Aether Industries Ltd: Intrinsic Value & Share Price Analysis

Share Price and Basic Stock Data

Last Updated: March 3, 2026, 1:41 pm

Market Cap	12,367 Cr.
Current Price	932
Intrinsic Value	₹754.65
High / Low	1,086/723
Stock P/E	66.4
Book Value	174
Dividend Yield	0.00 %
ROCE	9.92 %
ROE	7.49 %
Face Value	10.0
PEG Ratio	9.67

Stock P/E, Current Price, and Intrinsic Value Over Time

Stock P/E Current Price Intrinsic Value

View Share Price Target for Aether Industries Ltd

Competitors

Stock Name ⇩	Market Cap ⇩	Current Price ⇩	High / Low ⇩	Stock P/E ⇩	Book Value ⇩	Dividend Yield ⇩	ROCE ⇩	ROE ⇩	Face Value ⇩
Aether Industries Ltd	12,367 Cr.	932	1,086/723	66.4	174	0.00 %	9.92 %	7.49 %	10.0
Anupam Rasayan India Ltd	13,863 Cr.	1,218	1,407/664	80.6	281	0.06 %	7.33 %	3.32 %	10.0
Aarti Industries Ltd	15,699 Cr.	433	495/338	42.3	158	0.23 %	6.32 %	6.03 %	5.00
Clean Science & Technology Ltd	7,888 Cr.	742	1,600/700	32.1	141	0.81 %	27.3 %	20.2 %	1.00
Neogen Chemicals Ltd	3,643 Cr.	1,381	1,926/967	83.2	314	0.07 %	10.7 %	7.36 %	10.0
Industry Average	12,920.04 Cr	760.91		80.55	182.87	0.49%	12.99%	25.41%	6.41

All Competitor Stocks of Aether Industries Ltd

Quarterly Result

Metric	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025
Sales	167	184	161	164	155	115	180	196	197	215	214	230	257
Expenses	120	124	116	118	124	106	137	142	138	147	146	158	165
Operating Profit	47	60	45	46	31	9	43	55	60	67	69	72	92
OPM %	28%	32%	28%	28%	20%	8%	24%	28%	30%	31%	32%	31%	36%
Other Income	3	1	3	15	6	6	9	9	11	3	1	7	-2
Interest	0	1	1	2	2	4	3	2	3	2	3	2	3
Depreciation	6	7	9	10	10	10	10	11	10	12	13	15	16
Profit before tax	44	52	37	50	25	2	40	52	57	56	53	62	72
Tax %	20%	28%	18%	24%	25%	40%	24%	26%	29%	23%	24%	29%	28%
Net Profit	35	38	30	38	19	1	30	38	41	43	40	44	52
EPS in Rs	2.81	3.02	2.28	2.85	1.44	0.08	2.28	2.87	3.08	3.24	3.03	3.29	3.92

Last Updated: March 3, 2026, 12:59 pm

Below is a detailed analysis of the quarterly data for Aether Industries Ltd based on the most recent figures (Dec 2025) and their trends compared to the previous period:

For Sales, as of Dec 2025, the value is 257.00 Cr.. The value appears strong and on an upward trend. It has increased from 230.00 Cr. (Sep 2025) to 257.00 Cr., marking an increase of 27.00 Cr..
For Expenses, as of Dec 2025, the value is 165.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 158.00 Cr. (Sep 2025) to 165.00 Cr., marking an increase of 7.00 Cr..
For Operating Profit, as of Dec 2025, the value is 92.00 Cr.. The value appears strong and on an upward trend. It has increased from 72.00 Cr. (Sep 2025) to 92.00 Cr., marking an increase of 20.00 Cr..
For OPM %, as of Dec 2025, the value is 36.00%. The value appears strong and on an upward trend. It has increased from 31.00% (Sep 2025) to 36.00%, marking an increase of 5.00%.
For Other Income, as of Dec 2025, the value is -2.00 Cr.. The value appears to be declining and may need further review. It has decreased from 7.00 Cr. (Sep 2025) to -2.00 Cr., marking a decrease of 9.00 Cr..
For Interest, as of Dec 2025, the value is 3.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 2.00 Cr. (Sep 2025) to 3.00 Cr., marking an increase of 1.00 Cr..
For Depreciation, as of Dec 2025, the value is 16.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 15.00 Cr. (Sep 2025) to 16.00 Cr., marking an increase of 1.00 Cr..
For Profit before tax, as of Dec 2025, the value is 72.00 Cr.. The value appears strong and on an upward trend. It has increased from 62.00 Cr. (Sep 2025) to 72.00 Cr., marking an increase of 10.00 Cr..
For Tax %, as of Dec 2025, the value is 28.00%. The value appears to be improving (decreasing) as expected. It has decreased from 29.00% (Sep 2025) to 28.00%, marking a decrease of 1.00%.
For Net Profit, as of Dec 2025, the value is 52.00 Cr.. The value appears strong and on an upward trend. It has increased from 44.00 Cr. (Sep 2025) to 52.00 Cr., marking an increase of 8.00 Cr..
For EPS in Rs, as of Dec 2025, the value is 3.92. The value appears strong and on an upward trend. It has increased from 3.29 (Sep 2025) to 3.92, marking an increase of 0.63.

Overall, while many items appear to show a positive trend, any significant downward movement warrant further investigation.

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 26, 2026, 4:16 pm

Metric	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	TTM
Sales	0	1	0	24	109	201	302	450	590	651	596	789	916
Expenses	1	3	1	22	85	154	230	338	422	465	464	563	616
Operating Profit	-1	-2	-1	2	23	48	72	112	168	186	131	225	299
OPM %		-252%	-194%	10%	21%	24%	24%	25%	28%	29%	22%	29%	33%
Other Income	3	4	1	0	0	2	2	4	7	17	30	32	9
Interest	1	1	0	1	9	11	9	11	13	5	9	10	10
Depreciation	0	0	0	1	5	6	8	11	15	23	39	43	55
Profit before tax	0	0	0	1	9	33	57	94	146	174	114	205	242
Tax %	39%	27%	31%	300%	17%	28%	29%	24%	26%	25%	23%	26%
Net Profit	0	0	0	-1	8	23	40	71	109	130	88	152	179
EPS in Rs	0.14	0.12	0.11	-1.27	9.08	27.27	46.68	70.43	9.67	10.47	6.65	11.47	13.48
Dividend Payout %	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year	2017-2018	2018-2019	2019-2020	2020-2021	2021-2022	2022-2023	2023-2024	2024-2025
YoY Net Profit Growth (%)	900.00%	187.50%	73.91%	77.50%	53.52%	19.27%	-32.31%	72.73%
Change in YoY Net Profit Growth (%)	0.00%	-712.50%	-113.59%	3.59%	-23.98%	-34.26%	-51.57%	105.03%

Aether Industries Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 8 years from 2017-2018 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:	98%
5 Years:	21%
3 Years:	10%
TTM:	34%

Compounded Profit Growth
10 Years:	57%
5 Years:	32%
3 Years:	14%
TTM:	73%

Stock Price CAGR
10 Years:	%
5 Years:	%
3 Years:	-6%
1 Year:	-20%

Return on Equity
10 Years:	12%
5 Years:	11%
3 Years:	8%
Last Year:	7%

Last Updated: September 5, 2025, 2:06 pm

Balance Sheet

Last Updated: December 10, 2025, 3:45 am

Month	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Sep 2025
Equity Capital	9	9	34	9	9	9	9	10	113	125	133	133	133
Reserves	0	0	0	-1	7	30	70	164	274	1,120	1,936	2,093	2,178
Borrowings	40	35	53	111	126	126	172	211	291	16	144	137	165
Other Liabilities	1	1	-21	19	18	42	50	67	92	120	143	199	275
Total Liabilities	50	45	65	137	159	207	300	453	770	1,380	2,356	2,561	2,750
Fixed Assets	2	1	1	56	100	106	129	216	257	646	743	989	1,068
CWIP	7	20	42	40	2	1	17	0	58	37	219	340	529
Investments	16	8	0	0	0	0	0	22	17	1	0	100	100
Other Assets	25	15	21	41	56	99	154	214	438	695	1,393	1,133	1,052
Total Assets	50	45	65	137	159	207	300	453	770	1,380	2,356	2,561	2,750

Below is a detailed analysis of the balance sheet data for Aether Industries Ltd based on the most recent figures (Sep 2025) and their trends compared to the previous period:

For Equity Capital, as of Sep 2025, the value is 133.00 Cr.. The value remains steady. There is no change compared to the previous period (Mar 2025) which recorded 133.00 Cr..
For Reserves, as of Sep 2025, the value is 2,178.00 Cr.. The value appears strong and on an upward trend. It has increased from 2,093.00 Cr. (Mar 2025) to 2,178.00 Cr., marking an increase of 85.00 Cr..
For Borrowings, as of Sep 2025, the value is 165.00 Cr.. The value appears to be increasing, which may not be favorable. Additionally, since Reserves exceed Borrowings, this is considered a positive sign. It has increased from 137.00 Cr. (Mar 2025) to 165.00 Cr., marking an increase of 28.00 Cr..
For Other Liabilities, as of Sep 2025, the value is 275.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 199.00 Cr. (Mar 2025) to 275.00 Cr., marking an increase of 76.00 Cr..
For Total Liabilities, as of Sep 2025, the value is 2,750.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 2,561.00 Cr. (Mar 2025) to 2,750.00 Cr., marking an increase of 189.00 Cr..
For Fixed Assets, as of Sep 2025, the value is 1,068.00 Cr.. The value appears strong and on an upward trend. It has increased from 989.00 Cr. (Mar 2025) to 1,068.00 Cr., marking an increase of 79.00 Cr..
For CWIP, as of Sep 2025, the value is 529.00 Cr.. The value appears strong and on an upward trend. It has increased from 340.00 Cr. (Mar 2025) to 529.00 Cr., marking an increase of 189.00 Cr..
For Investments, as of Sep 2025, the value is 100.00 Cr.. The value remains steady. There is no change compared to the previous period (Mar 2025) which recorded 100.00 Cr..
For Other Assets, as of Sep 2025, the value is 1,052.00 Cr.. The value appears to be declining and may need further review. It has decreased from 1,133.00 Cr. (Mar 2025) to 1,052.00 Cr., marking a decrease of 81.00 Cr..
For Total Assets, as of Sep 2025, the value is 2,750.00 Cr.. The value appears strong and on an upward trend. It has increased from 2,561.00 Cr. (Mar 2025) to 2,750.00 Cr., marking an increase of 189.00 Cr..

Notably, the Reserves (2,178.00 Cr.) exceed the Borrowings (165.00 Cr.), indicating a solid financial buffer.

Overall, while many items appear to show a positive trend, any significant downward movement or items where Borrowings exceed Reserves warrant further investigation.

Reserves and Borrowings Chart

Cash Flow

Month	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Cash from Operating Activity +	-1	-3	-6	-9	6	23	18	23	-5	-7	-2	118
Cash from Investing Activity +	-33	2	-14	-48	-11	-13	-48	-77	-151	-348	-399	-415
Cash from Financing Activity +	47	-6	17	57	4	-10	33	55	169	439	854	-19
Net Cash Flow	13	-8	-3	-1	-0	0	2	2	12	84	453	-316

Free Cash Flow

Month	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Free Cash Flow	-41.00	-37.00	-54.00	-109.00	-103.00	-78.00	-100.00	-99.00	-123.00	170.00	-13.00	88.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

Month	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Debtor Days	94	4,358	167	88	87	76	88	101	145	141	122
Inventory Days	52	9,733	629	149	133	166	141	221	301	411	377
Days Payable	172	1,922	575	92	76	88	82	95	99	113	111
Cash Conversion Cycle	-25	12,169	220	144	144	153	147	227	348	439	388
Working Capital Days	-794	9,037	-18	49	11	32	36	82	268	360	276
ROCE %	-1%	-0%	2%	14%	28%	32%	33%	30%	18%	8%	10%

Financial Efficiency Indicators Chart

Share Holding Pattern

Month	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025
Promoters	87.07%	81.80%	81.80%	81.79%	81.79%	81.79%	81.78%	81.77%	81.77%	74.99%	74.99%	74.98%
FIIs	1.57%	1.87%	2.44%	1.97%	2.22%	2.90%	3.17%	3.32%	3.33%	5.03%	4.64%	5.81%
DIIs	8.39%	13.65%	12.99%	11.79%	11.82%	11.55%	11.63%	11.49%	11.43%	13.41%	12.97%	12.25%
Public	2.98%	2.67%	2.76%	4.44%	4.16%	3.74%	3.40%	3.41%	3.47%	6.55%	7.39%	6.96%
No. of Shareholders	53,456	55,208	60,466	84,000	78,655	71,683	67,251	66,677	64,034	72,628	73,806	67,806

Shareholding Pattern Chart

No. of Shareholders

Aether Industries Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

Mutual Fund Holdings

Fund Name	No of Shares	AUM (%)	Amount Invested (Cr)	Previous Number of Shares	Previous Date	Percentage Change
SBI Multicap Fund	4,000,000	1.74	400.8	1,590,220	2025-11-03 04:24:09	151.54%
SBI MNC Fund	2,580,026	4.61	258.52	3,100,000	2026-02-23 06:13:09	-16.77%
SBI Childrens Fund - Investment Plan	1,900,000	3.68	190.38	N/A	N/A	N/A
SBI Healthcare Opportunities Fund	1,400,000	3.67	140.28	1,400,000	2025-04-22 17:25:14	0%
SBI Conservative Hybrid Fund	1,030,000	1.01	99.59	1,030,000	2025-04-22 17:25:14	0%
Edelweiss Small Cap Fund	645,867	1.21	64.72	N/A	N/A	N/A
HDFC Business Cycle Fund	545,188	2.04	54.63	674,410	2026-02-23 03:02:08	-19.16%
Edelweiss Large & Mid Cap Fund	517,371	1.17	51.84	N/A	N/A	N/A
Axis Business Cycles Fund	360,558	1.68	36.13	N/A	N/A	N/A
Invesco India Smallcap Fund	303,495	0.34	30.41	N/A	N/A	N/A

ROCE Trend

EPS Trend

Key Financial Ratios

Month	Mar 25	Mar 24	Mar 23	Mar 22
FaceValue	10.00	10.00	10.00	10.00
Basic EPS (Rs.)	11.95	6.31	10.47	9.67
Diluted EPS (Rs.)	11.94	6.31	10.47	9.67
Cash EPS (Rs.)	15.34	9.21	12.34	11.04
Book Value[Excl.RevalReserv]/Share (Rs.)	167.88	155.66	99.96	34.33
Book Value[Incl.RevalReserv]/Share (Rs.)	167.88	155.66	99.96	34.33
Revenue From Operations / Share (Rs.)	63.25	45.13	52.29	52.36
PBDIT / Share (Rs.)	21.33	12.94	16.29	15.54
PBIT / Share (Rs.)	17.93	9.94	14.42	14.16
PBT / Share (Rs.)	16.06	8.26	14.01	13.00
Net Profit / Share (Rs.)	11.95	6.22	10.47	9.67
NP After MI And SOA / Share (Rs.)	11.95	6.22	10.47	9.67
PBDIT Margin (%)	33.71	28.66	31.15	29.67
PBIT Margin (%)	28.35	22.03	27.58	27.04
PBT Margin (%)	25.39	18.30	26.79	24.82
Net Profit Margin (%)	18.88	13.79	20.03	18.46
NP After MI And SOA Margin (%)	18.88	13.79	20.03	18.46
Return on Networth / Equity (%)	7.11	3.99	10.47	28.15
Return on Capital Employeed (%)	10.36	6.24	13.96	30.24
Return On Assets (%)	5.99	3.43	9.45	14.14
Long Term Debt / Equity (X)	0.00	0.00	0.00	0.31
Total Debt / Equity (X)	0.08	0.08	0.00	0.73
Asset Turnover Ratio (%)	0.33	0.31	0.60	0.00
Current Ratio (X)	3.25	4.51	7.18	1.69
Quick Ratio (X)	2.11	3.32	4.54	1.02
Inventory Turnover Ratio (X)	2.27	1.27	1.84	0.00
Interest Coverage Ratio (X)	21.87	20.13	39.82	13.34
Interest Coverage Ratio (Post Tax) (X)	14.17	12.30	26.61	9.30
Enterprise Value (Cr.)	10957.01	9960.48	11572.59	0.00
EV / Net Operating Revenue (X)	13.06	16.65	17.77	0.00
EV / EBITDA (X)	38.74	58.09	57.06	0.00
MarketCap / Net Operating Revenue (X)	13.13	17.30	17.93	0.00
Price / BV (X)	4.95	5.01	9.38	0.00
Price / Net Operating Revenue (X)	13.13	17.30	17.93	0.00
EarningsYield	0.01	0.01	0.01	0.00

After reviewing the key financial ratios for Aether Industries Ltd, here is a detailed analysis based on the latest available data and recent trends:

For FaceValue, as of Mar 25, the value is 10.00. This value is within the healthy range. There is no change compared to the previous period (Mar 24) which recorded 10.00.
For Basic EPS (Rs.), as of Mar 25, the value is 11.95. This value is within the healthy range. It has increased from 6.31 (Mar 24) to 11.95, marking an increase of 5.64.
For Diluted EPS (Rs.), as of Mar 25, the value is 11.94. This value is within the healthy range. It has increased from 6.31 (Mar 24) to 11.94, marking an increase of 5.63.
For Cash EPS (Rs.), as of Mar 25, the value is 15.34. This value is within the healthy range. It has increased from 9.21 (Mar 24) to 15.34, marking an increase of 6.13.
For Book Value[Excl.RevalReserv]/Share (Rs.), as of Mar 25, the value is 167.88. It has increased from 155.66 (Mar 24) to 167.88, marking an increase of 12.22.
For Book Value[Incl.RevalReserv]/Share (Rs.), as of Mar 25, the value is 167.88. It has increased from 155.66 (Mar 24) to 167.88, marking an increase of 12.22.
For Revenue From Operations / Share (Rs.), as of Mar 25, the value is 63.25. It has increased from 45.13 (Mar 24) to 63.25, marking an increase of 18.12.
For PBDIT / Share (Rs.), as of Mar 25, the value is 21.33. This value is within the healthy range. It has increased from 12.94 (Mar 24) to 21.33, marking an increase of 8.39.
For PBIT / Share (Rs.), as of Mar 25, the value is 17.93. This value is within the healthy range. It has increased from 9.94 (Mar 24) to 17.93, marking an increase of 7.99.
For PBT / Share (Rs.), as of Mar 25, the value is 16.06. This value is within the healthy range. It has increased from 8.26 (Mar 24) to 16.06, marking an increase of 7.80.
For Net Profit / Share (Rs.), as of Mar 25, the value is 11.95. This value is within the healthy range. It has increased from 6.22 (Mar 24) to 11.95, marking an increase of 5.73.
For NP After MI And SOA / Share (Rs.), as of Mar 25, the value is 11.95. This value is within the healthy range. It has increased from 6.22 (Mar 24) to 11.95, marking an increase of 5.73.
For PBDIT Margin (%), as of Mar 25, the value is 33.71. This value is within the healthy range. It has increased from 28.66 (Mar 24) to 33.71, marking an increase of 5.05.
For PBIT Margin (%), as of Mar 25, the value is 28.35. This value exceeds the healthy maximum of 20. It has increased from 22.03 (Mar 24) to 28.35, marking an increase of 6.32.
For PBT Margin (%), as of Mar 25, the value is 25.39. This value is within the healthy range. It has increased from 18.30 (Mar 24) to 25.39, marking an increase of 7.09.
For Net Profit Margin (%), as of Mar 25, the value is 18.88. This value exceeds the healthy maximum of 10. It has increased from 13.79 (Mar 24) to 18.88, marking an increase of 5.09.
For NP After MI And SOA Margin (%), as of Mar 25, the value is 18.88. This value is within the healthy range. It has increased from 13.79 (Mar 24) to 18.88, marking an increase of 5.09.
For Return on Networth / Equity (%), as of Mar 25, the value is 7.11. This value is below the healthy minimum of 15. It has increased from 3.99 (Mar 24) to 7.11, marking an increase of 3.12.
For Return on Capital Employeed (%), as of Mar 25, the value is 10.36. This value is within the healthy range. It has increased from 6.24 (Mar 24) to 10.36, marking an increase of 4.12.
For Return On Assets (%), as of Mar 25, the value is 5.99. This value is within the healthy range. It has increased from 3.43 (Mar 24) to 5.99, marking an increase of 2.56.
For Long Term Debt / Equity (X), as of Mar 25, the value is 0.00. This value is below the healthy minimum of 0.2. There is no change compared to the previous period (Mar 24) which recorded 0.00.
For Total Debt / Equity (X), as of Mar 25, the value is 0.08. This value is within the healthy range. There is no change compared to the previous period (Mar 24) which recorded 0.08.
For Asset Turnover Ratio (%), as of Mar 25, the value is 0.33. It has increased from 0.31 (Mar 24) to 0.33, marking an increase of 0.02.
For Current Ratio (X), as of Mar 25, the value is 3.25. This value exceeds the healthy maximum of 3. It has decreased from 4.51 (Mar 24) to 3.25, marking a decrease of 1.26.
For Quick Ratio (X), as of Mar 25, the value is 2.11. This value exceeds the healthy maximum of 2. It has decreased from 3.32 (Mar 24) to 2.11, marking a decrease of 1.21.
For Inventory Turnover Ratio (X), as of Mar 25, the value is 2.27. This value is below the healthy minimum of 4. It has increased from 1.27 (Mar 24) to 2.27, marking an increase of 1.00.
For Interest Coverage Ratio (X), as of Mar 25, the value is 21.87. This value is within the healthy range. It has increased from 20.13 (Mar 24) to 21.87, marking an increase of 1.74.
For Interest Coverage Ratio (Post Tax) (X), as of Mar 25, the value is 14.17. This value is within the healthy range. It has increased from 12.30 (Mar 24) to 14.17, marking an increase of 1.87.
For Enterprise Value (Cr.), as of Mar 25, the value is 10,957.01. It has increased from 9,960.48 (Mar 24) to 10,957.01, marking an increase of 996.53.
For EV / Net Operating Revenue (X), as of Mar 25, the value is 13.06. This value exceeds the healthy maximum of 3. It has decreased from 16.65 (Mar 24) to 13.06, marking a decrease of 3.59.
For EV / EBITDA (X), as of Mar 25, the value is 38.74. This value exceeds the healthy maximum of 15. It has decreased from 58.09 (Mar 24) to 38.74, marking a decrease of 19.35.
For MarketCap / Net Operating Revenue (X), as of Mar 25, the value is 13.13. This value exceeds the healthy maximum of 3. It has decreased from 17.30 (Mar 24) to 13.13, marking a decrease of 4.17.
For Price / BV (X), as of Mar 25, the value is 4.95. This value exceeds the healthy maximum of 3. It has decreased from 5.01 (Mar 24) to 4.95, marking a decrease of 0.06.
For Price / Net Operating Revenue (X), as of Mar 25, the value is 13.13. This value exceeds the healthy maximum of 3. It has decreased from 17.30 (Mar 24) to 13.13, marking a decrease of 4.17.
For EarningsYield, as of Mar 25, the value is 0.01. This value is below the healthy minimum of 5. There is no change compared to the previous period (Mar 24) which recorded 0.01.

Overall, while many metrics show healthy performance, any figures highlighted in red or significant downward trends warrant further investigation.

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of Aether Industries Ltd as of March 5, 2026 is: ₹706.14

Calculation basis:

Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

As of March 5, 2026, Aether Industries Ltd is Overvalued by 24.23% compared to the current share price ₹932.00

Intrinsic Value of Aether Industries Ltd as of March 5, 2026 is: ₹754.65

Calculation basis:

Intrinsic value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the intrinsic value of the stock by analyzing its fundamental indicators along with EPS growth.

As of March 5, 2026, Aether Industries Ltd is Overvalued by 19.03% compared to the current share price ₹932.00

Last 5 Year EPS CAGR: 6.87%

*Investments are subject to market risks

Strength and Weakness

Strength	Weakness
The stock has a low average Working Capital Days of 25.92, which is a positive sign. The company has higher reserves (605.46 cr) compared to borrowings (125.15 cr), indicating strong financial stability. The company has shown consistent growth in sales (356.08 cr) and profit (82.69 cr) over the years.	The stock has a low average ROCE of 14.50%, which may not be favorable. The stock has a high average Cash Conversion Cycle of 183.08, which may not be favorable.

Stock Analysis

Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in Aether Industries Ltd:
1. Net Profit Margin: 18.88%
  - Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
2. ROCE: 10.36% (Industry Average ROCE: 12.99%)
  - ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
3. ROE%: 7.11% (Industry Average ROE: 25.41%)
  - ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
4. Interest Coverage Ratio (Post Tax): 14.17
  - Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
5. Quick Ratio: 2.11
  - Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
6. Stock P/E: 66.4 (Industry average Stock P/E: 80.55)
  - Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
7. Total Debt / Equity: 0.08
  - Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
The current analysis is available for review. It's important to conduct thorough research and consider consulting with financial professionals before making any investment decisions.
Stock Rating:

About the Company - Qualitative Analysis

Aether Industries Ltd. is a Public Limited Listed company incorporated on 23/01/2013 and has its registered office in the State of Gujarat, India. Company's Corporate Identification Number(CIN) is L24100GJ2013PLC073434 and registration number is 073434. Currently Company is involved in the business activities of Manufacture of basic chemicals. Company's Total Operating Revenue is Rs. 788.52 Cr. and Equity Capital is Rs. 132.59 Cr. for the Year ended 31/03/2025.

INDUSTRY	ADDRESS	CONTACT
Chemicals - Speciality - Others	Plot No. 8203, Surat Gujarat 394230	Contact not found

Management
Name	Position Held
Mr. Kamalvijay Ramchandra Tulsian	Chairman & Non-Exe.Director
Mr. Ashwin Jayantilal Desai	Managing Director
Mr. Rohan Ashwin Desai	Whole Time Director
Dr. Aman Ashvin Desai	Whole Time Director
Ms. Purnima Ashwin Desai	Whole Time Director
Ms. Ishita Surendra Manjrekar	Non Executive Director
Mr. Arun Brijmohan Kanodiya	Ind. Non-Executive Director
Mr. Jeevan Lal Nagori	Ind. Non-Executive Director
Mr. Leja Satish Hattiangadi	Ind. Non-Executive Director
Dr. Amol Arvindrao Kulkarni	Ind. Non-Executive Director
Mr. Rajkumar Mangilal Borana	Ind. Non-Executive Director
Mr. Jitendra Popatlal Vakharia	Ind. Non-Executive Director

FAQ

What is the intrinsic value of Aether Industries Ltd?

Aether Industries Ltd's intrinsic value (as of 05 March 2026) is ₹754.65 which is 19.03% lower the current market price of ₹932.00, indicating overvalued. Calculated using the PE ratio method, this valuation considers the company's ₹12,367 Cr. market cap, FY2025-2026 high/low of ₹1,086/723, reserves of ₹2,178 Cr, and liabilities of ₹2,750 Cr.

What is the Market Cap of Aether Industries Ltd?

The Market Cap of Aether Industries Ltd is 12,367 Cr..

What is the current Stock Price of Aether Industries Ltd as on 05 March 2026?

The current stock price of Aether Industries Ltd as on 05 March 2026 is ₹932.

What is the High / Low of Aether Industries Ltd stocks in FY 2025-2026?

In FY 2025-2026, the High / Low of Aether Industries Ltd stocks is ₹1,086/723.

What is the Stock P/E of Aether Industries Ltd?

The Stock P/E of Aether Industries Ltd is 66.4.

What is the Book Value of Aether Industries Ltd?

The Book Value of Aether Industries Ltd is 174.

What is the Dividend Yield of Aether Industries Ltd?

The Dividend Yield of Aether Industries Ltd is 0.00 %.

What is the ROCE of Aether Industries Ltd?

The ROCE of Aether Industries Ltd is 9.92 %.

What is the ROE of Aether Industries Ltd?

The ROE of Aether Industries Ltd is 7.49 %.

What is the Face Value of Aether Industries Ltd?

The Face Value of Aether Industries Ltd is 10.0.