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Aartech Solonics Limited (AARTECH) Fair Value & Analysis

Industrials · IN · Market cap ₹1.5B

AS Aartech Solonics Limited AARTECH · NSE
Price₹50.23
Fair Value₹21.46
Upside-57.3%
Quality52/100
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Expensive Growth
Thin margins · 9.9% net margin
Low debt · negative free cash flow
Mixed vs. peers (6/13)
Moderate moat 45/100
Evidence: High Range ₹8.87 – ₹27.90 Share as image

Fair value as of: Aug 13, 2026

From 17 valuation models · updated 3 days ago

Share price +2.4% over the past month.

A solid business, but screening 57% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (₹27.90). The favourable scenario is already priced in.
  • The model range is unusually wide (₹8.87 to ₹27.90). The outcome hinges heavily on assumptions, so read the point estimate with caution.
  • Solid but not exceptional quality (52/100) and above fair value, neither a clear bargain nor a standout compounder.
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Price vs Fair Value (3 years)

₹171.16 ₹34.80 Fair Value ₹21.46 Jul 2023 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.

How to read this chart

37‑month range ₹34.80 – ₹171.16 · fair‑value band ₹8.87 – ₹27.90 · the ₹50.23 price screens above the ₹21.46 fair value. Dashed = 300-day average. As of Aug 13, 2026.

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Analysis

Aartech Solonics Limited (AARTECH) currently trades at ₹50.23, while our model-based Fair Value estimate is ₹21.46, implying the stock looks roughly 57.3% overvalued today. The Quality Score stands at 52/100 (solid quality), in the Industrials sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).

Over the trailing twelve months, Aartech Solonics Limited generated revenue of ₹409M at a net margin of 9.9%. Revenue grew 65.5% year over year. It earns a return on equity of 11.9%. Net debt stands at ₹21.7M. Fundamentals as of Aug 13, 2026

Our scenario range runs from ₹8.87 (bear case) to ₹27.90 (bull case); at ₹50.23, the current price sits above that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 34% below its 52-week high and 50% above its 52-week low, currently above its 200-day average. For context, the median of 10 Industrials peers we cover trades at -65% fair-value upside, at -57%, AARTECH screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model Bear Bear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull Bull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. Evidence
Highest evidence
Residual Income ₹9.46 ₹10.57 ₹16.99 76
ROIC Compounder ₹9.66 ₹10.83 ₹12.86 72
Gordon GGM ₹0.9700 ₹1.75 ₹2.41 70
All 17 models by family
DCF Models
Owner Earnings ₹16.74 ₹30.89 ₹55.31 31
Earnings-Based
Graham-Dodd ₹8.67 ₹52.56 ₹73.29 54
Lynch FV ₹15.02 ₹21.46 ₹27.90 50
PEG = 1.0 ₹15.02 ₹21.46 ₹27.90 46
EPV ₹9.66 ₹10.83 ₹11.81 59
Dividend Discount
Gordon GGM ₹0.9700 ₹1.75 ₹2.41 70
DDM Multi-Stage ₹0.9700 ₹1.60 ₹1.87 61
Multiples
P/E Multiple ₹20.07 ₹26.76 ₹33.45 63
P/S Multiple ₹16.25 ₹21.66 ₹27.08 58
P/B Multiple ₹16.25 ₹21.66 ₹27.08 55
EV/EBIT ₹23.62 ₹31.13 ₹38.64 53
EV/EBITDA ₹19.91 ₹26.19 ₹32.46 54
EV/Revenue ₹17.17 ₹24.06 ₹30.95 43
Asset-Based
NCAV (Graham) ₹5.52 ₹7.40 ₹11.05 50
Economic Profit
Residual Income ₹9.46 ₹10.57 ₹16.99 76
ROIC Compounder ₹9.66 ₹10.83 ₹12.86 72
Growth Earnings
Growth-Adj P/E ₹21.73 ₹31.05 ₹40.36 68

Widest divergence: Growth Earnings (₹31.05) versus Dividend Discount (₹1.60). Highest evidence: Residual Income (76).

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Key figures & financial health

Revenue (TTM) ₹409M
Revenue growth (YoY) +65.5%
Net margin 9.9%
Return on equity 11.9%
Free cash flow −₹14.7M FY2026
P/E ratio 40.2
More key figures
Operating margin 7.8%
EPS (TTM) ₹1.25
EPS growth (YoY) -69.0%
Net debt ₹21.7M FY2026

Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 52/100

Of which business quality 50 · Market factors (momentum, volatility) 37

Profitability 51
Margins and returns on capital today
Quality Growth 51
Are margins and returns improving?
Cashflow 6
Earnings quality: real cash, not paper profit
Fin. Strength 76
Balance sheet, leverage, solvency risk
Investment 70
Disciplined investing over empire-building
Low Volatility 41
Calm price path (market factor)
Momentum 41
Price trend over the last 3–12 months (market factor)
52W Momentum 26
Distance to the 52-week high (market factor)
Net Issuance 63
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

Aartech Solonics Limited operates as a system solution oriented research and development enterprise in the field of specialized and selected energy appliances in India and internationally.

Full company description

Aartech Solonics Limited operates as a system solution oriented research and development enterprise in the field of specialized and selected energy appliances in India and internationally. The company's product portfolio includes BTS 2000, a fast bus transfer system; control and relay panels, including main and auxiliary relays, annunciation relays, fuses, switches, wiring, terminal blocks; kranking ultracapacitors, built for engine cranking tasks; CLIP fault current limiters; best case; AC and DC UPS; flywheel, a mechanical energy storage device; load checker, a system for cutting off the mains supply if it detects excessive current; solar design and engineering services; and solid waste treatment. The company serves renewable and non-renewable energy, power T&D, heavy engineering, defense and exploration, healthcare, IT & telecom, waste management, non-renewables, and transportation industries. Aartech Solonics Limited was incorporated in 1982 and is based in Bhopal, India.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

Aartech Solonics Limited reported revenue of ₹409M in FY2026 versus ₹163M in FY2022, a compound +25.8%/yr. Reported net income was ₹40.5M in FY2026, compounding +9.7%/yr from FY2022.

Growth Quality 58/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2026)
₹409M
Latest YoY
+12.5%
Avg. growth/yr (3Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+23.5%
Avg. growth/yr (5Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+30.1%
Avg. growth/yr (12Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+13.6%
Revenue +25.8%/yr
FY22 ₹163M
FY23 ₹217M
FY24 ₹327M
FY25 ₹364M
FY26 ₹409M
Net income +9.7%/yr
FY22 ₹28.0M
FY23 ₹14.2M
FY24 ₹13.2M
FY25 ₹27.3M
FY26 ₹40.5M

AARTECH screens 57% overvalued. Compare with Contemporary Amperex Technology Co →

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Cite: Fair Value Calculator (2026). "Aartech Solonics Limited Fair Value". https://www.fairvalue-calculator.com/stock/AARTECH

Peer Group

Electrical Equipment & Parts · 527 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Quality Score 52 · Below median
Fair Value upside −57% · Below median
Return on equity (TTM) 12% · Above median
Return on assets 8% · Top 25%
Net margin (TTM) 10% · Above median
Operating margin (TTM) 8% · Above median
Revenue growth 66% · Top 25%
Dividend yield (TTM) 0.3% · Bottom 25%

Valuation Multiples vs Electrical Equipment & Parts median · lower = cheaper

P/E (TTM) 40.2× · Pricier than median
P/B 4.36× · Pricier than median
P/S (TTM) 3.75× · Pricier than median
EV/EBITDA 24.4× · Pricier than median

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 0 · sector 0
FUTURE 100 · sector 57
PAST 48 · sector 26
HEALTH 100 · sector 97
DIVIDEND 5 · sector 23

VALUE 0: the price sits above our fair-value range.

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Electrical Equipment & Parts stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).

Stock Price Fair Value vs Fair Value
Contemporary Amperex Technology Co 3750 HK$652.50 HK$394.19 -40%
Delta Electronics (Thailand) Public Company DELTA 269.00 THB 40.28 THB -85%
LG Energy Solution, Ltd 373220 365,500 KRW 201,455 KRW -45%
WEG S.A WEGE3 14,900 ARS 4,338 ARS -71%
Sungrow Power Supply Co 300274 ¥117.53 ¥123.83 +5%
HD Hyundai Electric Co 267260 782,000 KRW 371,133 KRW -53%
LS ELECTRIC Co 010120 208,500 KRW 29,594 KRW -86%
Hyosung Heavy Industries Corporation 298040 2,892,000 KRW 1,013,099 KRW -65%
Hitachi Energy India Limited POWERINDIA ₹35,800 ₹6,106 -83%
Polycab India Limited POLYCAB ₹9,289 ₹3,218 -65%

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Frequently asked questions

Is Aartech Solonics Limited (AARTECH) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of ₹21.46 versus a price of ₹50.23, about −57% (overvalued).
What is the fair value of AARTECH?
Our model-based fair value for Aartech Solonics Limited is ₹21.46 (as of Aug 13, 2026), built from audited fundamentals. The current price is ₹50.23.
What is the quality score of AARTECH?
Aartech Solonics Limited has a Quality Score of 52/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the revenue of Aartech Solonics Limited (AARTECH)?
Aartech Solonics Limited reported trailing-twelve-month revenue of about ₹409M (latest available figure, as of Aug 13, 2026).
What is the net profit margin of AARTECH?
The net profit margin of Aartech Solonics Limited is about 9.9%, meaning it keeps roughly 9.9% of revenue as net income. Based on the latest reported figures.

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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