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OLA Electric Mobility Ltd (OLAELEC)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 544225 NSE: OLAELEC Automobile Two & Three Wheelers | Small Cap | OLA Electric Mobilit Share Price

₹43.29 -0.55 (-1.25%)

As on 04-Jun'26 16:59

OLA Electric Mobility Ltd (OLAELEC)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 544225 NSE: OLAELEC Automobile Two & Three Wheelers | Small Cap | OLA Electric Mobilit Share Price

₹43.29 -0.55 (-1.25%)

As on 04-Jun'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹19,094 Cr.
Current Price
₹43.3
52-Week Low / High
₹21 / 71
TTM EPS
₹-0.3
TTM Sales
₹2.5 Cr.
Book Value per Share
₹24.8
P/E Ratio
0.00
Industry PE
31.3
Price to Book (P/B)
1.75
Higher than its 5-year historical median
Price to Sales (P/S)
7668.47
Higher than its 5-year historical median
EV/EBITDA
-890.27
Dividend Yield
0.00%
Profitability Efficiency
Return on Equity (ROE)
-0.60%
Underperforms industry median
Return on Capital Employed (ROCE)
0.59%
Underperforms industry median
Return on Assets (ROA)
-0.45%
Operating Profit Margin
-2,900%
Net Profit Margin
-1333.33%
Gross Profit Margin
-1,233.3%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Slowing versus 3-year growth rate
-96.34%
Operating Profit Growth (1 Year)
-
-
Net Profit Growth (1 Year)
-
-
Asset Quality
Promoter Holding
34.59%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹6,511 Cr.
Equity
₹4,410.8 Cr.
Face Value
₹10
All Time Low / High
₹21.21 / 157.53

OLA Electric Mobility stock performance

Key Ratios
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Check Before You Invest

Valuation

Undervalued

Price Trend

Strong
Q.1 Is OLA Electric Mobility Ltd a good quality company?
OLA Electric Mobility Ltd is a weak quality company, based on a inconsistent multi-year financial track record.

This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.

We have analysed the performance of the company on the following:

  • How has it performed on generating Profits?

    By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.

  • How efficiently has it utilized Capital?

    By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.

  • How is it managing its Debt?

    By checking its Debt to Equity and Cash Flow from Operations.

How does OLA Electric Mobility Ltd performance compare with that of its Peers?
Q.1 Revenue growth of OLA Electric Mobility Ltd vs industry peers?
OLA Electric Mobility Ltd revenue CAGR is 10.88%, compared to the industry median CAGR of 0%, indicating faster growth and gaining its market share.
Q.1 Promoter shareholding and pledge status of OLA Electric Mobility Ltd?
Promoters hold 34.59% of the OLA Electric Mobility Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Stock return of OLA Electric Mobility Ltd over the last decade?
Over the last 1 year(s), the stock has delivered a CAGR of -29.61% based on the current price.

10 Year X-Ray :

Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
OLA Electric Mobility Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
ROCE % 0%0%-100%-4.3%-0.3%-4.9%-7%-0.9%-0.5%0.6%-
Value Creation
Index
NANA-8.4-1.3-1.0-1.4-1.5-1.1-1.0-1.0-

Growth Parameters

Sales 0000.11.80.928.11708232
Sales YoY Gr.-NANANA1,690%-51.4%3,133.3%504.9%-51.8%-96.3%-
Adj EPS 000-0-0-0.5-1.1-0.20-0-0.3
YoY Gr.-NANANANANANANANA-133.3%-
BVPS (₹) 0001.410.910.412.612.612.524.624.8
Adj Net
Profit
00-0-6.1-4.5-98.8-222-39.56.6-5.7-115
Cash Flow from Ops. 000-0.9-110-184-312-87.5-312-117-
Debt/CF from Ops. 000-0.20000-1.3-4.8-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales NA10.9%-52.6%-96.3%
Adj EPS NANANA-133.3%
BVPSNA17.6%25.1%96.5%
Share Price - - - -11.8%

Key Financial Parameters

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity %
00-100-4.3-0.4-4.7-7-0.90.1-0.1-1.1
Op. Profit
Mgn %
000-8218.9-7094.2-22175.9-1066.1-92.2-111-2900-3085.6
Net Profit
Mgn %
000-6354.2-249.2-11352-790.7-23.28.1-190-4605.7
Debt to
Equity
000000000.10.10
Working Cap
Days
0002,9007,24643,8714,7751,4303,35090,09430,728
Cash Conv.
Cycle
000-4,646-24-37-8-81925,59719,695

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Sales002128170823
Operating Expenses + 08129201329327221140
Manufacturing Costs00262610121129
Material Costs00003261706
Employee Cost 0037141801106414
Other Costs 0866342073575111
Operating Profit -0-8-127-200-301-157-139-137
Operating Profit Margin (%) --8,218.9%-7,107.6%-22,985.1%-1,068.5%-92.2%-169.0%-4,566.7%
Other Income + 0212910685126120192
Exceptional Items 00000000
Interest 001000292
Depreciation 00697763
Profit Before Tax -0-6-5-104-223-39-27-40
Tax 00000000
Profit After Tax -0-6-5-104-223-39-27-40
PAT Margin (%) --6,354.2%-252.0%-11,918.4%-792.0%-22.8%-32.9%-1,333.3%
Adjusted EPS (₹)0.0-0.0-0.0-0.5-1.1-0.2-0.1-0.1
Dividend Payout Ratio (%)0%0%0%0%0%0%0%0%

Valuation of OLA Electric Mobilit - Standalone

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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Analyst's Notes

data not found
No data found!

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25

Equity and Liabilities

Shareholders Fund + 02802,1302,0254,2624,2815,41910,843
Share Capital 00003,7603,7654,9284,411
Reserves -02802,1302,0255025164916,432
Debt +000000405566
Long Term Debt000000362330
Short Term Debt00000043236
Minority Interest00000000
Trade Payables0735385283426
Others Liabilities 0284673126402339209
Total Liabilities 03152,1792,1524,4724,7116,19711,644

Fixed Assets

Net Fixed Assets +022403533292727
Gross Block022474447505457
Accumulated Depreciation007914212730
CWIP 00941321051184
Investments 091205891,9622,6144,0249,012
Inventories0000131430
Trade Receivables00001116885
Cash Equivalents 02002,0401,3481,8491,2251,2601,888
Others Assets 0269140572707677708
Total Assets 03152,1792,1524,4724,7116,19711,644

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity + 0-1-110-184-312-87-312-117
PBT -0-6-5-104-223-39-27-40
Adjustment 0-2-122-6492-27-15-13
Changes in Working Capital 0721-13-184-24-268-62
Tax Paid 00-4-442-2-2
Cash Flow From Investing Activity + 0-216-1,760468-1,292-1,066-1,313-5,294
Capex 00-28-41-5-156-6-3
Net Investments 0-216-1,755553-279400130-765
Others 0023-44-1,008-1,310-1,437-4,526
Cash Flow From Financing Activity + 02921,852-12,454571,5665,410
Net Proceeds from Shares 0291000005,500
Net Proceeds from Borrowing 00000000
Interest Paid 00-00-0-00-88
Dividend Paid 00000000
Others 001,852-12,455571,566-2
Net Cash Flow 075-18283851-1,097-59-1

Financial Ratio

PARTICULARSMar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)N/A-4.34-0.37-4.99-9.94-1.57-1.1-0.6
ROCE (%)N/A-4.34-0.33-4.92-6.97-0.88-0.480.59
Asset Turnover Ratio00000.010.040.020
PAT to CFO Conversion(x)N/AN/AN/AN/AN/AN/AN/AN/A
Working Capital Days
Receivable Days004.5021.4074.5029.80232.305,657.50
Inventory Days0000169.5029.2038.100
Payable Days0000795.50335.60160.901,825

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.002.986.610.008.250.000.00
* Pledged shares as % of Promoter's holding (%)

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

OLA Electric Mobility Ltd FAQs

The current trading price of OLA Electric Mobilit on 04-Jun-2026 16:59 is ₹43.29.

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 03-Jun-2026 the market cap of OLA Electric Mobilit stood at ₹19,094.5 Cr

The latest P/E ratio of OLA Electric Mobilit as of 03-Jun-2026 is 0.00.

The latest P/B ratio of OLA Electric Mobilit as of 03-Jun-2026 is 1.75.

The 52-week high of OLA Electric Mobilit is ₹71.24 and the 52-week low is ₹21.21.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of OLA Electric Mobilit is ₹2.49 ( Cr.) .

Past 10 year’s financial track record analysis by Moneyworks4me indicates that OLA Electric Mobility Ltd is a below average quality company.

The key valuation ratios of OLA Electric Mobility Ltd's currently when compared to its past seem to suggest it is in the Undervalued zone.

The Price Trend analysis by MoneyWorks4Me indicates it is Strong which suggest that the price of OLA Electric Mobility Ltd is likely to Rise in the short term. However, please check the rating on Quality and Valuation before investing

About OLA Electric Mobility Ltd

The company was incorporated as ‘Ola Electric Mobility Private Limited’ at Bengaluru, Karnataka as a private limited company under the Companies Act, 2013, pursuant to a certificate of incorporation dated February 3, 2017, issued by the Registrar of Companies, Central Registration Centre. Subsequently, the company was converted to a public limited company and the name of the company changed to ‘Ola Electric Mobility Limited’ pursuant to a Shareholders’ resolution dated October 5, 2023 and a fresh certificate of incorporation dated November 17, 2023 was issued by the Registrar of Companies, Karnataka at Bengaluru (RoC).

The company is a pure EV player in India and is building vertically integrated technology and manufacturing capabilities for EVs and EV components, including cells. It manufactures EVs and certain core EV components like battery packs, motors and vehicle frames at the Ola Futurefactory. Its business focuses on capturing the opportunity arising out of electrification of mobility in India and it also seek opportunities to export its EVs in select international markets in the future. 

Research and development (R&D) and technology is at the core of the company’s business model with a focus on in-house product innovation. It undertakes R&D activities in India, the United Kingdom (UK) and the United States (US) focused on designing and developing new EV products and core EV components, such as battery packs, motors and vehicle frames. It is in the process of building its EV hub in Krishnagiri and Dharmapuri districts in Tamil Nadu, India, which includes its Ola Futurefactory, its upcoming Ola Gigafactory and co-located suppliers in Krishnagiri district. At its Ola Futurefactory, it manufactures its EV scooters using certain EV components manufactured in-house and other components procured from third parties, such as cells. In addition, it operates a BIC in Bengaluru, India that is focused on developing cell and battery technology and manufacturing processes for its forthcoming cell manufacturing at the Ola Gigafactory.  

Business area of the company

Ola Electric Mobility is an electric vehicle company that primarily manufactures electric vehicles and certain core components for electric vehicles such as battery packs, motors, and vehicle frames at the Ola Futurefactory.  

Major events and milestones

  • 2022: Started delivery of S1 Pro through OET, its Material Subsidiary.
  • 2022: Establishment of Ola Futurefactory.
  • 2023: Establishment of OLA BIC in Bengaluru through OET, its Material Subsidiary.
  • 2023: The company entered into a memorandum of understanding with the Government of Tamil Nadu for Ola EV Hub.
  • 2023: Launch of first experience centre by Ola Fleet Technologies Private Limited.
  • 2023: Started delivery of Ola S1 through OET, its Material Subsidiary.
  • 2024: The company became the first E2W company to cross 50,000 registrations in a single month.
  • 2024: The company crossed 500,000 registrations in under 30 months.
  • 2024: Launch of 500th experience centre by Ola Fleet Technologies Private Limited.

Awards, accreditations and recognitions

  • 2023: Ola was awarded in the categories of ‘Innovation in Electric Vehicle’ and ‘Innovation in Battery Tech’ at 13th Aegis Graham Bell Awards.
  • 2023: Ola S1 Pro was awarded ‘Best of 2022’ by auto X in 2W category.
  • 2023: Ola S1 was awarded ‘Electric scooter of the year’ at the Zee News Auto Awards 2022.
  • 2024: Ola S1X was awarded ‘Scooter of the Year 2024’ by MotorOctane.
  • 2024: Ola S1 Air was awarded ‘The EV Bike of the Year’ at the 2024 Acko Drive #TOTM Awards.
  • 2024: Ola S1 Air was awarded ‘Best Electric Scooter 2024’ by Motor Vikatan.
  • 2024: Ola S1 Pro was awarded ‘2023 Readers Choice Scooter of the Year’ at the 2023 Thrust Zone Annual Awards.
  • 2024: Ola S1 Air was awarded ‘Viewer’s choice electric bike of the year’ at the car&bike Awards 2023.
  • 2024: Ola Electric S1 was awarded ‘Electric Scooter of the Year’ at the car&bike Awards 2023.


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