ARDEE

Ardee Industries Limited

Ardee Industries Limited (ARDEE) financial statements and selected valuation metrics through 30 June 2026.

Commodities›Metals & Mining›Diversified Metals›Diversified Metals

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Key metrics

Price as of 2026-10-16

Stock price

₹47.81

Market cap

1,507 Cr

Stock P/E

14.4 · FY26

P/B

8.27

ROE (FY26)

57.5%

ROCE (FY26)

41.5%

Operating margin (FY26)

11.6%

Debt / equity (FY26)

1.24

OCF / EBITDA (FY26)

20.3%

OCF / EBITDA (3Y)

5.1%

Full years shown; sign in free for the trailing twelve months. Learn about these metrics →

Price & valuation

Share price and valuation multiples (P/E, P/B and more) over time.

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What you need to know

Ardee Industries recycles lead batteries into refined lead, selling to a small group of large industrial customers in India and to export buyers.

Company snapshot

4thBy market cap

Ranked among 4 companies in Diversified Metals.

What we see

Positives

✓Revenue grew 57% in the latest year — strong top-line momentum.

Concerns

✗Only 5% of operating profit came in as cash over the last three years — much of it is tied up in unpaid bills or stock.

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Statement tables · Standalone

Switches quarterly, P&L, balance sheet, and cash flow. Key metrics and ratios stay on consolidated when available.

Standalone only

Amounts in ₹ Cr · tap + to expand rows

Quarterly results

Quarterly · ₹ Cr · tap + rows to expand

Metric	Jun 2026
Sales	339 Cr
Operating expenses (approx.)	305 Cr
EBITDA	34 Cr
OPM %	9.9%
Other income	0.23 Cr
Interest	4 Cr
Depreciation	3 Cr
Profit before tax	27 Cr
Tax %	25.4%
Net profit	20 Cr
EPS (₹)	₹0.78

Profit & loss (annual)

Annual · last column is TTM · ₹ Cr · tap + to expand

Metric	Mar 2024	Mar 2025	Mar 2026	TTM
Sales	463 Cr	743 Cr	1,168 Cr	Sign in free for the trailing twelve months
Operating expenses (approx.)	435 Cr	677 Cr	1,021 Cr	Sign in free for the trailing twelve months
EBITDA	28 Cr	66 Cr	147 Cr	Sign in free for the trailing twelve months
OPM %	6.1%	8.9%	12.6%	Sign in free for the trailing twelve months
Other income	0.43 Cr	0.79 Cr	1 Cr	Sign in free for the trailing twelve months
Interest	10 Cr	13 Cr	24 Cr	Sign in free for the trailing twelve months
Depreciation	6 Cr	9 Cr	11 Cr	Sign in free for the trailing twelve months
Profit before tax	12 Cr	45 Cr	113 Cr	Sign in free for the trailing twelve months
Tax %	24.0%	25.5%	25.0%	Sign in free for the trailing twelve months
Net profit	9 Cr	33 Cr	85 Cr	Sign in free for the trailing twelve months
EPS (₹)	₹0.35	₹1.31	₹3.32	Sign in free for the trailing twelve months
Dividend payout %	—	—	—	Sign in free for the trailing twelve months

The latest four quarters added up, next to each full year

Balance sheet

Annual · ₹ Cr · tap + rows to expand

Metric	Mar 2024	Mar 2025	Mar 2026
Equity capital	3 Cr	3 Cr	51 Cr
Reserves	26 Cr	59 Cr	96 Cr
Borrowings	142 Cr	166 Cr	183 Cr
Other liabilities	25 Cr	34 Cr	33 Cr
Total liabilities	196 Cr	262 Cr	363 Cr
Fixed assets (net)	45 Cr	67 Cr	71 Cr
CWIP	10 Cr	5 Cr	2 Cr
Investments	—	—	—
Inventories	42 Cr	45 Cr	116 Cr
Trade receivables	40 Cr	60 Cr	25 Cr
Cash & bank	2 Cr	0.21 Cr	14 Cr
Other assets	58 Cr	85 Cr	136 Cr
Total assets	196 Cr	262 Cr	363 Cr

Cash flows

Annual · ₹ Cr · tap + rows to expand · last column includes FCF

Metric	Mar 2024	Mar 2025	Mar 2026
Cash from operating activity	-25 Cr	8 Cr	30 Cr
Cash from investing	-27 Cr	-23 Cr	-20 Cr
Cash from financing	54 Cr	13 Cr	4 Cr
Net cash flow	2 Cr	-2 Cr	14 Cr
Free cash flow (OCF − Capex)	-46 Cr	-17 Cr	18 Cr

Ratios

Metric	Mar 2024	Mar 2025	Mar 2026
ROCE %	12.9%	25.4%	41.5%
ROE %	30.6%	53.1%	57.5%
Debtor days	31	29	8
Inventory days	42	28	45
Days payable	9	14	5
Cash conversion cycle	64	43	48
OCF / EBITDA %	-90.0%	11.9%	20.3%
OCF / EBITDA % (3 years)	—	—	5.1%
Debt / equity	4.87	2.65	1.24
Current ratio	0.91	1.04	1.41
Net debt / EBITDA	5.01	2.51	1.15