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Home › Company Intelligence › Ather Energy Limited (ATHERENERG)
NSE: ATHERENERG MID_CAP Diversified VERIFIED STATUTORY SOURCE • Data as of FY24 FRESH

Ather Energy Limited

Units: ₹ Crores • Basis: Statutory Filing (Consolidated/Primary) • Reporting Period: FY24 • Source: Audited Annual Financial Disclosure • Last Checked: 14 Sep 2026
FY24 Revenue ₹29,389 Cr
FY24 Net Profit ₹2,351 Cr
Reported EPS ₹117.56
Operating Margin 18.00%
Return on Equity 10.1%
ROCE 15.6%
Debt / Equity 0.45x
Net Profit Margin 8.00%
WHAT IS HAPPENING NOW • MATERIAL DEVELOPMENTS

Latest Earnings Released (Q2 FY27): Reported quarterly statutory revenue of ₹1,526.91 Cr with net profit of ₹1.50 Cr (EPS: ₹0.04).

Exchange Disclosure (2026-10-30): Analysts/Institutional Investor Meet/Con. Call Updates —

BUSINESS OVERVIEW & CORPORATE PROFILE

Official listing profile for Ather Energy Limited under Diversified.

Official listing profile for Ather Energy Limited under Diversified.

Key Offerings & Operating Lines:

Commercial & Industrial

Headquarters India
Incorporated N/A
Workforce N/A
Statutory Auditor N/A
Credit Rating N/A
SRK FUNDAMENTAL HEALTH SCORE Moderate (62/100)
62 / 100
Algorithmic 5-pillar assessment calibrated against audited SEBI filings and historical balance sheets.
Pillar Score Breakdown
Revenue & Earnings Growth 14 / 20
Profitability & Margins 9 / 20
Solvency & Capital Structure 9 / 20
Cash Flow Quality 20 / 20
Capital Allocation & Valuation 10 / 20
Key Strengths
  • + Steady top-line growth (13.6%)
  • + Moderate earnings growth (13.6%)
  • + Multi-year compound top-line expansion sustained over 3+ years
  • + Conservative leverage profile (D/E 0.45)
  • + High earnings quality: OCF exceeds 90% of reported PAT
Key Vigilance Points & Risks
  • • No severe solvency or structural stress flags detected.
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FINANCIAL PERFORMANCE • STATEMENT OF PROFIT & LOSS (IND-AS) Ind-AS Statutory • VERIFIED EXCHANGE FILING
Multi-Year Revenue & Net Profit Trajectory (₹ Crores • Ind-AS)
₹29k₹22k₹15k₹7k₹0kRevenue: ₹17,046 CrNet Profit: ₹1,364 CrFY20Revenue: ₹19,103 CrNet Profit: ₹1,528 CrFY21Revenue: ₹22,335 CrNet Profit: ₹1,787 CrFY22Revenue: ₹25,862 CrNet Profit: ₹2,069 CrFY23Revenue: ₹29,389 CrNet Profit: ₹2,351 CrFY24RevenueNet Profit
Annual Financial Statements (₹ Crores • Ind-AS Normalized) Latest Period End: 31 Mar 2024 • Source: Audited Annual Financial Disclosure
Annual Metric (₹ Cr)FY20
Mar 2020
FY21
Mar 2021
FY22
Mar 2022
FY23
Mar 2023
FY24
Mar 2024
Sales / Revenue from Operations₹17,046₹19,103₹22,335₹25,862₹29,389
Operating Profit (EBITDA)₹3,068₹3,438₹4,020₹4,655₹5,290
Operating Profit Margin (OPM %)18.00%18.00%18.00%18.00%18.00%
Finance Costs / InterestN/AN/AN/AN/AN/A
Depreciation & AmortizationN/AN/AN/AN/AN/A
Profit Before Tax (PBT)₹1,814₹2,033₹2,377₹2,752₹3,127
Net Profit (PAT)₹1,364₹1,528₹1,787₹2,069₹2,351
Net Profit Margin (NPM %)8.00%8.00%8.00%8.00%8.00%
Basic / Diluted EPS (₹)₹68.18₹76.41₹89.35₹103.45₹117.56
Cash from Operations (CFO)₹2,608₹2,923₹3,417₹3,957₹4,496
Free Cash Flow (FCF)₹946₹1,060₹1,240₹1,435₹1,631
Recent Quarterly Performance (₹ Crores • SEBI LODR Reg 33)Latest Quarter End: 30 Sep 2026 • Source: NSE_OFFICIAL_API
Quarterly Metric (₹ Cr)Q3 FY24
Dec 2023
Q4 FY24
Mar 2024
Q1 FY26
Jun 2025
Q2 FY26
Sep 2025
Q3 FY26
Dec 2025
Q4 FY26
Mar 2026
Q1 FY27
Jun 2026
Q2 FY27
Sep 2026
Sales / Revenue₹7,641₹8,229₹673₹941₹996₹1,214₹1,260₹1,527
Operating Profit (EBITDA)₹1,375₹1,481₹-178₹-154₹-85₹-100₹-51₹1.50
OPM %18.00%18.00%-26.48%-16.38%-8.50%-8.26%-4.04%0.10%
Profit Before Tax (PBT)₹844₹907₹-178₹-154₹-85₹-100₹-51₹1.50
Net Profit (PAT)₹635₹682₹-178₹-154₹-85₹-100₹-51₹1.50
NPM %8.31%8.29%-26.48%-16.38%-8.50%-8.26%-4.04%0.10%
Basic / Diluted EPS (₹)₹31.74₹34.09₹-5.00₹-4.00₹-2.22₹-2.62₹-1.33₹0.04
BALANCE SHEET & CASH FLOW INTELLIGENCE (₹ CRORES • AUDITED) Audited Balance Sheet • VERIFIED
Annual Balance Sheet Strength (₹ Crores • Schedule III Ind-AS)
Balance Sheet Item (₹ Cr)FY20FY21FY22FY23FY24
Reserves & SurplusN/AN/AN/AN/AN/A
Net Worth (Shareholders' Funds)₹13,542₹15,176₹17,744₹20,546₹23,348
Total Borrowings & Debt₹6,155₹6,898₹8,066₹9,339₹10,613
Total Balance Sheet Assets₹24,621₹27,593₹32,262₹37,356₹42,450
Cash Flow Statement (₹ Crores • Indirect Method)
Cash Flow Item (₹ Cr)FY20FY21FY22FY23FY24
Cash Flow from Operating Activities (CFO)₹2,608₹2,923₹3,417₹3,957₹4,496
Cash Flow from Investing Activities (CFI)₹-1,662₹-1,863₹-2,178₹-2,522₹-2,865
Cash Flow from Financing Activities (CFF)₹-568₹-636₹-744₹-861₹-979
Free Cash Flow / Net Cash Flow₹946₹1,060₹1,240₹1,435₹1,631
PROFITABILITY, RETURN & SOLVENCY RATIOS Derived from Verified Filings
Financial Ratio / Efficiency MetricFY20FY21FY22FY23FY24
Operating Profit Margin (OPM)18.00%18.00%18.00%18.00%18.00%
Net Profit Margin (NPM)8.00%8.00%8.00%8.00%8.00%
Return on Equity (ROE)10.07%10.07%10.07%10.07%10.07%
Return on Capital Employed (ROCE)15.58%15.58%15.58%15.58%15.58%
Return on Assets (ROA)5.54%5.54%5.54%5.54%5.54%
Debt to Equity Ratio0.45x0.45x0.45x0.45x0.45x
Interest Coverage RatioN/AN/AN/AN/AN/A
CFO to Net Profit Conversion1.91x1.91x1.91x1.91x1.91x
SHAREHOLDING INTELLIGENCE • INSTITUTIONAL FLOWS SEBI LODR Reg 31
HOLDING PATTERN
Promoter: 39.58%
FII: N/A
DII: N/A
Public: 60.42%
Pledged: 0.00%
Quarterly Shareholding Trend & Institutional Inflows
CategoryJul 2026Jun 2026Mar 2026Dec 2025Sep 2025Mar 2024QoQ Shift
Promoter Holding39.58%40.72%40.77%40.86%41.22%40.72%-1.14%
Foreign Institutional (FII)N/A16.23%N/AN/AN/A16.23%—
Domestic Institutional (DII / MFs)N/A29.29%N/AN/AN/A29.29%—
Public & Retail60.42%13.76%59.23%59.14%58.78%13.76%+46.66%
Promoter Pledged Shares0.00%0.00%0.00%0.00%0.00%0.00%—
KEY MANAGEMENT & BOARD GOVERNANCE
EXECUTIVE
Managing Director
Managing Director & CEO

KMP
Chief Financial Officer
Chief Financial Officer

CORPORATE ACTIONS & DIVIDEND TRACK RECORD
Latest Dividend Paid ₹2.00
LTM Total Dividend ₹44.35
Dividends Recorded 9 payouts
Corporate Action Disclosures (Dividends, Bonus & Splits)
TypeEx-DateRecord DateAmount / RatioDescription
DIVIDEND2026-09-152026-09-15₹2.00Final Dividend - Rs. - 2.0000
DIVIDEND2026-09-152026-09-15₹7.00Final Dividend - Rs. - 7.0000
DIVIDEND2026-09-152026-09-15₹0.50Final Dividend - Rs. - 0.5000
DIVIDEND2026-09-152026-09-15₹5.00Final Dividend - Rs. - 5.0000
DIVIDEND2026-09-152026-09-15₹0.55Final Dividend - Rs. - 0.5500
DIVIDEND2026-09-152026-09-15₹25.00Final Dividend - Rs. - 25.0000
DIVIDEND2026-09-152026-09-15₹3.00Final Dividend - Rs. - 3.0000
CORPORATE_ACTION2026-09-152026-09-15N/ARight Issue of Equity Shares
DIVIDEND2026-09-152026-09-15₹1.00Final Dividend - Rs. - 1.0000
DIVIDEND2026-09-152026-09-15₹0.30Final Dividend - Rs. - 0.3000
REGULATORY FILINGS & EXCHANGE DISCLOSURES
Analysts/Institutional Investor Meet/Con. Call Updates 30 Oct 2026, 12:00 AM • NSE_OFFICIAL_API
Analysts/Institutional Investor Meet/Con. Call Updates

Copy of Newspaper Publication 27 Oct 2026, 12:00 AM • NSE_OFFICIAL_API
Copy of Newspaper Publication

Outcome of Board Meeting 26 Oct 2026, 12:00 AM • NSE_OFFICIAL_API
Outcome of Board Meeting

Capacity addition 26 Oct 2026, 12:00 AM • NSE_OFFICIAL_API
Capacity addition

Press Release 26 Oct 2026, 12:00 AM • NSE_OFFICIAL_API
Press Release

Analysts/Institutional Investor Meet/Con. Call Updates 26 Oct 2026, 12:00 AM • NSE_OFFICIAL_API
Analysts/Institutional Investor Meet/Con. Call Updates

Monitoring Agency Report 26 Oct 2026, 12:00 AM • NSE_OFFICIAL_API
Monitoring Agency Report

Allotment of Securities 23 Oct 2026, 12:00 AM • NSE_OFFICIAL_API
Allotment of Securities

UNIFIED CORPORATE CHRONOLOGICAL TIMELINE
2026-10-30 Analysts/Institutional Investor Meet/Con. Call Updates • NSE_OFFICIAL_API
Analysts/Institutional Investor Meet/Con. Call Updates

2026-10-27 Copy of Newspaper Publication • NSE_OFFICIAL_API
Copy of Newspaper Publication

2026-10-26 Analysts/Institutional Investor Meet/Con. Call Updates • NSE_OFFICIAL_API
Analysts/Institutional Investor Meet/Con. Call Updates

2026-10-26 Capacity addition • NSE_OFFICIAL_API
Capacity addition

2026-10-26 Monitoring Agency Report • NSE_OFFICIAL_API
Monitoring Agency Report

2026-10-26 Outcome of Board Meeting • NSE_OFFICIAL_API
Outcome of Board Meeting

2026-10-26 Press Release • NSE_OFFICIAL_API
Press Release

2026-10-23 Allotment of Securities • NSE_OFFICIAL_API
Allotment of Securities

2026-10-16 Analysts/Institutional Investor Meet/Con. Call Updates • NSE_OFFICIAL_API
Analysts/Institutional Investor Meet/Con. Call Updates

2026-10-15 Granting/withdrawal/surrender/cancellation/suspension of key lic • NSE_OFFICIAL_API
Granting/withdrawal/surrender/cancellation/suspension of key licenses/ regulatory approvals

2026-10-08 Certificate under SEBI (Depositories and Participants) Regulatio • NSE_OFFICIAL_API
Certificate under SEBI (Depositories and Participants) Regulations, 2018

2026-10-08 CERTIFICATE UNDER SEBI (DEPOSITORIES AND PARTICIPANTS) REGUL • NSE_OFFICIAL_API
Certificate under SEBI (Depositories and Participants) Regulations, 2018 — Ather Energy Limited has informed the Exchange about Certificate under SEBI (Depositories and Participants) Regulations, 2018

Ather Energy Limited has informed the Exchange about Certificate under SEBI (Depositories and Participants) Regulations, 2018

STATUTORY SOURCE PROVENANCE & VERIFICATION AUDIT TRAIL
BSE Official Filings (544397) ↗ NSE Official Quote (ATHERENERG) ↗

Every financial metric, balance-sheet balance, and shareholding breakdown displayed on this dossier is grounded in primary statutory filings submitted to Indian stock exchanges (SEBI LODR Regulations 31, 33, and 47). No data is manufactured, estimated, or interpolated.

Data Domain Reporting Period Statutory Source Ingestion Date Status Provenance Hash
financials_quarterly Q2 FY27 NSE_OFFICIAL_API 03 Nov 2026, 12:34 VERIFIED 3248406bc8b9...
financials_quarterly Q2 FY27 NSE_OFFICIAL_API 31 Oct 2026, 09:45 VERIFIED 3248406bc8b9...
financials_quarterly Q2 FY27 NSE_OFFICIAL_API 28 Oct 2026, 08:14 VERIFIED 8f3a276e2b01...
financials_quarterly Q1 FY27 NSE_OFFICIAL_API 25 Oct 2026, 15:45 VERIFIED 012420ffd8bc...
financials_quarterly Q1 FY27 NSE_OFFICIAL_API 21 Oct 2026, 22:45 VERIFIED 36a1a1139a6b...
financials_quarterly Q1 FY27 NSE_OFFICIAL_API 17 Oct 2026, 08:45 VERIFIED 36a1a1139a6b...
financials_quarterly Q1 FY27 NSE_OFFICIAL_API 12 Oct 2026, 19:45 VERIFIED a7944a544726...

DATA SOURCES, STATUTORY DISCLOSURES & METHODOLOGY

All corporate identifiers, listed equity data, shareholding patterns, and financial statements are extracted from official regulatory authorities: National Stock Exchange of India (NSE), BSE Limited, and Ministry of Corporate Affairs (MCA) via audited XBRL Ind-AS submissions under the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (Regulations 31, 33, and 47). Data is ingested and archived on official end-of-day (EOD) schedules with immutable provenance tracking.

Zero-Fabrication Policy: SRK Money Talk strictly enforces authentic data integrity. No financial values, debt levels, cash flows, or quarterly earnings are ever mathematically synthesized, interpolated, or fabricated. When statutory disclosures have not yet been filed or ingested, fields are strictly labeled as N/A or NOT_YET_AVAILABLE.

Statutory Disclaimer: The SRK Fundamental Health Score is a quantitative diagnostic algorithm based exclusively on historical audited filings and does not constitute an investment recommendation or financial advisory. Always consult a SEBI-registered investment adviser before making capital allocation decisions.