Ola Electric Mobility
- P/E
- Not meaningful: loss-making over the last twelve months
Key Fundamentals
SmallcapAutomobilesConsumer DiscretionaryPrice-based figures as of · EPS basis: Consolidated · TTM
- ROCE
- −19.90%
- Debt to Equity
- 0.82
- EPS (TTM)
- −₹3.62
- Book Value
- ₹10.26
- Market Cap
- —
- P/E (TTM)
- Not meaningful: loss-making over the last twelve months
- P/B
- 3.42
- ROE
- −43.20%
- Dividend Yield
- 0.00%
- EBITDA
- −₹785 Cr
- 52W High
- ₹50.55
- 52W Low
- ₹22.25
- Day Range
- ₹33.92 – ₹35.44
- Volume
- 4,30,73,391
Peer Comparison
Consumer Discretionary › Automobiles › Bikes › 2/3 Wheelers
| ₹10,608.00 | 22.58 | ₹2,90,440 Cr | 7.96 | 1.42% | 29.20% | 28.20% | ₹80,851 Cr | ₹12,815 Cr | |
| ₹4,331.20 | 53.77 | ₹2,05,580 Cr | 18.13 | 0.28% | 33.60% | 17.40% | ₹65,578 Cr | ₹3,988 Cr | |
| ₹7,420.00 | 35.26 | ₹2,02,885 Cr | 8.12 | 1.10% | 24.00% | 30.50% | ₹24,998 Cr | ₹5,773 Cr | |
| ₹5,399.50 | 19.83 | ₹1,06,615 Cr | 4.62 | 3.49% | 28.10% | 35.20% | ₹50,810 Cr | ₹5,488 Cr | |
| ₹1,840.00 | — | ₹70,818 Cr | 888.89 | 0.00% | −33.40% | −19.80% | ₹4,244 Cr | −₹390 Cr | |
| Ola Electric Mobility (this company) | ₹35.04 | — | ₹16,167 Cr | 3.42 | 0.00% | −43.20% | −19.90% | ₹1,880 Cr | −₹1,741 Cr |
| ₹1,034.10 | — | ₹2,187 Cr | 19.61 | 0.00% | 40.50% | 38.30% | — | — | |
| Median 7 companies | ₹4,331.20 | 28.92 | ₹1,06,615 Cr | 8.12 | 0.28% | 28.10% | 28.20% | ₹37,904 Cr | ₹4,738 Cr |
Comparable companies in the same industry. Market cap, P/E and P/B use the latest price; other metrics are as reported in filings. A dash means the figure is not published for that company.
Tapetide Score
Data-driven rating, 0–100, as of . How it works →
Overall score
Data confidence 88/100
Category scores
- Quality
- 4
- Poor
- Returns, margins, earnings quality 22% weight
- Valuation
- 31
- Poor
- Cheap vs sector & own history 24% weight
- Growth
- 1
- Poor
- Sales & profit trajectory 9% weight
- Financial Health
- 20
- Poor
- Solvency, leverage, coverage 9% weight
- Momentum
- 34
- Poor
- Trend strength, vol-adjusted 12% weight
- Ownership
- 55
- Average
- FII/DII/promoter flows 24% weight
The Tapetide Score is data analysis, not investment advice. Tapetide is not a SEBI-registered research analyst or investment adviser.
Key Insights
Strengths
1- Company has reduced debt.
Weaknesses
3- Stock is trading at 4.82 times its book value
- Company has low interest coverage ratio.
- Promoter holding has decreased over last quarter: -1.63%
Technical Indicators
| Group | Signal | Bearish | Neutral | Bullish |
|---|---|---|---|---|
| Overall | Bearish | 7 | 6 | 6 |
| Oscillators | Bullish | 1 | 6 | 2 |
| Moving Averages | Strong Bearish | 6 | 0 | 4 |
Oscillators
Bullish
Overall
Bearish
Moving Averages
Strong Bearish
Key readings
- RSI (14)
- 49.83
- Neutral
- MACD (12,26,9)
- −0.64
- Bullish
- SMA (50)
- 36.59
- Bearish
- SMA (200)
- 35.63
- Bearish
As of
Analyst Rating
0 of 7 analysts rate Buy, 1 Hold, 6 Sell.
As of
Growth Rate
From the financial statements below. 5Y, 3Y: compound annual growth to Mar 2026; 1Y: fiscal year to Mar 2026 against Mar 2025; TTM: four quarters to Jun 2026 against Jun 2025.
Revenue
| 5Y | +368.33% |
|---|---|
| 3Y | −5.04% |
| 1Y | −50.09% |
| TTM | −49.16% |
Net profit
| 5Y | Loss widened by ₹1,634 Cr |
|---|---|
| 3Y | Loss widened by ₹361 Cr |
| 1Y | Loss narrowed by ₹443 Cr |
| TTM | Loss narrowed by ₹616 Cr |
Operating cash flow
| 5Y | Outflow widened by ₹523 Cr |
|---|---|
| 3Y | Outflow narrowed by ₹732 Cr |
| 1Y | Outflow narrowed by ₹1,616 Cr |
| TTM | — |
TTM: Reported once a year, so there is no trailing-twelve-month figure.
Operating margin· change in pp
| 5Y | Tiny sales |
|---|---|
| 3Y | +4.18 pp |
| 1Y | −4.97 pp |
| TTM | −1.05 pp |
Revenue by year
| Mar 2021 | ₹1.00 Cr |
|---|---|
| Mar 2022 | ₹373 Cr |
| Mar 2023 | ₹2,631 Cr |
| Mar 2024 | ₹5,010 Cr |
| Mar 2025 | ₹4,514 Cr |
| Mar 2026 | ₹2,253 Cr |
Net profit by year
| Mar 2021 | −₹199 Cr |
|---|---|
| Mar 2022 | −₹784 Cr |
| Mar 2023 | −₹1,472 Cr |
| Mar 2024 | −₹1,584 Cr |
| Mar 2025 | −₹2,276 Cr |
| Mar 2026 | −₹1,833 Cr |
Analyst Forecasts
AI Analysis — Bull vs Bear
Ola Electric Mobility Ltd trades at ₹35.01 per share with a market cap of ₹15,630 crore as of 2026-11-02. The company remains loss-making with a TTM EPS of -₹3.62 and a deeply negative ROE of -54.7%, though it has shown a recent TTM profit improvement of 26% and has been actively reducing debt with a debt-to-equity ratio of 0.82.
- TTM profit growth of 26% indicates the company is narrowing its losses meaningfully on a trailing basis, suggesting improving unit economics or cost discipline.
- Five-year compounded sales growth of 383% reflects rapid revenue scale-up from a low base, demonstrating strong demand traction in the EV two-wheeler segment.
- The company has reduced debt, bringing its debt-to-equity ratio to 0.82, which is a manageable level and signals improving balance sheet health.
- At a price-to-book ratio of 3.41, the stock trades below the 4.82x book value flagged as a concern, suggesting some valuation compression has already occurred from earlier elevated levels.
- The stock has recovered approximately 57% from its 52-week low of ₹22.25 to ₹35.01, indicating renewed market interest and potential trend reversal from the bottom.
- India's EV two-wheeler market is one of the fastest-growing vehicle segments in the country, and Ola Electric operates as a scaled domestic player in this structural growth category.
- ROE stands at -54.7% and ROCE at -29.74% as of the latest data, indicating the company is destroying shareholder value and generating deeply negative returns on deployed capital.
- TTM EPS of -₹3.62 means the company remains significantly loss-making, with no clear path to profitability reflected in current earnings.
- TTM compounded sales have declined by 49%, a sharp revenue contraction that raises concerns about demand sustainability, competitive pressures, or pricing challenges.
- Three-year compounded sales growth is -5% and three-year compounded profit growth is -12%, indicating that the medium-term trajectory has been negative despite the longer-term scale-up.
- The company pays zero dividend yield, offering no income return to shareholders while continuing to burn cash, making the stock entirely dependent on capital appreciation.
- Promoter holding decreased by 1.63% over the last quarter, which may signal dilution or reduced promoter confidence at current levels.
- The company has a low interest coverage ratio, meaning operating earnings are insufficient to comfortably service debt obligations, raising solvency risk if losses persist.
- The stock has delivered a one-year CAGR of -34%, significantly underperforming broader markets and reflecting sustained investor scepticism about the company's near-term fundamentals.
This is AI-generated analysis, not financial advice. Do your own due diligence.
AI News Digest
TL;DR: Ola Electric's ₹1,000 crore rights issue at ₹27 per share was comfortably oversubscribed at 155.51%, signalling solid investor confidence in the company's capital-raising plans. No operational headwinds surfaced in the recent news cycle. The strong subscription provides a near-term funding cushion, though dilution from 37 crore new partly paid-up shares and execution on deployment of the raised capital will be key monitorables going forward.
- Rights issue 155% oversubscribed Nov 4
Ola Electric's rights issue received 155.51% subscription, with eligible shareholders applying for 51.93 crore shares against the total issue size. Company allotted 37.03 crore partly paid-up equity shares at ₹27 per share, raising up to ₹999.74 crore assuming full call monies.
- Rights issue Letter of Offer filed Oct 8
Ola Electric submitted its Letter of Offer for a ₹1,000 crore rights issue at ₹27 per share, a ~26% discount to market price, with an entitlement ratio of 2 new shares for every 25 held. Subscription window ran from October 22 to October 30, 2026.
- Investor applications confirmed Oct 22
Ola Electric confirmed applications for 23,855,476 rights entitlements from specific investors including institutional participants, submitted by October 22, 2026. Partly paid-up shares will commence trading on BSE and NSE from November 6, 2026.
Quarterly Results
₹ Cr| Particulars | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 1,243 | 873 | 1,296 | 1,598 | 1,644 | 1,214 | 1,045 | 611 | 828 | 690 | 470 | 265 | 455 |
| Expenses | 1,461 | 1,308 | 1,597 | 1,910 | 1,849 | 1,593 | 1,505 | 1,306 | 1,065 | 893 | 741 | 546 | 620 |
| Operating Profit | −218 | −435 | −301 | −312 | −205 | −379 | −460 | −695 | −237 | −203 | −271 | −281 | −165 |
| OPM % | −18% | −50% | −23% | −20% | −12% | −31% | −44% | −114% | −29% | −29% | −58% | −106% | −36% |
| Other Income | 34 | 49 | 71 | 73 | 51 | 100 | 127 | 117 | 68 | 66 | 34 | 39 | 29 |
| Interest | 36 | 46 | 43 | 61 | 67 | 84 | 93 | 122 | 94 | 109 | 80 | 77 | 73 |
| Depreciation | 47 | 92 | 103 | 116 | 126 | 132 | 138 | 170 | 165 | 172 | 170 | 177 | 127 |
| PBT | −267 | −524 | −376 | −416 | −347 | −495 | −564 | −870 | −428 | −418 | −487 | −496 | −336 |
| Tax % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 1% | 0% |
| Net Profit | −267 | −524 | −376 | −416 | −347 | −495 | −564 | −870 | −428 | −418 | −487 | −500 | −336 |
| EPS (₹) | −1.26 | −2.48 | −1.78 | −1.97 | −1.34 | −1.04 | −1.18 | −1.83 | −0.9 | −0.88 | −1.02 | −1.05 | −0.67 |
Profit & Loss
₹ Cr| Particulars | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|
| Sales | 1 | 373 | 2,631 | 5,010 | 4,514 | 2,253 | 1,880 |
| Expenses | 278 | 1,174 | 3,883 | 6,276 | 6,249 | 3,231 | 2,800 |
| Operating Profit | −277 | −800 | −1,252 | −1,266 | −1,735 | −978 | −920 |
| OPM % | Not meaningful for this period: the ratio divides by a base close to zero, so it is left blank rather than shown as a very large number. | −214% | −48% | −25% | −38% | −43% | −49% |
| Other Income | 98 | 83 | 55 | 226 | 391 | 193 | 168 |
| Interest | 1 | 18 | 108 | 187 | 366 | 360 | 339 |
| Depreciation | 20 | 49 | 167 | 358 | 566 | 684 | 646 |
| PBT | −199 | −784 | −1,472 | −1,584 | −2,276 | −1,829 | −1,737 |
| Tax % | 0% | 0% | 0% | 0% | 0% | 0% | — |
| Net Profit | −199 | −784 | −1,472 | −1,584 | −2,276 | −1,833 | −1,741 |
| EPS (₹) | — | −3.71 | −6.97 | −7.5 | −4.78 | −3.85 | −3.62 |
| Div. Payout % | 0% | 0% | 0% | 0% | 0% | 0% | — |
Balance Sheet
₹ Cr| Particulars | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Equity Capital | 0.01 | 1,955 | 1,955 | 1,955 | 4,411 | 4,411 |
| Reserves | 1,971 | −98 | −1,409 | −2,909 | 732 | −1,060 |
| Borrowings | 42 | 2,608 | 3,505 | 5,684 | 3,556 | 2,763 |
| Other Liabilities | 100 | 931 | 1,521 | 3,006 | 2,376 | 1,674 |
| Total Liabilities | 2,113 | 5,396 | 5,573 | 7,735 | 11,075 | 7,788 |
| Fixed Assets | 104 | 1,025 | 1,219 | 2,491 | 3,154 | 2,781 |
| CWIP | 43 | 83 | 507 | 713 | 702 | 1,067 |
| Investments | 455 | 1,102 | 276 | 64 | 40 | 0 |
| Other Assets | 1,510 | 3,186 | 3,571 | 4,468 | 7,179 | 3,940 |
| Total Assets | 2,113 | 5,396 | 5,573 | 7,735 | 11,075 | 7,788 |
Cash Flow
₹ Cr| Particulars | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Operating | −252 | −885 | −1,507 | −633 | −2,391 | −775 |
| Investing | 549 | −1,322 | −319 | −1,136 | −2,864 | 2,002 |
| Financing | 3 | 3,085 | 659 | 1,590 | 5,429 | −1,201 |
| Net Cash Flow | 300 | 878 | −1,167 | −179 | 174 | 26 |
| Free Cash Flow | −360 | −1,772 | −2,350 | −1,845 | −3,367 | −1,492 |
| CFO/EBITDA | 90 | 111 | 121 | 49 | 137 | 79 |
Ratios
| Particulars | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Debtor Days | 161 | 15 | 12 | 12 | 1 | 5 |
| Inventory Days | — | 216 | 83 | 58 | 77 | 63 |
| Days Payable | — | 271 | 98 | 112 | 94 | 159 |
| Cash Conversion Cycle | 161 | −40 | −4 | −43 | −16 | −91 |
| Working Capital Days | Not meaningful for this period: the ratio divides by a base close to zero, so it is left blank rather than shown as a very large number. | −249 | −93 | −120 | −33 | −185 |
| ROCE % | — | −24% | −30% | −32% | −28% | −20% |
Insights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
Log in to view Ola Electric Mobility insights
60 extracted metrics across FY21–FY27.
Documents
- Q1 FY27 concall · Aug 2026Transcript PPT Recording
- Q4 FY26 concall · May 2026Transcript PPT Recording
- Q3 FY26 concall · Feb 2026Transcript
- Q3 FY26 concall · Feb 2026Transcript PPT Recording
- Q2 FY26 concall · Nov 2025Transcript PPT Recording
- 6 Nov 2025
- General announcements 30 Oct 2026
Frequently Asked Questions about Ola Electric Mobility
What does Ola Electric Mobility Ltd do?
Where is Ola Electric Mobility Ltd (OLAELEC) listed?
Which sector does Ola Electric Mobility Ltd belong to?
What is the 52-week high and low of Ola Electric Mobility Ltd?
What is the Return on Equity (ROE) of Ola Electric Mobility Ltd?
Company Information
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.
For AI agents and developers
Reading this as an AI agent, LLM or automated pipeline? Every page on Tapetide is also published as clean Markdown — no navigation, no scripts, just the data. Fetch https://tapetide.com/stocks/OLAELEC.md for Ola Electric Mobility Ltd: dated key facts, then this page's sections in order: latest price, key fundamentals, peer comparison, the Tapetide Score, technical indicators, analyst ratings, growth rates, analyst forecasts, the AI analysis and news digest (labelled as AI-generated), financial statements, shareholding pattern, documents and the FAQ.
Append .md to any Tapetide URL for
the same treatment. A full index of what we publish is at /llms.txt and /llms-full.txt. For
live, structured queries instead of documents, use our Indian stock market MCP server.