Up 137% in 1 Year, Ace Investor Sunil Singhania Raises Stake in This Specialty Chemicals Stock, Aether Industries: Should You Buy Too?
- October 13, 2026
- Posted by: Harsh Piplani
- Category: News
Aether Industries: Abakkus Flexi Cap Fund (Sunil Singhania) held a 1.15% stake, about 15.32 lakh shares, as of Q2 FY27. Stock up 137% in a year per the headline. About Rs 1,748 on 9 Oct, P/E near 96.7, promoter holding 74.92%.
Quick Answer
Aether Industries, a Surat-based specialty chemicals company, has gained about 137% over the past year, and Sunil Singhania’s Abakkus Flexi Cap Fund has added a 1.15% stake of about 15.32 lakh shares in Q2 FY27. At Rs 1,748 the stake is worth about Rs 268 crore (my calculation), but the stock trades at a P/E near 96.7 with a ROCE of 11.9%, so much of the growth is already priced in. Choice Broking analyst Hitesh Tailor says the stock remains in an uptrend despite recent profit-taking. A fund’s stake is a snapshot and not a recommendation, so check the valuation, the results and your own risk limit before you buy.
Aether Industries has surged over the past year, and the latest shareholding data shows a well known fund manager’s scheme among its new holders. Sunil Singhania-backed Abakkus Flexi Cap Fund bought a 1.15% stake in the quarter, according to a review of the fund’s Q2 FY27 portfolio changes.
This guide covers what the stake means, how the stock has performed, the valuation and shareholding data, the quarterly results and the risks of buying after a 137% rise. Where I calculate a figure myself, I label it.
Investors who track the stock should read the stake news together with the price, the earnings and the debt.
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What the Abakkus Flexi Cap Fund Stake in Aether Industries Means
| Item | Detail |
|---|---|
| Fund | Abakkus Flexi Cap Fund, backed by Sunil Singhania |
| Stake in Aether Industries | 1.15%, about 15.32 lakh shares, added in Q2 FY27 |
| Approximate value at Rs 1,748 | About Rs 268 crore (my calculation: 15.32 lakh x Rs 1,748) |
| Implied shares in issue | About 13.3 crore (my calculation: 15.32 lakh / 1.15%) |
| Other changes in the same review | More Heritage Foods (about 0.5% more); Cyient DLM likely exited |
The fund’s holding is a new entry in the quarter, and a holding above 1% is shown by name in the shareholding pattern. A stake of this size is small for the company, so it does not change who controls Aether Industries.
The fund’s disclosure is a quarter-end snapshot. It shows what was bought, but it does not show the price paid, the target or the exit plan.
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Aether Industries Share Price, Returns and Valuation
| Metric | Value | Note |
|---|---|---|
| Price (9 Oct close) | About Rs 1,748 | Screener |
| Market capitalisation | About Rs 23,202 crore | Screener |
| Stock P/E | About 96.7 | Screener |
| ROCE and ROE | 11.9% and 9.66% | Screener |
| High and low in the data | Rs 1,814 and Rs 723 | Period not specified on the page |
| One year return | About 137% | Headline |
| Year to date return | Nearly 100% | Reported in the fund review |
A P/E near 96.7 means investors pay about Rs 96.70 for each rupee of trailing profit. That is a premium valuation for a specialty chemicals maker earning a ROCE of 11.9%, and it leaves little room for a miss. The stock is about 3.6% below the Rs 1,814 high (my calculation).
Risk: A stock that has risen 137% and trades near 97 times earnings can fall sharply if growth disappoints, even when a respected fund is a shareholder.
Aether Industries Quarterly Results and Shareholding
| Quarter | Sales (Rs crore) | Net profit (Rs crore) | EPS (Rs) |
|---|---|---|---|
| Sep 2025 | 280 | 54 | 4.07 |
| Dec 2025 | 319 | 64 | 4.86 |
| Mar 2026 | 305 | 54 | 4.07 |
| Jun 2026 | 327 | 63 | 4.73 |
Sales rose from Rs 280 crore to Rs 327 crore over four quarters, about 17% (my calculation), while quarterly profit stayed in a range of Rs 54 crore to Rs 64 crore. Profit growth has been slower than the share price rise.
| Holder | Share (Sep 2026) |
|---|---|
| Promoters | 74.92% |
| Foreign institutional investors | 8.49% |
| Domestic institutional investors | 9.69% |
Consolidated borrowings were Rs 458 crore in March 2026, up from Rs 200 crore a year earlier, so the company is investing with borrowed money. The promoter holding of 74.92% is high, which also limits the free float.
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Should You Buy Aether Industries After the Singhania Stake News?
Choice Broking’s Hitesh Tailor says the stock remains in an uptrend despite recent profit-taking. I could not find his price levels, so I have not quoted any. Use this checklist for your own decision.
- Compare the P/E near 96.7 with specialty chemical peers and with the profit growth you expect.
- Check whether new capacity and new products can lift the Rs 327 crore quarterly sales.
- Look at debt, which has more than doubled to Rs 458 crore.
- Decide the position size and a stop loss before you buy, and avoid buying all at once after a sharp rise.
- Remember that the fund’s stake is small and may be sold, as the Cyient DLM exit shows.
Risk: Following a fund manager’s purchase does not give you his price, his time frame or his risk limit.
What to Watch Next for Aether Industries
- Q2 FY27 results, due after the September quarter.
- The next shareholding pattern, to see whether Abakkus adds or trims.
- Capacity expansion and order announcements.
- Debt levels and ROCE.
Conclusion
Aether Industries has risen about 137% in a year, and the Abakkus Flexi Cap Fund stake of 1.15% adds a respected name to the shareholder list. The P/E near 96.7, the rising debt and a profit that has not grown as fast as the price are reasons for care. Verify the data in the filings and size any position to your risk limit.
Disclaimer: Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).
Frequently Asked Questions
Which fund bought a stake in Aether Industries?
Ans. Sunil Singhania’s Abakkus Flexi Cap Fund bought a 1.15% stake, about 15.32 lakh shares, in Q2 FY27, according to a review of the fund’s portfolio changes.
How much has Aether Industries returned in a year?
Ans. The stock has gained about 137% over the past year according to the headline, and nearly 100% year to date according to the fund review.
What is the value of the Abakkus stake in Aether Industries?
Ans. At about Rs 1,748 a share the 15.32 lakh shares are worth about Rs 268 crore (my calculation).
Is Aether Industries expensive?
Ans. The stock P/E is about 96.7 and ROCE is 11.9%. That is a premium valuation, so the price already assumes strong growth.
What are the latest quarterly results of Aether Industries?
Ans. In the June 2026 quarter sales were Rs 327 crore and net profit Rs 63 crore, with EPS of Rs 4.73.
Who owns Aether Industries?
Ans. In September 2026 promoters held 74.92%, foreign institutions 8.49% and domestic institutions 9.69%.
What does an analyst say about the stock?
Ans. Choice Broking’s Hitesh Tailor says the stock remains in an uptrend despite recent profit-taking. I could not verify the price levels he gave.
Should I buy Aether Industries after the stake news?
Ans. This article does not constitute investment advice. Consult a SEBI-registered financial advisor before you buy, sell or hold Aether Industries.
