Ather Energy Balance Sheet
- Market cap
- ₹55,943 crore
- P/E
- 22.5
- P/B
- 21.75
- ROE
- -33.7%
- Dividend yield
- 1.20%
As of Mar 2022, Ather Energy had total assets of ₹13,700 crore and borrowings of ₹1,200 crore, against shareholders' equity of ₹9,000 crore — a debt-to-equity ratio of 0.13. Borrowings rose 78.68% from Mar 2023.
Ather Energy balance sheet
As at each financial year end, newest first. H1 = half-year.
| Item | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Equity capital | 500 | 500 | 500 | 29.06 | 38.27 |
| Reserves | 8,500 | -1,837 | -2,909 | -3,732 | -4,249 |
| Borrowings | 1,200 | 672 | 478 | 619 | 664 |
| Other liabilities | 3,500 | 692 | 890 | 988 | 1,485 |
| Total liabilities | 13,700 | 1,977 | 1,914 | 2,101 | 4,722 |
| Fixed assets | 6,500 | 371 | 351 | 526 | 750 |
| Capital work in progress | 400 | 100 | 100 | 100 | 100 |
| Investments | 2,500 | 395 | 383 | 420 | 944 |
| Other assets | 4,300 | 593 | 574 | 630 | 1,416 |
| Total assets | 13,700 | 1,977 | 1,914 | 2,101 | 4,722 |
Balance sheet ratios
- Debt to equity
- 0.13
Source: Company filings (consolidated), in ₹ crore. Data as of 7 October 2026. How this data is compiled.
Ather Energy balance sheet — frequently asked questions
What is the total debt of Ather Energy?
Ather Energy reported borrowings of ₹1,200 crore as of Mar 2022, compared with ₹672 crore as of Mar 2023.
What is Ather Energy's debt-to-equity ratio?
Based on the Mar 2022 balance sheet, Ather Energy's debt-to-equity ratio is 0.13 — borrowings of ₹1,200 crore against equity capital and reserves of ₹9,000 crore.
What are Ather Energy's total assets?
Ather Energy's total assets were ₹13,700 crore as of Mar 2022, including fixed assets of ₹6,500 crore and investments of ₹2,500 crore.
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