MarketFriction

Olectra Greentech Ltd

NSE OLECTRA · BSE 532439 · Passenger Cars & Utility Vehicles
₹1,096.20 -3.35%
NSE close2026-10-01
52 week range866.60 - 1,578.80
Market cap₹9,332 Cr.
P/E52.6
Nifty 500Smallcap 250 Price band 20% Delivery 48.3%

Price

Drag to pan, scroll or pinch to zoom. Ruler (or Shift + drag) measures a move.Dashed lines: 52 week high and low. Prices adjusted for splits and bonuses.

Financials

Consolidated, Rs crore
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales307342289314524515449347657664645576
Expenses267293254270442436395299568570545507
Operating Profit4149344481795448899310068
OPM %13%14%12%14%16%15%12%14%14%14%15%12%
Other Income578743584475
Interest101313101111201214201524
Depreciation99109109101011131115
Profit before tax273420326562293468648035
Tax %30%20%26%24%26%25%29%23%28%27%28%23%
Net Profit192715244847212649475727
EPS in Rs2.203.291.672.925.795.642.563.176.045.656.763.16
Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales931051611702012815931,0911,1541,8022,3122,540
Expenses75851481851952615099499881,5401,9822,191
Operating Profit182014-1552085141166262330350
OPM %20%19%9%-9%2.5%7%14%13%14%15%14%14%
Other Income11715441161320142219
Interest6661514893143516173
Depreciation52371813293337374549
Profit before tax81312-2217115289106188246247
Tax %29%36%25%-28%22%26%32%25%26%26%27%
Net Profit689-16148356779139180180
EPS in Rs1.612.331.77-1.991.650.984.317.999.3616.9221.6221.61
Dividend Payout %0%0%0%0%0%0%9%5%4%2%3%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth38%52%28%38%
Compounded Profit Growth40%85%39%26%
Stock Price CAGR48%21%-2%-27%
Return on Equity8%11%13%16%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital141414203233333333333333
Reserves6672521786717007087448078811,0161,195
Borrowings455565722430867134121255380
Other Liabilities38333245136219185346583554867959
Total Liabilities1641741633158639819341,1901,5571,5892,1712,567
Fixed Assets79766172173151290325356330355574
CWIP1919116000347218782
Investments00001020002117394
Other Assets6679912375898316458621,1951,1751,5571,817
Total Assets1641741633158639819341,1901,5571,5892,1712,567
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity5-14-9-107-130-219209121-10143141104
Cash from Investing Activity55-6-19-307199-177-164-38-86-225-167
Cash from Financing Activity-610151264570-225035-568367
Net Cash Flow300020-19107-131-14
Free Cash Flow8-11-14-116-231-2064954-7564-36-55
CFO/OP32%-62%-23%-724%843%-4,288%1,043%146%6%103%59%46%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days137175126199195658342225211162140156
Inventory Days1061071282093192741275163967951
Days Payable1421237290339645284235195172178153
Cash Conversion Cycle1011581833171752881854079864154
Working Capital Days-979-861985448713991571051158573
ROCE %10%11%14%9%-1%2%2%8%13%15%21%21%
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters50.02%50.02%50.02%50.02%50.02%50.02%50.02%50.02%50.02%50.02%50.02%50.02%
FIIs8.01%7.78%8.58%7.61%5.64%5.69%5.38%5.66%7.04%6.90%7.11%7.95%
DIIs0.14%0.15%0.18%0.19%0.28%0.31%0.45%0.48%0.69%0.82%0.68%0.58%
Public41.84%42.04%41.24%42.19%44.08%44.00%44.16%43.84%42.25%42.28%42.20%41.47%
No. of Shareholders3,42,9553,59,0834,33,0124,83,1625,01,2804,99,7365,24,7835,22,2814,60,1344,53,1104,56,9114,33,537

Fundamentals

Market Cap₹ 9,332 Cr.
Current Price₹ 1,137
Stock P/E52.6
Book Value₹ 150
ROCE21.0 %
ROE15.6 %
Dividend Yield0.05 %
Face Value₹ 4.00
Compounded Sales Growth (TTM)38%
Compounded Profit Growth (TTM)26%
Consolidated figures.
Valuation
Market capRs 8,998 Cr
Enterprise valueRs 9,206 Cr
P/E (TTM)50.71x
Price to book7.33x
Price to sales3.54x
EV / EBITDA24.93x
EV / EBIT28.77x
EV / sales3.62x
Price to cash flow86.72x
Earnings yield1.97%
Dividend yield0.05%
P/E, 3-year average105.15x
P/B, 3-year average10.85x
P/E, 5-year average109.68x
P/B, 5-year average9.14x
Profitability
Operating margin (excl. other income)14.27%
Operating margin (incl. other income)15.24%
EBITDA margin14.53%
Pre-tax margin9.72%
Net profit margin6.98%
Net margin, latest quarter4.51%
ROE15.59%
ROCE21.12%
ROA7.49%
ROE, 3-year average12.84%
ROCE, 3-year average18.80%
ROA, 3-year average6.59%
ROE, 5-year average10.26%
ROCE, 5-year average15.48%
ROA, 5-year average5.57%
ROIC (approx.)16.25%
Tax rate27.07%
Other income / net worth1.83%
Growth
Sales growth (latest year)28.32%
Profit growth (latest year)27.79%
Sales CAGR, 3 years28.46%
Sales CAGR, 5 years52.39%
Profit CAGR, 3 years39.35%
Profit CAGR, 5 years85.50%
Sales growth QoQ-10.73%
Profit growth QoQ-53.26%
Sales growth YoY (latest quarter)65.75%
Profit growth YoY (latest quarter)-0.31%
Per share
EPS (TTM)Rs 21.62
EPS (latest year)Rs 21.62
EPS (latest quarter)Rs 3.16
EPS, 3-year averageRs 15.97
EPS, 5-year averageRs 12.04
Book value per shareRs 149.56
Sales per shareRs 309.51
Cash flow per shareRs 12.64
Free cash flow per shareRs -6.70
Dividend per share (latest year)Rs 0.60
Dividend per share, 3-year averageRs 0.47
Dividend per share, 5-year averageRs 0.44
Dividends
Dividend payout2.77%
Dividend payout, 3-year average3.13%
Dividend payout, 5-year average4.74%
Efficiency
Asset turnover0.90x
Fixed asset turnover4.03x
Inventory turnover7.48x
Inventory days49 days
Debtor days156 days
Debtors turnover2.34x
Creditor days153 days
Cash conversion cycle54 days
Working capital days73 days
Leverage
Total debtRs 380 Cr
Cash and bankRs 172 Cr
Net debtRs 208 Cr
Debt to equity0.31x
Net debt / EBITDA0.56x
Interest coverage4.39x
Current ratio (filing 2026-03-31)1.58x
Quick ratio (filing 2026-03-31)1.35x
Trade payables (filing 2026-03-31)Rs 735 Cr
Owners' fund to total sources47.82%
Debt to assets14.81%
Cash flow
Cash from Operating Activity (latest year)Rs 104 Cr
Cash from Investing Activity (latest year)Rs -167 Cr
Cash from Financing Activity (latest year)Rs 67 Cr
Net Cash Flow (latest year)Rs 4 Cr
Free cash flow (latest year)Rs -55 Cr
FCFE (approx.: FCF + change in debt)Rs 70 Cr
Cash from ops / profit, 5 years1.00x
Sales to cash flow22.28x
Statement figures
Net sales (TTM)Rs 2,540 Cr
Net sales (latest year)Rs 2,312 Cr
Sales (latest quarter)Rs 576 Cr
Operating profit excl. other income (latest year)Rs 330 Cr
Operating profit (latest quarter)Rs 68 Cr
Other income (TTM)Rs 19 Cr
EBITDA (TTM)Rs 369 Cr
PBDT (TTM)Rs 296 Cr
Profit before tax (TTM)Rs 247 Cr
Tax (latest year)Rs 67 Cr
Net profit (TTM)Rs 177 Cr
Net profit (latest year)Rs 177 Cr
Net profit (latest quarter)Rs 26 Cr
Depreciation (TTM)Rs 49 Cr
Depreciation (latest quarter)Rs 15 Cr
Interest (TTM)Rs 73 Cr
Cost of goods sold (latest year)Rs 1,848 Cr
Total expenditure (latest year)Rs 1,982 Cr
Total income (latest year)Rs 2,335 Cr
Share capitalRs 33 Cr
ReservesRs 1,195 Cr
Shareholders' fundsRs 1,228 Cr
Total assetsRs 2,567 Cr
Net blockRs 574 Cr
Capital work in progressRs 82 Cr
InvestmentsRs 94 Cr
ReceivablesRs 987 Cr
InventoryRs 247 Cr
Other liabilitiesRs 959 Cr
Shares outstanding (crore)8.21
Ownership
Promoter holding50.02% (+0.00 in a year)
Computed by MarketFriction from the consolidated statements. Returns use average balances.
P/E 50.7 is at the 7th percentile of its own 7.7-year range (median 143.9, low 35.6, high 308.2).
P/B 7.33 is at the 41th percentile (median 8.69).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
PeriodOLECTRANifty 50Difference
1 week-11.9%-2.8% -9.1 pts
1 month-12.1%-6.8% -5.3 pts
3 months-26.4%-7.6% -18.8 pts
6 months+13.4%+0.4% +13.0 pts
1 year-32.0%-9.9% -22.1 pts
2 years-35.6%-13.6% -22.0 pts
3 years-8.7%+14.2% -22.9 pts
5 years+153.0%+27.9% +125.1 pts
34 mutual fund schemes hold about ₹28 Cr. Over three months 34 bought more and 0 sold (share counts, price move removed).
FundWeightEst. Cr3m shares
Nippon India Nifty Smallcap 250 Index Fund0.24%8 +11%
SBI Nifty Smallcap 250 Index Fund0.24%4 +11%
Motilal Oswal Nifty Smallcap 250 Index Fund0.24%3 +11%
ICICI Pru Nifty Smallcap 250 Index Fund0.24%2 +12%
HDFC NIFTY Smallcap 250 Index Fund0.24%2 +12%
The Wealth Company Small Cap Fund1.46%2 +45%
Nippon India Nifty 500 Equal Weight Index Fund0.18%1 +24%
JioBlackRock Nifty Smallcap 250 Index Fund0.24%1 +11%
Motilal Oswal Nifty 500 Index Fund0.03%1 +14%
The Wealth Company Ethical Fund1.86%1 +10%
Motilal Oswal BSE Clean Environment Index Fund1.47%1 +26%
Edelweiss Nifty Smallcap 250 Index Fund0.24%1 +12%
Groww Nifty Smallcap 250 Index Fund0.24%0 +11%
HDFC Nifty500 Multicap 50:25:25 Index Fund0.06%0 +13%
Bandhan Nifty Smallcap 250 Index Fund0.24%0 +12%
Kotak Nifty Smallcap 250 Index Fund0.24%0 +11%
SBI Nifty 500 Index Fund0.03%0 +14%
Navi Nifty Smallcap250 Momentum Quality 100 Index Fund0.50%0 +56%
Groww Nifty Total Market Index Fund0.03%0 +13%
HDFC BSE 500 Index Fund0.03%0 +10%
UTI Nifty500 Shariah Index Fund0.09%0 +5%
Axis Nifty 500 Index Fund0.03%0 +14%
Groww Nifty Smallcap 250 Momentum Quality 100 Index Fund0.50%0 +56%
DSP Nifty Smallcap 250 Index Fund0.23%0 +11%
ICICI Pru Nifty 500 Index Fund0.03%0 +14%

Red flags

F-score 5 of 8
No red flags in the latest statements and filings.
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.

Latest quarter

Jun 2026
Sales ₹576 Cr +66.0% vs Jun 2025. Net profit ₹27 Cr +3.8%.
Against our estimate for Jun 2026: sales +21.8%, profit -23.6% miss. Our estimate for Sep 2026: sales Rs 1,017 Cr, profit Rs 74 Cr (how).

Activity

Compare
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No bulk or block deals on record.
Ex-dateActionFactor
2026-09-18Dividend - Re 0.60 Per Share
2025-09-19Dividend - Re 0.40 Per Share
2024-09-19Dividend - Re 0.40 Per Share
2024-09-19Annual General Meeting
2023-09-21Dividend - Re 0.40 Per Share
2023-09-21Annual General Meeting
2022-09-20Annual General Meeting/Dividend - Re 0.40 Per Share
2021-09-17 Annual General Meeting
2020-09-03 Annual General Meeting
2019-08-29 Annual General Meeting
2018-09-19 Annual General Meeting
2017-09-20 Annual General Meeting
2016-09-22 Annual General Meeting
2015-09-21 Annual General Meeting
2014-09-19Annual General Meeting
2013-09-19Annual General Meeting
2012-09-20Annual General Meeting And Dividend Re.0.20 Per Share
2011-09-22Annual General Meeting And Dividend - Re.0.20 Per Share
2010-09-20Annual General Meeting And Dividend Re.0.20 Per Share
2009-09-17Agm/Div-Re.0.40 Per Share
2008-09-18Agm/Dividend - 10%
2007-09-20Agm/Dividend-10%
2006-09-25Agm
No announcements in our files yet.
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Order dateForumCase
2021-03-26NCLTOlectra Greentech Ltd Vs M.L.R. Motors Ltd Vs
2021-02-11NCLTOlectra Greentech Ltd Vs M.L.R. Motors Ltd Vs
Orders from NCLT, NCLAT and CESTAT naming the company. Click a row for the order.
Scrip PE is greater than 50 (4 trailing quarters)

Quick answers

What is the market cap of Olectra Greentech Ltd?

Olectra Greentech Ltd (OLECTRA) has a market capitalisation of Rs 9,332 Cr. at the 2026-10-01 close.

What is the P/E ratio of Olectra Greentech Ltd?

Olectra Greentech Ltd trades at a P/E of 52.6 on trailing twelve-month profit, at the 2026-10-01 close.

What were Olectra Greentech Ltd's latest quarterly results?

In the Jun 2026 quarter, Olectra Greentech Ltd sales was Rs 576 Cr (+66.0% vs Jun 2025) and net profit was Rs 27 Cr.

What is the 52-week high and low of Olectra Greentech Ltd?

The 52-week high is Rs 1,578.80 and the 52-week low is Rs 866.60.

Data: NSE and BSE daily reports, company filings. Numbers only, not investment advice, not a SEBI-registered research service.AboutMethodologyFAQResearchContactTermsPrivacyDisclaimerUpdated 2026-10-03