Ather Energy Ltd.
NSE: ATHERENERGAther Energy Ltd.: A 30-second snapshot
Ather Energy (ATHERENERG) trades at ₹937.40, up 209.73% over 12 months, above both its 50-DMA (₹826) and 200-DMA (₹664), and just 5.26% below its 52-week high. The company remains loss-making with ROE of -33.74%, profit margin of -14.09%, and a D/E of 25.82 that is rising. Revenue has grown at a 5-year CAGR of 73.7%, but FCF has not turned positive in any year of available history.
P/E
—
Forward P/E
-337.5
ROE
-33.7%
Debt / Equity
25.82
Profit Margin
-14.1%
Div. Yield
—
5Y ROE > 15%
0/5
5Y FCF > 0
0/5
Quality
38/100
News
4 headlines · 3 positive · 1 negative
India's Ather Energy narrows quarterly loss as Rizta e-scooter drives sales growth - marketscreener.com
marketscreener.com
Nomura Adjusts Ather Energy's Price Target to INR1,120 from INR1,111, Keeps at Buy - marketscreener.com
marketscreener.com
Ather Energy says expectation of commodity costs to remain volatile and elevated in the short-term due to ongoing geopolitical factors - marketscreener.com
marketscreener.com
EV Stocks Rally as PM Modi Pushes Electric Mobility - HDFC Sky
HDFC Sky
Recent context
- ·In the quarter ending May 2026, Ather narrowed its quarterly loss as the Rizta e-scooter drove sales growth, per a report dated 4 May 2026.
- ·Nomura adjusted its price target for Ather to ₹1,120 from ₹1,111, retaining its stated rating of Buy, as reported on 5 May 2026.
- ·Management flagged expectations of volatile and elevated commodity costs in the near term due to ongoing geopolitical factors, flagged as a risk in a 4 May 2026 disclosure.
Strengths
- +Revenue has grown at a 5-year CAGR of 73.7%, reflecting rapid scale-up in the domestic electric two-wheeler segment.
- +Price is trading above both 50-DMA (₹826) and 200-DMA (₹664), and the 52-week drawdown is only -5.26%, indicating sustained price resilience over the past year.
- +3-month price change of +30.88% and 1-year change of +209.73% reflect strong market-price momentum relative to the broader Auto sector.
- +Nearest technical support levels are ₹890, ₹740, and ₹691, providing a graduated downside reference structure from the current price of ₹937.
Weaknesses
- −ROE of -33.74% and profit margin of -14.09% confirm the company has not yet reached profitability; FCF-positive years = 0 and ROE years above 15% = 0 in available history.
- −D/E of 25.82 is substantially elevated, and the debt trend is classified as rising — debt-servicing capacity is constrained by negative earnings.
- −Forward PE of -337.54 reflects negative projected earnings; trailing PE is unavailable due to current losses. Quality score of 36 places Ather last among Auto peers with a meaningful quality rank (5th of 6).
- −Among Auto sector peers with reported ROE data, Ather ranks last at -33.74% versus Bajaj Auto (28.05%), M&M (18.75%), Maruti (14.43%), and TMPV (-1.12%).
Open questions
- ?At what pace does Ather need revenue to grow, and margins to improve, to service a D/E of 25.82 before current cash reserves are exhausted?
- ?Does the 73.7% 5-year revenue CAGR reflect structural market-share capture in EV two-wheelers, or is it sensitive to policy incentives that could be withdrawn or redirected?
- ?How does the trajectory of quarterly loss-narrowing compare to historical fundraising milestones, and what does that imply for when the company might reach FCF break-even?
- ?Given the price is already up 210% in 12 months and trades 19% above the 200-DMA, what scenarios could cause a meaningful compression toward longer-term moving averages?
Peer comparison: Auto
Ranks 4 of 6 on quality| Symbol | Name | P/E | ROE | Quality |
|---|---|---|---|---|
| ATHERENERG | Ather Energy Ltd.You're viewing | — | -33.7% | 36 |
| Industry avg | across 5 peers | 28.0 | +15.0% | 43 |
| EICHERMOT | Eicher Motors Ltd. | 36.1 | — | 60 |
| BAJAJ-AUTO | Bajaj Auto Ltd. | 27.0 | +28.1% | 55 |
| M&M | Mahindra & Mahindra Ltd. | 20.6 | +18.8% | 52 |
| MARUTI | Maruti Suzuki India Ltd. | 28.3 | +14.4% | 31 |
| TMPV | Tata Motors Passenger Vehicles Ltd. | — | -1.1% | 16 |
Technical state
Current price
₹937.40
SMA 50
₹826.23
SMA 200
₹664.04
RSI (14)
58.2 (neutral)
From 52w high
-5.3%
1Y return
+209.7%
3M return
+30.9%
50-DMA
Above
200-DMA
Above
Algorithmic support levels
Algorithmic resistance levels
Risk flags
- highROE of -33.74% and profit margin of -14.09% confirm the company is loss-making. FCF-positive years = 0, ROE years above 15% = 0, and consistency score = 0 across the available earnings history.
- highDebt-to-equity of 25.82 — versus Auto sector peers ranging from 0 to ~28 — combined with negative earnings means debt-servicing capacity is materially constrained. Debt trend is classified as rising.
- highForward PE of -337.54 reflects negative projected earnings; trailing PE is unavailable (current loss). Quality score of 36 ranks 5th of 6 among tracked Auto sector peers, above only TMPV (16).
- mediumROE ranks last (5th of 5 with reported ROE) among Auto peers: Bajaj Auto 28.05%, M&M 18.75%, Maruti 14.43%, TMPV -1.12%, vs Ather -33.74%. Quality score 36 ranks 4th of 6.
- lowOnly 4 news items collected; news sentiment analysis rests on a thin base. One article flags management expectation of volatile and elevated commodity costs in the near term.
Cross-section contradictions
- Stock is up 209.73% over 1 year and trades above both 50-DMA (₹826) and 200-DMA (₹664) with RSI at 58 and only 5.26% below its 52-week high, yet the company reports ROE of -33.74%, profit margin of -14.09%, D/E of 25.82, and zero FCF-positive years — price momentum and fundamental performance are sharply divergent.
- Mean analyst rating of 1.25 across 8 analysts (1–5 scale, lower = more constructive) aligns with strong price performance (+210% in 1 year), but stands in contrast to deeply negative profitability and near-zero consistency score on all fundamental quality metrics.
For informational purposes only. Not investment advice. VivaTrades is not a SEBI-registered Investment Adviser or Research Analyst. Market data sourced from public feeds; consult a registered adviser before any investment decision.
Fundamentals & technicals: refreshed 25 Jun 2026 · refreshed daily at 01:00 IST
AI synthesis (narrative, snapshot, strengths/weaknesses, peer ranking): generated 17 May 2026 · rotates through NIFTY 500 every ~5 days