Olectra Greentech Ltd.
NSE: OLECTRAOlectra Greentech Ltd.: A 30-second snapshot
Olectra Greentech trades at ₹1,294.40, up 14.9% over 12 months and 26.6% over the past 3 months, currently above its 50-DMA (₹1,102) and 200-DMA (₹1,282). The company operates in the electric bus and EV segment within the Auto sector, reporting 28.8% 5-year revenue CAGR but a near-zero 5-year earnings CAGR of 0.2%, with a profit margin of 2.01% and a debt-to-equity ratio of 32.54. At a PE of 74.4, it trades at a significant premium to all five Auto-sector peers, the highest-valued stock in a peer group where the next-most-expensive trades at 36.9x earnings.
P/E
74.4
Forward P/E
—
ROE
—
Debt / Equity
32.54
Profit Margin
+2.0%
Div. Yield
+0.0%
5Y ROE > 15%
0/5
5Y FCF > 0
2/5
Quality
40/100
Recent context
- ·No news articles were retrieved for the analysis period, leaving the near-term catalyst landscape unassessed from this data run.
- ·The stock sits 24.5% below its 52-week high of approximately ₹1,715, having rallied strongly over the past 3 months; nearest resistance is identified at ₹1,307, approximately 1% above current price.
- ·The divergence between 28.8% revenue growth and near-flat earnings growth over 5 years has been a consistent feature of the company's financial history, reflecting a business model where scale has not yet driven operating leverage.
Strengths
- +Revenue CAGR of 28.8% over 5 years reflects rapid top-line expansion, positioning the company among faster-growing names in the Auto sector.
- +Price is above both the 50-DMA (₹1,101.69) and 200-DMA (₹1,282.03), and RSI of 60.3 is in neutral territory with no overbought signal at current levels.
- +The stock has recovered 26.6% over the past 3 months from a trough, narrowing the gap to its 52-week high of approximately ₹1,715.
- +Operating in the electric bus segment aligns the company with government fleet electrification mandates, providing potential structural volume visibility that pure-ICE peers do not have.
Weaknesses
- −D/E of 32.54 is the most immediate structural concern — this leverage level is extreme for a non-financial industrial and is on a rising trend, amplifying exposure to interest-rate and refinancing risk.
- −Profit margin of 2.01% at the current debt load leaves almost no earnings buffer; FCF was positive in only 2 of the available years, indicating the business has not yet consistently converted revenue to free cash.
- −Quality score of 36 ranks 5th of 6 in the Auto peer group, with ROE data unavailable and zero years of ROE above 15%, pointing to a weak return-on-capital profile relative to sector peers.
- −PE of 74.4 ranks last (most expensive) in the 6-stock Auto peer group, versus a peer range of 21.1–36.9x, representing a 100–250% valuation premium to sector names with stronger balance sheets and margins.
Open questions
- ?At what revenue scale and margin level would the current debt-to-equity ratio become self-sustaining — and what assumptions about order book conversion underpin that scenario?
- ?How much of the PE premium to Auto peers reflects EV-sector re-rating versus expectations of margin recovery, and how sensitive is that premium to a delay in government fleet electrification orders?
- ?Given that FCF was positive in only 2 of the available years, what is the company's funding runway and refinancing schedule for its current debt obligations?
- ?Does the 28.8% revenue CAGR represent a durable structural shift in electric bus adoption, or is it concentrated in a small number of large state transport undertaking contracts that introduce lumpy revenue risk?
Peer comparison: Auto
Ranks 5 of 6 on quality| Symbol | Name | P/E | ROE | Quality |
|---|---|---|---|---|
| OLECTRA | Olectra Greentech Ltd.You're viewing | 74.4 | — | 36 |
| Industry avg | across 5 peers | 29.1 | +20.4% | 49 |
| EICHERMOT | Eicher Motors Ltd. | 36.9 | — | 60 |
| BAJAJ-AUTO | Bajaj Auto Ltd. | 27.4 | +28.1% | 55 |
| M&M | Mahindra & Mahindra Ltd. | 21.1 | +18.8% | 52 |
| TMPV | Tata Motors Passenger Vehicles Ltd. | 31.9 | — | 46 |
| MARUTI | Maruti Suzuki India Ltd. | 28.5 | +14.4% | 31 |
Technical state
Current price
₹1,294.40
SMA 50
₹1,101.69
SMA 200
₹1,282.03
RSI (14)
60.3 (neutral)
From 52w high
-24.5%
1Y return
+14.9%
3M return
+26.6%
50-DMA
Above
200-DMA
Above
Algorithmic support levels
Algorithmic resistance levels
Risk flags
- highDebt-to-equity of 32.54 is extreme for a non-financial industrial company; debt trend is rising, raising solvency and refinancing risk.
- highProfit margin of 2.01% combined with D/E of 32.54 means even a minor revenue shortfall could compress earnings to zero or negative; FCF was positive in only 2 of available years.
- highPE of 74.4 ranks 6th of 6 in the Auto sector; sector peers range from 21.1 (M&M) to 36.9 (Eicher), making OLECTRA trade at a 100–250% premium to established Auto names with materially stronger fundamentals.
- mediumQuality score of 36 ranks 5th of 6 in the Auto peer group; ROE data unavailable (0 years above 15%), and 5-year earnings CAGR of 0.2% contrasts with 5-year revenue CAGR of 28.8%, indicating margin erosion at scale.
- lowZero news articles retrieved for the analysis period; sentiment and recent catalysts cannot be assessed from available data.
Cross-section contradictions
- Revenue has grown at 28.8% CAGR over 5 years yet 5-year earnings CAGR is 0.2%, suggesting the growth story has not translated to profitability — but the stock has gained 14.9% over 12 months and 26.6% over 3 months, implying the market is pricing future margin improvement that is not yet visible in the numbers.
- Price is currently above both the 50-DMA (₹1,101.69) and 200-DMA (₹1,282.03), suggesting near-term technical strength, despite the stock sitting 24.5% below its 52-week high and carrying fundamental quality metrics that rank last in its peer group.
For informational purposes only. Not investment advice. VivaTrades is not a SEBI-registered Investment Adviser or Research Analyst. Market data sourced from public feeds; consult a registered adviser before any investment decision.
Fundamentals & technicals: refreshed 25 Jun 2026 · refreshed daily at 01:00 IST
AI synthesis (narrative, snapshot, strengths/weaknesses, peer ranking): generated 12 May 2026 · rotates through NIFTY 500 every ~5 days