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 ₹ 23,338 Cr.
- Current Price ₹ 52.9
- High / Low ₹ 158 / 45.4
- 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 3.55 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.
Peer comparison
Sector: Automobile Industry: Automobiles - Motorcycles / Mopeds
Part of Nifty 500 BSE MidCap Nifty Midcap 100 BSE IPO Nifty 200
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 | TTM | |
|---|---|---|---|---|---|
| 1 | 373 | 2,631 | 5,010 | 5,501 | |
| 278 | 1,174 | 3,883 | 6,276 | 6,857 | |
| Operating Profit | -277 | -800 | -1,252 | -1,266 | -1,356 |
| OPM % | -32,228% | -214% | -48% | -25% | -25% |
| 98 | 83 | 55 | 226 | 351 | |
| Interest | 1 | 18 | 108 | 187 | 305 |
| Depreciation | 20 | 49 | 167 | 358 | 512 |
| Profit before tax | -199 | -784 | -1,472 | -1,584 | -1,822 |
| Tax % | 0% | 0% | 0% | 0% | |
| -199 | -784 | -1,472 | -1,584 | -1,822 | |
| EPS in Rs | -199,230.00 | -4.01 | -7.53 | -8.10 | -5.98 |
| 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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| 3 Years: | % |
| TTM: | -14% |
| Stock Price CAGR | |
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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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Announcement under Regulation 30 (LODR)-Press Release / Media Release
22h - Ola Electric begins PAN India deliveries of Roadster X motorcycles with offers for first 5,000 customers.
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Compliances-Reg.24(A)-Annual Secretarial Compliance
1d - Annual Secretarial Compliance Report with SEBI warning for delayed store expansion disclosure.
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Intimation Under Regulation 30(5) Of SEBI (LODR) Regulation, 2015
1d - Authorized key managerial personnel for material event disclosures named by Ola Electric.
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Board Meeting Outcome for Outcome Of Board Meeting
1d - Ola Electric approved fund raising up to Rs. 1700 crore via loans or NCDs in multiple tranches.
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Intimation Under Regulation 30 Of SEBI (LODR) Regulation, 2015
20 May - Roadster X deliveries to customers start this Friday as per CMD's tweet.
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]