Ather Energy Limited

Ather Energy Limited (ATHERENERG) is a mid-cap Automobile and Auto Components company valued at ₹58,199 crore operating in 2/3 Wheelers on the NSE and BSE.

Recent price move

Ather Energy Limited last traded at ₹1,470, unchanged on the day.

Recent developments

On 10 September 2026, Ather Energy's share price rose nearly 4% to ₹1,648.60, following positive sentiment around its expansion plans and new products. On 31 August 2026, the company's share price reached a record high of ₹1,679 after launching its mass-market scooter, Ather Konarc, which is priced from ₹99,999. On 31 August 2026, JPMorgan raised its target for Ather Energy's stock, contributing to the share price increase.

Financial performance

The company's business is improving, with annual revenue rising 62.8% year-over-year and the latest quarter revenue up 88.7% compared to the same quarter a year earlier. However, the net profit remains a loss, narrowing from a ₹812 crore loss to ₹517 crore annually, and the latest quarter net profit loss narrowed from ₹178 crore to ₹51 crore. The net profit margin improved significantly, rising 21.9 percentage points to -14.1%, but return on equity and return on capital employed remain negative.

Valuation multiples

A price-to-earnings ratio is not meaningful here because the company is loss-making; the stock trades at 15.82 times book value.

Things to watch

The company continues to report a net loss, with an annual net profit loss of ₹517 crore. The net profit margin, while improved, remains negative at -14.1%. The company's return on equity and return on capital employed are also negative, indicating poor profitability. The promoter holding decreased by 1.18% in the last quarter, and working capital days increased from -43.8 days to 60.1 days, suggesting liquidity challenges.

Where it stands

Ather Energy has shown strong revenue growth, with annual revenue up 62.8% and the latest quarter revenue up 88.7% compared to the same quarter a year earlier. However, the company remains unprofitable, with a net loss of ₹517 crore annually and a loss of ₹51 crore in the latest quarter. The share price reached a record high of ₹1,679 on 31 August 2026, but the company continues to face challenges with profitability and liquidity.

Summarised by DocStoX's model on 2026-09-12 from company filings, exchange data and news. This is a factual summary, not a rating or a recommendation. Informational only, not investment advice. Consult a SEBI-registered adviser before investing.