Aether Industries Likely Entering Growth Phase — Market Talk
DDow Jones
Aether Industries is likely entering a growth phase, with the company ramping up the execution of new contracts it signed over the past two years, Ambit Capital analysts say in a research report. They expect the contracts' contribution to the Indian chemical manufacturer's earnings to rise to 43% in FY 2028 from 10% in FY 2025. The growing share of contract manufacturing will likely bring scale to the company and reduce the business's working-capital requirement to around 160 days over the next five years from roughly 240 days over the past five years. The brokerage initiates stock coverage with a buy rating and a target price of INR925.00. Shares are 1.9% lower at INR739.00. (ronnie.harui@wsj.com)