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 ₹ 22,725 Cr.
- Current Price ₹ 51.5
- High / Low ₹ 158 / 45.4
- Stock P/E 11,362
- Book Value ₹ 14.9
- Dividend Yield 0.00 %
- ROCE -0.44 %
- ROE -0.94 %
- Face Value ₹ 10.0
Pros
Cons
- Stock is trading at 3.49 times its book value
- Company has low interest coverage ratio.
- Company has a low return on equity of -3.80% over last 3 years.
- Company might be capitalizing the interest cost
- Earnings include an other income of Rs.200 Cr.
- Company has high debtors of 393 days.
- Working capital days have increased from 1,410 days to 2,263 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
Sector: Automobile Industry: Automobiles - Motorcycles / Mopeds
Part of Nifty 500 BSE MidCap Nifty Midcap 100 BSE IPO Nifty 200
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 | TTM | |
|---|---|---|---|---|---|---|---|
| 0.10 | 1.79 | 0.87 | 28.13 | 170.15 | 81.57 | 9.00 | |
| 7.97 | 128.58 | 193.95 | 328.48 | 327.00 | 219.40 | 134.00 | |
| Operating Profit | -7.87 | -126.79 | -193.08 | -300.35 | -156.85 | -137.83 | -125.00 |
| OPM % | -7,870.00% | -7,083.24% | -22,193.10% | -1,067.72% | -92.18% | -168.97% | -1,388.89% |
| 2.04 | 128.56 | 99.23 | 84.62 | 125.61 | 119.14 | 200.00 | |
| Interest | 0.00 | 0.51 | 0.44 | 0.18 | 0.10 | 1.89 | 69.00 |
| Depreciation | 0.25 | 5.76 | 9.40 | 6.98 | 7.40 | 5.98 | 4.00 |
| Profit before tax | -6.08 | -4.50 | -103.69 | -222.89 | -38.74 | -26.56 | 2.00 |
| Tax % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | |
| -6.08 | -4.51 | -103.69 | -222.89 | -38.74 | -26.56 | 2.00 | |
| EPS in Rs | -6,080.00 | -4,510.00 | -103,690.00 | -1.14 | -0.20 | -0.14 | -0.05 |
| Dividend Payout % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 282% |
| 3 Years: | 354% |
| TTM: | -52% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 20% |
| TTM: | 35% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | % |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | -4% |
| 3 Years: | -4% |
| Last Year: | -1% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Sep 2024 | |
|---|---|---|---|---|---|---|---|
| Equity Capital | 0.01 | 0.01 | 0.01 | 1,955.45 | 1,955.45 | 1,955.45 | 4,411.00 |
| Reserves | 279.99 | 2,130.02 | 2,068.58 | 560.79 | 683.33 | 744.44 | 2,162.00 |
| 0.23 | 0.01 | 3.30 | 1,804.12 | 1,809.70 | 3,378.21 | 3,355.00 | |
| 34.54 | 48.91 | 79.92 | 151.59 | 262.06 | 119.11 | 2,643.00 | |
| Total Liabilities | 314.77 | 2,178.95 | 2,151.81 | 4,471.95 | 4,710.54 | 6,197.21 | 12,571.00 |
| 21.96 | 40.13 | 35.07 | 32.96 | 29.05 | 27.33 | 3,287.00 | |
| CWIP | 0.00 | 9.22 | 40.57 | 31.98 | 105.42 | 117.92 | 99.00 |
| Investments | 91.21 | 20.21 | 588.71 | 1,961.82 | 2,613.98 | 4,023.51 | 40.00 |
| 201.60 | 2,109.39 | 1,487.46 | 2,445.19 | 1,962.09 | 2,028.45 | 9,145.00 | |
| Total Assets | 314.77 | 2,178.95 | 2,151.81 | 4,471.95 | 4,710.54 | 6,197.21 | 12,571.00 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|---|
| -109.85 | -183.71 | -311.50 | -87.47 | -311.72 | ||
| -1,759.95 | 467.88 | -1,291.90 | -1,065.75 | -1,313.62 | ||
| 1,851.61 | -1.01 | 2,454.44 | 56.50 | 1,565.55 | ||
| Net Cash Flow | -18.19 | 283.16 | 851.04 | -1,096.72 | -59.79 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|---|
| Debtor Days | 0.00 | 4.08 | 33.56 | 148.05 | 35.14 | 392.88 |
| Inventory Days | 150.38 | 84.37 | 13.44 | |||
| Days Payable | 975.48 | 165.39 | 177.91 | |||
| Cash Conversion Cycle | 0.00 | 4.08 | 33.56 | -677.06 | -45.89 | 228.41 |
| Working Capital Days | -120,888.00 | 3,919.16 | -11,638.05 | 1,551.09 | 415.00 | 2,262.67 |
| ROCE % | -2.98% | -4.59% | -6.96% | -0.88% | -0.44% |
Documents
Announcements
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Intimation Under Regulation 30 Of SEBI (LODR) Regulation, 2015
1d - Roadster X deliveries to customers start this Friday as per CMD's tweet.
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Board Meeting Intimation for To Consider And Approve The Proposal For Raising Of Funds.
2d - Board meeting on May 22 to consider raising funds via NCDs or other securities issuance.
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Announcement under Regulation 30 (LODR)-Monitoring Agency Report
15 May - Ola Electric's Q4 2025 Monitoring Agency Report shows IPO proceeds used as per objectives, no deviations.
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Clarification /Confirmation On News Item Appearing In Media/Publication
5 May - Clarifies Ola Electric's perpetual license for IP per 2019 agreement, denying IP transfer rumors.
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Clarification Sought from Ola Electric Mobility Ltd
5 May - Exchange has sought clarification from Ola Electric Mobility Ltd with reference to the media report appearing on https://economictimes.indiatimes.com/markets/stocks/news/ola-ip-may-transfer-to-bhavish-family office/articleshow/120884072.cms (Source: https://economictimes.indiatimes.com) dated May 05, 2025 …
Concalls
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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]