Ola Electric Mobility Ltd is the largest company in the electric vehicle (EV) sector. All the countries are investing a lot of money to reduce the dependency on fuel as it is limited, harms the environment, costly, etc. Ola Electric’s share price target for 2024, 2025, and 2026 might be like multi-bagger returns as it is the largest E2Ws company in India.
Ola Electric Mobility Ltd is a large-cap company that announced its IPO with an issue size of Rs. 6,145.56 Crore and for the IPO allotment, the price range was Rs. 72 to Rs. 76. In the stock market, the stock listed at Rs. 76 i.e. 0% premium but in the next few days it made a 52-week high of Rs. 157.40 on 20 August 2024. In just a few trading days, the stock gained more than 110%.
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About Ola Electric Mobility Ltd
Ola Electric Mobility Ltd was founded in 2017 and it is primarily involved in the manufacturing of electric vehicles, and electric vehicle components like batteries, motors, etc. Currently, the company focuses on the manufacturing of 2-wheeler electric vehicles.
Ola Electric Mobility Ltd company is the largest manufacturer of two-wheeler electric vehicles with a market share of 31% in the E2Ws sector in India. Currently, it is a loss-making company but its products and services make the company the largest player in the EV sector.
Using the Ola Electric App, you can do a lot of things with the vehicle like control the vehicle, navigation, proximity unlock, rider profiles, auto turn-off indicator, ride journal, party mode, hill hold, access control, energy insights, moods, and many more. Some of the features may not be available in some vehicles and some vehicles, you may get more features.
Except for scooters and motorcycles, the company also sells various accessories like helmets, floor mats, scooter covers, buddy steps, portable chargers, fast chargers, center stands, t-shirts, etc.
Currently, Ola Electric Mobility Ltd company manufactures and sells scooters and motorcycles. Here are some details about the company’s products and services-
Scooters
Ola S1 Pro: As of now, Ola S1 Pro’s price is approx Rs. 1,34,999.00. The certified range of the vehicle is 195 KM, the peak power is 11kW, and the top speed is 120 km/h.
The scooter comes in 5 colors, 0-40 KMPH in just 2.6 seconds, and has various in-built features like calling, maps, etc. with moveOS (operating system).
Ola S1 Air: Ola S1 Air is slightly less powerful as compared to its pro model and the scooter comes at Rs. 1,07,499.00. The certified range of the vehicle is 151 KM, the peak power is 6kW, and the top speed is 90 km/h.
This scooter is also available in various colors and its peak performance is 0-40KM in 3.3 seconds, and have the same calling and navigation features.
Ola X: In the category, Ola Electric offers 3 scooters starting from Rs. 74,999 and goes up to Rs. 101,999. The scooters are Ola S1X, S1X+, and S1X (low power and affordable).
These all scooters have different capacities, peak performance, display, etc. You can check all the features and specifications on Ola’s official website.
Motorcycles
In the motorcycle category, the company offers 3 motorcycles with a price range of Rs. 74,999 to Rs. 1,99,999. The motorcycle’s features and specifications are-
Roadster X
Roadster X is the most affordable motorcycle of the company. Its price is Rs. 74,999. Its certified range is 200 km, its peak power is 11 kW, and its top speed is 124km/h. It has many versions.
The motorcycle can go 0 KM to 40 KM/h in just 2.8 seconds and it comes with a 4.3-inch LCD, where you can see many features of the motorcycle, and some can be used using the Ola Electric App.
Roadster
The Roadster motorcycle is more powerful than the Roadster X. The price of the electric motorcycle is Rs. 1,04,999. Its certified range is 240 km, its peak power is 13 kW, and its top speed is 126km/h.
This motorcycle comes with a TFT display with a touch screen of 7″ and a power boost (adaptive boost) that increases the power of the motorcycle when you need it.
There are many extra features and improvements in design, you can explore all of them using their website.
Roadster Pro
It is the most powerful motorcycle by the Ola Electric company and is priced at Rs. 1,99,999. The design of the motorcycle is awesome and looks powerful.
Roadster Pro’s certified range is 579 km, its peak power is 52 kW, and its top speed is 194km/h. It comes with extra safety features, various modes as per needs, race mode, games, video streaming, etc.
Ola Electric Mobility Ltd’s Scrip Info
| NSE | OLAELEC |
| BSE | 544225 |
| ISIN | INE0LXG01040 |
| SECTOR | AUTOMOBILE |
Company Analysis
Below you’ll find Ola Electric Mobility Limited’s company information like financials, fundamentals, and shareholding patterns. This information plays an important role in identifying good companies for investing.
Note: The shared information is not enough for a complete analysis of any company or stock. Kindly cross-check this information with any screener or broker.
Note: All the values are in (₹) Rupees Crore.
| Quarter | Net Profit & Loss |
|---|---|
| Sep 2023 | ₹ |
| Dec 2023 | ₹ |
| Mar 2024 | -₹416 |
| Jun 2024 | -₹347 |
| Sep 2024 | ₹ |
| Year | Net Profit & Loss |
|---|---|
| Mar 2020 | ₹ |
| Mar 2021 | -₹199 |
| Mar 2022 | -₹784 |
| Mar 2023 | -₹1,472 |
| Mar 2024 | -₹1,584 |
Note: It is the company’s financial performance data, typically released every three months (quarterly) or once a year (annually).
| Market Cap | ₹48,960Cr | ROE | -78.54% |
| P/E Ratio (TTM) | -30.92 | EPS (TTM) | -3.59 |
| P/B Ratio | 7.76 | Div. Yield | 0.00% |
| Industry PE | 23.84 | Book Value | 14.30 |
| Debt to Equity | 1.34 | Face Value | 10 |
| Held By | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 |
|---|---|---|---|---|---|
| FIIs | NA | NA | NA | NA | 7.64% |
| DIIs | NA | NA | NA | NA | 6.74% |
| Public | NA | NA | NA | NA | 42.43% |
| Promoters | NA | NA | NA | NA | 36.78% |
| Other Holders | NA | NA | NA | NA | 6.41% |
Key Insights
- Rising net cash flow.
- Zero promoter pledge.
- Low debt on the company.
- The company is not making a profit.
- The company has cash of Rs. 1,259.2 Crore.
- Ola Electric Mobility Ltd is a loss-making company.
- On the company, there is a debt of Rs. 5,684 Crore.
- The company’s earnings have not improved over time.
- Maximum shareholders are the public, they hold 42.43%.
- Largest manufacturer of 2-wheeler electric vehicles in India.
- The company is not able to meet its working capital requirement.
Quarterly Results – June 2024
In the quarter of March 2024, the company made 1,598 sales with a net loss of Rs. 416 Crore. In the next quarter, the sales of the company increased by 46, i.e. sales increased from 1,598 to 1,644.
On the other side, there are also improvements in the company earnings. In the quarter, the company made a net loss of Rs. 347 crores. It is a huge achievement for the company if the earnings keep improving.
Ola Electric Share Price Target
As we know, Ola Electric Mobility Ltd is a loss-making company as the EVs are in the development phase because a lot of 2-wheeler electric c users are complaining a lot. We have also seen more than hundreds of cases on social media. That’s why people do not prefer using electric vehicles for now. These issues in electric cars can be fixed with time.
That is why we are not bullish on the Ola Electric share price target for 2024, 2025, and 2026. But it does not mean it is a bad stock or company. This company is also like Zomato, which was making a loss but once it started making a profit, we saw a multi-bagger return in the stock in just a few months.
| Year | Minimum Target | Maximum Target |
|---|---|---|
| 2024 | ₹135 | ₹140 |
| 2025 | ₹200 | ₹300 |
| 2026 | ₹450 | ₹500 |
Disclaimer: We are not SEBI registered, this post is only for educational purposes. We give the stock price targets based on analysts’ research, news, price action, etc. Please do research or talk to your financial advisor before making any decision.
Ola Electric Share Price Target 2024
Ola Electric stock was listed at a 0% premium but in just a few days the stock surged by more than 110%. But later, in a few days, the stock crashed by more than 30% because of the massive profit booking. As of 22 Sept 2024, the stock is trading in a range near Rs. 110 while its 52-week high was Rs. 157.40.
For the short term, the Ola Electric stock may move on any side which is hard to know. You can make a range of the stock in which it has been trading for the last few weeks. Plan a trade on your risk with a stop loss on the side where the stock is given the breakout.
If the stock breaks, its upper side range, the Ola Electric share price target for 2024 can be near Rs. 135 to Rs. 140.
Ola Electric Share Price Target 2025 and 2026
Currently, Ola Electric Mobility Ltd is the largest company in the 2-wheeler electric vehicle with a market share of 31%. Many other good companies are involved in the same sector.
As of Sept 2024, Ola Electric company is a loss-making company, and net losses are increasing each year. But the good thing is that low debt on the company with zero promoter holdings as of now.
In the 2-wheeler electric vehicles, a major problem is a lot of vehicles are not working properly, some vehicles also caught fire (seen on social media), the company takes a long time to repair it, and many other problems. Because of these problems people also avoid buying them, once these problems are solved we may see a huge spike in the selling of these vehicles.
The company may take a few years to become profitable just like Zomato and other new companies. During this time, the Ola Electric share price may fall badly. So, make sure you are ready for it.
If you want to invest in the stock for a good return, you should invest in the stock using technical analysis or when the stock is down by a specific price or level.
Using this strategy, you’ll invest in the stock at multiple levels which means your average buying price is much lower and you’ll get more return when the stock is started going up. If the company starts making profits the Ola Electric share price target for 2025 and 2026 may cross Rs. 450 to Rs. 500.
FAQs
As of 22 Sept, the Ola Electric stock is trading in a range and it looks like the stock can soon give a breakout upside or downside. If the stock gives a breakout upside then the stock can go near Rs. 135 to Rs. 140.
It can be a short-term trade, but in case the stock goes downside, avoiding it will be a great idea.
During the IPO, the company got a lot of money and had various plans-
1. Invest Rs. 16,000 million in research and development.
2. Utilise Rs. 12,264.27 million for capital expenditure for manufacturing plan upgrades.
3. Allocate Rs. 8,000 million for repaying the indebtedness of the subsidiary.
4. Rs. 3,500 million for growth in the market
5. and many more to expand the business and compete with other players in the industry.
The government is supporting the EV a lot to reduce the dependency on fuel and reduce pollution caused by fuel and other sources.
It is the largest company in the E2W sector and no doubt in the future the company will make profits and its stock price will be multi-bagger returns.
But during this bad time, the stock prices may go down with the time. The investors who have the ability and money to hold the stock for the long term can make good profits.
So, now it’s up to you to decide if the stock is good for you or not.
Final Words
If you are looking to generate good profits from the EV sector, then the Ola Electric share price target prediction of 2024, 2025, and 2026 analysis can help you. Ola Electic Mobility Ltd is the largest manufacturer of 2-wheeler electric vehicles with a market share of 31% but the company is loss-making.
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