OLECTRA

Olectra Greentech Limited

Electric buses and composite insulators for power transmission

Consumer Discretionary›Automobile and Auto Components›Automobiles›Passenger Cars & Utility Vehicles

olectra.com(opens the company website in a new tab)
Ask AI

Key metrics

Price as of 2026-10-16

Stock price
₹1066.30
Market cap
8,756 Cr
Stock P/E
49.3
P/B
7.13
ROE (FY26)
14.4%
ROCE (FY26)
19.1%
Operating margin (FY26)
12.3%
Debt / equity (FY26)
0.31
OCF / EBITDA (FY26)
31.5%
OCF / EBITDA (3Y)
51.2%

Full years shown; sign in free for the trailing twelve months. Learn about these metrics →

Price & valuation

Share price and valuation multiples (P/E, P/B and more) over time.

Loading price history…

Compare with peers

Loading peers…

What you need to know

Olectra Greentech makes electric buses, electric tippers and composite polymer insulators in India, with electric buses for state transport undertakings (STUs) its much larger business.

Company snapshot

6thBy market cap

Ranked among 7 companies in Passenger Cars & Utility Vehicles.

Segment mix

Reportable segments as of 2024-12-31 (Standalone). Revenue share = segment revenue ÷ total revenue.

Largest segment: 90.7% of revenue

SegmentRevenue shareRevenuePBTAssets
E-Vehicle Division
90.7%
460 Cr59 Cr2,049 Cr
Insulator Division
9.3%
47 Cr12 Cr197 Cr

Statement tables · Consolidated

Switches quarterly, P&L, balance sheet, and cash flow. Key metrics and ratios stay on consolidated when available.

Amounts in ₹ Cr · tap + to expand rows

Quarterly results

Quarterly · ₹ Cr · tap + rows to expand

MetricSept 2023Dec 2023Mar 2024Jun 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Jun 2026
Sales307 Cr342 Cr289 Cr314 Cr524 Cr515 Cr449 Cr347 Cr657 Cr664 Cr645 Cr576 Cr
Operating expenses (approx.)267 Cr293 Cr254 Cr270 Cr442 Cr436 Cr392 Cr299 Cr567 Cr570 Cr545 Cr507 Cr
EBITDA41 Cr49 Cr34 Cr44 Cr81 Cr79 Cr57 Cr48 Cr89 Cr93 Cr100 Cr68 Cr
OPM %13.2%14.3%11.9%14.0%15.5%15.3%12.6%13.8%13.6%14.0%15.5%11.9%
Other income3 Cr3 Cr5 Cr3 Cr3 Cr2 Cr5 Cr5 Cr4 Cr4 Cr1 Cr2 Cr
Interest10 Cr13 Cr13 Cr10 Cr11 Cr11 Cr20 Cr12 Cr14 Cr20 Cr15 Cr24 Cr
Depreciation9 Cr9 Cr10 Cr9 Cr10 Cr9 Cr9 Cr10 Cr11 Cr13 Cr11 Cr15 Cr
Profit before tax27 Cr34 Cr24 Cr32 Cr65 Cr62 Cr29 Cr34 Cr68 Cr64 Cr80 Cr35 Cr
Tax %30.1%19.9%22.0%23.8%26.5%24.8%29.3%23.0%27.8%27.2%28.1%23.1%
Net profit19 Cr27 Cr19 Cr24 Cr48 Cr47 Cr21 Cr26 Cr49 Cr47 Cr57 Cr27 Cr
EPS (₹)₹2.20₹3.29₹1.67₹2.92₹5.79₹5.64₹2.56₹3.17₹6.04₹5.65₹6.76₹3.16

Profit & loss (annual)

Annual · last column is TTM · ₹ Cr · tap + to expand

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales114 Cr164 Cr170 Cr201 Cr281 Cr593 Cr1,091 Cr1,154 Cr1,802 Cr2,312 CrSign in free for the trailing twelve months
Operating expenses (approx.)94 Cr150 Cr185 Cr195 Cr261 Cr509 Cr949 Cr988 Cr1,541 Cr1,982 CrSign in free for the trailing twelve months
EBITDA20 Cr14 Cr-15 Cr5 Cr20 Cr85 Cr141 Cr166 Cr261 Cr330 CrSign in free for the trailing twelve months
OPM %17.6%8.5%-8.9%2.5%7.2%14.3%13.0%14.4%14.5%14.3%Sign in free for the trailing twelve months
Other income1 Cr7 Cr15 Cr24 Cr11 Cr8 Cr10 Cr12 Cr12 Cr14 CrSign in free for the trailing twelve months
Interest6 Cr6 Cr15 Cr14 Cr8 Cr9 Cr31 Cr43 Cr51 Cr61 CrSign in free for the trailing twelve months
Depreciation2 Cr3 Cr7 Cr18 Cr13 Cr29 Cr33 Cr37 Cr37 Cr45 CrSign in free for the trailing twelve months
Profit before tax13 Cr12 Cr-22 Cr17 Cr11 Cr52 Cr89 Cr114 Cr188 Cr246 CrSign in free for the trailing twelve months
Tax %35.9%25.2%28.3%22.0%25.7%32.4%25.2%23.8%25.9%27.1%Sign in free for the trailing twelve months
Net profit8 Cr9 Cr-16 Cr14 Cr8 Cr35 Cr67 Cr87 Cr139 Cr180 CrSign in free for the trailing twelve months
EPS (₹)₹2.33₹2.07₹-2.52₹1.65₹0.98₹4.31₹7.99₹9.36₹16.92₹21.62Sign in free for the trailing twelve months
Dividend payout %————0.0%0.0%0.0%0.0%0.0%0.0%Sign in free for the trailing twelve months
Sign in free for the trailing twelve months

The latest four quarters added up, next to each full year

Balance sheet

Annual · ₹ Cr · tap + rows to expand

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity capital14 Cr20 Cr32 Cr33 Cr33 Cr33 Cr33 Cr33 Cr33 Cr33 Cr
Reserves52 Cr178 Cr671 Cr700 Cr708 Cr744 Cr807 Cr881 Cr1,016 Cr1,195 Cr
Borrowings64 Cr72 Cr24 Cr22 Cr8 Cr67 Cr134 Cr121 Cr255 Cr380 Cr
Other liabilities33 Cr45 Cr136 Cr226 Cr185 Cr346 Cr582 Cr551 Cr864 Cr954 Cr
Total liabilities163 Cr315 Cr863 Cr981 Cr934 Cr1,190 Cr1,557 Cr1,589 Cr2,171 Cr2,567 Cr
Fixed assets (net)61 Cr68 Cr167 Cr145 Cr285 Cr312 Cr343 Cr318 Cr341 Cr564 Cr
CWIP11 Cr6 Cr0 Cr——3 Cr4 Cr72 Cr187 Cr82 Cr
Investments——102 Cr0.0026 Cr0 Cr0.27 Cr2 Cr11 Cr73 Cr94 Cr
Loans & advances——91 Cr72 Cr17 Cr5 Cr5 Cr3 Cr3 Cr3 Cr
Inventories23 Cr63 Cr112 Cr81 Cr62 Cr59 Cr142 Cr216 Cr290 Cr247 Cr
Trade receivables36 Cr88 Cr91 Cr362 Cr264 Cr366 Cr630 Cr513 Cr694 Cr987 Cr
Cash & bank0.57 Cr0.99 Cr21 Cr2 Cr12 Cr19 Cr6 Cr7 Cr6 Cr10 Cr
Other assets31 Cr89 Cr279 Cr320 Cr294 Cr426 Cr424 Cr448 Cr579 Cr580 Cr
Total assets163 Cr315 Cr863 Cr981 Cr934 Cr1,190 Cr1,557 Cr1,589 Cr2,171 Cr2,567 Cr

Cash flows

Annual · ₹ Cr · tap + rows to expand · last column includes FCF

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from operating activity-9 Cr-107 Cr-130 Cr—209 Cr121 Cr-10 Cr143 Cr141 Cr104 Cr
Cash from investing-6 Cr-19 Cr-307 Cr—-177 Cr-164 Cr-38 Cr-86 Cr-225 Cr-167 Cr
Cash from financing15 Cr126 Cr457 Cr—-22 Cr50 Cr35 Cr-56 Cr83 Cr67 Cr
Net cash flow0.27 Cr0.42 Cr20 Cr—10 Cr7 Cr-13 Cr0.51 Cr-1 Cr4 Cr
Free cash flow (OCF − Capex)-14 Cr-116 Cr-231 Cr—49 Cr54 Cr-75 Cr64 Cr-36 Cr-55 Cr

Ratios

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROCE %14.5%6.7%-1.0%4.1%2.5%7.3%12.4%15.1%18.3%19.1%
ROE %12.7%4.5%-2.2%1.8%1.1%4.5%7.8%9.5%13.2%14.4%
Debtor days116195194658341224210162140155
Inventory days1261463552461455261927952
Days payable7063377579323239188166182155
Cash conversion cycle1712781723251633783883852
OCF / EBITDA %-43.1%-768.1%——1034.4%143.4%-7.3%86.2%54.0%31.5%
OCF / EBITDA % (3 years)——-1302.6%———130.0%64.9%48.2%51.2%
Debt / equity0.960.370.030.030.010.090.160.130.240.31
Current ratio0.852.054.383.483.472.371.721.881.641.58
Net debt / EBITDA3.145.14—3.94-0.220.560.900.690.961.12