OLA Electric IPO Peer Comparison
Ola Electric Mobility Limited peer comparison with similar listed entities. (As on March 31, 2024)
| Company Name | EPS (Basic) | EPS (Diluted) | NAV (per share) (Rs) | P/E (x) | RoNW (%) | P/BV Ratio | Financial statements |
|---|
| Ola Electric Mobility Limited | -4.35 | -4.35 | 5.54 | | -78.46 | | Consolidated |
| Tvs Motor Company Ltd. | 35.50 | 35.50 | 158.10 | 69.69 | 23.68 | 15.49 | Consolidated |
| Eicher Motors Ltd. | 146.18 | 145.92 | 659.06 | 36.78 | 22.17 | 7.44 | Consolidated |
| Bajaj Auto Ltd. | 272.70 | 272.70 | 1,037.41 | 29.95 | 26.61 | 9.38 | Consolidated |
| Hero Motocorp Ltd. | 187.36 | 187.04 | 892.08 | 27.16 | 20.98 | 6.06 | Consolidated |
Notes:
- All the financial information for listed industry peers mentioned above is on a consolidated basis (unless otherwise available only on standalone basis). It is sourced from the annual reports / annual results as available of the respective company for the year ended March 31, 2024 submitted to stock exchanges.
- Financial information of Ola Electric Mobility Limited has been derived from the Restated Consolidated Financial Information as at or for the financial year ended March 31, 2024.
- The Basic/Diluted EPS refers to the Basic/Diluted EPS sourced from the financial statements of the respective peer group companies for the year ended March 31, 2024.
- The RoNW is computed as net profit after tax attributable to shareholders divided by total equity attributable to the equity shareholders as on March 31, 2024. Return on Net worth (%) is calculated as loss for the year divided by Net Worth at the end of the respective year.
- NAV per equity share refers to total equity attributable to the equity shareholders as at the end of the financial year divided by the number of Equity Shares outstanding at the end of the year.
- The P/E ratio for the peer group has been computed based on the closing market price of equity shares on NSE as on July 25, 2024, divided by the Diluted EPS for financial year ended March 31, 2024 EV refers to Enterprise Value which is computed as Total Market Capitalization and Net Adjusted Debt as of March 31, 2024 (as per Restated Ind AS Summary Statements). Total Market Capitalization is the product of the post-Offer outstanding Equity Shares multiplied by the Offer Price for the Company.
