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Aether Industries Ltd. (AETHER) AI Stock Analysis

IN:AETHER

Aether Industries Ltd.

(NSE:AETHER)

Select Model
Rating:66Neutral
Price Target:INR 1,714.00â–²(5.77% Upside)
Action:reiterated
Date:10/07/26

The score reflects solid earnings momentum and a strong balance sheet as key strengths, partially offset by weak cash generation and a very expensive valuation, while supportive but not extreme technical strength helps keep the overall rating in the mid-to-upper range.

Positive Factors
Niche specialty chemicalsThe company operates in niche specialty chemicals where complex chemistry and process-development expertise can support differentiated products and customer relationships. Exposure to pharmaceuticals, agrochemicals, coatings, and material sciences also provides a diversified base across several downstream applications and export markets.
Negative Factors
Weak cash generationPersistently negative free cash flow means reported profits are not yet translating into cash available for reinvestment, debt reduction, or shareholder returns. The low operating-cash-flow conversion also raises the risk that expansion and working-capital requirements will continue consuming financial resources over the next several quarters.

Aether Industries Ltd. (AETHER) vs. iShares MSCI India ETF (INDA)

-25%0%25%50%75%100%125%150%IN:AETHER+114.10%INDA-12.02%Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
Market Cap
INR 214.51B
Dividend Yield
―
Average Volume (3M)
19.61K
Price to Earnings (P/E)
91.0
Beta (1Y)
0.63
Revenue Growth
30.76%
EPS Growth
28.12%
Country
India
Employees
817
Sector
General
Sector Strength
55
Industry
Chemicals - Specialty

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 items...

Aether Industries Ltd. Financial Statement Overview

Summary

Earnings and balance sheet are strong with healthy growth and low leverage, but weak operating cash flow and deeply negative free cash flow materially drag overall financial quality.

Income Statement

78Positive

Balance Sheet

82Very Positive

Cash Flow

42Neutral
Financial statement breakdown
BreakdownTTMMar 2026Mar 2025Mar 2024Mar 2023Mar 2022
Income Statement
Total Revenue12.24B11.60B8.41B6.00B6.54B5.93B
Gross Profit5.22B4.30B3.89B2.75B3.34B3.01B
EBITDA4.05B3.76B2.43B1.33B1.90B1.71B
Net Income2.35B2.19B1.58B824.90M1.30B1.09B
Balance Sheet
Total Assets032.01B26.44B24.01B13.80B7.70B
Cash, Cash Equivalents and Short-Term Investments56.63M56.63M2.40B5.56B1.04B352.61M
Total Debt04.58B2.00B1.83B157.14M2.91B
Total Liabilities-24.56B7.46B4.18B3.37B1.35B3.83B
Stockholders Equity24.56B24.56B22.26B20.63B12.45B3.87B
Cash Flow
Free Cash Flow-2.04B-4.93B-3.52B-4.44B-4.08B-1.57B
Operating Cash Flow1.15B1.30B1.00B-164.58M-65.59M-54.42M
Investing Cash Flow-3.15B-6.24B-4.18B-4.24B-3.48B-1.51B
Financing Cash Flow179.92M2.60B19.18M8.94B4.39B1.69B

Aether Industries Ltd. Technical Analysis

Technical Analysis SentimentPositive
Last Price1620.45

Price Trends

50DMA1641.35Negative
100DMA1526.07Positive
200DMA1297.45Positive

Market Momentum

MACD-31.22Positive
RSI51.79Neutral
STOCH78.39Neutral

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 1620.45 is above the 20-day moving average (MA) of 1618.56, below the 50-day MA of 1641.35, and above the 200-day MA of 1297.45, indicating a neutral trend. The MACD of -31.22 indicates Positive momentum. The RSI at 51.79 is Neutral, neither overbought nor oversold. The STOCH value of 78.39 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

Overall Rating

UnderperformOutperform
Sector (55)

Financial Indicators

IN:AETHER against its peers
NameOverall RatingMarket CapP/E RatioROEDividend YieldRevenue GrowthEPS Growth
IN:FINEORGIN:FINEORG75OutperformINR 154.84B35.84―0.22%7.26%5.73%
IN:AETHERIN:AETHER66NeutralINR 215.08B90.95――30.76%28.12%
IN:VINATIORGAIN:VINATIORGA56NeutralINR 102.97B22.93―0.86%10.98%-5.48%
Sector *55Neutral$6.65B3.83-15.92%6.20%10.91%7.18%
IN:ANURASIN:ANURAS49NeutralINR 129.99B74.35―0.13%51.77%36.90%
IN:AARTIINDIN:AARTIIND47NeutralINR 157.96B29.74―0.23%39.85%103.71%
IN:JUBLINGREAIN:JUBLINGREA46NeutralINR 89.05B25.14―0.89%15.41%21.76%

* General Sector Average

Performance Comparison

0%50%100%IN:AETHERIN:AARTIINDIN:ANURASIN:FINEORGIN:JUBLINGREAIN:VINATIORGADec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
IN:AETHER and its peers over the selected period
Show on chartTickerCompany NamePriceChange% Change
IN:AETHERAether Industries Ltd.1620.45859.30112.89%
IN:AARTIINDAARTI Industries Ltd435.4547.7212.31%
IN:ANURASAnupam Rasayan India Ltd.1141.8061.235.67%
IN:FINEORGFine Organic Industries Ltd.5050.20641.2114.54%
IN:JUBLINGREAJubilant Ingrevia Ltd.559.05-127.98-18.63%
IN:VINATIORGAVinati Organics Limited993.30-663.32-40.04%

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,...

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 audi...

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&#821...

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 additional c...

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 wor...

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.

Date of analysis: Oct 07, 2026