Olectra Greentech Share Price Target 2024-2030 Today Update, Business Profile, Fundamentals & Quarterly Results

Olectra Greentech Limited was laid out in the year 2000 . The organization is principally engaged with assembling composite polymer protectors as well as Electric Transports. Its central command are in Hyderabad. With more than a thousand electric buses, the Olectra Greentech bus company has traveled more than 9 crore kilometers on Indian roads. OGL is a public organization, exchanged on both the Bombay and Public stock trades, it is ensured to ISO-9001:2008 as well as keeping up with thorough creation levels, with its Research and development Center perceived by Branch of Logical and Modern Exploration, Legislature of India.

Olectra Greentech Share Price Target 2024-2030

Olectra Greentech Share Price Target on This post will talk about the projected offer cost focuses for Olectra Greentech from 2024 to 2030. The share price of Olectra Greentech at the moment is Rs 2062.85. In this post, you’ll find detailed information about the price targets for the future. While talking about the objective cost of Olectra Greentech shares, there is an expected increment over the course of the following 10 years. The presentation of Olectra Greentech shares has been estimable, yielding significant returns for financial backers. As more people choose to invest in this favorable stock, the investor base is steadily growing.

Olectra Greentech Share Price Target Today Update

Olectra Greentech, an astounding member in the electric controlled fueled controlled fueled vehicle (EV) area, has gathered full-s ize interest from clients and venture examiners. With a durable leisure activity on development and manageability, the association has set itself as a pacesetter inside the thriving EV commercial center in India. This comprehensive analysis examines the various factors that would have an effect on Olectra Greentech’s inventory normal overall performance and delves into the anticipated percentage fee dreams for the company from 2024 to 2030.

Olectra Greentech Latest News

• Olectra Greentech Shares NSE expanded by 150% in 2023 and has bounced 46% as of now since January first, 2024.
• According to stock exchange filings, Vasai Virar City Municipal Corporation grants Olectra Greentech Limited a contract worth 62 crores to supply and maintain 40 Electric Buses.
• In the July-Sept. quarter, Olectra Greentech reported a 77% increase in net profit to Rs. 27.11 crores and a 33% increase in revenue to Rs. 342.14 crores.
• Last year, in July, Olectra Greentech restricted stowed a gigantic ”Gross Expense Agreement” roughly esteemed at Rs 10,000 crores in light of the OPEX model premise more than 12 years.

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Olectra Greentech Business Profile

Olectra has manufactured and deployed all Electric Bus variations in India. Following its outcome in the business activity of electric transports, the organization is presently growing its item range in the e-portability area to incorporate electric trucks and electric tippers.

• Order Book: Sharat Chandra informed the market that OGL delivered 1,564 electric buses and 51 electric tippers during the fiscal year 2023-2014 (through December 31, 2023). Olectra Greentech’s flow orders for electric transports all out 8,088. On the 22 February 2024 Olectra Greentech was granted a 4000 crore INR contract by Brihan Mumbai Electric Stock and Transport Undertaking (BEST/Power) to supply, work and keep 2400 electric transports under gross expense contract.
• Insulators; The organization makes transmission and appropriation composite encasings intended to suit different voltage details. Tonne, Bracket Tube, and Stay arm are the 25 KV-rated insulators provided by “Railways Co.”
• Greenfield Project: The Hyderabad-based business has acquired 150 acres of land on which it intends to build a new manufacturing facility. The new plant will at first have the ability to deliver 5,000 units each year yet can be expanded to 10,000 units each year.
• Opportunity in EV Sector: Electric vehicles (EVs) will have a high impact on the car business very soon. India has the fifth-largest automotive industry in the world. It is conceivable that by 2030 it tends to be the third biggest. E-buses have a penetration rate of less than 10% in most countries, with the exception of China, where it is 26%. With more than 1176 buses sold, India has a penetration rate of 4% for e-buses.

Olectra Greentech Fundamentals & Quarterly Results

Market Cap	₹ 13,909 Cr.
Current Price	₹ 1,695
High / Low	₹ 2,222 / 671
Stock P/E	181
Book Value	₹ 111
Dividend Yield	0.02 %
ROCE	14.8 %
ROE	8.76 %
Face Value	₹ 4.00
Debt to Equity	0.13
Debt Capacity	0.02
Debt (preceding year)	₹ 134 Cr.
Debt	₹ 121 Cr.
Reserves	₹ 881 Cr.
EPS	₹ 9.36
EPS (last year)	₹ 9.36
Pledged Percentage	0.00 %
FCF (Prev Ann)	₹ -74.8 Cr.
EV/EBITDA	74.7
Industry PE	30.1
PEG Ratio	3.89
Piotroski Score	9.00
Earnings Yield	1.07 %

Olectra Greentech Quarterly Results

Quarter/Year	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Revenue	208	271	281	177	256	376	216	307	342	289
Expenses	180	239	245	157	221	326	176	267	293	254
Operating Profit	29	32	36	20	35	50	40	41	49	34
OPM %	14%	12%	13%	11%	14%	13%	19%	13%	14%	12%
Other Income	2	4	3	6	2	2	1	5	7	8
Interest	2	4	8	7	8	8	7	10	13	13
Depreciation	7	8	8	8	8	9	9	9	9	10
Profit before Tax	21	24	23	11	20	35	25	27	34	20
Tax %	39%	26%	27%	33%	25%	22%	28%	30%	20%	26%
Net Profit	13	18	17	7	15	28	18	19	27	15
EPS in Rs	1.54	2.16	2.03	0.92	1.75	3.29	2.20	2.20	3.29	1.67

CAGR Report

Metric	10 Years	5 Years	3 Years	TTM / 1 Year
Compounded Sales Growth	31%	47%	60%	6%
Compounded Profit Growth	41%	47%	112%	17%
Stock Price CAGR	67%	50%	111%	150%
Return on Equity	4%	5%	7%	9%

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Shareholding Pattern

Quarter/Year	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Shareholding %	50.02%	50.02%	50.02%	50.02%	50.02%	50.02%	50.02%
Institutional Holding %	10.41%	9.44%	9.03%	8.55%	8.01%	7.78%	8.58%
Promoter Holding %	0.04%	0.09%	0.11%	0.11%	0.14%	0.15%	0.18%
Public Holding %	39.54%	40.45%	40.85%	41.33%	41.84%	42.04%	41.24%
No. of Shareholders	132,567	143,707	160,796	198,035	342,955	359,083	433,012

Olectra Greentech Share Price Target 2024- 2030 Forecast

Year	Lower Targets	Higher Targets
2024	₹2,810	₹3120
2025	₹3,950	₹4,430
2026	₹4,940	₹5,950
2027	₹6060	₹7,570
2028	₹7180	₹9090
2029	₹8,110	₹10,720
2030	₹9,130	₹12,340

Olectra Greentech Share Price Target 2025

Months	Target Prices
January	3200
February	3150
March	3050
April	3100
May	3300
June	3450
July	3600
August	3550
September	3600
October	3800
November	4000
December	4200

Olectra Greentech Share Price Target 2026

Months	Target Prices
January	4350
February	4280
March	4150
April	4200
May	4355
June	4500
July	4750
August	4900
September	5100
October	5300
November	5600
December	5950

Olectra Greentech Share Price Target 2027

Months	Target Prices
January	6200
February	5005
March	4500
April	5500
May	6500
June	7000
July	6800
August	6000
September	6300
October	6600
November	7000
December	7570

Olectra Greentech Share Price Target 2028

Months	Target Prices
January	7700
February	7600
March	7500
April	7550
May	8000
June	8400
July	8600
August	8540
September	8800
October	8500
November	8700
December	9090

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Olectra Greentech Share Price Target 2029

Months	Target Prices
January	9200
February	8900
March	8700
April	9000
May	9400
June	9800
July	10000
August	9700
September	9400
October	8878
November	9700
December	10720

Olectra Greentech Share Price Target 2030

Months	Target Prices
January	10800
February	10500
March	10000
April	10400
May	10600
June	10989
July	11300
August	11400
September	11600
October	11700
November	12000
December	12340

Points Before Investing in Olectra Greentech NSE Stock

• Olectra Greentech’s Benefit development rate was 16% year on year and arrived at Rs 5,190 crore in the year 2023.
• Olectra Greentech Stock prospects are bright on the National Stock Exchange (NSE) due to the demand for electric buses, which would make public transportation more affordable and environmentally friendly for commuters.
• The company would also greatly benefit from its position as one of India’s leading manufacturers of electric busses. The Indian Government’s push to unveil transport greener and climate cordial will additionally give a lift to Electra Greetech later on.
• Olectra Greentech Limited is additionally hoping to draw in financial backers by broadening its electric vehicle organization portfolio from assembling transports to hydrogen-energized electric transports and three-wheeler electric vehicles also.
• Olectra Greentech is a beneficial organization posting a net benefit of Rs 27.11 crores in Q3-23 up by 77%.

Final Words

Olectra Greentech was established in 2002 and went into the assembling of electric vehicles around 2016. Up to this point, Olectra Greentech transport organization has conveyed in excess of 1000 electric transports covering a distance of in excess of 9 crores kilometers on the Indian streets. The offer cost of Olectra Greentech Ltd has been keeping itself on a positive direction throughout the long term which has bounced 46% in the year 2024, from Rs 1373 to Rs 2010.