Olectra Greentech Limited
NSE: OLECTRA · Passenger Cars & Utility Vehicles · sector
₹961.50NSE close 2026-10-26
Key numbers
Market cap₹7,893 cr
Price₹961.50
52w high / low₹1,574 / ₹867
P/E44.5xSector median 27.6x
P/B6.4xSector median 4.3x
Book value₹149.5
Dividend yield–Sector median 1.12%
ROE15.8%Sector median 21.7%
ROCE19.7%Sector median 17.3%
OPM14.0%Sector median 12.6%
Debt / equity0.31xSector median 0.05x
EV/EBITDA22.8xSector median 14.2x
Interest cover4.3x
Current ratio1.58x
Sales growth 3y+28.5%Sector median +22.2%
Profit growth 3y+39.9%Sector median +38.8%
PEG1.14x
Last 12 months to Jun 2026, Consolidated. "Sector median" = middle value of 8 companies in Passenger Cars & Utility Vehicles (P/E median leaves out loss-making companies). Tap ? for what a number means.
Things to know
- Cash ₹172 cr vs borrowings ₹380 cr (FY26): borrowings are higher by ₹208 cr.
- Operating profit covered interest 4.3x in the last 12 months.
- No promoter shares are pledged.
- Operating cash flow was below net profit in 2 of the last 5 years (FY26, FY23).
- Revenue was higher than a year earlier in 4 of the last 4 quarters.
- Other income was 6% of net profit in the last 12 months.
- Dividend paid in 4 of the last 5 financial years.
- Price ₹961.50 on 2026-10-26: -38.9% from the 52-week high, +11.0% from the 52-week low.
Plain facts from the filings, built by the same fixed rules for every company. A line appears only when the data for it is available. Not a view on the stock.
Charts
Weekly close · high ₹1,726.80 · low ₹891.15
RevenueNet profit
RevenueNet profit
Quarterly results
| ₹ cr | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 524 | 515 | 449 | 347 | 657 | 664 | 645 | 576 |
| EBITDA | 83 | 80 | 54 | 48 | 89 | 93 | 105 | 68 |
| OPM % | 15.9% | 15.4% | 12.0% | 13.8% | 13.5% | 14.0% | 16.3% | 11.9% |
| Other income | 3 | 2 | 5 | 5 | 4 | 4 | 1 | 2 |
| Net profit | 48 | 47 | 21 | 26 | 49 | 47 | 57 | 26 |
| EPS (₹) | 5.79 | 5.64 | 2.56 | 3.17 | 6.04 | 5.65 | 6.76 | 3.16 |
| Revenue YoY | +25.4% | +28.8% | +43.6% | +65.7% | ||||
| Profit YoY | +3.7% | +0.1% | +177.4% | -0.3% |
Consolidated figures where filed. Latest quarter Jun 2026.
Profit & loss (yearly)
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 | TTM |
|---|---|---|---|---|---|---|
| Revenue | 593 | 1,091 | 1,154 | 1,802 | 2,312 | 2,540 |
| EBITDA | 82 | 141 | 174 | 264 | 338 | 355 |
| Net profit | 35 | 66 | 87 | 139 | 180 | 179 |
| EPS (₹) | 4.31 | 7.99 | 9.36 | 16.92 | 21.62 | 21.61 |
| Revenue growth | +83.9% | +5.8% | +56.1% | +28.3% | +38.4% | |
| Profit growth | +85.5% | +32.1% | +60.7% | +29.0% | +27.3% | |
| Dividend / share (₹) | – | 0.40 | 0.40 | 0.40 | 0.40 |
| Compounded growth | 3 years | 5 years | Last 12 months |
|---|---|---|---|
| Sales | +28.5% | +52.4% | +38.4% |
| Net profit | +39.9% | +86.0% | +27.3% |
| EPS | +39.3% | +85.7% | – |
| Share price | – | -23.7% (2y) | -30.1% |
Balance sheet
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Shareholders' equity | – | 840 | 913 | 1,049 | 1,228 |
| Borrowings | – | 134 | 121 | 255 | 380 |
| Cash & equivalents | – | 167 | 175 | 170 | 172 |
| Total assets | – | 1,557 | 1,589 | 2,171 | 2,567 |
| Fixed assets | – | 343 | 318 | 341 | 564 |
| Capital work in progress | – | 4 | 72 | 187 | 82 |
| Investments | – | 2 | 11 | 73 | 94 |
| Receivables | – | 630 | 513 | 694 | 987 |
| Inventory | – | 142 | 216 | 290 | 247 |
| Payables | – | 438 | 389 | 666 | 735 |
Year-end figures from the March annual filing.
Cash flow
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Cash from operations | 121 | -10 | 143 | 141 | 104 |
| Cash from investing | -164 | -38 | -86 | -225 | -167 |
| Cash from financing | 50 | 35 | -56 | 83 | 67 |
| Capex | 68 | 65 | 79 | 177 | 159 |
| Free cash flow | 54 | -75 | 64 | -36 | -55 |
Free cash flow = cash from operations − capex.
Ratios by year
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| ROE % | – | 7.8% | 9.5% | 13.3% | 14.6% |
| ROCE % | – | 12.1% | 14.4% | 18.3% | 19.1% |
| Debtor days | – | 211 | 162 | 140 | 156 |
| Inventory days | – | 63 | 96 | 79 | 51 |
| Payable days | – | 195 | 172 | 181 | 153 |
| Cash conversion cycle (days) | – | 79 | 86 | 38 | 54 |
| Working capital days | – | 161 | 171 | 119 | 100 |
Shareholding
| Holder | % (2026-09-30) |
|---|---|
| Promoters | 50.02% |
| FIIs | 7.34% |
| DIIs | 0.60% |
| of which Mutual funds | 0.40% |
| of which Insurance | 0.05% |
| Government | 0.00% |
| Public (non-institutions) | 42.04% |
| Quarter | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters % | 50.02% | 50.02% | 50.02% | 50.02% | 50.02% | 50.02% | 50.02% | 50.02% |
| Promoter group | % |
|---|---|
| Meil Holdings Limited | 50.02% |
4,28,232 shareholders. Pledged: 0.00% of promoter shares.
Peers in Passenger Cars & Utility Vehicles
| Company | Market cap | P/E | P/B | ROE | ROCE | OPM | Sales 3y | Div yield |
|---|---|---|---|---|---|---|---|---|
| MARUTI | ₹3,52,757 cr | 24.6x | 3.3x | 14.1% | 17.3% | 10.7% | +16.0% | 1.21% |
| M&M | ₹3,18,948 cr | 17.3x | 3.4x | 21.7% | 15.7% | 18.5% | +32.7% | 1.06% |
| HYUNDAI | ₹1,51,783 cr | 30.6x | 7.6x | 27.3% | 31.9% | 11.2% | – | 1.12% |
| TMPV | ₹97,173 cr | – | 0.9x | 69.5% | -0.7% | 3.7% | -1.0% | 2.27% |
| FORCEMOT | ₹21,863 cr | 17.5x | 5.2x | 34.6% | 36.2% | 18.4% | – | 0.24% |
| OLECTRA | ₹7,893 cr | 44.5x | 6.4x | 15.8% | 19.7% | 14.0% | +28.5% | – |
| MERCURYEV | ₹593 cr | – | – | – | – | – | – | – |
| HINDMOTORS | ₹139 cr | 31.3x | 4.3x | -12.4% | -12.2% | – | – | – |
Business segments (FY26)
| Segment | Revenue | Share | EBIT | Margin |
|---|---|---|---|---|
| Mobility Division | ₹1,987 cr | 85.9% | ₹195 cr | 9.8% |
| Energy Division | ₹325 cr | 14.1% | ₹112 cr | 34.5% |
Dividends & corporate actions
| Ex-date | Action | Detail |
|---|---|---|
| 2026-09-18 | Dividend | Dividend - Re 0.60 Per Share |
| 2025-09-19 | Dividend | Dividend - Re 0.40 Per Share |
| 2024-09-19 | Other | Annual General Meeting |
| 2024-09-19 | Dividend | Dividend - Re 0.40 Per Share |
| 2023-09-21 | Other | Annual General Meeting |
| 2023-09-21 | Dividend | Dividend - Re 0.40 Per Share |
| 2022-09-20 | Dividend | Annual General Meeting/Dividend - Re 0.40 Per Share |
| 2021-09-17 | Other | Annual General Meeting |
| 2020-09-03 | Other | Annual General Meeting |
| 2019-08-29 | Other | Annual General Meeting |
| 2018-09-19 | Other | Annual General Meeting |
| 2017-09-20 | Other | Annual General Meeting |
| 2016-09-22 | Other | Annual General Meeting |
| 2015-09-21 | Other | Annual General Meeting |
| 2014-09-19 | Other | Annual General Meeting |
| 2013-09-19 | Other | Annual General Meeting |
| 2012-09-20 | Dividend | Annual General Meeting And Dividend Re.0.20 Per Share |
| 2011-09-22 | Dividend | Annual General Meeting And Dividend - Re.0.20 Per Share |
| 2010-09-20 | Dividend | Annual General Meeting And Dividend Re.0.20 Per Share |
| 2009-09-17 | Other | Agm/Div-Re.0.40 Per Share |
Documents
- Annual report FY26
- Annual report FY25
- Annual report FY24
- Annual report FY23
- Annual report FY22
- Announcements NSE filings
- BRSR FY26
- Latest results (data file) XBRL
- Announcements BSE filings
Links go to the original files on the exchange website.
About the company
- Electric Vehicles: Manufacturing, Operations & annual maintenance of Electric Buses and Trucks
- Power Insulators: Manufacturing of Polymer Insulators
| Sector | Consumer Discretionary |
| Industry | Passenger Cars & Utility Vehicles |
| Sub-industry | Passenger Cars & Utility Vehicles |
| Symbol | OLECTRA |
| BSE code | 532439 |
| ISIN | INE260D01016 |
| Face value | ₹4.0 |
| Incorporated | 2000-10-11 |
| Website | www.olectra.com |
| Plants (India / abroad) | 1 / 0 |
From the company's filings (BRSR FY26).
Data built 2026-10-22 from NSE company filings (XBRL: Integrated Filing - Financials + financial results), NSE shareholding & pledge data; price = NSE close 2026-10-26.