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 ₹ 18,186 Cr.
- Current Price ₹ 41.2
- High / Low ₹ 102 / 39.6
- Stock P/E
- Book Value ₹ 9.84
- Dividend Yield 0.00 %
- ROCE -28.1 %
- ROE -108 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
Cons
- Stock is trading at 4.21 times its book value
- Company has low interest coverage ratio.
* 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
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|
| 1 | 373 | 2,631 | 5,010 | 4,514 | 3,174 | |
| 278 | 1,174 | 3,883 | 6,276 | 6,249 | 4,769 | |
| Operating Profit | -277 | -800 | -1,252 | -1,266 | -1,735 | -1,595 |
| OPM % | -32,228% | -214% | -48% | -25% | -38% | -50% |
| 98 | 83 | 55 | 226 | 391 | 378 | |
| Interest | 1 | 18 | 108 | 187 | 366 | 418 |
| Depreciation | 20 | 49 | 167 | 358 | 566 | 645 |
| Profit before tax | -199 | -784 | -1,472 | -1,584 | -2,276 | -2,280 |
| Tax % | 0% | 0% | 0% | 0% | 0% | |
| -199 | -784 | -1,472 | -1,584 | -2,276 | -2,280 | |
| EPS in Rs | -199,230.00 | -4.01 | -7.53 | -8.10 | -5.16 | -5.17 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 130% |
| TTM: | -45% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| TTM: | -42% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | -39% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| Last Year: | -108% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|
| Equity Capital | 0.01 | 1,955 | 1,955 | 1,955 | 4,411 | 4,411 |
| Reserves | 1,971 | -98 | -1,409 | -2,909 | 732 | -69 |
| 42 | 2,608 | 3,505 | 5,684 | 3,556 | 3,121 | |
| 100 | 931 | 1,521 | 3,006 | 2,376 | 2,187 | |
| Total Liabilities | 2,113 | 5,396 | 5,573 | 7,735 | 11,075 | 9,650 |
| 104 | 1,025 | 1,219 | 2,491 | 3,154 | 3,439 | |
| CWIP | 43 | 83 | 507 | 713 | 702 | 388 |
| Investments | 455 | 1,102 | 276 | 64 | 40 | 38 |
| 1,510 | 3,186 | 3,571 | 4,468 | 7,179 | 5,785 | |
| Total Assets | 2,113 | 5,396 | 5,573 | 7,735 | 11,075 | 9,650 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|
| -252 | -885 | -1,507 | -633 | -2,391 | |
| 549 | -1,322 | -319 | -1,136 | -2,864 | |
| 3 | 3,085 | 659 | 1,590 | 5,429 | |
| Net Cash Flow | 300 | 878 | -1,167 | -179 | 174 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|
| Debtor Days | 161 | 15 | 12 | 12 | 1 |
| Inventory Days | 216 | 83 | 58 | 77 | |
| Days Payable | 271 | 98 | 112 | 94 | |
| Cash Conversion Cycle | 161 | -40 | -4 | -43 | -16 |
| Working Capital Days | -37,922 | -249 | -93 | -120 | -33 |
| ROCE % | -24% | -30% | -32% | -28% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Press Release / Media Release
16 Nov - Test rides of 4680 Bharat Cell S1 Pro+ (5.2kWh); ARAI-certified; specs, prices listed.
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Announcement Under Regulation 30 (SEBI LODR)-Analyst / Investor Meet - Intimation
14 Nov - Ola Electric Mobility Limited has informed regarding schedule of investor meeting
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Rumour verification - Regulation 30(11)
9 Nov - Ola denies LG-linked pouch-cell leak; confirms 4680 Bharat Cell production, ₹2,500 crore gigafactory investment.
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Announcement Under Regulation 30 (SEBI LODR)-Earnings Call Transcript
7 Nov - Q2 FY26 call: 30.7% gross margin, OCF ₹15cr, 2.5 GWh Gigafactory, Shakti BESS launch; FY27 BESS ₹1,000–1,200cr
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Announcement under Regulation 30 (LODR)-Newspaper Publication
7 Nov - Ola Electric Mobility Limited has informed regarding copies of newspaper publication in respect of Financial Results for the second quarter and half year ended September …
Concalls
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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 2025TranscriptNotesPPT REC
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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.