Ather Energy Limited (ATHERENERG) fair value: what the stock is really worth
As of Oct 29, 2026: fair value (intrinsic value) of Ather Energy Limited stock ₹2,942, price ₹1,663, upside +76.9%, quality 45 out of 100. Rating: strongly undervalued. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Oct 29, 2026.
How to read this chart
18‑month range ₹300.20 – ₹1,726 · fair‑value band ₹1,942 – ₹3,678 · the ₹1,663 price screens below the ₹2,942 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Oct 29, 2026.
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Ather Energy Limited, an electric vehicle company, engages in the design, development, and sale of electric two-wheelers, and associated product ecosystem.
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The company also offers vehicle architecture and chassis; battery packs and battery management system; vehicle control unit; touchscreen dashboard; motor controller; transmission; signal harness; and fast charging system.
In addition, it provides charging infrastructure, software, accessories and insurance policies in the capacity of corporate agent. The company was incorporated in 2013 and is headquartered in Bengaluru, India.
Stock analysis
Ather Energy Limited (ATHERENERG) currently trades at ₹1,663, while our model-based Fair Value estimate is ₹2,942, implying the stock looks roughly 43.5% undervalued today.
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Valuation
How firm this estimate is: it rests on 1 models at a data quality of 96/100, which puts the data coverage at low.
Scenario range: ₹1,942 (bear) to ₹3,678 (bull), the price of ₹1,663 sits below it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 45/100 (below-average quality), in the Consumer Cyclical sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Ather Energy Limited reported revenue of ₹36.7B in FY2026 versus ₹4.1B in FY2022, a compound +73.1%/yr. Reported net income was −₹5.2B in FY2026.
Key figures
Market cap ₹615B (≈ $6.5B) Mid · P/S ratio 13.6 · EPS (TTM) ₹−6.12 · Net margin −4.8% · Return on equity −6.7% · Return on assets (EBIT) −33.8% · Operating margin 1.8% · Revenue (TTM) ₹48.4B.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 14 out of 100 (low confidence).
What moves the price
The share trades about 4% below its 52-week high and 177% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Consumer Cyclical peers we cover trades at 8% fair-value upside, at 77%, ATHERENERG screens cheaper than that median.
Fair Value models
Bear₹1,942Fair Value ₹2,942Bull₹3,678
Price ₹1,663 · Upside +76.9%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.44/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+62.8%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+27.3%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+115.1%
Start year 2021 (pandemic)
Revenue growth 6 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+116.9%
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Profit margin (trend) ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.
−245.4% (2021) → −15.8% (2026)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2026 is a loss year, no rate is defined from a loss
News mood ⓘNews mood, the average tone of recent news (5 articles), rated against how stocks are usually covered. 🚀 Hype = unusually upbeat · 🙂 Positive = above average · 😐 Neutral = typical · 🙁 Negative = below average · 😨 Very negative = unusually downbeat. It reflects the tone of coverage, not our valuation.Very negative
Price, fair value, quality and upside side by side.
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Auto Manufacturers · 108 stocks
Beats the industry median on 3/9 measures
Overall it trails its industry peers.
Valuation
Quality Score45 · Below median
Fair Value upside+76.9% · Top 25%
Profitability
Return on assets−11.0% · Bottom 25%
Net margin (12 months)−4.8% · Bottom 25%
Operating margin (12 months)1.8% · Below median
Growth and dividend
Revenue growth (quarter YoY)69.9% · Top 25%
Balance sheet
Debt / equity0.14× · Below median
Valuation Multiplesvs Auto Manufacturers median · lower = cheaper
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "Ather Energy Limited Fair Value". https://www.fairvalue-calculator.com/stock/ATHERENERG
Frequently asked questions
Is Ather Energy Limited (ATHERENERG) overvalued or undervalued?
As of Oct 29, 2026, our model estimates a fair value of ₹2,942 versus a price of ₹1,663, about +77% upside (undervalued).
What is the fair value of ATHERENERG?
Our model-based fair value for Ather Energy Limited is ₹2,942 (as of Oct 29, 2026), built from audited fundamentals. The current price: ₹1,663.
What is the quality score of ATHERENERG?
Ather Energy Limited has a Quality Score of 45/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Ather Energy Limited (ATHERENERG)?
Our model-based price target is the fair value of ₹2,942 (as of Oct 29, 2026) from 1 valuation models. Cautious scenario ₹1,942, optimistic scenario ₹3,678. It is a calculation from audited fundamentals, not an analyst target.
What is the Ather Energy Limited stock forecast for 2026?
Our models put fair value at ₹2,942, about +77% upside versus a price of ₹1,663 (undervalued). Cautious scenario ₹1,942, optimistic scenario ₹3,678. The calculation is refreshed regularly with new filings.
What is the revenue of Ather Energy Limited (ATHERENERG)?
Ather Energy Limited reported trailing-twelve-month revenue of about ₹48.4B (latest available figure, as of Oct 29, 2026).
What is the intrinsic value of Ather Energy Limited (ATHERENERG)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Ather Energy Limited it is ₹2,942 per share (as of Oct 29, 2026), against a price of ₹1,663. It is the blended result of 1 valuation models (cash flow, earnings, asset, dividend).
Is Ather Energy Limited stock overvalued or undervalued in 2026?
As of Oct 29, 2026, ATHERENERG trades below its calculated fair value: price ₹1,663, fair value ₹2,942, a gap of about +77% (undervalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of ATHERENERG?
No. The price is what the market pays today (₹1,663); the fair value is what the company's own numbers justify (₹2,942). For Ather Energy Limited the two are ₹1,279 per share apart. That gap is exactly why we show both numbers side by side.
How much is Ather Energy Limited worth?
The market values Ather Energy Limited at about ₹615B (market capitalisation, as of Oct 29, 2026). Per share that is ₹1,663; our models calculate a fair value of ₹2,942 per share.
What do the bullish and bearish scenarios say about ATHERENERG?
Our models span a range for Ather Energy Limited: cautious scenario ₹1,942, base ₹2,942, optimistic ₹3,678 per share (as of Oct 29, 2026, price ₹1,663). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Ather Energy Limited (ATHERENERG)?
Balance-sheet figures for Ather Energy Limited (as of Oct 29, 2026): return on equity −6.7%, debt of 0.14 per unit of equity. They feed the Quality Score of 45/100, which measures business quality independently of the share price.
How far is ATHERENERG from its 52-week high?
Ather Energy Limited trades at ₹1,663, about 4% below its 52-week high of ₹1,726 and 177% above the low of ₹601.35 (as of Oct 29, 2026). Distance from the high says nothing about value: that is what the fair value of ₹2,942 is for.
Which stocks are comparable to Ather Energy Limited?
From the same area (Consumer Cyclical) we also value Toyota Motor Corporation, BYD Company, Ferrari N.V, General Motors Company, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Ather Energy Limited stock attractive at the current price?
The data as of Oct 29, 2026: price ₹1,663, calculated fair value ₹2,942 (+77%), Quality Score 45/100, from 1 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of ATHERENERG calculated?
We run Ather Energy Limited through 1 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of ₹2,942, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 13.1 % above its aggregate fair value. Ather Energy Limited currently trades 43 % below its own fair value, and the market average says nothing about that. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Ather Energy Limited (ATHERENERG)?
The closing price on Oct 29, 2026 was ₹1,663. Our model-based fair value is ₹2,942, about +77% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Ather Energy Limited right now?
The price is below even our cautious bear case (₹1,942). The market is more pessimistic than our downside scenario. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. Solid quality (45/100) at a price below fair value, the discount is the argument here, not the business quality. A fairly wide model range (₹1,942 to ₹3,678) leaves room in how you read the outcome.
Key figures of Ather Energy Limited
How large is the market capitalisation of Ather Energy Limited (ATHERENERG)?
The market capitalisation of Ather Energy Limited is ₹615B (≈ $6.5B). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Ather Energy Limited (ATHERENERG)?
The price-to-sales ratio of Ather Energy Limited is 13.6 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Ather Energy Limited (ATHERENERG)?
Earnings per share at Ather Energy Limited are ₹−6.12. Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Ather Energy Limited (ATHERENERG)?
The net margin of Ather Energy Limited is −4.8% (last twelve months). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Ather Energy Limited (ATHERENERG)?
The return on equity (ROE) of Ather Energy Limited is −6.7% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Ather Energy Limited (ATHERENERG)?
On an EBIT basis the return on assets of Ather Energy Limited is −33.8% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Ather Energy Limited (ATHERENERG)?
The operating margin of Ather Energy Limited is 1.8% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Ather Energy Limited (ATHERENERG)?
Revenue at Ather Energy Limited is growing +69.9% versus a year earlier (3y avg +27.3%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How much free cash flow does Ather Energy Limited (ATHERENERG) generate?
The free cash flow of Ather Energy Limited is −₹4.4B (fiscal year 2026). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net cash does Ather Energy Limited (ATHERENERG) hold?
Ather Energy Limited holds more cash than debt, ₹1.6B net (fiscal year 2026). The company holds more cash than debt, a safety cushion.
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Thin data
Oct 29, 2026