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INVESTMENT INSIGHTS

Check Before You Invest : Aether Industries Ltd

BSE: 543534 NSE: AETHER ISIN: INE0BWX01014
  |   Sector:  Chemicals & Fertilizers   |   Industry:  Chemicals

Snapshot

Q.1 Which industry/sub-sector does Aether Industries Ltd belong to?
Aether Industries Ltd belongs to the Chemicals & Fertilizers sector, operating specifically within the Chemicals segment.
Q.2 Is Aether Industries Ltd a good quality company?
Aether Industries Ltd is a average quality company, based on a somewhat consistent multi-year financial track record.

This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.

Q.3 Is Aether Industries Ltd undervalued or overvalued?
Aether Industries Ltd appears Somewhat overvalued, as its key valuation ratios are higher than their past averages.

Based on the industry it operates in, the relevant valuation ratios include one of the following, P/E, P/BV, P/Sales, EV/EBITDA or a combination of two or more.

Valuation Ratios Current 5-year
Historic Median
Price to Earnings 90.18 91.91
Price to Book 6.81 5.63
Price to Sales 17.68 17.30
EV to EBITDA 50.85 53.81
Q.4 Is Aether Industries Ltd a good buy now?
Aether Industries Ltd is a good buy now, based on strong price trend analysis suggesting prices may rise. However, you need to check its quality and valuation before making a decision

Performance Analysis

We have analysed the performance of the company on the following:

  • How has it performed on generating Profits?

    By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.

  • How efficiently has it utilized Capital?

    By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.

  • How is it managing its Debt?

    By checking its Debt to Equity and Cash Flow from Operations.

A: What are the trends in revenue and profit margins?

Q.1 Revenue growth of Aether Industries Ltd?
Aether Industries Ltd revenue growth is 32.4% for FY-2025, which is above its 5-year CAGR of 21.18%, indicating faster growth.

Q.2 Gross Profit margin of Aether Industries Ltd?
Aether Industries Ltd Gross profit margin which is the profit after deduction of direct costs, is 32.9% for FY-2025, which is above its 5-year median of 28%, indicating increasing margins.

Q.3 Operating Profit Margin of Aether Industries Ltd?
Aether Industries Ltd Operating Profit Margin which is the profit after deduction of all operating costs, is 28.59% for FY-2025, which is in line with its 5-year median of 28.49% indicating stable margins.

Q.4 Net Profit Margin of Aether Industries Ltd?
Aether Industries Ltd Net Profit Margin is 19.29% for FY-2025, is in line with its 5-year median of 18.46%, indicating stable margins.
Current Level 5-year
Historic Median
Gross Profit Margin (%) 32.9 28
Operating Profit Margin (%) 28.59 28.49
Net Profit Margin (%) 19.29 18.46

B: Does the business utilize capital efficiently?

Q.5 Return on Asset of Aether Industries Ltd?
Aether Industries Ltd Return on Asset is 6.19%, which is below its 5-year historical median of 12.13%, indicating deteriorated asset utilization efficiency.

Q.6 Return on capital employed (ROCE) of Aether Industries Ltd?
Aether Industries Ltd Return on capital employed is 9.47% for FY-2025, which is below its 5-year historical median of 18.74%. The current ROCE is below its estimated weighted average cost of capital (WACC) of 13.5%, indicating value preservation.

Q.7 Return on Equity (ROE) of Aether Industries Ltd?
Aether Industries Ltd Return on equity is 7.1% for FY-2025, which is below its 5-year historical median of 16.01%, indicating the business is making worse use of its shareholders capital.

Q.8 Cash conversion cycle of Aether Industries Ltd?
Aether Industries Ltd Cash conversion cycle is 219 days, above its 5-year historical median of 175 days, indicating deteriorated working capital management. However, you need to compare this with its peers in the industry.
Current Level 5-year
Historic Median
Asset Turnover (x) 0.32 0.61
ROE (%) 7.1 16.01
ROCE (%) 9.47 18.74
Cash Conversion Cycle 219 days 175 days

C: How much debt does the business have and is it at a sustainable level?

Q.9 Debt to Equity ratio of Aether Industries Ltd?
Aether Industries Ltd Debt-to-Equity ratio is 0.05, which is lower the industry average of 0.13, indicating lower debt levels in the industry.

Q.10 Debt to cash flow from operations of Aether Industries Ltd?
Aether Industries Ltd Debt to cash flow from operations is 1.02, which is at a healthy level.

Ownership & governance

D: Promoter shareholding and pledge status of Aether Industries Ltd?

Q.1 Promoter shareholding and pledge status of Aether Industries Ltd?
Promoters hold 74.95% of the Aether Industries Ltd, with 0.00% of their stake pledged, indicating no pledge risk.

Peer comparison (industry-wise, mcap)

E: How does Aether Industries Ltd performance compare with that of its Peers?

Q.1 Revenue growth of Aether Industries Ltd vs industry peers?
Aether Industries Ltd revenue CAGR is 21.18%, compared to the industry median CAGR of 7.53%, indicating faster growth and gaining its market share.
Profit Metrics
Current Level 5-year
Industry Median
Revenue Growth (%) 32.4 7.5
Gross Profit Growth (%) 55.7 12.1
Operating Profit Growth (%) 71.8 11.7
Net Profit Growth (%) 72.7 9.7
Operating Efficiency
Current Level 5-year
Industry Median
Asset Turnover (x) 0.32 0.93
ROE (%) 7.1 10.17
ROCE (%) 9.47 12.96
Cash Conversion Cycle (days) 219.34 62

Valuation & price assessment

Q.1 Stock return of Aether Industries Ltd over the last decade?
Over the last 3 year(s), the stock has delivered a CAGR of 9.33% based on the current price.
9Y 5Y 3Y 1Y
Share Price
CAGR		 - - 9.3% 53.5%
Q.2 Valuation ratios of Aether Industries Ltd vs historical?
The current P/E ratio of 90.18 is in line with than its historical median of 91.91, indicating that the stock is trading near its historical average valuation.
Q.3 How do the current valuation ratios compare with 5-year historical median and industry numbers?
Valuation Ratios Current 5-year
Historic Median		 5-year
Industry Median
Price to Earnings 90.18 91.91 28.17
Price to Book 6.81 5.63 2.22
Price to Sales 17.68 17.30 1.93
EV to EBITDA 50.85 53.81 14.20

Check more companies

1. Godrej Industries
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3. Deepak Nitrite
4. Atul
5. Tata Chemicals
6. Aarti Inds
7. BASF India
8. Deepak Fert & Petro
9. Aether Industries
10. Anupam Rasayan India

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