Buy Aether Industries, target price Rs 1124: HDFC Securities

HDFC Securities has buy call on Aether Industries with a target price of Rs 1124. The current market price of Aether Industries is Rs 819.1.

Aether Industries Ltd., incorporated in the year 2013, is a Small Cap company (having a market cap of Rs 10773.69 Crore) operating in Chemicals sector.

Aether Industries Ltd. key Products/Revenue Segments include Chemicals and Sale of services for the year ending 31-Mar-2023.



Financials
For the quarter ended 31-12-2023, the company reported a Consolidated Total Income of Rs 166.62 Crore, down -6.55 % from last quarter Total Income of Rs 178.30 Crore and down -2.29 % from last year same quarter Total Income of Rs 170.53 Crore. Company reported net profit after tax of Rs 17.43 Crore in latest quarter.


Promoter/FII Holdings
Promoters held 81.79 per cent stake in the company as of 31-Dec-2023, while FIIs owned 1.97 per cent, DIIs 11.79 per cent.