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 ₹ 12,350 Cr.
- Current Price ₹ 28.0
- High / Low ₹ 71.2 / 21.2
- 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.
- Stock is trading at 1.08 times its book value
Cons
- Company has low interest coverage ratio.
- Promoter holding has decreased over last quarter: -2.20%
- 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.
- Company has high debtors of 608 days.
- Company's cost of borrowing seems high
- 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.
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 | 2 | |
| 0 | 8 | 129 | 194 | 328 | 327 | 221 | 140 | 132 | |
| Operating Profit | -0 | -8 | -127 | -193 | -300 | -157 | -139 | -137 | -130 |
| OPM % | -7,870% | -7,083% | -22,193% | -1,068% | -92% | -170% | -4,567% | -6,500% | |
| 0 | 2 | 129 | 99 | 85 | 126 | 120 | 192 | 111 | |
| Interest | 0 | 0 | 1 | 0 | 0 | 0 | 2 | 92 | 91 |
| Depreciation | 0 | 0 | 6 | 9 | 7 | 7 | 6 | 3 | 3 |
| Profit before tax | -0 | -6 | -4 | -104 | -223 | -39 | -27 | -40 | -113 |
| Tax % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | |
| -0 | -6 | -5 | -104 | -223 | -39 | -27 | -40 | -113 | |
| EPS in Rs | -10.00 | -6,080.00 | -4,510.00 | -103,690.00 | -1.14 | -0.20 | -0.14 | -0.09 | -0.25 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 11% |
| 3 Years: | -53% |
| TTM: | -78% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | -2% |
| 3 Years: | 22% |
| TTM: | -5750% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | -52% |
| 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 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 0.01 | 0.01 | 0.01 | 0.01 | 1,955 | 1,955 | 1,955 | 4,411 | 4,411 |
| Reserves | -0 | 280 | 2,130 | 2,069 | 561 | 683 | 745 | 6,606 | 6,617 |
| 0 | 0 | 0 | 3 | 1,804 | 1,810 | 3,378 | 566 | 474 | |
| 0 | 35 | 49 | 80 | 152 | 262 | 119 | 61 | 71 | |
| Total Liabilities | 0 | 315 | 2,179 | 2,152 | 4,472 | 4,711 | 6,197 | 11,644 | 11,573 |
| 0 | 22 | 40 | 35 | 33 | 29 | 27 | 27 | 37 | |
| CWIP | 0 | 0 | 9 | 41 | 32 | 105 | 118 | 4 | 0 |
| Investments | 0 | 91 | 20 | 589 | 1,962 | 2,614 | 4,024 | 9,012 | 10,134 |
| 0 | 202 | 2,109 | 1,487 | 2,445 | 1,962 | 2,028 | 2,601 | 1,402 | |
| Total Assets | 0 | 315 | 2,179 | 2,152 | 4,472 | 4,711 | 6,197 | 11,644 | 11,573 |
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 | ||
| Free Cash Flow | -138 | -225 | -317 | -243 | -321 | -122 | ||
| CFO/OP | 83% | 93% | 105% | 57% | 223% | 84% |
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% |
Insights
In beta| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|
| Deliveries (Units) Units |
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| E2W Market Share % |
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| Futurefactory Installed Capacity (E2W) Units per annum |
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| Total Stores / Touchpoints Numbers |
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| Gigafactory Installed Capacity GWh |
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| Total Patents Granted Numbers |
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Documents
Announcements
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Announcement under Regulation 30 (LODR)-Press Release / Media Release
27s - Ola Electric Mobility Limited has informed regarding a Press Release dated April 2, 2026
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Disclosure Of Shareholders' Communication Dated April 1, 2026, Pursuant To Regulation 30 Of The SEBI (LODR) Regulations, 2015.
14h - March registrations 10,117 (vs 3,973 Feb), daily orders >1,000, crossed 1 million cumulative registrations.
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Announcement under Regulation 30 (LODR)-Press Release / Media Release
1d - Daily orders >1,000; March registrations 10,117 (up 150% MoM); 1M cumulative registrations.
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Closure of Trading Window
1d - Trading window closed from April 1, 2026; reopens 48 hours after audited FY2026 results.
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Announcement under Regulation 30 (LODR)-Press Release / Media Release
26 Mar - Launches #EndICEAge: EVs from ₹49,999; benefits up to ₹50,000; buyback up to 60%; 8-year warranty; offer till 31-Mar-2026.
Concalls
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Feb 2026TranscriptPPT
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Feb 2026Transcript PPT REC
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Nov 2025Transcript PPT REC
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Jul 2025Transcript PPT
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May 2025TranscriptPPTREC
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May 2025TranscriptAI SummaryPPT REC
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Apr 2025TranscriptAI SummaryPPT
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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.