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Ather Energy
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Ather Energy Limited was originally incorporated as 'Ather Energy Private Limited' dated October 21, 2013, issued by the Registrar of Companies, Tamil Nadu, Chennai. Upon the conversion of Company into a Public Limited, the name was changed to 'Ather Energy Limited', and a fresh certificate of incorporation dated August 27, 2024 was issued by the Registrar of Companies, Central Processing Centre.
Ather Energy has been a pioneer in the Indian electric two-wheeler (E2W) market. The Company was founded by Tarun S Mehta and Swapnil B. Jain in 2013, focusing on product and technology development to build an E2W ecosystem. Ather Energy is a pure play EV company that designs all its products ground-up in India.
Ather launched its first product, the Ather 450, in June, 2018. With the Ather 450, it introduced connected features through a 3G SIM card, touchscreen dashboard, aluminium chassis and cloud integration as a pioneer in the E2W industry. It was the first E2W to offer a top speed of 80 kmph, comparable to internal combustion engine (ICE) scooters in 2018. Their E2W portfolio currently consists of two product lines, the Ather 450 and the Ather Rizta line, comprising a total of seven variants.
Launched in April 2024, the Ather Rizta features a large seat, WhatsApp notifications displayed on vehicle dashboard, voice commands through Alexa Skills, up to 56 L of storage and introduced traction control to the Indian E2W market.
Apart from these, the Company assemble E2Ws and manufacture battery packs at manufacturing factory located near Hosur, Tamil Nadu. At the Hosur Factory, the Company had a total annual installed capacity of 420,000 units for E2Ws and 379,800 units for battery packs as at March 31, 2024. E2Ws are complemented by their product ecosystem, which comprises charging infrastructure, accessories and the Atherstack.
The Company is planning to raise funds from public through IPO aggregating upto 3100 Crore Equity Shares through Fresh Issue and by issuing upto 22,000,766 Equity Shares through Offer for Sale.
Ather Energy share price reflects investor sentiment toward the company and is impacted by various factors such as financial performance, market trends, and economic conditions. Share price is an indicator which shows the current value of the company's shares at which buyers or sellers can transact.
Market capitalization of Ather Energy indicates the total value of its outstanding shares. Marketcap is calculated by multiplying share price and outstanding shares of the company. It is a helpful metric for assessing the company's size and market Valuation. It also helps investors understand how Ather Energy is valued compared to its competitors.
Ather Energy PE ratio helps investors understand what is the market value of each stock compared to Ather Energy 's earnings. A PE ratio higher than the average industry PE could indicate an overvaluation of the stock, whereas a lower PE compared to the average industry PE could indicate an undervaluation.
The PEG ratio of Ather Energy evaluates its PE ratio in relation to its growth rate. A PEG ratio of 1 indicates a fair value, a PEG ratio of less than 1 indicates undervaluation, and a PEG ratio of more than 1 indicates overvaluation.
Return on Equity (ROE) measures how effectively Ather Energy generates profit from shareholders' equity. A higher ROE of more than 20% indicates better financial performance in terms of profitability.
Return on Capital Employed (ROCE) evaluates the profitability of Ather Energy in relation to its capital employed. In simple terms, ROCE provides insight to investors as to how well the company is utilizing the capital deployed. A high ROCE of more than 20% shows that the business is making profitable use of its capital.
Total debt of Ather Energy shows how much the company owes to either banks or individual creditors. In simple terms, this is the amount the company has to repay. Total debt can be a very useful metric to show the financial health of the company. Total debt more than equity is considered to be a bad sign.
The Debt-to-Equity (DE) ratio of Ather Energy compares its total debt to shareholders' equity. A higher Debt to Equity ratio could indicate higher financial risk, while a lower ratio suggests that the company is managing its debt efficiently.
CAGR shows the consistent growth rate of Ather Energy over a specific period, whether it is over a month, a year, or 10 years. It is a key metric to evaluate the company’s long-term growth potential. Main metrics for which CAGR is calculated are net sales, net profit, operating profit, and stock returns.
Technical analysis of Ather Energy helps investors get an insight into when they can enter or exit the stock. Key components of Ather Energy Technical Analysis include:
There are usually multiple support levels, but the main support levels for a stock are S1, S2, S3. Support levels indicate price points where stock might get support from buyers, helping the stock stop falling and rise.
There are usually multiple resistance levels, but the main resistance levels for a stock are R1, R2, R3. Resistance levels represent price points where Ather Energy shares often struggle to rise above due to selling pressure.
Dividends refer to the portion of the company’s profits distributed to its shareholders. Dividends are typically paid out in cash and reflect Ather Energy ’s financial health and profitability.
Bonus shares are usually given by companies to make the stock more affordable, increase liquidity, boost investor confidence, and more.
Stock split increases the number of its outstanding shares by dividing each existing share into multiple shares. When the company offers a stock split, the face value of the stock reduces in the same proportion as the split ratio.
The financials of Ather Energy provide a complete view to investors about its net sales, net profit, operating profits, expenses, and overall financial health. Investors can analyze financial data to assess the company’s stability and also understand how the company has been growing financially.
The profit and loss statement of Ather Energy highlights its net sales, net profit, total expenditure, and operating profits in the current financial year. This Profit and Loss statement is crucial for evaluating the profitability and financial stability of Ather Energy .
The balance sheet presents a snapshot of Ather Energy ’s assets, liabilities, and equity of shareholders, providing insights into the financials of the company.
Cashflow statements track the company's cash inflows and outflows over a period. It is an essential tool for understanding how well the company manages its liquidity and finances.