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Aether Industries Ltd
NSE:AETHER

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Aether Industries Ltd
NSE:AETHER
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Price: 1 191.55 INR 2.85% Market Closed
Market Cap: ₹158.1B

Aether Industries Ltd
Investor Relations

In the bustling landscape of India's chemical industry, Aether Industries Ltd. charts a path defined by innovation and precision. Founded on the vision of seamlessly marrying chemistry with technology, Aether has carved out a niche as a specialty chemicals manufacturer. The company focuses on high-value chemistries that cater to sectors like pharmaceuticals, agrochemicals, and material sciences. Leveraging a robust research and development framework, Aether crafts complex, multi-step synthesis processes that elevate their products above commodity chemicals. This innovation-focused approach allows them to serve global giants across diverse industries, fostering partnerships that bolster their reputation for quality and reliability.

What truly sets Aether Industries apart is its adeptness at generating significant value from its intellectual capital. Rather than merely churning out chemicals, Aether emphasizes offering bespoke solutions tailored to their clients' unique requirements. By investing heavily in their R&D capabilities, they continually push the boundaries of what's possible with chemical compounds. Their financial engine is fueled by a strategic blend of direct sales of specialty chemicals, licensing of proprietary technologies, and long-term supply agreements. This trifecta ensures a steady and resilient revenue stream, while their commitment to operational excellence and sustainability further strengthens their market position, making them a pivotal player in the specialty chemicals domain.

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Last Earnings Call
Fiscal Period
Q3 2026
Call Date
Feb 3, 2026
AI Summary
Q3 2026

Strong Growth: Revenue rose 44% year-on-year in Q3 FY'26, with EBITDA up 75% and PAT up 49%, reflecting robust business momentum.

Business Mix Shift: Non-pharma and non-agro segments, especially oil & gas and material science, are gaining share and expected to grow further by year-end.

Expansion Progress: Construction and trial runs at new production sites (Site 3++ and Site 5) are complete; commercial production to start soon, adding capacity.

Margin Performance: Q3 EBITDA margin improved to 34% versus 28% last year, but management guides for a more conservative 29–30% going forward.

New Clients & Products: Five new marquee clients added this quarter; new product launches in large-scale manufacturing and expansion in CRAMS and CEM businesses.

R&D Investment: Significant ongoing and planned expansions in R&D capacity, targeting non-pharma/non-agro sectors with advanced labs and equipment.

Working Capital: Working capital days increased to 160 due to inventory build-up for new sites, but expected to normalize as production ramps up.

Strategic Contracts: Long-term, transparent contracts in place with international clients, especially in Europe, amid global chemical manufacturing shifts.

Key Financials
Revenue
INR 3,171 million
Revenue (9 months)
INR 8,534 million
EBITDA
INR 1,083 million
EBITDA (9 months)
INR 2,716 million
EBITDA Margin
34%
PAT (Profit After Tax)
INR 645 million
PAT Margin
20%
PAT (9 months)
INR 1,655 million
PAT Margin (9 months)
19%
Export Revenue Share
36%
Domestic Revenue Share
64%
Sales from Site 4
INR 60 crores
Working Capital Cycle
160 days
Capacity Utilization Site 2
76%
Capacity Utilization Site 3
70%
Capacity Utilization Site 4
49%
Converge Polyol Capacity
500 tonnes
Site 3++ CapEx
INR 260 crores
Total CapEx (9 months)
INR 500 crores
Expected Full Year CapEx
INR 450 crores to INR 500 crores
Site 3++ Expected Utilization Next Year
45% to 50%
Site 5 Expected Utilization Next Year
35% to 40%
Large-scale Manufacturing Volume Growth
over 10% quarter-on-quarter; over 25% year-on-year
EBITDA Margin (CRAMS)
60% to 65%
EBITDA Margin (CEM)
27% to 30%
EBITDA Margin (LSM)
21% to 23%
Other Earnings Calls

Management

Mr. Ashwin Jayantilal Desai
MD & Director
No Bio Available
Dr. Aman Ashwinbhai Desai
Whole-time Director
No Bio Available
Dr. James W. Ringer
Chief Technology Officer
No Bio Available

Contacts

Address
GUJARAT
Surat
Plot No.8203, Road No. 82, GIDC Industrial Estate,Sachin
Contacts
+912616603360
aether.co.in
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