Aether Industries Ltd.
Long
Updated

Look no further while AETHER is Here !

899
-Annual Revenue rose 11.8%, in the last year to Rs 667.6 Crores. Its sector's average
revenue growth for the last fiscal year was 17.1%
-Annual Net Profit rose 19.7% in the last year to Rs 130.4 Crores. Its sector's average net
profit growth for the last fiscal year was 6.7%.
-EPS increased to 10.5 from previous year 9.67

PE Ratio is 109.7, higher than its sector PE ratio of 47.7 (Negative)

In the latest quarter :
DII Holding increased by 5.26%
Promoters holding decreased by 5.26%
FII Holding increased by 0.30%

Incorporated in 2013, Aether Industries Limited is a manufacturer of specialty chemicals. The company is sole Indian manufacturer for chemicals such as 4-(2-Methoxyethyl) Phenol (4MEP), and 3-Methoxy-2-Methylbenzoyl Chloride (MMBC), Thiophene-2-Ethanol (T2E), Ortho Tolyl Benzo Nitrile (OTBN), N-Octyl-D-Glucamine, Delta-Valerolactone, and Bifenthrin Alcohol. It exports products to 18 countries, including Italy, Spain, Germany, the United States, and other parts of the world.

Business segment:
A) Large Scale Manufacturing (72% of FY21 revenue)
B) Contract Manufacturing (19% of FY21 revenue)
C) CRAMS (9% of FY21 revenue)

New Manufacturing units
In August 2021, it commenced construction of a new manufacturing facility #3 at Sachin, and it is in discussions with relevant authorities for acquiring land for the fourth manufacturing facility (manufacturing facility #4) at Sachin. Both these new manufacturing facilities (#3 and #4) will be within a short distance from manufacturing facility #2.


Note
Seems like it is gearing up CMP 1076
Note
snapshot

The trade hasn't triggered yet, but today's move could be a good entry point. Let's see if it sustains at this support. The stoploss mentioned in the analysis comes into play only after the stock closes above 1110.
Note
CMP: 990. This could be the important zone where it could reverse back upwards
Note
This analysis never took off. However there is a new development in this script.
snapshot
I believe it is very close to a reversal.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.