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 ₹ 22,173 Cr.
- Current Price ₹ 50.3
- 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: | -43% |
| 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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Disclosure Under Regulation 30 Of The SEBI (SEBI) (LODR) Regulations, 2015 (SEBI Listing Regulations).
7 Oct - OET allotted 40 crore OCRPS to Ola Cell for INR 400 crore preferential private placement on Oct 7, 2025.
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Intimation Of Change In Email Address Of MUFG Intime India Private Limited, Registrar And Share Transfer Agent Of The Company.
7 Oct - Oct 7, 2025: RTA (MUFG Intime) investor email changed to Investor.helpdesk@in.mpms.mufg.com; other contacts unchanged.
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Announcement under Regulation 30 (LODR)-Press Release / Media Release
6 Oct - Oct 6, 2025: Ola Electric gets government certification for 7kW and 11kW ferrite motors, replacing rare-earth magnets.
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Disclosure Under Regulation 30 Of The SEBI (''''SEBI'''') (LODR) Regulations, 2015 (''''SEBI Listing Regulations'''').
1 Oct - OCT to invest up to INR 877.64 crore via 87.76 crore OCRPS in OET (Oct 1, 2025).
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Closure of Trading Window
30 Sep - Trading window closed Oct 1, 2025 until 48 hours after unaudited Q2/HY Sep 30, 2025 results.
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.