# Ather Energy share price today (Ather Energy Ltd, NSE: ATHERENERG)

> Ather Energy share price today: ₹1,840.00 at the NSE close on 4 November 2026, up 181.1% in a year. Ather Energy (NSE: ATHERENERG) is worth ₹73,027 crore and has closed between ₹601.35 and ₹1,840.00 over the past 52 weeks. > Ather Energy Ltd's share price, valuation and earnings point in different directions. The next one or two quarters should make it clearer. ATHERENERG · Auto - 2 & 3 Wheelers · data as of 4 November 2026. Page: https://www.sectoralpha.in/stocks/ather-energy-ltd

Sector Alpha also publishes a daily newsletter that explains one Indian stock at a time: https://newsletter.sectoralpha.in/?utm_source=sectoralpha&utm_medium=ai_text&utm_campaign=llms

## Key numbers

- Price: ₹1,840.00 (+181.1% in a year)
- Revenue (Sep 2026): ₹1,464 Cr (+62.9% on a year ago)
- Profit (Sep 2026): ₹1.5 Cr
- Operating margin: 0.8% (+15.5 points on a year ago)
- ROCE: −20%, FY26
- ROIC: −5.0%, against a 12.0% cost of capital: −17.0 points

The main question: foreign institutions moved −9.0 percentage points over 6 quarters while the business went the other way. ## What is the Ather Energy share price today? Ather Energy Ltd's share price was ₹1,840.00 at the close on 4 November 2026. It has been rising for 75 weeks. That is 58.6% above its average price over the last 200 trading days. In the last 52 weeks it traded between ₹601 and ₹1,840, and at that close it was at the high of that range. Over the past 13 weeks it has done better than the NIFTY 500, and it has stayed ahead for 47 weeks in a row. Over the last 1 year the share price moved +513% 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. ## What changed at Ather Energy this quarter? 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. ## What are Ather Energy's latest quarterly results? 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

| Measure | July to September 2026 | July to September 2025 | Change |
| --- | --- | --- | --- |
| Revenue | ₹1,464 crore | ₹899 crore | +62.9% |
| Profit | ₹1.50 crore | loss of ₹154 crore | n/a |
| Earnings per share | ₹0.04 | ₹−4.05 | n/a |
| Operating margin | 0.8% | −14.8% | +15.5 points |

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.)

## What is the Ather Energy share price history? Ather Energy closed at ₹1,840.00 on 4 November 2026, up 181.1% from ₹654.65 a year earlier (7 November 2025). Its highest weekly close since May 2025 was ₹1,840.00 on 4 November 2026. ### Ather Energy share price: then and now

| When | Close | Change to 4 Nov 2026 |
| --- | --- | --- |
| 1 week ago · 30 Oct 2026 | ₹1,756.00 | +4.8% |
| 1 month ago · 1 Oct 2026 | ₹1,406.10 | +30.9% |
| 6 months ago · 8 May 2026 | ₹915.05 | +101.1% |
| 1 year ago · 7 Nov 2025 | ₹654.65 | +181.1% |
| Earliest and lowest weekly close in our records · 9 May 2025 | ₹300.20 | +512.9% |
| Highest weekly close since May 2025, also the 52-week high · 4 Nov 2026 | ₹1,840.00 | 0.0% |
| 52-week low (weekly close) · 29 Jan 2026 | ₹601.35 | +206.0% |

Weekly closing prices. Each change is the move from that price to the 4 Nov 2026 close. A day's intraday high or low can go beyond these weekly closes. (86 weekly closes from 9 May 2025 to 4 November 2026.)

## What is the latest news on Ather Energy? 4 Nov 2026: Ather Energy closed at ₹1,840.00, up 4.8% on the week and up 30.9% 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. ## What dividend does Ather Energy pay? 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.)

## What did Ather Energy management say on the latest results call? 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](https://files.tijorifinance.com/insight/india/58348/Conference Call/CC-Oct26.pdf). (From the call for July to September 2026, 26 October 2026.)

## What to watch in Ather Energy's next results? 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. - What to check (from the call)
- Hosur's planned capacity ramp should become visible in production after commissioning; check output progression. - Check AURIC trial-production start and installation progress against the announced timetable. - Check whether commodity costs stay flat and customer pricing remains unchanged as volumes increase. ## Which stock lists is Ather Energy on? Ather Energy is on 3 of our India lists: Momentum stocks, 52 week high & low and Small & mid cap stocks. - [Momentum stocks Market cap cr: 73026.83371298407](https://www.sectoralpha.in/momentum-stocks-india)
- [52 week high & low 52-week position: At 52-week high](https://www.sectoralpha.in/52-week-high-stocks-india)
- [Small & mid cap stocks Size rank in India: 142](https://www.sectoralpha.in/small-cap-stocks-india)

## Is Ather Energy profitable? 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. ## How much revenue does Ather Energy make, and is it growing? 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. 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. ## How much of every ₹100 of sales does Ather Energy keep? 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. 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. ## Is Ather Energy's profit turning into cash? 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. 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. ## Where does Ather Energy's cash go? 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. 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. ## What is Ather Energy's P/E ratio, and how does it compare with its own history? 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 19.9× its FY26 revenue of ₹3,672 Cr. The P/E comes back here once profit turns positive. ## Is the Ather Energy business getting better or worse? 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. 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. ## What is Ather Energy management's track record? 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.)

## How much does Ather Energy earn on its capital? 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. 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. ## Does Ather Energy have too much debt? 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. ## What is the Ather Energy shareholding pattern? 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. 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. ## How far is Ather Energy from balance-sheet trouble? 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. ## How does Ather Energy rank in its industry? 61.3 out of 100, rank 2 of 8 in Auto - 2 & 3 Wheelers, with 71% of the evidence available. Ather Energy Ltd scores 61.3 out of 100 against the 8 companies it is compared with in Auto - 2 & 3 Wheelers, ranking 2. The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. The four parts add up to the total exactly: 27.8 + 3.5 + 10 + 20 = 61.3. This is the same number shown on the industry page; it is worked out once for the whole group and read here. What would change it: The score would fall if profit growth turns negative or margins stop improving while the share price lags its sector. ## Which companies is Ather Energy compared with? Ather Energy ranks 2 of 8 Auto - 2 & 3 Wheelers companies on the 4-Factor Sector Score, with 61.3 out of 100. 1. [TVS Motor Company Ltd](https://www.sectoralpha.in/stocks/tvs-motor-company-ltd) TVSMOTOR · losing its lead · Evidence leans up · 82% evidence 62.4 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 22.4/35 · Revenue 34.3% · Profit 43.3% · Operating margin change -1 points · 95% evidence Capital efficiency 15.8/25 · ROCE 17.4% · Operating margin 14% · 76% evidence Valuation 8.4/20 · P/E 51.7× · PEG n/a · 50% evidence Relative strength 15.8/20 · Lead over its industry 4.9% · Lead over NIFTY 500 17.2% · 1 year 19.6% · 100% evidence · 11 of 12 weeks ahead Exact sum: 22.4 + 15.8 + 8.4 + 15.8 = 62.4 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 2. Ather Energy Ltd this page ATHERENERG · leader · Evidence leans up · 71% evidence 61.3 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 27.8/35 · Revenue 68.5% · Profit 69.4% · Operating margin change 15.5 points · 74% evidence Capital efficiency 3.5/25 · ROCE -19.8% · Operating margin 0.8% · 100% evidence Valuation 10.0/20 · P/E n/a · PEG n/a · 0% evidence Relative strength 20.0/20 · Lead over its industry 65.7% · Lead over NIFTY 500 81.8% · 1 year 153.8% · 100% evidence · 12 of 12 weeks ahead Exact sum: 27.8 + 3.5 + 10 + 20 = 61.3 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 3. [Hero MotoCorp Ltd](https://www.sectoralpha.in/stocks/hero-motocorp-ltd) HEROMOTOCO · losing its lead · Evidence leans up · 85% evidence 60.0 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 16.4/35 · Revenue 27% · Profit 13.7% · Operating margin change -1 points · 100% evidence Capital efficiency 20.8/25 · ROCE 35.2% · Operating margin 13% · 100% evidence Valuation 13.2/20 · P/E 17× · PEG 1.96 · 100% evidence Relative strength 9.6/20 · Lead over its industry n/a · Lead over NIFTY 500 1% · 1 year -6.8% · 25% evidence · 10 of 12 weeks ahead Exact sum: 16.4 + 20.8 + 13.2 + 9.6 = 60 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 4. [Bajaj Auto Ltd](https://www.sectoralpha.in/stocks/bajaj-auto-ltd) BAJAJ-AUTO · losing its lead · Evidence leans up · 87% evidence 59.8 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 23.2/35 · Revenue 47.9% · Profit 53.8% · Operating margin change 1 points · 95% evidence Capital efficiency 20.6/25 · ROCE 28.2% · Operating margin 19% · 95% evidence Valuation 7.6/20 · P/E 21.7× · PEG n/a · 50% evidence Relative strength 8.4/20 · Lead over its industry -3.2% · Lead over NIFTY 500 8% · 1 year 16.4% · 100% evidence · 8 of 12 weeks ahead Exact sum: 23.2 + 20.6 + 7.6 + 8.4 = 59.8 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 5. [Eicher Motors Ltd](https://www.sectoralpha.in/stocks/eicher-motors-ltd) EICHERMOT · quiet · Evidence leans up · 78% evidence 56.5 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 18.8/35 · Revenue 28.1% · Profit 19.4% · Operating margin change 0 points · 83% evidence Capital efficiency 20.4/25 · ROCE 30.5% · Operating margin 24% · 76% evidence Valuation 10.6/20 · P/E 34.1× · PEG n/a · 50% evidence Relative strength 6.7/20 · Lead over its industry -7.8% · Lead over NIFTY 500 3.3% · 1 year 3% · 100% evidence · 4 of 12 weeks ahead Exact sum: 18.8 + 20.4 + 10.6 + 6.7 = 56.5 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 6. [Atul Auto Ltd](https://www.sectoralpha.in/stocks/atul-auto-ltd) ATULAUTO · quiet · Evidence leans down · 75% evidence 42.3 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 22.2/35 · Revenue 26.2% · Profit 100% · Operating margin change -4 points · 95% evidence Capital efficiency 10.4/25 · ROCE 11.3% · Operating margin 5.2% · 76% evidence Valuation 9.7/20 · P/E 24.6× · PEG n/a · 15% evidence Relative strength 0.0/20 · Lead over its industry -17% · Lead over NIFTY 500 -7.1% · 1 year -16.2% · 100% evidence · 0 of 12 weeks ahead Exact sum: 22.2 + 10.4 + 9.7 + 0 = 42.3 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 7. [Ola Electric Mobility Ltd](https://www.sectoralpha.in/stocks/ola-electric-mobility-ltd) OLAELEC · basing · Too little evidence to rank firmly · 53% evidence 31.8 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 13.3/35 · Revenue -49.2% · Profit 26.1% · Operating margin change -7 points · 65% evidence Capital efficiency 0.0/25 · ROCE -19.9% · Operating margin -36% · 100% evidence Valuation 10.0/20 · P/E n/a · PEG n/a · 0% evidence Relative strength 8.5/20 · Lead over its industry n/a · Lead over NIFTY 500 -2.5% · 1 year -33.8% · 25% evidence · 0 of 12 weeks ahead Exact sum: 13.3 + 0 + 10 + 8.5 = 31.8 · What this means: Some evidence is missing, so the score is pulled toward the middle on purpose. 8. [Munjal Showa Ltd](https://www.sectoralpha.in/stocks/munjal-showa-ltd) MUNJALSHOW · Most evidence points down · 76% evidence 30.1 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 13.7/43.75 · Revenue 12.4% · Profit 0% · Operating margin change 0.1 points · 88% evidence Capital efficiency 7.1/31.25 · ROCE 4.5% · Operating margin 0.7% · 100% evidence Valuation 9.3/25 · P/E 18.8× · PEG 2.12 · 100% evidence Relative strength: no reading this week · its 20 points are shared across the other three Exact sum: 13.7 + 7.1 + 9.3 = 30.1 (no relative-strength reading this week; its 20 points are shared across the other three) · What this means: There is no relative-strength reading for this week, so the score is built from earnings, capital efficiency and valuation alone. Missing figures are not scored as bad. They lower the confidence and pull the final score toward the middle. Relative strength counts only when the company has a reading for this week; with no reading, that factor is left out and its 20 points are shared across the other three in proportion. PEG is not shown when the ratio cannot mean anything: the company must be making a profit, its price-to-earnings must be positive, and its three-year earnings growth must fall between 5% and 60%. Dividing a price multiple by a loss, or by growth measured off a tiny base, produces a number that looks precise and tells you nothing. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led NIFTY 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step path the industry is placed on (basing, turning, breaking out, leader, fading, asleep), read from how many weeks running it has led NIFTY 500 and whether that lead is growing or shrinking. It describes where the share price stands, not the direction of earnings, and it is not a recommendation; it is left blank for a company whose weekly history is too short or too stale to read. The figures in this ranking come from the industry comparison: results through the Sep 2026 quarter, and the P/E at that quarter's end. The sections above use the latest weekly price, so a P/E or return there can differ a little from the one here. The stage words in this ranking (such as losing its lead or breaking out) describe the lead over the index, not the price phase in the price section. Related companies: [Auto - 2 & 3 Wheelers](https://www.sectoralpha.in/sectors/auto-2-3-wheelers), all 8 compared on one page. ## Which companies are close to Ather Energy in size? 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

1. [TVS Motor Company Ltd](https://www.sectoralpha.in/stocks/tvs-motor-company-ltd) ₹1,99,309 crore
2. [Eicher Motors Ltd](https://www.sectoralpha.in/stocks/eicher-motors-ltd) ₹1,98,205 crore
3. [Hero MotoCorp Ltd](https://www.sectoralpha.in/stocks/hero-motocorp-ltd) ₹1,03,424 crore
4. Ather Energy Ltd ₹69,693 crore
5. [Ola Electric Mobility Ltd](https://www.sectoralpha.in/stocks/ola-electric-mobility-ltd) ₹16,586 crore
6. [Atul Auto Ltd](https://www.sectoralpha.in/stocks/atul-auto-ltd) ₹1,128 crore
7. [Munjal Showa Ltd](https://www.sectoralpha.in/stocks/munjal-showa-ltd) ₹498 crore

[All 8 Auto - 2 & 3 Wheelers companies, largest first](https://www.sectoralpha.in/sectors/auto-2-3-wheelers#all-companies)

### Companies close in size in other industries

1. [Hindustan Petroleum Corporation Ltd](https://www.sectoralpha.in/stocks/hindustan-petroleum-corporation-ltd) ₹72,463 crore · Refineries
2. [Phoenix Mills Ltd](https://www.sectoralpha.in/stocks/phoenix-mills-ltd) ₹70,008 crore · Realty - Commercial
3. Ather Energy Ltd ₹69,693 crore
4. [NTPC Green Energy Ltd](https://www.sectoralpha.in/stocks/ntpc-green-energy-ltd) ₹69,467 crore · Power - Generation/Distribution
5. [SRF Ltd](https://www.sectoralpha.in/stocks/srf-ltd) ₹69,230 crore · Chemicals - Flourine

## What else do people ask about Ather Energy? ### What is Ather Energy's share price today? Ather Energy Ltd's share price is ₹1,840.00, +181.1% over the past year. The whole company is worth ₹73,027 Cr on the market. It is at its highest price of the past 52 weeks (range ₹601 to ₹1,840), 58.6% above its 200-day average. The price has been rising for 75 weeks (as of 4 November 2026). ### What were Ather Energy's latest quarterly results? Ather Energy Ltd reported revenue of ₹1,464 Cr and net profit of ₹1.5 Cr for the Sep 2026 quarter. Earnings per share were ₹0.04. The operating margin was 0.8%, 15.5 percentage points higher than a year earlier (as of 4 November 2026). ### What is Ather Energy's market cap? Ather Energy Ltd's market capitalisation is ₹73,027 Cr at a share price of ₹1,840.00. Market cap is the share price times the number of shares, so it changes whenever the price moves (as of 4 November 2026). ### How is Ather Energy performing? Ather Energy Ltd's share price has been rising for 75 weeks. Over the past 13 weeks it has done better than the NIFTY 500, for 47 weeks running. This describes what the data did, not a rating (as of 4 November 2026). ### Will Ather Energy's share price go up? This page does not forecast Ather Energy Ltd's share price. What it shows instead: the share price is ₹1,840.00, and it has been rising for 75 weeks. Nobody can reliably say which way a price will move, and this site does not try (as of 4 November 2026). ### Who owns Ather Energy? Promoters own 42.3% of Ather Energy Ltd, foreign institutions 15.1%, domestic institutions 27.0% and the public 15.6% (latest quarter). The biggest change over the last two years: Foreign institutions cut their stake by 9.0 percentage points over 6 quarters (as of 4 November 2026). ### Does Ather Energy have too much debt? No, Ather Energy Ltd has little debt: its debt is 0.26× its equity, and its operating profit is −5 times its interest bill. FY26 borrowings were ₹664 Cr against equity of ₹2,572 Cr. So the returns on this page come from the business, not borrowed money (as of 4 November 2026). ### Where is Ather Energy in its business cycle? Ather Energy Ltd's FY26 operating margin was −11.0%, against a 7-year range of −523.0% to −11.0%: the middle of its own range, neither a peak nor a low. The latest quarter was 0.8%. Comparing margins with a company's own long history is a good way to see where it is in its cycle (as of 4 November 2026). ### What could break the Ather Energy story? The main question: foreign institutions moved −9.0 percentage points over 6 quarters while the business went the other way. On price, this page treats a rise as over when the share price closes below its 200-day average on two Fridays in a row (as of 4 November 2026). ### Is Ather Energy a stock worth studying right now? What the numbers show: Ather Energy Ltd's share price, valuation and earnings point in different directions. The next one or two quarters should make it clearer. The main open question: whether the owners’ moves turn back in line with the business. Every number on this page is worked out by code from the published figures, with no forecasts and no price opinions (as of 4 November 2026). ### Is there a Ather Energy share price forecast for 2026? What management itself guided: AURIC trial production expected within the next few weeks; capital spending and capacity installation planned for January to March 2027. ### Where does this page get Ather Energy's management information? From Ather Energy's results calls, its filings and public records on governance, each dated on the page. Management’s plans are shown as plans, never as results. ## Lists

- Momentum stocks: https://www.sectoralpha.in/momentum-stocks-india
- 52 week high & low: https://www.sectoralpha.in/52-week-high-stocks-india
- Small & mid cap stocks: https://www.sectoralpha.in/small-cap-stocks-india

This is research, not advice. We’re not SEBI-registered.