Atul Auto vs Ashok Leyland vs Ather Energy: Which Stock Should You Track
- September 23, 2026
- Posted by: Harsh Piplani
- Category: Market
Atul Auto PE 25.16, mkt cap Rs 1,238 crore. Ashok Leyland PE 25.35, mkt cap Rs 94,540 crore. Ather Energy PE NM (loss-making), mkt cap Rs 61,200 crore.
Quick Answer
Atul Auto vs Ashok Leyland vs Ather Energy is a side-by-side comparison of three companies from the Three-Wheelers, Commercial Vehicles and EVs space. On this comparison, Atul Auto carries a market capitalisation of about Rs 1,238 crore against Rs 94,540 crore for Ashok Leyland and Rs 61,200 crore for Ather Energy, with return on equity of 8.74%, 24.37% and -20.10% respectively. Each company’s numbers are presented here without a declared better pick, since the right stock depends on an investor’s own criteria.
Atul Auto vs Ashok Leyland vs Ather Energy starts with the core numbers most investors compare within the Three-Wheelers, Commercial Vehicles and EVs segment: market capitalisation, valuation multiples, profitability and dividend yield. Figures below are sourced as of September 2026 and will shift with daily price moves.
All three names sit in the Three-Wheelers, Commercial Vehicles and EVs bucket, which makes them a natural set to place side by side rather than a random trio of unrelated businesses.
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Atul Auto, Ashok Leyland and Ather Energy: Company Overview
Atul Auto is a listed Indian company in the Three-Wheelers, Commercial Vehicles and EVs space, tracked here on book value, return ratios and valuation alongside its peers in this comparison.
Ashok Leyland is a listed Indian company in the Three-Wheelers, Commercial Vehicles and EVs space, tracked here on book value, return ratios and valuation alongside its peers in this comparison.
Ather Energy is a listed Indian company in the Three-Wheelers, Commercial Vehicles and EVs space, tracked here on book value, return ratios and valuation alongside its peers in this comparison.
Atul Auto vs Ashok Leyland vs Ather Energy: Valuation and Profitability Snapshot
| Metric | Atul Auto | Ashok Leyland | Ather Energy |
|---|---|---|---|
| Market Cap (approx.) | Rs 1,238 crore | Rs 94,540 crore | Rs 61,200 crore |
| PE Ratio (TTM) | 25.16 | 25.35 | NM (loss-making) |
| PB Ratio | 2.56 | 6.64 | 15.03 |
| Return on Equity (ROE) | 8.74% | 24.37% | -20.10% |
| EPS (TTM, Rs) | 17.73 | 6.35 | -9.83 |
| Dividend Yield | 0.67% | 2.17% | 0.00% |
| Debt to Equity | 0.30 | 4.49 | 0.26 |
| Book Value per Share (Rs) | 174.24 | 24.25 | 102.69 |
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On valuation, Atul Auto trades at a PE of 25.16 and a PB of 2.56, Ashok Leyland at a PE of 25.35 and a PB of 6.64, while Ather Energy trades at a PE of NM (loss-making) and a PB of 15.03. On return on equity, the three post 8.74%, 24.37% and -20.10% respectively, and on dividend yield they stand at 0.67%, 2.17% and 0.00%.
Atul Auto vs Ashok Leyland vs Ather Energy: Latest Quarterly Results
| Company | Latest Quarter Revenue | Latest Quarter Net Profit | YoY Change (Revenue) | QoQ Change (Revenue) |
|---|---|---|---|---|
| Atul Auto | Rs 219.73 crore | Rs 8.04 crore | +43.6% | -9.0% |
| Ashok Leyland | Rs 13,258.24 crore | Rs 667.77 crore | +12.3% | -23.9% |
| Ather Energy | Rs 1,259.65 crore | Rs -51.09 crore | +87.2% | +3.8% |
Quarterly figures above are the most recent reported quarter for each company (Q1 FY28, quarter ended June 2026), compared with the year-ago and preceding quarter where that data was available. A blank cell means the figure could not be independently verified in this pull and should be checked on the company’s own exchange filing before use.
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What Should Investors Look at Beyond These Numbers?
Beyond the metrics above, investors comparing these three three-wheelers, commercial vehicles and evs names should track quarter-on-quarter revenue and margin trends, management commentary on order books or demand, and any sector-specific regulatory or input-cost developments, since a single-quarter snapshot can shift quickly.
Conclusion
Atul Auto vs Ashok Leyland vs Ather Energy highlights how differently three companies in the same three-wheelers, commercial vehicles and evs segment can score across valuation, profitability and dividend metrics, even when operating in a similar space. This comparison does not declare a winner; investors should weigh these figures against their own research and risk appetite. Please read the disclaimer below before making any investment decision.
Disclaimer: Data and figures in this article are sourced from publicly available information as of September 2026 and may not reflect real-time prices. Please verify all data independently before making any investment decision. This comparison does not recommend or endorse any single stock over another; investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).
FAQs on Atul Auto vs Ashok Leyland vs Ather Energy
What is the market cap difference between Atul Auto, Ashok Leyland and Ather Energy?
Ans. As of September 2026, Atul Auto has a market cap of approximately Rs 1,238 crore, Ashok Leyland is at approximately Rs 94,540 crore, and Ather Energy is at approximately Rs 61,200 crore.
Which of the three has the highest PE ratio?
Ans. Among Atul Auto, Ashok Leyland and Ather Energy, the PE ratios stand at 25.16, 25.35 and NM (loss-making) respectively as of September 2026.
Which of the three has the highest ROE?
Ans. Atul Auto, Ashok Leyland and Ather Energy post ROE of 8.74%, 24.37% and -20.10% respectively as of September 2026.
Which of these three stocks pays the highest dividend yield?
Ans. Atul Auto, Ashok Leyland and Ather Energy carry dividend yields of 0.67%, 2.17% and 0.00% respectively.
What is the debt to equity ratio for Atul Auto, Ashok Leyland and Ather Energy?
Ans. Atul Auto carries a debt to equity of 0.30, Ashok Leyland of 4.49, and Ather Energy of 0.26.
Which of the three trades at the highest price to book value?
Ans. Atul Auto, Ashok Leyland and Ather Energy trade at price to book ratios of 2.56, 6.64 and 15.03 respectively.
Is one of Atul Auto, Ashok Leyland or Ather Energy better than the others?
Ans. This comparison does not declare one stock better than another; each company scores differently across valuation, profitability and dividend metrics, and the right fit depends on an individual investor’s own criteria and research.
