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 ₹ 22,081 Cr.
- Current Price ₹ 50.1
- High / Low ₹ 102 / 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.
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: | -33% |
| 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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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
2d - Ola Electric Mobility Limited has informed regarding schedule of earnings conference call with analysts and Investors on Thursday, November 06, 2025
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Board Meeting Intimation for Consideration And Approval Of Unaudited Financial Results For The Quarter And Half Year Ended September 30, 2025
2d - Board meeting on Nov 6, 2025 to approve unaudited Q2/H1 results for period ended Sep 30, 2025.
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Disclosure Under Regulation 30 Of The SEBI (SEBI) (LODR) Regulations, 2015
30 Oct - OET allotted 25,00,00,000 OCRPS to OCT aggregating INR250 crore on Oct 29, 2025.
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Announcement under Regulation 30 (LODR)-Newspaper Publication
29 Oct - Ola Electric Mobility Limited has informed about copy of newspaper publication regarding Postal Ballot Notice dated October 25, 2025
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DISCLOSURE PURSUANT TO REGULATION 30 OF THE SEBI ('SEBI') (LODR) REGULATIONS, 2015
29 Oct - CCPA sent investigation report Oct 28, 2025; comments due seven days; hearing Nov 10, 2025 — alleged misleading ads.
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.