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Aether Industries Ltd share Price Today

Company details

796.15
818.95
761.55
1,209.00
6M Return -9.30%
1Y Return -10.35%
Mkt Cap.(Cr) 10,688.83
Volume 55,326
Div Yield 0.00%
OI
-
OI Chg %
-
Volume 55,326

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Niche play in complex chemistry…
About The Stock

    Incorporated in 2013, Aether Industries focuses on producing advanced intermediates and speciality chemicals involving complex, differentiated chemistry and technology core competencies. Its products find application in pharmaceutical, agrochemical, material science, coating, high performance photography, additive and oil & gas segments of the chemical industry.

    • Sole manufacturer in India for advanced intermediates such as 4MEP, MMBC, T2E, OTBN, NODG and Bifenthrin alcohol (Pharma Applications) and speciality chemical DVL (coating additive). One of the largest manufacturers in the world by volume for 4MEP, T2E, NODG and HEEP.
    • Product portfolio comprised over 25 products. Staff consists of 92 scientists and 72 chemical engineers

    Two manufacturing sites at Sachin in Surat. Facility 1 is a 3500 square metre facility while Facility 2 encompasses roughly 10500 square metre 

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Research view on more stocks

Specialty chemicals company Aether Industries announced Q4FY23 & FY23 results:

  • The company has recorded a total revenue of Rs 1,844 million in Q4FY23, which has grown by 10% compared to Rs 1,705 million in Q3FY23 and grown by 25% YoY
  • The company earned an EBITDA of Rs 602 million in Q4FY23, which has increased by 19% (compared to Q3FY23) and 42% (compared to Q4FY22).
  • PAT of Rs 376 million for the company in Q4FY23 has grown by 44.0%, (compared to Q4FY22, which was Rs 260 million) and by 7% (compared to Q3FY23, which was Rs 350 million).
  • The top line of the company comprises 52% large-scale manufacturing, 13% CRAMS, and 34% contract/exclusive manufacturing business models, showing an increasing trend in revenues from the CRAMS and contract/exclusive manufacturing business models.
  • The revenue, EBITDA, and PAT matrix of Aether Industries, from the financial results of Q4FY23 and FY23, appear to be promising as mentioned below: The company’s sales mix for the 12 months from April 2022 to March 2023 comprises of pharma 42%, agrochemicals 35%, multiple applications 8%, high-performance photography 6%, material science 5%, coatings 3% and others including oil & gas as 1%.
  • The company's exports accounted for 69%, which include exports to SEZ and EOU units in India, and domestic sales accounted for 31% of total sales turnover. Exports outside the geography of India accounted for 41% of the total revenue from operations for the 12 months from April 2022 to March 2023.

Commenting on the results, Dr Aman Desai, Promoter & Whole-time Director, Aether Industries, said, “After a slow start in the first two quarters of FY23, Aether really picked up the pace in Q3 and Q4 of FY23 and has executed what it had promised by achieving good growth in Q4, which has been contributed by all our 3 business models. As we see demand improvement in the global chemical industry, we are significantly optimistic about our overall outlook. We have also recently made two major public announcements relating to Otsuka, Japan for the two products to be supplied to these Japanese company on an exclusive basis and Aramco, Saudi Arabia for the converge polyols technology, which reflect our continuous growth. We remain upbeat and positive about all our business models for the future outlook. As in the last two quarters, we continue to see a significant upwards trend in inquiries, customer additions, contract renewals, and business being translated into revenues, especially in the business models of CRAMS and Contract/Exclusive Manufacturing.”

 

 

Result PDF

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Aether Industries Ltd shares SWOT Analysis

Strengths (6)

  • Company with Low Debt
  • Company able to generate Net Cash - Improving Net Cash Flow for last 2 years
  • Book Value per share Improving for last 2 years

Weakness (13)

  • Inefficient use of capital to generate profits - RoCE declining in the last 2 years
  • Inefficient use of shareholder funds - ROE declining in the last 2 years
  • Inefficient use of assets to generate profits - ROA declining in the last 2 years

Opportunity (0)

Data not found

Threats (3)

  • High PE (PE > 40)
  • Increasing Trend in Non-Core Income
  • RSI indicating price weakness

Resistance and support

R1 818.2
R2 830.0
R3 841.0
Pivot

807.17

S1 795.4
S2 784.4
S3 772.6
EMA SMA
824.8
830.5
845.1
871.4
825.8
823.0
844.7
888.2
Delivery and volume
CLIENT NAME DEAL TYPE ACTION DATE AVG. PRICE QUANTITY EXCHANGE
Name Category Shares
Purnima Ashwin Desai PROMOTER 24.19%
Ashwin Jayantilal Desai PROMOTER 5.07%
Rohan Ashwin Desai PROMOTER 1.68%
AAD Business Trust (Trustees: Ashwin Jayantilal Desai and Purnima Ashwin Desai) PROMOTER 15.1%
RAD Family Trust (Trustees: Ashwin Jayantilal Desai and Purnima Ashwin Desai) PROMOTER 15.1%
AJD Family Trust (Trustees: Ashwin Jayantilal Desai and Purnima Ashwin Desai) PROMOTER 10.23%
PAD Family Trust (Trustees: Purnima Ashwin Desai and Ashwin Jayantilal Desai) PROMOTER 10.23%

OUR RESEARCH VIEW

Investment recommendation
Niche play in complex chemistry…
Call Date
24 May 2022
Entry Price -
Target Price -
Duration
12 Month

FINANCIALS

Sales
Operating Profit
Profit after Tax
Equity
Reserves and Surplus
Debt
Sales
Operating Profit
Profit after Tax
PE
Debt/Equity
P BV

Aether Industries Ltd Stocks COMPARISON

Financials( in Cr) Aether Industries Ltd Pidilite Industries Ltd Linde India Ltd SRF Ltd Gujarat Fluorochemicals Ltd
Price 806.40 3,047.85 8,376.65 2,280.00 3,123.05
% Change -1.01 0.93 -3.76 -1.29 -2.59
Mcap Cr 10,688.83 155,016.39 71,439.42 67,584.90 34,306.70
Revenue TTM Cr 651.07 11,799.10 3,135.52 14,870.25 5,684.66
Net Profit TTM Cr 130.42 1,288.87 538.06 2,162.34 1,323.05
PE TTM 116.22 86.21 173.69 51.22 80.99
1 Year Return -10.35 18.00 110.62 -10.04 -6.66
ROCE 18.53 24.24 16.29 21.98 29.38
ROE 15.99 18.93 14.70 22.89 27.07
INSIDER & INSTITUTIONAL ACTIVITY

Equity Capital: 1,244.61 Cr FV: 10.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 39,096.78 -22,281.88
LAST 3M 110,800.06 -33,313.91
LAST 6M 173,547.28 46,069.63
LAST 12M 272,715.78 126,515.39
Aether Industries Limited - Analysts/Institutional Investor Meet/Con. Call Updates

May 24, 2024 l NSE Announcement

Aether Industries Limited - Updates

May 23, 2024 l NSE Announcement

Aether Industries to resume operations of manufacturing unit II

May 23, 2024 l BSE Announcement

Date Action Type Ratio
No data found

Aether Industries Ltd Information

Stock PE (TTM)
116.22
Promoter Holding
81.79%
Book Value
155.6632
ROCE
18.53%
ROE
15.99%
Description
  • Aether Industries Limited is one of the fastest growing specialty chemical companies in India. The Company was originally incorporated as `Aether Industries Limited` on January 23, 2013 at Surat, as a Public Limited Company. The Company is led by Promoters, Ashwin Jayantilal Desai, who has a combined experience in the chemical industry. The business was started in 2013 to create a niche in the global chemical industry with a creative approach towards chemistry, technology and systems that would lead to sustainable growth. In 2017, through first phase of development, the Company focus was on building team, infrastructure and R&D centre. In 2018, the Company commenced its operations. The Company is a speciality chemical manufacturer in India focused on producing advanced intermediates and speciality chemicals involving complex and differentiated chemistry and technology core competencies. The products of the Company find application in various sectors like Pharmaceuticals, Agrochemicals, Specialty, Electronic Chemicals, Material Sciences, High Performance Photography, etc. The Company has three business models which comprises to operate i) large scale manufacturing of its own intermediates and speciality chemicals; ii) contract research and manufacturing services (CRAMS); and iii) contract/exclusive manufacturing. The Company has two sites at Sachin in Surat, Gujarat. The Manufacturing Facility 1 is an approximately 3,500 square meters facility including R&D Facilities, analytical sciences laboratories, Pilot Plant, CRAMS facility and hydrogenation facility. The Manufacturing Facility 2 spans approximately 10,500 square meters and act as a large scale manufacturing facility with an installed capacity of 6,096 MT per annum (for solvent recovery plant (SRP Plant): 13,140 MT) distributed among three buildings that host 16 production streams (and one SRP Plant Stream) The Company has a product portfolio of nearly 22 products. The Company was the sole manufacturer in India of 4MEP, MMBC, T2E, OTBN, NODG, DVL and Bifenthrin Alcohol, and the largest manufacturers in the world by volume for 4MEP, T2E, NODG and HEEP. The operations at Manufacturing Facility 2 have ISO 9001: 2015, ISO 14001:2015, ISO 45001:2018, ISMS 27001:2013 and Indian GMP certification. The Company had a specialized R&D team of 141 scientists and engineers including 81 scientists (with PhDs or Master of Science degrees) and 60 chemical engineers. The R&D Facilities are equipped with laboratories engaged in process development, process innovation and technology development, which assists them in pursuing efficiencies from the initial conceptualization up to commercialization of a product. In 2015, Acquired land of 10500 Sq. Mtr. at Manufacturing Facility 2 (Plot No. 8203) and commenced the construction for two production facilities In 2016, the Company completed the construction of two production facilities and started commercial production at Manufacturing Facility 2 (Plot No. 8203). The Company also started commercial production of our signature product 4MEP. In 2017, the Company diverted to the expansion of the QA / QC facility at Manufacturing Facility 1. In 2018, the Company started commercial production of its signature product, OTBN. In 2019, the Company added a warehouse at Plot No. 6,714, GIDC, in Sachin. The Company started commercial production of its signature product, MMBC. In 2020, the Company expanded its Pilot plant at Manufacturing Facility 1. The Company On May 31, 2022, Company issued 97,66,355 Equity Shares through IPO vide book building process. Shares were issued at Rs 642, of which Rs 632 was share premium. Post the IPO launched, all the Equity Shares were listed on BSE Limited and National Stock Exchange of India Limited (NSE) on June 3, 2022 and as a result, the Company raised total Rs 626,99,99,910 through the IPO. In July 2022, the Company commissioned 16 MW solar power generation plant at Bharuch District, Gujarat to provide electricity to current operational two manufacturing facilities and Greenfield project (Site 3). The production operations at the New Manufacturing Facility 3 at Sachin was made operational in January 2023.

No Data Found

AGM Date (Month) : Sep
Face Value Equity Shares : 10
Market Lot Equity Shares : 1
BSE Code : 543534
NSE Code : AETHER
Book Closure Date (Month) :
BSE Group : A
ISIN : INE0BWX01014

FAQ’s on Aether Industries Ltd Shares

You can buy Aether Industries Ltd shares through a brokerage firm. ICICIdirect is a registered broker through which you can place orders to buy Aether Industries Ltd Share.

Company share prices and volatile and keep changing according to the market conditions. As of May 28, 2024 03:54 PM the closing price of Aether Industries Ltd was Rs.806.40.

Market capitalization or market cap is determined by multiplying the current market price of a company�s shares with the total number of shares outstanding. As of May 28, 2024 03:54 PM, the market cap of Aether Industries Ltd stood at Rs. 10,688.83.

The latest PE ratio of Aether Industries Ltd as of May 28, 2024 03:54 PM is 116.22

The latest PB ratio of Aether Industries Ltd as of May 28, 2024 03:54 PM is 0.19

The 52-week high of Aether Industries Ltd share price is Rs. 1,209.00 while the 52-week low is Rs. 761.55

According to analyst recommendations, Aether Industries Ltd Share has a "Buy" rating for the long term.

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