AARTISURF
Aarti Surfactants financials
- Market cap
- ₹417 Cr
- Sector
- Chemicals
What Aarti Surfactants Limited does
Aarti Surfactants Limited (ASL) was incorporated in 2018 following the demerger of the Home and Personal Care segment of Aarti Industries Limited. It manufactures specialty surfactants used in home-care products (detergents, dishwashing liquids, surface and floor cleaners) and personal-care products (shampoos, body washes, hand washes, moisturisers, sunscreens, lotions) supplied to FMCG companies domestically and internationally. Production is carried out at two manufacturing units, supported by a dedicated R&D centre in Navi Mumbai.
Segments
- Home Care
- Personal Care
- Manufacturing facilities
- 2 (Pithampur, Madhya Pradesh & Silvassa, Dadra and Nagar Haveli)
- Total employees
- 374
- Product portfolio
- 50+
- Customers served
- 100+
- Export presence
- 30+ countries across Asia, Europe, Africa and the Americas
- R&D centres
- 1 (Navi Mumbai)
Quarterly results
Q1 FY27: revenue up 26.4%, net profit up 196.7% against the same quarter last year.
| Line item | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 151 | 163 | 202 | 216 | 179 +19% | 208 +28% | 256 +27% | 273 +26% |
| EBITDA | 4 | 9 | 20 | 12 | 9 +148% | 13 +42% | 13 −33% | 20 +74% |
| Net profit | 2 | 1 | 10 | 3 | 2 −15% | 4 +310% | 4 −57% | 9 +197% |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Performance +4.0% 1Y
1Y: ₹487.2 on 10 Sept 2025 → ₹506.65. High ₹658.55 (14 Aug 2026), low ₹321.1 (30 Mar 2026).
Financials, as filed
Revenue grew 12.6% a year over 3 years, FY23 to FY26. Operating margin narrowed to 5.5%.
| Year ending | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|
| Revenue | ₹601 Cr | ₹590 Cr | ₹659 Cr | ₹859 Cr |
| Operating profit | ₹48 Cr | ₹63 Cr | ₹42 Cr | ₹47 Cr |
| Operating margin | 7.9% | 10.7% | 6.4% | 5.5% |
| Interest | ₹15 Cr | ₹14 Cr | ₹12 Cr | ₹12 Cr |
| Depreciation | ₹15 Cr | ₹16 Cr | ₹17 Cr | ₹17 Cr |
| Net profit | ₹13 Cr | ₹22 Cr | ₹15 Cr | ₹13 Cr |
| Net margin | 2.1% | 3.8% | 2.3% | 1.5% |
| Cash from operations | ₹24 Cr | ₹52 Cr | ₹11 Cr | ₹77 Cr |
| Free cash flow | ₹14 Cr | ₹36 Cr | ₹-9 Cr | ₹32 Cr |
| ROCE | 11.0% | 15.0% | 9.0% | 9.0% |
How to read this
From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.
Balance sheet
| Year ending | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| Equity capital | ₹8 Cr | ₹8 Cr | ₹8 Cr | ₹8 Cr | ₹8 Cr | ₹8 Cr |
| Reserves | ₹125 Cr | ₹128 Cr | ₹160 Cr | ₹211 Cr | ₹228 Cr | ₹238 Cr |
| Borrowings | ₹152 Cr | ₹162 Cr | ₹149 Cr | ₹99 Cr | ₹118 Cr | ₹104 Cr |
| Other liabilities | ₹102 Cr | ₹105 Cr | ₹86 Cr | ₹105 Cr | ₹135 Cr | ₹167 Cr |
| Total liabilities | ₹387 Cr | ₹402 Cr | ₹404 Cr | ₹423 Cr | ₹490 Cr | ₹518 Cr |
| Fixed assets | ₹187 Cr | ₹173 Cr | ₹204 Cr | ₹206 Cr | ₹201 Cr | ₹202 Cr |
| Capital work in progress | ₹20 Cr | ₹48 Cr | ₹7 Cr | ₹7 Cr | ₹29 Cr | ₹40 Cr |
| Investments | ₹0 Cr | ₹0 Cr | ₹5 Cr | ₹5 Cr | ₹0 Cr | ₹6 Cr |
| Other assets | ₹180 Cr | ₹182 Cr | ₹188 Cr | ₹206 Cr | ₹260 Cr | ₹271 Cr |
| Total assets | ₹387 Cr | ₹402 Cr | ₹404 Cr | ₹423 Cr | ₹490 Cr | ₹518 Cr |
How to read this
As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.
Who owns it
As disclosed at Jun 2026
Since Jun 2025, DIIs trimmed −0.80 pp while the public added +0.80 pp. The shareholder count shrank 7% to 35,149.
- Promoters
- 49.8%
- FIIs
- 0.1%
- Government
- 0.0%
- Public
- 50.1%
Since Jun 2025
- DIIs −0.80 pp
- Public +0.80 pp
- Promoters −0.08 pp
How it drifted, 12 quarters
Ownership split by quarter, oldest first. Sep '23: Promoters 49.8%, FIIs 0.0%, Government 0.0%, Public 50.1%.Dec '23: Promoters 49.8%, FIIs 0.0%, DIIs 0.0%, Government 0.0%, Public 50.1%.Mar '24: Promoters 49.8%, FIIs 0.1%, Government 0.0%, Public 50.1%.Jun '24: Promoters 49.8%, FIIs 0.0%, Government 0.0%, Public 50.1%.Sep '24: Promoters 49.9%, FIIs 0.1%, DIIs 1.1%, Government 0.0%, Public 49.0%.Dec '24: Promoters 49.9%, DIIs 0.8%, Government 0.0%, Public 49.3%.Mar '25: Promoters 49.9%, FIIs 0.1%, DIIs 0.8%, Government 0.0%, Public 49.1%.Jun '25: Promoters 49.9%, DIIs 0.8%, Government 0.0%, Public 49.3%.Sep '25: Promoters 49.9%, DIIs 0.8%, Government 0.0%, Public 49.3%.Dec '25: Promoters 49.9%, DIIs 0.3%, Government 0.0%, Public 49.8%.Mar '26: Promoters 49.9%, FIIs 0.1%, Government 0.0%, Public 50.0%.Jun '26: Promoters 49.8%, FIIs 0.1%, Government 0.0%, Public 50.1%.
Who is on the register
Named in the Jun 2026 filing
Every holder of Aarti Surfactants Limited above SEBI's 1% disclosure line, and what changed since Mar 2026.
| Holder | Stake | Change |
|---|---|---|
| Nikhil Holdings Private Limited | 14.85% | unchanged |
| Jaya Chandrakant Gogri | 13.60% | unchanged |
| Rashesh Chandrakant Gogri | 4.53% | unchanged |
| Nikhil Parimal Desai | 3.13% | unchanged |
| Hetal Gogri Gala | 3.09% | unchanged |
| Anushakti Enterprise Private Limited | 2.94% | unchanged |
| Indira Madan Dedhia | 1.70% | unchanged |
| Parimal Hasmukhlal Desai | 1.41% | unchanged |
| Tarla Parimal Desai | 1.32% | unchanged |
| Nishant Pradip Shah | 1.21% | unchanged |
| Mulraj Chandulal Gala | 1.17% | unchanged |
| Pradeep Kumar Sonthalia | 1.11% | unchanged |
A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.
Learn to analyse Aarti Surfactants Limited
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