Ather Energy vs Ola Electric: share price, P/E, ROE and financials compared
Ather Energy
Ola Electric Mobility
Ather Energy and Ola Electric at a glance
Ather Energy and Ola Electric are both listed in Automobile and Auto Components. Ather Energy is the larger by market cap, at ₹72,270 Cr against ₹16,383 Cr for Ola Electric (4.4 times as large). On valuation, Ola Electric has the lower price-to-book (4.52× against 17.85×). On returns and margins, Ather Energy has the higher operating margin (−3.4% against −47.3%). Over three years, Ather Energy has faster 3-year sales growth (+27.2% against −7.5% a year). Ather Energy carries less debt for its equity, with a debt-to-equity of 0.22× against 0.82×.
Key metrics, side by side
| Metric | Ather EnergyATHERENERG | Ola ElectricOLAELEC |
|---|---|---|
| Price (₹) | 1,821.70 | 34.21 |
| Market cap (₹ Cr) | 72,270 | 16,383 |
| P/E | – | – |
| P/B | 17.85× | 4.52× (the lower figure, shaded) |
| Dividend yield, trailing | 0.00% | 0.00% |
| ROE | −6.7% | −43.2% |
| ROCE | −13.4% | −29.7% |
| Operating margin (OPM) | −3.4% (the higher figure, shaded) | −47.3% |
| Net margin (NPM) | −4.9% | −92.6% |
| Sales CAGR 3Y | +27.2% (the higher figure, shaded) | −7.5% |
| Profit CAGR 3Y | – | – |
| Debt to equity | 0.22× (the lower figure, shaded) | 0.82× |
| Interest cover | −6.3× | −4.1× (the higher figure, shaded) |
| Net profit TTM (₹ Cr) | −235 | – |
| 1Y return | +166.6% (the higher figure, shaded) | −29.9% |
| Promoter holding | 42.33% | 32.97% |
Ather Energy vs Ola Electric: common questions
Which is bigger, Ather Energy or Ola Electric?
By market cap, Ather Energy is bigger at ₹72,270 Cr, against ₹16,383 Cr for Ola Electric (prices as of 6 Nov 2026).
Which has a higher ROE, Ather Energy or Ola Electric?
Ather Energy reports a return on equity of −6.7% and Ola Electric −43.2%. Ather Energy’s ROE isn’t ranked because it is loss-making. Ola Electric’s ROE isn’t ranked because it is loss-making. ROE is net profit as a share of shareholders’ equity.
Which is growing faster, Ather Energy or Ola Electric?
Over the last three years: Sales grew +27.2% a year at Ather Energy and −7.5% at Ola Electric, so Ather Energy grew sales faster. Past growth doesn’t predict future growth.