On 6 Nov 2026, Zelio E-Mobility was priced at ₹1,009.20, or 66.7× trailing earnings, against an industry P/E of 33.1×, and the shares are 13% below their 52-week high. Its ROCE of 32% is the second-highest among the 7 largest Auto Manufacturers peers. Debt is 0.18× equity. It is listed on an SME platform with a market cap of ₹2,134 Cr, ranked 15th of 20 Auto Manufacturers companies by market cap; the shares rose 180% over the past year.
- ₹1,030.00
- ₹1,064.95
- ₹996.80
- ₹1,040.00
- 16K
Health check
- ReturnsAhead
+180.1% over a year, better than 7 of 7 peers.
- Price tagPricier
P/E 66.7 vs industry 33.1.
- Growthn/a
Not enough yearly results to measure.
- ProfitabilityStrong
ROCE 31.6% vs peer median 26.1%.
- Balance sheetSolid
Debt 0.18× equity, interest covered 17.9×.
- Red flags1 to check
P/E of 66.7 against an industry P/E of 33.1.
Small cap
Market sensitivity
Key metrics
- Market cap
- ₹2,134 Cr
- Small cap
- P/E
- 66.7
- Industry 33.1
- Price to book
- 19.14
- Peers 8.38
- Dividend yield
- 0.00%
- ROE
- 41.1%
- Peers 24.1%
- ROCE
- 31.6%
- Peers 26.1%
- Debt to equity
- 0.18
- Debt ₹20 Cr
- EPS (TTM)
- ₹15.14
- OPM (TTM)
- 10.2%
- Net margin 9.1%
- Sales growth
- +80.5%
- Latest quarter vs a year ago
- Profit growth
- +45.3%
- Latest quarter vs a year ago
- Price to sales
- 6.87
- EV/EBITDA 60.7
Strengths and risks
Strengths
- Return on equity of 41.1%.
- Return on capital employed of 31.6%.
- Quarterly profit up 45.3% on a year ago.
- Quarterly sales up 80.5% on a year ago.
Risks to check
- P/E of 66.7 against an industry P/E of 33.1.
About Zelio E-Mobility
Zelio E-Mobility Limited manufactures, assembles, and supplies electric vehicles. The comapny offers a range of electric two-wheelers such as Eeva, Gracy pro, Mystery, XMen, Little Gracy, Legender, Logix, and Gracy series under Zelio brand; and commercial electric three-wheelers such as Logix e-loader cargo series and butterfly passenger vehicles under Tanga brand. It also provides accessories, which includes smart chargers, vehicle accessories, and…
- Headquarters
- Hisar
- Employees
- 226
- Sector
- Consumer Cyclical
- ISIN
- INE1B3501014
- Website
- zelioebikes.com
Price range
- Avg volume (3M)
- 14.8K
- 1-year return
- plus 180.1%
- From 52-week high
- minus 12.9%
Peers · Auto Manufacturers
| Company | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| MARUTIMaruti Suzuki India | 12,750.00 | plus 0.77% | 4,00,863 | 29.8 | 3.68 | 17.2% | 12.9% | 10.2% | 15.9% | 21.1% | 1.10% | minus 17.7% |
| M&MMahindra & Mahindra | 3,287.20 | plus 5.11% | 3,94,715 | 19.0 | 3.75 | 17.1% | 20.1% | 18.2% | 17.5% | 18.5% | 1.00% | minus 12.7% |
| BAJAJ-AUTOBajaj Auto | 10,900.00 | plus 1.32% | 2,99,536 | 23.3 | 8.21 | 26.1% | 35.6% | 21.0% | 19.5% | 21.0% | 1.38% | plus 22.9% |
| TVSMOTORTVS Motor Company | 4,491.70 | plus 0.94% | 2,13,457 | 55.8 | 18.81 | 28.8% | 37.2% | 14.5% | 20.2% | 31.4% | 0.27% | plus 28.1% |
| EICHERMOTEicher Motors | 7,669.50 | minus 0.56% | 2,10,544 | 36.5 | 8.38 | 26.4% | 23.8% | 25.2% | 17.5% | 23.7% | 1.07% | plus 11.3% |
| HYUNDAIHyundai Motor India | 2,130.00 | plus 0.42% | 1,73,071 | 37.8 | 8.50 | 32.6% | 24.1% | 10.3% | 5.5% | 4.9% | 0.99% | minus 11.4% |
| TMCVTata Motors | 425.50 | minus 0.83% | 1,56,704 | 24.8 | 10.26 | 25.5% | 26.0% | 10.4% | – | – | 0.94% | plus 29.2% |
| ZELIOZelio E-Mobility | 1,009.20 | minus 2.96% | 2,134 | 66.7 | 19.14 | 31.6% | 41.1% | 10.2% | – | – | 0.00% | plus 180.1% |
| Median of 7 peers | – | 0.77% | 2,13,457 | 29.8 | 8.38 | 26.1% | 24.1% | 14.5% | 17.5% | 21.1% | 1.00% | 11.3% |
Quarterly results
This company doesn’t report these figures in a format we can read yet.
Profit & loss
- ROE
- 41.1%
| ₹ Cr | Mar 2026 |
|---|---|
| 311 | |
| 276 | |
| 35 | |
| 11.3% | |
| 2.8 | |
| 2 | |
| 1.5 | |
| 0.1 | |
| 34.4 | |
| 17.5% | |
| 28.4 |
Forecast
Balance sheet
| ₹ Cr | Mar 2026 |
|---|---|
| 21.2 | |
| 90.4 | |
| 19.9 | |
| 23.5 | |
| 155 | |
| 20.7 | |
| 6.9 | |
| 26 | |
| 101 | |
| 155 |
Cash flow
| ₹ Cr | Mar 2026 |
|---|---|
| −11.2 | |
| −6.6 | |
| 43.5 | |
| 25.7 | |
| −10.1 | |
| −21.3 |
Shareholding pattern
This company is listed only on BSE, so there’s no NSE category split. See Major shareholders below for the named holders.
Major shareholders
Filings & events
News
No recent news coverage found.