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 ₹ 19,555 Cr.
- Current Price ₹ 42.2
- 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 5.56 times its book value
- Company has low interest coverage ratio.
- Promoter holding has decreased over last quarter: -1.62%
* 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 | |
|---|---|---|---|---|---|---|
| 1 | 373 | 2,631 | 5,010 | 4,514 | 2,253 | |
| 278 | 1,174 | 3,883 | 6,276 | 6,249 | 3,225 | |
| Operating Profit | -277 | -800 | -1,252 | -1,266 | -1,735 | -972 |
| OPM % | -32,228% | -214% | -48% | -25% | -38% | -43% |
| 98 | 83 | 55 | 226 | 391 | 207 | |
| Interest | 1 | 18 | 108 | 187 | 366 | 380 |
| Depreciation | 20 | 49 | 167 | 358 | 566 | 684 |
| Profit before tax | -199 | -784 | -1,472 | -1,584 | -2,276 | -1,829 |
| Tax % | 0% | 0% | 0% | 0% | 0% | 0% |
| -199 | -784 | -1,472 | -1,584 | -2,276 | -1,833 | |
| EPS in Rs | -199,230.00 | -4.01 | -7.53 | -8.10 | -5.16 | -4.16 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 383% |
| 3 Years: | -5% |
| TTM: | -50% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | -12% |
| TTM: | 19% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | -8% |
| 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) 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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Extracted by Screener AI
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Allotment
4 Jun - Ola Electric allotted 217.58 million shares via QIP at ₹35.86, raising ₹780.24 crore on June 4, 2026.
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Announcement Under Regulation 30 (LODR)-Qualified Institutional Placement
4 Jun - QIP closed June 4, 2026; 217.6 million shares allocated at ₹35.86 each.
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Announcement Under Regulation 30 (LODR)-Qualified Institutional Placement
1 Jun - QIP opens June 1, 2026; floor price set at ₹37.74 per share.
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Submission Of The Audited Consolidated Financial Statements For The Financial Year Ended March 31, 2026
1 Jun - FY26 audited consolidated financials approved; auditor noted going-concern, inventory control weakness, and audit-trail issues.
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Announcement under Regulation 30 (LODR)-Press Release / Media Release
1 Jun - Ola Electric reported 15,139 registrations in May 2026, up 23% month-on-month.
Concalls
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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.