This article offers a comprehensive analysis of Ather Energy Share Price Target from 2025 to 2030, providing deep insights into its current market performance, historical share trends, financial growth trajectory, and future valuation potential. It also examines the company’s shareholding pattern, including key investors and institutional backing, as well as Ather Energy’s position in the competitive landscape of India’s electric two-wheeler market.
Overview of Ather Energy Ltd.
What is Ather Energy Limited?
Ather Energy Limited is a pioneering Indian electric two-wheeler (E2W) company established in 2013 by Tarun Mehta and Swapnil Jain. Headquartered in Bengaluru, Karnataka, the company specializes in the design, development, and in-house assembly of premium electric scooters, lithium-ion battery packs, charging infrastructure, and supporting software systems. Ather is recognized for its innovation in India’s rapidly growing EV sector.
Key Features of Ather Energy Limited
- Market Role: A leading player in India’s electric two-wheeler industry, promoting clean and connected mobility solutions.
- Product Portfolio: Manufactures popular electric scooters such as the Ather 450 Series and Ather Rizta, along with battery packs and software for smart EV operations.
- Manufacturing Facilities: Operates state-of-the-art EV manufacturing plants in Whitefield (Bengaluru) and Hosur (Tamil Nadu).
- Technological Innovation: Offers integrated EV solutions, including Ather Grid (charging network), vehicle telematics, and smart dashboard interfaces.
- Revenue & Workforce: Reported revenue of ₹1,783.6 crore (approx. US$220 million) in FY23, with a workforce of over 1,575 employees.
- Strategic Focus: Committed to accelerating electric mobility in India through performance-driven products, connected technology, and scalable production capabilities.
Information about Ather Energy Limited
| Information | Details |
|---|---|
| Website | atherenergy.com |
| Headquarters | Bengaluru, India |
| Founded | 2013 |
| Founders | Tarun Mehta, Swapnil Jain |
| CEO | Tarun Mehta |
| Stock Exchange Listings | BSE: 544397, NSE: ATHERENERG |
| Manufacturing Facilities | Whitefield (Bengaluru), Hosur (Tamil Nadu) |
| Employees | 1,575 (as of 2024) |
| Revenue | ₹1,783.6 crore (FY23) / approx. US$220 million |
| Key Business | Electric scooters (Ather 450 Series, Ather Rizta), battery packs, software systems |
Current Market Overview of Ather Energy Share Price
Ather Energy Limited Share Fundamental Data
| Fundamental Metric | Value |
|---|---|
| Market Cap | ₹12,295 Cr. |
| Current Price | ₹330 |
| 52-Week High / Low | ₹344 / ₹287 |
| Stock P/E | – (Negative Earnings) |
| Book Value | – (Not Available) |
| Dividend Yield | 0.00% |
| ROCE | -65.7% |
| ROE | -156% |
| Face Value | ₹1.00 |
Market Position of Ather Energy Share as of July 2024
Ather Energy’s share has shown mild short-term movements, with a 0.46% gain in a day and a -0.77% decline over the week. Notably, it recorded a 6.72% rise in the past month, reflecting growing investor optimism around the electric two-wheeler market and the company’s strong positioning. However, as a recently listed entity, longer-term performance data is not yet available. The stock’s early performance indicates cautious but emerging investor confidence in Ather’s growth potential.
| Time Period | Returns of Ather Energy Share |
|---|---|
| 1 Day | +0.46% |
| 1 Week | -0.77% |
| 1 Month | +6.72% |
| 3 Months | N.A. |
| 1 Year | N.A. (Newly Listed) |
| 3 Years | N.A. |
| 5 Years | N.A. |
Ather Energy Share Price Target (2025–2030)
Ather Energy Share Price Target for 2025
In 2025, Ather Energy’s share price is projected to range between ₹300 – ₹400, driven by strong market presence in the electric two-wheeler (E2W) segment and growing consumer demand for premium EV scooters.
| Year | Minimum Target (₹) | Maximum Target (₹) |
|---|---|---|
| 2025 | 300 | 400 |
Ather Energy Share Price Target for 2026
By 2026, the stock could reach between ₹350 – ₹500, backed by production expansion, enhanced charging infrastructure, and evolving battery technologies.
| Year | Minimum Target (₹) | Maximum Target (₹) |
|---|---|---|
| 2026 | 350 | 500 |
Ather Energy Share Price Target for 2027
In 2027, Ather’s share price is expected to range from ₹400 – ₹700, reflecting potential leadership in the E2W space and software-defined vehicle strategy.
| Year | Minimum Target (₹) | Maximum Target (₹) |
|---|---|---|
| 2027 | 400 | 700 |
Ather Energy Share Price Target for 2028
For 2028, the stock may surge to ₹500 – ₹900, supported by broader market penetration, product diversification, and improved profitability metrics.
| Year | Minimum Target (₹) | Maximum Target (₹) |
|---|---|---|
| 2028 | 500 | 900 |
Ather Energy Share Price Target for 2029
By 2029, Ather Energy’s share price could rise to ₹700 – ₹1,250, driven by market maturity, export opportunities, and cost efficiency in manufacturing.
| Year | Minimum Target (₹) | Maximum Target (₹) |
|---|---|---|
| 2029 | 700 | 1,250 |
Ather Energy Share Price Target for 2030
In 2030, the stock is forecasted to hit ₹850 – ₹1,500, cementing Ather’s position as a leading player in India’s EV ecosystem.
| Year | Minimum Target (₹) | Maximum Target (₹) |
|---|---|---|
| 2030 | 850 | 1,500 |
Ather Energy Share Price Target for Tomorrow
Ather Energy Financial Performance (FY 2023 – FY 2025)
| Annual | FY 2025 | FY 2024 | FY 2023 |
|---|---|---|---|
| Total Revenue (₹ Cr.) | 2,305.20 | 1,789.10 | 1,801.80 |
| Revenue Growth (%) | 28.85 | -0.70 | 335.43 |
| Total Expenses (₹ Cr.) | 3,117.50 | 2,674.20 | 2,666.30 |
| Expense Growth (%) | 16.58 | 0.30 | 251.80 |
| PAT (₹ Cr.) | -812.30 | -1,059.70 | -864.50 |
| PAT Growth (%) | – | – | – |
| Operating Margin (%) | -31.11 | -45.39 | -44.89 |
| Net Profit Margin (%) | -36.02 | -60.42 | -48.54 |
| Basic EPS (₹) | -32.00 | -47.00 | -48.00 |
How to Buy Ather Energy Shares
- Choose a Broker
Select a reliable stockbroker such as Zerodha, Groww, Upstox, Angel One, or ICICI Direct that offers Ather Energy shares (NSE: ATHERENERG, BSE: 544397). - Open a Trading & Demat Account
Register for both a Demat and trading account with your chosen broker. Common platforms include:- Zerodha’s Kite
- Groww
- Upstox Pro
- Complete KYC Verification
Provide the required documents to verify your identity:- PAN card
- Aadhaar card or Passport
- Bank account details
- Add Funds to Your Account
Deposit money into your trading account using UPI, net banking, debit card, or other available options. - Search for Ather Energy Shares
Look up “Ather Energy” or use its stock symbols:- NSE: ATHERENERG
- BSE: 544397
- Place Your Order
- Market Order: Buy at the current market price.
- Limit Order: Set a specific price at which you want to buy.
- Confirm & Execute
Review all order details, including the quantity and price, then confirm the transaction. - Monitor Your Investment
Track Ather Energy’s stock performance through your broker’s app or financial platforms like Moneycontrol, NSE India, or TradingView.
Shareholding Pattern of Ather Energy as on May 2025
Promoters:
- Percentage: 42.09%
- % Change QoQ: N.A.
- No. of Shareholders: Data Not Disclosed
FII (Foreign Institutional Investors):
- Percentage: 7.00%
- % Change QoQ: N.A.
DII (Domestic Institutional Investors):
- Percentage: 23.66%
- % Change QoQ: N.A.
Public (Retail & Others):
- Percentage: 27.24%
- % Change QoQ: N.A.
Total Number of Shareholders: 2,17,766
Peer Competitors of Ather Energy in the EV 2-Wheeler Sector
| Name | Share Price (₹) | Market Cap (₹ Cr) |
|---|---|---|
| Bajaj Auto | 8,450.00 | 2,35,972.67 |
| Eicher Motors | 5,678.00 | 1,55,720.42 |
| TVS Motor Co. | 2,879.75 | 1,36,813.23 |
| Hero Motocorp | 4,341.20 | 86,830.86 |
| Ola Electric | 41.40 | 18,260.85 |
| Ather Energy | 330.10 | 12,294.90 |
| Eraaya Lifespace | 43.90 | 837.15 |
Key Observations:
- Legacy Leaders: Bajaj Auto, Eicher Motors, and TVS dominate the segment with high valuations and market presence.
- Emerging EV Players: Ola Electric and Ather Energy represent high-growth pure-play EV manufacturers.
- Valuation Gap: Ather’s higher share price (₹330.10) vs. Ola’s (₹41.40) suggests different market expectations and business models.
Challenges and Risks of Investing in Ather Energy
Operational and Market Risks:
- Loss-Making Operations: Ather reported a PAT loss of ₹812 Cr in FY25; sustained profitability is uncertain.
- Rising Competition: Competes with Ola Electric, Bajaj, TVS, and Hero, creating pressure on pricing and margins.
- Supply Chain Dependency: Relies on battery components and semiconductors, exposing it to global disruptions.
- Policy Sensitivity: Changes in government EV subsidies (like FAME-II) may directly affect demand and margins.
Financial and Execution Risks:
- Negative Margins: Operating margin at -31.11% in FY25 highlights cost inefficiencies.
- Execution Pressure: Rapid scaling and maintaining service quality across new markets is a major challenge.
- High Cash Burn: Expanding R&D, production, and charging infra continues to weigh on finances.
Ather Energy Share Price: Key Growth Drivers
Market Strength & Positioning:
- EV Pioneer: Among India’s first premium e-scooter brands with strong tech integration.
- Brand Trust: Known for quality and innovation, especially with models like Ather 450X and Rizta.
Technology & Scale Advantage:
- Vertical Integration: In-house manufacturing of battery packs and software gives control over cost and quality.
- Smart Infrastructure: Ather Grid charging network supports long-term scalability.
Financial & Growth Potential:
- Revenue Growth: FY25 revenue surged to ₹2,305 Cr (up 28.85% YoY).
- Expanding Market Reach: Scaling across Tier-1 and Tier-2 cities with rising consumer EV adoption.
Investor Outlook:
- Retail & Institutional Interest: Balanced shareholding shows growing confidence in Ather’s long-term EV story.
Ather Energy (ATHERENERG) – FAQs
- What does Ather Energy do?
Ather Energy designs, develops, and manufactures electric two-wheelers like the Ather 450 Series and Rizta. It also builds battery packs, charging infrastructure (Ather Grid), and EV software systems in-house. - Is Ather Energy a profitable company?
No, Ather is currently not profitable. It reported a loss of ₹812 Cr in FY25 due to high investments in R&D, manufacturing, and market expansion. Profitability may improve as the business scales. - Is Ather Energy a good investment?
Ather has strong brand recognition and growth prospects in India’s EV space. However, it carries risks such as continued losses, strong competition, and execution challenges. Best suited for long-term investors with higher risk appetite. - How can I buy Ather Energy shares?
You can invest through any Indian brokerage like Zerodha, Groww, or Upstox by:- Opening a Demat & trading account
- Searching for “ATHERENERG” (NSE) or “544397” (BSE)
- Placing a market or limit order
- Does Ather Energy pay dividends?
No. Ather currently does not distribute dividends, as it reinvests its earnings to support growth, R&D, and expansion.
