OLAELEC

Ola Electric Mobility Limited

Ola Electric Mobility Limited (OLAELEC) financial statements and selected valuation metrics through 30 June 2026.

Consumer Discretionary›Automobile and Auto Components›Automobiles›2/3 Wheelers

olaelectric.com(opens the company website in a new tab)
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Key metrics

Price as of 2026-10-16

Stock price
₹34.99
Market cap
16,193 Cr
Stock P/E
Loss (TTM EPS ₹-3.79)
P/B
4.62
ROE (FY26)
-54.7%
ROCE (FY26)
-25.2%
Operating margin (FY26)
-74.4%
Debt / equity (FY26)
0.74

Full years shown; sign in free for the trailing twelve months. Learn about these metrics →

Price & valuation

Share price and valuation multiples (P/E, P/B and more) over time.

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Compare with peers

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What you need to know

Ola Electric (Ola Electric Mobility) makes electric scooters and motorcycles for riders in India, and also builds its own battery cells, running a vertically integrated factory that it says is scaled to one million vehicles a year.

Company snapshot

6thBy market cap

Ranked among 6 companies in 2/3 Wheelers.

Segment mix

Reportable segments as of 2024-12-31 (Consolidated). Revenue share = segment revenue ÷ total revenue.

Largest segment: 100.0% of revenue

SegmentRevenue shareRevenuePBTAssets
Automotive
100.0%
3,903 Cr-776 Cr—
Cell
0.2%
8 Cr-98 Cr—

What we see

Concerns
  • ✗Net margin is negative — the company is spending more than it earns right now.
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Statement tables · Consolidated

Switches quarterly, P&L, balance sheet, and cash flow. Key metrics and ratios stay on consolidated when available.

Amounts in ₹ Cr · tap + to expand rows

Quarterly results

Quarterly · ₹ Cr · tap + rows to expand

MetricJun 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Jun 2026
Sales1,644 Cr1,214 Cr1,045 Cr611 Cr828 Cr690 Cr470 Cr265 Cr455 Cr
Operating expenses (approx.)1,849 Cr1,593 Cr1,505 Cr1,306 Cr1,065 Cr893 Cr741 Cr546 Cr620 Cr
EBITDA-205 Cr-379 Cr-460 Cr-695 Cr-237 Cr-203 Cr-271 Cr-281 Cr-165 Cr
OPM %-12.5%-31.2%-44.0%-113.7%-28.6%-29.4%-57.7%-106.0%-36.3%
Other income74 Cr100 Cr127 Cr117 Cr68 Cr66 Cr34 Cr39 Cr29 Cr
Interest67 Cr84 Cr93 Cr122 Cr94 Cr109 Cr80 Cr77 Cr73 Cr
Depreciation126 Cr132 Cr138 Cr170 Cr165 Cr172 Cr170 Cr177 Cr127 Cr
Profit before tax-347 Cr-495 Cr-564 Cr-870 Cr-428 Cr-418 Cr-487 Cr-496 Cr-336 Cr
Tax %0.0%0.0%0.0%0.0%0.0%0.0%0.0%-0.8%0.0%
Net profit-347 Cr-495 Cr-564 Cr-870 Cr-428 Cr-418 Cr-487 Cr-500 Cr-336 Cr
EPS (₹)₹-0.95₹-1.20₹-1.28₹-1.97₹-0.97₹-0.95₹-1.10₹-1.13₹-0.75

Profit & loss (annual)

Annual · last column is TTM · ₹ Cr · tap + to expand

MetricMar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales373 Cr2,631 Cr5,010 Cr4,514 Cr2,253 CrSign in free for the trailing twelve months
Operating expenses (approx.)1,174 Cr3,883 Cr6,277 Cr6,253 Cr3,245 CrSign in free for the trailing twelve months
EBITDA-800 Cr-1,252 Cr-1,268 Cr-1,739 Cr-992 CrSign in free for the trailing twelve months
OPM %-214.3%-47.6%-25.3%-38.5%-44.0%Sign in free for the trailing twelve months
Other income83 Cr152 Cr233 Cr418 Cr207 CrSign in free for the trailing twelve months
Interest18 Cr108 Cr187 Cr366 Cr360 CrSign in free for the trailing twelve months
Depreciation49 Cr167 Cr358 Cr566 Cr684 CrSign in free for the trailing twelve months
Profit before tax-784 Cr-1,472 Cr-1,584 Cr-2,276 Cr-1,829 CrSign in free for the trailing twelve months
Tax %———0.0%-0.2%Sign in free for the trailing twelve months
Net profit-784 Cr-1,472 Cr-1,584 Cr-2,276 Cr-1,833 CrSign in free for the trailing twelve months
EPS (₹)₹-2.23₹-3.91₹-4.35₹-5.48₹-4.16Sign in free for the trailing twelve months
Dividend payout %—————Sign in free for the trailing twelve months
Sign in free for the trailing twelve months

The latest four quarters added up, next to each full year

Balance sheet

Annual · ₹ Cr · tap + rows to expand

MetricMar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity capital1,955 Cr1,955 Cr1,955 Cr4,411 Cr4,411 Cr
Reserves1,706 Cr401 Cr64 Cr732 Cr-1,060 Cr
Borrowings750 Cr1,646 Cr2,389 Cr3,043 Cr2,476 Cr
Other liabilities984 Cr1,571 Cr3,327 Cr2,889 Cr1,961 Cr
Total liabilities5,396 Cr5,573 Cr7,735 Cr11,075 Cr7,788 Cr
Fixed assets (net)751 Cr881 Cr1,565 Cr2,050 Cr1,956 Cr
CWIP18 Cr131 Cr419 Cr254 Cr496 Cr
Investments1,102 Cr276 Cr64 Cr40 Cr0 Cr
Inventories284 Cr584 Cr694 Cr784 Cr269 Cr
Trade receivables15 Cr84 Cr158 Cr9 Cr31 Cr
Cash & bank1,235 Cr243 Cr107 Cr339 Cr421 Cr
Other assets1,989 Cr3,374 Cr4,728 Cr7,599 Cr4,615 Cr
Total assets5,396 Cr5,573 Cr7,735 Cr11,075 Cr7,788 Cr

Cash flows

Annual · ₹ Cr · tap + rows to expand · last column includes FCF

MetricMar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from operating activity-885 Cr-1,507 Cr-633 Cr-2,391 Cr-775 Cr
Cash from investing-1,322 Cr-319 Cr-1,136 Cr-2,864 Cr2,002 Cr
Cash from financing3,085 Cr659 Cr1,590 Cr5,429 Cr-1,201 Cr
Net cash flow878 Cr-1,167 Cr-179 Cr174 Cr26 Cr
Free cash flow (OCF − Capex)-1,772 Cr-2,350 Cr-1,845 Cr-3,368 Cr-1,493 Cr

Ratios

MetricMar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROCE %-17.4%-34.1%-31.7%-23.3%-25.2%
ROE %-21.4%-62.5%-78.5%-44.3%-54.7%
Debtor days15121215
Inventory days17785587975
Days payable22210111296190
Cash conversion cycle-30-4-43-16-110
Debt / equity0.200.701.180.590.74
Current ratio3.511.471.011.871.14
Net debt / EBITDA—————