Olectra Greentech Ltd

₹ 499 0.73%
05 Dec - close price
About

Olectra Greentech Limited was incorporated in 1992. 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 4,093 Cr.
  • Current Price 499
  • High / Low 941 / 457
  • Stock P/E 75.2
  • Book Value 97.3
  • Dividend Yield 0.08 %
  • ROCE 8.05 %
  • ROE 4.87 %
  • Face Value 4.00

Pros

  • Company is expected to give good quarter
  • Company has delivered good profit growth of 34.4% CAGR over last 5 years

Cons

  • Stock is trading at 5.13 times its book value
  • Company has a low return on equity of 1.97% over last 3 years.
  • Company has high debtors of 225 days.
  • Promoter holding has decreased over last 3 years: -10.8%

* 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

Consolidated Figures in Rs. Crores / View Standalone

Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022
44.69 47.21 70.44 22.14 50.24 61.11 147.88 42.27 71.43 208.26 271.30 281.07 177.35
45.03 45.09 72.10 28.57 47.31 54.94 130.38 33.43 56.29 179.66 239.25 244.94 157.35
Operating Profit -0.34 2.12 -1.66 -6.43 2.93 6.17 17.50 8.84 15.14 28.60 32.05 36.13 20.00
OPM % -0.76% 4.49% -2.36% -29.04% 5.83% 10.10% 11.83% 20.91% 21.20% 13.73% 11.81% 12.85% 11.28%
5.96 5.19 24.97 3.85 3.04 2.63 2.00 1.68 -1.02 1.71 3.89 2.77 6.25
Interest 3.63 3.67 2.77 1.84 2.10 1.88 1.67 1.60 1.30 2.15 4.22 8.41 7.15
Depreciation 4.84 5.64 3.24 3.01 3.02 2.78 4.51 7.15 7.14 7.45 7.57 7.60 8.08
Profit before tax -2.85 -2.00 17.30 -7.43 0.85 4.14 13.32 1.77 5.68 20.71 24.15 22.89 11.02
Tax % -15.44% -33.00% -0.52% 31.63% 40.00% 27.78% 27.48% 25.99% 36.62% 38.97% 26.29% 27.13% 32.76%
Net Profit -3.30 -2.65 17.39 -5.08 0.51 2.99 9.66 1.32 3.60 12.64 17.79 16.68 7.42
EPS in Rs -0.40 -0.32 2.12 -0.62 0.06 0.36 1.18 0.16 0.44 1.54 2.16 2.03 0.92
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 TTM
68 60 70 80 92 93 105 161 170 201 281 593 938
58 51 59 69 75 75 85 148 185 195 261 509 821
Operating Profit 10 9 11 11 17 18 20 14 -15 5 20 85 117
OPM % 15% 15% 15% 14% 18% 20% 19% 9% -9% 3% 7% 14% 12%
1 1 1 0 1 1 1 7 15 44 11 6 15
Interest 4 5 6 6 6 6 6 6 15 14 8 9 22
Depreciation 3 3 2 2 6 5 2 3 7 18 13 29 31
Profit before tax 5 2 3 3 6 8 13 12 -22 17 11 52 79
Tax % 32% 20% 34% 31% 23% 29% 36% 25% 28% 22% 26% 32%
Net Profit 3 2 2 2 5 6 8 9 -16 14 8 35 55
EPS in Rs 0.90 0.53 0.56 0.59 1.37 1.61 2.33 1.77 -1.99 1.65 0.98 4.31 6.65
Dividend Payout % 22% 38% 0% 0% 0% 0% 0% 0% 0% 0% 0% 9%
Compounded Sales Growth
10 Years: 26%
5 Years: 41%
3 Years: 52%
TTM: 191%
Compounded Profit Growth
10 Years: 35%
5 Years: 34%
3 Years: 62%
TTM: 184%
Stock Price CAGR
10 Years: 44%
5 Years: 22%
3 Years: 44%
1 Year: -37%
Return on Equity
10 Years: 2%
5 Years: 1%
3 Years: 2%
Last Year: 5%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Sep 2022
14 14 14 14 14 14 14 20 32 33 33 33 33
Reserves 85 59 60 62 66 72 52 167 626 660 708 744 765
36 38 39 52 45 55 65 72 24 30 8 67 84
25 35 35 30 38 33 32 55 181 259 185 346 486
Total Liabilities 160 146 148 158 164 174 163 315 863 981 934 1,190 1,368
83 82 82 84 79 76 61 72 173 151 290 325 339
CWIP 20 19 20 19 19 19 11 6 0 0 0 3 44
Investments 0 0 0 0 0 0 0 0 102 0 0 0 0
57 45 46 55 66 79 91 237 589 831 645 862 985
Total Assets 160 146 148 158 164 174 163 315 863 981 934 1,190 1,368

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
12 20 -3 0 5 -14 -9 -107 -130 -219 209 121
-12 -25 2 0 5 5 -6 -19 -307 199 -177 -164
-1 9 -1 0 -6 10 15 126 457 0 -22 50
Net Cash Flow -1 3 -2 0 3 0 0 0 20 -19 10 7

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Debtor Days 189 117 96 119 137 175 126 199 195 658 342 225
Inventory Days 89 125 137 123 106 107 128 209 319 274 127 51
Days Payable 81 147 128 114 142 123 72 90 339 645 284 235
Cash Conversion Cycle 197 95 105 127 101 158 183 317 175 288 185 40
Working Capital Days 179 100 102 115 96 166 122 340 588 906 404 166
ROCE % 6% 8% 8% 10% 11% 14% 9% -2% 2% 2% 8%

Shareholding Pattern

Numbers in percentages

Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022
60.80 61.50 61.50 61.31 59.02 55.67 55.61 51.74 51.62 50.02 50.02 50.02
2.92 3.00 3.00 3.06 3.16 3.01 3.13 8.65 9.13 8.75 9.02 10.41
0.12 0.06 0.04 0.04 0.05 0.04 0.80 0.08 0.03 0.04 0.03 0.04
36.16 35.44 35.46 35.59 37.77 41.28 40.46 39.53 39.22 41.20 40.93 39.54

* The XBRL reporting format changed from Sep'2022 onwards. The new format added details about banks and foreign portfolio investors. These were not available earlier.
The sudden increase in FII or DII might be because of these changes.

Please click on the line-items to see the names of individual entities.

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