Ather Energy

    ATHERENERG
    Auto
    ₹1656.00
    price as of 11/9/2026, 5:28:12 pm

    Market cap ₹65,597 Cr

    P/E
    400.37
    Day range
    ₹1,615.50 – ₹1,673.50
    52-week range
    ₹534.50 – ₹1,744.00
    Volume
    48.80 L
    Open
    ₹1,657.00
    Prev close
    ₹1,658.30
    52-week range, adjusted for splits and bonuses
    ₹522.05₹1,744
    10 Sept 20251 Sept 2026
    Index membership & F&O
    NIFTY 500NIFTY SMALLCAP 250F&O lot 375

    Price history

    6M change +135.90%RSI (14) 64.1 NeutralSMA 20 · 50 overlaid

    Price & delivery on the exchange

    NSE bhavcopy to 11 Sept 2026 · delivery 22.7% today vs 30.4% average · BSE close ₹1,655.5

    1 Apr23 Apr15 May5 Jun24 Jun15 Jul3 Aug21 Aug11 Sept₹600₹900₹1,200₹1,500₹1,8000%25%50%75%100%
    • Delivery
    • NSE close
    • BSE close

    High delivery with a rising price suggests buyers holding rather than trading the move.

    Futures & options

    NSE F&O close, 11 Sept 2026 · options expiring 29 Sept 2026

    Long unwinding
    Near-month future
    ₹1,657.3
    Change
    -0.26%
    Basis over spot
    +₹1.33
    Futures OI (shares)
    38.4 L
    OI change
    -0.80%
    Put-call ratio
    0.48
    Max pain
    ₹1,600
    Resistance (call OI)
    ₹1,700
    Support (put OI)
    ₹1,500
    Lot size
    375

    Open interest by strike

    Calls open above (resistance) and puts below (support), in shares

    1300138014401500156016201680174018001860192002.5 L5.0 L7.5 L10.0 Lspot
    • Call OI
    • Put OI

    Futures open interest and price

    Near-month future, day by day since collection began

    The daily history builds from each close.

    Key metrics

    EPS (TTM)
    ₹-10.18
    Price / Book
    23.50
    ROE (FY26)
    -33.7%
    ROCE (latest year)
    -20%
    Dividend yield
    0.00%
    Net margin (TTM)
    -9.2%
    Current ratio
    2.42
    Debt / Equity
    0.19
    Revenue growth (5y)
    115.1%

    Moving averages (NSE)

    Simple moving averages of the NSE price, and where the last price sits against each
    5-day10-day20-day50-day100-day300-day
    ₹1,617.26Price above₹1,613.58Price above₹1,546.83Price above₹1,381.24Price above₹1,169.52Price above₹933.84Price above

    Charts & trends

    From company filings. Amounts in ₹ crore.

    Operating margin
    -2.7%
    Net margin
    -4.2%

    Revenue, profit & margin - quarterly

    Bars in ₹ crore (a loss shows red); line is operating margin

    Jun 2025Mar 2026Jun 2026-450 Cr0 Cr450 Cr900 Cr1.4K Cr-24%-18%-12%-6%0%
    • Revenue
    • Net profit
    • Operating margin

    Who owns the company

    Shareholding as of Jul 2026

    • Promoter
    • DII
    • FII
    • Public

    Cash flows

    Where cash came from and went, by fiscal year (₹ crore)

    Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026-3.0K Cr-1.5K Cr0 Cr1.5K Cr3.0K Cr
    • Operating
    • Investing
    • Financing
    • Free cash flow

    Return on equity

    Net profit over shareholders' equity, by fiscal year

    FY21FY22FY23FY24FY25FY26-220%-165%-110%-55%0%

    Equity vs debt

    Shareholders' equity against borrowings (₹ crore); line is debt-to-equity

    Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 20260 Cr650 Cr1.3K Cr1.9K Cr2.6K Cr0.0x0.5x0.9x1.4x1.8x
    • Equity
    • Debt
    • Debt / equity

    Financial statements

    ₹ Crore
    Quarterly results, oldest period first, figures in rupees crore
    Line itemJun 2025Mar 2026Jun 2026
    Sales6451,1751,217
    Expenses7791,2441,250
    Operating Profit-134-70-33
    OPM %-21%-6%-2.7%
    Other Income283943
    Interest241822
    Depreciation485239
    Profit before tax-178-100-51
    Tax %0%0%0%
    Net Profit-178-100-51
    EPS in Rs₹-4.79₹-2.62₹-1.33

    From company filings, updated 11 Sept 2026. Consolidated figures where the company reports them.Information only, not investment advice.

    Strengths, risks & growth

    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]

    Strengths

    None flagged by the checklist.

    Risks

    • Company has low interest coverage ratio.
    • Promoter holding has decreased over last quarter: -1.18%

    Stock Price CAGR

    10 Years
    5 Years
    3 Years
    1 Year
    +206%

    Strengths and risks are a machine-generated checklist, not advice; growth is compounded annually over each period.

    Shareholding pattern

    Percentage of shares held by each category at each quarter end
    HolderDec 2025Mar 2026Jun 2026Jul 2026Change
    Promoter40.86%40.76%40.72%39.58%-1.14 pp
    FII17.45%17.21%16.23%16.77%+0.54 pp
    DII28.10%28.97%29.28%29.82%+0.54 pp
    Public13.58%13.03%13.76%13.82%+0.06 pp

    Filed with NSE for Jul 2026: promoters 39.58%, public 60.42% · XBRL filing

    Analysts & fund holdings

    100%
    100% recommend buy
    10 analysts cover the stock
    Valuation vs Automobiles
    P/E400.4 vs 27.6
    Sector P/B5.69

    Who holds the shares, quarter by quarter

    Mutual funds 21.05% (+0.72 pp)
    Jun 25
    Sept 25
    Dec 25
    Mar 26
    Jun 26
    Jul 26
    • Promoters39.6%
    • Foreign institutions16.8%
    • Mutual funds21.1%
    • Insurance1.1%
    • Other domestic institutions7.7%
    • Retail7.3%
    • Others6.5%
    Mutual funds holding the most
    Fund% of company% of fund3-month change
    SBI Small Cap Fund3.48%4.71%-0.99 pp
    HSBC Midcap Fund1.06%3.57%+1.84 pp
    Aditya Birla SL Flexi Cap Fund1.04%2.07%+0.48 pp
    Motilal Oswal Large & Midcap Fund1.01%2.90%-0.82 pp
    Motilal Oswal Flexi Cap Fund0.95%3.89%+0.08 pp

    Scorecard

    Performance
    Avg
    Valuation
    High
    Growth
    Low
    Profitability
    Avg
    Entry point
    Avg
    Red flags
    Low

    Analyst coverage, holdings and scorecard from market data; not a recommendation by Parasram India.

    Corporate actions

    No dividends, splits or bonuses recorded for this company yet.

    Bulk & block deals

    Large deals reported to NSE in this stock
    DateClientTypeQuantityPrice
    1 Sept 2026Short sale275

    Deals of more than 0.5% of shares (bulk), large single trades (block) and short sales, as NSE reports them.

    Company announcements

    Company Update
    Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPS

    With reference to the captioned subject, we wish to inform that the Board of Directors of Ather Energy Limited have vide circular resolution passed on September 01, 2026, alloted 4,84,551 ....

    Insider Trading / SAST
    Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011

    The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Caladium Investment Pte Ltd

    Company Update
    Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation

    Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we would like to inform you that the Company will be participating in the investors ....

    Company Update
    Press Release

    Please find enclosed press release titled "Ather Energy marks 4th Ather Community Day by launching Konarc and innovations across vehicle health, batteries and charging"

    Company Update
    Press Release

    Please find enclosed press release titled "Ather Energy introduces Konarc, its new electric scooter to make EVs mainstream"

    Company Update
    Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation

    Pursuant to the press release issued by the Company on July 14, 2026, regarding the hosting of Ather Community Day on August 29, 2026, we wish to inform you that the Company shall also ....

    Company Update
    Announcement under Regulation 30 (LODR)-Allotment

    The Board of Directors of the Company vide circular resoltuion passed today i.e. August 25, 2026 have approved the allotment of 16,26,016 equity shares and 79,36,507 convertible warrants.

    Company Update
    Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation

    Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we would like to inform you that the Company will be participating in the investors ....

    AGM/EGMPrice-sensitive
    Shareholder Meeting / Postal Ballot-Scrutinizer's Report

    Please find enclosed the voting results of 13th Annual General Meeting held on August 19, 2026 through Video Conference (VC) and the report of Scrutinizer dated August 19, 2026.

    AGM/EGMPrice-sensitive
    Shareholder Meeting / Postal Ballot-Outcome of AGM

    We wish to inform you that the 13th Annual General Meeting (AGM) of the company was held today i.e August 19, 2026 through Video Conferencing (VC) in compliance with circulars issued by ....

    AGM/EGMPrice-sensitive
    Shareholder Meeting / Postal Ballot-Scrutinizer"s Report

    Please find enclosed the voting results of Extraordinary General Meeting held on August 14, 2026 in compliance with the provisions of regulation 44 of SEBI (Listing Obligations and Disclosure ....

    AGM/EGMPrice-sensitive
    Shareholder Meeting / Postal Ballot-Outcome of EGM

    We wish to inform you that the Extraordinary General Meeting (EGM) of the Company was held today i.e. August 14, 2026 through Video Conferencing (VC) in compliance with circulars issued ....

    Company Update
    Announcement under Regulation 30 (LODR)-Newspaper Publication

    Please find enclosed herewith copies of the newspaper advertisement relating to the Corrigendum to the Notice of Extraordinary General Meeting (EGM) of the Company published today, August ....

    Company Update
    Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation

    Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we would like to inform you that the Company will be participating in the investors ....

    Company Update
    Announcement under Regulation 30 (LODR)-Earnings Call Transcript

    Please find enclosed herewith the transcripts of the Earnings call held on August 03, 2026.

    Filed with BSE (scrip 544397); the last 45 days. Documents open at bseindia.com.

    Documents

    Documents open at BSE or the rating agency that issued them.