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 ₹ 13,846 Cr.
- Current Price ₹ 31.4
- High / Low ₹ 80.8 / 30.8
- 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 3.19 times its book value
- Company has low interest coverage ratio.
- Promoter holding has decreased over last quarter: -2.20%
* 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: | -51% |
| 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
-
Intimation Under Regulation 30(5) Of SEBI (LODR) Regulation, 2015
19 Jan - Ola Electric appoints Bhavish Aggarwal, Deepak Rastogi, Abhishek Jain as authorised disclosure KMPs (dated Jan 19, 2026).
-
Announcement Under Regulation 30 (LODR)-Resignation Of Chief Financial Officer (CFO)
19 Jan - CFO Harish Abichandani resigned effective Jan 19, 2026; Deepak Rastogi appointed CFO effective Jan 20, 2026.
-
Announcement Under Regulation 30 (LODR)-Appointment Of Chief Financial Officer (CFO)
19 Jan - Outgoing CFO Harish Abichandani resigns effective Jan 19, 2026; Deepak Rastogi appointed CFO effective Jan 20, 2026.
-
Announcement under Regulation 30 (LODR)-Press Release / Media Release
16 Jan - BIS-certified Ola शक्ति 6kW/9.1kWh (4680 cells); deliveries end-Jan 2026; prices ₹2,49,999/₹1,49,999
-
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
15 Jan - Ola Electric Mobility Limited has submitted the certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulation 2018 for the quarter ended December 31, 2025
Concalls
-
Nov 2025Transcript PPT REC
-
Jul 2025Transcript PPT
-
May 2025TranscriptPPTREC
-
May 2025TranscriptAI SummaryPPT REC
-
Apr 2025TranscriptAI SummaryPPT
-
Feb 2025Transcript PPT REC
-
Nov 2024Transcript PPT REC
-
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.