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 ₹ 18,186 Cr.
- Current Price ₹ 41.2
- High / Low ₹ 158 / 39.6
- Stock P/E
- Book Value ₹ 25.0
- Dividend Yield 0.00 %
- ROCE 0.59 %
- ROE -0.58 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
- Company is almost debt free.
Cons
- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of 10.9% over past five years.
- Company has a low return on equity of -0.86% over last 3 years.
- Earnings include an other income of Rs.204 Cr.
- Company has high debtors of 608 days.
- Working capital days have increased from 23,563 days to 68,012 days
* 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.
Peer comparison
Consumer Discretionary Automobile and Auto Components Automobiles 2/3 Wheelers
Part of BSE 500 Nifty 500 BSE MidCap Nifty Midcap 100 BSE IPO
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|
| 0 | 2 | 1 | 28 | 170 | 82 | 3 | 3 | |
| 8 | 129 | 194 | 328 | 327 | 219 | 140 | 153 | |
| Operating Profit | -8 | -127 | -193 | -300 | -157 | -138 | -137 | -150 |
| OPM % | -7,870% | -7,083% | -22,193% | -1,068% | -92% | -169% | -4,567% | -5,000% |
| 2 | 129 | 99 | 85 | 126 | 119 | 192 | 204 | |
| Interest | 0 | 1 | 0 | 0 | 0 | 2 | 92 | 96 |
| Depreciation | 0 | 6 | 9 | 7 | 7 | 6 | 3 | 3 |
| Profit before tax | -6 | -4 | -104 | -223 | -39 | -27 | -40 | -45 |
| Tax % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | |
| -6 | -5 | -104 | -223 | -39 | -27 | -40 | -45 | |
| EPS in Rs | -6,080.00 | -4,510.00 | -103,690.00 | -1.14 | -0.20 | -0.14 | -0.09 | -0.10 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 11% |
| 3 Years: | -53% |
| TTM: | -81% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | -2% |
| 3 Years: | 22% |
| TTM: | -10% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | % |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | -3% |
| 3 Years: | -1% |
| Last Year: | -1% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|
| Equity Capital | 0.01 | 0.01 | 0.01 | 1,955 | 1,955 | 1,955 | 4,411 |
| Reserves | 280 | 2,130 | 2,069 | 561 | 683 | 744 | 6,606 |
| 0 | 0 | 3 | 1,804 | 1,810 | 3,378 | 566 | |
| 35 | 49 | 80 | 152 | 262 | 119 | 61 | |
| Total Liabilities | 315 | 2,179 | 2,152 | 4,472 | 4,711 | 6,197 | 11,644 |
| 22 | 40 | 35 | 33 | 29 | 27 | 31 | |
| CWIP | 0 | 9 | 41 | 32 | 105 | 118 | 0 |
| Investments | 91 | 20 | 589 | 1,962 | 2,614 | 4,024 | 9,012 |
| 202 | 2,109 | 1,487 | 2,445 | 1,962 | 2,028 | 2,601 | |
| Total Assets | 315 | 2,179 | 2,152 | 4,472 | 4,711 | 6,197 | 11,644 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|
| -110 | -184 | -312 | -87 | -312 | -117 | ||
| -1,760 | 468 | -1,292 | -1,066 | -1,314 | -5,294 | ||
| 1,852 | -1 | 2,454 | 56 | 1,566 | 5,410 | ||
| Net Cash Flow | -18 | 283 | 851 | -1,097 | -60 | -1 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|
| Debtor Days | 0 | 4 | 34 | 148 | 35 | 393 | 608 |
| Inventory Days | 150 | 84 | 13 | 0 | |||
| Days Payable | 975 | 165 | 178 | ||||
| Cash Conversion Cycle | 0 | 4 | 34 | -677 | -46 | 228 | 608 |
| Working Capital Days | -120,888 | 3,919 | -11,638 | 1,551 | 415 | 2,263 | 68,012 |
| ROCE % | -3% | -5% | -7% | -1% | -0% | 1% |
Documents
Announcements
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Disclosure Under Regulation 30 Of The SEBI (SEBI) (LODR) Regulations, 2015 (SEBI Listing Regulations).
1d - Board approved IPO proceeds utilization change and appointed secretarial auditors, subject to shareholder approval.
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
15 Jul - Ola Electric reports Q1 FY26 EBITDA positivity, Gen 3 ramp-up, 4680 cell launch, and 5 GWh Gigafactory progress.
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Announcement under Regulation 30 (LODR)-Newspaper Publication
15 Jul - Ola Electric Mobility Limited has submitted the copies of the newspaper advertisement
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Announcement under Regulation 30 (LODR)-Monitoring Agency Report
15 Jul - Ola Electric's Q1 FY2026 monitoring report shows IPO proceeds used as planned; minor capex delay noted.
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Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
15 Jul - Ola Electric Mobility Limited has filed with the the exchange certificate under Regulation 74 of SEBI (DP) Regulations, 2018 for the quarter ended June 30, …
Concalls
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Jul 2025Transcript PPT
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May 2025Transcript PPT REC
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May 2025TranscriptNotesPPTREC
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Apr 2025TranscriptNotesPPT
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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] 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]