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Ola Electric Mobility Limited
(OLAELEC)
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Rating:46Neutral
Price Target:
₹39.00
▲(13.37% Upside)
Action:Reiterated
Date:07/01/26
The score is held down primarily by weak financial performance—persistent large losses, negative cash generation, and a recent revenue decline. Technicals provide a partial offset with price trading above major moving averages, while valuation remains constrained by loss-making earnings (negative P/E) and no provided dividend yield.
Positive Factors
Balance-sheet cushion
Moderate leverage and sizable equity give the company structural balance-sheet support to absorb continued losses and fund near-term operations. This reduces immediate refinancing pressure, preserves optionality for strategic investments, and lengthens the runway to execute a path to profitability if cash burn moderates.
Negative Factors
Persistent negative operating cash flow
Consistent operating cash deficits mean the business consumes cash to run and invest, forcing reliance on external funding or equity dilution. Over months this constrains capital allocation to product development, capex and service expansion, and raises structural financing and execution risk if market access tightens.
Read all positive and negative factors
Positive Factors
Negative Factors
Balance-sheet cushion
Moderate leverage and sizable equity give the company structural balance-sheet support to absorb continued losses and fund near-term operations. This reduces immediate refinancing pressure, preserves optionality for strategic investments, and lengthens the runway to execute a path to profitability if cash burn moderates.
Read all positive factors
Ola Electric Mobility Limited (OLAELEC) vs. iShares MSCI India ETF (INDA)
Market Cap
₹186.62B
Dividend YieldN/A
Average Volume (3M)3.04M
Price to Earnings (P/E)―
Beta (1Y)1.97
Revenue Growth-50.09%
EPS Growth19.13%
CountryIN
Employees959
SectorGeneral
Sector StrengthN/A
IndustryAuto - Manufacturers
Share Statistics
EPS (TTM)-4.27
Shares Outstanding4,628,408,000
10 Day Avg. Volume2,059,079
30 Day Avg. Volume3,044,880
Financial Highlights & Ratios
PEG Ratio0.23
Price to Book (P/B)3.00
Price to Sales (P/S)4.46
P/FCF Ratio-7.04
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)-3.26
Revenue Forecast (FY)₹28.90B
Ola Electric Mobility Limited Business Overview & Revenue Model
Company Description
Based in Bengaluru, India, Ola Electric Mobility Limited, established in 2017, focuses on the development, manufacturing, and distribution of electric vehicles across the Indian market. The company's portfolio encompasses electric scooters, vital ...
How the Company Makes Money
OLAELEC primarily makes money by selling electric two-wheelers (electric scooters) to retail customers, with revenue recognized from vehicle sales through its distribution channels. Additional monetization can come from the sale of accessories, sp...
Ola Electric Mobility Limited Financial Statement Overview
Summary
Income Statement
12
Very Negative
Balance Sheet
46
Neutral
Cash Flow
18
Very Negative
| Breakdown | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 22.53B | 45.14B | 50.10B | 26.00B | 3.68B |
| Gross Profit | -5.80B | 8.06B | 5.82B | 105.03M | -1.21B |
| EBITDA | -9.71B | -13.44B | -10.40B | -11.97B | -7.18B |
| Net Income | -18.33B | -22.76B | -15.84B | -14.72B | -7.84B |
Balance Sheet | |||||
| Total Assets | 77.88B | 110.75B | 77.35B | 55.73B | 53.96B |
| Cash, Cash Equivalents and Short-Term Investments | 15.42B | 48.81B | 9.19B | 10.85B | 25.44B |
| Total Debt | 27.63B | 35.56B | 27.10B | 16.96B | 8.04B |
| Total Liabilities | 44.37B | 59.32B | 57.16B | 32.17B | 17.34B |
| Stockholders Equity | 33.51B | 51.43B | 20.19B | 23.56B | 36.61B |
Cash Flow | |||||
| Free Cash Flow | -14.29B | -33.68B | -18.47B | -23.50B | -17.72B |
| Operating Cash Flow | -9.03B | -23.91B | -6.33B | -15.07B | -8.85B |
| Investing Cash Flow | 17.87B | -28.64B | -11.36B | -3.19B | -13.22B |
| Financing Cash Flow | -8.58B | 54.29B | 15.90B | 6.59B | 30.85B |
Ola Electric Mobility Limited Technical Analysis
Neutral
34.40
Price Trends
40.52
Negative
34.87
Positive
38.66
Positive
Market Momentum
-0.23
Positive
40.67
Neutral
6.64
Positive
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 below the 20-day moving average (MA) of 42.35, below the 50-day MA of 40.52, and below the 200-day MA of 38.66, indicating a neutral trend. The MACD of -0.23 indicates Positive momentum. The RSI at 40.67 is Neutral, neither overbought nor oversold. The STOCH value of 6.64 is Positive, 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 (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
74 Outperform | ₹991.12B | 17.00 | ― | 2.90% | 15.85% | 31.08% | |
70 Outperform | ₹2.90T | 26.43 | ― | 2.31% | 23.36% | 46.60% | |
62 Neutral | ₹3.93T | 20.20 | ― | 3.05% | 24.55% | 32.09% | |
56 Neutral | ₹453.30B | -86.84 | ― | ― | ― | ― | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
49 Neutral | ₹1.75T | 56.76 | ― | 0.27% | 26.32% | 35.10% | |
46 Neutral | ₹186.62B | -9.24 | ― | ― | -50.09% | 19.13% |
* General Sector Average
IN:OLAELEC
Ola Electric Mobility Limited
39.45
-2.91
-6.87%
IN:BAJAJ.AUTO
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10,162.80
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24.14%
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Hero Motocorp Limited
4,884.60
612.28
14.33%
IN:M&M
Mahindra & Mahindra Ltd.
3,092.85
-69.22
-2.19%
IN:TVSMOTOR
TVS Motor Company Limited
3,607.00
719.25
24.91%
IN:ATHERENERG
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1,202.95
863.00
253.86%
Ola Electric Mobility Limited Corporate Events
Ola Electric says supplier dispute and media report not materially impacting operations
Jul 8, 2026
Ola Electric Mobility Limited has responded to a stock exchange query after media reports said its shares fell 5% amid claims by two suppliers over unpaid dues. The company clarified it had raised warranty and performance concerns about parts from...
Ola Electric Closes Trading Window Ahead of Quarterly Results
Jun 30, 2026
Ola Electric Mobility Limited, a Bengaluru-based electric mobility company listed on NSE and BSE, develops and markets electric vehicles and associated technologies for the Indian market. The firm operates within India’s expanding clean tran...
Ola Electric Files FY26 Earnings Call Transcript With Stock Exchanges
May 25, 2026
Ola Electric Mobility Limited has submitted to Indian stock exchanges the transcript of its earnings conference call with analysts and investors held on May 20, 2026. The call covered the company’s audited standalone and consolidated financi...
ICRA Revises and Reaffirms Credit Ratings for Ola Electric Subsidiaries
Apr 29, 2026
Ola Electric Mobility Limited has announced that rating agency ICRA has revised and/or reaffirmed the credit ratings of its material wholly owned subsidiaries, Ola Electric Technologies and Ola Cell Technologies. The updated ratings include [ICRA]...
Ola Electric Subsidiary Allots ₹127.64 Crore in Preference Shares to Fellow Unit
Apr 27, 2026
Ola Electric Technologies Private Limited, a material wholly owned subsidiary of Ola Electric Mobility Limited, has approved a fourth tranche allotment of 127.64 million non-cumulative, non-participating 0.001% Series A optionally convertible rede...
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...
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.