Ola Electric Mobility Limited (OLAELEC.NS) Valuation

Valuation

Model-based estimates, not advice. The DCF is the discounted-cash-flow value per share; compare it with the price, not as a target.

DCF fair value

-539.0%

-₹153.43

vs ₹34.95 price

Levered DCF

-₹170.05

After debt service

Piotroski score

1 / 9

Weak

Altman Z-score

—

Rating

D+

Overall 1 / 5

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021
P/E	-5.39×	-9.45×	-24.96×	-26.82×	-50.33×	-199.09×
P/B	2.95×	4.18×	19.57×	16.77×	10.79×	20.05×
P/S	4.38×	4.76×	7.89×	15.2×	107.38×	45,736.83×
EV / EBITDA	-11.43×	-18.39×	-40.49×	-34.22×	-54.47×	-141.43×
Gross margin	-25.7%	17.9%	11.6%	0.4%	-32.8%	68.2%
Operating margin	-73.5%	-51.1%	-33.8%	-53.5%	-222.1%	-23762.8%
Net margin	-81.4%	-50.4%	-31.6%	-56.6%	-213.1%	-23059.3%
Current ratio	1.14×	1.87×	1.01×	1.47×	3.51×	13.58×
Debt / equity	0.82×	0.69×	1.34×	0.72×	0.22×	0.02×
Interest coverage	-4.6×	-6.3×	-9.07×	-12.9×	-46.38×	-259.89×
Dividend yield	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Payout ratio	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%

Key metrics by fiscal year

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021
Return on equity	-54.7%	-44.3%	-78.5%	-62.5%	-21.4%	-10.1%
Return on invested capital	-26.1%	-25.5%	-34.5%	-33.3%	-18.3%	-10.2%
Return on assets	-23.5%	-20.6%	-20.5%	-26.4%	-14.5%	-9.4%
Free cash flow yield	-14.5%	-15.7%	-4.7%	-5.9%	-4.5%	-0.9%
Earnings yield	-18.6%	-10.6%	-4.0%	-3.7%	-2.0%	-0.5%
Enterprise value	₹111B	₹247.2B	₹421.2B	₹409.7B	₹390.9B	₹392B
Net debt / EBITDA	-1.26×	-2.39×	-2.5×	-1.21×	0.6×	1.14×
Cash conversion cycle (days)	-48	-16	-31	6	-37	-52,912