Aartech Solonics Limited AARTECH NSEINFRA

Industrials · Electrical Equipment & Parts · India

Aartech Solonics Limited operates as a system solution oriented research and development enterprise in the field of specialized and selected energy appliances in India and internationally. The company's product portfolio includes BTS 2000, a fast bus transfer system; control and relay panels, including main and auxiliary relays, annunciation relays, fuses, switches, wiring, terminal blocks; kranking ultracapacitors, built for engine cranking tasks; CLIP fault current limiters; best case; AC and DC UPS; flywheel, a mechanical energy storage device; load checker, a system for cutting off the mains supply if it detects excessive current; solar design and engineering services; and solid waste treatment. The company serves renewable and non-renewable energy, power T&D, heavy engineering, defense and exploration, healthcare, IT & telecom, waste management, non-renewables, and transportation industries. Aartech Solonics Limited was incorporated in 1982 and is based in Bhopal, India.

Market & Price

Market Cap

₹133.59 Cr

Current Price

₹42.05

High / Low (52W)

₹73.75 / ₹34.80

Beta

0.90

Valuation

Stock P/E

76.45

Industry PE

27.78

Forward P/E

PEG Ratio

Book Value

₹10.65

Price to Book

3.95

P/S

3.27

EV/EBITDA

23.55

Dividend Yield

0.30%

Profitability & Returns

ROCE

6.74%

ROE

11.93%

ROA

7.51%

Profit Margin

9.90%

Op Margin

7.76%

EPS (Latest Qtr)

₹0.18

EPS (TTM)

₹0.55

Balance Sheet & Liquidity

Debt/Equity

0.16

Quick Ratio

2.03

Current Ratio

2.85

Debt

₹5.62 Cr

Total Assets

₹42.81 Cr

Current Assets

₹34.11 Cr

Working Capital

₹23.29 Cr

Ownership

Promoter Holding

71.96%

Chg in Prom Hold

FII / Inst Holding

0.00%

Chg in FII Hold

Financial Snapshot

Enterprise Value

₹144.45 Cr

Total Revenue (TTM)

₹40.88 Cr

EBITDA

₹6.13 Cr

Free Cash Flow

₹-2.97 Cr

Operating Cash Flow

₹-74.95 L

Shares Outstanding

₹3.18 Cr

Gross Margin

44.98%

Payout Ratio

22.73%

Growth (CAGR)

Revenue 5Y

30.55%

Profit 5Y

-0.40%

Revenue (YoY)

65.50%

Earnings (YoY)

PROS

Compounding revenue at 30.6% over 5 years.

CONS

Trading at a high P/E of 76.5.
Earnings shrank at -0.4% CAGR over 5 years.
Trading 43.0% below its 52-week high.
In a downtrend (50-DMA below 200-DMA).

* The pros and cons are auto-generated from financial metrics.

Price Chart

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Fundamental Growth

Period: Metric:

Figures from the latest reported periods. CAGR is computed across the displayed window (quarterly CAGR is annualised assuming 4 quarters per year).

Peer comparison

Peer companies in the same sector (Industrials).

#	Name	CMP ₹	P/E	Mkt Cap	Div Yld %	ROCE %	ROE %	Rev CAGR 5Y %	Profit CAGR 5Y %
1	AARTECH Aartech Solonics Limited NSEINFRA	42.05	76.45	₹133.59 Cr	0.30%	6.74%	11.93%	30.55%	-0.40%
2	LT Larsen & Toubro Limited NIFTY50NSEAIINFRA	4,076.50	34.84	₹5.61 L Cr	0.93%	14.55%	16.95%	16.09%	15.38%
3	ADANIPORTS Adani Ports and Special Economic Zone Limited NIFTY50NSEINFRA	1,804.60	30.96	₹4.16 L Cr	0.42%	11.02%	15.59%	22.93%	34.11%
4	HAL Hindustan Aeronautics Limited NSEAIDEFENCEINFRAPSU	4,303.80	31.55	₹2.88 L Cr	1.16%	13.80%	23.98%	7.87%	16.08%
5	POWERINDIA Hitachi Energy India Limited NIFTY_MIDNSEINFRA	38,445.00	172.41	₹1.71 L Cr	0.02%	24.92%	21.04%	22.24%	119.12%
6	INDIGO InterGlobe Aviation Limited NSEINFRA	4,405.00	-	₹1.70 L Cr	0.24%	15.53%	-	44.12%	72.60%
7	CUMMINSIND Cummins India Limited NSEINFRA	5,881.00	68.97	₹1.63 L Cr	1.12%	34.95%	29.45%	16.07%	24.35%
8	CGPOWER CG Power and Industrial Solutions Limited NSEINFRA	917.45	118.99	₹1.44 L Cr	0.14%	19.35%	19.56%	21.67%	7.81%
9	POLYCAB Polycab India Limited NIFTY_MIDNSEAIINFRA	9,477.50	53.48	₹1.43 L Cr	0.37%	30.44%	24.58%	26.57%	28.11%

Quarterly Results

Figures in INR.

Metric	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025
Revenue	-	9.78 Cr	10.55 Cr	4.34 Cr	11.70 Cr	7.38 Cr
Cost of Revenue	-	4.16 Cr	4.25 Cr	1.73 Cr	6.01 Cr	2.43 Cr
Gross Profit	-	5.63 Cr	6.30 Cr	2.61 Cr	5.70 Cr	4.95 Cr
Operating Expenses	-	4.67 Cr	1.76 Cr	2.82 Cr	3.44 Cr	2.74 Cr
Operating Income	-	95.84 L	4.54 Cr	-21.04 L	2.25 Cr	2.21 Cr
EBITDA	-	1.72 Cr	-2.80 Cr	1.32 Cr	2.74 Cr	1.43 Cr
Interest Expense	-	13.22 L	-2.07 L	21.33 L	16.63 L	15.44 L
Pretax Income	-	1.46 Cr	-2.90 Cr	97.38 L	2.44 Cr	1.14 Cr
Tax Provision	-	-38.11 L	-1.27 Cr	34.07 L	28.96 L	56.19 L
Net Income	-	1.84 Cr	-1.63 Cr	96.42 L	2.16 Cr	60.33 L
Diluted EPS	0.47	0.58	-	0.20	0.68	0.18

Profit & Loss (Annual)

Figures in INR.

Metric	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Revenue	16.34 Cr	21.69 Cr	32.74 Cr	36.35 Cr
Cost of Revenue	8.90 Cr	12.99 Cr	21.68 Cr	17.97 Cr
Gross Profit	7.43 Cr	8.69 Cr	11.07 Cr	18.38 Cr
Operating Expenses	5.25 Cr	7.19 Cr	10.64 Cr	12.46 Cr
Operating Income	2.18 Cr	1.51 Cr	42.53 L	5.92 Cr
EBITDA	3.90 Cr	2.67 Cr	3.36 Cr	2.66 Cr
Interest Expense	12.82 L	19.54 L	31.38 L	42.19 L
Pretax Income	3.42 Cr	2.04 Cr	2.58 Cr	1.73 Cr
Tax Provision	62.66 L	63.06 L	1.27 Cr	-1.03 Cr
Net Income	2.80 Cr	1.42 Cr	1.32 Cr	2.76 Cr
Diluted EPS	0.88	0.45	0.41	0.87

Compounded Sales Growth

5 Years:	30.55%
1 Year:	65.50%

Compounded Profit Growth

5 Years:	-0.40%
1 Year:	-

Stock Price Performance

1 Year:	-27.37%
6 Months:	-15.93%
3 Months:	-3.62%
1 Month:	-14.91%

Balance Sheet (Annual)

Figures in INR.

Metric	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Total Assets	32.79 Cr	36.84 Cr	41.12 Cr	42.81 Cr
Current Assets	19.77 Cr	25.69 Cr	30.10 Cr	34.11 Cr
Cash & Equivalents	1.18 Cr	1.37 Cr	2.34 Cr	2.38 Cr
Inventory	2.76 Cr	5.13 Cr	7.74 Cr	10.80 Cr
Receivables	6.49 Cr	10.56 Cr	9.48 Cr	5.89 Cr
Total Liabilities	4.76 Cr	7.98 Cr	11.58 Cr	11.32 Cr
Current Liabilities	3.98 Cr	7.49 Cr	11.13 Cr	10.82 Cr
Long Term Debt	0	0	-	-
Total Debt	79.90 L	2.78 Cr	4.20 Cr	5.64 Cr
Total Equity	28.02 Cr	28.87 Cr	29.53 Cr	31.46 Cr
Shares Outstanding	3.18 Cr	3.18 Cr	3.18 Cr	3.18 Cr

Cash Flows (Annual)

Figures in INR.

Metric	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Operating Cash Flow	1.66 Cr	-4.82 Cr	1.49 Cr	-1.52 Cr
Investing Cash Flow	-1.27 Cr	3.84 Cr	-93.03 L	1.28 Cr
Financing Cash Flow	-23.12 L	1.17 Cr	40.34 L	28.31 L
Capital Expenditure	-	-52.47 L	-63.89 L	-49.07 L
Free Cash Flow	1.66 Cr	-5.35 Cr	85.31 L	-2.01 Cr
Net Change in Cash	15.56 L	19.17 L	96.51 L	3.67 L

Ratios (Annual)

Figures in %.

Metric	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Gross Margin %	45.5%	40.1%	33.8%	50.6%
Operating Margin %	13.4%	7.0%	1.3%	16.3%
Net Margin %	17.1%	6.6%	4.0%	7.6%
ROE %	10.0%	4.9%	4.5%	8.8%
ROCE %	7.6%	5.1%	1.4%	18.5%

Shareholding Pattern

Insiders

71.96%

Institutions

0.00%

Public Float

0.00%

Analyst View

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AARTECH · Industrials