Aether Industries Limited share price

Aether Industries Limited produces and sells advanced intermediates and specialty chemicals in India and internationally. It provides large-scale manufacturing, contract research and manufacturing services, as well as contract/exclusive manufacturing services. The company serves its products to the chemical industry, including multinational, regional, and local companies in the pharmaceuticals, agrochemicals, materials science, coatings, photography, additives, and oil and gas industries. It also exports its products. The company collaborate with Dow Chemical International Private Limited to manufactures silicone technology development in India. Aether Industries Limited was incorporated in…Read more

Website NSE हिंदी में BSE

ChemicalsSpecialty ChemicalsNifty 500 Nifty Smallcap 250NSE: AETHERISIN INE0BWX01014

16 Oct 2026, 3:29 PM IST₹1,538.60▼ 57.00 (3.57%)

Market Cap₹ 20,422 Cr.
Current Price₹ 1,538.60
High / Low₹ 1,814 / 728
Stock P/E86.6
Book Value₹ 185
Dividend Yield0.00 %
ROCE12.1 %
ROE9.40 %
Face Value₹ 10.0

More figures (10)

EPS (TTM)₹ 17.76
Price / Book8.31
OPM24.0 %
Debt / Equity0.19
Sales growth (3Y)21.2 %
Profit growth (3Y)18.9 %
Promoter holding76.6 %
EV / EBITDA53.9
Beta-0.12
All-time high₹ 1,814

Price chart

Price on NSE 50 DMA 200 DMA Volume

Returns	1M	3M	6M	YTD	1Y	3Y CAGR	5Y CAGR
AETHER	-4.02%	+2.63%	+29.58%	+78.89%	+105.65%	+18.28%	—
Nifty 50	-0.31%	-3.85%	-4.34%	-11.42%	-9.53%	+5.46%	+4.76%

Price returns only (dividends not included). Prices from NSE via Yahoo Finance; may be delayed.

Quick take

Aether Industries Limited is in the Specialty Chemicals industry (Basic Materials), with a market value of ₹20,422 crore.
It trades at 86.6 times its last 12 months' earnings and 8.3 times book value.
Revenue grew 21.2% a year over the last 3 years, profit 18.9% a year.
Return on equity was 9.4% and return on capital employed 12.1% in the latest year.
Debt was 0.19 times shareholders' equity.
The share price is 15.2% below its 52-week high and up 105.7% over one year.
Promoters and insiders hold about 76.6%; institutions about 11.8%.

Pros

Sales have grown 21.2% a year over the last 3 years.
Profit has grown 18.9% a year over the last 3 years.
Latest quarter (Jun 2026): sales up 27% and profit up 33% from a year ago.
Trades at 86.6 times earnings, below its 3-year median of 102.5.
Borrowings are moderate at 0.19 times shareholders' equity.

Cons

Return on equity has been low: 7.3% on average over the last 3 years.
Promoter holding has fallen by 6.87 points over 3 years, to 74.92%.
Trades at 8.3 times its book value.
The company has not paid a dividend recently.

Pros and cons are generated automatically from the reported figures. They are observations, not a recommendation to buy or sell.

AI analysis

Plenitude AI reads the figures on this page and explains them in plain language. It does not say whether to buy or sell.

About Aether Industries Limited

Employees: 817
Head office: Surat
NSE industry: Chemicals

Basic MaterialsChemicalsSpecialty Chemicals

Part ofNifty 500 Nifty Smallcap 250

S.No.	Company	CMP ₹	P/E	Mar Cap ₹ Cr	Div Yld %	NP Qtr ₹ Cr	Qtr Profit Var %	Sales Qtr ₹ Cr	Qtr Sales Var %	ROCE %	ROE %	P/B	OPM %	Debt / Eq	Prom. Hold. %	Sales ₹ Cr	Sales Var 3Yrs %
1.	Aether Industries	1,538.60	86.6	20,422	0.00	63	33.45	327	27.49	12.1	9.4	8.31	24.0	0.19	76.58	1,160	21.2
2.	Asian Paints	2,331.90	46.9	2,23,546	1.17	1,539	39.96	10,521	17.89	24.4	21.2	10.47	15.8	0.18	52.90	35,541	1.1
3.	Pidilite Industries	1,502.80	57.8	1,53,066	0.76	884	30.29	4,552	21.27	28.5	23.8	14.12	21.6	0.04	69.28	14,601	7.4
4.	Berger Paints India	473.95	45.4	55,263	0.85	404	54.30	3,584	32.53	20.6	17.2	7.99	12.6	0.09	75.60	11,790	4.2
5.	Acutaas Chemicals	3,206.00	68.2	26,248	0.08	74	18.85	330	9.32	27.7	24.0	15.88	33.5	0.02	38.31	1,329	29.4
6.	Kingfa Science & Technology (India)	6,536.00	39.2	8,857	0.31	80	101.57	689	49.06	17.9	17.4	6.33	12.9	0.01	74.88	1,996	12.4
7.	Fineotex Chemical	57.25	44.7	6,667	0.22	48	92.60	377	174.77	16.1	13.5	5.40	16.0	0.01	65.57	772	14.3
8.	Polyplex Corporation	1,000.00	20.2	3,259	0.20	171	—	2,254	29.62	1.0	1.1	0.74	2.1	0.22	56.54	7,086	-2.5
9.	Apcotex Industries	597.45	19.2	3,097	1.36	79	312.01	526	39.88	21.0	17.3	4.99	9.4	0.16	59.26	1,441	10.1
10.	Excel Industries	931.60	16.4	1,171	1.51	29	-12.71	294	-5.07	5.3	4.6	0.69	7.4	0.00	56.59	1,095	0.1
	Median: 16 Co.	1,251.40	33.2	3,178	0.27	80	39.96	607	28.56	19.3	15.4	5.86	11.0	0.07	62.42	1,719	8.1

Companies in the same industry; the median covers every company in it that we hold figures for. Tap a heading to sort. Sorting and comparing are ways to explore data, not recommendations.

Quarterly Results

Consolidated figures in ₹ crore /

₹ Cr	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	161	164	155	118	180	199	220	240	256	275	317	305	327
YOY Sales Growth %		17.14%	-7.04%	-36.05%	11.74%	21.09%	41.40%	104.37%	42.29%	38.38%	44.36%	27.03%	27.49%
	116	118	124	107	137	145	155	161	175	187	207	222	224
Material Cost %	48%	46%	59%	65%	57%	54%	52%	51%	52%	52%	48%	56%	50%
Employee Cost %	5%	7%	6%	10%	6%	5%	5%	4%	5%	5%	6%	6%	6%
Other Expenses %	20%	19%	15%	16%	13%	14%	13%	11%	11%	11%	11%	11%	13%
Operating Profit	45	46	31	10	43	54	65	80	81	88	111	83	103
OPM %	28%	28%	20%	9%	24%	27%	29%	33%	32%	32%	35%	27%	31%
	2	14	11	12	12	11	14	5	3	9	0	11	8
Exceptional items			-6	-7	-3	-3	-3	-3	-3	-3	-2	-1
Interest	1	2	2	4	3	2	3	5	5	3	4	6	6
Depreciation	9	10	10	10	10	11	11	13	14	17	17	18	21
Profit before tax	37	49	24	0	39	49	61	64	62	74	87	68	83
	19%	25%	27%	477%	24%	28%	29%	21%	24%	27%	26%	21%	25%
Current tax	6	11	4	-3	7	12	11	8	12	14	18	7	12
Deferred tax	1	1	3	5	2	2	7	6	3	6	5	7	9
	30	37	17	-1	30	35	43	50	47	54	64	54	63
Profit to shareholders				-1				50		54	64	54
YOY Profit Growth %		34.84%	-50.26%	-103.80%	0.40%	-5.12%	148.97%		57.09%	55.05%	48.60%	7.38%	33.45%
EPS in Rs	0.23	0.28	1.32	-0.11	2.26	2.63	3.27	3.79	3.55	4.07	4.86	4.07	4.77
Raw filing

₹ Cr	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	161	164	155	115	180	196	197	215	214	225	257	237	257
YOY Sales Growth %		17.14%	-7.04%	-37.41%	11.74%	19.66%	27.05%	86.62%	19.06%	14.39%	30.27%	10.55%	19.68%
	116	118	124	106	137	142	138	147	146	153	165	176	177
Material Cost %	48%	46%	59%	65%	57%	53%	49%	51%	49%	49%	44%	53%	46%
Employee Cost %	5%	7%	6%	10%	6%	5%	6%	5%	6%	6%	7%	7%	7%
Other Expenses %	19%	19%	15%	16%	13%	14%	15%	12%	13%	13%	13%	13%	15%
Operating Profit	45	46	31	9	43	55	60	67	69	72	92	62	80
OPM %	28%	28%	20%	8%	24%	28%	30%	31%	32%	32%	36%	26%	31%
	3	15	13	14	12	13	14	6	3	10	1	10	10
Exceptional items			-6	-7	-3	-3	-3	-3	-3	-3	-2	-1
Interest	1	2	2	4	3	2	3	2	3	2	3	5	4
Depreciation	9	10	10	10	10	11	10	12	13	15	16	17	20
Profit before tax	37	50	25	2	40	52	57	56	53	62	72	49	66
	18%	24%	25%	40%	24%	26%	29%	23%	24%	29%	28%	22%	27%
Current tax	6	11	4	-3	7	12	11	8	10	12	15	4	9
Deferred tax	1	1	3	4	2	2	5	5	3	6	5	7	8
	30	38	19	1	30	38	41	43	40	44	52	38	48
YOY Profit Growth %		38.97%	-45.60%	-97.24%	0.15%	0.72%	114.33%	4,042.86%	32.72%	14.45%	27.19%	-11.61%	20.35%
EPS in Rs	0.23	0.29	1.44	0.08	2.28	2.87	3.08	3.24	3.03	3.29	3.92	2.86	3.64
Raw filing

Source: the company's results filed with NSE, as reported. EPS restated for bonus issues and splits. Tap a row marked + for its breakdown. Latest quarter on the right.

Profit & Loss

Consolidated figures in ₹ crore /

₹ Cr	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
	651	598	839	1,160	1,224
YOY Sales Growth %		-8.13%	40.21%	38.33%
	465	466	598	797	840
Material Cost %	49%	54%	53%	52%	52%
Employee Cost %	5%	6%	5%	5%	5%
Other Expenses %	17%	18%	13%	11%	12%
Operating Profit	186	132	241	364	384
OPM %	29%	22%	29%	31%	31%
	17	39	42	21	28
Exceptional items		-14	-12	-9	-6
Interest	5	9	13	18	19
Depreciation	23	40	45	66	74
Profit before tax	174	110	213	291	313
	25%	25%	26%	25%	25%
Current tax	31	17	38	51
Deferred tax	13	10	17	21
	130	82	158	219	235
Profit to shareholders	130	82	158	219
YOY Profit Growth %		-36.75%	92.04%	38.53%
EPS in Rs	1.05	6.22	11.95	16.55	17.77

Compounded Sales Growth

3 Years:: 21%
TTM:: 34%

Compounded Profit Growth

3 Years:: 19%
TTM:: 34%

Stock Price CAGR

3 Years:: 18%
1 Year:: 106%

Return on Equity

4 Years:: 8%
Last Year:: 9%

₹ Cr	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
	651	596	789	940	976
YOY Sales Growth %		-8.51%	32.38%	19.23%
	465	464	563	645	671
Material Cost %	49%	54%	52%	48%	48%
Employee Cost %	5%	6%	5%	7%	7%
Other Expenses %	17%	18%	14%	14%	14%
Operating Profit	186	131	225	295	305
OPM %	29%	22%	29%	31%	31%
	17	44	44	22	30
Exceptional items		-14	-12	-9	-6
Interest	5	9	10	12	13
Depreciation	23	39	43	61	68
Profit before tax	174	114	205	235	248
	25%	23%	26%	26%	27%
Current tax	31	17	38	41
Deferred tax	13	9	15	20
	130	88	152	174	182
YOY Profit Growth %		-32.45%	72.64%	14.15%
EPS in Rs	1.05	10.47	11.47	13.09	13.71

Compounded Sales Growth

3 Years:: 13%
TTM:: 19%

Compounded Profit Growth

3 Years:: 10%
TTM:: 12%

Stock Price CAGR

3 Years:: 18%
1 Year:: 106%

Return on Equity

4 Years:: 8%
Last Year:: 9%

Financial years ending March; TTM = the last four quarters. Source: the company's results filed with NSE, as reported. EPS restated for bonus issues and splits. Tap a row marked + for its breakdown. Dividend payout = dividends paid in the year ÷ net profit.

Balance Sheet

Consolidated figures in ₹ crore, as at 31 March

₹ Cr	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	125	133	133	133
Reserves	1,120	1,931	2,093	2,323
	16	183	200	458
Short term borrowings	0	169	183	442
	120	154	218	288
Trade payables	82	104	128	197
Current liabilities	94	289	351	657
Total Liabilities	1,380	2,401	2,644	3,201
	701	1,082	1,491	2,016
Gross block	771	1,190	1,643	2,222
Accumulated depreciation	70	108	151	206
Goodwill & intangibles	1	7	9	11
CWIP	56	229	375	521
	623	1,090	778	664
Inventories	249	343	397	537
Trade receivables	259	233	289	390
Cash & equivalents	71	5	17	6
Current assets	675	1,303	1,138	1,171
Total Assets	1,380	2,401	2,644	3,201

Source: Yahoo Finance (compiled from the annual reports). Tap a row marked + for its breakdown.

Cash Flows

Consolidated figures in ₹ crore, financial years ending March

₹ Cr	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	-7	-16	100	142
Profit for the year	130	82	158	219
Working capital changes	-170	-127	-84	-177
Direct taxes paid	-32	-17	-54	-54
	-348	-424	-418	-619
Fixed assets purchased	-401	-428	-452	-623
Fixed assets sold	45
Investments sold		4	34
	439	894	1	244
Interest paid	-5	-7	-12	-17
Net Cash Flow	84	453	-317	-233
Free Cash Flow	-408	-444	-352	-481

Free cash flow = cash from operations − capital expenditure. Source: Yahoo Finance.

Ratios

Ratio	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
ROE	—	10.5%	5.0%	7.4%	9.4%
ROCE	—	13.9%	5.6%	9.8%	12.1%
Operating margin	—	25.0%	15.5%	23.6%	24.0%
Net margin	—	20.0%	13.8%	18.9%	19.4%
Debt / equity	—	0.01	0.09	0.09	0.19
Current ratio	—	7.18	4.51	3.25	1.78
Debtor days	—	145	142	126	126
Inventory days	—	243	336	284	288
Days payable	—	79	101	91	106
Cash conversion cycle	—	309	377	319	308
Working capital days	—	326	618	343	166

Computed from the reported statements: ROE on average equity; ROCE = EBIT / (total assets − current liabilities). Debtor days = receivables ÷ sales × 365; inventory and payable days use cost of goods sold; cash conversion cycle = debtor + inventory − payable days; working capital days = (current assets − current liabilities) ÷ sales × 365.

Shareholding Pattern

Numbers in percentages · as filed with NSE each quarter

Promoters 74.92%
FIIs 8.49%
DIIs 9.70%
Public 6.89%

%	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
Promoters	81.79%	81.79%	81.79%	81.79%	81.77%	81.77%	75.00%	75.00%	74.98%	74.95%	74.93%	74.92%
	1.98%	2.22%	2.90%	3.17%	3.33%	3.34%	5.04%	4.64%	5.81%	6.29%	7.42%	8.49%
Foreign portfolio investors (Cat. I)	1.91%	1.99%	2.47%	2.69%	2.91%	2.91%	4.59%	4.22%	5.32%	5.86%	6.65%	7.46%
Foreign portfolio investors (Cat. II)	0.06%	0.23%	0.43%	0.48%	0.41%	0.42%	0.44%	0.42%	0.49%	0.43%	0.77%	1.03%
	11.80%	11.82%	11.56%	11.63%	11.49%	11.43%	13.41%	12.97%	12.25%	12.66%	10.49%	9.70%
Mutual funds	11.07%	11.10%	10.83%	10.89%	10.73%	10.67%	12.30%	12.01%	11.07%	11.58%	9.68%	8.85%
Insurance companies									0.02%	0.11%	0.27%	0.25%
Alternative investment funds	0.72%	0.72%	0.72%	0.74%	0.76%	0.76%	1.11%	0.96%	1.16%	0.97%	0.54%	0.59%
	4.43%	4.17%	3.75%	3.41%	3.41%	3.46%	6.56%	7.39%	6.96%	6.11%	7.16%	6.89%
Retail (up to ₹2 lakh)	3.36%	3.14%	2.90%	2.57%	2.67%	2.49%	4.09%	4.48%	3.96%	3.82%	4.16%	4.13%
HNIs (above ₹2 lakh)	0.25%	0.28%	0.20%	0.25%	0.11%	0.25%	1.09%	1.44%	1.47%	1.06%	1.02%	0.95%
NRIs	0.08%	0.09%	0.09%	0.09%	0.10%	0.10%	0.15%	0.16%	0.22%	0.23%	0.27%	0.30%
Bodies corporate	0.28%	0.24%	0.18%	0.13%	0.16%	0.25%	0.68%	0.48%	0.51%	0.48%	0.79%	0.67%
No. of Shareholders	84,000	78,655	71,683	67,251	66,677	64,034	72,628	73,806	67,806	65,562	65,336	70,093

Source: shareholding patterns filed by the company with NSE. Public = non-institutional holders. Tap a row marked + for its breakdown.

Mutual funds & institutions holding Aether Industries

Holder (above 1%)	Stake
SBI MultiCap FundMutual fund	4.20%
Abakkus Flexi Cap FundMutual fund	1.15%
Invesco India Manufacturing FundMutual fund	1.11%

As named in the shareholding pattern for Sep 2026 filed with NSE; mutual funds together hold 8.85% of the company. Shareholders below 1% are not named in the filing.

Documents

Announcements

All announcements on NSE →

Annual reports

Credit ratings

Concalls & investor meets

Filings made by the company with NSE; documents open on NSE's website.

Key dates

Ex-dividend date: 1 Jan 1970
Latest quarter: 30 Jun 2026
Financial year end: 31 Mar 2026

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Latest news

In the news

AETHER Rex Down Jacket in Midas OrangeJoe's Daily · 6 d ago

From the company (NSE)

Headlines from news publishers (via Google News) and the filings of the company with NSE; they open on the source website. Headlines with price targets or buy/sell calls are left out. News is for information only and is not a recommendation.

Questions about Aether Industries Limited

What is the share price of Aether Industries Limited today?

Aether Industries Limited (AETHER) last traded at ₹1,538.60 on NSE (16 Oct 2026, 3:29 PM IST). Prices may be delayed.

What is the market cap of Aether Industries Limited?

About ₹20,422 crore at the latest price.

What is the P/E ratio of Aether Industries Limited?

About 86.6 times its earnings over the last 12 months.

Is Aether Industries Limited a good investment?

We do not give views on individual shares. Whether any share suits you depends on your goals, time horizon and risk appetite; for long-term goals, a diversified mutual fund is often a simpler way to own shares. Investments in securities markets are subject to market risks.

How can I buy Aether Industries Limited shares?

You need a trading and demat account with a SEBI-registered stock broker. We can help you open one through Parshvanath Investments, an Authorised Person of Master Capital Services Ltd (SEBI Reg. INZ000210539). We provide execution and account service only, not tips or research.

Important. Prices from NSE via Yahoo Finance. Quarterly and annual results, shareholding and documents are taken from the filings the company made with NSE; balance sheet, cash flow and valuation figures are compiled by Yahoo Finance; ratios are computed by us from them. Figures may be delayed or revised. This page is for information only: it is not research, a recommendation or an offer to buy or sell any security. Investments in securities markets are subject to market risks; read all related documents carefully before investing. Plenitude Connect Private Limited is an AMFI-registered Mutual Fund Distributor (ARN-130934); share broking is offered through Parshvanath Investments, Authorised Person of Master Capital Services Ltd (SEBI Reg. INZ000210539).

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Aether Industries Limited share price

Price chart

Quick take

Pros

Cons

AI analysis

About Aether Industries Limited

Peer comparison

Quarterly Results

Profit & Loss

Projection — your assumptions

Related party transactions

Compounded Sales Growth

Compounded Profit Growth

Stock Price CAGR

Return on Equity

Compounded Sales Growth

Compounded Profit Growth

Stock Price CAGR

Return on Equity

Balance Sheet

Cash Flows

Ratios

Shareholding Pattern

Mutual funds & institutions holding Aether Industries

Documents

Announcements

Annual reports

Credit ratings

Concalls & investor meets

Key dates

Trade with our broking desk

Latest news

In the news

From the company (NSE)

Questions about Aether Industries Limited

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