Ola Electric Share Price Target 2027–2030: Revenue-Based Forecast After Q2 FY27

Price as of 13 Nov 2026 close: ₹34.66 (NSE: OLAELEC, BSE: 544225). Results are consolidated Q2 FY27 figures (quarter to 30 Sep 2026) as reported by BW Businessworld, GuruFocus and Multibagg. Price and trailing figures from StockAnalysis.

Ola Electric’s Q2 FY27 revenue fell 39% to ₹421 crore as deliveries dropped 34% to 34,667 vehicles. The company blamed supply, not demand: about 5,000 paid orders in September were delayed by charger shortages. Net loss narrowed year on year to ₹362 crore but widened from Q1, and the shares fell up to 6% after results. Ola is now shifting to a dealer-led model, targeting 450 stores by December. With no profits, we use revenue per share × price-to-sales: at ₹34.66 it trades at about 9.5× annualised revenue.

1. Ola Electric Share Price Targets 2027–2030 at a Glance

All three scenarios come from one formula (next section). Targets are for the end of each calendar year.

The base case implies a price change of roughly 11% a year from today's ₹34.66 to the end of 2030.

2. How We Calculate These Targets

Target = projected revenue per share × P/S multiple. Ola Electric is loss-making, so P/E cannot be used. Each target uses projected revenue for the financial year closest to it (for example, the 2027 target uses FY27 revenue). Read our full methodology.

• Starting Revenue per share: Q2 FY27 revenue annualised: ₹421 crore × 4 ÷ ~463 crore shares ≈ ₹3.64 per share.
• Bear case: Revenue per share grows 0% a year, P/S 3×. Market share keeps falling and the market values Ola like a struggling manufacturer.
• Base case: Revenue per share grows 25% a year, P/S 6×. Volumes recover from a low base as supply issues ease and the dealer network grows; P/S falls from ~9.5×.
• Bull case: Revenue per share grows 40% a year, P/S 9×. Ola regains share and its battery cell business becomes a profitable second engine.

Worked example (base, 2027): ₹3.64 × 1.25 = ₹4.55 FY27 Revenue per share → × 6 = ₹27.

Sensitivity — 2030 base-case Revenue per share of ₹8.89 at different multiples:

3. Latest Results: What Changed

What changed: revenue and deliveries fell again, and operating losses widened from Q1. Management attributes the drop to supply constraints and is moving to a dealer-led sales model, with production expected to rise from December.

What it means for the targets: the base case needs volumes to recover strongly; the bear case assumes they don’t.

4. Ola Electric Share Price in 2026: Where It Stands

With only weeks left in 2026, a year-end "target" is not meaningful. The stock closed at ₹34.66 on 13 Nov 2026, within a 52-week range of ₹22.25 – ₹49.05. Production is expected to rise from December as supply issues ease.

5. Ola Electric Share Price Target 2027: ₹11 – ₹46 (Base ₹27)

Based on FY27 Revenue per share of ₹3.64 / ₹4.55 / ₹5.10 (bear / base / bull). What to watch: monthly vehicle registrations and market share.

6. Ola Electric Share Price Target 2028: ₹11 – ₹64 (Base ₹34)

Based on FY28 Revenue per share of ₹3.64 / ₹5.69 / ₹7.13 (bear / base / bull). What to watch: the dealer network roll-out (450 stores targeted).

7. Ola Electric Share Price Target 2029: ₹11 – ₹90 (Base ₹43)

Based on FY29 Revenue per share of ₹3.64 / ₹7.11 / ₹9.99 (bear / base / bull). What to watch: cash burn and progress on in-house battery cells.

8. Ola Electric Share Price Target 2030: ₹11 – ₹126 (Base ₹53)

Based on FY30 Revenue per share of ₹3.64 / ₹8.89 / ₹13.98 (bear / base / bull). What to watch: by 2030 small yearly differences compound into a wide range; revisit after each annual result.

9. Key Metrics

10. Risks That Would Break the Base Case

• Market share: Bajaj, TVS, Ather and others have taken share.
• Cash burn: continued losses may require more funding and dilution.
• Execution: supply problems and a change in sales model at the same time.
• Policy: EV subsidies and incentives can change.

11. What the Numbers Suggest

Ola Electric is still shrinking, and its turnaround depends on fixing supply and building a dealer network. The variable to track is monthly registrations from December onward. If volumes recover, the base case (₹53 by 2030) is reasonable; continued share losses point to the bear case.

This is a framework, not a recommendation. Your own decision should depend on your time horizon, risk tolerance and existing holdings.

12. FAQs on Ola Electric Share Price

What is the Ola Electric share price target for 2027?
Our base case is ₹27, assuming 25% annual Revenue per share growth and a 6× P/S. The range is ₹11 (bear) to ₹46 (bull).

What is the Ola Electric share price target for 2030?
Base case ₹53; range ₹11 to ₹126. It assumes FY30 Revenue per share of about ₹8.89.

What were Ola Electric’s Q2 FY27 results?
Revenue fell 39% to ₹421 crore and net loss was ₹362 crore.

How many scooters did Ola deliver in Q2 FY27?
34,667, down 34% year on year.

Why did Ola’s deliveries fall?
The company cited supply constraints, including charger shortages that delayed about 5,000 paid orders.

What is Ola’s dealer-led model?
Ola is shifting from company-owned stores to dealers, targeting 450 stores by December 2026.