Ather Energy Stock Price - ₹1,638.90 | Automobiles

Ather Energy is declining due to sustained selling pressure from Caladium Investment, which has reduced its stake to 3.24% by offloading nearly 6% of the company's equity. This institutional exit coincides with profit-booking following a recent all-time high of ₹1,744 and broader market weakness in the auto sector. Additionally, investors are wary of the stock's premium valuation and near-term dilution from recent capital raises, despite strong revenue growth.

10h ago

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Company insights, generated from the most recent coverage.

Caladium Investment has shed nearly 6% stake (from 9.25% to 3.24%) since March 2026, creating persistent supply pressure.
Stock trades at 17.47x P/B with negative ROE (-37.5%) and ROCE (-21.6%), significantly above industry medians, amplifying downside risk during market weakness.
Stock down 1.76% on Sep 3 as profit-booking continues after hitting a 52-week high of ₹1,744 on Sep 1, following a 3.6x gain in 12 months.

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The Quarter story

The two most recent quarterly results, compared side-by-side.

Ather Energy reaches a profitability inflection with rising sales and accessory uptake, though margin compression and market share dips require attention.

EBITDA margin improves from -16% in Q1 FY26 to 1% in Q1 FY27 over five quarters, marking a clear shift to profitability.

Adjusted gross margin drops from ₹1,548 in Q1 FY26 to ₹22 in Q1 FY27, signaling severe profit compression.

Attach rate climbs from 89% in Q2 FY26 to 94% in Q1 FY27, showing customers consistently buy more accessories.

Market share slips from 18.8% in Q3 FY26 to 16.8% in Q1 FY27, reflecting increased competition in the EV space.

COGS per unit falls from ₹112,440 in Q1 FY26 to ₹1,08,497 in Q4 FY26, reflecting better manufacturing efficiency.

Revenue per unit falls from ₹1,40,817 in Q4 FY26 to ₹1,25,891 in Q1 FY27, showing a shift toward lower pricing.

Charging stations grow from 238 in Q1 FY26 to 700 in Q4 FY26, expanding the support network for riders.

Total income contracts from ₹9,957 in Q3 FY26 to ₹1,216.92 in Q1 FY27, highlighting seasonal revenue pressure.

Registrations jump from 30.9 in Q3 FY26 to 90,808 in Q1 FY27, indicating a strong surge in customer demand.

Cumulative charging points fall from 5,241 in Q2 FY26 to 700 in Q4 FY26, indicating a strategic network consolidation.

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In the news

Ather Energy Surges 230% in 2026, Konarc Launch Drives Growth

Ather Energy faces 3-4 quarters of supply shortage despite ₹400-500 cr investment

Piramal Finance raises ₹3,850 crore via QIP and promoter warrants

Hero MotoCorp invests $184M in Ather Energy, stake rises to 32.8%

36 NIFTY500 firms see promoter stake cuts for 4 quarters

Ather Energy's Q1 FY27: First EBITDA Profit on 89% Revenue Surge

India's EV Two-Wheeler Battle: TVS Holds Lead as Bajaj Closes Gap

Ather Energy: The EV Startup That Built Its Own Safety Net

Ather Energy

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