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 ₹ 17,463 Cr.
- Current Price ₹ 37.7
- High / Low ₹ 71.2 / 21.2
- Stock P/E
- Book Value ₹ 7.60
- Dividend Yield 0.00 %
- ROCE -19.6 %
- ROE -43.2 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
Cons
- Stock is trading at 4.97 times its book value
- Company has low interest coverage ratio.
- Promoter holding has decreased over last quarter: -1.63%
* 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 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|
| 1 | 373 | 2,631 | 5,010 | 4,514 | 2,253 | 1,880 | |
| 278 | 1,174 | 3,883 | 6,276 | 6,249 | 3,225 | 2,800 | |
| Operating Profit | -277 | -800 | -1,252 | -1,266 | -1,735 | -972 | -920 |
| OPM % | -32,228% | -214% | -48% | -25% | -38% | -43% | -49% |
| 98 | 83 | 55 | 226 | 391 | 207 | 168 | |
| Interest | 1 | 18 | 108 | 187 | 366 | 380 | 339 |
| Depreciation | 20 | 49 | 167 | 358 | 566 | 684 | 646 |
| Profit before tax | -199 | -784 | -1,472 | -1,584 | -2,276 | -1,829 | -1,737 |
| Tax % | 0% | 0% | 0% | 0% | 0% | 0% | |
| -199 | -784 | -1,472 | -1,584 | -2,276 | -1,833 | -1,741 | |
| EPS in Rs | -199,230.00 | -4.01 | -7.53 | -8.10 | -5.16 | -4.16 | -3.91 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 383% |
| 3 Years: | -5% |
| TTM: | -49% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | -12% |
| TTM: | 26% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | -20% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| Last Year: | -43% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Equity Capital | 0.01 | 1,955 | 1,955 | 1,955 | 4,411 | 4,411 |
| Reserves | 1,971 | -98 | -1,409 | -2,909 | 732 | -1,060 |
| 42 | 2,608 | 3,505 | 5,684 | 3,556 | 2,763 | |
| 100 | 931 | 1,521 | 3,006 | 2,376 | 1,674 | |
| Total Liabilities | 2,113 | 5,396 | 5,573 | 7,735 | 11,075 | 7,788 |
| 104 | 1,025 | 1,219 | 2,491 | 3,154 | 3,352 | |
| CWIP | 43 | 83 | 507 | 713 | 702 | 496 |
| Investments | 455 | 1,102 | 276 | 64 | 40 | 0 |
| 1,510 | 3,186 | 3,571 | 4,468 | 7,179 | 3,940 | |
| Total Assets | 2,113 | 5,396 | 5,573 | 7,735 | 11,075 | 7,788 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| -252 | -885 | -1,507 | -633 | -2,391 | -775 | |
| 549 | -1,322 | -319 | -1,136 | -2,864 | 2,002 | |
| 3 | 3,085 | 659 | 1,590 | 5,429 | -1,201 | |
| Net Cash Flow | 300 | 878 | -1,167 | -179 | 174 | 26 |
| Free Cash Flow | -360 | -1,772 | -2,350 | -1,845 | -3,367 | -1,301 |
| CFO/OP | 90% | 111% | 121% | 49% | 137% | 80% |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Debtor Days | 161 | 15 | 12 | 12 | 1 | 5 |
| Inventory Days | 216 | 83 | 58 | 77 | 63 | |
| Days Payable | 271 | 98 | 112 | 94 | 159 | |
| Cash Conversion Cycle | 161 | -40 | -4 | -43 | -16 | -91 |
| Working Capital Days | -37,922 | -249 | -93 | -120 | -33 | -185 |
| ROCE % | -24% | -30% | -32% | -28% | -20% |
Insights
In beta| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|
| Deliveries units |
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| E2W Market Share % |
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| Store / Touchpoint Count number |
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| Auto Installed Capacity (Futurefactory) units/year |
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| Cumulative Installed Base vehicles |
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| Gigafactory Operational Capacity GWh |
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Extracted by Screener AI
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Press Release / Media Release
- Ola Electric launches Shakti energy storage portfolio; Shakti Gen2 deliveries begin November 2026, racks available March 2027.
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Disclosure Under Regulation 30 Of The SEBI (SEBI) (LODR) Regulations, 2015
- Ola Electric launched BESS portfolio—Ola Shakti, Shakti Rack and Mahashakti—on August 15, 2026.
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Announcement under Regulation 30 (LODR)-Earnings Call Transcript
- Ola Electric Mobility Limited has submitted with the exchange the transcript of the earnings conference call held on August 7, 2026
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Announcement under Regulation 30 (LODR)-Press Release / Media Release
- MHI revises ACC PLI timelines, giving Ola Electric full CY2031 incentive window worth up to ₹7,240 crore.
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Announcement under Regulation 30 (LODR)-Press Release / Media Release
- Ola Electric will unveil next chapter of Ola Energy on August 15, 2026 via official channels.
Concalls
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Aug 2026Transcript PPT REC
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May 2026Transcript PPT REC
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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 2025TranscriptPPT 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]
As of FY26, the company holds a 50%
market share in the electric motorcycle
market.