Tunwal E-Motors Peer Comparison

NSE: TUNWAL

₹22.85

₹-0.25 (-1.08%)

As on 30-Oct-2026IST

Market cap

₹132 Cr

Revenue (TTM)

₹277 Cr

P/E Ratio

10.3

P/B Ratio

1

Div. Yield

0.4 %

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	Tunwal E-Motors	Ather Energy	Ola Electric Mobility	Maharashtra Scooters	Zelio E-Mobility
Market cap (₹ Cr)	132	69,656	16,576	13,264	2,199
Revenue (₹ Cr)	277	4,809	1,880	315	311
Net Profit (₹ Cr)	12.84	-234.20	-1,741.00	304.72	28.39
Net Margin (%)	4.61	-4.69	-85.01	96.51	9.05
RoE (%)	11.24	-6.68	-45.26	1.01	25.45
Price to Earnings	10.27	--	--	43.53	77.46
Price-To-Book	1.05	16.25	3.55	0.41	19.72

Income Statement
Liabilities
Assets
Cashflow
Ratios

Income Statement (₹ Cr)

	Tunwal E-Motors	Ather Energy	Ola Electric Mobility	Maharashtra Scooters	Zelio E-Mobility
Operating Revenue	276.84	3,671.76	2,253.00	312.76	310.71
Total Income	278.26	3,824.80	2,460.00	313.24	313.68
Total Expenditure	256.83	4,081.84	3,238.00	4.23	275.67
EBITDA	20.01	-410.08	-985.00	308.53	35.05
Depreciation	2.25	172.89	684.00	0.02	1.48
EBIT	17.76	-582.97	-1,669.00	308.51	33.57
Interest	2.12	82.20	367.00	--	2.12
Other Income	1.42	153.04	207.00	0.48	2.97
Exceptional Items	--	-5.04	--	--	--
Profit before Tax	17.06	-517.17	-1,829.00	308.99	34.41
Provision for Tax	4.23	--	4.00	-1.57	6.03
Profit after Tax	12.84	-517.17	-1,833.00	310.56	28.39

Liabilities (₹ Cr)

	Tunwal E-Motors	Ather Energy	Ola Electric Mobility	Maharashtra Scooters	Zelio E-Mobility
Shareholder's Funds	125.78	2,572.63	3,351.00	27,634.79	111.53
Minority Interest	--	--	--	--	--
Non-Current Liabilities	13.52	753.64	1,588.00	3,148.44	3.36
Current Liabilities	78.20	1,395.24	2,849.00	7.77	39.69
Total Liabilities	217.57	4,721.51	7,788.00	30,791.00	154.90

Assets (₹ Cr)

	Tunwal E-Motors	Ather Energy	Ola Electric Mobility	Maharashtra Scooters	Zelio E-Mobility
Non-Current Assets	43.66	1,346.61	4,537.00	30,696.98	21.31
Current Assets	173.84	3,374.90	3,251.00	94.02	133.27
Total Assets	217.57	4,721.51	7,788.00	30,791.00	154.90
Total Debt*	27.14	513.07	2,476.00	0.00	19.86
Net Current Assets	95.65	1,979.66	402.00	86.25	93.58
Contingent Liabilities	9.96	62.31	2,039.00	4.21	6.54

Cashflow (₹ Cr)

	Tunwal E-Motors	Ather Energy	Ola Electric Mobility	Maharashtra Scooters	Zelio E-Mobility
Cash From Operating Activities	9.05	31.89	-775.00	267.05	-11.20
Cash Flow from Investing Activities	-15.38	-2,526.51	2,002.00	-18.97	-6.61
Cash from Financing Activities	2.73	2,496.53	-1,201.00	-249.99	43.53
Net Cash Inflow / Outflow	-3.61	1.91	26.00	-1.91	25.72

Ratios

Profitability Ratios

	Tunwal E-Motors	Ather Energy	Ola Electric Mobility	Maharashtra Scooters	Zelio E-Mobility
ROCE (%)	13.32	-21.59	-20.87	1.06	27.81
ROE (%)	11.24	-37.48	-44.73	1.06	25.45
ROA (%)	6.24	-15.16	-19.43	0.95	18.36
EBIT Margin (%)	7.74	-7.00	-34.53	98.80	12.23
Net Margin (%)	4.61	-13.52	-74.51	99.14	9.05
Cash Profit Margin (%)	5.45	-8.32	-51.00	99.30	9.61

Growth Ratios

	Tunwal E-Motors	Ather Energy	Ola Electric Mobility	Maharashtra Scooters	Zelio E-Mobility
Revenue Growth (%)	55.01	62.83	-50.09	70.60	0.00
EBIT Growth (%)	14.98	51.56	40.29	77.96	--
Net Profit Growth (%)	8.77	36.33	19.46	44.88	0.00
EPS Growth (%)	4.26	51.65	19.46	44.88	0.00
Book Value Growth (%)	22.69	701.87	-35.08	-10.46	0.00

Valuation Ratios

	Tunwal E-Motors	Ather Energy	Ola Electric Mobility	Maharashtra Scooters	Zelio E-Mobility
Price / Earnings	12.90	0.00	0.00	40.82	23.48
Price / Book Value	1.32	11.75	3.12	0.46	5.98
Dividend Yield (%)	0.35	0.00	0.00	1.98	0.00
EV/EBITDA	8.66	-110.91	-14.14	41.00	17.37
Market Cap (₹ Cr)	165.58	28,817.44	10,065.95	12,675.91	666.44

Solvency Ratios

	Tunwal E-Motors	Ather Energy	Ola Electric Mobility	Maharashtra Scooters	Zelio E-Mobility
Debt to Equity	0.22	0.21	0.77	0.00	0.18
Short term debt to equity ratio	0.12	--	0.26	--	0.14
Current Ratio	2.22	2.42	1.14	12.10	3.36
Quick Ratio	0.84	2.22	1.05	12.10	1.89
Interest Coverage	9.03	-5.29	-3.98	--	17.23

Operating Efficiency Ratios

	Tunwal E-Motors	Ather Energy	Ola Electric Mobility	Maharashtra Scooters	Zelio E-Mobility
Debtors to sales (%)	5.03	0.23	1.38	--	1.12
Asset Turnover	1.35	1.21	0.24	0.01	2.01
Receivable days	23.75	0.89	3.24	0.00	4.08
Inventory Days	135.98	23.22	85.30	0.00	68.28
Payable days	78.23	87.60	190.32	--	24.30
Cash Conversion Cycle	81.50	-63.50	-101.79	--	48.07