Case study

ATHERENERG

ATHER ENERGY LIMITED

Tread carefully1y model +1.7%

Each stock's 10,000-path forecast, rendered as light.

32Score

ATHER ENERGY LIMITED (ATHERENERG) Stock Analysis & Case Study

Is ATHERENERG a good buy? The data-driven verdict.

ATHER ENERGY LIMITED (ATHERENERG) trades at ₹1,482,on the numbers it tread carefully, a Downstox Snapshot Score of 32/100.

On the numbers, ATHER ENERGY LIMITED (ATHERENERG) tread carefully, a Downstox Snapshot Score of 32/100, weighing ROE of 1.0%, a 52% model probability of trading higher in a year. Below: the full bull case, bear case, sector-relative valuation, and a probability-weighted price target for 2027-2031.

Last updated . Data snapshot for research, not investment advice.

ATHERENERG fundamentals at a glance, PE, PB, ROE, ROCE, market cap, dividend yield

Market cap
₹58,444 Cr
Current price
₹1,482
ROCE
1.0%
ROE
1.0%
Piotroski F-Score
2/8

How ATHERENERG ranks against the 2,373 companies in our screener

We do not hold book value, 3-year profit (PAT) growth, 3-year revenue growth or debt-to-equity ratio figures for ATHERENERG, as of 9 Aug 2026, so those are not ranked here.

ATHERENERG share price target 2027, 2028, 2029, 2030, 2031, a probability view

Unlike a single guessed number, this is a probability-weighted range from a 10,000-path Monte-Carlo simulation on 1.3y of ATHERENERG history (127%/yr drift, 47%/yr volatility).

YearLow (P10)Median target (P50)High (P90)Upside vs today
ATHERENERG 2027₹831₹1,506₹2,728+2%
ATHERENERG 2028₹667₹1,531₹3,514+3%
ATHERENERG 2029₹562₹1,556₹4,308+5%
ATHERENERG 2030₹485₹1,582₹5,161+7%
ATHERENERG 2031₹438₹1,608₹5,902+9%

Median (P50) is the central estimate; the P10-P90 band is the 80% confidence range. Probabilities, not promises.

What is the probability ATHERENERG goes up, or doubles?

52%
Higher in 1 year
Modelled chance the price is above today in 12 months
53%
Higher in 5 years
Modelled chance the price is above today in 5 years
27%
Doubles in 5 years
Modelled chance of reaching ₹2,963 within 5 years

The bull case for ATHERENERG

  • ATHER ENERGY LIMITED is part of the nifty100 universe with live, tracked fundamentals on Downstox.
  • Upside scenario: the model's optimistic (P90) 3-year path reaches ₹4,308.

The bear case & risks

  • ATHERENERG's return on equity of 1.0% ranks in the 15th percentile of the 2,373 NSE companies in our screener, as of 9 Aug 2026.
  • ATHERENERG's Piotroski F-Score of 2/8 ranks in the 6th percentile of the 2,373 NSE companies in our screener, as of 9 Aug 2026.
  • High historical volatility (47%/yr) means a wide, bumpy range of outcomes, size positions accordingly.
  • Downside scenario: the model's pessimistic (P10) 3-year path falls to ₹562.

ATHERENERG volatility & expected range, how bumpy is the ride?

Over the last 1.3 years ATHERENERG compounded at 127%/year with annualized volatility of 47%. That volatility implies a 1-year 80% range of ₹831-₹2,728, the honest backbone behind any single price target.

ATHERENERG price forecast, the full 60-month probability fan

Spot Price · Today
₹0
Based on 1.3 years of daily NSE data ·0.0% annualised volatility
5-yr median forecast
₹0
P(price ↑ in 5y)
0%
1-Year Forecast
2027
₹0
Median (P50)
1.7%
80% range₹831-₹2,728
P(price ↑)52%
P(price 2×)7%
3-Year Forecast
2029
₹0
Median (P50)
5.0%
80% range₹562-₹4,308
P(price ↑)52%
P(price 2×)21%
5-Year Forecast
2031
₹0
Median (P50)
8.5%
80% range₹438-₹5,902
P(price ↑)53%
P(price 2×)27%

ATHERENERG price probability fan

Each band shows where 10,000 simulated paths land. The wider the fan, the more uncertainty.

Probability Fan
ATHERENERG simulated paths · 60 months · 10,000 trials
P10-P90 (80%)P25-P75 (50%)Median (P50)

Probability of key outcomes

What are the odds ATHERENERG hits common targets within the simulated horizon?

0%
P(↑ 1Y)
Above today's price in 1 year
0%
P(↑ 5Y)
Above today's price in 5 years
0%
P(2×)
Doubles within 5 years
0%
P(↓)
Falls below today in 5 years

Full multi-horizon detail on the ATHERENERG price target & forecast page.

ATHERENERG Piotroski F-Score: 2/8, how financially strong is it?

2/8

The Piotroski F-Score grades financial strength on profitability, leverage and efficiency checks. Downstox scores the eight checks it can verify from published filings, so 8 is full marks. ATHERENERG scores 2/8, weak on the financial-strength checks.

ATHERENERG MTF margin & leverage across 11 brokers

Margin Trading Facility lets you buy ATHERENERG with part of the capital. Lower margin % = higher leverage. Rates compared across 11 brokers (no competitor publishes this):

BrokerMargin requiredApprox. leverage
Upstox35.37%2.8×
Zerodha35.35%2.8×
Groww40.00%2.5×
Dhan35.35%2.8×
Kotak Neo35.34%2.8×
Paytm Money35.45%2.8×
Pocketful34.69%2.9×
Fyers34.48%2.9×
Anand Rathi35.35%2.8×
Bajaj Broking38.00%2.6×
Share IndiaCHEAPEST34.37%2.9×

Compare every broker on the ATHERENERG MTF page.

About ATHER ENERGY LIMITED: sector, index & market-cap context

ATHER ENERGY LIMITED (ATHERENERG) is a mid-cap NSE-listed company, and a constituent of the Nifty 500 index, with a market capitalisation of ₹58,444 Cr. See more stocks on our screener.

How the ATHERENERG Snapshot Score & forecast are built

The Downstox Snapshot Score is a transparent, rules-based read of ATHER ENERGY LIMITED's public fundamentals plus a statistical forecast, not an analyst opinion. It rewards low-to-fair valuation, high ROE/ROCE, a strong Piotroski F-Score, a dividend, low volatility and a favourable probability of upside; it penalises rich valuations, weak capital efficiency, a low F-Score and high volatility. The price target is a 10,000-path Monte-Carlo simulation on real historical volatility, a distribution, not a single guess. The bull and bear cases are generated from the same data, so you always see both sides.

This is information, not investment advice. Do your own due diligence and consult a SEBI-registered adviser before investing.

ATHERENERG analysis, FAQs

Is ATHER ENERGY LIMITED (ATHERENERG) a good buy?

On the numbers, ATHER ENERGY LIMITED (ATHERENERG) tread carefully, a Downstox Snapshot Score of 32/100, weighing ROE of 1.0%, a 52% model probability of trading higher in a year. This is a data snapshot for research, not investment advice.

Is ATHERENERG overvalued or undervalued?

Valuation ratios for ATHERENERG are tracked live on Downstox.

What is the ATHERENERG share price target for 2031?

ATHERENERG's probability-weighted 2031 median target is ₹1,608, with an 80% range of ₹438-₹5,902 (10,000-path Monte-Carlo).

What is the probability ATHERENERG doubles in 5 years?

The modelled probability of ATHERENERG reaching ₹2,963 (2×) within 5 years is 27%.

What is the bull case for ATHERENERG?

ATHER ENERGY LIMITED is part of the nifty100 universe with live, tracked fundamentals on Downstox.

What are the risks in ATHERENERG?

ATHERENERG's return on equity of 1.0% ranks in the 15th percentile of the 2,373 NSE companies in our screener, as of 9 Aug 2026. ATHERENERG's Piotroski F-Score of 2/8 ranks in the 6th percentile of the 2,373 NSE companies in our screener, as of 9 Aug 2026. High historical volatility (47%/yr) means a wide, bumpy range of outcomes, size positions accordingly.

More on ATHERENERG