Aries Agro Ltd

NSE
ARIES •
BUY

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Stock Performance
52 Week Low - High
Today’s Low - High

Open

Prev. Close

Total Traded Value

View details of Market Depth
Fundamental

Market Cap (in crs)

Face Value

Turnover (in lacs)

Key Metrics
Qtr Change %
92.72% Gain from 52W Low
40.1
TTM PE Ratio
Below industry Median
23
Price to Book Ratio
Low in industry
1.5
Dividend yield 1yr %
Below industry Median
0.4
TTM PEG Ratio
PEG TTM is negative
-1.2
RSI
RSI is mid-range
54.4
MFI
MFI is mid-range
65.1

Aries Agro Ltd Key Financials

*All values are in ₹ Cr.

Aries Agro Ltd shareholding Pattern

Promoter
52.7%
Foreign Institutions
2.4%
Public
45%

Aries Agro Ltd Technical Analysis

Moving Averages Analysis
Moving Averages Analysis
Current Price
Bullish Moving Averages
10
Bearish Moving Averages
6
5Day EMA
280.30
10Day EMA
281.20
12Day EMA
280.30
20Day EMA
274.20
26Day EMA
268.80
50Day EMA
250.00
100Day EMA
226.60
200Day EMA
204.20
Delivery & Volume
Resistance & Support
275.72
Pivot
Resistance
First Resistance
283.43
Second Resistance
290.32
Third Resistance
298.03
Support
First Support
268.83
Second support
261.12
Third Support
254.23
Relative Strength Index
54.35
Money Flow Index
65.08
MACD
11.55
MACD Signal
14.66
Average True Range
16.54
Average Directional Index
27.59
Rate of Change (21)
14.37
Rate of Change (125)
41.60

Aries Agro Ltd Company background

Founded in: 1969
Managing director: Rahul Mirchandani
Aries Agro Ltd was originally incorporated as Aries AgroVet Industries Private Limited on 27th November 1969. It was converted into Public Limited Company as Aries AgroVet Industries Limited on 30th December 1994 and again changed to Aries Agro Limited on 27th October 2006. Dr. T.B. Mirchandani and Mrs. Bala Mirchandani, founded the Company in 1969. The Company is headquartered in Mumbai.Aries Agro is an Indian Multinational Company that offers the widest range of products in the primary, secondary and microfertilizer sector, ranging from individual elements to mixed specialty plant nutrient fertilizers. Since 1969, Aries has pioneered several innovative concepts of farming to Indian agriculturists, including the wonder of Chelation Technology, biodegradable complexes of plant nutrients, water soluble NPK fertilizers, value added secondary nutrients, natural and biological products and water treatment formulations. In 1969, the Company started off with a small range of mineral feed additives for animals birds. The products attracted good margins. The company products were immediately accepted by the consumers and slowly it became the brand leader in the field of mineral nutrition with a range of products including mineral premixes, milk boosters, protein concentrates, vitamin premixes, anticoccidian and antibacterial feed additives. In 1975, Aries diversified into nutrients feeds for plant, considering the fact that in India, the animal and agricultural farmer is one and the same individual. The company has inhouse expertise in the area of mineral nutrition and thereby decided to concentrate on the same. The research zeroed in on Metal Chelates. The product had to be manufactured in accordance with the locally available ingredients and expertise that posed a challenge for the company. Thus further RD had to be conducted in this arena that solved the problem and Aries branched out into Agrochemicals in 1975 with the introduction of Chelated Micronutrients. The company has also conducted inhouse RD to develop bactericides for agriculture. Plantomycin was one of the first bactericide to be licensed for agricultural use by the Govt. of India. This was then followed by the introduction of plant hormones.In 2001, the company has expanded product line to include secondary nutrients sulphur, magnesium and calcium. In 2002, Aries continued expanding its plant nutrition product line to include valueadded, watersoluble complexes of nitrogen (N), phosphorous (P) and potassium (K). As of now, the company has 4 manufacturing plants at Mumbai, Hyderabad, Bangalore and Kolkata with installed capacity of 10,800 TPA, 5,400 TPA, 3,750 TPA and 1,650 TPA respectively with total installed capacity being at 21,600 TPA.The manufacturing unit at Ahmedabad, Gujarat started production on 19th August, 2008. With this Unit, the total manufacturing capacity for micronutrients was enhanced to 73800 MT per annum. In addition this unit also marked the entry of the Company into an entirely new range of Biofertilizers. The Company also inaugurated its Seventh manufacturing unit at Lucknow, U. P. on 10th November, 2008. With this Unit, the total manufacturing capacity for micronutrients was enhanced to 84,600 MT per annum.In 2008 the Company acquired 75% Shares in Golden Harvest Middle East FZC, Sharjah, UAE, by virtue of which the said GoldenHarvest Middle East FZC became a Subsidiary of the Company. The Company during the year 201011 launched 6 numbers of products including 4 Plant Protection Chemicals and 2 Specialty Plant Nutrients. The overseas factories of the Company were made fully operational for the production of Chelates, Soluble Boron and Sulphur Bentonite in 2011.During Financial Year 201011, the Companys Overseas Subsidiary viz M/S Golden Harvest Middle East FZC on 30.12.2010 acquired 75% Shares of M/S Amarak Chemicals FZC, UAE by virtue of which M/S Amarak Chemicals FZC became a Step Down Subsidiary of the Company w.e.f. 30.12.2010. Mirabelle Agro Manufacturing Private Limited was incorporated on 26th December, 2019.In F.Y. 201920, M/s. Golden Harvest Middle East FZC reduced its stake from 75% to 49% in M/s Amarak Chemicals FZC. As a result of this, M/s. Amarak Chemicals FZC was no more a step down subsidiary of M/s. Aries Agro Ltd.The manufacturing unit at Fujairah, UAE resumed operations in the month of September 2021 and started manufacturing four value added Sulphur based pastillized products for sale in India and globally.
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Aries Agro Ltd FAQs

Aries Agro Ltd shares are currently priced at 276.55 on NSE and 277.1 on BSE as of 2/27/2024 12:00:00 AM. Please be aware that stock prices are subject to continuous fluctuations due to various factors.

The past 1-year return of Aries Agro Ltd [ARIES] share was 75.03. The Aries Agro Ltd [ARIES] share hit a 1-year low of Rs. 143.5 and a 1-year high of Rs. 318.

The market cap of Aries Agro Ltd is Rs. 359.52 Cr. as of 2/27/2024 12:00:00 AM.

The PE ratios of Aries Agro Ltd is 19.2 as of 2/27/2024 12:00:00 AM.

The PB ratios of Aries Agro Ltd is 1.46 as of 2/27/2024 12:00:00 AM

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