OLA Electric Review & Recommendations

OLA Cabs Peer Comparison

Ola Electric Mobility Limited peer comparison with similar listed entities. (As on March 31, 2023)

Source: All the financial information for listed industry peers mentioned above is on a consolidated basis (unless otherwise available only on a standalone basis) and is sourced from the annual reports / annual results as available of the respective company for the of or for the financial year ended March 31, 2023.

Notes:

• Basic/Diluted EPS refers to the Basic/Diluted EPS sourced from the financial statements of the respective peer group companies for the financial year ended March 31, 2023.
• RoNW is computed as net profit after tax attributable to shareholders divided by total equity attributable to the equity shareholders as on March 31, 2023. Return on Net Worth (%) is calculated as loss for the year/period divided by the Net Worth at the end of the respective year/period.
• NAV per equity share refers to total equity attributable to the equity shareholders as at the end of the financial year/ period divided by the number of Equity Shares outstanding at the end of the year/ period.
• The P/E ratio for the peer group has been computed based on the closing market price of equity shares on NSE as on December 20, 2023, divided by the Diluted EPS for the financial year ended March 31, 2023EV refers to Enterprise Value which is computed as Total Market Capitalization and Net Adjusted Debt as of June 30, 2023 (as per Restated Ind AS Summary Statements). Total Market Capitalization is the product of the post-offer outstanding Equity Shares multiplied
  121by the Offer Price for the company