Ardee Industries Limited share price
Ardee Industries Limited engages in the recovery and recycling of end-of-life energy storage products and non-ferrous scrap while claiming resources from waste streams. The company's products include pure lead and lead alloys comprising lead calcium, lead antimony, lead tin, lead silver, and lead cadmium alloys that applies in energy storage, e-mobility, automotive, chemical, and other industries. It operates in India, Singapore, Hong Kong, South Korea, Switzerland, United Arab Emirates, Japan, Saudi Arabia, and United States of America. The company was incorporated in 1993 and is based in New Delhi, India.Read more
- Market Cap₹ 1,507 Cr.
- Current Price₹ 47.81
- High / Low₹ 73 / 47
- Stock P/E17.6
- Book Value₹ 6
- Dividend Yield0.00 %
- ROCE76.4 %
- ROE80.70 %
- Face Value₹ 2.0
More figures (10)
- EPS (TTM)₹ 2.72
- Price / Book8.27
- OPM8.4 %
- Debt / Equity1.25
- Sales growth (3Y)39.4 %
- Profit growth (3Y)114.6 %
- Promoter holding72.7 %
- EV / EBITDA9.4
- Beta—
- All-time high₹ 73
Price chart
| Returns | 1M | 3M | 6M | YTD | 1Y | 3Y CAGR | 5Y CAGR |
|---|---|---|---|---|---|---|---|
| ARDEE | +0.82% | — | — | — | — | — | — |
| Nifty 50 | -0.31% | -3.85% | -4.34% | -11.42% | -9.53% | +5.46% | +4.76% |
Price returns only (dividends not included). Prices from NSE via Yahoo Finance; may be delayed.
Quick take
- Ardee Industries Limited is in the Metal Fabrication industry (Industrials), with a market value of ₹1,507 crore.
- It trades at 17.6 times its last 12 months' earnings and 8.3 times book value.
- Revenue grew 39.4% a year over the last 3 years, profit 114.6% a year.
- Return on equity was 80.7% and return on capital employed 76.4% in the latest year.
- Debt was 1.25 times shareholders' equity.
- The share price is 34.7% below its 52-week high.
- Promoters and insiders hold about 72.7%; institutions about 5.4%.
Pros
AI- Strong return on equity: 63.1% on average over the last 3 years.
Cons
AI- Borrowings are high at 1.25 times shareholders' equity.
- Trades at 8.3 times its book value.
- The company has not paid a dividend recently.
Pros and cons are generated automatically from the reported figures. They are observations, not a recommendation to buy or sell.
AI analysis
Plenitude AI reads the figures on this page and explains them in plain language. It does not say whether to buy or sell.
About Ardee Industries Limited
Ardee Industries Limited engages in the recovery and recycling of end-of-life energy storage products and non-ferrous scrap while claiming resources from waste streams. The company's products include pure lead and lead alloys comprising lead calcium, lead antimony, lead tin, lead silver, and lead cadmium alloys that applies in energy storage, e-mobility, automotive, chemical, and other industries. It operates in India, Singapore, Hong Kong, South Korea, Switzerland, United Arab Emirates, Japan, Saudi Arabia, and United States of America. The company was incorporated in 1993 and is based in New Delhi, India.
- Employees
- 243
- Head office
- New Delhi
Peer comparison
IndustrialsMetal Fabrication
| S.No. | Company | CMP ₹ | P/E | Mar Cap ₹ Cr | Div Yld % | NP Qtr ₹ Cr | Qtr Profit Var % | Sales Qtr ₹ Cr | Qtr Sales Var % | ROCE % | ROE % | P/B | OPM % | Debt / Eq | Prom. Hold. % | Sales ₹ Cr | Sales Var 3Yrs % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1. | Ardee Industries | 47.81 | 17.6 | 1,507 | 0.00 | 20 | — | 339 | — | 76.4 | 80.7 | 8.27 | 8.4 | 1.25 | 72.74 | 1,113 | 39.4 |
| 2. | Bharat Forge | 1,835.00 | 124.2 | 89,671 | 0.46 | -90 | -131.63 | 4,640 | 18.71 | 15.6 | 11.5 | 9.16 | 12.1 | 0.76 | 47.03 | 16,224 | 9.7 |
| 3. | PTC Industries | 24,680.00 | 294.8 | 39,111 | 0.00 | 29 | 466.23 | 192 | 97.43 | 7.9 | 7.0 | 24.07 | 16.5 | 0.17 | 63.16 | 599 | 40.7 |
| 4. | Happy Forgings | 1,866.00 | 53.9 | 17,615 | 0.21 | 91 | 39.24 | 449 | 27.03 | 18.9 | 15.2 | 8.27 | 26.9 | 0.15 | 78.46 | 1,546 | 9.8 |
| 5. | Ramkrishna Forgings | 691.45 | 118.8 | 12,806 | 0.15 | 47 | 297.63 | 1,217 | 19.84 | 4.7 | 2.3 | 3.80 | 7.4 | 0.74 | 58.15 | 3,854 | 10.5 |
| 6. | Gravita India | 1,479.30 | 27.5 | 10,775 | 0.00 | 106 | 11.84 | 1,475 | 42.23 | 18.1 | 16.8 | 4.39 | 9.5 | 0.30 | 59.36 | 4,227 | 14.9 |
| 7. | RHI Magnesita India | 370.15 | — | 7,644 | 0.68 | 65 | 83.19 | 1,014 | 5.59 | -7.2 | -10.1 | 2.15 | 6.8 | 0.13 | 57.61 | 3,975 | 13.9 |
| 8. | Aeroflex Industries | 525.80 | 101.9 | 6,958 | 0.08 | 19 | 162.22 | 145 | 72.38 | 16.5 | 14.1 | 15.56 | 14.2 | 0.02 | 69.80 | 442 | 17.2 |
| 9. | Balu Forge Industries | 480.70 | 20.0 | 5,835 | 0.03 | 66 | 15.89 | 301 | 28.95 | 19.5 | 19.6 | 3.12 | 28.6 | 0.10 | 63.15 | 1,107 | 49.6 |
| 10. | Pitti Engineering | 1,019.00 | 30.4 | 3,761 | 0.25 | 30 | 28.93 | 529 | 15.89 | 15.6 | 12.5 | 3.81 | 12.8 | 0.82 | 58.30 | 1,913 | 20.1 |
| Median: 13 Co. | 855.23 | 53.9 | 6,958 | 0.05 | 38 | 39.24 | 489 | 27.03 | 16.1 | 12.5 | 8.27 | 12.1 | 0.24 | 61.26 | 1,730 | 14.9 |
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Quarterly Results
Standalone figures in ₹ crore
Source: the company's results filed with NSE, as reported. Tap a row marked + for its breakdown. Latest quarter on the right.
Balance Sheet
Consolidated figures in ₹ crore, as at 31 March
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| Equity Capital | 3 | 3 | 3 | 51 |
| Reserves | 17 | 26 | 59 | 96 |
| 81 | 142 | 166 | 184 | |
| Long term borrowings | 18 | 23 | 23 | 15 |
| Short term borrowings | 63 | 120 | 143 | 168 |
| 7 | 24 | 34 | 32 | |
| Trade payables | 4 | 9 | 23 | 14 |
| Current liabilities | 69 | 144 | 175 | 198 |
| Total Liabilities | 108 | 196 | 262 | 363 |
| 42 | 59 | 72 | 79 | |
| Gross block | 45 | 65 | 87 | 105 |
| Accumulated depreciation | 3 | 6 | 15 | 26 |
| Goodwill & intangibles | 0 | 0 | 0 | 0 |
| CWIP | 3 | 13 | 6 | 8 |
| 63 | 124 | 184 | 276 | |
| Inventories | 24 | 42 | 45 | 116 |
| Trade receivables | 22 | 40 | 60 | 25 |
| Cash & equivalents | 0 | 2 | 0 | 14 |
| Current assets | 64 | 131 | 182 | 280 |
| Total Assets | 108 | 196 | 262 | 363 |
Source: Yahoo Finance (compiled from the annual reports). Tap a row marked + for its breakdown.
Cash Flows
Consolidated figures in ₹ crore, financial years ending March
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| -14 | -25 | 8 | 30 | |
| Profit for the year | 9 | 9 | 33 | 85 |
| Working capital changes | -30 | -48 | -47 | -80 |
| Direct taxes paid | -4 | -2 | -8 | -27 |
| -25 | -27 | -23 | -20 | |
| Fixed assets purchased | -22 | -21 | -25 | -12 |
| Fixed assets sold | 0 | 0 | 0 | |
| Investments purchased | -4 | -1 | -2 | |
| Investments sold | 8 | |||
| 38 | 54 | 13 | 4 | |
| Interest paid | -5 | -7 | -10 | -13 |
| Net Cash Flow | -1 | 2 | -2 | 14 |
| Free Cash Flow | -36 | -46 | -17 | 17 |
Free cash flow = cash from operations − capital expenditure. Source: Yahoo Finance.
Ratios
| Ratio | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| ROE | 42.4% | 36.2% | 72.4% | 80.7% |
| ROCE | 45.3% | 36.9% | 63.2% | 76.4% |
| Operating margin | 4.6% | 3.4% | 6.0% | 8.4% |
| Net margin | 2.1% | 2.0% | 4.6% | 7.6% |
| Debt / equity | 4.00 | 4.87 | 2.65 | 1.25 |
| Current ratio | 0.92 | 0.91 | 1.04 | 1.41 |
| Debtor days | 20 | 32 | 30 | 8 |
| Inventory days | 25 | 40 | 27 | 46 |
| Days payable | 4 | 9 | 14 | 5 |
| Cash conversion cycle | 41 | 63 | 43 | 49 |
| Working capital days | -5 | -10 | 3 | 27 |
Computed from the reported statements: ROE on average equity; ROCE = EBIT / (total assets − current liabilities). Debtor days = receivables ÷ sales × 365; inventory and payable days use cost of goods sold; cash conversion cycle = debtor + inventory − payable days; working capital days = (current assets − current liabilities) ÷ sales × 365.
Shareholding Pattern
Numbers in percentages · as filed with NSE each quarter
- Promoters 67.62%
- FIIs 0.67%
- DIIs 5.24%
- Public 26.47%
| % | Sep 2026 |
|---|---|
| Promoters | 67.62% |
| 0.67% | |
| Foreign portfolio investors (Cat. I) | 0.67% |
| 5.24% | |
| Mutual funds | 1.50% |
| Alternative investment funds | 3.74% |
| 26.47% | |
| Retail (up to ₹2 lakh) | 15.58% |
| HNIs (above ₹2 lakh) | 4.70% |
| NRIs | 0.25% |
| Bodies corporate | 4.89% |
| No. of Shareholders | 86,287 |
Source: shareholding patterns filed by the company with NSE. Public = non-institutional holders. Tap a row marked + for its breakdown.
Mutual funds & institutions holding Ardee Industries
| Holder (above 1%) | Stake |
|---|---|
| BANK OF INDIA SMALL CAP FUNDMutual fund | 1.50% |
| The Wealth Company Alternates Trust-Bharat Value FAIF | 1.50% |
| The Wealth Company Alternates Trust-Bharat Value FAIF | 1.20% |
As named in the shareholding pattern for Sep 2026 filed with NSE; mutual funds together hold 1.50% of the company. Shareholders below 1% are not named in the filing.
Documents
Announcements
- Certificate under SEBI (Depositories and Participants) Regulations, 2018Ardee Industries Limited has informed the Exchange about Certificate under SEBI (Depositories and Participants) Regulations, 201813-Oct-2026
- CessationArdee Industries Limited has informed the Exchange regarding Cessation of as Other of the company w.e.f. September 29, 2026.30-Sep-2026
- Trading WindowArdee Industries Limited has informed the Exchange regarding the Trading Window closure pursuant to SEBI (Prohibition of Insider Trading) Regulations, 201526-Sep-2026
- UpdatesArdee Industries Limited has informed the Exchange regarding 'ROC Approval for extension of AGM '.16-Sep-2026
- General UpdatesArdee Industries Limited has informed the Exchange about- Intimation regarding seeking extension of time from The Registrar of Companies ("ROC") to convene the Annual General Meet…07-Sep-2026
- Copy of Newspaper PublicationArdee Industries Limited has informed the Exchange about Copy of Newspaper Publication26-Aug-2026
- General UpdatesArdee Industries Limited has informed the Exchange about General Updates25-Aug-2026
- Outcome of Board MeetingArdee Industries Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2026.25-Aug-2026
- UpdatesArdee Industries Limited has informed the Exchange regarding 'Outcome of Board Meeting '.25-Aug-2026
- UpdatesArdee Industries Limited has informed the Exchange regarding 'Regarding Board Meeting Dated 25th August, 2026'.20-Aug-2026
- Trading WindowArdee Industries Limited has informed the Exchange regarding the Trading Window closure pursuant to SEBI (Prohibition of Insider Trading) Regulations, 201512-Aug-2026
Annual reports
None filed recently.
Credit ratings
None filed recently.
Concalls & investor meets
- Analysts/Institutional Investor Meet/Con. Call UpdatesArdee Industries Limited has informed the Exchange about Transcript03-Sep-2026
- Analysts/Institutional Investor Meet/Con. Call UpdatesArdee Industries Limited has informed the Exchange about Link of Recording31-Aug-2026
- UpdatesArdee Industries Limited has informed the Exchange regarding 'Revised Investor's Presentation'.31-Aug-2026
- UpdatesArdee Industries Limited has informed the Exchange regarding 'Presentation for Investor's Conference Call'.27-Aug-2026
- Analysts/Institutional Investor Meet/Con. Call UpdatesArdee Industries Limited has informed the Exchange about Registration Link26-Aug-2026
- Analysts/Institutional Investor Meet/Con. Call UpdatesArdee Industries Limited has informed the Exchange about Schedule of meet25-Aug-2026
Filings made by the company with NSE; documents open on NSE's website.
Key dates
- Ex-dividend date
- 1 Jan 1970
- Latest quarter
- 30 Jun 2026
- Financial year end
- 31 Mar 2026
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Latest news
In the news
No recent coverage found.
From the company (NSE)
- Certificate under SEBI (Depositories and Participants) Regulations, 2018Ardee Industries Limited has informed the Exchange about Certificate under SEBI (Depositories and Participants) Regulations, 2018NSE filing · 13-Oct-2026
- CessationArdee Industries Limited has informed the Exchange regarding Cessation of as Other of the company w.e.f. September 29, 2026.NSE filing · 30-Sep-2026
- Trading WindowArdee Industries Limited has informed the Exchange regarding the Trading Window closure pursuant to SEBI (Prohibition of Insider Trading) Regulations, 2015NSE filing · 26-Sep-2026
- UpdatesArdee Industries Limited has informed the Exchange regarding 'ROC Approval for extension of AGM '.NSE filing · 16-Sep-2026
- General UpdatesArdee Industries Limited has informed the Exchange about- Intimation regarding seeking extension of time from The Registrar of Companies ("ROC") to convene the Annual General Meet…NSE filing · 07-Sep-2026
- Copy of Newspaper PublicationArdee Industries Limited has informed the Exchange about Copy of Newspaper PublicationNSE filing · 26-Aug-2026
- General UpdatesArdee Industries Limited has informed the Exchange about General UpdatesNSE filing · 25-Aug-2026
- Outcome of Board MeetingArdee Industries Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2026.NSE filing · 25-Aug-2026
Headlines from news publishers (via Google News) and the filings of the company with NSE; they open on the source website. Headlines with price targets or buy/sell calls are left out. News is for information only and is not a recommendation.
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