Ather Energy share price
NSE: ATHERENERGBSE: 544397AutomobilesSmall Cap
Ather Energy Limited · Face value ₹1 Face value. The nominal value of one share as the company issued it, the unit its share capital is counted in and a dividend can be stated as a percentage of; it has no link to the share price. Face value in the glossary · Listed May 2025 · Issue price ₹321
Last close ₹1,756.00up ₹93.00 (5.59%)BSE ₹1,755.05
Share price at the NSE close on 30 Oct 2026. Previous close ₹1,663.00.
30 Oct: open ₹1,665.00, high ₹1,784.50, low ₹1,663.00
52-week range of traded prices to 30 Oct 2026
₹582.05Low, 6 Nov 2025₹1,784.50High, 30 Oct 2026
- Market capMarket capitalisation. Share price times the number of shares: what the whole company is worth at the day's price. The rank is by average market value over the six months to Jun 2026, among listed companies. Market capitalisation: how it is worked out
- ₹69,644 Cr260th largest listed
- P/EPrice to earnings, trailing. Market cap divided by the profit of the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, after the share of the other owners of its subsidiaries: what investors pay for each rupee of a year's profit. Price to earnings, trailing: how it is worked out
- Lossover the last 12 months
- P/BPrice to book. Market cap divided by the net worth that belongs to the company's own shareholders, its assets less everything it owes and less the other owners' share of its subsidiaries, on its latest balance sheet. Taken from the consolidated balance sheet, the company and its subsidiaries together; the P/E is on the company's own results until four consolidated quarters are filed. Price to book: how it is worked out
- 16.25
- Dividend yieldDividend yield. Dividends paid per share in the twelve months to the day, as a percentage of the day's share price.
- Nonein the last 12 months
- ROEReturn on equity. Profit over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, as a percentage of their net worth, the money they have in the business. Net worth is the average of the latest balance sheet and the one a year before it.
- −6.7%
- ROCEReturn on capital employed. Operating profit after depreciation (revenue less operating expenses and depreciation, without other income and one-off items) as a percentage of all the money the business runs on: the whole group's net worth, the other owners of its subsidiaries included, plus borrowings. Lease liabilities are not counted: the results filings do not state them. The profit is over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly); net worth and borrowings are on the latest balance sheet.
- −6.5%
- Debt to equityDebt to equity. Borrowings divided by the whole group's net worth, the other owners of its subsidiaries included: rupees borrowed for each rupee of equity in the business. Lease liabilities are not counted: the results filings do not state them. From the balance sheet at the end of Sep 2026. Taken from the consolidated balance sheet, the company and its subsidiaries together; the P/E is on the company's own results until four consolidated quarters are filed.
- 0.19
- Volume, NSEVolume. Shares traded on the last trading day; delivery is the part buyers kept rather than sold again the same day. Volume in the glossary
- 79,21,12824.9% delivered
About Ather Energy
Ather Energy Limited makes electric scooters and the products around them: software, charging infrastructure and smart accessories, all designed by the company in India.1 It sells through experience centres (its showrooms) and service centres in India, Nepal and Sri Lanka.2 It is based in Bengaluru and assembles its scooters at Hosur, Tamil Nadu.314
Its scooters come in 2 product lines, the Ather 450 and the Ather Rizta, with 9 variants.5 It makes battery packs in-house from lithium-ion cells it buys, buys motors and chargers, and has all other components made by suppliers.51 Its in-house software, AtherStack, links the scooter, the cloud and a mobile app and is improved through over-the-air updates, and Ather Grid is its charging network.6
The company was founded in 2013 by Tarun Mehta and Swapnil Jain.7 Its shares were listed on the NSE and BSE on 6 May 2025, after an initial public offering of ₹2,980.76 crore at ₹321 a share.8
Its promoters are Tarun Mehta, executive director and chief executive, and Swapnil Jain, executive director and chief technology officer.910 The promoter group held 40.7681% of the shares at the end of March 2026.11
Ather Energy key points
Results
- Consolidated total income was ₹1,260 crore in the quarter to Jun 2026, up 87.2% from a year earlier, on 83,173 scooters sold, up 81%.1213
- EBITDA (earnings before interest, tax, depreciation and amortisation) was ₹9 crore in the quarter to Jun 2026, a margin of about 0.8%, the company's first positive EBITDA quarter.14
- In the year to Mar 2026, revenue from operations was ₹3,671.76 crore, against ₹2,255.01 crore a year earlier, and the EBITDA loss narrowed to ₹257.04 crore from ₹530.64 crore.15
- The loss for the year to Mar 2026 was ₹517.17 crore, against ₹812.28 crore a year earlier, and operating activities generated cash of ₹31.89 crore, a first in the company's history.1617
Market position
- It sold 2,62,942 scooters in the year to Mar 2026, up 69%, and its national share of electric two-wheeler sales rose to 17.1% from 11.7% a year earlier.1819
- Ather's share of electric two-wheeler sales by region2021Middle India is Chhattisgarh, Gujarat, Madhya Pradesh, Maharashtra, Odisha, and Dadra and Nagar Haveli and Daman and Diu.
Item year to Mar 2026 South India 23.1% Middle India 15.4% Rest of India 10.6%
Demand, prices and margins
- Registrations of its scooters, with exports, were 90,808 in the quarter to Jun 2026, up 102% from a year earlier.22
- Paid pre-orders rose 158% to 1.5 lakh in the quarter to Jun 2026, and stock held by dealers fell to 3 days from 14 days.2324
- By the end of June 2026 its average selling price across India was ₹1.61 lakh, up from about ₹1.5 lakh in the quarter to Mar 2026, which the company put down to price increases and improved SKU (model and variant) management.25
- Adjusted gross margin (the share of total income left after the cost of materials and goods bought) was 22.4% in the quarter to Jun 2026, against 25.4% in the quarter to Mar 2026, after its commodity cost index rose 46% over 5 quarters.26
Product and revenue mix
- Scooters sold by product line27
Item year to Mar 2026 Ather Rizta 1,99,134 (76%) Ather 450 63,808 (24%) - Non-vehicle revenue (software, service and accessory sales), led by the AtherStack Pro software pack, was 14% of revenue in the quarter to Jun 2026, against 13% in the year to Mar 2026.282930
- AtherStack Pro was taken by 94% of buyers in the quarter to Jun 2026, against 91% in the year to Mar 2026.2531
- On its earnings call of 3 Aug 2026, the company said it expects at least 75% of buyers of its coming EL scooters to take AtherStack Pro.32
Plants and capacity
- It has 2 plants in Tamil Nadu; production at Hosur can reach about 35,000 scooters a month, or 4.2 lakh a year, and was running at almost full capacity as of its call of 3 Aug 2026.333435
- The company said on 3 Aug 2026 that Factory 3.0, its new plant in Chhatrapati Sambhajinagar, Maharashtra, is on track to start in the quarter to Dec 2026, its first phase adding 5 lakh scooters a year for total capacity of 9.2 lakh.363733
- The company said on 3 Aug 2026 that a second phase at the same site could add another 5 lakh scooters a year, taking capacity to 14.2 lakh, and that it had not yet started investing in it.38
- The company said on 3 Aug 2026 that it had closed a ₹1,300 crore qualified institutional placement (a share sale to large investors) and was seeking shareholder approval for a ₹1,200 crore preference issue (a share sale to chosen investors), ₹2,500 crore in all.39
Sales and service network
Research and development
- By the end of March 2026 it had filed 643 patents, 283 of them in the year to Mar 2026, its highest yearly count.42
- R&D spending was ₹447.84 crore in the year to Mar 2026, against ₹344.97 crore a year earlier, and 856 engineers, 42% of its employees on the rolls, work in R&D.4333
- Its new EL scooter platform is aimed at the ₹1 lakh to ₹1.25 lakh price band, where about 50% of India's scooter volumes sit and where it had no product.44
Recent events
- Ather Energy Hong Kong Limited, a wholly owned subsidiary set up to support procurement in the Asia-Pacific region, was incorporated on 21 Sep 2026.45
- Ather Insurance Limited, a wholly owned subsidiary to sell insurance as a corporate agent (an intermediary that sells policies on behalf of insurers), was incorporated on 27 May 2026.46
Last updated
All 46 sources, each with its page
- 1. Annual report, 27 Jul 2026, page 42
- 2. Annual report, 27 Jul 2026, page 31
- 3. Annual report, 27 Jul 2026, page 2
- 4. Annual report, 27 Jul 2026, page 25
- 5. Annual report, 27 Jul 2026, page 42
- 6. Annual report, 27 Jul 2026, page 29
- 7. Annual report, 27 Jul 2026, page 42
- 8. Annual report, 27 Jul 2026, page 50
- 9. Annual report, 27 Jul 2026, page 59
- 10. Annual report, 27 Jul 2026, page 38
- 11. Annual report, 27 Jul 2026, page 68
- 12. Investor presentation, 3 Aug 2026, page 22
- 13. Investor presentation, 3 Aug 2026, page 6
- 14. Earnings call, 3 Aug 2026, page 7
- 15. Annual report, 27 Jul 2026, page 46
- 16. Annual report, 27 Jul 2026, page 47
- 17. Annual report, 27 Jul 2026, page 23
- 18. Annual report, 27 Jul 2026, page 20
- 19. Annual report, 27 Jul 2026, page 43
- 20. Annual report, 27 Jul 2026, page 22
- 21. Annual report, 27 Jul 2026, page 43
- 22. Investor presentation, 3 Aug 2026, page 7
- 23. Earnings call, 3 Aug 2026, page 4
- 24. Earnings call, 3 Aug 2026, page 5
- 25. Earnings call, 3 Aug 2026, page 6
- 26. Earnings call, 3 Aug 2026, page 6
- 27. Annual report, 27 Jul 2026, page 43
- 28. Investor presentation, 3 Aug 2026, page 22
- 29. Annual report, 27 Jul 2026, page 30
- 30. Earnings call, 3 Aug 2026, page 14
- 31. Annual report, 27 Jul 2026, page 35
- 32. Earnings call, 3 Aug 2026, page 16
- 33. Annual report, 27 Jul 2026, page 24
- 34. Earnings call, 3 Aug 2026, page 5
- 35. Earnings call, 3 Aug 2026, page 4
- 36. Investor presentation, 3 Aug 2026, page 19
- 37. Earnings call, 3 Aug 2026, page 5
- 38. Earnings call, 3 Aug 2026, page 5
- 39. Earnings call, 3 Aug 2026, page 5
- 40. Annual report, 27 Jul 2026, page 43
- 41. Annual report, 27 Jul 2026, page 43
- 42. Annual report, 27 Jul 2026, page 36
- 43. Annual report, 27 Jul 2026, page 46
- 44. Annual report, 27 Jul 2026, page 45
- 45. Exchange filing, 21 Sep 2026, page 1
- 46. Exchange filing, 27 May 2026, page 1
Results
Standalone; ₹ crore.Ather Energy quarterly results
Quarter to Sep 2026, against the quarter before
- RevenueRevenue. The pill is the change in revenue against the quarter before: this period's figure divided by that one's, less one, in per cent.
- ₹1,464 Crup 20.32%
- Net profitNet profit. Under it, net profit in the quarter before. A change in per cent is not worked out where either period is a loss or nothing. Net profit in the glossary
- ₹1.50 CrQuarter to Jun 2026: −₹51 Cr
- Net marginNet margin. Net profit as a percentage of revenue: how much of each rupee of sales is left after every cost, interest and tax. Net margin in the glossary
- 0.1%
Revenue by quarter
Peak revenue ₹1,464 Cr, quarter to Sep 2026; lowest ₹645 Cr, quarter to Jun 2025
Net profit by quarter, a loss in red
- Net profit
- Loss
Back to profit in the quarter to Sep 2026, ₹1.50 CrA loss in 6 of the 7 quarters shown
| ₹ crore | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|
| Revenue | 676 | 645 | 899 | 954 | 1,175 | 1,217 | 1,464 |
| Net profit | −234 | −178 | −154 | −85 | −100 | −51 | 2 |
| Net margin | −34.7% | −27.6% | −17.1% | −8.9% | −8.5% | −4.2% | 0.1% |
Standalone. The 7 quarters from Mar 2025, the first on record. The latest is shaded.
Year to Mar 2026, against the year before
- RevenueRevenue. The pill is the change in revenue against the year before: this period's figure divided by that one's, less one, in per cent.
- ₹3,672 Crup 62.83%
- Net profitNet profit. Under it, net profit in the year before. A change in per cent is not worked out where either period is a loss or nothing.
- −₹517 CrYear to Mar 2025: −₹812 Cr
- Net margin
- −14.1%
Revenue by year
Peak revenue ₹3,672 Cr, year to Mar 2026; lowest ₹2,255 Cr, year to Mar 2025
Net profit by year, a loss in red
- Net profit
- Loss
| ₹ crore | Mar 2025 | Mar 2026 |
|---|---|---|
| Revenue | 2,255 | 3,672 |
| Net profit | −812 | −517 |
| Net margin | −36.0% | −14.1% |
Standalone. Years to March. The latest is shaded.
Business segments
In the year to Mar 2026 the company reports one business segment, Automotive Segment, which carries all its revenue.
Valuation
Today, against the company's own history. Not shown, P/E: loss, last twelve months. Dividend yield is not shown: no dividend in the years on record.Ather Energy PE ratio and valuation
Price to bookPrice to book. Market cap divided by the net worth that belongs to the company's own shareholders, its assets less everything it owes and less the other owners' share of its subsidiaries, on its latest balance sheet.
At or below today's level on 65% of 247 trading days over the last year.
LowestHighest
Its median13.61Industry median2.17
Mutual fund holdings
209 funds disclosed a holding for Sep 2026. What they did in Sep 2026, against each fund's month before. 67 of the 113 funds that added or cut are index funds, ETFs or arbitrage funds: an index fund or ETF holds what its index holds, and an arbitrage fund holds the share against a sale of its future. 1 more fund filed its first portfolio on record, holding it.All 209 funds holding Ather Energy
- Bought for the first timeBought for the first time. Funds that held it at the month's end and had not held it in any month on record before.
- 15
- AddedAdded. Funds that held more shares than at the end of the month before.
- 30
- CutCut. Funds that held fewer shares than at the end of the month before.
- 83
- Held unchangedHeld unchanged. Funds that held the same number of shares as at the end of the month before.
- 80
- Sold outSold out. Funds that held it at the end of the month before and hold none at this month's end. Sold out in the glossary
- 6
| Fund | |||
|---|---|---|---|
 SBI Small Cap FundSBI Mutual Fund | 1,01,27,789 | 3.51% | ₹1,443.2 Cr |
 HSBC Midcap FundHSBC Mutual Fund | 35,75,204 | 3.03% | ₹509.5 Cr |
 Aditya Birla Sun Life Flexi Cap FundAditya Birla Sun Life Mutual Fund | 33,00,000 | 1.68% | ₹470.3 Cr |
 Motilal Oswal Large and Midcap FundMotilal Oswal Mutual Fund | 32,28,505 | 2.32% | ₹460.1 Cr |
| Motilal Oswal Flexi cap FundMotilal Oswal Mutual Fund | 30,17,383 | 3.20% | ₹430.0 Cr |
 Axis Midcap FundAxis Mutual Fund | 26,65,910 | 1.13% | ₹379.9 Cr |
| HSBC Small Cap FundHSBC Mutual Fund | 24,02,232 | 1.85% | ₹342.3 Cr |
| Axis ELSS Tax Saver FundAxis Mutual Fund | 22,89,343 | 1.08% | ₹326.2 Cr |
 HDFC Flexi Cap FundHDFC Mutual Fund | 19,14,837 | 0.25% | ₹272.9 Cr |
| SBI Innovative Opportunities FundSBI Mutual Fund | 16,49,596 | 4.59% | ₹235.1 Cr |
Portfolios disclosed for Sep 2026. Weight is the holding as a share of the fund's assets.
Promoter and insider buying and selling
Trades made since 30 Oct 2025.Ather Energy insider trading
No promoter, director, key manager or employee bought or sold on the market.
- Promoters and promoter group: no market trade · 3 off-market moves
- Others: no market trade · 97 pledge filings of unclear kind
Bought and sold count trades on the market only. A pledge is shares given to a lender as security for a loan; a lender invokes it by selling them.
Ather Energy competitors and peers
2/3 Wheelers, 13 listed companies, priced on 30 Oct 2026. The table lists the 8 companies closest to Ather Energy in market cap.Automobile companies
Ather Energy is not on the chart: it has no P/E today
| Company | ||||||||
|---|---|---|---|---|---|---|---|---|
 Bajaj AutoBAJAJ-AUTO | 2,84,422 | 21.76 | 7.77 | +47.9% | +56.9% | 36.9% | 23.6% | 1.45% |
 TVS Motor CompanyTVSMOTOR | 1,99,309 | 52.08 | 17.56 | +34.0% | +46.1% | 39.3% | 16.3% | 0.29% |
 Eicher MotorsEICHERMOT | 1,98,205 | 34.34 | 7.90 | +28.1% | +19.3% | 24.9% | 20.7% | 1.14% |
 Hero MotoCorpHEROMOTOCO | 1,03,413 | 17.23 | 4.42 | +27.0% | +13.6% | 27.0% | 27.3% | 3.58% |
 Ola Electric MobilityOLAELEC | 16,586 | – | – | −49.2% | – | −41.0% | −26.9% | 0.00% |
 Zelio E MobilityZELIO | 2,199 | 77.46 | 19.72 | – | – | 25.5% | – | 0.00% |
 Mercury Ev-TechMERCURYEV | 602 | – | 2.17 | +4.2% | – | – | 0.7% | 0.00% |
 Tunwal E-MotorsTUNWAL | 132 | 10.27 | 1.05 | +55.0% | +8.8% | 11.2% | – | 0.44% |
Market cap in ₹ crore. Growth is the last twelve months against the twelve before. A figure is left empty where it would rest on a loss or the company has under a year of results on record. ROE is the shareholders' profit over their net worth. ROCE is profit before interest and tax over the whole group's net worth plus borrowings, as in the figures at the top of the page.
Latest announcements
Routine notices left out.Ather Energy announcements
Oct 2026
26 Oct · Results
16 Oct · Analysts
Ather Energy share price by year
Each calendar year to 2025.Ather Energy share price history
| Year | Close at year end | Change | Highest close | Lowest close |
|---|---|---|---|---|
| 2025 | 754.75 | – | 765.85 | 300.20 |
₹ per share, adjusted for splits and bonuses since. Change is on the close at the end of the year before. 2025 is from its first session, 6 May 2025.
Recent sessions
The 9 trading days to 29 Oct 2026, as traded on NSE; the latest is at the top of the page.
| Date | Open | High | Low | Close | Average price | Volume | Delivery |
|---|---|---|---|---|---|---|---|
| 29 Oct 2026 | 1,654.90 | 1,678.00 | 1,633.00 | 1,663.00 | 1,659.40 | 16,83,201 | 34.5% |
| 28 Oct 2026 | 1,679.90 | 1,679.90 | 1,636.30 | 1,650.00 | 1,654.40 | 26,45,704 | 28.9% |
| 27 Oct 2026 | 1,607.00 | 1,702.00 | 1,607.00 | 1,674.00 | 1,659.35 | 1,30,21,843 | 23.0% |
| 26 Oct 2026 | 1,365.60 | 1,623.00 | 1,345.70 | 1,575.00 | 1,502.89 | 91,30,811 | 25.2% |
| 23 Oct 2026 | 1,431.00 | 1,442.30 | 1,356.90 | 1,380.00 | 1,377.29 | 34,50,146 | 42.4% |
| 22 Oct 2026 | 1,438.00 | 1,454.80 | 1,420.20 | 1,425.30 | 1,436.83 | 14,58,352 | 34.6% |
| 21 Oct 2026 | 1,467.20 | 1,498.40 | 1,426.20 | 1,447.20 | 1,447.27 | 21,56,552 | 34.5% |
| 19 Oct 2026 | 1,470.00 | 1,501.00 | 1,455.30 | 1,459.00 | 1,481.39 | 19,29,718 | 32.1% |
| 16 Oct 2026 | 1,474.40 | 1,489.40 | 1,461.20 | 1,470.00 | 1,476.69 | 14,13,412 | 30.6% |
Prices in ₹ per share as traded, not adjusted.
Company details
- NSE symbol
- ATHERENERG
- BSE code
- 544397
- ISIN
- INE0LEZ01016
- Industry
- Automobiles
- Website
- www.atherenergy.com
- CIN
- L40100KA2013PLC093769
- Corporate identity number, the registrar of companies' code for it
- Incorporated
- 2013
- Registered office
- 3rd Floor, Tower D IBC Knowledge Park, #4/1, Bannerghatta Main Road, Bengaluru 560029, Karnataka
- Share registrar
- MUFG Intime India Pvt. Ltd
- Keeps the register of shareholders and handles transfers and dividend payments
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