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Olectra Greentech Overview

Olectra Greentech Ltd, formerly Goldstone Infratech Ltd, is engaged in production of polymer insulators. The Company operates through Composite Polymer Insulators section. The Company's products comprises power utilities and 25 kilovolts (KV) railway traction. The Company's power utilities products encompass 10-15 KV, 22-28 KV, 33-36 KV, 52-77 KV, 110-132 KV, 220-245 KV, 330- 420 KV, and 765-800 KV composite insulators. Its railway traction includes 25 KV nine-ton insulators, 25 KV stay arm insulators and 25 KV bracket tube insulators. The Comp...Read More

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Olectra Greentech Key Financials

Market Cap ₹8710 Cr.

Stock P/E 62.6

P/B 7.5

Current Price ₹1061.2

Book Value ₹ 142.4

Face Value 4

52W High ₹1712.5

Dividend Yield 0.04%

52W Low ₹ 965.1

Olectra Greentech Share Price

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Volume
Price

Olectra Greentech Quarterly Price

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Olectra Greentech Peer Comparison

Olectra Greentech Quarterly Results

#(Fig in Cr.) Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025
Net Sales 307 342 289 314 524 515 449 347 657 664
Other Income 3 3 5 3 3 2 5 5 4 4
Total Income 310 345 294 317 526 518 453 353 661 667
Total Expenditure 267 293 254 270 442 436 392 299 567 570
Operating Profit 44 51 39 47 84 81 61 53 94 97
Interest 10 13 13 10 11 11 20 12 14 20
Depreciation 9 9 10 9 10 9 9 10 11 13
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0 0
Profit Before Tax 25 29 16 28 63 61 32 31 69 64
Provision for Tax 8 7 5 8 17 15 9 8 19 17
Profit After Tax 17 22 11 21 46 46 23 23 50 46
Adjustments 1 5 2 3 2 0 -2 3 -0 0
Profit After Adjustments 18 27 14 24 48 46 21 26 50 46
Adjusted Earnings Per Share 2.2 3.3 1.7 2.9 5.8 5.6 2.6 3.2 6 5.7

Olectra Greentech Profit & Loss

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
Net Sales 92 93 105 161 170 201 281 593 1091 1154 1802 2117
Other Income 1 2 1 7 15 24 11 8 19 14 12 18
Total Income 93 95 106 169 185 225 293 601 1109 1168 1814 2134
Total Expenditure 75 75 85 148 185 195 261 509 958 991 1541 1828
Operating Profit 18 20 21 21 -0 29 32 92 151 178 273 305
Interest 6 6 6 6 15 14 8 9 31 43 51 66
Depreciation 6 5 2 3 7 18 13 29 33 37 37 43
Exceptional Income / Expenses -0 -1 0 0 0 19 0 -3 0 0 0 0
Profit Before Tax 6 8 13 12 -22 17 11 52 89 106 188 196
Provision for Tax 2 2 5 3 -6 4 3 17 23 27 49 53
Profit After Tax 5 6 8 9 -16 14 8 35 67 79 139 142
Adjustments 0 0 0 0 0 -0 0 -0 -1 -2 -0 1
Profit After Adjustments 5 6 8 9 -16 14 8 35 66 77 139 143
Adjusted Earnings Per Share 1.4 1.6 2.3 1.8 -2 1.6 1 4.3 8 9.4 16.9 17.5

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 56% 45% 55% 35%
Operating Profit CAGR 53% 44% 57% 31%
PAT CAGR 76% 58% 58% 39%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR -20% 32% 43% 50%
ROE Average 14% 10% 7% 6%
ROCE Average 20% 16% 12% 10%

Olectra Greentech Balance Sheet

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Shareholder's Funds 80 86 66 198 703 733 741 777 840 913 1049
Minority's Interest 0 0 0 0 -0 0 -0 0 1 3 3
Borrowings 13 27 4 10 3 3 4 52 9 9 142
Other Non-Current Liabilities 13 12 -3 -1 -6 6 2 30 42 49 53
Total Current Liabilities 57 48 91 104 153 232 180 331 665 614 924
Total Liabilities 164 174 158 311 853 973 927 1190 1557 1589 2171
Fixed Assets 79 76 61 72 173 151 290 325 356 330 355
Other Non-Current Assets 20 20 20 26 12 13 60 81 55 106 306
Total Current Assets 64 78 78 214 668 810 577 785 1146 1153 1511
Total Assets 164 174 158 311 853 973 927 1190 1557 1589 2171

Olectra Greentech Cash Flow

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Opening Cash & Cash Equivalents 0 9 0 1 1 21 2 12 19 6 7
Cash Flow from Operating Activities 0 -14 -9 -107 -130 -219 209 121 -10 143 141
Cash Flow from Investing Activities 0 5 -6 -19 -307 199 -177 -164 -38 -86 -225
Cash Flow from Financing Activities -0 10 15 126 457 0 -22 50 35 -56 83
Net Cash Inflow / Outflow 0 0 0 0 20 -19 10 7 -13 1 -1
Closing Cash & Cash Equivalent 0 9 1 1 21 2 12 19 6 7 6

Olectra Greentech Ratios

# Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Earnings Per Share (Rs) 1.37 1.61 2.33 1.77 -1.99 1.65 0.98 4.31 7.99 9.36 16.92
CEPS(Rs) 2.93 3.12 3.02 2.41 -1.14 3.78 2.61 7.88 12.18 14.05 21.5
DPS(Rs) 0 0 0 0 0 0 0 0.4 0.4 0.4 0.4
Book NAV/Share(Rs) 22.29 23.89 18.36 37.37 82.85 84.39 90.24 94.7 102.31 111.29 127.83
Core EBITDA Margin(%) 16.77 18.16 17.63 8.47 -8.92 2.51 7.17 14.27 12.17 14.14 14.46
EBIT Margin(%) 12.27 13.73 16.53 10.97 -4.14 15.6 6.53 10.38 11.08 12.9 13.27
Pre Tax Margin(%) 6.46 8.07 11.51 7.24 -12.96 8.65 3.86 8.82 8.2 9.17 10.43
PAT Margin (%) 4.95 5.72 7.38 5.42 -9.3 6.75 2.87 5.96 6.13 6.82 7.73
Cash Profit Margin (%) 10.63 11.11 9.54 7.38 -5.31 15.49 7.6 10.9 9.17 9.99 9.79
ROA(%) 3.07 3.43 5.07 3.79 -2.72 1.48 0.85 3.34 4.87 5 7.4
ROE(%) 6.29 6.96 11.05 7.01 -3.74 2 1.13 4.66 8.27 8.97 14.19
ROCE(%) 10.15 10.88 14.13 8.97 -1.41 4.22 2.44 7.73 13.3 14.83 20.45
Receivable days 111.35 142.34 129.19 138.09 191.79 411.82 405.59 193.56 166.66 180.85 122.22
Inventory Days 63.55 60.23 63.72 96.22 188.43 175.61 92.75 37.22 33.58 56.64 51.26
Payable days 122.99 133.67 88.99 66.46 208.52 524.19 335.58 177.79 158.24 183.22 143.64
PER(x) 11.72 10.08 32.23 102.42 0 28.3 219.76 155.31 77.39 201.77 68.98
Price/Book(x) 0.72 0.68 4.1 4.86 2.96 0.55 2.4 7.06 6.05 16.97 9.13
Dividend Yield(%) 0 0 0 0 0 0 0 0.06 0.06 0.02 0.03
EV/Net Sales(x) 0.96 1.06 3.1 5.95 10.66 1.53 6.02 9.03 4.62 13.39 5.36
EV/Core EBITDA(x) 4.89 4.91 15.25 45.27 -6890.26 10.41 53.49 58.03 33.32 87.03 35.41
Net Sales Growth(%) 14.72 0.88 12.83 53.97 5.34 17.88 40.32 110.84 83.86 5.81 56.13
EBIT Growth(%) 38 14.05 35.36 -4.41 -139.08 544.19 -41.25 235.14 96.25 23.14 60.61
PAT Growth(%) 132.03 17.65 45.25 5.62 -277.83 185.56 -40.32 337.89 89.2 17.58 76.99
EPS Growth(%) 132.03 17.65 45.25 -24.06 -212.42 182.74 -40.31 337.78 85.55 17.13 80.76
Debt/Equity(x) 0.49 0.58 0.98 0.39 0.04 0.03 0.01 0.09 0.16 0.13 0.24
Current Ratio(x) 1.12 1.61 0.85 2.05 4.38 3.49 3.2 2.37 1.72 1.88 1.64
Quick Ratio(x) 0.83 1.27 0.6 1.44 3.64 3.14 2.86 2.19 1.51 1.53 1.32
Interest Cover(x) 2.11 2.43 3.29 2.94 -0.47 2.24 2.45 6.64 3.85 3.46 4.67
Total Debt/Mcap(x) 0.69 0.85 0.24 0.08 0.01 0.06 0 0.01 0.03 0.01 0.03

Olectra Greentech Shareholding Pattern

# Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025
Promoter 50.02 50.02 50.02 50.02 50.02 50.02 50.02 50.02 50.02 50.02
FII 8.01 7.79 8.58 7.61 5.64 5.69 5.38 5.66 7.05 6.9
DII 0.13 0.15 0.17 0.18 0.27 0.3 0.43 0.47 0.68 0.81
Public 41.84 42.05 41.23 42.19 44.08 44 44.17 43.85 42.26 42.27
Others 0 0 0 0 0 0 0 0 0 0
Total 100 100 100 100 100 100 100 100 100 100

Olectra Greentech News

Olectra Greentech Pros & Cons

Pros

  • Company has delivered good profit growth of 58% CAGR over last 5 years
  • Debtor days have improved from 183.22 to 143.64days.
  • Company is almost debt free.

Cons

  • Company has a low return on equity of 10% over the last 3 years.
  • Stock is trading at 7.5 times its book value.
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