Olectra Greentech Ltd - Stock Valuation and Financial Performance

BSE: 532439 | NSE: OLECTRA | Automobiles-Trucks/Lcv | Small Cap

Olectra Greentech Share Price

1,827.55 -22.05 -1.19%
as on 12-Apr'24 16:59

DeciZen - make an informed investing decision on Olectra Greentech

Overall Rating
Bole Toh

1. Quality

2. Valuation

Overvalued

3. Price Trend

Semi Strong

Olectra Greentech stock performance -

mw4me loader
P/E Ratio (CD):
166.44
Market Cap:
15,000.7 Cr.
52-wk low:
619.6
52-wk high:
2,222

Is Olectra Greentech Ltd an attractive stock to invest in?

1. Is Olectra Greentech Ltd a good quality company?

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

2. Is Olectra Greentech Ltd undervalued or overvalued?

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

3. Is Olectra Greentech Ltd a good buy now?

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

10 Year X-Ray of Olectra Greentech:

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

Value Creation Index Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % 5.6%7.6%8.1%9.3%6.3%-1.1%1.3%1.7%5.4%9.6%-
Value Creation
Index
-0.6-0.5-0.4-0.3-0.6-1.1-0.9-0.9-0.6-0.3-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 80.392.2931051611702012815931,0911,241
Sales YoY Gr.-14.7%0.9%12.8%54%5.3%17.9%40.3%110.8%83.9%-
Adj EPS 0.71.41.82.31.7-2-00.94.47.911
YoY Gr.-109%25%33.1%-29.2%-220.6%NANA377.4%78.8%-
BVPS (₹) 21.122.323.918.437.482.984.490.294.7102.3109
Adj Net
Profit
2.45.16.38.48.3-15.8-0.47.636.565.190
Cash Flow from Ops. 00-14.1-8.7-107-130-219209121-10.3-
Debt/CF from Ops. -1158802.8876279.1-3.5-7.5-0.7-0.2-0.100.6-13-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 33.6%46.5%75.9%83.9%
Adj EPS 31.6%36.9%NA78.8%
BVPS19.2%22.3%6.6%8%
Share Price 71.6% 50.7% 109.7% 184.9%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
3.26.57.611.16.3-3.5-0.114.88.110.4
Op. Profit
Mgn %
13.718.119.819.28.6-8.92.57.214.312.214.6
Net Profit
Mgn %
35.56.885.1-9.3-0.22.76.26.17.3
Debt to
Equity
0.60.50.610.40000.10.2-
Working Cap
Days
1891942282323196751,038824372283155
Cash Conv.
Cycle
7983103123182231303272896566

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 10.40%

Sales growth is growing at healthy rate in last 3 years 75.87%

Sales growth is good in last 4 quarters at 30.51%

Net Profit has been subdued in last 3 years 0.00%

Latest Financials - Olectra Greentech Ltd.

Standalone Consolidated
TTM EPS (₹) 10.9 11
TTM Sales (₹ Cr.) 1,204 1,241
BVPS (₹.) 110.5 109
Reserves (₹ Cr.) 874 862
P/BV 16.53 16.76
PE 167.10 166.44
From the Market
52 Week Low / High (₹) 619.60 / 2222.00
All Time Low / High (₹) 3.10 / 2222.00
Market Cap (₹ Cr.) 15,001
Equity (₹ Cr.) 32.8
Face Value (₹) 4
Industry PE 36.5

Management X-Ray of Olectra Greentech:

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 (%)

Event Update

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Analyst's Notes

Key Ratios of Olectra Greentech

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Sales8092931051611702012815931,091
Operating Expenses 69757585148185195261509958
Manufacturing Costs55455830332440
Material Costs53585766111128108179422819
Employee Cost 68910162632303353
Other Costs 5454162326192946
Operating Profit 1117182014-1552085133
Operating Profit Margin (%) 13.7%18.1%19.8%19.2%8.6%-8.9%2.5%7.2%14.3%12.2%
Other Income 11217152411819
Interest 6666615148931
Depreciation 26523718132933
Exceptional Items 00-1000190-30
Profit Before Tax 3681312-2217115289
Tax 12253-6431723
Profit After Tax 25689-161483567
PAT Margin (%) 2.6%5.3%6.2%8.0%5.5%-9.3%6.7%2.9%6.0%6.1%
Adjusted EPS (₹)0.61.41.62.31.8-2.01.71.04.38.0
Dividend Payout Ratio (%)0%0%0%0%0%0%0%0%9%5%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23

Equity and Liabilities

Shareholders Fund 76808666188658693741777840
Share Capital 14141414203233333333
Reserves 62667252167626660708744807
Minority Interest00000-00-001
Debt44405064712322866129
Long Term Debt191327410334529
Short Term Debt25262260622019414119
Trade Payables1723191327119190139272438
Others Liabilities 212119152553693975149
Total Liabilities 1581641741583118539739271,1901,557

Fixed Assets

Gross Block97991016377185176326389453
Accumulated Depreciation142026261225376497
Net Fixed Assets8479766172173151290325356
CWIP 19191911600034
Investments 000001020002
Inventories1817172363112816259142
Trade Receivables263545368891362264366630
Cash Equivalents 69911221609989199167
Others Assets5591660215281222239256
Total Assets 1581641741583118539739271,1901,557

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 00-14-9-107-130-219209121-10
PBT 0081312-2217115289
Adjustment 00-1777-12103355
Changes in Working Capital -0-0-18-25-120-113-22119038-137
Tax Paid 00-3-4-6-2-2-2-2-18
Cash Flow From Investing Activity 005-6-19-307199-177-164-38
Capex 003-5-9-10112-160-68-65
Net Investments 000-2-11-11843-28-10317
Others 00211-881451179
Cash Flow From Financing Activity 0010151264570-225035
Net Proceeds from Shares 000012452116000
Net Proceeds from Borrowing 001416-6-1148-43
Interest Paid 000-6-6-15-14-8-9-31
Dividend Paid 0000000000
Others 00-5203-42-1-1511109
Net Cash Flow 0000020-19107-13
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)2.836.296.9611.057.01-3.7421.134.668.27
ROCE (%)7.5910.1510.8814.138.97-1.414.222.447.7313.3
Asset Turnover Ratio0.570.620.60.690.70.290.220.30.560.79
PAT to CFO Conversion(x)00-2.33-1.13-11.89N/A-15.6426.133.46-0.15
Working Capital Days
Receivable Days93111142129138192412406194167
Inventory Days7364606496188176933734
Payable Days1121231348966209524336178158

Olectra Greentech Ltd Stock News

Olectra Greentech Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Olectra Greentech on 12-Apr-2024 16:59 is ₹1,827.6.
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 12-Apr-2024 16:59 the market cap of Olectra Greentech stood at ₹15,000.7.
The latest P/E ratio of Olectra Greentech as of 12-Apr-2024 16:59 is 167.1.
The latest P/B ratio of Olectra Greentech as of 12-Apr-2024 16:59 is 16.53.
The 52-week high of Olectra Greentech is ₹2,222 and the 52-week low is ₹619.6.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Olectra Greentech is ₹1,204 ( Cr.) .

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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