Zelio E-Mobility Ltd
Zelio E-Mobility is primarily engaged in the business of manufacturing, assembling and supplying of electric vehicles, offering a range of electric two-wheelers (E-2Ws) and three-wheelers (3Ws), available in a variety of design, color, speed variants etc.(Source : 202503 Annual Report Page No:26)
- Market Cap ₹ 1,280 Cr.
- Current Price ₹ 605
- High / Low ₹ 614 / 155
- Stock P/E 45.7
- Book Value ₹ 52.6
- Dividend Yield 0.00 %
- ROCE 38.4 %
- ROE 40.7 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
- Company has a good return on equity (ROE) track record: 3 Years ROE 52.9%
Cons
- Stock is trading at 11.5 times its book value
- Though the company is reporting repeated profits, it is not paying out dividend
- Working capital days have increased from 50.7 days to 77.6 days
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Consumer Discretionary Automobile and Auto Components Automobiles 2/3 Wheelers
Part of BSE SME IPO
Half Yearly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|
| 13 | 51 | 94 | 172 | 304 | |
| 11 | 47 | 85 | 151 | 269 | |
| Operating Profit | 2 | 4 | 9 | 21 | 34 |
| OPM % | 12% | 8% | 9% | 12% | 11% |
| 0 | 0 | 0 | 2 | 3 | |
| Interest | 0 | 0 | 1 | 2 | 2 |
| Depreciation | 0 | 0 | 1 | 1 | 1 |
| Profit before tax | 2 | 4 | 8 | 19 | 34 |
| Tax % | 18% | 17% | 17% | 17% | 17% |
| 1 | 3 | 6 | 16 | 28 | |
| EPS in Rs | 423.33 | 1,020.00 | 2,103.33 | 9.69 | 13.25 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 81% |
| TTM: | 77% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 109% |
| TTM: | 75% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | % |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 55% |
| 3 Years: | 53% |
| Last Year: | 41% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|
| Equity Capital | 0.03 | 0.03 | 0.03 | 17 | 21 |
| Reserves | 1 | 4 | 11 | 10 | 90 |
| 4 | 10 | 14 | 31 | 19 | |
| 4 | 2 | 4 | 8 | 23 | |
| Total Liabilities | 9 | 15 | 29 | 66 | 153 |
| 0 | 1 | 8 | 8 | 14 | |
| CWIP | 0 | 4 | 1 | 4 | 7 |
| Investments | 0 | 0 | 0 | 0 | 0 |
| 8 | 11 | 20 | 54 | 132 | |
| Total Assets | 9 | 15 | 29 | 66 | 153 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|
| -3 | -1 | 1 | -10 | -7 | |
| -0 | -4 | -5 | -5 | -9 | |
| 4 | 5 | 3 | 15 | 42 | |
| Net Cash Flow | 0 | 0 | -0 | 0 | 26 |
| Free Cash Flow | -4 | -5 | -4 | -14 | -15 |
| CFO/OP | -186% | -10% | 25% | -28% | -7% |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|
| Debtor Days | 7 | 7 | 6 | 10 | 3 |
| Inventory Days | 246 | 56 | 64 | 87 | 87 |
| Days Payable | 72 | 7 | 13 | 9 | 24 |
| Cash Conversion Cycle | 182 | 56 | 57 | 88 | 66 |
| Working Capital Days | 65 | 25 | 32 | 43 | 78 |
| ROCE % | 44% | 45% | 52% | 38% |
Insights
In beta| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | Mar 2027 (P) | Mar 2028 (P) | |
|---|---|---|---|---|---|---|---|---|
| Low-Speed EV 2W Market Share % |
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| E-2W Units Sold units |
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| Dealer Network dealers |
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| Installed Capacity units per annum |
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| Capacity Utilization % |
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| E-2W Revenue Share % of total revenue |
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| 3W Units Sold units |
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| Localization (Make in India) % |
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Extracted by Screener AI
Documents
Announcements
-
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
8 Jul - Submitted Regulation 74(5) certificate for quarter ended June 30, 2026.
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Outcome Of Participation In Samruddhi Season 3 - Nav-Bharat Ka Caravan - Virtual Conference Organized By Hem Securities Ltd.
19 Jun - Zelio participated in Hem Securities’ June 17, 2026 virtual conference, sharing business updates and Q&A; no UPSI disclosed.
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Intimation Regarding Participation In Samruddhi Season 3 - Nav-Bharat Ka Caravan - Virtual
Conference Organized By Hem Securities Ltd.
10 Jun - Zelio E-Mobility will join Hem Securities’ virtual investor conference on June 17, 2026.
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Announcement under Regulation 30 (LODR)-Earnings Call Transcript
4 Jun - Please find attached herewith the Earnings Call Transcript with respect to the Investor/ Analyst call held on May 29, 2026
- SDD Compliance Certificate For The Quarter Ended And Financial Year Ended 31St March 2026 30 May
Concalls
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Jun 2026TranscriptPPTREC
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Nov 2025Transcript PPT REC
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Oct 2025TranscriptAI SummaryPPT
Business Profile[1]
Zelio E-Mobility Limited is engaged in manufacturing, assembling, and supplying electric vehicles focused on electric two-wheelers (E-2Ws) and three-wheelers (3Ws) under the brands Zelio (E-2Ws) and Tanga (3Ws).