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Ather Energy Ltd. (ATHERENERG.NS)

INR1,296.40 +94.60 (+7.87%)
IN NSE Consumer Cyclical Auto - Manufacturers
Address Tower D 560029
Bengaluru, IN
CEO Tarun Sanjay Mehta
IPO 2025-05-06
ISIN INE0LEZ01016

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Description

Ather Energy Limited is an innovative electric vehicle manufacturer focused on the full lifecycle of electric two-wheelers, from conceptual design and engineering to market distribution, alongside an integrated product ecosystem. Its comprehensive technological suite encompasses proprietary vehicle platforms, robust chassis, sophisticated battery packs with integrated management systems, vehicle control units, intuitive touchscreen interfaces, precision motor controllers, transmissions, specialized signal harnesses, and advanced rapid charging capabilities. Furthermore, the company extends its offerings to include critical charging infrastructure, bespoke software solutions, and a selection of complementary accessories. Established in 2013, Ather Energy maintains its primary operations in Bengaluru, India.

Market Cap & Enterprise Value
Merger & Acquisition History

No mergers or acquisitions recorded for this company.

Technical Outlook
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Signal Summary Loading…
Indicator 1D1W2W3W1M
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
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Indicative levels generated algorithmically. Not financial advice.
Risk Profile
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Price Chart
Averages
Trend
Price
Levels
Draw
INR1,296.40 +94.60 (+7.87%)
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Volume Profile
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Liquidity & share structure
Average Volume
5M
Beta
1.24
Float Shares
102.73M
Free Float %
26.8%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
-4.66% +2.18% +7.04% +27.47% +46.93% +22.47% +198.58% +205.74% +205.74% +205.74% +205.74%
Rolling Volatility
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Drawdown
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Relative Strength
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Monthly Returns Heatmap
From To
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Annual Monthly Returns
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Daily Returns Distribution
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Revenue flow

Revenue by geography

Revenue by segment

From To

Revenue composition

From To

By product

By geography

Financial Statements

Income Statement

Balance Sheet

Cash Flow Statement

Key Metrics

Financial Ratios

Employees

Financial Growth (CAGR)

Market Data

Price Targets & DCF
Current price
1,296.40
Ratings Trend (MoM) 100% Bullish
Rating 2026-05 Change
Strong Buy 1 0
Buy 6 0
Hold 0 0
Sell 0 0
Strong Sell 0 0
Quality scores
MOAT Score
1 / 10
No MOAT
Composite Rating
D+
Overall Score
1 / 5
Low
DCF Score
1 / 5
Low
ROE Score
1 / 5
Low
ROA Score
1 / 5
Low
D/E Score
2 / 5
Medium
P/E Score
1 / 5
Low
P/Book Score
1 / 5
Low
Operational MOAT
✗ Below peers
  • Revenue growth Auto - Manufacturers: +8.4%
    +62.8% Q1'26: +73.7% (vs Q1'25)
  • EPS growth Auto - Manufacturers: +17.3%
    +35.9% Q1'26: +58.3% (vs Q1'25)
  • FCF margin FCF growth · Auto - Manufacturers: +72.3%
    -9.3% Q1'26: -12.0% (vs Q1'25)
  • EBIT margin Auto - Manufacturers: +4.6%
    -15.8% Q1'26: -10.3% (vs Q1'25)
  • ROIC Auto - Manufacturers: +3.7%
    -31.2% Q1'26: -26.1% (vs Q1'25)
  • Share dilution Auto - Manufacturers: +0.0%
    -0.8% Q1'26: +2.7% (vs Q1'25)
  • Debt / EBITDA Net debt/EBITDA · Auto - Manufacturers: -0.19×
    -1.63× Q1'26: -2.39× (vs Q1'25)
Valuation Multiples From To
DCF Interactive Model (UFCF)
Projection years:
Market assumptions
WACC components (optional)
Ke (Cost of Equity) = Rf + β (1.14) × ERP
WACC = 98% × Ke + 2% × Kd (12.4%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
Current price: 1,296.40
Enterprise Value: Equity Value: Terminal Value: TV as % of EV:

Base values reflect the latest available data for this company and market conditions.

Consensus Estimates
Metric Mar 2026
6 Rev. Ana.
6 EPS Ana.
Mar 2027
8 Rev. Ana.
7 EPS Ana.
Mar 2028
8 Rev. Ana.
7 EPS Ana.
Mar 2029
4 Rev. Ana.
3 EPS Ana.
Mar 2030
3 Rev. Ana.
1 EPS Ana.
Revenue
36.72B
35.71B – 37.78B
53.54B
48.27B – 58.02B
+45.8% YoY
72.88B
64.94B – 89.25B
+36.1% YoY
103.57B
92.74B – 120.67B
+42.1% YoY
145.77B
130.53B – 169.85B
+40.8% YoY
EBITDA
-13.46B
-13.85B – -13.09B
-19.63B
-21.27B – -17.69B
-45.8% YoY
-26.71B
-32.72B – -23.80B
-36.1% YoY
-37.97B
-44.24B – -34.00B
-42.1% YoY
-53.44B
-62.26B – -47.85B
-40.8% YoY
EBIT
-16.32B
-16.79B – -15.87B
-23.79B
-25.78B – -21.45B
-45.8% YoY
-32.38B
-39.65B – -28.85B
-36.1% YoY
-46.01B
-53.61B – -41.20B
-42.1% YoY
-64.77B
-75.46B – -57.99B
-40.8% YoY
Net Income
-4.73B
-5.11B – -4.35B
-4.49B
-5.26B – -2.51B
+5.2% YoY
-367.97M
-1.51B – 773.22M
+91.8% YoY
4.45B
765.66M – 5.71B
+1,309.1% YoY
14.47B
12.51B – 17.58B
+225.3% YoY
SGA
5.64B
5.48B – 5.80B
8.22B
7.41B – 8.91B
+45.8% YoY
11.19B
9.97B – 13.70B
+36.1% YoY
15.90B
14.24B – 18.53B
+42.1% YoY
22.38B
20.04B – 26.08B
+40.8% YoY
EPS
-13.13
-13.82 – -11.78
-9.80
-14.23 – -6.79
+25.3% YoY
-1.04
-4.08 – 2.09
+89.4% YoY
9.40
2.07 – 15.45
+1,006.6% YoY
39.15
33.83 – 47.56
+316.5% YoY
Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-05-11 D+ 1/5 1/5 1/5 1/5 2/5 1/5 1/5
2026-05-08 D+ 1/5 1/5 1/5 1/5 2/5 1/5 1/5
2026-05-07 D+ 1/5 1/5 1/5 1/5 2/5 1/5 1/5
2026-05-06 D+ 1/5 1/5 1/5 1/5 2/5 1/5 1/5
2026-05-05 D+ 1/5 1/5 1/5 1/5 2/5 1/5 1/5
2026-05-04 D+ 1/5 1/5 1/5 1/5 1/5 1/5 1/5
2026-04-30 D+ 1/5 1/5 1/5 1/5 1/5 1/5 1/5
2026-04-29 D+ 1/5 1/5 1/5 1/5 1/5 1/5 1/5
2026-04-28 D+ 1/5 1/5 1/5 1/5 1/5 1/5 1/5
2026-04-27 D+ 1/5 1/5 1/5 1/5 1/5 1/5 1/5
2026-04-24 D+ 1/5 1/5 1/5 1/5 1/5 1/5 1/5
2026-04-23 D+ 1/5 1/5 1/5 1/5 1/5 1/5 1/5
2026-04-22 D+ 1/5 1/5 1/5 1/5 1/5 1/5 1/5
2026-04-21 D+ 1/5 1/5 1/5 1/5 1/5 1/5 1/5
2026-04-20 D+ 1/5 1/5 1/5 1/5 1/5 1/5 1/5
2026-04-17 D+ 1/5 1/5 1/5 1/5 1/5 1/5 1/5
2026-04-16 D+ 1/5 1/5 1/5 1/5 1/5 1/5 1/5

Owner Earnings

Owner's Earnings (history) From To
Owner alignment
Owner's Earnings TTM
-1.21B
OE per share TTM
-3.14
Owner's Yield
-0.34%
Maintenance CapEx ratio
Maint CapEx / Avg PPE
6.4%

Ownership Overview

Ownership breakdown

Ownership breakdown not available.

At a glance
Institutional holders
Total invested
Insider transactions (90d)
0
Beneficial owners (>5%)
0
Beneficial owners (>5%)

No beneficial ownership filings recorded.

Institutional Activity (13F)

Institutional ownership trend

Institutional history not available.

Top institutional holders

Top holders not available.

ETF Ownership

Top ETFs holding this stock Held by 16 ETFs in our universe
# ETF Weight Est. AUM exposure TER
1 Matthews India Active ETF INDE INDE 1.73% 307.3K 0.79%
2 Goldman Sachs India Equity ETF GIND 0.30% 494.1K 0.75%
3 Vanguard FTSE All-World ex-US Small-Cap ETF VSS 0.03% 4.89M 0.06%
4 Vanguard FTSE Emerging Markets All Cap Index ETF VEE.TO 0.01% 366.8K 0.26%
5 Vanguard FTSE Emerging Markets Shares ETF VGE.AX 0.01% 162.6K 0.48%
6 Vanguard FTSE Emerging Markets ETF VWO 0.01% 18.10M 0.06%
7 Vanguard Total International Stock ETF VXUS 0.00% 19.74M 0.05%
8 Vanguard FTSE Global All Cap ex Canada Index ETF VXC.TO 0.00% 29.1K 0.22%
9 Vanguard Total World Stock ETF VT 0.00% 1.05M 0.06%
10 Avantis Emerging Markets Equity UCITS ETF USD Acc AVEM.L 0.00% 2.7K 0.35%

Insider Activity

Insider Activity — Latest Quarter

No insider activity available.

Insider buys vs sells (history)

Insider history not available.

Recent insider transactions

No recent insider transactions.

Executive team

Top executives
EBIT / Employee
-3.59M
Shares Outstanding
382.67M

Executive compensation

Executive compensation (annual)

Executive compensation not available.

CEO compensation breakdown

No CEO compensation history available.

Proxy statements

Proxy statements (DEF 14A)

No proxy statements available for this company yet.

Recent SEC filings

Recent SEC filings

No SEC filings available for this company yet.

Executive team

NameTitleCompensationGender
Swapnil Babanlal Jain Co-Founder, Executive Director & Chief Technology Officer 28M male
Tarun Sanjay Mehta Co-Founder, Executive Director & Chief Executive Officer 28M male
Puja Aggarwal Company Secretary & Compliance Officer female
Sanjeev Kumar Singh Chief Operating Officer male
Saurabh Sharma Head of Marketing male
Anjani Kumar Chief Digital & Information Officer male
Sohil Dilipkumar Parekh Chief Financial Officer male
Surabhi Loshali Chief Human Resources Officer female
Shantanu Jog Head of Creative Design male
Murali Sashidharan Head of Communications and Government Relations male
ESG Score History

No data available for this company.

Senate Trading Activity

No Senate trading activity found for this company.

House Trading Activity

No House trading activity found for this company.

Market share among peers
Peer comparison — filtered group (TTM)
Your opinion

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Dividend history

Earnings history

Earnings reports

Stock splits