Ola Electric share price today

Ola Electric Mobility Ltd's share price was ₹35.04 at the close on 4 November 2026. It has been falling for 9 weeks. That is 7.9% below its average price over the last 200 trading days. In the last 52 weeks it traded between ₹23 and ₹47, and at that close it sat 49% of the way up from that low.

A share price tends to move through four phases: moving sideways (stage 1), rising (stage 2), stalling near a high (stage 3) and falling (stage 4). Today Ola Electric Mobility Ltd is in stage 4. The phase helps read everything below.

Over the past 13 weeks it has done worse than the NIFTY 500, and it has been behind for 16 weeks running.

Over the last 2.2 years the share price moved −62% while the NIFTY 500 moved −3%, so it is behind the index over that whole period. It was last ahead over 13 weeks in the week of 17 July 2026. The chart above shows the 13-week comparison for every week.

This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row.

Three changes stood out: revenue down on a year earlier for 7 quarters in a row, operating margin down 7 points on a year earlier and profit up on a year earlier for 4 quarters in a row.

1. Revenue down on a year earlier for 7 quarters in a row

   In the June 2026 quarter revenue was ₹455 crore, -45% on a year earlier.

   Why: Cell production was paused while installation was finished, which held back vehicle deliveries and created a backlog.

   Next results: check whether cell production restarts and own cell output begins scaling.

   From the earnings call on 7 Aug 2026.

2. Operating margin down 7 points on a year earlier

   -36% in the June 2026 quarter, from -29%.

   Why: The company still sold too little to cover its fixed costs, so the operating loss was wider than a year earlier.

   Next results: check whether selling more vehicles narrows the operating loss and cash burn without new capex.

   From the earnings call on 7 Aug 2026.

3. Profit up on a year earlier for 4 quarters in a row

   In the June 2026 quarter profit was ₹-336 crore, +21.5% on a year earlier.

   Why: The company reset its operating model and cut its cost base, so the loss narrowed.

   From the earnings call on 7 Aug 2026.

For April to June 2026 (the quarter ended 30 June 2026), Ola Electric reported revenue of ₹455 crore, down 45.0% from ₹828 crore a year earlier, and a loss of ₹336 crore.

Ola Electric results: April to June 2026 against a year earlier

The next results, for July to September 2026, are due by 14 November 2026: listed companies must publish quarterly results within 45 days of the quarter's end (60 days for the January to March quarter).

Ola Electric's management discussed these results on a call held on 7 August 2026; what it said is further down this page.

From the company's reported quarterly results (quarter ended 30 June 2026). Revenue and profit in ₹ crore.

Ola Electric closed at ₹35.04 on 4 November 2026, down 24.7% from ₹46.55 a year earlier (7 November 2025). Its highest weekly close since August 2024 was ₹133.08 on 16 August 2024.

Ola Electric share price: then and now

Weekly closing prices. Each change is the move from that price to the 4 Nov 2026 close. A day's intraday high or low can go beyond these weekly closes.

121 weekly closes from 9 August 2024 to 4 November 2026.

4 Nov 2026: Ola Electric closed at ₹35.04, up 5.6% on the week and down 3.8% on the month. 7 Aug 2026: Ola Electric held its results call for April to June 2026. Management guided: Automotive gross margins around 30-32% over the next quarter or two.

Earlier

• Results for April to June 2026: Revenue down 45.0% on a year earlier.

Ola Electric has paid no dividend on the NSE since its first NSE close in our records (9 August 2024), the start of the period we checked.

No. Ola Electric Mobility Ltd paid out 0% of its profit as dividends in each of its last 6 reported years, so there is no payout history to show. That comes from the filed annual statements, not an estimate.

From the NSE corporate-actions record, read 5 November 2026.

On the call for April to June 2026, held on 7 August 2026, Ola Electric's management guided: Automotive gross margins around 30-32% over the next quarter or two.

“Therefore, no more capex for the foreseeable future is my direct guidance to you.”Bhavish Aggarwal, on the call for April to June 2026

What management guided

• Operating expenses to ₹300-325 crore over the next couple of quarters.
• Service revenue approximately ₹400-500 crore by FY28.
• Cell ramp: 6 GWh commissioning this quarter and yields above 90% within one quarter of restart later this month.
• Post-cell capital spending planned at ₹50 crore for FY27, with no further capital spending foreseeable.

Management’s own plans and goals, from our notes of the call. A plan is not a result.

Source: the call transcript.

From the call for April to June 2026, 7 August 2026.

When Ola Electric reports July to September 2026, these are the 4 checks that show whether the story is still on course. First: Cell production restart and yield improvement - verify whether own-cell output and battery-business contribution begin scaling.

Ola Electric is on 2 of our India lists: Small & mid cap stocks and Penny stocks.

Ola Electric Mobility Ltd posted a net loss of ₹336 Cr in the Jun 2026 quarter. The full FY26 year was a loss of ₹1,833 Cr. That loss is 73.8% of the quarter's revenue. The same quarter a year earlier lost ₹428 Cr. 12 of the last 12 reported quarters were loss-making.

Net profit is what is left after every cost, interest and tax. Earnings per share, dividends and book value all grow from it.

Ola Electric Mobility Ltd reported ₹455 Cr of revenue in the Jun 2026 quarter, −45.0% on the same quarter a year earlier. Over 5 years it has grown 368.3% a year on average. The last full year, FY26, came in at ₹2,253 Cr. The last four reported quarters add to ₹1,880 Cr.

Revenue is everything the company billed its customers in the period.

FY26 revenue was ₹2,253 Cr, −50.1% on the year before.

Recent pace: the last four quarters grew −50.0% on average, against 368.3% a year over the longer run, so this year is growing slower than its own long-run rate.

Is growth speeding up? Revenue over the last 12 months grew −49.2%, against −41.1% a year over the last 8 quarters (rolling over).

Ola Electric Mobility Ltd's operating margin was −36.0% in the Jun 2026 quarter, 7.0 percentage points lower than the same quarter a year ago. Across 6 years it has been between −27,700.0% and −25.0%. The latest quarter is within that range.

Operating margin is what is left from every ₹100 of sales after the costs of running the business, before interest and tax. It shows pricing power and cost control.

Why the margin moved: operating margin changed −7.6 percentage points on the year while gross margin changed +4.5 points. So the drop came mostly from costs below the gross margin, such as staff and overheads, measured against sales.

Ola Electric Mobility Ltd's cash-flow history is too short to judge how much of its profit turns into cash. In FY26 its operations used ₹775 Cr of cash, against −₹1,833 Cr of profit. After ₹676 Cr of spending on assets, free cash was −₹1,451 Cr: it spent more than its operations brought in.

The profit and loss account shows what was earned. The cash-flow statement shows the cash that actually came in. Comparing operating cash flow with profit is one of the best checks that a profit is real.

Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year.

What to look at next: the bigger use of cash is spending on new assets, at 2.3× depreciation over three years. The next section checks what that spending is building.

Ola Electric Mobility Ltd's cash cycle, the days between paying suppliers and getting paid by customers, was −91 days in FY26, down from 161 days in FY21. It spent ₹3,730 Cr on assets over the last 3 years. Customers take 5 days to pay, and stock sits for 63 days on average.

Working capital is the cash tied up between paying suppliers and getting paid. Debtor days: how long customers take to pay. Inventory days: how long stock sits. The cash cycle: the whole loop, in days of sales.

At FY26 sales of ₹2,253 Cr, each day of that cycle ties up about ₹6.2 Cr, so roughly −₹562 Cr is tied up in the business at any time.

FY26: customers took 5 days to pay and stock sat for 63 days, about 2.1 months of sales sitting as stock, for a full cycle of −91 days, shorter than FY21's 161.

The full loop: cash goes out to suppliers and production on day 0. Stock sits for 63 days. Customers pay about 5 days after that. Suppliers are paid at 159 days. Together that makes the −91-day cycle.

Spending on assets: ₹3,730 Cr over the last 3 years, against ₹1,608 Cr of depreciation (the yearly wear and tear on existing assets). So it is building well beyond replacing what wears out. Work still in progress is ₹1,067 Cr (FY26): assets paid for that are not earning yet.

In short: the cash is going into new capacity, not getting stuck in the daily cycle. The question is whether the new capacity earns.

Ola Electric Mobility Ltd has no P/E right now, because its earnings are negative. The revenue and margin sections are where a turn would show first. Measured against sales instead, the market values Ola Electric Mobility Ltd at 7.8× its FY26 revenue of ₹2,253 Cr. The P/E comes back here once profit turns positive.

P/E is the share price divided by a year's profit per share: how many rupees the market pays for each rupee of yearly profit.

Ola Electric Mobility Ltd's business trend cannot be read yet. There are fewer than eight usable quarters of growth figures, so there is not enough history to read the trend. This is based on 9 quarters of 2 measures, with some gaps.

Every business is somewhere on a path of getting better or worse, and this section names where. The last 12 quarters of growth in revenue, profit and earnings per share, plus the return the business earns on its capital, are read as lines. Getting worse: the lines are falling. Turning around: a low point has just formed and the last few quarters are rising from it. Getting better: the rise from the low has lasted. Growing steadily: steady growth with healthy returns. Slowing from a peak: still high, but slowing. When the lines disagree the result is mixed; too little history means no reading. CAGR (compound annual growth rate) is the steady yearly rate that would turn the starting value into the latest one. It is the fairest way to compare growth over different periods. If the 1-year figure is much bigger than the 10-year one, recent growth is running faster than the long-run trend. A dash means there is no figure for that period, or the starting year was a loss, where a growth rate means nothing.

Why it matters: with too little history, we say so rather than guess a direction.

One or more growth lines have an extreme jump caused by comparing with a near-zero or loss-making quarter. Those jumps are capped before reading and drawn at the edge of the chart, so one odd quarter does not decide the result.

There are fewer than eight usable quarters, so this page does not guess a direction from so little history.

Compound annual growth rate (%)

Compound annual growth rate over each period, %. Revenue, profit and EPS come from yearly figures; the share price row is price growth over the same periods. A dash means no figure for that period, or the starting year was a loss.

Ola Electric Mobility Ltd earned a ROCE of −20% in FY26. That is up from a low of −32% in FY24. Its return on capital used (ROIC) is 25.2 percentage points below its cost of capital, so growth here does not yet pay for the capital it uses.

Return on capital employed (ROCE) is the profit the whole business earns on all the money in it, from shareholders and lenders together. It is the best single test of whether growth adds value or just size.

It comes from a −81.4% net margin and 0.29× asset turnover (sales divided by assets).

Why the return is what it is (FY26): a −81.4% net margin × 0.29× asset turnover × 2.32× leverage (assets divided by equity) ≈ −54.8% on equity. The margin does its share; borrowing is a big part of it.

The key test, return on capital used minus the cost of capital: −13.2% − 12.0% = −25.2 percentage points. The 12.0% is a standard assumption for the cost of capital in India, not an estimate for this company. Read the sign and size of the gap, not the decimals. Negative: growth at these returns loses value until returns improve.

Ola Electric Mobility Ltd has total debt of ₹2,763 Cr against shareholder equity of ₹3,351 Cr as of Jun 2026, so its debt is 0.82× its equity. Year by year, that ratio went from 1.34 in FY24 to 0.82 in FY26. Keep that borrowing in mind when reading the returns on this page.

Debt-to-equity shows how much of the business is paid for with borrowed money. Lower is safer, and the direction matters as much as the level.

Domestic institutions raised their stake in Ola Electric Mobility Ltd by 6.6 percentage points over 8 quarters, the biggest change among its owners. Domestic institutions now own 11.8% of the company. Promoters moved −3.8 points over the same period, to 33.0%. This uses the four owner groups that companies report every quarter; nothing is guessed between filings.

Who owns the company each quarter: promoters (the founders or controlling owners), foreign institutions, domestic institutions such as mutual funds, and the public. When people close to the business steadily raise their stake, that is worth noticing; a quiet list is also an answer.

Over the last two years: Domestic institutions: +6.6 points over 8 quarters, to 11.8%; Promoters: −3.8 points over 8 quarters, to 33.0%; Foreign institutions: +0.6 points over 8 quarters, to 4.7%.

Why the owners changed: domestic institutions drove it (+6.6 points), with the other side taken by promoters (−3.8 points). They raised their stake step by step.

For Ola Electric Mobility Ltd, the Z-score is not available, so we say so rather than guess one. It estimates how far the balance sheet is from trouble; it is not a forecast of failure. The debt, cash-flow and return sections show the balance-sheet figures we do have, each with its own date.

The Z-score estimates how far a company is from balance-sheet trouble. Above about 3 is safe; below about 1.8 is the danger zone. It was built for manufacturers, so it is not used for banks and lenders.

31.8 out of 100, rank 7 of 8 in Auto - 2 & 3 Wheelers, with 53% of the evidence available.

Ola Electric Mobility Ltd scores 31.8 out of 100 against the 8 companies it is compared with in Auto - 2 & 3 Wheelers, ranking 7. Some evidence is missing, so the score is pulled toward the middle on purpose.

The four parts add up to the total exactly: 13.3 + 0 + 10 + 8.5 = 31.8. This is the same number shown on the industry page; it is worked out once for the whole group and read here.

What would change it: The score would fall if profit growth turns negative or margins stop improving while the share price lags its sector.

Ola Electric ranks 7 of 8 Auto - 2 & 3 Wheelers companies on the 4-Factor Sector Score, with 31.8 out of 100.

Missing figures are not scored as bad. They lower the confidence and pull the final score toward the middle. Relative strength counts only when the company has a reading for this week; with no reading, that factor is left out and its 20 points are shared across the other three in proportion. PEG is not shown when the ratio cannot mean anything: the company must be making a profit, its price-to-earnings must be positive, and its three-year earnings growth must fall between 5% and 60%. Dividing a price multiple by a loss, or by growth measured off a tiny base, produces a number that looks precise and tells you nothing. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led NIFTY 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step path the industry is placed on (basing, turning, breaking out, leader, fading, asleep), read from how many weeks running it has led NIFTY 500 and whether that lead is growing or shrinking. It describes where the share price stands, not the direction of earnings, and it is not a recommendation; it is left blank for a company whose weekly history is too short or too stale to read.

The figures in this ranking come from the industry comparison: results through the Sep 2026 quarter, and the P/E at that quarter's end. The sections above use the latest weekly price, so a P/E or return there can differ a little from the one here. The stage words in this ranking (such as losing its lead or breaking out) describe the lead over the index, not the price phase in the price section.

Related companies: Auto - 2 & 3 Wheelers, all 8 compared on one page.

Ola Electric is the 6th largest of 8 Auto - 2 & 3 Wheelers companies on Sector Alpha by market value (scores of 30 October 2026). Just above it: TVS Motor Company, Eicher Motors, Hero MotoCorp and Ather Energy. Just below it: Atul Auto and Munjal Showa.

Auto - 2 & 3 Wheelers companies close in size

2. TVS Motor Company Ltd ₹1,99,309 crore
3. Eicher Motors Ltd ₹1,98,205 crore
4. Hero MotoCorp Ltd ₹1,03,424 crore
5. Ather Energy Ltd ₹71,366 crore
6. Ola Electric Mobility Ltd ₹16,586 crore
7. Atul Auto Ltd ₹1,128 crore
8. Munjal Showa Ltd ₹498 crore

All 8 Auto - 2 & 3 Wheelers companies, largest first

Companies close in size in other industries

410. Engineers India Ltd ₹16,785 crore · Infra - Engineering - General
411. Azad Engineering Ltd ₹16,687 crore · Aerospace & Defence - Equipments
412. Ola Electric Mobility Ltd ₹16,586 crore
413. BEML Ltd ₹16,563 crore · Aerospace & Defence - Equipments
414. CESC Ltd ₹16,521 crore · Power - Generation/Distribution

Sector Alpha, written by code from the published numbers. Data as of 4 November 2026.

Every chart on this page is drawn by code from the published figures, with no forecasts and no price opinions.

See the plain-text version of this page.