Ather Energy LtdNSE:ATHERENERG
Current view Q4 2026
Electric scooter maker whose market share nearly tripled to 1-in-5, losses almost gone. But still not profitable, shares look pricey, and a sharp jump in raw-material costs is squeezing margins.
Latest exchange filings last 5 · 5 after Q4 2026
- 1 Sep ’26The Board of Ather Energy Limited have vide circular resolution passed on September 01, 2026, alloted 4,84,551 .... ↗
- 1 Sep ’26Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011 1 Sep ↗
- 31 Aug ’26Pursuant to Regulation 30 of the SEBI (LODR) Regulations, 2015, we would like to inform you that the Company will be participating in the investors … ↗
- 29 Aug ’26Ather launched Konarc scooter, 5th-gen Bedrock batteries, AtherNode charging, and Ather True Health at Community Day. ↗
- 29 Aug ’26Ather launches Konarc scooter from ₹99,999; deliveries begin mid-September in phases. ↗
Exchange filings, with the company's own one-line summary, read off the same page as the figures. Screener publishes only the most recent few, so this is the last 5 — not everything filed since your note, and a quiet-looking list is not proof of a quiet quarter. A filing is marked new when it is dated after the end of the quarter your note covers. Not scored, and not a judgement — a routine repayment notice and a takeover sit in the same list.
AI concall report · Q4 2026
The full earnings-call read behind this view — what management promised, what they delivered, and the earning trigger.
Growth Q4 2026
| Metric | This year vs lastYoY · vs Q4 2025 | vs the quarter beforeQoQ, sequential · vs Q3 2026 | 3-year yearly average3Y CAGR · compounded | 5-year yearly average5Y CAGR · compounded |
|---|---|---|---|---|
| Sales | ▲ +73.8% | +23.2% | +27.3% | +115.0% |
| Operating profit | ▲ +59.6% | +3.3% | +17.6% | −12.7% |
| EPS | ▲ +67.5% | −18.0% | +26.0% | +14.9% |
| PAT | ▲ +57.2% | −25.9% | — | — |
Tinted rows drive the Tier. Tier = the weaker of YoY Sales and YoY PAT growth. Here the weaker is PAT at +57.2%, which is ≥ 20% → Tier 1.
QoQ is sequential, not a trend. For most Indian companies the March quarter is seasonally the largest, so a June-quarter fall against it is a calendar effect. Only the YoY column feeds the Tier.
Multibagger potential
Weak37/100
Growing fast — and the market has noticed. Profit per share grew 26% a year, and buyers now pay more for each rupee of it than they did a year ago. Some of the re-pricing has already happened.
No forward view — no multiple to re-rate toward is recorded.
Re-rated already, on growth that doesn't fully back it.
How this is calculated
Growth rate used: 26.0% — the weakest of EPS / Sales / Op-profit from 3-year EPS CAGR. Latest quarter reads 60%.
How it compares with its rivals Auto · 6 of 10 listed
| Company | Price | P/E | Size | ROCE | Profitlast qtr | Saleslast qtr |
|---|---|---|---|---|---|---|
| Ather Energy | ₹1,591 | — | ₹63,100 Cr | — | +71.3% | +88.8% |
| Bajaj Auto | ₹11,493 | 26.8× | ₹3.16 L Cr | 28.2% | +45.9% | +65.1% |
| Eicher Motors | ₹7,529 | 35.6× | ₹2.07 L Cr | 30.5% | +21.4% | +31.6% |
| TVS Motor Co. | ₹4,156 | 57.0× | ₹1.97 L Cr | 17.4% | +67.1% | +33.5% |
| Hero Motocorp | ₹5,307 | 19.2× | ₹1.06 L Cr | 35.2% | −17.2% | +34.9% |
| Ola Electric | ₹36 | — | ₹16,792 Cr | -19.9% | +21.5% | −45.0% |
Screener's own peer group, from the request already made for the industry P/E. It serves the industry's largest names by market cap, not companies of a similar size, so treat this as context rather than a like-for-like table; this company is always shown. On a phone the price, size and sales columns are dropped rather than pushed off the edge. Not part of the score.
Business quality to Jul 2026
| Who has been buying? | the promoters have been selling | promoters 39.6% (−1.6 in a year), 42.1% → 39.6% over 13 months · FIIs 16.8% (−6.8) · DIIs 29.8% (+6.2) · shareholders 1,41,409 → 2,54,569 |
|---|
Fetched from the filings, not typed — and deliberately not part of the score. These are the questions the score cannot ask: it reads growth, price and trend, so a company can score well while its profit never becomes cash. Weigh these beside the note, not against the number.
Screener's own checklist not mine, not the score
Against it
- Company has low interest coverage ratio.
- Promoter holding has decreased over last quarter: -1.18%
Generated by screener.in from a fixed checklist — not written by me and not an input to the score. It is here as a second machine opinion to weigh against the note; where it disagrees with the view above, the note is the considered one.