Aether Industries Ltd.

NSE: AETHER · Chemicals

₹1,561.80+0.61%06 Nov 2026

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Instant answers about Aether Industries Ltd. — computed from its filings, no language model

Market cap₹20,729 cr

Current price₹1,561.80

High / Low₹1,800 / ₹733

P/E83.2

P/B7.99

Book value₹195.4

ROE9.6%

ROCE10.7%

Debt / equity0.25

Dividend yield—

EPS (TTM)₹18.78

Face value₹10

Price & valuation

split & bonus adjusted · pick a metric and range

Annual performance

annual · ₹ crore · line = operating margin

	FY23	FY24	FY25	FY26
Revenue	651	598	839	1,160
EBITDA	186	132	241	364
Operating margin	28.6%	22.1%	28.8%	31.3%
Interest	5	9	13	18
Depreciation	23	40	45	66
Profit before tax	174	110	213	291
Tax	44	27	55	72
Net profit	130	82	158	219
EPS ₹	10.47	6.22	11.95	16.55
Operating cash flow	-7	-16	134	-145
Capex	401	248	304	91
Dividend paid	0	0	0	0
Total assets	1,380	2,401	2,644	3,201
Equity	1,245	2,063	2,226	2,456

Quarterly performance

last 16 quarters · ₹ crore

showing latest 8 of 16 periods

	SEP '22	DEC '22	MAR '23	JUN '23	SEP '23	DEC '23	MAR '24	JUN '24	SEP '24	DEC '24	MAR '25	SEP '25	DEC '25	MAR '26	JUN '26	SEP '26
Revenue	140	167	184	161	164	155	118	180	199	220	240	275	317	305	327	347
Operating profit	37	47	60	45	46	31	10	43	54	65	80	88	111	83	103	110
Operating margin	26.3%	28.3%	32.4%	27.8%	28.0%	20.2%	8.7%	24.0%	27.0%	29.5%	33.2%	32.0%	34.9%	27.1%	31.5%	31.8%
Other income	6	3	1	2	14	11	12	12	11	14	5	9	0	11	8	5
Interest	1	0	1	1	2	2	4	3	2	3	5	3	4	6	6	5
Depreciation	5	6	7	9	10	10	10	10	11	11	13	17	17	18	21	22
Profit before tax	37	44	52	37	49	24	0	39	49	61	64	74	87	68	83	89
Tax	10	9	15	7	12	6	2	9	14	18	13	20	23	14	21	21
Net profit	27	35	38	30	0	0	-1	30	35	43	50	54	64	54	63	68
EPS ₹	2.19	2.81	3.02	2.25	2.77	1.32	-0.11	2.26	2.63	3.27	3.79	4.07	4.86	4.07	4.77	5.12
Revenue YoY	—	—	—	—	17.1%	-7.0%	-36.0%	11.7%	21.1%	41.4%	104.4%	38.4%	44.4%	27.0%	—	26.2%
Profit YoY	—	—	—	—	-100.0%	-100.0%	-103.8%	0.4%	—	—	—	55.1%	48.6%	7.4%	—	26.0%

Earlier results (standalone, Mar '22 – Jun '22)

₹ crore · from BSE, before the NSE XBRL filings begin

Aether Industries Ltd. reports consolidated figures above. Quarterly consolidated results only became mandatory in India in 2019, so the earlier history available is the standalone company only (excluding subsidiaries). It is shown separately so the two bases are never mixed.

Quarters

	MAR '22†	JUN '22†
Revenue	148	160
Operating profit	42	42
Operating margin	28.5%	26.5%
Other income	0	6
Interest	3	3
Depreciation	4	5
Profit before tax	35	41
Tax	9	11
Net profit	26	31
EPS ₹	2.31	2.46

Returns & margins

trailing-twelve-month, per quarter

showing latest 8 of 10 periods

	JUN '23	SEP '23	DEC '23	MAR '24	JUN '24	SEP '24	DEC '24	MAR '25	JUN '26	SEP '26
ROE	10.4%	5.0%	3.3%	1.4%	1.4%	3.0%	5.0%	7.1%	9.6%	9.6%
ROCE	13.9%	9.1%	8.2%	5.3%	5.5%	5.2%	6.9%	9.3%	11.5%	10.7%
Net margin	19.9%	15.1%	10.1%	4.7%	4.6%	9.7%	14.9%	18.9%	19.2%	19.2%
EBITDA margin	28.9%	29.2%	27.3%	22.1%	21.2%	21.2%	24.0%	28.8%	31.4%	31.4%
Debt / equity	0.00	0.00	0.00	0.08	0.08	0.10	0.10	0.09	0.18	0.25
Interest coverage	51.25	42.03	27.71	13.85	12.25	11.88	14.07	17.47	17.58	16.62
Asset turnover	0.47	0.30	0.30	0.25	0.26	0.25	0.28	0.32	0.38	0.36

Balance sheet

equity vs borrowings over time · ₹ crore

showing latest 6 of 9 periods

	SEP '22	MAR '23	SEP '23	MAR '24	SEP '24	MAR '25	SEP '25	MAR '26	SEP '26
Share capital	125	125	133	133	133	133	133	133	133
Other equity / reserves	1,078	1,120	1,913	1,931	1,997	2,093	2,196	2,323	2,461
Total equity	1,202	1,245	2,046	2,063	2,130	2,226	2,328	2,456	2,594
Borrowings	26	0	2	169	214	197	213	442	659
Current liabilities	115	94	138	289	383	351	445	657	702
Non-current liabilities	25	41	43	48	52	68	76	88	307
Total assets	1,343	1,380	2,227	2,401	2,565	2,644	2,849	3,201	3,602
Property, plant & equipment	349	533	582	693	703	944	971	1,236	1,241
Capital work-in-progress	144	37	97	226	340	355	601	506	705
Investments	0	1	12	0	0	0	0	0	0
Inventories	206	249	325	343	372	397	466	537	719
Receivables	213	259	252	233	282	289	307	390	390
Cash & equivalents	17	71	49	5	6	17	3	6	6

Cash flow

annual · ₹ crore · line = free cash flow

	FY23	FY24	FY25	FY26
Cash from operations	-7	-16	134	-145
Cash from investing	-348	-424	-452	-327
Cash from financing	439	894	2	239
Capex	401	248	304	91
Free cash flow	-408	-265	-170	-237
Dividends paid	0	0	0	0

Where the assets sit

Sep '26 · ₹ crore

Fixed assets (PPE)

₹1,241 cr34%

CWIP

₹705 cr20%

Investments

₹0 cr0%

Inventories

₹719 cr20%

Receivables

₹390 cr11%

Cash & equivalents

₹6 cr0%

Other assets

₹541 cr15%

Peer comparison

largest in Chemicals · this company in bold

Company	Market cap ₹cr	Price	P/E	P/B	ROE
Solar Industries India Ltd.	1,68,402	18,608.00	74.4	21.95	29.5%
Pidilite Industries Ltd.	1,60,821	1,579.00	59.9	14.34	23.9%
SRF Ltd.	72,931	2,460.40	143.2	4.77	3.3%
Linde India Ltd.	58,496	6,859.00	755.3	13.33	1.8%
Coromandel International Ltd.	53,808	1,824.00	31.8	428.48	1349.1%
Gujarat Fluorochemicals Ltd.	51,320	4,665.50	75.6	6.12	8.1%
Fertilisers and Chemicals Travancore Ltd.	48,546	750.25	—	35.30	-3.1%
Navin Fluorine International Ltd.	46,221	9,010.00	50.8	10.36	20.4%
UPL Ltd.	45,199	534.90	23.9	1.30	5.4%
Himadri Speciality Chemical Ltd.	28,669	568.15	33.5	5.58	16.6%
Aether Industries Ltd.	20,729	1,561.80	83.2	7.99	9.6%

StoxGud checklist: Bullish setup · 7/10

Price above 50-day average
Price above 200-day average
50-day average above 200-day (uptrend)
RSI in healthy 40–70 zone
Positive 1-year return
Return on equity above 15%
Debt to equity below 1
Revenue growing year on year
Net profit margin above 10%
P/E below industry median

A rules-based screen of trend, momentum, quality and valuation. Educational only — not a buy or sell recommendation.

Returns & technicals

1 month-12.6%

6 months+28.6%

1 year+108.3%

3Y CAGR+20.9%

5Y CAGR—

10Y CAGR—

50-day avg₹1,630.65

200-day avg₹1,311.14

RSI (14)52

Compare Aether Industries Ltd. with

Himadri Speciality Chemical vs Aether Industries PI Industries vs Aether Industries Deepak Nitrite vs Aether Industries Aether Industries vs Sumitomo Chemical India Aether Industries vs Aarti Industries

FAQs

What is the share price of Aether Industries Ltd.?

Aether Industries Ltd. (AETHER) closed at ₹1,561.80 on NSE on 06 Nov 2026.

What is the market cap of Aether Industries Ltd.?

₹20,729 crore at the latest close.

What is the P/E ratio of Aether Industries Ltd.?

83.2, on trailing-twelve-month earnings from its filings.

How fast is Aether Industries Ltd. growing?

Aether Industries Ltd.: revenue has compounded at 21.2% a year over three years; net profit at 18.9% a year. Latest-quarter revenue is up 26.2% year on year, profit up 26.0%.

How profitable is Aether Industries Ltd.?

On a trailing-twelve-month basis return on equity is 9.6%, return on capital employed 10.7%, operating margin 31.4%, net margin 19.2%.

How much debt does Aether Industries Ltd. have?

Aether Industries Ltd. is lightly geared: debt to equity is 0.25 with borrowings of ₹659 cr against cash of ₹6 cr (balance sheet of 2026-09-30). Operating profit covers interest 16.6 times.

Financials parsed from Aether Industries Ltd.'s own XBRL filings to NSE (consolidated), ₹ crore unless marked. Quarterly from SEP '22, annual from FY23, balance sheet from Sep '22. * = derived (full year or half year minus earlier quarters). Information only, not investment advice.