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]
Prices delayed · Fundamentals as reported · checked 30 Oct, 10:15 am ISTData as published. No model runs on this page.
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| Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 523.40 | 360.50 | 583.50 | 634.90 | 676.08 | 644.58 | 898.88 | 953.64 | 1,174.66 | 1,216.92 | 1,464.24 |
| Expenses + |
Generated on demand from the fundamentals above plus a live web scan. Takes one to two minutes.
The business narrative, written down and turned into explicit assumptions.
A valuation from those assumptions, under bull, base and bear cases.
Where today's price sits relative to that range.
| 761.90 |
| 488.90 |
| 722.90 |
| 775.60 |
| 848.37 |
| 778.88 |
| 1,031.43 |
| 1,025.57 |
| 1,244.24 |
| 1,250.01 |
| 1,452.60 |
| Operating Profit | -238.50 | -128.40 | -139.40 | -140.70 | -172.29 | -134.30 | -132.55 | -71.93 | -69.58 | -33.09 | 11.64 |
| OPM % | -45.57% | -35.62% | -23.89% | -22.16% | -25.48% | -20.84% | -14.75% | -7.54% | -5.92% | -2.72% | 0.79% |
| Other Income + | 12.00 | 7.90 | 15.40 | 15.20 | 11.71 | 28.33 | 41.79 | 37.05 | 39.11 | 42.73 | 62.67 |
| Interest | 19.10 | 22.90 | 30.60 | 28.60 | 28.54 | 24.12 | 20.79 | 19.33 | 17.96 | 21.57 | 26.01 |
| Depreciation | 37.70 | 39.50 | 42.60 | 43.70 | 45.24 | 48.14 | 42.52 | 30.43 | 51.80 | 38.94 | 46.80 |
| Profit before tax | -283.30 | -182.90 | -197.20 | -197.80 | -234.36 | -178.23 | -154.07 | -84.64 | -100.23 | -50.87 | 1.50 |
| Tax % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Net Profit + | -283.30 | -182.90 | -197.20 | -197.80 | -234.36 | -178.23 | -154.07 | -84.64 | -100.23 | -50.87 | 1.50 |
| EPS in Rs | -94.75 | -61.17 | -64.01 | -64.21 | -8.06 | -4.79 | -4.05 | -2.22 | -2.62 | -1.33 | 0.04 |
| Raw PDF |
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|
| Sales + | 35 | 80 | 408 | 1,781 | 1,754 | 2,255 | 3,672 | 4,809 |
| Expenses + | 220 | 257 | 668 | 2,488 | 2,438 | 2,836 | 4,080 | 4,972 |
| Operating Profit | -185 | -177 | -260 | -708 | -685 | -581 | -408 | -163 |
| OPM % | -523% | -222% | -64% | -40% | -39% | -26% | -11% | -3.4% |
| Other Income + | 14 | 7 | 4 | 21 | -139 | 50 | 146 | 182 |
| Interest | 24 | 28 | 40 | 65 | 89 | 111 | 82 | 85 |
| Depreciation | 25 | 35 | 48 | 113 | 147 | 171 | 173 | 168 |
| Profit before tax | -220 | -233 | -344 | -864 | -1,060 | -812 | -517 | -234 |
| Tax % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | |
| Net Profit + | -220 | -233 | -344 | -864 | -1,060 | -812 | -517 | -234 |
| EPS in Rs | -77.16 | -81.86 | -115.08 | -289.13 | -354.41 | -27.95 | -13.51 | -6.13 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | Sep 2026 | |
|---|---|---|---|---|---|---|---|---|
| Equity Capital | 0.02 | 0.02 | 0.02 | 0.02 | 0.00 | 29 | 38 | 40 |
| Reserves | 250 | 376 | 224 | 614 | 545 | 464 | 2,534 | 4,247 |
| Borrowings + | 132 | 219 | 365 | 485 | 478 | 619 | 664 | 961 |
| Other Liabilities + | 137 | 146 | 229 | 878 | 890 | 988 | 1,485 | 1,704 |
| Total Liabilities | 518 | 741 | 819 | 1,977 | 1,914 | 2,101 | 4,722 | 6,952 |
| Fixed Assets + | 178 | 307 | 335 | 544 | 459 | 616 | 627 | 987 |
| CWIP | 104 | 47 | 93 | 37 | 71 | 122 | 340 | 472 |
| Investments | 39 | 92 | 37 | 286 | 292 | 41 | 552 | 1,133 |
| Other Assets + | 198 | 295 | 354 | 1,109 | 1,092 | 1,322 | 3,202 | 4,360 |
| Total Assets | 518 | 741 | 819 | 1,977 | 1,914 | 2,101 | 4,722 | 6,952 |