Employee Transportation Services / Fleet Management

Shree OSFM E-Mobility Ltd

₹00.1961

SHREEOSFM

Company Overview

Shree OSFM E-Mobility Ltd is a prominent player in India's employee transportation and fleet management sector. Specializing in providing comprehensive transportation solutions to large multinational corporations (MNCs), the company leverages over 16 years of experience. It serves a diverse range of industries including IT/ITES, Aviation, BFSI, and Media across major cities in India.

The company was originally incorporated as Om Sai Fleet Management (India) Private Limited on December 28, 2006. It underwent name changes to Shree OSFM E-Mobility Private Limited in May 2023, and finally to its current name Shree OSFM E-Mobility Limited in August 2023 upon conversion to a public limited company.

The company operates with a primarily asset-light model, offering services through various flexible pricing structures such as monthly leases, per-kilometre rates, per-passenger trips, or package models. This approach allows for scalability and efficient resource management.

Business Operations and Fleet Management

Shree OSFM E-Mobility Ltd manages a significant fleet comprising over 3500 vehicles. This fleet includes a variety of vehicle types, such as small cars, sedans, SUVs, luxury cars, and buses. While 300 vehicles are company-owned, the majority are leased from various vendors, underscoring the asset-light operational strategy.

The company has a widespread operational footprint, with services available across 42 sites in 10 major Indian cities. These cities include Mumbai, Navi Mumbai, Pune, Bengaluru, Delhi, Noida, Gurgaon, Hyderabad, Chennai, and Kolkata. This extensive network ensures broad coverage and accessibility for its corporate clients.

Market Position and Client Base

Shree OSFM E-Mobility has established itself as a reliable partner for high-profile multinational corporations. Its esteemed client list includes prestigious names like JP Morgan, Morgan Stanley, Cape Gemini, and Accenture. This strong client portfolio is a testament to the company's service quality, operational efficiency, and credibility in the corporate transportation sector.

The company operates in the rapidly evolving employee transportation sector, which is experiencing growing demand for organized and efficient services. By focusing on employee welfare and transportation optimization, Shree OSFM E-Mobility is well-positioned to capitalize on market trends.

Financial Performance and Key Metrics

The company has demonstrated a strong growth trajectory in recent years.

Market Capitalization and Trading Information:

- Market Cap: ₹212.49 Cr (as of April 22, 2025)

- Current Stock Price: ₹137.95 (NSE/BSE, as of April 22, 2025)

- 52-Week High: ₹215

- 52-Week Low: ₹82.70

Financial Highlights (Trailing 12 Months / Recent Data):

- Operating Revenue: ₹324.00 Cr

- Annual Revenue Growth: 44%

- Net Profit (H1 FY24): ₹2.23 Cr (on revenue of ₹55.97 Cr)

- Pre-tax Margin: 9%

- ROE: 15% (TCM) / 22.0% (Actual)

Key Financial Ratios (as of April 22, 2025):

- P/E Ratio: 26.20 (Tickertape) / 23.42 (ICICI Direct)

- P/B Ratio: 0.36

- Book Value: ₹47.6

- ROCE: 23.2%

- Debt to Equity Ratio: 21%

The company maintains a healthy balance sheet with a low debt-to-equity ratio. While reporting repeated profits, Shree OSFM E-Mobility Ltd has not been paying dividends.

Historical Financial Performance

The company has achieved remarkable growth over the last three fiscal years and the first half of FY24:

- FY21: Total Revenue: ₹29.79 Cr, Net Profit: ₹0.74 Cr

- FY22: Total Revenue: ₹30.80 Cr, Net Profit: ₹1.63 Cr

- FY23: Total Revenue: ₹82.61 Cr, Net Profit: ₹3.09 Cr

- H1 FY24 (ended Sep 30, 2023): Total Revenue: ₹55.97 Cr, Net Profit: ₹2.23 Cr

Between FY22 and FY23, revenue increased by 168.25% and profit after tax (PAT) rose by 89.88%, indicating substantial growth momentum.

IPO Background and Listing Details

- IPO Open Date: December 14, 2023

- IPO Close Date: December 18, 2023

- Issue Type: Fixed Price Issue (SME IPO)

- IPO Price: ₹65 per share

- Total Issue Size: ₹24.60 Cr

- Listing Date: December 21, 2023

- Exchange Listing: NSE SME

Shareholding Pattern

- Promoter Holding: 56.0%

- Promoters: Mr. Ramnath Chandar Patil and Mr. Nitin Bhagirath Shanbhag