Ola Electric Mobility Q1 FY27 Share Price & Earnings Call Analysis
- Market cap
- ₹17,570 Cr
- ROE
- -43.23%
- Price to sales
- 9.34
- Debt to equity
- 0.82
- 52W high / low
- ₹51.6 / ₹22.8
- Sales growth (5Y)
- 382.67%
- EBITDA margin
- -48.94%
- Net profit margin
- -81.49%
- Promoter holding
- 32.96%
- Sales (last year)
- ₹1,880 Cr
Founded in 2017, Ola Electric Mobility Limited is an electric vehicle company that primarily manufactures electric vehicles and core components for electric vehicles. These components include battery packs, motors, and vehicle frames, all produced at the Ola Futurefactory.[1]
Guidance scorecard · Q1 FY27 call
What Ola Electric Mobility Ltd's management guided
and where it ranks in Automobiles
Automobiles
RevenueQ1 FY27 call
20–40%- Ola Electric expects steady, disciplined growth in sales, revenue, and volumes going forward without formal guidance.
- Q1 FY27 showed a significant recovery with deliveries nearly doubling quarter-on-quarter (~39,200 units) and orders increasing (~44,000).
- Market share grew from 5.1% to 8.4%, outpacing the broader electric two-wheeler market growth of 17%.
- The new multi-channel dealership strategy aims to increase scale meaningfully before Diwali, with the first batch of dealers going live on Janmashtami (4 September).
- Premium product mix and motorcycle portfolio are ramping up, which should help maintain average selling price (ASP) around ₹1.25 lakh.
2 more points from Ola Electric Mobility Ltd's call on revenue
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MarginsQ1 FY27 call
FlatSee what Ola Electric Mobility Ltd said on margins — free account, 30 seconds.
CapexQ1 FY27 call
Planned- The Cell factory's capex cycle is completing this quarter with 6 GWh installed capacity.
- No major capex is foreseen for the foreseeable future beyond the Cell project.
- Capex beyond the Cell project is estimated around ₹30-50 crore/year, with ₹50 crore as a target number.
- Expansion from 6 GWh to 20 GWh prismatic cell capacity is planned for FY27, funded via separate equity in the Cell company, not from the parent.
2 more points from Ola Electric Mobility Ltd's call on capex
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FundraisingQ1 FY27 call
PlannedSee what Ola Electric Mobility Ltd said on fundraising — free account, 30 seconds.
Order bookQ1 FY27 call
Rising- As of Q1 FY27, Ola Electric had approximately 44,000 orders.
- Deliveries in the quarter were about 39,200 units, slightly below orders due to supply constraints.
- Specifically for the Roadster model, deliveries were slightly below orders because of a shortage of 4680 battery cells; pending Roadster orders are expected to be fulfilled over the current and next quarters.
- Strong customer interest was noted with nearly 1,000 people expressing interest in dealer partnerships within days of announcing the new multi-channel strategy.
2 more points from Ola Electric Mobility Ltd's call on the order book
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Ranges are what management guided for revenue growth and margins on the latest earnings call. Not investment advice, and not a forecast of returns.
Potential multibaggers · Q2 FY27
Potential multibaggers in Automobiles
on management's own guidance
- Strong growth2
- Strong growth1
- M & MGood growth3
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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.
Peers
Automobiles companies ranked on guidance
| # | Company | Revenue guided | Margin guided | Market cap | P/E |
|---|---|---|---|---|---|
| 1 | 40%+ | Flat | ₹58,318 Cr | — | |
| 2 | 40%+ | Flat | ₹2,339 Cr | 83.8 | |
| 3 | M & M | 20–40% | Flat | ₹3.63L Cr | 18.9 |
| 4 | 20–40% | Flat | ₹2.00L Cr | 34.4 | |
| 5 | 20–40% | Flat | ₹1.95L Cr | 56.2 | |
| 6 | Ola Electric Mobility LtdThis stock | 20–40% | Flat | ₹17,491 Cr | — |
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Pro shows every company guiding 40%+ revenue growth →Full Automobiles rankingOla Electric Mobility Ltd announcements
All announcements →- OtherNotableOla Electric Mobility files Letter of Offer for ₹999.74 crore rights issue
- Fundraise / allotmentNotableOla Electric Board approves rights issue of ₹9,99,73,61,955 at ₹27 per share
- Fundraise / allotmentNotableOla Electric board sets terms of partly paid-up rights issue up to ₹1,000 crores
- Fundraise / allotmentNotableOla Electric board approves rights issue of up to ₹1,000 crore at ₹27 per share
- Fundraise / allotmentNotableOla Electric Mobility to hold board meeting for Rs. 1,000 crore Rights Issue approval
Financials of Ola Electric Mobility Ltd
Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.
Financials of Ola Electric Mobility Ltd
Quarterly Results
Quarter-by-quarter operating performance
| Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 1,243 | 873 | 1,296 | 1,598 | 1,644 | 1,214 | 1,045 | 611 | 828 | 690 | 470 | 265 |
| Expenses + | 1,461 | 1,308 | 1,597 | 1,910 | 1,849 | 1,593 | 1,505 | 1,306 | 1,065 | 893 | 741 | 546 |
| Operating Profit | -218 | -435 | -301 | -312 | -205 | -379 | -460 | -695 | -237 | -203 | -271 | -281 |
| OPM % | -18% | -50% | -23% | -20% | -12% | -31% | -44% | -114% | -29% | -29% | -58% | -106% |
| Other Income + | 34 | 49 | 71 | 73 | 51 | 100 | 127 | 117 | 68 | 66 | 34 | 39 |
| Interest | 36 | 46 | 43 | 61 | 67 | 84 | 93 | 122 | 94 | 109 | 80 | 77 |
| Depreciation | 47 | 92 | 103 | 116 | 126 | 132 | 138 | 170 | 165 | 172 | 170 | 177 |
| Profit before tax | -267 | -524 | -376 | -416 | -347 | -495 | -564 | -870 | -428 | -418 | -487 | -496 |
| Tax % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 1% |
| Net Profit + | -267 | -524 | -376 | -416 | -347 | -495 | -564 | -870 | -428 | -418 | -487 | -500 |
| EPS in Rs | -1.37 | -2.68 | -1.92 | -2.13 | -1.45 | -1.12 | -1.28 | -1.97 | -0.97 | -0.95 | -1.10 | -1.13 |
Financials of Ola Electric Mobility Ltd
Profit & Loss
Annual income statement trend
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Sales + | 1 | 373 | 2,631 | 5,010 | 4,514 | 2,253 |
| Expenses + | 278 | 1,174 | 3,883 | 6,276 | 6,249 | 3,225 |
| Operating Profit | -277 | -800 | -1,252 | -1,266 | -1,735 | -972 |
| OPM % | -32,228% | -214% | -48% | -25% | -38% | -43% |
| Other Income + | 98 | 83 | 55 | 226 | 391 | 207 |
| Interest | 1 | 18 | 108 | 187 | 366 | 380 |
| Depreciation | 20 | 49 | 167 | 358 | 566 | 684 |
| Profit before tax | -199 | -784 | -1,472 | -1,584 | -2,276 | -1,829 |
| Tax % | 0% | 0% | 0% | 0% | 0% | 0% |
| Net Profit + | -199 | -784 | -1,472 | -1,584 | -2,276 | -1,833 |
| EPS in Rs | -199,230.00 | -4.01 | -7.53 | -8.10 | -5.16 | -4.16 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% |
Financials of Ola Electric Mobility Ltd
Balance Sheet
Capital structure and asset base
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Equity Capital | 0.01 | 1,955 | 1,955 | 1,955 | 4,411 | 4,411 |
| Reserves | 1,971 | -98 | -1,409 | -2,909 | 732 | -1,060 |
| Borrowings + | 42 | 2,608 | 3,505 | 5,684 | 3,556 | 2,763 |
| Other Liabilities + | 100 | 931 | 1,521 | 3,006 | 2,376 | 1,674 |
| Total Liabilities | 2,113 | 5,396 | 5,573 | 7,735 | 11,075 | 7,788 |
| Fixed Assets + | 104 | 1,025 | 1,219 | 2,491 | 3,154 | 3,352 |
| CWIP | 43 | 83 | 507 | 713 | 702 | 496 |
| Investments | 455 | 1,102 | 276 | 64 | 40 | 0 |
| Other Assets + | 1,510 | 3,186 | 3,571 | 4,468 | 7,179 | 3,940 |
| Total Assets | 2,113 | 5,396 | 5,573 | 7,735 | 11,075 | 7,788 |
Financials of Ola Electric Mobility Ltd
Cash Flows
Operating, investing and financing cash movement
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Cash from Operating Activity + | -252 | -885 | -1,507 | -633 | -2,391 | -775 |
| Cash from Investing Activity + | 549 | -1,322 | -319 | -1,136 | -2,864 | 2,002 |
| Cash from Financing Activity + | 3 | 3,085 | 659 | 1,590 | 5,429 | -1,201 |
| Net Cash Flow | 300 | 878 | -1,167 | -179 | 174 | 26 |
| Free Cash Flow | -360 | -1,772 | -2,350 | -1,845 | -3,367 | -1,301 |
| CFO/OP | 90% | 111% | 121% | 49% | 137% | 80% |
Financials of Ola Electric Mobility Ltd
Ratios
Working capital efficiency and return ratios
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Debtor Days | 161 | 15 | 12 | 12 | 1 | 5 |
| Inventory Days | 216 | 83 | 58 | 77 | 63 | |
| Days Payable | 271 | 98 | 112 | 94 | 159 | |
| Cash Conversion Cycle | 161 | -40 | -4 | -43 | -16 | -91 |
| Working Capital Days | -37,922 | -249 | -93 | -120 | -33 | -185 |
| ROCE % | -24% | -30% | -32% | -28% | -20% |
Guidance history
How Ola Electric Mobility Ltd's guidance has moved, call by call
| Call | Revenue | Margins | Capex | Fundraising | Order book |
|---|---|---|---|---|---|
| Q1 FY27 call → | 20–40% | Flat | Planned | Planned | Rising |
| Q4 FY26 call → | 20–40% | Flat | Planned | Planned | Rising |
| Q3 FY26 call → | 10–20% | Up 2%+ | None planned | — | — |
| Q2 FY26 call → | 20–40% | Flat | None planned | — | — |
What management guided on each call, newest first. Not investment advice, and not a forecast of returns.
Momentum score · price trend
18 out of 100 — Cooling
Over the past year its share price has done worse than most of the stocks we track.
| Period | Share price change | Better than … of 1,910 stocks |
|---|---|---|
| Last 12 months | −31.9% | 20% |
| Last 6 months | −3.8% | 47% |
| Last 3 months | −6.9% | 49% |
The price is 73.6% below its all-time high of ₹133.08 (16 Aug 2024). Stocks more than 20% below their peak have their score halved, so 37 became 18.
How we calculate it
“Better than 30%” means that over that period the share price did better than 30 out of every 100 stocks we track (1,910 Indian companies worth ₹500 Cr or more, with at least a year of prices).
The score weighs the longer periods more: 40% × 12-month + 40% × 6-month + 20% × 3-month. For Ola Electric Mobility Ltd: 0.4 × 20 + 0.4 × 47 + 0.2 × 49 = 37, halved to 18 because the price is more than 20% below its all-time high.
Strengthening is 70 and above, Steady 40 to 70, Cooling below 40. Scores are recalculated every night after the market closes.
Full methodology →This describes only how the share price has moved up to 29 Oct 2026, compared with other stocks. It says nothing about the business, and it is not a prediction, a price target or a recommendation to buy or sell.
Continue your research
What Ola Electric Mobility Ltd's management said in earlier quarters
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