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Last Updated on: 20 April, 2024|Author: Getaka | Social: X Twitter Profile
Stock Ticker - BSE: 543534 | NSE: AETHER

Fundamental Analysis of Aether Industries Ltd

Basic Stock Data

Last Updated: April 19, 2024, 3:23 pm

Market Cap 11,027 Cr.
Current Price 832
High / Low1,211/762
Stock P/E85.2
Book Value 154
Dividend Yield0.00 %
ROCE18.4 %
ROE15.9 %
Face Value 10.0

Data Source: screener.in

Competitors of Aether Industries Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Clean Science & Technology Ltd 13,779 Cr. 1,2981,622/1,27754.2 1030.39 %44.5 %33.2 % 1.00
Pidilite Industries Ltd 1,53,964 Cr. 3,0273,074/2,29389.9 1480.37 %23.8 %18.7 % 1.00
Lasa Supergenerics Ltd 129 Cr. 25.841.2/20.1 22.60.00 %11.9 %14.0 % 10.0
Black Rose Industries Ltd 684 Cr. 134173/12039.4 26.80.41 %9.70 %6.35 % 1.00
Savita Oil Technologies Ltd 4,090 Cr. 592602/26619.7 2210.68 %24.2 %16.1 % 2.00
Industry Average34,529.20 Cr1,015.3640.64104.280.37%22.82%17.67%3.00

Quarterly Result

MonthMar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Sales116150141151148160140167184161164155
Expenses80104101112105118103120124116118124
Operating Profit364640394242374760454631
OPM %31%31%29%26%29%27%26%28%32%28%28%20%
Other Income1132066313156
Interest333433101122
Depreciation34344556791010
Profit before tax304037343541374452375025
Tax %25%20%32%25%26%26%27%20%28%18%24%25%
Net Profit233225252631273538303819
EPS in Rs22.6532.0124.932.252.312.462.192.813.022.282.851.44

Last Updated: April 10, 2024, 5:44 am

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: April 5, 2024, 10:27 pm

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales01024109201302450590651664
Expenses1312285154230338422465483
Operating Profit-1-2-12234872112168186182
OPM %-252%-194%10%21%24%24%25%28%29%27%
Other Income3410022471725
Interest11019119111356
Depreciation000156811152336
Profit before tax00019335794146174164
Tax %39%27%31%300%17%28%29%24%26%25%
Net Profit000-18234071109130125
EPS in Rs0.140.120.11-1.279.0827.2746.6870.439.6710.479.59
Dividend Payout %0%0%0%0%0%0%0%0%0%0%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2017-20182018-20192019-20202020-20212021-20222022-2023
YoY Net Profit Growth (%)900.00%187.50%73.91%77.50%53.52%19.27%
Change in YoY Net Profit Growth (%)0.00%-712.50%-113.59%3.59%-23.98%-34.26%

Growth

Compounded Sales Growth
10 Years:%
5 Years:43%
3 Years:29%
TTM:8%
Compounded Profit Growth
10 Years:%
5 Years:76%
3 Years:48%
TTM:9%
Stock Price CAGR
10 Years:%
5 Years:%
3 Years:%
1 Year:-12%
Return on Equity
10 Years:%
5 Years:29%
3 Years:25%
Last Year:16%

Last Updated: April 17, 2024, 10:22 am

Balance Sheet

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital9934999910113125133
Reserves000-1730701642741,1201,914
Preference Capital002525252525000
Borrowings403528861011011472112911617
Other Liabilities114444367756792120160
Total Liabilities5045651371592073004537701,3802,223
Fixed Assets21156100106129216257646718
CWIP720424021170583786
Investments168000002217112
Other Assets2515214156991542144386951,407
Total Assets5045651371592073004537701,3802,223

Reserves and Borrowings Chart

Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity -1-3-6-96231823-5-7
Cash from Investing Activity -332-14-48-11-13-48-77-151-348
Cash from Financing Activity 47-617574-103355169439
Net Cash Flow13-8-3-1-00221284

Free Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Free Cash Flow-1.00-2.00-26.00-23.00-2.0023.0047.00112.00168.00186.00

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

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days944,35816788877688101145
Inventory Days529,733629149133166141221301
Days Payable1721,922575927688829599
Cash Conversion Cycle-2512,169220144144153147227348
Working Capital Days3,56815,9833041237197121183269
ROCE %-1%-0%2%14%28%32%33%30%18%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthJun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Promoters87.09%87.10%87.07%87.07%81.80%81.80%81.79%
FIIs1.80%1.49%1.56%1.57%1.87%2.44%1.97%
DIIs8.33%8.39%8.35%8.39%13.65%12.99%11.79%
Public2.78%3.03%3.01%2.98%2.67%2.76%4.44%
No. of Shareholders51,63957,52956,84053,45655,20860,46684,000

Shareholding Pattern Chart

No. of Shareholders

Aether Industries Ltd Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)
SBI Magnum Midcap Fund32662691.81288.67
SBI Magnum Global Fund31000004.21273.98
SBI Multicap Fund15902200.96140.54
SBI Healthcare Opportunities Fund14000005.09123.73
SBI Conservative Hybrid Fund10300000.9489.22
SBI Conservative Hybrid Fund - Div (Annual)10300000.9489.22
SBI Conservative Hybrid Fund - Div (Monthly)10300000.9489.22
Axis Small Cap Fund5854520.2651.74
SBI Magnum Childrens Benefit Fund - Investment Plan4400002.4238.89
SBI Equity Savings Fund4359600.9938.53

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 23Mar 22
FaceValue10.0010.00
Basic EPS (Rs.)10.479.67
Diluted EPS (Rs.)10.479.67
Cash EPS (Rs.)12.3411.04
Book Value[Excl.RevalReserv]/Share (Rs.)99.9634.33
Book Value[Incl.RevalReserv]/Share (Rs.)99.9634.33
Revenue From Operations / Share (Rs.)52.2952.36
PBDIT / Share (Rs.)16.2915.54
PBIT / Share (Rs.)14.4214.16
PBT / Share (Rs.)14.0113.00
Net Profit / Share (Rs.)10.479.67
NP After MI And SOA / Share (Rs.)10.479.67
PBDIT Margin (%)31.1529.67
PBIT Margin (%)27.5827.04
PBT Margin (%)26.7924.82
Net Profit Margin (%)20.0318.46
NP After MI And SOA Margin (%)20.0318.46
Return on Networth / Equity (%)10.4728.15
Return on Capital Employeed (%)13.9630.24
Return On Assets (%)9.4514.14
Long Term Debt / Equity (X)0.000.31
Total Debt / Equity (X)0.000.73
Asset Turnover Ratio (%)0.600.00
Current Ratio (X)7.181.69
Quick Ratio (X)4.541.02
Inventory Turnover Ratio (X)1.840.00
Interest Coverage Ratio (X)39.8213.34
Interest Coverage Ratio (Post Tax) (X)26.619.30
Enterprise Value (Cr.)11572.590.00
EV / Net Operating Revenue (X)17.770.00
EV / EBITDA (X)57.060.00
MarketCap / Net Operating Revenue (X)17.930.00
Price / BV (X)9.380.00
Price / Net Operating Revenue (X)17.930.00
EarningsYield0.010.00

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value: 2127.93

The stock is undervalued by 155.76% compared to the current price ₹832

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.

*Investments are subject to market risks

Strength and Weakness

StrengthWeakness
  1. The stock has a high average ROCE of 15.60%, which is a positive sign.
  2. The company has higher reserves (325.27 cr) compared to borrowings (11.36 cr), indicating strong financial stability.
  3. The company has shown consistent growth in sales (272.00 cr) and profit (61.64 cr) over the years.
  1. The stock has a high average Working Capital Days of 118.60, which may not be favorable.
  2. The stock has a high average Cash Conversion Cycle of 137.00, 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: 20.03%
      • 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: 13.96% (Industry Average ROCE: 12.47%)
      • 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%: 10.47% (Industry Average ROE: 8.02%)
      • 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): 26.61
      • 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: 4.54
      • 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: 85.2 (Industry average Stock P/E: 10.18)
      • 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: 0.00
      • 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

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 belongs to the Industry of Chemicals - Speciality - Others. Company’s Total Operating Revenue is Rs. 590.05 Cr. and Equity Capital is Rs. 112.69 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Chemicals - Speciality - OthersPlot No. 8203, Surat Gujarat 394230info@aether.co.in
http://www.aether.co.in
Management
NamePosition Held
Mr. Kamalvijay Ramchandra TulsianChairperson & Non Executive Director
Mr. Ashwin Jayantilal DesaiManaging Director
Mr. Rohan Ashwin DesaiWhole Time Director
Dr. Aman Ashvin DesaiWhole Time Director
Ms. Purnima Ashwin DesaiWhole Time Director
Ms. Ishita Surendra ManjrekarNon Executive Director
Mr. Arun Brijmohan KanodiyaInd. Non-Executive Director
Mr. Jeevan Lal NagoriInd. Non-Executive Director
Mr. Leja Satish HattiangadiInd. Non-Executive Director
Dr. Amol Arvindrao KulkarniInd. Non-Executive Director
Mr. Rajkumar Mangilal BoranaInd. Non-Executive Director
Mr. Jitendra Popatlal VakhariaInd. Non-Executive Director

Aether Industries Ltd. Share Price Update

Share PriceValue
Today₹834.90
Previous Day₹844.35

FAQ

What is the latest fair value of Aether Industries Ltd?

The latest fair value of Aether Industries Ltd is 2127.93.

What is the Market Cap of Aether Industries Ltd?

The Market Cap of Aether Industries Ltd is 11,027 Cr..

What is the current Stock Price of Aether Industries Ltd as on 19 April 2024?

The current stock price of Aether Industries Ltd as on 19 April 2024 is 832.

What is the High / Low of Aether Industries Ltd stocks in FY 2024?

In FY 2024, the High / Low of Aether Industries Ltd stocks is ₹1,211/762.

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

The Stock P/E of Aether Industries Ltd is 85.2.

What is the Book Value of Aether Industries Ltd?

The Book Value of Aether Industries Ltd is 154.

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 18.4 %.

What is the ROE of Aether Industries Ltd?

The ROE of Aether Industries Ltd is 15.9 %.

What is the Face Value of Aether Industries Ltd?

The Face Value of Aether Industries Ltd is 10.0.

About the Author

Author Avatar
Getaka

Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Aether Industries Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE