Buy Aether Industries, target price Rs 1117: HDFC Securities

HDFC Securities has buy call on Aether Industries with a target price of Rs 1117. The current market price of Aether Industries Ltd. is Rs 875.

Aether Industries Ltd., incorporated in the year 2013, is a Small Cap company (having a market cap of Rs 11587.54 Crore) operating in Chemicals sector.

Aether Industries Ltd. key Products/Revenue Segments include Chemicals and Sale of services for the year ending 31-Mar-2024.



Financials
For the quarter ended 30-06-2024, the company reported a Consolidated Total Income of Rs 191.98 Crore, up 48.72 % from last quarter Total Income of Rs 129.09 Crore and up 17.51 % from last year same quarter Total Income of Rs 163.37 Crore. Company reported net profit after tax of Rs 29.93 Crore in latest quarter.


Promoter/FII Holdings
Promoters held 81.79 per cent stake in the company as of 30-Jun-2024, while FIIs owned 2.9 per cent, DIIs 11.55 per cent.