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 ₹ 41,378 Cr.
- Current Price ₹ 93.8
- High / Low ₹ 158 / 66.6
- Stock P/E
- Book Value ₹ 14.9
- Dividend Yield 0.00 %
- ROCE -32.1 %
- ROE %
- Face Value ₹ 10.0
Pros
Cons
- Stock is trading at 6.30 times its book value
- Company has low interest coverage ratio.
- Company might be capitalizing the interest cost
* 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 | |
|---|---|---|---|---|
| 1 | 373 | 2,631 | 5,010 | |
| 278 | 1,174 | 3,883 | 6,276 | |
| Operating Profit | -277 | -800 | -1,252 | -1,266 |
| OPM % | -32,228% | -214% | -48% | -25% |
| 98 | 83 | 55 | 226 | |
| Interest | 1 | 18 | 108 | 187 |
| Depreciation | 20 | 49 | 167 | 358 |
| Profit before tax | -199 | -784 | -1,472 | -1,584 |
| Tax % | 0% | 0% | 0% | 0% |
| -199 | -784 | -1,472 | -1,584 | |
| EPS in Rs | -199,230.00 | -4.01 | -7.53 | -8.10 |
| Dividend Payout % | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 1699% |
| TTM: | 90% |
| Compounded Profit Growth | |
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| TTM: | -14% |
| Stock Price CAGR | |
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| Return on Equity | |
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Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Sep 2024 | |
|---|---|---|---|---|---|
| Equity Capital | 0.01 | 1,955 | 1,955 | 1,955 | 4,411 |
| Reserves | 1,971 | -98 | -1,409 | -2,909 | 2,162 |
| 42 | 2,608 | 3,505 | 5,684 | 3,355 | |
| 100 | 931 | 1,521 | 3,006 | 2,643 | |
| Total Liabilities | 2,113 | 5,396 | 5,573 | 7,735 | 12,571 |
| 104 | 1,025 | 1,219 | 2,491 | 3,287 | |
| CWIP | 43 | 83 | 507 | 713 | 99 |
| Investments | 455 | 1,102 | 276 | 64 | 40 |
| 1,510 | 3,186 | 3,571 | 4,468 | 9,145 | |
| Total Assets | 2,113 | 5,396 | 5,573 | 7,735 | 12,571 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|
| -252 | -885 | -1,507 | -633 | |
| 549 | -1,322 | -319 | -1,136 | |
| 3 | 3,085 | 659 | 1,590 | |
| Net Cash Flow | 300 | 878 | -1,167 | -179 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|
| Debtor Days | 161 | 15 | 12 | 12 |
| Inventory Days | 216 | 83 | 58 | |
| Days Payable | 271 | 98 | 112 | |
| Cash Conversion Cycle | 161 | -40 | -4 | -43 |
| Working Capital Days | -21,055 | -23 | 40 | -34 |
| ROCE % | -24% | -30% | -32% |
Documents
Announcements
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Intimation Of Schedule Of Investor Meeting
9 Dec - Schedule of investor meetings on December 12-17, 2024.
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Intimation Pursuant To Regulation 30 Of The SEBI (LODR) Regulations, 2015 ('SEBI Listing Regulations')
5 Dec - Received additional document request from CCPA.
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Announcement under Regulation 30 (LODR)-Press Release / Media Release
2 Dec - Ola Electric expands distribution network to 4,000 stores.
- Disclosures under Reg. 31(1) and 31(2) of SEBI (SAST) Regulations, 2011. 2 Dec
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Announcement under Regulation 30 (LODR)-Press Release / Media Release
26 Nov - Ola Electric launches Gig and S1 Z scooters.
Concalls
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Nov 2024Transcript PPT REC
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Aug 2024Transcript PPT REC
Market Leadership[1] Co. is the largest E-Scooter Manufacturing company in India, with 31% market share in the E2W sector, selling 329,618 scooters in FY24.[2]