Olectra Greentech Limited (OGL) is an automobile sector company incorporated in 2000 and headquartered in Hyderabad, Telangana. It is an Indian multinational company that manufactures and supplies electric buses and composite polymer insulators.
Products and Services of Olectra Greentech Limited (OGL)
Electric Buses: OGL is the largest manufacturer of electric buses in India including city buses, intercity buses, staff buses, and school buses. The is now expanding its product portfolio into other e-mobility segments, including electric trucks and tippers, aiming to become a major EV player.
Composite Polymer Insulators: OGL is also engaged in the manufacture of composite polymer insulators which are used in power transmission and distribution lines.
Charging Infrastructure: Olectra also provides charging infrastructure solutions for electric vehicles, including AC and DC chargers for cars, buses, and trucks.
Other services: The company also offers services such as maintenance and repair of electric vehicles, and financing solutions for electric vehicles.
Olectra Greentech Company Profile:
| Sector | Automobile |
| Founded: | 2000 (formerly Goldstone Infratech Limited) |
| Headquarters: | Hyderabad, India |
| Industry: | Electric Vehicles (EVs), Power Transmission & Distribution |
| Stock Exchanges: | BSE & NSE |
| Website: | Olectra.com |
Management of Olectra Greentech
Mr. Venkateswara Pradeep Karumuru is the Chairman & Managing Director of the company and has over 24 years of experience in business development, project execution, corporate strategy, aviation, and general management across EPC, insulator, and EV industries.
Mr. M. Gopalakrishna a former Chairman & managing director of BHEL is an Independent director had vast experience in the power sector.
Justice Mrs. Gyan Sudha Misra (Retd.) a former Judge of the High Court of Andhra Pradesh, is a legal adviser of the company.
Fundamentals of Olectra Greentech
| Market Cap | 16,400 Cr. |
| PE | 184 |
| PB | 18.4 |
| Dividend Yield | 0.02% |
| Book Value | 108 |
| Cash | 1076 Cr. |
| Debt | 183 Cr. |
| EPS | 5.85 |
| Sales Growth | 93.77% |
| ROE | 8.68% |
| ROCE | 13.86% |
| Profit Growth | 98.06% |
Fundamental analysis of Olectra Greentech
Olectra Greentech has shown impressive revenue growth, with a CAGR of 56.5% over the last 5 years. This upward trend is expected to continue due to rising EV demand.
Olectra Greentech has a healthy current ratio of 2.34, indicating sufficient short-term assets to cover liabilities.
Olectra Greentech has a moderate Quick ratio of 1.38, which implies adequate resources even excluding inventory.
Olectra Greentech has a low Debt to equity ratio of 0.17, which suggests manageable debt levels and low financial risk.
Olectra Greentech has a low Debt to Asset ratio of 0.11, which confirms the low reliance on debt financing.
Olectra Greentech has a moderate profit margin ratio of 6.4%, indicating decent profitability.
Olectra Greentech has a moderate ROE of 8.68%, reflecting a decent return on shareholder investment.
Olectra Greentech has a growing EPS of 5.85, showing positive earnings growth.
Olectra Greentech has a low Inventory turnover ratio of 1.88, which suggests the potential for improvement in inventory management.
Olectra Greentech has a moderate asset turnover ratio of 0.72, which indicates a decent utilization of assets for generating revenue.
Olectra Greentech has a high PE ratio of 184, which implies a premium valuation compared to the industry average.
Olectra Greentech has a high PB ratio of 18.4, which further reinforces the premium valuation.
Olectra Greentech Dividend History:
The dividend History of Olectra Greentech has started paying dividends in recent years. The company is not paying dividends consistently.
2023: ₹0.4 per share
2022: No dividend paid
2021 and before No dividends were paid
The current dividend yield is also around 0.02%, making them not a suitable option for investors seeking high income from dividends.
Share Holding Pattern of Olectra Greentech
| Category | Percentage Holding |
| Promoters | 50.02% |
| FII/FPI | 7.78% |
| DII | 0.09% |
| Mutual Funds | 0.04% |
| Public | 42.07% |
Promoters: The promoters hold a significant majority stake of 50.02%, indicating control and long-term commitment to the company.
Institutional Investors: The combined holding of FII/FPI, DII, and Mutual Funds is relatively low at 8.15%, suggesting limited institutional participation.
Public Shareholding: The public shareholding in the company is about 42.07%, providing liquidity and broader market participation.
Share Price Targets of Olectra Greentech
The share price targets are based on its recent trends and price action. We are using historical data and AI indicators to predict Olectra Greentech share price targets.
| Year | Minimum | Maximum |
| 2024 | 1821 | 2240 |
| 2025 | 2219 | 2392 |
| 2026 | 2364 | 2560 |
| 2027 | 2509 | 2711 |
| 2028 | 2682 | 2920 |
| 2029 | 2875 | 3208 |
| 2030 | 3161 | 3580 |
Olectra Greentech Share price target 2024
In January 2024, OGL announced that it had received an order for 1,000 electric buses from the Maharashtra State Road Transport Corporation (MSRTC). this boosts the company’s performance so we are expecting Olectra Greentech’s Share price target for 2024 will be a minimum of 1821 and a maximum of 2240.
Olectra Greentech Share price target 2025
The Indian government has set a target of having 5 million electric vehicles on the road by 2030, including 1.5 million electric buses. This is expected to drive significant growth in the electric bus market in India in the coming years. So we are expecting Olectra Greentech’s Share price target for 2025 will be a minimum of 2219 and a maximum of 2392.
Olectra Greentech Share price target 2026
Increasing demand for electric vehicles and govt. Promotion for the use of electric vehicles will boost the company’s performance in the future so we are expecting Olectra Greentech’s Share price target for 2026 will be a minimum of 2364 and a maximum of 2560.
Olectra Greentech Share price target 2027.
The growing demand for electric charger stations will boost the company’s performance in the future. The company also engaged in setting up of electric charger stations. So we are expecting Olectra Greentech’s Share price target for 2027 will be a minimum of 2509 and a maximum of 2711.
Olectra Greentech Share price target 2028
The company has entered new segments like electric trucks, tippers production so this step will change the future of the company we are expecting Olectra Greentech’s Share price target for 2028 will be a minimum of 2682 and a maximum of 2920.
Olectra Greentech Share price target 2029
The global EV market is expected to reach 26 million units sold by 2030, this will increase demand for the company’s products and services in the future so we are expecting Olectra Greentech Share price target for 2029 will be a minimum of 2875 and a maximum of 3208.
Olectra Greentech Share price target 2030
The company is engaged in battery improvement, charging infrastructure expansion, and cost reduction indicating that Olectra Greentech’s Share price target for 2030 will be a minimum of 3161 and maximum will be 3580.
Read more: Fundamentally Strong but Undervalued Stocks
Conclusion:
The company has strong financial performance, experienced management team will indicate the company will grow in the future. The company is the market leader in electric buses and govt also promoting electric vehicles. Overall the company is doing good in its segment. So before investment consider all market conditions and sector tend.
