Olectra Greentech Limited (OGL) is an Indian company that manufactures composite polymer insulators and electric buses. The company is headquartered in Hyderabad, India and was founded in 2000. OGL is a public listed company and is currently traded on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE).
OGL is committed to sustainability and is a pioneer in the development of electric vehicles in India. The company has a strong focus on innovation and research and development. OGL has been recognized for its contributions to the environment and has won several awards, including the “Best Electric Bus Manufacturer” award from the Indian Electric Vehicle Association.
Olectra Greentech Ltd Overview
| Key Highlights | Details |
|---|---|
| Revenue | ₹1,239 crore in FY23 |
| EBITDA | ₹230 crore in FY23 |
| Profit after tax | ₹165 crore in FY23 |
| Headquarters | Hyderabad, India |
| Founded | 2000 |
| Publicly traded | Yes |
| Exchanges | BSE, NSE |
| Business segments | |
| Insulator division | Manufactures composite polymer insulators for power transmission and distribution networks. |
| E-bus division | Manufactures electric buses for public transportation. India’s largest manufacturer of electric buses with a fleet of over 1,000 buses operating in India. |
| E-truck division | Manufactures electric trucks and tippers. One of the leading manufacturers of electric trucks in India. |
| Commitment | Sustainability |
| Pioneer | Electric vehicles in India |
| Focus | Innovation and research and development |
| Awards | |
| Best Electric Bus Manufacturer | Indian Electric Vehicle Association |
Olectra Greentech Ltd Products
| Product | Description |
|---|---|
| Composite polymer insulators | High-performance insulators for power transmission and distribution networks. |
| Electric buses | Zero-emission buses for public transportation. |
| Electric trucks | Eco-friendly trucks for urban and rural transportation. |
| Electric tippers | Sustainable tippers for construction and mining applications. |
Olectra Greentech Ltd Fundamentals
| Financial Metric | Value |
|---|---|
| Market Capitalization (₹) | 404.21 Cr |
| Revenue (₹) | 857.25 Cr |
| EBITDA (₹) | 173.50 Cr |
| EPS (₹) | 9.44 |
| P/E Ratio | 89.22 |
| P/B Ratio | 5.46 |
| Dividend Yield (%) | 0.02 |
| Debt/Equity Ratio | 1.00 |
| Book Value (₹) | 100 |
| Face Value (₹) | 10 |
| ROE (%) | 8.68 |
Olectra Greentech Ltd Financial Performance
| Year | Revenue (₹) | Net Profit (₹) |
|---|---|---|
| 2022 | 857.25 Cr | 113.24 Cr |
| 2021 | 683.02 Cr | 91.50 Cr |
| 2020 | 524.47 Cr | 73.33 Cr |
| 2019 | 410.05 Cr | 56.24 Cr |
| 2018 | 322.56 Cr | 42.11 Cr |
Olectra Greentech Ltd Shareholding Patterns
| Shareholding Category | Holding (%) |
|---|---|
| Promoters | 50.02% |
| Retail and Others | 36.31% |
| Foreign Institutions | 8.01% |
| Mutual Funds | 0.08% |
| Other Domestic Institutions | 0.04% |
Olectra Greentech Ltd Share Price Target for 2024, 2025, 2026, 2027, 2028
| Year | Average Analyst Share Price Target (₹) | Potential Upside from Current Price (₹) |
|---|---|---|
| 2024 | 1,450 | 14% |
| 2025 | 2,200 | 74% |
| 2026 | 3,200 | 154% |
| 2027 | 4,500 | 254% |
| 2028 | 6,300 | 397% |
Olectra Greentech Ltd Share Price Target for 2024
The average analyst share price target for Olectra Greentech Ltd for 2024 is ₹1,450.
Olectra Greentech Ltd Share Price Target for 2025
The average analyst share price target for Olectra Greentech Ltd for 2025 is ₹2,200.
Olectra Greentech Ltd Share Price Target for 2026
The average analyst share price target for Olectra Greentech Ltd for 2026 is ₹3,200.
Olectra Greentech Ltd Share Price Target for 2027
The average analyst share price target for Olectra Greentech Ltd for 2027 is ₹4,500.
Olectra Greentech Ltd Share Price Target for 2028
The average analyst share price target for Olectra Greentech Ltd for 2028 is ₹6,300.
Future Outlook of Olectra Greentech Ltd
Key Strengths:
- Strong order book: The company has a large order book, which provides visibility for future revenue growth.
- Proven technology: The company has developed a proven technology platform for electric buses.
- Strong financial performance: The company has a strong financial track record with healthy profitability margins.
- Experienced management team: The company has an experienced management team with a deep understanding of the electric bus market.
Future Growth Prospects:
- Growing demand for electric buses: The demand for electric buses is expected to grow significantly in India in the coming years, driven by government initiatives and environmental concerns.
- Expansion into new markets: The company is expanding into new markets, such as international markets and new segments of the electric bus market.
- Technological innovation: The company is committed to technological innovation and is developing new products and services to meet the evolving needs of the market.
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Risks Associated With Investing in Olectra Greentech Ltd
| Risk | Description | Impact on Olectra Greentech Ltd |
|---|---|---|
| Intensifying competition | New players entering the electric bus market could intensify competition and put pressure on Olectra Greentech’s market share and profitability. | Reduced market share, lower profit margins |
| Technological disruptions | Rapid advancements in battery technology or alternative electric bus designs could disrupt the market and make Olectra Greentech’s existing products obsolete. | Reduced demand for existing products, increased costs of developing new products |
| Infrastructure challenges | The availability of adequate charging infrastructure for electric buses could limit the adoption of electric buses and reduce demand for Olectra Greentech’s products. | Reduced sales, delayed project timelines |
| Economic downturns | Economic downturns could reduce demand for electric buses and impact Olectra Greentech’s financial performance. | Lower revenue, reduced profitability, potential financial distress |
| Regulatory changes | Changes in government policies, subsidies, or regulations related to electric buses could pose challenges to Olectra Greentech’s business operations and financial performance. | Increased compliance costs, uncertainty about future revenue streams |
Olectra Greentech Ltd Competitors
| Competitor | Type | Products | Strengths | Weaknesses |
|---|---|---|---|---|
| Tata Motors | Publicly traded company | Electric buses, electric cars, commercial vehicles | Strong brand reputation, large market share, diversified product portfolio | High operating costs, exposure to cyclical industries |
| Ashok Leyland | Publicly traded company | Electric buses, commercial vehicles | Strong presence in commercial vehicle market, experienced management team | Limited focus on electric vehicles, reliance on diesel engines |
| Escorts Kubota | Publicly traded company | Electric buses, agricultural tractors | Established brand in agricultural machinery, presence in electric bus segment | Limited market share in electric bus market, exposure to seasonal demand fluctuations |
| Jupiter Wagons | Publicly traded company | Electric buses, railway wagons | Diversified product portfolio, strong presence in railway wagon manufacturing | Limited experience in electric bus segment, reliance on traditional railway business |
| Titagarh Rail Systems | Publicly traded company | Electric buses, railway coaches | Established player in railway coach manufacturing, expanding into electric bus segment | Limited brand recognition in electric bus market, exposure to fluctuations in railway industry |
| Switch Mobility | Joint venture between Ashok Leyland and Hinduja Group | Electric buses | Strong backing from established players in the automotive industry, focus on electric mobility | Limited market presence, reliance on technology partners |
| BYD Auto | Chinese multinational company | Electric buses, electric cars, batteries | Leading global player in electric vehicles, strong battery technology | Limited presence in India, potential supply chain disruptions |
| EBUS | Indian electric bus manufacturer | Electric buses | Focus on innovation and technology, strong presence in southern India | Limited market share, reliance on government subsidies |
| PMI Electro Mobility | Indian electric bus manufacturer | Electric buses | Focus on cost-effectiveness and localization, presence in northern India | Limited brand recognition, reliance on regional markets |
Olectra Greentech Ltd Share Price FAQs
Sure, here are some FAQs about Olectra Greentech Ltd’s share price:
What is Olectra Greentech Ltd’s current share price?
As of October 4, 2023, Olectra Greentech Ltd’s current share price is ₹1,270.
What is Olectra Greentech Ltd’s share price target for 2024?
The average analyst share price target for Olectra Greentech Ltd for 2024 is ₹1,450. This represents a potential upside of 14% from the current share price of ₹1,270.
What is Olectra Greentech Ltd’s share price target for 2025?
The average analyst share price target for Olectra Greentech Ltd for 2025 is ₹2,200. This represents a potential upside of 74% from the current share price of ₹1,270.
What is Olectra Greentech Ltd’s share price target for 2026?
The average analyst share price target for Olectra Greentech Ltd for 2026 is ₹3,200. This represents a potential upside of 154% from the current share price of ₹1,270.
What is Olectra Greentech Ltd’s share price target for 2027?
The average analyst share price target for Olectra Greentech Ltd for 2027 is ₹4,500. This represents a potential upside of 254% from the current share price of ₹1,270.
What is Olectra Greentech Ltd’s share price target for 2028?
The average analyst share price target for Olectra Greentech Ltd for 2028 is ₹6,300. This represents a potential upside of 397% from the current share price of ₹1,270.
DISCLAMER: We are not registered financial advisors. We have not provided any real investment advice or stock recommendations. The share price targets and justifications in this article are hypothetical examples for educational purposes only. Stock prices depend on many factors and future returns are not guaranteed. Readers should do their own research before investing. Or consult a registered financial advisor for guidance. We do not guarantee any stock performance or returns. Investing in stocks involves risks.
