Olectra Greentech Ltd

Olectra Greentech Ltd

₹ 1,643 -3.95%
04 Oct - close price
About

Olectra Greentech Limited was incorporated in 2000 . The Company is primarily engaged in the manufacturing of composite polymer insulators and electrical buses. Its registered office is in Hyderabad. [1] [2]

Key Points

Business segments - FY24[1]
Electric Bus - 87.5%
Composite Polymer Insulators - 12.5%

  • Market Cap 13,499 Cr.
  • Current Price 1,643
  • High / Low 2,222 / 1,018
  • Stock P/E 178
  • Book Value 112
  • Dividend Yield 0.02 %
  • ROCE 14.9 %
  • ROE 8.33 %
  • Face Value 4.00

Pros

  • Company is almost debt free.
  • Company has delivered good profit growth of 48.8% CAGR over last 5 years

Cons

  • Stock is trading at 14.7 times its book value
  • Company has a low return on equity of 7.38% over last 3 years.
  • Company has high debtors of 167 days.
  • Company's cost of borrowing seems high
  • Promoter holding has decreased over last 3 years: -5.59%

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: Automobile Industry: Automobiles - LCVs / HCVs

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024
41 69 207 268 305 213 249 368 206 298 332 278 304
32 55 180 237 268 191 218 320 169 257 285 247 264
Operating Profit 9 14 27 31 37 22 30 48 37 41 47 31 41
OPM % 21% 20% 13% 12% 12% 10% 12% 13% 18% 14% 14% 11% 13%
2 -1 2 3 3 6 1 1 2 3 3 5 3
Interest 2 1 2 4 8 7 8 8 7 9 13 13 9
Depreciation 6 6 6 6 6 7 7 7 7 7 7 7 7
Profit before tax 3 6 20 24 25 15 17 34 25 28 30 16 28
Tax % 26% 35% 38% 26% 24% 24% 25% 19% 25% 25% 26% 26% 26%
2 4 12 17 19 11 13 28 19 21 22 12 21
EPS in Rs 0.25 0.45 1.52 2.13 2.29 1.35 1.58 3.39 2.28 2.56 2.71 1.42 2.53
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
70 80 92 93 105 161 290 396 277 585 1,134 1,114 1,212
59 69 75 75 85 148 304 386 256 505 997 958 1,053
Operating Profit 11 11 17 18 20 14 -14 9 21 81 137 156 159
OPM % 15% 14% 18% 20% 19% 9% -5% 2% 8% 14% 12% 14% 13%
1 0 1 1 1 7 15 27 11 5 11 12 14
Interest 6 6 6 6 6 6 15 14 7 9 31 42 44
Depreciation 2 2 6 5 2 3 6 9 9 25 26 27 27
Profit before tax 3 3 6 8 13 12 -20 13 16 52 91 99 102
Tax % 34% 31% 23% 29% 36% 25% -31% 20% 24% 31% 22% 25%
2 2 5 6 8 9 -14 11 12 36 71 74 76
EPS in Rs 0.56 0.59 1.36 1.61 2.33 1.77 -1.71 1.30 1.49 4.35 8.61 8.97 9.22
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 9% 5% 4%
Compounded Sales Growth
10 Years: 30%
5 Years: 31%
3 Years: 59%
TTM: 17%
Compounded Profit Growth
10 Years: 41%
5 Years: 49%
3 Years: 82%
TTM: 7%
Stock Price CAGR
10 Years: 65%
5 Years: 53%
3 Years: 51%
1 Year: 38%
Return on Equity
10 Years: 5%
5 Years: 5%
3 Years: 7%
Last Year: 8%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 14 14 14 14 14 20 32 33 33 33 33 33
Reserves 60 62 66 72 52 167 628 659 711 748 816 886
37 50 45 55 65 72 24 30 8 66 69 58
33 27 34 29 32 55 183 177 153 320 585 551
Total Liabilities 144 154 160 170 163 315 867 899 906 1,167 1,503 1,528
82 84 79 76 61 72 102 106 249 289 274 255
CWIP 10 9 9 9 11 6 0 0 0 1 4 72
Investments 6 6 6 6 0 0 107 0 32 32 35 42
46 55 66 79 91 237 658 793 624 844 1,190 1,159
Total Assets 144 154 160 170 163 315 867 899 906 1,167 1,503 1,528

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
-3 -4 3 -14 -9 -107 -201 -186 240 120 2 127
2 0 5 5 -6 -19 -236 166 -209 -162 13 -76
-1 5 -5 10 15 126 458 0 -22 49 -28 -53
Net Cash Flow -2 1 3 0 0 0 20 -19 9 7 -13 -2

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 96 119 137 175 126 199 233 331 343 229 202 167
Inventory Days 137 123 106 107 128 209 173 102 127 51 59 96
Days Payable 111 100 120 101 72 90 183 134 211 209 182 173
Cash Conversion Cycle 122 142 122 181 183 317 223 299 259 70 79 91
Working Capital Days 115 126 111 181 122 340 436 503 430 176 137 152
ROCE % 9% 8% 10% 11% 14% 9% -1% 4% 3% 8% 14% 15%

Shareholding Pattern

Numbers in percentages

4 Recently
Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024
51.74% 51.62% 50.02% 50.02% 50.02% 50.02% 50.02% 50.02% 50.02% 50.02% 50.02% 50.02%
8.65% 9.13% 8.75% 9.02% 10.41% 9.44% 9.03% 8.55% 8.01% 7.78% 8.58% 7.61%
0.08% 0.03% 0.04% 0.03% 0.04% 0.09% 0.11% 0.11% 0.14% 0.15% 0.18% 0.19%
39.53% 39.22% 41.20% 40.93% 39.54% 40.45% 40.85% 41.33% 41.84% 42.04% 41.24% 42.19%
No. of Shareholders 59,58394,0181,18,7171,29,4481,32,5671,43,7071,60,7961,98,0353,42,9553,59,0834,33,0124,83,162

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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Documents

Concalls