Manufactures fragrance and flavor compounds, specialty aroma ingredients, and camphor and terpene chemicals through three divisions — Fragrance & Flavors, Specialty Aroma Ingredients, and Camphor & Terpene Chemicals. The Fragrance & Flavors division makes compounded fragrances for personal care, home care, fine fragrances, air care, agarbatti and industrial applications; the Specialty Aroma Ingredients division produces aroma chemicals derived from alpha-pinene and similar inputs; the Camphor & Terpene Chemicals division manufactures synthetic camphor and terpene-based products. FY26 was the first year crossing ₹1,000 crore in revenue at ₹1,030.8 crore, up 11% YoY from ₹928 crore, but EBITDA margins compressed to 6.6% from 10.06% in FY25 on a triple shock of gum turpentine, CST and alpha-pinene prices at all-time highs, crude volatility and rupee depreciation. Q1 FY27 revenue grew 15% YoY to ~₹260 crore on 22% sales volume growth and 18% production volume growth, with EBITDA margin improving 71 bps sequentially to 7.62%; management has set an internal target to return toward 10% margins. Materials account for 62.9% of revenue and R&D is at 2-2.5% of sales; exports contributed 35% of Q1 FY27 revenue versus 33% in FY26. Near-term sales growth is guided at 10-15%, while the new Mahad facility (~₹90 crore project, ₹70-75 crore plant) is in customer qualification phase. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Fragrance & Flavors, Specialty Aroma Ingredients, Camphor & Terpene Chemicals. Cyclical, raw-material-intensive specialty chemicals across fragrance compounds, aroma ingredients and camphor.
| ₹ crore · consolidated | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 869 | 849 | 836 | 928 | 1,031 |
| EBITDA (ex other income) | 93 | 54 | 47 | 93 | 68 |
| margin % | 10.7 | 6.4 | 5.6 | 10.1 | 6.6 |
| Owners' profit | 53 | 20 | 9 | 0 | 0 |
| EPS, as reported (₹) | 15.84 | 5.87 | 2.71 | 10.20 | 0.98 |
| ROE % · ROCE % | 8.8 · 11.8 | 3.2 · 5.9 | 1.4 · 4.8 | 5.2 · 9.4 | 0.5 · 6.2 |
| Debt / equity (x) | 0.23 | 0.37 | 0.32 | 0.53 | 0.60 |
| Cash from operations | (1) | (22) | 145 | (34) | 2 |
| Capex | (59) | (47) | (99) | (87) | (12) |
| ₹ crore | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 237 | 223 | 253 | 226 | 271 | 252 | 282 | 260 |
| Profit before tax | 19 | 10 | 4 | 3 | 3 | (2) | 7 | 5 |
| Net profit | 15 | 7 | 1 | 1 | 1 | (2) | 4 | 3 |
| EPS (₹) | 4.39 | 2.12 | 0.42 | 0.15 | 0.22 | (0.57) | 1.18 | 0.75 |
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| PIDILITE INDUSTRIES LTD | 1,59,479 | 60.2 | 14.43 | 42.3 | 22.4 | 28.0 | 14.9 | 28.6 |
| SRF LTD | 73,583 | 34.0 | 5.24 | 22.7 | 13.1 | 13.1 | 13.4 | 25.2 |
| GUJARAT FLUOROCHEM LTD | 52,514 | 85.7 | 6.64 | 41.5 | 7.3 | 8.7 | 13.5 | 27.7 |
| NAVIN FLUORINE INT. LTD | 43,836 | 55.4 | 11.03 | 39.5 | 16.7 | 16.4 | 23.0 | 37.5 |
| Date · filing | Category | Importance | 1-day % | 5-day % |
|---|---|---|---|---|
| 9 Sept 2026 · 4th newspaper ad on re-lodging physical share transfer requests | compliance | minimal | — | — |
| 3 Sept 2026 · Crisil upgrades ESG rating to 56 from 51 for FY26 | credit debt | medium | — | — |
| 27 Aug 2026 · OAL receives GST show cause notice over vendor transactions | regulatory legal | high | — | — |
| 27 Aug 2026 · Oriental Aromatics replies to NSE on unusual volume; no pending info | regulatory legal | low | — | — |
| 26 Aug 2026 · NSE seeks clarification on unusual trading volume | general | medium | — | — |
| 26 Aug 2026 · Oriental Aromatics files August 2026 investor presentation with exchanges | investor communications | medium | — | — |
| 19 Aug 2026 · 54th AGM: All 5 Resolutions Passed Including Rs 0.50 Dividend | board shareholder meetings | low | — | — |
| 18 Aug 2026 · Oriental Aromatics 54th AGM: Rs 1,000 cr revenue crossed, Rs 0.50 dividend | board shareholder meetings | low | — | — |
| 4 Aug 2026 · Oriental Aromatics Q1 FY27: Revenue up 15% YoY, margins improve sequentially | investor communications | medium | — | — |
| 31 Jul 2026 · Link to Q1FY27 analyst call recording shared | investor communications | low | — | — |
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) | A state: the latest filed quarter and the measured reactions |
| AETHER INDUSTRIES LIMITED |
| 22,229 |
| 94.3 |
| 9.05 |
| 60.4 |
| 8.9 |
| 11.4 |
| — |
| 33.8 |
| DEEPAK NITRITE LTD | 21,769 | 27.8 | 3.71 | 22.4 | 9.4 | 10.2 | 12.6 | 21.5 |
| ATUL LTD | 18,401 | 23.1 | 2.92 | 14.9 | 10.9 | 13.3 | 10.9 | 23.1 |
| AARTI INDUSTRIES LTD | 17,846 | 33.6 | 3.00 | 18.8 | 7.0 | 4.4 | 13.0 | 16.2 |
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 336.3 | 23.4 | 100 of 103 | 3% |
| P/B | 2.7 | 2.9 | 45 of 99 | 54% |
| ROCE | 1.4 | 10.3 | 94 of 108 | 13% |
| ROE | 0.5 | 8.1 | 90 of 101 | 11% |
| Debt / Equity | 0.6 | 0.2 | 83 of 101 | 18% |
| EBITDA margin | 8.0 | 15.5 | 79 of 99 | 20% |
| Revenue growth | 15.2 | 24.4 | 68 of 94 | 28% |
| Profit growth | 398.9 | 55.1 | 10 of 92 | 90% |
| Market cap | 1788 | 732 | 40 of 107 | 63% |
| an event is a fact; a rating is an opinion that requires SEBI RA registration |
| A target price and upside | The current price and the multiples against the group | a target is a forecast; a multiple is a measurement |
| Estimate years marked E | More audited years; no estimates | MarketPing publishes no forecasts — your own model lives on the Models page |
This document is a statistical summary of publicly filed information and market data, prepared by software from primary sources: SEBI results XBRL filed with BSE and NSE, LODR disclosures, shareholding patterns, exchange price data. It contains no research recommendation, no price target and no opinion on the merits of any security, and is not a research report within the meaning of the SEBI (Research Analysts) Regulations, 2014, Regulation 2(1)(w)(vii). Financial statements are as filed (consolidated where the company files consolidated results). Ratios are computed over filed lines. Where a figure is unavailable the table shows a dash rather than an estimate. The business brief is written by MarketPing's reader from the annual report and checked against it; no figure in a table was generated by a model. Nothing here constitutes investment advice, an offer or a solicitation; readers should consult a SEBI-registered adviser before acting. MarketPing is not a SEBI-registered intermediary.
