Aether Industries Share Price

Aether Industries Limited, headquartered in Gujarat’s Surat produces specialised chemicals and sophisticated intermediates. Multiple industries, including pharmaceuticals, agrochemicals, material science, coatings, high-performance photography, additives and the oil and gas sector, use Aether’s wide variety of products. The majority of its products are exported internationally to 21 countries, spanning regions such as Italy, Spain, Germany, the Netherlands and the United States.

In FY2023, Aether Industries expanded its business operations to four new countries — Singapore, Malta, Norway and South Korea.

A significant milestone for Aether Industries occurred with its listing on stock exchanges. The company launched its IPO and subsequently got listed on June 3, 2022, both on the BSE and the National Stock Exchange (NSE).

The market capitalisation of Aether Industries stood at over ₹11,500 crore as of February 27, 2024. Aether share price has dropped 0.38% in the last one year.

Business operations

Aether was incorporated in 2013, marking the beginning of its research and development (R&D) operations at its first manufacturing facility. At the same location, pilot plant operations were started in 2014. During this period, the company’s team expanded to over 50 employees.

Progress continued in 2015 as Aether purchased 10,500 square metres of land for its second manufacturing plant. By now, the company had over 100 employees.

Since its inception, for the first few years, Aether Industries just conducted research and development activities to develop products. The company began its commercial production at its first manufacturing plant in 2016 after completing construction on the two production sites. The number of workers increased substantially over time, reaching around 200.

The staff continued to grow steadily, and by 2018, the company had employed over 400 people. With the purchase of 5,250 square metres of land from GIDC for a proposed greenfield project in 2021, Aether embarked on a new venture that would indicate future expansion and development. At the same time, the company’s workforce swelled to over 700 employees.

Aether Industries currently operates three manufacturing facilities, all in Gujarat. In 2023, it achieved a significant achievement with the start of commercial production at its third manufacturing facility. The number of employees at the company increased as well, surpassing 880.

Tthe documentation process for the company’s fourth manufacturing facility is underway.

Since beginning its commercial production, Aether Industries has implemented three business models:

i) Large-scale manufacturing ii) Contract Research and Manufacturing Services (CRAMS) iii) Contract / Exclusive manufacturing.

Aether had over 28 products in its portfolio as of March 31, 2023, which were marketed to over 230 local customers and more than 50 worldwide customers spread across 21 countries.

One of the key pillars of Aethof March 2023, 111 scientists and 122 engineers made up Aether Induser Industries is its strong in-house research and development capabilities. At present, the company conducts over 110 reactions or experiments per day.

Financial highlights

– Aether Industries’ revenue in FY23 was ₹651 crore compared to ₹590 crore in the previous fiscal year.

– The net profit in FY23 was ₹130.41 crore compared to ₹108.92 crore in FY22. – The company’s EBITDA stood at ₹186.25 crore in FY23 compared to ₹168.1 crore in FY22. – Aether Industries’ Earnings Per Share (EPS) was ₹10.47 in FY23 while it was ₹9.67 in FY22.