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 ₹ 19,139 Cr.
- Current Price ₹ 43.4
- High / Low ₹ 83.4 / 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 4.28 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: | -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
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Disclosure Under Regulation 30 Of The SEBI (LODR) Regulations, 2015
1 Jan - Jan 1, 2026 shareholder letter: launches Roadster X, 4680 Bharat Cell, Roadster X+ 9.1kWh certified (up to 500km).
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Announcement under Regulation 30 (LODR)-Press Release / Media Release
1 Jan - 9,020 units registered in Dec 2025; market share 9.3% (12% H2); Hyperservice, 4680-cell vehicle certification.
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Announcement under Regulation 30 (LODR)-Change in Management
31 Dec - Vishal Chaturvedi resigns as Business Head - Cell effective December 31, 2025; personal commitments.
- Closure of Trading Window 31 Dec
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Announcement under Regulation 30 (LODR)-Press Release / Media Release
30 Dec - Roadster X+ (9.1kWh) certified (CMVR/iCAT) with in-house 4680 Bharat Cell; up to 500 km range; deliveries to begin.
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 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.