Aether Industries logo

Aether Industries share price

NSE: AETHERBSE: 543534Chemicals & PetrochemicalsSmall Cap

Last close ₹1,412.70down ₹37.20 (2.57%)BSE ₹1,413.95

Share price at the NSE close on 23 Oct 2026. Previous close ₹1,449.90.

52-week range of traded prices to 23 Oct 2026
₹728.00Low, 11 Nov 2025₹1,814.10High, 6 Oct 2026
Market cap
₹18,750 Cr443rd largest listed
P/E
Earlier quarters restated in the year
P/B
7.6
Dividend yield
Nonein the last 12 months
ROCE
10.7%
Debt to equity
0.18
Volume, NSE
2,32,51853.4% delivered

Share price

Daily closes since Jun 2022, adjusted for splits and bonuses

+85.2%over a year

Results20-session average 4,39,075 shares a day, 43.3% delivered

Results

Standalone, as consolidated accounts are on record for only 4 of the last ten years; ₹ crore, the charts by years to March, the table by quarter.Quarterly results

Quarter to Jun 2026, against the quarter beforeFiled 31 Jul

Revenue
₹257 Crup 8.09%
Net profit
₹48 Crup 27.36%
Net margin
18.8%

Revenue by year

Peak revenue ₹940 Cr, year to Mar 2026

Net profit by year, a loss in red

₹ croreSep 2024Filed 21 OctDec 2024Filed 17 JanMar 2025Filed 23 SepJun 2025Filed 24 JulSep 2025Filed 13 NovDec 2025Filed 3 FebMar 2026Filed 15 MayJun 2026Filed 31 Jul
Revenue196197215214225257237257
Net profit3841434044523848
Net margin19.4%20.7%20.0%18.7%19.4%20.2%16.0%18.8%
Standalone. The last eight quarters. The latest is shaded.

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.PE ratio and valuation history

Price to book

At or below today's level on 75% of 884 trading days since Nov 2022.

LowestHighest
Its median5.6Industry median2.5
EV to EBITDA50.0

At or below today's level on 35% of 739 trading days over the last 3 years.

LowestHighest
Its median57.8Industry median15.8

Where the return came from

Yearly rates to Mar 2026, per-share figures restated for splits and bonuses.

OverReturn a yearEarnings growthChange in P/EDividend yield
1 year+31.7%+14.1%+15.4%0.0%
3 years+5.3%+7.7%−2.2%0.0%
Return is price growth plus the average dividend yield. Change in P/E is (1 + price growth) / (1 + earnings growth) - 1, so the parts compound rather than add.

Who owns it

Per cent of the company's shares, from the filing for Sep 2026.Shareholding pattern

Shareholding by group

  • Promoters74.92%
  • Foreign institutions8.49%
  • Indian institutions9.70%
  • Individuals and others6.89%
Holder
Purnima Ashwin DesaiPromoter17.39%
AAD Business Trust (Trustees: Ashwin Jayantilal Desai and Purnima Ashwin Desai)Promoter15.08%
RAD Family Trust (Trustees: Ashwin Jayantilal Desai and Purnima Ashwin Desai)Promoter15.08%
AJD Family Trust (Trustees: Ashwin Jayantilal Desai and Purnima Ashwin Desai)Promoter10.22%
PAD Family Trust (Trustees: Purnima Ashwin Desai and Ashwin Jayantilal Desai)Promoter10.22%
Ashwin Jayantilal DesaiPromoter5.06%
Holders are named in the company's own words: an insurer's holding can carry one of its funds' names. Mutual funds are left out here and listed fund by fund below.

Mutual funds holding it

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.Mutual fund holdings

Bought for the first time
17
Bought again
16
Added
6
Cut
9
Held unchanged
29
Sold out
2
Fund
SBI Mutual Fund logoSBI Multicap FundSBI Mutual Fund36,00,0002.61%₹611.7 Cr
Invesco Mutual Fund logoInvesco India Small Cap FundInvesco Mutual Fund14,34,4011.51%₹243.7 Cr
SBI Mutual Fund logoSBI MNC FundSBI Mutual Fund12,00,0003.20%₹203.9 Cr
Abakkus Mutual Fund logoAbakkus Flexi Cap FundAbakkus Mutual Fund11,85,0002.57%₹201.4 Cr
SBI Mutual Fund logoSBI Healthcare Opportunities FundSBI Mutual Fund7,50,0002.17%₹127.4 Cr
Edelweiss Mutual Fund logoEdelweiss Small Cap FundEdelweiss Mutual Fund5,52,8981.34%₹94.0 Cr
Abakkus Mutual Fund logoAbakkus Small Cap FundAbakkus Mutual Fund3,90,0002.04%₹66.3 Cr
Axis Mutual Fund logoAxis Business Cycles FundAxis Mutual Fund3,10,2062.59%₹52.7 Cr
HDFC Mutual Fund logoHDFC Business Cycle FundHDFC Mutual Fund3,02,6881.94%₹51.4 Cr
Edelweiss Mutual Fund logoEdelweiss Large & Mid Cap FundEdelweiss Mutual Fund2,51,1190.92%₹42.7 Cr
Portfolios disclosed for Sep 2026. Weight is the holding as a share of the fund's assets.

Peers and competitors

Specialty Chemicals, 130 listed companies, priced on 23 Oct 2026. The table lists the 8 companies closest to Aether Industries in market cap.

Aether Industries is not on the chart: it has no P/E or return on equity today

Return on equity across, P/E up, size is market cap
Company
SRF logoSRFSRF68,47430.04.518.4+19.7%+41.1%16.0%15.1%0.43%
Gujarat Fluorochemicals logoGujarat FluorochemicalsFLUOROCHEM46,53475.75.935.2+9.5%−1.1%8.1%9.8%0.07%
Navin Fluorine International logoNavin Fluorine InternationalNAVINFLUOR39,34649.89.932.9+42.4%+122.7%23.9%20.7%0.20%
Deepak Nitrite logoDeepak NitriteDEEPAKNTR19,73325.23.415.8+7.1%+29.2%14.0%14.8%0.52%
Atul logoAtulATUL16,41720.62.613.9+15.8%+59.1%13.5%13.4%0.54%
Aarti Industries logoAarti IndustriesAARTIIND15,50929.22.614.8+27.1%+123.7%9.2%7.9%0.23%
Fine Organic Industries logoFine Organic IndustriesFINEORG15,48335.35.826.3+7.3%+5.7%17.7%17.6%0.22%
BASF India logoBASF IndiaBASF13,28920.73.413.0+6.7%+62.4%16.9%20.2%0.81%
Market cap in ₹ crore. Growth is the last twelve months against the twelve before. A figure is left empty where it would rest on a loss or the company has under a year of results on record. ROE is the shareholders' profit over their net worth. ROCE is profit before interest and tax over the whole group's net worth plus borrowings, as in the figures at the top of the page.

Latest announcements

Routine notices left out.Share news and announcements

Aether Industries share price by year

Each calendar year to 2025.Aether Industries share price history

YearClose at year endChangeHighest closeLowest close
2025860.10−3.0%932.95730.80
2024886.950.0%1,059.35780.10
2023887.30+5.7%1,165.95779.75
2022839.15–1,021.10750.40
₹ per share, adjusted for splits and bonuses since. Change is on the close at the end of the year before. 2022 is from its first session, 3 Jun 2022.

Recent sessions

The last 10 trading days to 23 Oct 2026, as traded on NSE.

DateOpenHighLowCloseAverage priceVolumeDelivery
23 Oct 20261,450.401,454.601,400.501,412.701,416.312,32,51853.4%
22 Oct 20261,458.001,481.601,436.101,449.901,457.583,44,10949.2%
21 Oct 20261,520.801,520.801,446.901,462.501,469.125,66,75459.0%
19 Oct 20261,515.001,542.201,492.301,521.401,518.753,49,75047.4%
16 Oct 20261,597.001,606.001,521.201,538.601,550.714,99,41447.2%
15 Oct 20261,682.601,692.801,575.201,595.601,615.665,10,73950.3%
14 Oct 20261,709.901,734.601,659.101,682.601,677.083,16,25343.2%
13 Oct 20261,788.001,798.001,710.001,715.701,725.862,00,67047.9%
12 Oct 20261,769.901,810.001,757.601,779.301,787.201,93,20140.8%
9 Oct 20261,749.401,759.701,701.201,748.101,728.701,39,55530.4%
Prices in ₹ per share as traded, not adjusted.

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.

Legal name
Aether Industries Limited
NSE symbol
AETHER
BSE code
543534
ISIN
INE0BWX01014
Industry
Chemicals & Petrochemicals
Listed
Jun 2022
Face value
₹10
CIN
L24100GJ2013PLC073434
Corporate identity number, the registrar of companies' code for it