Aries Agro Ltd

Aries Agro Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Aries Agro Ltd

₹ 258 -0.35%
02 Jul - close price
ariesagro.com BSE: 532935 NSE: ARIES
About

Incorporated in 1969, Aries Agro Ltd offers products in the primary, secondary and microfertilizer sector, ranging from individual elements to mixed specialty plant nutrient fertilizers[1]

Key Points

Business Overview:[1][2][3]
AAL is in the business of manufacturing micronutrients and other customized nutritional products for plants and animals. It introduced the chelation technology for manufacturing micronutrients in India and is the market leader in the same. Company offers bio-degradable complexes of plant nutrients, water soluble NPK fertilizers, value added secondary nutrients, natural and biological products and water treatment formulations. Currently, company has 134 brands customized based on crop, and agro climatic requirements, with 21 organically certified products

Website BSE NSE
  • Market Cap ₹ 335 Cr.
  • Current Price ₹ 258
  • High / Low ₹ 343 / 158
  • Stock P/E 18.2
  • Book Value ₹ 200
  • Dividend Yield 0.39 %
  • ROCE 14.8 %
  • ROE 7.31 %
  • Face Value ₹ 10.0
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Pros

  • Company has reduced debt.

Cons

  • Company has a low return on equity of 6.54% over last 3 years.
  • Contingent liabilities of Rs.112 Cr.
  • Dividend payout has been low at 7.37% of profits over last 3 years
  • Company's cost of borrowing seems high

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: Fertilizers Industry: Fertilizers

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
69.21 101.77 126.89 129.59 84.47 115.79 137.77 133.48 92.65 107.37 158.21 147.15 106.79
67.55 86.45 102.70 116.05 86.98 98.43 113.40 118.39 92.89 94.59 128.72 130.11 107.63
Operating Profit 1.66 15.32 24.19 13.54 -2.51 17.36 24.37 15.09 -0.24 12.78 29.49 17.04 -0.84
OPM % 2.40% 15.05% 19.06% 10.45% -2.97% 14.99% 17.69% 11.31% -0.26% 11.90% 18.64% 11.58% -0.79%
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Interest 7.13 5.21 7.28 4.96 7.02 4.85 6.67 6.40 5.45 3.77 9.45 3.81 5.32
Depreciation 1.50 1.18 0.88 1.87 1.86 1.40 1.92 2.00 2.51 1.79 2.11 1.86 1.98
Profit before tax -6.97 8.93 16.03 6.71 -11.39 11.11 15.78 6.69 -8.20 7.22 17.93 11.37 -8.14
Tax % 33.43% 34.15% 31.38% 39.05% 29.50% 30.96% 16.98% 27.65% -17.93% 36.15% 31.01% 32.28% 22.97%
-4.92 5.37 10.76 2.67 -7.19 6.38 14.39 4.83 -9.67 4.62 12.37 7.69 -6.28
EPS in Rs -3.45 4.48 8.58 2.61 -5.44 5.39 11.05 3.94 -7.21 3.65 9.60 6.01 -4.32
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
238 279 278 263 253 291 265 296 381 432 472 519
187 221 223 216 210 245 222 254 325 386 424 461
Operating Profit 51 58 55 46 42 46 44 42 57 47 48 58
OPM % 21% 21% 20% 18% 17% 16% 16% 14% 15% 11% 10% 11%
2 1 1 1 -0 2 3 5 0 4 9 0
Interest 24 25 24 25 23 29 29 26 26 24 23 22
Depreciation 8 9 10 11 7 2 2 5 6 6 8 8
Profit before tax 20 25 22 12 12 17 16 16 25 20 25 28
Tax % 21% 26% 13% 33% 54% 46% 50% 46% 30% 36% 37% 35%
16 19 19 8 5 9 8 8 16 12 16 18
EPS in Rs 10.75 12.50 12.96 5.56 5.43 8.06 7.60 7.49 13.81 10.22 13.17 14.94
Dividend Payout % 14% 16% 15% 27% 37% 29% 24% 7% 6% 8% 8% 7%
Compounded Sales Growth
10 Years: 6%
5 Years: 14%
3 Years: 11%
TTM: 10%
Compounded Profit Growth
10 Years: 1%
5 Years: 19%
3 Years: 4%
TTM: 15%
Stock Price CAGR
10 Years: 10%
5 Years: 33%
3 Years: 26%
1 Year: 56%
Return on Equity
10 Years: 6%
5 Years: 7%
3 Years: 7%
Last Year: 7%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 13 13 13 13 13 13 13 13 13 13 13 13
Reserves 146 164 165 159 162 170 176 181 198 211 230 247
190 178 167 167 137 171 172 150 143 112 100 74
80 93 99 109 137 123 133 143 148 173 177 184
Total Liabilities 429 448 444 448 450 477 494 487 501 509 520 518
101 100 87 87 71 88 95 48 55 68 75 96
CWIP 14 11 9 16 22 14 15 12 13 0 0 2
Investments 2 2 2 2 0 0 0 59 57 57 62 63
313 335 345 342 357 376 384 368 376 384 382 357
Total Assets 429 448 444 448 450 477 494 487 501 509 520 518

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
0 31 38 34 48 14 44 59 56 69 54 77
0 2 -11 -25 13 -2 -10 -41 -14 -13 -16 -26
0 -41 -31 -9 -59 -12 -36 -21 -43 -56 -37 -50
Net Cash Flow 0 -8 -4 -0 2 0 -2 -4 -0 0 1 1

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 155 173 172 164 206 228 256 143 118 100 91 80
Inventory Days 444 387 394 412 518 363 478 466 271 234 210 177
Days Payable 115 117 110 84 128 165 207 197 101 111 90 66
Cash Conversion Cycle 483 443 457 493 596 426 526 412 288 224 212 190
Working Capital Days 360 334 356 374 362 338 368 291 230 187 167 129
ROCE % 13% 14% 12% 10% 10% 12% 12% 12% 14% 13% 14%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
52.66% 52.66% 52.66% 52.66% 52.66% 52.66% 52.66% 52.66% 52.66% 52.66% 52.66% 52.66%
0.00% 0.03% 0.24% 0.20% 0.34% 0.48% 0.56% 1.94% 1.78% 2.10% 2.38% 3.29%
0.00% 0.01% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
47.34% 47.31% 47.11% 47.14% 47.00% 46.86% 46.78% 45.40% 45.56% 45.23% 44.96% 44.04%
No. of Shareholders 16,38418,42418,12119,19719,10118,31418,85118,54017,88717,89916,71519,518

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

Documents

Announcements

Annual reports

DRHP

Credit ratings

Concalls

  • Nov 2019
    Transcript
    Notes
    PPT
  • Nov 2019
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    Notes
    PPT
  • Aug 2019
    Transcript
    Notes
    PPT
  • Mar 2019
    Transcript
    Notes
    PPT
  • Dec 2018
    Transcript
    Notes
    PPT