Zelio E-Mobility Q4 FY26 Share Price & Earnings Call Analysis
- Market cap
- ₹2,241 Cr
- P/E
- 80.31
- ROE
- 40.47%
- PEG
- 0.73
- Price to sales
- 7.40
- Debt to equity
- 0.17
- 52W high / low
- ₹1,150 / ₹232
- EBITDA margin
- 11.33%
- Net profit margin
- 9.20%
- Promoter holding
- 72.77%
- Sales (last year)
- ₹303 Cr
Zelio E-Mobility is primarily engaged in the business of manufacturing, assembling and supplying of electric vehicles, offering a range of electric two-wheelers (E-2Ws) and three-wheelers (3Ws), available in a variety of design, color, speed variants etc.(Source : 202503 Annual Report Page No:26)
Guidance scorecard · Q4 FY26 call
What Zelio E-Mobility Ltd's management guided
and where it ranks in Automobiles
Automobiles
RevenueQ4 FY26 call
40%+- 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).
2 more points from Zelio E-Mobility Ltd's call on revenue
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MarginsQ4 FY26 call
FlatSee what Zelio E-Mobility Ltd said on margins — free account, 30 seconds.
CapexQ4 FY26 call
Planned- 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.
2 more points from Zelio E-Mobility Ltd's call on capex
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FundraisingQ4 FY26 call
See what Zelio E-Mobility Ltd said on fundraising — free account, 30 seconds.
Order bookQ4 FY26 call
Ask what Zelio E-Mobility Ltd said on the order book →
Full Q4 FY26 analysisRanges 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
- 2
- 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 | Zelio E-Mobility LtdThis stock | 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 | 20–40% | Flat | ₹17,491 Cr | — |
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Pro shows every company guiding 40%+ revenue growth →Full Automobiles rankingZelio E-Mobility Ltd announcements
All announcements →- Fundraise / allotmentNotableZelio E-Mobility seeks EGM approval for related-party deals and preferential issues
Financials of Zelio E-Mobility Ltd
Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.
Financials of Zelio E-Mobility Ltd
Quarterly Results
Quarter-by-quarter operating performance
Financials of Zelio E-Mobility Ltd
Profit & Loss
Annual income statement trend
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|
| Sales + | 13 | 51 | 94 | 172 | 230 |
| Expenses + | 11 | 47 | 85 | 151 | 203 |
| Operating Profit | 2 | 4 | 9 | 21 | 27 |
| OPM % | 12% | 8% | 9% | 12% | 12% |
| Other Income + | 0 | 0 | 0 | 2 | 2 |
| Interest | 0 | 0 | 1 | 2 | 2 |
| Depreciation | 0 | 0 | 1 | 1 | 1 |
| Profit before tax | 2 | 4 | 8 | 19 | 25 |
| Tax % | 18% | 17% | 17% | 17% | |
| Net Profit + | 1 | 3 | 6 | 16 | 21 |
| EPS in Rs | 423.33 | 1,020.00 | 2,103.33 | 9.69 | 12.57 |
| Dividend Payout % | 0% | 0% | 0% | 0% |
Financials of Zelio E-Mobility Ltd
Balance Sheet
Capital structure and asset base
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|
| Equity Capital | 0.03 | 0.03 | 0.03 | 17 | 17 |
| Reserves | 1 | 4 | 11 | 10 | 22 |
| Borrowings + | 4 | 10 | 14 | 31 | 27 |
| Other Liabilities + | 4 | 2 | 4 | 8 | 17 |
| Total Liabilities | 9 | 15 | 29 | 66 | 83 |
| Fixed Assets + | 0 | 1 | 8 | 8 | 8 |
| CWIP | 0 | 4 | 1 | 4 | 8 |
| Investments | 0 | 0 | 0 | 0 | 0 |
| Other Assets + | 8 | 11 | 20 | 54 | 66 |
| Total Assets | 9 | 15 | 29 | 66 | 83 |
Financials of Zelio E-Mobility Ltd
Cash Flows
Operating, investing and financing cash movement
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|
| Cash from Operating Activity + | -3 | -1 | 1 | -10 |
| Cash from Investing Activity + | -0 | -4 | -5 | -5 |
| Cash from Financing Activity + | 4 | 5 | 3 | 15 |
| Net Cash Flow | 0 | 0 | -0 | 0 |
| Free Cash Flow | -4 | -5 | -4 | -14 |
| CFO/OP | -186% | -10% | 25% | -28% |
Financials of Zelio E-Mobility Ltd
Ratios
Working capital efficiency and return ratios
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|
| Debtor Days | 7 | 7 | 6 | 10 |
| Inventory Days | 246 | 56 | 64 | 87 |
| Days Payable | 72 | 7 | 13 | 9 |
| Cash Conversion Cycle | 182 | 56 | 57 | 88 |
| Working Capital Days | 65 | 25 | 32 | 43 |
| ROCE % | 44% | 45% | 52% |
Guidance history
How Zelio E-Mobility Ltd's guidance has moved, call by call
| Call | Revenue | Margins | Capex | Fundraising | Order book |
|---|---|---|---|---|---|
| Q4 FY26 call → | 40%+ | Flat | Planned | — | — |
| Q2 FY26 call → | 40%+ | Flat | Planned | — | Rising |
What management guided on each call, newest first. Not investment advice, and not a forecast of returns.
Momentum score · price trend
98 out of 100 — Strengthening
Over the past year its share price has done better than most of the stocks we track.
| Period | Share price change | Better than … of 1,910 stocks |
|---|---|---|
| Last 12 months | +240.3% | 99% |
| Last 6 months | +119.4% | 98% |
| Last 3 months | +38.7% | 94% |
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 Zelio E-Mobility Ltd: 0.4 × 99 + 0.4 × 98 + 0.2 × 94 = 98.
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 Zelio E-Mobility Ltd's management said in earlier quarters
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