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Ola Electric Mobility Ltd share price logo

Ola Electric Mobility Ltd

(OLAELEC)

₹98.520.16%

as on 04:01PM, 05 Dec 2024

🔔 Regulatory Alert

Ola Electric received a showcause notice from CCPA regarding consumer complaints, with 15 days to respond.

Overview
News
Financials
Q2 2024 Results
Technicals

Ola Electric Mobility Ltd Analyst Rating

based on 6 analysts

BUY

71.43%

Buy

0.00%

Hold

28.57%

Sell

Based on 6 analysts offering long term price targets for Ola Electric Mobility Ltd. An average target of ₹98.33

Source: S&P Global Market Intelligence

Ola Electric Mobility Ltd Share analysis

Ola Electric Mobility Ltd price forecast by 6 analysts

Downside of-0.03%

High

₹137

Target

₹98.33

Low

₹63

Ola Electric Mobility Ltd target price ₹98.33, a slight downside of -0.03% compared to current price of ₹98.52. According to 6 analysts rating.

Source: S&P Global Market Intelligence

Ola Electric Mobility Ltd Performance

  • Day's Low

    Day's High

    ₹95.48
    ₹100.2
  • 52 Week's Low

    52 Week's High

    ₹66.66
    ₹157.4
1 Month Return+ 32.6 %
3 Month Return-14.59 %
1 Year Return+ 7.85 %
Previous Close₹98.36
Open₹98.73
Volume7.69Cr
Upper Circuit-
Lower Circuit-
Market Cap₹43,384.92Cr

Ola Electric Mobility Ltd Key Statistics

P/E Ratio-25.95
PEG Ratio64.88
Market Cap₹43,384.92 Cr
P/B Ratio0
EPS0
Dividend Yield0
SectorAutomobile
ROE0

Ola Electric Mobility Ltd Peer Comparison

Company
Analyst ViewMarket Cap5 Year CAGRDebt to Asset RatioNet ProfitYearly Revenue
BUY₹43,384.92 Cr1.57%0.00-₹1,585 Cr₹5,009 Cr
HOLD₹38,611.81 Cr91.56%0.51₹1,049 Cr₹8,849 Cr
BUY₹68,706.53 Cr41.21%0.64₹2,696 Cr₹46,542 Cr
BUY₹92,716.78 Cr18.69%0.52₹3,742 Cr₹37,788 Cr

About Ola Electric Mobility Ltd



Share Price: ₹98.52 per share as on 05 Dec, 2024 04:01 PM
Market Capitalisation: ₹43,384.92Cr as of today
Revenue: ₹1,214.00Cr as on September 2024 (Q3 24)
Net Profit: ₹-495.00Cr as on September 2024 (Q3 24)
Listing date: 09 Aug, 2024
OrganisationOla Electric Mobility Ltd
Headquarters
IndustryAutomobile
E-voting on sharesClick here to vote

What's happening today

  • img

    Today's Timeline - 05 Dec

    05:33 PM

    -

    Ola Electric receives showcause notice from CCPA amid service issues; stock up 48% from record low.

Key events for Ola Electric Mobility Ltd

  • Ola Electric Faces CCPA Notice, Stock Rises - 05 Dec, 2024

    Ola Electric Mobility Ltd received a showcause notice from the CCPA regarding consumer complaints. Despite this, the stock has surged 48% from its record low of Rs 66.60.
  • Ola Electric Expands Stores Amid Challenges and Innovations - 04 Dec, 2024

    Ola Electric Mobility is set to expand its store count significantly while facing customer complaints. The company will also introduce in-house battery production for its scooters by April 2025.
  • Ola Electric Announces Major Expansion Plans - 03 Dec, 2024

    Ola Electric Mobility aims to increase its store count to 4,000 by December 2024, significantly boosting its distribution network. The stock has surged over 50% from its all-time low, driven by positive investor sentiment following the expansion announcement and the launch of new electric scooters.
  • Ola Electric Announces Major Store Expansion Plans - 02 Dec, 2024

    Ola Electric aims to quadruple its store network to 4,000 locations by December 20, 2024, enhancing EV accessibility. Despite recent market share fluctuations, the company remains optimistic about its growth strategy and new product launches.
  • Ola Electric Shares Surge After New Launches - 01 Dec, 2024

    Ola Electric Mobility's shares rebounded after launching scooters for gig workers, hitting a 22.05% gain and closing at ₹87.25, reflecting growing interest in electric mobility.
  • Ola Electric Faces Challenges Amid Market Leadership - 30 Nov, 2024

    Ola Electric Mobility is grappling with customer satisfaction issues, a significant drop in sales, and senior-level talent retention challenges. Despite leading the market with a 37% share year-to-date, the company faces growing complaints and competition, prompting concerns about its future performance.
  • Ola Electric Stock Soars After New Scooter Launch - 28 Nov, 2024

    Ola Electric's stock experienced significant gains following the launch of affordable electric scooters targeting gig workers, boosting its market cap by $1 billion. The stock reached a seven-week high, reflecting positive investor sentiment and brokerage recommendations.
  • Ola Electric Shares Surge on New Scooter Launch - 27 Nov, 2024

    Ola Electric Mobility shares jumped 20% following the launch of its Gig and S1 Z electric scooters, aimed at gig workers and urban commuters. The new models are priced affordably, enhancing market appeal. Citi initiated coverage with a target price of Rs 90, citing strong growth potential despite recent service issues.
  • Ola Electric Launches Affordable E-Scooters, Stock Rises - 26 Nov, 2024

    Ola Electric launched its new Gig and S1 Z range of scooters, starting at Rs 39,999, aimed at enhancing electric mobility. Following the announcement, the stock surged by 5.67%, reflecting positive market sentiment and a regained market share of 31% in October.
  • Ola Electric Faces Consumer Complaints and Stock Decline - 25 Nov, 2024

    Ola Electric is under investigation by the CCPA for consumer rights violations amid numerous complaints about service and product quality. The stock has plummeted 56% from its peak, reflecting growing consumer dissatisfaction.
  • Ola Electric Teases New Battery and Two-Wheeler - 24 Nov, 2024

    Ola Electric's CEO Bhavish Aggarwal teased a swappable battery and a new electric two-wheeler, aimed at improving user experience and convenience in the EV market.
  • Customer Dissatisfaction Raises Concerns for Ola Electric - 23 Nov, 2024

    A viral video shows a man smashing an Ola Electric scooter, reflecting growing frustration over service quality. This follows Ola's plans to manufacture lithium-ion cells domestically, aiming to reduce EV costs.
  • Ola Electric Announces Layoffs Amid Restructuring Efforts - 22 Nov, 2024

    Ola Electric is cutting 500 jobs as part of a restructuring initiative to enhance efficiency and profitability amid controversies and rising losses. The layoffs follow a government probe into service deficiencies and a significant drop in market share.
  • Ola Electric Restructures, Lays Off 500 Employees - 21 Nov, 2024

    Ola Electric is undergoing a restructuring exercise impacting 500 employees to enhance operational efficiency and profitability. Despite recent revenue growth, the company faces challenges in maintaining its market position.
  • Ola Electric Faces Major Stock Decline and Complaints - 19 Nov, 2024

    Ola Electric Mobility Ltd's stock has fallen significantly, trading below its IPO price. The company faces rising customer complaints and a 43% increase in net loss.
  • Ola Electric Faces Regulatory Scrutiny and Sales Decline - 18 Nov, 2024

    Ola Electric is under investigation by the CCPA and BIS for service and product quality issues. The company reported a significant decline in net sales and a quarterly loss.
  • Ola Electric Addresses Service Issues Amid Growth - 16 Nov, 2024

    Ola Electric remains a leader in India's electric two-wheeler market, with CEO Bhavish Aggarwal addressing service and maintenance concerns. Despite a backlog, he claims over 90% of issues have been resolved, and product quality meets industry standards. The company is expanding its service network to support its rapid sales growth.
  • Ola Electric Faces Regulatory Scrutiny Amid Complaints - 15 Nov, 2024

    Ola Electric is under investigation by the CCPA due to unresolved consumer complaints. The company's shares hit an all-time low, reflecting ongoing pressure and negative sentiment in the market.
  • Ola Electric Faces Investigation Over Customer Complaints - 14 Nov, 2024

    Ola Electric is under scrutiny from the CCPA and BIS due to over 10,000 complaints about service deficiencies and misleading claims, impacting investor confidence.
  • Ola Electric's New Platform and SoftBank's Exit Plans - 13 Nov, 2024

    Ola Electric announced its Gen 3 platform debut in January 2025, promising technological advancements. SoftBank confirmed a gradual exit strategy while holding a 17.83% stake.

Insights on Ola Electric Mobility Ltd

Insights help you understand the recent movement of the company's critical parameters, giving you an overall view of the company.

  • imgPOSITIVE IMPACT

    Price Rise

    img

    In the last 1 month, OLAELEC stock has moved up by 32.6%

  • imgPOSITIVE IMPACT

    Retail Holding Up

    img

    Retail Investor have increased holdings from 42.32% to 48.40% in Sep 2024 quarter

  • imgNO EFFECT

    Promoter Holding Unchanged

    img

    Promoters holdings remained unchanged at 36.78% of holdings in Sep 2024 quarter

  • imgNEGATIVE IMPACT

    MF Holding Down

    img

    Mutual Funds have decreased holdings from 5.19% to 4.62% in Sep 2024 quarter

  • imgNEGATIVE IMPACT

    FII Holding Down

    img

    Foreign Institutions have decreased holdings from 7.64% to 4.18% in Sep 2024 quarter

Ola Electric Mobility Ltd Financials

Value in ₹ crore
DetailsQ'3 23Q'4 23Q'1 24Q'2 24Q'3 24
Revenue₹873.00Cr (-)₹1,296.00Cr (↑48.45%)₹1,598.00Cr (↑23.30%)₹1,644.00Cr (↑2.88%)₹1,214.00Cr (↓26.16%)
Net Income-₹524.00Cr (-)-₹379.00Cr (↓27.67%)-₹416.00Cr (↑9.76%)-₹347.00Cr (↓16.59%)-₹495.00Cr (↑42.65%)
Net Profit Margin-60.02% (-)-29.24% (↓51.28%)-26.03% (↓10.98%)-21.11% (↓18.90%)-40.77% (↑93.13%)
Value in ₹ crore
Details2020202120222023
Total Assets₹2,178.96Cr (-)₹2,151.81Cr (↓1.25%)₹4,471.95Cr (↑107.82%)₹4,710.54Cr (↑5.34%)
Total Liabilities₹48.92Cr (-)₹83.21Cr (↑70.09%)₹151.59Cr (↑82.18%)₹262.06Cr (↑72.87%)
Value in ₹ crore
Details20202021202220232024
Operating Cash Flow-₹109.85Cr (-)-₹183.71Cr (↑67.24%)-₹311.50Cr (↑69.56%)-₹87.47Cr (↓71.92%)- (↓100.00%)

Index Inclusions

BSE IPO

₹16,736.84

0.92 (151.78%)

Ola Electric Mobility Ltd Shareholding Pattern

InvestorsHoldings %FY Quarter3M change
Promoter Holdings
36.78%
0.00
Foreign Institutions
4.18%
-45.24
Mutual Funds
4.62%
-11.01
Retail Investors
48.4%
14.36
Others
6.02%
-25.41

Ola Electric Mobility Ltd Key Indicators

Details20222023
Return On Assets %-17.53-31.25

Ola Electric Mobility Ltd Valuation

Ola Electric Mobility Ltd in the last 5 years

  • Overview

  • Trends

Lowest (-27.78x)

August 19, 2024

Today (-25.95x)

December 4, 2024

Industry (36.61x)

December 4, 2024

Highest (-17.31x)

August 9, 2024

LowHigh

Ola Electric Mobility Ltd Earnings and Dividends

  • Ola Electric Mobility Ltd Earnings Results

    Ola Electric Mobility Ltd’s net profit jumped 5.53% since last year same period to ₹-495Cr in the Q2 2024-2025. On a quarterly growth basis, Ola Electric Mobility Ltd has generated -42.65% fall in its net profits since last 3-months.

    Read More about Earnings Results

Ola Electric Mobility Ltd Technicals Summary

Bearish

Neutral

Bullish

Bullish

Ola Electric Mobility Ltd is currently in a Bullish trading position according to technical analysis indicators.

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Ola Electric Mobility Ltd (OLAELEC) share price today is ₹98.52

Ola Electric Mobility Ltd is listed on NSE

Ola Electric Mobility Ltd is listed on BSE

  • Today’s highest price of Ola Electric Mobility Ltd is ₹100.2.
  • Today’s lowest price of Ola Electric Mobility Ltd is ₹95.48.

PE Ratio of Ola Electric Mobility Ltd is -25.95

PE ratio = Ola Electric Mobility Ltd Market price per share / Ola Electric Mobility Ltd Earnings per share

Today’s traded volume of Ola Electric Mobility Ltd(OLAELEC) is 7.69Cr.

Today’s market capitalisation of Ola Electric Mobility Ltd(OLAELEC) is ₹43384.92Cr.

Ola Electric Mobility Ltd(OLAELECPrice
52 Week High
₹157.4
52 Week Low
₹66.66

Ola Electric Mobility Ltd(OLAELEC) share price is ₹98.52. It is down -37.41% from its 52 Week High price of ₹157.4

Ola Electric Mobility Ltd(OLAELEC) share price is ₹98.52. It is up 47.79% from its 52 Week Low price of ₹66.66

Ola Electric Mobility Ltd(OLAELECReturns
1 Day Returns
0.16%
1 Month Returns
32.6%
3 Month Returns
-14.59%
1 Year Returns
7.85%