Olectra Greentech Ltd

Olectra Greentech Ltd

₹ 1,421 -0.41%
13 Nov - 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
1) E-Vehicle Division (91% in 9M FY25 vs 82% in FY22): [1] The company is India’s largest pure electric bus manufacturer, offering e-bus models like 7m, 9m, and 12m, including inter-city coach variants. It is broadening its product portfolio in the e-mobility sector by introducing electric trucks and tippers. [2] [3] As of 9M FY25, the company has delivered about 2,448 electric buses and 51 electric tippers, covering 30+ Cr km across the length and breadth of the country. [4] It serves state and central government bodies across cities like Pune, Mumbai, Hyderabad, and others, including MSRTC, BEST, PMPML, and TSRTC, etc. [3] [5]

  • Market Cap 11,653 Cr.
  • Current Price 1,421
  • High / Low 1,714 / 974
  • Stock P/E 81.5
  • Book Value 137
  • Dividend Yield 0.03 %
  • ROCE 20.5 %
  • ROE 14.3 %
  • Face Value 4.00

Pros

  • Company is expected to give good quarter
  • Company has delivered good profit growth of 123% CAGR over last 5 years
  • Company's median sales growth is 17.9% of last 10 years

Cons

  • Stock is trading at 10.4 times its book value
  • Company has a low return on equity of 10.6% over last 3 years.

* 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.

Loading peers table ...

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025
177 256 376 216 307 342 289 314 524 515 449 347 657
157 221 326 176 267 293 254 270 442 436 395 299 568
Operating Profit 20 35 50 40 41 49 34 44 81 79 54 48 89
OPM % 11% 14% 13% 19% 13% 14% 12% 14% 16% 15% 12% 14% 14%
6 2 2 1 5 7 8 7 4 3 5 8 4
Interest 7 8 8 7 10 13 13 10 11 11 20 12 14
Depreciation 8 8 9 9 9 9 10 9 10 9 10 10 11
Profit before tax 11 20 35 25 27 34 20 32 65 62 29 34 68
Tax % 33% 25% 22% 28% 30% 20% 26% 24% 26% 25% 29% 23% 28%
7 15 28 18 19 27 15 24 48 47 21 26 49
EPS in Rs 0.92 1.75 3.29 2.20 2.20 3.29 1.67 2.92 5.79 5.64 2.56 3.17 6.04
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
80 92 93 105 161 170 201 281 593 1,091 1,154 1,802 1,968
69 75 75 85 148 185 195 261 509 949 988 1,540 1,699
Operating Profit 11 17 18 20 14 -15 5 20 85 141 166 262 269
OPM % 14% 18% 20% 19% 9% -9% 3% 7% 14% 13% 14% 15% 14%
0 1 1 1 7 15 44 11 6 13 20 14 20
Interest 6 6 6 6 6 15 14 8 9 31 43 51 56
Depreciation 2 6 5 2 3 7 18 13 29 33 37 37 39
Profit before tax 3 6 8 13 12 -22 17 11 52 89 106 188 193
Tax % 31% 23% 29% 36% 25% -28% 22% 26% 32% 25% 26% 26%
2 5 6 8 9 -16 14 8 35 67 79 139 143
EPS in Rs 0.59 1.37 1.61 2.33 1.77 -1.99 1.65 0.98 4.31 7.99 9.36 16.92 17.41
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 9% 5% 4% 2%
Compounded Sales Growth
10 Years: 35%
5 Years: 55%
3 Years: 45%
TTM: 34%
Compounded Profit Growth
10 Years: 39%
5 Years: 123%
3 Years: 56%
TTM: 27%
Stock Price CAGR
10 Years: 57%
5 Years: 88%
3 Years: 37%
1 Year: 0%
Return on Equity
10 Years: 6%
5 Years: 8%
3 Years: 11%
Last Year: 14%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Sep 2025
Equity Capital 14 14 14 14 20 32 33 33 33 33 33 33 33
Reserves 62 66 72 52 178 671 700 708 744 807 881 1,016 1,089
52 45 55 65 72 24 30 8 67 134 121 255 366
30 38 33 32 45 136 219 185 346 583 554 867 876
Total Liabilities 158 164 174 163 315 863 981 934 1,190 1,557 1,589 2,171 2,364
84 79 76 61 72 173 151 290 325 356 330 355 402
CWIP 19 19 19 11 6 0 0 0 3 4 72 187 207
Investments 0 0 0 0 0 102 0 0 0 2 11 73 92
55 66 79 91 237 589 831 645 862 1,195 1,175 1,557 1,664
Total Assets 158 164 174 163 315 863 981 934 1,190 1,557 1,589 2,171 2,364

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
0 5 -14 -9 -107 -130 -219 209 121 -10 143 141
0 5 5 -6 -19 -307 199 -177 -164 -38 -86 -225
0 -6 10 15 126 457 0 -22 50 35 -56 83
Net Cash Flow 0 3 0 0 0 20 -19 10 7 -13 1 -1

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Debtor Days 119 137 175 126 199 195 658 342 225 211 162 140
Inventory Days 123 106 107 128 209 319 274 127 51 63 96 79
Days Payable 114 142 123 72 90 339 645 284 235 195 172 181
Cash Conversion Cycle 127 101 158 183 317 175 288 185 40 79 86 38
Working Capital Days 2 -9 79 -86 198 544 871 399 157 105 115 85
ROCE % 8% 10% 11% 14% 9% -1% 2% 2% 8% 13% 15% 21%

Shareholding Pattern

Numbers in percentages

Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025
50.02% 50.02% 50.02% 50.02% 50.02% 50.02% 50.02% 50.02% 50.02% 50.02% 50.02% 50.02%
9.44% 9.03% 8.55% 8.01% 7.78% 8.58% 7.61% 5.64% 5.69% 5.38% 5.66% 7.04%
0.09% 0.11% 0.11% 0.14% 0.15% 0.18% 0.19% 0.28% 0.31% 0.45% 0.48% 0.69%
40.45% 40.85% 41.33% 41.84% 42.04% 41.24% 42.19% 44.08% 44.00% 44.16% 43.84% 42.25%
No. of Shareholders 1,43,7071,60,7961,98,0353,42,9553,59,0834,33,0124,83,1625,01,2804,99,7365,24,7835,22,2814,60,134

* 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.

Click on the line-items to see the names of individual entities.

Documents

Concalls