India's Richest People 2026 edition · 1 director · Source: Hurun India
- #1,427 Sandeep Aggarwal & family ₹1,500 Cr
Market Cap
₹1,356 Cr
ARDEE · NSE
Share Price
₹43.48
+1.09% today
Revenue
₹1,168 Cr
FY 2025-26 · +57.2% YoY
EBITDA
₹147 Cr
Margin 12.6%
Net Profit
₹84.97 Cr
FY 2025-26 · +155.3% YoY
ROE
80.7%
ROCE 48.7%
Debt / Equity
1.67
Interest cover 17.7x
Authorised capital
₹70 Cr
Registered with MCA
About Ardee Industries Limited
Data last updated:
Ardee Industries Limited is a public limited company based in New Delhi, Delhi, India. It operates in the waste management and recycling solutions segment of the environmental services sector. It was incorporated on 16 September 1993 and has been in existence for over 33 years.
Its director Sandeep Aggarwal and family are #1,427 among India's richest people (2026).
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN U24294DL1993PLC405804. Its GSTIN is 34AAACA7357D1ZZ (Puducherry). The company holds 3 GST registrations, of which 2 are active. It is a listed company as per MCA records. Its shares are listed on BSE: 544860 and NSE: ARDEE.
The company has an authorised share capital of ₹70 Cr and a paid-up capital of ₹63.04 Cr. It is led by directors including Sandeep Aggarwal (Managing Director) and Nikunj Aggarwal (Whole-Time Director).
Its last annual general meeting (AGM) was held on 04 September 2025, and its latest financial statements are for the year ended 31 March 2026. The registered office is at Khasra No.340 1st Floor & 3rd Floor, Village Sultanpur Mehrauli New Delhi, Delhi, India – 110030.
As per the latest standalone financials for FY 2025-26, the company reported a revenue of ₹1,167.65 Cr, a growth of 57.2% compared to the previous year. For the same year it recorded a net profit of ₹84.97 Cr (net margin 7.3%) and EBITDA of ₹147.08 Cr (EBITDA margin 12.6%). The net worth stands at ₹147.39 Cr (up 135.4% YoY). Total assets are valued at ₹332.98 Cr (up 45.2% YoY).
The company has about 446 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Ardee Industries. As per MCA filings, the company has open charges of ₹419.45 Cr and satisfied charges of ₹141.86 Cr on record. Court records list 1 case involving the company, including 1 filed by the company; 1 case is pending. The company has 8 deals on record (4 secondary share transfers, 2 rights issues, 1 ipo); the latest was in August 2026. Its 9 peer companies in the Metals and Minerals industry (Metals, Recycling and Waste Treatment), with the same principal business activity (metal and metal products) are compared by revenue, 5 larger and 4 smaller; the largest is Shree Balaji Alumnicast Private Limited with revenue of ₹799.1 Cr.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website ardeeindustries.com.
Company details
CIN U24294DL1993PLC405804
Registration Number 405804
Incorporation Date 16 September 1993
ROC Delhi
Listing Status Listed - Listed on NSE (ARDEE); Listed on BSE (544860)
Company Status Active
Date of Last AGM 04 September 2025
Date of Balance Sheet 31 March 2026
Compliance Status Active Compliant
CIN history
Ardee Industries has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is U24294DL1993PLC405804, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U24294DL1993PLC405804 | Current |
| U24294TN1993PTC025814 | Previous |
| U24294DL1993PTC405804 | Previous |
Key People
Sandeep Aggarwal Managing Director Nikunj Aggarwal Whole-Time Director Esha Gupta Whole-Time Director Recognitions & Rankings of Ardee Industries
Contact details
Ardee Industries Limited's registered office is in New Delhi, Delhi.
- Registered AddressKhasra No.340 1st Floor & 3rd Floor, Village Sultanpur Mehrauli New Delhi, Delhi, India – 110030
- IndustryEnvironment, Waste Management & Recycling Solutions
Comprehensive company report
Ardee Industries Limited - one report that includes everything
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
₹799 ₹999 20% off excluding 18% GST
Secure checkout · GST invoice included
Brands
Ardee Industries operates one associated brand: Ardee Industries. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Lead recycling, smelting, and manufacturing services focused on sustainability in India. | ardeeindustries.com |
Financials of Ardee Industries Limited
FY 2025-26 filings availableArdee Industries Limited reported revenue of ₹1,167.65 Cr (up 57.2% YoY) for FY 2025-26.
Financial Highlights
FY 2025-26 · StandaloneRevenue
₹1,168 Cr
+57.2% YoY
EBITDA
₹147 Cr
+123.1% YoY
Profit After Tax
₹84.97 Cr
+155.3% YoY
Net Worth
₹147 Cr
+135.4% YoY
Total Assets
₹333 Cr
+45.2% YoY
Total Debt
₹184 Cr
+10.9% YoY
Revenue vs Net Profit ₹ Cr
Margin trends
Financial summary ₹ Cr
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 |
|---|---|---|---|---|
| Income statement | ||||
| Revenue | 1,168 | 743 | 463 | 412 |
| Revenue growth | +57.2% | +60.4% | +12.4% | - |
| EBITDA | 147 | 65.94 | 28.06 | 22.76 |
| EBITDA margin | +12.6% | +8.9% | +6.1% | +5.5% |
| Profit before tax | 113 | 44.65 | 11.78 | 12.76 |
| Net profit | 84.97 | 33.28 | 8.95 | 8.56 |
| Net profit margin | +7.3% | +4.5% | +1.9% | +2.1% |
| EPS (₹) | 3.32 | 1,044.62 | 281.13 | 268.98 |
| Balance sheet | ||||
| Total assets | 333 | 229 | 172 | 101 |
| Net worth | 147 | 62.61 | 29.25 | 20.22 |
| Total debt | 184 | 166 | 142 | 80.91 |
| Cash & bank | 23.47 | 0.88 | 2.50 | 0.00 |
| Net working capital | 250 | 149 | 107 | 57.26 |
| Cash flow | ||||
| Cash from operations | 29.83 | 7.84 | (25.26) | (13.77) |
| Cash from investing | (19.77) | (22.87) | (27.20) | (24.81) |
| Cash from financing | 3.84 | 13.34 | 54.35 | 37.81 |
| Particulars | Jun 2026 | Mar 2026 | Jun 2025 |
|---|---|---|---|
| Revenue | 339 | 354 | 251 |
| Revenue growth (YoY) | +35.2% | - | - |
| Other income | 0.23 | 0.34 | 0.21 |
| Total expenses | 305 | 315 | 217 |
| EBITDA | 33.53 | 39.39 | 33.67 |
| EBITDA margin | +9.9% | +11.1% | +13.4% |
| Depreciation | 2.75 | 3.02 | 2.84 |
| Interest | 4.33 | 5.83 | 5.63 |
| Profit before tax | 26.68 | 30.88 | 25.41 |
| Tax | 6.78 | 7.14 | 6.64 |
Financial Statements
Figures in ₹ Cr; negatives in brackets. Updated 27 Oct 2026
| Particulars | Jun 2026 | Mar 2026 | Jun 2025 |
|---|---|---|---|
| Revenue | 339 | 354 | 251 |
| Revenue growth (YoY) | +35.2% | - | - |
| Other income | 0.23 | 0.34 | 0.21 |
| Total expenses | 305 | 315 | 217 |
| EBITDA | 33.53 | 39.39 | 33.67 |
| EBITDA margin | +9.9% | +11.1% | +13.4% |
| Depreciation | 2.75 | 3.02 | 2.84 |
| Interest | 4.33 | 5.83 | 5.63 |
| Profit before tax | 26.68 | 30.88 | 25.41 |
| Tax | 6.78 | 7.14 | 6.64 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 |
|---|---|---|---|---|
| Revenue | 1,168 | 743 | 463 | 412 |
| Revenue growth | +57.2% | +60.4% | +12.4% | - |
| Other income | 1.23 | 0.79 | 0.43 | 0.06 |
| Total expenses | 1,021 | 677 | 435 | 389 |
| Employee cost | 32.32 | 21.90 | 20.87 | 9.40 |
| EBITDA | 147 | 65.94 | 28.06 | 22.76 |
| EBITDA margin | +12.6% | +8.9% | +6.1% | +5.5% |
| Depreciation | 11.37 | 8.67 | 6.36 | 2.77 |
| Interest | 24.00 | 13.41 | 10.35 | 7.29 |
| Profit before tax | 113 | 44.65 | 11.78 | 12.76 |
| Tax | 28.27 | 11.37 | 2.83 | 4.20 |
| Net profit | 84.97 | 33.28 | 8.95 | 8.56 |
| Net profit margin | +7.3% | +4.5% | +1.9% | +2.1% |
| EPS (₹) | 3.32 | 1,044.62 | 281.13 | 268.98 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 |
|---|---|---|---|---|
| Equity & liabilities | ||||
| Share capital | 50.97 | 3.19 | 3.19 | 3.19 |
| Reserves & surplus | 96.42 | 59.42 | 26.06 | 17.03 |
| Shareholders' funds (net worth) | 147 | 62.61 | 29.25 | 20.22 |
| Secured loans | 183 | 162 | 130 | 69.78 |
| Unsecured loans | 1.17 | 4.21 | 12.79 | 11.13 |
| Total debt | 184 | 166 | 142 | 80.91 |
| Total liabilities | 333 | 229 | 172 | 101 |
| Assets | ||||
| Gross block | 97.70 | 81.44 | 54.53 | 42.24 |
| Net block | 71.82 | 66.62 | 45.40 | 39.47 |
| Capital work in progress | 1.71 | 5.10 | 9.73 | 1.49 |
| Investments | 0.00 | 0.00 | 0.00 | 0.00 |
| Inventories | 116 | 44.95 | 41.86 | 24.31 |
| Sundry debtors | 24.79 | 59.95 | 39.69 | 21.95 |
| Cash & bank balances | 23.47 | 0.88 | 2.50 | 0.00 |
| Loans & advances | 116 | 76.03 | 46.99 | 17.46 |
| Total current assets | 280 | 182 | 131 | 63.72 |
| Total current liabilities | 30.36 | 32.75 | 23.82 | 6.46 |
| Net working capital | 250 | 149 | 107 | 57.26 |
| Total assets | 333 | 229 | 172 | 101 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 |
|---|---|---|---|---|
| Opening cash | 0.21 | 1.89 | 0.00 | 0.78 |
| Net cash from operating activities | 29.83 | 7.84 | (25.26) | (13.77) |
| Net cash from investing activities | (19.77) | (22.87) | (27.20) | (24.81) |
| Net cash from financing activities | 3.84 | 13.34 | 54.35 | 37.81 |
| Net change in cash | 13.89 | (1.68) | 1.89 | (0.77) |
| Closing cash | 23.47 | 0.88 | 2.50 | 0.00 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 |
|---|---|---|---|---|
| Growth | ||||
| Sales growth | +57.2% | +60.4% | +12.4% | - |
| EBITDA growth | +123.1% | +135.0% | +23.3% | - |
| PBT growth | +153.0% | +279.0% | -7.7% | +9997.0% |
| Net income growth | +155.3% | +271.8% | +4.6% | - |
| Revenue CAGR (3Y) | +41.5% | - | - | - |
| EBITDA CAGR (3Y) | +86.3% | - | - | - |
| Profitability & leverage | ||||
| Net income margin | +7.3% | +4.5% | +1.9% | +2.1% |
| Return on capital employed | +48.7% | +28.9% | +16.2% | +19.8% |
| Return on net worth | +80.7% | +72.4% | +36.2% | +42.4% |
| Debt / equity | 1.67 | 3.36 | 4.52 | 4.00 |
| Long-term debt / equity | 0.19 | 0.50 | 0.83 | 0.91 |
| Interest cover | 17.68 | 23.42 | 47.70 | 36.47 |
| Efficiency & per share | ||||
| Fixed asset turnover | 13.04 | 10.93 | 9.57 | 9.75 |
| Inventory turnover | 14.50 | 17.11 | 13.99 | 16.94 |
| Debtors turnover | 27.56 | 14.91 | 15.02 | 18.76 |
| EPS (₹) | 3.32 | 1,044.62 | 281.13 | 268.98 |
| Dividend per share (₹) | 0.00 | 0.00 | 0.00 | 0.00 |
| Book value per share (₹) | 5.78 | 1,965.49 | 918.34 | 634.76 |
To see the full year-wise statements and ratios of Ardee Industries Limited, buy the company report.
Board of directors of Ardee Industries Limited
Ardee Industries has 6 current directors and 14 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sandeep Aggarwal Also directs: Goldrain Estates Private Limited, B.R.N. Builders Private Limited, B.C.A. Estates Private Limited and 5 more | Managing Director | 26 Apr 2021 | 5 Years 6 Months | Current |
| Nikunj Aggarwal | Whole-Time Director | 26 Apr 2021 | 5 Years 6 Months | Current |
| Archana Jain Also directs: Gulshan Polyols Limited, Oriana Power Limited, Ecos (India) Mobility & Hospitality Limited and 4 more | Director | 30 Jun 2025 | 1 Years 3 Months | Current |
| Anand Tandon | Director | 18 Jul 2025 | 1 Years 3 Months | Current |
| Vivek Sarbhai Also directs: Thermo Fisher Scientific India Private Limited | Director | 18 Jul 2025 | 1 Years 3 Months | Current |
| Esha Gupta Also directs: En Ventures LLP | Whole-Time Director | 08 Mar 2025 | 1 Years 7 Months | Current |
Peer comparison
Ardee Industries Limited is compared with the 9 companies closest to it by revenue in the Metals and Minerals industry (Metals, Recycling and Waste Treatment), with the same principal business activity (metal and metal products), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Ardee Industries Limitedthis company | ₹1,167.65 Cr (FY 2026) | ₹84.97 Cr | 7.3% | 57.2% | New Delhi, Delhi, India | |
| Shree Balaji Alumnicast Private Limited | ₹799.1 Cr (FY 2025) | 14.0% | Delhi, India | |||
| Sumridhi Aluminium Private Limited | ₹794.9 Cr (FY 2025) | 29.0% | Delhi, India | |||
| Manaksia Coated Metals & Industries Limited | ₹790.87 Cr (FY 2025) | 6.0% | Kolkata, West Bengal, India | |||
| CMR Aluminium Private Limited | ₹760.86 Cr (FY 2025) | 29.0% | Faridabad, Haryana, India | |||
| Virgo Aluminum Limited | ₹756.33 Cr (FY 2024) | 20.0% | Kheda, Gujarat, India | |||
| Mercure Metals and Alloys Private Limited | ₹721.82 Cr (FY 2025) | 29.0% | Mumbai, Maharashtra, India | |||
| Vimla Fuels & Metals Limited | ₹718.74 Cr (FY 2023) | 7.0% | Bhachau, Gujarat, India | |||
| S. Poddar International (India) Private Limited | ₹718.68 Cr (FY 2025) | 12.0% | Gandhidham, Gujarat, India | |||
| Copprrod Industries Private Limited | ₹718.04 Cr (FY 2024) | 11.0% | Tumkur, Karnataka, India |
To see the full peer comparison of Ardee Industries Limited, buy the company report.
Charges & borrowings
Open charges
₹419.45 Cr
Satisfied charges
₹141.86 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 03 Jun 2026 | 101313369 | Axis Bank Limited | ₹98.88 Cr | Open | |
| 30 Jun 2025 | 101121490 | Others | ₹49.94 Cr | Open | |
| 15 May 2025 | 101096279 | Standard Chartered Bank | ₹20 Cr | Open | |
| 16 Oct 2023 | 100806534 | Others | ₹30 Cr | Open | |
| 13 Mar 2023 | 100689359 | Yes Bank Limited | ₹74.14 Cr | Open |
To see the full charge records of Ardee Industries Limited, buy the company report.
Total charge records: 20 View all charges
Deals & funding
Ardee Industries Limited has 8 deals on record (4 secondary share transfers, 2 rights issues, 1 ipo); the latest was in August 2026.
Total deals
8
Secondary share transfers
4
Rights issues
2
IPO
1
Market trade
1
Deals on record (5 of 8)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Aug 2026 | Market trade | ₹23.22 Cr | Buyer: Irage Broking Services LLP Seller: Irage Broking Services LLP |
| Aug 2026 | IPO | ₹425.87 Cr | Investors: Winro Commercial (India) Ltd , Bengal Finance and Investment Private Limited , Bank of India Small Cap Fund Seller: 2 individuals |
| May 2021 | Rights issue | ₹3.8 Cr | Investors: 2 individuals |
| May 2021 | Secondary share transfer | Undisclosed | Buyer: D P Auto Industreis Private Limited, 2 individuals Seller: 4 individuals |
| Mar 2021 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: 2 individuals |
To see the full deal history of Ardee Industries Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Ardee Industries Limited has 1 court case on record: 1 filed by Ardee Industries. All case is pending.
Total cases
1
Filed by the company
1
Pending
1
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 1 | 0 | 1 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Kerala | Court case (Crl.MC) | Filed by the company against State of Kerala, | Pending |
To see the full case history of Ardee Industries Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Ardee Industries Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Ardee Industries has 3 GST registrations: 2 active and 1 cancelled or inactive.
Total GSTINs
3
Active
2
Cancelled / inactive
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 34AAACA7357D1ZZ | Puducherry | Active | 01 Jul 2017 |
| 37AAACA7357D1ZT | Andhra Pradesh | Active | 08 Feb 2018 |
To see the full GST registrations and return filing status of Ardee Industries Limited, buy the company report.
Recent activity
Ardee Industries Limited has 20 board changes on record since 2015: 6 appointments and 14 cessations. The latest: Puneet Verma ceased to be Company Secretary on 11 Dec 2025.
Charges
A charge with Others of Rs. 30.00 Cr registered on 16 Oct 2023 with Charge ID 100806534 was modified on 14 Jul 2026.
Charges
A charge with Axis Bank Limited amounted to Rs. 98.88 Cr with Charge ID 101313369 was registered on 03 Jun 2026.
Charges
A charge with Others of Rs. 49.94 Cr registered on 30 Jun 2025 with Charge ID 101121490 was modified on 03 Jun 2026.
Charges
A charge with Standard Chartered Bank of Rs. 20.00 Cr registered on 15 May 2025 with Charge ID 101096279 was modified on 03 Jun 2026.
Charges
A charge with Yes Bank Limited of Rs. 74.14 Cr registered on 13 Mar 2023 with Charge ID 100689359 was modified on 03 Jun 2026.
Filing
Ardee Industries Limited has filed its annual Financial statements for the year ended 31 Mar 2026 with Roc Delhi I.
Ceased
Puneet Verma ceased to be Company Secretary.
Charges
A charge with Axis Bank Limited of Rs. 140.76 Cr registered on 12 May 2022 with Charge ID 100576903 was modified on 17 Nov 2025.
Charges
A charge registered on 05 Jun 2021 via Charge ID 100452437 with Karnataka Bank Ltd. was fully satisfied on 04 Nov 2025.
Charges
A charge registered on 21 Jun 2022 via Charge ID 100591666 with Karnataka Bank Ltd. was fully satisfied on 09 Oct 2025.
Charges
A charge registered on 11 Feb 2022 via Charge ID 100540065 with Karnataka Bank Ltd. was fully satisfied on 09 Oct 2025.
Charges
A charge registered on 30 Jul 2021 via Charge ID 100470239 with Karnataka Bank Ltd. was fully satisfied on 09 Oct 2025.
57 earlier events are in the company report.
News
Frequently asked questions
Ardee Industries is an active public limited company based in New Delhi, Delhi, India. The company works in waste management and recycling solutions, within the environment industry. It was incorporated on 16 September 1993 (33+ years old) and is registered under CIN U24294DL1993PLC405804. Listed on BSE: 544860 and NSE: ARDEE.
Ardee Industries reported revenue of ₹1,167.65 Cr for FY 2025-26 (up 57.2% YoY) based on standalone financials.
Ardee Industries has 6 current directors:
- Sandeep Aggarwal - Managing Director
- Nikunj Aggarwal - Whole-Time Director
- Esha Gupta - Whole-Time Director
- Archana Jain - Director
- Anand Tandon - Director
- Vivek Sarbhai - Director
The latest financial statements of Ardee Industries on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 04 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Ardee Industries is 34AAACA7357D1ZZ, registered in Puducherry. The company has 3 GST registrations in all, of which 2 are active and 1 is cancelled or inactive. Other active GSTINs include 37AAACA7357D1ZT (Andhra Pradesh).
The CIN (Corporate Identification Number) of Ardee Industries is U24294DL1993PLC405804. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Yes. Ardee Industries is a listed company as per MCA records. Its shares are listed on both BSE (code: 544860) and NSE (symbol: ARDEE).
Ardee Industries has 1 court case on record: 1 filed by the company. 1 is pending.
Ardee Industries was incorporated on 16 September 1993, making it 33+ years old. It is registered with the Registrar of Companies, Delhi.
Ardee Industries has 8 deals on record (4 secondary share transfers, 2 rights issues, 1 ipo); the latest was in August 2026.
The peers of Ardee Industries by revenue are Shree Balaji Alumnicast Private Limited, Sumridhi Aluminium Private Limited, Manaksia Coated Metals & Industries Limited, CMR Aluminium Private Limited, Virgo Aluminum Limited and 4 more, all in the Metals and Minerals industry (Metals, Recycling and Waste Treatment), with the same principal business activity (metal and metal products).