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As of 6 Nov 2026, Ather Energy is loss-making on a trailing 12-month basis, with a net loss of ₹235 Cr, so it has no P/E ratio. The share price is ₹1,821.70, close to its 52-week high. Sales grew 27% a year over 3 years. Debt is 0.22× equity. It is a mid-cap company with a market cap of ₹72,270 Cr, ranked 10th of 20 Auto Manufacturers companies by market cap; the shares rose 167% over the past year.

As of 6 Nov 2026Prices are delayed about 15 minutes; fundamentals are from the quarter ended Sep 2026.How we calculate this

past year
Open
₹1,776.20
Day high
₹1,823.80
Day low
₹1,752.00
Prev. close
₹1,778.60
Volume
23.5 L

Health check

1 good · 5 to check
  • ReturnsAhead

    +166.6% over a year, better than 7 of 7 peers.

  • Price tagLoss-making

    Earnings were negative over the last 12 months.

  • GrowthUnder pressure

    Sales +27.2% a year over 3 years, but loss-making now.

  • ProfitabilityNegative

    ROCE -13.4% vs peer median 26.1%.

  • Balance sheetStretched

    Debt 0.22× equity, operating profit doesn’t cover interest, Piotroski 5 of 9.

  • Red flags3 to check

    Loss-making over the last twelve months.

Compared with 7 industry peers. Computed from reported figures. Educational, not a recommendation.

Auto Manufacturers

19 listed peers. Screen the industry

Mid cap

₹72,270 Cr, #10 of 20 in its industry by size.

Market sensitivity

Measuring against the NIFTY 50…

Key metrics

Last 12 months to Sep 2026: sales ₹4,809 Cr · profit ₹−235 Cr
Market cap
₹72,270 Cr
Mid cap
P/E
n/a
Industry 33.1
Price to book
17.85
Peers 8.38
Dividend yield
0.00%
ROE
−6.7%
Peers 24.1%
ROCE
−13.4%
Peers 26.1%
Debt to equity
0.22
Debt ₹962 Cr
EPS (TTM)
−₹6.12
Face value ₹1
OPM (TTM)
−3.4%
Net margin −4.9%
Sales growth
+62.9%
Latest quarter vs a year ago
Profit growth
n/a
Year-ago quarter not reported
Price to sales
15.03
EV/EBITDA −280.2

Strengths and risks

Strengths

  • Quarterly sales up 62.9% on a year ago.
  • Promoter stake up from 40.9% to 42.3%.

Risks to check

  • Loss-making over the last twelve months.
  • Return on equity is low at −6.7%.
  • Interest coverage of only −5.7×.

Derived automatically from reported figures. Not a recommendation.

About Ather Energy

Ather Energy Limited, an electric vehicle company, engages in the design, development, and sale of electric two-wheelers, and associated product ecosystem. The company also offers vehicle architecture and chassis; battery packs and battery management system; vehicle control unit; touchscreen dashboard; motor controller; transmission; signal harness; and fast charging system. In addition, it provides charging infrastructure, software, accessories and…

Headquarters
Bengaluru
Sector
Consumer Cyclical
ISIN
INE0LEZ01016
Website
atherenergy.com

Price range

52 weeks

₹589.00₹1,840.00

Today

₹1,752.00₹1,823.80
Avg volume (3M)
41.6 L
1-year return
plus 166.6%
From 52-week high
minus 1.0%

Analyst consensus

12 analysts
Strong buyMean target ₹1,776.17 minus 2.5%

The mean target is below today’s price.

Target range, with today’s price

Low ₹1,010.00High ₹2,250.00

Consensus from Yahoo Finance. Not a recommendation.

Peers · Auto Manufacturers

Compare with peersScreen the whole industry
Company
MARUTIMaruti Suzuki India12,750.00plus 0.77%4,00,86329.83.6817.2%12.9%10.2%15.9%21.1%1.10%minus 17.7%
M&MMahindra & Mahindra3,287.20plus 5.11%3,94,71519.03.7517.1%20.1%18.2%17.5%18.5%1.00%minus 12.7%
BAJAJ-AUTOBajaj Auto10,900.00plus 1.32%2,99,53623.38.2126.1%35.6%21.0%19.5%21.0%1.38%plus 22.9%
TVSMOTORTVS Motor Company4,491.70plus 0.94%2,13,45755.818.8128.8%37.2%14.5%20.2%31.4%0.27%plus 28.1%
EICHERMOTEicher Motors7,669.50minus 0.56%2,10,54436.58.3826.4%23.8%25.2%17.5%23.7%1.07%plus 11.3%
HYUNDAIHyundai Motor India2,130.00plus 0.42%1,73,07137.88.5032.6%24.1%10.3%5.5%4.9%0.99%minus 11.4%
TMCVTata Motors425.50minus 0.83%1,56,70424.810.2625.5%26.0%10.4%––0.94%plus 29.2%
ATHERENERGAther Energy1,821.70plus 2.42%72,270–17.85−13.4%−6.7%−3.4%27.2%–0.00%plus 166.6%
Median of 7 peers–0.77%2,13,45729.88.3826.1%24.1%14.5%17.5%21.1%1.00%11.3%

Quarterly results

Consolidated, ₹ crore
SalesSelect a row below to chart it
₹ CrSep 25Dec 25Mar 26Jun 26Sep 26
8999541,1751,2171,464
1,0311,0261,2441,2501,453
−133−72−69.6−33.311.5
−14.7%−7.6%−5.9%−2.7%0.8%
41.842.139.142.762.7
20.819.31821.626
42.530.451.83946.9
–−5–––
−154−84.6−100−51.11.3
−154−84.6−100−51.11.3
-4.11-2.22-2.62-1.330.03

Profit & loss

Yearly, ₹ crore
Sales CAGR 3Y
+27.2%
ROE
−6.7%
Net profitSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
1,7801,7512,2513,663
–minus 1.6%+28.5%+62.7%
2,4752,4302,8204,063
−695−679−569−401
−39.1%−38.8%−25.3%−10.9%
4.416.613.3115
638610670.5
113147171173
1.9−16520.812
−865−1,060−812−517
−865−1,060−812−517
-23.21-28.45-21.81-13.99

Forecast

Your assumptions, not a prediction

Balance sheet

At each financial year end, ₹ crore
Total assetsSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
0.60.829.138.3
6135444642,534
672478619664
6928919881,485
1,9771,9142,1014,722
371351526750
4.914.814.6224
–––44.8
3696553442,454
1,2328931,2161,248
1,9771,9142,1014,722

Cash flow

Yearly, ₹ crore
Cash from operationsSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
−871−268−72131.9
−135−228−378−2,527
1,3176337032,497
311138−3961.9
−132−116−339−506
−1,003−384−1,060−474

Shareholding pattern

Source: NSE filings
42.3%
promoters
  • Promoters42.33%
  • Public57.67%
  • As of 30 Sep 2026
QuarterSplitPromotersPublicPromoter change
30 Sep 202642.33%57.67%plus 2.75
20 Jul 202639.58%60.42%minus 1.14
30 Jun 202640.72%59.28%minus 0.05
31 Mar 202640.77%59.23%minus 0.09
31 Dec 202540.86%59.14%–

Major shareholders

NSE filing

Filings & events

News

No recent news coverage found.

My notes

Private to you