Aether Industries Ltd

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

Aether Industries Ltd

₹ 843 0.64%
03 Dec - 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 ₹ 11,169 Cr.
  • Current Price ₹ 843
  • High / Low ₹ 1,071 / 762
  • Stock P/E 110
  • Book Value ₹ 161
  • Dividend Yield 0.00 %
  • ROCE 7.82 %
  • ROE 5.93 %
  • Face Value ₹ 10.0
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Pros

  • Company is almost debt free.

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company has a low return on equity of 12.2% over last 3 years.
  • Working capital days have increased from 297 days to 440 days

* 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 Nifty Microcap 250 Nifty Total Market BSE 400 MidSmallCap Index BSE 250 SmallCap Index BSE 500

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
141 151 148 160 140 167 184 161 164 155 115 180 196
101 112 105 118 103 120 124 116 118 124 106 137 142
Operating Profit 40 39 42 42 37 47 60 45 46 31 9 43 55
OPM % 29% 26% 29% 27% 26% 28% 32% 28% 28% 20% 8% 24% 28%
3 2 0 6 6 3 1 3 15 6 6 9 9
Interest 3 4 3 3 1 0 1 1 2 2 4 3 2
Depreciation 3 4 4 5 5 6 7 9 10 10 10 10 11
Profit before tax 37 34 35 41 37 44 52 37 50 25 2 40 52
Tax % 32% 25% 26% 26% 27% 20% 28% 18% 24% 25% 40% 24% 26%
25 25 26 31 27 35 38 30 38 19 1 30 38
EPS in Rs 24.93 2.25 2.31 2.46 2.19 2.81 3.02 2.28 2.85 1.44 0.08 2.28 2.87
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Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
0 1 0 24 109 201 302 450 590 651 596 647
1 3 1 22 85 154 230 338 422 465 464 508
Operating Profit -1 -2 -1 2 23 48 72 112 168 186 131 139
OPM % -252% -194% 10% 21% 24% 24% 25% 28% 29% 22% 21%
3 4 1 0 0 2 2 4 7 17 30 31
Interest 1 1 0 1 9 11 9 11 13 5 9 10
Depreciation 0 0 0 1 5 6 8 11 15 23 39 41
Profit before tax 0 0 0 1 9 33 57 94 146 174 114 119
Tax % 39% 27% 31% 300% 17% 28% 29% 24% 26% 25% 23%
0 0 0 -1 8 23 40 71 109 130 88 88
EPS in Rs 0.14 0.12 0.11 -1.27 9.08 27.27 46.68 70.43 9.67 10.47 6.65 6.67
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: %
5 Years: 24%
3 Years: 10%
TTM: -4%
Compounded Profit Growth
10 Years: 50%
5 Years: 33%
3 Years: 11%
TTM: -28%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: %
1 Year: 7%
Return on Equity
10 Years: 16%
5 Years: 15%
3 Years: 12%
Last Year: 6%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 9 9 34 9 9 9 9 10 113 125 133 133
Reserves 0 0 0 -1 7 30 70 164 274 1,120 1,936 2,006
40 35 53 111 126 126 172 211 291 16 144 157
1 1 -21 19 18 42 50 67 92 120 143 214
Total Liabilities 50 45 65 137 159 207 300 453 770 1,380 2,356 2,510
2 1 1 56 100 106 129 216 257 646 743 757
CWIP 7 20 42 40 2 1 17 0 58 37 219 322
Investments 16 8 0 0 0 0 0 22 17 1 0 100
25 15 21 41 56 99 154 214 438 695 1,393 1,330
Total Assets 50 45 65 137 159 207 300 453 770 1,380 2,356 2,510

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
-1 -3 -6 -9 6 23 18 23 -5 -7 -2
-33 2 -14 -48 -11 -13 -48 -77 -151 -348 -399
47 -6 17 57 4 -10 33 55 169 439 854
Net Cash Flow 13 -8 -3 -1 -0 0 2 2 12 84 453

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 94 4,358 167 88 87 76 88 101 145 141
Inventory Days 52 9,733 629 149 133 166 141 221 301 411
Days Payable 172 1,922 575 92 76 88 82 95 99 113
Cash Conversion Cycle -25 12,169 220 144 144 153 147 227 348 439
Working Capital Days 3,568 15,983 304 123 71 97 121 183 269 440
ROCE % -1% -0% 2% 14% 28% 32% 33% 30% 18% 8%

Shareholding Pattern

Numbers in percentages

2 Recently
Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
87.09% 87.10% 87.07% 87.07% 81.80% 81.80% 81.79% 81.79% 81.79% 81.78%
1.80% 1.49% 1.56% 1.57% 1.87% 2.44% 1.97% 2.22% 2.90% 3.17%
8.33% 8.39% 8.35% 8.39% 13.65% 12.99% 11.79% 11.82% 11.55% 11.63%
2.78% 3.03% 3.01% 2.98% 2.67% 2.76% 4.44% 4.16% 3.74% 3.40%
No. of Shareholders 51,63957,52956,84053,45655,20860,46684,00078,65571,68367,251

* 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.

Click on the line-items to see the names of individual entities.

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