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Olectra Greentech Limited
(OLECTRA)
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Rating:54Neutral
Price Target:
₹1,530.00
▲(28.00% Upside)
Action:Reiterated
Date:05/31/26
The score is held back primarily by weak FY2026 cash generation (deeply negative free cash flow) and margin compression, despite strong revenue re-acceleration and generally manageable leverage. Technicals are mixed with price below key long-term averages, and valuation remains high (P/E ~67.7) with only partial support from the ~3.31% dividend yield.
Positive Factors
Revenue Re-acceleration
A 17.4% revenue rebound signals durable recovery in demand and shipment execution, reflecting the company's ability to win and fulfill fleet tenders. Sustained higher volumes support operating leverage and backlog conversion over the next 2–6 months if tender cadence and deliveries hold.
Negative Factors
Weak Cash Generation
Deeply negative free cash flow and operating cash covering only ~5% of earnings signal that reported profits are not translating into cash. This raises persistent funding and execution risk: working-capital strain or higher cash costs can force additional financing and constrain reinvestment.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Re-acceleration
A 17.4% revenue rebound signals durable recovery in demand and shipment execution, reflecting the company's ability to win and fulfill fleet tenders. Sustained higher volumes support operating leverage and backlog conversion over the next 2–6 months if tender cadence and deliveries hold.
Read all positive factors
Olectra Greentech Limited (OLECTRA) vs. iShares MSCI India ETF (INDA)
Market Cap
₹123.15B
Dividend Yield0.03%
Average Volume (3M)46.60K
Price to Earnings (P/E)69.4
Beta (1Y)1.77
Revenue Growth28.32%
EPS Growth27.77%
CountryIN
Employees801
SectorServices
Sector StrengthN/A
IndustryAuto - Manufacturers
Share Statistics
EPS (TTM)17.41
Shares Outstanding82,080,734
10 Day Avg. Volume20,544
30 Day Avg. Volume46,600
Financial Highlights & Ratios
PEG Ratio1.61
Price to Book (P/B)6.46
Price to Sales (P/S)3.43
P/FCF Ratio-75.20
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)43.3
Revenue Forecast (FY)₹38.20B
Olectra Greentech Limited Business Overview & Revenue Model
Company Description
Olectra Greentech Ltd. is a holding company, which engages in the manufacturing of composite polymer insulators and electrical buses. It operates through the Composite Polymer Insulators Division and Vehicle Division segments. The company was foun...
How the Company Makes Money
Olectra Greentech primarily makes money by (1) selling electric buses to customers (typically government/public transport undertakings and other institutional fleet buyers) under purchase/tender contracts and (2) executing contracts that may bundl...
Olectra Greentech Limited Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
74
Positive
Cash Flow
42
Neutral
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 19.69B | 23.12B | 18.03B | 11.54B | 10.91B | 5.93B |
| Gross Profit | 4.89B | 3.26B | 4.58B | 3.27B | 2.69B | 1.70B |
| EBITDA | 2.78B | 3.52B | 2.63B | 1.64B | 1.39B | 803.12M |
| Net Income | 1.43B | 1.77B | 1.39B | 768.33M | 655.95M | 353.51M |
Balance Sheet | ||||||
| Total Assets | 23.64B | 25.67B | 21.71B | 15.89B | 15.57B | 11.90B |
| Cash, Cash Equivalents and Short-Term Investments | 1.75B | 1.72B | 1.70B | 68.71M | 63.63M | 193.01M |
| Total Debt | 3.66B | 3.80B | 2.55B | 1.21B | 1.34B | 671.04M |
| Total Liabilities | 12.39B | 13.34B | 11.19B | 6.72B | 7.16B | 4.13B |
| Stockholders Equity | 11.22B | 12.28B | 10.49B | 9.13B | 8.40B | 7.77B |
Cash Flow | ||||||
| Free Cash Flow | -1.19B | -1.05B | -363.05M | 639.63M | -747.80M | 535.41M |
| Operating Cash Flow | -309.70M | 536.09M | 1.41B | 1.43B | -102.73M | 1.21B |
| Investing Cash Flow | -500.92M | -1.78B | -2.25B | -864.87M | -378.33M | -1.64B |
| Financing Cash Flow | 856.16M | 1.29B | 829.46M | -560.04M | 351.68M | 497.35M |
Olectra Greentech Limited Technical Analysis
Positive
1195.35
Price Trends
1293.78
Positive
1159.17
Positive
1259.32
Positive
Market Momentum
69.76
Negative
68.58
Neutral
80.91
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:OLECTRA, the sentiment is Positive. The current price of 1195.35 is below the 20-day moving average (MA) of 1371.25, below the 50-day MA of 1293.78, and below the 200-day MA of 1259.32, indicating a bullish trend. The MACD of 69.76 indicates Negative momentum. The RSI at 68.58 is Neutral, neither overbought nor oversold. The STOCH value of 80.91 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:OLECTRA.
Olectra Greentech Limited Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
75 Outperform | ₹385.47B | 60.13 | ― | 0.65% | 25.80% | 3.86% | |
66 Neutral | ₹329.38B | 38.61 | ― | 0.54% | 4.39% | 7.44% | |
66 Neutral | ₹1.56T | 40.58 | ― | 0.47% | 10.95% | -11.38% | |
63 Neutral | ₹1.03T | 94.96 | ― | 0.58% | 11.17% | 12.74% | |
57 Neutral | ₹164.85B | 75.35 | ― | 0.15% | 11.26% | 8.37% | |
55 Neutral | $13.29B | 17.42 | 10.03% | 0.93% | 7.13% | -12.93% | |
54 Neutral | ₹123.15B | 69.36 | ― | 0.03% | 28.32% | 27.77% |
* Services Sector Average
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Olectra Greentech Limited Corporate Events
Olectra Greentech Publishes Transcript of FY 2026 Investor Call
Jun 5, 2026
Olectra Greentech Limited notified the stock exchanges that it has released the official transcript of its investor conference call held on June 1, 2026, which discussed the audited financial results for the year ended March 31, 2026. The company ...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.