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 ₹ 14,991 Cr.
- Current Price ₹ 30.0
- High / Low ₹ 53.3 / 20.8
- Stock P/E
- Book Value ₹ 7.03
- Dividend Yield 0.00 %
- ROCE -19.9 %
- ROE -43.2 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
Cons
- Stock is trading at 4.23 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 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|
| 1 | 373 | 2,631 | 5,010 | 4,514 | 2,253 | 1,880 | |
| 278 | 1,174 | 3,883 | 6,276 | 6,249 | 3,231 | 2,800 | |
| Operating Profit | -277 | -800 | -1,252 | -1,266 | -1,735 | -978 | -920 |
| OPM % | -32,228% | -214% | -48% | -25% | -38% | -43% | -49% |
| 98 | 83 | 55 | 226 | 391 | 193 | 168 | |
| Interest | 1 | 18 | 108 | 187 | 366 | 360 | 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 | -3.71 | -6.97 | -7.50 | -4.78 | -3.85 | -3.62 | |
| 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: | -39% |
| 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 | 2,781 | |
| CWIP | 43 | 83 | 507 | 713 | 702 | 1,067 |
| 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 | -1,492 |
| CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit | 90% | 111% | 121% | 49% | 137% | 79% |
Ratios
Consolidated / 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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| Auto Installed Capacity (Futurefactory) units/year |
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| Store / Touchpoint Count number |
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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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Intimation As Per Regulation 77B(2) Of SEBI (ICDR) Regulations, 2018 Regarding Confirmation Of Application Submitted By Specific Investors In Respect Of Rights Issue Of Partly Paid-Up Equity Shares Of The Company
- Specific investors applied for 23,855,476 rights entitlements in Ola Electric's rights issue on October 22, 2026.
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Announcement under Regulation 30 (LODR)-Newspaper Publication
- Intimation as per Reg 84 of SEBI (ICDR) Regulations, 2018 - Issue of advertisement in newspapers in respect of certain matters relating to rights issue …
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Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
- Regulation 74(5) certificate received for quarter ended September 30, 2026.
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DISCLOSURE OF SOCIAL MEDIA COMMUNICATION BY THE PROMOTER AND CHAIRMAN & MANAGING DIRECTOR(CMD)
- Promoter tweeted that Ola Electric’s first 150 dealers were onboarded and hosted at the factory.
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Submission Of Letter Of Offer For Rights Issue Of Partly Paid-Up Equity Shares Of Ola Electric Mobility Limited
- Ola Electric filed LOF for ₹999.74 crore rights issue on October 7, 2026; record date October 13.
Concalls
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Aug 2026Transcript PPT REC
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May 2026Transcript PPT REC
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Feb 2026Transcript
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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 2025Transcript PPT REC
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Apr 2025PPT
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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.