Olectra Greentech Share Price Target 2024-2030 Fundamentals & Quarterly Results

Olectra Greentech Share Price Target 2024 2025 2026 2027 2028 2029 2030 Fundamentals & Quarterly Results – Olectra Greentech Limited was established in the year 2000 . The company is mainly involved in manufacturing composite polymer insulators as well as Electric Buses. Its headquarters are in Hyderabad. On India’s streets, Olectra Greentech bus company has driven more than 9 crores kilometers, with over 1000 electric buses.Olectra Greentech Share Price Target

Olectra Greentech Overview

OGL is a public company, traded on both the Bombay and National stock exchanges, it is certified to ISO-9001:2008 as well as maintaining rigorous production levels, with its R&D Centre recognized by Department of Scientific and Industrial Research, Government of India.

Company Name Olectra Greentech
Listed at NSE & BSE
Head Office S-22, 2 & 3rd Floor, Technocrat Industrial Estate, Balanagar, Hyderabad – 500037
Board Of Directors
  • – Mr. Venkateswara Pradeep Karumuru (Chairman & Managing Director)
  • – Mrs. Chintalapudi Lakshmi Kumari (Independent Director)
  • – Mr. M. Gopalakrishna (Independent Director)
  • – Justice Mrs. Gyan Sudha Misra (Retd.) (Independent Director)
  • – Mr. B. Appa Rao (Independent Director)
  • – Mr.Peketi Rajesh Reddy (Non – Executive Director)
Official Website https://olectra.com/

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Olectra Greentech Business Profile

Olectra has produced and deployed all variants of Electric Buses across the India. Following its success in the commercial operation of electric buses, the company is now expanding its product range in the e-mobility sector to include electric trucks and electric tippers.

The company produces air-conditioned electric buses in India with seven metres, nine metres, and twelve metres models. It has its manufacturing units at Hyderabad with a total annual production capacity of 1500 and abasement.

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Olectra Greentech and Reliance company recently unveiled a Hydrogen Bus and it is an alternative which is carbon free as compared to the old buses and is normally used in transporting people from one place to another.

Olectra Greentech Order Book

Market has been informed by Sharat Chandra that, during the financial year 2023-24 (until 31st December2023), OGL delivered 1,564 electric buses and 51 electric tippers. Olectra Greentech’s current orders for electric buses total 8,088.
On the 22 February 2024 Olectra Greentech was awarded a 4000 crore INR contract by Brihan Mumbai Electric Supply & Transport Undertaking (BEST/ Authority) to supply, operate and maintain 2400 electric buses under gross cost contract.

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Insulators

The company makes transmission and distribution composite insulators designed to suit different voltage specifications. Insulators of 25 KV rating provided by “Railways co.’ include Tonne, Bracket Tube and Stay arm.”

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Greenfield Project

The company in Hyderabad has acquired 150 acres of land and is planning to construct a new manufacturing plant. The new plant will initially have the capacity to produce 5,000 units per year but can be increased to 10,000 units per year.

Opportunity in EV Sector

Electric vehicles (EVs) are going to have a high im­pact on the auto industry very soon. India has a massive automotive industry that ranks fifth on a global scale. It is possible that by 2030 it can be the third­ largest. In most countries e-buses have a penetration rate of less than 10% except for China where it is at 26%. India stands at 4% in terms of e-bus penetration, with more than 1176 buses sold.

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The Indian Electric Vehicle (EV) industry is forecasted to grow approximately by 36% rate . India almost 80% satisfied it crude oil needs via imports. By 2030, NITI Aayog targets about 70% commercial cars, 30%private cars, 40% for buses, and 80% for two/three-wheelers to be Ev’d.

For the Fast Adoption and Manufacturing of Hybrid and Electric Vehicles (FAME) mission, the government reserved ₹ 895 crore­s. This investment raised to an impressive ₹ 10,000 crores in FAME-II. Besides, another helping policy of ₹ 105 crores was made available for procuring electric vehicles for public transport under the Smart Cities Mission 2015.”

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Olectra Greentech Fundamentals & Quarterly Results

Market Cap ₹ 13,909 Cr.
Current Price ₹ 1,695
High / Low ₹ 2,222 / 671
Stock P/E 181
Book Value ₹ 111
Dividend Yield 0.02 %
ROCE 14.8 %
ROE 8.76 %
Face Value ₹ 4.00
Debt to Equity 0.13
Debt Capacity 0.02
Debt (preceding year) ₹ 134 Cr.
Debt ₹ 121 Cr.
Reserves ₹ 881 Cr.
EPS ₹ 9.36
EPS (last year) ₹ 9.36
Pledged Percentage 0.00 %
FCF (Prev Ann) ₹ -74.8 Cr.
EV/EBITDA 74.7
Industry PE 30.1
PEG Ratio 3.89
Piotroski Score 9.00
Earnings Yield 1.07 %

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Olectra Greentech Quarterly Results

Quarter/Year Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
Revenue 208 271 281 177 256 376 216 307 342 289
Expenses 180 239 245 157 221 326 176 267 293 254
Operating Profit 29 32 36 20 35 50 40 41 49 34
OPM % 14% 12% 13% 11% 14% 13% 19% 13% 14% 12%
Other Income 2 4 3 6 2 2 1 5 7 8
Interest 2 4 8 7 8 8 7 10 13 13
Depreciation 7 8 8 8 8 9 9 9 9 10
Profit before Tax 21 24 23 11 20 35 25 27 34 20
Tax % 39% 26% 27% 33% 25% 22% 28% 30% 20% 26%
Net Profit 13 18 17 7 15 28 18 19 27 15
EPS in Rs 1.54 2.16 2.03 0.92 1.75 3.29 2.20 2.20 3.29 1.67

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CAGR Report

Metric 10 Years 5 Years 3 Years TTM / 1 Year
Compounded Sales Growth 31% 47% 60% 6%
Compounded Profit Growth 41% 47% 112% 17%
Stock Price CAGR 67% 50% 111% 150%
Return on Equity 4% 5% 7% 9%

Shareholding Pattern

Quarter/Year Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
Shareholding % 50.02% 50.02% 50.02% 50.02% 50.02% 50.02% 50.02%
Institutional Holding % 10.41% 9.44% 9.03% 8.55% 8.01% 7.78% 8.58%
Promoter Holding % 0.04% 0.09% 0.11% 0.11% 0.14% 0.15% 0.18%
Public Holding % 39.54% 40.45% 40.85% 41.33% 41.84% 42.04% 41.24%
No. of Shareholders 132,567 143,707 160,796 198,035 342,955 359,083 433,012

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Olectra Greentech Share Price Target 2024- 2030 Forecast

Year Lower Targets Higher Targets
2024 ₹2,810 ₹3120
2025 ₹3,950 ₹4,430
2026 ₹4,940 ₹5,950
2027 ₹6060 ₹7,570
2028 ₹7180 ₹9090
2029 ₹8,110 ₹10,720
2030 ₹9,130 ₹12,340

Olectra Greentech Share Price Target 2025

Months Target Prices
January 3200
February 3150
March 3050
April 3100
May 3300
June 3450
July 3600
August 3550
September 3600
October 3800
November 4000
December 4200

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Olectra Greentech Share Price Target 2026

Months Target Prices
January 4350
February 4280
March 4150
April 4200
May 4355
June 4500
July 4750
August 4900
September 5100
October 5300
November 5600
December 5950

Olectra Greentech Share Price Target 2027

Months Target Prices
January 6200
February 5005
March 4500
April 5500
May 6500
June 7000
July 6800
August 6000
September 6300
October 6600
November 7000
December 7570

Olectra Greentech Share Price Target 2028

Months Target Prices
January 7700
February 7600
March 7500
April 7550
May 8000
June 8400
July 8600
August 8540
September 8800
October 8500
November 8700
December 9090

Olectra Greentech Share Price Target 2029

Months Target Prices
January 9200
February 8900
March 8700
April 9000
May 9400
June 9800
July 10000
August 9700
September 9400
October 8878
November 9700
December 10720

Olectra Greentech Share Price Target 2030

Months Target Prices
January 10800
February 10500
March 10000
April 10400
May 10600
June 10989
July 11300
August 11400
September 11600
October 11700
November 12000
December 12340

Official Website – olectra.com

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