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As of 6 Nov 2026, Aether Industries trades at 83.3× trailing earnings, above the industry P/E of 22.1×, and the shares are 14% below their 52-week high. Sales and net profit grew 20% and 19% a year over 3 years; its ROCE of 12% is the second-lowest among the 7 largest Specialty Chemicals peers. Debt is 0.26× equity. It is a small-cap company with a market cap of ₹20,731 Cr, ranked 9th of 204 Specialty Chemicals companies by market cap; the shares rose 105% over the past year.

As of 6 Nov 2026Prices are delayed about 15 minutes; fundamentals are from the quarter ended Sep 2026.How we calculate this

past year
Open
₹1,543.60
Day high
₹1,575.00
Day low
₹1,526.90
Prev. close
₹1,552.30
Volume
1.9 L

Health check

2 good · 1 fair · 3 to check
  • ReturnsAhead

    +105.0% over a year, better than 6 of 7 peers.

  • Price tagPricier

    P/E 83.3 vs industry 22.1.

  • GrowthSteady

    Sales +20.2%, profit +18.9% a year over 3 years.

  • ProfitabilityWeak

    ROCE 12.1% vs peer median 24.4%.

  • Balance sheetSolid

    Debt 0.26× equity, interest covered 17.8×, Piotroski 6 of 9.

  • Red flags1 to check

    P/E of 83.3 against an industry P/E of 22.1.

Compared with 7 industry peers. Computed from reported figures. Educational, not a recommendation.

Specialty Chemicals

203 listed peers. Screen the industry

Small cap

₹20,731 Cr, #9 of 204 in its industry by size.

Market sensitivity

Measuring against the NIFTY 50…

Key metrics

Last 12 months to Sep 2026: sales ₹1,303 Cr · profit ₹249 Cr
Market cap
₹20,731 Cr
Small cap
P/E
83.3
Industry 22.1
Price to book
7.99
Peers 13.33
Dividend yield
0.00%
ROE
10.1%
Peers 23.0%
ROCE
12.1%
Peers 24.4%
Debt to equity
0.26
Debt ₹675 Cr
EPS (TTM)
₹18.76
Face value ₹10
OPM (TTM)
31.4%
Net margin 19.1%
Sales growth
+24.0%
Latest quarter vs a year ago
Profit growth
+26.0%
Latest quarter vs a year ago
Price to sales
15.91
EV/EBITDA 53.1

Strengths and risks

Strengths

  • Quarterly profit up 26.0% on a year ago.
  • Quarterly sales up 24.0% on a year ago.

Risks to check

  • P/E of 83.3 against an industry P/E of 22.1.

Derived automatically from reported figures. Not a recommendation.

About Aether Industries

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,…

Headquarters
Surat
Employees
817
Sector
Basic Materials
ISIN
INE0BWX01014
Website
aether.co.in

Price range

52 weeks

₹728.00₹1,814.10

Today

₹1,526.90₹1,575.00
Avg volume (3M)
3.4 L
1-year return
plus 105.0%
From 52-week high
minus 13.9%

Analyst consensus

7 analysts
BuyMean target ₹1,621.00 plus 3.8%

Target range, with today’s price

Low ₹1,120.00High ₹1,980.00

Consensus from Yahoo Finance. Not a recommendation.

Peers · Specialty Chemicals

Capital-heavy industry columns

Compare with peersScreen the whole industry
Company
ASIANPAINTAsian Paints2,546.00plus 0.88%2,44,02550.535.024.4%18.9%0.211.1%plus 1.5%
SOLARINDSSolar Industries India18,608.00plus 0.48%1,68,38474.464.129.5%27.8%0.2212.4%plus 35.9%
PIDILITINDPidilite Industries1,579.00plus 1.63%1,60,82760.044.428.5%23.5%0.037.4%plus 6.8%
LINDEINDIALinde India6,859.00plus 8.73%58,496118.464.216.3%31.5%0.23–plus 5.4%
BERGEPAINTBerger Paints India478.35minus 5.28%55,77645.429.420.6%15.3%0.154.2%minus 6.0%
FLUOROCHEMGujarat Fluorochemicals4,665.50minus 0.94%51,25175.944.09.6%24.1%0.26−4.5%plus 28.0%
ACUTAASAcutaas Chemicals3,786.60plus 0.42%31,00170.964.127.7%39.4%0.0129.4%plus 105.6%
AETHERAether Industries1,561.80plus 0.61%20,73183.362.712.1%31.4%0.2620.2%plus 105.0%
Median of 7 peers–0.48%58,49670.944.424.4%24.1%0.215.8%6.8%

Quarterly results

Consolidated, ₹ crore
SalesSelect a row below to chart it
₹ CrSep 25Dec 25Mar 26Jun 26Sep 26
280317305327347
192207222224237
8811182.7103110
31.4%34.9%27.1%31.5%31.8%
8.70.111.27.75.1
3.23.96.15.65.3
16.517.318.421.421.7
−2.7−2.3−1.3––
74.387.26883.588.5
27.3%26.0%20.6%24.8%23.2%
5464.55462.768
4.074.864.074.765.11

Profit & loss

Yearly, ₹ crore
Sales CAGR 3Y
+20.2%
Profit CAGR 3Y
+18.9%
EPS CAGR 3Y
+16.5%
ROE
10.1%
Net profitSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
6515988391,132
–minus 8.1%+40.2%+35.0%
465466596794
186132243338
28.6%22.1%29.0%29.8%
15.738.839.120.2
4.28.112.617.3
23.239.74566.4
–−13.8−11.616.8
174110213291
25.3%24.7%25.6%24.6%
13082.5158219
–minus 36.7%+92.0%+38.5%
10.476.3111.9416.54

Forecast

Your assumptions, not a prediction

Balance sheet

At each financial year end, ₹ crore
Total assetsSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
125133133133
1,1201,9312,0932,323
15.7183200458
120154218288
1,3802,4012,6443,201
7011,0821,4912,016
55.6229375521
0.20.20.20.3
1045552395.7
519536539658
1,3802,4012,6443,201

Cash flow

Yearly, ₹ crore
Cash from operationsSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
−6.6−16.5100142
−348−424−418−619
4398941.3244
84.3453−317−233
−401−428−452−623
−408−444−352−481

Shareholding pattern

Source: NSE filings

NSE hasn’t returned a shareholding pattern for this company. Institutions hold about 11.8% (Yahoo estimate).

Major shareholders

NSE filing

Filings & events

News

No recent news coverage found.

My notes

Private to you