Shree OSFM E-Mobility targets 15-20% growth in FY27
Shree OSFM E-Mobility submitted the transcript of its May 15, 2026, analyst meeting to the NSE, addressing FY26 performance and future outlook. Management reported 11% year-on-year growth against a target of 20%-22%, attributing the gap to delayed large contracts and upfront capex. The company guided for 15-20% steady-state growth in FY27, highlighting a net cash position of ₹45 crore and an EBITDA of ₹17-18 crore. Operational updates included the addition of 75 vehicles, bringing the owned fleet to 315, while maintaining a largely asset-light model. The firm denied rumors of fund diversion or promoter stake sales and noted ongoing but minor B2C partnerships with Uber and FlixBus.
*this image is generated using AI for illustrative purposes only.
Shree OSFM E-Mobility has submitted the transcript of its analyst and institutional investor meeting held on May 15, 2026, to the NSE. The company addressed concerns regarding margin compression and delayed revenue recognition, attributing these factors to large contracts pending multiple approvals and increased capital expenditure incurred in anticipation of future business. Management assured stakeholders of a steady-state growth trajectory of 15% to 20% for the upcoming financial year.
The submission was made pursuant to Regulation 30 and Regulation 46(2)(oa) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The transcript has been uploaded to the company's official website and is available for public access.
Financial Performance and Guidance
During the conference call, Chairman Nitin Shanbhag clarified that while the company committed to 20%-22% growth, it recorded 11% year-on-year growth for FY26. This shortfall was attributed to the deferral of large B2B contracts that required extensive approvals. Consequently, the associated costs were reflected in the financial statements, while the corresponding revenues are expected to materialize in the coming months and years.
Management maintained a conservative outlook, guiding for a 15% to 20% top-line growth. They emphasized that the company is positioned for "explosive growth" but chose to commit to steady figures to manage market expectations. The company reported a net cash position of approximately ₹45 crore and an EBITDA of around ₹17-18 crore for the recent period.
Operational Updates and Fleet Expansion
The company provided insights into its asset strategy, noting that it remains 95% to 96% asset-light. However, to capitalize on the expanding electric vehicle market and retain client mandates, it purchased 75 vehicles in FY26, bringing its total owned fleet to 315 vehicles. The depreciation charge increased as a result, though Finance Head Kiran Mullick indicated that depreciation is expected to decrease by at least ₹2 crore in the following year.
Management clarified that the vehicle purchases were partly driven by commitments made in the Draft Red Herring Prospectus (DRHP), which stipulated an investment of ₹12 crore in vehicles. The company has sought shareholder approval for the deviation in the utilization of IPO proceeds, with approximately ₹4 crore remaining from the allocated funds.
Strategic Initiatives and Market Outlook
Shree OSFM E-Mobility continues to focus on its core B2B employee transportation segment, which constitutes 95% of its revenue, with the remaining 5% coming from car rentals. The company is exploring inorganic growth opportunities through acquisitions, though deals were not closed in the past year due to valuation misalignments. Partnerships with Uber and FlixBus for B2C verticals are ongoing but currently contribute minimally, estimated at around ₹1 crore or less.
Regarding market sentiment, management addressed rumors regarding fund diversion and promoter stake sales, categorically denying them and stating no communication had been received from regulatory bodies. The Managing Director, Ramnath Chandar Patil, confirmed that the promoter had recently purchased shares, reinforcing confidence in the company's prospects. The company also highlighted its strong position in Navi Mumbai, anticipating significant growth opportunities from infrastructure developments such as the Navi Mumbai International Airport and Maha Mumbai 3.0.
Key Details of the Filing
| Detail | Information |
|---|---|
| Event | Analyst/Institutional Investor Meeting Transcript Submission |
| Meeting Date | May 15, 2026 |
| Meeting Time | 12:00 P.M. (IST) |
| Regulatory Reference | Regulation 30 and Regulation 46(2)(oa) of SEBI (LODR) Regulations, 2015 |
| Transcript Availability | Company Website |
The filing was signed by Ramnath Chandar Patil, Managing Director, and digitally submitted on June 18, 2026.
Historical Stock Returns for Shree OSFM e-Mobility
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -4.69% | +6.64% | +17.53% | -31.23% | -42.99% | -10.62% |
What specific timeline does management anticipate for the approval and materialization of the deferred B2B contracts?
How will the company balance its asset-light strategy with the need to expand its owned fleet to secure future client mandates?
Are there any imminent updates on the inorganic growth front, or will valuation gaps continue to hinder acquisitions?
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