⚠ Disclaimer: This report is generated using AI tools and is for informational purposes only. It does not constitute investment advice. Please consult a registered financial advisor before making any investment decisions.

ATHERENERG - Fundamental Analysis: Financial Health & Valuation

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Rating: 2.5

Last Updated Time : 03 Feb 26, 07:53 pm

Fundamental Rating: 2.5

Stock Code ATHERENERG Market Cap 25,824 Cr. Current Price 676 ₹ High / Low 790 ₹
Book Value 71.3 ₹ Dividend Yield 0.00 % ROCE -65.7 % ROE -156 %
Face Value 1.00 ₹ DMA 50 650 ₹ DMA 200 540 ₹ Chg in FII Hold -6.16 %
Chg in DII Hold 4.50 % PAT Qtr -79.6 Cr. PAT Prev Qtr -154 Cr. RSI 39.7
MACD -18.9 Volume 19,16,096 Avg Vol 1Wk 12,68,710 Low price 287 ₹
High price 790 ₹ Debt to equity 0.16 52w Index 77.4 % Qtr Profit Var 59.8 %
EPS -19.1 ₹ Industry PE 29.0

📊 Core Financials

  • Revenue & Profitability: Company remains loss-making with quarterly PAT at -79.6 Cr. (improved from -154 Cr. previous quarter). EPS is -19.1 ₹.
  • Margins: ROCE at -65.7% and ROE at -156% highlight severe inefficiency and negative returns.
  • Debt: Debt-to-equity ratio of 0.16 indicates moderate leverage, manageable but concerning given losses.
  • Cash Flow: Negative profitability suggests weak cash generation and reliance on external funding.

💹 Valuation Indicators

  • P/E Ratio: Not applicable due to losses, making valuation unreliable.
  • P/B Ratio: Current price (676 ₹) vs. book value (71.3 ₹) shows steep premium despite negative earnings.
  • PEG Ratio: Not meaningful due to negative EPS.
  • Intrinsic Value: Current market price appears speculative relative to fundamentals.

🏢 Business Model & Competitive Advantage

  • Focus on electric mobility solutions, particularly EV scooters, with strong brand recognition.
  • Innovative product pipeline aligned with rising EV adoption trends.
  • Still in early growth stage with heavy investments impacting profitability.

📈 Entry Zone & Long-Term Guidance

  • Entry Zone: Safer accumulation range lies between 400–500 ₹, given current overvaluation and losses.
  • Long-Term Holding: Suitable only for high-risk investors betting on EV industry growth. Long-term patience required until profitability improves.


✅ Positive

  • Quarterly losses narrowed significantly (from -154 Cr. to -79.6 Cr.).
  • DII holding

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