Olectra Greentech Ltd
₹ 1,250
-1.58%
28 Nov
- close price
- Market Cap ₹ 10,263 Cr.
- Current Price ₹ 1,250
- High / Low ₹ 1,714 / 974
- Stock P/E 70.4
- Book Value ₹ 137
- Dividend Yield 0.03 %
- ROCE 21.0 %
- ROE 14.2 %
- Face Value ₹ 4.00
Pros
- Company is expected to give good quarter
- Company has delivered good profit growth of 70.2% CAGR over last 5 years
- Company's median sales growth is 36.2% of last 10 years
Cons
- Stock is trading at 9.10 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.
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Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| 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 | 290 | 396 | 277 | 585 | 1,134 | 1,114 | 1,763 | 1,929 | |
| 69 | 75 | 75 | 85 | 148 | 304 | 386 | 256 | 505 | 997 | 958 | 1,511 | 1,668 | |
| Operating Profit | 11 | 17 | 18 | 20 | 14 | -14 | 9 | 21 | 81 | 137 | 156 | 252 | 262 |
| OPM % | 14% | 18% | 20% | 19% | 9% | -5% | 2% | 8% | 14% | 12% | 14% | 14% | 14% |
| 0 | 1 | 1 | 1 | 7 | 15 | 27 | 11 | 5 | 11 | 12 | 10 | 16 | |
| Interest | 6 | 6 | 6 | 6 | 6 | 15 | 14 | 7 | 9 | 31 | 42 | 47 | 51 |
| Depreciation | 2 | 6 | 5 | 2 | 3 | 6 | 9 | 9 | 25 | 26 | 27 | 29 | 32 |
| Profit before tax | 3 | 6 | 8 | 13 | 12 | -20 | 13 | 16 | 52 | 91 | 99 | 186 | 195 |
| Tax % | 31% | 23% | 29% | 36% | 25% | -31% | 20% | 24% | 31% | 22% | 25% | 25% | |
| 2 | 5 | 6 | 8 | 9 | -14 | 11 | 12 | 36 | 71 | 74 | 140 | 146 | |
| EPS in Rs | 0.59 | 1.36 | 1.61 | 2.33 | 1.77 | -1.71 | 1.30 | 1.49 | 4.35 | 8.61 | 8.97 | 17.00 | 17.76 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 9% | 5% | 4% | 2% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 34% |
| 5 Years: | 35% |
| 3 Years: | 44% |
| TTM: | 35% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 40% |
| 5 Years: | 70% |
| 3 Years: | 56% |
| TTM: | 42% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 55% |
| 5 Years: | 76% |
| 3 Years: | 36% |
| 1 Year: | -22% |
| Return on Equity | |
|---|---|
| 10 Years: | 6% |
| 5 Years: | 8% |
| 3 Years: | 11% |
| Last Year: | 14% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| 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 | 673 | 699 | 711 | 748 | 816 | 886 | 1,023 | 1,095 |
| 50 | 45 | 55 | 65 | 72 | 24 | 30 | 8 | 66 | 69 | 58 | 208 | 319 | |
| 27 | 34 | 29 | 32 | 45 | 137 | 137 | 153 | 320 | 585 | 551 | 862 | 869 | |
| Total Liabilities | 154 | 160 | 170 | 163 | 315 | 867 | 899 | 906 | 1,167 | 1,503 | 1,528 | 2,125 | 2,316 |
| 84 | 79 | 76 | 61 | 72 | 102 | 106 | 249 | 289 | 274 | 255 | 288 | 340 | |
| CWIP | 9 | 9 | 9 | 11 | 6 | 0 | 0 | 0 | 1 | 4 | 72 | 187 | 207 |
| Investments | 6 | 6 | 6 | 0 | 0 | 107 | 0 | 32 | 32 | 35 | 42 | 105 | 123 |
| 55 | 66 | 79 | 91 | 237 | 658 | 793 | 624 | 844 | 1,190 | 1,159 | 1,545 | 1,647 | |
| Total Assets | 154 | 160 | 170 | 163 | 315 | 867 | 899 | 906 | 1,167 | 1,503 | 1,528 | 2,125 | 2,316 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| -4 | 3 | -14 | -9 | -107 | -201 | -186 | 240 | 120 | 2 | 127 | 129 | |
| 0 | 5 | 5 | -6 | -19 | -236 | 166 | -209 | -162 | 13 | -76 | -231 | |
| 5 | -5 | 10 | 15 | 126 | 458 | 0 | -22 | 49 | -28 | -53 | 102 | |
| Net Cash Flow | 1 | 3 | 0 | 0 | 0 | 20 | -19 | 9 | 7 | -13 | -2 | 0 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| 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 | 233 | 331 | 343 | 229 | 202 | 167 | 143 |
| Inventory Days | 123 | 106 | 107 | 128 | 209 | 173 | 102 | 127 | 51 | 59 | 96 | 79 |
| Days Payable | 100 | 120 | 101 | 72 | 90 | 183 | 134 | 211 | 209 | 182 | 173 | 181 |
| Cash Conversion Cycle | 142 | 122 | 181 | 183 | 317 | 223 | 299 | 259 | 70 | 79 | 91 | 41 |
| Working Capital Days | 13 | 7 | 94 | -86 | 198 | 410 | 485 | 425 | 167 | 118 | 135 | 95 |
| ROCE % | 8% | 10% | 11% | 14% | 9% | -1% | 4% | 3% | 8% | 14% | 15% | 21% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Newspaper Publication
20 Nov - Olectra Greentech Limited has informed about News Paper Publication of Notice of Postal Ballot
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Shareholder Meeting / Postal Ballot-Notice of Postal Ballot
19 Nov - Postal ballot to appoint Mahesh Babu Subramanian as MD from 27 Sep 2025 at Rs.10.00 crore p.a.; reappoint independent director.
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Announcement under Regulation 30 (LODR)-Earnings Call Transcript
19 Nov - Olectra Greentech Limited has informed about the Transcript of the Investor call held on 12th November, 2025 for the quarter ended 30th September, 2025
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Board Meeting Outcome for Outcome Of The Board Meeting Held On 19.11.2025
19 Nov - Board approved postal ballot to appoint Mahesh B. Subramanian as MD effective Sep 27, 2025; e-voting Nov 24–Dec 23.
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
12 Nov - Audio recording of conference call on unaudited Q2/H1 results (Sept 30, 2025) uploaded on Nov 12, 2025.
Annual reports
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Financial Year 2025
from bse
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Financial Year 2024
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
from bse
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Financial Year 2015
from bse
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Financial Year 2014
from bse
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Financial Year 2013
from nse
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Financial Year 2013
from bse
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Financial Year 2012
from bse
Concalls
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Nov 2025Transcript PPT
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Aug 2025Transcript PPT REC
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Jun 2025Transcript PPT
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Feb 2025TranscriptPPTREC
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Oct 2024Transcript PPT REC
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Aug 2024Transcript PPT REC
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May 2024Transcript PPT REC
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Feb 2024Transcript PPT REC
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Nov 2023Transcript PPT REC
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Aug 2023Transcript PPT REC
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May 2023Transcript PPT
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Jan 2023TranscriptPPT
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Nov 2022TranscriptNotesPPT
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Jul 2022TranscriptPPT
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Feb 2022TranscriptNotesPPT
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Sep 2021TranscriptNotesPPT
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Sep 2021TranscriptNotesPPT
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]