Olectra Greentech Ltd is a trailblazer in India’s electric vehicle (EV) industry, renowned as the country’s first manufacturer of electric buses. With state-of-the-art manufacturing facilities in Hyderabad, Telangana, including Cherlapally, Mahbubnagar, and Sangareddy District, the company produces a diverse range of electric vehicles such as buses, trucks, and tippers, alongside composite polymer insulators for power transmission and distribution. As a publicly listed entity on the BSE and NSE, Olectra is ISO-9001:2008 certified, with an R&D center recognized by the Government of India’s Department of Scientific and Industrial Research. Guided by a vision to foster sustainable and futuristic travel while safeguarding the environment, Olectra is committed to advancing e-mobility solutions for a greener future.
| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | |
| Promoters + | 50.02% | 50.02% | 50.02% | 50.02% | 50.02% |
| FIIs + | 8.01% | 7.78% | 8.58% | 7.61% | 5.64% |
| DIIs + | 0.14% | 0.15% | 0.18% | 0.19% | 0.28% |
| Public + | 41.84% | 42.04% | 41.24% | 42.19% | 44.08% |
| No. of Shareholders | 3,42,955 | 3,59,083 | 4,33,012 | 4,83,162 | 5,01,280 |
The shareholding pattern of Olectra Greentech Ltd has remained steady among promoters, with their stake consistently at 50.02% from September 2023 to September 2024, reflecting their firm control over the company. Foreign Institutional Investors (FIIs) exhibited fluctuations, decreasing from 8.01% in September 2023 to 5.64% in September 2024. Domestic Institutional Investors (DIIs) showed a gradual increase in their holdings, rising from 0.14% to 0.28% during the same period, indicating growing confidence from domestic investors. Public shareholding also saw a consistent rise, from 41.84% in September 2023 to 44.08% in September 2024, accompanied by a substantial increase in the number of shareholders, growing from 3,42,955 to 5,01,280. This trend highlights the growing retail interest and trust in Olectra Greentech Ltd as a leading player in the electric vehicle industry.
Below are the trading platforms that you can use to purchase Olectra Greentech shares:
- Zerodha
- Upstox
- Groww
- AngelOne
- ICICIDirect
| When | Maximum Price | Minimum Price |
| January 2025 | 1,539.99 | 1,184.61 |
| February 2025 | 1,555.54 | 1,196.57 |
| March 2025 | 1,588.21 | 1,221.70 |
| April 2025 | 1,572.49 | 1,209.60 |
| May 2025 | 1,526.69 | 1,174.37 |
| June 2025 | 1,595.39 | 1,227.22 |
| July 2025 | 1,564.10 | 1,203.16 |
| August 2025 | 1,612.48 | 1,240.37 |
| September 2025 | 1,631.83 | 1,255.25 |
| October 2025 | 1,674.26 | 1,287.89 |
| November 2025 | 1,716.11 | 1,320.09 |
| December 2025 | 1,793.34 | 1,379.49 |
As we step into 2025, the Olectra Greentech stock is expected to witness fluctuations throughout the year. In January, the maximum price is projected to reach ₹1,539.99, while the minimum could be ₹1,184.61. By December, the stock is anticipated to rise further, with a maximum price of ₹1,793.34 and a minimum of ₹1,379.49.
| When | Maximum Price | Minimum Price |
| January 2026 | 1,847.14 | 1,420.87 |
| February 2026 | 1,800.96 | 1,385.35 |
| March 2026 | 1,836.98 | 1,413.06 |
| April 2026 | 1,874.47 | 1,441.90 |
| May 2026 | 1,855.91 | 1,427.62 |
| June 2026 | 1,902.31 | 1,463.31 |
| July 2026 | 1,865.01 | 1,434.62 |
| August 2026 | 1,922.69 | 1,478.99 |
| September 2026 | 1,961.14 | 1,508.57 |
| October 2026 | 2,012.13 | 1,547.79 |
| November 2026 | 2,062.43 | 1,586.49 |
| December 2026 | 2,113.99 | 1,626.15 |
As we move into 2026, the stock prices of Olectra Greentech are projected to show consistent growth. In January, the maximum price is expected to reach ₹1,847.14, with a minimum of ₹1,420.87. By December, the stock is anticipated to achieve a maximum price of ₹2,113.99, while the minimum could rise to ₹1,626.15.
| When | Maximum Price | Minimum Price |
| January 2027 | 2,135.13 | 1,642.41 |
| February 2027 | 2,189.88 | 1,684.52 |
| March 2027 | 2,275.29 | 1,750.22 |
| April 2027 | 2,230.67 | 1,715.90 |
| May 2027 | 2,165.70 | 1,665.92 |
| June 2027 | 2,263.16 | 1,740.89 |
| July 2027 | 2,218.78 | 1,706.76 |
| August 2027 | 2,287.40 | 1,759.54 |
| September 2027 | 2,367.46 | 1,821.13 |
| October 2027 | 2,429.02 | 1,868.48 |
| November 2027 | 2,489.74 | 1,915.19 |
| December 2027 | 2,551.99 | 1,963.07 |
| When | Maximum Price | Minimum Price |
| January 2028 | 2,603.03 | 2,002.33 |
| February 2028 | 2,669.77 | 2,053.67 |
| March 2028 | 2,773.89 | 2,133.76 |
| April 2028 | 2,719.50 | 2,091.92 |
| May 2028 | 2,640.29 | 2,031.00 |
| June 2028 | 2,759.11 | 2,122.39 |
| July 2028 | 2,705.01 | 2,080.77 |
| August 2028 | 2,788.67 | 2,145.13 |
| September 2028 | 2,886.27 | 2,220.21 |
| October 2028 | 2,961.31 | 2,277.93 |
| November 2028 | 3,035.35 | 2,334.88 |
| December 2028 | 3,111.23 | 2,393.25 |
| When | Maximum Price | Minimum Price |
| January 2029 | 3,173.45 | 2,441.12 |
| February 2029 | 3,254.82 | 2,503.71 |
| March 2029 | 3,381.76 | 2,601.36 |
| April 2029 | 3,315.45 | 2,550.35 |
| May 2029 | 3,218.89 | 2,476.07 |
| June 2029 | 3,363.74 | 2,587.49 |
| July 2029 | 3,297.78 | 2,536.75 |
| August 2029 | 3,399.77 | 2,615.21 |
| September 2029 | 3,518.77 | 2,706.74 |
| October 2029 | 3,610.25 | 2,777.12 |
| November 2029 | 3,700.51 | 2,846.55 |
| December 2029 | 3,793.02 | 2,917.71 |
| When | Maximum Price | Minimum Price |
| January 2030 | 3,868.88 | 2,976.06 |
| February 2030 | 3,968.09 | 3,052.37 |
| March 2030 | 4,122.84 | 3,171.42 |
| April 2030 | 4,042.00 | 3,109.23 |
| May 2030 | 3,924.27 | 3,018.67 |
| June 2030 | 4,100.87 | 3,154.51 |
| July 2030 | 4,020.46 | 3,092.66 |
| August 2030 | 4,144.80 | 3,188.31 |
| September 2030 | 4,289.87 | 3,299.90 |
| October 2030 | 4,401.41 | 3,385.70 |
| November 2030 | 4,511.44 | 3,470.34 |
| December 2030 | 4,624.23 | 3,557.10 |
As we progress through 2030, the stock prices of Olectra Greentech are anticipated to demonstrate significant growth. In January, the maximum price is expected to reach ₹3,868.88, while the minimum could be around ₹2,976.06. By December, the stock is projected to achieve a maximum price of ₹4,624.23, with the minimum likely to rise to ₹3,557.10.
Financial Condition of Olectra Greentech
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | TTM | |
| Sales + | 201 | 281 | 593 | 1,091 | 1,154 | 1,469 |
| Expenses + | 195 | 261 | 509 | 949 | 988 | 1,260 |
| Operating Profit | 5 | 20 | 85 | 141 | 166 | 208 |
| OPM % | 3% | 7% | 14% | 13% | 14% | 14% |
| Other Income + | 44 | 11 | 6 | 13 | 20 | 27 |
| Interest | 14 | 8 | 9 | 31 | 43 | 47 |
| Depreciation | 18 | 13 | 29 | 33 | 37 | 38 |
| Profit before tax | 17 | 11 | 52 | 89 | 106 | 151 |
| Tax % | 22% | 26% | 32% | 25% | 26% | |
| Net Profit + | 14 | 8 | 35 | 67 | 79 | 114 |
| EPS in Rs | 1.65 | 0.98 | 4.31 | 7.99 | 9.36 | 13.67 |
| Dividend Payout % | 0% | 0% | 9% | 5% | 4% |
The financial performance of Olectra Greentech Ltd has demonstrated consistent growth over recent years, reflecting its strong operational capabilities. The company’s sales have risen significantly, from ₹201 crore in March 2020 to ₹1,154 crore in March 2024, with a trailing twelve-month (TTM) figure of ₹1,469 crore. Operating profit has also shown remarkable improvement, growing from ₹5 crore in March 2020 to ₹166 crore in March 2024, supported by a steady operating profit margin (OPM) of 14% in recent years.
Other income has fluctuated, reaching ₹27 crore in the TTM period, while interest and depreciation expenses increased in line with the company’s expansion, recorded at ₹47 crore and ₹38 crore, respectively, in the TTM. Profit before tax has seen robust growth, from ₹17 crore in March 2020 to ₹106 crore in March 2024, with TTM figures at ₹151 crore. Net profit followed a similar trajectory, climbing from ₹14 crore in March 2020 to ₹79 crore in March 2024, with the TTM figure at ₹114 crore. The earnings per share (EPS) increased substantially, from ₹1.65 in March 2020 to ₹9.36 in March 2024, reaching ₹13.67 in the TTM. Despite this growth, Olectra Greentech Ltd has maintained a conservative dividend payout, with a peak of 9% in March 2022. These results underline the company’s strong financial foundation and its potential for sustained growth in the electric vehicle sector.
FAQS
As of January 08th, 2025, the current share price of Olectra Greentech is ₹1,425.
According to our analysis, Olectra Greentech could reach a maximum of ₹1,793.34 by the end of 2025.
The share price target for Olectra Greentech in 2030 is projected to range between ₹2,976.06 and ₹4,624.23.
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Conclusion
In conclusion, Olectra Greentech Ltd stands as a promising leader in India’s electric vehicle industry, with strong financial growth and a robust operational foundation. The company’s consistent rise in sales, operating profit, and net profit from 2020 to 2024 underscores its strategic advancements and market relevance. With a steady operating profit margin of 14% and an impressive EPS growth to ₹13.67 in the trailing twelve months, Olectra has demonstrated resilience and potential for sustained profitability. As the company continues to capitalize on the growing demand for electric vehicles and sustainable solutions, it is well-positioned to deliver long-term value to its stakeholders while driving the transition toward a greener future.
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