Is Zelio E-Mobility Ltd (544563) a good quality company?

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

Is Zelio E-Mobility Ltd (544563) undervalued or overvalued?

The key valuation ratios of Zelio E-Mobility Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone .

What is Zelio E-Mobility Ltd (544563) share price return in the past 10 years?

Data is not available for this company

Is Zelio E-Mobility Ltd (544563) a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Zelio E-Mobility Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

What is the share price of Zelio E-Mobility Ltd (544563)?

Company share prices are keep on changing according to the market conditions. The current trading price of Zelio E-Mobility Ltd (544563) on 17-Apr-2026 16:59:59 at 16:59 is 452.20.

What is the P/E ratio of Zelio E-Mobility?

The latest standalone P/E ratio of Zelio E-Mobility as of 17-Apr-2026 is 59.74.

What is the P/B ratio of Zelio E-Mobility Ltd (544563)?

The latest standalone P/B ratio of Zelio E-Mobility Ltd (544563) as of 17-Apr-2026 is 10.69.

What is the 52-week high and low of Zelio E-Mobility Ltd (544563)?

The 52-week high of Zelio E-Mobility Ltd (544563) is Rs. 610.00 and the 52-week low is Rs. 154.90.

Zelio E-Mobility Ltd (544563) Share Analysis – Cycle Position, Quality & Valuation Zone & DeciZen Rating

Name: Zelio E-Mobility Ltd (544563)
Brand: Zelio E-Mobility

Zelio E-Mobility Ltd (544563) Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating

Zelio E-Mobility Ltd (544563)

BSE: 544563 NSE:

Key Metrics

Market Cap

₹956 Cr.

P/E Ratio

59.74

Price to Book (P/B)

10.69

Price to Sales (P/S)

5.55

EV/EBITDA

43.53

Return on Capital Employed (ROCE)

51.79%

Current Price

₹452.2

Return on Equity (ROE)

85.75%

Return on Assets (ROA)

33.80%

Operating Profit Margin

12.2%

Net Profit Margin

9.3%

Gross Profit Margin

12.1%

Book Value per Share

₹42.3

Sales Growth (YoY)

82.35%

Sales Growth (3 Years)

137.27%

Operating Profit Growth (1 Year)

139.86%

Operating Profit Growth (3 Years)

139.14%

Net Profit Growth (1 Year)

153.72%

52-Week Low / High

₹155 / 610

Net Profit Growth (3 Years)

132.64%

Dividend Yield

0.00%

Promoter Holding

72.77%

Pledged shares (%)
of Promoter's holding (%)

0.00%

Check Before You Invest

Q.1 Revenue growth of Zelio E-Mobility Ltd?

Zelio E-Mobility Ltd revenue growth is 82.4% for FY-2025 , which is above its 5 year CAGR of 0% , indicating faster growth.

Q.1 Promoter shareholding and pledge status of Zelio E-Mobility Ltd?

Promoters hold 72.77% of the Zelio E-Mobility Ltd, with 0.00% of their stake pledged, indicating no pledge risk.

Q.1 Revenue growth of Zelio E-Mobility Ltd vs industry peers?

Zelio E-Mobility Ltd revenue CAGR is 0.00% , compared to the industry median CAGR of 0.33% , indicating slower growth and losing its market share.

Q.1 Which industry/sub-sector does Zelio E-Mobility Ltd belong to?

Zelio E-Mobility Ltd belongs to the Automobiles sector, operating specifically within the Automobile Two & Three Wheelers segment.

Q.1 Stock return of Zelio E-Mobility Ltd over the last decade?

Over the last - year(s), the stock has delivered a CAGR of N/A% based on the current price.

DeciZen - make an informed investing decision on Zelio E-Mobility

Based on:

Data

Overall Rating ⓘ
Login to view analysis.

1. Quality

2. Valuation ⓘ

3. Price Trend

Zelio E-Mobility stock performance

Key Ratios

Is Zelio E-Mobility Ltd an attractive stock to invest in?

10 Year X-Ray : Login to view analysis.

Analysis of Financial Track Record

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

Value Creation ⓘ

Value Creation Index Colour Code Guide ⓘ

	Mar'22	Mar'23	Mar'24	Mar'25	TTM
ROCE % ⓘ	32.8%	44.1%	44.8%	51.8%	-
Value Creation Index ⓘ	1.3	2.2	2.2	2.7	-
Growth Parameters ⓘ Growth Parameters Colour Code Guide ⓘ
Sales ⓘ	12.9	51.3	94.4	172	172
Sales YoY Gr.	-	297.6%	84.3%	82.4%	-
Adj EPS ⓘ	0.7	1.7	3.6	9	7.6
YoY Gr.	-	138%	114.2%	148.9%	-
BVPS (₹) ⓘ	0.8	2.6	6.5	16.1	42.3
Adj Net Profit ⓘ	1.2	2.8	6	14.9	16
Cash Flow from Ops. ⓘ	-3.1	-0.9	1.1	-9.6	-
Debt/CF from Ops. ⓘ	-1.2	-10.5	12.6	-3.2	-

CAGR ⓘ

CAGR Colour Code Guide ⓘ

	9 Years	5 Years	3 Years	1 Years
Sales ⓘ	NA	NA	137.3%	82.4%
Adj EPS ⓘ	NA	NA	133.3%	148.9%
BVPSⓘ	NA	NA	173.4%	150.2%
Share Price	-	-	-	-

Key Financial Parameters ⓘ

Performance Ratio Colour Code Guide ⓘ

	Mar'22	Mar'23	Mar'24	Mar'25	TTM
Return on Equity % ⓘ	90.6	98.8	79.6	79.8	25.9
Op. Profit Mgn % ⓘ	12	7.9	9.3	12.2	NAN
Net Profit Mgn % ⓘ	9.2	5.5	6.3	8.7	9.3
Debt to Equity ⓘ	2.9	2.2	1.3	1.2	-
Working Cap Days ⓘ	0	67	60	78	0
Cash Conv. Cycle ⓘ	0	38	36	47	0

Recent Performance Summary

Latest Financials

	Standalone	Consolidated
TTM EPS (₹)	7.6	-
TTM Sales (₹ Cr.)	172	-
BVPS (₹) ⓘ	42.3	-
Reserves (₹ Cr.) ⓘ	68	-
P/BV ⓘ	10.69	-
PE ⓘ	59.74	-

From the Market
52 Week Low / High (₹)	154.90 / 610.00
All Time Low / High (₹)	154.90 / 610.00
Market Cap (₹ Cr.)	956
Equity (₹ Cr.)	21.2
Face Value (₹)	10
Industry PE ⓘ	33.5

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

0.00

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

Valuation of Zelio E-Mobility - Standalone Basis

YTD 1Y 3Y 5Y 10Y Max

Analyst's Notes

No data found!

Key Ratios

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)

PARTICULARS	Mar'22	Mar'23	Mar'24	Mar'25
Sales	13	51	94	172
Operating Expenses ⓘ +	11	47	86	151
Manufacturing Costs	1	1	2	5
Material Costs	9	42	77	132
Employee Cost	0	1	2	4
Other Costs ⓘ	1	2	4	10
Operating Profit ⓘ	2	4	9	21
Operating Profit Margin (%)	12.0%	7.9%	9.3%	12.2%
Other Income ⓘ +	0	0	0	2
Exceptional Items ⓘ	0	0	0	0
Interest ⓘ	0	0	1	2
Depreciation ⓘ	0	0	1	1
Profit Before Tax ⓘ	2	4	8	19
Tax ⓘ	0	1	1	3
Profit After Tax	1	3	6	16
PAT Margin (%)	9.9%	6.0%	6.7%	9.3%
Adjusted EPS (₹)	0.8	1.9	3.8	9.7
Dividend Payout Ratio (%)	0%	0%	0%	0%

Balance Sheet

(All Figures are in Crores.)

PARTICULARS	Mar'22	Mar'23	Mar'24	Mar'25
Equity and Liabilities
Shareholders Fund +	1	4	11	27
Share Capital ⓘ	0	0	0	17
Reserves ⓘ	1	4	11	10
Debt +	4	9	13	30
Long Term Debt	1	4	6	9
Short Term Debt	2	5	7	21
Minority Interest	0	0	0	0
Trade Payables	2	1	3	3
Others Liabilities ⓘ	2	1	2	6
Total Liabilities ⓘ	9	15	29	66
Fixed Assets
Net Fixed Assets ⓘ +	0	1	8	8
Gross Block	0	1	8	11
Accumulated Depreciation	0	0	1	2
CWIP ⓘ	0	4	1	4
Investments ⓘ	0	0	0	0
Inventories	6	6	14	32
Trade Receivables	0	1	2	5
Cash Equivalents	0	0	0	0
Others Assets ⓘ	2	3	5	17
Total Assets ⓘ	9	15	29	66

Cash Flow

(All Figures are in Crores.)

PARTICULARS	Mar'22	Mar'23	Mar'24	Mar'25
Cash Flow From Operating Activity ⓘ +	-3	-1	1	-10
PBT ⓘ	2	4	8	19
Adjustment ⓘ	0	1	2	4
Changes in Working Capital ⓘ	-5	-5	-7	-29
Tax Paid ⓘ	-0	-1	-1	-4
Cash Flow From Investing Activity ⓘ +	-0	-4	-5	-5
Capex	-0	-4	-5	-5
Net Investments	0	0	0	0
Others ⓘ	0	0	0	0
Cash Flow From Financing Activity ⓘ +	4	5	3	15
Net Proceeds from Shares ⓘ	0	0	0	0
Net Proceeds from Borrowing ⓘ	2	3	3	3
Interest Paid ⓘ	-0	-0	-1	-2
Dividend Paid ⓘ	0	0	0	0
Others ⓘ	2	3	2	14
Net Cash Flow ⓘ	0	0	-0	0

Finance Ratio

PARTICULARS	Mar'22	Mar'23	Mar'24	Mar'25
Ratios
ROE (%)	97.69	108	83.99	85.75
ROCE (%)	32.77	44.14	44.79	51.79
Asset Turnover Ratio	1.51	4.27	4.24	3.64
PAT to CFO Conversion(x)	-3	-0.33	0.17	-0.63
Working Capital Days
Receivable Days	7	4	5	7
Inventory Days	164	44	39	48
Payable Days	72	11	9	8

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Zelio E-Mobility Ltd FAQs

The current trading price of Zelio E-Mobility on 17-Apr-2026 16:59 is ₹452.2.

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 16-Apr-2026 the market cap of Zelio E-Mobility stood at ₹956.4 Cr

The latest P/E ratio of Zelio E-Mobility as of 16-Apr-2026 is 59.74.

The latest P/B ratio of Zelio E-Mobility as of 16-Apr-2026 is 10.69.

The 52-week high of Zelio E-Mobility is ₹610.0 and the 52-week low is ₹154.9.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Zelio E-Mobility is ₹172 ( Cr.) .

About Zelio E-Mobility Ltd

Zelio E-Mobility was originally incorporated as ‘Zelio Auto Private Limited’ on July 15, 2021. Further, pursuant to Special Resolution passed by the shareholders at the Extra Ordinary General Meeting held on October 25, 2024, the name of the company was changed from ‘Zelio Auto Private Limited’ to ‘Zelio E-Mobility Private Limited’ and a fresh certificate of incorporation consequent upon change of name was issued by the Registrar of Companies, Central Processing Centre vide letter dated November 21, 2024. Subsequently, the company was converted into a Public Limited Company vide Special Resolution passed by the Shareholders at the Extra Ordinary General Meeting, held on November 22, 2024 and consequently the name of the company was changed from ‘Zelio E-Mobility Private Limited’ to ‘Zelio E-Mobility Limited’ vide a fresh certificate of incorporation consequent upon conversion from private company to public company dated November 29, 2024 issued by the Registrar of Companies, Central Processing Centre.

It is primarily engaged in the business of manufacturing, assembling and supplying of electric vehicles, offering a wide range of electric two-wheelers (E-2Ws) and three-wheelers (3Ws), available in a variety of design, color, speed variants etc. It is an ISO 45001:2018, ISO 9001:2015 and ISO 14001:2015 certified company, operating under the brand name ‘Zelio’ for E-2Ws and ‘Tanga’ for 3Ws and focussing exclusively on the production of E-2Ws and 3Ws which serves environmental benefits such as lower emissions, reduced noise, energy sustainability etc. It launched the first range of electric scooters in FY 2021-22 and operates through a network of exclusive and non-exclusive dealers spanning across urban, semi-urban, and rural areas.

It has an installed capacity of producing thousands of units of electric two-wheelers/three-wheelers and is equipped with various machines such as Conveyor Line-32 meter long, welding machines, impact wrenches, bolt tightening tools, drilling tools etc., for manufacturing, assembling and supplying of electric vehicles. It manufactures EVs by assembling various parts which it outsources from suppliers as per the designs conceptualised by the company. It is registered under the Bureau of Indian Standards and SAE International and also USA has confirmed World Manufacturer identifier (WMI) code for the company. It operates its business through a wide network of dealers. It focuses primarily on B2B transactions. It is working with hundreds of dealers spreading across various states & union territories in India, thus, selling its products pan-India.

Business area of the company

The company is primarily engaged in the business of manufacturing, assembling and supplying of electric vehicles, offering a wide range of electric two-wheelers (E-2Ws) and three-wheelers (3Ws), available in a variety of design, color, speed variants etc.

Products categories of the company

Electric 2- wheelers

EEVA
EEVAZX
GRACY
Legender
Mystery
XMen

Electric 3- wheelers

Tanga
Tanga e-Loader

History and millstones

2021: Incorporation of the company.
2021: Received Test Report for initial Models of E-Scooters - EEVA & Gracy
2022-23: Crossed Revenue of Rs 50 crore
2023-24: Crossed Revenue of Rs 90 crore
2024: Received ICAT Certificate for E-Rickshaw under own Brand Name - Tanga
2024: Received ICAT Certificate for its First High Speed E-Scooter - Mystery
2024: Received ICAT Certificate for E-Rickshaw under own Brand Name - Tanga E-Loader
2024: Change in name of Company from ‘Zelio Auto Private Limited’ to ‘Zelio E-Mobility Private Limited’
2024: Conversion of Company from Private Limited to Limited Company i.e. Zelio E-Mobility Limited.
2025: Received ISO 9001:2015, ISO 14001:2015 and ISO 45001:2018
2025: Executed Lease Deed for Setting up of Proposed Manufacturing Unit at Patan, Hisar, Haryana
2025: Incorporated Subsidiary Company ‘Zelio Auto Components Limited’

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Trade/Brand Name of IA:	MoneyWorks4Me Investment Advisers
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SEBI Registration Number:	INA000013323 Validity – May 16, 2019 – Perpetual
Registration:	Non-Individual
BSE Enlistment No:	1187
Address:	B-101, Signet Corner Building, Balewadi Phata, Baner, Pune, Maharashtra 411045
Compliance officer Details:	Name: Shrikant Jagtap Email: shrikant.jagtap@moneyworks4me.com Telephone: +919860359463 Address: Same as IA
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Zelio E-Mobility Ltd (544563) Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating

Zelio E-Mobility Share Price