MarketFriction

Ola Electric Mobility Ltd

NSE OLAELEC · BSE 544225 · 2/3 Wheelers
₹37.08 +0.43%
NSE close2026-10-01
52 week range22.25 - 58.65
Market cap₹17,320 Cr.
IPO 2024 · -51% since Nifty 500Nifty Smallcap 100Smallcap 250 Price band 20% Delivery 18.2%

Price

Drag to pan, scroll or pinch to zoom. Ruler (or Shift + drag) measures a move.Dashed lines: 52 week high and low. Prices adjusted for splits and bonuses.

Financials

Consolidated, Rs crore
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales8731,2961,5981,6441,2141,045611828690470265455
Expenses1,3081,5971,9101,8491,5931,5051,3061,065893741546620
Operating Profit-435-301-312-205-379-460-695-237-203-271-281-165
OPM %-50%-23%-20%-12%-31%-44%-114%-29%-29%-58%-106%-36%
Other Income497173511001271176866343929
Interest46436167849312294109807773
Depreciation92103116126132138170165172170177127
Profit before tax-524-376-416-347-495-564-870-428-418-487-496-336
Tax %0%0%0%0%0%0%0%0%0%0%1%0%
Net Profit-524-376-416-347-495-564-870-428-418-487-500-336
EPS in Rs-2.68-1.92-2.13-1.45-1.12-1.28-1.97-0.97-0.95-1.10-1.13-0.73
Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales13732,6315,0104,5142,2531,880
Expenses2781,1743,8836,2766,2493,2312,800
Operating Profit-277-800-1,252-1,266-1,735-978-920
OPM %-32,228%-214%-48%-25%-38%-43%-49%
Other Income988355226391193168
Interest118108187366360339
Depreciation2049167358566684646
Profit before tax-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 in Rs-199,230.00-4.01-7.53-8.10-5.16-4.16-3.91
Dividend Payout %0%0%0%0%0%0%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth%383%-5%-49%
Compounded Profit Growth%%-12%26%
Stock Price CAGR%%%-34%
Return on Equity%%%-43%
Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital0.011,9551,9551,9554,4114,411
Reserves1,971-98-1,409-2,909732-1,060
Borrowings422,6083,5055,6843,5562,763
Other Liabilities1009311,5213,0062,3761,674
Total Liabilities2,1135,3965,5737,73511,0757,788
Fixed Assets1041,0251,2192,4913,1542,781
CWIP43835077137021,067
Investments4551,10227664400
Other Assets1,5103,1863,5714,4687,1793,940
Total Assets2,1135,3965,5737,73511,0757,788
Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity-252-885-1,507-633-2,391-775
Cash from Investing Activity549-1,322-319-1,136-2,8642,002
Cash from Financing Activity33,0856591,5905,429-1,201
Net Cash Flow300878-1,167-17917426
Free Cash Flow-360-1,772-2,350-1,845-3,367-1,492
CFO/OP90%111%121%49%137%79%
Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days16115121215
Inventory Days21683587763
Days Payable2719811294159
Cash Conversion Cycle161-40-4-43-16-91
Working Capital Days-37,922-249-93-120-33-185
ROCE %-24%-30%-32%-28%-20%
Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters36.78%36.78%36.78%36.78%36.78%34.59%34.59%32.96%
FIIs4.18%2.11%2.89%4.47%3.24%4.08%4.00%4.11%
DIIs5.16%4.55%2.93%2.87%6.78%7.28%7.01%12.16%
Public48.41%51.25%52.14%50.70%48.33%49.21%49.64%46.26%
Others5.48%5.33%5.27%5.18%4.87%4.83%4.75%4.51%
No. of Shareholders14,25,35215,69,43616,72,13016,72,49219,37,91619,91,26119,53,65819,44,870

Fundamentals

Market Cap₹ 17,320 Cr.
Current Price₹ 37.4
Book Value₹ 7.60
ROCE-19.9 %
ROE-43.2 %
Dividend Yield0.00 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)-49%
Compounded Profit Growth (TTM)26%
Consolidated figures.
Valuation
Market capRs 17,162 Cr
Enterprise valueRs 17,673 Cr
Price to book9.24x
Price to sales9.13x
EV / sales9.40x
Earnings yield-10.14%
Profitability
Operating margin (excl. other income)-214.28%
Operating margin (incl. other income)-192.16%
EBITDA margin-40.00%
Pre-tax margin-92.39%
Net profit margin-92.61%
Net margin, latest quarter-73.85%
ROE-40.97%
ROCE-23.67%
ROA-20.89%
ROIC (approx.)-59.02%
Other income / net worth4.45%
Growth
Sales growth (latest year)43320.93%
Sales growth QoQ71.70%
Sales growth YoY (latest quarter)-45.05%
Per share
EPS (TTM)Rs -3.76
EPS (latest year)Rs -4.01
EPS (latest quarter)Rs -0.73
Book value per shareRs 4.01
Sales per shareRs 4.06
Cash flow per shareRs -1.91
Free cash flow per shareRs -3.22
Efficiency
Asset turnover0.07x
Fixed asset turnover0.36x
Inventory turnover2.00x
Inventory days183 days
Debtor days15 days
Debtors turnover24.53x
Creditor days159 days
Cash conversion cycle-91 days
Working capital days-185 days
Leverage
Total debtRs 2,608 Cr
Cash and bankRs 2,097 Cr
Net debtRs 511 Cr
Debt to equity1.40x
Interest coverage-4.12x
Current ratio (filing 2026-03-31)1.14x
Quick ratio (filing 2026-03-31)1.05x
Trade payables (filing 2026-03-31)Rs 679 Cr
Owners' fund to total sources34.42%
Debt to assets48.33%
Cash flow
Cash from Operating Activity (latest year)Rs -885 Cr
Cash from Investing Activity (latest year)Rs -1,322 Cr
Cash from Financing Activity (latest year)Rs 3,085 Cr
Net Cash Flow (latest year)Rs 878 Cr
Free cash flow (latest year)Rs -1,492 Cr
FCFE (approx.: FCF + change in debt)Rs 1,074 Cr
Statement figures
Net sales (TTM)Rs 1,880 Cr
Net sales (latest year)Rs 373 Cr
Sales (latest quarter)Rs 455 Cr
Operating profit excl. other income (latest year)Rs -800 Cr
Operating profit (latest quarter)Rs -165 Cr
Other income (TTM)Rs 168 Cr
EBITDA (TTM)Rs -752 Cr
PBDT (TTM)Rs -1,091 Cr
Profit before tax (TTM)Rs -1,737 Cr
Net profit (TTM)Rs -1,741 Cr
Net profit (latest year)Rs -784 Cr
Net profit (latest quarter)Rs -336 Cr
Depreciation (TTM)Rs 646 Cr
Depreciation (latest quarter)Rs 127 Cr
Interest (TTM)Rs 339 Cr
Cost of goods sold (latest year)Rs 568 Cr
Total expenditure (latest year)Rs 1,174 Cr
Total income (latest year)Rs 456 Cr
Share capitalRs 1,955 Cr
ReservesRs -98 Cr
Shareholders' fundsRs 1,857 Cr
Total assetsRs 5,396 Cr
Net blockRs 1,025 Cr
Capital work in progressRs 83 Cr
InvestmentsRs 1,102 Cr
ReceivablesRs 15 Cr
InventoryRs 284 Cr
Other liabilitiesRs 931 Cr
Shares outstanding (crore)462.84
Ownership
Promoter holding32.96% (-3.82 in a year)
Computed by MarketFriction from the consolidated statements. Returns use average balances.
Not enough history to build valuation bands (needs two years of profits and prices).
PeriodOLAELECNifty 50Difference
1 week-12.8%-2.8% -10.0 pts
1 month-8.5%-6.8% -1.7 pts
3 months-16.6%-7.6% -9.0 pts
6 months+62.6%+0.4% +62.2 pts
1 year-33.8%-9.9% -23.9 pts
2 years-65.7%-13.6% -52.2 pts
53 mutual fund schemes hold about ₹2,173 Cr. Over three months 44 bought more and 9 sold (share counts, price move removed).
FundWeightEst. Cr3m shares
Motilal Oswal Large & Midcap Fund2.83%571 +11%
Motilal Oswal Large & Midcap Fund2.83%523 +11%
Motilal Oswal Flexi Cap Fund2.64%374 +29%
Mirae Asset ELSS Tax Saver Fund0.54%143 +26%
Motilal Oswal ELSS Tax Saver Fund2.73%140 +7%
Mirae Asset Large & Midcap Fund0.26%121 +8%
Mirae Asset Midcap Fund0.23%47 +6%
Motilal Oswal Active Momentum Fund3.97%46 -26%
Kotak Equity Savings Fund(M0.39%41 +8%
Kotak Consumption Fund2.38%41 +11%
JM Flexi Cap Fund0.44%23 -12%
Motilal Oswal Innovation Opportunities Fund2.87%20 +32%
Nippon India Nifty Smallcap 250 Index Fund0.42%15 +9%
Baroda BNP Paribas India Consumption Fund0.83%12 -18%
HDFC Business Cycle Fund0.40%11 +10%
SBI Nifty Smallcap 250 Index Fund0.42%8 +9%
Baroda BNP Paribas Innovation Fund0.81%7 -25%
Motilal Oswal Nifty Smallcap 250 Index Fund0.42%5 +9%
Baroda BNP Paribas Retirement Fund0.97%4 +10%
ICICI Pru Nifty Smallcap 250 Index Fund0.42%3 +9%
HDFC NIFTY Smallcap 250 Index Fund0.42%3 +9%
Motilal Oswal Special Opportunities Fund2.83%3 +59%
JioBlackRock Nifty Smallcap 250 Index Fund0.42%2 +9%
Motilal Oswal Nifty 500 Index Fund0.05%1 +10%
Edelweiss Nifty Smallcap 250 Index Fund0.42%1 +10%

Red flags

F-score 3 of 8
explainDebt up, profit down Borrowings up 6083% while net profit fell in 2026
lookRepeated losses Net loss in each of the last two years
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.

Latest quarter

Jun 2026
Sales ₹455 Cr -45.0% vs Jun 2025. Net loss ₹336 Cr.

Activity

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No bulk or block deals on record.
No corporate actions on record.
DateTypeWhat it says
2026-10-01Shareholder meetingOla Electric Mobility Limited has submitted the Exchange a copy of Voting Results & Scrutinizers report of Annual General Meeting held on September 3...
2026-09-30Shareholder meetingProceedings of 9th Annual General Meeting held on September 30, 2026
2026-09-28General UpdatesGeneral Updates
2026-09-28Issue of SecuritiesIssue of equity shares on rights basis
2026-09-28AppointmentAppointment of Ms. Deepa Bansal as Company Secretary & Compliance Officer of the company w.e.f. September 28, 2026.
2026-09-28Board meeting outcomeBoard of Directors at its meeting held on September 28, 2026, has decided to issue equity shares on rights basis
2026-09-28General UpdatesDisclosure pursuant to Regulation 30(5) of SEBI (LODR) Regulations, 2015
2026-09-28Board meeting outcomeAppointment of Company Secretary and Compliance Officer w.e.f. September 28, 2026
2026-09-23UpdatesCompany Statement.
2026-09-15Concall / analyst meetSchedule of meet
2026-09-08General UpdatesGeneral Updates- Business Responsibility & Sustainability Reporting
2026-09-08General UpdatesDispatch of letters to members whose e-mail address is not registered with the Company/Registrar and Share Transfer Agent/Depositories Participants.
2026-09-08Shareholder meetingNotice of Annual General Meeting to be held on September 30, 2026
2026-09-05ResignationResignation of Mr. Hyun Shik Park as Chief Operations Officer designated as a Senior Management Personnel of the Company w.e.f. September 05, 2026.
2026-09-05ResignationResignation of Director/KMP/SMP
2026-09-05Change in ManagementChange in Management
2026-09-05AppointmentRe-appointment of Ms. Shradha Sharma (DIN: 03557496) as an Non-Executive Independent Director of the company w.e.f. December 06, 2026.
2026-09-05AppointmentRe-appointment of Mr. Manoj Kumar Kohli (DIN: 00162071) as an Independent Director of the company w.e.f. December 06, 2026.
2026-09-05CessationResignation of Mr. Hyun Shik Park designated as a Senior Management Personnel of the Company w.e.f. September 05, 2026.
2026-09-05Amendment to AOA/MOAThe Amendment to AOA/MOA of the company.
2026-09-05Board meeting outcomeOutcome of Board Meeting held on September 05, 2026.
2026-09-05Board meeting outcomeOutcome of Board Meeting held on September 05, 2026.
2026-09-05Board meeting outcomeOutcome of Board Meeting held on September 05, 2026.
2026-09-05Board meeting outcomeOutcome of Board Meeting held on September 05, 2026.
2026-09-04Press ReleaseA press release dated September 04, 2026, titled "Ola Electrics First Dealer Stores are Now Open across India".
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
Trade dateShares sold short
2026-09-2929,539
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
EPS in the scrip is zero (4 trailing quarters)High low price variation greater than 150perc in previous 12 monthsLoss making

Quick answers

What is the market cap of Ola Electric Mobility Ltd?

Ola Electric Mobility Ltd (OLAELEC) has a market capitalisation of Rs 17,320 Cr. at the 2026-10-01 close.

What were Ola Electric Mobility Ltd's latest quarterly results?

In the Jun 2026 quarter, Ola Electric Mobility Ltd sales was Rs 455 Cr (-45.0% vs Jun 2025) with a net loss of Rs 336 Cr.

What is the 52-week high and low of Ola Electric Mobility Ltd?

The 52-week high is Rs 58.65 and the 52-week low is Rs 22.25.

Data: NSE and BSE daily reports, company filings. Numbers only, not investment advice, not a SEBI-registered research service.AboutMethodologyFAQResearchContactTermsPrivacyDisclaimerUpdated 2026-10-03