Ola Electric Mobility Limited (OLAELEC) AI Stock Analysis

• Market Cap: ₹142.60B
• Dividend Yield: N/A
• Average Volume (3M): 3.04M
• Price to Earnings (P/E): ―
• Beta (1Y): 1.57
• Revenue Growth: N/A
• EPS Growth: N/A
• Country: IN
• Employees: 959
• Sector: Consumer Cyclical
• Sector Strength: 84
• Industry: Auto - Manufacturers
• EPS (TTM): -0.90
• Shares Outstanding: 4,410,830,000
• 10 Day Avg. Volume: 2,059,079
• 30 Day Avg. Volume: 3,044,880
• 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 Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 43 Neutral
• Price Target: ₹31.00 ▼(-9.88% Downside)

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

Sustained ~15.7% revenue growth indicates rising market adoption of Ola Electric’s scooters and scale in core sales channels. Durable top-line expansion supports longer‑term operating leverage, capacity utilization and reinvestment in product R&D and distribution over the next 2–6 months.

Improved Leverage

A lower debt-to-equity (0.69) reduces near-term refinancing risk and improves financial flexibility to fund factory scale-up and charging infrastructure. Structurally, better leverage capacity enhances the company’s ability to pursue capital-intensive growth without immediate dilution or liquidity strain.

Product & Distribution Strength

Ola’s combined online and physical distribution plus embedded software/services creates multiple revenue channels and customer lock-in. This business model diversity and digital integration are durable advantages that support recurring revenue potential and differentiation versus traditional scooter makers.

Negative Factors

Profitability Deficit

Persistent negative net profit and EBIT margins indicate the core operations are not yet profitable, limiting the company’s ability to self-fund growth, pay down obligations, or generate shareholder returns. This structural profitability gap is a material headwind for sustainable value creation.

Weak Cash Flows

Negative operating and free cash flows constrain liquidity and force reliance on external financing or equity raises to fund capex and expansion. Over a multi‑month horizon this increases vulnerability to funding shocks and can slow planned rollouts or infrastructure investments.

Negative Return on Equity

A negative ROE shows capital employed is not generating shareholder returns, signaling inefficient use of equity despite better leverage. Structurally this hampers investor confidence and limits the firm’s ability to attract low‑cost capital for sustainable scaling over the medium term.

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 based in Bengaluru, India.

How the Company Makes Money

Ola Electric generates revenue primarily through the sale of its electric scooters, which include a range of models catering to different consumer needs. The company has established a robust distribution network that includes online sales and physical dealerships, enhancing accessibility to its products. In addition to vehicle sales, Ola Electric earns income from software solutions and digital services integrated into its scooters, such as navigation, vehicle diagnostics, and connectivity features. The company may also explore revenue opportunities through partnerships with battery manufacturers and charging infrastructure providers, as well as potential government incentives and subsidies aimed at promoting electric vehicle adoption. Furthermore, Ola Electric's commitment to sustainability and innovation positions it well for future revenue streams as the market for electric vehicles continues to grow.

Ola Electric Mobility Limited Financial Statement Overview

Summary

Revenue growth is strong (15.66% most recent year), but profitability is weak with negative net profit and EBIT margins. Balance sheet leverage has improved (debt-to-equity 0.69), yet returns remain negative (negative ROE). Cash flows are a major concern with negative operating and free cash flow, limiting flexibility to fund growth.

Income Statement

Ola Electric Mobility Limited has shown a consistent increase in revenue over the years, with a notable 15.66% growth in the most recent year. However, the company is struggling with profitability, as evidenced by negative net profit margins and EBIT margins. The gross profit margin has improved but remains low, indicating challenges in cost management or pricing strategy.

Balance Sheet

The company's debt-to-equity ratio has improved to 0.69, indicating a better balance between debt and equity financing. However, the return on equity remains negative, reflecting ongoing losses. The equity ratio suggests a stable capital structure, but the negative ROE highlights profitability challenges.

Cash Flow

Ola Electric Mobility Limited faces significant cash flow challenges, with negative operating and free cash flows. The free cash flow to net income ratio is positive, indicating some efficiency in converting income to cash, but the overall cash flow position is weak due to ongoing losses and high capital expenditures.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	36.98B	45.14B	50.10B	26.00B	3.68B	8.64M
Gross Profit	7.17B	8.06B	5.82B	105.03M	-1.21B	5.89M
EBITDA	-13.59B	-13.44B	-10.40B	-11.97B	-7.18B	-2.77B
Net Income	-23.57B	-22.76B	-15.84B	-14.72B	-7.84B	-1.99B
Balance Sheet
Total Assets	0.00	110.75B	77.35B	55.73B	53.96B	21.13B
Cash, Cash Equivalents and Short-Term Investments	35.18B	48.81B	9.19B	10.85B	25.44B	17.31B
Total Debt	0.00	35.56B	27.10B	16.96B	8.04B	421.72M
Total Liabilities	-51.43B	59.32B	57.16B	32.17B	17.34B	1.42B
Stockholders Equity	51.43B	51.43B	20.19B	23.56B	36.61B	19.71B
Cash Flow
Free Cash Flow	0.00	-33.68B	-18.47B	-23.50B	-17.72B	-3.61B
Operating Cash Flow	0.00	-23.91B	-6.33B	-15.07B	-8.85B	-2.52B
Investing Cash Flow	0.00	-28.64B	-11.36B	-3.19B	-13.22B	5.49B
Financing Cash Flow	0.00	54.29B	15.90B	6.59B	30.85B	31.50M

Ola Electric Mobility Limited Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 34.40
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:OLAELEC, the sentiment is Negative. The current price of 34.4 is below the 20-day moving average (MA) of 36.44, below the 50-day MA of 36.81, and below the 200-day MA of 45.95, indicating a bearish trend. The MACD of -1.83 indicates Positive momentum. The RSI at 35.34 is Neutral, neither overbought nor oversold. The STOCH value of 21.53 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:OLAELEC.

Ola Electric Mobility Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
MINDACORP	69 Neutral	₹134.35B	49.41	―	0.23%	12.99%	2.43%
JBMA	64 Neutral	₹133.19B	63.03	―	0.15%	7.63%	11.25%
Sector *	61 Neutral	$18.38B	12.79	-2.54%	3.03%	1.52%	-15.83%
MAHSCOOTER	61 Neutral	₹153.90B	42.04	―	1.57%	―	―
EXIDEIND	58 Neutral	₹273.27B	33.00	―	0.54%	2.19%	-5.70%
IMAGICAA	52 Neutral	₹28.79B	117.51	―	―	4.45%	-66.66%
OLAELEC	43 Neutral	₹142.60B	-5.89	―	―	―	―

Ola Electric Mobility Limited Corporate Events

Ola Electric Files SEBI Dematerialisation Compliance Certificate for December 2025 Quarter

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 ended December 31, 2025, as issued by its registrar and share transfer agent MUFG Intime India Private Limited. The registrar has confirmed that all securities received for dematerialisation during the quarter were appropriately processed, either accepted or rejected, listed on the relevant stock exchanges, and that corresponding physical certificates were mutilated, cancelled and replaced in the register of members with the depositories as registered owners within prescribed timelines, underscoring Ola Electric’s adherence to securities market compliance and strengthening governance confidence for investors and other stakeholders.

Ola Electric Showcases Breakthrough Year as Integrated EV and Energy Player

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 electric motorcycle, rolled out its MoveOS 5 over-the-air software upgrade, introduced the concept Diamondhead electric superbike and debuted the Ola Muhurat Mahotsav sales event, Hyperdelivery for same- and next-day scooter delivery and a new Hyperservice Centre model promising same-day service as it prepares for a wider national rollout in 2026. The company underscored its push for technological self-reliance with India’s first certified indigenous Ferrite motor for EVs and the 4680 Bharat Cell dry electrode battery, which is already powering scooters in multiple southern states and has enabled the Roadster X+ 9.1KWh to secure certification as an EV with up to 500 km range. Together with the launch of the Ola Shakti residential battery storage system and growth of its user base to over one million, Ola Electric is positioning itself not just as a vehicle maker but as a comprehensive EV and energy ecosystem player, aiming to accelerate India’s transition away from internal combustion engine vehicles in 2026 and beyond.

Ola Electric’s Cell Business Head Vishal Chaturvedi to Resign by End-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 December 2025, citing personal commitments. The company has notified the stock exchanges in compliance with SEBI’s listing and disclosure regulations, signalling a notable shift in leadership within its cell business, a strategic area for EV battery development, and has made the disclosure and related documents available on its investor relations website for stakeholders.

Ola Electric Secures Government Nod for 4680 Bharat Cell-Powered Roadster X+ Motorcycle

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 India to be approved with a fully in-house 4680 cell-based pack. The certified Roadster X+ offers an industry-leading range of up to 500 km, positioning it as a practical long-distance and inter-city EV option that directly addresses range anxiety and aims to expand adoption beyond metros into India’s Tier 2 and Tier 3 markets. With this approval, the company will commence deliveries of the model and has effectively extended its 4680 Bharat Cell platform across its entire two-wheeler portfolio, including both scooters and motorcycles, reinforcing its vertically integrated strategy across cells, battery packs and vehicle platforms. The certification, granted by iCAT under Central Motor Vehicle Rules and backed by additional AIS-156 battery pack approval, follows rigorous safety, performance, electrical and environmental testing, underlining Ola Electric’s push to meet high regulatory standards as it seeks to accelerate EV penetration in India’s motorcycle-dominated two-wheeler market.

Ola Electric Ramps Up 4680 Bharat Cell EV Deliveries, Claims First Fully In‑House Battery Manufacturing in India

Ola Electric has begun scaling deliveries of its S1 Pro+ (5.2 kWh) scooters powered by the indigenously manufactured 4680 Bharat Cell battery pack across Tamil Nadu, Kerala, Telangana and Karnataka, with rollouts underway in cities such as Coimbatore, Kochi, Hyderabad and Bengaluru. The new variant, which offers an IDC range of 320 km, a 13 kW motor with rapid acceleration, multiple riding modes and enhanced safety features including dual ABS and disc brakes, positions Ola as the first Indian company to fully own both cell and battery pack manufacturing in-house, strengthening its integrated EV ecosystem and technological control. By pairing this technological milestone with an expanded premium and mass-market two-wheeler portfolio at a range of price points, the company is sharpening its competitive edge in India’s fast-growing electric two-wheeler market and signaling its intent to scale the 4680-powered vehicles nationwide, with potential implications for cost, performance and supply-chain independence in the sector.

Ola Electric Subsidiary Secures Rs 366.8 Crore PLI Incentive from Ministry of Heavy Industries

Ola Electric Mobility Limited has announced that its wholly owned subsidiary, Ola Electric Technologies Private Limited, has received a sanction order from India’s Ministry of Heavy Industries for demand incentives under the Production Linked Incentive Scheme for Automobile and Auto Components for FY 2024-25. The order approves payment of approximately Rs 366.8 crore to be disbursed via IFCI Limited against the subsidiary’s determined sales value, reinforcing Ola Electric’s eligibility under the PLI-Auto scheme and strengthening its financial support for scaling domestic EV manufacturing, which may enhance its competitive position in India’s rapidly evolving electric vehicle market.

Ola Electric Wins ₹366.78 Crore PLI Incentive for FY25 EV Manufacturing Push

Ola Electric has secured a sanction order from India’s Ministry of Heavy Industries for incentives totalling ₹366.78 crore under the Production Linked Incentive Scheme for Automobile and Auto Components for its FY 2024-25 performance. The payout, to be disbursed via IFCI Limited as the designated financial institution, recognises the company’s determined sales value and underscores its growing role in advanced automotive manufacturing, scale, localisation and technology-led, vertically integrated EV production. Management framed the award as a validation of Ola Electric’s manufacturing capabilities and innovation across the electric mobility value chain, aligning the company more closely with the government’s ambition to position India as a global hub for advanced automotive manufacturing and clean mobility, and potentially strengthening its competitive standing in the domestic EV sector.

Ola Electric Promoters Clear Pledged Shares After Partial Stake Monetisation

Ola Electric Mobility Limited has announced that the proceeds from a recent one-time, limited monetisation of a small portion of the promoter’s personal shareholding have been used to repay debt, along with associated interest and charges, with the remaining funds earmarked for payment of applicable taxes on these transactions. Following this repayment, all promoter-level share pledges, representing about 3.93% of the company’s total equity, have been fully released, while the promoter group retains a 34.6% stake in Ola Electric, a move that strengthens the company’s capital structure and underscores its continued strategic focus on building a competitive electric mobility and clean energy business from India.

Ola Electric Launches Hyperdelivery for 4680 Bharat Cell Vehicles

Ola Electric has launched ‘Hyperdelivery’ for its 4680 Bharat Cell powered vehicles, offering same-day registration and delivery in Bangalore. This initiative is part of Ola’s Hyperservice program aimed at providing a seamless customer experience. By moving the vehicle registration process in-house, Ola has streamlined the purchase-to-delivery journey, enhancing convenience for customers. The company’s direct-to-customer and vertically integrated model allows it to offer these services efficiently. These efforts are part of Ola’s broader ‘India Inside’ strategy, focusing on scalable, domestically integrated platforms for EV manufacturing and service.

Ola Electric Launches Mass Deliveries of 4680 Bharat Cell Powered Vehicles

Ola Electric has announced the mass delivery of its S1 Pro+ scooters powered by the indigenously manufactured 4680 Bharat Cell, marking a significant milestone as the first Indian company to fully own the battery pack and cell manufacturing process. This development is expected to enhance Ola’s position in the EV market, offering improved range, performance, and safety, while also supporting India’s ambition to become a global EV hub.

Ola Electric Announces Board Changes with New Independent Director Appointment

Ola Electric Mobility Limited announced the appointment of Mr. Navalur Dattatreya Singh Shashank as a Non-Executive Independent Director, effective December 5, 2025. This change follows the resignation of Mr. Ananth Sankaranarayanan from the same position. The board also approved a revised composition of its committees, including the Stakeholders Relationship Committee and the Audit Committee. These changes are part of Ola Electric’s ongoing efforts to strengthen its governance and strategic direction, potentially impacting its market position and stakeholder relationships.

Ola Electric Announces Board Changes with New Director Appointment

Ola Electric Mobility Limited announced the resignation of Mr. Ananth Sankaranarayanan as a Non-Executive Independent Director, effective December 5, 2025. The board also appointed Mr. Navalur Dattatreya Singh Shashank as an Additional Non-Executive Independent Director. These changes have led to a revised composition of the company’s board committees, reflecting Ola Electric’s ongoing efforts to strengthen its governance structure and strategic direction.

Ola Electric to Host Investor Meeting at Key Facilities

Ola Electric Mobility Limited announced its participation in an upcoming investor and analyst meeting scheduled for December 5, 2025. The meeting will include a site visit to the Ola Futurefactory, Ola Gigafactory, and Ola Battery Innovation Centre, followed by discussions with multiple investors. This engagement is part of Ola Electric’s efforts to showcase its facilities and innovations, potentially strengthening its market position and investor relations.

Ola Electric Secures Shareholder Approval for Fundraising Initiative

Ola Electric Mobility Limited announced that its shareholders have approved a special resolution to raise funds through the issuance of securities. This decision, confirmed through a postal ballot and remote e-voting, signifies a strategic move to bolster the company’s financial resources, potentially enhancing its market position and operational capabilities in the electric vehicle sector.

Ola Electric Launches Test Rides for New Bharat Cell-Powered Vehicles

Ola Electric has started test rides for its new 4680 Bharat Cell-powered vehicles at flagship stores across India, marking a significant advancement in India’s EV sector. The S1 Pro+ is the first product to feature this indigenously manufactured battery pack, offering improved range, performance, and safety. This development highlights Ola Electric’s commitment to technological self-reliance and accelerating sustainable mobility. The company has secured ARAI certification for its battery packs and offers a diverse portfolio of scooters and motorcycles, reinforcing its position in the market.

Ola Electric Refutes Allegations of Technology Leak Amidst Market Expansion

Ola Electric Mobility Limited has addressed recent media reports alleging a technology leak involving its battery innovations, specifically the 4680 Bharat Cell. The company refutes these claims, emphasizing that the alleged pouch cell technology is not part of its research interests. Ola Electric highlights its commitment to innovation with significant investments in R&D and infrastructure, positioning itself as a leader in India’s advanced energy technology sector. The company views these allegations as attempts by foreign competitors to undermine its market position as it scales up production of its indigenous battery technology.

Ola Electric Appoints PwC as Internal Auditors and Approves Financial Results

Ola Electric Mobility Limited announced the appointment of PricewaterhouseCoopers Services LLP as its internal auditors for the financial year 2025-2026. Additionally, the company approved its unaudited standalone and consolidated financial results for the second quarter and half year ended September 30, 2025. This strategic move is expected to enhance the company’s financial oversight and transparency, potentially strengthening its position in the electric vehicle market.

Ola Electric Releases Q2 Shareholders’ Letter

Ola Electric Mobility Limited has released a shareholders’ letter concerning the second quarter ending September 30, 2025. This update, which is also available on the company’s website, provides insights into the company’s recent performance and strategic direction. The announcement is significant for stakeholders as it reflects the company’s ongoing commitment to transparency and its efforts to maintain a strong position in the competitive electric vehicle market.

Ola Electric Achieves Profitability and Expands Market Innovations

Ola Electric Mobility Limited has reported its first profitable quarter for its auto business in Q2 FY26, with a gross margin expansion to 30.7%. This achievement marks a significant milestone in the company’s journey towards sustainable profitability, supported by strong cost management and operational efficiency. The company also launched India’s first residential Battery Energy Storage System and commissioned a Gigafactory, indicating a strategic focus on innovation and capacity expansion. Additionally, Ola Electric’s Roadster sales have grown significantly, and the company has introduced new services to enhance customer experience, positioning itself strongly in the competitive electric vehicle market.

Ola Electric Appoints New Internal Auditor and Reports Financial Results

Ola Electric Mobility Limited has announced the appointment of PricewaterhouseCoopers Services LLP as its internal auditor for the financial year 2025-2026, following the recommendation of its Audit Committee. Additionally, the company has approved its unaudited standalone and consolidated financial results for the second quarter and half-year ended September 30, 2025. These developments are part of Ola Electric’s ongoing efforts to enhance its financial oversight and transparency, potentially strengthening its position in the electric mobility sector.

Ola Electric Releases Q2 2025-26 KPI Data, Highlights Financial Performance

Ola Electric Mobility Limited has released its Key Performance Indicator (KPI) Data Book for the second quarter of the financial year 2025-26. The report highlights a decline in deliveries and revenue from operations compared to previous quarters, with a notable decrease in premium segment deliveries. Despite these challenges, the company has shown improvement in its gross margin percentage, indicating better cost management. The announcement provides stakeholders with insights into the company’s current financial health and operational performance, which may influence investor confidence and strategic decisions moving forward.

Ola Electric Schedules Q2 FY 2025-26 Earnings Call

Ola Electric Mobility Limited announced it will host an earnings conference call on November 6, 2025, to discuss its financial performance for the second quarter and half-year ended September 30, 2025. This event is significant as it provides insights into the company’s financial health and strategic direction, potentially impacting investor confidence and market positioning.

Ola Electric Announces Allotment of Preference Shares to Enhance Capital Structure

Ola Electric Mobility Limited announced the allotment of 25 crore non-cumulative and non-participating 0.001% Series A Optionally Convertible Redeemable Preference Shares (OCRPS) by its wholly-owned subsidiary, Ola Electric Technologies Private Limited. This strategic move, approved at a recent board meeting, involves a total consideration of INR 250 crore and is aimed at enhancing the company’s financial structure through a preferential private placement to Ola Cell Technologies Private Limited. The announcement signifies Ola Electric’s ongoing efforts to optimize its capital structure and strengthen its position in the electric mobility market.

Ola Electric Plans Rs. 1,500 Crore Fundraising to Boost EV Expansion

Ola Electric Mobility Limited’s board has approved a proposal to raise up to Rs. 1,500 crore through the issuance of equity shares and/or convertible securities. This strategic move, subject to shareholder and regulatory approval, is expected to bolster the company’s financial resources, potentially enhancing its competitive position in the electric vehicle sector.

Ola Electric Responds to Media Reports on Employee Incident

Ola Electric Mobility Limited has responded to a news article regarding the booking of its executives following an employee’s suicide. The company expressed condolences and clarified that the employee had not raised any grievances during his tenure. An FIR was filed, but no chargesheet has been issued, and protective orders have been granted in favor of Ola Electric. The company is cooperating with the investigation and has settled dues with the employee’s family. Ola Electric asserts that the incident does not constitute a material event affecting its market position or require disclosure under SEBI regulations.