Aether Industries - Expansion, Diversification: HDFC Securities

NDTV Profit’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer NDTV Profit’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..HDFC Securities Institutional Equities.Aether Industries Ltd. has experienced sectoral environmental challenges in the fiscal year 2023-24. The broader operating environment presented hurdles, including volatile macroeconomic conditions, ongoing geopolitical tensions, slowdowns due to inventory de-stocking, and margin pressures from aggressive competition from Chinese manufacturers. Additionally, last year the company was fraught with the unfortunate fire incident at the company’s primary manufacturing facility. All this put the company on the back foot. Despite these hurdles, the company has successfully diversified across various industries, including oilfield drilling services, electronic chemicals, sustainable polyols, circular plastic recycling technology, and numerous other rapidly advancing projects within research and development and pilot plant facilities..Aether has commissioned site 4 to execute the strategic supply agreement with Baker Hughes. It has received the revocation of the closure order from the Gujarat Pollution Control Board for site two. The expansion project at sites 3+ and 3++ is on track and will be commissioned by FY25-end. This will accelerate its revenue growth in near term. Phase I at site 5 (Panoli) is proceeding according to the planned commissioning schedule by end of FY26. The company’s strategic capital investments are being fuelled by internal accruals and money raised (Rs 7,500 million) through QIP. We expect a revenue CAGR of ~43% and an earnings CAGR of ~58% over FY24-27E. Maintaining Buy with a target price of Rs 1,117..Click on the attachment to read the full report:.Ecos India Mobility IPO - Investment Rationale, Issue Details, Financials, Risks And More: Anand Rathi.DISCLAIMERThis report is authored by an external party. NDTV Profit does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of NDTV Profit..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

Aether Industries - Expansion, Diversification: HDFC Securities

R&D is the core strength of Aether and the company’s business model requires it to launch products regularly and continuously add competencies.

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