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    Aether Industries Limited

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

    Chemicals
    Commodities
    View AETHER earnings calls
    ₹1,475.3
    +20.03% from avg

    Overview

    Price

    ₹1,475.3

    Market Cap

    ₹19.5k Cr

    Sector

    Chemicals

    Commodities

    Rank

    4

    Performance

    Financials

    Income Statement

    Financial Trajectories

    11
    Quarterly

    Balance Sheet

    Balance Sheet

    ₹ Cr · Annual
    Line itemFY20FY21FY22FY23FY24FY25FY26FY26
    LiabilitiesEquity Capital910113125133133133133
    Reserves701642741.1k1.9k2.1k2.2k2.3k
    Borrowings17221129116144137165356
    Other Liabilities506792120143199275237
    Total Liabilities3004537701.4k2.4k2.6k2.8k3.0k
    AssetsFixed Assets1292162576467439891.1k1.4k
    CWIP1705837219340529474
    Investments0221710100100100
    Other Assets1542144386951.4k1.1k1.1k1.0k
    Total Assets3004537701.4k2.4k2.6k2.8k3.0k

    Cash Flow

    Cash Flow

    ₹ Cr · Annual
    Line itemFY19FY20FY21FY22FY23FY24FY25FY26
    ActivitiesCash from Operating231823-5-7-2118146
    Cash from Investing-13-48-77-151-348-399-415-590
    Cash from Financing-103355169439854-19211
    SummaryCapital Expenditure
    Free Cash Flow10-30-53-157-363-305-304-375
    FCF Margin

    Valuation

    Assumptions

    Current — AETHER
    Price
    ₹1,475
    EPS (TTM)
    ₹13.10
    PE (TTM)
    112.6
    Profit growth
    9.9%

    The Earnings Per Share over the last 12 months.

    %

    Your assumption of the company's expected yearly EPS growth (e.g., 6 for 6%).

    Pre-filled with the lower of median (89.4×) and current (112.6×) PE — the conservative anchor.

    %

    The annualized return you aim to achieve. We solve for the price that delivers it, then compare to today's price.

    Valuation

    Current price
    ₹1,475
    vs
    Fair value · 15% return
    ₹804
    45%Overvalued

    At 9.9% growth and a 89× exit, ₹1475 only delivers your return if you pay ₹804. The price is currently baking in 23% growth.

    EPS grows 9.9%/yr for 5 years, then fades to 6% over 2, exits at 89×.

    YearGrowthEPS (₹)
    FY279.9%14.40
    FY289.9%15.82
    FY299.9%17.39
    FY309.9%19.11
    FY319.9%21.00
    FY328.0% ·fade22.67
    FY336.0% ·fade24.03

    Methodology: we discount normalized net profit as a proxy for owner earnings (an earnings-power approximation — not full free cash flow). Terminal growth is capped at 6% (≈ nominal GDP) regardless of the required return. This is an analytical tool, not investment advice.

    Learn to analyse Aether Industries Limited

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