Aries Agro
Aries Agro
ChemicalsKey Fundamentals
MicrocapFertilizersChemicalsTapetide Score
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Key Insights
Strengths
2- Company has delivered good profit growth of 19.0% CAGR over last 5 years
- Debtor days have improved from 64.6 to 44.8 days.
Weaknesses
2- Company has a low return on equity of 11.4% over last 3 years.
- Company's cost of borrowing seems high
Growth Rate
Quarterly Results
| Particulars | 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 | 107 | 158 | 147 | 107 | 135 | 194 | 170 | 128 | 161 | 204 | 202 | 185 | 188 |
| Expenses | 95 | 129 | 130 | 108 | 120 | 159 | 149 | 127 | 139 | 166 | 174 | 184 | 160 |
| Operating Profit | 13 | 29 | 17 | -1 | 15 | 34 | 22 | 1 | 22 | 38 | 29 | 0 | 27 |
| OPM % | 12% | 19% | 12% | -0.8% | 11% | 18% | 13% | 0.8% | 14% | 19% | 14% | 0.2% | 14% |
| Other Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest | 4 | 9 | 4 | 5 | 3 | 8 | 5 | 3 | 5 | 8 | 2 | 3 | 5 |
| Depreciation | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 3 | 2 | 3 | 3 | 3 | 3 |
| PBT | 7 | 18 | 11 | -8 | 11 | 24 | 15 | -5 | 14 | 28 | 24 | -6 | 20 |
| Tax % | 36% | 31% | 32% | -23% | 32% | 22% | 22% | -20% | 31% | 29% | 27% | -22% | 24% |
| Net Profit | 5 | 12 | 8 | -6 | 7 | 19 | 11 | -4 | 10 | 20 | 17 | -5 | 15 |
| EPS in Rs | 3.65 | 9.6 | 6.01 | -4.32 | 5.59 | 14.51 | 8.9 | -2.84 | 7.71 | 15.39 | 13.26 | -3.4 | 11.47 |
Profit & Loss
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 278 | 263 | 253 | 291 | 265 | 296 | 381 | 432 | 472 | 516 | 622 | 753 | 779 |
| Expenses | 223 | 216 | 210 | 245 | 222 | 254 | 325 | 386 | 424 | 461 | 554 | 664 | 685 |
| Operating Profit | 55 | 46 | 42 | 46 | 44 | 42 | 57 | 47 | 48 | 55 | 68 | 89 | 94 |
| OPM % | 20% | 18% | 17% | 16% | 16% | 14% | 15% | 11% | 10% | 11% | 11% | 12% | 12% |
| Other Income | 1 | 1 | 0 | 2 | 3 | 5 | 0 | 4 | 9 | 3 | 5 | 0 | 0 |
| Interest | 24 | 25 | 23 | 29 | 29 | 26 | 26 | 24 | 23 | 22 | 19 | 18 | 18 |
| Depreciation | 10 | 11 | 7 | 2 | 2 | 5 | 6 | 6 | 8 | 8 | 9 | 11 | 11 |
| PBT | 22 | 12 | 12 | 17 | 16 | 16 | 25 | 20 | 25 | 28 | 44 | 60 | 65 |
| Tax % | 13% | 33% | 54% | 46% | 50% | 46% | 30% | 36% | 37% | 35% | 25% | 30% | — |
| Net Profit | 19 | 8 | 5 | 9 | 8 | 8 | 16 | 12 | 16 | 18 | 33 | 42 | 47 |
| EPS in Rs | 12.96 | 5.56 | 5.43 | 8.06 | 7.6 | 7.49 | 13.81 | 10.22 | 13.17 | 14.94 | 26.16 | 32.95 | 36.72 |
| Div. Payout % | 15% | 27% | 37% | 29% | 24% | 7% | 6% | 8% | 8% | 7% | 5% | 8% | — |
Balance Sheet
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 13 | 13 | 13 | 13 | 13 | 13 | 13 | 13 | 13 | 13 | 13 | 13 |
| Reserves | 165 | 159 | 162 | 170 | 176 | 181 | 198 | 211 | 230 | 247 | 277 | 321 |
| Borrowings | 167 | 167 | 137 | 171 | 172 | 150 | 143 | 112 | 100 | 74 | 49 | 56 |
| Other Liabilities | 99 | 109 | 137 | 123 | 133 | 143 | 148 | 173 | 177 | 184 | 243 | 249 |
| Total Liabilities | 444 | 448 | 450 | 477 | 494 | 487 | 501 | 509 | 520 | 518 | 581 | 639 |
| Fixed Assets | 87 | 87 | 71 | 88 | 95 | 48 | 55 | 68 | 75 | 96 | 110 | 116 |
| CWIP | 9 | 16 | 22 | 14 | 15 | 12 | 13 | 0 | 0 | 2 | 10 | 40 |
| Investments | 2 | 2 | 0 | 0 | 0 | 59 | 57 | 57 | 62 | 63 | 67 | 84 |
| Other Assets | 345 | 342 | 357 | 376 | 384 | 368 | 376 | 384 | 382 | 357 | 395 | 398 |
| Total Assets | 444 | 448 | 450 | 477 | 494 | 487 | 501 | 509 | 520 | 518 | 581 | 639 |
Cash Flow
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating | 38 | 34 | 48 | 14 | 44 | 59 | 56 | 69 | 54 | 77 | 105 | 86 |
| Investing | -11 | -25 | 13 | -2 | -10 | -41 | -14 | -13 | -16 | -26 | -34 | -78 |
| Financing | -31 | -9 | -59 | -12 | -36 | -21 | -43 | -56 | -37 | -50 | -45 | -12 |
| Net Cash Flow | -4 | 0 | 2 | 0 | -2 | -4 | 0 | 0 | 1 | 1 | 26 | -4 |
| Free Cash Flow | 32 | 20 | 47 | 4 | 36 | 46 | 42 | 63 | 39 | 46 | 74 | 38 |
| CFO/OP | 80 | 81 | 128 | 46 | 120 | 155 | 111 | 162 | 126 | 155 | 170 | 114 |
Ratios
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 172 | 164 | 206 | 228 | 256 | 143 | 118 | 100 | 91 | 80 | 69 | 45 |
| Inventory Days | 394 | 412 | 518 | 363 | 478 | 466 | 271 | 234 | 210 | 177 | 150 | 134 |
| Days Payable | 110 | 84 | 128 | 165 | 207 | 197 | 101 | 111 | 90 | 66 | 60 | 65 |
| Cash Conversion Cycle | 457 | 493 | 596 | 426 | 526 | 412 | 288 | 224 | 212 | 191 | 159 | 115 |
| Working Capital Days | 164 | 162 | 186 | 150 | 156 | 130 | 108 | 109 | 108 | 97 | 74 | 68 |
| ROCE % | 12% | 10% | 10% | 12% | 12% | 12% | 14% | 13% | 14% | 15% | 18% | 21% |
Insights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
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62 extracted metrics + investor summaries across FY12–FY26.
Documents
Frequently Asked Questions about Aries Agro
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Company Information
Incorporated in 1969, Aries Agro Ltd offers products in the primary, secondary and microfertilizer sector, ranging from individual elements to mixed specialty plant nutrient fertilizers[1]
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