Ather Energy Ltd
Incorporated in 2013, Ather Energy ltd is an Indian electric two-wheeler (E2W) company engaged in the design, development, and in-house assembly of electric scooters, battery packs, charging infrastructure, and supporting software systems[1]
- Market Cap ₹ 3.46 Cr.
- Current Price ₹ 302
- High / Low ₹ 333 / 299
- Stock P/E
- Book Value ₹
- Dividend Yield 0.00 %
- ROCE -69.0 %
- ROE -153 %
- Face Value ₹ 1.00
Pros
- Company has reduced debt.
Cons
- Company has low interest coverage ratio.
- Promoter holding has decreased over last quarter: -28.6%
- Company has a low return on equity of -162% over last 3 years.
- Company's cost of borrowing seems high
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Sector: Automobile Industry: Automobiles - Scooters And 3 - Wheelers
Quarterly Results
Figures in Rs. Crores
| Operating Profit |
| OPM % |
| Interest |
| Depreciation |
| Profit before tax |
| Tax % |
| EPS in Rs |
| Raw PDF |
Profit & Loss
Figures in Rs. Crores
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|
| 35 | 80 | 408 | 1,781 | 1,754 | |
| 220 | 257 | 670 | 2,488 | 2,438 | |
| Operating Profit | -185 | -177 | -261 | -708 | -685 |
| OPM % | -523% | -222% | -64% | -40% | -39% |
| 14 | 7 | 5 | 21 | -139 | |
| Interest | 24 | 28 | 40 | 65 | 89 |
| Depreciation | 25 | 35 | 48 | 113 | 147 |
| Profit before tax | -220 | -233 | -344 | -864 | -1,060 |
| Tax % | 0% | 0% | 0% | 0% | 0% |
| -220 | -233 | -344 | -864 | -1,060 | |
| EPS in Rs | -20,118.94 | -21,344.92 | -30,078.67 | -75,436.30 | -92,469.46 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 180% |
| TTM: | -2% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| TTM: | -2% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | % |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | -162% |
| Last Year: | -153% |
Balance Sheet
Figures in Rs. Crores
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|
| Equity Capital | 0.02 | 0.02 | 0.02 | 0.01 | 0.01 |
| Reserves | 250 | 376 | 224 | 613 | 545 |
| 132 | 219 | 299 | 672 | 478 | |
| 137 | 146 | 295 | 691 | 890 | |
| Total Liabilities | 518 | 741 | 818 | 1,977 | 1,914 |
| 178 | 307 | 334 | 544 | 459 | |
| CWIP | 104 | 47 | 93 | 37 | 71 |
| Investments | 39 | 92 | 37 | 286 | 292 |
| 198 | 295 | 354 | 1,109 | 1,092 | |
| Total Assets | 518 | 741 | 818 | 1,977 | 1,914 |
Cash Flows
Figures in Rs. Crores
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|
| -140 | -226 | -871 | -268 | ||
| -172 | 51 | -135 | 58 | ||
| 296 | 228 | 1,317 | 633 | ||
| Net Cash Flow | -16 | 52 | 311 | 423 |
Ratios
Figures in Rs. Crores
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|
| Debtor Days | 0 | 0 | 1 | 0 | 0 |
| Inventory Days | 79 | 226 | 58 | 59 | 26 |
| Days Payable | 47 | 269 | 116 | 88 | 90 |
| Cash Conversion Cycle | 32 | -43 | -57 | -29 | -64 |
| Working Capital Days | -227 | -102 | -34 | 43 | -59 |
| ROCE % | -42% | -55% | -88% | -69% |
Documents
Annual reports
No data available.
Leading Electric Manufacturer[1]
Headquartered in Bangalore, Ather energy is a pioneer in the Indian Electric Two-Wheeler (E2W) market. It designs and develops E2Ws, battery packs, charging infrastructure, software, and accessories. Ather manufactures battery packs and assembles E2Ws in-house, and operates on a vertically integrated, software-defined business model. As of 9M FY25, Ather is the 4th largest E2W manufacturer in India by sales volume.