Aries Agro Q1 FY26 Share Price & Earnings Call Analysis
- Market cap
- ₹571 Cr
- P/E
- 11.98
- ROE
- 12.69%
- PEG
- 0.36
- Price to sales
- 0.73
- Debt to equity
- 0.17
- 52W high / low
- ₹504 / ₹290
- Sales growth (5Y)
- 14.17%
- EBITDA margin
- 12.08%
- Net profit margin
- 5.28%
- Promoter holding
- 52.66%
- Sales (last year)
- ₹779 Cr
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]
Guidance scorecard · Q1 FY26 call
What Aries Agro Ltd's management guided
and where it ranks in Fertilizers & Agrochemicals
Fertilizers & Agrochemicals
RevenueQ1 FY26 call
10–20%- Annual bookings for FY 2025-26 have already reached Rs. 830.44 crores from 1,717 dealers across 26 states.
- Targeting gross revenue of Rs. 950 crores for FY 2025-26.
- Prepared for erratic demand due to unpredictable monsoon patterns with automation, enhanced warehousing, and better inventory controls.
- GST 2.0 reforms, including reduced GST rates on micronutrients, are expected to boost demand for Aries Agro’s flagship micronutrients portfolio.
2 more points from Aries Agro Ltd's call on revenue
Create a free account to keep reading this call
MarginsQ1 FY26 call
FlatSee what Aries Agro Ltd said on margins — free account, 30 seconds.
CapexQ1 FY26 call
Planned- Signed a contract for a new Sulphur Bentonite facility in Jebel Ali, UAE.
- Broke ground on a new manufacturing plant in Lucknow, India.
- Expanded office facilities in Vijayawada.
- Focus on automation, enhanced warehousing, and improved inventory controls to manage erratic demand patterns.
2 more points from Aries Agro Ltd's call on capex
Create a free account to keep reading this call
FundraisingQ1 FY26 call
See what Aries Agro Ltd said on fundraising — free account, 30 seconds.
Order bookQ1 FY26 call
Rising- Annual bookings for FY 2025-26 have reached Rs. 830.44 crores.
- These bookings are from 1,717 dealers across 26 states.
- The company is targeting Rs. 950 crores in gross revenue for FY 2025-26.
- Addressing demand volatility due to erratic monsoon by enhancing automation, warehousing, and inventory controls.
Ranges are what management guided for revenue growth and margins on the latest earnings call. Not investment advice, and not a forecast of returns.
Potential multibaggers · Q2 FY27
Potential multibaggers in Fertilizers & Agrochemicals
on management's own guidance
- Dharmaj CropGood growth2
- Anya Polytech &Good growth1
- M B Agro Prod.Good growth3
Portfolio builder
Build your portfolio
from the top-ranked stocks
- 1. Pick 3–15 stocks
- 2. Choose large, mid or small cap and your sectors
- 3. Get a portfolio built from the rankings
Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.
Peers
Fertilizers & Agrochemicals companies ranked on guidance
| # | Company | Revenue guided | Margin guided | Market cap | P/E |
|---|---|---|---|---|---|
| 1 | Anya Polytech & | 20–40% | Up 2%+ | ₹209 Cr | 25.1 |
| 2 | Dharmaj Crop | 20–40% | Up 0–2% | ₹882 Cr | 14.7 |
| 3 | M B Agro Prod. | 20–40% | Flat | ₹7,668 Cr | 49.5 |
| 4 | 20–40% | Flat | ₹6,453 Cr | 32.8 | |
| 5 | 10–20% | Up 2%+ | ₹1,226 Cr | 18.3 | |
| 6 | 10–20% | Flat | ₹51,882 Cr | 27.8 |
Sign up free to see every company in the sector ranking and track Aries Agro Ltd.
Pro shows every company guiding 40%+ revenue growth →Full Fertilizers & Agrochemicals rankingFinancials of Aries Agro Ltd
Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.
Financials of Aries Agro Ltd
Quarterly Results
Quarter-by-quarter operating performance
| Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 133 | 93 | 107 | 158 | 147 | 107 | 135 | 194 | 170 | 128 | 161 | 204 | 202 |
| Expenses + | 118 | 93 | 95 | 129 | 130 | 108 | 120 | 159 | 149 | 127 | 139 | 166 | 174 |
| Operating Profit | 15 | -0 | 13 | 29 | 17 | -1 | 15 | 34 | 22 | 1 | 22 | 38 | 29 |
| OPM % | 11% | -0% | 12% | 19% | 12% | -1% | 11% | 18% | 13% | 1% | 14% | 19% | 14% |
| Other Income + | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest | 6 | 5 | 4 | 9 | 4 | 5 | 3 | 8 | 5 | 3 | 5 | 8 | 2 |
| Depreciation | 2 | 3 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 3 | 2 | 3 | 3 |
| Profit before tax | 7 | -8 | 7 | 18 | 11 | -8 | 11 | 24 | 15 | -5 | 14 | 28 | 24 |
| Tax % | 28% | 18% | 36% | 31% | 32% | -23% | 32% | 22% | 22% | -20% | 31% | 29% | 27% |
| Net Profit + | 5 | -10 | 5 | 12 | 8 | -6 | 7 | 19 | 11 | -4 | 10 | 20 | 17 |
| EPS in Rs | 3.94 | -7.21 | 3.65 | 9.60 | 6.01 | -4.32 | 5.59 | 14.51 | 8.90 | -2.84 | 7.71 | 15.39 | 13.26 |
Financials of Aries Agro Ltd
Profit & Loss
Annual income statement trend
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 279 | 278 | 263 | 253 | 291 | 265 | 296 | 381 | 432 | 472 | 516 | 622 | 696 |
| Expenses + | 221 | 223 | 216 | 210 | 245 | 222 | 254 | 325 | 386 | 424 | 461 | 554 | 606 |
| Operating Profit | 58 | 55 | 46 | 42 | 46 | 44 | 42 | 57 | 47 | 48 | 55 | 68 | 90 |
| OPM % | 21% | 20% | 18% | 17% | 16% | 16% | 14% | 15% | 11% | 10% | 11% | 11% | 13% |
| Other Income + | 1 | 1 | 1 | -0 | 2 | 3 | 5 | 0 | 4 | 9 | 3 | 5 | 0 |
| Interest | 25 | 24 | 25 | 23 | 29 | 29 | 26 | 26 | 24 | 23 | 22 | 19 | 17 |
| Depreciation | 9 | 10 | 11 | 7 | 2 | 2 | 5 | 6 | 6 | 8 | 8 | 9 | 11 |
| Profit before tax | 25 | 22 | 12 | 12 | 17 | 16 | 16 | 25 | 20 | 25 | 28 | 44 | 62 |
| Tax % | 26% | 13% | 33% | 54% | 46% | 50% | 46% | 30% | 36% | 37% | 35% | 25% | |
| Net Profit + | 19 | 19 | 8 | 5 | 9 | 8 | 8 | 16 | 12 | 16 | 18 | 33 | 43 |
| EPS in Rs | 12.50 | 12.96 | 5.56 | 5.43 | 8.06 | 7.60 | 7.49 | 13.81 | 10.22 | 13.17 | 14.94 | 26.16 | 33.52 |
| Dividend Payout % | 16% | 15% | 27% | 37% | 29% | 24% | 7% | 6% | 8% | 8% | 7% | 5% |
Financials of Aries Agro Ltd
Balance Sheet
Capital structure and asset base
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 13 | 13 | 13 | 13 | 13 | 13 | 13 | 13 | 13 | 13 | 13 | 13 | 13 |
| Reserves | 164 | 165 | 159 | 162 | 170 | 176 | 181 | 198 | 211 | 230 | 247 | 277 | 307 |
| Borrowings + | 178 | 167 | 167 | 137 | 171 | 172 | 150 | 143 | 112 | 100 | 74 | 49 | 67 |
| Other Liabilities + | 93 | 99 | 109 | 137 | 123 | 133 | 143 | 148 | 173 | 177 | 184 | 243 | 272 |
| Total Liabilities | 448 | 444 | 448 | 450 | 477 | 494 | 487 | 501 | 509 | 520 | 518 | 581 | 658 |
| Fixed Assets + | 100 | 87 | 87 | 71 | 88 | 95 | 48 | 55 | 68 | 75 | 96 | 110 | 114 |
| CWIP | 11 | 9 | 16 | 22 | 14 | 15 | 12 | 13 | 0 | 0 | 2 | 10 | 21 |
| Investments | 2 | 2 | 2 | 0 | 0 | 0 | 59 | 57 | 57 | 62 | 63 | 67 | 106 |
| Other Assets + | 335 | 345 | 342 | 357 | 376 | 384 | 368 | 376 | 384 | 382 | 357 | 395 | 417 |
| Total Assets | 448 | 444 | 448 | 450 | 477 | 494 | 487 | 501 | 509 | 520 | 518 | 581 | 658 |
Financials of Aries Agro Ltd
Cash Flows
Operating, investing and financing cash movement
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity + | 31 | 38 | 34 | 48 | 14 | 44 | 59 | 56 | 69 | 54 | 77 | 105 |
| Cash from Investing Activity + | 2 | -11 | -25 | 13 | -2 | -10 | -41 | -14 | -13 | -16 | -26 | -34 |
| Cash from Financing Activity + | -41 | -31 | -9 | -59 | -12 | -36 | -21 | -43 | -56 | -37 | -50 | -45 |
| Net Cash Flow | -8 | -4 | -0 | 2 | 0 | -2 | -4 | -0 | 0 | 1 | 1 | 26 |
| Free Cash Flow | 32 | 32 | 20 | 47 | 4 | 36 | 46 | 42 | 63 | 39 | 46 | 74 |
| CFO/OP | 65% | 80% | 81% | 128% | 46% | 120% | 155% | 111% | 162% | 126% | 155% | 170% |
Financials of Aries Agro Ltd
Ratios
Working capital efficiency and return ratios
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 173 | 172 | 164 | 206 | 228 | 256 | 143 | 118 | 100 | 91 | 80 | 69 |
| Inventory Days | 387 | 394 | 412 | 518 | 363 | 478 | 466 | 271 | 234 | 210 | 177 | 150 |
| Days Payable | 117 | 110 | 84 | 128 | 165 | 207 | 197 | 101 | 111 | 90 | 66 | 60 |
| Cash Conversion Cycle | 443 | 457 | 493 | 596 | 426 | 526 | 412 | 288 | 224 | 212 | 191 | 159 |
| Working Capital Days | 139 | 164 | 162 | 186 | 150 | 156 | 130 | 108 | 109 | 108 | 97 | 74 |
| ROCE % | 14% | 12% | 10% | 10% | 12% | 12% | 12% | 14% | 13% | 14% | 15% | 18% |
Momentum score · price trend
75 out of 100 — Strengthening
Over the past year its share price has done better than most of the stocks we track.
| Period | Share price change | Better than … of 1,910 stocks |
|---|---|---|
| Last 12 months | +9.9% | 68% |
| Last 6 months | +18.4% | 73% |
| Last 3 months | +30.0% | 91% |
How we calculate it
“Better than 30%” means that over that period the share price did better than 30 out of every 100 stocks we track (1,910 Indian companies worth ₹500 Cr or more, with at least a year of prices).
The score weighs the longer periods more: 40% × 12-month + 40% × 6-month + 20% × 3-month. For Aries Agro Ltd: 0.4 × 68 + 0.4 × 73 + 0.2 × 91 = 75.
Strengthening is 70 and above, Steady 40 to 70, Cooling below 40. Scores are recalculated every night after the market closes.
Full methodology →This describes only how the share price has moved up to 29 Oct 2026, compared with other stocks. It says nothing about the business, and it is not a prediction, a price target or a recommendation to buy or sell.
Continue your research
What Aries Agro Ltd's management said in earlier quarters
Others in Fertilizers & Agrochemicals this season
- Dhanuka Agritech Ltd (Q2 FY27)
657.51 Crores . Key investor presentation takeaways from Dhanuka Agritech Ltd's Q2 FY27 investor presentation — and how it ranks against sector peers.
- Sharda Cropchem Ltd (Q2 FY27)
1,051.7 Cr, up 13% YoY (Q2 FY26: Rs. Key investor presentation takeaways from Sharda Cropchem Ltd's Q2 FY27 investor presentation — and how it ranks against sec
- Paradeep Phosphates Ltd (Q2 FY27)
Revenue from operations for the quarter ended 30 September 2026: Rs 7,164.06 crores . Key results statement takeaways from Paradeep Phosphates Ltd's Q2 FY27 ear
- Astec Lifescienc (Q2 FY27)
2.3% YoY decline. Key results statement takeaways from Astec Lifescienc's Q2 FY27 results statement — and how it ranks against sector peers.