Olectra Greentech Limited (IN:OLECTRA)
:OLECTRA
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Olectra Greentech Limited
(OLECTRA)
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Rating:65Neutral
Price Target:
₹1,345.00
▲(12.52% Upside)
Action:Reiterated
Date:03/19/26
The score is primarily supported by strong financial performance (rapid revenue growth and improving profitability with manageable leverage), but is held back by weak technical momentum (negative MACD and trading below longer-term moving averages) and a high P/E with minimal dividend support.
Positive Factors
Strong Revenue Growth
A >6x revenue increase over 2021–2025 shows durable demand for Olectra's electric buses and successful contract wins. Sustained top-line expansion implies scale advantages, deeper customer relationships with fleet buyers, and more predictable multi-year order pipelines supporting long-term earnings potential.
Negative Factors
Volatile Free Cash Flow
Heavy capex causing negative free cash flow increases reliance on external funding or working capital facilities. Over time, inconsistent FCF can constrain reinvestment, limit buffer for supplier or warranty obligations, and raise financing costs if additional capital is needed to sustain growth.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong Revenue Growth
A >6x revenue increase over 2021–2025 shows durable demand for Olectra's electric buses and successful contract wins. Sustained top-line expansion implies scale advantages, deeper customer relationships with fleet buyers, and more predictable multi-year order pipelines supporting long-term earnings potential.
Read all positive factors
Olectra Greentech Limited (OLECTRA) vs. iShares MSCI India ETF (INDA)
Market Cap
₹100.15B
Dividend Yield0.03%
Average Volume (3M)46.60K
Price to Earnings (P/E)53.0
Beta (1Y)1.68
Revenue Growth28.91%
EPS Growth8.65%
CountryIN
Employees492
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 Ratio0.87
Price to Book (P/B)9.26
Price to Sales (P/S)5.39
P/FCF Ratio-267.70
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 Limited manufactures and supplies composite polymer insulators in India. The company operates through Composite Polymer Insulators and Electric Buses segments. It manufactures 1200kV, 330-420kV, 220-245kV, 110-132kV, 52-77kV, 33-...
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
85
Very Positive
Balance Sheet
78
Positive
Cash Flow
72
Positive
| Breakdown | TTM | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 19.69B | 18.03B | 11.54B | 10.91B | 5.93B | 2.81B |
| Gross Profit | 4.89B | 4.58B | 3.27B | 2.69B | 1.70B | 1.01B |
| EBITDA | 2.78B | 2.63B | 1.64B | 1.39B | 803.12M | 184.80M |
| Net Income | 1.43B | 1.39B | 768.33M | 655.95M | 353.51M | 80.75M |
Balance Sheet | ||||||
| Total Assets | 23.64B | 21.71B | 15.89B | 15.57B | 11.90B | 9.34B |
| Cash, Cash Equivalents and Short-Term Investments | 1.75B | 1.70B | 68.71M | 63.63M | 193.01M | 124.96M |
| Total Debt | 3.66B | 2.55B | 1.21B | 1.34B | 671.04M | 80.94M |
| Total Liabilities | 12.39B | 11.19B | 6.72B | 7.16B | 4.13B | 1.94B |
| Stockholders Equity | 11.22B | 10.49B | 9.13B | 8.40B | 7.77B | 7.41B |
Cash Flow | ||||||
| Free Cash Flow | -1.19B | -363.05M | 639.63M | -747.80M | 535.41M | 489.20M |
| Operating Cash Flow | -309.70M | 1.41B | 1.43B | -102.73M | 1.21B | 2.09B |
| Investing Cash Flow | -500.92M | -2.25B | -864.87M | -378.33M | -1.64B | -1.77B |
| Financing Cash Flow | 856.16M | 829.46M | -560.04M | 351.68M | 497.35M | -216.45M |
Olectra Greentech Limited Technical Analysis
Neutral
1195.35
Price Trends
1133.15
Positive
1108.97
Positive
1279.00
Negative
Market Momentum
19.68
Positive
48.75
Neutral
18.73
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:OLECTRA, the sentiment is Neutral. The current price of 1195.35 is below the 20-day moving average (MA) of 1255.15, above the 50-day MA of 1133.15, and below the 200-day MA of 1279.00, indicating a neutral trend. The MACD of 19.68 indicates Positive momentum. The RSI at 48.75 is Neutral, neither overbought nor oversold. The STOCH value of 18.73 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral 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 | ₹365.65B | 38.96 | ― | 0.65% | 25.80% | 3.90% | |
66 Neutral | ₹1.40T | 28.71 | ― | 0.47% | 10.95% | -11.38% | |
65 Neutral | ₹100.15B | 53.03 | ― | 0.03% | 28.91% | 8.65% | |
63 Neutral | ₹902.87B | 74.15 | ― | 0.58% | 11.17% | 12.74% | |
61 Neutral | ₹288.57B | 28.65 | ― | 0.54% | 4.39% | 7.42% | |
57 Neutral | ₹152.27B | 55.68 | ― | 0.15% | 11.26% | 8.37% | |
55 Neutral | $13.29B | 17.42 | 10.03% | 0.93% | 7.13% | -12.93% |
* Services Sector Average
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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.