From Rs 189 to Rs 693: This stock has delivered phenomenal results to its investors!

From Rs 189 to Rs 693: This stock has delivered phenomenal results to its investors!

by 5paisa Research Team Last Updated: 2022-06-09T16:53:30+05:30

This S&P BSE SmallCap company has delivered almost 266% returns in two years.

Olectra Greentech Limited (Olectra) – a subsidiary of MEIL Group is India’s largest Pure Electric Bus manufacturer having manufacturing facilities in Hyderabad, India. Olectra is India’s first-ever electric bus manufacturer having manufactured and deployed all variants of Electric Buses in India. After leading in the commercial run of electric buses, the company is expanding its product line in the e-mobility segment for 3-wheeler electric autos and electric trucks.

Olectra’s vision to support the environment has led to a new phase by developing Innovative solutions for society. As a part of its mission, Olectra embraced its growth path into new-age green technology.

The company is a multibagger as the share price witnessed a remarkable surge from Rs 189.2 on 9th June 2021 to Rs 693 on 9th June 2022.

On 24th May the company received huge orders from Brihanmumbai Electric Supply & Transport (BEST). The order deal was worth Rs 3,675 crore for supplying 2,100 electric buses. For the year ended 31 March 2022, on a consolidated basis, the company has reported sales of Rs 271.30 crore as compared to a revenue of Rs 147.88 crore for the previous year, witnessing a gain of 83.46%. The net profit of the company increased by 77.48% to Rs 17.08 crore for the current year compared to Rs 9.62 crore for the year ended 31 March 2022.

The company is currently trading at a TTM PE of 160.94x, as compared to the industry PE of 83.03x. In FY22, the company delivered an ROE of 4.41% and a ROCE of 7.29%.

The company has a 52-week high of Rs 940.45 and a 52-week low of Rs 172.75.


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