Zelio E-Mobility Ltd Q4 FY26 Results & Concall Highlights: Revenue, Margins & Order Book
Published 14 Jun 2026 | Automobiles | Market Cap: ₹1.7K Cr
FY27 sales volume target: More than 125,000 units (up from 70,000 in FY26). Zelio aims to maintain and grow profitability alongside expansion, focusing on stable margins despite increased marketing spend.
From Zelio E-Mobility Ltd's Q4 FY26 earnings-call transcript · updated 23 Aug 2026.
Price
₹866
Market Cap
₹1.7K Cr
P/E Ratio
59.2
Revenue Rank
Margin Rank
How does Zelio E-Mobility Ltd rank in Automobiles?
Compare Zelio E-Mobility Ltd against every Automobiles company this quarter on revenue, margins and earnings-call signals.
📊 Revenue & Sales Performance
Rank 1- →FY27 sales volume target: More than 125,000 units (up from 70,000 in FY26).
- →Three-wheeler sales in FY26 were 800 units; targeted to exceed 2,000 units in FY27 with new Patan plant operational.
- →Dealer network planned to expand from 400+ to over 550 dealers in FY27, with 100-150 new dealers added.
- →Revenue growth has been strong, with FY26 consolidated revenue at INR 313 crores (81.8% growth YoY).
- →Expectation to achieve more than 20-30% market share in the low-speed EV segment within 2-3 years.
- →Capacity expansion ongoing (Haryana: 120,000, Odisha: 60,000, new Coimbatore plant adds 60,000 annually).
- →Revenue CAGR since inception has been approximately 121%.
- →Company focuses on increasing sales via geographic expansion and adding new models catering to different customer segments.
📈 Profitability & Margins
Rank 3- →Zelio aims to maintain and grow profitability alongside expansion, focusing on stable margins despite increased marketing spend.
- →The company achieved INR28.39 crores PAT in FY26, with a net margin of 9.1%, and EBITDA margin of 12.2%, which they expect to keep stable.
- →Profit After Tax (PAT) CAGR has been approximately 124% since FY23, indicating strong profit growth historically.
- →Expansion from 72,000 to 240,000 units capacity in one year supports revenue and profit growth.
- →No intention to reduce margins for branding; marketing expenses are managed to avoid impacting EBITDA or PAT CAGR.
- →FY27 volume guidance is over 125,000 units, with expected revenue and profit growth in line with unit sales.
- →Stable tax rate of 17% expected for next 5 years, supporting predictable net earnings.
- →Overall, Zelio anticipates continued robust profit and EPS growth with operational leverage as scale increases.
🏗️ Capital Expenditure Plans
Yes- →Zelio commissioned the Coimbatore plant in July 2026, targeting South India as a fully dedicated revenue corridor.
- →The Patan plant was commissioned to scale the electric three-wheeler business, a new product category.
- →Investment focus includes R&D, range enhancement, battery upgrades, and connected vehicle features.
- →The company plans to expand dealer network to 550+ dealers across 25+ states with focused activation in South India and Northeast.
- →Funds raised in last year's IPO were majorly allocated for plant and machinery specific to the three-wheeler segment.
- →Future plans include bigger plants beyond Coimbatore, contingent on achieving sales projections.
- →The company is moving towards indigenous production, aiming for 70%-80% "Make in India" vehicles by 2027, with fabrication in-house after three-wheeler plant starts.
💰 Fundraising & Capital Structure
No information- →No explicit mention of current or future fundraising through debt or equity in the provided transcript.
- →The company highlights a strong balance sheet with a low debt-to-equity ratio of 0.18x as of FY26.
- →The company emphasizes disciplined capital allocation and substantial firepower to fund expansion without stretching the balance sheet.
- →IPO proceeds have been utilized for expansion, including new plants for two-wheelers and three-wheelers.
- →No mention of plans for raising fresh debt or equity in the near future.
- →Focus seems to be on organic growth funded by existing resources and operational cash flow.
📋 Order Book & Pipeline
No informationKey Metrics
Revenue
Margin
Capex
Fundraise
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Frequently Asked Questions
What were Zelio E-Mobility Ltd Q4 FY26 results?
FY27 sales volume target: More than 125,000 units (up from 70,000 in FY26). Zelio aims to maintain and grow profitability alongside expansion, focusing on stable margins despite increased marketing spend.
What is Zelio E-Mobility Ltd share price analysis?
Zelio E-Mobility Ltd currently shows a strong growth signal based on ranking data. The stock trades at a P/E of 59.2 with a market cap of ₹1,659 Cr. Investors should review the full earnings analysis for detailed insights.
Is Zelio E-Mobility Ltd planning capital expenditure?
Zelio commissioned the Coimbatore plant in July 2026, targeting South India as a fully dedicated revenue corridor.
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This analysis is AI-generated based on publicly available earnings data and concall transcripts. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.