AnnouncementSep 2026
Sep 2026 · Announcement under Regulation 30 (LODR)-Dividend Updates 5 Sep - Board approved 2.5% final dividend, remuneration revisions, and 44th AGM on September 29, 2026.
Source: Bse
Aartech Solonics Limited (AARTECH)
Small CapIndustrials stocks · Small cap · NSE
Aartech Solonics Limited operates in Control Panels, within the Industrials sector. Use the latest filing and company disclosures below to verify its revenue mix and current business drivers.
Data qualityFresh enough for analysisQuote updated 19 Oct, 03:31 pm ISTDetails
Quote19 Oct, 03:31 pm IST
Base fundamentals06 Oct 2026 · screener
Latest result13 Aug, 03:58 pm IST
Score20 Oct, 04:30 am IST · v4.3-runtime-valuation
Tags03 May 2026
Coverage14/14 · 100%
Valuation2026-07-20 · Rf 6.8% · Industrials P/E 26.2 (n=537)
Technical timing lens
Trend score and candlestick chart
38BearishSMA20 -2.6% / mo · MACD −
Stock trend: 29
Sector RS: 50
Sector 3M: -6.3% vs Nifty 500 -5.6%
Industrials FPI tailwindNot confirmed
Latest mapped FPI equity flow was not positive. View sector evidence
Technical chart
AARTECHD candles · FIT view-8.4%Latest close ₹45.82 on 2026-10-19
Bar
-4.4%
RSI
39
MACD hist
-0.28
52W pos
39%
2026-10-19O ₹47.91H ₹47.91L ₹43.85C ₹45.82Vol 23,486 sh
Up bar
Down bar
EMA 20
EMA 50
Volume + 20D avg
Result date
RSI(14)
MACD / signal
Market context
Relative performance and chart statistics
Adjusted completed-session prices, rebased to 100
AARTECHNifty India ManufacturingNifty 500
- AARTECH
- -5.4%
- Nifty 500
- -5.6%
- Nifty India Manufacturing
- -5.8%
- Vs Nifty 500
- +0.2 pp
Chart stats
19 Oct 2026- From 52W high
- -29.2%
- 52W range position
- 39%
- ATR (14)
- 5.8%
- Volume vs 20D
- 0.52x
- Avg traded value
- ₹0.2 Cr
- 20D price channel
- ₹43.9 - ₹53.9
₹64.8
₹33.5 - ₹64.8
₹2.7
Latest completed session
20-session average
32.5% annualized volatility
Research snapshot
What the evidence says now
Weak fundamentals, management evidence is still limited to a financial-only Trust Lite signal, price trend argues for patience, and recent execution is weak.
Suggested next step
Check latest quarters
Result consistency is weak; verify whether the thesis is improving or deteriorating.
U-Score
Legacy · WATCHLIST42
Fundamental lens: valuation, quality, growth, balance sheet, and cash flow.
Latest result
Excellent90
Revenue +68.0% · PAT +146.0% YoY
Technical
Bearish38
Price trend and sector-relative-strength timing.
Valuation
Legacy model+25.8%
Legacy margin-of-safety estimate; the revised evidence label remains in shadow validation.
Trust
Limited evidence71
Financial-only signal; management claim evidence is not sufficient yet.
Financials
Fundamentals, quarterly history, margins, returns and balance-sheet evidence
Financials
Fundamentals, quarterly history, margins, returns and balance-sheet evidence
Latest result
Quarter ended 30 Jun 2026
Excellent · 90/100Rev +68% YoY · PAT +146% YoY · margin expansion · operating leverage
Filed 13 Aug 2026
Open results browser →| Metric | This quarter | YoY | QoQ |
|---|---|---|---|
| Revenue | ₹7.3 Cr | +68.0% | -58.3% |
| EBITDA | ₹0.9 Cr | +1088.9% | -38.6% |
| Operating margin | 12.2% | +1428 bps | +391 bps |
| PAT | ₹1.6 Cr | +146.0% | +154.1% |
| PAT margin | 21.3% | +674 bps | +1777 bps |
NDF means not disclosed in the current structured filing feed. It is intentionally not treated as zero.
Fundamentals
Valuation
- P/E
- 27.70
- P/B
- 4.30
- EV/EBITDA
- 20.24
- Market Cap
- 148.00Cr
Profitability
- ROE
- 12.00%
- ROCE
- 17.90%
- ROA
- 9.66%
- Dividend Y
- 0.26%
Growth (CAGR)
- Revenue 5Y
- 30.00%
- EPS 5Y
- 188.00%
- Revenue 3Y
- 24.00%
- EPS 3Y
- 44.00%
Balance Sheet
- Debt/Equity
- 0.16
- Interest Coverage
- 9.43×
- Altman Z
- 7.83
- Book Value
- 11.00
Cash Flow
- FCF Yield
- 1.35%
- FCF Positive Y
- 4/5
- OCF
- -0.75 Cr
- EPS TTM
- 1.57
Shareholding
- Promoter Hold
- 52.75%
- Promoter Pledge
- 0.00%
- Momentum 52W
- 44%
Financial History
Updated 19/10/2026
Revenue
₹ CrLatest: 7.3-58.2% vs prev
Net Profit
₹ CrLatest: 1.6+154.1% vs prev
ROE is shown only in the Annual view — quarterly equity data isn't published.
Technicals
Trend interpretation, Stage 2, relative strength, volume and indicator evidence
Technicals
Trend interpretation, Stage 2, relative strength, volume and indicator evidence
Daily technical trend read
Mixed signalsSignals are conflicting — long-term trend down. RSI 39. Wait for confirmation.
- Price below SMA200 (long-term downtrend) — short-term bounces likely countertrend.
- SMA20 falling (~2.6% over last month) — short-term momentum negative.
- RSI(14) at 39 — rising, no extreme reading.
- MACD below signal but histogram contracting — bearish momentum easing.
- 29% off 52W high · 37% above 52W low.
Mechanical read from the price + indicator series above. Not a recommendation — technical setups can reverse without warning, especially around earnings and macro events.
Nifty 500 leadership
Relative Strength & Trend Stage
39
RS percentile
Stage 1 Base / Transition
1M return
-10.7%
3M return
-5.4%
6M return
-9.7%
1Y return
-22.0%
RS 1D
0
RS 20D
-19
Sector rank
#2
Industry rank
#8
Stage evidence
- Price is within 2.4% of the 30-week proxy.
- The 30-week proxy changed +1.8% over 20 sessions.
- The moving-average structure does not confirm Stage 2 or Stage 4.
50-DMA
price below
200-DMA
price below
Sector
leading
Industry
leading
Relative-strength line vs Nifty 500 (base 100)
262 observations
19 Oct 2026Value 86.94-1.44%
RS vs Nifty 50087
Valuation & peers
U-Score 42 · legacy U-Score band WATCHLIST · valuation evidence and comparable companies
Valuation & peers
U-Score 42 · legacy U-Score band WATCHLIST · valuation evidence and comparable companies
WATCHLIST
Fundamental score breakdown
U band · WATCHLISTValuation6/30
Growth20/25
Quality8/20
Balance Sheet9/15
Cash Flow4/10
Piotroski
6/9 (+3)
Penalties
-8
Raw sum
42
Why this score?
Top U-Score contributors and drags from the latest stored fundamentals.
42/100 · legacy band WATCHLIST
Positive drivers
- Fair-value margin of safety is positive at 25.8%.
- Growth contributes 20/25 to the score.
- Balance sheet contributes 9/15 to the score.
Main drags
- Penalty bucket subtracts 8 points.
- Valuation is weaker at 6/30; verify the latest quarterly trend.
- Quality is weaker at 8/20; verify the latest quarterly trend.
Sector valuation model
Blended valuation: PE, EV/EBITDA, FCF yield, and balance-sheet checks
For this sector, IndiaPulse uses a blended lens rather than relying on a single valuation ratio.
Primary lens
PE, EV/EBITDA, margin of safety, and FCF yield together.
Secondary checks
ROE/ROCE, growth, cash conversion, leverage, promoter risk.
Main risk check
One cheap metric is not enough if quality or cash flow is weak.
PE
27.7
PB
4.3
EV/EBITDA
20.2
ROE
12.0%
ROCE
17.9%
FCF Yield
1.4%
Debt/Equity
0.2
MoS
+25.8%
Score movement
Stored run vs live recompute
This shows the stored score trend when snapshots exist, and also compares the latest stored nightly score with a live recompute from current fundamentals and price.
Stored run: 20 Oct 2026
v4.3-runtime-valuation
Final score
42
Previous: 42
Legacy U-Score band
WATCHLIST
Previous: WATCHLIST
Margin of safety
+25.8%
Previous: +25.8%
Score history
12 stored score snapshots. Latest stored move: +2 points.
20 Oct 2026
v4.3-runtime-valuation
40
40
40
40
40
40
40
42
40
40
40
42
Factor attribution
No pillar movement versus the latest stored run. Historical score trend will appear after snapshot storage is enabled.
Modelled fair value
Graham Number
₹19.71
-132.4% MoS
Growth-justified P/E
39.3
Growth-justified Value
₹61.7
+25.8% MoS
PEG
0.21
Comparable companies
Peers
Business-comparable peers in Industrials — ranked by industry, sub-sector, theme-tag overlap, market cap, and U-Score similarity. Green cells mark the best available peer metric in this table.
Ticker
Name
Why peer
Score
PE
ROE
MoS
Verdict
SAAKSHI
SME
Saakshi Medtech and Panels Ltd.
Electrical Equipment
match 66
36
57.4
11.8%
-38%
WATCHLIST
RMC
Small
RMC Switchgears Limited
Electrical Equipment
match 56
66
10.1
18.8%
+76%
UNDERVALUED
REXPIPES
SME
Rex Pipes and Cables Industries Ltd.
Electrical Equipment
match 54
27
35.7
10.9%
+17%
OVERVALUED
DCG
SME
DCG Cables & Wires Ltd.
Electrical Equipment
match 54
51
15.5
10.4%
+62%
FAIR VALUE
TARAPUR
Small
Tarapur Transformers Limited
Electrical Equipment
match 52
17
—
—
—
OVERVALUED
Business, management & trust
Growth engines, risks, management commitments and evidence-backed delivery
Business, management & trust
Growth engines, risks, management commitments and evidence-backed delivery
Business and thesis
Issuer presentation review pending
Aartech Solonics Limited operates in Control Panels, within the Industrials sector. Use the latest filing and company disclosures below to verify its revenue mix and current business drivers. The structured result feed currently covers the quarter ended 30 Jun 2026. Investor presentations and earnings-call PDFs will be added as issuer-backed evidence before management claims appear here.
Trust Score
71Limited evidence · low confidenceTrust Lite
Trust asks: does management behaviour match later outcomes? Higher is better, but confidence and evidence depth matter as much as the number.
Limited evidence: Claim history is still being built. It ranks around the 66th percentile of the scored universe and 64th percentile within Industrials. Main check: results consistency is weak at 43/100.
This is a financial-behaviour screen, not a claim-tested management reliability verdict.
Computed 05 Sept 2026
management-trust-v1
9 docs text-extracted · 2 concalls text-extracted
Score band
Limited evidence
Financial behaviour is scored, but management claims do not yet have enough outcome checks.
Relative rank
66th percentile
overall median 67 · Industrials: 64th pctile, median 68 · Small: 69th pctile, median 66
Evidence depth
Financial-only
9 documents have extracted text, but claim history is not strong enough yet.
Claim delivery
Outcome history still building
0 claims extracted · No contradicted claim yet
How to read this Trust Score
Limited evidence · low confidenceWhat it measures
Reliability of management and financial delivery, using financial behaviour only.
Confidence
Treat this as an early read until more concalls and outcomes are matched.
Investor use
Acceptable, but check the weakest sub-score before increasing exposure.
Read Trust alongside U-Score, result consistency, and technical trend. A cheap stock with weak Trust needs a larger margin of safety; a high Trust score does not make an expensive stock attractive by itself.
Forensic breakdown
Read low sub-scores as due-diligence warnings, not automatic sell signals.
Promoter
78
strong · holding, pledge, alignment
Cash flow
62
acceptable · profit to cash conversion
Balance sheet
89
strong · leverage and solvency
Discipline
76
strong · capital discipline
Results
43
weak · quarterly consistency
Trust positives
- ▸Promoter pledge is zero.
- ▸FCF yield is positive at 1.3%.
- ▸4 years of positive FCF.
- ▸3/4 latest quarters had positive YoY revenue growth.
Trust risks
- ▸Operating cash flow is negative at ₹-1 Cr.
- ▸2 latest quarters had PAT decline worse than 25% YoY.
- ▸OPM spread across recent quarters is 50.5%.
Trust Lite uses financial behaviour only. Prefer claim-tested Trust when enough concall claims have later outcomes.
Continue researching Aartech Solonics Limited
Important announcements & filings
Latest exchange and company disclosures found within the past two years.
Open source ↗
Annual report
Announcement under Regulation 30 (LODR)-Newspaper Publication 7 Sep - Company has completed the electronic dispatch of the Annual Report, including the Notice of the 44th Annual General Meeting of the Company for the Financial …
Source: Bse
Concall transcriptAug 2026
Aug 2026 · Transcript
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 11 Aug - Pursuant to Regulation 30 of the SEBI (LODR) Regulations, 2015, we would like to inform you that the Company ....
Source: Bse
Investor presentationJun 2026
Jun 2026 · PPT
Source: Bse
Concall transcriptJun 2026
Jun 2026 · Transcript
Source: Bse
AnnouncementJun 2026
Jun 2026 · Announcement under Regulation 30 (LODR)-Newspaper Publication 14 Aug - Submission of Newspaper Advertisement- Unaudited Standalone and Consolidated Financial Results of the Company for the First Quarter ended 30th June, 2026
Source: Bse
Investor presentationJun 2026
Jun 2026 · PPT
Source: Bse
Concall transcriptJun 2026
Jun 2026 · Transcript
Source: Bse
Announcement
Intimation Of Receipt Of Fire Insurance Claim Amount 27 May - Aartech Solonics received ₹1.84 crore insurance settlement for Mandideep factory fire losses.
Source: Bse
Annual report
Annual Report 2026
Source: Bse
Annual reportMar 2026
Mar 2026 · Annual Report 2026
Source: Bse
All information is for study purposes only. For investment decisions, consult your financial advisor. See Playbook for methodology.