Ola Electric Mobility Ltd
OLAELECOla Electric Mobility Ltd
OLAELECPrice Chart
Scorecard
Performance
LowHasn't fared well - amongst the low performers
Valuation
HighSeems to be overvalued vs the market average
Growth
AvgFinancials growth has been moderate for a few years
Profitability
AvgAverage profitability - not good, not bad
Entry point
AvgThe stock is not in the overbought zone
Red flags
LowNo red flag found
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Key Metrics
No LabelNo Label | PB RatioPB Ratio | Dividend YieldDiv. Yield |
---|---|---|
— | 16.69 | — |
Sector PESector PE | Sector PBSector PB | Sector Div YldSctr Div Yld |
---|---|---|
38.75 | 6.75 | 0.49% |
Forecast & Ratings
Detailed Forecast from 5 analysts
Price
Price Upside
Earnings
Earnings Growth
Revenue
Rev. Growth
Company Profile
Ola Electric Mobility is an India-based company, which manufactures electric two wheelers .
Peers
Compare with peersBajaj Auto Limited
TVS Motor Company Ltd
Hero MotoCorp Ltd
Maharashtra Scooters Ltd
Wardwizard Innovations & Mobility Ltd
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Forecasts
Price
Revenue
Earnings
Price Forecast
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Revenue Forecast
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Earnings Per Share Forecast
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Income
Balance Sheet
Cash Flow
Income Statement
Financial Year | FY 2021 | FY 2022 | FY 2023 | FY 2024 | TTM | |||||
---|---|---|---|---|---|---|---|---|---|---|
Total Revenue | 106.08 | 456.26 | 2,782.70 | 5,243.27 | — | |||||
Raw Materials | 0.00 | 641.12 | 2,644.05 | 4,460.66 | — | |||||
Power & Fuel Cost | 0.95 | 4.70 | 16.40 | 37.24 | ||||||
Employee Cost | 197.25 | 282.48 | 426.73 | 438.87 | ||||||
Selling & Administrative Expenses | 58.06 | 281.89 | 730.69 | 1,152.16 | ||||||
Operating & Other expenses | 28.64 | -36.38 | 161.93 | 194.53 | ||||||
EBITDA | -178.82 | -717.55 | -1,197.10 | -1,040.19 | — | |||||
Depreciation/Amortization | 19.62 | 48.98 | 167.06 | 357.64 | — | |||||
PBIT | -198.44 | -766.53 | -1,364.16 | -1,397.83 | — | |||||
Interest & Other Items | 0.79 | 17.62 | 107.92 | 186.57 | — | |||||
PBT | -199.23 | -784.15 | -1,472.08 | -1,584.40 | — | |||||
Taxes & Other Items | 0.00 | 0.00 | 0.00 | 0.00 | — | |||||
Net Income | -199.23 | -784.15 | -1,472.08 | -1,584.40 | — | |||||
EPS | -1.02 | -4.02 | -7.53 | -8.10 | — | |||||
DPS | 0.00 | 0.00 | 0.00 | — | — | |||||
Payout ratio | 0.00 | 0.00 | 0.00 | 0.00 | — |
Company Updates
Peers & Comparison
Consumer DiscretionaryTwo Wheelers
Valuation
Technical
Forecast
Stock | PE RatioPE Ratio | PB RatioPB Ratio | Div. YieldDividend Yield |
---|---|---|---|
Ola Electric Mobility Ltd | -21.28 | 16.69 | — |
Bajaj Auto Limited | 35.63 | 9.48 | 0.81% |
TVS Motor Company Ltd | 70.19 | 15.76 | 0.32% |
Hero MotoCorp Ltd | 26.64 | 5.59 | 2.81% |
Price Comparison
Compare OLAELEC with any stock or ETFShareholdings
Promoter Holdings Trend
Institutional Holdings Trend
No institutional holdings trend are available
Shareholding Pattern
Dec 2023
Aug 2024
Sep 2024
Shareholding History
Mutual Funds Holding Trend
No mutual funds holding trends are available
Top 5 Mutual Funds holding Ola Electric Mobility Ltd
Funds (Top 5) | The rupee value of the stock held by the fund divided by the stock’s market cap Market-cap held | Percentage of the fund’s portfolio invested in the stock Weight | Change in the portfolio weight of the stock over the last 3 months 3M holding change | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months Portfolio rank(3M change) |
---|---|---|---|---|
Mirae Asset Large & Midcap Fund - Growth - Direct Plan Growth | The rupee value of the stock held by the fund divided by the stock’s market cap 0.8814% | Percentage of the fund’s portfolio invested in the stock 0.73% | Change in the portfolio weight of the stock over the last 3 months 0.73% | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months 77/104 (+20) |
Mirae Asset ELSS Tax Saver Fund - Growth - Direct Plan Growth | The rupee value of the stock held by the fund divided by the stock’s market cap 0.7594% | Percentage of the fund’s portfolio invested in the stock 0.98% | Change in the portfolio weight of the stock over the last 3 months 0.98% | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months 63/98 (+29) |
SBI FUNDS MANAGEMENT PVT LTD#SBI MF-SBI CONTRA FUND DIRECT PL GROWTH Growth | The rupee value of the stock held by the fund divided by the stock’s market cap 0.6156% | Percentage of the fund’s portfolio invested in the stock 0.53% | Change in the portfolio weight of the stock over the last 3 months 0.53% | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months 91/113 (+16) |
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Events
Dividend Trend
No Dividends
OLAELEC has not given any dividends in last 5 years
Dividends
Corp. Actions
Announcements
Legal Orders
Dividends
Ola Electric announced the launch of the groundbreaking Ola Digital Twin platform to transform manufacturing processes and product development lifecycle. Developed on the NVIDIA Omniverse, the Ola Digital Twin platform seamlessly integrates Krutrim AI and NVIDIA technologies along with other advanced simulation tools and IoT platforms to create comprehensive digital twin environments that fast-track the planning of Ola Electric's manufacturing facilities and optimise equipment layouts, product development lifecycles, and the building of computer vision-based quality-inspection systems. The platform also leverages physically accurate simulations and generative AI for tasks ranging from kinematics simulations to generating synthetic image data for training autonomous mobile robots (AMRs) and robotic arms. By integrating NVIDIA Omniverse ' a platform of application programming interfaces (APIs), software development kits and services that enable developers to harness Universal Scene Description (OpenUSD) for physical AI ' as well as NVIDIA Isaac Sim ' a reference simulation platform built on Omniverse for designing and testing robots ' Ola Electric has achieved over 20% faster time to market from design to commissioning, for manufacturing operations at its Futurefactory. Ola Electric has also leveraged Ola Digital Twin in its autonomous robotic weld lines at the Futurefactory, to simulate the welding processes and quality inspection systems. This enables virtual deployment and testing of changes before implementing them in the physical world. Developers at Ola use Ola Digital Twin's generative AI capabilities and NVIDIA Omniverse APIs to generate synthetic assets, including lighting, environmental scenes, objects and defects, which help accelerate perception AI model training from months to weeks, while accounting for scenarios otherwise impossible to safely replicate in the real world. The platform also features thermal simulation capabilities for building next-generation OLA Krutrim data centers and liquid-cooling infrastructure. n addition to this, Ola Consumer is using NVIDIA Isaac Sim to train its robot pick-and-place applications for complex stock-keeping units in its automated dark stores. The robots are trained in virtual simulations to handle complex operations in a dynamic, automated environment autonomously. Powered by Capital Market - Live
Ola Electric has kickstarted the festive season on a strong note and cemented its market leadership further in the EV 2W segment. According to the Vahan portal, the company has recorded over 15,672 registrations this month (as on October 14) with an impressive market share of 34 percent on the back of its wide S1 portfolio of scooters and the rapidly expanding service network. The company aims to continue the momentum for the rest of the festive season leading up to Diwali, spearheading India's transition towards electric mobility in the 2W segment. With a clear vision to deepen EV penetration in tier-2 and tier-3 cities and enhance the after-sales and ownership experience, Ola Electric announced a series of initiatives in the past few weeks. The company kickstarted #HyperService campaign with a focus on delivering a technology-led, best-in-class after-sales experience. As part of the campaign, the company will double its company-owned service network to 1,000 centres by December 2024. Additionally, as part of its Network Partner Program, the company will onboard 10,000 partners across sales and service by the end of 2025. The company also announced its EV Service Training Program with the aim of training 1 lakh third-party mechanics to make every mechanic EV-ready across India. Ola Electric offers an expansive S1 portfolio with six offerings across attractive price points catering to customers with different range requirements. While the premium offerings S1 Pro and S1 Air are priced at Rs 1,34,999 and Rs 1,07,499, respectively, the mass market offerings include S1 X portfolio (2 kWh, 3 kWh, and 4 kWh) priced at Rs 74,999, Rs 87,999, and Rs 101,999, respectively. At its annual 'Sankalp' event in August 2024, the company announced the launch of its Roadster motorcycle series, comprising Roadster X (2.5 kWh, 3.5 kWh, 4.5 kWh), Roadster (3.5 kWh, 4.5 kWh, 6 kWh), and Roadster Pro (8 kWh, 16 kWh). The motorcycles offer many segment-first technology and performance features, with their prices starting from Rs 74,999, Rs 1,04,999, and Rs 1,99,999, respectively.Powered by Capital Market - Live
The key equity indices traded with minor gains in early trade. The Nifty traded above the 24,800 level. Media, bank and financial services shares advanced while metal, IT and auto stocks declined. At 09:28 IST, the barometer index, the S&P BSE Sensex rose 112.26 points or 0.14% to 81,162.26. The Nifty 50 index added 19.80 points or 0.08% to 24,815.55. The broader market underperformed the frontline indices. The S&P BSE Mid-Cap index fell 0.22% and the S&P BSE Small-Cap index shed 0.03%. The market breadth was positive. On the BSE, 1,718 shares rose and 1,309 shares fell. A total of 116 shares were unchanged. Foreign portfolio investors (FPIs) sold shares worth Rs 8,293.41 crore, while domestic institutional investors (DIIs) were net buyers to the tune of Rs 13,245.12 crore in the Indian equity market on 7 October 2024, provisional data showed. Stocks in Spotlight: Ola Electric Mobility added 1.50%. The company has been served a notice by Central Consumer Protection Authority for alleged violation of consumer rights, misleading advertisement and unfair trade practices. Tata Motors declined 2.87% after the company reported JLR retail sales stood at 103,000 units in Q2 FY25, a decline of 3% YoY. Production was recorded at 86,000 units in Q2 FY25, down 7% from the previous year, primarily due to disruptions in aluminium supply reported in first quarter. Wholesales also decreased totaling 87,303 units, 10% YoY drop. Despite these challenges, production and wholesale volumes are expected to recover strongly in the Q2 FY25. Sobha slipped 2.76%. The company sold a new area of 0.93 million square feet (Sq.ft), generating a sales value of Rs 1,179 crore, with average price realisation of Rs 12,674 per Sq.ft during the second quarter of FY25. Numbers to Track: The yield on India's 10-year benchmark federal paper shed 0.37% to 6.941 as compared with previous close 6.967. In the foreign exchange market, the rupee edged lower against the dollar. The partially convertible rupee was hovering at 83.9450, compared with its close of 83.0000 during the previous trading session. MCX Gold futures for 4 December 2024 settlement fell 0.20% to Rs 75,892. The US Dollar index (DXY), which tracks the greenback's value against a basket of currencies, was down 0.13% to 102.40. The United States 10-year bond yield declined 0.63% to 4.006. In the commodities market, Brent crude for December 2024 settlement lost $1.28 or 1.58% to $79.65 a barrel. Global Markets: Most Asian shares tumbled on Tuesday. However, Chinese stocks surged as trading resumed after a week-long break, buoyed by recent stimulus measures from Beijing. Officials are scheduled to provide further details on these measures later today. In contrast, other Asian indices followed Wall Street's downward trend. U.S. stocks fell sharply on Monday as investors anticipated a smaller rate cut from the Federal Reserve due to a stronger-than-expected U.S. jobs report. The major U.S. indexes suffered significant losses on Monday. The Dow Jones Industrial Average fell 0.94%, the S&P 500 dropped 0.96%, and the NASDAQ Composite lost 1.18%. Fears of an escalating Middle East conflict also dampened risk appetite. Meanwhile, the impending landfall of Hurricane Milton, following on the heels of Hurricane Helene, added further anxiety. US tech stocks witnessed a sharp decline. Google's parent company, Alphabet Inc., faced pressure after being ordered to restructure its Android app store. Additionally, negative analyst comments on Amazon and Apple triggered selling in these tech giants. The release of the minutes from the September Federal Reserve meeting, scheduled for Wednesday, will be closely monitored. These minutes will offer insights into the Fed's future rate cut strategy. Thursday's consumer price index data is another key event. Investors will be looking for signs of persistent inflation, which could influence the Fed's monetary policy decisions.Powered by Capital Market - Live
Securities in F&O ban: Bandhan Bank, Birlasoft, Gujarat Narmada Valley Fertillisers & Chemicals, Granules India, Hindustan Copper IDFC First Bank, Manapurram Finance, Punjab National Bank & RBL Bank. Stocks to watch: Ola Electric Mobility has been served a notice by Central Consumer Protection Authority for alleged violation of consumer rights, misleading advertisement and unfair trade practices. Hi-Tech Pipes opens its QIP and set the floor price at Rs 194.98 per share. Tata Motors reported retail sales of 103,000 units, a decline of 3% YoY in Q2 FY25. Production was recorded at 86,000 units in Q2 FY25, down 7% from the previous year, primarily due to disruptions in aluminium supply reported in first quarter. Wholesales also decreased totaling 87,303 units, 10% YoY drop. Despite these challenges, production and wholesale volumes are expected to recover strongly in the Q2 FY25. Sobha sold a new area of 0.93 million square feet (Sq.ft), generating a sales value of Rs 1,179 crore, with average price realisation of Rs 12,674 per Sq.ft during the second quarter of FY25. FSN E-commerce (Nykaa) has reported consolidated net revenue growth in the mid-twenties for the second quarter of fiscal 2025. The beauty vertical has achieved mid-twenties growth in both revenue and net sales value, with gross merchandise value growth even higher. In contrast, the fashion vertical's net sales value growth is approximately in the early teems. Lemon Tree Hotels has signed license agreement for the Lemon Tree Hotel in Udaipur Rajasthan. The property will be managed by Carnation Hotels , wholly owned subsidiary of the company and is anticipated to open in fiscal 2027. Purvankara will acquire a three-acre land parcel in North Bangalore for a residential project. Avenue Supermart has signed a transaction document to acquire a 26% stake in the equity share capital of FP Ampere Energy private.Powered by Capital Market - Live
Ola Electric announced #HyperService campaign to further strengthen its service network and provide a technology-led, best-in-class after-sales experience. As part of the campaign, the company will double its company-owned service network to 1,000 centres by December 2024. The company also announced its EV Service Training Program with the aim of training 1 lakh third-party mechanics under the 'Network Partner Program'. This industry-first initiative is aimed at accelerating EV penetration and making every mechanic EV-ready across India. Starting on 10 October 2024, the company will provide a quick-service guarantee, in a phased manner. Customers - whose service case takes longer than one day - will be provided with a backup Ola S1 scooter, giving them a stress-free service experience. Additionally, customers with Ola Care+ subscription will be eligible for Ola cabs coupons which will be valid until their request is resolved. Additionally, with the #HyperService campaign, Ola Electric will deploy AI-powered proactive maintenance and remote diagnostics for a one-of-a-kind ownership experience. These AI features will detect issues even before they arise, thereby addressing them proactively at customers' doorstep. Ola Electric will rollout these AI features to all Ola customers starting 10 October 2024. Powered by Capital Market - Live
Ola Electric announced the launch of its 'Network Partner Program'. This program is aimed at taking the EV revolution further into tier-2 and tier-3 cities, including urban pockets where EV penetration still remains low. Under this program, the company has on-boarded 625 partners to expand its sales footprint across India, and Ola Electric further plans to have 1,000 partners ahead of the festive season this year. Additionally, the company announced to aggressively expand its network by on-boarding 10,000 partners, across sales and service, by the end of 2025. The 'Network Partner Program' will give Ola Electric an edge over its competitors as the Program requires limited investment from the partners and can be scaled up faster as compared to the traditional dealership model in the automotive industry. Ola Electric presently has nearly 800 company-owned stores, and with the 'Network Partner Program', will have nearly 1,800 sales and service touch points ahead of the upcoming festive season. Through the program, Ola Electric will continue to onboard partners to drive EV adoption and provide seamless sales & after-sales experience across the country. The company will further leverage this program for sales and service of its upcoming Roadster portfolio, deepening EV penetration in the motorcycle segment across India. Powered by Capital Market - Live
Ola Electric Mobility has achieved another significant milestone with its mass-market scooters S1 X 3 kWh and S1 X 4 kWh receiving Certification for Compliance with the eligibility assessment requirements as per the Production Linked Incentive (PLI) Scheme for the automobile and auto components. Both the S1 X 3 kWh and S1 X 4 kWh scooters have successfully met the stringent minimum localization criteria of 50%, as mandated by the Ministry of Heavy Industries. With this, Ola Electric has become the only 2W and pure-play EV manufacturer to receive the certification for compliance with the eligibility assessment requirements (PLI certificate) for four products - S1 Air, S1 Pro, S1 X (3 kWh, and 4 kWh). The company had earlier received the certificate for S1 Air at the Auto PLI Conclave organised in January 2024. The certification has been granted by The Automotive Research Association of India (ARAI) after testing of the product and checks on the localisation of the components. Under the scheme, Ola Electric is eligible for incentives for up to five consecutive financial years, commencing from Fiscal 2024. The incentive would range between 13% and 18% of the 'determined sales value' (DSV) of the products. Ola Electric has also been awarded 20GWh capacity by the government under its PLI scheme for Advanced Chemistry Cell (ACC) Battery storage in March 2022. The company is eligible to receive incentives under the Cell PLI scheme over a five-year period from the date of commissioning of the Ola Gigafactory in Krishnagiri, Tamil Nadu. Powered by Capital Market - Live
Revenue from operations jumped 32.26% to Rs 1,644 crore in Q1 FY25 as compared with Rs 1,243 crore in Q1 FY24. The firm reported loss before exceptional items and tax of Rs 347 crore during the quarter as compared with loss before exceptional items and tax of Rs 265 crore posed in corresponding quarter last year. The company posted adjusted gross margin of Rs 377 crore for the quarter ended 30th June 2024. The quarter witnessed the highest ever deliveries of vehicles by the company at 1,25,198 units as against 70,575 units delivered in the same period last year. The company said that its automotive segment (E2W) posted a strong improvement in EBITDA margin and is close to EBITDA breakeven. Automotive segment EBITDA margin for the quarter was (1.97)%, up 632 bps YoY from the (8.29)% EBITDA margin for the quarter ended 30th June 2023. The company announced the integration of its cells in its own vehicles by Q1 FY26. The increasing scale of operations has benefited the company in the form of lower manufacturing costs and supply chain optimizations. These benefits of scale are further amplified by the company's scalable platform-based product development and manufacturing technology that results in high degrees of commonality across its products. Meanwhile, the company entered into electric motorcycle segment by launching Roadster, Roadster X and Roadster Pro. The counter entered into the stock market on 9 August 2024, the scrip listed at Rs 75.99, exhibiting a marginal discount to the issue price of Rs 76. Ola Electric Mobility is a leading electric vehicle (EV) manufacturer in India, specializing in the vertical integration of technology and manufacturing for EVs and their components, including battery cells. The scrip surged 16.40% to Rs 128.78 on the BSE.Powered by Capital Market - Live
Securities in F&O ban:Aarti Industries, Aditya Birla Capital, Aditya Birla Fashion & Retail, Bandhan Bank, Biocon, Birlasoft, Chambal Fertilizers& Chemicals, Granules India , India Cements, India Mart Intermesh, LIC Housing Finance, Manappuram Finance, NMDC, Piramal Enterprises, PNB, RBL Bank, SAIL, Sun TV. Stocks to watch: Glenmark Pharmaceuticals' consolidated net profit jumped 96.53% to Rs 340 crore in Q1 FY25 as compared with Rs 173 crore in Q1 FY24. Revenue increased 6.85% YoY to Rs 3,244 crore during the quarter. Ola Electric Mobility reported consolidated net loss of Rs 347 crore in Q1 FY25 as compared with net loss of Rs 267 crore in Q1 FY24. Revenue jumped 32% YoY to Rs 1644 crore in Q1FY25. Entero Healthcare Solutions' consolidated net profit surged to Rs 20.5 crore in Q1 FY25 from Rs 6.4 crore in Q1 FY24. Revenue increased 22.02% YoY to Rs 1,097 crore during the quarter. Spicejet's consolidated net profit declined 19.8% to Rs 158 crore during the quarter as compared with Rs 197 crore posted in corresponding quarter last year. Revenue fell 15% to Rs 1,708 crore in Q1 FY25. Sunteck Realty reported consolidated net profit of Rs 23 crore in Q1 FY25 as compared with net loss of Rs 7 crore in Q1 FY24. Revenue soared to Rs 316 crore in Q1 FY25 as compared with Rs 71 crore in same quarter last year. Max India's board approved raising up to Rs 250 crore through multiple instruments. Power Mech Projects's received Rs 114 crore order from Coastal Energen for operation and maintenance of 1,200 MW coal based thermal power plant namely Mutiara Thermal Power Plant, owned by Coastal Energen. Paras Defence and Space Technologies's received Rs 305 crore order from L&T for the electro-optics system. Jindal Stainless has announced the commissioning of its nickel pig iron smelter facility located in an industrial park in Indonesia.Powered by Capital Market - Live
Net Loss of Ola Electric Mobility reported to Rs 347.00 crore in the quarter ended June 2024 as against net loss of Rs 267.00 crore during the previous quarter ended June 2023. Sales rose 32.26% to Rs 1644.00 crore in the quarter ended June 2024 as against Rs 1243.00 crore during the previous quarter ended June 2023. ParticularsQuarter EndedJun. 2024Jun. 2023% Var. Sales1644.001243.00 32 OPM %-12.47-17.54 - PBDT-198.00-218.00 9 PBT-324.00-265.00 -22 NP-347.00-267.00 -30 Powered by Capital Market - Live
Low Pledged Promoter Holding
Pledged promoter holdings is insignificant