₹445.2

▼ -23.38 -4.99%

As of 10 Sept 2026 · delayed

NSE Listed

ESM · ESM 1

What does ESM · ESM 1 mean?

BSE · Enhanced Surveillance Measure (ESM 1)ESM is the micro/small-cap ramp brake: it fires when a sub-₹1000cr stock's price variation is extreme versus its peer universe, or it's loss-making with a stretched valuation. Practical meaning: intraday speculation is shut off (Trade-for-Trade — every purchase must be taken to delivery), margins go to 100%, and at Stage II price discovery moves to periodic call auctions inside a 2% band.Criteria: Micro / small-cap companies (main-board market-cap below ₹500 cr) shortlisted on objective price parameters — high-low price variation, close-to-close price variation and standard deviation. Stage I = 100% margin + a ≤5% price band + Trade-for-Trade; Stage II = a 2% price band + periodic call auction.Exchange notice · 2026-09-07

NSE · Enhanced Surveillance Measure (ESM 1)ESM is the micro/small-cap ramp brake: it fires when a sub-₹1000cr stock's price variation is extreme versus its peer universe, or it's loss-making with a stretched valuation. Practical meaning: intraday speculation is shut off (Trade-for-Trade — every purchase must be taken to delivery), margins go to 100%, and at Stage II price discovery moves to periodic call auctions inside a 2% band.Criteria: Micro / small-cap companies (main-board market-cap below ₹500 cr) shortlisted on objective price parameters — high-low price variation, close-to-close price variation and standard deviation. Stage I = 100% margin + a ≤5% price band + Trade-for-Trade; Stage II = a 2% price band + periodic call auction.Exchange notice · 2026-09-07

Aries Agro Ltd. (ARIES)

Volume: 18,982Avg Vol 1W: 48,302Avg Vol 1M: 1,52,008.352W Range:₹285.35₹524.75

NSE BSE ariesagro.com AI Report

Key Ratios

Checked 2h ago

Market Cap₹609 Cr

Current Price₹445.2

Previous Close₹468.58

High / Low (52w)₹524.75 / ₹285.35

Volume18,982

Avg Vol (1W)48,302

Avg Vol (1M)1,52,008.3

Stock P/E12.76

Book Value₹257.13

Dividend Yield54%

ROE12.82%

ROA7.4%

Revenue (TTM)₹627 Cr

Revenue Growth20.5%

Profit Margin6.23%

Total Debt₹32 Cr

Shares Outstanding1 Cr

Face Value₹10

EPS (TTM)₹36.71

P/B1.81

Debt / Equity0.22

50 DMA₹394.59

200 DMA₹353.25

Day change-4.99%

SurveillanceESM · ESM 1

Price Chart

₹445.2▲ 6.44% · 1Y

2025-09-11

2026-09-10

20-day avg volume: 1.5L shares

Pros

Pays a dividend yield of 54.0%.
Company is almost debt-free.

Quarterly Results

Metric	Sept 2024	Dec 2024	Mar 2025	Jun 2025	Sept 2025	Dec 2025	Mar 2026	Jun 2026
Revenue	₹194 Cr	₹170 Cr	₹128 Cr	₹161 Cr	₹204 Cr	₹203 Cr	₹185 Cr	₹188 Cr
EBITDA	₹32 Cr	₹19 Cr	₹-2 Cr	₹19 Cr	₹36 Cr	₹26 Cr	₹-3 Cr	₹24 Cr
Net Profit	₹19 Cr	₹12 Cr	₹-4 Cr	₹10 Cr	₹20 Cr	₹17 Cr	₹-4 Cr	₹15 Cr
EPS	—	—	—	—	—	—	—	—

Profit & Loss (Annual)

Metric	Dec 2024	Mar 2025	Mar 2025	Jun 2025	Sept 2025	Dec 2025	Mar 2026	Jun 2026
Revenue	₹162 Cr	₹627 Cr	₹122 Cr	₹156 Cr	₹193 Cr	₹191 Cr	₹177 Cr	₹183 Cr
EBITDA	₹19 Cr	₹63 Cr	₹-4 Cr	₹18 Cr	₹32 Cr	₹21 Cr	₹-1 Cr	₹23 Cr
Net Profit	₹12 Cr	₹34 Cr	₹-5 Cr	₹9 Cr	₹18 Cr	₹14 Cr	₹-3 Cr	₹14 Cr
EPS	—	26.16	—	—	—	—	—	—

Balance Sheet

Metric	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Total Assets	₹494 Cr	₹487 Cr	₹501 Cr	₹509 Cr	₹520 Cr	₹517 Cr	₹581 Cr	₹639 Cr
Total Liabilities	₹281 Cr	₹284 Cr	₹283 Cr	₹279 Cr	₹273 Cr	₹253 Cr	₹288 Cr	₹301 Cr
Equity	₹213 Cr	₹203 Cr	₹218 Cr	₹230 Cr	₹247 Cr	₹265 Cr	₹293 Cr	₹334 Cr
Total Debt	—	—	—	—	—	—	—	₹56 Cr

Cash Flow

Metric	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Operating	₹52 Cr	₹66 Cr	₹63 Cr	₹76 Cr	₹60 Cr	₹86 Cr	₹115 Cr	₹86 Cr
Investing	₹-10 Cr	₹-41 Cr	₹-14 Cr	₹-13 Cr	₹-16 Cr	₹-26 Cr	₹-34 Cr	₹-78 Cr
Financing	₹-36 Cr	₹-21 Cr	₹-43 Cr	₹-56 Cr	₹-37 Cr	₹-50 Cr	₹-45 Cr	₹-12 Cr
Free Cash Flow	₹52 Cr	₹66 Cr	₹63 Cr	₹76 Cr	₹60 Cr	₹86 Cr	₹115 Cr	₹37 Cr

Shareholding

Promoter 52.66% Institutions 3.15% Public 44.19%

About Aries Agro Ltd.

Fertilizers · Fertilizers

Aries Agro Limited, together with its subsidiaries, engages in the manufacture and supply of micronutrients and other nutritional products for plants and animals. It offers plant protection, aqua culture and animal nutrition, water soluble NPK, organic and bio, high density input, crop specific, slow-release fertilizer pastilles, and other products, as well as nutrients for urban farms and gardens. The company also manufactures and sells chilly and spices, millets, teamin, soymin, coffeemin, maize, cotton, paddy, and betel vine special products; aries pro calcium chloride products; farm equipment and machinery; and mineral feed supplements. In addition, it provides hydroponics and consultancy services. Aries Agro Limited operates in India, Nepal, Brazil, the Philippines, the United Arab Emirates, Taiwan, Australia, Nigeria, New Zealand, and internationally. The company was incorporated in 1969 and is headquartered in Mumbai, India.

ariesagro.com ↗

Efficiency & Working Capital

ROCE20%

Interest Coverage3.4

Dividend Payout—

Debtor Days69 d

Inventory Days78 d

Payable Days31 d

Cash Conversion Cycle116 d

Working Capital Days147 d

Shareholding Details

As of 2026-06-30

Promoter52.7%

FII3.1%

DII0%

Institutions3.2%

Public44.2%

Promoter Pledge0%

No. of Shareholders18,136

Shareholding Pattern

Quarterly — figures in %. Latest 12 quarters.

Period	Sept 2023	Dec 2023	Mar 2024	Jun 2024	Sept 2024	Dec 2024	Mar 2025	Jun 2025	Sept 2025	Dec 2025	Mar 2026	Jun 2026
Promoters	52.7%	52.7%	52.7%	52.7%	52.7%	52.7%	52.7%	52.7%	52.7%	52.7%	52.7%	52.7%
FIIs	2.1%	2.4%	3.3%	3.1%	2.5%	3.4%	3%	4.3%	3.2%	2.9%	3.3%	3.1%
DIIs	0%	0%	0%	0%	0%	0%	0%	0.3%	0%	0%	0%	0%
Public	45.2%	45%	44.1%	44.3%	44.8%	44%	44.4%	42.8%	44.1%	44.4%	44.1%	44.2%
Promoter Pledge	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
No. of Shareholders	17,899	16,715	19,518	20,518	21,997	21,188	20,503	19,422	19,627	19,151	18,347	18,136

Returns History (ROE / ROCE / ROA)

Period	ROE	ROCE	ROA	P/E
202503	—	—	—	—

Major Shareholders (>1%)

Name	Category	Stake	Shares
Rahul Mirchandani	Shareholding of Promoter and Promoter Group	28.7%	37,28,275
Jimmy Mirchandani	Shareholding of Promoter and Promoter Group	20.2%	26,24,830
Akshay J Mirchandani	Shareholding of Promoter and Promoter Group	3.2%	4,21,175
Acadian Emerging Markets Micro-cap Equity Master Fund	Public Shareholding	2%	2,59,368
Prudent Equity	Public Shareholding	1.2%	1,59,318
Amol Mirchandani	Shareholding of Promoter and Promoter Group	0.5%	70,646
Nitya Mirchandani	Shareholding of Promoter and Promoter Group	0%	3,000

Board of Directors

Name	Designation	Year
Rahul Mirchandani	Chairman / Executive Director / M D / Promoter	2025
Nitya Mirchandani	Non Executive Director	2025
Nrupang Bhumitra Dholakia	Independent Non Exe. Director	2025
R. V. Balasubramaniam Iyer	Independent Non Exe. Director	2025
RAMAMURTHY SUNDARESAN	Non-Exec & Non-Independent Dir	2025
SHAILESH KARNIK RAMESH	Independent Director	2025
Armaan Mirchandani	Additional Director	2025
Qaiser P Ansari	Company Secretary / Chief Legal Officer	2025

Segments — Product

Segment	Revenue	Share
Agri Inputs	₹0 Cr	—

Capital Structure (₹ Cr)

Year	Face Value	Authorised	Issued	Paid-up
2025	₹10	15	13	13

Corporate Actions

Type	Date	Value	Remark
dividend	2026-09-22	₹1 (10%)	Special
dividend	2026-09-22	₹1.5 (15%)	Final
forthcoming	2026-09-22	Dividend	—
forthcoming	2026-08-11	Board Meetings	—
dividend	2025-09-19	₹1.2 (12%)	Final

Related-Party Transactions (₹ Cr)

Year	KMP	Total
2025	3	10
2025	3	3
2025	0	0

Insider / Designated-Person Trades

10 recent disclosure(s)

Dr. Rahul MirchandaniAcquisition · 90,000

Dr. Jimmy MirchandaniDisposal · 90,000

Dr. Rahul MirchandaniAcquisition · 90,000

Dr. Jimmy MirchandaniDisposal · 90,000

Substantial Acquisitions (SAST)

1 disclosure(s)

Transmission19/12/2025 · 1,80,000

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