Ola electric mobility share price target : Ola electric scooters are eco-friendly vehicles equipped with cutting edge technology and come equipped with an app enabling users to monitor its location and battery status remotely. Ola’s vision for India by 2030 includes becoming one of the leading markets for EVs; here, we discuss its Mobility Stock Price Forecast from 2024-2030 as well as company financials and fundamentals.
Ola Electric Mobility Company Overview
Ola Electric, part of Ola Cabs, was established in 2017 with the main objective of promoting electric vehicles (EVs) and transportation in India. Headquartered in Bengaluru, Karnataka, Ola Electric debuted its inaugural product – Ola Scooter – in 2021.
Ola Electric has established the “Future Factory”, the world’s largest two-wheeler electric vehicle manufacturing facility. Utilizing advanced robotics technology, this manufacturing facility produces high-quality EVs. Ola Electric has become an established player in the EV market, with innovative solutions expected to lead to further growth over time.
| Company Name | Ola Electric Mobility Ltd. |
|---|---|
| Founded | 2017 |
| Headquarters | Bangalore |
| Industry | Electric Vehicle (EV) Manufacturing |
| CEO | Bhavish Aggarwal |
| Stock Exchange Listing | NSE & BSE |
| Official Website | olaelectric.com |
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Ola Electric Fundamental Analysis
The key financial metrics for Ola Electric Mobility Ltd. are as follows: the company’s market capitalization stands at ₹38,859.41 Crore. Its Return on Equity (ROE) is negative at -1.08%, and Return on Capital Employed (ROCE) is also negative at -0.49%. The Price-to-Earnings (P/E) ratio is currently 0, while the Price-to-Book (P/B) ratio is 3.52. The dividend yield is 0%, and the book value per share is ₹25.04. The face value of each share is ₹10, and the Earnings Per Share (EPS) for the trailing twelve months (TTM) is ₹-0.06. The stock has seen a 52-week high of ₹157.40 and a 52-week low of ₹66.66.
| Metric | Value |
|---|---|
| Market Cap | ₹38,859.41 Cr. |
| ROE | -1.08% |
| ROCE | -0.49% |
| P/E | 0 |
| P/B | 3.52 |
| Div. Yield | 0% |
| Book Value | ₹25.04 |
| Face Value | ₹10 |
| EPS (TTM) | ₹-0.06 |
| 52 Week High | ₹157.40 |
| 52 Week Low | ₹66.66 |
Ola Electric Financials
Income Statement
Ola Electric Mobility Ltd. reported significant shifts in its financial performance for 2024. Revenue reached Rs50.10 billion, an impressive 90.42% year-on-year (Y/Y) increase. Additionally, operating expenses rose 58.22% Y/Y. As expected, the company posted a net income loss of Rs15.84 billion – representing a decrease of 7.63% year-on-year compared to its prior period – leading to a negative net profit margin of -31.63% – an unprecedented change compared to 43.47% seen last year. EBITDA (Earnings Before Interest, Taxes Depreciation & Amortization) losses stood at Rs14.16 billion with 9.10% decline compared with EBITDA loss reported last year while earnings per Share (EPS) or tax rates are currently unknown.
| Metric | 2024 (INR) | Y/Y Change |
|---|---|---|
| Revenue | ₹50.10B | +90.42% |
| Operating Expense | ₹21.91B | +58.22% |
| Net Income | ₹-15.84B | -7.63% |
| Net Profit Margin | -31.63% | -43.47% |
| Earnings Per Share | — | — |
| EBITDA | ₹-14.16B | -9.10% |
| Effective Tax Rate | — | — |
Balance Sheet
Ola Electric Mobility Ltd. released the following key balance sheet figures in 2024: cash and short-term investments declined by 25.30%, totaling Rs7.97 billion; assets rose 38.80% year-on-year to Rs77.35 billion while liabilities ballooned 77%, reaching Rs57.16 billion; equity stood at Rs20.19 billion but year-on-year change data is unavailable; there were 3.69 billion shares outstanding (Y/Y change unknown); Price-to-Book Ratio stood at 17.91 while ROA and ROC both showed negative numbers at -15.12% and -22.91% respectively, suggesting there may be challenges associated with optimizing asset utilization.
| Metric | 2024 (INR) | Y/Y Change |
|---|---|---|
| Cash and Short-Term Investments | ₹7.97B | -25.30% |
| Total Assets | ₹77.35B | +38.80% |
| Total Liabilities | ₹57.16B | +77.70% |
| Total Equity | ₹20.19B | — |
| Shares Outstanding | 3.69B | — |
| Price to Book (P/B) | 17.91 | — |
| Return on Assets (ROA) | -15.12% | — |
| Return on Capital (ROC) | -22.91% | — |
Cash Flow
Ola Electric Mobility Ltd. reported the following cash flow numbers in 2024: Ola recorded net income of Rs-15.84 billion, reflecting a year-on-year decrease of 7.63%; cash from operations increased 58.00% year over year to total Rs-6.33 billion while investing activities cash saw a 256.70% year on year decline to Rs-11.36 billion while financing activities cash increased 141.38% to reach a total of Rs15.90 billion; thus leading to net change cash being decreased by Rs-1.79 billion while representing an improvement of 84.63% over year one. Finally free cash flow reached Rs-1312.12 billion representing year on year growth year over year by 31.05% over last year.
| Metric | 2024 (INR) | Y/Y Change |
|---|---|---|
| Net Income | ₹-15.84B | -7.63% |
| Cash from Operations | ₹-6.33B | +58.00% |
| Cash from Investing | ₹-11.36B | -256.70% |
| Cash from Financing | ₹15.90B | +141.38% |
| Net Change in Cash | ₹-1.79B | +84.63% |
| Free Cash Flow | ₹-13.12B | +31.05% |
Ola electric mobility share price target 2024
Ola Electric plans on setting its 2024 share price objective between Rs70 to 180. Government incentives related to purchasing electric vehicles could support its efforts of expanding manufacturing capacity while strengthening charging infrastructure.
| Year | Minimum Price (₹) | Maximum Price (₹) |
|---|---|---|
| 2024 | 70 | 180 |
| Month (2024) | Minimum Price (₹) | Maximum Price (₹) |
|---|---|---|
| August | 95 | 160 |
| September | 99 | 165 |
| October | 82 | 175 |
| November | 80 | 179 |
| December | 86 | 180 |
Ola electric mobility share price target 2025
Ola Electric anticipates its share price goal for 2025 will range between Rs86 to 300; they seek to reach wider audiences and expand market shares by branching into other products like electric bikes.
| Year | Minimum Price (₹) | Maximum Price (₹) |
|---|---|---|
| 2025 | 86 | 300 |
| Month (2025) | Minimum Price (₹) | Maximum Price (₹) |
|---|---|---|
| January | 86 | 180 |
| February | 89 | 190 |
| March | 88 | 200 |
| April | 90 | 210 |
| May | 90 | 220 |
| June | 98 | 240 |
| July | 100 | 250 |
| August | 113 | 270 |
| September | 117 | 280 |
| October | 119 | 290 |
| November | 125 | 289 |
| December | 128 | 300 |
Ola electric mobility share price target 2026
Ola Electric anticipates its share price target will reach 440 Indian Rupees by 2026, given market demand for electric vehicles is on an uptick and their strategic partnerships and marketing plans offer greater growth potential that should result in price appreciation.
Ola electric mobility share price target 2027
Ola Electric may set its share price target for 2027 at around 530 INR if they can successfully market innovative products and practices that promote sustainability, such as marketing them to target markets. Revenue should continue growing along with electric vehicle usage trends.
Ola electric mobility share price target 2028
Ola Electric anticipates its share price target will hit $620 by 2028, provided its manufacturing scale increases and market share expands significantly due to an increased rate of electric vehicle adoption supported by various government policies.
Ola electric mobility share price target 2029
Ola Electric could set its share price goal to 710 INR by 2029 as competition in the market grows fiercer; by offering products with new features that strengthen Ola’s position further.
Ola electric mobility share price target 2030
Ola Electric anticipates its share price could range between 700 to 950 rupees by 2030 as they anticipate technical improvements, increase manufacturing capacity and diversify into international markets.
| Year | Minimum Price (₹) | Maximum Price (₹) |
|---|---|---|
| 2030 | 700 | 950 |
| Month (2030) | Minimum Price (₹) | Maximum Price (₹) |
|---|---|---|
| January | 700 | 750 |
| February | 720 | 770 |
| March | 740 | 800 |
| April | 760 | 820 |
| May | 780 | 840 |
| June | 800 | 860 |
| July | 820 | 880 |
| August | 840 | 900 |
| September | 860 | 920 |
| October | 880 | 940 |
| November | 900 | 950 |
| December | 922 | 950 |
Ola electric mobility share price target From 2024 to 2030
Ola Electric Mobility Ltd’s target stock prices over the coming years are as follows: For 2024-2025, target share prices should reach Rs130; in 2026-2027 they rise to Rs550/share and target Rs440 for 2027/2028/2029 2028 2029 and 2030: 820 for both 2028/2029 respectively and 820 respectively.
| Year | Target Price (₹) |
|---|---|
| 2024 | 130 |
| 2025 | 350 |
| 2026 | 440 |
| 2027 | 530 |
| 2028 | 620 |
| 2029 | 710 |
| 2030 | 820 |
Ola electric mobility share price target 2040
Ola Electric could set itself on course to achieve an all-time share price high between Rs1,200 to Rs1,500 by 2040 as its continued demand for electric vehicles establishes it as one of the industry’s premier brands.
| Year | Minimum Price (₹) | Maximum Price (₹) |
|---|---|---|
| 2040 | 1,200 | 1,500 |
| Month (2040) | Minimum Price (₹) | Maximum Price (₹) |
|---|---|---|
| January | 1,200 | 1,250 |
| February | 1,220 | 1,270 |
| March | 1,240 | 1,290 |
| April | 1,260 | 1,310 |
| May | 1,280 | 1,330 |
| June | 1,300 | 1,350 |
| July | 1,320 | 1,370 |
| August | 1,340 | 1,390 |
| September | 1,360 | 1,410 |
| October | 1,380 | 1,450 |
| November | 1,400 | 1,480 |
| December | 1,300 | 1,500 |
Ola electric mobility share price target 2050
By 2050, Ola Electric share prices may reach between Rs2,500 to Rs3,000 due to their long-term growth trajectory of the EV market and innovative marketing tactics implemented within their organization.
| Year | Minimum Price (₹) | Maximum Price (₹) |
|---|---|---|
| 2050 | 2,500 | 3,000 |
| Month (2050) | Minimum Price (₹) | Maximum Price (₹) |
|---|---|---|
| January | 2,500 | 2,600 |
| February | 2,550 | 2,650 |
| March | 2,600 | 2,700 |
| April | 2,650 | 2,750 |
| May | 2,700 | 2,800 |
| June | 2,750 | 2,850 |
| July | 2,800 | 2,900 |
| August | 2,850 | 2,950 |
| September | 2,755 | 2,910 |
| October | 2,850 | 2,940 |
| November | 2,750 | 2,984 |
| December | 2,855 | 3,000 |
Ola Electric Shareholding Patterns
Ola Electric Mobility Ltd.’s ownership distribution can be broken down as follows: Retail investors own 53.88% of shares while promoters hold 36.78%. Foreign institutional investors account for 4.18% while mutual funds own 4.62 percent; other domestic institutions hold an even smaller share, holding only 0.554%.
Ola Electric Competitors/Peer Companies
These companies include TVS Motor Company, Eicher Motors, Wardwizard Innovations, Hero MotoCorp, Urja Global, Bikewo Green Tech and Tunwal E-Motors – each playing an active part in various aspects of automotive and electric vehicle (EV) industries; some specialize in traditional motor vehicles while others focus on green technologies and mobility solutions.
Should I Buy Ola Electric Stock?
Before investing in Ola Electric stock, evaluating market dynamics, financial performance, and potential development possibilities is of utmost importance.
Ola Electric Mobility Ltd Earnings Results
Expert Forecasts on the Future of Ola Electric Mobility Ltd
Analysts are optimistic about Ola Electric, commending their forward-thinking strategies and investments into battery production. To secure further success for Ola, analysts believe they need to build up their Gigafactory to increase output.
Is Ola Electric Stock Good to Buy? (Bull Case & Bear Case)
Bull Case:
Ola Electric holds an outstanding position in India’s two-wheeler electric industry, giving them an advantage over competitors.
Their products continue to gain in popularity among buyers as evidenced by significant revenue growth; Ola stays ahead by prioritizing innovation within this highly-competitive field.
Ola Electric can take advantage of increasing production capacity and product offerings to fuel its future expansion, taking advantage of rising consumer interest for sustainable cars that benefit both themselves and the planet.
Ola Electric could take advantage of growing consumer interest for electric vehicles which contribute towards creating an eco-friendly future for humanity.
Bear Case:
Ola Electric may appear too expensive if its growth expectations don’t materialise as planned. With increasingly fierce competition in the electric vehicle sector, Ola Electric’s market share may suffer significantly as new competitors enter.
And if they continue losing money, investors could question its ability to stay in business.
Government policy and regulation could have an impactful influence on the expansion of the electric vehicle market.
Supply chain disruptions involving battery components could potentially cause production and economic losses that affect growth of this sector.
Conclusion
Ola Electric Mobility Ltd stands out with its unique products and strong market presence to position them for significant development over the coming years. Investors interested in electric vehicle stocks might find Ola’s stock attractive due to the potential gains it may yield despite potential dangers associated with investing in it; investors must remain informed before making commitments regarding company growth and changes within its markets.
FAQ :
Is Ola Electric a good buy for long term?
Ola Electric currently accounts for 39% market share in the EV two-wheeler market, having quickly amassed nearly one third of this space quickly – earlier this year it even held nearly 50%!
What is the future of Ola electric mobility?
Ola Electric unveiled plans to open 10,000 sales and service outlets by the end of 2025 to increase its presence in smaller cities and towns with low EV penetration rates, particularly tier-2 and tier-3 areas.