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 ₹ 20,634 Cr.
- Current Price ₹ 46.8
- High / Low ₹ 158 / 45.4
- 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 -0.86% over last 3 years.
- Earnings include an other income of Rs.192 Cr.
- Company has high debtors of 608 days.
- Working capital days have increased from 23,563 days to 68,012 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 Nifty 500 BSE MidCap Nifty Midcap 100 BSE IPO Nifty 200
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|
| 0 | 2 | 1 | 28 | 170 | 82 | 3 | |
| 8 | 129 | 194 | 328 | 327 | 219 | 140 | |
| Operating Profit | -8 | -127 | -193 | -300 | -157 | -138 | -137 |
| OPM % | -7,870% | -7,083% | -22,193% | -1,068% | -92% | -169% | -4,567% |
| 2 | 129 | 99 | 85 | 126 | 119 | 192 | |
| Interest | 0 | 1 | 0 | 0 | 0 | 2 | 92 |
| Depreciation | 0 | 6 | 9 | 7 | 7 | 6 | 3 |
| Profit before tax | -6 | -4 | -104 | -223 | -39 | -27 | -40 |
| Tax % | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| -6 | -5 | -104 | -223 | -39 | -27 | -40 | |
| EPS in Rs | -6,080.00 | -4,510.00 | -103,690.00 | -1.14 | -0.20 | -0.14 | -0.09 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 11% |
| 3 Years: | -53% |
| TTM: | -96% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | -2% |
| 3 Years: | 22% |
| TTM: | -60% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | % |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | -3% |
| 3 Years: | -1% |
| Last Year: | -1% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|
| Equity Capital | 0.01 | 0.01 | 0.01 | 1,955 | 1,955 | 1,955 | 4,411 |
| Reserves | 280 | 2,130 | 2,069 | 561 | 683 | 744 | 6,606 |
| 0 | 0 | 3 | 1,804 | 1,810 | 3,378 | 566 | |
| 35 | 49 | 80 | 152 | 262 | 119 | 61 | |
| Total Liabilities | 315 | 2,179 | 2,152 | 4,472 | 4,711 | 6,197 | 11,644 |
| 22 | 40 | 35 | 33 | 29 | 27 | 31 | |
| CWIP | 0 | 9 | 41 | 32 | 105 | 118 | 0 |
| Investments | 91 | 20 | 589 | 1,962 | 2,614 | 4,024 | 9,012 |
| 202 | 2,109 | 1,487 | 2,445 | 1,962 | 2,028 | 2,601 | |
| Total Assets | 315 | 2,179 | 2,152 | 4,472 | 4,711 | 6,197 | 11,644 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| 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 | -1,314 | -5,294 | ||
| 1,852 | -1 | 2,454 | 56 | 1,566 | 5,410 | ||
| Net Cash Flow | -18 | 283 | 851 | -1,097 | -60 | -1 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|
| Debtor Days | 0 | 4 | 34 | 148 | 35 | 393 | 608 |
| Inventory Days | 150 | 84 | 13 | 0 | |||
| Days Payable | 975 | 165 | 178 | ||||
| Cash Conversion Cycle | 0 | 4 | 34 | -677 | -46 | 228 | 608 |
| Working Capital Days | -120,888 | 3,919 | -11,638 | 1,551 | 415 | 2,263 | 68,012 |
| ROCE % | -3% | -5% | -7% | -1% | -0% | 1% |
Documents
Announcements
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Intimation Under Regulation 30(5) Of SEBI (LODR) Regulation, 2015
2d - Authorized KMPs named for materiality determination and disclosures under SEBI regulations.
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Announcement under Regulation 30 (LODR)-Resignation of Company Secretary / Compliance Officer
2d - Company Secretary Pritam Das Mohapatra resigns effective June 13, 2025, to pursue alternate career.
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Schedule Of Proposed Participation In Investor / Analyst Meetings
11 Jun - Scheduled site visit and investor meetings at Ola Electric's factories on June 17, 2025.
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Announcement under Regulation 30 (LODR)-Newspaper Publication
31 May - Ola Electric Mobility Limited has submitted the copies of newspaper advertisement
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
30 May - Q4 revenue ₹649cr; Q1 outlook ₹800-850cr, 65K deliveries, 28-30% margin; Roadster deliveries started; EBITDA break-even near.
Concalls
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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] Co. is the largest E-Scooter Manufacturing company in India, with 31% market share in the E2W sector, selling 329,618 scooters in FY24.[2]