 |
| Inventory Days | 25 | 42 | 28 | 47 |
| Days Payable | 4 | 9 | 14 | 6 |
| Cash Conversion Cycle | 41 | 64 | 43 | 49 |
| Working Capital Days | -5 | -12 | 3 | 18 |
| ROCE % | — | 16 | 29 | 49 |

## Shareholding Pattern

### Quarterly

| Category | Sep 2025 |
| --- | --- |
| Promoters | 100% |
| FIIs | 0% |
| DIIs | 0% |
| Government | 0% |
| Public | 0% |
| Others | 0% |
| No. of Shareholders | 7 |

## Technical Indicators

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

- **Overall Signal:** Sell
- **Buy / Neutral / Sell:** 3 / 11 / 5

### Moving Averages — summary: **Sell**

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 54.89 | Sell |
| EMA (10) | 54.75 | Sell |
| SMA (20) | 57.65 | Sell |
| EMA (20) | 57.51 | Sell |
| SMA (50) | — | Neutral |
| EMA (50) | — | Neutral |
| SMA (100) | — | Neutral |
| EMA (100) | — | Neutral |
| SMA (200) | — | Neutral |
| EMA (200) | — | Neutral |

### Oscillators — summary: **Buy**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 27.47 | Buy |
| MACD (12,26,9) | — | Neutral |
| Stochastic (14,3,3) | 4.09 | Buy |
| ADX (14) | — | Neutral |
| Williams %R (14) | -96.25 | Buy |
| ATR (14) | 3.01 | High Volatility |
| ROC (12) | -8.96 | Sell |
| Stoch RSI (14) | — | Neutral |
| UO (7,14,28) | — | Neutral |

## Filings & Documents

### Exchange Filings & Announcements

| Date | Document |
| --- | --- |
| 2026-09-07 | [Intimation Regarding Seeking Extension Of Time From The Registrar Of Companies ("ROC") To Convene The Annual General Meeting Of The Company.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=60c99182-2ccb-48d8-afce-1dce172e5cea.pdf) |
| 2026-09-03 | [Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=f40fb6fc-5b93-4acf-83c6-e2318d8c2ce7.pdf) |
| 2026-08-31 | [Revised Presentation For Investors Meet.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=1cbe0376-4efe-4339-9f53-d4988759c6cd.pdf) |
| 2026-08-31 | [Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=0e98f3b5-f5f0-4271-adb4-6edacf14299c.pdf) |
| 2026-08-27 | [Presentation For Investors Conference Call](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=52e840de-2ac6-4555-9903-01f881267c85.pdf) |
| 2026-08-26 | [Announcement under Regulation 30 (LODR)-Newspaper Publication](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=dfe553bd-4707-44fe-bf66-6c3a5b44d226.pdf) |
| 2026-08-26 | [Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=ac71ee2e-cb74-4a29-be81-df4c81d06671.pdf) |
| 2026-08-25 | [Board Meeting Outcome for Outcome Of Board Meeting Dated 25.08.2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=36abab4d-774b-48cb-b99b-66e600ba0108.pdf) |
| 2026-08-25 | [Announcement Under Regulation 30(5) Of SEBI LODR 2015](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=62afdafc-4b69-491d-a4ce-0decbc4646f4.pdf) |
| 2026-08-25 | [Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=94b1adc3-7fd8-4fc1-8515-5a15c472f1d0.pdf) |

### Results & Financial Statements

| Date | Document |
| --- | --- |
| 2026-08-25 | [Unaudited Quarterly Results As On 30Th June 2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=e622bc23-1fe9-4f22-9755-eec0489dad95.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 2026-09-13T18:35:52.319Z.