Ather Energy Key Ratios
NSE: ATHER | BSE: 544397
₹1,725.10
As on 01-Sep-2026 12:44IST
Market cap
₹68,647 Cr
Revenue (TTM)
₹4,244 Cr
P/E Ratio
--
P/B Ratio
17.6
Div. Yield
0 %
Key Ratios and Highlights
| Growth Score (%) | Quarterly | Annual (TTM) | |||
|---|---|---|---|---|---|
| Particulars | QoQ | YoY | 1-Year | 3-Years | 5-Years |
| Revenue | 3.60 | 88.79 | 67.15 | 27.28 | 115.07 |
| EBIT | 40.66 | 60.52 | 38.55 | 8.84 | -193.68 |
| Net Profit | 49.25 | 71.46 | 52.35 | 11.92 | -173.65 |
| EPS | 49.30 | 72.28 | 92.72 | 25.05 | 14.81 |
| Book Value | -- | -- | 508.89 | -29.13 | -56.09 |
| Key Ratios (%) | Average | Annual (TTM) | |||
|---|---|---|---|---|---|
| Particulars | 3-Years | 5-Years | TTM | Mar-26 | Mar-25 |
| EBIT-Margin
| -32.26 | -43.65 | -11.10 | -15.88 | -33.34 |
| Net Margin
| -35.97 | -47.81 | -8.84 | -13.52 | -35.24 |
| Return on equity
| -162.04 | -171.54 | -14.54 | -37.48 | -222.74 |
| Return on Capital
| -66.16 | -70.74 | -- | -21.59 | -77.80 |
| Return on Assets
| -36.70 | -43.22 | -11.43 | -15.16 | -40.47 |
| Debt to Equity (x)
| -- | -- | 0.14 | 0.21 | 1.47 |
Profitability
ROCE
--
--
Earning before interest and taxes / (Average net worth + Average total Debt) * 100
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Ather Energy
|
--
|
-21.59
|
-77.80
|
-99.07
|
-98.57
|
|
Peer Median
|
--
|
18.24
|
8.26
|
23.93
|
--
|
ROE
-14.54
Lower than Peers by 38.12
Profit after tax / Average Net worth * 100
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Ather Energy
|
-14.54
|
-37.48
|
-222.74
|
-225.90
|
-245.84
|
|
Peer Median
|
23.58
|
23.91
|
11.35
|
18.78
|
--
|
ROA
-11.43
Lower than Peers by 26.86
Profit after tax / Average Total assets * 100
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Ather Energy
|
-11.43
|
-15.16
|
-40.47
|
-54.48
|
-61.85
|
|
Peer Median
|
15.43
|
6.17
|
2.72
|
7.31
|
--
|
EBIT Margin
-11.10
Lower than Peers by 23.78
Operating profit (EBIT) / Net Sales * 100
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Ather Energy
|
-11.10
|
-15.88
|
-33.34
|
-47.55
|
-46.07
|
|
Peer Median
|
12.69
|
12.81
|
16.90
|
12.15
|
--
|
Net Margin
-8.84
Lower than Peers by 19.67
Net profit / Total Income (Net sales plus other income) * 100
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Ather Energy
|
-8.84
|
-13.52
|
-35.24
|
-59.14
|
-47.98
|
|
Peer Median
|
10.83
|
9.21
|
7.10
|
8.06
|
--
|
Cash Profit Margin
--
--
(Net profit + Depreciation) / Gross Sales * 100
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Ather Energy
|
--
|
-8.32
|
-24.42
|
-48.36
|
-41.92
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Revenue Growth
67.15
Higher than Peers by 52.66
Year on year growth in net sales
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Ather Energy
|
67.15
|
62.83
|
28.58
|
-1.52
|
335.53
|
|
Peer Median
|
14.50
|
30.82
|
10.99
|
14.50
|
--
|
EBIT Growth
38.55
Higher than Peers by 14.71
Year on year growth in operating profit (EBIT)
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Ather Energy
|
38.55
|
22.46
|
9.85
|
-1.66
|
-166.10
|
|
Peer Median
|
23.84
|
34.09
|
9.16
|
35.21
|
--
|
Net Profit Growth
52.35
Higher than Peers by 32.90
Year on year growth in profit after tax
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Ather Energy
|
52.35
|
36.33
|
23.35
|
-22.58
|
-151.24
|
|
Peer Median
|
19.45
|
27.61
|
15.51
|
36.73
|
--
|
EPS Growth
92.72
Higher than Peers by 69.05
Year on year growth in earnings per share
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Ather Energy
|
92.72
|
51.65
|
--
|
100.00
|
--
|
|
Peer Median
|
23.67
|
43.97
|
23.13
|
--
|
--
|
Book Value Growth
--
--
Year on year growth in book value per share
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Ather Energy
|
--
|
701.87
|
-27.74
|
-17.75
|
173.10
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Solvency
Debt to Equity
0.14
Higher than Peers by 0.13
Total debt / Net worth
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Ather Energy
|
0.14
|
0.21
|
1.47
|
0.74
|
0.94
|
|
Peer Median
|
0.01
|
0.21
|
0.38
|
0.02
|
--
|
Short term debt to equity ratio
--
--
(Short term borrowings / Net worth)
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Ather Energy
|
--
|
--
|
0.17
|
0.19
|
0.36
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Current Ratio
2.42
Higher than Peers by 0.74
Current Assets / Current Liabilities and Provisions
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Ather Energy
|
2.42
|
2.42
|
0.99
|
1.14
|
1.28
|
|
Peer Median
|
1.68
|
1.87
|
1.15
|
1.15
|
--
|
Quick Ratio
2.22
Higher than Peers by 0.80
(Current Assets - Inventory) / Current Liabilities and Provisions
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Ather Energy
|
2.22
|
2.22
|
0.78
|
1.03
|
1.03
|
|
Peer Median
|
1.42
|
1.64
|
1.59
|
0.91
|
--
|
Interest Coverage
-3.90
Lower than Peers by 92.84
Earning before interest and taxes (EBIT) / Interest Expenses
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Ather Energy
|
-3.90
|
-5.29
|
-6.34
|
-10.91
|
-12.30
|
|
Peer Median
|
88.94
|
11.33
|
35.03
|
37.84
|
--
|
Operating Efficiency
Debtors to sales
0.20
Lower than Peers by 3.95
Debtors outstanding / Net Sales * 100
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Ather Energy
|
0.20
|
0.23
|
0.53
|
0.09
|
0.07
|
|
Peer Median
|
4.14
|
1.65
|
3.39
|
4.70
|
--
|
Asset Turnover
1.24
Higher than Peers by 0.26
Sales / Average Total Assets
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Ather Energy
|
1.24
|
1.21
|
1.31
|
0.97
|
1.28
|
|
Peer Median
|
0.98
|
1.15
|
0.90
|
1.01
|
--
|
Receivable days
--
--
Average Debtors / Sales * 365
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Ather Energy
|
--
|
0.89
|
0.93
|
0.27
|
0.22
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Inventory Days
--
--
Average Inventory / Sales * 365
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Ather Energy
|
--
|
23.22
|
25.12
|
36.16
|
32.37
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Payable days
--
--
Average Creditors / Cost of goods sold * 365
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Ather Energy
|
--
|
87.60
|
93.70
|
87.95
|
57.72
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Cash Conversion Cycle
--
--
Receivable Days + Inventory Days - Payable Days
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Ather Energy
|
--
|
-63.50
|
-67.65
|
-51.52
|
-25.12
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Valuation
Price / Earnings
-166.43
Lower than Peers by 222.60
Current share price divided by earning per share in the last twelve months
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Ather Energy
|
-166.43
|
--
|
--
|
--
|
--
|
|
Peer Median
|
56.17
|
60.01
|
69.67
|
50.85
|
--
|
Price / Book Value
17.59
Higher than Peers by 9.26
Current share price divided by book value per share in the latest financial year
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Ather Energy
|
17.59
|
11.75
|
--
|
--
|
--
|
|
Peer Median
|
8.33
|
8.33
|
4.05
|
7.25
|
--
|
Dividend Yield
--
--
Dividend per share in the past twelve months divided by current share price
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Ather Energy
|
--
|
--
|
--
|
--
|
--
|
|
Peer Median
|
1.03
|
0.28
|
0.76
|
1.07
|
--
|
EV/EBITDA
-483.75
--
Enterprise Value (Current Market Capitalisation + Total Debt - Cash & Equivalents) / Earnings before interest, taxes, depreciation and taxes (EBITDA)
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Ather Energy
|
-483.75
|
-110.91
|
-0.20
|
0.20
|
-0.45
|
|
Peer Median
|
--
|
33.03
|
26.51
|
44.53
|
--
|
Market Cap
68,647
Lower than Peers by 42,431
Current Share price multiplied by latest total number of shares outstanding
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Ather Energy
|
68,647
|
28,817
|
--
|
--
|
--
|
|
Peer Median
|
1,11,078
|
66,477
|
51,901
|
1,10,233
|
--
|