Ather Energy share price today

Ather Energy Ltd's share price was ₹1,756.00 at the close on 30 October 2026. It has been rising for 75 weeks. That is 51.4% above its average price over the last 200 trading days. In the last 52 weeks it traded between ₹601 and ₹1,756, and at that close it was at the high of that range.

A share price tends to move through four phases: moving sideways (stage 1), rising (stage 2), stalling near a high (stage 3) and falling (stage 4). Today Ather Energy Ltd is in stage 2. The phase helps read everything below.

Over the past 13 weeks it has done better than the NIFTY 500, and it has stayed ahead for 46 weeks in a row.

Over the last 1 year the share price moved +485% while the NIFTY 500 moved −3%, so it is ahead of the index over that whole period. The chart above shows the 13-week comparison for every week.

This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row.

Three changes stood out: best operating margin in 11 quarters, number of shareholders up 145% in a year and revenue up on a year earlier for 7 quarters in a row (every quarter we can compare).

1. Best operating margin in 11 quarters

   Operating margin was 0.8% in the September 2026 quarter, against -14.7% a year earlier.

   Why: Margins improved because higher sales helped cover fixed costs, so the company made more on each extra scooter.

   Next results: check whether material costs stay flat and customer prices hold as more scooters are made.

   From the earnings call on 26 Oct 2026.

2. Number of shareholders up 145% in a year

   3,47,160 shareholders in the September 2026 quarter, against 1,41,467 a year earlier.

3. Revenue up on a year earlier for 7 quarters in a row (every quarter we can compare)

   In the September 2026 quarter revenue was ₹1,464 crore, +62.9% on a year earlier.

   Why: Revenue rose because Ather sold more scooters as demand stayed ahead of supply.

   Next results: check whether new factory lines start making scooters on time and whether Konarc demand moves beyond northern markets.

   From the earnings call on 26 Oct 2026.

For July to September 2026 (the quarter ended 30 September 2026), Ather Energy reported revenue of ₹1,464 crore, up 62.9% from ₹899 crore a year earlier, and a profit of ₹1.50 crore, against a loss of ₹154 crore a year earlier.

Ather Energy results: July to September 2026 against a year earlier

The next results, for October to December 2026, are due by 14 February 2027: listed companies must publish quarterly results within 45 days of the quarter's end (60 days for the January to March quarter).

Ather Energy's management discussed these results on a call held on 26 October 2026; what it said is further down this page.

From the company's reported quarterly results (quarter ended 30 September 2026). Revenue and profit in ₹ crore.

Ather Energy closed at ₹1,756.00 on 30 October 2026, up 153.8% from ₹691.95 a year earlier (31 October 2025). Its highest weekly close since May 2025 was ₹1,756.00 on 30 October 2026.

Ather Energy share price: then and now

Weekly closing prices. Each change is the move from that price to the 30 Oct 2026 close. A day's intraday high or low can go beyond these weekly closes.

85 weekly closes from 9 May 2025 to 30 October 2026.

30 Oct 2026: Ather Energy closed at ₹1,756.00, up 27.2% on the week and up 24.9% on the month. 26 Oct 2026: Ather Energy held its results call for July to September 2026. Management guided: AURIC trial production expected within the next few weeks; capital spending and capacity installation planned for January to March 2027.

Earlier

• Results for July to September 2026: Revenue up 62.9% on a year earlier.

Ather Energy has paid no dividend on the NSE since its first NSE close in our records (9 May 2025), the start of the period we checked.

No. Ather Energy Ltd paid out 0% of its profit as dividends in each of its last 7 reported years, so there is no payout history to show. That comes from the filed annual statements, not an estimate.

From the NSE corporate-actions record, read 5 November 2026.

On the call for July to September 2026, held on 26 October 2026, Ather Energy's management guided: AURIC trial production expected within the next few weeks; capital spending and capacity installation planned for January to March 2027.

“I do want to point out, however, that we are not out of the woods. There is a lot of work for us to deliver on, and PAT is not the first thing to focus on. The real thing to focus on is the top line.”Tarun Mehta, on the call for July to September 2026

What management guided

• Hosur +6,000 units/month later this quarter; AURIC +12,000/month by July to September 2027, taking installed capacity to 11.4 lakh annually.
• AURIC Phase 1 base capacity of 42,000 units expected to take two quarters to ramp.
• No further price hikes in Q3.
• Konarc like-for-like gross margin could be 6%-7% above Rizta over the long term, variant-dependent.

Management’s own plans and goals, from our notes of the call. A plan is not a result.

Source: the call transcript.

From the call for July to September 2026, 26 October 2026.

When Ather Energy reports October to December 2026, these are the 3 checks that show whether the story is still on course. First: Hosur's planned capacity ramp should become visible in production after commissioning; check output progression.

Ather Energy is on 3 of our India lists: Momentum stocks, 52 week high & low and Small & mid cap stocks.

Ather Energy Ltd earned ₹1.5 Cr of net profit in the Sep 2026 quarter. The full FY26 year was a loss of ₹517 Cr. That is 0.1% of the quarter's revenue. The same quarter a year earlier lost ₹154 Cr. 10 of the last 11 reported quarters were loss-making.

Net profit is what is left after every cost, interest and tax. Earnings per share, dividends and book value all grow from it.

Ather Energy Ltd reported ₹1,464 Cr of revenue in the Sep 2026 quarter, +62.9% on the same quarter a year earlier. That is the 7th quarter in a row with growth on the year before. Over 6 years it has grown 117.2% a year on average. The last full year, FY26, came in at ₹3,672 Cr.

Revenue is everything the company billed its customers in the period.

The last four reported quarters add to ₹4,809 Cr.

FY26 revenue was ₹3,672 Cr, +62.8% on the year before.

Recent pace: the last four quarters grew +68.9% on average, against 117.2% a year over the longer run, so this year is growing slower than its own long-run rate.

Ather Energy Ltd's operating margin was 0.8% in the Sep 2026 quarter, 15.5 percentage points higher than the same quarter a year ago. Across 7 years it has been between −523.0% and −11.0%. The latest quarter is above every full year in that period.

Operating margin is what is left from every ₹100 of sales after the costs of running the business, before interest and tax. It shows pricing power and cost control.

Why the margin moved: operating margin changed +15.5 percentage points on the year while gross margin changed +2.0 points. So the gain came mostly from costs below the gross margin, such as staff and overheads, measured against sales.

Ather Energy Ltd's cash-flow history is too short to judge how much of its profit turns into cash. In FY26 it brought in ₹32.0 Cr of operating cash against −₹517 Cr of profit. After ₹402 Cr of spending on assets, free cash was −₹370 Cr: it spent more than its operations brought in.

The profit and loss account shows what was earned. The cash-flow statement shows the cash that actually came in. Comparing operating cash flow with profit is one of the best checks that a profit is real.

Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year.

What to look at next: the bigger use of cash is spending on new assets, at 1.8× depreciation over three years. The next section checks what that spending is building.

Ather Energy Ltd's cash cycle, the days between paying suppliers and getting paid by customers, was −68 days in FY26, down from −43 days in FY21. It spent ₹877 Cr on assets over the last 3 years. Customers take 1 days to pay, and stock sits for 35 days on average.

Working capital is the cash tied up between paying suppliers and getting paid. Debtor days: how long customers take to pay. Inventory days: how long stock sits. The cash cycle: the whole loop, in days of sales.

At FY26 sales of ₹3,672 Cr, each day of that cycle ties up about ₹10.1 Cr, so roughly −₹684 Cr is tied up in the business at any time.

FY26: customers took 1 days to pay and stock sat for 35 days, about 1.2 months of sales sitting as stock, for a full cycle of −68 days, shorter than FY21's −43.

The full loop: cash goes out to suppliers and production on day 0. Stock sits for 35 days. Customers pay about 1 days after that. Suppliers are paid at 105 days. Together that makes the −68-day cycle.

Spending on assets: ₹877 Cr over the last 3 years, against ₹491 Cr of depreciation (the yearly wear and tear on existing assets). So it is building well beyond replacing what wears out. Work still in progress is ₹340 Cr (FY26): assets paid for that are not earning yet.

In short: the cash is going into new capacity, not getting stuck in the daily cycle. The question is whether the new capacity earns.

Ather Energy Ltd has no P/E right now, because its earnings are negative. The revenue and margin sections are where a turn would show first. Measured against sales instead, the market values Ather Energy Ltd at 19.0× its FY26 revenue of ₹3,672 Cr. The P/E comes back here once profit turns positive.

P/E is the share price divided by a year's profit per share: how many rupees the market pays for each rupee of yearly profit.

Ather Energy Ltd's business trend cannot be read yet. There are fewer than eight usable quarters of growth figures, so there is not enough history to read the trend. This is based on 8 quarters of 1 measure, with some gaps.

Every business is somewhere on a path of getting better or worse, and this section names where. The last 12 quarters of growth in revenue, profit and earnings per share, plus the return the business earns on its capital, are read as lines. Getting worse: the lines are falling. Turning around: a low point has just formed and the last few quarters are rising from it. Getting better: the rise from the low has lasted. Growing steadily: steady growth with healthy returns. Slowing from a peak: still high, but slowing. When the lines disagree the result is mixed; too little history means no reading. CAGR (compound annual growth rate) is the steady yearly rate that would turn the starting value into the latest one. It is the fairest way to compare growth over different periods. If the 1-year figure is much bigger than the 10-year one, recent growth is running faster than the long-run trend. A dash means there is no figure for that period, or the starting year was a loss, where a growth rate means nothing.

Why it matters: with too little history, we say so rather than guess a direction.

One or more growth lines have an extreme jump caused by comparing with a near-zero or loss-making quarter. Those jumps are capped before reading and drawn at the edge of the chart, so one odd quarter does not decide the result.

There are fewer than eight usable quarters, so this page does not guess a direction from so little history.

Compound annual growth rate (%)

Compound annual growth rate over each period, %. Revenue, profit and EPS come from yearly figures; the share price row is price growth over the same periods. A dash means no figure for that period, or the starting year was a loss.

October to December 2025 revenue ₹954 Cr (+50% on a year earlier), units 68,000 (+50% on a year earlier), gross margin doubled to 25%. Operating margin improved 1,600 basis points on a year earlier to -3% (from -46%). Profit loss narrowed to ₹79.6 Cr from ₹198 Cr. Market share at all-time high 18.8%. CEO Tarun Mehta: "on the journey to profitability.not just 'show me the path' but also 'move on that path'", motivational but non-committal. EL platform launch delayed to "next year" (FY27), was initially "later FY26/early FY27". Store network at 600, aiming for 700 by FY26 end. Glassdoor: N/A.

Regulatory and governance record

FAME II subsidy fraud allegation by FSI (Federation of Small Shareholders) in January 2023: alleged Ather bypassed the ₹1.5 lakh ex-factory price cap by separating charger (₹19,975) and software (₹23,010) to claim ~₹368 Cr in subsidies on 70,769 scooters. Ather declined to comment. While FSI's credibility is debatable and this was never formally adjudicated, it's a governance flag. Additionally, the company has reported continuous losses since inception (2013), ₹344 Cr (FY22), ₹865 Cr (FY23), ₹1,060 Cr (FY24), negative cash flows from operations continuously. IPO prospectus explicitly warns of "no assurance" of future profitability.

Checked 22 March 2026.

Ather Energy Ltd earned a ROCE of −20% in FY26. That is up from a low of −95% in FY23. Its return on capital used (ROIC) is 17.0 percentage points below its cost of capital, so growth here does not yet pay for the capital it uses.

Return on capital employed (ROCE) is the profit the whole business earns on all the money in it, from shareholders and lenders together. It is the best single test of whether growth adds value or just size.

It comes from a −14.1% net margin and 0.78× asset turnover (sales divided by assets).

Why the return is what it is (FY26): a −14.1% net margin × 0.78× asset turnover × 1.84× leverage (assets divided by equity) ≈ −20.2% on equity. The margin does its share; borrowing is a big part of it.

The key test, return on capital used minus the cost of capital: −5.0% − 12.0% = −17.0 percentage points. The 12.0% is a standard assumption for the cost of capital in India, not an estimate for this company. Read the sign and size of the gap, not the decimals. Negative: growth at these returns loses value until returns improve.

Ather Energy Ltd has total debt of ₹962 Cr against shareholder equity of ₹4,286 Cr as of Sep 2026, so its debt is 0.22× its equity, which is very little. Year by year, that ratio went from 0.88 in FY24 to 0.26 in FY26. So the returns on this page come from the business, not from borrowed money.

Debt-to-equity shows how much of the business is paid for with borrowed money. Lower is safer, and the direction matters as much as the level.

Foreign institutions cut their stake in Ather Energy Ltd by 9.0 percentage points over 6 quarters, the biggest change among its owners. Foreign institutions now own 15.1% of the company. Domestic institutions moved +3.0 points over the same period, to 27.0%. This uses the four owner groups that companies report every quarter; nothing is guessed between filings.

Who owns the company each quarter: promoters (the founders or controlling owners), foreign institutions, domestic institutions such as mutual funds, and the public. When people close to the business steadily raise their stake, that is worth noticing; a quiet list is also an answer.

Over the last two years: Foreign institutions: −9.0 points over 6 quarters, to 15.1%; Domestic institutions: +3.0 points over 6 quarters, to 27.0%; Promoters: +0.2 points over 6 quarters, to 42.3%.

Why the owners changed: foreign institutions moved −9.0 points and domestic institutions +3.0 points over 6 quarters, while promoters stayed about the same. One group of institutions took over shares from the other; it is not a change of mind by the people running the company.

For Ather Energy Ltd, the Z-score is not available, so we say so rather than guess one. It estimates how far the balance sheet is from trouble; it is not a forecast of failure. The debt, cash-flow and return sections show the balance-sheet figures we do have, each with its own date.

The Z-score estimates how far a company is from balance-sheet trouble. Above about 3 is safe; below about 1.8 is the danger zone. It was built for manufacturers, so it is not used for banks and lenders.

There is no score against its industry: Ather Energy Ltd is score temporarily unavailable, fetchAllRows(mlaSectorData.weinstein[1]): page at offset 2000 failed: canceling statement due to statement timeout for undefined.

The score ranks a company within its industry: each measure is scored against the other members. Without that group there is no score, so none is shown.

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Ather Energy is the 5th largest of 8 Auto - 2 & 3 Wheelers companies on Sector Alpha by market value (scores of 30 October 2026). Just above it: TVS Motor Company, Eicher Motors and Hero MotoCorp. Just below it: Ola Electric Mobility, Atul Auto and Munjal Showa.

Auto - 2 & 3 Wheelers companies close in size

2. TVS Motor Company Ltd ₹1,99,309 crore
3. Eicher Motors Ltd ₹1,98,205 crore
4. Hero MotoCorp Ltd ₹1,03,424 crore
5. Ather Energy Ltd ₹69,693 crore
6. Ola Electric Mobility Ltd ₹16,586 crore
7. Atul Auto Ltd ₹1,128 crore
8. Munjal Showa Ltd ₹498 crore

All 8 Auto - 2 & 3 Wheelers companies, largest first

Companies close in size in other industries

144. Hindustan Petroleum Corporation Ltd ₹72,463 crore · Refineries
145. Phoenix Mills Ltd ₹70,008 crore · Realty - Commercial
146. Ather Energy Ltd ₹69,693 crore
147. NTPC Green Energy Ltd ₹69,467 crore · Power - Generation/Distribution
148. SRF Ltd ₹69,230 crore · Chemicals - Flourine

Sector Alpha, written by code from the published numbers. Data as of 30 October 2026.

Every chart on this page is drawn by code from the published figures, with no forecasts and no price opinions.

See the plain-text version of this page.