Chemicals · NIFTY 500

Aether Industries Limited

NSEAETHER BSE543534 ISININE0BWX01014 SeriesEQ Listed on NSE · BSE

₹1,689.40 +53.50 (+3.27%) Updated 12 Nov, 8:49 pm IST

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Price, daily close+106.21% in a year

Today

Open: ₹1,648.50
Prev close: ₹1,635.90
Day high: ₹1,695.10
Day low: ₹1,636.80
Volume: 2.24 L
Value traded: ₹37.42 Cr
Upper circuit: ₹1,963.00
Lower circuit: ₹1,308.80
52W high: ₹1,814.10
52W low: ₹728.00
1 month: -10.45%
6 months: +30.07%

52W low52W high

Ratios

Key numbers

Worked out from the latest filings (Consolidated) and today's price. TTM = last four quarters.

Market cap₹22,423 Cr

P/E (TTM)89.86

P/B8.64

Book value / share₹195.42

EPS (TTM)₹18.80

ROE9.6%

Dividend yield—

Dividend (12m)—

Net margin (TTM)19.2%

Operating margin31.8%

Debt / equity0.25

Current ratio1.95

EV / EBITDA57.29

Sales growth (YoY qtr)+26.22%

Profit growth (YoY qtr)+26.02%

Sales CAGR 3Y+21.23%

Profit CAGR 3Y+18.94%

Shares13.27 Cr

Quarterly results

Results for each quarter

Last 12 quarters, consolidated, ₹ crore. Hover a bar to see the number.

Revenue and net profit

1550.0

Dec 23

118-1.4

Mar 24

18029.9

Jun 24

19934.8

Sep 24

22043.4

Dec 24

24050.3

Mar 25

25647.0

Jun 25

27554.0

Sep 25

31764.5

Dec 25

30554.0

Mar 26

32762.7

Jun 26

34768.0

Sep 26

Revenue · QoQ (vs last quarter)

—-24%+53%+10%+11%+9.3%+6.6%+7.4%+15%-3.8%+7.0%+6.3%

Revenue · YoY (vs a year ago)

————+41%+104%+42%+38%+44%+27%+27%+26%

Net profit · QoQ (vs last quarter)

——+2,196%+16%+25%+16%-6.5%+15%+20%-16%+16%+8.4%

Net profit · YoY (vs a year ago)

—————+3,622%+57%+55%+49%+7.4%+33%+26%

RevenueNet profitLine = trend

1.32

Dec 23

-0.11

Mar 24

2.26

Jun 24

2.63

Sep 24

3.27

Dec 24

3.79

Mar 25

3.55

Jun 25

4.07

Sep 25

4.86

Dec 25

4.07

Mar 26

4.76

Jun 26

5.11

Sep 26

EPS (₹) · YoY (vs a year ago)

————+148%+3,545%+57%+55%+49%+7.4%+34%+26%

EPS (₹)Line = trend

₹ Cr	Dec 23	Mar 24	Jun 24	Sep 24	Dec 24	Mar 25	Jun 25	Sep 25	Dec 25	Mar 26	Jun 26	Sep 26
Revenue	155	118	180	199	220	240	256	275	317	305	327	347
Other income	11.3	11.6	12.0	11.0	13.6	5.1	2.6	8.7	0.1	11.2	7.7	5.1
Total income	167	129	192	210	233	245	259	284	317	316	334	352
Raw material	94.3	78.2	97.8	108	129	173	164	161	159	197	185	267
Purchases	0.0	0.0	0.0	-1.1	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Employee cost	9.2	11.6	10.5	9.9	11.6	10.7	12.9	13.3	17.4	17.5	19.1	19.8
Other expenses	23.6	19.0	23.9	28.6	29.0	26.7	28.9	31.1	36.4	33.0	40.9	49.8
Total expenses	136	121	150	158	169	179	194	207	228	247	251	264
Operating profit	25.0	2.8	40.2	50.3	62.0	76.8	78.1	85.3	108	81.4	103	110
OPM %	16.1%	2.4%	22.3%	25.3%	28.2%	32.0%	30.5%	31.0%	34.1%	26.7%	31.5%	31.8%
Finance cost	2.1	3.6	2.6	2.0	3.2	5.1	4.8	3.2	3.9	6.1	5.6	5.3
Depreciation	10.3	10.4	10.2	10.8	11.1	13.0	14.2	16.5	17.3	18.4	21.4	21.7
Exceptional items	-6.4	-7.4	-3.0	-3.3	-2.7	-2.8	-2.6	-2.7	-2.3	-1.3	—	—
Profit before tax	23.8	0.4	39.3	48.5	61.4	63.7	61.6	74.3	87.2	68.0	83.5	88.5
Tax	6.4	1.8	9.4	13.7	18.0	13.4	14.6	20.3	22.7	14.0	20.7	20.5
Net profit	17.4	-1.4	29.9	34.8	43.4	50.3	47.0	54.0	64.5	54.0	62.7	68.0
Profit to shareholders	0.0	-1.4	—	—	—	50.3	—	54.0	64.5	54.0	—	68.0
EPS (₹)	1.32	-0.11	2.26	2.63	3.27	3.79	3.55	4.07	4.86	4.07	4.76	5.11

Profit & loss

Results for each year

4 financial years (April to March), consolidated, ₹ crore.

Sales, operating profit and net profit

651186130

FY23

59811882.5

FY24

839229158

FY25

1,160355219

FY26

Revenue · YoY (vs a year ago)

—-8.1%+40%+38%

Net profit · YoY (vs a year ago)

—-37%+92%+39%

RevenueOperating profitNet profitLine = trend

₹ Cr	FY23	FY24	FY25	FY26
Revenue	651	598	839	1,160
Other income	16.6	39.2	41.6	20.9
Total expenses	493	514	655	881
Employee cost	34.5	38.6	42.8	62.7
Operating profit	186	118	229	355
OPM %	28.6%	19.8%	27.3%	30.6%
Finance cost	5.1	8.5	12.9	18.1
Depreciation	23.2	39.7	45.0	66.4
Profit before tax	174	110	213	291
Tax	44.1	27.0	54.6	61.4
Tax rate %	25.3%	24.7%	25.6%	21.1%
Net profit	130	82.5	158	230
Profit to shareholders	130	82.5	158	219
Net margin %	20.0%	13.8%	18.9%	18.9%
EPS (₹)	10.47	6.22	11.95	16.55

Balance sheet

Assets and debt

At each year end (and the latest half year), ₹ crore.

Equity, debt and assets

1,2450.170.9

Mar 23

2,0631695.4

Mar 24

2,22619717.4

Mar 25

2,4564425.7

Mar 26

2,5946595.7

Sep 26

Shareholders' equity · YoY (vs a year ago)

—+66%+7.9%+10%—

Shareholders' equityBorrowingsCashLine = trend

₹ Cr	Mar 23	Mar 24	Mar 25	Mar 26	Sep 26
Shareholders' equity	1,245	2,063	2,226	2,456	2,594
Long-term borrowings	0.0	0.0	14.8	0.0	207
Short-term borrowings	0.1	169	183	442	452
Total borrowings	0.1	169	197	442	659
Current liabilities	94.0	289	351	657	702
Fixed assets (PPE)	533	693	944	1,236	1,241
Inventories	249	343	397	537	719
Trade receivables	259	233	289	390	390
Cash & equivalents	70.9	5.4	17.4	5.7	5.7
Current assets	675	1,303	1,138	1,171	1,370
Total assets	1,380	2,401	2,644	3,201	3,602
Debt / equity	0.00	0.08	0.09	0.18	0.25

Cash flow

Cash coming in and going out

For each financial year, ₹ crore. Free cash flow = cash from operations minus spending on fixed assets.

Operating, investing and financing cash

-6.6-348439

FY23

-16.5-424894

FY24

135-4521.9

FY25

-145-327239

FY26

Operations · YoY (vs a year ago)

—-151%+917%-208%

OperationsInvestingFinancingLine = trend

₹ Cr	FY23	FY24	FY25	FY26
Cash from operations	-6.6	-16.5	135	-145
Cash from investing	-348	-424	-452	-327
Cash from financing	439	894	1.9	239
Spent on fixed assets	-401	-248	-304	-91.3
Free cash flow	-408	-265	-170	-237
Net cash flow	84.3	453	-316	-233

Shareholding

Who holds the shares

Promoter and public holding at each quarter end, as filed with NSE.

Holding over time

81.8%Dec 23

81.8%Mar 24

81.8%Jun 24

81.8%Sep 24

81.8%Dec 24

81.8%Mar 25

75.0%Jun 25

75.0%Sep 25

75.0%Dec 25

75.0%Mar 26

74.9%Jun 26

74.9%Sep 26

Promoter & groupPublic

Latest (30 Sep 2026)

74.9%promoter

Promoter & group: 74.92%
Public (FIIs, mutual funds, retail…): 25.08%
Promoter change, last quarter: -0.01 pts

Dividends & news

Latest dividends and announcements

Dividends & corporate actions

No recent corporate actions.

Board meetings

the financial results for the period ended September 30, 2026 and other business matters.30-Oct-2026
the Half Yearly Unaudited Financial results of the Company for the period ended September 2026 and Other business.30-Oct-2026
the Quarterly Unaudited Financial results of the Company for the period ended June 2027 and Other business.31-Jul-2026
This is to inform that in accordance with Regulation 29 of the SEBI (Listing Obligation andDisclosure Requirements) Regulations, 2015, as amended, th…31-Jul-2026
Aether Industries Limited has informed the Exchange about Board Meeting to be held on 15-May-2026 to inter-alia consider and approve the Audited Fina…15-May-2026

Filings with NSE

Analysts/Institutional Investor Meet/Con. Call Updates4 Nov
General Updates4 Nov
Analysts/Institutional Investor Meet/Con. Call Updates3 Nov
General Updates2 Nov
Analysts/Institutional Investor Meet/Con. Call Updates30 Oct
Investor Presentation30 Oct
Investor Presentation30 Oct

Latest news

Aether Industries rallies 9%; stock up 109% thus far in CY2026Business Standard · 25 Sep, 12:30 pm Aether Industries Share Price News After Latest DeclineUnivest · 21 Oct, 12:30 pm Stock Stories: The Chemical Alchemist – Why Aether Industries is Scaling New HeightsMarketSmith India · 25 Mar, 12:30 pm AETHER Forecast — Price Target — Prediction for 2027TradingView · 26 Jun, 8:49 am Aether Industries shares soar 8% to 52-week high as Q1 profit surges 33% YoY to ₹63 crore; EBITDA margin expandsUpstox · 31 Jul, 12:30 pm Aether Industries (NSEI:AETHER) Stock Forecast & Analyst PredictionsSimply Wall St · 1 Nov, 12:30 pm Stocks to buy: Nagaraj Shetti recommends Aether Industries, Supreme Industries shares to buy in the short-termLivemint · 30 Jul, 12:30 pm Aether Industries zooms 75% so far in 2026; should investors book profit?Business Standard · 9 Jul, 12:30 pm

About

About Aether Industries Limited

Aether Industries Limited is listed on the NSE under the symbol AETHER and belongs to the Chemicals sector.

Company details

Company name: Aether Industries Limited
NSE symbol: AETHER
BSE scrip code: 543534
ISIN: INE0BWX01014
Listed on: NSE, BSE
Series: EQ (normal equity)
Listed on NSE since: 3 Jun 2022
Face value: ₹10 per share
Market lot: 1 share
Shares issued: 13.27 crore
Index: NIFTY 500
Sector (NSE): Chemicals
Industry: Chemicals: Major Diversified
Managing director / CEO: Ashwin Desai
Chair: Kamalvijay Ramchandra Tulsian
Headquarters: Surat, Gujarat, India
Registered address: Aether Industries Limited, Plot No. 8203, GIDC Sachin, Surat-394230, GJ.
Founded: 2013
Employees: 1,449
Financial year: April to March
Results basis: Consolidated
Website: aether.co.in

Peers

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Prices from NSE via Upstox. Financials from the company's results filed with NSE (XBRL); ratios are our own working. Profile from global-stock-logos (MIT). For information only, not a recommendation to buy or sell.

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Aether Industries Limited

Today

Ratios

Quarterly results

Revenue and net profit

Profit & loss

Sales, operating profit and net profit

Balance sheet

Equity, debt and assets

Cash flow

Operating, investing and financing cash

Shareholding

Holding over time

Latest (30 Sep 2026)

Dividends & news

Dividends & corporate actions

Board meetings

Filings with NSE

Latest news

About

Company details

Peers