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BSE: 544225 | NSE: OLAELEC | Automobile Two & Three Wheelers | Small Cap
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 Weak which suggest that the price of OLA Electric Mobility Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
| Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | TTM | |
|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | -100% | -4.3% | -0.3% | -4.9% | -7% | -0.9% | - |
| Value Creation Index ⓘ | -9.9 | -1.4 | -1.0 | -1.4 | -1.6 | -1.1 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | |||||||
| Sales ⓘ | 0 | 0.1 | 1.8 | 0.9 | 28.1 | 170 | 170 |
| Sales YoY Gr. | - | NA | 1,690% | -51.4% | 3,133.3% | 504.9% | - |
| Adj EPS ⓘ | 0 | -0 | -0 | -0.5 | -1.1 | -0.2 | -0.1 |
| YoY Gr. | - | NA | NA | NA | NA | NA | - |
| BVPS (₹) ⓘ | 0 | 1.4 | 10.9 | 10.4 | 12.6 | 12.6 | 42.6 |
| Adj Net Profit ⓘ | 0 | -6.1 | -4.5 | -98.8 | -223 | -39.6 | -40 |
| Cash Flow from Ops. ⓘ | 0 | -0.9 | -110 | -184 | -312 | -87.5 | - |
| Debt/CF from Ops. ⓘ | 0 | -0.2 | 0 | 0 | 0 | 0 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | NA | NA | 356.4% | 504.9% | ||||
| Adj EPS ⓘ | NA | NA | NA | NA | ||||
| BVPSⓘ | NA | NA | 5% | 0.6% | ||||
| Share Price | - | - | - | - | ||||
Performance Ratio Colour Code Guide ⓘ
| Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | TTM | |
|---|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | -100 | -4.3 | -0.4 | -4.7 | -7 | -0.9 | -0.3 |
| Op. Profit Mgn % ⓘ | 0 | -8218.9 | -7094.2 | -22175.9 | -1066.1 | -92.2 | -60.7 |
| Net Profit Mgn % ⓘ | 0 | -6354.2 | -249.2 | -11352 | -791.9 | -23.3 | -23.3 |
| Debt to Equity ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | - |
| Working Cap Days ⓘ | 0 | 2,900 | 7,246 | 43,871 | 4,775 | 1,430 | 0 |
| Cash Conv. Cycle ⓘ | 0 | -4,646 | -24 | -37 | -8 | -8 | 0 |
Sales growth is growing at healthy rate in last 3 years 356.38%
Return on Equity is Poor
Sales growth is not so good in last 4 quarters at -49.17%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | -0.1 | -3.6 |
| TTM Sales (₹ Cr.) | 170 | 5,010 |
| BVPS (₹.) ⓘ | 42.6 | 33.5 |
| Reserves (₹ Cr.) ⓘ | 14,395 | 10,375 |
| P/BV ⓘ | 2.57 | 3.27 |
| PE ⓘ | 0.00 | 0.00 |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 75.99 / 157.53 |
| All Time Low / High (₹) | 75.99 / 157.53 |
| Market Cap (₹ Cr.) | 48,365 |
| Equity (₹ Cr.) | 4,410.8 |
| Face Value (₹) | 10 |
| Industry PE ⓘ | 37.4 |
| PARTICULARS | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 |
|---|---|---|---|---|---|---|
| Sales | 0 | 0 | 2 | 1 | 28 | 170 |
| Operating Expenses ⓘ | 0 | 8 | 129 | 201 | 329 | 327 |
| Manufacturing Costs | 0 | 0 | 26 | 26 | 10 | 121 |
| Material Costs | 0 | 0 | 0 | 0 | 32 | 61 |
| Employee Cost | 0 | 0 | 37 | 141 | 80 | 110 |
| Other Costs ⓘ | 0 | 8 | 66 | 34 | 207 | 34 |
| Operating Profit ⓘ | 0 | -8 | -127 | -200 | -301 | -157 |
| Operating Profit Margin (%) | - | -8,218.9% | -7,107.6% | -22,985.1% | -1,068.5% | -92.2% |
| Other Income ⓘ | 0 | 2 | 129 | 106 | 85 | 126 |
| Interest ⓘ | 0 | 0 | 1 | 0 | 0 | 0 |
| Depreciation ⓘ | 0 | 0 | 6 | 9 | 7 | 7 |
| Exceptional Items ⓘ | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax ⓘ | 0 | -6 | -5 | -104 | -223 | -39 |
| Tax ⓘ | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit After Tax | 0 | -6 | -5 | -104 | -223 | -39 |
| PAT Margin (%) | - | -6,354.2% | -252.0% | -11,918.4% | -792.0% | -22.8% |
| Adjusted EPS (₹) | 0.0 | 0.0 | 0.0 | -0.5 | -1.1 | -0.2 |
| Dividend Payout Ratio (%) | 0% | 0% | 0% | 0% | 0% | 0% |
| PARTICULARS | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | ||||
|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | ||||||||||
| Shareholders Fund | 0 | 280 | 2,130 | 2,025 | 4,262 | 4,281 | ||||
| Share Capital ⓘ | 0 | 0 | 0 | 0 | 3,760 | 3,765 | ||||
| Reserves ⓘ | 0 | 280 | 2,130 | 2,025 | 502 | 516 | ||||
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | ||||
| Debt | 0 | 0 | 0 | 0 | 0 | 0 | ||||
| Long Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | ||||
| Short Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | ||||
| Trade Payables | 0 | 7 | 3 | 53 | 85 | 28 | ||||
| Others Liabilities ⓘ | 0 | 28 | 46 | 73 | 126 | 402 | ||||
| Total Liabilities ⓘ | 0 | 315 | 2,179 | 2,152 | 4,472 | 4,711 | ||||
Fixed Assets | ||||||||||
| Gross Block | 0 | 22 | 47 | 44 | 47 | 50 | ||||
| Accumulated Depreciation | 0 | 0 | 7 | 9 | 14 | 21 | ||||
| Net Fixed Assetsⓘ | 0 | 22 | 40 | 35 | 33 | 29 | ||||
| CWIP ⓘ | 0 | 0 | 9 | 41 | 32 | 105 | ||||
| Investmentsⓘ | 0 | 91 | 20 | 589 | 1,962 | 2,614 | ||||
| Inventories | 0 | 0 | 0 | 0 | 13 | 14 | ||||
| Trade Receivables | 0 | 0 | 0 | 0 | 11 | 16 | ||||
Cash Equivalents  ⓘ
| 0 | 200 | 2,040 | 1,348 | 1,849 | 1,225 | ||||
| Others Assetsⓘ | 0 | 2 | 69 | 140 | 572 | 707 | ||||
| Total Assets ⓘ | 0 | 315 | 2,179 | 2,152 | 4,472 | 4,711 | ||||
| PARTICULARS | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 |
|---|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ | 0 | -1 | -110 | -184 | -312 | -87 |
| PBT ⓘ | 0 | -6 | -5 | -104 | -223 | -39 |
| Adjustment ⓘ | 0 | -2 | -122 | -64 | 92 | -27 |
| Changes in Working Capital ⓘ | 0 | 7 | 21 | -13 | -184 | -24 |
| Tax Paid ⓘ | 0 | 0 | -4 | -4 | 4 | 2 |
| Cash Flow From Investing Activity ⓘ | 0 | -216 | -1,760 | 468 | -1,292 | -1,066 |
| Capex | 0 | 0 | -28 | -41 | -5 | -156 |
| Net Investments | 0 | -216 | -1,755 | 553 | -279 | 400 |
| Others ⓘ | 0 | 0 | 23 | -44 | -1,008 | -1,310 |
| Cash Flow From Financing Activityⓘ | 0 | 292 | 1,852 | -1 | 2,454 | 57 |
| Net Proceeds from Shares ⓘ | 0 | 291 | 0 | 0 | 0 | 0 |
| Net Proceeds from Borrowing ⓘ | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Paid ⓘ | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividend Paid ⓘ | 0 | 0 | 0 | 0 | 0 | 0 |
| Others ⓘ | 0 | 0 | 1,852 | -1 | 2,455 | 57 |
| Net Cash Flow ⓘ | 0 | 75 | -18 | 283 | 851 | -1,097 |
| PARTICULARS | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | ||||
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | N/A | -4.34 | -0.37 | -4.99 | -9.94 | -1.57 | ||||
| ROCE (%) | N/A | -4.34 | -0.33 | -4.92 | -6.97 | -0.88 | ||||
| Asset Turnover Ratio | 0 | 0 | 0 | 0 | 0.01 | 0.04 | ||||
| PAT to CFO Conversion(x) | N/A | N/A | N/A | N/A | N/A | N/A | Working Capital Days | |||
| Receivable Days | 0 | 0 | 5 | 21 | 75 | 30 | ||||
| Inventory Days | 0 | 0 | 0 | 0 | 169 | 29 | ||||
| Payable Days | 0 | 0 | 0 | 0 | 796 | 336 | ||||
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
Awards, accreditations and recognitions
MoneyWorks4Me rating and ranking of funds for SIP is available to subscribers only. Moneyworks4Me is not a rating and ranking agency, however it is required that users have a way of selecting funds and building a Portfolio. The method used by it are described below to enable users to understand the logic behind the rating and ranking Subscriber will find more details on this in the various content made available from time to time. In case you need more please write to besafe@moneyworks4Me.com
MoneyWorks4Me rates and ranks mutual funds based on the following data-driven system:
Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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