Aether Industries Limited (AETHER) - Net Assets

Latest as of March 2026: Rs24.56 Billion INR ≈ $265.59 Million USD

Based on the latest financial reports, Aether Industries Limited (AETHER) has net assets worth Rs24.56 Billion INR (≈ $265.59 Million USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Rs32.01 Billion ≈ $346.22 Million USD) and total liabilities (Rs7.46 Billion ≈ $80.63 Million USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check AETHER strategic asset allocation to assess the company's strategic physical and investment asset allocation.

Key Net Assets Metrics

Metric Value
Current Net Assets Rs24.56 Billion
% of Total Assets 76.71%
Annual Growth Rate 88.69%
5-Year Change 534.78%
10-Year Change N/A
Growth Volatility 67.3

Aether Industries Limited - Net Assets Trend (2018–2026)

This chart illustrates how Aether Industries Limited's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see AETHER market cap overview.

Annual Net Assets for Aether Industries Limited (2018–2026)

The table below shows the annual net assets of Aether Industries Limited from 2018 to 2026. Also explore AETHER net asset momentum to track the company's year-over-year net asset growth rate.

Year Net Assets Change
2026-03-31 Rs24.56 Billion
≈ $265.59 Million		 +10.33%
2025-03-31 Rs22.26 Billion
≈ $240.72 Million		 +7.88%
2024-03-31 Rs20.63 Billion
≈ $223.14 Million		 +65.78%
2023-03-31 Rs12.45 Billion
≈ $134.60 Million		 +221.70%
2022-03-31 Rs3.87 Billion
≈ $41.84 Million		 +121.93%
2021-03-31 Rs1.74 Billion
≈ $18.85 Million		 +122.71%
2020-03-31 Rs782.77 Million
≈ $8.47 Million		 +103.08%
2019-03-31 Rs385.45 Million
≈ $4.17 Million		 +152.18%
2018-03-31 Rs152.85 Million
≈ $1.65 Million		 --

Equity Component Analysis

This analysis shows how different components contribute to Aether Industries Limited's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.

Equity Composition Insights

  • Retained earnings have decreased by 100.0% over the analyzed period, potentially due to dividend distributions or operating losses.

Current Equity Component Breakdown (March 2026)

Component Amount Percentage
Common Stock Rs1.33 Billion 5.40%
Other Components Rs23.23 Billion 94.60%
Total Equity Rs24.56 Billion 100.00%

Aether Industries Limited Competitors by Market Cap

The table below lists competitors of Aether Industries Limited ranked by their market capitalization.

Company Market Cap
Maple Leaf Foods Inc.
TO:MFI
 $2.34 Billion
Ningbo Jifeng Auto Parts Co
SHG:603997
 $2.34 Billion
Fabege AB
ST:FABG
 $2.34 Billion
China Science Publishing & Media Ltd
SHG:601858
 $2.34 Billion
CJ Corp
KO:001040
 $2.34 Billion
Zhejiang Changsheng Sliding Bearings Co Ltd Class A
SHE:300718
 $2.34 Billion
Civitas Resources Inc
NYSE:CIVI
 $2.34 Billion
Kent Gida Maddeleri Sanayi ve Ticaret AS
IS:KENT
 $2.34 Billion

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Aether Industries Limited's equity between the two most recent reporting periods.

Equity Growth Insights

  • From 2025 to 2026, total equity changed from 22,258,860,000 to 24,558,880,000, a change of 2,300,020,000 (10.3%).
  • Net income of 2,194,630,000 contributed positively to equity growth.
  • New share issuances of 41,090,000 increased equity.
  • Other comprehensive income decreased equity by 66,069,999.

Equity Change Factors (2025 to 2026)

Factor Impact Contribution
Net Income Rs2.19 Billion +8.94%
Share Issuances Rs41.09 Million +0.17%
Other Comprehensive Income Rs-66.07 Million -0.27%
Other Changes Rs130.37 Million +0.53%
Total Change Rs- 10.33%

Book Value vs Market Value Analysis

This analysis compares Aether Industries Limited's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.

Valuation Insights

  • Current price-to-book ratio: 8.81x
  • The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
  • The price-to-book ratio has decreased from 1004.15x to 8.81x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date Book Value per Share Market Price P/B Ratio
2018-03-31 Rs1.62 Rs1630.00 x
2019-03-31 Rs4.09 Rs1630.00 x
2020-03-31 Rs8.31 Rs1630.00 x
2021-03-31 Rs18.03 Rs1630.00 x
2022-03-31 Rs34.33 Rs1630.00 x
2023-03-31 Rs99.96 Rs1630.00 x
2024-03-31 Rs157.81 Rs1630.00 x
2025-03-31 Rs167.83 Rs1630.00 x
2026-03-31 Rs184.98 Rs1630.00 x

Capital Efficiency Dashboard

This dashboard shows how efficiently Aether Industries Limited utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.

Capital Efficiency Insights

  • Current Return on Equity (ROE): 8.94%
  • The company has moderate efficiency in generating returns from equity.
  • DuPont Analysis Breakdown:
  • • Net Profit Margin: 18.92%
  • • Asset Turnover: 0.36x
  • • Equity Multiplier: 1.30x
  • Recent ROE (8.94%) is below the historical average (29.10%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year Return on Equity Net Profit Margin Asset Turnover Equity Multiplier Economic Value Added
2018 50.81% 7.14% 0.69x 10.35x Rs62.38 Million
2019 60.54% 11.56% 0.98x 5.36x Rs194.79 Million
2020 51.04% 13.20% 1.01x 3.84x Rs321.28 Million
2021 40.79% 15.75% 1.00x 2.60x Rs536.86 Million
2022 28.16% 18.38% 0.77x 1.99x Rs702.40 Million
2023 10.48% 19.93% 0.47x 1.11x Rs59.54 Million
2024 4.00% 13.76% 0.25x 1.16x Rs-1.24 Billion
2025 7.12% 18.85% 0.32x 1.19x Rs-641.71 Million
2026 8.94% 18.92% 0.36x 1.30x Rs-261.26 Million

Industry Comparison

This section compares Aether Industries Limited's net assets metrics with peer companies in the Specialty Chemicals industry.

Industry Context

  • Industry: Specialty Chemicals
  • Average net assets among peers: $6,748,818,333
  • Average return on equity (ROE) among peers: 8.67%

Peer Company Comparison

Company Net Assets Return on Equity Debt-to-Equity Market Cap
Aether Industries Limited (AETHER) Rs24.56 Billion 50.81% 0.30x $2.34 Billion
Aarti Industries Limited (AARTIIND) $11.89 Billion 21.60% 1.49x $1.93 Billion
Aarti Surfactants Limited (AARTISURF) $1.36 Billion -4.77% 1.06x $49.06 Million
ABM International Limited (ABMINTLLTD) $176.83 Million -10.10% 0.47x $5.19 Million
Advanced Enzyme Technologies Limited (ADVENZYMES) $11.40 Billion 10.49% 0.11x $348.52 Million
Akzo Nobel India Limited (AKZOINDIA) $7.29 Billion 29.38% 1.77x $1.60 Billion
Alkali Metals Limited (ALKALI) $445.25 Million -13.03% 1.09x $9.65 Million
Alkyl Amines Chemicals Limited (ALKYLAMINE) $9.90 Billion 22.72% 0.39x $1.03 Billion
Ami Organics Limited (AMIORG) $13.20 Billion 12.02% 0.17x $1.18 Billion
Anupam Rasayan India Limited (ANURAS) $5.07 Billion 9.71% 1.61x $1.49 Billion

About Aether Industries Limited

NSE:AETHER India Specialty Chemicals
Market Cap
$2.34 Billion
Rs216.32 Billion INR
Market Cap Rank
#5656 Global
#256 in India
Share Price
Rs1630.00
Change (1 day)
+0.41%
52-Week Range
Rs732.60 - Rs1696.80
All Time High
Rs1696.80
Categories
Companies in India Specialty Chemicals
About

Aether Industries Limited produces and sells advanced intermediates and specialty chemicals in India and internationally. It also large-scale manufacturing, contract research and manufacturing services, as well as contract/exclusive manufacturing services. The company serves its products to the chemical industry, including multinational, regional, and domestic companies in the pharmaceuticals, ag… Read more