Ola Electric Mobility Ltd
Founded in 2017, Ola Electric Mobility Limited is an electric vehicle company that primarily manufactures electric vehicles and core components for electric vehicles. These components include battery packs, motors, and vehicle frames, all produced at the Ola Futurefactory.[1]
- Market Cap ₹ 25,980 Cr.
- Current Price ₹ 58.9
- High / Low ₹ 124 / 39.6
- Stock P/E
- Book Value ₹ 25.0
- Dividend Yield 0.00 %
- ROCE 0.59 %
- ROE -0.58 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
- Company is almost debt free.
Cons
- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of 10.9% over past five years.
- Company has a low return on equity of -0.87% over last 3 years.
- Earnings include an other income of Rs.204 Cr.
- Company has high debtors of 608 days.
- Working capital days have increased from 13,842 days to 39,055 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 500 Nifty 500 BSE MidCap Nifty Midcap 100 Nifty 200
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|
| 0 | 0 | 2 | 1 | 28 | 170 | 82 | 3 | 3 | |
| 0 | 8 | 129 | 194 | 328 | 327 | 221 | 140 | 153 | |
| Operating Profit | -0 | -8 | -127 | -193 | -300 | -157 | -139 | -137 | -150 |
| OPM % | -7,870% | -7,083% | -22,193% | -1,068% | -92% | -170% | -4,567% | -5,000% | |
| 0 | 2 | 129 | 99 | 85 | 126 | 120 | 192 | 204 | |
| Interest | 0 | 0 | 1 | 0 | 0 | 0 | 2 | 92 | 96 |
| Depreciation | 0 | 0 | 6 | 9 | 7 | 7 | 6 | 3 | 3 |
| Profit before tax | -0 | -6 | -4 | -104 | -223 | -39 | -27 | -40 | -45 |
| Tax % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | |
| -0 | -6 | -5 | -104 | -223 | -39 | -27 | -40 | -45 | |
| EPS in Rs | -10.00 | -6,080.00 | -4,510.00 | -103,690.00 | -1.14 | -0.20 | -0.14 | -0.09 | -0.10 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 11% |
| 3 Years: | -53% |
| TTM: | -81% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | -2% |
| 3 Years: | 22% |
| TTM: | -10% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | -47% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | -3% |
| 3 Years: | -1% |
| Last Year: | -1% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|
| Equity Capital | 0.01 | 0.01 | 0.01 | 0.01 | 1,955 | 1,955 | 1,955 | 4,411 |
| Reserves | -0 | 280 | 2,130 | 2,069 | 561 | 683 | 745 | 6,606 |
| 0 | 0 | 0 | 3 | 1,804 | 1,810 | 3,378 | 566 | |
| 0 | 35 | 49 | 80 | 152 | 262 | 119 | 61 | |
| Total Liabilities | 0 | 315 | 2,179 | 2,152 | 4,472 | 4,711 | 6,197 | 11,644 |
| 0 | 22 | 40 | 35 | 33 | 29 | 27 | 27 | |
| CWIP | 0 | 0 | 9 | 41 | 32 | 105 | 118 | 4 |
| Investments | 0 | 91 | 20 | 589 | 1,962 | 2,614 | 4,024 | 9,012 |
| 0 | 202 | 2,109 | 1,487 | 2,445 | 1,962 | 2,028 | 2,601 | |
| Total Assets | 0 | 315 | 2,179 | 2,152 | 4,472 | 4,711 | 6,197 | 11,644 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|
| -110 | -184 | -312 | -87 | -312 | -117 | |||
| -1,760 | 468 | -1,292 | -1,066 | -1,313 | -5,294 | |||
| 1,852 | -1 | 2,454 | 56 | 1,566 | 5,410 | |||
| Net Cash Flow | -18 | 283 | 851 | -1,097 | -59 | -1 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|
| Debtor Days | 0 | 4 | 34 | 148 | 35 | 392 | 608 | |
| Inventory Days | 150 | 84 | 16 | 0 | ||||
| Days Payable | 975 | 165 | 177 | |||||
| Cash Conversion Cycle | 0 | 4 | 34 | -677 | -46 | 230 | 608 | |
| Working Capital Days | -121,728 | 3,919 | -12,003 | 1,551 | 415 | 2,056 | 39,055 | |
| ROCE % | -5% | -3% | -5% | -7% | -1% | -0% | 1% |
Documents
Announcements
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Intimation Under Regulation 30(5) Of SEBI (LODR) Regulation, 2015
1d - Dated Sept 12, 2025: Authorises Bhavish Aggarwal, Harish Abichandani, Abhishek Jain to determine materiality and disclose.
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Appointment of Company Secretary and Compliance Officer
1d - Appointed Abhishek Jain as Company Secretary and Compliance Officer effective 12 Sept 2025.
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General Update Regarding Creation Of Pledge On Promoter Shares
10 Sep - Promoter pledged 10,71,70,404 shares (2.43% equity; 8.09% promoter) to Axis Trustee to secure debentures.
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Clarification /Confirmation On News Item Appearing In Media/Publication
9 Sep - Sept 9, 2025: Auditor flagged inventory internal-control weakness at subsidiary; company says isolated, no financial impact, disclosed July 31.
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Clarification sought from Ola Electric Mobility Ltd
8 Sep - Exchange has sought clarification from Ola Electric Mobility Ltd with reference to the media report appearing on https:// www.thehindubusinessline.com dated September 06, 2025, (Link: https://www.thehindubusinessline.com/companies/ola-electrics-financial-controls-under-scrutiny-as-auditor-flags-material-weakness-in-inventory-controls/article70017355.ece) …
Concalls
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Jul 2025Transcript PPT
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May 2025Transcript PPT REC
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May 2025TranscriptNotesPPTREC
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Apr 2025TranscriptNotesPPT
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Feb 2025Transcript PPT REC
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Nov 2024Transcript PPT REC
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Aug 2024Transcript PPT REC
Market Leadership[1]
Ola is the largest electric two-wheeler (E2W) manufacturer in India, with a market share of 19.6% in Q1 FY26 and deliveries of 68,192 units during the quarter.