- CIN
- U34100TN2019PTC128841
- ISIN
- —
- Incorporated
- 3 Jul 2019
- Registered state
- Tamil Nadu
Prices shown are indicative, dealer-quoted and updated periodically — they are not exchange-traded prices and may differ from the price at which a transaction is finally executed.
Business overview
Orbit Mobility Private Limited manufactures electric two-wheelers and light three-wheelers and runs an owned service network, from a plant near Hosur, Tamil Nadu, with 340 company-operated service points, delivering about 186,000 vehicles in FY2026. Losses narrowed meaningfully in FY2026 as volumes scaled and battery cost fell, but the company remains loss-making at every level and continues to consume cash. The company is currently unlisted with no publicly announced listing timeline, and shares change hands only through negotiated off-market transfers.
Key highlights
- Loss before tax narrowed for a second consecutive year
- Contribution margin turned positive in Q3 FY2026
- Subsidy scheme changes reduced the realised price per vehicle
- Last primary round was struck at a materially higher price than current dealer quotes
Financial snapshot
FY2026 · Audited · Source: Audited annual report
- Revenue FY2026
- ₹1,640.00 Cr
- EBITDA
- ₹-186.00 Cr
- PAT
- ₹-412.00 Cr
- Net worth
- ₹1,240.00 Cr
- Total debt
- ₹1,480.00 Cr
- Cash & equivalents
- ₹260.00 Cr
- Operating cash flow
- ₹-286.00 Cr
- EPS
- ₹-7.03
Management & board
- SSSince 2014
Sameer Sinha
Managing Director & CEO
Has led Orbit Mobility since 2014 and previously held senior operating roles in the same sector.
- MPSince 2013
Meera Pillai
Chief Financial Officer
- VRSince 2013
Vikram Rao
Executive Director — Operations
- KSSince 2019
Kavita Sinha
Company Secretary & Compliance Officer
- PMSince 2017
Pallavi Menon
Independent Director
Reported financials · FY2024–FY2026
Figures in ₹ crore unless stated. Every column carries its own source and audit status.
| Particulars | FY2026Audited | FY2025Audited | FY2024Audited | YoY |
|---|---|---|---|---|
| Profit & loss | ||||
| Revenue | ₹1,640 Cr | ₹1,180 Cr | ₹620 Cr | +39.0% |
| EBITDA | ₹-186 Cr | ₹-268 Cr | ₹-342 Cr | — |
| Profit after tax | ₹-412 Cr | ₹-486 Cr | ₹-512 Cr | — |
| Earnings per share | ₹-7.03 | ₹-8.29 | ₹-8.74 | — |
| Balance sheet | ||||
| Net worth | ₹1,240 Cr | ₹1,620 Cr | ₹940 Cr | -23.5% |
| Total debt | ₹1,480 Cr | ₹1,240 Cr | ₹880 Cr | — |
| Cash & equivalents | ₹260 Cr | ₹380 Cr | ₹210 Cr | — |
| Total assets | ₹3,420 Cr | ₹3,280 Cr | ₹2,140 Cr | — |
| Book value per share | ₹21.16 | ₹27.65 | ₹16.04 | — |
| Cash flow | ||||
| Operating cash flow | ₹-286 Cr | ₹-394 Cr | ₹-448 Cr | — |
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- FY2026 · Audited annual report · period ended 31 Mar 2026 · last updated in the back office 20 Sep 2026
- FY2025 · Audited annual report · period ended 31 Mar 2025
- FY2024 · Audited annual report · period ended 31 Mar 2024
Revenue, EBITDA and PAT
₹ crore. A year with no reported figure is left out rather than drawn as zero.
- Revenue
- EBITDA
- PAT
Every ratio on this tab is derived from the reported figures in the Financials tab and the indicative price in the header — nothing here is a stored value. A ratio that cannot be justified is shown as — with the reason, rather than as a negative or a zero. Ratios move when the indicative price moves.
Size
Balance-sheet items as at FY2026
- Market cap
- ₹13,126 Cr
- Enterprise value
- ₹14,346 Cr
- Indicative price
- ₹224
- Shares outstanding
- 58,60,00,000
Indicative price × shares outstanding
Market cap + debt − cash
Valuation multiples
- P/E
- —
- P/B
- 10.6x
- EV / EBITDA
- —
- EPS
- ₹-7.03
- Book value / share
- ₹21.16
- Debt / equity
- 1.2x
Company is loss-making in the latest FY
EBITDA is negative in the latest FY
Returns & margins
- ROE
- -33.2%
- ROCE (EBITDA basis)
- -6.8%
- EBITDA margin
- -11.3%
- PAT margin
- -25.1%
- Revenue growth
- 39.0%
- Cash / market cap
- 2.0%
EBITDA ÷ (net worth + debt)
Indicative price snapshots
Each point is a dated dealer-quote average. There is no continuous trading behind these numbers, so no daily series is drawn.
Prices shown are indicative, dealer-quoted and updated periodically — they are not exchange-traded prices and may differ from the price at which a transaction is finally executed.
Snapshot log
| Date | Indicative price | Change | Source |
|---|---|---|---|
| 20 Sep 2026 | ₹224 | -15.85% | Dealer desk average, 3 quotes |
| 20 Aug 2026 | ₹266 | -4.62% | Dealer desk average |
| 20 Jul 2026 | ₹279 | -6.65% | Dealer desk average |
| 20 Jun 2026 | ₹299 | -3.62% | Dealer desk average |
| 20 May 2026 | ₹310 | -2.93% | Dealer desk average |
| 20 Apr 2026 | ₹320 | -3.52% | Dealer desk average |
| 20 Mar 2026 | ₹331 | -1.35% | Dealer desk average |
| 20 Feb 2026 | ₹336 | +0.41% | Dealer desk average |
| 20 Jan 2026 | ₹334 | -1.94% | Dealer desk average |
| 20 Dec 2025 | ₹341 | -4.33% | Dealer desk average |
| 20 Nov 2025 | ₹356 | -1.48% | Dealer desk average |
| 20 Oct 2025 | ₹362 | -1.38% | Dealer desk average |
| 20 Sep 2025 | ₹367 | — | Dealer desk average |
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Change is measured against the previous snapshot, not against a calendar period, because snapshots are not collected on a fixed schedule. The header percentages use fixed windows and may not tie exactly to this column.
Corporate actions & events
Dated events sourced from company filings and registrar records.
- Buyback19 Oct 2025
Buyback of equity shares from employees
Liquidity window offered to option holders at a board-determined price.
Company filing / RoC
- Rights15 Oct 2025
Rights issue to existing shareholders
Rights entitlement offered to shareholders on record in the stated ratio.
Company filing / RoC
- Bonus27 Mar 2024
Bonus issue in the ratio 1:2
Board approved a bonus issue; record date notified to shareholders on file.
Company filing / RoC
IPO / listing status
- Current stage
- Unlisted
- DRHP filed
- —
- RHP filed
- —
- Expected window
- —
- Registrar
- —
- Book-running managers
- —
No listing application has been made. Any exit before a listing depends on finding a counterparty in the off-market.
Research
Information currently unavailable
No research has been published on Orbit Mobility yet. Sector notes that mention it will appear here when they are.
Documents
Public documents open directly. Private documents are released to verified clients on request.
| Document | Type | FY / date | Source | Access |
|---|---|---|---|---|
| Annual Report FY20264.2 MB | Annual report | FY2026 | Company | Download |
| Annual Report FY20253.8 MB | Annual report | FY2025 | Company | Download |
| Audited financial statements — three-year summary620 KB | Financials | FY2024–FY2026 | Statutory filings | Download |
| Investor presentation9.1 MB | Presentation | 2026-07-15 | Company | On request |
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Risk assessment
Our own reading of the disclosed information. Treat the levels as judgement, not as fact.
Cash burn
HighOperating cash flow remains negative; further funding is likely needed.
Down-round risk
HighCurrent dealer quotes sit below the last primary round price.
Subsidy dependence
HighDemand is sensitive to scheme changes.
Loss-making
HighNo profit at PAT level in any of the last three years.
Risks common to every unlisted holding. You may not find a buyer when you want one, at any price. A listing may be delayed indefinitely or may never happen, and shares can list below the price at which they changed hands in the unlisted market. Disclosure by unlisted companies is thinner than by listed ones, and the indicative price is based on infrequent dealer quotes rather than continuous trading.