ARIES

Aries Agro Limited

Micronutrient Fertilizers and Plant Nutrient Solutions manufacturer

Commodities›Chemicals›Fertilizers & Agrochemicals›Fertilizers

ariesagro.com(opens the company website in a new tab)
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Key metrics

Price as of 2026-10-16

Stock price
₹473.15
Market cap
615 Cr
Stock P/E
12.9
P/B
1.84
Dividend yield
0.3%
ROE (FY26)
12.7%
ROCE (FY26)
20.1%
Operating margin (FY26)
8.8%
Debt / equity (FY26)
0.15
OCF / EBITDA (FY26)
113.0%
OCF / EBITDA (3Y)
134.6%

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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Compare with peers

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What you need to know

Aries Agro makes micronutrient fertilizers and plant nutrient solutions, with Indian subsidiaries and a subsidiary in the United Arab Emirates.

Company snapshot

13thBy market cap

Ranked among 19 companies in Fertilizers.

What we see

Positives
  • ✓135% of operating profit came in as cash over the last three years — profits are backed by real cash.
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Statement tables · Consolidated

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

Amounts in ₹ Cr · tap + to expand rows

Quarterly results

Quarterly · ₹ Cr · tap + rows to expand

MetricSept 2023Dec 2023Mar 2024Jun 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Jun 2026
Sales157 Cr147 Cr106 Cr135 Cr192 Cr168 Cr127 Cr160 Cr200 Cr201 Cr179 Cr186 Cr
Operating expenses (approx.)129 Cr130 Cr108 Cr120 Cr159 Cr149 Cr127 Cr139 Cr166 Cr174 Cr184 Cr160 Cr
EBITDA28 Cr17 Cr-2 Cr15 Cr33 Cr19 Cr0.21 Cr20 Cr34 Cr27 Cr-5 Cr25 Cr
OPM %17.8%11.5%-1.7%11.2%17.0%11.5%0.2%12.8%16.9%13.4%-2.9%13.7%
Other income2 Cr0.20 Cr1.00 Cr0.25 Cr2 Cr2 Cr0.75 Cr1 Cr4 Cr2 Cr6 Cr2 Cr
Interest9 Cr4 Cr5 Cr3 Cr8 Cr5 Cr3 Cr5 Cr8 Cr2 Cr3 Cr5 Cr
Depreciation2 Cr2 Cr2 Cr2 Cr2 Cr2 Cr3 Cr2 Cr3 Cr3 Cr3 Cr3 Cr
Profit before tax18 Cr11 Cr-8 Cr11 Cr24 Cr15 Cr-5 Cr14 Cr28 Cr24 Cr-6 Cr20 Cr
Tax %31.0%32.3%22.9%32.5%21.8%21.7%20.0%31.5%29.0%27.4%21.5%24.3%
Net profit12 Cr8 Cr-6 Cr7 Cr19 Cr11 Cr-4 Cr10 Cr20 Cr17 Cr-5 Cr15 Cr
EPS (₹)₹9.61₹6.00₹-4.32₹5.59₹14.51₹8.91₹-2.84₹7.71₹15.39₹13.26₹-3.40₹11.47

Profit & loss (annual)

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

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales265 Cr295 Cr265 Cr296 Cr381 Cr440 Cr472 Cr516 Cr622 Cr740 CrSign in free for the trailing twelve months
Operating expenses (approx.)226 Cr249 Cr222 Cr256 Cr325 Cr393 Cr424 Cr461 Cr555 Cr664 CrSign in free for the trailing twelve months
EBITDA39 Cr46 Cr44 Cr40 Cr57 Cr47 Cr48 Cr55 Cr67 Cr76 CrSign in free for the trailing twelve months
OPM %14.7%15.6%16.4%13.4%14.9%10.6%10.1%10.7%10.8%10.3%Sign in free for the trailing twelve months
Other income3 Cr2 Cr3 Cr7 Cr0.27 Cr4 Cr9 Cr3 Cr5 Cr13 CrSign in free for the trailing twelve months
Interest23 Cr29 Cr29 Cr26 Cr26 Cr24 Cr23 Cr22 Cr19 Cr18 CrSign in free for the trailing twelve months
Depreciation7 Cr2 Cr2 Cr5 Cr6 Cr6 Cr8 Cr8 Cr9 Cr11 CrSign in free for the trailing twelve months
Profit before tax12 Cr17 Cr16 Cr15 Cr24 Cr19 Cr25 Cr28 Cr44 Cr60 CrSign in free for the trailing twelve months
Tax %54.4%45.6%50.5%48.9%31.2%38.7%37.2%35.2%24.5%29.7%Sign in free for the trailing twelve months
Net profit5 Cr9 Cr8 Cr8 Cr16 Cr12 Cr16 Cr18 Cr33 Cr42 CrSign in free for the trailing twelve months
EPS (₹)₹5.43₹8.06₹7.60₹7.49₹13.81₹10.22₹13.17₹14.94₹26.16₹32.95Sign in free for the trailing twelve months
Dividend payout %————0.0%9.0%6.5%7.1%3.9%3.7%Sign in free for the trailing twelve months
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

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity capital13 Cr13 Cr13 Cr13 Cr13 Cr13 Cr13 Cr13 Cr13 Cr13 Cr
Reserves162 Cr170 Cr176 Cr181 Cr198 Cr211 Cr230 Cr247 Cr277 Cr321 Cr
Borrowings136 Cr167 Cr168 Cr145 Cr128 Cr106 Cr96 Cr70 Cr44 Cr51 Cr
Other liabilities101 Cr102 Cr114 Cr139 Cr155 Cr173 Cr177 Cr183 Cr244 Cr250 Cr
Total liabilities450 Cr477 Cr494 Cr487 Cr501 Cr509 Cr520 Cr517 Cr581 Cr639 Cr
Fixed assets (net)71 Cr87 Cr95 Cr48 Cr55 Cr68 Cr75 Cr96 Cr110 Cr116 Cr
CWIP22 Cr14 Cr15 Cr12 Cr13 Cr0 Cr0 Cr2 Cr10 Cr40 Cr
Investments—0.0015 Cr0.0015 Cr59 Cr57 Cr57 Cr62 Cr63 Cr67 Cr84 Cr
Loans & advances——0.12 Cr0.12 Cr0.07 Cr0.08 Cr0.06 Cr0.11 Cr0.08 Cr0.10 Cr
Inventories142 Cr127 Cr130 Cr138 Cr141 Cr147 Cr144 Cr126 Cr133 Cr144 Cr
Trade receivables142 Cr182 Cr186 Cr116 Cr123 Cr118 Cr118 Cr113 Cr118 Cr92 Cr
Cash & bank6 Cr6 Cr4 Cr0.77 Cr0.69 Cr0.71 Cr2 Cr2 Cr29 Cr25 Cr
Other assets67 Cr61 Cr64 Cr113 Cr112 Cr118 Cr119 Cr115 Cr116 Cr138 Cr
Total assets450 Cr477 Cr494 Cr487 Cr501 Cr509 Cr520 Cr517 Cr581 Cr639 Cr

Cash flows

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

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from operating activity48 Cr14 Cr44 Cr53 Cr58 Cr69 Cr55 Cr77 Cr105 Cr86 Cr
Cash from investing13 Cr-2 Cr-10 Cr-35 Cr-14 Cr-13 Cr-16 Cr-26 Cr-34 Cr-78 Cr
Cash from financing-59 Cr-12 Cr-36 Cr-21 Cr-44 Cr-56 Cr-37 Cr-50 Cr-45 Cr-12 Cr
Net cash flow2 Cr0.35 Cr-2 Cr-4 Cr-0.08 Cr0.03 Cr1 Cr0.57 Cr26 Cr-4 Cr
Free cash flow (OCF − Capex)42 Cr4 Cr36 Cr40 Cr43 Cr62 Cr39 Cr46 Cr73 Cr37 Cr

Ratios

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROCE %10.1%12.1%11.7%11.7%14.4%12.9%14.2%15.1%18.6%20.1%
ROE %3.3%4.3%4.6%4.8%8.3%5.8%6.9%7.3%11.6%12.7%
Debtor days1952252551431179891806945
Inventory days624507729609290366339264239212
Days payable1542313162581081731469996102
Cash conversion cycle665501668494300291285245212155
OCF / EBITDA %122.5%30.4%101.8%133.4%102.0%147.4%114.2%138.1%156.1%113.0%
OCF / EBITDA % (3 years)——82.6%86.2%110.8%125.5%119.9%133.4%138.5%134.6%
Debt / equity0.780.910.890.750.610.470.390.270.150.15
Current ratio1.651.531.471.421.451.531.611.681.691.69
Net debt / EBITDA3.34—3.743.622.242.261.961.230.230.34