Ola Electric Share Price: The Ola scooter is eco-friendly and comes with advanced technology, with a smart app allowing users to track the location and battery status of their scooter. Ola Electric has a vision to make India a leading market for EVs by 2030. Here we will discuss about the Ola Electric Mobility Stock Price Forecast for 2024 to 2030, company financials, fundamentals and more.
Ola Electric Mobility Company Overview
Ola Electric, a part of Ola Cabs, was founded in 2017. Its main objective is to promote electric vehicles (EVs) and transportation in India. The company is headquartered in Bengaluru, Karnataka, and launched its first product, the Ola Scooter, in 2021.
In addition, Ola Electric has set up the “Future Factory”, the world’s largest two-wheeler EV manufacturing facility. The factory uses advanced robotics to produce high-quality EVs. Today, Ola Electric has become a major player in the electric vehicle market and its innovative solutions are expected to grow further in the future.
| 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 |
Ola Electric Fundamental Analysis
| 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 |
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Ola Electric Financials
Income Statement
| (INR) | 2024 | 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
| (INR) | 2024 | 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 | 17.91 | — |
| Return on assets | -15.12% | — |
| Return on Capital | -22.91% | — |
Cash Flow
| (INR) | 2024 | 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% |
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Ola Electric Share Price Target From 2024 to 2030
| Year | Target Price |
|---|---|
| Ola Share Price Target 2024 | ₹130 |
| Ola Share Price Target 2025 | ₹350 |
| Ola Share Price Target 2026 | ₹440 |
| Ola Share Price Target 2027 | ₹530 |
| Ola Share Price Target 2028 | ₹620 |
| Ola Share Price Target 2029 | ₹710 |
| Ola Share Price Target 2030 | ₹820 |
Ola Electric Share Price Target 2024
In 2024, the share price target of Ola Electric may be close to 130 INR. This is because the company is expanding its product portfolio and strengthening its position in the EV market. If the company achieves its sales target and increases production capacity, the share price may see a good increase.
Ola Electric Share Price Target 2025
By 2025, Ola Electric’s share price target could be around 350 INR. By this time, the company’s sales are likely to increase, and the launch of new models will also increase customer interest. If the company can increase its manufacturing capabilities, investor confidence will also increase.
Ola Electric Share Price Target 2026
In 2026, Ola Electric’s share price target will be 440 INR. The demand for electric vehicles is increasing in the market, and Ola Electric’s strategic partnerships and marketing strategies will give the company greater growth potential. This growth will support price appreciation.
Ola Electric Share Price Target 2027
By 2027, Ola Electric’s share price target could be around 530 INR. If the company successfully markets its innovative products and sustainable practices, this target could be achievable. The company’s revenue is also growing as the trend of electric vehicles is increasing.
Ola Electric Share Price Target 2028
In 2028, Ola Electric’s share price target is likely to reach 620. By this time, the company would have increased its manufacturing scale and also expanded its market share. An increase in the rate of EV adoption and some government policies may support this.
Ola Electric Share Price Target 2029
By 2029, the Ola Electric share price target could be 710 INR. This time frame will be important as the competition in the market will also increase. If Ola Electric launches its products with new features, it can strengthen its position in the market.
Ola Electric Share Price Target 2030
In 2030, Ola Electric’s share price target is expected to reach 820 INR. At present, the company is expected to have a significant share in the electric vehicle market with its strong brand presence and customer loyalty. If the company also moves towards global expansion, the growth can increase even more.
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Ola Electric Shareholding Patterns
- Retail & Other: 53.88%
- Promoters: 36.78%
- Foreign Institution: 4.18%
- Mutual Funds: 4.62%
- Other Domestic Institution: 0.54%
Ola Electric Competitors/Peer Companies
- TVS Motor Company
- Eicher Motors
- Wardwizaard Innov
- Hero MotoCorp
- Urja Global
- Bikewo Green Tech
- Tunwal E-Motors
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Conclusion
In this blog, we have discussed Ola Electric Share Price, business model and future growth prospects. Ola Electric is making a good position in the market with its innovative electric vehicle solutions, and their focus on technology and customer satisfaction gives them an edge over the competition.
Ola Electric’s stock performance and market trends show that the company has great potential. As the demand for EVs is increasing, Ola Electric’s growth prospects are also increasing.
Lastly, we request that you all share your views on the blog. How do you think Ola Electric’s share price will increase in the future? Your views are always welcome!
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FAQs
-
Is Ola Electric a good stock to buy?
Yes.
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Can I invest in Ola Electric?
Yes.
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Is Ola Electric profitable?
Not yet.
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Is Ola share good for long term?
Yes.
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Is Ola Electric in the share market?
Yes.
Disclaimer: The information in this blog is for educational purposes only, and the targets mentioned in it are given as suggestions by market analysts. Therefore, before investing your money in any company, it is mandatory to get complete information about the company and consult your financial advisor.
