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Olectra Greentech Ltd (OLECTRA)

₹1763.72.71%

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Overview
News
Financials
Q1 2024 Results
Technicals

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

Source: S&P Global Market Intelligence

Performance

  • Day's Low

    Day's High

    ₹1,760
    ₹1,815.85
  • 52 Week's Low

    52 Week's High

    ₹1,013
    ₹2,221.95
1 Month Return+ 0.89 %
3 Month Return+ 2.28 %
1 Year Return+ 38.5 %
Previous Close₹1,812.90
Open₹1,811.00
Volume9.02L
Upper Circuit-
Lower Circuit-
Market Cap₹14,880.42Cr

Key Statistics

P/E Ratio193.69
PEG Ratio141.38
Market Cap₹14,880.42 Cr
P/B Ratio5.98
EPS8.15

Mutual Fund Holdings

Funds HoldingsPrev. 6M
Nippon India Nifty Smallcap 250 Index Fund Dir GrNippon India Nifty Smallcap 250 Index Fund Dir Gr0.41%
SBI Nifty Smallcap 250 Index Fund Direct GrowthSBI Nifty Smallcap 250 Index Fund Direct Growth0.41%
Motilal Oswal Nifty Smallcap 250 Index Fund Direct GrowthMotilal Oswal Nifty Smallcap 250 Index Fund Direct Growth0.41%
ICICI Prudential Nifty Smallcap 250 Index Fund Direct GrowthICICI Prudential Nifty Smallcap 250 Index Fund Direct Growth0.41%
HDFC Nifty Smallcap 250 Index Fund Direct GrowthHDFC Nifty Smallcap 250 Index Fund Direct Growth0.45%

Company Information

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: ₹1763.70 per share as on 18 Jul, 2024 04:01 PM
Market Capitalisation: ₹14,880.42Cr as of today
Revenue: ₹288.81Cr as on March 2024 (Q1 24)
Net Profit: ₹14.89Cr as on March 2024 (Q1 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 Ltd sees growth in returns on capital employed - 02 Jul, 2024

    Olectra Greentech Ltd is experiencing growth in returns on capital employed, earning 13% on its capital and employing 37% more capital than previously. However, there was a noticeable increase in the company's current liabilities over the period, so some of the ROCE growth can be attributed to that.

  • Olectra Greentech Shares Gain on Technical Breakout - 26 Jun, 2024

    Olectra Greentech's expanding product line in e-mobility and Geojit's buy call with a target price of Rs 2086 have boosted the company's shares. The stock has given multibagger returns over the past year and is up over 36% YTD. The market cap has crossed ₹15,000 crore, and the stock has indicated a triangular pattern breakout on the daily chart.

  • Olectra Greentech Shares Surge on Strong Order Book and Capacity Expansion - 25 Jun, 2024

    Olectra Greentech Ltd's shares surged by 8.8% following strong order book, capacity expansion, and scalability of multiple powertrains. Geojit Financial Services raised its target price for the stock to Buy from Accumulate.

  • Olectra Greentech Secures Over 10,000 Electric Bus Orders - 20 Jun, 2024

    Olectra Greentech has secured over 10,000 electric bus orders and extended its collaboration agreement with BYD until December 31, 2030. The company is also setting up a new greenfield factory in Telangana with an estimated investment of over ₹700 crore. In 2024, Olectra secured the world's largest e-bus order of 5,150 units from MSRTC.

  • Olectra Greentech Shares Surge Over 117% in a Year - 06 Jun, 2024

    Olectra Greentech Ltd shares have surged over 117% in the past year, driven by growth in India's electric vehicle sector. The company reported a 17.58% increase in FY24 net profit to ₹78.65 crore despite a Q4 dip in revenue and profit.

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

    Price Rise

    img

    In the last 3 years, OLECTRA stock has moved up by 649.1%

  • imgPOSITIVE IMPACT

    Retail Holding Up

    img

    Retail Investor have increased holdings from 41.23% to 42.19% in Jun 2024 quarter

  • imgPOSITIVE IMPACT

    Best in 3 Years

    img

    In the last 3 years, OLECTRA has outperformed top 5 stocks with highest market-cap in Electrical Components & Equipment

  • imgPOSITIVE IMPACT

    MF Holding Up

    img

    Mutual Funds have increased holdings from 0.11% to 0.14% in Jun 2024 quarter

  • imgNO EFFECT

    Promoter Holding Unchanged

    img

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

  • imgNO EFFECT

    Against Peers

    img

    In the last 1 year, Voltas Ltd has given 98.7% return, outperforming this stock by 60.2%

  • imgNEGATIVE IMPACT

    FII Holding Down

    img

    Foreign Institutions have decreased holdings from 8.58% to 7.61% in Jun 2024 quarter

  • imgNEGATIVE IMPACT

    Revenue Fall

    img

    Revenue is down for the last 2 quarters, 349.39 Cr → 297.19 Cr (in ₹), with an average decrease of 14.9% per quarter

  • imgNEGATIVE IMPACT

    Profit Down

    img

    Netprofit is down for the last 2 quarters, 26.99 Cr → 13.71 Cr (in ₹), with an average decrease of 49.2% per quarter

Company Financials

Value in ₹ crore
Q'1 24Q/Q Change
Revenue
₹288.81Cr
↓15.59%
Net Income
₹14.89Cr
↓45.08%
Net Profit Margin
5.16%
↓34.85%
2023Y/Y Change
Revenue
₹1,090.76Cr
↑83.86%
Net Income
₹66.89Cr
↑89.17%
Net Profit Margin
6.13%
↑2.85%
Value in ₹ crore
2023Y/Y Change
Total Assets
₹1,509.66Cr
↑28.65%
Total Liabilities
₹661.04Cr
↑68.47%
Value in ₹ crore
2023Y/Y Change
Operating Cash Flow
₹1.61Cr
↓98.66%

Shareholding Pattern

InvestorsHoldings %FY Quarter3M change
Promoter Holdings
50.02%
0.00
Foreign Institutions
7.61%
-11.36
Mutual Funds
0.14%
29.27
Retail Investors
42.19%
2.33
Others
0.05%
-29.65

Key Indicators

Olectra Greentech Ltd Valuation

Olectra Greentech Ltd in the last 5 years

  • Overview

  • Trends

Lowest (-895.71x)

November 12, 2018

Industry (45.96x)

July 16, 2024

Today (193.69x)

July 16, 2024

Highest (425.37x)

December 16, 2021

LowHigh

Earnings and Dividends

  • Olectra Greentech Ltd Earnings Results

    Olectra Greentech Ltd’s net profit fell -49.24% since last year same period to ₹13.71Cr in the Q4 2023-2024. On a quarterly growth basis, Olectra Greentech Ltd has generated -49.2% fall in its net profits since last 3-months.

    Read More about Earnings Results
  • Olectra Greentech Ltd Dividends May,2023

    In the quarter ending March 2023, Olectra Greentech Ltd has declared dividend of ₹0.40 - translating a dividend yield of 0.02%.

    Read More about Dividends

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 ₹1763.7

Olectra Greentech Ltd is listed on NSE

Olectra Greentech Ltd is listed on BSE

  • Today’s highest price of Olectra Greentech Ltd is ₹1815.85.
  • Today’s lowest price of Olectra Greentech Ltd is ₹1760.

PE Ratio of Olectra Greentech Ltd is 193.69

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 9.02L.

Today’s market capitalisation of Olectra Greentech Ltd(OLECTRA) is ₹14880.42Cr.

Olectra Greentech Ltd(OLECTRAPrice
52 Week High
₹2221.95
52 Week Low
₹1013

Olectra Greentech Ltd(OLECTRA) share price is ₹1763.7. It is down -20.62% from its 52 Week High price of ₹2221.95

Olectra Greentech Ltd(OLECTRA) share price is ₹1763.7. It is up 74.11% from its 52 Week Low price of ₹1013

Olectra Greentech Ltd(OLECTRAReturns
1 Day Returns
-49.2%
1 Month Returns
0.89%
3 Month Returns
2.28%
1 Year Returns
38.5%