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 ₹ 17,299 Cr.
- Current Price ₹ 39.2
- High / Low ₹ 71.2 / 21.2
- Stock P/E
- Book Value ₹ 24.8
- Dividend Yield 0.00 %
- ROCE -0.21 %
- ROE -1.03 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
- Company is almost debt free.
Cons
- Company has low interest coverage ratio.
- Company has a low return on equity of -0.88% over last 3 years.
- Company has high debtors of 767 days.
- Company's cost of borrowing seems high
* 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 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|
| 0 | 0 | 2 | 1 | 28 | 170 | 82 | 3 | 2 | |
| 0 | 8 | 129 | 194 | 328 | 327 | 221 | 140 | 102 | |
| Operating Profit | -0 | -8 | -127 | -193 | -300 | -157 | -139 | -137 | -100 |
| OPM % | -7,870% | -7,083% | -22,193% | -1,068% | -92% | -170% | -4,567% | -4,008% | |
| 0 | 2 | 129 | 99 | 85 | 126 | 120 | 192 | 79 | |
| Interest | 0 | 0 | 1 | 0 | 0 | 0 | 2 | 92 | 85 |
| Depreciation | 0 | 0 | 6 | 9 | 7 | 7 | 6 | 3 | 3 |
| Profit before tax | -0 | -6 | -4 | -104 | -223 | -39 | -27 | -40 | -109 |
| Tax % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 4% |
| -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 | -0.26 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 23% |
| 3 Years: | -76% |
| TTM: | -17% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | -4% |
| 3 Years: | % |
| TTM: | -182% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | -25% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | -2% |
| 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 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|
| 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 | 6,511 |
| 0 | 0 | 0 | 3 | 1,804 | 1,810 | 3,378 | 566 | 321 | |
| 0 | 35 | 49 | 80 | 152 | 262 | 119 | 61 | 62 | |
| Total Liabilities | 0 | 315 | 2,179 | 2,152 | 4,472 | 4,711 | 6,197 | 11,644 | 11,305 |
| 0 | 22 | 40 | 35 | 33 | 29 | 27 | 27 | 38 | |
| CWIP | 0 | 0 | 9 | 41 | 32 | 105 | 118 | 4 | 0 |
| Investments | 0 | 91 | 20 | 589 | 1,962 | 2,614 | 4,024 | 9,012 | 10,161 |
| 0 | 202 | 2,109 | 1,487 | 2,445 | 1,962 | 2,028 | 2,601 | 1,106 | |
| Total Assets | 0 | 315 | 2,179 | 2,152 | 4,472 | 4,711 | 6,197 | 11,644 | 11,305 |
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 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|
| -110 | -184 | -312 | -87 | -312 | -117 | 104 | |||
| -1,760 | 468 | -1,292 | -1,066 | -1,313 | -5,294 | 384 | |||
| 1,852 | -1 | 2,454 | 56 | 1,566 | 5,410 | -330 | |||
| Net Cash Flow | -18 | 283 | 851 | -1,097 | -59 | -1 | 159 | ||
| Free Cash Flow | -138 | -225 | -317 | -243 | -321 | -122 | 149 | ||
| CFO/OP | 83% | 93% | 105% | 57% | 223% | 84% | -109% |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 0 | 4 | 34 | 148 | 35 | 392 | 608 | 767 | |
| Inventory Days | 150 | 84 | 16 | 0 | 85 | ||||
| Days Payable | 975 | 165 | 177 | 8,819 | |||||
| Cash Conversion Cycle | 0 | 4 | 34 | -677 | -46 | 230 | 608 | -7,968 | |
| Working Capital Days | -121,728 | 3,919 | -12,003 | 1,551 | 415 | 2,056 | 39,055 | -17,202 | |
| ROCE % | -5% | -3% | -5% | -7% | -1% | -0% | 1% | -0% |
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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Extracted by Screener AI
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Earnings Call Transcript
1d - Ola Electric Mobility Limited has submitted the transcript of the earnings conference call held for Q4 FY26 with the Stock Exchange
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Announcement under Regulation 30 (LODR)-Newspaper Publication
23 May - Ola Electric Mobility Limited has informed regarding submission of newspaper advertisements in respect of audited Standalone and Consolidated Financial Statement for the fourth quarter and …
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Disclosure Of Shareholders' Communication Pursuant To Regulation 30 Of The SEBI (LODR) Regulations, 2015
21 May - FY26 shareholder letter cites 38.5% Q4 gross margin, first cash-flow positive quarter, and 6 GWh Gigafactory scale-up.
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
20 May - Audio recording of May 20, 2026 earnings call for Q4 and FY26 audited results uploaded.
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Announcement under Regulation 30 (LODR)-Investor Presentation
20 May - Ola Electric Mobility Limited has informed rethreading a Investors Presentation
Concalls
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May 2026Transcript PPT REC
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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 2025TranscriptPPT 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.