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Ola Electric Mobility Limited
(OLAELEC)
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Rating:42Neutral
Price Target:
₹34.00
▼(-8.28% Downside)
Action:Reiterated
Date:10/28/26
The score is held down primarily by weak financial performance, marked by persistent large losses, negative gross margin in FY2026, and ongoing operating/free cash flow deficits alongside a recent revenue decline. Technical indicators add a modestly negative tilt (negative MACD and below key moving averages), while valuation is constrained by a negative P/E and lack of dividend support.
Positive Factors
Moderate Leverage
Moderate leverage and a sizable equity base provide some financial support while the company works through operating losses. Although debt remains meaningful, a debt-to-equity ratio below 1.0 gives Ola Electric more balance-sheet flexibility than a highly leveraged structure would provide.
Negative Factors
Revenue Contraction
The recent revenue contraction signals weakening commercial momentum after the company’s earlier scaling phase. Continued declines would reduce operating leverage, make fixed costs harder to absorb, and limit the resources available for product development, ecosystem expansion, and market growth.
Read all positive and negative factors
Positive Factors
Negative Factors
Moderate Leverage
Moderate leverage and a sizable equity base provide some financial support while the company works through operating losses. Although debt remains meaningful, a debt-to-equity ratio below 1.0 gives Ola Electric more balance-sheet flexibility than a highly leveraged structure would provide.
Read all positive factors
Ola Electric Mobility Limited (OLAELEC) vs. iShares MSCI India ETF (INDA)
Market Cap
₹175.65B
Dividend YieldN/A
Average Volume (3M)5.91M
Price to Earnings (P/E)―
Beta (1Y)1.97
Revenue Growth-49.16%
EPS Growth26.59%
CountryIN
Employees6,139
SectorGeneral
Sector StrengthN/A
IndustryAuto - Manufacturers
Share Statistics
EPS (TTM)-4.06
Shares Outstanding4,998,681,000
10 Day Avg. Volume4,022,959
30 Day Avg. Volume5,911,164
Financial Highlights & Ratios
PEG Ratio0.22
Price to Book (P/B)2.95
Price to Sales (P/S)4.38
P/FCF Ratio-6.91
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)-2.9
Revenue Forecast (FY)₹25.47B
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 ...
Ola Electric Mobility Limited Financial Statement Overview
Summary
Income Statement
12
Very Negative
Balance Sheet
46
Neutral
Cash Flow
18
Very Negative
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 18.80B | 22.53B | 45.14B | 50.10B | 26.00B | 3.68B |
| Gross Profit | -2.85B | -5.80B | 8.06B | 5.82B | 105.03M | -1.21B |
| EBITDA | -8.15B | -9.71B | -13.44B | -10.40B | -11.97B | -7.18B |
| Net Income | -17.41B | -18.33B | -22.76B | -15.84B | -14.72B | -7.84B |
Balance Sheet | ||||||
| Total Assets | 0.00 | 77.88B | 110.75B | 77.35B | 55.73B | 53.96B |
| Cash, Cash Equivalents and Short-Term Investments | 7.09B | 15.42B | 48.81B | 9.19B | 10.85B | 25.44B |
| Total Debt | 0.00 | 27.63B | 35.56B | 27.10B | 16.96B | 8.04B |
| Total Liabilities | -33.51B | 44.37B | 59.32B | 57.16B | 32.17B | 17.34B |
| Stockholders Equity | 33.51B | 33.51B | 51.43B | 20.19B | 23.56B | 36.61B |
Cash Flow | ||||||
| Free Cash Flow | -13.87B | -14.29B | -33.68B | -18.47B | -23.50B | -17.72B |
| Operating Cash Flow | -8.61B | -9.03B | -23.91B | -6.33B | -15.07B | -8.85B |
| Investing Cash Flow | 19.33B | 17.87B | -28.64B | -11.36B | -3.19B | -13.22B |
| Financing Cash Flow | -10.46B | -8.58B | 54.29B | 15.90B | 6.59B | 30.85B |
Ola Electric Mobility Limited Technical Analysis
Neutral
37.07
Price Trends
36.35
Negative
38.38
Negative
35.21
Negative
Market Momentum
-0.81
Negative
50.36
Neutral
81.07
Negative
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 37.07 is above the 20-day moving average (MA) of 34.51, above the 50-day MA of 36.35, and above the 200-day MA of 35.21, indicating a neutral trend. The MACD of -0.81 indicates Negative momentum. The RSI at 50.36 is Neutral, neither overbought nor oversold. The STOCH value of 81.07 is Negative, 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 |
|---|---|---|---|---|---|---|---|
77 Outperform | ₹1.02T | 17.02 | ― | 3.62% | 27.00% | 13.55% | |
63 Neutral | ₹3.61T | 17.48 | ― | 3.58% | 25.93% | 34.37% | |
61 Neutral | ₹2.85T | 22.11 | ― | 1.45% | 47.85% | 57.37% | |
59 Neutral | ₹2.03T | 53.11 | ― | 0.28% | 34.00% | 46.03% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
48 Neutral | ₹658.16B | -270.85 | ― | ― | ― | ― | |
42 Neutral | ₹175.65B | -8.66 | ― | ― | -49.16% | 26.59% |
* General Sector Average
IN:OLAELEC
Ola Electric Mobility Limited
35.14
-14.95
-29.85%
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Ola Electric Mobility Limited Corporate Events
Ola Electric Launches ₹999.74 Crore Rights Issue to Fund EV Expansion
Oct 7, 2026
Ola Electric Mobility Limited, a Bengaluru-based public company in the electric mobility sector, develops and markets electric vehicles and related mobility solutions for the Indian market. Its equity shares trade on BSE and NSE, and the company i...
Ola Electric Promoter Pledges Shares to Join Rights Issue
Oct 4, 2026
Ola Electric has disclosed that promoter Bhavish Aggarwal has pledged 4.32 percent of his stake in the company to fund his participation in a recently approved rights issue. The pledge, detailed in a company statement to the NSE and BSE, is descri...
Ola Electric Convenes Ninth AGM, Underscoring Governance in EV Push
Sep 30, 2026
Ola Electric Mobility Limited held its ninth Annual General Meeting on September 30, 2026, via video conferencing in line with Indian corporate governance and regulatory requirements. The proceedings were deemed to take place at the company’...
Ola Electric Closes Trading Window Ahead of September Quarter Results
Sep 29, 2026
Ola Electric Mobility Limited has announced that its trading window for dealing in company securities will be closed from October 1, 2026, in line with SEBI’s Prohibition of Insider Trading Regulations and its internal code of conduct. The w...
Ola Electric Forms Rights Issue Committee to Oversee Capital-Raising Plan
Sep 28, 2026
Ola Electric Mobility Limited’s board has approved the constitution of a rights issue committee, formalizing its terms of reference and delegating powers necessary to execute a planned rights issue. The committee will be chaired by Chairman ...
Ola Electric Plans On-Site Analyst Meet at Future Factory and Giga Factory
Sep 14, 2026
Ola Electric Mobility Limited has scheduled an on-site, one-to-one analyst meeting with Emkay Global Financial Services on September 17, 2026, at its Ola Future Factory and Giga Factory, running from 9:00 a.m. to 5:30 p.m., in line with SEBI discl...
Ola Electric Sets Virtual AGM, Releases FY 2025-26 Annual Report
Sep 8, 2026
Ola Electric Mobility Limited has announced that its ninth Annual General Meeting will be held on September 30, 2026, via video conferencing and other audio-visual means, in line with guidelines from the Ministry of Corporate Affairs and SEBI. The...
Ola Electric Opens Bookings for Low-Cost S1Z Scooter as It Rolls Out In-House LFP Battery Tech
Aug 29, 2026
Ola Electric Mobility has launched bookings for its new S1Z electric scooter range, positioned as its most affordable offering with prices starting at ₹79,999, and aimed squarely at India’s mass-market value segment. The S1Z is the fir...
Ola Electric’s Company Secretary and Compliance Officer Abhishek Jain Resigns
Aug 28, 2026
Ola Electric Mobility Limited has announced that Abhishek Jain has resigned from his role as Company Secretary and Compliance Officer, effective at the close of business on August 28, 2026. The company stated that Jain is stepping down to pursue n...
Ola Electric Assigns Top Executives to Oversee Market Disclosures
Aug 28, 2026
Ola Electric Mobility Limited has notified stock exchanges about the designation of specific key managerial personnel responsible for assessing the materiality of events and making regulatory disclosures under SEBI’s Listing Obligations and ...
Ola Electric Heralds New ‘LFP Era’ as Gigafactory Ramp-Up Powers Thousands of EVs
Aug 27, 2026
Ola Electric Mobility Limited has disclosed that its promoter and Chairman Managing Director has used social media to announce the start of the company’s “LFP era,” signaling a strategic focus on lithium iron phosphate battery t...
Ola Electric Launches New Battery Energy Storage Portfolio in India
Aug 15, 2026
Ola Electric Mobility Limited has launched a new Battery Energy Storage System portfolio in India, branded as Ola Shakti, Shakti Rack and Mahashakti. The three products target residential, commercial and industrial, and utility-scale applications ...
Ola Electric Publishes Q1 FY2026 Unaudited Results in Newspapers
Aug 9, 2026
Ola Electric Mobility Limited has notified the National Stock Exchange of India and BSE that it has published newspaper advertisements of its unaudited standalone and consolidated financial results for the first quarter ended June 30, 2026. The re...
Ola Electric Files Q1 FY27 Monitoring Reports on IPO and QIP Proceeds
Aug 7, 2026
Ola Electric Mobility Limited has submitted monitoring agency reports for the quarter ended June 30, 2026, covering the use of proceeds from its initial public offering and qualified institutional placement. ICRA Limited monitors the IPO proceeds,...
Ola Electric Schedules Q1 FY27 Earnings Call with Investors
Aug 4, 2026
Ola Electric Mobility Limited has announced that it will host an earnings conference call with analysts and investors on August 7, 2026, to discuss its unaudited standalone and consolidated financial results for the first quarter ended June 30, 20...
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.