OLECTRAAutomobile and Auto Components

Olectra Greentech Limited

Passenger Cars & Utility Vehicles · ISIN INE260D01016 · BSE 532439 · NSE EQ · FV ₹4
Last price
₹1,186
+1.56%today
What this company does

Olectra Greentech Limited operates in Passenger Cars & Utility Vehicles, part of the Automobile and Auto Components sector. It booked ₹576 cr of revenue in its latest quarter (Q1 FY27) and kept 4.5% of sales as profit. It is the 6th largest of 7 Passenger Cars & Utility Vehicles companies we track, by market value.

The Company is primarily Indian rupees Lakhs, which is the functional engaged in the manufacturing of Composite currency of the company.
In the report:
44out of 100
Equitytale Health Score
Strained

Healthier than 44% of companies in Automobile and Auto Components, on all six measures of filed financials. Each measure is ranked against the 37–48 companies that reported it.

Measures financial condition, not whether to buy. Learn what this score means · How this is calculated

Price momentum
neutral
RSI (14)
32

At close. Not part of the score.

Profitability & returns26

How much profit it earns on the money it employs

Balance sheet40

How much it owes, and whether earnings cover the interest

Cash quality22

Whether reported profit actually arrives as cash

Growth & consistency90

Whether sales and profit have grown, and how steadily

Valuation16

What today's price implies, against our models or its peers

Governance & risk100

How much of the promoters' stake is pledged, and how much they hold · highest in its sector on what we could measure

Is this company doing well?
not investment advice
Strengths
Makes a profit
Sales up 66% vs last year
Promoters hold 50%
No promoter shares pledged
Watch-outs
! Thin 4.5% net margin
! Operating cash flow is negative

What if I invest in OLECTRA?

Set a growth rate and see what a monthly SIP would add up to. Your assumption, our arithmetic.

You would put in
₹12.00 lakh
120 instalments
At 10% a year, it would become
₹20.15 lakh

The starting rate is a round number, not a view on this company — this is your assumption, and the figure above is arithmetic on it. Returns are not steady year to year, and a real holding would not grow in a straight line. We do not publish price targets or predict returns.

Key ratios · latest quarter + price
₹1,186 +1.56%
latest close · 2026-09-17
1-year return
+294.5%
52-wk low ₹29152-wk high ₹1,421
Is it cheap or expensive?
What you pay for the profits, book value and cash flow. Higher isn't automatically worse — it can signal faster growth.
P/E ratio93.8High
LowAverageHigh
P/B ratio7.93High
Below bookModerateHigh
EV / EBITDA35.9High
LowAverageHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity8.5%Fair
WeakFairStrong ▸15%
Return on capital15.2%Strong
WeakFairStrong
Net margin4.5%Thin
ThinDecentStrong
EBITDA margin12.2%Decent
ThinDecentHealthy
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity0.31Comfortable
LowModerateHigh ▸1
Interest cover2.4×Okay
RiskyOkayStrong ▸5×
Current ratio1.58Healthy
Tight ◂1HealthyAmple
More figures
Market cap
₹9,738 cr
Book value
₹150
EPS
₹3.16
latest quarter
Net debt
₹371 cr
owes more than its cash
Enterprise value
₹10,109 cr
EBITDA
₹281 cr
annualised
EBIT
₹223 cr
annualised
Operating margin
9.7%
Return on assets
4.0%
Earnings yield
1.07%
P/S
4.23
Sales / share
₹280.4
Tax rate
25.0%
Face value
₹4
Shares
8.2 cr
Working capital
₹633 cr
Current assets
₹1,734 cr
Current liabilities
₹1,101 cr
Delivery %
41.2%
Strong / safeFairWeak / riskyValuation — a level, not good/badBands are general rules of thumb, not advice.

P/E, ROE, ROCE and margins are annualised from the latest quarter; per-share and balance-sheet ratios use the most recent balance sheet on file · prices as of 2026-09-17.

Worth vs price · from the FY 2025 report & filings
not investment advice
Hard to value confidentlyLow confidence
The market price is far above what these earnings- and book-based models support — a fast-growing or asset-light business can trade well above them for years, so we won't put a confident number on how overpriced it is.
Models span ₹126₹173, midpoint ₹150

An educational model from the company's own filings, every assumption shown — not investment advice or a price target. Prices can stay above or below any model for years.

P&L · Q1 FY27 (consolidated)
Revenue from Operations₹576 cr
Other Income₹2 cr
Total Income₹578 cr
Cost of Materials₹436 cr
Purchases of Stock-in-Trade₹0 cr
Inventory Change (±)₹-6 cr
Employee Benefit Expense₹22 cr
Finance Costs₹24 cr
Depreciation & Amortisation₹15 cr
Other Expenses₹56 cr
Total Expenses₹545 cr
Profit before Tax₹32 cr
Tax Expense₹8 cr
Share of JV / Associates₹3 cr
Net Profit₹27 cr
Net margin on total income4.6%
Where the money goes · Q1 FY27
% of total income
Materials + stock-in-trade₹429 cr74.0%
Employee benefit expense₹22 cr3.9%
Finance costs₹24 cr4.1%
Depreciation & amortisation₹15 cr2.5%
Other expenses₹56 cr9.6%
Tax expense₹8 cr1.4%
Profit for the period₹27 cr4.6%
Total income ₹578 cradds up to ₹100 ✓
Quarterly results · consolidated (₹ cr)
MetricQ3 FY26Q4 FY26Q1 FY27
Revenue664 cr645 cr576 cr
Total income667 cr646 cr578 cr
Expenses603 cr571 cr545 cr
Profit before tax64 cr80 cr32 cr
Tax17 cr22 cr8 cr
Net profit (owners' share)47 cr57 cr26 cr
Net margin (owners' share, on revenue)7.0%8.9%4.5%
EPS (₹)5.656.763.16
YoY (latest quarter): total income +63.8% · net profit -0.3%
Balance sheet & cash flow · as of Mar 2026
Low debt
Total assets
₹2,567 cr
Shareholder equity
₹1,228 cr
parent shareholders
Total debt
₹380 cr
Cash
₹10 cr
Cash flow · H1 FY26
Operating
₹-31 cr
Investing
₹-50 cr
Financing
₹86 cr
Peer comparison
Passenger Cars & Utility Vehicles · by market value
CompanyPriceMarket capP/E
Maruti Suzuki India Limited₹12,338₹3.88 L cr28.1
Mahindra & Mahindra Limited₹3,077₹3.44 L cr15.8
Hyundai Motor India Limited₹2,160₹1.76 L cr49.4
Tata Motors Passenger Vehicles Limited₹315₹1.16 L cr37.4
FORCE MOTORS LTD₹17,650₹23,263 cr26.8
Olectra Greentech Limitedthis company₹1,186₹9,738 cr93.8
Mercury Ev-Tech Limited₹41₹776 cr
Same industry · latest reported numbers · not a recommendation.
Corporate actions
Dividend yield
0.03%
trailing 12 months
Dividend / share (TTM)
₹0.4
Last dividend
₹0.4
ex 19 Sep 2025
ActionDetailEx-date
Dividend₹0.4 / share19 Sep 2025
Dividend₹0.4 / share19 Sep 2024
Dividend₹0.4 / share21 Sep 2023
Dividend₹0.4 / share20 Sep 2022
Dividend₹0.2 / share20 Sep 2012
Who owns it · 2026-06-30
No pledge
Promoter
50.0%
FII / Foreign
8.0%
DII / Domestic
0.6%
Retail / others
41.5%
Smart-money activity
Insider trades
SoldP S PARTHASARATHY · Promoter Group5,000 · ₹43.2 L4 Feb 22
SoldL P Sashikumar · Promoters15,000 · ₹1.3 cr15 Dec 21
SoldP S PARTHASARATHY · Promoter Group5,000 · ₹44.4 L15 Dec 21
Bulk / block deals
short · NSE2228 Aug 26
short · NSE25527 Aug 26
short · NSE4,14826 Aug 26
Stake changes
SoldGyanmay Investment Advisors LLP→ 4.96% · 1.50 L12 Oct 21
SoldGoldstone Power Private Limited · promoter→ 1.32% · 28.20 L8 Sep 21
SoldTrinity Infraventures Limited · promoter→ 0.00% · 1.77 L8 Sep 21
Promoter pledges
ReleasedREC Ltd6.38 L · 1.55% held8 Jan 26
ReleasedShine Star Build Cap Pvt Ltd12.22 L · 1.49% held16 Feb 21
ReleasedShine Star Build Cap Pvt Ltd50,000 · 1.55% held21 Dec 20
What shareholders were asked to approve
1 proposal passed only on promoter votes

A company cannot decide everything on its own. Things like a top executive’s pay, issuing new shares, or re-appointing a director have to be put to the people who own the company, and they vote — one vote per share. So whoever owns the most shares has the most say.

Postal ballot · 23 Dec 2025
See the official result
1
REGULARISATION OF MR. MAHESH BABU SUBRAMANIAN (DIN: 08736697) AS DIRECTOR OF THE COMPANY.
Backed by 75% of shareholders other than promotersneeded 50%
56.18 L votes for, 19.18 L against · 37% of mutual funds and other big investors said no
2
APPOINTMENT OF MR. MAHESH BABU SUBRAMANIAN (DIN: 08736697), AS A MANAGING DIRECTOR OF THE COMPANY.
⚑ Passed only because promoters voted yes
Backed by 47% of shareholders other than promotersneeded 75%
35.77 L votes for, 39.59 L against · 77% of mutual funds and other big investors said no
3
RE-APPOINTMENT OF MRS. CHINTALAPUDI LAKSMI KUMARI (DIN: 09023799) AS AN INDEPENDENT DIRECTOR OF THE COMPANY.
Backed by 98% of shareholders other than promotersneeded 75%
74.13 L votes for, 1.23 L against · 2% of mutual funds and other big investors said no

Every vote count above is taken from the result the company filed with the stock exchange, certified by an independent counter. To work out what would have happened without the promoters, we simply remove their votes and re-apply the same legal bar the proposal had to clear. Nothing here is an estimate or an opinion.

Who controls this company, and what it pays them

Most Indian companies are controlled by a family or group — the promoters. The exchange requires them to be listed by name, including members who own no shares at all, and requires the company to disclose any business it does with them.

The promoter group — 1 named members
owning 50.0% between them · as of 2026-06-30
MEIL HOLDINGS LIMITED50.02%
Business done with them
FY2024 · 1 of the group
The company paid ₹2 cr to companies in the promoter group last year — about 0.1% of its ₹1,154 cr revenue.
MEIL HOLDINGS LIMITED
Other payments to them
also owns 50.02% of the company
₹2 cr
company paid

The company also transacted with 18 other related parties — subsidiaries, joint ventures, directors and others — that we could not match by name to the promoter list above. Some may still be connected to the family; we only count the ones the filings let us match with certainty.

Names and holdings from the company’s shareholding pattern filed with the exchange; transactions from the related-party note in its annual report. Every figure is as filed — these are legal, disclosed dealings, and what to make of them is your call.

Money it raised, and what it did with it

When a company raises money from investors, it has to say up front what the money is for. The rules then make it report, every three months until the money is gone, how much of each of those things it has actually paid for — so a promise made while asking for the money can be checked afterwards.

₹16 cr raised in Apr 2019 by selling shares to selected investors

The company has not broken this money down into purposes in its filing for Mar 2025, so there is nothing to measure it against yet.

₹16 cr raised in Mar 2019 by selling shares to selected investors

The company has not broken this money down into purposes in its filing for Mar 2025, so there is nothing to measure it against yet.

Every figure above is taken from the statement the company files with the stock exchange each quarter, for as long as money it has raised remains unspent. The only thing we work out is how much of each stated purpose has been paid for — one number divided by another from the same filing. Whether a plan that changed was a good change is not something a filing can tell you. See the filing

How the stock has moved · adjusted for splits & bonuses
Data from primary exchange filings · analysis tool, not investment advice.