Aries Agro Ltd. (ARIES) AI Stock Analysis

Aries Agro Ltd.

(NSE:ARIES)

Select Model

Rating:76Outperform

Price Target:INR 489.00▲(12.92% Upside)

Action:reiterated

Date:08/27/26

The overall score is driven mainly by solid and improving financials—steady revenue growth, respectable margins, and a stronger, less leveraged balance sheet—partially tempered by uneven cash flow trends and margin compression; technicals add a positive but cautious contribution given the strong price rally and stretched momentum signals, while a low-teens P/E provides a reasonably attractive, though not deeply discounted, valuation backdrop with minimal dividend support.

Positive Factors

Revenue and earnings growthSustained revenue expansion and strong earnings growth indicate increasing demand for Aries Agro’s agricultural-input portfolio. A higher earnings base can support reinvestment in products, distribution, and market coverage, strengthening the company’s ability to compound performance over the next several quarters.

Negative Factors

Inconsistent cash conversionWeak 2026 cash conversion means reported earnings are not consistently translating into funds available for reinvestment, debt reduction, or shareholder returns. Continued volatility from working-capital swings or higher reinvestment needs could make financial performance less predictable over the next several quarters.

Aries Agro Ltd. (ARIES) vs. iShares MSCI India ETF (INDA)

Market Cap: INR 4.37B
Dividend Yield: 0.35%
Average Volume (3M): 3,930
Price to Earnings (P/E): 11.7
Beta (1Y): 1.35
Revenue Growth: 19.34%
EPS Growth: 29.79%
Country: India
Employees: 1,365
Sector: General
Sector Strength: 55
Industry: Agricultural Inputs

Aries Agro Ltd. Business Overview & Revenue Model

Company Description

Aries Agro Limited, operating alongside its subsidiary companies, specializes in the creation and provision of essential nutritional products for both agricultural crops and livestock. Their market presence extends across various international locati...

How the Company Makes Money

Aries Agro primarily makes money by selling agricultural input products—especially specialty plant nutrition solutions such as micronutrients, secondary nutrients, and related crop nutrition formulations—to farmers and other agri-channel participants...

Aries Agro Ltd. Financial Statement Overview

Summary

Financial performance is a clear strength, with revenues rising from about ₹4.3B in FY 2022 to about ₹7.5B in FY 2026 and consistently positive profitability, while a healthier, less leveraged balance sheet offsets some pressure from recent gross margin compression and volatile but generally supportive cash flows.

Income Statement

78Positive

Balance Sheet

82Very Positive

Cash Flow

72Positive

Financial statement breakdown
Breakdown	TTM	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022
Income Statement
Total Revenue	7.75B	7.53B	6.22B	5.16B	4.72B	4.32B
Gross Profit	2.59B	2.22B	2.60B	2.22B	1.93B	1.28B
EBITDA	941.58M	888.58M	722.82M	584.12M	559.47M	499.33M
Net Income	477.42M	428.54M	340.23M	194.31M	171.29M	132.90M
Balance Sheet
Total Assets	0	6.39B	5.81B	5.17B	5.20B	5.09B
Cash, Cash Equivalents and Short-Term Investments	486.69M	486.69M	352.30M	24.29M	18.55M	7.14M
Total Debt	0	557.28M	486.24M	735.50M	997.00M	1.12B
Total Liabilities	-3.38B	3.01B	2.88B	2.53B	2.73B	2.79B
Stockholders Equity	3.38B	3.34B	2.90B	2.60B	2.43B	2.24B
Cash Flow
Free Cash Flow	185.87M	201.88M	727.60M	460.80M	389.64M	622.88M
Operating Cash Flow	397.24M	688.10M	1.05B	765.41M	545.04M	687.37M
Investing Cash Flow	-558.01M	-781.68M	-343.32M	-262.35M	-163.58M	-126.83M
Financing Cash Flow	42.94M	55.43M	-447.85M	-497.33M	-370.05M	-560.27M

Aries Agro Ltd. Technical Analysis

Technical Analysis SentimentNeutral

Last Price433.05

Price Trends

50DMA470.02Negative

100DMA407.51Positive

200DMA374.75Positive

Market Momentum

MACD-8.54Positive

RSI39.35Neutral

STOCH41.11Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:ARIES, the sentiment is Neutral. The current price of 433.05 is below the 20-day moving average (MA) of 467.36, below the 50-day MA of 470.02, and above the 200-day MA of 374.75, indicating a neutral trend. The MACD of -8.54 indicates Positive momentum. The RSI at 39.35 is Neutral, neither overbought nor oversold. The STOCH value of 41.11 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for IN:ARIES.

Aries Agro Ltd. Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

IN:ARIES against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
IN:ARIES	76Outperform	INR 5.63B	11.71	―	0.35%	19.34%	29.79%
IN:DHANUKA	73Outperform	INR 43.75B	16.48	―	0.20%	-5.63%	-11.38%
IN:INSECTICID	66Neutral	INR 15.10B	11.82	―	0.39%	1.26%	-16.43%
IN:IPL	66Neutral	INR 12.97B	12.05	―	0.67%	17.05%	9.10%
IN:RALLIS	63Neutral	INR 35.75B	18.14	―	1.63%	6.82%	11.93%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
IN:PIIND	52Neutral	INR 316.94B	27.34	―	0.48%	-16.57%	-27.71%

* General Sector Average

Performance Comparison

IN:ARIES and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
IN:ARIES	Aries Agro Ltd.	433.05	61.10	16.43%
IN:DHANUKA	Dhanuka Agritech Limited	981.50	-331.82	-25.27%
IN:INSECTICID	Insecticides (India) Limited	519.10	-197.97	-27.61%
IN:IPL	India Pesticides Ltd.	112.60	-71.96	-38.99%
IN:PIIND	PI Industries Limited	2089.00	-1574.50	-42.98%
IN:RALLIS	Rallis India Limited	183.85	-74.54	-28.85%

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: Aug 27, 2026

Aries Agro Ltd. AI Stock Analysis