Aarti Industries Limited — PPTs, 25-08-2025: Investor Presentation

Here is the summary:

1. **Business Performance:** Aarti Industries reported 17% volume growth in FY25, led by exports, yet revenue was flat at ~₹8050 Cr. EBITDA was muted by margin pressures. Agrochemicals faced headwinds, while pharma/dyes segments remained stable.

2. **Growth Drivers or Strategy:** Aggressive cost optimization (targeting ₹300-450 Cr EBITDA boost) is pursued via efficiency projects and hybrid power. Volume and margin ramp-ups in key products (Acid, Ethylation, MMA) aim to add ₹350-500 Cr. Long-term, expanding into new markets like battery materials is strategic.

3. **Recent Developments:** AIL commissioned Ethylation (30 kT), Nitro-toluene (45 kT) expansions, and completed MMA capacity to 260 kT (from Q1 FY26). New JVs for plastic recycling (Re Aarti) and specialty chemicals (Augene Chemical) target CY26 commissioning.

4. **Key Financial Metrics:** Working capital days improved from ~85 to ~60.

5. **Management Commentary / Outlook:** Management anticipates consistent volume growth and a ₹1000 Cr capex for FY26. They project FY28 EBITDA of ₹1800-2200 Cr, targeting Debt/EBITDA <2.5x and ROCE >15%.