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 ₹ 1,077 Cr.
- Current Price ₹ 509
- High / Low ₹ 610 / 155
- Stock P/E 38.4
- 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 9.69 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 | ||
| -0 | -4 | -5 | -5 | ||
| 4 | 5 | 3 | 15 | ||
| Net Cash Flow | 0 | 0 | -0 | 0 | |
| Free Cash Flow | -4 | -5 | -4 | -14 | |
| CFO/OP | -186% | -10% | 25% | -28% |
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 | |
|---|---|---|---|---|---|---|
| Market Share in Low Speed E-2W % |
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| Installed Capacity (2-Wheelers) Units per annum |
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| Sales Volume 2-Wheelers Units |
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| Actual Production (2-Wheelers) Units |
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| Capacity Utilization (2-Wheelers) % |
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| Dealer Network Size Number |
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| Number of Employees Number |
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| Projected Capacity Utilization (FY26) % |
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Extracted by Screener AI
Documents
Announcements
- SDD Compliance Certificate For The Quarter Ended And Financial Year Ended 31St March 2026 7m
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Statement Of Deviation(S) Or Variation(S) In The Use Of Proceeds Of Allotment Of Equity Shares W.R.T. Initial Public Offer (IPO) Under Regulation 32 Of The SEBI (LODR) Regulations, 2015 ('SEBI Listing Regulations')
42m - No deviation in IPO proceeds usage for ₹62.84 crore as of March 31, 2026.
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Compliances-Reg.24(A)-Annual Secretarial Compliance
3h - Corporate Governance Report not applicable for quarter ended March 31, 2026 due to SME listing exemption.
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
23h - Audio recording of investor call held on 29 May 2026 for audited FY26 results.
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Announcement under Regulation 30 (LODR)-Change in Management
1d - On 28 May 2026, board approved FY26 audited results; standalone revenue ₹30,660 lakh, profit ₹2,803 lakh.
Concalls
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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).