Olectra Greentech Ltd

Olectra Greentech Ltd

₹ 1,889 -1.91%
28 Mar - 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]
As on FY22,
Electric Bus (82% of the revenue)
Composite Polymer Insulators (18% of the revenue)

  • Market Cap 15,501 Cr.
  • Current Price 1,889
  • High / Low 2,222 / 615
  • Stock P/E 173
  • Book Value 108
  • Dividend Yield 0.02 %
  • ROCE 13.9 %
  • ROE 8.68 %
  • Face Value 4.00

Pros

  • Company is almost debt free.
  • Company has delivered good profit growth of 51.4% CAGR over last 5 years
  • Company's working capital requirements have reduced from 248 days to 137 days

Cons

  • Stock is trading at 17.5 times its book value
  • Company has a low return on equity of 5.24% over last 3 years.
  • Company has high debtors of 202 days.
  • Company's cost of borrowing seems high
  • Promoter holding has decreased over last 3 years: -9.00%

* 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

Loading peers table ...

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
60 145 41 69 207 268 305 213 249 368 206 298 332
54 130 32 55 180 237 268 191 218 320 169 257 285
Operating Profit 7 15 9 14 27 31 37 22 30 48 37 41 47
OPM % 11% 11% 21% 20% 13% 12% 12% 10% 12% 13% 18% 14% 14%
3 2 2 -1 2 3 3 6 1 1 2 3 3
Interest 2 2 2 1 2 4 8 7 8 8 7 9 13
Depreciation 2 3 6 6 6 6 6 7 7 7 7 7 7
Profit before tax 6 12 3 6 20 24 25 15 17 34 25 28 30
Tax % 20% 26% 26% 35% 38% 26% 24% 24% 25% 19% 25% 25% 26%
5 9 2 4 12 17 19 11 13 28 19 21 22
EPS in Rs 0.56 1.10 0.25 0.45 1.52 2.13 2.29 1.35 1.58 3.39 2.28 2.56 2.71
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
60 70 80 92 93 105 161 290 396 277 585 1,134 1,204
51 59 69 75 75 85 148 304 386 256 505 997 1,031
Operating Profit 9 11 11 17 18 20 14 -14 9 21 81 137 173
OPM % 15% 15% 14% 18% 20% 19% 9% -5% 2% 8% 14% 12% 14%
1 1 0 1 1 1 7 15 27 11 5 11 8
Interest 5 6 6 6 6 6 6 15 14 7 9 31 37
Depreciation 3 2 2 6 5 2 3 6 9 9 25 26 27
Profit before tax 2 3 3 6 8 13 12 -20 13 16 52 91 117
Tax % 20% 34% 31% 23% 29% 36% 25% 31% 20% 24% 31% 22%
2 2 2 5 6 8 9 -14 11 12 36 71 90
EPS in Rs 0.53 0.56 0.59 1.36 1.61 2.33 1.77 -1.71 1.30 1.49 4.35 8.61 10.94
Dividend Payout % 38% 0% 0% 0% 0% 0% 0% 0% 0% 0% 9% 5%
Compounded Sales Growth
10 Years: 32%
5 Years: 48%
3 Years: 42%
TTM: 16%
Compounded Profit Growth
10 Years: 42%
5 Years: 51%
3 Years: 93%
TTM: 49%
Stock Price CAGR
10 Years: 74%
5 Years: 51%
3 Years: 107%
1 Year: 202%
Return on Equity
10 Years: 4%
5 Years: 3%
3 Years: 5%
Last Year: 9%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 14 14 14 14 14 14 20 32 33 33 33 33 33
Reserves 59 60 62 66 72 52 167 628 659 711 748 816 852
36 37 50 45 55 65 72 24 30 8 66 69 68
33 33 27 34 29 32 55 183 177 153 320 585 583
Total Liabilities 143 144 154 160 170 163 315 867 899 906 1,167 1,503 1,536
82 82 84 79 76 61 72 102 106 249 289 274 263
CWIP 9 10 9 9 9 11 6 0 0 0 1 4 14
Investments 6 6 6 6 6 0 0 107 0 32 32 35 42
45 46 55 66 79 91 237 658 793 624 844 1,190 1,217
Total Assets 143 144 154 160 170 163 315 867 899 906 1,167 1,503 1,536

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
19 -3 -4 3 -14 -9 -107 -201 -186 240 120 2
-25 2 0 5 5 -6 -19 -236 166 -209 -162 13
9 -1 5 -5 10 15 126 458 0 -22 49 -28
Net Cash Flow 3 -2 1 3 0 0 0 20 -19 9 7 -13

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 117 96 119 137 175 126 199 233 331 343 229 202
Inventory Days 125 137 123 106 107 128 209 173 102 127 51 59
Days Payable 128 111 100 120 101 72 90 183 134 211 209 182
Cash Conversion Cycle 115 122 142 122 181 183 317 223 299 259 70 79
Working Capital Days 116 115 126 111 181 122 340 436 503 430 176 137
ROCE % 6% 9% 8% 10% 11% 14% 9% -1% 4% 3% 8% 14%

Shareholding Pattern

Numbers in percentages

12 Recently
Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
55.67% 55.61% 51.74% 51.62% 50.02% 50.02% 50.02% 50.02% 50.02% 50.02% 50.02% 50.02%
3.01% 3.13% 8.65% 9.13% 8.75% 9.02% 10.41% 9.44% 9.03% 8.55% 8.01% 7.78%
0.04% 0.80% 0.08% 0.03% 0.04% 0.03% 0.04% 0.09% 0.11% 0.11% 0.14% 0.15%
41.28% 40.46% 39.53% 39.22% 41.20% 40.93% 39.54% 40.45% 40.85% 41.33% 41.84% 42.04%
No. of Shareholders 42,20446,26459,58394,0181,18,7171,29,4481,32,5671,43,7071,60,7961,98,0353,42,9553,59,083

* 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