Olectra Greentech Ltd

Olectra Greentech Ltd

₹ 1,710 -0.71%
03 May - 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 14,037 Cr.
  • Current Price 1,710
  • High / Low 2,222 / 646
  • Stock P/E 183
  • Book Value 111
  • Dividend Yield 0.02 %
  • ROCE 14.8 %
  • ROE 8.76 %
  • Face Value 4.00

Pros

  • Company has delivered good profit growth of 46.6% CAGR over last 5 years

Cons

  • Stock is trading at 15.4 times its book value
  • Company has a low return on equity of 7.34% over last 3 years.
  • Company has high debtors of 162 days.
  • Company's cost of borrowing seems high
  • Promoter holding has decreased over last 3 years: -5.65%

* 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

Consolidated Figures in Rs. Crores / View Standalone

Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
148 42 71 208 271 281 177 256 376 216 307 342 289
130 33 56 180 239 245 157 221 326 176 267 293 254
Operating Profit 18 9 15 29 32 36 20 35 50 40 41 49 34
OPM % 12% 21% 21% 14% 12% 13% 11% 14% 13% 19% 13% 14% 12%
2 2 -1 2 4 3 6 2 2 1 5 7 8
Interest 2 2 1 2 4 8 7 8 8 7 10 13 13
Depreciation 5 7 7 7 8 8 8 8 9 9 9 9 10
Profit before tax 13 2 6 21 24 23 11 20 35 25 27 34 20
Tax % 27% 26% 37% 39% 26% 27% 33% 25% 22% 28% 30% 20% 26%
10 1 4 13 18 17 7 15 28 18 19 27 15
EPS in Rs 1.18 0.16 0.44 1.54 2.16 2.03 0.92 1.75 3.29 2.20 2.20 3.29 1.67
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
70 80 92 93 105 161 170 201 281 593 1,091 1,154
59 69 75 75 85 148 185 195 261 509 949 988
Operating Profit 11 11 17 18 20 14 -15 5 20 85 141 166
OPM % 15% 14% 18% 20% 19% 9% -9% 3% 7% 14% 13% 14%
1 0 1 1 1 7 15 44 11 6 13 20
Interest 6 6 6 6 6 6 15 14 8 9 31 43
Depreciation 2 2 6 5 2 3 7 18 13 29 33 37
Profit before tax 3 3 6 8 13 12 -22 17 11 52 89 106
Tax % 34% 31% 23% 29% 36% 25% 28% 22% 26% 32% 25% 26%
2 2 5 6 8 9 -16 14 8 35 67 79
EPS in Rs 0.56 0.59 1.37 1.61 2.33 1.77 -1.99 1.65 0.98 4.31 7.99 9.36
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 9% 5% 4%
Compounded Sales Growth
10 Years: 31%
5 Years: 47%
3 Years: 60%
TTM: 6%
Compounded Profit Growth
10 Years: 41%
5 Years: 47%
3 Years: 112%
TTM: 17%
Stock Price CAGR
10 Years: 71%
5 Years: 50%
3 Years: 113%
1 Year: 165%
Return on Equity
10 Years: 4%
5 Years: 5%
3 Years: 7%
Last Year: 9%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

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 52 167 626 660 708 744 807 881
39 52 45 55 65 72 24 30 8 67 134 121
35 30 38 33 32 55 181 259 185 346 583 554
Total Liabilities 148 158 164 174 163 315 863 981 934 1,190 1,557 1,589
82 84 79 76 61 72 173 151 290 325 356 330
CWIP 20 19 19 19 11 6 0 0 0 3 4 72
Investments 0 0 0 0 0 0 102 0 0 0 2 11
46 55 66 79 91 237 589 831 645 862 1,195 1,175
Total Assets 148 158 164 174 163 315 863 981 934 1,190 1,557 1,589

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

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 0 5 -14 -9 -107 -130 -219 209 121 -10 143
2 0 5 5 -6 -19 -307 199 -177 -164 -38 -86
-1 0 -6 10 15 126 457 0 -22 50 35 -56
Net Cash Flow -2 0 3 0 0 0 20 -19 10 7 -13 1

Ratios

Consolidated Figures in Rs. Crores / View Standalone

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 96 119 137 175 126 199 195 658 342 225 211 162
Inventory Days 137 123 106 107 128 209 319 274 127 51 63 96
Days Payable 128 114 142 123 72 90 339 645 284 235 195 172
Cash Conversion Cycle 105 127 101 158 183 317 175 288 185 40 79 86
Working Capital Days 102 115 96 166 122 340 588 906 404 166 147 151
ROCE % 8% 8% 10% 11% 14% 9% -2% 2% 2% 8% 13%

Shareholding Pattern

Numbers in percentages

1 Recently
Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
55.61% 51.74% 51.62% 50.02% 50.02% 50.02% 50.02% 50.02% 50.02% 50.02% 50.02% 50.02%
3.13% 8.65% 9.13% 8.75% 9.02% 10.41% 9.44% 9.03% 8.55% 8.01% 7.78% 8.58%
0.80% 0.08% 0.03% 0.04% 0.03% 0.04% 0.09% 0.11% 0.11% 0.14% 0.15% 0.18%
40.46% 39.53% 39.22% 41.20% 40.93% 39.54% 40.45% 40.85% 41.33% 41.84% 42.04% 41.24%
No. of Shareholders 46,26459,58394,0181,18,7171,29,4481,32,5671,43,7071,60,7961,98,0353,42,9553,59,0834,33,012

* 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