Nifty

:

23140.50

Sensex

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73895.74

77.40 (0.34%)
315.20 (0.43%)

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Nifty
Sensex

:
:

23140.50
73895.74

77.40 (0.34%)
315.20 (0.43%)

Aether Industries Ltd.

Chemicals

Rating :

72/99

BSE: 543534 | NSE: AETHER

Watchlist

NSE BSE

1767.00

25-Sep-2026

Open
High
Low
Previous Close

1653
1798
1640.4
1646.20

Volume
Traded Value (lacs)
52 Week High
52 Week Low

1686153
2942649102
1798
728

Stock Summary

Market Cap(Crs)
Stock P:E
Face Value

23,467.61
99.78
10

Enterprise Value(Crs)
Dividend Yield
Price:Book Value

23,903.61
N/A
9.33

Chart

Price | P:E | P:BV | EV:EBITDA | MCap:Sales | EPS

Revenue CAGR (%)

10 Years
5 Years
3 Years

-
14.48
24.71

EBITDA CAGR (%)

10 Years
5 Years
3 Years

-
16.69
22.42

PAT CAGR (%)

10 Years
5 Years
3 Years

-
15.04
38.56

P:E (Median)

8 Years
5 Years
3 Years

-
-
87.74

P:BV (Average)

8 Years
5 Years
3 Years

-
-
5.60

EV:EBITDA (Average)

8 Years
5 Years
3 Years

-
-
48.39

Earnings Forecasts:

(Updated: 21-09-2026)

Description 2026 2027 2028 2029
Adj EPS 16.55 21.53 28.39 35.72
P/E Ratio 106.77 82.07 62.24 49.47
Revenue 1160.14 1503.84 1946.42 2382.1
EBITDA 363.64 469.82 613.74 754.3
Net Income 219.46 289.52 383.38 473.59
ROA 7.51 7.66 8.48 9.57
P/B Ratio 9.55 8.56 7.52 6.51
ROE 9.38 10.87 12.63 14.06
FCFF -345.15 -174.52 -191.84 -187.21
FCFF Yield -1.57 -0.79 -0.87 -0.85
Net Debt 452.27 366.72 740.25 562.9
BVPS 185.03 206.44 235.08 271.44

Quarterly Results

Consolidated Figures in Rs. Crores /

Standalone

Description Jun 26 Jun 25 Var% Mar 26 Mar 25 Var% Dec 25 Dec 24 Var% Sep 25 Sep 24 Var%
Net Sales 256.51 214.83 19.40% 237.31 214.66 10.55% 257.14 197.40 30.26% 224.72 196.44 14.40%
Expenses 176.77 145.66 21.36% 175.53 147.24 19.21% 165.41 137.66 20.16% 153.12 141.61 8.13%
EBITDA 79.74 69.16 15.30% 61.78 67.43 -8.38% 91.73 59.73 53.57% 71.60 54.84 30.56%
EBIDTM 31.09% 32.20% 26.03% 31.41% 35.67% 30.26% 31.86% 27.91%
Other Income 9.86 2.69 266.54% 9.67 5.61 72.37% 0.68 14.05 -95.16% 9.67 12.70 -23.86%
Interest 3.54 3.25 8.92% 4.61 2.49 85.14% 2.57 3.21 -19.94% 1.81 1.89 -4.23%
Depreciation 20.17 12.82 57.33% 16.97 11.64 45.79% 15.73 10.49 49.95% 15.27 10.52 45.15%
PBT 65.89 53.15 23.97% 48.55 56.05 -13.38% 71.78 57.39 25.07% 61.50 51.79 18.75%
Tax 17.58 13.01 35.13% 10.61 13.14 -19.25% 19.82 16.54 19.83% 17.93 13.72 30.69%
PAT 48.31 40.14 20.35% 37.94 42.92 -11.60% 51.96 40.85 27.20% 43.57 38.07 14.45%
PATM 18.84% 18.69% 15.99% 19.99% 20.21% 20.70% 19.39% 19.38%
EPS 3.64 3.03 20.13% 2.86 3.23 -11.46% 3.92 3.08 27.27% 3.28 2.87 14.29%

Description Jun 26 Jun 25 Var% Mar 26 Mar 25 Var% Dec 25 Dec 24 Var% Sep 25 Sep 24 Var%
Net Sales 326.56 256.63 27.25% 305.12 240.20 27.03% 317.12 219.68 44.36% 275.10 198.80 38.38%
Expenses 223.79 175.45 27.55% 222.44 160.55 38.55% 206.53 154.97 33.27% 187.09 145.16 28.89%
EBITDA 102.76 81.18 26.58% 82.68 79.65 3.80% 110.60 64.71 70.92% 88.01 53.63 64.11%
EBIDTM 31.47% 31.63% 27.10% 33.16% 34.88% 29.46% 31.99% 26.98%
Other Income 7.69 2.08 269.71% 11.22 5.07 121.30% 0.11 13.64 -99.19% 8.69 10.97 -20.78%
Interest 5.58 4.80 16.25% 6.14 5.13 19.69% 3.92 3.21 22.12% 3.23 1.96 64.80%
Depreciation 21.42 14.20 50.85% 18.42 13.01 41.58% 17.27 11.06 56.15% 16.52 10.80 52.96%
PBT 83.45 61.63 35.40% 68.02 63.73 6.73% 87.17 61.39 41.99% 74.27 48.52 53.07%
Tax 20.70 14.61 41.68% 14.01 13.44 4.24% 22.70 18.00 26.11% 20.31 13.72 48.03%
PAT 62.75 47.02 33.45% 54.01 50.30 7.38% 64.48 43.39 48.61% 53.96 34.80 55.06%
PATM 19.22% 18.32% 17.70% 20.94% 20.33% 19.75% 19.61% 17.50%
EPS 4.73 3.55 33.24% 4.07 3.79 7.39% 4.86 3.27 48.62% 4.07 2.63 54.75%

Annual Results

Standalone Figures in Rs. Crores /

Consolidated

Right to Left

Description TTM Mar 26 Mar 25 Mar 24 Mar 23 Mar 22 Mar 21 Mar 20 Mar 19
Net Sales 975.68 940.17 788.52 595.67 651.07 590.05 449.82 301.81 201.18 Net Sales Growth 18.50% 19.23% 32.38% -8.51% 10.34% 31.17% 49.04% 50.02% Cost Of Goods Sold 469.06 426.93 386.47 297.25 296.25 269.97 223.57 146.47 102.67 Gross Profit 506.62 513.24 402.05 298.42 354.83 320.08 226.24 155.33 98.52 GP Margin 51.92% 54.59% 50.99% 50.10% 54.50% 54.25% 50.30% 51.47% 48.97% Total Expenditure 670.83 644.72 563.05 464.22 464.82 421.94 337.66 230.05 153.67 Power & Fuel Cost - 29.79 41.34 41.54 56.39 52.65 27.23 18.43 13.51 % Of Sales - 3.17% 5.24% 6.97% 8.66% 8.92% 6.05% 6.11% 6.72% Employee Cost - 62.41 42.52 38.61 34.46 27.05 22.11 13.38 10.95 % Of Sales - 6.64% 5.39% 6.48% 5.29% 4.58% 4.92% 4.43% 5.44% Manufacturing Exp. - 77.95 49.93 46.60 41.66 41.23 43.33 30.15 13.03 % Of Sales - 8.29% 6.33% 7.82% 6.40% 6.99% 9.63% 9.99% 6.48% General & Admin Exp. - 27.51 30.24 30.21 24.74 20.20 15.00 15.97 10.27 % Of Sales - 2.93% 3.84% 5.07% 3.80% 3.42% 3.33% 5.29% 5.10% Selling & Distn. Exp. - 13.55 12.54 10.02 11.32 10.85 6.41 5.66 3.25 % Of Sales - 1.44% 1.59% 1.68% 1.74% 1.84% 1.43% 1.88% 1.62% Miscellaneous Exp. - 6.58 0.00 0.00 0.00 0.00 0.00 0.00 0.00 % Of Sales - 0.70% 0% 0% 0% 0% 0% 0% 0% EBITDA 304.85 295.45 225.47 131.45 186.25 168.11 112.16 71.76 47.51 EBITDA Margin 31.24% 31.43% 28.59% 22.07% 28.61% 28.49% 24.93% 23.78% 23.62% Other Income 29.88 21.54 44.32 44.26 16.57 6.97 3.97 1.98 2.10 Interest 12.53 12.24 10.22 8.52 5.09 13.12 11.31 9.38 10.60 Depreciation 68.14 60.78 42.80 39.42 23.25 15.49 11.01 7.85 6.41 PBT 247.72 243.96 216.76 127.78 174.48 146.47 93.81 56.51 32.60 Tax 65.94 61.37 52.80 25.92 44.06 37.54 22.69 16.55 9.26 Tax Rate 26.62% 26.12% 25.77% 22.73% 25.25% 25.63% 24.19% 29.29% 28.40% PAT 181.78 173.61 152.09 88.10 130.42 108.93 71.12 39.96 23.34 PAT before Minority Interest 181.78 173.61 152.09 88.10 130.42 108.93 71.12 39.96 23.34 Minority Interest 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 PAT Margin 18.63% 18.47% 19.29% 14.79% 20.03% 18.46% 15.81% 13.24% 11.60% PAT Growth 12.22% 14.15% 72.63% -32.45% 19.73% 53.16% 77.98% 71.21% EPS 13.70 13.08 11.46 6.64 9.83 8.21 5.36 3.01 1.76

Description TTM Mar 26 Mar 25 Mar 24 Mar 23 Mar 22
Net Sales 1,223.90 1,160.14 838.69 598.17 651.08 590.05 Net Sales Growth 33.71% 38.33% 40.21% -8.13% 10.34% Cost Of Goods Sold 631.09 570.10 419.02 298.80 296.25 269.97 Gross Profit 592.81 590.04 419.67 299.38 354.83 320.08 GP Margin 48.44% 50.86% 50.04% 50.05% 54.50% 54.25% Total Expenditure 839.85 796.50 597.53 465.92 464.83 421.94 Power & Fuel Cost - 30.74 41.87 41.60 56.39 52.65 % Of Sales - 2.65% 4.99% 6.95% 8.66% 8.92% Employee Cost - 62.73 42.80 38.63 34.46 27.05 % Of Sales - 5.41% 5.10% 6.46% 5.29% 4.58% Manufacturing Exp. - 81.56 50.41 46.63 41.66 41.23 % Of Sales - 7.03% 6.01% 7.80% 6.40% 6.99% General & Admin Exp. - 29.82 30.87 30.26 24.74 20.20 % Of Sales - 2.57% 3.68% 5.06% 3.80% 3.42% Selling & Distn. Exp. - 14.66 12.56 10.02 11.32 10.85 % Of Sales - 1.26% 1.50% 1.68% 1.74% 1.84% Miscellaneous Exp. - 6.88 0.00 0.00 0.00 0.00 % Of Sales - 0.59% 0% 0% 0% 0% EBITDA 384.05 363.64 241.16 132.25 186.25 168.11 EBITDA Margin 31.38% 31.34% 28.75% 22.11% 28.61% 28.49% Other Income 27.71 20.93 41.64 39.21 16.57 6.97 Interest 18.87 18.09 12.93 8.52 5.09 13.12 Depreciation 73.63 66.42 45.01 39.66 23.25 15.49 PBT 312.91 300.06 224.86 123.27 174.48 146.47 Tax 77.72 71.62 54.57 27.02 44.06 37.54 Tax Rate 24.84% 24.60% 25.62% 24.67% 25.25% 25.63% PAT 235.20 219.46 158.42 82.49 130.41 108.93 PAT before Minority Interest 235.20 219.46 158.42 82.49 130.41 108.93 Minority Interest 0.00 0.00 0.00 0.00 0.00 0.00 PAT Margin 19.22% 18.92% 18.89% 13.79% 20.03% 18.46% PAT Growth 34.01% 38.53% 92.05% -36.75% 19.72% EPS 17.72 16.54 11.94 6.22 9.83 8.21

Results Balance Sheet

Standalone Figures in Rs. Crores /

Consolidated

Right to Left

Description Mar 26 Mar 25 Mar 24 Mar 23 Mar 22 Mar 21 Mar 20 Mar 19
Shareholder's Funds 2,409.32 2,225.17 2,068.93 1,244.61 386.89 174.33 78.28 38.55 Share Capital 132.68 132.59 132.55 124.51 112.69 10.10 8.56 8.56 Total Reserves 2,269.18 2,085.97 1,931.76 1,118.54 273.60 164.23 69.72 29.98 Non-Current Liabilities 84.48 64.76 47.23 41.31 140.76 116.70 104.33 79.36 Secured Loans 0.00 0.00 0.00 0.00 121.81 103.79 70.10 50.72 Unsecured Loans 0.00 0.00 0.00 0.00 0.00 0.00 25.00 25.00 Long Term Provisions 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Current Liabilities 509.01 271.25 239.56 94.00 242.17 161.91 117.86 88.77 Trade Payables 150.59 114.14 93.83 81.52 69.85 47.77 38.36 22.81 Other Current Liabilities 11.43 37.22 16.54 12.48 37.72 29.54 3.43 13.83 Short Term Borrowings 340.04 119.73 129.20 0.00 133.94 83.82 75.39 50.41 Short Term Provisions 6.96 0.16 0.00 0.00 0.66 0.77 0.68 1.72 Total Liabilities 3,002.81 2,561.18 2,355.72 1,379.92 769.82 452.94 300.47 206.68 Net Block 1,372.17 988.54 742.89 646.19 257.10 216.23 129.33 106.30 Gross Block 1,571.58 1,138.92 852.08 717.02 304.69 248.33 150.47 119.59 Accumulated Depreciation 199.40 150.39 109.19 70.83 47.59 32.10 21.14 13.29 Non Current Assets 1,971.76 1,453.08 973.63 704.79 360.03 219.42 152.68 110.57 Capital Work in Progress 482.30 339.61 219.28 37.17 57.74 0.20 17.23 1.24 Non Current Investment 100.26 100.26 0.26 0.26 0.21 0.21 0.21 0.21 Long Term Loans & Adv. 16.68 24.61 10.93 21.17 44.98 2.78 5.91 2.81 Other Non Current Assets 0.34 0.06 0.27 0.00 0.00 0.00 0.00 0.00 Current Assets 1,031.06 1,108.10 1,382.10 675.13 409.79 233.53 147.79 96.11 Current Investments 0.00 0.00 0.00 1.00 17.01 22.09 0.01 0.01 Inventories 499.50 386.49 341.24 248.77 162.75 84.73 71.94 39.84 Sundry Debtors 306.06 264.02 229.92 258.98 163.48 108.24 62.97 48.19 Cash & Bank 5.66 239.75 555.62 102.25 18.02 5.56 3.60 1.30 Other Current Assets 219.84 25.89 43.81 4.49 48.54 12.90 9.26 6.77 Short Term Loans & Adv. 200.10 191.96 211.51 59.64 46.39 11.47 8.24 6.04 Net Current Assets 522.04 836.85 1,142.54 581.13 167.62 71.62 29.93 7.34 Total Assets 3,002.82 2,561.18 2,355.73 1,379.92 769.82 452.95 300.47 206.68

Description Mar 26 Mar 25 Mar 24 Mar 23 Mar 22
Shareholder's Funds 2,455.89 2,225.89 2,063.32 1,244.61 386.89 Share Capital 132.68 132.59 132.55 124.51 112.69 Total Reserves 2,315.75 2,086.69 1,926.15 1,118.54 273.60 Non-Current Liabilities 88.20 67.63 48.33 41.31 140.76 Secured Loans 0.00 0.00 0.00 0.00 121.81 Unsecured Loans 0.00 0.00 0.00 0.00 0.00 Long Term Provisions 0.00 0.00 0.00 0.00 0.00 Current Liabilities 657.34 350.70 289.09 94.00 242.17 Trade Payables 196.94 127.57 103.53 81.52 69.85 Other Current Liabilities 11.60 40.45 16.93 12.48 37.72 Short Term Borrowings 441.66 182.53 168.62 0.00 133.94 Short Term Provisions 7.14 0.16 0.00 0.00 0.66 Total Liabilities 3,201.43 2,644.22 2,400.74 1,379.92 769.82 Net Block 1,496.05 1,117.25 853.48 646.19 257.10 Gross Block 1,703.56 1,270.11 962.91 717.02 304.69 Accumulated Depreciation 207.50 152.85 109.44 70.83 47.59 Non Current Assets 2,029.95 1,506.05 1,098.09 704.74 360.03 Capital Work in Progress 515.69 363.33 232.27 37.17 57.74 Non Current Investment 0.21 0.21 0.21 0.21 0.21 Long Term Loans & Adv. 17.64 25.20 11.88 21.17 44.98 Other Non Current Assets 0.37 0.06 0.27 0.00 0.00 Current Assets 1,171.47 1,138.17 1,302.65 675.17 409.79 Current Investments 0.00 0.00 0.00 1.00 17.01 Inventories 537.47 396.87 343.47 248.77 162.75 Sundry Debtors 390.05 288.62 232.88 258.98 163.48 Cash & Bank 5.66 239.78 555.65 102.29 18.02 Other Current Assets 238.29 27.01 44.29 4.49 48.54 Short Term Loans & Adv. 218.15 185.90 126.36 59.64 46.39 Net Current Assets 514.13 787.47 1,013.57 581.17 167.62 Total Assets 3,201.42 2,644.22 2,400.74 1,379.91 769.82

Cash Flow

Standalone Figures in Rs. Crores /

Consolidated

Right to Left

Description Mar 26 Mar 25 Mar 24 Mar 23 Mar 22 Mar 21 Mar 20
Cash From Operating Activity 146.26 117.67 -1.96 -6.55 -5.44 23.20 17.70 PBT 234.98 204.89 114.02 174.48 146.47 93.81 56.51 Adjustment 69.24 17.32 13.16 20.44 27.09 22.32 17.52 Changes in Working Capital -112.10 -66.53 -111.85 -169.68 -145.16 -72.92 -43.09 Cash after chg. in Working capital 192.12 155.68 15.33 25.23 28.40 43.20 30.94 Interest Paid 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Tax Paid -45.86 -38.02 -17.29 -31.78 -33.84 -20.00 -13.24 Other Direct Exp. Paid 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Extra & Other Items 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Cash From Investing Activity -590.27 -414.79 -398.87 -348.41 -150.94 -76.59 -48.01 Net Fixed Assets -575.35 -407.17 -317.17 -391.76 -113.90 -80.83 Net Investments 0.00 -100.00 1.00 15.96 5.08 -22.08 Others -14.92 92.38 -82.70 27.39 -42.12 26.32 Cash from Financing Activity 210.88 -18.75 854.20 439.19 168.84 55.36 32.62 Net Cash Inflow / Outflow -233.13 -315.87 453.37 84.23 12.45 1.96 2.30 Opening Cash & Equivalents 238.53 555.62 102.25 18.02 5.56 3.60 1.30 Closing Cash & Equivalent 5.66 239.75 555.62 102.25 18.02 5.56 3.60

Description Mar 26 Mar 25 Mar 24 Mar 23 Mar 22
Cash From Operating Activity 142.38 100.09 -16.46 -6.56 -5.44 PBT 291.08 212.98 109.51 174.48 146.47 Adjustment 82.17 22.24 18.47 20.44 27.09 Changes in Working Capital -176.65 -97.12 -127.15 -169.69 -145.16 Cash after chg. in Working capital 196.60 138.10 0.83 25.22 28.40 Interest Paid 0.00 0.00 0.00 0.00 0.00 Tax Paid -54.22 -38.02 -17.29 -31.78 -33.84 Other Direct Exp. Paid 0.00 0.00 0.00 0.00 0.00 Extra & Other Items 0.00 0.00 0.00 0.00 0.00 Cash From Investing Activity -619.38 -417.89 -423.93 -348.36 -150.94 Net Fixed Assets -575.35 -407.17 -317.17 -391.76 Net Investments 0.00 -100.00 1.00 15.96 Others -44.03 89.28 -107.76 27.44 Cash from Financing Activity 243.86 1.92 893.76 439.20 168.84 Net Cash Inflow / Outflow -233.13 -315.88 453.37 84.27 12.45 Opening Cash & Equivalents 238.53 555.65 102.29 18.02 5.56 Closing Cash & Equivalent 5.66 239.78 555.65 102.29 18.02

Financial Ratios

Standalone /

Consolidated

Right to Left

Description Mar 26 Mar 25 Mar 24 Mar 23 Mar 22 Mar 21
Book Value (Rs.) 181.03 167.32 155.74 99.83 34.28 15.69 ROA 6.24% 6.19% 4.72% 12.13% 17.82% 18.88% ROE 7.51% 7.10% 5.33% 16.01% 38.86% 56.31% ROCE 9.71% 9.47% 7.12% 18.74% 30.27% 33.30% Fixed Asset Turnover 0.69 0.79 0.76 1.27 2.13 2.26 Receivable days 110.66 114.26 149.57 118.42 84.01 69.40 Inventory Days 171.98 168.35 180.50 115.35 76.51 63.50 Payable days 113.17 98.21 107.65 93.25 79.52 70.31 Cash Conversion Cycle 169.48 184.41 222.41 140.52 81.01 62.60 Total Debt/Equity 0.14 0.05 0.06 0.00 0.74 1.19 Interest Cover 20.19 21.04 14.39 35.27 12.16 9.29

Description Mar 26 Mar 25 Mar 24 Mar 23 Mar 22
Book Value (Rs.) 184.54 167.38 155.31 99.83 34.28 ROA 7.51% 6.28% 4.36% 12.13% 14.15% ROE 9.40% 7.41% 5.00% 16.01% 28.20% ROCE 11.65% 9.74% 6.79% 18.74% 23.75% Fixed Asset Turnover 0.78 0.75 0.71 1.27 1.94 Receivable days 106.76 113.43 149.84 118.42 101.09 Inventory Days 146.98 161.02 180.42 115.35 100.63 Payable days 103.88 100.66 113.03 93.25 94.44 Cash Conversion Cycle 149.86 173.80 217.24 140.52 107.28 Total Debt/Equity 0.18 0.08 0.08 0.00 0.74 Interest Cover 17.09 17.47 13.86 35.26 12.16

Top Investors:

sbi multicap fund

amansa holdings private limited

invesco india manufacturing fund

Annual Reports:

News Update:

Aether Industries - Quarterly Results
1st Aug 2026, 00:00 AM

Read More
Aether Industries, Dow India collaborate on Research Program to develop manufacturing technologies for silicones
31st Jul 2026, 15:28 PM

This program will facilitate in creating a substantial opportunity for indigenous technology development and manufacturing
Read More

Source: www.accordfintech.com | DISCLAIMER: Information is provided " as is" and solely for informational purposes, not for trading purposes or advice, and may be delayed.

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