Ola Electric Mobility Ltd.

NSE: OLAELEC · 2/3 Wheelers

52W Range₹22 ₹71

Snapshot

Unlock Ola Electric Mobility Ltd.'s vital signs

Growth · Profitability · Valuation · Strength · Conviction

Company Overview

Business

Ola Electric Mobility Limited is an Indian manufacturer specialising in electric two-wheelers and associated components. The company designs and produces electric scooters, battery packs, motors, and vehicle frames, while also providing integrated charging infrastructure.

Business Model

The company generates revenue primarily through the sale of electric scooters and proprietary vehicle components. It further supports its ecosystem by offering charging solutions to its customer base.

Growth Outlook

Growth is driven by the increasing adoption of electric vehicles in India and the expansion of the company's manufacturing and charging infrastructure capabilities.

Key Risks

  • Regulatory and Subsidy Risk. Changes in government policies or the withdrawal of electric vehicle subsidies could negatively impact demand and profit margins.
  • Supply Chain Volatility. Dependence on global supply chains for critical components like battery cells exposes the company to price fluctuations and logistical disruptions.
  • Intense Market Competition. The electric two-wheeler segment in India is highly competitive, with both legacy automotive players and new entrants vying for market share.
  • Technological Obsolescence. Rapid advancements in battery technology and electric powertrain efficiency require continuous R&D investment to remain competitive.

Price

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Key Metrics

REVENUE

₹2,253 Cr

TTM · consolidated

-50.1%YoY

NET PROFIT

₹1,833 Cr

TTM · consolidated

+441.7%YoY

EPS

₹4.15

TTM · consolidated

+384.2%YoY

RETURN ON EQUITY

39.0%

TTM · consolidated

+49.4 ppYoY

RETURN ON CAPITAL EMPLOYED

31.8%

TTM · consolidated

+34.1 ppYoY

P/E

9.6x

Q4 FY26 · consolidated

9.6 vs 104.7x5Y avg

EV/EBITDA

6.9x

Q4 FY26 · consolidated

6.9 vs 55.5x5Y avg

EBITDA MARGIN

127.5%

TTM · consolidated

+118.2 ppYoY

NET PROFIT MARGIN

188.7%

Q4 FY26 · consolidated

+46.3 ppYoY

DEBT TO EQUITY

0.7x

Q4 FY26 · consolidated

+0.15xYoY

Peers · 2/3 Wheelers

CompanyMkt Cap (Cr)P/EEV/EBITDARev Gr YoYEBITDA MgnROEROCE1Y Return
Ola Electric Mobility Ltd.OLAELEC
10,3659.616.85-50.1%127.5%39.0%31.8%-5.7%
TVS Motor Company Ltd.TVSMOTOR
1,65,19256.0923.4126.3%15.0%36.3%28.7%+23.0%
Hero MotoCorp Ltd.HEROMOTOCO
1,05,87017.0712.0715.9%17.1%29.1%33.0%+10.7%
Ather Energy Ltd.ATHERENERG
28,945-147.34-864.62-1.5%-31.3%-15.4%+272.8%
Zelio E-MobilityZELIO
73611.0%
Eraaya LifespaceEBIX
4231.7740.0%26.0%9.0%-59.6%

As of Q4 FY26

Financials