Ola Electric Mobility Limited (IN:OLAELEC)
:OLAELEC
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Ola Electric Mobility Limited
(OLAELEC)
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Rating:49Neutral
Price Target:
₹36.00
▲(4.65% Upside)
Action:ReiteratedDate:04/11/26
The score is primarily constrained by weak financial performance—ongoing losses and negative operating/free cash flow outweigh revenue growth and improved leverage. Technicals are supportive with price above major moving averages and positive MACD, but overbought RSI/Stoch raise pullback risk. Valuation is also pressured because the negative P/E indicates the company is still unprofitable.
Positive Factors
Sustained Revenue Growth
Consistent revenue growth of ~15.7% demonstrates continued product adoption and market demand for its electric two-wheelers. Over 2-6 months this supports scale advantages, capacity utilization and provides a foundation to improve unit economics as fixed costs are spread over higher volumes.
Negative Factors
Ongoing Unprofitability
Persistent negative net profit and EBIT margins show the business is not yet generating operating profits. Over a multi-month horizon this limits retained earnings, reduces resilience to demand shocks, and constrains the company’s ability to self-fund growth or capex without external capital.
Read all positive and negative factors
Positive Factors
Negative Factors
Sustained Revenue Growth
Consistent revenue growth of ~15.7% demonstrates continued product adoption and market demand for its electric two-wheelers. Over 2-6 months this supports scale advantages, capacity utilization and provides a foundation to improve unit economics as fixed costs are spread over higher volumes.
Read all positive factors
Ola Electric Mobility Limited (OLAELEC) vs. iShares MSCI India ETF (INDA)
Market Cap
₹157.86B
Dividend YieldN/A
Average Volume (3M)3.04M
Price to Earnings (P/E)―
Beta (1Y)2.12
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)-3.5
Revenue Forecast (FY)₹28.57B
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
Positive
34.40
Price Trends
28.21
Positive
32.64
Positive
40.72
Positive
Market Momentum
3.58
Negative
75.04
Negative
85.00
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:OLAELEC, the sentiment is Positive. The current price of 34.4 is above the 20-day moving average (MA) of 29.51, above the 50-day MA of 28.21, and below the 200-day MA of 40.72, indicating a bullish trend. The MACD of 3.58 indicates Negative momentum. The RSI at 75.04 is Negative, neither overbought nor oversold. The STOCH value of 85.00 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive 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 | ₹126.58B | 39.41 | ― | 0.23% | 17.23% | 5.49% | |
66 Neutral | ₹141.31B | 40.89 | ― | 1.57% | 69.14% | 44.89% | |
65 Neutral | ₹145.04B | 67.30 | ― | 0.15% | 10.71% | 10.22% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
58 Neutral | ₹291.42B | 39.67 | ― | 0.54% | 3.05% | 4.15% | |
52 Neutral | ₹26.47B | -126.58 | ― | ― | 1.06% | -77.75% | |
49 Neutral | ₹157.86B | -7.78 | ― | ― | ― | ― |
* Consumer Cyclical Sector Average
IN:OLAELEC
Ola Electric Mobility Limited
35.79
-13.78
-27.80%
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Ola Electric Mobility Limited Corporate Events
Ola Electric Shareholders Clear Change in IPO Funds Utilisation
Apr 22, 2026
Ola Electric Mobility Limited shareholders have approved a special resolution via postal ballot and remote e-voting to vary the objects and terms of utilisation of the company’s initial public offering proceeds and to modify the time limit f...
Ola Electric Files SEBI Demat Compliance Certificate for March Quarter
Apr 14, 2026
Ola Electric Mobility Limited has informed the Indian stock exchanges that it has received the required quarterly certificate under Regulation 74(5) of SEBI’s Depositories and Participants Regulations, 2018, from its registrar and share tran...
Ola Electric posts V-shaped recovery as March orders and registrations surge
Apr 1, 2026
Ola Electric reported a sharp rebound in March, with daily orders crossing 1,000 units in the last week of the month and vehicle registrations jumping to 10,117 from 3,973 in February, a more than 150% month-on-month increase. This surge reflects ...
Ola Electric Closes Trading Window Ahead of FY 2026 Results
Mar 31, 2026
Ola Electric Mobility Limited has notified stock exchanges that its trading window for dealing in company securities will be closed from April 1, 2026, in line with SEBI’s Prohibition of Insider Trading Regulations and its internal code of c...
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 ...
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.