About Ardee Industries
Ardee Industries is a publicly listed company based in Delhi (India) founded in 1995. Lead recycling, smelting, and manufacturing services focused on sustainability in India. The company has 446 employees. Its Indian entity Ardee Industries Limited reported revenue of ₹1,169 Cr. Ardee Industries offers products and services including Refined Pure Lead and Lead Alloys. Its focus areas include Metals and Mining, Recycling, Lead Recycling and Smelting and Processing.
Company details
Ardee Industries is recognized as a lead smelter and processor that specializes in high-quality lead alloys and operates a lead recycling facility to support global supply chains. Sustainability is emphasized through a closed-loop system that enhances environmental stewardship and ensures product quality. The company is headquartered in Nellore and maintains international stakeholder networks, adhering to regulations while processing lead for various industries such as batteries and roofing. Investments in eco-friendly technology are made to capture emissions and promote responsible recycling practices.
- Headquarters Delhi, India
- Employees 446
- Stage Public
- SectorsIndustrial Goods & Manufacturing
- Email••••••••
- Phone•••• ••••
- Legal Name Ardee Industries Limited
- 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
- ROE80.7%
ROCE 48.7%
- Debt / Equity1.67
Interest cover 17.7x
- Employee Count446
Associated legal entities of Ardee Industries
Ardee Industries operates through Ardee Industries Limited, a listed company (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2026) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Ardee Industries Limited Listed CIN U24294DL1993PLC405804 | Active | 16 Sep 1993 | New Delhi, Delhi | ₹1,169 Cr | 446 | 8 | View details |
Products & Services of Ardee Industries
Ardee Industries offers a comprehensive portfolio of products and services, including Refined Pure Lead and Lead Alloys.
Lead is refined to achieve purity levels of 99.97% to 99.985% for use in various industrial sectors.
Various lead alloys, including those with Antimony, Calcium, Cadmium, and Tin, are manufactured for applications in batteries and other industries.
Board of directors of Ardee Industries Limited (Ardee Industries)
Ardee Industries Limited is the primary company behind Ardee Industries. The board of Ardee Industries Limited currently have 6 directors; the longest-serving is Sandeep Aggarwal, appointed in 2021. 14 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Sandeep Aggarwal DIN 00251058 | Managing Director | 26 Apr 2021 | 5 yrs 6 mo | Ardee Industries Limited |
| Nikunj Aggarwal DIN 06909464 | Whole-time director | 26 Apr 2021 | 5 yrs 6 mo | Ardee Industries Limited |
| Esha Gupta DIN 09267009 | Whole-time director | 08 Mar 2025 | 1 yr 7 mo | Ardee Industries Limited |
| Archana Jain DIN 09171307 | Director | 30 Jun 2025 | 1 yr 3 mo | Ardee Industries Limited |
| Anand Tandon DIN 08036843 | Director | 18 Jul 2025 | 1 yr 3 mo | Ardee Industries Limited |
| Vivek Sarbhai DIN 01972612 | Director | 18 Jul 2025 | 1 yr 3 mo | Ardee Industries Limited |
IPO & Listings of Ardee Industries
Ardee Industries is a publicly listed company on the NSE with ticker symbol ARDEE in India, operating in the Non-energy minerals sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
- IPO date12 Aug 2026
- Listed onNSE: ARDEE
- Listed entityArdee Industries Limited
- Exchange sectorNon-energy minerals
- ISININE0XNF01022
- Share price₹48.36 (+0.23% on the day) · 2026-10-14
- Market capitalisation₹1,512 Cr
- Volume (last session)534,179
Financials of Ardee Industries
Exchange-reported figures of Ardee Industries Limited, the listed company behind Ardee Industries (NSE: ARDEE).
Financial Highlights
FY 2025-26 · StandaloneRevenue 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
| 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 |
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Frequently Asked Questions about Ardee Industries
Ardee Industries was founded in 1995.
Ardee Industries is headquartered in Delhi, India. It is registered at Delhi, Delhi, India.
Ardee Industries has 446 employees.
The primary company behind Ardee Industries, Ardee Industries Limited, reported revenue of ₹1,169 Cr for FY 2026, up 57% year on year.
Ardee Industries is recognized as a lead smelter and processor that specializes in high-quality lead alloys and operates a lead recycling facility to support global supply chains. Sustainability is emphasized through a closed-loop system that enhances environmental stewardship and ensures product quality. The company is headquartered in Nellore and maintains international stakeholder networks, adhering to regulations while processing lead for various industries such as batteries and roofing. Investments in eco-friendly technology are made to capture emissions and promote responsible recycling practices.
Ardee Industries offers Refined Pure Lead and Lead Alloys.
Yes, Ardee Industries is publicly traded on NSE under the ticker symbol ARDEE.
Ardee Industries operates through Ardee Industries Limited.
The legal entities of Ardee Industries currently have 8 directors, including Sandeep Aggarwal, Nikunj Aggarwal, Manish Kumar Rai and others.