OLECTRA

Olectra Greentech Share Price

₹1,643.35
-67.5 (-3.95%)
  • Advice
  • Hold
05 October, 2024 22:00 BSE: 532439 NSE: OLECTRA ISIN: INE260D01016

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Olectra Greentech Performance

Day Range

  • Low 1,631
  • High 1,711
₹ 1,643

52 Week Range

  • Low 1,018
  • High 2,222
₹ 1,643
  • Open Price1,705
  • Previous Close1,711
  • Volume1042681

Olectra Greentech Chart

  • Over 1 Month + 5.31%
  • Over 3 Month -8.82%
  • Over 6 Month -14.42%
  • Over 1 Year + 37.66%

Olectra Greentech Key Statistics

P/E Ratio 162
PEG Ratio 6.9
Market Cap Cr 13,489
Price to Book Ratio 14.7
EPS 9
Dividend 0
Relative Strength Index 49.21
Money Flow Index 78.71
MACD Signal 15.41
Average True Range 59.44

Olectra Greentech Investment Rating

  • Master Rating:
  • Olectra Greentech has an operating revenue of Rs. 1,252.05 Cr. on a trailing 12-month basis. An annual revenue growth of 6% is not great, Pre-tax margin of 8% is okay, ROE of 8% is fair but needs improvement. The company has a reasonable debt to equity of 1%, which signals a healthy balance sheet. The stock from a technical standpoint is trading close to its 200DMA and around 5% above its 50DMA. It needs to stay above the 200DMA levels to make any further meaningful move. It is currently FORMING a base in its weekly chart and is trading around 23% away from the crucial pivot point. From an O'Neil Methodology perspective, the stock has an EPS Rank of 88 which is a GOOD score indicating consistency in earnings, a RS Rating of 42 which is POOR indicating the underperformance as compared to other stocks, Buyer Demand at B+ which is evident from recent demand for the stock, Group Rank of 115 indicates it belongs to a poor industry group of Auto Manufacturers and a Master Score of C is fair but needs to improve. Institutional holding has gone up in the last reported quarter is a positive sign. Overall, the stock is lagging behind in some of the technical parameters, but great earnings make it a stock to examine in more detail.

EPS Strength

Price Strength

Buyer Demand

Group Rank

Olectra Greentech Financials
IndicatorJun 2024Mar 2024Dec 2023Sep 2023Jun 2023Mar 2023
Oper Rev Qtr Cr 304278332298206368
Operating Expenses Qtr Cr 264247285257169320
Operating Profit Qtr Cr 413147413748
Depreciation Qtr Cr 777777
Interest Qtr Cr 91313978
Tax Qtr Cr 748767
Net Profit Qtr Cr 211222211928
IndicatorMar 2024Mar 2023
Total Revenue Annual Cr 1,1261,146
Operating Expenses Annual Cr 958997
Operating Profit Annual in Cr 156137
Depreciation Cr 2726
Interest Annual Cr 4231
Tax Annual Cr 2520
Net Profit Annual Cr 7471
IndicatorMar 2024Mar 2023
Cash from Operating Activity Annual Cr 1272
Cash from Investing Activity Annual Cr -7613
Cash from Financing Annual Activity Cr -53-28
Net Cash Flow Annual Cr -2-13
IndicatorMar 2024Mar 2023
Total ShareHolders Funds Annual Cr 919849
Fixed Assets Annual Cr 327278
Total Non Current Assets Annual Cr 396368
Total Current Assets Annual Cr 1,1331,134
Total Assets Annual Cr 1,5281,503
IndicatorMar 2024Mar 2023
Book Value Per Share Annual Rs 112103
ROE Annual % 88
ROCE Annual % 1514
Total Debt to Total Equity Annual --
EBDIT Annual Margin % 1513
IndicatorJun 2024Mar 2024Dec 2023Sep 2023Jun 2023Mar 2023
Oper Rev Qtr Cr 314289342307216376
Operating Expenses Qtr Cr 270254293267174326
Operating Profit Qtr Cr 443449414250
Depreciation Qtr Cr 9109999
Interest Qtr Cr 1013131078
Tax Qtr Cr 857878
Net Profit Qtr Cr 241427191827
IndicatorMar 2024Mar 2023
Total Revenue Annual Cr 1,1661,101
Operating Expenses Annual Cr 988949
Operating Profit Annual in Cr 166141
Depreciation Cr 3733
Interest Annual Cr 4331
Tax Annual Cr 2723
Net Profit Annual Cr 7766
IndicatorMar 2024Mar 2023
Cash from Operating Activity Annual Cr 143-10
Cash from Investing Activity Annual Cr -86-38
Cash from Financing Annual Activity Cr -5635
Net Cash Flow Annual Cr 1-13
IndicatorMar 2024Mar 2023
Total ShareHolders Funds Annual Cr 913840
Fixed Assets Annual Cr 402360
Total Non Current Assets Annual Cr 436410
Total Current Assets Annual Cr 1,1531,146
Total Assets Annual Cr 1,5891,557
IndicatorMar 2024Mar 2023
Book Value Per Share Annual Rs 112102
ROE Annual % 88
ROCE Annual % 1413
Total Debt to Total Equity Annual --
EBDIT Annual Margin % 1514

Olectra Greentech Technicals

EMA & SMA

Current Price
₹1,643.35
-67.5 (-3.95%)
pointer
  • Bullish Moving Average
  • ___
  • 3
  • Bearish Moving Average
  • ___
  • 13
  • 20 Day
  • ₹1,655.44
  • 50 Day
  • ₹1,653.75
  • 100 Day
  • ₹1,670.83
  • 200 Day
  • ₹1,610.10
  • 20 Day
  • ₹1,646.11
  • 50 Day
  • ₹1,625.14
  • 100 Day
  • ₹1,697.68
  • 200 Day
  • ₹1,715.36

Olectra Greentech Resistance and Support

PIVOT
₹1,661.8
Resistance
First Resistance 1,692.15
Second Resistance 1,740.95
Third Resistance 1,771.30
RSI 49.21
MFI 78.71
MACD Single Line 15.41
MACD 18.90
Support
First Support 1,613.00
Second Support 1,582.65
Third Supoort 1,533.85

Olectra Greentech Delivery and Volume

Period NSE + BSE Volume Avg NSE + BSE Delivery Volume Avg NSE + BSE Delivery Volume %
Day 1,143,768 41,392,964 36.19
Week 1,425,463 52,485,538 36.82
1 Month 1,040,355 32,594,328 31.33
6 Month 975,901 30,545,691 31.3

Olectra Greentech Result Highlights

Olectra Greentech Synopsis

NSE-Auto Manufacturers

Olectra Greentech is involved in the business activities of Manufacture of motor vehicles. Company’s Total Operating Revenue is Rs. 1113.97 Cr. and Equity Capital is Rs. 32.83 Cr. for the Year ended 31/03/2024. Olectra Greentech Ltd. is a Public Limited Listed company incorporated on 11/10/2000 and has its registered office in the State of Telangana, India. Company’s Corporate Identification Number(CIN) is L34100TG2000PLC035451 and registration number is 035451.
Market Cap 13,489
Sales 1,212
Shares in Float 4.10
No of funds 103
Yield 0.02
Book Value 14.68
U/D Vol ratio 1.8
LTDebt / Equity 1
Alpha -0.01
Beta 1.35

Olectra Greentech Shareholding Pattern

Owner NameJun-24Mar-24Dec-23Sep-23
Promoters 50.02%50.02%50.02%50.02%
Mutual Funds 0.14%0.11%0.09%0.08%
Insurance Companies 0.01%
Foreign Portfolio Investors 7.61%8.58%7.78%8.01%
Financial Institutions/ Banks 0.04%0.04%0.04%0.04%
Individual Investors 37.8%36.06%36.62%36.3%
Others 4.38%5.19%5.45%5.55%

Olectra Greentech Management

Name Designation
Mr. K V Pradeep Chairman & Managing Director
Mr. Peketi Rajesh Reddy Non Exe.Non Ind.Director
Mr. B Appa Rao Independent Director
Mrs. Chintalapudi Laksmi Kumari Independent Director
Mr. E Pandu Ranga Vittal Independent Director
Justice(Retd) Gyan Sudha Misra Independent Director
Mr. M Gopalakrishna Independent Director
Mr. V Subramaniamsundar Rajan Independent Director

Olectra Greentech Forecast

Price Estimates

2,000(9.8%)
1,758(-3.5%)
1,590(-12.7%)

Other Analyst Rating

Olectra Greentech Corporate Action

Date Purpose Remarks
2024-08-12 Quarterly Results
2024-04-25 Audited Results & Final Dividend
2024-01-27 Quarterly Results
2023-11-04 Quarterly Results
2023-08-07 Quarterly Results
Date Purpose Remarks
2023-09-21 FINAL Rs.0.40 per share(10%)Final Dividend

About Olectra Greentech

Established in 2000, Olectra Greentech Limited is a leading manufacturer of electric buses in India. Driven by a commitment to providing eco-friendly and sustainable public transportation solutions, they offer a range of electric bus models catering to various city and intercity requirements. Olectra focuses on designing, manufacturing, and supplying electric buses equipped with advanced battery technology and fast charging capabilities.

Olectra's contribution has been instrumental in reducing emissions and improving air quality in Indian cities. They have emerged as a major player in India's electric bus market, with a significant presence in several cities across the country.

Their electric buses are known for their reliability, energy efficiency, and longer operational range compared to traditional diesel buses.

Olectra actively invests in research and development to constantly improve their electric bus technology. This focus on innovation includes developing next-generation battery solutions, optimizing vehicle design for better range and performance, and implementing smart charging infrastructure for efficient fleet management.
 

Olectra Greentech FAQs

What is Share Price of Olectra Greentech ?

Olectra Greentech share price is ₹1,643 As on 05 October, 2024 | 21:46

What is the Market Cap of Olectra Greentech ?

The Market Cap of Olectra Greentech is ₹13488.7 Cr As on 05 October, 2024 | 21:46

What is the P/E ratio of Olectra Greentech ?

The P/E ratio of Olectra Greentech is 162 As on 05 October, 2024 | 21:46

What is the PB ratio of Olectra Greentech ?

The PB ratio of Olectra Greentech is 14.7 As on 05 October, 2024 | 21:46

What is Olectra Greentech Limited's ROE?

Olectra Greentech Limited's current Return on Equity (ROE) is approximately 8.27 %. Remember, ROE is a profitability measure and can fluctuate over time.

What Affects Olectra Greentech Limited's Share Price?

Several factors can influence Olectra Greentech Limited's share price, including:

● Financial performance of the company, including profitability and future prospects.
● Overall health of the sustainable mobility and electric vehicle sectors.
● Government policies and regulations impacting the industry.
● News and ratings related to Olectra Greentech Limited, including analyst opinions and investor sentiment.

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