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Aether Industries (AETHER)₹1,590−0.84%Specialty Chemicals
In the Sep 2026 quarter (consolidated), Aether Industries reported sales of ₹346 Cr, up 23.9% from Sep 2025, and net profit of ₹67.89 Cr, up 25.8% year on year. For the year to Mar 2026, sales were ₹1,158 Cr and net profit ₹219 Cr.
Company filings, consolidated accounts; latest reported quarter Sep 2026
| Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 155 | 118 | 180 | 199 | 220 | 239 | 256 | 280 | 319 | 304 | 326 | 346 |
| Expenses | 124 | 107 | 136 | 145 | 154 | 160 | 174 | 191 | 206 | 221 | 223 | 236 |
| Operating Profit | 30.96 | 9.99 | 42.96 | 53.99 | 64.93 | 79.96 | 80.95 | 87.94 | 112 | 82.92 | 103 | 110 |
| OPM % | 20.0% | 9.0% | 24.0% | 27.0% | 29.0% | 33.0% | 32.0% | 31.0% | 35.0% | 27.0% | 31.0% | 32.0% |
| Other Income | 4.98 | 3.99 | 8.98 | 7.98 | 10.96 | 1.99 | −0.99 | 5.98 | −3.99 | 9.97 | 7.98 | 4.98 |
| Interest | 1.99 | 3.99 | 2.99 | 2.01 | 2.99 | 4.99 | 4.99 | 2.99 | 3.99 | 5.99 | 5.99 | 4.99 |
| Depreciation | 9.97 | 9.97 | 9.97 | 10.97 | 10.97 | 12.97 | 13.96 | 16.95 | 16.95 | 17.93 | 20.93 | 21.93 |
| Profit before tax | 24.04 | 0.00 | 39.07 | 49.13 | 61.17 | 64.12 | 62.12 | 74.19 | 87.19 | 68.20 | 83.22 | 89.26 |
| Tax % | 27.1% | 486.0% | 24.1% | 28.0% | 29.1% | 21.0% | 24.1% | 27.1% | 26.1% | 21.1% | 25.1% | 23.1% |
| Exceptional items | −5.02 | −3.01 | −2.01 | −2.01 | −2.01 | −2.01 | −2.01 | −2.01 | −2.01 | −1.01 | 0.00 | 0.00 |
| Net Profit | 16.99 | −0.99 | 29.98 | 34.96 | 42.98 | 49.93 | 46.92 | 53.97 | 63.95 | 53.94 | 62.95 | 67.89 |
| EPS (Rs) | 1.30 | −0.10 | 2.27 | 2.62 | 3.26 | 3.78 | 3.54 | 4.06 | 4.87 | 4.08 | 4.72 | 5.11 |
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|
| Sales | 589 | 649 | 597 | 839 | 1,158 | 1,296 |
| Expenses | 421 | 463 | 464 | 596 | 794 | 887 |
| Operating Profit | 168 | 186 | 132 | 243 | 364 | 408 |
| OPM % | 28.0% | 29.0% | 22.0% | 29.0% | 31.0% | 31.5% |
| Other Income | 6.98 | 16.94 | 24.92 | 27.91 | 11.97 | 18.94 |
| Interest | 12.99 | 4.99 | 8.99 | 12.99 | 17.99 | 20.96 |
| Depreciation | 14.96 | 22.92 | 39.89 | 44.89 | 65.76 | 77.74 |
| Profit before tax | 146 | 175 | 110 | 213 | 292 | 328 |
| Tax % | 26.1% | 25.1% | 25.0% | 26.0% | 25.1% | — |
| Exceptional items | 0.00 | 1.01 | −10.03 | −9.04 | −7.03 | −3.02 |
| Net Profit | 109 | 130 | 81.95 | 158 | 219 | 249 |
| EPS (Rs) | 9.66 | 10.46 | 6.21 | 11.94 | 16.55 | 18.78 |
| Dividend payout % | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | — |
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|
| Equity Capital | 113 | 125 | 133 | 133 | 133 |
| Reserves | 274 | 1,121 | 1,932 | 2,095 | 2,324 |
| Borrowings | 292 | 16.04 | 183 | 201 | 459 |
| Other Liabilities | 91.63 | 121 | 155 | 217 | 288 |
| Total Liabilities | 770 | 1,382 | 2,404 | 2,645 | 3,203 |
| Fixed Assets | 258 | 647 | 855 | 1,119 | 1,500 |
| CWIP | 57.79 | 36.87 | 231 | 362 | 514 |
| Investments | 16.99 | 0.99 | 0.00 | 0.00 | 0.00 |
| Other Assets | 438 | 696 | 1,316 | 1,164 | 1,189 |
| Inventories | 163 | 249 | 343 | 397 | 537 |
| Trade receivables | 163 | 259 | 233 | 289 | 391 |
| Cash & equivalents | 18.05 | 102 | 557 | 240 | 6.02 |
| Total Assets | 770 | 1,382 | 2,404 | 2,645 | 3,203 |
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|
| Cash from operating activity | −4.99 | −6.98 | −15.98 | 99.75 | 142 |
| Cash from investing activity | −150 | −347 | −422 | −417 | −617 |
| Cash from financing activity | 168 | 437 | 891 | 0.99 | 243 |
| Net cash flow | 11.98 | 83.97 | 453 | −317 | −233 |
| Capex | 52.86 | 399 | 247 | 303 | 474 |
| Free cash flow | −157 | −364 | −444 | −353 | −482 |
| CFO / OP % | 17.0% | 14.0% | 1.0% | 64.0% | 54.0% |
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|
| Debtor days | 102 | 146 | 143 | 126 | 124 |
| Inventory days | 221 | 301 | 411 | 356 | 345 |
| Days payable | 95 | 99 | 124 | 114 | 126 |
| Cash conversion cycle | 227 | 348 | 429 | 367 | 341 |
| Working capital days | 82 | 268 | 279 | 239 | 160 |
| ROCE % | — | 18.0% | 7.0% | 10.0% | 12.0% |
For the Sep 2026 quarter, Aether Industries reported sales of ₹346 Cr, up 23.9% year on year and net profit of ₹67.89 Cr, up 25.8% year on year. The operating margin was 32.0%.
Aether Industries' sales for the year to Mar 2026 were ₹1,158 Cr; over the last twelve months they were ₹1,296 Cr.
Net profit for the year to Mar 2026 was ₹219 Cr, and ₹249 Cr over the last twelve months. Earnings per share over the same trailing period were ₹18.78.
Aether Industries reported borrowings of ₹459 Cr at Mar 2026, against cash and equivalents of ₹6.02 Cr.
Cash from operations was ₹142 Cr in the year to Mar 2026; after capital spending, free cash flow was −₹482 Cr.