1. Olectra Greentech
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Olectra Greentech Share Price

OLECTRA

₹1,768.00-₹28.75 (-1.6%) Past YearLast updated on 23 Apr, 2024 | 03:58 PM IST
₹1,750.25₹1,818.00
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Company overview

About

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Market cap

Market Cap Switch₹14,399 Cr

Open

₹1,807.00

Close

₹1,796.75

Circuit range

₹2,156.10 - ₹1,437.40

Day range

₹1,750.25 - ₹1,818.00

Year range

₹622.25 - ₹2,221.95

Volume

7,95,711

Avg. traded

₹1,782.79

Revenue (12m)

₹1,241 Cr

Olectra Greentech

Olectra Greentech Limited (OGL) is India's leading manufacturer of pure electric buses, with production facilities located in Hyderabad. It is a subsidiary of the MEIL Group. Olectra has produced and deployed all types of electric buses across the country. The company was incorporated in 1992.

The market capitalisation of Olectra Greentech Limited stood at over ₹13,700 crore as of January 16, 2024. Olectra share price has gained more than 1,120% in the last three years.

Business operations

Olectra Greentech Limited is primarily engaged in manufacturing composite polymer insulators and electric buses. Building on its success in the commercial electric bus sector, the company later broadened its product range to include 3-wheeler electric autos and electric trucks within the e-mobility segment.

Olectra Greentech runs its business across various locations. It operates three plants and has one office in India. The company serves the electric vehicle market in nine states within India, while its insulator products are distributed in pan-India. Internationally, it has a presence in one country for e-vehicles and seven countries for insulators.

The manufacturing, operations and annual maintenance of electric buses constitute 87% of Olectra Greentech’s turnover. Secondly, the production of polymer insulators for power distribution contributes around 11% of the turnover.

Olectra caters to diverse customers within both the e-vehicles and composite insulator segments. In the e-vehicles sector, the customer base includes state and central government bodies situated in cities such as Pune, Hyderabad, Mumbai, Ahmedabad, Silvassa, Nagpur, Surat, Tirupati, Cochin, Kullu, Panjim and Dehradun.

In the composite insulator segment, the company’s customers consist of various state and central power generation and distribution corporations, private power generation companies and multinational infrastructure companies. These customers are based not only in India but also in international locations including the United States, Nigeria, Mozambique, Kenya and Zambia.

Olectra Greentech achieved its highest-ever sales with 563 electric buses and 17 electric tippers sold in FY23. A total of 259 electric buses were sold in the previous financial year. It also secured orders for 3,239 electric buses. The company expanded its business segment by introducing the e-tipper division and delivered 17 e-tippers in the last quarter of FY23. In the entire fiscal, 20 electric tippers were ordered.

The company issued a public tender in FY23 to identify a suitable vendor for constructing a greenfield electric vehicle manufacturing facility on 150 acres of land in Seetharampur, Telangana. The land was acquired from the Telangana State Industrial Infrastructure Corporation Limited (TSIIC). The objective is to increase the production capacity to 5,000 buses/trucks with the potential for scalability up to 10,000 units.

Financial highlights

– Olectra Greentech Limited's revenue from operations for FY23 stood at ₹1,090.76 crore, up by 36.4% compared to ₹593.25 crore in FY22. – The net profit after tax for FY23 was ₹66.89 crore compared to ₹35.35 crore during the previous year. – In FY23, the company’s operating profit stood at ₹151.33 crore compared to ₹92.34 crore in FY22. – The company's earnings per share (EPS) stood at ₹7.99 in FY23 compared to ₹4.31 in the previous financial year.

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Olectra Greentech Key indicators

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52 week high

₹2,221.95

52 week low

₹622.25

P/E ratio

163.6

P/B ratio

16.46

ROE

8.68%

ROCE

13.86%

Dividend yield

0.02%

Debt/Equity ratio

0.08

EPS

8.61

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Investment checklist: (4/6)

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Profit factor

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Fundamentals

Financial ratios

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  • Profitability

  • Operational

  • Valuation

Operating profit margin

13.1%

Net profit margin

6.23%

ROE

8.68%

ROA

5.3%

ROCE

13.86%

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Olectra Greentech Shareholder returns

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1 day

+2.42%

1 week

-1.60%

1 month

+0.62%

3 months

+8.52%

1 year

+164.73%

3 years

+849.91%

5 years

+711.72%

Revenue statement

All values are in ₹ Crores (Cr)
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Empty state

No data available at the moment

Cash flow

All values are in ₹ Crores (Cr)
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Balance sheet

All values are in ₹ Crores (Cr)
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Empty state

No data available at the moment

Olectra Greentech Share Price history

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DayOpenCloseDay’s change
Mon, Apr 22 2024
₹1,771.40
₹1,796.75
+1.41%
Fri, Apr 19 2024
₹1,751.95
₹1,754.25
+0.13%
Thu, Apr 18 2024
₹1,776.70
₹1,772.50
-0.24%
Tue, Apr 16 2024
₹1,730.00
₹1,767.90
+2.14%
Mon, Apr 15 2024
₹1,755.00
₹1,739.80
-0.87%
Fri, Apr 12 2024
₹1,842.55
₹1,826.05
-0.90%
Wed, Apr 10 2024
₹1,878.00
₹1,850.50
-1.49%
Tue, Apr 9 2024
₹1,880.00
₹1,868.90
-0.59%

Shareholding info

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Promoters (50.02%)

Mutual Funds (0.11%)

Retail and other (41.23%)

Foreign institutions-FII (8.58%)

Other domestic institutions (0.06%)

Promoters

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Events

Corporate actions

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  • Dividend • ₹0.4/share

    Ex date 21 Sep 2023

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  • Dividend • ₹0.4/share

    Ex date 20 Sep 2022

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