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

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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

Latest Update -Olectra Greentech Ltd’s net profit climbed 32.74% to ₹24Cr in the period of Q1 2024-2025. On a quarterly growth basis, Olectra Greentech Ltd has registered a growth of 75.05% in its net profits over the last 3 months.

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 NameOlectra Greentech
Listed atNSE & BSE
Head OfficeS-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 Websitehttps://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/E181
Book Value₹ 111
Dividend Yield0.02 %
ROCE14.8 %
ROE8.76 %
Face Value₹ 4.00
Debt to Equity0.13
Debt Capacity0.02
Debt (preceding year)₹ 134 Cr.
Debt₹ 121 Cr.
Reserves₹ 881 Cr.
EPS₹ 9.36
EPS (last year)₹ 9.36
Pledged Percentage0.00 %
FCF (Prev Ann)₹ -74.8 Cr.
EV/EBITDA74.7
Industry PE30.1
PEG Ratio3.89
Piotroski Score9.00
Earnings Yield1.07 %

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Olectra Greentech Quarterly Results

Quarter/YearDec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
Revenue208271281177256376216307342289
Expenses180239245157221326176267293254
Operating Profit29323620355040414934
OPM %14%12%13%11%14%13%19%13%14%12%
Other Income2436221578
Interest2487887101313
Depreciation78888999910
Profit before Tax21242311203525273420
Tax %39%26%27%33%25%22%28%30%20%26%
Net Profit1318177152818192715
EPS in Rs1.542.162.030.921.753.292.202.203.291.67

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CAGR Report

Metric10 Years5 Years3 YearsTTM / 1 Year
Compounded Sales Growth31%47%60%6%
Compounded Profit Growth41%47%112%17%
Stock Price CAGR67%50%111%150%
Return on Equity4%5%7%9%

Shareholding Pattern

Quarter/YearSep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 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 Shareholders132,567143,707160,796198,035342,955359,083433,012

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Olectra Greentech Share Price Target 2024- 2030 Forecast

YearLower TargetsHigher 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

MonthsTarget Prices
January3200
February3150
March3050
April3100
May3300
June3450
July3600
August3550
September3600
October3800
November4000
December4200

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Olectra Greentech Share Price Target 2026

MonthsTarget Prices
January4350
February4280
March4150
April4200
May4355
June4500
July4750
August4900
September5100
October5300
November5600
December5950

Olectra Greentech Share Price Target 2027

MonthsTarget Prices
January6200
February5005
March4500
April5500
May6500
June7000
July6800
August6000
September6300
October6600
November7000
December7570

Olectra Greentech Share Price Target 2028

MonthsTarget Prices
January7700
February7600
March7500
April7550
May8000
June8400
July8600
August8540
September8800
October8500
November8700
December9090

Olectra Greentech Share Price Target 2029

MonthsTarget Prices
January9200
February8900
March8700
April9000
May9400
June9800
July10000
August9700
September9400
October8878
November9700
December10720

Olectra Greentech Share Price Target 2030

MonthsTarget Prices
January10800
February10500
March10000
April10400
May10600
June10989
July11300
August11400
September11600
October11700
November12000
December12340

Official Website – olectra.com

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