About
Ather Energy Limited, an electric vehicle company, engages in the design, development, and sale of electric two-wheelers, and associated product ecosystem. The company also offers vehicle architecture and chassis; battery packs and battery management system; vehicle control unit; touchscreen dashboard; motor controller; transmission; signal harness; and fast charging system. In addition, it provides charging infrastructure, software, accessories and insurance policies in the capacity of corporate agent. The company was incorporated in 2013 and is headquartered in Bengaluru, India.
Key Metrics
as of Sep 2026Market Cap62,822 Cr
P/E—
Div Yield0.00 %
Book Value—
52w High₹1,744.00
52w Low₹492.00
Face Value₹1.00
Quarterly Results
Rs. Crores · hover row for definition| Metric | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 | Jun 2024 | Mar 2024 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 1,217.00 | 1,175.00 | 954.00 | 899.00 | 645.00 | 676.00 | 635.00 | 584.00 | 360.00 | 523.00 |
| Expenses | 1,250.00 | 1,244.00 | 1,026.00 | 1,031.00 | 779.00 | 848.00 | 776.00 | 723.00 | 489.00 | 762.00 |
| Operating Profit | -33.00 | -70.00 | -72.00 | -132.00 | -134.00 | -172.00 | -141.00 | -139.00 | -128.00 | -238.00 |
| OPM % | -2.70 | -6.00 | -8.00 | -15.00 | -21.00 | -25.00 | -22.00 | -24.00 | -36.00 | -46.00 |
| Other Income | 43.00 | 39.00 | 37.00 | 42.00 | 28.00 | 12.00 | 15.00 | 15.00 | 8.00 | 12.00 |
| Depreciation | 39.00 | 52.00 | 30.00 | 43.00 | 48.00 | 45.00 | 44.00 | 43.00 | 40.00 | 38.00 |
| Interest | 22.00 | 18.00 | 19.00 | 21.00 | 24.00 | 29.00 | 29.00 | 31.00 | 23.00 | 19.00 |
| Profit before tax | -51.00 | -100.00 | -85.00 | -154.00 | -178.00 | -234.00 | -198.00 | -197.00 | -183.00 | -283.00 |
| Tax % | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Net Profit | -51.00 | -100.00 | -85.00 | -154.00 | -178.00 | -234.00 | -198.00 | -197.00 | -183.00 | -283.00 |
| EPS in Rs | -1.33 | -2.62 | -2.22 | -4.05 | -4.79 | -8.06 | -64.21 | -64.01 | -61.17 | -24,720.77 |
Profit & Loss
Annual · Rs. Crores| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 |
|---|---|---|---|---|---|---|---|
| Sales | 3,672.00 | 2,255.00 | 1,754.00 | 1,781.00 | 408.00 | 80.00 | 35.00 |
| Expenses | 4,080.00 | 2,836.00 | 2,438.00 | 2,488.00 | 668.00 | 257.00 | 220.00 |
| Operating Profit | -408.00 | -581.00 | -685.00 | -708.00 | -260.00 | -177.00 | -185.00 |
| OPM % | -11.00 | -26.00 | -39.00 | -40.00 | -64.00 | -222.00 | -523.00 |
| Other Income | 146.00 | 50.00 | -139.00 | 21.00 | 4.00 | 7.00 | 14.00 |
| Interest | 82.00 | 111.00 | 89.00 | 65.00 | 40.00 | 28.00 | 24.00 |
| Depreciation | 173.00 | 171.00 | 147.00 | 113.00 | 48.00 | 35.00 | 25.00 |
| Profit before tax | -517.00 | -812.00 | -1,060.00 | -864.00 | -344.00 | -233.00 | -220.00 |
| Tax % | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Net Profit | -517.00 | -812.00 | -1,060.00 | -864.00 | -344.00 | -233.00 | -220.00 |
| EPS in Rs | -13.51 | -27.95 | -92,469.46 | -75,436.30 | -30,078.67 | -21,344.92 | -20,118.94 |
| Dividend Payout % | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Balance Sheet
Annual · Rs. Crores — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 |
|---|---|---|---|---|---|---|---|
| Equity Capital | 38.00 | 29.00 | 0.00 | 0.02 | 0.02 | 0.02 | 0.02 |
| Reserves | 2,534.00 | 464.00 | 545.00 | 614.00 | 224.00 | 376.00 | 250.00 |
| Borrowings | 664.00 | 619.00 | 478.00 | 485.00 | 365.00 | 219.00 | 132.00 |
| Other Liabilities | 1,485.00 | 988.00 | 890.00 | 878.00 | 229.00 | 146.00 | 137.00 |
| Total Liabilities | 4,722.00 | 2,101.00 | 1,914.00 | 1,977.00 | 819.00 | 741.00 | 518.00 |
| Fixed Assets | 627.00 | 616.00 | 459.00 | 544.00 | 335.00 | 307.00 | 178.00 |
| CWIP | 340.00 | 122.00 | 71.00 | 37.00 | 93.00 | 47.00 | 104.00 |
| Investments | 552.00 | 41.00 | 292.00 | 286.00 | 37.00 | 92.00 | 39.00 |
| Other Assets | 3,202.00 | 1,322.00 | 1,092.00 | 1,109.00 | 354.00 | 295.00 | 198.00 |
| Total Assets | 4,722.00 | 2,101.00 | 1,914.00 | 1,977.00 | 819.00 | 741.00 | 518.00 |
Cash Flows
Annual · Rs. Crores — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 |
|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | 32.00 | -721.00 | -268.00 | -871.00 | -226.00 | -140.00 | -182.00 |
| Cash from Investing Activity | -2,486.00 | -100.00 | 58.00 | -135.00 | 51.00 | -172.00 | -123.00 |
| Cash from Financing Activity | 2,497.00 | 703.00 | 633.00 | 1,317.00 | 228.00 | 296.00 | 313.00 |
| Net Cash Flow | 42.00 | -118.00 | 423.00 | 311.00 | 52.00 | -16.00 | 8.00 |
| Free Cash Flow | -474.00 | -1,060.00 | -383.00 | -1,001.00 | -297.00 | -227.00 | -298.00 |
| CFO/OP % | -8.00 | 124.00 | 39.00 | 123.00 | 87.00 | 79.00 | 98.00 |
Ratios
Annual · Days / % — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 |
|---|---|---|---|---|---|---|---|
| Debtor Days | 1.00 | 2.00 | 0.00 | 0.00 | 1.00 | 0.00 | 0.00 |
| Inventory Days | 35.00 | 48.00 | 26.00 | 59.00 | 57.00 | 226.00 | 79.00 |
| Days Payable | 105.00 | 109.00 | 90.00 | 88.00 | 113.00 | 269.00 | 47.00 |
| Cash Conversion Cycle | -68.00 | -60.00 | -64.00 | -29.00 | -56.00 | -43.00 | 32.00 |
| Working Capital Days | 60.00 | -69.00 | -122.00 | -36.00 | -203.00 | -425.00 | -225.00 |
| ROCE % | -20.00 | -66.00 | -75.00 | -95.00 | -51.00 | -42.00 | — |
Corporate Actions
No corporate actions recorded.