Ather Energy Limited

NSEI:ATHERENERG Stock Report

Market Cap: ₹268.6b

Ather Energy Valuation

Is ATHERENERG undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

0/6

Valuation Score 0/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of ATHERENERG when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

₹112.92
Fair Value
525.4% overvalued intrinsic discount
5
Number of Analysts

Below Fair Value: ATHERENERG (₹706.2) is trading above our estimate of fair value (₹112.92)

Significantly Below Fair Value: ATHERENERG is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for ATHERENERG?

Key metric: As ATHERENERG is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for ATHERENERG. This is calculated by dividing ATHERENERG's market cap by their current revenue.
What is ATHERENERG's PS Ratio?
PS Ratio10.6x
Sales₹25.39b
Market Cap₹268.58b

Price to Sales Ratio vs Peers

How does ATHERENERG's PS Ratio compare to its peers?

The above table shows the PS ratio for ATHERENERG vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average5.5x
OLAELEC Ola Electric Mobility
6.2x21.72%₹227.7b
500182 Hero MotoCorp
2.7x7.99%₹1.1t
532343 TVS Motor
3.4x7.80%₹1.7t
505200 Eicher Motors
9.8x11.58%₹1.9t
ATHERENERG Ather Energy
10.6x26.56%₹268.6b

Price-To-Sales vs Peers: ATHERENERG is expensive based on its Price-To-Sales Ratio (10.6x) compared to the peer average (5.5x).

Price to Sales Ratio vs Industry

How does ATHERENERG's PS Ratio compare vs other companies in the IN Auto Industry?

2 CompaniesPrice / SalesEstimated GrowthMarket Cap
500570 Tata Motors Passenger Vehicles
0.3x6.74%US$17.18b
544428 Supertech EV
0.7xn/aUS$5.58m
No more companies available in this PS range
ATHERENERG 10.6xIndustry Avg. 0.9xNo. of Companies3PS02.85.68.411.214+
2 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: ATHERENERG is expensive based on its Price-To-Sales Ratio (10.6x) compared to the Asian Auto industry average (1x).

Price to Sales Ratio vs Fair Ratio

What is ATHERENERG's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

ATHERENERG PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio10.6x
Fair PS Ratio2.5x

Price-To-Sales vs Fair Ratio: ATHERENERG is expensive based on its Price-To-Sales Ratio (10.6x) compared to the estimated Fair Price-To-Sales Ratio (2.5x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst ATHERENERG forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current₹706.20
₹662.20
-6.23%
26.39%₹925.00₹458.00n/a5
Oct ’26₹587.20
₹571.50
-2.67%
20.18%₹748.00₹458.00n/a4
Sep ’26₹486.80
₹465.75
-4.32%
2.62%₹480.00₹450.00n/a4
Aug ’26₹347.30
₹449.25
+29.36%
5.72%₹480.00₹409.00n/a4
₹662.2
Fair Value
6.6% overvalued intrinsic discount
5
Number of Analysts

Analyst Forecast: Target price is lower than the current share price.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/10/29 00:22
End of Day Share Price 2025/10/29 00:00
Earnings2025/06/30
Annual Earnings2025/03/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Ather Energy Limited is covered by 6 analysts. 5 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Nishit JalanAxis Capital Limited
Chirag JainEmkay Global Financial Services Ltd.
Parikshit KandpalHDFC Securities Limited