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Sudarshan Bhandari

India Equity Analyst - Fundamental & Thematic

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<a href="https://www.smartkarma.com/entities/aarti-industries-limited" target="_blank" data-smartkarma-citation="entities:6583:1" rel="noopener">Aarti Industries (ARTO IN)</a>  is planning a huge capex of 2500 Cr, which will increase their PPE by more than 50% from current CWIP and new capex.</li>
<li>Company is targeting 1450 to 1700Cr EBITDA in next year which is almost 1.5x to 2x of the existing EBITDA.</li>
<li>Introducing new products in the value chain, which has high-value added and high margins.</li>
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Aarti Industries (ARTO IN)  is planning a huge capex of 2500 Cr, which will increase their PPE by more than 50% from current CWIP and new capex.
Company is targeting 1450 to 1700Cr EBITDA in next year which is almost 1.5x to 2x of the existing EBITDA.
Introducing new products in the value chain, which has high-value added and high margins.


The Beat Ideas: Aarti Industries Ltd.- Capex, Growth, Value Addition!

External broker reports(aggregated public sources), Axis Direct

Axis Direct

External broker reports(aggregated public sources)

Axis Direct is the flagship brand under Axis Securities Limited, a subsidiary of Axis Bank in India. 

Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only. Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

<ul><li>Aarti Industries Ltd. displayed a resilient performance in FY24 despite the headwinds faced by the overall chemical industry.</li><li>The company’s business was impacted by factors such as reduced demand, economic slowdown in key global markets, inventory destocking, inflation, supply chain disruptions, etc.</li><li>Moreover, geopolitical tensions, such as military conflicts in the Middle East, led to increased freight costs and extended transit times. </li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Aarti Industries Ltd. displayed a resilient performance in FY24 despite the headwinds faced by the overall chemical industry.The company’s business was impacted by factors such as reduced demand, economic slowdown in key global markets, inventory destocking, inflation, supply chain disruptions, etc.Moreover, geopolitical tensions, such as military conflicts in the Middle East, led to increased freight costs and extended transit times. Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Aarti Industries - Adverse Macro Hits FY24 Performance

External broker reports(aggregated public sources), Prabhudas Lilladhar

Prabhudas Lilladhar

Prabhudas Lilladher is one of India's leading research based financial services organisation.

Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only. Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

<ul><li>Prabhudas Lilladher's research report onAarti Industries Agrochemical segment continue to remain under pressure due to demand weakness whereas discretionary segment witnessed sustained volume recovery.</li><li>All the growth initiatives taken by the company are proceeding as planned.</li><li>In the H2FY25, the Nitrotoluene project and its downstream initiatives are slated to begin, followed by the Chlorotoluene project in FY26. </li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Prabhudas Lilladher's research report onAarti Industries Agrochemical segment continue to remain under pressure due to demand weakness whereas discretionary segment witnessed sustained volume recovery.All the growth initiatives taken by the company are proceeding as planned.In the H2FY25, the Nitrotoluene project and its downstream initiatives are slated to begin, followed by the Chlorotoluene project in FY26. Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Aarti Industries (ARTO IN) - Agrochem Continues to Face Weakness

<ul><li>Aarti Industries' Q4FY24 Revenue came in at Rs 1,773 Cr, up 7% YoY and 2% QoQ, which was in line with our estimates.</li><li>EBITDA stood at Rs 283 Cr, up 12% YoY and 9% QoQ, missing our estimates marginally by 4% due to slightly higher operational expenses.</li><li>EBITDA Margin came in at 16%, compared to 15.22% in Q4FY23 and 15% in Q3FY24. </li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Aarti Industries' Q4FY24 Revenue came in at Rs 1,773 Cr, up 7% YoY and 2% QoQ, which was in line with our estimates.EBITDA stood at Rs 283 Cr, up 12% YoY and 9% QoQ, missing our estimates marginally by 4% due to slightly higher operational expenses.EBITDA Margin came in at 16%, compared to 15.22% in Q4FY23 and 15% in Q3FY24. Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Aarti Industries Ltd - Stable Volume Uptake as Discretionary Stabilizes

<ul><li>Aarti Industries' Q3FY24 numbers surprised us on the Revenue and PAT front and missed EBITDA with our expectations.</li><li>Consolidated Revenue beat our estimate by 5% (up 4%/19% YoY/QoQ). EBITDA stood at Rs 260 Cr (up -10%/11% YoY/QoQ), missing our estimates by 13% mainly due to higher COGS and higher employee expenses.</li><li>EBITDA Margin came in at 15% (from 17%/16% in Q3FY23/Q2FY24). The company’s PAT stood at Rs 124Cr, up9%/35% YoY/QoQ, with the overall performance.</li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Aarti Industries' Q3FY24 numbers surprised us on the Revenue and PAT front and missed EBITDA with our expectations.Consolidated Revenue beat our estimate by 5% (up 4%/19% YoY/QoQ). EBITDA stood at Rs 260 Cr (up -10%/11% YoY/QoQ), missing our estimates by 13% mainly due to higher COGS and higher employee expenses.EBITDA Margin came in at 15% (from 17%/16% in Q3FY23/Q2FY24). The company’s PAT stood at Rs 124Cr, up9%/35% YoY/QoQ, with the overall performance.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Aarti Industries Ltd - Revival in Discretionary Segment, Large Order Wins Bolster Confidence

India

Aarti Industries Limited develops and manufactures basic bulk chemicals, dyes and pigment intermediates, pharmaceuticals and agrochemicals, rubber chemicals, surfactant intermediates, and specialty chemicals. The company sells its products in India and elsewhere throughout the world.

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Aarti Industries (ARTO IN)

The Beat Ideas: Aarti Industries Ltd.- Capex, Growth, Value Addition!

The Beat Ideas: Aarti Industries - Aarti Industries plans significant capex to boost EBITDA and expand product offerings with high margins.

Sudarshan Bhandari

Aarti Industries - Adverse Macro Hits FY24 Performance

Aarti Industries Ltd. displayed a resilient performance in FY24 despite the headwinds faced by the overall chemical industry.

Axis Direct