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 ₹ 10,688 Cr.
- Current Price ₹ 24.2
- 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: | -55% |
| 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% |
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
2h - Ola launches Champions Edition S1 Pro+ and Roadster X+; available Mar 11–Apr 30, 2026, no extra cost.
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Announcement under Regulation 30 (LODR)-Press Release / Media Release
1d - Three-day #ChampionMahotsav from March 9, 2026: ₹10,000 benefits on any Ola vehicle.
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Announcement under Regulation 30 (LODR)-Press Release / Media Release
3 Mar - Roadster starts at ₹79,999; Muhurat Mahotsav Mar 3–4 offers limited-time prices, 8-year warranty, ₹5,000 Insider benefit.
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Announcement under Regulation 30 (LODR)-Press Release / Media Release
1 Mar - March 1, 2026: Ola launches Ola Insiders for 1M customers; upgrade benefits up to ₹50,000, add-on ₹20,000, referrals ₹5,000.
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Shareholder Meeting / Postal Ballot-Scrutinizer"s Report
28 Feb - Members approved appointment of Mr. Navalur Dattatreya Singh Shashank as Non-Executive Independent Director on Feb 28, 2026.
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.