Aether Industries IPO - Investment Rationale, Strengths, Risks, Business Strategies, Financials: Anand Rathi

Aether Industries IPO - Rationale, Strengths, Risks, Business Strategies, Financials: Anand Rathi

A glass flask containing chemical solution sit inside a lab. (Source: unsplash)

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Anand Rathi Report

Incorporated in January 2013, Aether Industries Ltd. is a specialty chemical manufacturer in India focused on producing advanced intermediates and specialty chemicals involving complex and differentiated chemistry and technology core competencies.

It is one of the fastest growing specialty chemical companies in India, growing at a compound annual growth rate of nearly 49.5% between fiscal 2019 and fiscal 2021.

Aether is focused on the core competencies model of chemistry and technology. The chemical companies usually have a single or a couple of chemistry competencies for their entire product portfolio; however, they have eight chemistry competencies to use for their wide array of products, which enables them to cater to niche and advanced intermediate requirements of a wider range of end-products and applications.

All these competencies have been developed in-house, which is one of the core strengths of their research and development team.

Click on the attachment to read the full report:

Anand Rathi Aether Industries IPO Note.pdf
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