Tunwal E-Motors Peer Comparison

NSE: TUNWAL

₹26.25

₹0.35 (1.35%)

As on 05-Oct-2026IST

Market cap

₹151 Cr

Revenue (TTM)

₹179 Cr

P/E Ratio

11.8

P/B Ratio

1.2

Div. Yield

0 %

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	Tunwal E-Motors	Ather Energy	Ola Electric Mobility	Maharashtra Scooters	Zelio E-Mobility
Market cap (₹ Cr)	151	56,096	16,982	14,286	2,236
Revenue (₹ Cr)	179	4,244	1,880	289	311
Net Profit (₹ Cr)	11.80	-389.80	-1,741.00	278.52	28.39
Net Margin (%)	6.38	-8.84	-85.01	96.25	9.05
RoE (%)	11.51	-14.54	-45.26	0.92	25.45
Price to Earnings	11.80	--	--	51.29	78.76
Price-To-Book	1.20	23.34	4.63	0.52	20.05

Income Statement
Liabilities
Assets
Cashflow
Ratios

Income Statement (₹ Cr)

	Tunwal E-Motors	Ather Energy	Ola Electric Mobility	Maharashtra Scooters	Zelio E-Mobility
Operating Revenue	178.59	2,255.01	4,514.00	183.33	172.19
Total Income	184.87	2,305.22	4,932.00	185.20	173.80
Total Expenditure	166.23	2,835.86	6,235.00	11.56	151.16
EBITDA	12.37	-580.85	-1,721.00	171.77	21.03
Depreciation	1.14	171.02	566.00	1.96	1.41
EBIT	11.23	-751.87	-2,287.00	169.81	19.62
Interest	2.27	110.62	384.00	--	1.88
Other Income	6.27	50.21	418.00	1.87	1.61
Exceptional Items	--	--	-23.00	43.60	--
Profit before Tax	15.24	-812.28	-2,276.00	215.28	19.36
Provision for Tax	3.44	--	--	0.93	3.37
Profit after Tax	11.80	-812.28	-2,276.00	214.35	15.98

Liabilities (₹ Cr)

	Tunwal E-Motors	Ather Energy	Ola Electric Mobility	Maharashtra Scooters	Zelio E-Mobility
Shareholder's Funds	102.52	492.99	5,143.00	30,862.86	26.67
Minority Interest	--	--	--	--	--
Non-Current Liabilities	9.20	434.44	2,378.00	3,703.40	8.67
Current Liabilities	82.26	1,173.18	3,554.00	21.24	30.31
Total Liabilities	193.99	2,100.61	11,075.00	34,587.50	65.79

Assets (₹ Cr)

	Tunwal E-Motors	Ather Energy	Ola Electric Mobility	Maharashtra Scooters	Zelio E-Mobility
Non-Current Assets	29.96	943.75	4,414.00	34,433.85	14.87
Current Assets	164.03	1,156.86	6,661.00	153.65	50.78
Total Assets	193.99	2,100.61	11,075.00	34,587.50	65.79
Total Debt*	32.71	449.85	3,043.00	0.00	30.68
Net Current Assets	81.77	-16.32	3,107.00	132.41	20.47
Contingent Liabilities	--	61.17	2,513.00	4.86	0.05

Cashflow (₹ Cr)

	Tunwal E-Motors	Ather Energy	Ola Electric Mobility	Maharashtra Scooters	Zelio E-Mobility
Cash From Operating Activities	-52.93	-720.70	-2,391.00	158.76	-6.89
Cash Flow from Investing Activities	-16.28	-378.16	-2,864.00	35.79	-7.54
Cash from Financing Activities	77.27	702.89	5,429.00	-193.28	14.69
Net Cash Inflow / Outflow	8.06	-395.97	174.00	1.27	0.26

Ratios

Profitability Ratios

	Tunwal E-Motors	Ather Energy	Ola Electric Mobility	Maharashtra Scooters	Zelio E-Mobility
ROCE (%)	12.94	-77.80	-30.04	0.74	51.71
ROE (%)	11.51	-222.74	-121.03	0.74	85.60
ROA (%)	6.08	-40.47	-24.20	0.67	33.74
EBIT Margin (%)	10.44	-23.53	-28.87	94.71	13.15
Net Margin (%)	6.38	-35.24	-46.15	115.74	9.20
Cash Profit Margin (%)	7.24	-24.42	-37.88	117.99	10.10

Growth Ratios

	Tunwal E-Motors	Ather Energy	Ola Electric Mobility	Maharashtra Scooters	Zelio E-Mobility
Revenue Growth (%)	0.00	28.58	-9.90	-17.69	82.36
EBIT Growth (%)	--	18.29	-26.02	-14.98	144.77
Net Profit Growth (%)	0.00	23.35	-43.69	7.55	153.33
EPS Growth (%)	0.00	--	36.32	7.55	153.33
Book Value Growth (%)	0.00	-27.74	511.34	14.24	150.10

Valuation Ratios

	Tunwal E-Motors	Ather Energy	Ola Electric Mobility	Maharashtra Scooters	Zelio E-Mobility
Price / Earnings	13.68	0.00	0.00	59.91	0.00
Price / Book Value	1.58	0.00	4.70	0.42	0.00
Dividend Yield (%)	0.34	--	0.00	1.51	--
EV/EBITDA	9.84	-0.20	-17.57	73.90	2.07
Market Cap (₹ Cr)	161.49	0.00	23,364.92	12,840.63	0.00

Solvency Ratios

	Tunwal E-Motors	Ather Energy	Ola Electric Mobility	Maharashtra Scooters	Zelio E-Mobility
Debt to Equity	0.32	1.47	0.61	0.00	1.15
Short term debt to equity ratio	0.29	0.17	0.24	--	0.79
Current Ratio	1.99	0.99	1.87	7.23	1.68
Quick Ratio	0.80	0.78	1.65	7.23	0.63
Interest Coverage	7.72	-6.34	-4.93	--	11.31

Operating Efficiency Ratios

	Tunwal E-Motors	Ather Energy	Ola Electric Mobility	Maharashtra Scooters	Zelio E-Mobility
Debtors to sales (%)	12.38	0.53	0.20	--	2.74
Asset Turnover	0.92	1.31	0.48	0.01	3.64
Receivable days	45.18	0.93	6.75	0.00	6.71
Inventory Days	200.42	25.12	59.76	0.00	47.84
Payable days	119.92	93.70	113.20	--	8.45
Cash Conversion Cycle	125.68	-67.65	-46.69	--	46.11