Ola Electric Mobility Limited (IN:OLAELEC)
:OLAELEC
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Ola Electric Mobility Limited
(OLAELEC)
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Rating:50Neutral
Price Target:
₹44.00
▲(27.91% Upside)
Action:Reiterated
Date:06/04/26
The score is held down primarily by weak financial performance—sharp recent revenue decline, worsening margins with large losses, and sustained negative operating/free cash flow. This is partially offset by strong technical positioning (price above key moving averages with positive momentum), while valuation remains limited due to losses reflected in the negative P/E.
Positive Factors
Balance-sheet cushion
Despite persistent losses, the company retains a sizable equity base and moderate leverage (debt/equity below 1), which provides a structural cushion. This supports access to capital and allows management time to execute turnaround measures without immediate solvency pressure.
Negative Factors
Persistent negative cash flow
Operating cash flow is negative every year and free cash flow is consistently negative, implying the business consumes cash to operate and invest. Persistent cash burn forces reliance on external financing, constrains strategic choices, and increases refinancing risk over months.
Read all positive and negative factors
Positive Factors
Negative Factors
Balance-sheet cushion
Despite persistent losses, the company retains a sizable equity base and moderate leverage (debt/equity below 1), which provides a structural cushion. This supports access to capital and allows management time to execute turnaround measures without immediate solvency pressure.
Read all positive factors
Ola Electric Mobility Limited (OLAELEC) vs. iShares MSCI India ETF (INDA)
Market Cap
₹195.69B
Dividend YieldN/A
Average Volume (3M)3.04M
Price to Earnings (P/E)―
Beta (1Y)1.95
Revenue Growth-50.09%
EPS Growth19.13%
CountryIN
Employees959
SectorConsumer Cyclical
Sector Strength84
IndustryAuto - Manufacturers
Share Statistics
EPS (TTM)-3.10
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)-3.32
Revenue Forecast (FY)₹28.29B
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
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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
Positive
34.40
Price Trends
38.94
Positive
33.19
Positive
40.04
Positive
Market Momentum
1.71
Positive
53.65
Neutral
9.23
Positive
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 below the 20-day moving average (MA) of 42.42, below the 50-day MA of 38.94, and below the 200-day MA of 40.04, indicating a neutral trend. The MACD of 1.71 indicates Positive momentum. The RSI at 53.65 is Neutral, neither overbought nor oversold. The STOCH value of 9.23 is Positive, 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 |
|---|---|---|---|---|---|---|---|
74 Outperform | ₹995.36B | 17.50 | ― | 2.90% | 15.85% | 31.09% | |
70 Outperform | ₹2.81T | 26.20 | ― | 2.31% | 23.36% | 46.63% | |
62 Neutral | ₹3.82T | 4.96 | ― | 3.05% | 24.55% | 32.09% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
57 Neutral | ₹372.28B | -71.69 | ― | ― | ― | ― | |
50 Neutral | ₹195.69B | -10.20 | ― | ― | -50.09% | 19.13% | |
49 Neutral | ₹1.64T | 54.42 | ― | 0.27% | 26.32% | 35.09% |
* Consumer Cyclical Sector Average
IN:OLAELEC
Ola Electric Mobility Limited
42.28
-1.04
-2.40%
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Ola Electric Mobility Limited Corporate Events
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...
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 ...
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.