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Olectra Greentech Ltd

(OLECTRA)

₹1578.80.62%

as on 04:01PM, 06 Dec 2024

Overview
News
Financials
Q2 2024 Results
Technicals

Olectra Greentech Ltd Analyst Rating

based on 1 analysts

BUY

100.00%

Buy

0.00%

Hold

0.00%

Sell

Based on 1 analysts offering long term price targets for Olectra Greentech Ltd. An average target of ₹2086

Source: S&P Global Market Intelligence

Olectra Greentech Ltd Share analysis

Olectra Greentech Ltd price forecast by 1 analysts

Upside of32.13%

High

₹2086

Target

₹2086.00

Low

₹2086

Olectra Greentech Ltd target price ₹2086, a slight upside of 32.13% compared to current price of ₹1578.8. According to 1 analysts rating.

Source: S&P Global Market Intelligence

Olectra Greentech Ltd Performance

  • Day's Low

    Day's High

    ₹1,570
    ₹1,592.85
  • 52 Week's Low

    52 Week's High

    ₹1,177.45
    ₹2,221.95
1 Month Return-2.14 %
3 Month Return+ 3.15 %
1 Year Return+ 27.98 %
Previous Close₹1,569.00
Open₹1,571.10
Volume2.49L
Upper Circuit-
Lower Circuit-
Market Cap₹12,878.47Cr

Olectra Greentech Ltd Key Statistics

P/E Ratio115.49
PEG Ratio27.3
Market Cap₹12,878.47 Cr
P/B Ratio16.87
EPS9.58
Dividend Yield0.02
SectorAutomobile
ROE8.33

Olectra Greentech Ltd Peer Comparison

Company
Analyst ViewMarket Cap5 Year CAGRDebt to Asset RatioNet ProfitYearly Revenue
BUY₹12,878.47 Cr162.63%0.55₹78 Cr₹1,154 Cr
NA₹40.17 Cr-6.98%0.65NANA
NA₹1,841.03 Cr5520.57%0.62₹1 Cr₹22 Cr
NA₹525.20 Cr67.76%0.78NANA
NA₹687.71 Cr31.84%0.93NANA

About Olectra Greentech Ltd

Olectra Greentech Limited (formerly Goldstone Infratech), is an Indian manufacturing company mainly engaged in the production of composite polymer insulators and electrical buses. In the Financial Year 200708, Goldstone Teleservices Ltd was renamed Goldstone Infratech, Ltd and underwent a restructuring. In 2009, new companies merged with GIL in accordance with an approved scheme from the Hon'ble High Court of Andhra Pradesh. During the same year, the company invested Rs 6 crores in TF Solar Power Pvt Ltd, and had to further invest Rs 1 lac in the same company in2010. During FY201213, GIL developed Cross Arm Insulators and Horizontal Line Post Insulators which paved way for their import substitution in India. The name of the company was changed to Olectra Greentech in July 2018, to reflect their current focus and activities. Since then, the company has successfully raised funds through preferential equity issuance (14.1 million equity shares at Rs.80.10 per share including a premium of Rs.76.10) and non-convertible warrants (54 lakh shares at Rs.4). A further two subsidiaries (Evey Trans Pvt Ltd and OHA Commute Pvt Ltd) were formed in 2018. GGL has secured its subsidiaries in 2021, being a 51-savings partner in Evey Trans GTC Pvt Ltd.

Share Price: ₹1578.80 per share as on 06 Dec, 2024 04:01 PM
Market Capitalisation: ₹12,878.47Cr as of today
Revenue: ₹523.67Cr as on September 2024 (Q3 24)
Net Profit: ₹47.65Cr as on September 2024 (Q3 24)
Listing date: 20 Mar, 2002
Chairperson Name: VENKATESWARA PRADEEP KARUMURU
OrganisationOlectra Greentech Ltd
Headquarters
IndustryAutomobile
E-voting on sharesClick here to vote

Key events for Olectra Greentech Ltd

  • Olectra Greentech Shows Mixed Signals Amid Growth - 24 Oct, 2024

    Olectra Greentech shares have delivered multibagger returns over the long term but faced short-term corrections. Recent financial performance is strong, with a 156% rise in net profit. Analysts remain bullish, with price targets suggesting potential upside.
  • Olectra Greentech Reports Strong Q2 Financial Results - 23 Oct, 2024

    Olectra Greentech reported a remarkable 156% increase in Q2 net profit to Rs 47.7 crore, alongside a 70.5% rise in revenue to Rs 523.7 crore. The company's EBITDA also showed significant growth, reflecting strong operational performance and increased deliveries of electric vehicles.
  • Olectra Greentech Reports Strong Q2 FY25 Earnings - 22 Oct, 2024

    Olectra Greentech Ltd announced a remarkable 156.45% increase in net profit to ₹47.7 crore for Q2 FY25, alongside a 70.5% rise in revenue to ₹523.7 crore, showcasing robust growth in the electric vehicle sector.
  • Olectra Greentech Shares Surge on Bus Contract Win - 08 Oct, 2024

    Olectra Greentech's stock rose nearly 7% after the company emerged as the lowest bidder for a contract to supply 327 electric buses to HRTC. The stock's upward movement ended a three-day decline, reflecting positive market sentiment.
  • Olectra Greentech Shows Positive Trend and Breakout - 03 Oct, 2024

    Olectra Greentech's stock has shifted into an upside bounce after minor declines, indicating a positive short-term trend. The formation of bullish candlestick patterns and rising volume suggests potential long trading opportunities. The intraday RSI also shows positive indications.
  • SBI Securities Bullish on Olectra Greentech Stock - 02 Oct, 2024

    SBI Securities has a positive outlook on Olectra Greentech Ltd, targeting Rs 1,972 with a potential upside of 12.7%. The company reported strong financials and plans to expand its e-bus capacity significantly by FY26, supported by government initiatives. Olectra's order book remains robust, indicating promising growth prospects.

Insights on Olectra Greentech Ltd

Insights help you understand the recent movement of the company's critical parameters, giving you an overall view of the company.

  • imgPOSITIVE IMPACT

    Profit Spike

    img

    Netprofit is up for the last 3 quarters, 13.71 Cr → 47.56 Cr (in ₹), with an average increase of 46.2% per quarter

  • imgPOSITIVE IMPACT

    MF Holding Up

    img

    Mutual Funds have increased holdings from 0.14% to 0.18% in Sep 2024 quarter

  • imgPOSITIVE IMPACT

    Revenue Rich

    img

    Revenue is up for the last 3 quarters, 297.19 Cr → 528.12 Cr (in ₹), with an average increase of 23.3% per quarter

  • imgNO EFFECT

    Against Peers

    img

    In the last 1 year, Voltas Ltd has given 97.6% return, outperforming this stock by 69.6%

  • imgNO EFFECT

    Against Peers

    img

    In the last 3 years, KEI Industries Ltd has given 285.1% return, outperforming this stock by 182.8%

  • imgNO EFFECT

    Promoter Holding Unchanged

    img

    Promoters holdings remained unchanged at 50.02% of holdings in Sep 2024 quarter

  • imgNEGATIVE IMPACT

    Price Dip

    img

    In the last 6 months, OLECTRA stock has moved down by -9.7%

  • imgNEGATIVE IMPACT

    Retail Holding Down

    img

    Retail Investor have decreased holdings from 42.19% to 40.13% in Sep 2024 quarter

  • imgNEGATIVE IMPACT

    FII Holding Down

    img

    Foreign Institutions have decreased holdings from 7.61% to 5.64% in Sep 2024 quarter

Olectra Greentech Ltd Financials

Value in ₹ crore
DetailsQ'3 23Q'4 23Q'1 24Q'2 24Q'3 24
Revenue₹307.16Cr (-)₹342.14Cr (↑11.39%)₹288.81Cr (↓15.59%)₹313.94Cr (↑8.70%)₹523.67Cr (↑66.81%)
Net Income₹18.58Cr (-)₹27.11Cr (↑45.91%)₹14.89Cr (↓45.08%)₹24.25Cr (↑62.86%)₹47.65Cr (↑96.49%)
Net Profit Margin6.05% (-)7.92% (↑30.91%)5.16% (↓34.85%)7.72% (↑49.61%)9.10% (↑17.88%)
Value in ₹ crore
Details2021202220232024
Total Assets₹916.94Cr (-)₹1,173.44Cr (↑27.97%)₹1,509.66Cr (↑28.65%)₹1,536.54Cr (↑1.78%)
Total Liabilities₹172.68Cr (-)₹392.39Cr (↑127.24%)₹661.04Cr (↑68.47%)₹617.38Cr (↓6.60%)
Value in ₹ crore
Details20202021202220232024
Operating Cash Flow-₹185.54Cr (-)₹239.77Cr (↓229.23%)₹120.34Cr (↓49.81%)₹1.61Cr (↓98.66%)₹127.11Cr (↑7,795.03%)

Index Inclusions

Nifty MidSmallcap 400

₹20,529.00

0.46 (93.05%)

S&P BSE 400 MidSmallCap

₹12,535.10

0.41 (51.67%)

S&P BSE 250 SmallCap

₹7,335.59

0.47 (34.61%)

BSE 500

₹36,681.01

0.17 (61.77%)

Nifty Smallcap 250

₹18,328.95

0.54 (98.55%)

Nifty Small 100

₹19,492.10

0.82 (158.55%)

Nifty 500

₹23,312.10

0.15 (34.15%)

BSE Small-Cap

₹57,050.71

0.6 (342.93%)

S&P BSE AllCap

₹10,471.31

0.68 (71.07%)

Olectra Greentech Ltd Shareholding Pattern

InvestorsHoldings %FY Quarter3M change
Promoter Holdings
50.02%
0.00
Foreign Institutions
5.64%
-25.88
Mutual Funds
0.18%
24.91
Retail Investors
40.13%
-4.88
Others
4.04%
8720.74

Olectra Greentech Ltd Key Indicators

Details20202021202220232024
Book Value Per Share (₹)84.3990.2494.7102.31111.29
Details20202021202220232024
Earning Per Share (₹)1.650.984.318.159.58
Details20202021202220232024
Return On Equity %1.491.654.688.688.33
Details20202021202220232024
Return On Assets %1.50.883.014.345

Olectra Greentech Ltd Valuation

Olectra Greentech Ltd in the last 5 years

  • Overview

  • Trends

Lowest (-895.71x)

November 12, 2018

Industry (36.40x)

December 6, 2024

Today (115.49x)

December 6, 2024

Highest (425.37x)

December 16, 2021

LowHigh

Olectra Greentech Ltd Earnings and Dividends

  • Olectra Greentech Ltd Earnings Results

    Olectra Greentech Ltd’s net profit jumped 163.34% since last year same period to ₹47.56Cr in the Q2 2024-2025. On a quarterly growth basis, Olectra Greentech Ltd has generated 98.17% jump in its net profits since last 3-months.

    Read More about Earnings Results
  • Olectra Greentech Ltd Dividends April,2024

    In the quarter ending March 2024, Olectra Greentech Ltd has declared dividend of ₹0.40 - translating a dividend yield of 0.05%.

    Read More about Dividends

Olectra Greentech Ltd Technicals Summary

Bearish

Neutral

Bullish

Bearish

Olectra Greentech Ltd is currently in a Bearish trading position according to technical analysis indicators.

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Olectra Greentech Ltd (OLECTRA) share price today is ₹1578.8

Olectra Greentech Ltd is listed on NSE

Olectra Greentech Ltd is listed on BSE

  • Today’s highest price of Olectra Greentech Ltd is ₹1592.85.
  • Today’s lowest price of Olectra Greentech Ltd is ₹1570.

PE Ratio of Olectra Greentech Ltd is 115.49

PE ratio = Olectra Greentech Ltd Market price per share / Olectra Greentech Ltd Earnings per share

Today’s traded volume of Olectra Greentech Ltd(OLECTRA) is 2.49L.

Today’s market capitalisation of Olectra Greentech Ltd(OLECTRA) is ₹12878.47Cr.

Olectra Greentech Ltd(OLECTRAPrice
52 Week High
₹2221.95
52 Week Low
₹1177.45

Olectra Greentech Ltd(OLECTRA) share price is ₹1578.8. It is down -28.95% from its 52 Week High price of ₹2221.95

Olectra Greentech Ltd(OLECTRA) share price is ₹1578.8. It is up 34.09% from its 52 Week Low price of ₹1177.45

Olectra Greentech Ltd(OLECTRAReturns
1 Day Returns
9.8%
1 Month Returns
-2.14%
3 Month Returns
3.15%
1 Year Returns
27.98%