Aarti Industries Share Price

Founded in 1984 Aarti Industries Ltd, a chemical firm, is a Mumbai based specialty chemicals company which has undergone a gradual improvement in its operations. The improvement has been reflected in the quality of its assets and in double-digit growth in its core business areas, and rising digital-fee income underpinning the resilience of the Aarti Industries Ltd share price. The stock price of Aarti Industries reflects the sector’s overall sentiment and movements in global commodity prices. Aarti’s balance sheet is robust and the support of its promoters adds to the stability of the stock.

Aarti Industries’ consistent profitability and efforts to recover have led to a decrease in the company’s risk profile. This trend is reflected in the share price of the company and its current stock market value. The growth of new joint ventures and upgrading operations have significantly increased the company’s earnings, thereby providing a strong foundation for Aarti Industries Ltd’s future share price. For a quick check, refresh your trading app for an Aarti Industries live stock quote. With its turnaround largely priced in but capacity-cycle tailwinds still intact, the Aarti Industries latest price remains a barometer of specialty-chemical re-rating potential for FY 2025.

Aarti Industries Ltd. Company Fundamentals 

1. Company Background

Aarti Industries Limited is a specialty chemicals company, founded on integrated chemistry capabilities, ethical operations, and solid customer relationships. From operating as a single unit in Gujarat, the company has grown to become a global partner for clients in over 60 countries. With a broad range of more than 100 products utilized in agrochemicals, pharmaceuticals, polymers, dyes, pigments, and advanced intermediates, Aarti Industries specializes in the value chains of benzene and toluene. Reliability, value chain optimization, and customized innovation are made possible by its strategy, which blends operational excellence, deep R&D capabilities, and backward integration. The company prioritizes sustainable chemistry, circularity, waste-to-value initiatives, and energy-efficient operations through its numerous manufacturing facilities and specialized R&D centers. ,.

2. Company Product Lines

• Basic Chemicals

1. • Sub-products manufactured: Agri-products, polymers, additives, pigments, and dyes.

• • End-use applications: Medicines, home paints, supercar coatings, shampoo, agricultural tools, and aviation components.
• Agrochemicals
• • Sub-products manufactured: Agri-products, polymers, additives, pigments, and dyes.

• • End-use applications: Farmer’s toolkits, medicines, household paints, personal care products (shampoo), and aeroplanes.
• Speciality Chemicals and Intermediates
• • Sub-products manufactured: Agri-products, polymers, additives, pigments, and dyes.

• • End-use applications: Iconic red supercar pigments, interior home paints, health-maintaining medicines, personal hygiene products, and aerospace materials.

3. Company Revenue Model

• Speciality Chemicals–Led Revenue Core
• • Aarti Industries’ revenue is primarily driven by speciality chemicals, which contribute over 70 percent of total business, as stated in the Business Overview section

• • Integrated-Annual-Report-2024-25

• • These revenues arise from transforming core feedstocks such as benzene, toluene, nitric acid, chlorine, sulphur, methanol, and aniline into application-specific, high-value products.
• Integrated Value Chain Monetisation
  • Revenue generation is structured around fully backward-integrated value chains, especially:

• • Benzene value chain

• • Toluene value chain

• • Sulphuric acid value chain

This integration allows Aarti Industries to monetise multiple stages of the same molecule, optimise co-products, and maintain high asset utilisation across cycles, as detailed in the Integrated Value Chains section

• Long-Term Contracts, CDMO, and JV Revenue

A meaningful and growing share of revenue is generated through:

• • Multi-year long-term contracts with global customers

• • CDMO and custom manufacturing arrangements

• • Strategic joint ventures, including:

• • 50:50 JV with UPL for speciality chemical intermediates

• • Circular chemistry JV for plastic recycling and advanced materials

These arrangements provide revenue visibility, pricing stability, and repeat volumes, as outlined under Strategic Partnerships

• End-Use Industry Diversification

Revenue is diversified across multiple end-use industries, reducing dependence on any single sector:

• • Agrochemicals

• • Pharmaceuticals

• • Polymers and additives

• • Dyes and pigments

• • Energy and fuel additives

• • FMCG and home and personal care
• Export-Oriented Revenue Structure

Aarti Industries follows a globally diversified revenue model, exporting to 60+ countries, with overseas markets contributing to a significant portion of revenue.

The company positions itself as a China-plus-one alternative in complex chemistries, strengthening export-led earnings, as stated in the Global Positioning and Customer sections

• Volume and Process-Led Revenue Expansion

Revenue growth is supported by:

• • Volume-led recovery in core products such as NCB, Nitro Toluene, and ethylation-based chemistries

• • Capacity expansions and debottlenecking

• • Commercialization of new chemistries developed through in-house R&D

This links revenue expansion directly to process innovation and scale-up capability, rather than commodity pricing alone

4. Geographical Presence

Manufacturing Locations in India

Aarti Industries’ manufacturing footprint is concentrated across Gujarat and Maharashtra, organised into multiple operating zones.

Gujarat

• Vapi

• • Divisions: Acid (including DMS and Fertiliser), Amine, Alchemie, Organic, Nascent

• • Pilot Plant: Apple

• Jhagadia

• • Divisions: Pearl, Ruby, Jade, Gold

• • R&D facilities including Zone IV

• Dahej

• • Divisions: Neo, Diamond, Saffron

• Kutch (Bhachau)

• • Division: Anushakti

• Tarapur

• • Division: Topaz

Maharashtra: Manufacturing presence linked to Tarapur operations and supporting infrastructure

Research and Development Locations

• Aarti Industries operates two dedicated R&D centres, supporting process innovation and new chemistry development .
• Navi Mumbai, Maharashtra
• Aarti Research & Technology Centre
• Vapi, Gujarat
• R&D Centre supporting manufacturing units

Corporate and Administrative Offices

• Registered Office
  • Vapi, Gujarat
• Corporate / Head Office
  • Mumbai, Maharashtra
• Engineering and Project Offices
  • Vadodara, Gujarat

Export and Market Presence

While manufacturing is India-based, Aarti Industries has a global revenue footprint, exporting products to over 60 countries across multiple regions

• Key export regions

• • India (domestic market)

• • Rest of Asia

• • Middle East

• • Europe

• • North America

• • Rest of the World

Customer Reach

• • Over 700 customers in India

• • Over 400 international customers

• • Presence across agrochemicals, pharmaceuticals, polymers, dyes and pigments, energy, and FMCG supply chains.

5. Leadership

The following list represents the leadership team of Aarti Industries Limited as on January 2026.

Board of Directors 

• Rajendra V. Gogri, Chairman and Managing Director
• Rashesh C. Gogri, Vice Chairman and Managing Director
• Renil R. Gogri, Vice Chairman
• Suyog Kotecha, CEO and Executive Director
• Manoj M. Chheda, Executive Director
• Hetal Gogri Gala, Non-Executive Director
• Ajay Kumar Gupta, Executive Director

Independent Directors 

• Lalitkumar Naik, Independent Director
• Aniruddha B. Pandit, Independent Director
• Shekhar Khanolkar, Independent Director
• Ashok Kumar Barat, Independent Director
• Belur Krishnamurthy Sethuram, Independent Director
• Nikhil J. Bhatia, Independent Director
• Rupa Devi Singh, Independent Director

Awards

• Chemexcil Lifetime Achievement Award for Shri Chandrakant Gogri
• ET HREX Award for employee experience
• Chemexcil Trishul Award for export excellence
• Corporate Excellence Award for industry leadership
• ISCM Supply Chain Champion Award

6. Key Milestones

• 1984: Incorporated on September 28 as Aarti Organics Limited, promoted by Chandrakant V. Gogri and Associates.
• 1986: Commenced commercial operations with a 1,200 TPA Nitro Chloro Benzene (NCB) plant at Sarigam, Gujarat.
• 1990: Expanded PNCB/ONCB capacity from 1,200 TPA to 4,500 TPA.
• 1992: Listed on the Bombay Stock Exchange.
• 1994–1995: Further expansion of organics division in multiple phases; company renamed to Aarti Industries Limited in 1995.
• 1998–1999: Increased PNCB/ONCB installed capacity from 15,000 TPA to 22,000 TPA.
• 2000: Further expanded PNCB/ONCB capacity to 30,000 TPA.
• 2001: Commissioned a new manufacturing unit at Bharuch; established R&D centres at Turbhe and Vapi.
• 2002: Amalgamation of Alchemie Organics Limited effective April 1, 2002.
• 2003: Set up Single Super Phosphate plant at Vapi; Sarigam and Vapi units received ISO 9002 certification.
• 2004: Began sulphuric acid production at Vapi and commissioned a 6 MW captive power plant.
• 2006: Expanded NCB capacity to 60,000 MT and sulphuric acid capacity to 200,000 MT; established a speciality chemical unit in Kutch.
• 2007: Initiated toll manufacturing for speciality chemical applications.
• 2008: Amalgamation of Surfactant Specialities Limited and Avinash Drugs Limited effective April 1, 2008.
• 2009: Commercialised indigenously developed Nitro Toluene facilities; received US FDA approvals for Tarapur and Vapi API units.
• 2011: Upgraded hydrogenation unit from batch to continuous process; commenced bulk exports; received US FDA approval for custom synthesis division at Vapi.
• 2013: Commissioned expanded pigment intermediate capacity; total income crossed ₹2,000 crore.
• 2014: Expanded API manufacturing lines at Tarapur US FDA unit from four to nine.
• 2015: Expanded NCB capacity to 75,000 TPA; merged Alchemie Leasing and Financing Private Limited and Gogri and Sons Investments Private Limited.
• 2016: Expanded PDA capacity to 1,000 TPM; commissioned Ethylation Unit at Dahej SEZ using pipeline-fed ethylene; commercialised calcium chloride unit at Jhagadia.
• 2017: Approved ₹75 crore investment for world-class R&D and innovation complex; incorporated Aarti Polychem Private Limited; signed a ₹4,000 crore multi-year agrochemical supply contract.
• 2018: Entered two long-term global contracts including a 20-year speciality chemical supply agreement; approved demerger of Home and Personal Care segment into Aarti Surfactants Limited.
• 2019: Completed QIP fund raise; NCLT approved demerger and merger of Nascent Chemical Industries manufacturing undertaking.
• 2020: Operationalised Aarti Research and Technology Centre (ARTC) at Navi Mumbai; commissioned second speciality chemicals R&D facility.
• 2021: Commercialised Phase II Dahej SEZ unit for agrochemical intermediates; expanded chlorination capacity at Jhagadia to 175,000 TPA.
• 2022: Demerged pharmaceutical business into Aarti PharmaLabs Limited with effect from July 1, 2021.
• 2023: Commercialised speciality chlorination units at Jhagadia; incorporated Augene Chemical Private Limited.
• 2024: Expanded NCB capacity to 108 KTPA; completed Phase I of Acid Unit revamp at Vapi.
• 2025: Commissioned state-of-the-art ETP at Jhagadia; expanded ethylation capacity at Dahej SEZ to 30 KTPA; formed a 50:50 joint venture with UPL for chemical

7. Industry Perspective

Aarti Industries is a business operating in the speciality chemical field. The specialty chemical sector differs structurally from the commodity chemicals segment. This area is identified by a higher process complexity and products being designed for specific applications. Furthermore, it is characterised by a close integration with the customer. The company generates the majority of its revenue from the manufacture of specialty chemicals. In this area the business model is founded on the basis of the company’s in-depth knowledge of chemical compounds, plus their ability to comply with the relevant regulatory legislation and their consistency in business practices.

As multinational customers embark on the task of reducing concentration risk, the industry is witnessing structural diversification in global speciality chemicals supply chains. India has become the leading production location because of its skill in engineering, a scalable infrastructure and regulatory support. In the current business environment Aarti Industries acts as a long term supplier of complex chemicals. This is in line with industry trends which give priority to a lasting relationship with suppliers over a more short-term approach to procurement.

The demand for speciality chemicals varies significantly from one end-use industry to another and from one region to another. Various industries which are downstream from catalysts include polymers and dyes and pigments, agrochemicals, pharmaceuticals, energy-related applications and additives as well as FMCG. In order to manage cyclical fluctuations, the industry’s profile necessitates portfolio diversification across a variety of applications and chemistries.

Aarti Industries Ltd. Stock Market Presence: Listings & Index Representation

The company, Aarti Industries Ltd, is a major, publicly-traded enterprise in the Indian stock market, this giving it the size and standing of a prominent business in the area of speciality chemicals. The company’s long term investment and its continued presence in the market has led to a lot of interest from a variety of investors. These include long-term investors and institutional investors.

Aarti Industries has a steady trading volume. In part its stability is attributable to its listing on both the Bombay and National stock exchanges as well as its membership of major stock exchange indexes. The NSE ticker of Aarti Industries is AARTIIND and the corresponding BSE scrip is 524208.

As the company has grown it has adapted its index constituents to reflect changes in the speciality chemicals market, including variations in scale, liquidity and sector relevance. Aarti Industries tends to be evaluated by market participants with consideration of its long-term growth drivers, earnings clarity and the degree to which its various operations are integrated. The valuation of the company revolves round comparisons with peer companies which operate within the chemicals sector, as well as the sustainability of the earnings it generates through both its main business operations and external contracts..

Aarti Industries Ltd. share price real time update are used by investors to understand recent trend shifts, volatility, and the behaviour of the company’s share over the past year. The company’s capitalisation in the stock market indicates its size and strength, thereby reinforcing its standing among listed entities. Technical analysts generally use the real time graph of Aarti Industries Ltd. share price to retrieve graphical insights into price movement. Analysts and investors often ask queries such as “How is the performance of Aarti Industries Ltd. share price on NSE?” when evaluating its market position. Delivery data and Aarti Industries Ltd. share volume further provide insights into liquidity and trading activity..

Aarti Industries Ltd. Stock Performance And Share Price History

Over recent market cycles Aarti Industries’s share price has passed through a phase of stabilisation after a period of expansion. For the 12 months to the end of its FY 2025, the Aarti Industries market price was less than it had been one year previously, leading to a less robust one year return.

During the period between the fiscal year 2022 and the fiscal year 2025, the share’s value remained below its initial price, showing that the company’s stock had not regained its previous value throughout these three years. Over the five years between 2020 and 2025 the trend is that the share price at the end of this period was down on the opening price, a reflection on the weak long-term growth pattern.

The company’s stock price performance over these periods suggests that although Aarti Industries’ stock has been actively traded, there has been no long-term increase in its price. Instead, it experienced fluctuations over short, medium and long periods with the price generally staying within certain limits..

Aarti Industries Ltd. Investor Relevance And Role In Portfolio

Aarti Industries Limited is owned by various institutions and individuals in their investment portfolios. Institutional investors and investment firms keep a close eye on the buying and selling of shares in Aarti Industries Ltd. in order to adjust their investments accordingly. Derivative and market trends for Aarti Industries Ltd can be observed from its F&O data. Aarti Industries’ daily Relative Strength Index (RSI), Moving Average Convergence Divergence (MACD) and Money Flow Index (MFI) are studied for technical analysis. Aarti Industries has a beta of 0.95 which shows the company’s stock prices are affected by the market.

As this allows the investor to compare the company’s beta with other investments which have a beta of one, investors can compare their investments in the company with other investments. Investors who are keen on acquiring shares in a relatively stable stock have been known to focus on the defensive qualities highlighted by analysts when recommending Aarti Industries Ltd. for either purchase or sale. Investors in Aarti Industries Ltd. should consider various points.

Aarti Industries Ltd. Sectoral Relevance And Peer Positioning

Aarti Industries occupies a position in the speciality chemical industry, a sector, currently experiencing growth that is much faster than the Indian chemical industry overall. The speciality chemical sector is a diversified one and is very application-focused. The company’s business has operations in a range of downstream industries such as agrochemicals, energy related products, pharmaceuticals, polymers and additives and dyes and pigments. This connection between manufacturing chemistry and a variety of consumer and industrial markets is shown in these instances.

The company competes with other manufacturers in the chemicals, petrochemicals and the Indian speciality sectors. Companies operating in similar industries include SRF Ltd., the manufacturer of industrial and personal care products, as well as chemical intermediates, Pidilite Industries Ltd., and the industrial gases and equipment manufacturer Linde India Ltd. Additionally, there are Gujarat Fluorochemicals Ltd., Godrej Industries Ltd., Navin Fluorine International Ltd., and Himadri Speciality Chemical Ltd. The former two manufacture specialty chemicals, while the latter two specialise in the production of fluorochemicals. The companies within this peer group demonstrate differing performances when sales growth, profitability and key financial ratios are compared. While some peers outperform or underperform Aarti Industries on specific parameters, this diverse range of competitors exists within the sector..

Summary

Aarti Industries Limited has a strong manufacturing base and a solid understanding of business. The company is a leading force within India’s speciality chemical sector. It also has a growing international presence. Although currently facing margin problems, the company maintains long term investor interest through the aggressive diversification of its products as well as a substantial pipeline of capital expenditures and consistent volume growth.

India’s agrochemicals sector is growing rapidly, as is the production of polymers and pharma intermediates. This presents investors with an opportunity to participate in the growth of the Indian specialty manufacturing industry through this stock.. As capacity ramps up and margin recovery gains momentum, many institutional and retail investors view Aarti Industries Ltd share price as a strategic play on export-led chemical growth reflecting the upside potential from its operational leverage and demand visibility.