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 ₹ 76,166 Cr.
- Current Price ₹ 1,923
- High / Low ₹ 1,928 / 589
- Stock P/E
- Book Value ₹ 108
- Dividend Yield 0.00 %
- ROCE %
- ROE -19.9 %
- Face Value ₹ 1.00
Pros
- Promoter holding has increased by 1.61% over last quarter.
Cons
- Stock is trading at 17.8 times its book value
- Company has low interest coverage ratio.
* 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.
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2026 | |
|---|---|
| 3,672 | |
| Sales growth | |
| 4,080 | |
| Operating Profit | -408 |
| OPM % | -11% |
| 146 | |
| Interest | 82 |
| Depreciation | 173 |
| Profit before tax | -517 |
| Tax % | 0% |
| -517 | |
| EPS in Rs | -13.51 |
| Dividend Payout % | 0% |
| Compounded Sales Growth | |
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| 1 Year: | 206% |
| Return on Equity | |
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| Last Year: | -20% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2026 | Sep 2026 | |
|---|---|---|
| Equity Capital | 38 | 40 |
| Reserves | 2,534 | 4,246 |
| 664 | 962 | |
| 1,485 | 1,705 | |
| Total Liabilities | 4,722 | 6,953 |
| 865 | 988 | |
| CWIP | 103 | 472 |
| Investments | 552 | 1,129 |
| 3,202 | 4,364 | |
| Total Assets | 4,722 | 6,953 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2026 | |
|---|---|
| Net Cash Flow | |
| Free Cash Flow | |
| CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit |
Ratios
Consolidated / View Standalone
| Mar 2026 | |
|---|---|
| Debtor Days | 1 |
| Inventory Days | 35 |
| Days Payable | 105 |
| Cash Conversion Cycle | -68 |
| Working Capital Days | 115 |
| ROCE % |
Insights
In beta| Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|
| Ather Grid Charging Points charging points ・Standalone data |
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| E2W Market Share (Pan-India) % ・Standalone data |
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| Experience Centers (Retail Stores) stores ・Standalone data |
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| Service Centers centers ・Standalone data |
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| Units Sold (Wholesale) units ・Standalone data |
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| AtherStack Pro Attach Rate % ・Standalone data |
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Extracted by Screener AI
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
- Ather Energy will attend investor and analyst meetings from November 12 to December 9, 2026.
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Announcement under Regulation 30 (LODR)-Earnings Call Transcript
- Pursuant to Regulation 30 of the SEBI (LODR) Regulations, 2015 and in furtherance of to our earlier letter dated ....
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Announcement under Regulation 30 (LODR)-Newspaper Publication
- Copies of the newspaper advertisement pertaining to the Unaudited Standalone and Consolidated ....
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Announcement under Regulation 30 (LODR)-Monitoring Agency Report
- CARE reports no deviation in IPO and QIP proceeds; Factory 3.0 production now expected by December 2026.
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
- Audio recording of Q2 FY27 earnings call for quarter and half year ended September 30, 2026 posted online.
Concalls
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Oct 2026Transcript PPT REC
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Aug 2026Transcript PPT REC
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May 2026Transcript PPT REC
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Feb 2026Transcript PPT REC
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Nov 2025Transcript PPT REC
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Aug 2025Transcript PPT REC
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May 2025Transcript PPT REC
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 June'26, Ather is the 3rd largest E2W manufacturer in India by sales volume with 31k retails.