Ather Energy Limited
PosiFunda Ratios Only on PositoAI
PositoAI's own ratios from Ather Energy Limited's yearly results (2023–2026), compared with Consumer Cyclical companies in India. Tap ? on any ratio for what it means.
What stands out
- Cash Locked Ratio: Money owed to suppliers is larger than money owed by customers plus stock: ₹17 per ₹100 of sales comes from others' credit, against ₹10 from others' credit three years earlier. Less money tied up than 97% of Consumer Cyclical companies in India.
- Self-Funding Ratio: Over the last 3 years operating cash was negative while the company kept spending on investment (capex). Lower than 88% of Consumer Cyclical companies in India.
- Tangible Assets Ratio: Of every ₹100 the company owns, ₹93 is in tangible assets such as plants, cash, stock and receivables; the rest is goodwill and other intangibles. Less tangible than 86% of Consumer Cyclical companies in India.
Where ₹100 of sales goes
Latest year (Mar 2026). Taxes and other income are not shown, so the parts need not add up to 100.
Cash quality
Profit Cash Ratio
—Loss-making or profit too small
Over the last 3 years profit was a loss or under 2% of sales, so cash per 100 of profit is not meaningful.
Self-Funding Ratio
-1.0×Over the last 3 years operating cash was negative while the company kept spending on investment (capex).
Lower than 88% of Consumer Cyclical companies in India.
Cash Locked Ratio
−₹17Money owed to suppliers is larger than money owed by customers plus stock: ₹17 per ₹100 of sales comes from others' credit, against ₹10 from others' credit three years earlier.
Less money tied up than 97% of Consumer Cyclical companies in India.
Growth quality
Steadiness Ratio
2/3 · 2/3Sales grew in 2 of the last 3 years; profit grew in 2 of 3.
Less steady than 57% of Consumer Cyclical companies in India.
Growth Efficiency Ratio
₹18Sales grew 106% in 3 years; of every extra ₹100 of sales, ₹18 became extra profit.
Higher than 78% of Consumer Cyclical companies in India.
Asset Productivity Ratio
+106% / +139%In 3 years sales changed by +106% while total assets changed by +139%. Assets grew faster than sales.
Balance-sheet strength
Debt Due Cover Ratio
0.2×Debt due within a year is covered 0.2 times by its yearly operating cash.
Lower than 72% of Consumer Cyclical companies in India.
Cash Cushion Ratio
+3%Cash, after subtracting all debt, equals 3% of its market value (net cash).
Higher than 79% of Consumer Cyclical companies in India.
Tangible Assets Ratio
93%Of every ₹100 the company owns, ₹93 is in tangible assets such as plants, cash, stock and receivables; the rest is goodwill and other intangibles.
Less tangible than 86% of Consumer Cyclical companies in India.
Tangible Net Worth Ratio
87%Of every ₹100 of net worth, ₹87 is tangible; the rest is goodwill and other intangibles, often from buying other companies.
Less tangible than 82% of Consumer Cyclical companies in India.
Shareholders
Standard fundamentals
P/E, P/B, ROE, debt, growth and more (13)
Ather Energy Limited made a loss over the last year. Ather Energy Limited owes ₹0.46 for every ₹1 it owns. Ather Energy Limited made a loss in each of the last two years.
Compared with Consumer Cyclical companies in India · latest annual results Mar 2026.
P/E ratio
LossAther Energy Limited made a loss over the last year, so its P/E ratio is not meaningful.
P/B ratio
21.28The share price is 21.28 times Ather Energy Limited's book value per share, higher than 97% of Consumer Cyclical companies in India.
Market cap
₹54,747 CrThe total market value of all of Ather Energy Limited's shares at today's price (share price × number of shares), larger than 96% of Consumer Cyclical companies in India. PosiCap size class: Meso Cap.
Net worth (book value)
₹2,573 CrWhat Ather Energy Limited would have left on paper if it sold everything it owns and paid everything it owes, from its latest balance sheet (31 Mar 2026).
Book value per share
₹64.85Net worth divided by the number of shares. The share price of ₹1,380 is 21.3 times this, which is the P/B above.
Return on equity (ROE)
-15.1%Ather Energy Limited lost 15.1% of its shareholders' money over the last year, lower than 96% of Consumer Cyclical companies in India.
Owes vs Owns
0.46×Ather Energy Limited owes ₹0.46 for every ₹1 it owns (low), higher than 53% of Consumer Cyclical companies in India.
Dividend yield
NoneAther Energy Limited does not currently pay a dividend.
Revenue growth
+63%Revenue rose 63% in the year to Mar 2026, and grew 27% a year on average over 3 years.
Profit growth
LossAther Energy Limited made a loss in each of the last two years.
Profit margin
-14.1%Ather Energy Limited lost ₹14 for every ₹100 of revenue.
Interest cover
Not coveredAther Energy Limited's operating profit did not cover its interest costs in the year to Mar 2026.
Cash vs debt
Net cashAther Energy Limited held ₹1,790 Cr more cash than debt (net cash) at Mar 2026.
Questions
How is P/B calculated on PositoAI?
P/B is market cap divided by net worth from the latest balance sheet. For Ather Energy Limited: ₹54,747 Cr ÷ ₹2,573 Cr (31 Mar 2026) = 21.3.
What is Ather Energy Limited's return on equity?
Ather Energy Limited lost 15.1% of its shareholders' money over the last year, lower than 96% of Consumer Cyclical companies in India.
How much does Ather Energy Limited owe compared with what it owns?
Ather Energy Limited owes ₹0.46 for every ₹1 it owns (low), higher than 53% of Consumer Cyclical companies in India.
Does Ather Energy Limited pay a dividend?
No. Ather Energy Limited does not currently pay a dividend.
Is Ather Energy Limited's revenue growing?
Revenue rose 63% in the year to Mar 2026, and grew 27% a year on average over 3 years.
Figures from the company's yearly results and PositoAI's own data. Full tables are on the Go Deep tab. What each figure means. PositoAI is for research and education only and is not investment advice.