Aarti Industries Ltd
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BSE Code:
524208
NSE Code:
AARTIIND
Business Profile
Business Profile
Aarti Industries (ARTIIND), the flagship company of the Aarti Group, is a chemical manufacturing company involved in manufacturing benzene-based downstream and derivative products. It was incorporated on Sep. 28, 1984 and went public on Oct. 12, 1990. The chairman of the company is C.V. Gogri and Rajendra V. Gogri, the vice chairman and managing director.
The company operates in the business segments of basic chemicals, specialty chemicals, agro chemicals and pharmaceuticals. Products include benzene-based intermediates, sulphuric acid and allied products, bulk pharmaceuticals, agrochemicals, dyes, and other intermediates and specialty chemicals like alkylated amines and toluidines, chloro phenols, fluoro compounds, ..etc. The company is among the largest producers of benzene based basic and intermediate chemicals in India. The group has manufacturing sites in Gujarat (Vapi, Sarigam and Jhagadia) and Maharashtra (Tarapur and Dombivli). The company has recently received ISO14001:2004 and OHSAS 18001:1999 from SGS for its Vapi unit and ISO-9002 for majority of its units.
Subsidiaries include Aarti Healthcare, Aarti Corporate Services, Avinash Drugs and Alchemie Europe. Its associates include Ganesh Polychem, Surfactant Specialities, Nascent Chemical Industries and Anushakti Chemicals & Drugs. The company is to enter into a 50% joint venture with Sojitz Chemical Corporation to manufacture various specialty chemicals with applications in high growth markets such as polymers, additives, high purity electronic chemicals etc. The company exports to manufacturers of dyes, pigments, pharmaceuticals, agrochemicals and rubber chemicals in countries such as USA, UK, Germany, Spain, Italy, Switzerland, Belgium, Japan, Korea, China, Russia among others. It also has representatives in USA & a subsidiary company in UK.
The registered office is at Udyog Kshetra, 2nd Floor, Mulund Goregaon Link Road, Mulund (West), Mumbai-400080.
Financials
Aarti Industries registered a steep drop of 51.03% in net profit of Rs 52.2 million for the quarter ended June 2007 from a profit of Rs 106.6 million for the quarter ended June 2006.
Net sales declined 2.45% to Rs 1,942.8 million for the quarter ended June 2007 from Rs 1,991.6 million for the quarter ended June 2006.
Total income dipped 3.32% to Rs 1,944.3 million from Rs 2,011 million for the quarter ended June 2006.
The earnings per share (EPS) of the company stood at Rs 0.72 for the quarter ended June 2007.
Recent Developments
20-JUN-07
The board of directors have approved the proposed 50% joint venture with Sojitz Chemical Corp. The said joint venture will manufacture various speciality chemicals with applications in high growth markets such as polymers, additives, high purity electronic chemicals, etc.