Established in 2002 and started manufacturing electric vehicles around 2016, Olectra Greentech bus company has delivered over 1000 electric buses covering over 9 crores km on the roads of India.
Olectra Greentech share price target 2024 has been on a rising trend over the years and increased by 46% in 2024, going up from Rs 1373 in 2010.
Let’s take a look at the factors that will affect Olectra Greentech Share price target 2025 and in the coming years.
Olectra Greentech Latest News
Shares of Olectra Greentech gained 150% on the Olectra Greentech share price target 2030 gained 46% since January 1, 2024. The Vasai Virar City Municipal Corporation has awarded a contract of 62 crores for supply and maintenance of 40 electric buses.
According to the company's stock exchange filing, the July-September quarter results showed a 77% increase in the net profit to Rs 27.11 crore, while the revenue increased by 33% to Rs 342,14 crore.
In July this year, the company won a contract of 395 crores for the greenfield electric vehicle manufacturing in the Telangana state.
The company also won a gross cost contract of approximately 10,000 crore rupees based on an OPEX model for a 12-year period.
Olectra Greentech Share Price Target (2024)
Month (2024) | Maximum Target | MinimumTarget |
January | Rs - | Rs - |
February | Rs 2200.56 | Rs 2166.67 |
March | Rs 2306.90 | Rs 2100.34 |
78April | Rs 2381.23 | Rs 2286.76 |
May | Rs 2377.78 | Rs 2278.12 |
June | Rs 2489.00 | Rs 2387.78 |
July | Rs 2540.21 | Rs 2447.67 |
August | Rs 2484.67 | Rs 2387.00 |
September | Rs 2579.89 | Rs 2476.34 |
October | Rs 2530.09 | Rs 2435.22 |
November | Rs 2663.67 | Rs 2566.78 |
December | Rs 2622.23 | Rs 2565.23 |
(Expert Advice is recommended before making any investment-related commitment)
Olectra Greentech Share Price Target (2025)
Month (2025) | Maximum Target | Minimum Target |
January | Rs 2700.34 | Rs 2612.56 |
February | Rs 2724.90 | Rs 2655.90 |
March | Rs 2899.23 | Rs 2689.23 |
April | Rs 2888.67 | Rs 2600.56 |
May | Rs 2824.89 | Rs 2746.90 |
June | Rs 295834 | Rs 2745.00 |
July | Rs 2817.53 | Rs 2728.02 |
August | Rs 2886.71 | Rs 2777.04 |
September | Rs 3036.88 | Rs 2790.50 |
October | Rs 3056.90 | Rs 2733.20 |
November | Rs 3103.00 | Rs 2867.11 |
December | Rs 3302.32 | Rs 2878.56 |
(Expert Advice is recommended before making any investment-related commitment)
Olectra Greentech Share Price Target (2026 to 2030)
Year | Maximum Target | Minimum Target |
2026 | Rs 3767.34 | Rs 3145.38 |
2027 | Rs 4212.89 | Rs 3609.12 |
2028 | Rs 4699.23 | Rs 4101.68 |
2029 | Rs 5136.88 | Rs 4548.00 |
2030 | Rs 5800.45 | Rs 5361.23 |
31(Expert Advice is recommended before making any investment-related commitment)
Olectra Greentech Financials (2023)
Revenue | 3.07 Billion INR | ⬆ 73.20% YOY |
Operating expense | 459.16 Million INR | ⬆ 26.09% YOY |
Net Income | 180.59 Million INR | ⬆ 138.31% YOY |
Net Profit Margin | 5.88 | ⬆ 37.70% YOY |
Earnings Per Share | ⬆ 21.63% | |
EBITDA | 406.51 Million INR | ⬆ 105.78% |
Effective Tax Rate | 30.07% | |
Total Assets | 15.57 Billion INR | ⬆ 30.78% YOY |
Total Liabilities | 7.16 Billion INR | ⬆ 73.26% YOY |
Total Equity | 8.41 Billion INR |
|
Return on assets | 4.92% |
|
Return on Capital | 7.43% |
|
P/E Ratio |
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Dividend Yield |
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Olectra Greentech LTD Shareholding Pattern
Promoters: 50.02%
FII: 7.78%
DII: 0.04%
Mutual Funds: 0.09
Retail & Others: 42.07%
Olectra Greentech LTD Competitors (Market Cap: 16,414.10 crores INR)
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Centrum Electron (Market Cap: 2058 crores INR)
Points to consider before investing in Olectra Greentech NSE Stock
Olectra Greentech profit increased by 16% year-on-year and registered a profit of Rs 5.190 crore in FY2023. Olectra Greentech share price target 2026 on the NSE are promising as it will benefit greatly from its position as one of the top manufacturers of electric vehicle bus in India. The Indian Government's initiatives to make the public transport more eco-friendly and affordable for commuters will further boost the company's stock prospects in the near future.
In FY2023, Electra Greentech received contacts of over 8000 buses for the supply and maintenance of Public Sector Electric buses in various metropolises of India. Olectra Greentech Limited aims to attract investors through diversification of its portfolio of electric vehicle companies, which includes manufacturing of buses, hydrogen powered electric buses, and three wheeler electric vehicles. In Q3-2023, the company's revenue increased by 33% to Rs. 342.14 crore. In FY20, the company's net profit was Rs. 27.11 crore.
Conclusion
Since January 10th, 2019, the share price has increased by 881 percent on the NSE. Over the last 5 years of trading on the NSE, Olectra shares have increased by 331 percent and 89 percent respectively.
In order to make an informed investment decision, it is recommended that an investor thoroughly researches various market factors like the company's last year's earnings, dividend yield and future projects. Olectra Greentech share price target 2027
Over the past 5 years, the share price on the NSE has risen by 331 percent and over the past 5 years it has increased by 89 percent. Over the past year, the NSE Share Price on Olectra GREENTECH Limited has risen by 89 percent and over the last 5 years on the NSE (January 10th, 2019).
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