Olectra Greentech Ltd.

NSE: OLECTRA · Passenger Cars & Utility Vehicles

52W Range₹867 ₹1,714

Snapshot

Unlock Olectra Greentech Ltd.'s vital signs

Growth · Profitability · Valuation · Strength · Conviction

Company Overview

Business

Olectra Greentech Limited is a manufacturer specialising in composite polymer insulators for power transmission and distribution, as well as railway infrastructure. The company also operates as a prominent manufacturer of electric buses and provides associated distribution transformers and IT consulting services.

Business Model

The company generates revenue through the manufacturing and sale of high-voltage insulators and electric buses, catering to both public infrastructure projects and private sector requirements. It leverages its technical expertise in polymer materials to serve the power and transportation sectors.

  • Founded:1992

Growth Outlook

Growth is primarily driven by the increasing adoption of electric public transport in India and the ongoing modernisation of the national power grid. The company is well-positioned to benefit from government initiatives promoting green energy and sustainable infrastructure.

Key Risks

  • Regulatory and Policy Risk. The company's growth is heavily dependent on government subsidies and policies favouring electric vehicle adoption and infrastructure spending.
  • Supply Chain Dependency. Reliance on imported components for electric bus manufacturing could expose the company to geopolitical tensions and supply chain disruptions.
  • Intense Competition. The electric bus and insulator markets are becoming increasingly competitive, which may exert pressure on profit margins.
  • Technological Obsolescence. Rapid advancements in battery technology and power transmission materials require continuous R&D investment to maintain market relevance.

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Key Metrics

REVENUE

₹2,540 Cr

TTM · consolidated

+38.4%YoY

NET PROFIT

₹180 Cr

TTM · consolidated

+27.8%YoY

EPS

₹21.61

TTM · consolidated

+25.9%YoY

RETURN ON EQUITY

15.8%

TTM · consolidated

+2.4 ppYoY

RETURN ON CAPITAL EMPLOYED

23.4%

TTM · consolidated

+4.1 ppYoY

P/E

56.9x

Q1 FY27 · consolidated

56.9 vs 155.7x5Y avg

EV/EBITDA

28.9x

Q1 FY27 · consolidated

28.9 vs 66.9x5Y avg

EBITDA MARGIN

14.2%

TTM · consolidated

-1.0 ppYoY

NET PROFIT MARGIN

4.6%

Q1 FY27 · consolidated

-2.9 ppYoY

DEBT TO EQUITY

0.3x

Q1 FY27 · consolidated

+0.07xYoY

Peers · Passenger Cars & Utility Vehicles

CompanyMkt CapP/EEV/EBITDARev Gr YoYEBITDA MgnROEROCE1Y Return
Olectra Greentech Ltd.OLECTRA
₹10,088 Cr56.8728.9438.4%14.2%15.8%23.4%-20.1%
Mahindra & Mahindra Ltd.M&M
₹3.94L Cr19.1712.1226.2%20.3%23.8%18.0%-8.9%
Hyundai Motor India Ltd.HYUNDAI
₹1.79L Cr36.1919.193.6%12.6%27.3%32.4%-11.1%
Tata Motors Passenger Vehicles Ltd.TMPV
₹1.15L Cr-34.017.16-21.7%6.6%69.7%-0.6%
Force Motors Ltd.FORCEMOT
₹22,808 Cr18.4213.728.4%17.4%34.6%38.5%-3.2%
Mercury EV-TechMERCURYEV
₹698 Cr183.7064.9710.8%1.6%2.4%-27.7%

As of Q1 FY27

Financials