Ather Energy Limited
₹1,755.05+₹96.05 (+5.8%)
Last close · Data as of Oct 30, 2026
- Market cap
- ₹24,950 Cr
- EV / EBITDA
- -30.6x
- Revenue
- ₹2,255 Cr
- Net margin
- -60.4%
- ROCE
- -67.0%
Price chart
Technical chartScreen technicals →+148.0% over the last year
Daily closes.
Go deeper
Technical chart: candles, 9 moving averages, RSI, MACD and drawing tools
Performance
Price change over each period, before dividends.
- 1M
- +23.1%
- 3M
- +41.4%
- 6M
- +87.8%
- 1Y
- +148.0%
- 5Y
- +485.6%
52-week range
Day change +₹96.05 (+5.8%) from ₹1,659 to ₹1,755 · Last close Oct 30, 2026
Best weekday to invest, historically
The same weekly amount in ATHERENERG, bought on each weekday since 2025.
AI Summary
Indian StockStrengths1
- Strong 5-year revenue CAGR of 118.8%
Concerns1
- Negative free cash flow (₹821 Cr)
Rule-based from financial data. Not advice.
About the company
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 and accessories. The company was incorporated in 2013 and is headquartered in Bengaluru, India.
- Sector
- Automobiles & Components
- Shares outstanding
- 38.2 Cr shares
- ISIN
- INE0LEZ01016
- BSE code
- 544397
Key statistics
Screen fundamentals →Valuation, profitability, growth and solvency at the latest close; hover a label for its meaning.
Valuation
- Market cap
- ₹24,950 Cr
- P/B
- 9.1x
- EV / EBITDA
- -30.6x
- EV / Sales
- 14.4x
- P/S
- 14.2x
- 52-week high
- ₹1,755.05
- 52-week low
- ₹601.35
Profitability
- Operating margin
- -39.1%
- Net margin
- -60.4%
- EBITDA margin
- -47.0%
- ROE
- -194.5%
- ROCE
- -67.0%
- ROA
- -55.4%
- Dividend payout
- 0.0%
- Tax rate
- 0.0%
- Other income, % of PBT
- 13.1%
Growth
- RevenueLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- ₹2,255 Cr
- Revenue growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 28.6%
- Revenue CAGR, 5YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 118.8%
- EBITDALatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- -₹824 Cr
- EBITDA growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- -19.9%
- Net profit growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- -23.4%
- Cash from operationsLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- -₹268 Cr
- CFO growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- -69.2%
- Free cash flowLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- -₹118 Cr
- Asset growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- -3.2%
Solvency and efficiency
- Current ratio
- 1.56
- Debt / Equity
- 0.88
- Debt / Assets
- 0.25
- Debt / EBITDA
- -0.58
- Financial leverage
- 3.51
- CFO / Net profit
- 0.25
- Cash / Market cap
- 4.4%
- Cash per share
- ₹28.58
- Asset turnover
- 0.92
- Fixed asset turnover
- 3.82
- Capital intensity
- 0.26
- Debtor days
- 0 days
- Inventory turnover
- 14.04
- Cash conversion cycle
- -64 days
Where the revenue went
FY2025 ended in a loss, so the lines are listed rather than drawn as a flow.
| Line | FY2025 |
|---|---|
| Sales | ₹2,255 Cr |
| Expenses | ₹2,836 Cr |
| Operating profit | -₹581 Cr |
| Other income | ₹50 Cr |
| Interest | ₹111 Cr |
| Depreciation | ₹171 Cr |
| Profit before tax | -₹812 Cr |
| Tax and other | ₹0 Cr |
| Net profit | -₹812 Cr |
Revenue and net profit
Revenue grew 28.6% in FY2025; net profit is the dashed line.
| Date | Revenue | Net profit |
|---|---|---|
| FY2021 | ₹80 Cr | -₹233 Cr |
| FY2022 | ₹408 Cr | -₹344 Cr |
| FY2023 | ₹1,781 Cr | -₹864 Cr |
| FY2024 | ₹1,754 Cr | -₹1,060 Cr |
| FY2025 | ₹2,255 Cr | -₹812 Cr |
Cash flows
FY2025: -₹721 Cr from operations, -₹821 Cr free after investment (dashed).
| Date | Operating cash flow | Free cash flow |
|---|---|---|
| FY2021 | -₹140 Cr | -₹312 Cr |
| FY2022 | -₹226 Cr | -₹175 Cr |
| FY2023 | -₹871 Cr | -₹1,006 Cr |
| FY2024 | -₹268 Cr | -₹210 Cr |
| FY2025 | -₹721 Cr | -₹821 Cr |
Growth
Latest fiscal year FY2025 (ending March): each figure with its change over the year before.
- Revenue
- ₹2,255 Cr+28.6%1Y
- Net profit
- -₹812 Cr
- Cash from operations
- -₹721 Cr
- Free cash flow
- -₹821 Cr
- Revenue CAGR, 5Y
- 118.8%
| Year | Revenue | Operating income | EBITDA | Net profit | CFO | FCF | ROE | Revenue growth 1Y | Net profit growth 1Y |
|---|---|---|---|---|---|---|---|---|---|
| FY2025 | ₹2,255 Cr | -₹581 Cr | — | -₹812 Cr | -₹721 Cr | -₹821 Cr | -164.7% | +28.6% | -23.4% |
Monthly returns
Month-by-month returns of ATHERENERG across the years, with the seasonal pattern.
Balance sheet
What the company owns and owes at the end of FY2025.
| Line | FY2025 |
|---|---|
| Liabilities and equity | ₹2,101 Cr |
| Equity capital | ₹29 Cr |
| Reserves | ₹464 Cr |
| Borrowings | ₹619 Cr |
| Other liabilities | ₹988 Cr |
| Assets | ₹2,101 Cr |
| Fixed assets | ₹616 Cr |
| Capital work in progress | ₹122 Cr |
| Investments | ₹41 Cr |
| Other assets | ₹1,322 Cr |
Market cap against peers
8 peers: same sector group, nearest by size.
P/E against peers
ATHERENERG has no positive P/E; the peer median is 34.8x.
Not shown (no positive earnings and no EV / Sales): Ather Energy Limited.
Peer comparison
Same-sector peers by market cap, with the median.
| Company | Market cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|
| Ather Energy LimitedATHERENERGthis company | ₹24,950 Cr | — | 9.1x | -194.5% | -30.6x |
| Motherson Sumi Wiring India LimitedMSUMI | ₹30,320 Cr | 49.4x | 16.4x | 38.0% | 29.5x |
| Exide Industries Ltd.EXIDEIND | ₹29,410 Cr | 28.3x | 1.9x | 8.0% | 14.7x |
| Sona BLW Precision Forgings LimitedSONACOMS | ₹28,406 Cr | 47.9x | 5.1x | 18.8% | 33.3x |
| ZF Commercial Vehicle Control Systems India LimitedZFCVINDIA | ₹26,851 Cr | 56.3x | 7.9x | 14.5% | 40.0x |
| Force Motors LimitedFORCEMOT | ₹26,491 Cr | 32.4x | 7.4x | 17.3% | 28.1x |
| Aegis Logistics Ltd.AEGISLOG | ₹25,428 Cr | 48.2x | 9.2x | 17.3% | 45.8x |
| Asahi India Glass Ltd.ASAHIINDIA | ₹24,510 Cr | 88.6x | 6.4x | 13.9% | 34.7x |
| Tenneco Clean Air India LimitedTENNIND | ₹21,568 Cr | 18.4x | — | 72.8% | 53.1x |
| Peer median | — | 34.8x | 5.2x | 16.1% | 21.0x |
Year-to-date ROI
ATHERENERG since 1 January, against earlier years.
Historical volatility
ATHERENERG's day-to-day swings over 30, 60 and 180 days.
Financial statements
Income statement, balance sheet and cash flow as reported, in ₹ crore, grouped into plain-language lines.
Figures in ₹ crore as reported, fiscal years ending March, newest first; the trailing twelve months (TTM) last.
Operating margin by fiscal year
| Date | Operating margin |
|---|---|
| FY2021 | -222.0% |
| FY2022 | -64.0% |
| FY2023 | -40.0% |
| FY2024 | -39.0% |
| FY2025 | -26.0% |
| Line | FY2025 |
|---|---|
| RevenueSales | ₹2,255 Cr |
| Costs | |
| Interest | ₹111 Cr |
| Expenses | ₹2,836 Cr |
| Operating profitOperating Profit | -₹581 Cr |
| Other income and charges | |
| Profit before tax | -₹812 Cr |
| Tax | |
| Net profitNet Profit | -₹812 Cr |
| Per share |
| Line | FY2025 |
|---|---|
| Liabilities and equityTotal Liabilities | ₹2,101 Cr |
| Equity capitalEquity Capital | ₹29 Cr |
| Reserves | ₹464 Cr |
| Borrowings | ₹619 Cr |
| Other liabilitiesOther Liabilities | ₹988 Cr |
| AssetsTotal Assets | ₹2,101 Cr |
| Fixed assetsFixed Assets | ₹616 Cr |
| Capital work in progressCWIP | ₹122 Cr |
| Investments | ₹41 Cr |
| Other assetsOther Assets | ₹1,322 Cr |
| Line | FY2025 |
|---|---|
| Operating cash flowCash from Operating Activity | -₹721 Cr |
| Investing cash flowCash from Investing Activity | -₹100 Cr |
| Financing cash flowCash from Financing Activity | ₹703 Cr |
| Change in cashNet Cash Flow | -₹118 Cr |
Learn while you research
Academy chapters picked for Ather Energy Limited and the metrics on this page.
- 01 Taxes on Investments (India)LTCG, STCG, dividend tax, what every Indian investor needs.6 min read
- 02 Stock Valuation BasicsHow to think about what a fair price for a stock looks like.7 min read
- 03 Growth Investing29% revenue growth is in the top tier, learn how to value growth.7 min read
- 04 Stock Market RisksSmall caps carry concentrated, idiosyncratic risk, learn to manage it.6 min read
- 05 Sectors & IndustriesHow to classify and compare companies across sectors.6 min read
- 06 Essential Stock RatiosP/E, P/B, EV/EBITDA, what they mean and when to use each.7 min read