Page: Company Financials
Aarti Surfactants Limited
$398.60
-7.70 (-1.90%)
As of: 2026-01-27
Master Data Export
Enterprise Value
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|
| Stock Price | 482.15 | 680.43 | 615.98 | 684.67 | 1,199.55 | 612.39 |
| Market Capitalization | 4,078.41M | 5,755.10M | 5,042.78M | 5,136.87M | 9,094.33M | 4,652.82M |
| (-) Cash & Equivalents | 4.78M | 33.88M | 0.00M | -0.12M | 24.54M | 3.26M |
| (+) Total Debt | 761.96M | 530.52M | 719.78M | 816.60M | 810.90M | 287.73M |
| Enterprise Value | 4,835.59M | 6,251.74M | 5,762.56M | 5,953.59M | 9,880.68M | 4,937.29M |
Income Statement
| Metric | TTM | TTM-1 | 2025-03-31 | 2024-03-31 | 2023-03-31 | 2022-03-31 | 2021-03-31 | 2020-03-31 | 2019-03-31 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | 7,599M | 5,915M | 6,591M | 5,899M | 5,972M | 5,704M | 4,633M | 3,204M | 3,087M |
| Cost of Revenue | 6,245M | 4,722M | 5,343M | 5,205M | 4,743M | 4,910M | 3,891M | 2,808M | 2,884M |
| Gross Profit | 1,354M | 1,193M | 1,248M | 694M | 1,229M | 794M | 742M | 396M | 203M |
| Gross Profit Margin | 17.8% | 20.2% | 18.9% | 11.8% | 20.6% | 13.9% | 16.0% | 12.4% | 6.6% |
| R&D Expenses | 73M | 21M | 0M | 21M | 9M | 10M | 0M | 0M | 0M |
| SG&A Expenses | 57M | 369M | 201M | 181M | 254M | 333M | 151M | 70M | 56M |
| Operating Expenses | 841M | 911M | 201M | 229M | 947M | 589M | 407M | 266M | 240M |
| Operating Income (EBIT) | 513M | 282M | 1,046M | 464M | 282M | 206M | 335M | 130M | -36M |
| Operating Income Margin | 6.7% | 4.8% | 15.9% | 7.9% | 4.7% | 3.6% | 7.2% | 4.1% | -1.2% |
| Interest Income | 0M | 34M | 0M | 1M | 3M | 3M | 1M | 1M | 20M |
| Interest Expense | 125M | 122M | 116M | 140M | 148M | 107M | 104M | 103M | 21M |
| Net Interest Income | -125M | -88M | -116M | -139M | -145M | -104M | -104M | -102M | 0M |
| Unusual Items | -182M | 28M | -724M | -3M | 41M | -9M | -2M | 1M | -23M |
| EBT Excluding Unusual Items | 388M | 194M | 931M | 325M | 137M | 102M | 231M | 28M | -37M |
| Pre-Tax Income | 206M | 222M | 207M | 322M | 178M | 93M | 229M | 29M | -60M |
| Pre-Tax Margin | 2.7% | 3.7% | 3.1% | 5.5% | 3.0% | 1.6% | 4.9% | 0.9% | -1.9% |
| Income Tax Expense | 56M | 68M | 62M | 109M | 51M | 38M | 13M | 9M | 5M |
| Net Income | 150M | 154M | 145M | 213M | 127M | 55M | 216M | 21M | -65M |
| Net Income Margin | 2.0% | 2.6% | 2.2% | 3.6% | 2.1% | 1.0% | 4.7% | 0.7% | -2.1% |
| Depreciation & Amortization | 175M | 168M | 173M | 160M | 155M | 124M | 122M | 106M | 88M |
| EBITDA | 688M | 450M | 1,220M | 625M | 437M | 330M | 457M | 236M | 52M |
| EBITDA Margin | 9.1% | 7.6% | 18.5% | 10.6% | 7.3% | 5.8% | 9.9% | 7.4% | 1.7% |
| NOPAT | 374M | 196M | 735M | 308M | 201M | 121M | 316M | 92M | -29M |
| NOPAT Margin | 4.9% | 3.3% | 11.2% | 5.2% | 3.4% | 2.1% | 6.8% | 2.9% | -0.9% |
| Owner's Earnings | 325M | 321M | 117M | 210M | 173M | -46M | -276M | -120M | -259M |
| Owner's Earnings Margin | 4.3% | 5.4% | 1.8% | 3.6% | 2.9% | -0.8% | -6.0% | -3.8% | -8.4% |
| EPS (Basic) | 17.77 | 18.66 | 17.20 | 26.63 | 16.64 | 7.25 | 28.10 | 2.71 | -8.43 |
| EPS (Diluted) | 17.77 | 18.12 | 17.19 | 25.16 | 16.47 | 7.14 | 28.10 | 2.71 | -8.43 |
| Shares (Basic) | 8M | 8M | 8M | 8M | 8M | 8M | 8M | 8M | 8M |
| Shares (Diluted) | 8M | 8M | 8M | 8M | 8M | 8M | 8M | 8M | 8M |
Balance Sheet
| Metric | MRQ | MRQ-1 | 2025-03-31 | 2024-03-31 | 2023-03-31 | 2022-03-31 | 2021-03-31 | 2020-03-31 | 2019-03-31 |
|---|---|---|---|---|---|---|---|---|---|
| Cash & Cash Equivalents | 2.26M | 0.00M | 12.07M | 63.15M | 76.89M | 14.29M | 67.32M | 1.05M | 0.20M |
| Short-Term Investments | 0.15M | 12.07M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M |
| Cash & Short-Term Investments | 2.41M | 12.07M | 12.07M | 63.15M | 76.89M | 14.29M | 67.32M | 1.05M | 0.20M |
| Net Receivables | 736.19M | 0.00M | 763.96M | 759.50M | 864.45M | 699.83M | 612.69M | 233.59M | 307.79M |
| Inventory | 1,426.25M | 0.00M | 1,343.25M | 992.08M | 773.26M | 748.24M | 731.90M | 564.88M | 526.99M |
| Other Current Assets | 332.59M | -12.07M | 398.95M | 164.69M | 87.99M | 276.73M | 335.28M | 140.36M | 217.16M |
| Total Current Assets | 2,497.44M | 0.00M | 2,518.23M | 1,979.42M | 1,802.59M | 1,739.09M | 1,747.20M | 939.88M | 1,052.14M |
| Property, Plant & Equipment | 2,261.83M | 0.00M | 2,157.94M | 2,153.96M | 2,150.69M | 2,242.79M | 2,056.49M | 1,640.92M | 1,423.44M |
| Goodwill | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M |
| Intangible Assets | 39.78M | 0.00M | 28.13M | 7.44M | 0.93M | 4.67M | 8.41M | 12.15M | 0.00M |
| Long-Term Investments | 26.15M | 0.00M | 0.01M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 314.97M |
| Tax Assets | 0.00M | 0.00M | 0.00M | 0.00M | 22.31M | 26.78M | -0.13M | 0.00M | 0.00M |
| Other Non-Current Assets | 76.83M | 0.00M | 67.58M | 66.72M | 1.80M | 0.00M | 46.60M | 0.00M | -1,738.41M |
| Other Assets | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 26.24M | 0.00M |
| Total Non-Current Assets | 2,404.59M | 0.00M | 2,253.64M | 2,228.12M | 2,175.74M | 2,274.24M | 2,111.37M | 1,679.31M | 0.00M |
| Total Assets | 4,902.03M | 0.00M | 4,771.87M | 4,207.54M | 3,978.33M | 4,013.33M | 3,858.56M | 2,619.19M | 1,052.14M |
| Accounts Payable | 890.57M | 0.00M | 922.22M | 673.01M | 570.10M | 701.73M | 701.73M | 192.44M | 384.49M |
| Short-Term Debt | 793.64M | 0.00M | 811.30M | 492.91M | 757.89M | 561.46M | 714.46M | 601.79M | 666.53M |
| Tax Payables | 0.00M | 0.00M | 0.00M | 7.56M | 2.54M | 0.00M | 3.84M | 5.08M | 0.00M |
| Deferred Revenue | 0.00M | 0.00M | 0.00M | 31.17M | 52.64M | 171.95M | 124.75M | 155.17M | -666.53M |
| Other Current Liabilities | 152.79M | 0.00M | 125.73M | 68.77M | 3.61M | 43.59M | 0.56M | -15.90M | 0.31M |
| Total Current Liabilities | 1,837.00M | 0.00M | 1,859.25M | 1,273.42M | 1,386.78M | 1,478.72M | 1,545.33M | 938.58M | 384.81M |
| Long-Term Debt | 373.48M | 0.00M | 276.03M | 479.34M | 733.43M | 1,053.72M | 804.90M | 487.79M | 300.00M |
| Capital Lease Obligations | 14.81M | 0.00M | 16.61M | 19.83M | 16.61M | 16.61M | 0.00M | 0.00M | 0.00M |
| Deferred Tax Liabilities | 199.18M | 0.00M | 199.18M | 178.40M | 145.83M | 120.83M | 89.16M | 76.21M | 72.77M |
| Other Non-Current Liabilities | 110.18M | -2,326.25M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M |
| Total Non-Current Liabilities | 697.64M | -2,326.25M | 491.81M | 677.57M | 895.87M | 1,191.15M | 894.06M | 564.00M | 372.77M |
| Total Liabilities | 2,534.65M | -2,326.25M | 2,351.06M | 1,950.99M | 2,282.65M | 2,669.88M | 2,439.39M | 1,502.58M | 757.58M |
| Preferred Stock | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M |
| Common Stock | 84.66M | 0.00M | 84.66M | 84.66M | 79.41M | 75.85M | 75.85M | 75.85M | 0.50M |
| Retained Earnings | 0.00M | 0.00M | 1,761.27M | 1,616.12M | 1,406.34M | 1,283.33M | 1,250.66M | 1,033.65M | 0.00M |
| Accumulated OCI | 0.00M | 2,326.25M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 1,359.17M |
| Minority Interest | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M |
| Total Shareholders’ Equity | 84.66M | 2,326.25M | 1,845.93M | 1,700.78M | 1,485.76M | 1,359.18M | 1,326.50M | 1,109.50M | 1,359.67M |
| Total Equity | 84.66M | 2,326.25M | 1,845.93M | 1,700.78M | 1,485.76M | 1,359.18M | 1,326.50M | 1,109.50M | 1,359.67M |
| Total Liabilities & Equity | 2,619.30M | 0.00M | 4,196.98M | 3,651.77M | 3,768.40M | 4,029.05M | 3,765.89M | 2,612.07M | 2,117.25M |
| Tangible Assets | 4,862.24M | 0.00M | 4,743.74M | 4,200.10M | 3,977.39M | 4,008.65M | 3,850.15M | 2,607.05M | 1,052.14M |
| Tangible Equity | 44.88M | 2,326.25M | 1,817.80M | 1,693.34M | 1,484.82M | 1,354.51M | 1,318.09M | 1,097.35M | 1,359.67M |
| Tangible Book Value | 44.88M | 2,326.25M | 1,817.80M | 1,693.34M | 1,484.82M | 1,354.51M | 1,318.09M | 1,097.35M | 1,359.67M |
| Total Investments | 26.15M | 0.00M | 0.01M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 314.97M |
| Net Debt | 1,164.86M | 0.00M | 1,075.26M | 909.11M | 1,414.44M | 1,600.89M | 1,452.04M | 1,088.53M | 966.33M |
Capital Metrics
| Metric | MRQ | MRQ-1 | 2025-03-31 | 2024-03-31 | 2023-03-31 | 2022-03-31 | 2021-03-31 | 2020-03-31 | 2019-03-31 |
|---|---|---|---|---|---|---|---|---|---|
| Working Capital | 656.3M | 0.0M | 655.2M | 702.8M | 403.0M | 259.5M | 109.2M | -5.8M | -16.6M |
| Total Capital | 3,549.3M | 2,326.2M | 3,430.2M | 3,173.2M | 3,171.6M | 2,974.4M | 2,845.9M | 2,012.2M | 2,326.2M |
| Capital Employed | 3,060.9M | 0.0M | 2,908.8M | 2,931.0M | 2,602.6M | 2,533.7M | 2,194.2M | 1,673.5M | 1,732.4M |
| Invested Capital | 3,547.0M | 2,326.2M | 3,418.1M | 3,110.0M | 3,094.7M | 2,960.1M | 2,778.5M | 2,011.1M | 2,326.0M |
Cash Flow Statement
| Metric | TTM | TTM-1 | 2025-03-31 | 2024-03-31 | 2023-03-31 | 2022-03-31 | 2021-03-31 | 2020-03-31 | 2019-03-31 |
|---|---|---|---|---|---|---|---|---|---|
| Net Income | 152.68M | 183.00M | 145.45M | 321.89M | 178.01M | 93.19M | 229.14M | 29.45M | -59.82M |
| Depreciation & Amortization | 0.00M | 78.78M | 173.46M | 160.38M | 154.87M | 124.46M | 122.11M | 105.76M | 87.97M |
| Deferred Income Tax | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M |
| Stock-Based Compensation | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M |
| Change in Working Capital | 0.00M | 0.00M | -203.31M | -37.34M | -213.89M | -72.58M | -97.39M | -57.19M | -178.80M |
| Accounts Receivable | 0.00M | 0.00M | -215.30M | 28.30M | -19.87M | -24.65M | -580.66M | 139.01M | 15.15M |
| Inventory | 0.00M | 0.00M | -351.18M | -218.81M | -25.02M | -16.35M | -167.01M | -37.89M | -28.58M |
| Accounts Payable | 0.00M | 0.00M | 363.17M | 153.18M | -169.01M | -31.58M | 650.29M | -158.30M | -165.37M |
| Other Working Capital | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M |
| Other Non-Cash Items | -152.68M | -142.75M | -4.22M | 74.68M | 128.86M | 88.11M | 104.40M | 103.09M | 23.86M |
| Net Cash from Operating Activities | 0.00M | 157.56M | 111.38M | 519.61M | 247.84M | 233.18M | 358.26M | 181.11M | -126.78M |
| Capital Expenditures (PPE) | 0.00M | 0.00M | -202.36M | -163.53M | -108.53M | -225.41M | -614.87M | -246.94M | -282.53M |
| Acquisitions (Net) | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | -225.44M | 0.00M |
| Purchases of Investments | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M |
| Sales / Maturities of Investments | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 225.45M | 0.00M |
| Other Investing Activities | 0.00M | 0.00M | 40.73M | 1.34M | 194.14M | 0.00M | 0.00M | 225.44M | 0.00M |
| Net Cash from Investing Activities | 0.00M | 0.00M | -161.63M | -162.19M | 85.61M | -225.41M | -614.87M | -21.49M | -282.53M |
| Net Debt Issuance | 0.00M | 0.00M | 107.81M | -526.35M | -131.11M | 88.55M | 420.03M | -61.39M | 300.00M |
| Long-Term Debt Issuance | 0.00M | 0.00M | -264.53M | -259.82M | -130.65M | 241.15M | 371.81M | 0.00M | 300.00M |
| Short-Term Debt Issuance | 0.00M | 0.00M | 367.44M | -266.53M | -0.46M | -152.60M | 48.23M | -61.39M | 133.47M |
| Net Stock Issuance | 0.00M | 0.00M | 0.00M | 289.74M | 194.14M | 0.00M | 0.00M | 0.00M | 0.00M |
| Common Stock Issuance | 0.00M | 0.00M | 0.00M | 289.74M | 194.14M | 0.00M | 0.00M | 0.00M | 0.00M |
| Common Stock Repurchased | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M |
| Preferred Stock Issuance | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M |
| Net Dividends Paid | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | -22.59M | 0.00M | 0.00M | 0.00M |
| Common Dividends Paid | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | -22.59M | 0.00M | 0.00M | 0.00M |
| Preferred Dividends Paid | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M |
| Other Financing Activities | 0.00M | 0.00M | -111.48M | -134.53M | -333.88M | -126.76M | -104.15M | -97.38M | 109.31M |
| Net Cash from Financing Activities | 0.00M | 0.00M | -3.67M | -371.15M | -270.86M | -60.80M | 315.88M | -158.77M | 409.31M |
| Effect of FX on Cash | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.19M |
| Net Change in Cash | 0.00M | 157.56M | -53.92M | -13.73M | 62.60M | -53.03M | 66.28M | 0.85M | 0.01M |
| Cash at Beginning of Period | 0.00M | 96.28M | 62.49M | 76.23M | 14.29M | 67.32M | 1.05M | 0.20M | 0.19M |
| Cash at End of Period | 0.00M | 204.89M | 8.57M | 62.49M | 76.89M | 14.29M | 67.32M | 1.05M | 0.20M |
| Operating Cash Flow | 0.00M | 157.56M | 111.38M | 519.61M | 247.84M | 233.18M | 358.26M | 181.11M | -126.78M |
| Capital Expenditure | 0.00M | 0.00M | -202.36M | -163.53M | -108.53M | -225.41M | -614.87M | -246.94M | -282.53M |
| Free Cash Flow | 0.00M | 157.56M | -90.98M | 356.08M | 139.31M | 7.77M | -256.61M | -65.83M | -409.31M |
Free Cash Flow
| Metric | TTM | TTM-1 | 2025-03-31 | 2024-03-31 | 2023-03-31 | 2022-03-31 | 2021-03-31 | 2020-03-31 | 2019-03-31 |
|---|---|---|---|---|---|---|---|---|---|
| EBITDA | 1,344.02M | 913.94M | 1,219.87M | 652.34M | 1,121.09M | 574.80M | 712.70M | 431.58M | 235.76M |
| (-) Tax Adjustment | 386.51M | 315.41M | 362.82M | 220.13M | 320.95M | 201.18M | 39.80M | 125.89M | 0.00M |
| (-) Change In Working Capital | 0.00M | 0.00M | -203.31M | -37.34M | -213.89M | -72.58M | -97.39M | -57.19M | -178.80M |
| (-) Capital Expenditure | 0.00M | 0.00M | -202.36M | -163.53M | -108.53M | -225.41M | -614.87M | -246.94M | -282.53M |
| Unlevered Free Cash Flow | 957.51M | 598.53M | 858.00M | 306.03M | 905.49M | 220.79M | 155.42M | 115.95M | 132.03M |
| (-) Net Interest Income After Taxes | -87.30M | -64.69M | -81.16M | -92.10M | -103.64M | -67.45M | -98.02M | -72.33M | -0.49M |
| Net Debt Issuance | 0.00M | 0.00M | 107.81M | -526.35M | -131.11M | 88.55M | 420.03M | -61.39M | 300.00M |
| Levered Free Cash Flow | 1,044.80M | 663.22M | 1,046.96M | -128.22M | 878.02M | 376.78M | 673.46M | 126.89M | 432.52M |