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 ₹ 37,364 Cr.
- Current Price ₹ 84.7
- High / Low ₹ 158 / 66.6
- Stock P/E
- Book Value ₹ 14.9
- Dividend Yield 0.00 %
- ROCE -0.52 %
- ROE -1.12 %
- Face Value ₹ 10.0
Pros
Cons
- Stock is trading at 5.68 times its book value
- Company has low interest coverage ratio.
- Company has a low return on equity of -3.99% over last 3 years.
- Company might be capitalizing the interest cost
- Company has high debtors of 703 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 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|---|
| 0 | 2 | 1 | 28 | 170 | 82 | |
| 8 | 129 | 194 | 328 | 327 | 221 | |
| Operating Profit | -8 | -127 | -193 | -300 | -157 | -139 |
| OPM % | -7,870% | -7,083% | -22,193% | -1,068% | -92% | -170% |
| 2 | 129 | 99 | 85 | 126 | 121 | |
| Interest | 0 | 1 | 0 | 0 | 0 | 2 |
| Depreciation | 0 | 6 | 9 | 7 | 7 | 6 |
| Profit before tax | -6 | -4 | -104 | -223 | -39 | -26 |
| Tax % | 0% | 0% | 0% | 0% | 0% | 0% |
| -6 | -5 | -104 | -223 | -39 | -26 | |
| EPS in Rs | -6,080.00 | -4,510.00 | -103,690.00 | -1.14 | -0.20 | -0.13 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 283% |
| 3 Years: | 355% |
| TTM: | -52% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 20% |
| TTM: | 33% |
| 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 | 1,955 | 1,955 | 4,411 |
| Reserves | 280 | 2,130 | 2,069 | 561 | 683 | 64 | 2,162 |
| 0 | 0 | 3 | 1,804 | 1,810 | 2,711 | 3,355 | |
| 35 | 49 | 80 | 152 | 262 | 3,005 | 2,643 | |
| Total Liabilities | 315 | 2,179 | 2,152 | 4,472 | 4,711 | 7,735 | 12,571 |
| 22 | 40 | 35 | 33 | 29 | 2,785 | 3,287 | |
| CWIP | 0 | 9 | 41 | 32 | 105 | 419 | 99 |
| Investments | 91 | 20 | 589 | 1,962 | 2,614 | 64 | 40 |
| 202 | 2,109 | 1,487 | 2,445 | 1,962 | 4,467 | 9,145 | |
| Total Assets | 315 | 2,179 | 2,152 | 4,472 | 4,711 | 7,735 | 12,571 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|---|
| -110 | -184 | -312 | -87 | |||
| -1,760 | 468 | -1,292 | -1,066 | |||
| 1,852 | -1 | 2,454 | 56 | |||
| Net Cash Flow | -18 | 283 | 851 | -1,097 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|---|
| Debtor Days | 0 | 4 | 34 | 148 | 35 | 703 |
| Inventory Days | 150 | 84 | 3,619 | |||
| Days Payable | 975 | 165 | 7,034 | |||
| Cash Conversion Cycle | 0 | 4 | 34 | -677 | -46 | -2,712 |
| Working Capital Days | -120,888 | 716 | -11,638 | 1,551 | 415 | -1,994 |
| ROCE % | -3% | -5% | -7% | -1% | -1% |
Documents
Announcements
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Closure of Trading Window
2d - Trading window closure effective January 1, 2025.
-
Appointment of Company Secretary and Compliance Officer
30 Dec - Appointment of Mr. Pritam Das Mohapatra as Company Secretary.
-
Announcement under Regulation 30 (LODR)-Press Release / Media Release
27 Dec - Ola Electric reports ₹1,300 crore savings and 5.5 billion km travelled.
-
Change In Senior Management Personnel Of The Company
27 Dec - Resignation of CMO and CTO effective December 27, 2024.
-
Announcement under Regulation 30 (LODR)-Press Release / Media Release
25 Dec - Ola Electric expands to 4,000 stores nationwide.
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]