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Ather Energy Limited (ATHERENERG) AI Stock Analysis
Ather Energy Limited
(NSE:ATHERENERG)
The score is held back mainly by weak financial performance: despite rapid revenue growth and improving gross margin, the company is still loss-making with materially negative free cash flow. Technicals are moderately supportive with price above major moving averages, but valuation remains pressured by negative earnings and no dividend yield data.
Ather Energy Limited (ATHERENERG) vs. iShares MSCI India ETF (INDA)
- Market Cap
- INR 696.64B
- Dividend Yield
- ―
- Average Volume (3M)
- 412.55K
- Price to Earnings (P/E)
- -286.0
- Beta (1Y)
- 1.41
- Revenue Growth
- ―
- EPS Growth
- ―
- Country
- India
- Employees
- 1,617
- Sector
- General
- Sector Strength
- 55
- Industry
- Auto - Manufacturers
Ather Energy Limited Business Overview & Revenue Model
Company Description
Ather Energy Limited is an innovative electric vehicle manufacturer focused on the full lifecycle of electric two-wheelers, from conceptual design and engineering to market distribution, alongside an integrated product ecosystem. Its comprehensive te...
How the Company Makes Money
Ather Energy primarily makes money by selling electric two-wheelers (electric scooters) to consumers through its sales and distribution channels; revenue is recognized from the vehicle sale and associated accessories or add-ons sold at purchase. In a...
Ather Energy Limited Financial Statement Overview
Summary
Strong FY2026 revenue acceleration (~140% YoY) and improving unit economics (gross margin turning slightly positive) plus better leverage, but operating/net margins remain deeply negative and free cash flow is materially negative, implying continued funding needs.
Income Statement
28NegativeBalance Sheet
55NeutralCash Flow
24Negative| Breakdown | TTM | Mar 2025 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 31.76B | 22.55B | 36.72B | 17.51B | 17.80B | 4.08B |
| Gross Profit | -1.21B | -2.28B | 1.20B | 836.00M | 1.56B | 225.00M |
| EBITDA | -3.91B | -5.33B | -2.62B | -8.27B | -6.89B | -2.56B |
| Net Income | -6.51B | -8.12B | -5.17B | -10.60B | -8.64B | -3.44B |
Balance Sheet | ||||||
| Total Assets | 0 | 21.01B | 47.22B | 19.14B | 19.77B | 8.19B |
| Cash, Cash Equivalents and Short-Term Investments | 12.73B | 4.11B | 13.75B | 6.54B | 3.69B | 947.00M |
| Total Debt | 0 | 7.62B | 6.64B | 4.78B | 6.72B | 3.65B |
| Total Liabilities | -27.21B | 16.04B | 21.49B | 13.68B | 13.63B | 5.94B |
| Stockholders Equity | 27.21B | 4.93B | 25.73B | 5.46B | 6.14B | 2.25B |
Cash Flow | ||||||
| Free Cash Flow | -2.20B | -11.18B | -4.39B | -4.34B | -10.03B | -3.36B |
| Operating Cash Flow | 734.00M | -7.79B | 671.70M | -3.18B | -8.71B | -2.64B |
| Investing Cash Flow | -17.78B | -4.18B | -26.47B | -2.54B | -1.35B | -96.00M |
| Financing Cash Flow | 22.09B | 8.00B | 25.81B | 7.10B | 13.17B | 2.69B |
Ather Energy Limited Technical Analysis
Price Trends
Market Momentum
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:ATHERENERG, the sentiment is Positive. The current price of 1755.05 is above the 20-day moving average (MA) of 1498.94, above the 50-day MA of 1527.87, and above the 200-day MA of 1080.96, indicating a bullish trend. The MACD of 43.72 indicates Negative momentum. The RSI at 70.76 is Negative, neither overbought nor oversold. The STOCH value of 88.92 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:ATHERENERG.
Ather Energy Limited Peers Comparison
Overall Rating
IN:EICHERMOT83Outperform
IN:HEROMOTOCO82.9Outperform
IN:BAJAJ.AUTO61Neutral
IN:TVSMOTOR59Neutral- IN:ATHERENERG48Neutral
IN:OLAELEC41Neutral
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| IN:EICHERMOT | 83Outperform | INR 1.98T | 34.31 | ― | 1.14% | 28.07% | 19.24% |
| IN:HEROMOTOCO | 83Outperform | INR 1.03T | 17.23 | ― | 3.59% | 27.00% | 13.55% |
| IN:BAJAJ.AUTO | 61Neutral | INR 2.84T | 22.04 | ― | 1.45% | 47.85% | 57.37% |
| IN:TVSMOTOR | 59Neutral | INR 2.00T | 52.06 | ― | 0.29% | 34.00% | 46.03% |
| Sector * | 55Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
| IN:ATHERENERG | 48Neutral | INR 696.26B | -285.99 | ― | ― | ― | ― |
| IN:OLAELEC | 41Neutral | INR 165.76B | -8.17 | ― | ― | -49.16% | 26.59% |
* General Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| IN:ATHERENERG | Ather Energy Limited | 1755.05 | 1064.05 | 153.99% | |
| IN:BAJAJ.AUTO | Bajaj Auto Limited | 10350.00 | 1549.33 | 17.60% | |
| IN:EICHERMOT | Eicher Motors Limited | 7210.00 | 263.10 | 3.79% | |
| IN:HEROMOTOCO | Hero Motocorp Limited | 5152.40 | -199.82 | -3.73% | |
| IN:OLAELEC | Ola Electric Mobility Limited | 33.16 | -17.07 | -33.98% | |
| IN:TVSMOTOR | TVS Motor Company Limited | 4200.00 | 699.99 | 20.00% |
Ather Energy Limited Corporate Events
Ather Energy Publishes Q2 FY 2026-27 Earnings Call Recording
Ather Energy Limited has notified the exchanges that it conducted its earnings call for the quarter and half year ended September 30, 2026, on October 26, 2026. The call discussed unaudited standalone and consolidated financial results and aligns wit...
Ather Energy Files CARE Monitoring Report on IPO and QIP Fund Utilisation
Ather Energy Limited has submitted to the National Stock Exchange of India and BSE Limited the latest Monitoring Agency Report from CARE Ratings on the use of funds raised via its IPO, Qualified Institutions Placement, and preferential issue for the...
Ather Energy Expands Equity Base With New ESOP Share Allotment
Ather Energy Limited has allotted 168,340 new equity shares with a face value of INR 1 each to employees who exercised options under its Ather Energy ESOP 2025 Plan, with the newly issued shares ranking pari passu with existing equity shares in all r...
Ather Energy Secures IRDAI Nod for Insurance Subsidiary to Act as Composite Corporate Agent
Ather Energy Limited announced that its wholly owned subsidiary, Ather Insurance Limited, has received a Certificate of Registration from the Insurance Regulatory and Development Authority of India to operate as a composite corporate agent. The licen...
Ather Energy Schedules Bengaluru Investor Meets in September 2026
Ather Energy Limited has notified the stock exchanges that it will hold group meetings with investors and analysts in Bengaluru on September 7 and September 9, 2026, conducted in a physical format. These interactions are part of the company’s o...
Ather Energy Grants 80,223 ESOPs Under 2025 Plan
Ather Energy Limited’s board has approved the grant of 80,223 employee stock options under its Ather Energy ESOP 2025 plan to eligible employees, with each option convertible into one equity share of face value INR 1 at an exercise price of INR...
Ather Energy Issues New Shares Under ESOP, Expands Paid-Up Capital
Ather Energy Limited’s board has approved the allotment of 367,875 equity shares with a face value of INR 1 each to employees exercising options under the Ather Energy ESOP 2025 Plan. The newly issued shares will rank pari-passu with existing e...
Ather Energy Grants New ESOPs to Strengthen Talent Alignment
Ather Energy Limited operates in India’s electric mobility sector, focusing on the design, manufacture, and sale of electric two-wheelers and related clean-transport technologies. The company targets urban and tech-savvy consumers seeking susta...
Ather Energy Publishes AGM Notice and Annual Report for FY 2025-26
Ather Energy Limited has notified stock exchanges that it has dispatched the notice for its 13th Annual General Meeting along with the Annual Report for the financial year 2025-26. The company has also provided shareholders with details on e-voting a...
Ather Energy Sets August 19 Virtual AGM, Publishes FY 2025-26 Report
Ather Energy Limited has scheduled its Thirteenth Annual General Meeting for August 19, 2026, to be conducted via video conferencing and other audio-visual means, reflecting the company’s continued use of digital channels for shareholder engage...
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.
Date of analysis: Oct 27, 2026