Aarti Surfactants Limited, together with its subsidiary, produces and supplies ionic and non-ionic, and specialty surfactants for the home and personal care, agro and oil, and industrial applications in India and internationally. It was formed as a result of the demerger of the home and personal care division of Aarti Industries Limited. ASL is a producer of ionic and non-ionic surfactants and specialty products, serving Home & Personal Care, Industrial Applications, Agro and Oil industries. Incorporated in 2018, Aarti Surfactants Ltd is in the business of Home and personal care ingredients and operates as part of the larger Aarti group ecosystem.
The company's extensive product portfolio encompasses a wide range of specialty chemicals and surfactants. The company's products portfolio includes surfactants, mild surfactants, rheology modifiers, pearlizing agents, UV filters, preservatives, syndet and soap bases, and active ingredients, as well as conditioning agents, blends, proteins, and quats. It serves skin care, oral, hair, cosmetics, bath and shower, sun care, fabric/laundry care, dishwashing, toilet care, and surface care segments.
The company's financial performance shows a mixed picture with strong revenue growth but recent challenges in maintaining consistent profitability. For the full financial year 2025 (ending March 2025), the company reported revenue of ₹659.09 crore, an increase of 11.73% over FY24. However, consolidated net profit for FY25 fell 31.80% to ₹14.54 crore. In the recent Q4 FY25, net profit surged by 109.03% to ₹9.72 crore, with revenue from operations rising 27.43% year-on-year to ₹202.05 crore. Profit before tax also saw a significant increase of 94.53% in Q4 FY25.
The market capitalization of Aarti Surfactants Ltd (AARTISURF) stands at ₹507.40 Cr as of July 17, 2025. The company is classified as a small-cap stock in the specialty chemicals sector. The P/E ratio is 34.90 and the P/B ratio is 2.12. The stock has experienced significant volatility, with a 52-week high of ₹918 and a low of ₹145. Over the last month, it has moved up by 37.09%, and over the last 3 months by 25.13%, while it has seen a decline of 10.71% over the last 12 months.
- Revenue (FY25): ₹659.09 crore
- Net Profit (FY25): ₹14.54 crore
- Q4 FY25 Revenue: ₹202.05 crore
- Q4 FY25 Net Profit: ₹9.72 crore
- Dividend Recommendation: ₹1 per equity share for the financial year ended 31st March 2025 (subject to shareholder approval)
- Market Capitalization: ₹507.40 crore (as of July 17, 2025)
- Promoter Holding: 49.92% (as of Mar 2025)
The Company operates two state-of-the-art manufacturing facilities located at Pithampur in Madhya Pradesh and Silvassa in the Union Territory of Dadra and Nagar Haveli. These facilities are equipped to serve both domestic and international markets with its comprehensive range of surfactant and specialty chemical products. The company has received certification and accreditation from ISO 9001:2008.
Aarti Surfactants' product portfolio is extensive, encompassing a wide array of specialty chemicals and surfactants. Key product categories include surfactants, mild surfactants, rheology modifiers, pearlizing agents, UV filters, preservatives, syndet and soap bases, and active ingredients. Additionally, it offers conditioning agents, blends, proteins, and quats. The company strategically caters to diverse market segments such as skin care, oral care, hair care, cosmetics, bath and shower products, sun care, fabric/laundry care, dishwashing, toilet care, and surface care. This diversified approach allows them to serve multiple end-use industries, including personal care, industrial applications, and agricultural sectors.
Promoter holding in Aarti Surfactants Ltd has shown an increase to 49.92% as of March 2025, up from 49.81% as of June 2024, indicating a stable promoter base with a significant ownership concentration. In terms of corporate governance, key management personnel include Mulesh Manilal Savla as Chairman and Priyanka Alok Chuarasia as Company Secretary.
The company has demonstrated strong revenue growth over the long term. Over the last 5 years, revenue has grown at a yearly rate of 15.38%, outpacing the industry average of 10.94%. Similarly, net income has grown at an impressive yearly rate of 47.68% over the last 5 years, significantly higher than the industry average of 7.7%, showcasing superior performance compared to its peers.
However, recent performance has been mixed, with challenges in maintaining consistent profitability. While the company has delivered good profit growth of 40.9% CAGR over the last 5 years, it has shown a low return on equity of 8.00% over the last 3 years. The company operates within the specialty chemicals sector, a segment of the broader materials industry, and continues to focus on expanding its presence in both domestic and international markets.
