Olectra Greentech Ltd

About [ edit ]

Olectra Greentech is engaged in the Business of Power Insulators and Electric Bus.

  • Market Cap 1,584 Cr.
  • Current Price 193
  • High / Low 233 / 53.0
  • Stock P/E 130
  • Book Value 90.7
  • Dividend Yield 0.00 %
  • ROCE 3.18 %
  • ROE 1.70 %
  • Face Value 4.00

Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Company is expected to give good quarter

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • Promoter holding has decreased over last quarter: -3.35%
  • Company has a low return on equity of 0.45% for last 3 years.
  • Earnings include an other income of Rs.11.43 Cr.
  • Company has high debtors of 342.96 days.
  • Company's cost of borrowing seems high
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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021
33.29 70.74 89.46 96.82 112.87 110.56 105.49 66.61 22.14 50.19 60.13 144.75
34.58 72.16 96.39 100.97 105.53 108.04 101.23 71.64 27.52 45.81 53.50 129.52
Operating Profit -1.29 -1.42 -6.93 -4.15 7.34 2.52 4.26 -5.03 -5.38 4.38 6.63 15.23
OPM % -3.88% -2.01% -7.75% -4.29% 6.50% 2.28% 4.04% -7.55% -24.30% 8.73% 11.03% 10.52%
Other Income 0.44 0.30 6.80 7.59 9.99 7.49 7.80 1.61 3.82 3.04 2.63 1.95
Interest 3.07 5.31 3.53 3.02 3.87 3.57 3.59 2.77 1.84 2.10 1.87 1.61
Depreciation 1.46 1.39 1.69 1.68 2.20 2.37 2.48 1.78 1.91 1.90 1.66 3.42
Profit before tax -5.38 -7.82 -5.35 -1.26 11.26 4.07 5.99 -7.97 -5.31 3.42 5.73 12.15
Tax % 26.77% 18.03% 25.42% 159.52% 25.58% 25.55% 19.53% 29.61% 31.64% 33.92% 20.24% 25.93%
Net Profit -3.94 -6.41 -3.99 0.76 8.37 3.03 4.82 -5.61 -3.62 2.26 4.57 9.00
EPS in Rs -0.79 -1.28 -0.52 0.10 1.02 0.37 0.59 -0.68 -0.44 0.28 0.56 1.10

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
66 68 60 70 80 92 93 105 161 290 396 277
53 58 51 59 69 75 75 85 148 304 386 256
Operating Profit 12 10 9 11 11 17 18 20 14 -14 9 21
OPM % 19% 15% 15% 15% 14% 18% 20% 19% 9% -5% 2% 8%
Other Income 2 1 1 1 0 1 1 1 7 15 27 11
Interest 3 4 5 6 6 6 6 6 6 15 14 7
Depreciation 3 3 3 2 2 6 5 2 3 6 9 9
Profit before tax 9 5 2 3 3 6 8 13 12 -20 13 16
Tax % 27% 32% 20% 34% 31% 23% 29% 36% 25% 31% 20% 24%
Net Profit 7 3 2 2 2 5 6 8 9 -14 11 12
EPS in Rs 1.87 0.90 0.53 0.56 0.59 1.36 1.61 2.33 1.77 -1.71 1.30 1.49
Dividend Payout % 11% 22% 38% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years:15%
5 Years:24%
3 Years:20%
TTM:-30%
Compounded Profit Growth
10 Years:14%
5 Years:14%
3 Years:11%
TTM:24%
Stock Price CAGR
10 Years:27%
5 Years:61%
3 Years:6%
1 Year:185%
Return on Equity
10 Years:2%
5 Years:1%
3 Years:0%
Last Year:2%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
14 14 14 14 14 14 14 14 20 32 33 33
Reserves 82 85 59 60 62 66 72 52 167 628 659 711
Borrowings 30 25 36 37 50 45 55 65 72 24 30 8
18 32 33 33 27 34 29 32 55 183 177 153
Total Liabilities 145 156 143 144 154 160 170 163 315 867 899 906
81 83 82 82 84 79 76 61 72 102 106 249
CWIP 9 10 9 10 9 9 9 11 6 0 0 0
Investments 0 6 6 6 6 6 6 0 0 107 0 32
55 57 45 46 55 66 79 91 237 658 793 624
Total Assets 145 156 143 144 154 160 170 163 315 867 899 906

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
-2 9 19 -3 -4 3 -14 -9 -107 -201 -186 240
-6 -9 -25 2 0 5 5 -6 -19 -236 166 -209
9 -1 9 -1 5 -5 10 15 126 458 0 -22
Net Cash Flow 0 -1 3 -2 1 3 0 0 0 20 -19 9

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
ROCE % 10% 7% 6% 9% 8% 10% 11% 14% 9% -1% 4% 3%
Debtor Days 132 189 117 96 119 137 175 126 199 233 331 343
Inventory Turnover 3.67 3.90 3.35 3.18 3.17 3.51 3.54 3.46 2.63 2.75 3.03 2.55

Shareholding Pattern

Numbers in percentages

Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021
36.56 36.56 58.49 59.90 60.86 60.80 60.80 61.50 61.50 61.31 59.02 55.67
1.16 2.21 1.46 3.05 2.93 2.93 2.92 3.00 3.00 3.06 3.16 3.01
0.06 0.06 0.04 0.04 0.09 0.10 0.12 0.06 0.04 0.04 0.05 0.04
62.21 61.17 40.01 37.01 36.12 36.17 36.16 35.44 35.46 35.59 37.77 41.28

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