Olectra Greentech Ltd
Olectra Greentech Ltd
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BetaAI-extracted from concalls & annual reports · figures as reported, with sources
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38 extracted metrics + investor summaries across FY15–FY26.
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Technical Indicators
Key Insights
Strengths
3- Company is expected to give good quarter
- Company has delivered good profit growth of 85.4% CAGR over last 5 years
- Company's median sales growth is 34.3% of last 10 years
Weaknesses
3- Stock is trading at 8.85 times its book value
- Company has a low return on equity of 13.2% over last 3 years.
- Company has high debtors of 156 days.
Growth Rate
AI Analysis — Bull vs Bear
Olectra Greentech, with a market cap of ₹10,901 Cr, operates in the electric bus manufacturing space and has delivered 85% compounded profit CAGR over 5 years alongside 28% TTM sales growth. However, the stock trades at a PE of 60.7x and 8.88x book value with high debtor days of 156, reflecting elevated valuations relative to current return ratios.
- Exceptional 5-year compounded profit growth of 85% CAGR demonstrates strong earnings momentum in the EV bus segment
- Consistent revenue expansion with 28% compounded sales growth over 3 years and 52% over 5 years indicates sustained demand
- 10-year stock CAGR of 50% reflects long-term wealth creation track record
- ROE has improved to 16% in the last year from a 3-year average of 13%, showing improving capital efficiency
- TTM profit growth of 27% continues the trend of healthy earnings expansion
- Median sales growth of 34.3% over the last 10 years highlights structural growth in core business
- Company is expected to deliver a good upcoming quarter based on operational indicators
- 10-year compounded sales growth of 38% demonstrates the company's ability to scale revenue over extended periods
- PE ratio of 60.7x is significantly elevated, leaving limited margin of safety if growth slows
- Price-to-book of 8.88x is expensive and indicates the stock prices in substantial future growth already
- High debtor days of 156 signals working capital stress and potential cash flow challenges from delayed collections
- 3-year ROE of only 13.2% is modest relative to the premium valuation multiples the stock commands
- 1-year stock return of -6% indicates recent price weakness despite continued profit growth
- Dividend yield of just 0.03% offers virtually no income cushion for investors during periods of price decline
- 5-year ROE average of 11% suggests the company has historically struggled to generate strong returns on shareholder equity
- 3-year stock CAGR of only 5% versus 3-year profit CAGR of 39% suggests valuation multiple compression has already begun
This is AI-generated analysis, not financial advice. Do your own due diligence.
AI News Digest
- Impleaded in Telangana land PIL Jul 17
Olectra Greentech named as respondent in a PIL before the Telangana High Court challenging land acquisition by TGIIC, involving 150 acres allotted to the company.
TL;DR: Limited news flow for Olectra this period. The company has been drawn into a PIL challenging land acquisition in Telangana, but it is not the primary target of the litigation. No direct operational or financial impact is evident yet, though the 150-acre allotment could face delays if the court rules adversely.
Quarterly Results
| Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 216 | 307 | 342 | 289 | 314 | 524 | 515 | 449 | 347 | 657 | 664 | 645 | 576 |
| Expenses | 176 | 267 | 293 | 254 | 270 | 442 | 436 | 395 | 299 | 568 | 570 | 545 | 507 |
| Operating Profit | 40 | 41 | 49 | 34 | 44 | 81 | 79 | 54 | 48 | 89 | 93 | 100 | 68 |
| OPM % | 19% | 13% | 14% | 12% | 14% | 16% | 15% | 12% | 14% | 14% | 14% | 15% | 12% |
| Other Income | 1 | 5 | 7 | 8 | 7 | 4 | 3 | 5 | 8 | 4 | 4 | 7 | 5 |
| Interest | 7 | 10 | 13 | 13 | 10 | 11 | 11 | 20 | 12 | 14 | 20 | 15 | 24 |
| Depreciation | 9 | 9 | 9 | 10 | 9 | 10 | 9 | 10 | 10 | 11 | 13 | 11 | 15 |
| PBT | 25 | 27 | 34 | 20 | 32 | 65 | 62 | 29 | 34 | 68 | 64 | 80 | 35 |
| Tax % | 28% | 30% | 20% | 26% | 24% | 26% | 25% | 29% | 23% | 28% | 27% | 28% | 23% |
| Net Profit | 18 | 19 | 27 | 15 | 24 | 48 | 47 | 21 | 26 | 49 | 47 | 57 | 27 |
| EPS in Rs | 2.2 | 2.2 | 3.29 | 1.67 | 2.92 | 5.79 | 5.64 | 2.56 | 3.17 | 6.04 | 5.65 | 6.76 | 3.16 |
Profit & Loss
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 92 | 93 | 105 | 161 | 170 | 201 | 281 | 593 | 1,091 | 1,154 | 1,802 | 2,312 | 2,540 |
| Expenses | 75 | 75 | 85 | 148 | 185 | 195 | 261 | 509 | 949 | 988 | 1,540 | 1,982 | 2,191 |
| Operating Profit | 17 | 18 | 20 | 14 | -15 | 5 | 20 | 85 | 141 | 166 | 262 | 330 | 350 |
| OPM % | 18% | 20% | 19% | 9% | -9% | 2.5% | 7% | 14% | 13% | 14% | 15% | 14% | 14% |
| Other Income | 1 | 1 | 1 | 7 | 15 | 44 | 11 | 6 | 13 | 20 | 14 | 22 | 19 |
| Interest | 6 | 6 | 6 | 6 | 15 | 14 | 8 | 9 | 31 | 43 | 51 | 61 | 73 |
| Depreciation | 6 | 5 | 2 | 3 | 7 | 18 | 13 | 29 | 33 | 37 | 37 | 45 | 49 |
| PBT | 6 | 8 | 13 | 12 | -22 | 17 | 11 | 52 | 89 | 106 | 188 | 246 | 247 |
| Tax % | 23% | 29% | 36% | 25% | -28% | 22% | 26% | 32% | 25% | 26% | 26% | 27% | — |
| Net Profit | 5 | 6 | 8 | 9 | -16 | 14 | 8 | 35 | 67 | 79 | 139 | 180 | 180 |
| EPS in Rs | 1.37 | 1.61 | 2.33 | 1.77 | -1.99 | 1.65 | 0.98 | 4.31 | 7.99 | 9.36 | 16.92 | 21.62 | 21.61 |
| Div. Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 9% | 5% | 4% | 2% | 3% | — |
Balance Sheet
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 14 | 14 | 14 | 20 | 32 | 33 | 33 | 33 | 33 | 33 | 33 | 33 |
| Reserves | 66 | 72 | 52 | 178 | 671 | 700 | 708 | 744 | 807 | 881 | 1,016 | 1,195 |
| Borrowings | 45 | 55 | 65 | 72 | 24 | 30 | 8 | 67 | 134 | 121 | 255 | 380 |
| Other Liabilities | 38 | 33 | 32 | 45 | 136 | 219 | 185 | 346 | 583 | 554 | 867 | 959 |
| Total Liabilities | 164 | 174 | 163 | 315 | 863 | 981 | 934 | 1,190 | 1,557 | 1,589 | 2,171 | 2,567 |
| Fixed Assets | 79 | 76 | 61 | 72 | 173 | 151 | 290 | 325 | 356 | 330 | 355 | 574 |
| CWIP | 19 | 19 | 11 | 6 | 0 | 0 | 0 | 3 | 4 | 72 | 187 | 82 |
| Investments | 0 | 0 | 0 | 0 | 102 | 0 | 0 | 0 | 2 | 11 | 73 | 94 |
| Other Assets | 66 | 79 | 91 | 237 | 589 | 831 | 645 | 862 | 1,195 | 1,175 | 1,557 | 1,817 |
| Total Assets | 164 | 174 | 163 | 315 | 863 | 981 | 934 | 1,190 | 1,557 | 1,589 | 2,171 | 2,567 |
Cash Flow
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating | 5 | -14 | -9 | -107 | -130 | -219 | 209 | 121 | -10 | 143 | 141 | 104 |
| Investing | 5 | 5 | -6 | -19 | -307 | 199 | -177 | -164 | -38 | -86 | -225 | -167 |
| Financing | -6 | 10 | 15 | 126 | 457 | 0 | -22 | 50 | 35 | -56 | 83 | 67 |
| Net Cash Flow | 3 | 0 | 0 | 0 | 20 | -19 | 10 | 7 | -13 | 1 | -1 | 4 |
| Free Cash Flow | 8 | -11 | -14 | -116 | -231 | -206 | 49 | 54 | -75 | 64 | -36 | -55 |
| CFO/OP | 32 | -62 | -23 | -724 | 843 | -4,288 | 1,043 | 146 | 6 | 103 | 59 | 46 |
Ratios
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 137 | 175 | 126 | 199 | 195 | 658 | 342 | 225 | 211 | 162 | 140 | 156 |
| Inventory Days | 106 | 107 | 128 | 209 | 319 | 274 | 127 | 51 | 63 | 96 | 79 | 51 |
| Days Payable | 142 | 123 | 72 | 90 | 339 | 645 | 284 | 235 | 195 | 172 | 181 | 153 |
| Cash Conversion Cycle | 101 | 158 | 183 | 317 | 175 | 288 | 185 | 40 | 79 | 86 | 38 | 54 |
| Working Capital Days | -9 | 79 | -86 | 198 | 544 | 871 | 399 | 157 | 105 | 115 | 85 | 73 |
| ROCE % | 10% | 11% | 14% | 9% | -1% | 2% | 2% | 8% | 13% | 15% | 21% | 21% |
Documents
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Company Information
Olectra Greentech Limited was incorporated in 2000 . The Company is primarily engaged in the manufacturing of composite polymer insulators and electrical buses. Its registered office is in Hyderabad. [1] [2]