Aether Industries
- Market cap
- ₹ 18,820 Cr.
- P/E
- 78.2x
- P/B
- 7.83x
- 52-week range
- 728 – 1,814.1
- ROE
- 10%
- ROCE
- 12%
- Dividend yield
- 0%
- Debt / equity
- 0.19
- Sector
- Chemicals & Petrochemicals
- Industry
- Specialty Chemicals
- Listed on
- NSE, BSE
About
Aether Industries Limited is an India-based company, which is engaged in in the business of specialty chemicals and intermediates. The Company focuses on producing advanced intermediates and specialty chemicals involving complex and differentiated chemistry and technology. The Company is also a provider of contract research and manufacturing services (CRAMS) and contract / exclusive manufacturing services, built upon technology, research and development (R&D), and Pilot Plant facilities. The Company's products find application in the pharmaceuticals industry, agrochemicals, material science, coating, high-performance photography, additive, and oil and gas segments of the chemical industry. The Company conducts its operations through two manufacturing facilities at Sachin in Surat, Gujarat. The Company serves various locations, including Italy, Spain, Germany, the United States, and other parts of the world.
Quick check
The five things to look at first. Open one for more.
Compared with its industry
Specialty Chemicals: 130 companies →Aether Industries against the typical company in its industry. The rank is out of the companies that report each figure; green means the better quarter of the pack, red the worse quarter.
- Valuation (P/E)78.2 against a typical 26.3: pricier than most peers (1st = cheapest).112th of 129
- Sales growth+27.2% against a typical +25.9% from a year earlier.54th of 112
- Profit growth+34% against a typical +42.4% from a year earlier.57th of 102
- Share price, 3 months+5.7% against a typical −5.5%.38th of 118
- Size₹ 18,819.8 Cr. market value against a typical ₹ 359.6 Cr. (1st = largest).5th of 126
Credit ratings
Every rating action on file, newest first, including reaffirmations. Open a row for the agency's reasoning. All credit rating updates
High safety
Rated AA- by CRISIL- No warnings from the agency.
| Agency | Current rating | Outlook | As of |
|---|---|---|---|
| ICRA | Withdrawn | Stable | 15 Oct 2026 |
| CRISIL | Crisil AA- | Stable | 23 Sep 2026 |
| Rating | Details | |||||
|---|---|---|---|---|---|---|
| 15 Oct 2026 | Withdrawn | was [ICRA]A+ | — | ICRA | ₹ 592 Cr. | |
| 23 Sep 2026 | New rating | Crisil AA- | — | CRISIL | ₹ 636 Cr. | |
| 26 May 2026 | ▼ Outlook cut | [ICRA]A+ Outlook Positive → Stable | — | ICRA | ₹ 592 Cr. | |
| 30 Sep 2025 | Reaffirmed | [ICRA]A+ | — | ICRA | ₹ 592 Cr. |
Board meetings
Results dates and other board meetings. Full calendar
| Details | ||
|---|---|---|
| 30 Oct 2026Upcoming | Financial Results/Other business matters | To consider and approve the financial results for the period ended September 30, 2026 and other business matters. |
| 31 Jul 2026 | Financial Results/Other business matters | This is to inform that in accordance with Regulation 29 of the SEBI (Listing Obligation andDisclosure Requirements) Regulations, 2015, as amended, the Meeting of the Board ofDirectors of the Company is scheduled to be held on Friday, July 31, 2026, as annexed. |
| 15 May 2026 | Financial Results/Other business matters | To consider and approve the financial results for the period ended March 31, 2026 and other business matters |
| 3 Feb 2026 | Financial Results/Other business matters | To consider and approve the financial results for the period ended December 31, 2025 and other business matters |
| 13 Nov 2025 | Financial Results/Other business matters | To consider and approve the financial results for the period ended September 30, 2025 and other business matters |
| 24 Jul 2025 | Financial Results/Other business matters | To consider and approve the financial results for the period ended Jun 30, 2025 and other business matters, as annexed. |
| 2 May 2025 | Financial Results/Other business matters | To consider and approve the financial results for the period ended March 31, 2025 and other business matters |
Financials
Consolidated figures in ₹ crore.
| ₹ Cr. | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 164 | 155 | 118 | 180 | 199 | 220 | 240 | 257 | 280 | 319 | 305 | 327 |
| Expenses | 118 | 124 | 107 | 137 | 145 | 155 | 161 | 175 | 192 | 207 | 222 | 224 |
| Operating Profit | 46 | 31 | 10 | 43 | 54 | 65 | 80 | 81 | 88 | 112 | 83 | 103 |
| OPM % | 28% | 20% | 9% | 24% | 27% | 29% | 33% | 32% | 31% | 35% | 27% | 31% |
| Other Income | 14 | 5 | 4 | 9 | 8 | 11 | 2 | −1 | 6 | −4 | 10 | 8 |
| Interest | 2 | 2 | 4 | 3 | 2 | 3 | 5 | 5 | 3 | 4 | 6 | 6 |
| Depreciation | 10 | 10 | 10 | 10 | 11 | 11 | 13 | 14 | 17 | 17 | 18 | 21 |
| Profit before tax | 49 | 24 | 0 | 39 | 49 | 61 | 64 | 62 | 74 | 87 | 68 | 83 |
| Tax % | 25% | 27% | 486% | 24% | 28% | 29% | 21% | 24% | 27% | 26% | 21% | 25% |
| Net Profit | 37 | 17 | −1 | 30 | 35 | 43 | 50 | 47 | 54 | 64 | 54 | 63 |
| EPS in Rs | 2.77 | 1.31 | −0.11 | 2.26 | 2.63 | 3.27 | 3.79 | 3.55 | 4.07 | 4.86 | 4.07 | 4.73 |
Growth and returns
Compounded yearly rates over each period.
- 10 Years
- —
- 5 Years
- —
- 3 Years
- 21%
- TTM
- 34%
- 10 Years
- —
- 5 Years
- —
- 3 Years
- 20%
- TTM
- 30%
- 10 Years
- —
- 5 Years
- —
- 3 Years
- 16%
- TTM
- —
- 10 Years
- —
- 5 Years
- 10%
- 3 Years
- 8%
- TTM
- —
P/E and EPS over time
Daily P/E and trailing 12-month EPS. EPS updates with each result.
Peers
Listed companies in the same business.
| Aether Industries | ₹ 1,575.20 | ₹ 18,820 Cr. | 78.2x | 7.8x | 10% | — |
| Asian Paints | ₹ 2,305.00 | ₹ 2,21,095 Cr. | 58.1x | 12.1x | 21.2% | 12.4% |
| Solar Industries India | ₹ 18,320.00 | ₹ 1,65,778 Cr. | 99.6x | 26.6x | 31.4% | 17.7% |
| Pidilite Industries | ₹ 1,514.00 | ₹ 1,54,107 Cr. | 64.8x | 14.7x | 23.8% | 16.9% |
| SRF | ₹ 2,309.00 | ₹ 68,444 Cr. | 44.6x | 6.1x | 13.8% | 11.6% |
| Linde India | ₹ 5,697.00 | ₹ 48,586 Cr. | 110.5x | 14.2x | 13.6% | 21.7% |
Management
- Faiz Arif Nagariya
- Chief Financial Officer
- James W. Ringer
- Chief Technology Officer
- Chitrarth Rajan Parghi
- Compliance Officer, Company Secretary
- Ashwin Jayantilal Desai
- Managing Director, Whole Time Director
- Aman Ashwinbhai Desai
- Whole Time Director
- Purnima Ashwin Desai
- Whole Time Director
- Rohan Ashwin Desai
- Whole Time Director
- Norbert Fluggen
- Business Development Leader (Europe)
Prices are delayed and for information only. Nothing on this page is investment advice.