Ather Energy Ltd.
NSE: ATHERENERG · 2/3 Wheelers
Snapshot
Unlock Ather Energy Ltd.'s vital signs
Growth · Profitability · Valuation · Strength · Conviction
Company Overview
Business
Ather Energy is an Indian electric vehicle manufacturer focused on the design, development, and sale of premium electric two-wheelers and their associated charging infrastructure. The company integrates proprietary technology, including battery management systems and vehicle control units, into its product ecosystem.
Business Model
The company generates revenue through the direct sale of electric scooters, charging hardware, and software-enabled services. It further monetises its proprietary technology stack through the development of vehicle components and an integrated charging network.
Growth Outlook
Growth is driven by the rapid adoption of electric mobility in India and the expansion of the company's charging infrastructure network. Continued investment in R&D for next-generation vehicle architecture remains a key strategic priority.
Key Risks
- Regulatory and Subsidy Risk. Changes in government FAME subsidies or state-level incentives could significantly impact the affordability and demand for electric two-wheelers.
- Intense Market Competition. The Indian electric two-wheeler market is highly competitive, with established legacy manufacturers and new entrants aggressively pricing their products.
- Supply Chain Vulnerability. Dependence on imported components, particularly for battery cells and semiconductors, exposes the company to global supply chain disruptions and price volatility.
- Infrastructure Constraints. The pace of public charging infrastructure deployment may not keep up with vehicle sales, potentially limiting the mass-market adoption of electric vehicles.
Start your research today
Unlock AI insights, financials, peers and live data on Ather Energy Ltd. and 5,000+ companies — free.
Peers · 2/3 Wheelers
| Company | Mkt Cap | P/E (TTM) | EV/EBITDA | Rev Gr YoY | EBITDA Mgn | ROE | ROCE | 1Y Return |
|---|---|---|---|---|---|---|---|---|
Ather Energy Ltd.ATHERENERG | ₹69,559 Cr | 499.9× | 182.69 | — | 8.0% | 3.9% | 5.2% | +156.5% |
Eicher Motors Ltd.EICHERMOT | ₹1.98L Cr | 34.3× | 25.82 | 28.1% | 30.7% | 24.9% | 26.8% | +2.9% |
Hero MotoCorp Ltd.HEROMOTOCO | ₹1.03L Cr | 17.3× | 11.86 | 27.0% | 16.2% | 27.1% | 31.5% | -6.3% |
Ola Electric Mobility Ltd.OLAELEC | ₹15,357 Cr | -8.9× | -23.15 | -49.2% | -40.0% | -41.0% | -22.4% | -30.2% |
Zelio E-MobilityZELIO | ₹2,199 Cr | — | — | — | 11.0% | — | — | +191.0% |
EBIX LimitedEBIX | ₹301 Cr | -50.6× | 48.82 | -90.8% | 106.8% | 1.7% | 18.5% | -53.9% |
As of Q2 FY27
Financials
Ather Energy Ltd.
NSE: ATHERENERG · 2/3 Wheelers
Snapshot
Unlock Ather Energy Ltd.'s vital signs
Growth · Profitability · Valuation · Strength · Conviction
Company Overview
Business
Ather Energy is an Indian electric vehicle manufacturer focused on the design, development, and sale of premium electric two-wheelers and their associated charging infrastructure. The company integrates proprietary technology, including battery management systems and vehicle control units, into its product ecosystem.
Business Model
The company generates revenue through the direct sale of electric scooters, charging hardware, and software-enabled services. It further monetises its proprietary technology stack through the development of vehicle components and an integrated charging network.
Growth Outlook
Growth is driven by the rapid adoption of electric mobility in India and the expansion of the company's charging infrastructure network. Continued investment in R&D for next-generation vehicle architecture remains a key strategic priority.
Key Risks
- Regulatory and Subsidy Risk. Changes in government FAME subsidies or state-level incentives could significantly impact the affordability and demand for electric two-wheelers.
- Intense Market Competition. The Indian electric two-wheeler market is highly competitive, with established legacy manufacturers and new entrants aggressively pricing their products.
- Supply Chain Vulnerability. Dependence on imported components, particularly for battery cells and semiconductors, exposes the company to global supply chain disruptions and price volatility.
- Infrastructure Constraints. The pace of public charging infrastructure deployment may not keep up with vehicle sales, potentially limiting the mass-market adoption of electric vehicles.
Start your research today
Unlock AI insights, financials, peers and live data on Ather Energy Ltd. and 5,000+ companies — free.
Peers · 2/3 Wheelers
As of Q2 FY27