Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
Aether IndustriesBOM:543534 +0.76%84 Return-on-Tangible-Equity is 10.27% as of Jun. 2026, which is 63% below its 10-year median of 27.45. GuruFocus rates BOM:543534 with a GF Score™ of 84/100 and a GF Value™ of ₹1,532.72 (Fairly Valued). The stock has 5 warning signs investors should review. Among 1,570 Chemicals companies, Aether Industries ranks better than 67.96% on this metric.
Return-on-Tangible-Equity is calculated as Net Income divided by its average total shareholder tangible equity. Total shareholder tangible equity equals to Total Stockholders Equity minus Intangible Assets. Aether Industries's annualized net income for the quarter that ended in Jun. 2026 was ₹2,510 Mil. Aether Industries's average shareholder tangible equity for the quarter that ended in Jun. 2026 was ₹24,452 Mil. Therefore, Aether Industries's annualized Return-on-Tangible-Equity for the quarter that ended in Jun. 2026 was 10.27%.
The historical rank and industry rank for Aether Industries's Return-on-Tangible-Equity or its related term are showing as below:
BOM:543534'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 5 Med: 27.45 Max: 69.16
Current: 10.11
During the past 8 years, Aether Industries's highest Return-on-Tangible-Equity was 69.16%. The lowest was 5.00%. And the median was 27.45%.
BOM:543534's Return-on-Tangible-Equity is ranked better than 67.96% of 1570
companies
in the Chemicals industry
Industry Median: 5.88
vs BOM:543534: 10.11
Return-on-Tangible-Equity measures the rate of return on the ownership interest (shareholder's tangible equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' tangible equity (shareholders equity minus intangibles). Return-on-Tangible-Equity shows how well a company uses investment funds to generate earnings growth. Return-on-Tangible-Equitys between 15% and 20% are considered desirable.
Be Aware
Net Income is used.
Because a company can increase its Return-on-Tangible-Equity by having more financial leverage, it is important to watch the leverage ratio when investing in high Return-on-Tangible-Equity companies. Like Return-on-Tangible-Asset, Return-on-Tangible-Equity is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.
Asset light businesses require very few assets to generate very high earnings. Their Return-on-Tangible-Equitys can be extremely high.
Aether Industries Return-on-Tangible-Equity Related Terms
Aether Industries Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Aether Industries's Return-on-Tangible-Equity can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
BOM:543534 vs LIN, SHW, ECL: Return-on-Tangible-Equity Comparison
For the Specialty Chemicals subindustry, Aether Industries's Return-on-Tangible-Equity, along with its competitors' market caps and Return-on-Tangible-Equity data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Aether Industries Return-on-Tangible-Equity vs Chemicals Industry
For the Chemicals industry and Basic Materials sector, Aether Industries's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Aether Industries's Return-on-Tangible-Equity falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
In the calculation of annual Return-on-Tangible-Equity, the net income of the last fiscal year and the average total shareholder tangible equity over the fiscal year are used. In calculating the quarterly data,
the net income data used here is four times the quarterly (Jun. 2026) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
What does a Return-on-Tangible-Equity of 10.27% mean?
Aether Industries (BOM:543534) has a Return-on-Tangible-Equity of 10.27% as of Jun. 2026. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Aether Industries and its competitors. This is 63% below median its historical median of 27.45. Over the past decade, Aether Industries' Return-on-Tangible-Equity has ranged from 5.00 to 69.16. According to the industry distribution chart, Aether Industries ranks #503 out of 1570 companies in the Chemicals industry, placing it in the top 32%.
Is Aether Industries' Return-on-Tangible-Equity too high?
Aether Industries' current Return-on-Tangible-Equity of 10.27% is 63% below median its 10-year median of 27.45. Over the past 10 years, this metric has ranged from a low of 5.00 to a high of 69.16. The Chemicals industry median Return-on-Tangible-Equity is 5.88. Aether Industries' value of 10.27% is 74.7% above this industry median. Based on the distribution chart, Aether Industries ranks #503 out of 1570 companies in the Chemicals industry, which is above the industry midpoint. Overall, Aether Industries has a GF Score™ of 84/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Aether Industries' Return-on-Tangible-Equity compare to LIN and SHW?
According to the Chemicals industry distribution chart, Aether Industries ranks #503 out of 1570 companies for Return-on-Tangible-Equity. This puts Aether Industries in the upper half of its industry. The industry median Return-on-Tangible-Equity is 5.88. Aether Industries' value of 10.27% is 74.7% above this benchmark. Historically, Aether Industries' own Return-on-Tangible-Equity has ranged from 5.00 to 69.16 over the past decade. While the company's 10-year median is 27.45 vs. the industry median of 5.88, Aether Industries has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Return-on-Tangible-Equity for a Chemicals company?
The median Return-on-Tangible-Equity among Chemicals companies is 5.88, based on 1,570 companies in the industry. Companies in the top quartile (top 25%) have a Return-on-Tangible-Equity significantly above this median, while those in the bottom quartile fall well below. However, Return-on-Tangible-Equity should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Aether Industries's current Return-on-Tangible-Equity of 10.27% is 74.7% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Return-on-Tangible-Equity mean?
A high Return-on-Tangible-Equity can signal that a stock is expensive relative to its fundamentals. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Aether Industries and its competitors. For the Chemicals industry, the median Return-on-Tangible-Equity is 5.88 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Aether Industries's current Return-on-Tangible-Equity is 10.27%, which is 63% below median its own 10-year median of 27.45. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Aether Industries stock overvalued right now?
Based on GuruFocus' analysis, Aether Industries (BOM:543534) is currently considered Fairly Valued. The stock's GF Value™ is ₹1,532.72, compared to a current price of ₹1,592.05 — trading 3.9% above its estimated fair value. The current Return-on-Tangible-Equity is 10.27%, which is 63% below median its 10-year median of 27.45 and 74.7% above the Chemicals industry median of 5.88. Aether Industries' overall GF Score™ is 84/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Return-on-Tangible-Equity calculated?
Return-on-Tangible-Equity is calculated from a company's financial statements. For Aether Industries (BOM:543534), the current Return-on-Tangible-Equity is 10.27% as of Jun. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Aether Industries (BOM:543534) Overvalued in 2026?
Based on GuruFocus' analysis, Aether Industries stock appears to be overvalued.
The current stock price of ₹1,592.05 is trading 3.9% above its estimated GF Value™ of ₹1,532.72.
GuruFocus considers Aether Industries to be Fairly Valued.
Key valuation signals for BOM:543534:
Return-on-Tangible-Equity: 10.27% (63% below median its 10-year median of 27.45)
GF Value™: ₹1,532.72 vs. price of ₹1,592.05 (3.9% above fair value)
Industry Position: 74.7% above the Chemicals median (#503 of 1570)
No single metric tells the full story. See the BOM:543534 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Aether Industries Ltd is a manufacturer of specialty chemicals. The products find application in the pharmaceutical, agrochemical, material science, coating, high-performance photography, additive, and oil and gas segments of the chemical industry. The company's reportable segments are Large-Scale Manufacturing which derives maximum revenue, Contract Manufacturing, and Contract Research and Manufacturing Services. Geographically, the company derives maximum revenue from its business in India and the rest from other countries.
84GF Score
Get the complete analysis for BOM:543534
Return-on-Tangible-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
BOM:543534 has been successfully added to your 
