Aether Industries Ltd

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

Aether Industries Ltd

₹ 824 2.37%
02 May - close price
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 FY24[1]
Large Scale Manufacturing (59%) Advanced intermediates and specialty chemicals with application across the industry spectrum.
Contract Manufacturing (26%)
Manufacture under contractual supply agreements with MNCs.
CRAMS (14%)
Contract research, scale-up services, technology development, low volume high-value contract manufacturing.

Website BSE NSE
  • Market Cap ₹ 10,931 Cr.
  • Current Price ₹ 824
  • High / Low ₹ 1,071 / 737
  • Stock P/E 65.4
  • Book Value ₹ 168
  • Dividend Yield 0.00 %
  • ROCE 10.2 %
  • ROE 7.80 %
  • Face Value ₹ 10.0
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Pros

  • Company is almost debt free.
  • Company is expected to give good quarter

Cons

  • Stock is trading at 4.91 times its book value
  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company has a low return on equity of 8.44% over last 3 years.

* 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

Part of BSE Commodities BSE SmallCap BSE 400 MidSmallCap Index BSE Allcap BSE 250 SmallCap Index

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025
148 160 140 167 184 161 164 155 118 180 199 220 240
105 118 103 120 124 116 118 124 107 137 145 155 161
Operating Profit 42 42 37 47 60 45 46 31 10 43 54 65 80
OPM % 29% 27% 26% 28% 32% 28% 28% 20% 9% 24% 27% 29% 33%
0 6 6 3 1 2 14 5 4 9 8 11 2
Interest 3 3 1 0 1 1 2 2 4 3 2 3 5
Depreciation 4 5 5 6 7 9 10 10 10 10 11 11 13
Profit before tax 35 41 37 44 52 37 49 24 0 39 49 61 64
Tax % 26% 26% 27% 20% 28% 19% 25% 27% 486% 24% 28% 29% 21%
26 31 27 35 38 30 37 17 -1 30 35 43 50
EPS in Rs 2.31 2.46 2.19 2.81 3.02 2.25 2.77 1.31 -0.11 2.26 2.63 3.27 3.79
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2022 Mar 2023 Mar 2024 Mar 2025
590 651 598 839
422 465 466 598
Operating Profit 168 186 132 241
OPM % 28% 29% 22% 29%
7 17 25 30
Interest 13 5 9 13
Depreciation 15 23 40 45
Profit before tax 146 174 110 213
Tax % 26% 25% 25% 26%
109 130 82 158
EPS in Rs 9.67 10.47 6.22 11.95
Dividend Payout % 0% 0% 0% 0%
Compounded Sales Growth
10 Years: %
5 Years: %
3 Years: 12%
TTM: 40%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: 15%
TTM: 81%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: %
1 Year: -1%
Return on Equity
10 Years: %
5 Years: %
3 Years: 8%
Last Year: 8%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2022 Mar 2023 Mar 2024 Mar 2025
Equity Capital 113 125 133 133
Reserves 274 1,120 1,931 2,093
291 16 183 200
92 120 154 218
Total Liabilities 770 1,380 2,401 2,644
257 646 853 1,125
CWIP 58 37 232 355
Investments 17 1 0 0
438 695 1,315 1,163
Total Assets 770 1,380 2,401 2,644

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2022 Mar 2023 Mar 2024 Mar 2025
-5 -7 -16 100
-151 -348 -424 -418
169 439 894 2
Net Cash Flow 12 84 453 -316

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2022 Mar 2023 Mar 2024 Mar 2025
Debtor Days 101 145 142 126
Inventory Days 221 301 411 324
Days Payable 95 99 124 104
Cash Conversion Cycle 227 348 429 346
Working Capital Days 183 269 384 319
ROCE % 18% 7% 10%

Shareholding Pattern

Numbers in percentages

Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025
87.09% 87.10% 87.07% 87.07% 81.80% 81.80% 81.79% 81.79% 81.79% 81.78% 81.77% 81.77%
1.80% 1.49% 1.56% 1.57% 1.87% 2.44% 1.97% 2.22% 2.90% 3.17% 3.32% 3.33%
8.33% 8.39% 8.35% 8.39% 13.65% 12.99% 11.79% 11.82% 11.55% 11.63% 11.49% 11.43%
2.78% 3.03% 3.01% 2.98% 2.67% 2.76% 4.44% 4.16% 3.74% 3.40% 3.41% 3.47%
No. of Shareholders 51,63957,52956,84053,45655,20860,46684,00078,65571,68367,25166,67764,034

* 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.

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Documents

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