OL
NSE:OLAELEC·Consumer Cyclical·Verified
OLA ELECTRIC MOBILITY LTD
₹44.48
-1.03(-2.26%)Day range₹44.02 – ₹45.83
52-week range₹22.25 – ₹71.25
Mkt Cap
19,654 Cr
P/E (TTM)
0.00
P/B
5.85
Div Yield
0.00%
Open / Prev
45.80 / 45.51
From 52W High
−37.57%
From 52W Low
+99.91%
Day Range
44.02–45.83
Preview · OLAELEC
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Briefing
OLA ELECTRIC MOBILITY LTD — the brief
OLA ELECTRIC MOBILITY LTD (OLAELEC) trades on the NSE at ₹44.48 with a market capitalisation of 19,654 Cr. Classified under Consumer Cyclical · Auto Manufacturers.
Auditor’s report (CARO 2020)
Auditor’s assessment Serious flags. Auditor: B S R & Co. LLP. Opinion: Qualified. Fiscal year FY24-25. 5 critical, 5 material, 0 minor flags.
- Proper books of account exceptions: The auditor found exceptions to proper accounting books related to audit trail features in accounting software.
- Audit trail feature not enabled in accounting software: Critical internal control deficiency: audit trail logging was not properly configured in the general ledger system, preventing detection of unauthorized data modifications.
- Audit trail not enabled for revenue transaction records: Revenue transactions lack audit trail logging at database level, creating a gap in controls over financial record integrity.
- Unable to assess audit trail in payroll and after-sales service systems: Absence of third-party assurance prevents the auditor from confirming audit trail controls exist in critical payroll and service systems.
Related-party transactions
Assessment Notable. Disclosed volume of ₹680 Cr across 30 related parties. Fiscal year FY24-25.
- Large expense reimbursements to promoter-linked ANI Technologies: The Group reimbursed ₹191 Cr to ANI Technologies Private Limited (a company in which the promoter/director Bhavish Aggarwal is interested) for expenses incurred on its behalf, representing a significant and recurring related-party cash outf
- Material payables outstanding to promoter-linked entities ANI and OFT: Year-end payables to ANI Technologies (₹201 Cr) and Ola Fleet Technologies (₹171 Cr), both companies in which directors/promoter are interested, aggregate ₹372 Cr and represent a significant ongoing financial obligation to related parties.
- New material purchase of services from promoter-linked Krutrim SI Designs: The Group paid ₹26 Cr for purchase of services from Krutrim SI Designs Private Limited (a company in which directors are interested) in FY25 versus nil in FY24, indicating a new and growing related-party service dependency that warrants scr
Contingent liabilities
Assessment Concerning. Total disclosed: ₹2,984 Cr (58.0% of net worth). Fiscal year FY24-25.
- Corporate guarantee for Ola Electric Technologies Pvt Ltd borrowings
- Corporate guarantee for Ola Cell Technologies Pvt Ltd borrowings
“In case of accounting software used for maintaining details relating to Revenue for Holding Company and its subsidiary companies incorporated in India (as applicable), the feature of recording audit trail (edit log) facility was not enabled at databased level to log direct data changes.”
Forensic signal
From the company's own filingsSignal dossierOLAELEC
1
Momentum
-2.26%2
52-Week
45% of range3
Yield
0.00%4
Size
19,654 CrWeak: Momentum · Yield
45%
25%