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 ₹ 15,155 Cr.
- Current Price ₹ 34.4
- High / Low ₹ 100.0 / 30.8
- 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 -0.87% over last 3 years.
- Earnings include an other income of Rs.177 Cr.
- Company has high debtors of 608 days.
- Company's cost of borrowing seems high
- Working capital days have increased from 13,842 days to 39,055 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.
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|
| 0 | 0 | 2 | 1 | 28 | 170 | 82 | 3 | 2 | |
| 0 | 8 | 129 | 194 | 328 | 327 | 221 | 140 | 128 | |
| Operating Profit | -0 | -8 | -127 | -193 | -300 | -157 | -139 | -137 | -126 |
| OPM % | -7,870% | -7,083% | -22,193% | -1,068% | -92% | -170% | -4,567% | -6,300% | |
| 0 | 2 | 129 | 99 | 85 | 126 | 120 | 192 | 177 | |
| Interest | 0 | 0 | 1 | 0 | 0 | 0 | 2 | 92 | 96 |
| Depreciation | 0 | 0 | 6 | 9 | 7 | 7 | 6 | 3 | 3 |
| Profit before tax | -0 | -6 | -4 | -104 | -223 | -39 | -27 | -40 | -48 |
| Tax % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | |
| -0 | -6 | -5 | -104 | -223 | -39 | -27 | -40 | -48 | |
| EPS in Rs | -10.00 | -6,080.00 | -4,510.00 | -103,690.00 | -1.14 | -0.20 | -0.14 | -0.09 | -0.11 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 11% |
| 3 Years: | -53% |
| TTM: | -75% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | -2% |
| 3 Years: | 22% |
| TTM: | -7% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | -64% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | -3% |
| 3 Years: | -1% |
| Last Year: | -1% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 0.01 | 0.01 | 0.01 | 0.01 | 1,955 | 1,955 | 1,955 | 4,411 | 4,411 |
| Reserves | -0 | 280 | 2,130 | 2,069 | 561 | 683 | 745 | 6,606 | 6,617 |
| 0 | 0 | 0 | 3 | 1,804 | 1,810 | 3,378 | 566 | 474 | |
| 0 | 35 | 49 | 80 | 152 | 262 | 119 | 61 | 71 | |
| Total Liabilities | 0 | 315 | 2,179 | 2,152 | 4,472 | 4,711 | 6,197 | 11,644 | 11,573 |
| 0 | 22 | 40 | 35 | 33 | 29 | 27 | 27 | 37 | |
| CWIP | 0 | 0 | 9 | 41 | 32 | 105 | 118 | 4 | 0 |
| Investments | 0 | 91 | 20 | 589 | 1,962 | 2,614 | 4,024 | 9,012 | 10,134 |
| 0 | 202 | 2,109 | 1,487 | 2,445 | 1,962 | 2,028 | 2,601 | 1,402 | |
| Total Assets | 0 | 315 | 2,179 | 2,152 | 4,472 | 4,711 | 6,197 | 11,644 | 11,573 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2018 | 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 | -1,313 | -5,294 | |||
| 1,852 | -1 | 2,454 | 56 | 1,566 | 5,410 | |||
| Net Cash Flow | -18 | 283 | 851 | -1,097 | -59 | -1 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|
| Debtor Days | 0 | 4 | 34 | 148 | 35 | 392 | 608 | |
| Inventory Days | 150 | 84 | 16 | 0 | ||||
| Days Payable | 975 | 165 | 177 | |||||
| Cash Conversion Cycle | 0 | 4 | 34 | -677 | -46 | 230 | 608 | |
| Working Capital Days | -121,728 | 3,919 | -12,003 | 1,551 | 415 | 2,056 | 39,055 | |
| ROCE % | -5% | -3% | -5% | -7% | -1% | -0% | 1% |
Documents
Announcements
-
General Update
23h - Dec 18, 2025: Promoter sold stake to repay ~₹260 crore; 3.93% pledge released; promoter holds 34.6%.
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General Updates
2d - Founder sold small stake to repay INR 260 crore loan; 3.93% pledge released; promoter holds ~34%.
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Announcement under Regulation 30 (LODR)-Press Release / Media Release
13 Dec - Commences same-day registration and delivery for 4680 Bharat Cell vehicles in Bangalore (Dec 13, 2025).
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Announcement under Regulation 30 (LODR)-Press Release / Media Release
7 Dec - Ola starts mass deliveries of S1 Pro+ with in-house 4680 Bharat Cell; 320km range; models and prices listed.
-
Announcement under Regulation 30 (LODR)-Change in Directorate
5 Dec - Shashank ND Singh appointed independent director (Dec 5, 2025–Dec 4, 2030); Ananth Sankaranarayanan resigned effective Dec 5, 2025.
Concalls
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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 2025TranscriptAI SummaryPPT 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]
Ola is the largest electric two-wheeler (E2W) manufacturer in India, with a market share of 19.6% in Q1 FY26 and deliveries of 68,192 units during the quarter.