NSE: OLECTRA · BSE: 532439 · ISIN INE260D01016
Olectra Greentech Limited stock analysis
Olectra Greentech Limited ranks #1217 in the TickerSutra evidence-ranked universe with a score of 55/100 and 95% data confidence. The latest captured fundamentals show ROCE of 21.1%, quarterly sales growth of 65.8% and quarterly profit growth of -0.3%.Monitor only
INVESTMENT EVIDENCE
What supports—and challenges—the thesis
Evidence in favour
- ROCE is 21.1%
- 28.4% three-year sales CAGR
- Institutional ownership is rising
- CWIP indicates an active capacity pipeline
- No promoter shares are reported as pledged
Risks and constraints
- CFO/EBITDA is below 0.6×
- Valuation is above 40× earnings
Still unresolved: Related-party exposure · Broad media sentiment
FINANCIAL TRAJECTORY
Recent operating history
| Period | Revenue | Operating profit | Net profit | Operating margin |
|---|---|---|---|---|
| 2022 | ₹593cr | ₹85cr | ₹35cr | 14.0% |
| 2023 | ₹1,091cr | ₹141cr | ₹67cr | 13.0% |
| 2024 | ₹1,154cr | ₹166cr | ₹79cr | 14.0% |
| 2025 | ₹1,802cr | ₹262cr | ₹139cr | 15.0% |
| 2026 | ₹2,312cr | ₹330cr | ₹180cr | 14.0% |
| TTM | ₹2,540cr | ₹350cr | ₹180cr | 14.0% |
EXCHANGE EVENT TRIGGERS
Latest corporate disclosures
Olectra Greentech Limited has submitted the Exchange a copy Srutinizers report of Annual General Meeting held on September 26, 2026. Further, the company has informed the Exchange regarding voting results.
RoutineOlectra Greentech Ltd - 532439 - Shareholder Meeting / Postal Ballot-Scrutinizer''s ReportBSE · 28 Sept 202626th Annual General Meeting Voting Results and Scrutinizer'' Report of Olectra Greentech Limited
RoutineOlectra Greentech Ltd - 532439 - Shareholder Meeting / Postal Ballot-Outcome of AGMBSE · 26 Sept 2026Proceedings of 26th Annual General Meeting of Olectra Greentech Limited
RoutineShareholders meetingNSE · 26 Sept 2026Olectra Greentech Limited has informed the Exchange regarding Proceedings of Annual General Meeting held on September 26, 2026
MANAGEMENT COMMENTARY
Signals from filed documents
D uring FY2025–26, the Insulators division delivered a strong performance, with revenue increasing to ₹325 crores from ₹180 crores in FY2024–25, driven by healthy demand across domestic and export markets. Operating margins improved during the year, supported by a favourable product mix and enhanced operating leverage. Exports continued to be a key growth driver, contributing approximately 37% of the division’s reven
Our priorities remain centred on enhancing execution capabilities, scaling deliveries, introducing advanced products and creating sustainable long-term value for our customers, shareholders and stakeholders. As we move ahead, we remain committed to driving innovation, strengthening our market leadership and contributing towards India’s vision of cleaner and greener mobility. I would like to express my sincere appreci
Ongoing investments in capability building, technical training, and talent development support the Company’s expanding technology and manufacturing requirements. Intensifying competition Increasing participation from domestic and global players is intensifying competition, driving faster innovation and greater pricing pressure. Continued investments in product innovation, advanced technologies, customer service, and
F inancial and Operational Performance T he Company has established a strong position in the composite insulator market through its integrated capabilities in product design, engineering and manufacturing, serving both domestic and international customers with a diversified product portfolio. D uring FY2025–26, the Insulators division delivered a strong performance, with revenue increasing to ₹325 crores from ₹180 cr
By strengthening cost optimisation initiatives and improving internal processes, we consistently delivered nearly 350 vehicles per quarter during the latter part of the year while maintaining healthy operating margins across our businesses. Investing for the next phase of growth We remain focused on strengthening our leadership in India’s electric mobility ecosystem through continuous innovation and capacity expansio
Continued focus on quality, product reliability and customer awareness by engaging with utilities, including PGCIL and DISCOMs, to demonstrate the long-term performance and lifecycle cost benefits of composite insulators. Project execution Delays in government and public sector transmission projects due to land acquisition, regulatory approvals, environmental clearances or funding constraints may impact order executi
G rowth and Expansion; M anufacturing and servicing of EVs is the principal business of the Company and as such the proposed transactions with EVEY Trans (NSK) Private Limited and EVEY Trans (KAR) Private Limited are in the ordinary course of business and on an arm’s length basis. These transactions are integral to the Company’s growth and expansion strategy and will: • Pr ovide multi-year revenue visibility • E nabl
The Company being in possession of the Land allotted and on full payment of consideration for the cost of the land has executed and registered an agreement of sale. The Final sale deed will be executed and registered on fulfilment of the stipulated conditions as per the agreement of sale and on commencement of commercial production. Motors Limited (MLR) in the year 2017.
• S elf-declaration by shareholder of meeting treaty eligibility requirement and satisfying beneficial ownership requirement (for the Tax year April 1, 2026 to March 31,2027). • I n case of Foreign Institutional Investors and Foreign Portfolio Investors, copy of SEBI registration certificate. • S elf-attested copy of the PAN card allotted by the Income tax authorities.
HOW TO READ THIS PAGE
Evidence, freshness and limitations
What does the TickerSutra score mean?
The score ranks captured evidence across financial quality, growth, moat and margins, regulatory catalysts, governance, institutional trend and valuation comfort. It is a research-prioritization tool—not a buy recommendation or price target.
Which sources support this page?
Financial history, ownership and pledge data, NSE and BSE filings, annual reports and available earnings-call transcripts are combined here. Use the source trail and original exchange document before relying on a decision-critical fact.
Why can an item be unresolved?
Unresolved means the current captured source window did not provide enough evidence for that check. It does not establish that a risk or relationship is absent.
Maintained by TickerSutra Research · Snapshot updated 29 Sept 2026 · Read the methodology · Read the disclaimer
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