AETHER

Aether Industries share price & results

Aether Industries Limited· Chemicals· Commodities

Results to
Sept 2026
Latest analysed call
Q2 FY27
Ownership as of
Sept 2026

Gujarat-based specialty chemicals maker of advanced intermediates for pharma, agrochem & oil & gas

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Guidance Hit Rate
30 targets · 50% hit rate 5 achieved · 20 active →
Segment Shift
Sector & Mix Compare sector growth & peers →
Reverse DCF
Implied Growth Test priced-in growth in DCF tool →
Concall & Tone
Q2 FY27 analysed Read claims, qualifiers & Q&A →

Price & Snapshot

₹1,590.1 −0.84% · −₹13.4

Last close 9 Nov 2026 · NSE · INR · Source: Inve

Performance +116.0% 1Y

₹0.8k₹1.0k₹1.2k₹1.4k₹1.6k₹1.8kNov 25Dec 25Feb 26Mar 26May 26Jun 26Aug 26Sept 26Nov 26Q2 FY26 — 13 Nov 2025Q3 FY26 — 3 Feb 2026Q4 FY26 — 15 May 2026Q1 FY27 — 31 Jul 2026Q2 FY27 — 30 Oct 2026

1Y: ₹736.15 on 7 Nov 2025 → ₹1,590.1. High ₹1,799.8 (6 Oct 2026), low ₹732.6 (11 Nov 2025).

Previous close
₹1,603.5
Market cap
₹20.4k Cr
52-week range
₹732.6 – ₹1,799.8
One year
+115.33%
Price to earnings (TTM to Sept 2026)
81.15×
Return on equity (TTM to Sept 2026)
9.71%

Reported

Key financial metrics & valuation ratios

Each figure keeps its basis and period; nothing is filled in.

MetricValueChangeBasisPeriodNote
Revenue24.0 ₹ crore−41.5% YoYQuarterly, as filedQuarter to Sept 2026Revenue from operations as filed.
Operating margin32.0 %+1.0 pts YoYOperating profit / revenueQuarter to Sept 2026For the quarter; a change is in percentage points.
Net profit68.0 ₹ crore+25.9% YoYQuarterly, as filedQuarter to Sept 2026Profit after tax as filed.
Return on equity9.71 %+1.9 ptsFY Mar 2026 vs FY Mar 2025Trailing twelve monthsTTM to Sept 2026
Adjusted profit attributable to owners ÷ average owners’ equity.
Free cash flow margin-28.71 %−4.5 ptsFY Mar 2026 vs FY Mar 2025Fiscal yearFY ending Mar 2026
(Operating cash flow − fixed-asset purchases + disposals) ÷ revenue.
Revenue growth (YoY)30.19 %−2.7 ptsFY Mar 2026 vs FY Mar 2025Trailing twelve monthsTTM to Sept 2026
Revenue change against the same period one year earlier.

Source: Inve data from filed results; ratios from the Screener-verified panel · to Sept 2026

Guidance

What management said, and what became of it

5 of 10 judged targets kept · 20 open · verdicts reflect calls analysed to Q2 FY27.

Aether Industries Limited management guidance track record on Inve: 30 targets tracked across analysed earnings calls (5 achieved, 5 missed, 20 open).

Delivering on Capex (1/1 achieved), while Operations (2 need watch) is lagging.

TargetOriginal wordingSaidLatest callVerdict
Capex Site 5 Production Blocks Commissioning
Commission first two blocks by end of Q3 FY26
Call transcript, Q1 FY26 · 24 Jul 2025
Q1 FY26
Q2 FY27:Promise fulfilled in prior quarters (diluted timeline). Site 5 Phase 1 operational, and civil works on further blocks are advancing.
Call transcript, Q2 FY27 · 30 Oct 2026
Achieved*
Operations Working Capital Cycle
165-170 days by end of FY26
Call transcript, Q1 FY26 · 24 Jul 2025
Q1 FY26
Q2 FY27:Promise concluded in FY26 as missed; superseded by FY27 target.
Call transcript, Q2 FY27 · 30 Oct 2026
Missed
Operations Working Capital Cycle
Around 160 days, with an aim for 150 days, by end of FY27
Call transcript, Q4 FY26 · 15 May 2026
Q4 FY26
Q2 FY27:Working capital cycle stretched to ~165 days (+3 days vs March 31) and inventory days surged to 172 days (up from 151 in March, adding ~INR 180 cr stock). Management declined to give a year-end target, putting the 150-160 day goal at risk.
Call transcript, Q2 FY27 · 30 Oct 2026
At Risk

Source: Inve Guidance Tracker for Aether Industries Limited · to Q2 FY27

A verdict describes what became of management’s own words in later analysed calls. “Delayed” is a change of date, “went quiet” a target the calls stopped mentioning. None of it is a judgement on the investment. The methodology sets out how verdicts are recorded.

5 of Aether Industries Limited's 30 targets were missed. See which ones, and which are quietly gone. The 3 above are the free sample; 27 more targets are in the full ledger.

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Sector context

Sector call context

Shared sector pressures matched to this company’s latest reporting period.

Similar pressures reported by peers

Tailwind coverage is not available yet.

Similar commentary provides sector context; it does not establish a business relationship with Aether Industries Limited. Each comparison matches a headwind disclosed by Aether Industries Limited in the same calendar reporting quarter.

  • Inventory bought at high prices

    Topic: Raw material costs · Raw material cost · Q2 FY27

    Aether Industries Limited reported: Inventory bought at high prices; management says CEM contracts pass through price changes and inventory is mainly for contract manufacturing, not LSM

    Reporting period ended 2026-09-30

    29 other companies · Raw material cost

    Pidilite Industries Limited (PIDILITIND) reported (period ended 2026-09-30): Management said the impact of the latest pricing round, El Niño, elevated crude and any further escalation is 'not fully baked in'.

    SRF Limited (SRF) reported (period ended 2026-09-30): Downstream petrochemical and chemical feedstocks face price pressure; full pass-through is delayed, particularly in the Specialty Chemicals segment.

    Gujarat Fluorochemicals Limited (FLUOROCHEM) reported (period ended 2026-09-30): Management clarified that LiPF6 customer contracts are volume-bound with raw material formula-based pass-through pricing, protecting absolute margins.

    Navin Fluorine International Limited (NAVINFLUOR) reported (period ended 2026-09-30): Input costs for sulfur, natural gas, and fluorspar have increased significantly, which Navin is countering via contractual pass-throughs, efficiency gains, and forex tailwinds.

    Evidence drawer

    Evidence type: Summary paraphrase

    Inventory bought at high prices; management says CEM contracts pass through price changes and inventory is mainly for contract manufacturing, not LSM

    Source company: Aether Industries Limited · Reporting period ended 2026-09-30 · Calendar quarter: Q2 FY27 · Distinct companies matched: 29

    Similar commentary provides sector context; it does not establish a business relationship.

From available earnings-call summaries. Disclosures are management statements, not independently verified transactions.

Live Summary

AETHER ₹1,590.1 −0.84%
Guidance Verdict (30 tracked) 5 kept · 20 open· 5 missed
AI Call Brief · Q2 FY27

Aether Industries Limited Q2 FY27

Overview

Symbol
NSE:AETHER
Sector
Chemicals
Industry
Commodities
Exchange
NSE
Currency
INR

What Aether Industries Limited does

Based on the company's own presentations, annual report and earnings calls.

Aether Industries designs, develops and manufactures advanced intermediates and specialty chemicals for pharmaceutical, agrochemical, oil & gas, material science, coatings, additives and high-performance photography customers worldwide. Its business model runs on in-house R&D: molecules are conceived and developed by its own research team, scaled through its pilot plant, and then produced commercially, so it can make products such as ones never previously produced in India and compete with established Chinese suppliers. Revenue is earned across three business models — Contract Research & Manufacturing Services (CRAMS), Contract & Exclusive Manufacturing (CEM), and Large Scale Manufacturing (LSM) — serving both domestic and export customers, including via a subsidiary, Aether Speciality Chemicals Limited, that runs one of its manufacturing sites.

Segments

  • Contract Research & Manufacturing Services (CRAMS)
  • Contract & Exclusive Manufacturing (CEM)
  • Large Scale Manufacturing (LSM)
Manufacturing facilities
7 sites (Facility 1, 2, 3, 3++, 4, 5, 5+) across Surat and Panoli, Gujarat
R&D / pilot plant
In-house R&D team with what the company describes as the world's largest pilot plant, used to scale lab chemistry to full production
Warehouses
9, for raw material, finished goods and packing material storage in Surat, Gujarat
Overseas offices
USA (Midland, Michigan) and Europe (Geldern, Germany)
Captive solar power capacity
31 MW (16 MW static panels + 15 MW auto-tracker)
New customers onboarded (FY26)
19, across all business models
Founded 2013Headquarters Surat, Gujarat, IndiaEmployees 987 (2025-03-31) Company website

How the price took the results

Moved an average of ±2.6% across the last 5 priced result releases

Close before → close after
QuarterReleaseRevenue (₹ Cr) Net profit (₹ Cr)Rev YoYBefore → AfterReaction
Q2 FY2730 Oct 2624 68−41.5%₹1,581 → ₹1,616.2+2.2%
Q1 FY2731 Jul 2627 63−37.2%₹1,490.8 → ₹1,539.6+3.3%
Q4 FY2615 May 2627 54−74.0%₹1,106.3 → ₹1,111.5+0.5%
Q3 FY263 Feb 2645 64+9.8%₹1,038 → ₹1,006.6−3.0%
Q2 FY2613 Nov 2541 54—₹743.65 → ₹773.3+4.0%

The move from the last close before each results date to the first close on or after it — the market's first read on the quarter alongside what was filed.

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PEER COMPARISON
Median ₹20,449 Cr Mkt Cap
₹0 Cr₹20,000 Cr₹40,000 Cr₹60,000 CrAether Industries Limited (AETHER): ₹20,449 Cr₹20,449 CrAETHERUPL Limited (UPL): ₹45,697 Cr₹45,697 CrUPLHimadri Speciality Chemical Limited (HSCL): ₹26,770 Cr₹26,770 CrHSCLPI Industries Limited (PIIND): ₹25,988 Cr₹25,988 CrPIINDDeepak Nitrite Limited (DEEPAKNTR): ₹21,528 Cr₹21,528 CrDEEPAKNTRFine Organic Industries Limited (FINEORG): ₹16,293 Cr₹16,293 CrFINEORGAarti Industries Limited (AARTIIND): ₹16,108 Cr₹16,108 CrAARTIINDSumitomo Chemical India Limited (SUMICHEM): ₹15,728 Cr₹15,728 CrSUMICHEMBayer Cropscience Limited (BAYERCROP): ₹15,656 Cr₹15,656 CrBAYERCROP

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Quick Answers

Frequently asked questions on Aether Industries Limited

Compiled directly from AETHER's filed financial statements, earnings call transcripts, and ownership disclosures.

How did Aether Industries Limited (AETHER) perform in its latest reported quarter (Sept 2026)?

For the quarter ended Sept 2026, Aether Industries Limited reported revenue of ₹24 Cr, net profit of ₹68 Cr, an operating margin of 32.0%. Diluted earnings per share stood at ₹5.12.

How is Aether Industries Limited (AETHER) valued today, and what growth does the stock price imply?

Aether Industries Limited (AETHER) trades at ₹1,590.1, with a market capitalization of ₹20.4k Cr.

Who owns Aether Industries Limited (AETHER) — promoters, FIIs, DIIs, and mutual funds?

As of Sept 2026, Promoters hold 74.9%, FIIs hold 8.5%, DIIs hold 9.7%, Public shareholders hold 6.9%.

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