₹1,270
▲ +2.91 +0.23%
17 Jul 2026
NSE Listed
Ather Energy Limited (ATHERENERG)
Volume: 1,04,36,460Avg Vol 1W: 73,79,088.8Avg Vol 1M: 51,03,596.0552W Range:₹329.2₹1,345
Key Ratios
Checked 2h agoMarket Cap₹48,569 Cr
Current Price₹1,270
Previous Close₹1,267.09
High / Low (52w)₹1,345 / ₹329.2
Volume1,04,36,460
Avg Vol (1W)73,79,088.8
Avg Vol (1M)51,03,596.05
Stock P/E—
Book Value₹67.12
Dividend Yield0%
ROE-20.1%
ROA-10.95%
Revenue (TTM)₹3,672 Cr
Revenue Growth—
Profit Margin-14.08%
Total Debt₹664 Cr
Shares Outstanding38 Cr
Face Value₹1
EPS (TTM)₹0
P/B18.84
Debt / Equity0.42
50 DMA₹1,042.89
200 DMA₹804.85
Day change+0.23%
Price Chart
₹1,270▲ 261.51% · 1Y
2025-07-172026-07-16
20-day avg volume: 51.0L shares
Pros
- Company is almost debt-free.
Cons
- Revenue fell 76% YoY.
- Company is loss-making at the latest annual result.
Quarterly Results
| Metric | Jun 2024 | Sept 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sept 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | ₹361 Cr | ₹584 Cr | ₹635 Cr | ₹676 Cr | ₹645 Cr | ₹899 Cr | ₹954 Cr | ₹1,175 Cr |
| EBITDA | ₹-160 Cr | ₹-167 Cr | ₹-169 Cr | ₹-206 Cr | ₹-154 Cr | ₹-133 Cr | ₹-60 Cr | ₹-82 Cr |
| Net Profit | ₹-183 Cr | ₹-197 Cr | ₹-198 Cr | ₹-234 Cr | ₹-178 Cr | ₹-154 Cr | ₹-85 Cr | ₹-100 Cr |
| EPS | — | — | — | — | — | — | — | — |
Profit & Loss (Annual)
| Metric | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | ₹12 Cr | ₹49 Cr | ₹88 Cr | ₹414 Cr | ₹1,802 Cr | ₹1,789 Cr | ₹2,305 Cr | ₹3,672 Cr |
| EBITDA | ₹-99 Cr | ₹-196 Cr | ₹-206 Cr | ₹-304 Cr | ₹-799 Cr | ₹-796 Cr | ₹-702 Cr | ₹0 Cr |
| Net Profit | ₹-107 Cr | ₹-220 Cr | ₹-233 Cr | ₹-344 Cr | ₹-864 Cr | ₹-1,060 Cr | ₹-812 Cr | ₹-517 Cr |
| EPS | -4,548 | -6,167 | -5,594 | -7,154 | -12,580 | -47 | -32 | — |
Balance Sheet
| Metric | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | ₹373 Cr | ₹518 Cr | ₹741 Cr | ₹819 Cr | ₹1,977 Cr | ₹1,914 Cr | ₹2,101 Cr | ₹4,722 Cr |
| Total Liabilities | ₹122 Cr | ₹268 Cr | ₹365 Cr | ₹594 Cr | ₹1,363 Cr | ₹1,368 Cr | ₹1,608 Cr | ₹2,149 Cr |
| Equity | ₹251 Cr | ₹250 Cr | ₹376 Cr | ₹225 Cr | ₹614 Cr | ₹546 Cr | ₹493 Cr | ₹2,573 Cr |
| Total Debt | — | — | — | — | — | — | — | ₹664 Cr |
Cash Flow
| Metric | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Operating | ₹-140 Cr | ₹-225 Cr | ₹-870 Cr | ₹-267 Cr | ₹-718 Cr | ₹32 Cr |
| Investing | ₹-143 Cr | ₹-6 Cr | ₹-135 Cr | ₹-228 Cr | ₹-378 Cr | ₹-2,527 Cr |
| Financing | ₹297 Cr | ₹228 Cr | ₹1,317 Cr | ₹633 Cr | ₹703 Cr | ₹2,497 Cr |
| Free Cash Flow | ₹-140 Cr | ₹-225 Cr | ₹-870 Cr | ₹-383 Cr | ₹-1,057 Cr | ₹-474 Cr |
Shareholding
Promoter 40.72% Institutions 45.52% Public 13.76%
About Ather Energy Limited
Consumer Cyclical · Auto Manufacturers
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.
www.atherenergy.com ↗Efficiency & Working Capital
ROCE-12.8%
Interest Coverage-5.3
Dividend Payout—
Debtor Days1 d
Inventory Days28 d
Payable Days83 d
Cash Conversion Cycle-54 d
Working Capital Days29 d
Shareholding Details
As of 2026-06-30
Promoter40.7%
FII16.2%
DII29.3%
Institutions45.5%
Public13.8%
Promoter Pledge0%
No. of Shareholders2,29,896
Shareholding Pattern
Quarterly — figures in %. Latest 11 quarters.
| Period | Sept 2024 | Mar 2025 | Apr 2025 | Apr 2025 | May 2025 | May 2025 | Jun 2025 | Sept 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Promoters | 83.2% | 42.1% | 54.6% | 54.6% | 42.1% | 42.1% | 42.1% | 41.2% | 40.9% | 40.8% | 40.7% |
| FIIs | 0% | 7% | 0% | 0% | 7% | 7% | 24.1% | 23.6% | 17.5% | 17.2% | 16.2% |
| DIIs | 0% | 23.7% | 45.4% | 0% | 23.7% | 12.5% | 24% | 23.6% | 28.1% | 29% | 29.3% |
| Public | 16.8% | 27.3% | 0% | 45.4% | 27.3% | 38.4% | 9.8% | 11.6% | 13.6% | 13% | 13.8% |
| Promoter Pledge | 24.3% | 0% | 3.9% | 3.9% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| No. of Shareholders | 32 | 2,17,766 | 32 | 32 | 2,17,766 | 2,17,766 | 1,41,409 | 1,41,467 | 1,73,478 | 1,69,887 | 2,29,896 |
Returns History (ROE / ROCE / ROA)
| Period | ROE | ROCE | ROA | P/E |
|---|---|---|---|---|
| 202603 | — | — | — | — |
Major Shareholders (>1%)
| Name | Category | Stake | Shares |
|---|---|---|---|
| Hero Motocorp Limited | Shareholding of Promoter and Promoter Group | 30% | 11.51 Cr |
| Caladium Investment Pte Ltd | Public Shareholding | 7.6% | 2.90 Cr |
| Sbi Small Cap Fund | Public Shareholding | 6.2% | 2.38 Cr |
| India Japan Fund | Public Shareholding | 5.9% | 2.25 Cr |
| Swapnil Babanlal Jain | Shareholding of Promoter and Promoter Group | 5% | 1.93 Cr |
| Tarun Sanjay Mehta | Shareholding of Promoter and Promoter Group | 5% | 1.93 Cr |
| Motilal Oswal Large And Midcap Fund | Public Shareholding | 3.4% | 1.29 Cr |
| Axis Mutual Fund Trustee Limited A/c Axis Mutual Fund A/c Axis Midcap Fund | Public Shareholding | 2.2% | 82,65,385 |
| Hsbc Mutual Fund - Hsbc Small Cap Fund | Public Shareholding | 1.9% | 71,59,969 |
| Aditya Birla Sun Life Trustee Private Limited A/c Aditya Birla Sun Life Flexi Cap Fund | Public Shareholding | 1.8% | 67,74,487 |
| Kamath Associates | Public Shareholding | 1.3% | 50,68,403 |
| Nksquared | Public Shareholding | 1.3% | 49,96,079 |
| Edelweiss Trusteeship Co Ltd Ac- Edelweiss Mf Ac- Edelweiss Mid Cap Fund | Public Shareholding | 1.2% | 47,37,768 |
| Jain Family Trust (represented By Swapnil Babanlal Jain) | Shareholding of Promoter and Promoter Group | 0.2% | 6,52,500 |
| Swapnil Jain Family Trust (represented By Swapnil Babanlal Jain) | Shareholding of Promoter and Promoter Group | 0.2% | 6,52,500 |
| Mehta Family Trust (represented By Tarun Sanjay Mehta) | Shareholding of Promoter and Promoter Group | 0.2% | 5,83,000 |
| Tarun Swarna Family Trust (represented By Tarun Sanjay Mehta) | Shareholding of Promoter and Promoter Group | 0.1% | 5,22,000 |
| Bentinck Fashions Llp | Shareholding of Promoter and Promoter Group | 0% | 0 |
| Hmcl Mm Auto Limited | Shareholding of Promoter and Promoter Group | 0% | 0 |
| Bahadur Chand Investments Private Limited | Shareholding of Promoter and Promoter Group | 0% | 0 |
| Hero Fincorp Limited | Shareholding of Promoter and Promoter Group | 0% | 0 |
| Euler Motors Private Limited | Shareholding of Promoter and Promoter Group | 0% | 0 |
| Clean Max Karakoram Private Limited | Shareholding of Promoter and Promoter Group | 0% | 0 |
| Hero Tech Center Germany Gmbh | Shareholding of Promoter and Promoter Group | 0% | 0 |
| Hmcl Netherlands B.v. | Shareholding of Promoter and Promoter Group | 0% | 0 |
Promoter Pledges
| Holder | Pledged Shares | % of Holding | As of |
|---|---|---|---|
| Swapnil Babanlal Jain | 0 | 0% | 2026-06-30 |
| Tarun Sanjay Mehta | 0 | 0% | 2026-06-30 |
| Sanjay Surajraj Mehta | 0 | 0% | 2026-06-30 |
| Sangeeta Sanjay Mehta | 0 | 0% | 2026-06-30 |
| Swarna Srimal Mehta | 0 | 0% | 2026-06-30 |
| Divya Mehta | 0 | 0% | 2026-06-30 |
| Aarohi Mehta | 0 | 0% | 2026-06-30 |
| Vinod Srimal | 0 | 0% | 2026-06-30 |
| Shikha Srimal | 0 | 0% | 2026-06-30 |
| Shivika Srimal | 0 | 0% | 2026-06-30 |
| Babanlal Girdharilal Jain | 0 | 0% | 2026-06-30 |
| Rajulmati Babanlal Jain | 0 | 0% | 2026-06-30 |
Board of Directors
| Name | Designation | Year |
|---|---|---|
| NEELAM DHAWAN | Chairman & Independent Directo | 2025 |
| TARUN SANJAY MEHTA | Executive Director & CEO | 2025 |
| SWAPNIL BABANLAL JAIN | ED / CTO / Promoter | 2025 |
| Ram Kuppuswamy | Non Executive Director / Nominee | 2025 |
| PANKAJ SOOD | Independent Non Exe. Director | 2025 |
| Puja Aggarwal | Company Sec. & Compli. Officer | 2025 |
| Kaushik Dutta | Independent Non Exe. Director | 2025 |
| Sanjay Nayak | Independent Non Exe. Director | 2025 |
| Vivek Anand | Additional Director | 2025 |
Segments — Product
| Segment | Revenue | Share |
|---|---|---|
| Automotive | ₹0 Cr | — |
Segments — Geography
| Region | Revenue | Share |
|---|---|---|
| India | ₹3,626 Cr | 98.7% |
| Other countries | ₹46 Cr | 1.3% |
Capital Structure (₹ Cr)
| Year | Face Value | Authorised | Issued | Paid-up |
|---|---|---|---|---|
| 2026 | ₹1 | 100 | 38 | 38 |
Corporate Actions
| Type | Date | Value | Remark |
|---|---|---|---|
| forthcoming | 2026-07-15 | Board Meetings | — |
Related-Party Transactions (₹ Cr)
| Year | Subsidiaries | Associates | JV | KMP | Others | Total |
|---|---|---|---|---|---|---|
| 2025 | 0 | 0 | 0 | 133 | 117 | 252 |
| 2025 | 0 | 0 | 0 | 121 | 108 | 229 |
| 2025 | 0 | 0 | 0 | 0 | 8 | 8 |
Substantial Acquisitions (SAST)
6 disclosure(s)
Market15/05/2026 · 3,54,193
Market15/05/2026 · 3,54,193
Market11/02/2026 · 73,33,219
Market13/11/2025 · 1,04,44,294
Market06/11/2025 · 1,93,60,832
Initial Pub. Offer03/05/2025 · 1,73,01,998
Company Information
🌐 www.atherenergy.com ↗
📍 3rd Flr Towewr D IBC Knowledge, Park #4/1 Bannerghatta Main Rd, Bangalore, Karnataka, 560029
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