₹1,475.3
▼ -23.84 -1.59%
17 Jul 2026
NSE Listed
Aether Industries Limited (AETHER)
Volume: 2,27,081Avg Vol 1W: 2,88,072Avg Vol 1M: 4,65,325.852W Range:₹726.45₹1,538.5
Key Ratios
Checked 14h agoMarket Cap₹19,896 Cr
Current Price₹1,475.3
Previous Close₹1,499.14
High / Low (52w)₹1,538.5 / ₹726.45
Volume2,27,081
Avg Vol (1W)2,88,072
Avg Vol (1M)4,65,325.8
Stock P/E368.35
Book Value₹185.06
Dividend Yield0%
ROE8.94%
ROA6.86%
Revenue (TTM)₹880 Cr
Revenue Growth40.2%
Profit Margin18.92%
Total Debt₹0 Cr
Shares Outstanding13 Cr
Face Value₹10
EPS (TTM)₹17.05
P/B8.1
Debt / Equity0.09
50 DMA₹1,243.93
200 DMA₹1,032.19
Day change-1.59%
Price Chart
₹1,475.3▲ 79.97% · 1Y
2025-07-172026-07-16
20-day avg volume: 4.7L shares
Pros
- Company is almost debt-free.
Cons
- Revenue fell 33% YoY.
- Stock trades at a high P/E of 368.
Quarterly Results
| Metric | Jun 2024 | Sept 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sept 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | ₹180 Cr | ₹199 Cr | ₹220 Cr | ₹240 Cr | ₹256 Cr | ₹280 Cr | ₹319 Cr | ₹305 Cr |
| EBITDA | ₹45 Cr | ₹54 Cr | ₹67 Cr | ₹72 Cr | ₹69 Cr | ₹80 Cr | ₹93 Cr | ₹75 Cr |
| Net Profit | ₹30 Cr | ₹35 Cr | ₹43 Cr | ₹50 Cr | ₹47 Cr | ₹54 Cr | ₹64 Cr | ₹54 Cr |
| EPS | — | — | — | — | — | — | — | — |
Profit & Loss (Annual)
| Metric | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|
| Revenue | ₹304 Cr | ₹454 Cr | ₹597 Cr | ₹668 Cr | ₹637 Cr | ₹880 Cr |
| EBITDA | ₹66 Cr | ₹105 Cr | ₹160 Cr | ₹180 Cr | ₹132 Cr | ₹238 Cr |
| Net Profit | ₹40 Cr | ₹71 Cr | ₹109 Cr | ₹130 Cr | ₹82 Cr | ₹158 Cr |
| EPS | 4.24 | 7.36 | 9.67 | 10.47 | 6.31 | 11.94 |
Balance Sheet
| Metric | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|
| Total Assets | ₹300 Cr | ₹453 Cr | ₹770 Cr | ₹1,380 Cr | ₹2,401 Cr | ₹2,644 Cr |
| Total Liabilities | ₹222 Cr | ₹279 Cr | ₹383 Cr | ₹135 Cr | ₹337 Cr | ₹418 Cr |
| Equity | ₹78 Cr | ₹174 Cr | ₹387 Cr | ₹1,245 Cr | ₹2,063 Cr | ₹2,226 Cr |
| Total Debt | ₹70 Cr | ₹104 Cr | — | — | — | — |
Cash Flow
| Metric | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|
| Operating | ₹43 Cr | ₹28 Cr | ₹25 Cr | ₹1 Cr | ₹138 Cr |
| Investing | ₹-77 Cr | ₹-151 Cr | ₹-348 Cr | ₹-424 Cr | ₹-418 Cr |
| Financing | ₹55 Cr | ₹169 Cr | ₹439 Cr | ₹894 Cr | ₹2 Cr |
| Free Cash Flow | ₹43 Cr | ₹28 Cr | ₹25 Cr | ₹1 Cr | ₹138 Cr |
Shareholding
Promoter 74.93% Institutions 17.91% Public 7.16%
Efficiency & Working Capital
ROCE10.6%
Interest Coverage17.5
Dividend Payout—
Debtor Days126 d
Inventory Days173 d
Payable Days56 d
Cash Conversion Cycle243 d
Working Capital Days298 d
Shareholding Details
As of 2026-06-30
Promoter74.9%
FII7.4%
DII10.5%
Institutions17.9%
Public7.2%
Promoter Pledge0%
No. of Shareholders65,336
Shareholding Pattern
Quarterly — figures in %. Latest 12 quarters.
| Period | Sept 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sept 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sept 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Promoters | 81.8% | 81.8% | 81.8% | 81.8% | 81.8% | 81.8% | 81.8% | 75% | 75% | 75% | 74.9% | 74.9% |
| FIIs | 2.4% | 2% | 2.2% | 2.9% | 3.2% | 3.3% | 3.3% | 5% | 4.6% | 5.8% | 6.3% | 7.4% |
| DIIs | 12.2% | 11.8% | 11.8% | 11.6% | 11.6% | 11.5% | 11.4% | 13.4% | 13% | 12.2% | 12.7% | 10.5% |
| Public | 3.5% | 4.4% | 4.2% | 3.7% | 3.4% | 3.4% | 3.5% | 6.6% | 7.4% | 7% | 6.1% | 7.2% |
| Promoter Pledge | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| No. of Shareholders | 60,466 | 84,000 | 78,655 | 71,683 | 67,251 | 66,677 | 64,034 | 72,628 | 73,806 | 67,806 | 65,562 | 65,336 |
Returns History (ROE / ROCE / ROA)
| Period | ROE | ROCE | ROA | P/E |
|---|---|---|---|---|
| 202503 | — | — | — | — |
Major Shareholders (>1%)
| Name | Category | Stake | Shares |
|---|---|---|---|
| Purnima Ashwin Desai | Shareholding of Promoter and Promoter Group | 17.4% | 2.31 Cr |
| Rad Family Trust (trustees: Ashwin Jayantilal Desai And Purnima Ashwin Desai) | Shareholding of Promoter and Promoter Group | 15.1% | 2.00 Cr |
| Aad Business Trust (trustees: Ashwin Jayantilal Desai And Purnima Ashwin Desai) | Shareholding of Promoter and Promoter Group | 15.1% | 2.00 Cr |
| Ajd Family Trust (trustees: Ashwin Jayantilal Desai And Purnima Ashwin Desai) | Shareholding of Promoter and Promoter Group | 10.2% | 1.36 Cr |
| Pad Family Trust (trustees: Purnima Ashwin Desai And Ashwin Jayantilal Desai) | Shareholding of Promoter and Promoter Group | 10.2% | 1.36 Cr |
| Sbi Multicap Fund | Public Shareholding | 5.3% | 70,07,000 |
| Ashwin Jayantilal Desai | Shareholding of Promoter and Promoter Group | 5.1% | 67,20,417 |
| Rohan Ashwin Desai | Shareholding of Promoter and Promoter Group | 1.7% | 22,21,681 |
| Amansa Holdings Private Limited | Public Shareholding | 1.6% | 21,73,169 |
| Invesco India Manufacturing Fund | Public Shareholding | 1.1% | 14,83,428 |
| Aman Ashwinbhai Desai | Shareholding of Promoter and Promoter Group | 0.1% | 1,10,000 |
| Ruchira Surendra Manjrekar | Shareholding of Promoter and Promoter Group | 0% | 43,810 |
| Surendra Keshav Manjrekar | Shareholding of Promoter and Promoter Group | 0% | 43,810 |
| Sourabh Manjrekar | Shareholding of Promoter and Promoter Group | 0% | 29,210 |
| Pooja Prayank Agarwal | Shareholding of Promoter and Promoter Group | 0% | 23,370 |
| Kamalvijay Ramchandra Tulsian | Shareholding of Promoter and Promoter Group | 0% | 11,690 |
| Jayshree Dilip Shah | Shareholding of Promoter and Promoter Group | 0% | 275 |
| Kamalvijay Ramchandra Huf | Shareholding of Promoter and Promoter Group | 0% | 32 |
| Pramilaben Kamalvijay Tulsian | Shareholding of Promoter and Promoter Group | 0% | 32 |
| Anjali Ashok Choksi | Shareholding of Promoter and Promoter Group | 0% | 0 |
| Chandrika Anil Dalal | Shareholding of Promoter and Promoter Group | 0% | 0 |
| Damyanti Harshad Shah | Shareholding of Promoter and Promoter Group | 0% | 0 |
| Kaira Rohan Desai | Shareholding of Promoter and Promoter Group | 0% | 0 |
| Ishita Surendra Manjrekar | Shareholding of Promoter and Promoter Group | 0% | 0 |
| Gita Robin Faust | Shareholding of Promoter and Promoter Group | 0% | 0 |
Promoter Pledges
| Holder | Pledged Shares | % of Holding | As of |
|---|---|---|---|
| Purnima Ashwin Desai | 0 | 0% | 2026-06-30 |
| Ashwin Jayantilal Desai | 0 | 0% | 2026-06-30 |
| Rohan Ashwin Desai | 0 | 0% | 2026-06-30 |
| Ruchira Surendra Manjrekar | 0 | 0% | 2026-06-30 |
| Surendra Keshav Manjrekar | 0 | 0% | 2026-06-30 |
| Sourabh Manjrekar | 0 | 0% | 2026-06-30 |
| Pooja Prayank Agarwal | 0 | 0% | 2026-06-30 |
| Kamalvijay Ramchandra Tulsian | 0 | 0% | 2026-06-30 |
| Jayshree Dilip Shah | 0 | 0% | 2026-06-30 |
| Kamalvijay Ramchandra Huf | 0 | 0% | 2026-06-30 |
| Pramilaben Kamalvijay Tulsian | 0 | 0% | 2026-06-30 |
| Anjali Ashok Choksi | 0 | 0% | 2026-06-30 |
Board of Directors
| Name | Designation | Year |
|---|---|---|
| KAMALVIJAY RAMCHANDRA TULSIAN | Chairman(Non Exe)&Dir(Non-Ind) | 2025 |
| Ashwin Jayantilal Desai | ED / MD / Promoter | 2025 |
| Purnima Ashwin Desai | ED / WTD / Promoter | 2025 |
| Rohan Ashwin Desai | ED / WTD / Promoter | 2025 |
| Aman Ashvin Desai | ED / WTD / Promoter | 2025 |
| Ishita Surendra Manjrekar | Non-Exec & Non-Independent Dir | 2025 |
| Arun Kanodiya | Independent Non Exe. Director | 2025 |
| Jeevan Lal Nagori | Independent Non Exe. Director | 2025 |
| Leja Hattiangadi | Independent Non Exe. Director | 2025 |
| Amol Arvindrao Kulkarni | Independent Non Exe. Director | 2025 |
| Rajkumar Mangilal Borana | Independent Non Exe. Director | 2025 |
| JITENDRA POPATLAL VAKHARIA | Independent Non Exe. Director | 2025 |
| Chitrarth Rajan Parghi | Company Sec. & Compli. Officer | 2025 |
Segments — Product
| Segment | Revenue | Share |
|---|---|---|
| Business of Manufacturing of Organi | ₹0 Cr | — |
Segments — Geography
| Region | Revenue | Share |
|---|---|---|
| India | ₹471 Cr | 59.7% |
| Rest of the World | ₹317 Cr | 40.3% |
Capital Structure (₹ Cr)
| Year | Face Value | Authorised | Issued | Paid-up |
|---|---|---|---|---|
| 2025 | ₹10 | 140 | 133 | 133 |
Related-Party Transactions (₹ Cr)
| Year | Subsidiaries | Associates | JV | KMP | Others | Total |
|---|---|---|---|---|---|---|
| 2025 | 0 | 0 | 0 | 10 | 175 | 185 |
| 2025 | 0 | 0 | 0 | 0 | 163 | 163 |
| 2025 | 0 | 0 | 0 | 10 | 12 | 22 |
Insider / Designated-Person Trades
17 recent disclosure(s)
James William RingerAcquisition · 3,115
Chitrarth Rajan ParghiAcquisition · 175
Faiz Arif NagariyaAcquisition · 1,080
Chitrarth Rajan ParghiAcquisition · 146
Faiz Arif NagariyaAcquisition · 1,168
Faiz Arif NagariyaAcquisition · 545
Substantial Acquisitions (SAST)
2 disclosure(s)
Market18/05/2026 · 4,10,370
Offer For Sale13/05/2025 - 14/05/2025 · 89,79,173
Company Information
Incorporated2013
ChairmanKAMALVIJAY RAMCHANDRA TULSIAN
AuditorBirju S Shah & Associates
Investor Email[email protected]
📍 Plot No 8203 GIDC, Sachin, Surat, Gujarat, 394230
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