OLA Electric Mobility Ltd
NSE: OLAELEC · 2/3 Wheelers · sector
₹29.94NSE close 2026-10-26
Key numbers
Market cap₹13,856 cr
Price₹29.94
52w high / low₹54 / ₹22
P/E–Sector median 33.7x
P/B4.1xSector median 7.2x
Book value₹7.2
Dividend yield–Sector median 1.54%
ROE-41.0%Sector median 24.9%
ROCE-24.0%Sector median 18.7%
OPM-48.9%Sector median 11.3%
Debt / equity0.74xSector median 0.57x
EV/EBITDA–Sector median 19.8x
Interest cover-4.1x
Current ratio1.14x
Sales growth 3y–Sector median +17.5%
Profit growth 3y–Sector median +23.7%
PEG–
Last 12 months to Jun 2026, Consolidated. "Sector median" = middle value of 9 companies in 2/3 Wheelers (P/E median leaves out loss-making companies). Tap ? for what a number means.
Things to know
- Cash ₹1,542 cr vs borrowings ₹2,476 cr (FY26): borrowings are higher by ₹934 cr.
- Operating profit covered interest -4.1x in the last 12 months.
- 11.53% of the promoters' shares are pledged (4.3% of all shares).
- Promoter holding fell by 3.81 percentage points in a year, to 32.97% (2026-09-30).
- Net loss in 8 of the last 8 quarters.
- Revenue was higher than a year earlier in 0 of the last 4 quarters.
- No dividend in the last 2 financial years.
- Price ₹29.94 on 2026-10-26: -45.0% from the 52-week high, +34.6% from the 52-week low.
Plain facts from the filings, built by the same fixed rules for every company. A line appears only when the data for it is available. Not a view on the stock.
Charts
Weekly close · high ₹108.15 · low ₹23.27
RevenueNet profit
RevenueNet profit
Quarterly results
| ₹ cr | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1,214 | 1,045 | 611 | 828 | 690 | 470 | 265 | 455 |
| EBITDA | -379 | -460 | -695 | -237 | -203 | -271 | -281 | -165 |
| OPM % | -31.2% | -44.0% | -113.7% | -28.6% | -29.4% | -57.7% | -106.0% | -36.3% |
| Other income | 100 | 127 | 117 | 68 | 66 | 34 | 39 | 29 |
| Net profit | -495 | -564 | -870 | -428 | -418 | -487 | -500 | -336 |
| EPS (₹) | -1.20 | -1.28 | -1.97 | -0.97 | -0.95 | -1.10 | -1.13 | -0.75 |
| Revenue YoY | -43.2% | -55.0% | -56.6% | -45.0% | ||||
| Profit YoY | – | – | – | – |
Consolidated figures where filed. Latest quarter Jun 2026.
Profit & loss (yearly)
| ₹ cr | FY25 | FY26 | TTM |
|---|---|---|---|
| Revenue | 4,514 | 2,253 | 1,880 |
| EBITDA | -1,762 | -992 | -920 |
| Net profit | -2,259 | -1,833 | -1,741 |
| EPS (₹) | -5.48 | -4.16 | -3.93 |
| Revenue growth | -50.1% | -49.2% | |
| Profit growth | – | – | |
| Dividend / share (₹) | – | – |
| Compounded growth | 3 years | 5 years | Last 12 months |
|---|---|---|---|
| Sales | – | – | -49.2% |
| Net profit | – | – | – |
| EPS | – | – | – |
| Share price | – | -36.4% (2y) | -38.0% |
Balance sheet
| ₹ cr | FY25 | FY26 |
|---|---|---|
| Shareholders' equity | 5,143 | 3,351 |
| Borrowings | 3,043 | 2,476 |
| Cash & equivalents | 3,518 | 1,542 |
| Total assets | 11,075 | 7,788 |
| Fixed assets | 2,050 | 1,956 |
| Capital work in progress | 254 | 496 |
| Investments | 38 | 0 |
| Receivables | 9 | 31 |
| Inventory | 784 | 269 |
| Payables | 951 | 679 |
Year-end figures from the March annual filing.
Cash flow
| ₹ cr | FY25 | FY26 |
|---|---|---|
| Cash from operations | -2,391 | -775 |
| Cash from investing | -2,864 | 2,002 |
| Cash from financing | 5,429 | -1,201 |
| Capex | 977 | 718 |
| Free cash flow | -3,368 | -1,493 |
Free cash flow = cash from operations − capex.
Ratios by year
| ₹ cr | FY25 | FY26 |
|---|---|---|
| ROE % | -43.9% | -54.7% |
| ROCE % | -23.3% | -25.2% |
| Debtor days | 1 | 5 |
| Inventory days | 77 | 63 |
| Payable days | 94 | 159 |
| Cash conversion cycle (days) | -16 | -91 |
| Working capital days | 251 | 65 |
Shareholding
| Holder | % (2026-09-30) |
|---|---|
| Promoters | 32.97% |
| FIIs | 4.73% |
| DIIs | 11.75% |
| of which Mutual funds | 8.22% |
| of which Insurance | 0.02% |
| Public (non-institutions) | 46.04% |
| Quarter | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters % | 36.78% | 36.78% | 36.78% | 34.59% | 34.59% | 32.97% | 32.97% | 32.97% |
| Promoter group | % |
|---|---|
| Bhavish Aggarwal | 26.52% |
| ANI Technologies Private Limited | 3.47% |
| Indus Trust (through its trustee Ankush Aggarwal | 2.98% |
| Naresh Kumar Aggarwal | 0.00% |
| Ankush Aggarwal | 0.00% |
| Rajalakshmi Aggarwal | 0.00% |
| Usha Aggarwal | 0.00% |
| Vijayam Raghunathan | 0.00% |
| Naresh Aggarwal HUF | 0.00% |
| Geospoc Geospatial Services Private Limited | 0.00% |
| Goddard Technical Solutions Private Limited | 0.00% |
| Krutrim AI Designs LLP | 0.00% |
| Krutrim SI Designs Private Limited | 0.00% |
| Ola Financial Services Private Limited | 0.00% |
| Ola Fleet Technologies Private Limited | 0.00% |
| Public holders above 1% | % |
|---|---|
| SVF II Ostrich (DE) LLC | 11.70% |
| Motilal Oswal Flexi CAP Fund | 6.27% |
| OEM Employees Welfare Trust (through it's trustee Nirajkumar Popatlal Jain) | 4.51% |
| Mirae Asset Nifty500 Multicap 50:25:25 ETF | 1.16% |
19,10,580 shareholders. Pledged: 11.53% of promoter shares.
Peers in 2/3 Wheelers
| Company | Market cap | P/E | P/B | ROE | ROCE | OPM | Sales 3y | Div yield |
|---|---|---|---|---|---|---|---|---|
| BAJAJ-AUTO | ₹2,81,484 cr | 23.9x | 7.2x | 31.8% | 26.6% | 20.6% | +19.9% | 2.08% |
| EICHERMOT | ₹1,94,881 cr | 33.7x | 7.8x | 24.9% | 26.4% | 24.5% | +17.5% | 0.99% |
| TVSMOTOR | ₹1,89,850 cr | 55.4x | 19.9x | 37.9% | 18.7% | 14.8% | +20.6% | 0.30% |
| HEROMOTOCO | ₹1,04,032 cr | 19.1x | 4.8x | 26.7% | 34.4% | 14.3% | +11.6% | 3.37% |
| ATHERENERG | ₹60,338 cr | – | 23.4x | -25.4% | -10.1% | -7.4% | – | – |
| OLAELEC | ₹13,856 cr | – | 4.1x | -41.0% | -24.0% | -48.9% | – | – |
| ZELIO | ₹2,114 cr | 66.0x | 23.4x | 31.4% | 40.4% | 11.3% | – | – |
| WARDINMOBI | ₹100 cr | 83.5x | 0.7x | 0.7% | 5.7% | 7.5% | +1.1% | – |
| SEVL | ₹37 cr | 9.1x | 1.0x | 10.3% | 16.4% | 8.6% | – | – |
Business segments (FY26)
| Segment | Revenue | Share | EBIT | Margin |
|---|---|---|---|---|
| Automotive | ₹2,245 cr | 99.1% | ₹-854 cr | -38.0% |
| Cell | ₹20 cr | 0.9% | ₹-225 cr | -1,125.0% |
Dividends & corporate actions
| Ex-date | Action | Detail |
|---|---|---|
| 2026-10-13 | Rights | Rights 2:25 @ Premium Rs 17/- |
Documents
- Annual report FY26
- Annual report FY25
- Annual report FY25
- Announcements NSE filings
- BRSR FY26
- Latest results (data file) XBRL
- Announcements BSE filings
Links go to the original files on the exchange website.
About the company
- Manufacturing: Manufacture of motor vehicles, trailers and semitrailers
| Sector | Consumer Discretionary |
| Industry | 2/3 Wheelers |
| Sub-industry | 2/3 Wheelers |
| Symbol | OLAELEC |
| BSE code | 544225 |
| ISIN | INE0LXG01040 |
| Face value | ₹10.0 |
| Incorporated | 2017-02-03 |
| Website | http://www.olaelectric.com |
| Plants (India / abroad) | 2 / 0 |
From the company's filings (BRSR FY26).
Data built 2026-10-22 from NSE company filings (XBRL: Integrated Filing - Financials + financial results), NSE shareholding & pledge data; price = NSE close 2026-10-26.