ARDEE · NSE

Ardee Industries Limited

₹49.28

+0.63% (+₹0.31)

Prev. close

₹48.97

Volume

18,19,919

Delivery %

37.9%

As of

18 Sept 2026

Price history

Neutral

Shivani Nyati · Swastika Investmart Ltd. · 12 Aug 2026

The post-listing outlook for Ardee Industries remains positive due to attractive valuations, strong RoNW of 57.46%, healthy profitability, and its presence in the growing circular economy and recycling space. However, after a sharp 36-39% listing gain, investors should avoid chasing the stock at higher levels and watch for profit-booking. IPO allottees are advised to hold with a stop-loss of ₹65, while fresh investors should consider buying only on meaningful dips.

Entry ₹67.12 (first trade after call)Stop ₹65 (-3.2%)

Published mid-session at 10:18 IST. Tracking counts only prices printed after publication — the chart's dashed divider marks that moment; earlier prices never count toward entry or results.

NOT GRADEDCall pageClear
₹49.28-₹9.87 (-16.69%) · CALL
12 Aug 202618 Sept 2026
₹47.42SL ₹65Entry ≈ ₹67.1212 Aug21 Aug01 Sept09 Sept18 SeptCall published 10:18
Shivani Nyati's call · 12 Aug 2026

Analyst sentiment

Analysts are split

1 analyst stance · last 90 days · one per analyst

Trackable

1 · 0 bull / 1 neutral / 0 bear

Long-Horizon

none in window

Commentary

none in window

Trackable = verdict-bearing calls · Long-Horizon = 1yr+ horizon, verdict pending · Commentary = context, not graded

Bullish 0% (0)Neutral 100% (1)Bearish 0% (0)
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Analyst opinions

CallAnalystInstrumentVerdictActions
The post-listing outlook for Ardee Industries remains positive due to attractive valuations, strong RoNW of 57.46%, heal…Shivani NyatiSwastika Investmart Ltd.Ardee IndustriesNOT GRADED
The post-listing outlook for Ardee Industries remains positive due to attractive valuations, strong RoNW of 57.46%, healthy profitability, and its presence in the growing circular economy and recycling space. However, after a sharp 36-39% listing gain, investors should avoid chasing the stock at higher levels and watch for profit-booking. IPO allottees are advised to hold with a stop-loss of ₹65, while fresh investors should consider buying only on meaningful dips.

This call couldn't be objectively graded against market data.

Fundamentals

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.

Details

Sector

Industrials

Industry

Metal Fabrication

CEO

Mr. Sandeep Aggarwal

Headquarters

New Delhi

Employees

243

Key stats

Market cap

₹1,553.31 Cr

P/E ratio (TTM)

18.3

EPS (TTM)

₹2.69

Shares float

2.75 Cr

Financial Performance

01 · Financials

0 Cr500 Cr1000 Cr1500 Cr0%20%40%60%FY23FY24FY25FY26
RevenueNet incomeEBITDARevenue growth YoY

FY23 growth needs FY22 filings, which the data source doesn't provide.

02 · Earnings Per Share (EPS)

0123FY24FY25FY26

04 · Operating Efficiency (Growth Rates)

Balance-sheet-based · pre-FY23 not filed in verifiable form

-100%0%100%200%FY24FY25FY26
SalesFixed assetsTrade receivablesInventory

05 · Capital Structure & Asset Utilization

Pre-FY23 not filed in verifiable form

0 Cr100 Cr200 Cr300 Cr400 CrFY23FY24FY25FY26
Total assetsTotal debtDebt / equityAsset turnover

Asset turnover needs a prior year of assets — omitted for the earliest available year.

06 · Asset Base Composition

Pre-FY23 not filed in verifiable form

0 Cr100 Cr200 Cr300 Cr400 CrFY23FY24FY25FY26
Fixed assetsCurrent assetsOther assets

07 · Debt Level & Coverage

Pre-FY23 not filed in verifiable form

-100 Cr0 Cr100 Cr200 CrFY23FY24FY25FY26
DebtFree cash flowCash & equivalents

08 · Profit & Loss

Annual

Line itemFY23FY24FY25FY26
₹410.74 Cr₹456.15 Cr₹719.51 Cr₹1,112.78 Cr
EBITDA₹20.41 Cr₹25.70 Cr₹63.43 Cr₹137.43 Cr
₹8.57 Cr₹8.95 Cr₹33.27 Cr₹84.68 Cr
Diluted EPS₹0.28₹1.06₹2.69

Diluted EPS has filed figures for only some of the years shown — the missing years are left blank rather than estimated.

09 · Balance Sheet

Annual

Line itemFY23FY24FY25FY26
₹108.00 Cr₹196.12 Cr₹262.06 Cr₹363.33 Cr
₹80.91 Cr₹142.45 Cr₹165.77 Cr₹183.92 Cr
Stockholders' equity₹20.22 Cr₹29.25 Cr₹62.60 Cr₹147.38 Cr

Annual only — the data source doesn’t publish quarterly balance-sheet detail for most NSE-listed companies.

10 · Cash Flow Statement

Annual

Line itemFY23FY24FY25FY26
₹-13.77 Cr₹-25.26 Cr₹7.84 Cr₹29.83 Cr
Investing cash flow₹-24.81 Cr₹-27.20 Cr₹-22.87 Cr₹-19.77 Cr
Financing cash flow₹37.81 Cr₹54.35 Cr₹13.34 Cr₹3.84 Cr
Capital expenditure₹-22.03 Cr₹-20.54 Cr₹-25.30 Cr₹-12.44 Cr
End cash position₹10,000₹1.89 Cr₹20.60 L₹14.09 Cr

Annual only — the data source has no quarterly cash-flow-statement coverage.

12 · Peer Comparison

Industrials

Company
Larsen & Toubro Limited₹5.24 L Cr₹3,836.231.64.7914.7%1.15+11.8%+4.1%
Adani Ports and Special Economic Zone Limited₹4.00 L Cr₹1,82429.44.1713.3%0.66+27.1%+29.1%
Hindustan Aeronautics Limited₹3.20 L Cr₹4,800.334.37.8022.2%0.00+5.6%-1.2%
Bharat Electronics Limited₹2.82 L Cr₹395.4546.011.7525.3%0.00+15.9%-4.1%
InterGlobe Aviation Limited₹1.87 L Cr₹4,92026.87-34.3%11.15+6.6%-13.9%
ABB India Limited₹1.51 L Cr₹7,270.595.519.2821.3%0.01+8.1%+33.7%
Bharat Heavy Electricals Limited₹1.43 L Cr₹429.258.85.476.1%0.31+18.3%+83.2%
Hitachi Energy India Limited₹1.39 L Cr₹32,700121.726.8919.1%0.02+27.2%+68.7%
Cummins India Limited₹1.39 L Cr₹5,099.557.816.4227.9%0.00+16.9%+24.3%
CG Power and Industrial Solutions Limited₹1.39 L Cr₹892107.617.3915.1%0.01+25.1%+13.7%
Siemens Limited₹1.33 L Cr₹3,763.578.810.0715.9%0.01+16.2%+13.3%
Ardee Industries Limited₹1,537.87 Cr₹49.2817.610.4357.5%1.25+54.7%

Ranked by market cap within Industrials, same metrics as the Fundamentals screener. Click a column to sort.

Documents

Official documents linked from their sources — offer documents as filed with SEBI (sebi.gov.in), annual reports and earnings-call transcripts as published on BSE (bseindia.com) and NSE (nseindia.com). Links open the source's own hosting; nothing is re-hosted here.

Index membership

2 indices

NSE weights are a free-float market-cap-share estimate, not NSE’s own published (and sometimes capped) index weight. BSE weights are BSE’s own published index weight, not an estimate. Indices without weight data are listed without one, in alphabetical order after the weighted ones.

ARDEE

Metals recycler Ardee Industries raises INR4bn in IPO

Law.asia · 13 days ago

ARDEE

Ardee Industries Releases Q1 FY27 Earnings Call Transcript

TipRanks · 17 days ago