Aether Industries Ltd

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

Aether Industries Ltd

₹ 913 -1.52%
02 Jul - 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 ₹ 12,101 Cr.
  • Current Price ₹ 913
  • High / Low ₹ 1,136 / 762
  • Stock P/E 130
  • Book Value ₹ 156
  • Dividend Yield 0.00 %
  • ROCE 7.52 %
  • ROE 5.61 %
  • Face Value ₹ 10.0
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Pros

  • Company is almost debt free.

Cons

  • Stock is trading at 5.86 times its book value
  • Though the company is reporting repeated profits, it is not paying out dividend

* 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

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
141.24 151.28 147.50 160.01 140.15 167.13 183.78 161.11 164.17 155.36 117.53
100.78 112.06 105.38 117.56 103.28 119.83 124.15 116.38 118.20 124.04 107.30
Operating Profit 40.46 39.22 42.12 42.45 36.87 47.30 59.63 44.73 45.97 31.32 10.23
OPM % 28.65% 25.93% 28.56% 26.53% 26.31% 28.30% 32.45% 27.76% 28.00% 20.16% 8.70%
3.21 2.38 0.20 6.16 6.42 3.40 0.59 2.26 14.14 4.89 4.16
Interest 3.20 3.64 3.09 2.87 0.61 0.44 1.17 1.17 1.64 2.06 3.65
Depreciation 3.36 4.18 4.07 4.51 5.44 6.40 6.89 9.23 9.74 10.33 10.37
Profit before tax 37.11 33.78 35.16 41.23 37.24 43.86 52.16 36.59 48.73 23.82 0.37
Tax % 32.15% 24.81% 26.00% 25.73% 26.96% 20.13% 27.97% 18.53% 24.73% 26.83% 486.49%
25.18 25.40 26.02 30.62 27.20 35.04 37.56 29.81 36.68 17.43 -1.43
EPS in Rs 24.93 2.25 2.31 2.46 2.19 2.81 3.02 2.25 2.77 1.31 -0.11
Raw PDF
Upcoming result date: 19 July 2024

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2022 Mar 2023 Mar 2024
590 651 598
422 465 466
Operating Profit 168 186 132
OPM % 28% 29% 22%
7 17 25
Interest 13 5 9
Depreciation 15 23 40
Profit before tax 146 174 110
Tax % 26% 25% 25%
109 130 82
EPS in Rs 9.67 10.47 6.22
Dividend Payout % 0% 0% 0%
Compounded Sales Growth
10 Years: %
5 Years: %
3 Years: %
TTM: -8%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: %
TTM: -28%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: %
1 Year: -14%
Return on Equity
10 Years: %
5 Years: %
3 Years: %
Last Year: 6%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2022 Mar 2023 Mar 2024
Equity Capital 113 125 133
Reserves 274 1,120 1,931
291 16 183
92 120 154
Total Liabilities 770 1,380 2,401
257 646 860
CWIP 58 37 226
Investments 17 1 0
438 695 1,315
Total Assets 770 1,380 2,401

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2022 Mar 2023 Mar 2024
-5 -7 -16
-151 -348 -424
169 439 894
Net Cash Flow 12 84 453

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2022 Mar 2023 Mar 2024
Debtor Days 101 145 142
Inventory Days 221 301 391
Days Payable 95 99 118
Cash Conversion Cycle 227 348 415
Working Capital Days 183 269 384
ROCE % 18%

Shareholding Pattern

Numbers in percentages

Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
87.09% 87.10% 87.07% 87.07% 81.80% 81.80% 81.79% 81.79%
1.80% 1.49% 1.56% 1.57% 1.87% 2.44% 1.97% 2.22%
8.33% 8.39% 8.35% 8.39% 13.65% 12.99% 11.79% 11.82%
2.78% 3.03% 3.01% 2.98% 2.67% 2.76% 4.44% 4.16%
No. of Shareholders 51,63957,52956,84053,45655,20860,46684,00078,655

* 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.

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Documents

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