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← CockpitCompetitor Analysis › AARTIDRUGS.NS Aarti Drugs LimitedOpen in the cockpit ↗

Aarti Drugs LimitedAARTIDRUGS.NSCompetitor analysis, valuation and peers

India · INR·Pharma & Healthcare›Pharmaceuticals: Major
Momentum leader 82
Mkt cap
$430M
US dollars, full cap
Free float
40%
of shares outstanding
$/day
$4.68M
20-day average traded
Fwd P/E
18.9×
forward earnings
ROIC−WACC
-3.0 pp
WACC 13.2%
Hurdle
+16 pp
Req g minus delivered
Next earnings
82 days
27 Jan 2027
Close · INR₹446.75
1D+0.4%
1W+2.6%
1M+7.0%
3M+8.7%
6M+12.3%
YTD+8.5%
1Y-11.0%
ATR %4.8%
Beta0.70
52w lowhigh16.3% off high

What Aarti Drugs does

Employees: 2,831

Aarti Drugs at a glance

Size Aarti Drugs (AARTIDRUGS.NS) is an India Health Care company (Pharmaceuticals: Major) with a market value of $430M, the 905th largest of 1,058 India companies the cockpit tracks. Shares closed at ₹446.75 on 6 Nov 2026.

Performance Over six months the shares gained 12.3%, against -13.2% for the median peer and 0.0% for the India market (cap-weighted) — 3rd highest of 20 in its peer set.

Growth Revenue grew 15.1% over the last twelve months (peer median +3.1%); the operating margin is 10.9% (peer median 2.4%).

Valuation It trades at 18.9× forward earnings against a peer median of 21.7× (3rd cheapest of 8).

Price implies For today's price to make sense, revenue must grow about 20% a year for seven years (Req g). Recent delivered growth is +3%, so the hurdle is +16 pp: the price needs faster growth than the company has been delivering — of companies that just grew 25–50% a year, 93.8% slowed down over the next four years.

Capital Return on invested capital runs 3.0 points below its cost of capital (13.2% WACC).

Next results Next results expected around 27 Jan 2027 (exchange calendar; dates can move).

Relative performance

10012011 May 202611 Aug 20266 Nov 2026AARTIDRUGS.NS 115Peer median 87
Six months, rebased to 100: Aarti Drugs against the median of its 20 peers (local-currency closes).

Aarti Drugs financials

Reported figures in INR; fiscal year ends 2026-03-31. TTM = trailing twelve months.
TTMFY2025FY2024FY2023FY2022
Revenue₹28.5B₹25.6B₹23.8B₹25.2B₹27.2B
Revenue growth—+7%-6%-7%—
Gross profit₹8.75B₹3.72B₹3.46B₹3.64B₹3.69B
EBITDA₹3.84B₹3.06B₹2.87B₹3.20B₹3.15B
Net income₹2.29B₹1.95B₹1.68B₹1.71B₹1.66B
Free cash flown/a₹491M₹462M₹1.04B-₹661M
Capital expendituren/a₹1.73B₹1.77B₹2.26B₹1.65B
Total debt₹6.20B₹5.77B₹6.15B₹5.64B₹6.09B

Quarterly statements and history in the cockpit →

Aarti Drugs competitor charts

The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.

Performance: 6-month against 1-month return

-50%-25%0%+25%+50%-20%0%+20%000931688399002868PHATPBYI0006404114RLMDASMB300636RPGLIFE300534002864HNSAAQSTGUFICBIOAARTIDRUGS.NS6-month return →1-month return →
Up and to the right = strong over both horizons. Aarti Drugs is the large dot.

Fundamentals: revenue growth against valuation

0%+25%+50%+75%20×40×000931PHATPBYI000640300636EOLS300452AARTIDRUGS.NSRevenue growth (TTM) →Forward P/E →
Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. Aarti Drugs is the large dot.

Capital: growth delivered against growth the price implies

-10%0%+10%+20%+30%0%20%000931PBYI0006404114300534300452002864AARTIDRUGS.NSGrowth delivered (Del g) →Growth the price implies (Req g, 7 yrs) →
Above the diagonal = the price needs more growth than the company has been delivering; below = the price already allows for a slowdown. Aarti Drugs is the large dot.

Aarti Drugs competitors and peer comparison

How Aarti Drugs compares with its peers

Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.

Aarti Drugs against its 20 peers (data as of 6 Nov 2026)
MeasureAARTIDRUGS.NSPeer medianRank in peer set
1-month return+7.0%-11.7%3rd highest of 21
6-month return+12.3%-13.2%3rd highest of 20
Distance from 52-week high-16.3%-33.9%3rd highest of 21
Revenue growth (TTM)+15.1%+3.1%4th highest of 19
Operating margin10.9%2.4%5th highest of 19
Forward P/E18.9×21.7×3rd cheapest of 8
Growth the price implies (Req g, 7 yrs)19.7%2.8%2nd most demanding of 8
Growth delivered (Del g)+3.5%+12.1%2nd lowest of 8
Hurdle (Req g minus delivered)+16.3 pp-8.7 ppmost demanding of 8
ROIC minus cost of capital-3.0 pp-0.5 pp7th lowest of 16
EV / EBITDA12.2×16.3×3rd cheapest of 9
Net debt / EBITDA1.6×0.2×4th most indebted of 9

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
CompanyMarketMarket cap6M returnRevenue growthOp. marginForward P/EReq gDelivered g
Aarti Drugs AARTIDRUGS.NSIndia$430M+12%+15%11%18.9×19.7%+3.5%
Beijing Centergate Technologies (Holding) 000931.SZChina$430M-20%-16%2%21.2×9.9%+6.7%
BlossomHill Therapeutics BLSMUnited States$429Mn/an/an/an/an/an/a
Jiangsu Bioperfectus Technologies 688399.SSChina$432M-44%-8%-23%n/an/an/a
Lifecome Biochemistry 002868.SZChina$428M-51%-24%-6%n/an/an/a
Phathom Pharmaceuticals PHATUnited States$427M-57%+87%-9%24.2×n/an/a
Puma Biotechnology PBYIUnited States$426M+10%-3%13%21.7×2.8%+0.3%
Dong-A Socio 000640.KSSouth Korea$425M-11%+10%7%7.6×-8.8%+12.8%
Synmosa Biopharma 4114.TWOTaiwan$442M+2%+11%11%n/a6.5%+15.3%
Relmada Therapeutics RLMDUnited States$416M-47%n/an/an/an/an/a
Assembly Biosciences ASMBUnited States$416M-31%+125%-12%n/an/an/a
Jiangxi Synergy Pharmaceutical 300636.SZChina$414M-16%-2%3%54.8×n/an/a
RPG Life Sciences RPGLIFE.NSIndia$448M+2%+12%18%n/an/an/a
Evolus EOLSUnited States$449M+7%+14%-7%27.4×n/an/a
Gansu Longshenrongfa Pharmaceutical Industry 300534.SZChina$450M+4%-21%8%n/a23.7%+28.2%
Shanghai Fudan Forward S&T 600624.SSChina$450M-4%-14%-34%n/an/an/a
Anhui Sunhere Pharmaceutical Excipients 300452.SZChina$412M-16%+9%19%14.4×-4.5%+12.1%
Shaanxi Panlong Pharmaceutical 002864.SZChina$411M-13%-9%9%n/a-0.4%+11.2%
Hansa Biopharma HNSA.STSweden$410M+39%-4%-304%n/an/an/a
Aquestive Therapeutics AQSTUnited States$454M-16%+13%-114%n/an/an/a
Gufic Biosciences GUFICBIO.NSIndia$454M+44%+17%14%n/an/an/a

Questions

Which companies are Aarti Drugs's closest peers?
The cockpit's peer set: Beijing Centergate Technologies (Holding) (000931.SZ), BlossomHill Therapeutics (BLSM), Jiangsu Bioperfectus Technologies (688399.SS), Lifecome Biochemistry (002868.SZ), Phathom Pharmaceuticals (PHAT), Puma Biotechnology (PBYI), Dong-A Socio (000640.KS), Synmosa Biopharma (4114.TWO).
Is Aarti Drugs expensive compared with its peers?
On forward p/e it trades at 18.9× against a peer median of 21.7×, 3rd cheapest of 8 in its peer set. For today's price to make sense, revenue must grow about 20% a year for seven years (Req g). Recent delivered growth is +3%, so the hurdle is +16 pp: the price needs faster growth than the company has been delivering — of companies that just grew 25–50% a year, 93.8% slowed down over the next four years.
How has Aarti Drugs stock performed?
Over six months to 6 Nov 2026 the shares returned +12.3% against -13.2% for the median peer; over one year -11.0%.

How these numbers are made. Returns are close-to-close in local currency. Revenue growth and margins are trailing twelve months. Req g is the revenue growth that today's enterprise value requires for seven years at the company's own cost of capital; Delivered g is what it actually grew; the gap is the hurdle (honest precision about ±8 points, so read the ranking more than the decimal). No fair values, price targets or analyst ratings are shown, by design. Method and validation.