ATHERENERG · NSE
Ather Energy Limited
₹1,640
+5.81% (+₹90)
Prev. close
₹1,550
Volume
50,10,015
Delivery %
43.9%
As of
18 Sept 2026
Price history
HSBC Analysis · HSBC · 04 Aug 2026
“Reiterated 'Buy' rating on Ather Energy and raised its target price to ₹1,450. The brokerage attributes better-than-expected margin performance to a sharp reduction in other expenses. Strong volume growth and market share gains are anticipated once new manufacturing capacity comes online, supported by Ather's strong brand and execution capabilities.”
Published mid-session at 09:26 IST. Tracking counts only prices printed after publication — the chart's dashed divider marks that moment; earlier prices never count toward entry or results.
Analyst sentiment
Analysts lean bullish
4 analyst stances · last 90 days · one per analyst
Trackable
3 · 3 bull / 0 neutral / 0 bear
Long-Horizon
none in window
Commentary
1 · 1 bull / 0 neutral / 0 bear
Trackable = verdict-bearing calls · Long-Horizon = 1yr+ horizon, verdict pending · Commentary = context, not graded
Analyst opinions
| Call | Analyst | Instrument | Verdict | Actions | |||
|---|---|---|---|---|---|---|---|
| “Bullish on Ather Energy with a target price of ₹1,700 and a stop loss of ₹1,551. The stock is poised to negate its lower…” | Chandan TapariaMotilal Oswal Financial Services Ltd | Ather Energy | PENDING | ||||
| “Reiterated 'Buy' rating on Ather Energy and raised its target price to ₹1,450. The brokerage attributes better-than-expe…” | HSBC AnalysisHSBC | Ather Energy | PENDING | ||||
“Reiterated 'Buy' rating on Ather Energy and raised its target price to ₹1,450. The brokerage attributes better-than-expected margin performance to a sharp reduction in other expenses. Strong volume growth and market share gains are anticipated once new manufacturing capacity comes online, supported by Ather's strong brand and execution capabilities.” Rating & targetTrack opinion → This call hasn't reached its evaluation window yet — the verdict will appear here once it's graded. | |||||||
| “Bullish on Ather Energy, maintaining a 'Buy' rating with a Street-high target price of ₹1,714. The company is Nomura's p…” | Nomura AnalysisNomura Global Markets Research | Ather Energy | PENDING | ||||
| “Maintained 'Outperform' rating on Ather Energy with a target price of ₹1,600. The brokerage notes robust demand, with bo…” | CLSA AnalysisCLSA | Ather Energy | PENDING | ||||
Market commentary · 1 · levels, conditionals, previews, macro & hedged views — context, not graded
| Call | Analyst | Instrument | Verdict | Actions |
|---|---|---|---|---|
| “Bullish on Ather Energy, raising its target price to ₹1,926 from ₹1,714, implying a 22% upside from Wednesday's close of…” | Nomura AnalysisNomura Global Markets Research | Ather Energy | PENDING |
Fundamentals
About Ather Energy Limited
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 insurance policies in the capacity of corporate agent. The company was incorporated in 2013 and is headquartered in Bengaluru, India.
Details
Sector
Consumer Cyclical
Industry
Auto Manufacturers
CEO
Mr. Tarun Sanjay Mehta
Headquarters
Bengaluru
Website
atherenergy.comExchange
View on NSE ↗Key stats
Market cap
₹62,765.09 Cr
EPS (TTM)
₹-9.92
Beta (1Y · daily vs NIFTY 50)
0.63
Shares float
16.89 Cr
EPS · quarter ended Jun 2026
₹-1.33
Financial Performance
01 · Financials
FY23 growth needs FY22 filings, which the data source doesn't provide.
02 · Earnings Per Share (EPS)
04 · Operating Efficiency (Growth Rates)
Balance-sheet-based · pre-FY23 not filed in verifiable form
05 · Capital Structure & Asset Utilization
Pre-FY23 not filed in verifiable form
Asset turnover needs a prior year of assets — omitted for the earliest available year.
06 · Asset Base Composition
Pre-FY23 not filed in verifiable form
07 · Debt Level & Coverage
Pre-FY23 not filed in verifiable form
08 · Profit & Loss
Annual
| Line item | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|
| ₹1,779.60 Cr | ₹1,751.10 Cr | ₹2,255.00 Cr | ₹3,671.76 Cr | |
| EBITDA | ₹-688.70 Cr | ₹-827.00 Cr | ₹-535.27 Cr | ₹-273.82 Cr |
| ₹-864.50 Cr | ₹-1,059.70 Cr | ₹-812.30 Cr | ₹-517.17 Cr | |
| Diluted EPS | ₹-23.21 | ₹-28.45 | ₹-21.81 | ₹-13.99 |
Total expenses (as filed), Employee benefit expense, Other expenses, Other income have filed figures for only some of the years shown — no further verified source covers the rest, so those years are left blank rather than estimated.
09 · Balance Sheet
Annual
| Line item | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|
| ₹1,976.80 Cr | ₹1,913.50 Cr | ₹2,100.60 Cr | ₹4,721.51 Cr | |
| ₹671.60 Cr | ₹477.70 Cr | ₹619.22 Cr | ₹664.22 Cr | |
| Stockholders' equity | ₹613.70 Cr | ₹545.90 Cr | ₹493.00 Cr | ₹2,572.63 Cr |
CWIP, Others have filed figures for only some of the years shown — no further verified source covers the rest, so those years are left blank rather than estimated.
Annual only — the data source doesn’t publish quarterly balance-sheet detail for most NSE-listed companies.
10 · Cash Flow Statement
Annual
| Line item | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|
| ₹-871.30 Cr | ₹-267.60 Cr | ₹-720.70 Cr | ₹31.89 Cr | |
| Investing cash flow | ₹-135.00 Cr | ₹-228.10 Cr | ₹-378.20 Cr | ₹-2,526.51 Cr |
| ₹1,317.40 Cr | ₹633.20 Cr | ₹702.90 Cr | ₹2,496.53 Cr | |
| Capital expenditure | ₹-131.80 Cr | ₹-115.90 Cr | ₹-339.00 Cr | ₹-506.07 Cr |
| End cash position | ₹368.50 Cr | ₹506.00 Cr | ₹110.00 Cr | ₹111.94 Cr |
Dividends paid has filed figures for only some of the years shown — no further verified source covers the rest, so those years are left blank rather than estimated.
Annual only — the data source has no quarterly cash-flow-statement coverage.
11 · Shareholding Pattern
NSE, quarterly
| Line item | May 25–Jun 25(2Q) | Sep 25 | Dec 25 | Mar 26 | Jun 26 | Jul 26 |
|---|---|---|---|---|---|---|
| Promoter | 42.09% | 41.22% | 40.86% | 40.77% | 40.72% | 39.58% |
| Public | 57.91% | 58.78% | 59.14% | 59.23% | 59.28% | 60.42% |
| Employee trusts | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Source: NSE quarterly shareholding-pattern filings, collapsed to periods where the reported percentages held steady — a column spanning several quarters means no change was filed across them. No FII/DII sub-split available from this source — Public includes all non-promoter, non-employee-trust holders.
12 · Peer Comparison
Consumer Cyclical
| Company | ||||||||
|---|---|---|---|---|---|---|---|---|
| Titan Company Limited | ₹4.36 L Cr | ₹4,841 | 75.4 | 27.74 | 32.3% | 1.95 | +44.8% | +37.4% |
| Maruti Suzuki India Limited | ₹3.88 L Cr | ₹12,103 | 27.0 | 3.62 | 13.7% | 0.00 | +20.1% | -23.5% |
| Mahindra & Mahindra Limited | ₹3.69 L Cr | ₹3,076.5 | 18.7 | 3.96 | 18.4% | 1.44 | +24.1% | -15.3% |
| Bajaj Auto Limited | ₹3.18 L Cr | ₹11,500 | 27.6 | 8.20 | 27.7% | 0.58 | +22.6% | +26.6% |
| ETERNAL LIMITED | ₹2.97 L Cr | ₹326.85 | 671.6 | 9.58 | 1.2% | 0.15 | +168.6% | -3.3% |
| Eicher Motors Limited | ₹2.06 L Cr | ₹7,516 | 35.7 | 8.20 | 22.0% | 0.02 | +23.9% | +8.5% |
| TVS Motor Company Limited | ₹1.95 L Cr | ₹4,171.3 | 55.9 | 20.38 | 31.6% | 3.43 | +29.2% | +17.6% |
| Hyundai Motor India Limited | ₹1.74 L Cr | ₹2,155 | 35.7 | 8.69 | 27.1% | 0.05 | +2.1% | -17.2% |
| Samvardhana Motherson International Limited | ₹1.70 L Cr | ₹162.57 | 38.9 | 4.16 | 9.4% | 0.47 | +11.1% | +49.2% |
| Tata Motors Limited | ₹1.63 L Cr | ₹442.9 | 37.9 | 12.81 | 23.8% | 0.44 | +44.3% | — |
| Trent Limited | ₹1.49 L Cr | ₹2,824 | 82.0 | 21.29 | 24.6% | 0.37 | +17.6% | -45.1% |
| Ather Energy Limited | ₹61,568.81 Cr | ₹1,567.5 | — | 23.93 | -20.1% | 0.26 | +62.7% | +181.8% |
Ranked by market cap within Consumer Cyclical, same metrics as the Fundamentals screener. Click a column to sort.
Documents
IPO documents
Annual reports
Concall transcripts
Official documents linked from their sources — offer documents as filed with SEBI (sebi.gov.in), annual reports and earnings-call transcripts as published on BSE (bseindia.com) and NSE (nseindia.com). Links open the source's own hosting; nothing is re-hosted here.
Index membership
29 indices
NSE weights are a free-float market-cap-share estimate, not NSE’s own published (and sometimes capped) index weight. BSE weights are BSE’s own published index weight, not an estimate. Indices without weight data are listed without one, in alphabetical order after the weighted ones.
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