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 ₹ 25,729 Cr.
- Current Price ₹ 58.2
- High / Low ₹ 110 / 39.6
- Stock P/E
- Book Value ₹ 11.7
- Dividend Yield 0.00 %
- ROCE -28.1 %
- ROE -108 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
Cons
- Stock is trading at 4.99 times its book value
- Company has low interest coverage ratio.
- Company might be capitalizing the interest cost
* 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 BSE 500 Nifty 500 BSE MidCap Nifty Midcap 100 Nifty 200
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 | 3,698 | |
| 278 | 1,174 | 3,883 | 6,275 | 6,249 | 5,469 | |
| Operating Profit | -277 | -800 | -1,252 | -1,265 | -1,735 | -1,771 |
| OPM % | -32,228% | -214% | -48% | -25% | -38% | -48% |
| 98 | 83 | 55 | 225 | 391 | 412 | |
| Interest | 1 | 18 | 108 | 186 | 366 | 393 |
| Depreciation | 20 | 49 | 167 | 358 | 566 | 605 |
| Profit before tax | -199 | -784 | -1,472 | -1,584 | -2,276 | -2,357 |
| Tax % | 0% | 0% | 0% | 0% | 0% | |
| -199 | -784 | -1,472 | -1,584 | -2,276 | -2,357 | |
| EPS in Rs | -199,230.00 | -4.01 | -7.53 | -8.10 | -5.16 | -5.34 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 130% |
| TTM: | -32% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| TTM: | -44% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | -46% |
| 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 | |
|---|---|---|---|---|---|
| Equity Capital | 0.01 | 1,955 | 1,955 | 1,955 | 4,411 |
| Reserves | 1,971 | -98 | -1,409 | -2,909 | 732 |
| 42 | 2,608 | 3,505 | 5,684 | 3,556 | |
| 100 | 931 | 1,521 | 3,005 | 2,376 | |
| Total Liabilities | 2,113 | 5,396 | 5,573 | 7,735 | 11,075 |
| 104 | 1,025 | 1,219 | 2,492 | 3,154 | |
| CWIP | 43 | 83 | 507 | 712 | 702 |
| Investments | 455 | 1,102 | 276 | 64 | 40 |
| 1,510 | 3,186 | 3,571 | 4,467 | 7,179 | |
| Total Assets | 2,113 | 5,396 | 5,573 | 7,735 | 11,075 |
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
8h - Launches 9-day Muhurat Mahotsav from Sep 23 offering EVs from ₹49,999 and ₹99,999; limited daily units.
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Announcement under Regulation 30 (LODR)-Press Release / Media Release
16 Sep - Ola Electric reaches 1 million units; launches Roadster X+, 4680 Bharat Cell S1 variants priced ₹1,49,999–₹1,89,999; deliveries start Navratri/Jan 2026
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Intimation Under Regulation 30(5) Of SEBI (LODR) Regulation, 2015
12 Sep - Dated Sept 12, 2025: Authorises Bhavish Aggarwal, Harish Abichandani, Abhishek Jain to determine materiality and disclose.
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Appointment of Company Secretary and Compliance Officer
12 Sep - Appointed Abhishek Jain as Company Secretary and Compliance Officer effective 12 Sept 2025.
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General Update Regarding Creation Of Pledge On Promoter Shares
10 Sep - Promoter pledged 10,71,70,404 shares (2.43% equity; 8.09% promoter) to Axis Trustee to secure debentures.
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.