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About
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
₹38.25 1.25 (3.38%)
As on 22-Sep'26 12:39
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
₹38.25 1.25 (3.38%)
As on 22-Sep'26 12:39
Key Metrics
Valuation Multiples
Market Cap
₹17,125 Cr.
Current Price
₹38.3
52-Week Low / High
₹21 / 59
TTM EPS
₹-3.8
TTM Sales
₹1,880 Cr.
Book Value per Share
₹7.9
P/E Ratio
0.00
Industry PE
32.4
Price to Book (P/B)
4.67
Higher than its 5-year historical median
Price to Sales (P/S)
9.11
Lower than its 5-year historical median
EV/EBITDA
-24.01
Higher than its 5-year historical median
Dividend Yield
0%
Profitability Efficiency
Return on Equity (ROE)
-44.73%
Underperforms industry median
Return on Capital Employed (ROCE)
-20.87%
Underperforms industry median
Return on Assets (ROA)
-19.43%
Operating Profit Margin
-42.8%
Net Profit Margin
-81.36%
Gross Profit Margin
-50.8%
Growth Momentum
1-yr vs 3-yr growth
1-yr vs 3-yr growth
Sales Growth (1 Year)
Improving versus 3-year growth rate
-27.41%
Operating Profit Growth (1 Year)
-
-
Net Profit Growth (1 Year)
-
-
Asset Quality
Promoter Holding
32.97%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹-958 Cr.
Equity
₹4,628.4 Cr.
Face Value
₹10
All Time Low / High
₹21.21 / 157.53
Check Before You Invest
Quality
Not GoodValuation
UndervaluedCheck Valuation charts
Price Trend
Semi Strong
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?
Revenue growth of OLA Electric Mobility Ltd vs industry peers?
OLA Electric Mobility Ltd revenue CAGR is 382.67%, compared to the industry median CAGR of 0.00%, indicating faster growth and gaining its market share.
Promoter shareholding and pledge status of OLA Electric Mobility Ltd?
Promoters hold 32.97% of the OLA Electric Mobility Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Stock return of OLA Electric Mobility Ltd over the last decade?
Over the last 1 year(s), the stock has delivered a CAGR of -33.46% 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 endData adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
What is a Financial Track Record? How to read this chart in order to understand the data present here?
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'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | 0% | -100% | -4.3% | -0.3% | -4.9% | -7% | -0.9% | -0.5% | 0.6% | -0.2% | - |
| Value Creation Index ⓘ | NA | -8.4 | -1.3 | -1.0 | -1.4 | -1.5 | -1.1 | -1.0 | -1.0 | -1.0 | - |
Growth Parameters ⓘ |
|||||||||||
| Sales ⓘ | 0 | 0 | 0.1 | 1.8 | 0.9 | 28.1 | 170 | 82 | 3.4 | 2.5 | 2 |
| Sales YoY Gr. | - | NA | NA | 1,690% | -51.4% | 3,133.3% | 504.9% | -51.8% | -95.8% | -27.4% | - |
| Adj EPS ⓘ | 0 | 0 | -0 | -0 | -0.5 | -1.1 | -0.2 | 0 | -0 | -0.2 | -0.2 |
| YoY Gr. | - | NA | NA | NA | NA | NA | NA | NA | -133.3% | NA | - |
| BVPS (₹) ⓘ | 0 | 0 | 1.4 | 10.9 | 10.4 | 12.6 | 12.6 | 12.5 | 24.6 | 24.5 | 25 |
| Adj Net Profit ⓘ | 0 | -0 | -6.1 | -4.5 | -98.8 | -222 | -39.5 | 6.6 | -6 | -80.2 | -106 |
| Cash Flow from Ops. ⓘ | 0 | 0 | -0.9 | -110 | -184 | -312 | -87.5 | -312 | -116 | 104 | - |
| Debt/CF from Ops. ⓘ | 0 | 0 | -0.2 | 0 | 0 | 0 | 0 | -1.3 | -4.9 | 3.1 | - |
CAGR ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | NA | 23.4% | -75.5% | -27.4% | ||||
| Adj EPS ⓘ | NA | NA | NA | NA | ||||
| BVPSⓘ | NA | 18.7% | 24.7% | -0.4% | ||||
| Share Price | - | - | - | -34% | ||||
Key Financial Parameters ⓘ
| Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | 0 | -100 | -4.3 | -0.4 | -4.7 | -7 | -0.9 | 0.1 | -0.1 | -0.7 | -0.9 |
| Op. Profit Mgn % ⓘ | 0 | 0 | -8218.9 | -7094.2 | -22175.9 | -1066.1 | -92.2 | -111 | -2529.7 | -2126.5 | -3159.7 |
| Net Profit Mgn % ⓘ | 0 | 0 | -6354.2 | -249.2 | -11352 | -790.7 | -23.2 | 8.1 | -173.7 | -3221.3 | -4710.3 |
| Debt to Equity ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.1 | 0.1 | 0 | - |
| Working Cap Days ⓘ | 0 | 0 | 2,900 | 7,246 | 43,871 | 4,775 | 1,430 | 3,350 | 78,799 | 74,677 | 30,728 |
| Cash Conv. Cycle ⓘ | 0 | 0 | -4,646 | -24 | -37 | -8 | -8 | 192 | 4,891 | 343 | 19,695 |
Valuation of OLA Electric Mobilit - Consolidated
Analyst's Notes
No data found!
Management X-Ray
Shareholding Pattern
Promoter's Holding & Share Pledging
| Pledged * | 0.00 | 2.98 | 6.61 | 0.00 | 8.25 | 0.00 | 0.00 | 0.00 |
* Pledged shares as % of Promoter's holding (%)
Financials
| PARTICULARS | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 |
|---|---|---|---|---|---|---|
| Sales | 1 | 373 | 2,631 | 5,010 | 4,514 | 2,253 |
| Operating Expenses ⓘ + | 285 | 1,174 | 3,883 | 6,277 | 6,235 | 3,238 |
| Operating Profit ⓘ | -284 | -800 | -1,252 | -1,267 | -1,721 | -985 |
| Operating Profit Margin (%) | -32,874.9% | -214.0% | -47.6% | -25.3% | -38.1% | -43.7% |
| Other Income ⓘ + | 105 | 83 | 152 | 233 | 418 | 207 |
| Interest ⓘ | 1 | 18 | 108 | 186 | 384 | 367 |
| Depreciation ⓘ | 20 | 49 | 167 | 358 | 566 | 684 |
| Profit Before Tax ⓘ | -199 | -784 | -1,472 | -1,584 | -2,276 | -1,829 |
| Tax ⓘ | 0 | 0 | 0 | 0 | 0 | 4 |
| Profit After Tax | -199 | -784 | -1,472 | -1,584 | -2,276 | -1,833 |
| PAT Margin (%) | -23,059.3% | -210.0% | -56.0% | -31.6% | -50.4% | -81.4% |
| Adjusted EPS (₹) | -1.0 | -4.0 | -7.5 | -8.1 | -5.2 | -4.2 |
| Dividend Payout Ratio (%) | 0% | 0% | 0% | 0% | 0% | 0% |
| PARTICULARS | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 | |||||
|---|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | |||||||||||
| Shareholders Fund + | 1,927 | 3,603 | 2,189 | 1,765 | 4,969 | 3,226 | |||||
| Debt + | 39 | 750 | 1,626 | 2,335 | 2,968 | 2,067 | |||||
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | |||||
| Trade Payables | 43 | 357 | 693 | 1,349 | 951 | 679 | |||||
| Others Liabilities ⓘ | 104 | 686 | 1,065 | 2,286 | 2,187 | 1,816 | |||||
| Total Liabilities ⓘ | 2,113 | 5,396 | 5,573 | 7,735 | 11,075 | 7,788 | |||||
Fixed Assets | |||||||||||
| Net Fixed Assets ⓘ + | 104 | 1,025 | 1,219 | 2,492 | 3,154 | 2,781 | |||||
| CWIP ⓘ | 43 | 83 | 507 | 712 | 702 | 1,067 | |||||
| Investments ⓘ | 455 | 1,102 | 276 | 64 | 40 | 0 | |||||
| Inventories | 3 | 284 | 584 | 694 | 784 | 269 | |||||
| Trade Receivables | 0 | 15 | 84 | 158 | 9 | 31 | |||||
Cash Equivalents 
ⓘ
| 1,366 | 2,097 | 1,529 | 1,663 | 3,516 | 1,542 | |||||
| Others Assets ⓘ | 141 | 790 | 1,374 | 1,952 | 2,870 | 2,098 | |||||
| Total Assets ⓘ | 2,113 | 5,396 | 5,573 | 7,735 | 11,075 | 7,788 | |||||
| PARTICULARS | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 |
|---|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ + | -252 | -885 | -1,507 | -633 | -2,391 | -775 |
| Cash Flow From Investing Activity ⓘ + | 549 | -1,322 | -319 | -1,136 | -2,864 | 2,002 |
| Cash Flow From Financing Activity ⓘ + | 3 | 3,085 | 659 | 1,590 | 5,429 | -1,201 |
| Net Cash Flow ⓘ | 300 | 878 | -1,167 | -179 | 174 | 26 |
| PARTICULARS | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 | ||||
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | -10.34 | -42.1 | -135.19 | 0 | -121.03 | -44.73 | ||||
| ROCE (%) | -9.88 | -23.87 | -32.43 | -33.24 | -30.04 | -20.87 | ||||
| Asset Turnover Ratio | 0 | 0.1 | 0.48 | 0.75 | 0.48 | 0.24 | ||||
| PAT to CFO Conversion(x) | N/A | N/A | N/A | N/A | N/A | N/A | ||||
| Working Capital Days | ||||||||||
| Receivable Days | 160.50 | 7.60 | 6.90 | 8.80 | 6.80 | 3.20 | ||||
| Inventory Days | 1,361.20 | 140.50 | 60.20 | 46.60 | 59.80 | 85.30 | ||||
| Payable Days | 0 | 151.80 | 74.60 | 85.10 | 113.20 | 190.30 | ||||
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OLA Electric Mobility Ltd FAQs
The current trading price of OLA Electric Mobilit on 22-Sep-2026 12:39 is ₹38.25.
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 21-Sep-2026 the market cap of OLA Electric Mobilit stood at ₹17,125.1 Cr
The latest P/E ratio of OLA Electric Mobilit as of 21-Sep-2026 is 0.00.
The latest P/B ratio of OLA Electric Mobilit as of 21-Sep-2026 is 1.48.
The 52-week high of OLA Electric Mobilit is ₹59.20 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 ₹2.26 ( 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 Semi Strong which suggest that the price of OLA Electric Mobility Ltd is likely to Rise-somewhat 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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