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Olectra Greentech Ltd (OLECTRA)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 532439 NSE: OLECTRA Automobiles-Trucks/Lcv | Small Cap | Olectra Greentech Share Price

₹1,240.50 -7.40 (-0.59%)

As on 02-Sep'26 16:59

Olectra Greentech Ltd (OLECTRA)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 532439 NSE: OLECTRA Automobiles-Trucks/Lcv | Small Cap | Olectra Greentech Share Price

₹1,240.50 -7.40 (-0.59%)

As on 02-Sep'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹10,243 Cr.
Current Price
₹1,240.5
52-Week Low / High
₹868 / 1,713
TTM EPS
₹21.6
TTM Sales
₹2,540 Cr.
Book Value per Share
₹152.5
P/E Ratio
57.73
Lower than its 5-year historical median
Industry PE
36.2
Price to Book (P/B)
8.18
Lower than its 5-year historical median
Price to Sales (P/S)
4.03
Lower than its 5-year historical median
EV/EBITDA
28.92
Lower than its 5-year historical median
Dividend Yield
0.03%
Profitability Efficiency
Return on Equity (ROE)
15.77%
Outperforms industry median
Return on Capital Employed (ROCE)
21.12%
Outperforms industry median
Return on Assets (ROA)
7.58%
Operating Profit Margin
14.6%
Net Profit Margin
7.76%
Gross Profit Margin
12.2%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Improving versus 3-year growth rate
56.12%
Operating Profit Growth (1 Year)
Slowing versus 3-year growth rate
26.58%
Net Profit Growth (1 Year)
Slowing versus 3-year growth rate
28.96%
Asset Quality
Promoter Holding
50.02%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹1,219 Cr.
Equity
₹32.8 Cr.
Face Value
₹4
All Time Low / High
₹3.10 / 2222.00

Olectra Greentech stock performance

Key Ratios
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Check Before You Invest

Valuation

Fair

Price Trend

Weak
Q.1 Is Olectra Greentech Ltd a good quality company?
Olectra Greentech Ltd is a weak quality company, based on a inconsistent multi-year financial track record.

This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.

We have analysed the performance of the company on the following:

  • How has it performed on generating Profits?

    By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.

  • How efficiently has it utilized Capital?

    By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.

  • How is it managing its Debt?

    By checking its Debt to Equity and Cash Flow from Operations.

How does Olectra Greentech Ltd performance compare with that of its Peers?
Q.1 Revenue growth of Olectra Greentech Ltd vs industry peers?
Olectra Greentech Ltd revenue CAGR is 55.14%, compared to the industry median CAGR of 36.86%, indicating faster growth and gaining its market share.
Q.1 Promoter shareholding and pledge status of Olectra Greentech Ltd?
Promoters hold 50.02% of the Olectra Greentech Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Stock return of Olectra Greentech Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of 49.7% based on the current price.

10 Year X-Ray :

Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Olectra Greentech Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
ROCE % 10.9%14.1%9%-1.4%4.2%2.4%7.7%13.3%14.8%20.5%-
Value Creation
Index
-0.20.0-0.4-1.1-0.7-0.8-0.4-0.10.10.5-

Growth Parameters

Sales 931051611702012815931,0911,1541,8022,540
Sales YoY Gr.-12.8%54%5.3%17.9%40.3%110.8%83.9%5.8%56.1%-
Adj EPS 1.82.31.7-2-00.94.47.99.117.121.6
YoY Gr.-33.1%-29.2%-220.6%NANA377.4%78.8%14.9%87.6%-
BVPS (₹) 23.918.437.482.984.490.294.7102.3111.3127.8152.5
Adj Net
Profit
6.38.48.3-15.8-0.47.636.565.174.9140177
Cash Flow from Ops. -14.1-8.7-107-130-219209121-10.3143141-
Debt/CF from Ops. -3.5-7.5-0.7-0.2-0.100.6-130.81.8-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales 39%55.1%44.8%56.1%
Adj EPS 28.8%NA56.8%87.6%
BVPS20.5%8.7%10.5%14.9%
Share Price 49.8% 31.8% 0.1% -21.1%

Key Financial Parameters

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity %
7.611.16.3-3.5-0.114.88.18.514.315.4
Op. Profit
Mgn %
19.819.28.6-8.92.57.214.312.214.114.613.8
Net Profit
Mgn %
6.885.1-9.3-0.22.76.26.16.67.87
Debt to
Equity
0.610.40000.10.20.10.2-
Working Cap
Days
2282323196751,038824372283321242114
Cash Conv.
Cycle
1031231822313032728965875142

Valuation of Olectra Greentech - Consolidated

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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Analyst's Notes

data not found
No data found!

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Financials

PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Sales1051611702012815931,0911,1541,8022,312
Operating Expenses + 851481851952615099589911,5411,982
Manufacturing Costs55830332440586571
Material Costs661111281081794228198241,3411,755
Employee Cost 10162632303353699399
Other Costs 4162326192946394358
Operating Profit 2014-1552085133163261330
Operating Profit Margin (%) 19.2%8.6%-8.9%2.5%7.2%14.3%12.2%14.1%14.5%14.3%
Other Income + 17152411819141214
Exceptional Items 000190-30000
Interest 6615148931435161
Depreciation 23718132933373745
Profit Before Tax 1312-2217115289106188246
Tax 53-6431723274967
Profit After Tax 89-16148356779139180
PAT Margin (%) 8.0%5.5%-9.3%6.8%2.9%6.0%6.1%6.8%7.7%7.8%
Adjusted EPS (₹)2.31.8-2.01.71.04.38.09.416.921.6
Dividend Payout Ratio (%)0%0%0%0%0%9.30%5%4.30%2.40%2.80%
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26

Equity and Liabilities

Shareholders Fund + 661886586937417778409131,0491,228
Share Capital 14203233333333333333
Reserves 521676266607087448078811,0161,195
Debt +64712322866129121251337
Long Term Debt4103345299142170
Short Term Debt60622019414119112109167
Minority Interest00-00-001335
Trade Payables1327119190139272438389655735
Others Liabilities 152553693975149162213262
Total Liabilities 1583118539739271,1901,5571,5892,1712,567

Fixed Assets

Net Fixed Assets +6172173151290325356330355574
Gross Block6377185176326389453464517781
Accumulated Depreciation261225376497134162207
CWIP 116000347218782
Investments 001020002117394
Inventories2363112816259142216290247
Trade Receivables368891362264366630513694987
Cash Equivalents 11221609989199167175170172
Others Assets 1660215281222239256271403411
Total Assets 1583118539739271,1901,5571,5892,1712,567
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Cash Flow From Operating Activity + -9-107-130-219209121-10143141104
PBT 1312-2217115289106188246
Adjustment 777-12103355717896
Changes in Working Capital -25-120-113-22119038-137-6-110-191
Tax Paid -4-6-2-2-2-2-18-28-15-47
Cash Flow From Investing Activity + -6-19-307199-177-164-38-86-225-167
Capex -5-9-10112-160-68-65-79-177-159
Net Investments -2-11-11843-28-10317-16-58-19
Others 11-88145117991111
Cash Flow From Financing Activity + 151264570-225035-568367
Net Proceeds from Shares 012452116000000
Net Proceeds from Borrowing 16-6-1148-43-013371
Interest Paid -6-6-15-14-8-9-31-43-51-61
Dividend Paid 0000000000
Others 203-42-1-1511109-13258
Net Cash Flow 0020-19107-131-14
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Ratios
ROE (%)11.057.01-3.7421.134.668.278.9714.1915.77
ROCE (%)14.138.97-1.414.222.447.7313.314.8320.4521.12
Asset Turnover Ratio0.690.70.290.220.30.560.790.730.960.98
PAT to CFO Conversion(x)-1.13-11.89N/A-15.6426.133.46-0.151.811.010.58
Working Capital Days
Receivable Days129.20138.10191.80411.80405.60193.60166.70180.90122.20132.70
Inventory Days63.7096.20188.40175.6092.8037.2033.6056.6051.3042.40
Payable Days8966.50208.50524.20335.60177.80158.20183.20142.10144.50

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Olectra Greentech Ltd FAQs

The current trading price of Olectra Greentech on 02-Sep-2026 16:59 is ₹1,240.5.

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 01-Sep-2026 the market cap of Olectra Greentech stood at ₹10,242.9 Cr

The latest P/E ratio of Olectra Greentech as of 01-Sep-2026 is 58.97.

The latest P/B ratio of Olectra Greentech as of 01-Sep-2026 is 8.20.

The 52-week high of Olectra Greentech is ₹1,712.5 and the 52-week low is ₹867.9.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Olectra Greentech is ₹2,503 ( Cr.) .

Past 10 year’s financial track record analysis by Moneyworks4me indicates that Olectra Greentech Ltd is a below average quality company.

The key valuation ratios of Olectra Greentech Ltd's currently when compared to its past seem to suggest it is in the Fair zone.

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Olectra Greentech Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

About Olectra Greentech Ltd

Olectra Greentech Limited (Formerly known as Goldstone Infratech Limited) is a Public Limited Company incorporated in India, having its registered office at Hyderabad, India. It was founded in 1992 in Hyderabad with major interests in Electric Buses, Composite Insulators, Amorphous core-distribution transformers, Data Analysis and IT consulting.

The company name has been changed from Goldstone Teleservices Limited to Goldstone Infratech limited in February 2008. Later on the company changed its name to “Olectra Greentech Limited” from “Goldstone Infratech Limited” effective from July 06, 2018, after obtaining the approval of Shareholders by way of passing of Special Resolution, through postal ballot.

The company is currently traded on the Bombay Stock Exchange (BSE), the National Stock Exchange (NSE). It is an ISO-9001:2008 certified company and its R & D Center is recognized by the Department of Scientific and Industrial Research, Govt. of India.

Business area of the company

The company is primarily engaged in the manufacturing of composite polymer insulators and electrical buses. It is a market leader through creative technologies and commitment to excellence. It is the largest manufacturer and suppliers of Composite Insulators in India. Composite Insulators are well used across the globe as a significant technology breakthrough.

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