Aether Industries Ltd

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

Aether Industries Ltd

₹ 861 2.19%
04 Dec 1:57 p.m.
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 ₹ 11,411 Cr.
  • Current Price ₹ 861
  • High / Low ₹ 1,071 / 762
  • Stock P/E 123
  • Book Value ₹ 161
  • Dividend Yield 0.00 %
  • ROCE 7.49 %
  • ROE 5.59 %
  • Face Value ₹ 10.0
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Pros

Cons

  • Stock is trading at 5.29 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

Part of BSE 500 BSE 250 SmallCap Index BSE 400 MidSmallCap Index BSE SmallCap BSE Allcap

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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 Jun 2024 Sep 2024
141 151 148 160 140 167 184 161 164 155 118 180 199
101 112 105 118 103 120 124 116 118 124 107 137 145
Operating Profit 40 39 42 42 37 47 60 45 46 31 10 43 54
OPM % 29% 26% 29% 27% 26% 28% 32% 28% 28% 20% 9% 24% 27%
3 2 0 6 6 3 1 2 14 5 4 9 8
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 49 24 0 39 49
Tax % 32% 25% 26% 26% 27% 20% 28% 19% 25% 27% 486% 24% 28%
25 25 26 31 27 35 38 30 37 17 -1 30 35
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 2.26 2.63
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Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2022 Mar 2023 Mar 2024 TTM
590 651 598 652
422 465 466 513
Operating Profit 168 186 132 138
OPM % 28% 29% 22% 21%
7 17 25 26
Interest 13 5 9 10
Depreciation 15 23 40 42
Profit before tax 146 174 110 112
Tax % 26% 25% 25%
109 130 82 81
EPS in Rs 9.67 10.47 6.22 6.09
Dividend Payout % 0% 0% 0%
Compounded Sales Growth
10 Years: %
5 Years: %
3 Years: %
TTM: -4%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: %
TTM: -33%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: %
1 Year: 8%
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 Sep 2024
Equity Capital 113 125 133 133
Reserves 274 1,120 1,931 1,997
291 16 183 216
92 120 154 219
Total Liabilities 770 1,380 2,401 2,565
257 646 853 881
CWIP 58 37 232 340
Investments 17 1 0 0
438 695 1,315 1,343
Total Assets 770 1,380 2,401 2,565

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 221 301 411
Days Payable 95 99 124
Cash Conversion Cycle 227 348 429
Working Capital Days 183 269 384
ROCE % 18% 7%

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.

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Documents

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Annual reports

DRHP

Credit ratings

Concalls