Ather Energy Share Price Target 2025, 2026, 2030, 2040, 2050
Ather Energy is an Indian company that makes electric scooters. Founded in 2013 and based in Bengaluru, Ather designs and builds its scooters, batteries, chargers, and software in-house. Known for smart, stylish scooters, it’s a leading name in India’s electric vehicle market.
This blog will provide the details of Ather Energy Share Price targets as far as 25 years from now (2025 – 2050) based on its fundamentals, market position, and growth potential.
What is Ather Energy Ltd IPO?
Ather Energy produces electric scooters like the Ather 450 and Rizta series for performance and family use. They also offer smart helmets, mobile apps, and a fast-charging network across India. Ather operates its own factories and service centers and recently went public to expand its business.
Fundamental Data
| Particulars | Details |
|---|---|
| Market Cap | ₹11,956 Cr. |
| Promoter Holding | 54.6% |
| Net Profit (FY25 9M) | ₹-1,060 Cr. |
| Debt | ₹478 Cr. |
| Debt to Equity | 0.88 |
| ROCE | -69.0% |
| ROE | -153% |
| Dividend Yield | 0.00% |
| Face Value | ₹1.00 |
| Current Assets | ₹937 Cr. |
| Current Liabilities | ₹1,076 Cr. |
| Net Cash Flow (Prev Year) | ₹311 Cr. |
| Industry P/E | 29.8 |
Peer Comparisions
| Company | CMP ₹ | P/E | Market Cap ₹Cr | Div Yield % | Net Profit ₹Cr (Qtr) | Qtr Profit Var % | Sales ₹Cr (Qtr) | Qtr Sales Var % | ROCE % |
|---|---|---|---|---|---|---|---|---|---|
| Bajaj Auto | 8,030.00 | 29.76 | 2,24,243.86 | 1.00% | 2,195.65 | 8.02% | 13,168.88 | 8.25% | 33.53% |
| Ather Energy | – | – | 11,955.66 | 0.00% | -1,060.00 (FY25 9M) | – | – | – | -68.98% |
| Atul Auto | 464.50 | 74.38 | 1,289.05 | 0.00% | 7.12 | 59.28% | 194.99 | 26.35% | 4.19% |
| Delta Auto. | 72.40 | 16.18 | 110.70 | 0.00% | – | – | – | – | – |
Ather Energy IPO Details
| Detail | Information |
|---|---|
| IPO Date | 28 April 2025 to 30 April 2025 |
| Listing Date | May 6, 2025 |
| Face Value | ₹1 per share |
| Price Band | ₹304 to ₹321 per share |
| Minimum Investment | ₹13,984 |
| Lot Size | 46 Shares |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Share Holding Pre Issue | 29,06,43,469 shares |
| Share Holding Post Issue | 37,24,59,668 shares |
Ather Energy’s stock might perform well after its listing since many EV issues have been tackled in its new scooters, a strong focus on R&D is shown, and solid financial results are reported. With the growing craze for electric vehicles in India, Ather is nicely placed for growth and could see good market buzz after going public.
The price may fluctuate tomorrow, but the long-term growth potential remains strong.
| Day | Minimum Price (Rs) | Maximum Price (Rs) |
|---|---|---|
| Tomorrow | -18 from today’s price | +58 from today’s price |
Ather Energy is expected to grow steadily in 2025 as the demand for electric scooters continues to rise. Models like the Ather 450X and Rizta are trusted more because of experience centers and the fast-charging Ather Grid. A strong app is also used to keep customers happy and loyal.
Our analysis shows that the share price is expected to be between Rs 255 and Rs 495.
| Year | Minimum Price (Rs) | Maximum Price (Rs) |
|---|---|---|
| 2025 | 255 | 495 |
| Month | Minimum Price (Rs) | Maximum Price (Rs) |
|---|---|---|
| May | 275 | 390 |
| June | 265 | 400 |
| July | 290 | 415 |
| August | 315 | 430 |
| September | 320 | 445 |
| October | 350 | 460 |
| November | 370 | 475 |
| December | 395 | 495 |
By 2026, production will start at Ather’s new Factory 3.0 in Maharashtra. To meet the high demand, more scooters will be made, new scooters and accessories will be launched, and the product range will be made more attractive for Indian families and youngsters wanting modern electric rides.
Our analysis shows that the share price is expected to be between Rs 357 and Rs 619.
| Year | Minimum Price (Rs) | Maximum Price (Rs) |
|---|---|---|
| 2026 | 357 | 619 |
| Month | Minimum Price (Rs) | Maximum Price (Rs) |
|---|---|---|
| January | 357 | 420 |
| February | 365 | 435 |
| March | 375 | 450 |
| April | 390 | 465 |
| May | 400 | 480 |
| June | 390 | 495 |
| July | 405 | 510 |
| August | 420 | 530 |
| September | 435 | 545 |
| October | 450 | 560 |
| November | 470 | 590 |
| December | 490 | 619 |
Ather will focus on exports to countries like Sri Lanka and Nepal in 2027. Their scooters’ wide fast-charging network and smart features like OTA updates and TPMS (tyre pressure monitoring) will make them a tech-savvy choice. The Halo smart helmet will also become a trend among Indian riders.
Our analysis shows that the share price is expected to be between Rs 518 and Rs 805.
| Year | Minimum Price (Rs) | Maximum Price (Rs) |
|---|---|---|
| 2027 | 518 | 805 |
| Month | Minimum Price (Rs) | Maximum Price (Rs) |
|---|---|---|
| January | 518 | 595 |
| February | 530 | 610 |
| March | 545 | 625 |
| April | 560 | 645 |
| May | 570 | 655 |
| June | 555 | 670 |
| July | 570 | 685 |
| August | 585 | 705 |
| September | 600 | 725 |
| October | 615 | 745 |
| November | 635 | 770 |
| December | 655 | 805 |
By 2028, Ather’s research team will push more innovations in battery packs and connected scooters. Their R&D strength and software focus will make them stand out. As petrol prices increase and EVs get cheaper, more people will be shifted to electric scooters, bringing steady growth for Ather.
Our analysis shows that the share price is expected to be between Rs 777 and Rs 1,087.
| Year | Minimum Price (Rs) | Maximum Price (Rs) |
|---|---|---|
| 2028 | 777 | 1,087 |
| Month | Minimum Price (Rs) | Maximum Price (Rs) |
|---|---|---|
| January | 777 | 890 |
| February | 795 | 905 |
| March | 810 | 920 |
| April | 830 | 940 |
| May | 850 | 960 |
| June | 840 | 975 |
| July | 860 | 995 |
| August | 880 | 1,015 |
| September | 900 | 1,035 |
| October | 920 | 1,060 |
| November | 940 | 1,075 |
| December | 960 | 1,087 |
In 2029, Ather will reach more Tier 2 and Tier 3 cities. Experience centers and service stations will be set up across India. Costs will be reduced, and supply will be increased through local manufacturing in Tamil Nadu and Maharashtra, supporting the Make-in-India dream for EVs in every home.
Our analysis shows that the share price is expected to be between Rs 1,204 and Rs 1,522.
| Year | Minimum Price (Rs) | Maximum Price (Rs) |
|---|---|---|
| 2029 | 1,204 | 1,522 |
| Month | Minimum Price (Rs) | Maximum Price (Rs) |
|---|---|---|
| January | 1,204 | 1,300 |
| February | 1,220 | 1,315 |
| March | 1,240 | 1,330 |
| April | 1,260 | 1,350 |
| May | 1,280 | 1,375 |
| June | 1,270 | 1,400 |
| July | 1,290 | 1,420 |
| August | 1,310 | 1,440 |
| September | 1,330 | 1,465 |
| October | 1,350 | 1,485 |
| November | 1,370 | 1,510 |
| December | 1,400 | 1,522 |
By 2030, Ather will capture a bigger share of the electric two-wheeler market as its scooters become more affordable and reliable. AI-based features, better battery range, and expanded digital services will be introduced. Regular software updates and innovative accessories will attract young, modern Indian customers.
Our analysis shows that the share price is expected to be between Rs 1,926 and Rs 2,206.
| Year | Minimum Price (Rs) | Maximum Price (Rs) |
|---|---|---|
| 2030 | 1,926 | 2,206 |
| Month | Minimum Price (Rs) | Maximum Price (Rs) |
|---|---|---|
| January | 1,926 | 2,100 |
| February | 1,950 | 2,125 |
| March | 1,975 | 2,150 |
| April | 2,000 | 2,175 |
| May | 2,025 | 2,200 |
| June | 2,010 | 2,225 |
| July | 2,035 | 2,250 |
| August | 2,060 | 2,275 |
| September | 2,085 | 2,300 |
| October | 2,110 | 2,325 |
| November | 2,140 | 2,350 |
| December | 2,175 | 2,206 |
In 2040, a big global name might be made by Ather. International buyers will be drawn to their strong patent portfolio and innovative scooter technology. Eco-friendly solutions, smart helmets, and mobile apps will be offered to meet future mobility needs. Electric bikes or shared mobility platforms might be explored.
Our analysis shows that the share price is expected to be between Rs 3,277 and Rs 3,909.
| Year | Minimum Price (Rs) | Maximum Price (Rs) |
|---|---|---|
| 2040 | 3,277 | 3,909 |
| Month | Minimum Price (Rs) | Maximum Price (Rs) |
|---|---|---|
| January | 3,277 | 3,300 |
| February | 3,300 | 3,325 |
| March | 3,325 | 3,350 |
| April | 3,350 | 3,400 |
| May | 3,375 | 3,425 |
| June | 3,360 | 3,450 |
| July | 3,380 | 3,475 |
| August | 3,400 | 3,500 |
| September | 3,420 | 3,525 |
| October | 3,440 | 3,550 |
| November | 3,460 | 3,575 |
| December | 3,480 | 3,909 |
If innovation and expansion are continued, Ather Energy could be one of the top EV brands in the world by 2050. They will support India’s clean energy revolution and earn a strong place in the EV market through their long-term focus on quality, technology, and customer service.
Our analysis shows that the share price is expected to be between Rs 5,738 and Rs 7,108.
| Year | Minimum Price (Rs) | Maximum Price (Rs) |
|---|---|---|
| 2050 | 5,738 | 7,108 |
| Month | Minimum Price (Rs) | Maximum Price (Rs) |
|---|---|---|
| January | 5,738 | 5,760 |
| February | 5,750 | 5,790 |
| March | 5,765 | 5,820 |
| April | 5,780 | 5,850 |
| May | 5,800 | 5,880 |
| June | 5,790 | 5,910 |
| July | 5,810 | 5,940 |
| August | 5,830 | 5,970 |
| September | 5,850 | 6,000 |
| October | 5,870 | 6,030 |
| November | 5,890 | 6,060 |
| December | 5,910 | 7,108 |
| Year | Minimum Price (Rs) | Maximum Price (Rs) |
|---|---|---|
| 2025 | 255 | 495 |
| 2026 | 395 | 635 |
| 2027 | 518 | 805 |
| 2028 | 777 | 1,087 |
| 2029 | 1,204 | 1,522 |
| 2030 | 1,926 | 2,206 |
| 2040 | 3,277 | 3,909 |
| 2050 | 5,738 | 7,108 |
Should I Buy Ather Energy Stock?
If you were looking to invest, you might hold off on Ather Energy right now. Its profits are still negative, and the P/E ratio is pretty high. The company is growing, but the risks are significant, and it’s not profitable yet. I’d likely go for safer options with steady earnings and lower risks.
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Ather Energy Ltd Earning Results (Financials)
| Profit & Loss | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 |
|---|---|---|---|---|---|
| Sales | ₹1,754 Cr. | ₹1,781 Cr. | ₹408 Cr. | ₹80 Cr. | ₹35 Cr. |
| Expenses | ₹2,438 Cr. | ₹2,488 Cr. | ₹670 Cr. | ₹257 Cr. | ₹220 Cr. |
| Operating Profit | ₹-685 Cr. | ₹-708 Cr. | ₹-261 Cr. | ₹-177 Cr. | ₹-185 Cr. |
| Operating Profit Margin (OPM %) | -39% | -40% | -64% | -222% | -523% |
| Other Income | ₹-139 Cr. | ₹21 Cr. | ₹5 Cr. | ₹7 Cr. | ₹14 Cr. |
| Interest | ₹89 Cr. | ₹65 Cr. | ₹40 Cr. | ₹28 Cr. | ₹24 Cr. |
| Depreciation | ₹147 Cr. | ₹113 Cr. | ₹48 Cr. | ₹35 Cr. | ₹25 Cr. |
| Profit Before Tax | ₹-1,060 Cr. | ₹-864 Cr. | ₹-344 Cr. | ₹-233 Cr. | ₹-220 Cr. |
| Tax % | 0% | 0% | 0% | 0% | 0% |
| Net Profit | ₹-1,060 Cr. | ₹-864 Cr. | ₹-344 Cr. | ₹-233 Cr. | ₹-220 Cr. |
| EPS in Rs | N/A | N/A | N/A | N/A | N/A |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% |
Expert Forecasts on the Future of Ather Energy Ltd.
Some experts might think twice before investing in Ather Energy Ltd. The company is facing significant losses and negative profit margins and doesn’t pay dividends. Even though the electric vehicle market is booming, Ather must show it can make steady profits and cut down debt to attract serious long-term investors.
Is Ather Energy Stock Good to Buy? (Bull case & Bear case)
Bullish Case:
- Strong growth in India’s electric vehicle market.
- Innovative products and expanding charging network.
- Increasing sales and market share.
- Potential for profitability as the EV sector grows.
Bearish Case:
- High losses and negative margins.
- High debt and low interest coverage.
- No dividends for investors.
- High competition in the EV space.
Conclusion
Ather Energy produces electric scooters, battery packs, charging stations, and innovative software while providing after-sales service and the Ather Grid charging network. In the short term, growth might be slow because of ongoing losses. However, in the long run, with increasing demand for electric vehicles and its strong technology, Ather has the potential to grow significantly and become a market leader.
If you’re considering an investment, you should read the full article for details about the company’s performance and future stock projections.
