Olectra Greentech
- Market cap
- ₹ 7,833 Cr.
- P/E
- 44.3x
- P/B
- 6.62x
- 52-week range
- 866.6 – 1,573.8
- ROE
- 16%
- ROCE
- 21%
- Dividend yield
- 0.1%
- Debt / equity
- 0.31
- Sector
- Automobiles
- Industry
- Passenger Cars & Utility Vehicles
- Listed on
- NSE, BSE
About
Olectra Greentech Limited is an India-based company engaged in the manufacturing of composite polymer insulators, electric buses and electric trucks. The Company operates through two segments: Insulator division and E Vehicle division. Its E Vehicle division includes Electric buses (e-buses), and Electric trucks (e-trucks). Its range of insulators includes transmission and distribution composite insulators such as 10 - 15 kilovolts (KV), 22 - 28 KV, 33 - 36 KV, 52 - 77 KV, 110 - 132 KV, 220 - 245 KV, and 330 - 420 KV; and insulators for railways such as 25 KV 9 Ton Insulators, 25 KV Bracket Tube Insulators, and 25 KV Stay Arm Insulators. Its EVs include v2 Electric Bus, iX Electric Bus, X2 Electric Bus, CX2 Electric Coach Bus and Meghaetron Electric Tipper. The Company’s manufacturing facilities are located at Cherlapally, Hyderabad; Mahbubnagar, Telangana; and Sangareddy District, Telangana. Its subsidiaries include SSISPL-OGL-BYD Consortium and Evey Trans (GTC) Private Limited.
Quick check
The five things to look at first. Open one for more.
Compared with its industry
Passenger Cars & Utility Vehicles: 8 companies →Olectra Greentech against the typical company in its industry. The rank is out of the companies that report each figure; green means the better quarter of the pack, red the worse quarter.
- Valuation (P/E)44.3 against a typical 27.5: pricier than most peers (1st = cheapest).6th of 8
- Sales growth+66% against a typical +27.8% from a year earlier.1st of 7
- Profit growth+3.8% against a typical −2.6% from a year earlier.4th of 8
- Share price, 3 months−26% against a typical −11.5%.8th of 8
- Size₹ 7,833.4 Cr. market value against a typical ₹ 21,362.2 Cr. (1st = largest).4th of 5
Credit ratings
Every rating action on file, newest first, including reaffirmations. Open a row for the agency's reasoning. All credit rating updates
Adequate safety
Rated A to A- by 2 agencies- All agencies agree and none has raised a warning.
| Agency | Current rating | Outlook | As of |
|---|---|---|---|
| India Ratings | IND A; IND A1 | Stable | 22 May 2026 |
| ICRA | [ICRA]A- | Positive | 6 Oct 2025 |
| Rating | Details | |||||
|---|---|---|---|---|---|---|
| 22 May 2026 | ▲ Upgrade | IND A | — | India Ratings | ₹ 1,532 Cr. | |
| 6 Oct 2025 | Reaffirmed | [ICRA]A- | — | ICRA | ₹ 1,767 Cr. | |
| 29 Aug 2025 | Reaffirmed | [ICRA]A- | — | ICRA | ₹ 1,517 Cr. |
Board meetings
Results dates and other board meetings. Full calendar
| Details | ||
|---|---|---|
| 13 Aug 2026 | Financial Results | To consider and approve the Un-Audited Financial Results (Standalone & Consolidated) for the period ended Jun 30, 2026 |
| 29 May 2026 | Financial Results/Dividend | To consider and approve the financial results for the period ended March 31, 2026 and dividend |
| 2 Feb 2026 | Financial Results | To consider and approve the unaudited financial results for the period ended December 31, 2025 |
| 8 Nov 2025 | Financial Results | To consider and approve the financial results for the period ended September 30, 2025 |
| 9 Aug 2025 | Financial Results | To consider and approve the Un Audited financial results for the period ended Jun 30, 2025 |
| 26 May 2025 | Financial Results/Dividend | To consider and approve the Audited Standalone & Consolidated financial results for the Quarter and Year ended March 31, 2025 and to recommend dividend. |
Financials
Consolidated figures in ₹ crore.
| ₹ Cr. | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 307 | 342 | 289 | 314 | 524 | 515 | 449 | 347 | 657 | 664 | 645 | 576 |
| Expenses | 267 | 293 | 254 | 270 | 442 | 436 | 395 | 299 | 568 | 570 | 545 | 507 |
| Operating Profit | 41 | 49 | 34 | 44 | 81 | 79 | 54 | 48 | 89 | 93 | 100 | 68 |
| OPM % | 13% | 14% | 12% | 14% | 16% | 15% | 12% | 14% | 14% | 14% | 15% | 12% |
| Other Income | 5 | 7 | 8 | 7 | 4 | 3 | 5 | 8 | 4 | 4 | 7 | 5 |
| Interest | 10 | 13 | 13 | 10 | 11 | 11 | 20 | 12 | 14 | 20 | 15 | 24 |
| Depreciation | 9 | 9 | 10 | 9 | 10 | 9 | 10 | 10 | 11 | 13 | 11 | 15 |
| Profit before tax | 27 | 34 | 20 | 32 | 65 | 62 | 29 | 34 | 68 | 64 | 80 | 35 |
| Tax % | 30% | 20% | 26% | 24% | 26% | 25% | 29% | 23% | 28% | 27% | 28% | 23% |
| Net Profit | 19 | 27 | 15 | 24 | 48 | 47 | 21 | 26 | 49 | 47 | 57 | 27 |
| EPS in Rs | 2.2 | 3.29 | 1.67 | 2.92 | 5.79 | 5.64 | 2.56 | 3.17 | 6.04 | 5.65 | 6.76 | 3.16 |
Growth and returns
Compounded yearly rates over each period.
- 10 Years
- 38%
- 5 Years
- 52%
- 3 Years
- 28%
- TTM
- 38%
- 10 Years
- 40%
- 5 Years
- 85%
- 3 Years
- 39%
- TTM
- 26%
- 10 Years
- 50%
- 5 Years
- 35%
- 3 Years
- 3%
- TTM
- —
- 10 Years
- 8%
- 5 Years
- 11%
- 3 Years
- 13%
- TTM
- —
P/E and EPS over time
Daily P/E and trailing 12-month EPS. EPS updates with each result.
Peers
Listed companies in the same business.
| Olectra Greentech | ₹ 984.90 | ₹ 7,833 Cr. | 44.3x | 6.6x | 16% | — |
| ABB India | ₹ 6,140.00 | ₹ 1,29,936 Cr. | 95.2x | 20.3x | — | 11.6% |
| Hitachi Energy India | ₹ 26,250.00 | ₹ 1,17,002 Cr. | 139x | 27.6x | 21% | 12.1% |
| CG Power and Industrial Solutions | ₹ 814.95 | ₹ 1,24,592 Cr. | 114.8x | 17.9x | 20.4% | 9.6% |
| Polycab India | ₹ 7,415.00 | ₹ 1,11,738 Cr. | 50x | 11.1x | 25.4% | 9.3% |
| Siemens | ₹ 3,250.00 | ₹ 1,15,739 Cr. | — | 9.4x | 11.7% | 8.5% |
Management
- B. Sharat Chandra
- Chief Financial Officer
- P. Hanuman Prasad
- Compliance Officer, Company Secretary
- Mahesh Babu Subramanian
- Managing Director, Additional Director
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