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 ₹ 17,860 Cr.
- Current Price ₹ 35.7
- High / Low ₹ 48.2 / 20.8
- Stock P/E
- Book Value ₹ 7.46
- Dividend Yield 0.00 %
- ROCE -19.9 %
- ROE -43.2 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
Cons
- Stock is trading at 4.79 times its book value
- Company has low interest coverage ratio.
- Promoter holding has decreased over last quarter: -0.47%
* 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 | |
| Sales growth | +43,321% | +605% | +90% | -10% | -50% | -49% | |
| 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 | -3.94 | -7.39 | -7.96 | -5.07 | -4.08 | -3.83 | |
| 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: | -16% |
| 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
-
Shareholder Letter For Q2 FY 27
- Q2 FY27 shareholder letter: 255 dealers, 319 stores, 6 GWh cell SCOD, borrowings cut to ₹1,819 crore.
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
- Ola Electric shared Q2 FY27 investor presentation, results, dealer expansion, and cell business milestones.
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Board Meeting Outcome for Approval Of Unaudited Standalone And Consolidated Financial Results For The Quarter And Half-Year Ended September 30,2026
- Board approved unaudited Q2 and half-year FY2026 financial results on November 12, 2026.
- Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
- Ola Electric schedules Q2 FY26-27 earnings call for 12 November 2026 at 5:00 PM IST.
Concalls
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Nov 2026PPT REC
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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.