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Olectra Greentech

OLECTRA NSE
₹1,058.70 +50.05 (+4.96%)
P/E
48.99
View as Markdown
MCP
Close 4 Nov 2026 ₹1,058.70 −466.60 −30.6% 1Y
Start ₹1,525.30

Key Fundamentals

MicrocapAutomobilesConsumer Discretionary

Price-based figures as of · EPS basis: Consolidated · TTM

ROCE
21.00%
Debt to Equity
0.31
EPS (TTM)
₹21.61
Book Value
₹149.15
Market Cap
—
P/E (TTM)
48.99
P/B
7.10
ROE
15.60%
Dividend Yield
0.06%
EBITDA
₹344 Cr
52W High
₹1,556.00
52W Low
₹866.60
Day Range
₹999.20 – ₹1,064.00
Volume
6,28,186

Peer Comparison

Consumer Discretionary › Automobiles › Cars & Utility Vehicles › Passenger Cars & Utility Vehicles

Olectra Greentech peer comparison
Maruti
₹11,995.0028.04₹3,73,667 Cr3.461.18%14.30%18.90%₹2,08,192 Cr₹13,451 Cr
Mahindra & Mahindra
₹2,961.9019.94₹3,64,230 Cr3.951.13%20.30%15.10%₹2,11,375 Cr₹20,243 Cr
Hyundai Motor India
₹2,063.0036.64₹1,64,832 Cr8.231.03%29.90%38.40%₹73,920 Cr₹4,575 Cr
Tata Motors Passenger Vehicles
₹278.50—₹1,02,686 Cr0.921.08%75.70%2.73%₹3,43,703 Cr₹79,502 Cr
Force Motors
₹18,148.0019.10₹23,063 Cr5.160.28%26.10%36.00%₹9,200 Cr₹1,253 Cr
Olectra Greentech (this company)
₹1,058.7048.99₹8,392 Cr7.100.06%15.60%21.00%₹2,540 Cr₹180 Cr
Median 6 companies₹2,512.4528.04₹1,33,759 Cr4.561.06%23.20%19.95%₹1,41,056 Cr₹9,013 Cr

Comparable companies in the same industry. Market cap, P/E and P/B use the latest price; other metrics are as reported in filings. A dash means the figure is not published for that company. 1 company is not shown because they are not listed on an exchange we cover.

Tapetide Score

Data-driven rating, 0–100, as of . How it works →

Overall score

42 Weak

Data confidence 100/100

Category scores

Quality
43
Weak
Returns, margins, earnings quality 22% weight
Valuation
22
Poor
Cheap vs sector & own history 24% weight
Growth
95
Strong
Sales & profit trajectory 9% weight
Financial Health
55
Average
Solvency, leverage, coverage 9% weight
Momentum
17
Poor
Trend strength, vol-adjusted 12% weight
Ownership
41
Weak
FII/DII/promoter flows 24% weight

The Tapetide Score is data analysis, not investment advice. Tapetide is not a SEBI-registered research analyst or investment adviser.

Key Insights

Strengths

3
  • Company is expected to give good quarter
  • Company has delivered good profit growth of 85.4% CAGR over last 5 years
  • Company's median sales growth is 34.3% of last 10 years

Weaknesses

2
  • Company has a low return on equity of 13.2% over last 3 years.
  • Company has high debtors of 156 days.

Technical Indicators

Technical signals: verdict and indicator counts
GroupSignalBearishNeutralBullish
OverallBearish946
OscillatorsBearish342
Moving AveragesStrong Bearish604

Key readings

RSI (14)
51.04
Neutral
MACD (12,26,9)
−40.27
Bullish
SMA (50)
1,136.44
Bearish
SMA (200)
1,188.07
Bearish

As of

Growth Rate

From the financial statements below. 10Y, 5Y, 3Y: compound annual growth to Mar 2026; 1Y: fiscal year to Mar 2026 against Mar 2025; TTM: four quarters to Jun 2026 against Jun 2025.

Revenue

Revenue growth by window
10Y+37.90%
5Y+52.43%
3Y+28.45%
1Y+28.30%
TTM+38.53%

Net profit

Net profit growth by window
10Y+40.51%
5Y+86.40%
3Y+39.02%
1Y+29.50%
TTM+26.76%

Operating cash flow

Operating cash flow growth by window
10YTurned positive
5Y−13.03%
3YTurned positive
1Y−26.24%
TTM—

TTM: Reported once a year, so there is no trailing-twelve-month figure.

Operating margin· change in pp

Operating margin growth by window
10Y−5.08 pp
5Y+7.15 pp
3Y+1.35 pp
1Y−0.27 pp
TTM−0.51 pp

Revenue by year

Revenue by year, ₹ crore
Mar 2017₹105 Cr
Mar 2018₹161 Cr
Mar 2019₹170 Cr
Mar 2020₹201 Cr
Mar 2021₹281 Cr
Mar 2022₹593 Cr
Mar 2023₹1,091 Cr
Mar 2024₹1,154 Cr
Mar 2025₹1,802 Cr
Mar 2026₹2,312 Cr

Net profit by year

Net profit by year, ₹ crore
Mar 2017₹8.00 Cr
Mar 2018₹9.00 Cr
Mar 2019−₹16.00 Cr
Mar 2020₹14.00 Cr
Mar 2021₹8.00 Cr
Mar 2022₹35.00 Cr
Mar 2023₹67.00 Cr
Mar 2024₹79.00 Cr
Mar 2025₹139 Cr
Mar 2026₹180 Cr

AI Analysis — Bull vs Bear

Generated 31 Jul 2026
AI opinion · based on fundamentals
Risk high

Olectra Greentech, with a market cap of ₹10,901 Cr, operates in the electric bus manufacturing space and has delivered 85% compounded profit CAGR over 5 years alongside 28% TTM sales growth. However, the stock trades at a PE of 60.7x and 8.88x book value with high debtor days of 156, reflecting elevated valuations relative to current return ratios.

Bull Case 8
  • Exceptional 5-year compounded profit growth of 85% CAGR demonstrates strong earnings momentum in the EV bus segment
  • Consistent revenue expansion with 28% compounded sales growth over 3 years and 52% over 5 years indicates sustained demand
  • 10-year stock CAGR of 50% reflects long-term wealth creation track record
  • ROE has improved to 16% in the last year from a 3-year average of 13%, showing improving capital efficiency
  • TTM profit growth of 27% continues the trend of healthy earnings expansion
  • Median sales growth of 34.3% over the last 10 years highlights structural growth in core business
  • Company is expected to deliver a good upcoming quarter based on operational indicators
  • 10-year compounded sales growth of 38% demonstrates the company's ability to scale revenue over extended periods
Bear Case 7
  • Price-to-book of 8.88x is expensive and indicates the stock prices in substantial future growth already
  • High debtor days of 156 signals working capital stress and potential cash flow challenges from delayed collections
  • 3-year ROE of only 13.2% is modest relative to the premium valuation multiples the stock commands
  • 1-year stock return of -6% indicates recent price weakness despite continued profit growth
  • Dividend yield of just 0.03% offers virtually no income cushion for investors during periods of price decline
  • 5-year ROE average of 11% suggests the company has historically struggled to generate strong returns on shareholder equity
  • 3-year stock CAGR of only 5% versus 3-year profit CAGR of 39% suggests valuation multiple compression has already begun

This is AI-generated analysis, not financial advice. Do your own due diligence.

AI News Digest

94d ago

TL;DR: Limited news flow for Olectra this period. The company has been drawn into a PIL challenging land acquisition in Telangana, but it is not the primary target of the litigation. No direct operational or financial impact is evident yet, though the 150-acre allotment could face delays if the court rules adversely.

Neutral 1
  • Impleaded in Telangana land PIL Jul 17

    Olectra Greentech named as respondent in a PIL before the Telangana High Court challenging land acquisition by TGIIC, involving 150 acres allotted to the company.

Quarterly Results

₹ Cr
OLECTRA quarterly results, ₹ crore
Particulars Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales
216
307
342
289
314
524
515
449
347
657
664
645
576
Expenses
176
267
293
254
270
442
436
395
299
568
570
545
507
Operating Profit
40
41
49
34
44
81
79
54
48
89
93
100
68
OPM %
19%
13%
14%
12%
14%
16%
15%
12%
14%
14%
14%
15%
12%
Other Income
1
3.12
7
8
7
4
2.22
5
8
4
4
7
5
Interest
7
10
13
13
10
11
11
20
12
14
20
15
24
Depreciation
9
9
9
10
9
10
9
10
10
11
13
11
15
PBT
25
27
34
20
32
65
62
29
34
68
64
80
35
Tax %
28%
30%
20%
26%
24%
26%
25%
29%
23%
28%
27%
28%
23%
Net Profit
18
19
27
15
24
48
47
21
26
49
47
57
27
EPS (₹)
2.2
2.2
3.29
1.67
2.92
5.79
5.64
2.56
3.17
6.04
5.65
6.76
3.16

Profit & Loss

₹ Cr
OLECTRA profit and loss, annual, ₹ crore
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales
92
93
105
161
170
201
281
593
1,091
1,154
1,802
2,312
2,540
Expenses
75
75
85
148
185
195
261
509
949
988
1,540
1,982
2,191
Operating Profit
17
18
20
14
−15
5
20
85
141
166
262
330
350
OPM %
18%
20%
19%
9%
−9%
2.5%
7%
14%
13%
14%
15%
14%
14%
Other Income
1
1
1
7
15
44
11
6
13
20
14
22
19
Interest
6
6
6
6
15
14
8
9
31
43
51
61
73
Depreciation
6
5
2
3
7
18
13
29
33
37
37
45
49
PBT
6
8
13
12
−22
17
11
52
89
106
188
246
247
Tax %
23%
29%
36%
25%
−28%
22%
26%
32%
25%
26%
26%
27%
—
Net Profit
5
6
8
9
−16
14
8
35
67
79
139
180
180
EPS (₹)
1.37
1.61
2.33
1.77
−1.99
1.65
0.98
4.31
7.99
9.36
16.92
21.62
21.61
Div. Payout %
0%
0%
0%
0%
0%
0%
0%
9%
5%
4%
2%
3%
—

Balance Sheet

₹ Cr
OLECTRA balance sheet, annual, ₹ crore
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
14
14
14
20
32
33
33
33
33
33
33
33
Reserves
66
72
52
178
671
700
708
744
807
881
1,016
1,195
Borrowings
45
55
65
72
24
30
8
67
134
121
255
380
Other Liabilities
38
33
32
45
136
219
185
346
583
554
867
959
Total Liabilities
164
174
163
315
863
981
934
1,190
1,557
1,589
2,171
2,567
Fixed Assets
79
76
61
72
173
151
290
325
356
330
355
574
CWIP
19
19
11
6
0
0
0
3
4
72
187
82
Investments
0
0
0
0
102
0
0
0
2
11
73
94
Other Assets
66
79
91
237
589
831
645
862
1,195
1,175
1,557
1,817
Total Assets
164
174
163
315
863
981
934
1,190
1,557
1,589
2,171
2,567

Cash Flow

₹ Cr
OLECTRA cash flow, annual, ₹ crore
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
5
−14
−9
−107
−130
−219
209
121
−10
143
141
104
Investing
5
5
−6
−19
−307
199
−177
−164
−38
−86
−225
−167
Financing
−6
10
15
126
457
0
−22
50
35
−56
83
67
Net Cash Flow
3
0
0
0
20
−19
10
7
−13
1
−1
4
Free Cash Flow
8
−11
−14
−116
−231
−206
49
54
−75
64
−36
−55
CFO/EBITDA
32
−62
−23
−724
843
−4,288
1,043
146
6
103
59
46

Ratios

OLECTRA financial ratios, annual
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days
137
175
126
199
195
658
342
225
211
162
140
156
Inventory Days
106
107
128
209
319
274
127
51
63
96
79
51
Days Payable
142
123
72
90
339
645
284
235
195
172
178
153
Cash Conversion Cycle
101
158
183
317
175
288
185
40
79
86
41
54
Working Capital Days
−9
79
−86
198
544
871
399
157
105
115
85
73
ROCE %
10%
11%
14%
9%
−1%
2%
2%
8%
13%
15%
21%
21%

Insights

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

Log in to view Olectra Greentech insights

62 extracted metrics across FY11–FY27.

Shareholding Pattern

As of Sep 2026

  • Promoters 50.02%
  • Public 36.36%
  • FIIs 7.34%
  • Others 5.68%
  • DIIs 0.60%

No promoter shares pledged as of Sep 2026

Change vs previous quarter

Not shown for some quarters: Others. Not available separately for this quarter: the shareholding filing gives Public and Others as one figure, shown under Public, so Others is left blank rather than estimated.

Documents

Frequently Asked Questions about Olectra Greentech

What does Olectra Greentech Ltd do?
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.
Where is Olectra Greentech Ltd (OLECTRA) listed?
Olectra Greentech Ltd trades as OLECTRA on the NSE and under code 532439 on the BSE.
Which sector does Olectra Greentech Ltd belong to?
Olectra Greentech Ltd is classified under the Automobiles sector, in the Cars & Utility Vehicles industry.
What is the PE ratio of Olectra Greentech Ltd?
Olectra Greentech Ltd trades at a PE ratio of 48.99 as of 4 Nov 2026, on earnings per share of ₹21.61, against a book value of ₹149.15 per share.
What is the 52-week high and low of Olectra Greentech Ltd?
Over the last 52 weeks Olectra Greentech Ltd has traded between ₹866.6 and ₹1,556 as of 4 Nov 2026.
Does Olectra Greentech Ltd pay dividends?
Olectra Greentech Ltd has a dividend yield of 0.06%.
What is the Return on Equity (ROE) of Olectra Greentech Ltd?
Olectra Greentech Ltd reported a return on equity of 15.60%. Its debt-to-equity ratio is 0.31.

Company Information

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.

Website olectra.com
CEO Mr. Mahesh Babu Subramanian
Employees 801
Listed 20 Mar 2002
Face Value ₹4

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