back to top
HomeSHARE MARKETPositive News! Company Will Start New Solar Plant; Don't Sell; ₹1500 Target...

Positive News! Company Will Start New Solar Plant; Don’t Sell; ₹1500 Target Price

Hot Stocks Alert Join

Aether Industries (NSE: AETHER) share: On the Last trading day of the week, the market saw a volatile environment and there was tremendous buying of some shares. 

One of these shares belonged to Aether Industries. Positive news about the company’s operations is what prompted this share. Aether Industries will start a 15 MW solar power plant for personal use in Bharuch, Gujarat.

What Did The Company Say?

The company’s information on the stock exchange stated that the project would be built on 60 acres of land in the Bharuch District of Gujarat. The phased start-up of the solar energy plant is likely to take place early in the next financial year. 

However, the company has not given details of capital expenditure for this project. Aether Industries has already started a 16 MW solar energy project for personal consumption in July 2023.

The company said that the new solar project to be set up in Bharuch will increase its renewable energy sources and help it move towards a sustainable position. 

Rohan Desai is the promoter of Aether Industries and its full-time director. He said: We will explore new ways to make Aether Industries the benchmark for sustainability in the chemical industry.

Share Status

On Friday, shares of Aether Industries closed at Rs 866. The trading day high of the share is Rs 882. In June 2023, the share reached a 52-week high of Rs 1,210.80. The IPO launched between May 24 and 26, 2022. The issue price of this IPO was ₹610-642 per share.

The share may go upto Rs 1500 in future.

Market Condition

BSE’s 30-share index Sensex closed at 72,152 with a decline of 34.09 points or 0.05 percent. During trading the Sensex reached a high of 72,559.21, and fell to a minimum of 71,938.22.

NSE index Nifty closed at 21,930.50 with a marginal gain of 1.10 points or 0.01 percent.

About Aether Industries Ltd 

Aether Industries Limited is an Indian company. It has a plan of action that aims to make it a leader in the world for fine and specialty chemicals, and active ingredients. This company offers contract research and manufacturing services.

Aether operates a unique contract research and production facility in Surat (Gujarat), India. We can currently produce quantities ranging from 1 kg to 120 MT in our multi-purpose, fully operational pilot plant.

Aether’s core competency is its cutting-edge technologies and chemistries. Aether produces advanced intermediates and materials for the pharmaceutical, electronic chemicals, flavor and fragrances, specialty polymers, agrochemicals, material science, and specialty polymer industries.

Aether’s management has years of experience in India’s chemical industry.

Fundamental Analysis of Aether Industries Ltd

Market Cap₹ 11,615 Cr.
Current Price₹ 866
52-wk High₹ 1,211 
52-wk Low₹ 778
Stock P/E89.8
Book Value₹ 154
Dividend0.00 %
ROCE18.4 %
ROE15.9 %
Face Value₹ 10.0
P/B Value5.68
OPM27.3 %
EPS₹ 9.59
Debt₹ 17.0 Cr.
Debt to Equity0.01

Aether Industries Share Price Target 2024 To 2030

Year1st Target2nd Target
2024₹900₹1500
2025₹1524₹1622
2026₹1674₹1700
2027₹1728₹1798
2028₹1800₹1875
2029₹1900₹1924
2030₹1950₹1954
Hot Stocks Alert Join

Aether Industries Ltd Shareholding Pattern

Promoters Holding
Dec 202287.07%
Mar 202387.07%
June 202381.80%
Sept 202381.80%
Dec 202381.79%
FII Holding
Dec 20221.56%
Mar 20231.57%
June 20231.87%
Sept 20232.44%
Dec 20231.97%
DII Holding
Dec 20228.35%
Mar 20238.39%
June 202313.65%
Sept 202312.99%
Dec 202311.79%
Hot Stocks Alert Join
Public Holding
Dec 20223.01%
Mar 20232.98%
June 20232.67%
Sept 20232.76%
Dec 20234.44%

Aether Industries Ltd Share: Last 5 Years’ Financial Condition

To better understand how the market is performing, let’s look at the outlook of this share in the previous years. 

However, investors should be aware of the risks and the market conditions before making any investment decision.

Last 5 Years’ Sales:

2019₹ 201 Cr
2020₹ 302 Cr
2021₹ 450 Cr
2022₹ 590 Cr
2023₹ 664 Cr

Last 5 Years’ Net Profit:

2019₹ 23 Cr
2020₹ 40 Cr
2021₹ 71 Cr
2022₹ 109 Cr
2023₹ 125 Cr
Hot Stocks Alert Join

Last 5 Years’ Debt-To-Equity Ratio:

2019
2020
20211.19
20220.74
20230

Last 10 Years’ Profit Growth:

10 Years:
5 Years:76%
3 Years:48%
Current Year:9%

Last 10 years’ Return on Equity (ROE):

10 Years:
5 Years:29%
3 Years:25%
Last Year:16%

Sales Growth Over 10 Years:

10 Years:
5 Years:43%
3 Years:29%
Current Year:8%

Conclusion

This article is a complete guide about Aether Industries Ltd Share. This information and forecasts are based on our research, company fundamentals, history, experiences, and technical analyses. 

Also, We have discussed the share’s prospects and growth potential in detail.

This information will help you in your further investment. 

If you are new to our website and want to get all the latest updates related to the stock market, join us on Telegram Group.

If you have any further queries, please comment below. We will be happy to answer all your questions. 

If you like this information, share the article with as many people as possible.

Also Read: More Than 160% Return; Share Price ₹62; Share Target ₹78 And ₹105; Do You Have?

Disclaimer: Dear readers, we’d like to inform you that we are not authorized by SEBI (Securities and Exchange Board of India). The information on this site is only for informational and educational purposes and shouldn’t be considered financial advice or stock recommendations. Also, the share price predictions are completely for reference purposes. The price predictions will only be valid when there are positive signs on the market. Any uncertainty about the company’s future or the current state of the market will not be considered in this study. We are not responsible for any financial loss you might incur through the information on this site. We provide timely updates about the stock market and financial products to help you make better investment choices. Do your research before any investment.

BEST FOR YOU

LEAVE A REPLY

Please enter your comment!
Please enter your name here