Ola Electric Mobility Limited (IN:OLAELEC)
:OLAELEC
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Ola Electric Mobility Limited
(OLAELEC)
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Rating:43Neutral
Price Target:
₹23.50
▼(-31.69% Downside)
Action:ReiteratedDate:01/21/26
The score is driven primarily by weak financial quality: despite solid revenue growth and improved leverage, ongoing losses and negative operating/free cash flow weigh heavily. Technicals add downside risk with the stock below major moving averages and bearish momentum indicators. Valuation is not supportive because the negative P/E reflects unprofitability and there is no dividend yield.
Positive Factors
Revenue Growth
A 15.66% recent-year revenue increase signals sustained end-market adoption of Ola Electric’s products. Persistent top-line expansion supports scale economics, allows continued investment in manufacturing and software, and increases the runway to improve unit margins and distribution reach over months.
Negative Factors
Persistent Unprofitability
Ongoing negative net profit and EBIT margins mean the business is not yet self-sustaining. Continued losses erode equity, limit reinvestment from operating earnings, and force reliance on external capital; this structural profitability shortfall is a durable constraint on shareholder value creation.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Growth
A 15.66% recent-year revenue increase signals sustained end-market adoption of Ola Electric’s products. Persistent top-line expansion supports scale economics, allows continued investment in manufacturing and software, and increases the runway to improve unit margins and distribution reach over months.
Read all positive factors
Ola Electric Mobility Limited (OLAELEC) vs. iShares MSCI India ETF (INDA)
Market Cap
₹107.05B
Dividend YieldN/A
Average Volume (3M)3.04M
Price to Earnings (P/E)―
Beta (1Y)1.41
Revenue GrowthN/A
EPS GrowthN/A
CountryIN
Employees959
SectorConsumer Cyclical
Sector Strength84
IndustryAuto - Manufacturers
Share Statistics
EPS (TTM)-1.10
Shares Outstanding4,410,830,000
10 Day Avg. Volume2,059,079
30 Day Avg. Volume3,044,880
Financial Highlights & Ratios
PEG Ratio-0.18
Price to Book (P/B)4.26
Price to Sales (P/S)4.85
P/FCF Ratio-6.50
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)-3.96
Revenue Forecast (FY)₹23.45B
Ola Electric Mobility Limited Business Overview & Revenue Model
Company Description
Ola Electric Mobility Limited designs, manufactures, and sells electric vehicles in India. The company provides scooters, battery packs, motors, and vehicle frames. It also offers charging solutions. The company was incorporated in 2017 and is bas...
How the Company Makes Money
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Ola Electric Mobility Limited Financial Statement Overview
Summary
Income Statement
45
Neutral
Balance Sheet
50
Neutral
Cash Flow
40
Negative
| Breakdown | TTM | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 31.74B | 45.14B | 50.10B | 26.00B | 3.68B | 8.64M |
| Gross Profit | 4.78B | 8.06B | 5.82B | 105.03M | -1.21B | 5.89M |
| EBITDA | -12.17B | -13.44B | -10.40B | -11.97B | -7.18B | -2.77B |
| Net Income | -22.80B | -22.76B | -15.84B | -14.72B | -7.84B | -1.99B |
Balance Sheet | ||||||
| Total Assets | 96.50B | 110.75B | 77.35B | 55.73B | 53.96B | 21.13B |
| Cash, Cash Equivalents and Short-Term Investments | 29.26B | 48.81B | 9.19B | 10.85B | 25.44B | 17.31B |
| Total Debt | 31.21B | 35.56B | 27.10B | 16.96B | 8.04B | 421.72M |
| Total Liabilities | 53.08B | 59.32B | 57.16B | 32.17B | 17.34B | 1.42B |
| Stockholders Equity | 43.42B | 51.43B | 20.19B | 23.56B | 36.61B | 19.71B |
Cash Flow | ||||||
| Free Cash Flow | -5.10B | -33.68B | -18.47B | -23.50B | -17.72B | -3.61B |
| Operating Cash Flow | -3.43B | -23.91B | -6.33B | -15.07B | -8.85B | -2.52B |
| Investing Cash Flow | 12.21B | -28.64B | -11.36B | -3.19B | -13.22B | 5.49B |
| Financing Cash Flow | -6.05B | 54.29B | 15.90B | 6.59B | 30.85B | 31.50M |
Ola Electric Mobility Limited Technical Analysis
Neutral
34.40
Price Trends
28.41
Negative
34.11
Negative
41.52
Negative
Market Momentum
-1.28
Negative
43.69
Neutral
47.49
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:OLAELEC, the sentiment is Neutral. The current price of 34.4 is above the 20-day moving average (MA) of 24.07, above the 50-day MA of 28.41, and below the 200-day MA of 41.52, indicating a neutral trend. The MACD of -1.28 indicates Negative momentum. The RSI at 43.69 is Neutral, neither overbought nor oversold. The STOCH value of 47.49 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for IN:OLAELEC.
Ola Electric Mobility Limited Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
69 Neutral | ₹126.50B | 39.41 | ― | 0.23% | 12.99% | 2.43% | |
65 Neutral | ₹129.40B | 67.30 | ― | 0.15% | 7.63% | 11.25% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
61 Neutral | ₹133.93B | 987.71 | ― | 1.57% | ― | ― | |
58 Neutral | ₹255.68B | 39.67 | ― | 0.54% | 2.19% | -5.70% | |
52 Neutral | ₹21.29B | -126.58 | ― | ― | 4.45% | -66.66% | |
43 Neutral | ₹107.05B | -7.78 | ― | ― | ― | ― |
* Consumer Cyclical Sector Average
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Ola Electric Mobility Limited Corporate Events
Ola Electric Rolls Out Navratri Offers and Scales Nationwide Upgrade Program
Mar 19, 2026
Ola Electric has launched a Navratri Mahotsav festive campaign, offering benefits of over ₹30,000 across its Gen 3 S1 electric scooters and Roadster motorcycles, including cash discounts of up to ₹9,999, eight-year extended warranties,...
Ola Electric Denies Material Impact From Reported Rs 2,000 Crore Battery-Arm Fundraise
Mar 16, 2026
Ola Electric Mobility has responded to a stock exchange query following media reports that it plans to raise Rs 2,000 crore for its battery business, stating that it routinely evaluates fundraising and investment opportunities at both company and ...
Ola Electric launches ‘Ola Insiders’ loyalty programme to boost upgrades and referrals
Mar 1, 2026
Ola Electric has launched Ola Insiders, an exclusive community programme for its more than one million existing riders, offering structured benefits around vehicle upgrades, add-on purchases and referrals to deepen customer loyalty. The initiative...
Ola Electric Shareholders Clear Appointment of Independent Director via Postal Ballot
Feb 28, 2026
Ola Electric Mobility Limited has disclosed the results of a postal ballot process conducted via remote e-voting, in line with SEBI listing regulations, to its stock exchange regulators. The exercise reflects the company’s adherence to manda...
Ola Electric Schedules Q3 FY26 Earnings Call for Investors
Feb 10, 2026
Ola Electric Mobility Limited has announced that it will host an earnings conference call with analysts and investors on February 13, 2026, at 5:00 p.m. IST to discuss its financial results for the third quarter and nine months ended December 31, ...
Ola Electric Starts Deliveries of शक्ति़ Home BESS, Wins BIS Nod for 5.2kWh Variant
Feb 1, 2026
Ola Electric has begun deliveries in Bengaluru of its शक्ति़ 9.1kWh residential Battery Energy Storage System, billed as India’s first home BESS solution designed, engineered and manufactured domestically ...
Ola Electric Files SEBI Dematerialisation Compliance Certificate for December 2025 Quarter
Jan 15, 2026
Ola Electric Mobility Limited has informed the National Stock Exchange of India and BSE Limited that it has submitted the requisite certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018 for the quarter en...
Ola Electric Showcases Breakthrough Year as Integrated EV and Energy Player
Jan 1, 2026
Ola Electric has issued a shareholder communication highlighting a milestone year in which it expanded its EV product portfolio, deepened its technology stack and broadened customer access across India. In 2025 the company launched the Roadster X ...
Ola Electric’s Cell Business Head Vishal Chaturvedi to Resign by End-2025
Dec 31, 2025
Ola Electric Mobility Limited has announced a change in its senior management, with Business Head – Cell and designated Senior Management Personnel, Mr. Vishal Chaturvedi, resigning from his role effective at the close of business on 31 Dece...
Ola Electric Secures Government Nod for 4680 Bharat Cell-Powered Roadster X+ Motorcycle
Dec 30, 2025
Ola Electric has secured government certification for its flagship Roadster X+ electric motorcycle, equipped with a 9.1 kWh battery pack built on its indigenously developed 4680 Bharat Cell technology, making it the first electric motorcycle in In...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.