Aether Industries Limited (AETHER) - Net Assets
Based on the latest financial reports, Aether Industries Limited (AETHER) has net assets worth Rs23.28 Billion INR (≈ $251.80 Million USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Rs28.49 Billion ≈ $308.13 Million USD) and total liabilities (Rs5.21 Billion ≈ $56.33 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 asset resilience ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | Rs23.28 Billion |
| % of Total Assets | 81.72% |
| Annual Growth Rate | 103.71% |
| 5-Year Change | 1176.8% |
| 10-Year Change | N/A |
| Growth Volatility | 61.99 |
Aether Industries Limited - Net Assets Trend (2018–2025)
This chart illustrates how Aether Industries Limited's net assets have evolved over time, based on quarterly financial data. Also explore total assets of Aether Industries Limited for the complete picture of this company's asset base.
Annual Net Assets for Aether Industries Limited (2018–2025)
The table below shows the annual net assets of Aether Industries Limited from 2018 to 2025. For live valuation and market cap data, see AETHER company net worth.
| Year | Net Assets | Change |
|---|---|---|
| 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 |
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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 grown by 7968.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (March 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | Rs5.43 Billion | 24.38% |
| Common Stock | Rs1.33 Billion | 5.96% |
| Other Comprehensive Income | Rs66.07 Million | 0.30% |
| Other Components | Rs15.44 Billion | 69.37% |
| Total Equity | Rs22.26 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 |
|---|---|
|
LMW Limited
NSE:LMW
|
$1.68 Billion |
|
Lakshmi Machine Works Limited
NSE:LAXMIMACH
|
$1.68 Billion |
|
PagSeguro Digital Ltd
NYSE:PAGS
|
$1.68 Billion |
|
Chengdu ALD Aviation Manufacturing Corp
SHE:300696
|
$1.68 Billion |
|
PT Super Bank Indonesia Tbk
JK:SUPA
|
$1.68 Billion |
|
Guangdong Baolihua New Energy Stock Co LTD
SHE:000690
|
$1.68 Billion |
|
Altius Minerals Corporation
TO:ALS
|
$1.68 Billion |
|
Bird Construction Inc.
TO:BDT
|
$1.68 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 2024 to 2025, total equity changed from 20,633,230,000 to 22,258,860,000, a change of 1,625,630,000 (7.9%).
- Net income of 1,584,180,000 contributed positively to equity growth.
- New share issuances of 12,830,000 increased equity.
- Other comprehensive income increased equity by 19,829,999.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | Rs1.58 Billion | +7.12% |
| Share Issuances | Rs12.83 Million | +0.06% |
| Other Comprehensive Income | Rs19.83 Million | +0.09% |
| Other Changes | Rs8.79 Million | +0.04% |
| Total Change | Rs- | 7.88% |
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: 6.98x
- 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 721.88x to 6.98x 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 | Rs1171.80 | x |
| 2019-03-31 | Rs4.09 | Rs1171.80 | x |
| 2020-03-31 | Rs8.31 | Rs1171.80 | x |
| 2021-03-31 | Rs18.03 | Rs1171.80 | x |
| 2022-03-31 | Rs34.33 | Rs1171.80 | x |
| 2023-03-31 | Rs99.96 | Rs1171.80 | x |
| 2024-03-31 | Rs157.81 | Rs1171.80 | x |
| 2025-03-31 | Rs167.83 | Rs1171.80 | 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): 7.12%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 18.85%
- • Asset Turnover: 0.32x
- • Equity Multiplier: 1.19x
- Recent ROE (7.12%) is below the historical average (31.62%), 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 |
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: $5,929,046,629
- Average return on equity (ROE) among peers: 16.44%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Aether Industries Limited (AETHER) | Rs23.28 Billion | 50.81% | 0.22x | $1.68 Billion |
| Aarti Industries Limited (AARTIIND) | $5.93 Billion | 17.40% | 1.80x | $1.99 Billion |
| Aarti Surfactants Limited (AARTISURF) | $1.68 Billion | 7.56% | 1.39x | $37.34 Million |
| ABM International Limited (ABMINTLLTD) | $161.33 Million | 4.08% | 2.02x | $4.23 Million |
| Advanced Enzyme Technologies Limited (ADVENZYMES) | $1.71 Billion | 11.54% | 1.37x | $420.87 Million |
| Akzo Nobel India Limited (AKZOINDIA) | $12.38 Billion | 19.18% | 0.88x | $1.45 Billion |
| Alkali Metals Limited (ALKALI) | $658.97 Million | 9.93% | 0.56x | $7.38 Million |
| Alkyl Amines Chemicals Limited (ALKYLAMINE) | $5.37 Billion | 40.12% | 0.46x | $838.56 Million |
| Ami Organics Limited (AMIORG) | $389.92 Million | 30.90% | 1.80x | $1.18 Billion |
| Anupam Rasayan India Limited (ANURAS) | $25.08 Billion | 7.21% | 0.51x | $1.65 Billion |
About Aether Industries Limited
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