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Aether Industries Ltd.
(AETHER)
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Rating:61Neutral
Price Target:
₹1,899.00
▲(11.92% Upside)
Action:Reiterated
Date:10/07/26
The score is held back primarily by weak cash generation (deeply negative free cash flow and low cash conversion) despite strong reported profitability. Technically, the stock’s price action is supportive with the price above key moving averages and neutral momentum. Valuation is a meaningful headwind due to the very high P/E and lack of dividend yield data.
Positive Factors
Strong revenue and profit growth
Accelerating revenue and sustained high net margins indicate meaningful demand for the company’s products and resilient operating economics. If maintained, this combination can support reinvestment in capacity and product development while strengthening earnings power over the next several quarters.
Negative Factors
Deeply negative free cash flow
Persistent negative free cash flow shows that investment and/or working-capital needs are not being funded by internally generated cash. Continued outflows could constrain expansion, increase reliance on financing, and weaken the durability of reported earnings if cash generation does not improve.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong revenue and profit growth
Accelerating revenue and sustained high net margins indicate meaningful demand for the company’s products and resilient operating economics. If maintained, this combination can support reinvestment in capacity and product development while strengthening earnings power over the next several quarters.
Read all positive factors
Aether Industries Ltd. (AETHER) vs. iShares MSCI India ETF (INDA)
Market Cap
₹220.20B
Dividend YieldN/A
Average Volume (3M)14.30K
Price to Earnings (P/E)101.3
Beta (1Y)0.68
Revenue Growth33.79%
EPS Growth34.24%
CountryIN
Employees817
SectorGeneral
Sector StrengthN/A
IndustryChemicals - Specialty
Share Statistics
EPS (TTM)17.77
Shares Outstanding132,727,840
10 Day Avg. Volume19,485
30 Day Avg. Volume14,299
Financial Highlights & Ratios
PEG Ratio1.71
Price to Book (P/B)5.91
Price to Sales (P/S)12.51
P/FCF Ratio-29.42
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)21.51
Revenue Forecast (FY)₹15.02B
Aether Industries Ltd. Business Overview & Revenue Model
Company Description
Aether Industries Limited operates internationally and within India, specializing in the production and distribution of sophisticated chemical intermediates and specialized chemical compounds. The company's comprehensive product lineup features it...
Aether Industries Ltd. Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
74
Positive
Cash Flow
29
Negative
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 12.24B | 11.60B | 8.41B | 6.00B | 6.54B | 5.93B |
| Gross Profit | 5.22B | 4.30B | 3.89B | 2.75B | 3.34B | 3.01B |
| EBITDA | 4.05B | 3.76B | 2.39B | 1.30B | 1.87B | 1.70B |
| Net Income | 2.35B | 2.19B | 1.58B | 824.90M | 1.30B | 1.09B |
Balance Sheet | ||||||
| Total Assets | 0.00 | 32.01B | 26.44B | 24.01B | 13.80B | 7.70B |
| Cash, Cash Equivalents and Short-Term Investments | 56.63M | 56.63M | 2.40B | 5.56B | 1.04B | 352.61M |
| Total Debt | 0.00 | 4.58B | 2.00B | 1.83B | 157.14M | 2.91B |
| Total Liabilities | -24.56B | 7.46B | 4.18B | 3.37B | 1.35B | 3.83B |
| Stockholders Equity | 24.56B | 24.56B | 22.26B | 20.63B | 12.45B | 3.87B |
Cash Flow | ||||||
| Free Cash Flow | -2.04B | -4.93B | -3.52B | -4.44B | -4.08B | -1.57B |
| Operating Cash Flow | 1.15B | 1.30B | 1.00B | -164.58M | -65.59M | -54.42M |
| Investing Cash Flow | -3.15B | -6.24B | -4.18B | -4.24B | -3.48B | -1.51B |
| Financing Cash Flow | 179.92M | 2.60B | 19.18M | 8.94B | 4.39B | 1.69B |
Aether Industries Ltd. Technical Analysis
Positive
1696.80
Price Trends
1628.84
Positive
1441.52
Positive
1235.54
Positive
Market Momentum
31.01
Negative
64.47
Neutral
47.52
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:AETHER, the sentiment is Positive. The current price of 1696.8 is above the 20-day moving average (MA) of 1664.70, above the 50-day MA of 1628.84, and above the 200-day MA of 1235.54, indicating a bullish trend. The MACD of 31.01 indicates Negative momentum. The RSI at 64.47 is Neutral, neither overbought nor oversold. The STOCH value of 47.52 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:AETHER.
Aether Industries Ltd. Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
73 Outperform | ₹121.90B | 27.27 | ― | 0.72% | 5.09% | 5.44% | |
70 Neutral | ₹159.34B | 39.30 | ― | 0.20% | 7.26% | 5.73% | |
61 Neutral | ₹220.20B | 101.28 | ― | ― | 33.79% | 34.24% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
53 Neutral | ₹132.29B | 76.09 | ― | 0.13% | 51.77% | 36.90% | |
53 Neutral | ₹100.36B | 32.97 | ― | 0.78% | 10.96% | 11.16% | |
47 Neutral | ₹170.63B | 32.84 | ― | 0.21% | 27.05% | 123.98% |
* General Sector Average
IN:AETHER
Aether Industries Ltd.
1,800.00
1,050.75
140.24%
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480.55
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27.67%
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84.48
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5,532.10
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IN:JUBLINGREA
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643.85
-14.88
-2.26%
IN:VINATIORGA
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-30.78%
Aether Industries Ltd. Corporate Events
Aether Industries’ ESG Score Upgraded by Crisil
Sep 29, 2026
Aether Industries Limited reported that Crisil ESG Ratings Analytics has upgraded its environmental, social and governance score to Crisil ESG 58 from a previous 51, placing the company in the “Adequate” category as of September 28, 2...
Aether Industries Board Clears Q1 Results and Extends Top Leadership Terms
Jul 31, 2026
Aether Industries Limited’s board met on July 31, 2026, to review its unaudited standalone and consolidated financial results for the first quarter ended June 30, 2026. The results, accompanied by a limited review report from the statutory a...
Aether Industries Files Q1 FY27 Investor Presentation With Exchanges
Jul 31, 2026
Aether Industries Ltd. has submitted an investor presentation detailing its financial results for the first quarter ended June 30, 2026, to both BSE and NSE in compliance with SEBI’s disclosure regulations. The move underscores the company&#...
Aether Industries Files FAQ Addendum to Investor Presentation with Exchanges
Jul 31, 2026
Aether Industries has notified the stock exchanges that it has prepared a set of frequently asked questions to accompany its recently shared investor presentation. The move, made under SEBI’s disclosure norms, is aimed at providing additiona...
Aether Industries and Dow India Launch Joint Program to Advance Silicone Manufacturing Technologies
Jul 31, 2026
Aether Industries Limited, a leading Indian specialty chemical manufacturer and CRAMS provider, has partnered with Dow Chemical International Pvt. Ltd. to launch a collaborative research program focused on silicone manufacturing technologies. The ...
Aether Industries Schedules Q1 FY2026 Earnings Call for Investors
Jul 27, 2026
Aether Industries Ltd., a Surat-headquartered chemical manufacturer listed on BSE and NSE, is represented by a leadership team overseeing research, operations, commercial functions, finance, and investor relations. Its factory operations in the Sa...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.