Aether Industries Q1 FY27 Share Price & Earnings Call Analysis
- Market cap
- ₹20,979 Cr
- P/E
- 87.42
- ROE
- 9.66%
- PEG
- 4.30
- Price to sales
- 17.04
- Debt to equity
- 0.19
- 52W high / low
- ₹1,800 / ₹733
- EBITDA margin
- 31.34%
- Net profit margin
- 19.50%
- Promoter holding
- 74.92%
- Sales (last year)
- ₹1,231 Cr
Incorporated in 2013, Aether Industries Limited is a manufacturer of specialty chemicals. The company is sole Indian manufacturer for chemicals such as 4-(2-Methoxyethyl) Phenol (4MEP), and 3-Methoxy-2-Methylbenzoyl Chloride (MMBC), Thiophene-2-Ethanol (T2E), Ortho Tolyl Benzo Nitrile (OTBN), N-Octyl-D-Glucamine, Delta-Valerolactone, and Bifenthrin Alcohol.[1]
Guidance scorecard · Q1 FY27 call
What Aether Industries Ltd's management guided
and where it ranks in Chemicals & Petrochemicals
Chemicals & Petrochemicals
RevenueQ1 FY27 call
20–40%- CEM (Contract Exclusive Manufacturing) and CRAMS (Contract Research and Manufacturing Services) are expected to contribute over 70% of revenue in the next couple of years, indicating strong growth in these high-margin segments.
- Site 3++ block ramp-up and Site 5 commissioning are on schedule, which will increase production capacity and sales in upcoming quarters.
- New customer onboarding and more than nine customer audits cleared in Q1 FY27 signal a strong and growing order pipeline.
- Organic growth in the oil and gas segment, which already accounts for around 20% of revenue and expected to increase further.
- Semiconductor and material science segments have high growth potential with multiyear R&D programs underway, including new product commercialization starting Q2 FY27.
2 more points from Aether Industries Ltd's call on revenue
Create a free account to keep reading this call
MarginsQ1 FY27 call
FlatSee what Aether Industries Ltd said on margins — free account, 30 seconds.
CapexQ1 FY27 call
Planned- Total capex for Q1 FY27 was INR 943 million.
- Capex expected for FY27 is between INR 3,000 million to INR 3,500 million.
- FY27 capex primarily allocated to Site 5 and the new R&D site, which is progressing well.
- Expansion includes Site 3++ ramp-up and capacity scaling at Site 5.
- Strategic investments include building manufacturing capacity near Surat at Panoli (Magnum Site 5).
- Focus on concurrent expansions in R&D, pilot plants, and manufacturing assets.
2 more points from Aether Industries Ltd's call on capex
Create a free account to keep reading this call
FundraisingQ1 FY27 call
See what Aether Industries Ltd said on fundraising — free account, 30 seconds.
Order bookQ1 FY27 call
Rising- Commercial sales for new LSM products at Site 5 started in Q1 FY27, with revenue contribution expected from Q2 FY27.
- Order buildup is in progress for new LSM products across pharmaceutical, agrochemical, and material science sectors.
- The CEM and CRAMS pipelines are described as the deepest ever, with strong order visibility and rising urgency from Western customers in FY27.
Ranges are what management guided for revenue growth and margins on the latest earnings call. Not investment advice, and not a forecast of returns.
Potential multibaggers · Q2 FY27
Potential multibaggers in Chemicals & Petrochemicals
on management's own guidance
- Strong growth2
- Strong growth1
- Strong growth3
Portfolio builder
Build your portfolio
from the top-ranked stocks
- 1. Pick 3–15 stocks
- 2. Choose large, mid or small cap and your sectors
- 3. Get a portfolio built from the rankings
Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.
Peers
Chemicals & Petrochemicals companies ranked on guidance
| # | Company | Revenue guided | Margin guided | Market cap | P/E |
|---|---|---|---|---|---|
| 1 | 40%+ | Up 0–2% | ₹263 Cr | 3.4 | |
| 2 | 40%+ | Flat | ₹4,375 Cr | 83.7 | |
| 3 | 40%+ | Flat | ₹3,259 Cr | 4.0 | |
| 4 | 40%+ | Flat | ₹145 Cr | 15.9 | |
| 5 | 20–40% | Up 2%+ | ₹1.81L Cr | 90.9 | |
| 6 | 20–40% | Up 2%+ | ₹48,366 Cr | 78.3 |
Sign up free to see every company in the sector ranking and track Aether Industries Ltd.
Pro shows every company guiding 40%+ revenue growth →Full Chemicals & Petrochemicals rankingFinancials of Aether Industries Ltd
Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.
Financials of Aether Industries Ltd
Quarterly Results
Quarter-by-quarter operating performance
| Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 184 | 161 | 164 | 155 | 118 | 180 | 199 | 220 | 240 | 256 | 280 | 319 | 305 |
| Expenses + | 124 | 116 | 118 | 124 | 107 | 137 | 145 | 155 | 161 | 175 | 192 | 207 | 222 |
| Operating Profit | 60 | 45 | 46 | 31 | 10 | 43 | 54 | 65 | 80 | 81 | 88 | 112 | 83 |
| OPM % | 32% | 28% | 28% | 20% | 9% | 24% | 27% | 29% | 33% | 32% | 31% | 35% | 27% |
| Other Income + | 1 | 2 | 14 | 5 | 4 | 9 | 8 | 11 | 2 | -0 | 6 | -4 | 10 |
| Interest | 1 | 1 | 2 | 2 | 4 | 3 | 2 | 3 | 5 | 5 | 3 | 4 | 6 |
| Depreciation | 7 | 9 | 10 | 10 | 10 | 10 | 11 | 11 | 13 | 14 | 17 | 17 | 18 |
| Profit before tax | 52 | 37 | 49 | 24 | 0 | 39 | 49 | 61 | 64 | 62 | 74 | 87 | 68 |
| Tax % | 28% | 19% | 25% | 27% | 486% | 24% | 28% | 29% | 21% | 24% | 27% | 26% | 21% |
| Net Profit + | 38 | 30 | 37 | 17 | -1 | 30 | 35 | 43 | 50 | 47 | 54 | 64 | 54 |
| EPS in Rs | 3.02 | 2.25 | 2.77 | 1.31 | -0.11 | 2.26 | 2.63 | 3.27 | 3.79 | 3.55 | 4.07 | 4.86 | 4.07 |
Financials of Aether Industries Ltd
Profit & Loss
Annual income statement trend
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|
| Sales + | 590 | 651 | 598 | 839 | 1,160 |
| Expenses + | 422 | 465 | 466 | 598 | 796 |
| Operating Profit | 168 | 186 | 132 | 241 | 364 |
| OPM % | 28% | 29% | 22% | 29% | 31% |
| Other Income + | 7 | 17 | 25 | 30 | 12 |
| Interest | 13 | 5 | 9 | 13 | 18 |
| Depreciation | 15 | 23 | 40 | 45 | 66 |
| Profit before tax | 146 | 174 | 110 | 213 | 291 |
| Tax % | 26% | 25% | 25% | 26% | 25% |
| Net Profit + | 109 | 130 | 82 | 158 | 219 |
| EPS in Rs | 9.67 | 10.47 | 6.22 | 11.95 | 16.54 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% |
Financials of Aether Industries Ltd
Balance Sheet
Capital structure and asset base
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|
| Equity Capital | 113 | 125 | 133 | 133 | 133 |
| Reserves | 274 | 1,120 | 1,931 | 2,093 | 2,196 |
| Borrowings + | 291 | 16 | 183 | 200 | 215 |
| Other Liabilities + | 92 | 120 | 154 | 218 | 306 |
| Total Liabilities | 770 | 1,380 | 2,401 | 2,644 | 2,849 |
| Fixed Assets + | 257 | 646 | 853 | 1,117 | 1,196 |
| CWIP | 58 | 37 | 232 | 363 | 556 |
| Investments | 17 | 1 | 0 | 0 | 0 |
| Other Assets + | 438 | 695 | 1,315 | 1,163 | 1,096 |
| Total Assets | 770 | 1,380 | 2,401 | 2,644 | 2,849 |
Financials of Aether Industries Ltd
Cash Flows
Operating, investing and financing cash movement
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|
| Cash from Operating Activity + | -5 | -7 | -16 | 100 | 142 |
| Cash from Investing Activity + | -151 | -348 | -424 | -418 | -619 |
| Cash from Financing Activity + | 169 | 439 | 894 | 2 | 244 |
| Net Cash Flow | 12 | 84 | 453 | -316 | -233 |
| Free Cash Flow | -157 | -363 | -444 | -352 | -390 |
| CFO/OP | 17% | 14% | 1% | 57% | 54% |
Financials of Aether Industries Ltd
Ratios
Working capital efficiency and return ratios
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|
| Debtor Days | 101 | 145 | 142 | 126 | |
| Inventory Days | 221 | 301 | 411 | 356 | |
| Days Payable | 95 | 99 | 124 | 114 | |
| Cash Conversion Cycle | 227 | 348 | 429 | 367 | |
| Working Capital Days | 82 | 268 | 279 | 238 | |
| ROCE % | 18% | 7% | 10% |
Guidance history
How Aether Industries Ltd's guidance has moved, call by call
| Call | Revenue | Margins | Capex | Fundraising | Order book |
|---|---|---|---|---|---|
| Q1 FY27 call → | 20–40% | Flat | Planned | — | Rising |
| Q4 FY26 call → | 20–40% | Flat | Planned | Planned | Rising |
| Q3 FY26 call → | 20–40% | Flat | Planned | — | — |
| Q2 FY26 call → | 20–40% | Flat | Planned | Planned | Rising |
What management guided on each call, newest first. Not investment advice, and not a forecast of returns.
Momentum score · price trend
85 out of 100 — Strengthening
Over the past year its share price has done better than most of the stocks we track.
| Period | Share price change | Better than … of 1,910 stocks |
|---|---|---|
| Last 12 months | +110.8% | 94% |
| Last 6 months | +34.9% | 83% |
| Last 3 months | +6.1% | 74% |
How we calculate it
“Better than 30%” means that over that period the share price did better than 30 out of every 100 stocks we track (1,910 Indian companies worth ₹500 Cr or more, with at least a year of prices).
The score weighs the longer periods more: 40% × 12-month + 40% × 6-month + 20% × 3-month. For Aether Industries Ltd: 0.4 × 94 + 0.4 × 83 + 0.2 × 74 = 85.
Strengthening is 70 and above, Steady 40 to 70, Cooling below 40. Scores are recalculated every night after the market closes.
Full methodology →This describes only how the share price has moved up to 29 Oct 2026, compared with other stocks. It says nothing about the business, and it is not a prediction, a price target or a recommendation to buy or sell.
Continue your research
What Aether Industries Ltd's management said in earlier quarters
Others in Chemicals & Petrochemicals this season
- POCL Enterprises Ltd (Q1 FY27)
466.03 crores (Page 12, 17, 11) . Key investor presentation takeaways from POCL Enterprises Ltd's Q1 FY27 investor presentation — and how it ranks against secto
- Deepak Nitrite Ltd (Q2 FY27)
Q2 FY27 total revenue: ₹3,091 crore, up 61% YoY (Page 1, 4, 5, 6, 10, 11) . Key investor presentation takeaways from Deepak Nitrite Ltd's Q2 FY27 investor prese
- Privi Speciality Chemicals Ltd (Q2 FY27)
19,239.47 lakhs (approximately 33.9% growth). Key results statement takeaways from Privi Speciality Chemicals Ltd's Q2 FY27 results statement — and how it ranks
- NOCIL Ltd (Q2 FY27)
427 crores . Key investor presentation takeaways from NOCIL Ltd's Q2 FY27 investor presentation — and how it ranks against sector peers.