Aartech Solonics Ltd. (AARTECH) AI Stock Analysis

Aartech Solonics Ltd.

(NSE:AARTECH)

Select Model

Rating:58Neutral

Price Target:INR 42.00▲(7.25% Upside)

Action:reiterated

Date:10/08/26

Aartech Solonics scores a 58, anchored primarily by its impressive multi-year revenue growth and highly capitalized balance sheet. However, the overall score is significantly restrained by the company's consistent inability to generate positive cash flow alongside weak short-term technical momentum. The premium valuation demands that investors closely monitor the company's working capital management and ability to translate accounting net income into actual cash.

Positive Factors

Revenue GrowthStrong multi-year revenue scaling indicates expanding business activity and sustained demand for the company’s electrical engineering and power-system offerings. Continued growth in the latest two years provides a durable base for operating leverage, reinvestment, and further market development.

Negative Factors

Volatile Cash ConversionRepeated periods of negative operating and free cash flow show that reported profits are not consistently converting into cash. Persistent volatility can increase working-capital pressure, limit internally funded growth, and make earnings quality and project execution less dependable over the next several quarters.

Aartech Solonics Ltd. (AARTECH) vs. iShares MSCI India ETF (INDA)

Market Cap: INR 1.27B
Dividend Yield: 0.31%
Average Volume (3M): 18.11K
Price to Earnings (P/E): 25.9
Beta (1Y): 1.27
Revenue Growth: 28.62%
EPS Growth: 84.60%
Country: India
Employees: 76
Sector: General
Sector Strength: 55
Industry: Electrical Equipment & Parts

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, FaraDigm,...

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/co...

Aartech Solonics Ltd. Financial Statement Overview

Summary

Robust revenue and net income growth paired with a conservative, low-debt balance sheet are notably offset by persistent cash flow challenges and recent gross margin volatility.

Income Statement

78Positive

Balance Sheet

85Very Positive

Cash Flow

35Negative

Financial statement breakdown
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	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	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

Technical Analysis SentimentNegative

Last Price39.16

Price Trends

50DMA48.34Negative

100DMA48.12Negative

200DMA46.70Negative

Market Momentum

MACD-1.90Positive

RSI34.55Neutral

STOCH30.39Neutral

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 39.16 is below the 20-day moving average (MA) of 45.73, below the 50-day MA of 48.34, and below the 200-day MA of 46.70, indicating a bearish trend. The MACD of -1.90 indicates Positive momentum. The RSI at 34.55 is Neutral, neither overbought nor oversold. The STOCH value of 30.39 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

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

IN:AARTECH against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
IN:TARIL	83Outperform	INR 89.69B	29.22	―	0.08%	27.23%	21.70%
IN:VOLTAMP	76Outperform	INR 104.59B	32.39	―	0.97%	17.84%	-2.60%
IN:SERVOTECH	63Neutral	INR 13.96B	37.40	―	0.03%	7.40%	15.11%
IN:AARTECH	58Neutral	INR 1.28B	25.89	―	0.31%	28.62%	84.60%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
IN:HPL	55Neutral	INR 14.56B	15.90	―	0.44%	14.96%	-4.12%
IN:EXICOM	50Neutral	INR 17.44B	-6.50	―	―	55.63%	-13.55%

* General Sector Average

Performance Comparison

IN:AARTECH and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
IN:AARTECH	Aartech Solonics Ltd.	39.27	-15.28	-28.01%
IN:EXICOM	Exicom Tele-Systems Ltd.	128.35	-8.35	-6.11%
IN:HPL	HPL Electric & Power Limited	239.55	-194.73	-44.84%
IN:SERVOTECH	Servotech Power Systems Ltd.	63.73	-52.76	-45.29%
IN:TARIL	Transformers and Rectifiers (India) Limited	308.60	-110.07	-26.29%
IN:VOLTAMP	Voltamp Transformers Limited	10087.70	2800.72	38.43%

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 alre...

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.

Date of analysis: Oct 08, 2026

Aartech Solonics Ltd. AI Stock Analysis