Aether Industries Ltd

Aether Industri. Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Aether Industries Ltd

₹ 832 -0.71%
29 Apr 2:20 p.m.
aether.co.in BSE: 543534 NSE : AETHER
About

Incorporated in 2013, Aether Industries Limited is a manufacturer of specialty chemicals. The company is sole Indian manufacturer for chemicals such as 4-(2-Methoxyethyl) Phenol (4MEP), and 3-Methoxy-2-Methylbenzoyl Chloride (MMBC), Thiophene-2-Ethanol (T2E), Ortho Tolyl Benzo Nitrile (OTBN), N-Octyl-D-Glucamine, Delta-Valerolactone, and Bifenthrin Alcohol.[1]

Key Points

Business Segments FY23

Website BSE NSE
  • Market Cap ₹ 11,035 Cr.
  • Current Price ₹ 832
  • High / Low ₹ 1,211 / 762
  • Stock P/E 85.3
  • Book Value ₹ 154
  • Dividend Yield 0.00 %
  • ROCE 18.4 %
  • ROE 15.9 %
  • Face Value ₹ 10.0
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Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Company has delivered good profit growth of 75.6% CAGR over last 5 years
  • Company has a good return on equity (ROE) track record: 3 Years ROE 25.3%

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • Debtor days have increased from 111 to 145 days.
  • Working capital days have increased from 191 days to 269 days

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: Chemicals Industry: Chemicals

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
116 150 141 151 148 160 140 167 184 161 164 155
80 104 101 112 105 118 103 120 124 116 118 124
Operating Profit 36 46 40 39 42 42 37 47 60 45 46 31
OPM % 31% 31% 29% 26% 29% 27% 26% 28% 32% 28% 28% 20%
1 1 3 2 0 6 6 3 1 3 15 6
Interest 3 3 3 4 3 3 1 0 1 1 2 2
Depreciation 3 4 3 4 4 5 5 6 7 9 10 10
Profit before tax 30 40 37 34 35 41 37 44 52 37 50 25
Tax % 25% 20% 32% 25% 26% 26% 27% 20% 28% 18% 24% 25%
23 32 25 25 26 31 27 35 38 30 38 19
EPS in Rs 22.65 32.01 24.93 2.25 2.31 2.46 2.19 2.81 3.02 2.28 2.85 1.44
Raw PDF
Upcoming result date: 21 May 2024

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
0 1 0 24 109 201 302 450 590 651 664
1 3 1 22 85 154 230 338 422 465 483
Operating Profit -1 -2 -1 2 23 48 72 112 168 186 182
OPM % -252% -194% 10% 21% 24% 24% 25% 28% 29% 27%
3 4 1 0 0 2 2 4 7 17 25
Interest 1 1 0 1 9 11 9 11 13 5 6
Depreciation 0 0 0 1 5 6 8 11 15 23 36
Profit before tax 0 0 0 1 9 33 57 94 146 174 164
Tax % 39% 27% 31% 300% 17% 28% 29% 24% 26% 25%
0 0 0 -1 8 23 40 71 109 130 125
EPS in Rs 0.14 0.12 0.11 -1.27 9.08 27.27 46.68 70.43 9.67 10.47 9.59
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: %
5 Years: 43%
3 Years: 29%
TTM: 8%
Compounded Profit Growth
10 Years: %
5 Years: 76%
3 Years: 48%
TTM: 9%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: %
1 Year: -12%
Return on Equity
10 Years: %
5 Years: 29%
3 Years: 25%
Last Year: 16%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 9 9 34 9 9 9 9 10 113 125 133
Reserves 0 0 0 -1 7 30 70 164 274 1,120 1,914
Preference Capital 0 0 25 25 25 25 25 0 0 0
40 35 28 86 101 101 147 211 291 16 17
1 1 4 44 43 67 75 67 92 120 160
Total Liabilities 50 45 65 137 159 207 300 453 770 1,380 2,223
2 1 1 56 100 106 129 216 257 646 718
CWIP 7 20 42 40 2 1 17 0 58 37 86
Investments 16 8 0 0 0 0 0 22 17 1 12
25 15 21 41 56 99 154 214 438 695 1,407
Total Assets 50 45 65 137 159 207 300 453 770 1,380 2,223

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
-1 -3 -6 -9 6 23 18 23 -5 -7
-33 2 -14 -48 -11 -13 -48 -77 -151 -348
47 -6 17 57 4 -10 33 55 169 439
Net Cash Flow 13 -8 -3 -1 -0 0 2 2 12 84

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 94 4,358 167 88 87 76 88 101 145
Inventory Days 52 9,733 629 149 133 166 141 221 301
Days Payable 172 1,922 575 92 76 88 82 95 99
Cash Conversion Cycle -25 12,169 220 144 144 153 147 227 348
Working Capital Days 3,568 15,983 304 123 71 97 121 183 269
ROCE % -1% -0% 2% 14% 28% 32% 33% 30% 18%

Shareholding Pattern

Numbers in percentages

Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
87.09% 87.10% 87.07% 87.07% 81.80% 81.80% 81.79% 81.79%
1.80% 1.49% 1.56% 1.57% 1.87% 2.44% 1.97% 2.22%
8.33% 8.39% 8.35% 8.39% 13.65% 12.99% 11.79% 11.82%
2.78% 3.03% 3.01% 2.98% 2.67% 2.76% 4.44% 4.16%
No. of Shareholders 51,63957,52956,84053,45655,20860,46684,00078,655

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

Documents

Announcements

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