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 ₹ 10,057 Cr.
- Current Price ₹ 22.8
- High / Low ₹ 71.2 / 21.2
- 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
- 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 | 2,599 | |
| 278 | 1,174 | 3,883 | 6,276 | 6,249 | 4,005 | |
| Operating Profit | -277 | -800 | -1,252 | -1,266 | -1,735 | -1,406 |
| OPM % | -32,228% | -214% | -48% | -25% | -38% | -54% |
| 98 | 83 | 55 | 226 | 391 | 285 | |
| Interest | 1 | 18 | 108 | 187 | 366 | 405 |
| Depreciation | 20 | 49 | 167 | 358 | 566 | 677 |
| Profit before tax | -199 | -784 | -1,472 | -1,584 | -2,276 | -2,203 |
| Tax % | 0% | 0% | 0% | 0% | 0% | |
| -199 | -784 | -1,472 | -1,584 | -2,276 | -2,203 | |
| EPS in Rs | -199,230.00 | -4.01 | -7.53 | -8.10 | -5.16 | -4.99 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 130% |
| TTM: | -53% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| TTM: | -22% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | -57% |
| 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 |
| Free Cash Flow | -360 | -1,772 | -2,350 | -1,845 | -3,367 |
| CFO/OP | 90% | 111% | 121% | 49% | 137% |
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% |
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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Documents
Announcements
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Announcement under Regulation 30 (LODR)-Press Release / Media Release
26 Mar - Launches #EndICEAge: EVs from ₹49,999; benefits up to ₹50,000; buyback up to 60%; 8-year warranty; offer till 31-Mar-2026.
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Announcement under Regulation 30 (LODR)-Press Release / Media Release
25 Mar - Ola expands Ola Insiders upgrade to 150+ cities; 50,000+ interests; up to ₹50,000 benefits; Gen3 S1, Roadster.
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Announcement under Regulation 30 (LODR)-Newspaper Publication
24 Mar - Ola Electric Mobility Limited has submitted the copies of newspaper publications dated March 24, 2026
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Announcement under Regulation 30 (LODR)-Newspaper Publication
24 Mar - Ola Electric Mobility Limited has submitted the copies of newspaper publications regarding the dispatch of Postal Ballot Notice
- Shareholder Meeting / Postal Ballot-Notice of Postal Ballot 23 Mar
Concalls
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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 2025TranscriptAI SummaryPPT 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.