FY27 capex guidance of ₹700-800 crore
Management guided FY27 capex in the range of ₹700-800 crore, down from ₹1,125 crore in FY26, focusing on completion of Zone 4 and new contract capex.
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Aarti Industries · forward-looking guidance across the available source record.
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Guidance tracker
What management said would happen.
capex
Zone 4 commissioning during FY27
All Zone 4 assets (MTP, PA, calcium chloride, five chemistry blocks) will be commissioned during FY27, with initial revenue from Q2 FY27.
Net debt to decline in FY27
Management expects net debt to decline in FY27 as capex intensity reduces and operating cash flows improve, despite working capital pressures.
Effective tax rate of 9-15% in FY27
Tax rate expected in the range of 9-15% for FY27, benefiting from depreciation on Zone 4 assets and resolution of prior litigations.