About Aries Agro Limited (CN)
Data last updated:
Aries Agro Limited (CN) is a public limited company based in Mumbai, Maharashtra, India. It operates in the fertilizers and soil enhancers segment of the agriculture sector. It was incorporated on 27 November 1969 and has been in existence for over 57 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN L99999MH1969PLC014465. Its GSTIN is 27AAACA5035G1Z1 (Maharashtra). The company holds 23 GST registrations, of which 21 are active. It is a listed company as per MCA records. Its shares are listed on BSE: 532935 and NSE: ARIES.
The company has an authorised share capital of ₹15 Cr and a paid-up capital of ₹13 Cr. It was formerly known as Aries Agro-Vet Industries Limited. It is led by directors including Rahul Mirchandani (Managing Director) and Nitya Mirchandani.
Its last annual general meeting (AGM) was held on 26 September 2025, and its latest financial statements are for the year ended 31 March 2026. The registered office is at Aries House Plot No; 24 Deonar Govandi East, Mumbai, Maharashtra, India.
As per the latest consolidated financials for FY 2025-26, the company reported a revenue of ₹956.88 Cr, a growth of 18.9% compared to the previous year. For the same year it recorded a net profit of ₹39.58 Cr (net margin 4.1%) and EBITDA of ₹76.15 Cr (EBITDA margin 8%). The net worth stands at ₹334.37 Cr (up 15.5% YoY). Total assets are valued at ₹401.49 Cr (up 14.6% YoY).
Its group structure includes 2 subsidiaries.
The company is associated with 1 brand: Aries Agro. As per MCA filings, the company has open charges of ₹249.23 Cr and satisfied charges of ₹188.21 Cr on record. Court records list 324 cases involving the company, including 221 filed by the company and 103 filed against it; 61 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website ariesagro.com.
Company details
CIN history
Aries Agro Limited (CN) has one previous CIN (Corporate Identification Number): U99999MH1969PLC014465. The current CIN is L99999MH1969PLC014465, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L99999MH1969PLC014465 | Current |
| U99999MH1969PLC014465 | Previous |
Contact details
Aries Agro Limited (CN)'s registered office is in Mumbai, Maharashtra. Its website is ariesagro.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressAries House Plot No; 24 Deonar Govandi East, Mumbai, Maharashtra, India
- IndustryAgriculture, Fertilizers & Soil Enhancers
To see the full contact details of Aries Agro Limited (CN), buy the company report.
- 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
Brands
Aries Agro Limited (CN) operates one associated brand: Aries Agro. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Fertilizers, micronutrients, and farm equipment are manufactured for agriculture. | ariesagro.com |
Business activity
The main business activity of Aries Agro Limited (CN) is manufacturing. In detail, this covers other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C13 | Other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities |
To see the full business activity and turnover split of Aries Agro Limited (CN), buy the company report.
Financials of Aries Agro Limited (CN)
FY 2025-26 filings availableAries Agro Limited (CN) reported revenue of ₹956.88 Cr (up 18.9% YoY) for FY 2025-26.
Financial Highlights
FY 2025-26 · ConsolidatedRevenue vs Net Profit ₹ Cr
Margin trends
Financial summary ₹ Cr
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 957 | 805 | 673 | 612 | 548 | 475 | 372 |
| Revenue growth | +18.9% | +19.6% | +9.9% | +11.7% | +15.5% | +27.7% | - |
| EBITDA | 76.15 | 67.65 | 55.45 | 47.77 | 46.66 | 56.76 | 39.78 |
| EBITDA margin | +8.0% | +8.4% | +8.2% | +7.8% | +8.5% | +12.0% | +10.7% |
| Profit before tax | 60.29 | 44.39 | 28.39 | 25.36 | 20.29 | 24.62 | 16.12 |
| Net profit | 39.58 | 33.44 | 19.43 | 17.15 | 13.29 | 17.95 | 11.15 |
| Net profit margin | +4.1% | +4.2% | +2.9% | +2.8% | +2.4% | +3.8% | +3.0% |
| EPS (₹) | 32.95 | 26.16 | 14.94 | 13.17 | 10.22 | 13.81 | 7.49 |
| Balance sheet | |||||||
| Total assets | 401 | 350 | 341 | 349 | 345 | 364 | 360 |
| Net worth | 334 | 290 | 260 | 243 | 224 | 211 | 194 |
| Total debt | 55.72 | 48.63 | 73.55 | 99.70 | 112 | 143 | 150 |
| Cash & bank | 29.66 | 32.93 | 6.13 | 4.78 | 3.14 | 4.10 | 4.07 |
| Net working capital | 174 | 174 | 190 | 221 | 225 | 244 | 245 |
| Cash flow | |||||||
| Cash from operations | 86.08 | 104 | 76.54 | 54.50 | 68.74 | 56.49 | 58.84 |
| Cash from investing | (77.72) | (33.57) | (26.23) | (16.36) | (12.68) | (14.00) | (41.13) |
| Cash from financing | (12.18) | (44.78) | (49.73) | (37.00) | (56.03) | (42.57) | (21.42) |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 188 | 185 | 202 | 204 | 161 | 128 | 170 | 194 |
| Revenue growth (YoY) | +16.4% | +44.6% | +18.9% | +5.5% | +19.0% | - | - | - |
| Other income | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| EBITDA | 27.12 | 0.31 | 28.58 | 38.16 | 21.81 | 0.97 | 21.59 | 34.30 |
| EBITDA margin | +14.6% | +0.2% | +14.2% | +19.1% | +13.7% | +0.8% | +12.8% | +17.9% |
| Depreciation | 2.66 | 3.03 | 2.78 | 2.56 | 2.48 | 3.01 | 2.11 | 2.42 |
| Interest | 4.83 | 3.37 | 1.96 | 7.54 | 4.84 | 2.84 | 4.81 | 7.87 |
| Profit before tax | 19.63 | (6.09) | 23.84 | 28.06 | 14.49 | (4.88) | 14.67 | 24.01 |
| Tax | 4.78 | (1.31) | 6.53 | 8.14 | 4.56 | (0.98) | 3.18 | 5.24 |
| Net profit | 14.85 | (4.78) | 17.31 | 19.92 | 9.93 | (3.90) | 11.49 | 18.77 |
| EPS (₹) | 11.47 | (3.40) | 13.26 | 15.39 | 7.71 | (2.84) | 8.91 | 14.51 |
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 918 | 779 | 664 | 610 | 548 | 474 | 372 |
| Revenue growth | +17.9% | +17.2% | +8.9% | +11.4% | +15.4% | +27.7% | - |
| EBITDA | 63.58 | 59.47 | 54.89 | 46.82 | 47.68 | 57.18 | 41.82 |
| EBITDA margin | +6.9% | +7.6% | +8.3% | +7.7% | +8.7% | +12.1% | +11.3% |
| Profit before tax | 53.45 | 41.21 | 31.81 | 29.34 | 26.56 | 30.10 | 23.10 |
| Net profit | 35.21 | 31.76 | 21.81 | 20.24 | 19.03 | 22.64 | 16.30 |
| Net profit margin | +3.8% | +4.1% | +3.3% | +3.3% | +3.5% | +4.8% | +4.4% |
| EPS (₹) | 29.51 | 24.80 | 16.77 | 15.56 | 14.63 | 17.41 | 12.00 |
| Balance sheet | |||||||
| Total assets | 362 | 322 | 315 | 328 | 321 | 336 | 325 |
| Net worth | 312 | 275 | 248 | 227 | 209 | 191 | 168 |
| Total debt | 42.46 | 39.31 | 64.72 | 97.70 | 110 | 142 | 150 |
| Cash & bank | 29.58 | 32.77 | 4.41 | 4.27 | 3.09 | 3.85 | 3.78 |
| Net working capital | 185 | 198 | 217 | 244 | 242 | 254 | 249 |
| Cash flow | |||||||
| Cash from operations | 81.28 | 99.93 | 73.58 | 52.68 | 65.99 | 55.25 | 57.43 |
| Cash from investing | (69.98) | (27.86) | (17.93) | (15.46) | (8.21) | (12.29) | (23.94) |
| Cash from financing | (15.03) | (44.37) | (56.28) | (36.53) | (57.56) | (43.00) | (37.14) |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 183 | 177 | 191 | 193 | 156 | 122 | 162 | 183 |
| Revenue growth (YoY) | +17.4% | +45.7% | +17.9% | +5.3% | +13.0% | - | - | - |
| Other income | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total expenses | 158 | 176 | 168 | 159 | 136 | 123 | 141 | 152 |
| EBITDA | 24.90 | 1.51 | 23.37 | 34.20 | 20.59 | (1.10) | 21.24 | 31.20 |
| EBITDA margin | +13.8% | +0.9% | +12.4% | +18.2% | +13.4% | -0.9% | +13.3% | +17.2% |
| Depreciation | 2.34 | 2.53 | 2.53 | 2.29 | 2.24 | 2.71 | 1.85 | 2.12 |
| Interest | 4.47 | 3.03 | 1.64 | 7.30 | 4.65 | 2.62 | 4.57 | 7.65 |
| Profit before tax | 18.09 | (4.05) | 19.20 | 24.61 | 13.70 | (6.43) | 14.82 | 21.43 |
| Tax | 4.47 | (0.56) | 4.90 | 6.22 | 4.52 | (1.81) | 3.02 | 4.33 |
Financial Statements
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 188 | 185 | 202 | 204 | 161 | 128 | 170 | 194 |
| Revenue growth (YoY) | +16.4% | +44.6% | +18.9% | +5.5% | +19.0% | - | - | - |
| Other income | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| EBITDA | 27.12 | 0.31 | 28.58 | 38.16 | 21.81 | 0.97 | 21.59 | 34.30 |
| EBITDA margin | +14.6% | +0.2% | +14.2% | +19.1% | +13.7% | +0.8% | +12.8% | +17.9% |
| Depreciation | 2.66 | 3.03 | 2.78 | 2.56 | 2.48 | 3.01 | 2.11 | 2.42 |
| Interest | 4.83 | 3.37 | 1.96 | 7.54 | 4.84 | 2.84 | 4.81 | 7.87 |
| Profit before tax | 19.63 | (6.09) | 23.84 | 28.06 | 14.49 | (4.88) | 14.67 | 24.01 |
| Tax | 4.78 | (1.31) | 6.53 | 8.14 | 4.56 | (0.98) | 3.18 | 5.24 |
| Net profit | 14.85 | (4.78) | 17.31 | 19.92 | 9.93 | (3.90) | 11.49 | 18.77 |
| EPS (₹) | 11.47 | (3.40) | 13.26 | 15.39 | 7.71 | (2.84) | 8.91 | 14.51 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 957 | 805 | 673 | 612 | 548 | 475 | 372 |
| Revenue growth | +18.9% | +19.6% | +9.9% | +11.7% | +15.5% | +27.7% | - |
| Other income | 12.71 | 4.65 | 2.97 | 8.84 | 3.91 | 0.27 | 7.24 |
| Total expenses | 881 | 737 | 617 | 565 | 501 | 418 | 332 |
| Employee cost | 75.50 | 63.95 | 54.86 | 48.82 | 43.32 | 46.03 | 37.85 |
| EBITDA | 76.15 | 67.65 | 55.45 | 47.77 | 46.66 | 56.76 | 39.78 |
| EBITDA margin | +8.0% | +8.4% | +8.2% | +7.8% | +8.5% | +12.0% | +10.7% |
| Depreciation | 10.85 | 9.34 | 7.74 | 7.84 | 5.78 | 6.44 | 5.36 |
| Interest | 17.72 | 18.57 | 22.29 | 23.41 | 24.50 | 25.97 | 25.54 |
| Profit before tax | 60.29 | 44.39 | 28.39 | 25.36 | 20.29 | 24.62 | 16.12 |
| Tax | 17.92 | 10.90 | 9.99 | 9.43 | 7.34 | 7.44 | 7.47 |
| Net profit | 39.58 | 33.44 | 19.43 | 17.15 | 13.29 | 17.95 | 11.15 |
| Net profit margin | +4.1% | +4.2% | +2.9% | +2.8% | +2.4% | +3.8% | +3.0% |
| EPS (₹) | 32.95 | 26.16 | 14.94 | 13.17 | 10.22 | 13.81 | 7.49 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 13.00 | 13.00 | 13.00 | 13.00 | 13.00 | 13.00 | 13.00 |
| Reserves & surplus | 321 | 277 | 247 | 230 | 211 | 198 | 181 |
| Shareholders' funds (net worth) | 334 | 290 | 260 | 243 | 224 | 211 | 194 |
| Minority interest | 3.73 | 3.86 | 4.29 | 4.30 | 5.55 | 7.02 | 8.83 |
| Secured loans | 19.90 | 11.79 | 51.88 | 77.27 | 87.48 | 118 | 124 |
| Unsecured loans | 35.82 | 36.84 | 21.67 | 22.43 | 24.81 | 25.09 | 26.16 |
| Total debt | 55.72 | 48.63 | 73.55 | 99.70 | 112 | 143 | 150 |
| Total liabilities | 401 | 350 | 341 | 349 | 345 | 364 | 360 |
| Assets | |||||||
| Gross block | 184 | 169 | 152 | 127 | 118 | 99.50 | 86.33 |
| Net block | 116 | 110 | 96.07 | 75.08 | 67.74 | 54.87 | 47.96 |
| Capital work in progress | 40.31 | 9.60 | 1.63 | 0.00 | 0.00 | 12.84 | 12.11 |
| Investments | 83.80 | 66.98 | 63.25 | 62.30 | 57.46 | 56.85 | 59.43 |
| Inventories | 144 | 133 | 126 | 144 | 147 | 141 | 138 |
| Sundry debtors | 92.30 | 118 | 113 | 118 | 118 | 123 | 116 |
| Cash & bank balances | 29.66 | 32.93 | 6.13 | 4.78 | 3.14 | 4.10 | 4.07 |
| Loans & advances | 133 | 111 | 111 | 116 | 115 | 108 | 109 |
| Total current assets | 398 | 395 | 357 | 382 | 384 | 376 | 368 |
| Total current liabilities | 225 | 221 | 167 | 161 | 159 | 132 | 122 |
| Net working capital | 174 | 174 | 190 | 221 | 225 | 244 | 245 |
| Total assets | 401 | 350 | 341 | 349 | 345 | 364 | 360 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 28.58 | 2.43 | 1.86 | 0.71 | 0.69 | 0.77 | 4.48 |
| Net cash from operating activities | 86.08 | 104 | 76.54 | 54.50 | 68.74 | 56.49 | 58.84 |
| Net cash from investing activities | (77.72) | (33.57) | (26.23) | (16.36) | (12.68) | (14.00) | (41.13) |
| Net cash from financing activities | (12.18) | (44.78) | (49.73) | (37.00) | (56.03) | (42.57) | (21.42) |
| Net change in cash | (3.82) | 26.15 | 0.57 | 1.14 | 0.03 | (0.08) | (3.71) |
| Closing cash | 29.66 | 32.93 | 6.13 | 4.78 | 3.14 | 4.10 | 4.07 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | +18.9% | +19.6% | +9.9% | +11.7% | +15.5% | +27.7% | - |
| EBITDA growth | +12.6% | +22.0% | +16.1% | +2.4% | -17.8% | +42.7% | - |
| PBT growth | +35.8% | +56.4% | +12.0% | +25.0% | -17.6% | +52.7% | +3.7% |
| Net income growth | +18.4% | +72.1% | +13.3% | +29.0% | -26.0% | +61.0% | - |
| Revenue CAGR (3Y) | +16.0% | +13.7% | +12.4% | +18.1% | +19.6% | +11.0% | +7.4% |
| EBITDA CAGR (3Y) | +16.8% | +13.2% | -0.8% | +6.3% | +2.3% | +7.4% | +0.7% |
| Profitability & leverage | |||||||
| Net income margin | +4.4% | +4.2% | +2.7% | +2.6% | +2.4% | +3.6% | +2.3% |
| Return on capital employed | +21.0% | +18.4% | +14.9% | +14.3% | +12.9% | +14.3% | +12.4% |
| Return on net worth | +13.6% | +12.2% | +7.3% | +6.8% | +6.0% | +8.5% | +5.2% |
| Debt / equity | 0.17 | 0.22 | 0.34 | 0.45 | 0.59 | 0.72 | 0.84 |
| Long-term debt / equity | 0.11 | 0.11 | 0.10 | 0.09 | 0.08 | 0.07 | 0.07 |
| Interest cover | 27.14 | 31.85 | 46.72 | 58.63 | 59.93 | 51.61 | 74.20 |
| Efficiency & per share | |||||||
| Fixed asset turnover | 5.42 | 5.01 | 4.83 | 5.01 | 5.05 | 5.11 | 2.91 |
| Inventory turnover | 6.92 | 6.21 | 4.98 | 4.21 | 3.81 | 3.40 | 2.77 |
| Debtors turnover | 9.11 | 6.97 | 5.81 | 5.17 | 4.54 | 3.96 | 2.46 |
| EPS (₹) | 32.95 | 26.16 | 14.94 | 13.17 | 10.22 | 13.81 | 7.49 |
| Dividend per share (₹) | 2.50 | 1.20 | 1.00 | 1.00 | 0.80 | 0.80 | 0.50 |
| Book value per share (₹) | 257.12 | 222.68 | 200.20 | 186.75 | 172.44 | 161.92 | 149.35 |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 183 | 177 | 191 | 193 | 156 | 122 | 162 | 183 |
| Revenue growth (YoY) | +17.4% | +45.7% | +17.9% | +5.3% | +13.0% | - | - | - |
| Other income | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total expenses | 158 | 176 | 168 | 159 | 136 | 123 | 141 | 152 |
| EBITDA | 24.90 | 1.51 | 23.37 | 34.20 | 20.59 | (1.10) | 21.24 | 31.20 |
| EBITDA margin | +13.8% | +0.9% | +12.4% | +18.2% | +13.4% | -0.9% | +13.3% | +17.2% |
| Depreciation | 2.34 | 2.53 | 2.53 | 2.29 | 2.24 | 2.71 | 1.85 | 2.12 |
| Interest | 4.47 | 3.03 | 1.64 | 7.30 | 4.65 | 2.62 | 4.57 | 7.65 |
| Profit before tax | 18.09 | (4.05) | 19.20 | 24.61 | 13.70 | (6.43) | 14.82 | 21.43 |
| Tax | 4.47 | (0.56) | 4.90 | 6.22 | 4.52 | (1.81) | 3.02 | 4.33 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 918 | 779 | 664 | 610 | 548 | 474 | 372 |
| Revenue growth | +17.9% | +17.2% | +8.9% | +11.4% | +15.4% | +27.7% | - |
| Other income | 16.08 | 7.71 | 6.34 | 13.28 | 8.83 | 5.23 | 12.16 |
| Total expenses | 854 | 719 | 609 | 563 | 500 | 417 | 330 |
| Employee cost | 74.90 | 62.58 | 54.05 | 48.21 | 42.99 | 38.66 | 37.71 |
| EBITDA | 63.58 | 59.47 | 54.89 | 46.82 | 47.68 | 57.18 | 41.82 |
| EBITDA margin | +6.9% | +7.6% | +8.3% | +7.7% | +8.7% | +12.1% | +11.3% |
| Depreciation | 9.59 | 8.31 | 7.43 | 7.62 | 5.65 | 6.38 | 5.36 |
| Interest | 16.62 | 17.66 | 21.99 | 23.14 | 24.30 | 25.93 | 25.52 |
| Profit before tax | 53.45 | 41.21 | 31.81 | 29.34 | 26.56 | 30.10 | 23.10 |
| Tax | 15.08 | 8.95 | 10.00 | 9.12 | 7.52 | 7.44 | 7.47 |
| Net profit | 35.21 | 31.76 | 21.81 | 20.24 | 19.03 | 22.64 | 16.30 |
| Net profit margin | +3.8% | +4.1% | +3.3% | +3.3% | +3.5% | +4.8% | +4.4% |
| EPS (₹) | 29.51 | 24.80 | 16.77 | 15.56 | 14.63 | 17.41 | 12.00 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 13.00 | 13.00 | 13.00 | 13.00 | 13.00 | 13.00 | 13.00 |
| Reserves & surplus | 299 | 262 | 235 | 214 | 196 | 178 | 155 |
| Shareholders' funds (net worth) | 312 | 275 | 248 | 227 | 209 | 191 | 168 |
| Secured loans | 20.86 | 18.13 | 45.26 | 76.14 | 85.56 | 122 | 124 |
| Unsecured loans | 21.60 | 21.18 | 19.46 | 21.56 | 24.50 | 20.24 | 26.10 |
| Total debt | 42.46 | 39.31 | 64.72 | 97.70 | 110 | 142 | 150 |
| Total liabilities | 362 | 322 | 315 | 328 | 321 | 336 | 325 |
| Assets | |||||||
| Gross block | 161 | 149 | 133 | 121 | 114 | 98.89 | 86.33 |
| Net block | 96.56 | 91.62 | 77.22 | 69.59 | 64.52 | 54.42 | 47.96 |
| Capital work in progress | 40.31 | 9.60 | 1.63 | 0.00 | 0.00 | 12.21 | 12.11 |
| Investments | 47.77 | 30.93 | 28.76 | 22.77 | 20.28 | 20.28 | 20.28 |
| Inventories | 129 | 122 | 124 | 143 | 147 | 141 | 138 |
| Sundry debtors | 87.45 | 113 | 107 | 108 | 106 | 109 | 102 |
| Cash & bank balances | 29.58 | 32.77 | 4.41 | 4.27 | 3.09 | 3.85 | 3.78 |
| Loans & advances | 160 | 147 | 149 | 150 | 146 | 135 | 131 |
| Total current assets | 406 | 415 | 384 | 405 | 401 | 389 | 374 |
| Total current liabilities | 221 | 218 | 166 | 161 | 159 | 134 | 125 |
| Net working capital | 185 | 198 | 217 | 244 | 242 | 254 | 249 |
| Total assets | 362 | 322 | 315 | 328 | 321 | 336 | 325 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 28.43 | 0.72 | 1.35 | 0.66 | 0.44 | 0.48 | 4.13 |
| Net cash from operating activities | 81.28 | 99.93 | 73.58 | 52.68 | 65.99 | 55.25 | 57.43 |
| Net cash from investing activities | (69.98) | (27.86) | (17.93) | (15.46) | (8.21) | (12.29) | (23.94) |
| Net cash from financing activities | (15.03) | (44.37) | (56.28) | (36.53) | (57.56) | (43.00) | (37.14) |
| Net change in cash | (3.73) | 27.70 | (0.63) | 0.69 | 0.22 | (0.04) | (3.64) |
| Closing cash | 29.58 | 32.77 | 4.41 | 4.27 | 3.09 | 3.85 | 3.78 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | +17.9% | +17.2% | +8.9% | +11.4% | +15.4% | +27.7% | - |
| EBITDA growth | +6.9% | +8.3% | +17.2% | -1.8% | -16.6% | +36.7% | - |
| PBT growth | +29.7% | +29.6% | +8.4% | +10.5% | -11.8% | +30.3% | +1.6% |
| Net income growth | +10.9% | +45.6% | +7.8% | +6.4% | -16.0% | +38.9% | - |
| Revenue CAGR (3Y) | +14.6% | +12.5% | +11.9% | +18.0% | +19.6% | +14.5% | +12.0% |
| EBITDA CAGR (3Y) | +10.7% | +7.6% | -1.4% | +3.8% | +1.9% | +8.6% | +1.6% |
| Profitability & leverage | |||||||
| Net income margin | +4.2% | +4.1% | +3.3% | +3.3% | +3.5% | +4.8% | +4.2% |
| Return on capital employed | +20.5% | +18.5% | +16.7% | +16.2% | +15.5% | +16.9% | +15.1% |
| Return on net worth | +13.1% | +12.4% | +9.2% | +9.3% | +9.5% | +12.6% | +9.6% |
| Debt / equity | 0.14 | 0.20 | 0.34 | 0.48 | 0.63 | 0.82 | 0.96 |
| Long-term debt / equity | 0.10 | 0.10 | 0.09 | 0.09 | 0.08 | 0.08 | 0.08 |
| Interest cover | 30.78 | 34.52 | 46.33 | 59.03 | 57.82 | 51.04 | 69.99 |
| Efficiency & per share | |||||||
| Fixed asset turnover | 5.91 | 5.52 | 5.24 | 5.19 | 5.13 | 5.12 | 4.69 |
| Inventory turnover | 7.29 | 6.32 | 4.98 | 4.22 | 3.81 | 3.40 | 2.77 |
| Debtors turnover | 9.14 | 7.08 | 6.20 | 5.71 | 5.10 | 4.51 | 3.70 |
| EPS (₹) | 29.51 | 24.80 | 16.77 | 15.56 | 14.63 | 17.41 | 12.00 |
| Dividend per share (₹) | 2.50 | 1.20 | 1.00 | 1.00 | 0.80 | 0.80 | 0.50 |
| Book value per share (₹) | 240.05 | 211.09 | 190.54 | 174.91 | 160.45 | 146.51 | 129.32 |
To see the full year-wise statements and ratios of Aries Agro Limited (CN), buy the company report.
Board of directors of Aries Agro Limited (CN)
Aries Agro Limited (CN) has 6 current directors and 10 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Nitya Mirchandani | Director | 30 May 2014 | 12 Years 4 Months | Current |
| Nrupang Bhumitra Dholakia Also directs: Dholakia & Associates LLP, Rapicut Carbides Limited, Mruga Corporate Services Limited and 1 more | Director | 15 Mar 2022 | 4 Years 7 Months | Current |
| Rahul Mirchandani | Managing Director | 02 Feb 1994 | 32 Years 8 Months | Current |
| Ramamurthy Sundaresan | Director | 14 Feb 2025 | 1 Years 8 Months | Current |
| Shailesh Ramesh Karnik Also directs: Terrasequest Private Limited | Director | 14 Aug 2024 | 2 Years 2 Months | Current |
| Balasubramaniam R V Iyer | Director | 01 Feb 2024 | 2 Years 8 Months | Current |
Auditor
Aries Agro Limited (CN) is audited by KIRTI D. SHAH & ASSOCIATES for the financial year 2024.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| KIRTI D. SHAH & ASSOCIATES | FY 2024 | 115133W |
Shareholding
Shareholding for the quarter ended Sep 2026: promoters hold 52.70%, foreign institutional investors hold 3.10%, domestic institutional investors hold 0.10% and retail and other public shareholders hold 44.20%.
| Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | |
|---|---|---|---|---|
| Promoters | 52.70% | 52.70% | 52.70% | 52.70% |
| Public | 47.30% | 47.30% | 47.30% | 47.30% |
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 05 Jun 2026 | 101318271 | Hdfc Bank Limited | ₹7.29 Lakh | Open | |
| 16 May 2026 | 101305286 | Hdfc Bank Limited | ₹12.35 Lakh | Open | |
| 24 Dec 2025 | 101225026 | Hdfc Bank Limited | ₹9.83 Lakh | Open | |
| 24 Dec 2025 | 101247516 | Hdfc Bank Limited | ₹9.65 Lakh | Open | |
| 22 Dec 2025 | 101218330 | Hdfc Bank Limited | ₹7.73 Lakh | Open |
To see the full charge records of Aries Agro Limited (CN), buy the company report.
Total charge records: 296 View all charges
Legal cases
Aries Agro Limited (CN) has 324 court cases on record: 221 filed by Aries Agro Limited (CN), 103 filed against it. 61 cases are pending and 263 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 275 | 89 | 54 |
| High courts | 48 | 13 | 7 |
| Supreme Court | 1 | 1 | 0 |
Cases on record (5 of 324)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Delhi | Commercial suit | Filed by the company against Indiamart Intermesh Limited & Ors. | Pending |
| Bombay High Court | Arbitration matter | Filed by the company against Tata Capital Limited and 1 other | Disposed |
| District court, Kurnool, Andhra Pradesh | Criminal complaint | Filed against the company | Pending |
| District court, Jhalawar, Rajasthan | Criminal case | Filed against the company by State App | Pending |
| District court, GANDHINAGAR, Gujarat | Court case (AGRMNT LC) | Filed against the company by an individual | Pending |
To see the full case history of Aries Agro Limited (CN), 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
Aries Agro Limited (CN) has 14 MSME Form 1 returns on record between 2019 and 2024, listing 1,075 overdue payments to 224 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (5 of 224)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Gir Movers Private Limited | |||
| Neelikon Food Dyes and Chemicals Limited | |||
| Imperial Sales Corporation | |||
| Sap Global Logistics | |||
| Upper India Inorganic Industries Limited |
To see the full MSME payment records of Aries Agro Limited (CN), buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Group structure & subsidiaries
Aries Agro Limited (CN) has 2 subsidiary companies. This group structure data is as of FY 2024. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Aries Agro Equipments Private Limited | U01403MH2007PTC166972 | |
| Mirabelle Agro Manufacturing Private Limited | U24303MH2019PTC335076 |
To see the full group structure of Aries Agro Limited (CN), buy the company report.
GST
Aries Agro Limited (CN) has 23 GST registrations: 21 active and 2 cancelled or inactive. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACA5035G1Z1 | Maharashtra | Active | 01 Jul 2017 |
| 27AAACA5035G2Z0 | Maharashtra | Active | 01 Apr 2025 |
| 03AAACA5035G1ZB | Punjab | Active | 01 Jul 2017 |
| 05AAACA5035G1Z7 | Uttarakhand | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Aries Agro Limited (CN), buy the company report.
Recent activity
Aries Agro Limited (CN) has 24 board changes on record since 1969: 15 appointments and 9 cessations. The latest: Ramamurthy Sundaresan was appointed as Director on 14 Feb 2025.
344 earlier events are in the company report.
News
Frequently asked questions
Aries Agro Limited (CN) is an active public limited company based in Mumbai, Maharashtra, India. The company works in fertilizers and soil enhancers, within the agriculture industry. It was incorporated on 27 November 1969 (57+ years old) and is registered under CIN L99999MH1969PLC014465. Listed on BSE: 532935 and NSE: ARIES.
Aries Agro Limited (CN) reported revenue of ₹956.88 Cr for FY 2025-26 (up 18.9% YoY) based on consolidated financials.
Aries Agro Limited (CN) has 6 current directors:
- Rahul Mirchandani - Managing Director
- Nitya Mirchandani - Director
- Nrupang Bhumitra Dholakia - Director
- Ramamurthy Sundaresan - Director
- Shailesh Ramesh Karnik - Director
- Balasubramaniam R V Iyer - Director
The latest financial statements of Aries Agro Limited (CN) on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 26 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Aries Agro Limited (CN) is 27AAACA5035G1Z1, registered in Maharashtra. The company has 23 GST registrations in all, of which 21 are active and 2 are cancelled or inactive. Other active GSTINs include 27AAACA5035G2Z0 (Maharashtra), 03AAACA5035G1ZB (Punjab), 05AAACA5035G1Z7 (Uttarakhand).
The CIN (Corporate Identification Number) of Aries Agro Limited (CN) is L99999MH1969PLC014465. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Yes. Aries Agro Limited (CN) is a listed company as per MCA records. Its shares are listed on both BSE (code: 532935) and NSE (symbol: ARIES).
Aries Agro Limited (CN) has 324 court cases on record: 221 filed by the company and 103 filed against it. 61 are pending. Most are in the district courts.
Aries Agro Limited (CN) was incorporated on 27 November 1969, making it 57+ years old. It is registered with the Registrar of Companies, Mumbai.
Ramamurthy Sundaresan was appointed as Director on 14 Feb 2025. Jimmy Mirchandani ceased to be Director on 27 Jan 2025. Siva Subra Ramaratnam Mani ceased to be Director on 26 Sep 2024. Aries Agro Limited (CN) has 24 board changes on record in total.
Aries Agro Limited (CN) has 14 MSME Form 1 returns on record between 2019 and 2024, listing 1,075 overdue payments to 224 micro and small suppliers. The latest return was filed on 25 Apr 2024.