Aether Industries share price
NSE: AETHERBSE: 543534Chemicals & PetrochemicalsSmall Cap
Share price at the NSE close on 27 Oct 2026. Previous close ₹1,471.50.
27 Oct: open ₹1,493.00, high ₹1,543.00, low ₹1,460.00
- Next results date: the board meets on 30 Oct 2026 to consider: financial results and other business matters. The notice · Results calendar
- Market capMarket capitalisation. Share price times the number of shares: what the whole company is worth at the day's price. The rank is by average market value over the six months to Jun 2026, among listed companies. Market capitalisation: how it is worked out
- ₹20,406 Cr443rd largest listed
- P/EPrice to earnings, trailing. Market cap divided by the profit of the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, after the share of the other owners of its subsidiaries: what investors pay for each rupee of a year's profit. Price to earnings, trailing: how it is worked out
- Earlier quarters restated in the year
- P/BPrice to book. Market cap divided by the net worth that belongs to the company's own shareholders, its assets less everything it owes and less the other owners' share of its subsidiaries, on its latest balance sheet. Price to book: how it is worked out
- 8.31
- Dividend yieldDividend yield. Dividends paid per share in the twelve months to the day, as a percentage of the day's share price.
- Nonein the last 12 months
- ROCEReturn on capital employed. Operating profit after depreciation (revenue less operating expenses and depreciation, without other income and one-off items) as a percentage of all the money the business runs on: the whole group's net worth, the other owners of its subsidiaries included, plus borrowings. Lease liabilities are not counted: the results filings do not state them. The profit is over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly); net worth and borrowings are on the latest balance sheet.
- 10.7%
- Debt to equityDebt to equity. Borrowings divided by the whole group's net worth, the other owners of its subsidiaries included: rupees borrowed for each rupee of equity in the business. Lease liabilities are not counted: the results filings do not state them. From the balance sheet at the end of Mar 2026.
- 0.18
- Volume, NSEVolume. Shares traded on the last trading day; delivery is the part buyers kept rather than sold again the same day. Volume in the glossary
- 2,95,24331.0% delivered
About Aether Industries
Aether Industries Limited designs and manufactures advanced intermediates and specialty chemicals for pharmaceuticals, agrochemicals, material sciences, coatings, high-performance photography, additives, and oil and gas. It is headquartered in Surat, Gujarat. It was incorporated in 2013.
Its business runs on three models: Contract Research and Manufacturing Services (CRAMS), Contract and Exclusive Manufacturing (CEM), and Large-Scale Manufacturing (LSM). Each chemistry and technology it uses is developed by its own research team, scaled up in its pilot plant and then taken to full-scale production. The company has over 300 research and development professionals, organised into 11 specialised research groups.
Its registered office and factory are at GIDC Sachin, Surat. Site 4, which is dedicated to Baker Hughes, is operated through Aether Speciality Chemicals Limited, a wholly owned subsidiary. Site 3++ began commercial operations on 22 February 2026. In June 2025 the company signed a 10-year exclusive agreement with Milliken, making it the sole contract manufacturing partner for a key product of that customer. The company is also developing Site 5 at GIDC Panoli, Gujarat. It serves customers across North America, Europe and Asia-Pacific, as well as in India.
The company listed on the stock exchanges through an initial public offering in 2022. Ashwin Desai is its Managing Director and a founder, and Aman Desai and Rohan Desai are co-founders and directors on its board.
Written from the annual report for the year to Mar 2026, filed 19 Aug 2026 and the investor presentation.
Sources for 23 statements, each with its page
- Designs and manufactures advanced intermediates and specialty chemicals for pharmaceuticals, agrochemicals, material sciences, coatings, photography, additives, oil and gas. Annual report, page 6
- Sectors served include pharmaceuticals, agrochemicals, material sciences, coatings, high-performance photography, additives, oil and gas. Annual report, page 6
- Headquartered in Surat, Gujarat. Annual report, page 6
- Incorporated in 2013 (CIN year). Annual report, page 1
- Three business models: CRAMS, CEM and LSM. Annual report, page 6
- Chemistry and technology conceived and developed by own research team. Annual report, page 6
- Scaled up in pilot plant and taken to full-scale production. Annual report, page 6
- Over 300 R&D professionals. Annual report, page 5
- R&D organised into 11 specialised research groups. Annual report, page 10
- Registered office and factory at GIDC Sachin, Surat. Annual report, page 1
- Site 4 is dedicated to Baker Hughes. Annual report, page 17
- Site 4 is Aether Specialty Chemicals Limited. Annual report, page 35
- Aether Speciality Chemicals Limited is a 100% subsidiary. Annual report, page 72
- Site 3++ began commercial operations on 22 February 2026. Annual report, page 36
- Agreement with Milliken executed in June 2025. Annual report, page 10
- 10-year exclusive agreement making Aether sole contract manufacturing partner. Annual report, page 10
- Developing Site 5 at Panoli. Annual report, page 5
- Site 5 is at GIDC Panoli. Annual report, page 36
- Serves customers across North America, Europe and Asia-Pacific and India. Annual report, page 36
- IPO in 2022. Annual report, page 6
- Ashwin Desai is Managing Director and a founder. Annual report, page 5
- Aman Desai is co-founder and director. Annual report, page 11
- Rohan Desai is co-founder and director. Annual report, page 18
Results
Standalone, as consolidated accounts are on record for only 4 of the last ten years; ₹ crore.Aether Industries quarterly results
- Revenue growth, 12 monthsRevenue growth, 12 months. The last twelve months against the twelve before them. Left empty where the earlier figure was nought or a loss: growth out of a loss has no percentage.
- +33.8%
- Net profit growth, 12 monthsNet profit growth, 12 months. The last twelve months against the twelve before them. Left empty where the earlier figure was nought or a loss: growth out of a loss has no percentage.
- –
Quarter to Jun 2026, against the quarter before
- RevenueRevenue. The pill is the change in revenue against the quarter before: this period's figure divided by that one's, less one, in per cent.
- ₹257 Crup 8.09%
- Net profitNet profit. The pill is the change in net profit against the quarter before: this period's figure divided by that one's, less one, in per cent. Net profit in the glossary
- ₹48 Crup 27.36%
- Net marginNet margin. Net profit as a percentage of revenue: how much of each rupee of sales is left after every cost, interest and tax. Net margin in the glossary
- 18.8%
Revenue by quarter
Net profit by quarter, a loss in red
| ₹ crore | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 196 | 197 | 215 | 214 | 225 | 257 | 237 | 257 |
| Net profit | 38 | 41 | 43 | 40 | 44 | 52 | 38 | 48 |
| Net margin | 19.4% | 20.7% | 20.0% | 18.7% | 19.4% | 20.2% | 16.0% | 18.8% |
Year to Mar 2026, against the year before
- RevenueRevenue. The pill is the change in revenue against the year before: this period's figure divided by that one's, less one, in per cent.
- ₹940 Crup 19.23%
- Net profitNet profit. The pill is the change in net profit against the year before: this period's figure divided by that one's, less one, in per cent.
- ₹174 Crup 14.15%
- Net margin
- 18.5%
Revenue by year
Net profit by year, a loss in red
| ₹ crore | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Revenue | 590 | 651 | 596 | 789 | 940 |
| Net profit | 109 | 130 | 88 | 152 | 174 |
| Net margin | 18.5% | 20.0% | 14.8% | 19.3% | 18.5% |
Business segments
In the year to Mar 2026 the company reports one business segment, Manufacturing of speciality chemicals, which carries all its revenue.
Valuation
Today, against the company's own history. Not shown, P/E: a results filing in the last twelve months restated the quarters before it inside its year to date, so the four quarters as the company reported them do not add to a twelve-month profit; the ratio returns once the trailing year no longer holds a quarter from before the restatement. Dividend yield is not shown: no dividend in the years on record.Aether Industries PE ratio and valuation
At or below today's level on 78% of 886 trading days since Nov 2022.
Where the return came from
Yearly rates to Mar 2026, per-share figures restated for splits and bonuses.
| Over | Return a year | Earnings growth | Change in P/E | Dividend yield |
|---|---|---|---|---|
| 1 year | +31.7% | +14.1% | +15.4% | 0.0% |
| 3 years | +5.3% | +7.7% | −2.2% | 0.0% |
Mutual fund holdings
77 funds disclosed a holding for Sep 2026. What they did in Sep 2026, against each fund's month before. 8 of the 15 funds that added or cut are index funds, ETFs or arbitrage funds: an index fund or ETF holds what its index holds, and an arbitrage fund holds the share against a sale of its future.All 77 funds holding Aether Industries
- Bought for the first timeBought for the first time. Funds that held it at the month's end and had not held it in any month on record before.
- 17
- Bought againBought again. Funds that held it at the month's end, had not held it the month before, and held it in an earlier month.
- 16
- AddedAdded. Funds that held more shares than at the end of the month before.
- 6
- CutCut. Funds that held fewer shares than at the end of the month before.
- 9
- Held unchangedHeld unchanged. Funds that held the same number of shares as at the end of the month before.
- 29
- Sold outSold out. Funds that held it at the end of the month before and hold none at this month's end. Sold out in the glossary
- 2
| Fund | |||
|---|---|---|---|
 SBI Multicap FundSBI Mutual Fund | 36,00,000 | 2.61% | ₹611.7 Cr |
 Invesco India Small Cap FundInvesco Mutual Fund | 14,34,401 | 1.51% | ₹243.7 Cr |
| SBI MNC FundSBI Mutual Fund | 12,00,000 | 3.20% | ₹203.9 Cr |
 Abakkus Flexi Cap FundAbakkus Mutual Fund | 11,85,000 | 2.57% | ₹201.4 Cr |
| SBI Healthcare Opportunities FundSBI Mutual Fund | 7,50,000 | 2.17% | ₹127.4 Cr |
 Edelweiss Small Cap FundEdelweiss Mutual Fund | 5,52,898 | 1.34% | ₹94.0 Cr |
| Abakkus Small Cap FundAbakkus Mutual Fund | 3,90,000 | 2.04% | ₹66.3 Cr |
 Axis Business Cycles FundAxis Mutual Fund | 3,10,206 | 2.59% | ₹52.7 Cr |
 HDFC Business Cycle FundHDFC Mutual Fund | 3,02,688 | 1.94% | ₹51.4 Cr |
| Edelweiss Large & Mid Cap FundEdelweiss Mutual Fund | 2,51,119 | 0.92% | ₹42.7 Cr |
Promoter and insider buying and selling
Trades made since 28 Oct 2025.Aether Industries insider trading
No promoter, director, key manager or employee bought or sold on the market.
- Directors and key managers: no market trade · 5 off-market moves
- Others: no market trade
Aether Industries competitors and peers
Specialty Chemicals, 130 listed companies, priced on 27 Oct 2026. The table lists the 8 companies closest to Aether Industries in market cap.Chemical companies
Aether Industries is not on the chart: it has no P/E or return on equity today
| Company | ||||||||
|---|---|---|---|---|---|---|---|---|
 Pidilite IndustriesPIDILITIND | 1,47,688 | 55.75 | 13.63 | +14.1% | +21.4% | 25.7% | 30.3% | 0.79% |
 SRFSRF | 69,215 | 30.32 | 4.52 | +19.7% | +41.1% | 16.0% | 15.1% | 0.43% |
 Gujarat FluorochemicalsFLUOROCHEM | 46,529 | 75.66 | 5.92 | +9.5% | −1.1% | 8.1% | 9.8% | 0.07% |
 Navin Fluorine InternationalNAVINFLUOR | 42,350 | 53.63 | 10.66 | +42.4% | +122.7% | 23.9% | 20.7% | 0.18% |
 Deepak NitriteDEEPAKNTR | 19,525 | 24.93 | 3.35 | +7.1% | +29.2% | 14.0% | 14.8% | 0.52% |
 AtulATUL | 15,938 | 20.65 | 2.42 | +18.1% | +42.4% | 12.4% | 12.5% | 0.55% |
 Aarti IndustriesAARTIIND | 15,805 | 29.75 | 2.65 | +27.1% | +123.7% | 9.2% | 7.9% | 0.23% |
 Fine Organic IndustriesFINEORG | 15,660 | 35.74 | 5.88 | +7.3% | +5.7% | 17.7% | 17.6% | 0.22% |
Latest announcements
Routine notices left out.Aether Industries announcements
Oct 2026
Sep 2026
29 Sep · General Updates
24 Sep · Rating
Aether Industries share price by year
Each calendar year to 2025.Aether Industries share price history
| Year | Close at year end | Change | Highest close | Lowest close |
|---|---|---|---|---|
| 2025 | 860.10 | −3.0% | 932.95 | 730.80 |
| 2024 | 886.95 | 0.0% | 1,059.35 | 780.10 |
| 2023 | 887.30 | +5.7% | 1,165.95 | 779.75 |
| 2022 | 839.15 | – | 1,021.10 | 750.40 |
Recent sessions
The 9 trading days to 26 Oct 2026, as traded on NSE; the latest is at the top of the page.
| Date | Open | High | Low | Close | Average price | Volume | Delivery |
|---|---|---|---|---|---|---|---|
| 26 Oct 2026 | 1,406.90 | 1,494.70 | 1,376.00 | 1,471.50 | 1,449.83 | 5,23,498 | 41.6% |
| 23 Oct 2026 | 1,450.40 | 1,454.60 | 1,400.50 | 1,412.70 | 1,416.31 | 2,32,518 | 53.4% |
| 22 Oct 2026 | 1,458.00 | 1,481.60 | 1,436.10 | 1,449.90 | 1,457.58 | 3,44,109 | 49.2% |
| 21 Oct 2026 | 1,520.80 | 1,520.80 | 1,446.90 | 1,462.50 | 1,469.12 | 5,66,754 | 59.0% |
| 19 Oct 2026 | 1,515.00 | 1,542.20 | 1,492.30 | 1,521.40 | 1,518.75 | 3,49,750 | 47.4% |
| 16 Oct 2026 | 1,597.00 | 1,606.00 | 1,521.20 | 1,538.60 | 1,550.71 | 4,99,414 | 47.2% |
| 15 Oct 2026 | 1,682.60 | 1,692.80 | 1,575.20 | 1,595.60 | 1,615.66 | 5,10,739 | 50.3% |
| 14 Oct 2026 | 1,709.90 | 1,734.60 | 1,659.10 | 1,682.60 | 1,677.08 | 3,16,253 | 43.2% |
| 13 Oct 2026 | 1,788.00 | 1,798.00 | 1,710.00 | 1,715.70 | 1,725.86 | 2,00,670 | 47.9% |
Company details
- NSE symbol
- AETHER
- BSE code
- 543534
- ISIN
- INE0BWX01014
- Industry
- Chemicals & Petrochemicals
- Website
- www.aether.co.in
- CIN
- L24100GJ2013PLC073434
- Corporate identity number, the registrar of companies' code for it
- Incorporated
- 2013
- Registered office
- Plot No. 8203, GIDC, Sachin, Surat 394230, Gujarat
- Share registrar
- MUFG Intime India Pvt. Ltd
- Keeps the register of shareholders and handles transfers and dividend payments