Olectra Greentech Limited (OLECTRA) AI Stock Analysis

• Market Cap: ₹124.50B
• Dividend Yield: 0.03%
• Average Volume (3M): 46.60K
• Price to Earnings (P/E): 88.3
• Beta (1Y): 1.63
• Revenue Growth: 34.02%
• EPS Growth: 27.30%
• Country: IN
• Employees: 492
• Sector: Services
• Sector Strength: N/A
• Industry: Auto - Parts
• EPS (TTM): 6.04
• Shares Outstanding: 82,080,734
• 10 Day Avg. Volume: 20,544
• 30 Day Avg. Volume: 46,600
• PEG Ratio: 0.87
• Price to Book (P/B): 9.26
• Price to Sales (P/S): 5.39
• P/FCF Ratio: -267.70
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: Hold
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 58 Neutral
• Price Target: ₹1,381.00 ▲(10.39% Upside)

Olectra Greentech Limited's overall stock score is primarily influenced by its strong financial performance, characterized by robust revenue growth and profitability. However, technical indicators suggest bearish momentum, and the high P/E ratio indicates overvaluation, which tempers the overall score.

Positive Factors

Revenue Growth

Olectra's impressive revenue growth indicates strong market demand and successful product adoption, enhancing its competitive position in the electric mobility sector.

Profitability Metrics

Improving profitability metrics suggest effective cost control and operational efficiency, supporting sustainable long-term financial performance.

Balance Sheet Health

A solid balance sheet with limited reliance on debt enhances financial stability and provides flexibility for future growth investments.

Negative Factors

Cash Flow Variability

Fluctuating free cash flow, due to high capital expenditures, may challenge liquidity management and impact the ability to fund future growth initiatives.

Increased Leverage

Rising leverage could pose financial risks if not managed carefully, potentially affecting the company's ability to withstand economic downturns.

Scaling Challenges

Sustaining high growth rates as the company scales could become difficult, requiring strategic adjustments to maintain momentum and market position.

Olectra Greentech Limited Business Overview & Revenue Model

Company Description

Olectra Greentech Limited (OLECTRA) is an Indian company specializing in the electric vehicle (EV) sector, primarily focused on the manufacturing of electric buses and other electric mobility solutions. The company aims to promote clean and sustainable transportation, catering to both government and private sector clients. OLECTRA also engages in the production of electric charging infrastructure and has expanded its services to include the development of technologies that support the adoption of electric vehicles in India.

How the Company Makes Money

Olectra Greentech Limited generates revenue primarily through the sale of electric buses to state transport undertakings and private operators. The company benefits from government incentives and subsidies aimed at promoting electric mobility, which enhances its competitive pricing. Additionally, OLECTRA earns revenue through the installation and maintenance of electric charging stations, providing a comprehensive ecosystem for electric vehicle users. Strategic partnerships with various government bodies and private enterprises further bolster its market presence and facilitate bulk orders, which are crucial for scaling operations and improving profitability.

Olectra Greentech Limited Financial Statement Overview

Summary

Olectra Greentech Limited exhibits strong financial health with impressive revenue growth and improving profitability metrics. The balance sheet is solid with manageable leverage, but cash flow fluctuations and increased capital expenditures suggest a focus on growth, impacting short-term liquidity.

Income Statement

Olectra Greentech Limited has demonstrated a robust revenue growth trajectory, increasing from INR 2.8 billion in 2021 to INR 18 billion in 2025. This growth is supported by strong gross and net profit margins, which have improved over the years, reflecting efficient cost management and enhanced profitability. The EBIT and EBITDA margins also show positive trends, indicating operational efficiency. However, maintaining these growth rates may present challenges as the company scales.

Balance Sheet

The company's balance sheet shows a solid equity base with a stable debt-to-equity ratio, indicating prudent financial management and limited reliance on debt financing. The return on equity is strong, reflecting effective utilization of shareholder funds to generate profits. However, the equity ratio has slightly declined, suggesting increased leverage over time, which could pose risks if not managed carefully.

Cash Flow

Olectra's cash flow from operations remains positive, but free cash flow has fluctuated, with a negative figure in the latest year due to significant capital expenditures. The operating cash flow to net income ratio is fairly stable, indicating that net income is well-supported by cash operations. The free cash flow to net income ratio shows variability, highlighting potential challenges in converting earnings to cash, which could affect future liquidity.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	18.36B	18.03B	11.54B	10.91B	5.93B	2.81B
Gross Profit	4.76B	4.58B	3.27B	2.69B	1.70B	1.01B
EBITDA	2.66B	2.63B	1.64B	1.39B	803.12M	184.80M
Net Income	1.41B	1.39B	768.33M	655.95M	353.51M	80.75M
Balance Sheet
Total Assets	0.00	21.71B	15.89B	15.57B	11.90B	9.34B
Cash, Cash Equivalents and Short-Term Investments	1.70B	1.70B	68.71M	63.63M	193.01M	124.96M
Total Debt	0.00	2.55B	1.21B	1.34B	671.04M	80.94M
Total Liabilities	-10.53B	11.19B	6.72B	7.16B	4.13B	1.94B
Stockholders Equity	10.53B	10.49B	9.13B	8.40B	7.77B	7.41B
Cash Flow
Free Cash Flow	0.00	-363.05M	639.63M	-747.80M	535.41M	489.20M
Operating Cash Flow	0.00	1.41B	1.43B	-102.73M	1.21B	2.09B
Investing Cash Flow	0.00	-2.25B	-864.87M	-378.33M	-1.64B	-1.77B
Financing Cash Flow	0.00	829.46M	-560.04M	351.68M	497.35M	-216.45M

Olectra Greentech Limited Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 1251.00
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Positive
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:OLECTRA, the sentiment is Negative. The current price of 1251 is below the 20-day moving average (MA) of 1385.05, below the 50-day MA of 1471.03, and below the 200-day MA of 1323.38, indicating a bearish trend. The MACD of -62.77 indicates Positive momentum. The RSI at 23.85 is Positive, neither overbought nor oversold. The STOCH value of 2.67 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:OLECTRA.

Olectra Greentech Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
VRLLOG	73 Outperform	₹47.42B	20.30	―	2.77%	4.74%	176.63%
TCI	70 Outperform	₹90.61B	20.83	―	0.92%	9.97%	16.28%
FORCEMOT	69 Neutral	₹241.15B	28.00	―	0.22%	14.54%	126.08%
IONEXCHANG	60 Neutral	₹58.19B	22.38	―	0.43%	11.56%	-2.78%
OLECTRA	58 Neutral	₹124.50B	88.35	―	0.03%	34.02%	27.30%
Sector *	55 Neutral	$13.29B	17.42	10.03%	0.93%	7.13%	-12.93%
MMTC	43 Neutral	₹100.98B	102.83	―	―	-17.88%	7.14%

Olectra Greentech Limited Corporate Events

Olectra Greentech Releases Q2 Financial Call Transcript

Olectra Greentech Limited announced the availability of the transcript from their recent conference call discussing the unaudited financial results for the second quarter and half-year ended September 30, 2025. This release provides stakeholders with insights into the company’s financial performance and strategic direction, potentially impacting investor confidence and market positioning.

Olectra Greentech Limited Conducts 25th AGM Virtually

Olectra Greentech Limited held its 25th Annual General Meeting on September 27, 2025, through video conferencing, in compliance with various regulatory circulars issued by the Ministry of Corporate Affairs and the Securities and Exchange Board of India. The meeting’s proceedings were conducted in accordance with the relevant provisions of the Companies Act, 2013, and SEBI Listing Regulations, ensuring transparency and adherence to legal requirements.