Ather Energy

  • Market Cap: Small Cap
  • Industry: Automobiles
  • ISIN: INE0LEZ01016
  • NSEID: ATHERENERG
  • BSEID: 544397
INR
779.05
22.55 (2.98%)
BSENSE

Mar 25

BSE+NSE Vol: 31.08 lacs

  • Price Points
  • Score
  • Mojo Parameters
  • Total Return
  • News and Corporate Actions
  • Key factors
  • Shareholding
  • Financials
  • CompanyCV
stock-summaryPrice Point
High/Low

1Day

52 Week

Valuation
Technical
Day's Volume

CASH

31.08 lacs (-31.87%) Volume

Shareholding (Dec 2025)

FII

17.46%

Held by 84 FIIs

DII

9.79%

Held by 38 DIIs

Promoter

40.86%

Who are the top shareholders of the Ather Energy?

06-Jun-2025

The top shareholders of Ather Energy are Hero Motocorp Limited with 30.9% and Caladium Investment Pte Ltd with 10.88%. Most shares are held by promoters, with no mutual funds or foreign institutional investors currently involved.

The top shareholders of Ather Energy include Hero Motocorp Limited, which holds the largest stake at 30.9%. Following that, Caladium Investment Pte Ltd is the highest public shareholder with a holding of 10.88%. Additionally, the majority of the shares are held by promoters, although there are no mutual funds or foreign institutional investors currently holding shares in the company.

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Has Ather Energy declared dividend?

06-Jun-2025

No Dividend History Available

Is Ather Energy overvalued or undervalued?

09-Jun-2025

As of May 13, 2025, Ather Energy is considered risky and overvalued due to its negative PE ratio of -14.19, an EV to EBITDA of -20.20, and poor ROCE of -107.28%, especially when compared to peers like Bajaj Auto and Hero MotoCorp, while also underperforming against the Sensex.

As of 13 May 2025, Ather Energy's valuation grade has moved from does not qualify to risky, indicating a shift in perception regarding its financial health. The company appears to be overvalued given its negative PE ratio of -14.19, an EV to EBITDA of -20.20, and a troubling ROCE of -107.28%. <BR><BR>When compared to peers, Ather Energy's metrics stand out negatively; for instance, Bajaj Auto Ltd. has a PE ratio of 32.93, while Hero MotoCorp Ltd. boasts a much healthier EV to EBITDA of 13.27. The stark contrast in these ratios suggests that Ather Energy is not only underperforming but is also priced higher relative to its financial fundamentals. Additionally, the company's recent stock performance has lagged behind the Sensex, with a 1-week return of -1.26% compared to the Sensex's 1.36% gain, reinforcing the notion that Ather Energy is overvalued in the current market landscape.

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Who are the peers of the Ather Energy?

16-Jul-2025

Ather Energy's peers include Escorts Kubota, Force Motors, Ola Electric, and others, with varying management and growth risks. Ather Energy has below average management and capital structure, with its 1-year return data unavailable.

Peers: The peers of Ather Energy are Escorts Kubota, Force Motors, BEML Ltd, Ola Electric, Action Const.Eq., Olectra Greentec, Ajax Engineering, SML ISUZU, VST Till. Tract, and TIL.<BR><BR>Quality Snapshot: Excellent management risk is observed at Ajax Engineering, while Good management risk is found at Escorts Kubota and VST Till. Tract. Average management risk is present at Force Motors, BEML Ltd, Action Const.Eq., Olectra Greentec, and SML ISUZU, and the rest. Below Average management risk is noted for Ola Electric and Ather Energy. For Growth, Excellent growth is seen at Force Motors, Action Const.Eq., and Olectra Greentec, while Good growth is found at BEML Ltd and SML ISUZU, and the rest. Average growth is attributed to Ather Energy, while Below Average growth is noted for Ola Electric and TIL. In terms of Capital Structure, Excellent capital structure is observed at Escorts Kubota and Action Const.Eq., while Good capital structure is found at Olectra Greentec and Ajax Engineering, and the rest. Below Average capital structure is noted for Ather Energy.<BR><BR>Return Snapshot: The peer with the highest 1-year return is Force Motors at 102.46%, while Ola Electric has the lowest 1-year return, which is not available. Ather Energy's 1-year return is also not available, indicating a similar lack of data. Additionally, peers with negative six-month returns include Ola Electric, Action Const.Eq., and Olectra Greentec.

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What does Ather Energy do?

17-Jul-2025

Ather Energy Ltd is a mid-cap automobile company specializing in electric vehicles, with recent quarterly net sales of ₹6,761 Cr and a net loss of ₹2,344 Cr as of March 2025. The company has a market cap of ₹12,779 Cr and a debt-equity ratio of 0.42.

Overview: <BR>Ather Energy Ltd operates in the automobiles industry and is categorized as a mid-cap company.<BR><BR>History: <BR>The specific incorporation year and any status changes are not provided. The latest quarterly results reported are for March 2025, showing net sales and profit figures.<BR><BR>Financial Snapshot: <BR>Most recent Net Sales: 6,761 Cr (Quarterly Results - Mar 2025) <BR>Most recent Net Profit: -2,344 Cr (Quarterly Results - Mar 2025) <BR>Market-cap value: INR 12,779 Cr (Mid Cap)<BR><BR>Key Metrics: <BR>P/E: N/A <BR>Industry P/E: 33 <BR>Dividend Yield: 0.00% <BR>Debt-Equity: 0.42 <BR>Return on Equity: -164.77% <BR>Price to Book: 25.85<BR><BR>Contact Details: <BR>Details: No Company Details Available <BR>Registrar Address: Not available.

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How big is Ather Energy?

24-Jul-2025

As of 24th July, Ather Energy Ltd has a market capitalization of 12,500.00 Cr and reported Net Sales of 1,834.40 Cr with a Net Profit loss of 715.50 Cr over the latest four quarters.

As of 24th July, Ather Energy Ltd has a market capitalization of 12,500.00 Cr, categorizing it as a Mid Cap company.<BR><BR>In the latest four quarters, Ather Energy reported Net Sales of 1,834.40 Cr. However, the company experienced a loss of 715.50 Cr in Net Profit during the same period.<BR><BR>The latest annual period for the balance sheet is March 2022, where Shareholder's Funds were recorded at 224.90 Cr and Total Assets amounted to 818.50 Cr.

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How has been the historical performance of Ather Energy?

04-Aug-2025

Ather Energy's historical performance shows fluctuating financial metrics, with net sales increasing to 2,255 Cr in March 2025, while net profit remained negative at -812.30 Cr, though losses improved from the previous year. Key metrics like operating profit margin and EPS also showed recovery, indicating a positive trend despite ongoing challenges.

Answer:<BR>The historical performance of Ather Energy shows significant fluctuations in its financial metrics over the years.<BR><BR>Breakdown:<BR>In the standalone annual results for March 2025, Ather Energy reported net sales of 2,255.00 Cr, an increase from 1,753.80 Cr in March 2024. However, the total expenditure also rose to 2,835.90 Cr from 2,438.50 Cr, leading to an operating profit (PBDIT) of -530.70 Cr, which improved from -649.40 Cr the previous year. The profit before tax showed a similar trend, with a loss of -812.30 Cr in March 2025 compared to -1,059.70 Cr in March 2024. Despite these improvements, the net profit remained negative at -812.30 Cr, although it was less severe than the previous year's loss. The earnings per share (EPS) reflected this trend, with a loss of -27.91 in March 2025, a significant recovery from -105970.0 in March 2024. The operating profit margin also improved to -25.76% from -39.04%, and the profit after tax margin improved to -36.02% from -60.42%. On the balance sheet, total liabilities increased to 818.50 Cr in March 2022 from 741.30 Cr in March 2021, while total assets also rose to 818.50 Cr from 741.30 Cr. The cash flow results indicate a net cash inflow of 423.00 Cr in March 2024, up from 311.00 Cr in March 2023, reflecting a positive trend in cash management.

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When is the next results date for Ather Energy?

04-Nov-2025

The next results date for Ather Energy is 10 November 2025.

The next results date for Ather Energy is scheduled for 10 November 2025.

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Are Ather Energy Ltd latest results good or bad?

03-Feb-2026

Ather Energy Ltd's latest results show improvement, with a reduced net loss of ₹84.60 crores and a 50.20% revenue growth year-on-year, indicating strong demand for its electric scooters. However, ongoing cumulative losses and cash burn raise concerns about its financial sustainability and path to profitability.

Ather Energy Ltd's latest results present a mixed picture. On one hand, the company reported a net loss of ₹84.60 crores for Q3 FY26, which, while still a loss, shows a significant improvement of 45.10% compared to the previous quarter's loss of ₹154.10 crores. This indicates that the company is making progress in narrowing its losses.<BR><BR>Additionally, Ather Energy achieved a remarkable revenue growth of 50.20% year-on-year, with net sales reaching ₹953.60 crores. This growth reflects strong demand for its electric scooters and an expanding distribution network. The operating margin also improved significantly, narrowing to -7.55% from -14.74% in the previous quarter, marking the best performance since the company's inception.<BR><BR>Despite these positive developments, the company continues to face challenges, including cumulative losses exceeding ₹800 crores and ongoing cash burn, which raises concerns about its financial sustainability without further capital infusions. The return on equity remains at 0.0%, and the company is still not profitable.<BR><BR>In summary, while Ather Energy's operational metrics show improvement and strong revenue growth, the persistent losses and cash burn present significant challenges. The results can be seen as a step in the right direction, but the path to profitability remains uncertain.

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Should I buy, sell or hold Ather Energy Ltd?

03-Mar-2026

Why is Ather Energy Ltd falling/rising?

17-Mar-2026

As of 16-Mar, Ather Energy Ltd's stock price is currently Rs 712.85, reflecting a 1.0% increase and outperforming the market over the past week. Despite positive short-term indicators and increased investor interest, the company faces challenges such as operating losses and weak long-term fundamentals.

As of 16-Mar, Ather Energy Ltd's stock price is rising, currently at Rs 712.85, reflecting a change of 7.05 (1.0%) upward. The stock has shown a positive performance over the past week, increasing by 4.64%, while the benchmark Sensex has declined by 2.66%. This indicates that Ather Energy is outperforming the market in the short term.<BR><BR>Today's trading session saw the stock reach an intraday high of Rs 723, which is a 2.44% increase, although it also experienced a low of Rs 684.1, a decrease of 3.07%. The weighted average price suggests that more volume was traded closer to the lower price, indicating some selling pressure. However, the stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, which is a positive technical indicator.<BR><BR>Investor participation has increased significantly, with delivery volume rising by 72.95% compared to the 5-day average, suggesting growing interest in the stock. Additionally, Ather Energy has high institutional holdings at 45.56%, which may provide a level of confidence among investors due to these institutions' ability to analyze the company's fundamentals.<BR><BR>Despite these positive indicators, it is important to note that the company is facing challenges, including operating losses and a weak long-term fundamental strength, which could impact future performance. However, the current rise in stock price can be attributed to short-term trading dynamics and increased investor interest.

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iScoreScore
Click here to find our call on this stock
Strong Sell
Sell
Hold
Buy
Strong Buy

Dashboard

1

With a Operating Losses, the company has a Weak Long Term Fundamental Strength

  • Poor long term growth as Operating profit has grown by an annual rate 9.56% of over the last 5 years
  • Low ability to service debt as the company has a high Debt to EBITDA ratio of -1.00 times
2

Risky - Negative EBITDA

stock-summaryMojo Parameters

Mojo Parameters

Loading Valuation Snapshot...

Stock DNA

stock-summary
Industry

Automobiles

stock-summary
Market cap

INR 29,651 Cr (Small Cap)

stock-summary
P/E

NA (Loss Making)

stock-summary
Industry P/E

31

stock-summary
Dividend Yield

0.00%

stock-summary
Debt Equity

0.42

stock-summary
Return on Equity

-164.77%

stock-summary
Price to Book

58.56

Revenue and Profits:
Net Sales:
954 Cr
(Quarterly Results - Dec 2025)
Net Profit:
-85 Cr
stock-summaryTotal Returns
Total Returns (Price + Dividend) stock-summary
Dividend Yield (0%)
TimePeriod
Price Return
Dividend Return
Total Return
3 Months
8.01%
0%
8.01%
6 Months
39.89%
0%
39.89%
1 Year
0%
0%
0.0%
2 Years
0%
0%
0.0%
3 Years
0%
0%
0.0%
4 Years
0%
0%
0.0%
5 Years
0%
0%
0.0%

Ather Energy for the last several years.

Risk Adjusted Returns v/s stock-summary
Returns Beta
Icon
Beta has not been calculated since enough price history is not available
stock-summaryNews & Corporate Actions

Announcements stock-summary

Press Release

17-Mar-2026 | Source : BSE

Please find enclosed press release titled Ather Energy Doubles its Service Network in a year Expands to 500 Centres Across India.

Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation

03-Mar-2026 | Source : BSE

Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015 we would like to inform you that the Company will be participating in the investors / analysts meetings.

Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPS

27-Feb-2026 | Source : BSE

With reference to the captioned subject we wish to inform that the Board of Directors of Ather Energy Limited (the Company) have vide circular resolution passed on February 27 2026 allotted 40735 equity shares of face value of Rs. 1/- each to eligible ESOP holders who have exercised their stock options under Ather Energy ESOP 2025 Plan.

Corporate Actions stock-summary

stock-summary
BOARD MEETING

No Upcoming Board Meetings

stock-summary
DIVIDEND

No Dividend history available

stock-summary
SPLITS

No Splits history available

stock-summary
BONUS

No Bonus history available

stock-summary
RIGHTS

No Rights history available

stock-summaryKey Factors

Quality key factors stock-summary

Factor
Value
Sales Growth (5y)
28.60%
EBIT Growth (5y)
9.56%
EBIT to Interest (avg)
-8.07
Debt to EBITDA (avg)
Negative Net Debt
Net Debt to Equity (avg)
0.42
Sales to Capital Employed (avg)
1.87
Tax Ratio
0
Dividend Payout Ratio
0
Pledged Shares
0
Institutional Holding
45.56%
ROCE (avg)
-200.22%
ROE (avg)
0

Valuation key factors

Factor
Value
P/E Ratio
NA (Loss Making)
Industry P/E
31
Price to Book Value
60.42
EV to EBIT
-39.89
EV to EBITDA
-51.64
EV to Capital Employed
42.80
EV to Sales
13.30
PEG Ratio
NA
Dividend Yield
NA
ROCE (Latest)
-107.28%
ROE (Latest)
-164.77%

Technicals key factors

Indicator
Weekly
Monthly
MACD
Mildly Bearish
RSI
No Signal
Bollinger Bands
Mildly Bullish
Moving Averages
Bullish (Daily)
KST
Bullish
Dow Theory
No Trend
Bullish
OBV
No Trend
Bullish
stock-summary Technical Indicator Scale: Bearish, Mildly Bearish, Sideways, Mildly Bullish, Bullish  Turned 
stock-summaryShareholding
Shareholding Snapshot : Dec 2025stock-summary
Shareholding Compare (%holding) stock-summary
Majority shareholders

Promoters

Pledged Promoter Holdings

None

Mutual Funds

Held by 27 Schemes (18.04%)

FIIs

Held by 84 FIIs (17.46%)

Promoter with highest holding

Hero Motocorp Limited (30.14%)

Highest Public shareholder

Caladium Investment Pte Ltd (9.27%)

Individual Investors Holdings

11.28%

stock-summaryFinancial
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    "header": "Quarterly Results Snapshot (Standalone) - Dec'25 - QoQ",
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        "prefix": "Net Sales ",
        "suffix": "QoQ Growth in quarter ended Dec 2025 is 6.09% vs 39.45% in Sep 2025",
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        "Sep'25",
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          "field": "Operating Profit (PBDIT) excl Other Income",
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          "val2": "-132.50",
          "chgp": "45.66%",
          "chgp_class": "positive"
        },
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          "field": "Interest",
          "val1": "19.30",
          "val2": "20.80",
          "chgp": "-7.21%",
          "chgp_class": "positive"
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          "field": "Exceptional Items",
          "val1": "-5.00",
          "val2": "0.00",
          "chgp": "",
          "chgp_class": "neutral"
        },
        {
          "field": "Standalone Net Profit",
          "val1": "-84.60",
          "val2": "-154.10",
          "chgp": "45.10%",
          "chgp_class": "positive"
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        {
          "field": "Operating Profit Margin (Excl OI)",
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  {
    "link": "half-yearly",
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    "alert": "No Half Yearly Results declared by Ather Energy"
  },
  {
    "link": "nine-monthly",
    "btn_text": "All Nine Monthly Results",
    "alert": "No Nine Monthly Results declared by Ather Energy"
  },
  {
    "link": "annual",
    "btn_text": "All Annual Results",
    "alert": "No Annual Results declared by Ather Energy"
  }
]

Quarterly Results Snapshot (Standalone) - Dec'25 - QoQstock-summary

Dec'25
Sep'25
Change(%)
Net Sales
953.60
898.90
6.09%
Operating Profit (PBDIT) excl Other Income
-72.00
-132.50
45.66%
Interest
19.30
20.80
-7.21%
Exceptional Items
-5.00
0.00
Standalone Net Profit
-84.60
-154.10
45.10%
Operating Profit Margin (Excl OI)
-7.55%
-14.74%
7.19%
Values in Rs Cr.
Direction Arrows
Net Sales

QoQ Growth in quarter ended Dec 2025 is 6.09% vs 39.45% in Sep 2025

Direction Arrows
Standalone Net Profit

QoQ Growth in quarter ended Dec 2025 is 45.10% vs 13.52% in Sep 2025

stock-summaryCompany CV
About Ather Energy Ltd stock-summary
stock-summary
Ather Energy Ltd
Small Cap
Automobiles
Ather Energy Limited was originally incorporated as "Ather Energy Private Limited" dated October 21, 2013, issued by the Registrar of Companies, Tamil Nadu, Chennai. Upon the conversion of Company into a Public Limited, the name was changed to "Ather Energy Limited", and a fresh certificate of incorporation dated August 27, 2024 was issued by the Registrar of Companies, Central Processing Centre. Ather Energy has been a pioneer in the Indian electric two-wheeler (E2W) market.
Company Coordinates stock-summary
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No Company Details Available