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Aartech Solonics Ltd.
(AARTECH)
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Rating:51Neutral
Price Target:
₹49.00
▼(-7.84% Downside)
Action:Reiterated
Date:10/08/26
The score is held back primarily by inconsistent cash-flow generation despite solid revenue growth and a conservatively levered balance sheet. Technical indicators also show weak near-term momentum, while valuation looks relatively expensive with minimal dividend support.
Positive Factors
Strong revenue scaling
The substantial five-year revenue increase indicates that Aartech has expanded its business activity and customer execution base. Continued growth in the last two years provides a durable foundation for operating scale, although future benefits depend on maintaining disciplined project delivery and cost control.
Negative Factors
Volatile cash conversion
Repeated negative operating and free cash flow indicates that reported profits are not consistently converting into cash. This can constrain internally funded growth, increase exposure to working-capital swings, and make earnings quality less dependable even when revenue and net income continue to rise.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong revenue scaling
The substantial five-year revenue increase indicates that Aartech has expanded its business activity and customer execution base. Continued growth in the last two years provides a durable foundation for operating scale, although future benefits depend on maintaining disciplined project delivery and cost control.
Read all positive factors
Aartech Solonics Ltd. (AARTECH) vs. iShares MSCI India ETF (INDA)
Market Cap
₹1.49B
Dividend Yield0.27%
Average Volume (3M)6.32K
Price to Earnings (P/E)30.1
Beta (1Y)1.33
Revenue Growth28.62%
EPS Growth84.60%
CountryIN
Employees76
SectorGeneral
Sector StrengthN/A
IndustryElectrical Equipment & Parts
Share Statistics
EPS (TTM)1.55
Shares Outstanding31,770,374
10 Day Avg. Volume2,300
30 Day Avg. Volume6,317
Financial Highlights & Ratios
PEG Ratio0.64
Price to Book (P/B)3.21
Price to Sales (P/S)2.76
P/FCF Ratio-76.82
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Aartech Solonics Ltd. Business Overview & Revenue Model
Company Description
Aartech Solonics Ltd. operates as a research and development firm dedicated to developing system solutions, providing a range of specialized energy devices. Its product portfolio features items such as the BTS 2000 fast bus transfer system, FaraDi...
How the Company Makes Money
AARTECH primarily makes money by executing electrical engineering and power-system projects and by supplying associated equipment and system solutions. Revenue is typically generated through (i) sale/supply of electrical panels, power distribution...
Aartech Solonics Ltd. Financial Statement Overview
Summary
Income Statement
72
Positive
Balance Sheet
78
Positive
Cash Flow
34
Negative
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 438.33M | 408.84M | 363.52M | 327.44M | 216.88M | 163.36M |
| Gross Profit | 148.96M | 127.19M | 186.65M | 113.02M | 89.81M | 74.34M |
| EBITDA | 79.43M | 74.48M | -2.14M | 33.65M | 26.71M | 38.96M |
| Net Income | 50.17M | 40.48M | 27.30M | 13.15M | 14.22M | 27.98M |
Balance Sheet | ||||||
| Total Assets | 0.00 | 506.29M | 428.09M | 411.22M | 368.44M | 320.52M |
| Cash, Cash Equivalents and Short-Term Investments | 123.73M | 123.73M | 140.80M | 113.70M | 73.72M | 93.54M |
| Total Debt | 0.00 | 56.17M | 56.38M | 42.00M | 27.80M | 7.99M |
| Total Liabilities | -350.63M | 155.66M | 113.15M | 115.83M | 79.84M | 47.58M |
| Stockholders Equity | 350.63M | 351.03M | 314.56M | 295.35M | 288.73M | 280.25M |
Cash Flow | ||||||
| Free Cash Flow | 2.37M | -14.67M | -20.12M | 8.53M | -53.47M | 16.58M |
| Operating Cash Flow | 2.60M | -10.96M | -15.22M | 14.92M | -48.23M | 16.58M |
| Investing Cash Flow | 3.07M | 26.10M | 12.75M | -9.30M | 38.44M | -12.71M |
| Financing Cash Flow | -3.80M | -4.17M | 2.83M | 4.03M | 11.70M | -2.31M |
Aartech Solonics Ltd. Technical Analysis
Negative
53.17
Price Trends
49.22
Negative
47.82
Negative
46.98
Negative
Market Momentum
-0.58
Positive
38.68
Neutral
24.15
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:AARTECH, the sentiment is Negative. The current price of 53.17 is above the 20-day moving average (MA) of 49.93, above the 50-day MA of 49.22, and above the 200-day MA of 46.98, indicating a bearish trend. The MACD of -0.58 indicates Positive momentum. The RSI at 38.68 is Neutral, neither overbought nor oversold. The STOCH value of 24.15 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:AARTECH.
Aartech Solonics Ltd. Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
74 Outperform | ₹106.31B | 33.53 | ― | 0.95% | 17.84% | -2.60% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
54 Neutral | ₹16.69B | 18.23 | ― | 0.38% | 14.96% | -4.12% | |
54 Neutral | ₹88.49B | 33.96 | ― | 0.08% | 14.60% | -1.12% | |
51 Neutral | ₹1.49B | 30.15 | ― | 0.27% | 28.62% | 84.60% | |
49 Neutral | ₹20.78B | -7.76 | ― | ― | 55.63% | -13.55% | |
48 Neutral | ₹15.47B | 41.45 | ― | 0.03% | 7.40% | 14.85% |
* General Sector Average
IN:AARTECH
Aartech Solonics Ltd.
46.85
-5.02
-9.69%
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Aartech Solonics Ltd. Corporate Events
Aartech Solonics Schedules Virtual One-on-One Investor Meet on Q1 Results
Aug 11, 2026
Aartech Solonics has scheduled a virtual one-on-one meeting with analysts and investors on August 14, 2026, to discuss its financial performance for the quarter ended June 30, 2026. The interaction will be based solely on results and information a...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.