₹1858.1
+1.93% today
· 30d +29.84%
as of 2026-11-09
Price · Daily Candles
“Ather Energy: Quadruple-digit returns as quarterly revenue surges, but profitability remains elusive.”
Ather Energy has delivered astounding 1-year returns of 334.94%, driven by an 88.79% YoY jump in quarterly revenue to ₹1217 Cr. Despite this top-line expansion, the company recorded a net loss of ₹-51 Cr and an operating profit of only ₹9 Cr in the latest quarter, reflecting persistent profitability challenges.
BULL CASE
+The stock has delivered exceptional returns, with 1-year price appreciation of 334.94% and 6-month returns of 141.79%.
+Quarterly revenue grew by 88.79% YoY to ₹1217 Cr, demonstrating strong top-line momentum.
+FIIs and DIIs both increased their stake QoQ by 0.54% and 0.53% respectively in the current quarter ending 2026-07-20.
+ML predictions show strong ranks for FCF growth: 0.708 for rolling 4-year and 0.777 for stable 7-year periods.
+The stock is trading only 3.07% off its 52-week high of ₹1500, indicating positive market sentiment.
BEAR CASE
−Despite significant revenue growth, the company remains unprofitable, reporting a net loss of ₹-51 Cr in the latest quarter and a negative EPS of -1.33.
−Operating profit for the quarter was a mere ₹9 Cr, resulting in a low operating profit margin of 0.75%.
−Promoter shareholding decreased by 1.14% QoQ to 39.58% in the quarter ending 2026-07-20.
−The company is free-cash-flow negative at -₹474 Cr, representing a -0.85% FCF yield.
−The stock is trading at a high Price-to-Sales ratio of 13.66, which is significantly higher than some established auto manufacturers.
⟳ What Changed
₹ Latest Earnings · Q ending 2026-09-30
REVENUE
₹1464 Cr
+62.89% YoY
NET PROFIT
₹1 Cr
OPM
4.86%
+14.5pp YoY
EPS
₹0.03
Intrinsic value · DCF: N/A — Company is currently free-cash-flow negative (-0.7% of mktcap). DCF assumes a going concern generating positive cash flow; a meaningful intrinsic value can only be computed once FCF turns positive. Use the Strategy Fit and ML sections instead.
◇ Sector Position
Ather Energy, with its negative P/E and 0.75% OPM, stands out for its high growth but significant unprofitability compared to peers like Eicher Motors (P/E 37.74, ROCE 29.32%) and TVS Motor (P/E 57.65, ROCE 27.27%) in the Auto Manufacturers sector.
PEERPEROCE %
ATHERENERG——
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ML Forward Growth Predictions 🔒
73
SCORE / 100
Overall
6-axis composite of the sections below.
Performance
STRONG
100
Valuation
—
—
Growth
STRONG
80
Profitability
AVERAGE
30
Technicals
NEUTRAL
65
Risk
LOW
90
Key Stats
P/B
21.88
52W HIGH
₹1871.8
OFF HIGH
-0.73%
MKT CAP
₹70908 Cr
◉ Active Signals
MACDBullish25.4006
RSI(14)Bearish76.2
Near 52W HighBullish-0.73
Street Consensus
10 analysts₹1288.7
mean target
Low ₹990.0Now ₹1858.1High ₹1570.0
⧉ Strategy Fit 🔒