āagman

Ola Electric Mobility Ltd

NSE: OLAELEC
₹33.05
−₹1.44 (−4.18%)
NSE · 21 Oct 2026, close
NSE
As of 31 Mar 2026
Market Cap
₹17,490 Cr
CMP
₹33.05
52-wk High / Low
₹49 / 22
P/B
5.0
Book Value
₹7.0
Div Yield
0.00%
ROCE
−20.0%
ROE
−43.2%
Face Value
₹10
D/E
0.82

Price−23.2% over 1Y

āagman read

Computed by āagman
Derived from 6 years and 13 quarters of filings. Not reported by the company.
As of 21 Oct 2026
How we compute these
Piotroski F-Score
3
/ 9
3 of 9 F-score tests passed
ROIC
−27.2%
vs 11.5% sector median
Margin change
−764
bps OPM YoY
Operating margin vs the same quarter last year
ROE stability
96.5
pp σ
Standard deviation of ROE across periods. Lower = more stable
Holder deltas
QoQ
pp
Prom −1.63FII +0.11DII +5.15
Latest quarter vs the previous one
Cash-accrual divergence
−11.2%
of assets
Low = accruals track cash flow
Strengths
Watch-outs
−Latest ROCE of -20% trails the sector median of 18.5%
−Price trades below its 200-day moving average (0.9x)
−Price is 32.6% below its 52-week high
−Annualised volatility of 76.3% is in the high band (≥45%)
−Promoter holding fell by 3.8pp over the last year
−Piotroski F-Score of 3/9 is in the weak band (≤3)

Peer comparison

Peers
NameP/EMar Cap ₹ CrROCE %ROE %

Quarterly results

Consolidated basis (as filed) · ₹ Cr · 13 quarters
As of 30 Jun 2026
Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales1,2438731,2961,5981,6441,2141,045611828690470265455
Expenses1,4611,3081,5971,9101,8491,5931,5051,3061,065893741546620
Operating Profit−218−435−301−312−205−379−460−695−237−203−271−281−165
OPM %−17.5%−49.8%−23.2%−19.5%−12.5%−31.2%−44.0%−113.7%−28.6%−29.4%−57.7%−106.0%−36.3%
Other Income34497173511001271176866343929
Interest3646436167849312294109807773
Depreciation4792103116126132138170165172170177127
Profit before tax−267−524−376−416−347−495−564−870−428−418−487−496−336
Net Profit−267−524−376−416−347−495−564−870−428−418−487−500−336
EPS (₹)−1.26−2.48−1.78−1.97−1.34−1.04−1.18−1.83−0.90−0.88−1.02−1.05−0.67

Profit & Loss

As of 30 Jun 2026
Consolidated · ₹ Cr · 6 years + TTM
Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales13732,6315,0104,5142,2531,880
Expenses2781,1743,8836,2766,2493,2312,800
Operating Profit−277−800−1,252−1,266−1,735−978−920
OPM %−27,700.0%−214.5%−47.6%−25.3%−38.4%−43.4%−48.9%
Other Income988355226391193168
Interest118108187366360339
Depreciation2049167358566684646
Profit before tax−199−784−1,472−1,584−2,276−1,829−1,737
Net Profit−199−784−1,472−1,584−2,276−1,833−1,741
EPS (₹)—−3.71−6.97−7.50−4.78−3.85−3.62

Balance Sheet

As of 30 Jun 2026
Consolidated · ₹ Cr
Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026Jun 2026
Equity Capital01,9551,9551,9554,4114,411—
Reserves1,971−98−1,409−2,909732−1,060—
Borrowings422,6083,5055,6843,5562,763—
Other Liabilities1009311,5213,0062,3761,674—
Total Liabilities2,1135,3965,5737,73511,0757,788—
Fixed Assets1041,0251,2192,4913,1542,781—
CWIP43835077137021,067—
Investments4551,10227664400—
Other Assets1,5103,1863,5714,4687,1793,940—
Total Assets2,1135,3965,5737,73511,0757,788—

Cash Flows

As of 31 Mar 2026
Consolidated · ₹ Cr
Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity−252−885−1,507−633−2,391−775
Cash from Investing Activity549−1,322−319−1,136−2,8642,002
Cash from Financing Activity33,0856591,5905,429−1,201
Net Cash Flow300878−1,167−17917426

Ratios

As of 31 Mar 2026
6 periods
Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROCE %—−24.0−30.0−32.0−28.0−20.0
ROE %—————−43.2
EPS (₹)—−3.71−6.97−7.50−4.78−3.62
Book Value (₹)—————7.0
Face Value (₹)—————10
P/E——————
Div Yield %—————0.00
NPM %−201.0−171.9−54.8−30.3−46.4−74.9
OPM %—−214.0−48.0−25.0−38.0−43.0
D/E0.021.406.42—0.690.82
P/B—————5.0

Growth

As of 18 Oct 2026
Compounded sales growth
5 years+383.0%
3 years−5.0%
TTM−49.0%
Compounded profit growth
3 years−12.0%
TTM+26.0%
Stock price CAGR
Last year−38.0%
Return on equity
Last year−43.0%

Shareholding pattern

As of 30 Jun 2026
Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters36.78%36.78%36.78%36.78%36.78%34.59%34.59%32.96%
FIIs4.18%2.11%2.89%4.47%3.24%4.08%4.00%4.11%
DIIs5.16%4.55%2.93%2.87%6.78%7.28%7.01%12.16%
Government————————
Public48.41%51.25%52.14%50.70%48.33%49.21%49.64%46.26%
No. of shareholders14,25,35215,69,43616,72,13016,72,49219,37,91619,91,26119,53,65819,44,870
Change since Sep 2024 (pp)
Promoters −3.82FIIs −0.07DIIs +7.00Public −2.15

Documents

As of 18 Oct 2026
Announcements
Announcement under Regulation 30 (LODR)-Newspaper PublicationCompliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018DISCLOSURE OF SOCIAL MEDIA COMMUNICATION BY THE PROMOTER AND CHAIRMAN & MANAGING DIRECTOR(CMD)Submission Of Letter Of Offer For Rights Issue Of Partly Paid-Up Equity Shares Of Ola Electric Mobility LimitedCompany Statement Dated October 07, 2026
Annual reports
Annual Report 2026Annual Report 2025
Concalls
Aug 2026TranscriptAug 2026PPTAug 2026RecordingMay 2026TranscriptMay 2026PPTMay 2026RecordingFeb 2026TranscriptFeb 2026TranscriptFeb 2026PPTFeb 2026RecordingNov 2025TranscriptNov 2025PPTNov 2025Recording

Corporate actions

As of 13 Oct 2026
13 Oct 2026RIGHTSRights 2:25 @ Premium Rs 17/-—
Fundamentals from a third-party compiler of exchange filings; prices from the exchanges.© 2026 āagman