Olectra Greentech share price target 2024, 2025, 2026, 2027, 2030 prediction: Buy or Sell?
This post was most recently updated on January 10th, 2024
Olectra Greentech Ltd. is a leading company in the electric mobility and power transmission and distribution sectors in India. The company manufactures electric buses, green tippers, hydrogen buses, and silicone rubber/composite insulators. Olectra Greentech is a subsidiary of Megha Engineering and Infrastructures Ltd. (MEIL), a diversified infrastructure conglomerate. In this article, we will look at Olectra Greentech share price target 2024, 2025, 2026, 2027, 2030.
In this blog post, we will analyze the performance, prospects, and challenges of Olectra Greentech Stock and provide some insights for potential investors. We will also find out whether Olectra Greentech share are a buy or sell.
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Page Contents
Olectra Greentech share price target 2024, 2025, 2026, 2027, 2030
| Year | Minimum Share Price Target | Maximum Share Price Target | Average Share Price Target |
|---|---|---|---|
| 2024 | 1,724.50 | 1,934.64 | 1,829.57 |
| 2025 | 2,155.63 | 2,418.30 | 2,286.96 |
| 2026 | 2,694.53 | 3,022.88 | 2,858.70 |
| 2027 | 3,368.16 | 3,778.59 | 3,573.38 |
| 2028 | 4,210.21 | 4,723.24 | 4,466.72 |
| 2029 | 5,262.76 | 5,904.05 | 5,583.40 |
| 2030 | 6,578.45 | 7,380.07 | 6,979.26 |
| 2031 | 8,223.06 | 9,225.08 | 8,724.07 |
| 2032 | 10,278.82 | 11,531.35 | 10,905.09 |
| 2033 | 12,848.53 | 14,414.19 | 13,631.36 |
Olectra Greentech share price live chart and History
Olectra Greentech Share: Buy or Sell?
Competitors of Olectra Greentech Stock
Olectra Greentech, a prominent player in the electric mobility and power transmission sectors, faces significant competition from a range of companies. Among its key rivals are:
- JBM Auto Ltd.: A leader in the automotive industry, JBM Auto specializes in electric buses, auto components, and tooling systems. In collaboration with Solaris Bus & Coach S.A., a renowned European electric bus manufacturer, they produce electric buses in India under the brand ECO-LIFE. Additionally, their subsidiary, JBM Solaris Electric Vehicles Pvt. Ltd., is dedicated to developing electric mobility solutions, particularly for urban transportation. JBM Auto is traded on the NSE under the symbol ‘JBMA’.
- Ashok Leyland Ltd.: This major commercial vehicle manufacturer offers a diverse range of products, including buses, trucks, defense vehicles, and power solutions. Ashok Leyland’s electric bus lineup, featuring models like CIRCUIT, HYBUS, and SUNSHINE, caters to various segments. The company’s partnership with Siemens Ltd. underscores its commitment to advancing electric public transportation in India. Ashok Leyland is listed on the NSE with the ticker ‘ASHOKLEY’.
- CG Power and Industrial Solutions Ltd.: Renowned for its engineering prowess, CG Power provides solutions across power generation, transmission, and distribution. Its product portfolio includes transformers, switchgears, circuit breakers, and automation products. The company is also a key player in renewable energy, offering products like solar inverters and energy storage systems. CG Power is traded on the NSE under ‘CROMPTON’.
- Salzer Electronics Ltd.: Specializing in electrical products, Salzer Electronics manufactures switches, wires, cables, and more. Their expertise extends to energy management and industrial automation solutions. Through a joint venture with Canada’s Plitron Manufacturing Inc., they produce toroidal transformers in India. Salzer Electronics is listed on the NSE under ‘SALZER’.
In summary, Olectra Greentech competes with several leading companies in electric mobility and power transmission, including JBM Auto Ltd., Ashok Leyland Ltd., CG Power, and Salzer Electronics Ltd.
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Olectra Greentech share price target 2024
| Year | Minimum Share Price Target | Maximum Share Price Target | Average Share Price Target |
|---|---|---|---|
| 2024 | 1,724.50 | 1,934.64 | 1,829.57 |
Olectra Greentech share price target 2024: In 2024, Olectra Greentech’s share price target is expected to have a range between a minimum of ₹1,724.50 and a maximum of ₹1,934.64, with an average target of ₹1,829.57.
Growth Opportunity for Olectra Greentech Stock
Olectra Greentech is poised for significant growth in the burgeoning sectors of electric mobility and power transmission. Key drivers for this growth include:
- Surge in Electric Vehicle Adoption: With government initiatives like FAME-II, National Electric Mobility Mission Plan, GST reduction, and the PLI scheme, India’s EV market is on an upward trajectory. The India Energy Storage Alliance forecasts a CAGR of 36% from 2020 to 2027 in the EV sector, potentially reaching 6.34 million units by 2027. As a leading electric bus manufacturer, Olectra Greentech is well-positioned to capitalize on this trend and gain a substantial market share.
- Green Hydrogen Revolution: The focus on green hydrogen as a sustainable energy source is intensifying, especially for heavy-duty transport and industrial applications. The National Hydrogen Energy Mission by the government endorses the production and usage of green hydrogen. Olectra Greentech, in collaboration with RIL, stands at the forefront of innovating hydrogen buses and green tippers, opening new avenues for revenue.
- Demand in Power Transmission and Distribution: India’s goal to achieve 450 GW of renewable energy capacity by 2030 escalates the need for robust power transmission and distribution infrastructure. Initiatives like the Integrated Power Development Scheme and the Green Energy Corridor are instrumental in this expansion. As the premier manufacturer of silicone rubber/composite insulators, Olectra Greentech’s expertise will be crucial in meeting the growing demand in this sector.
In summary, the growth potential for Olectra Greentech in electric mobility and power transmission is substantial, driven by the rising adoption of EVs, the shift towards green hydrogen, and the increasing need for advanced power transmission and distribution solutions in India.
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Olectra Greentech share price target 2025
| Year | Minimum Share Price Target | Maximum Share Price Target | Average Share Price Target |
|---|---|---|---|
| 2025 | 2,155.63 | 2,418.30 | 2,286.96 |
Olectra Greentech share price target 2025: For the year 2025, Olectra Greentech’s share price target is projected to fall within the range of ₹2,155.63 (minimum) to ₹2,418.30 (maximum), with an average target of ₹2,286.96.
SWOT Analysis of Olectra Greentech Stock
Understanding the strategic positioning of Olectra Greentech is essential for investors and stakeholders. Here’s a comprehensive SWOT analysis:
Strengths:
- Dominance in Electric Buses: With a commanding 70% market share and a robust order book, Olectra Greentech leads the electric bus segment.
- Diverse Portfolio and Global Reach: The company boasts a varied product range in power transmission and distribution, servicing over 40 countries.
- Strategic Alliance with RIL: This partnership focuses on developing hydrogen buses and green tippers, placing Olectra Greentech at the innovation forefront.
- Innovation and Quality Recognition: The company has been acknowledged with multiple awards and certifications, highlighting its commitment to excellence.
Weaknesses:
- Dependency on Government Support: Olectra Greentech’s electric mobility division heavily relies on government policies and subsidies.
- Competitive Market Pressure: The company faces stiff competition in both the electric mobility and power transmission sectors.
- Financial Strains: High debt levels and substantial working capital requirements have led to negative cash flows from operations.
Opportunities:
- EV and Green Hydrogen Market Growth: Rising environmental awareness and cost benefits are driving demand for electric vehicles and green hydrogen, both domestically and internationally.
- Expansion in Power Infrastructure: The push towards renewable energy targets and grid expansion offers substantial growth prospects in power transmission and distribution.
- Diversification into New Markets: There is potential for Olectra Greentech to venture into new segments like electric two-wheelers and cars.
Threats:
- Regulatory and Policy Risks: Changes in government policies could significantly impact the electric mobility sector.
- Technological Shifts: Continuous innovation in the industry poses challenges to existing products and solutions.
- Economic and Pandemic Uncertainties: Global economic fluctuations and pandemic disruptions could adversely affect product demand and supply.
In summary, Olectra Greentech possesses strong market leadership and a diversified portfolio, backed by strategic partnerships and a history of innovation. However, it must navigate challenges like reliance on government policies, intense competition, financial constraints, and the ever-evolving technological landscape. The electric mobility and power transmission sectors present significant opportunities amid potential regulatory and economic threats.
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Olectra Greentech share price target 2026
| Year | Minimum Share Price Target | Maximum Share Price Target | Average Share Price Target |
|---|---|---|---|
| 2026 | 2,694.53 | 3,022.88 | 2,858.70 |
Olectra Greentech share price target 2026: In 2026, Olectra Greentech’s share price target is anticipated to span from a minimum of ₹2,694.53 to a maximum of ₹3,022.88, with an average target of ₹2,858.70.
Olectra Greentech Company Financials
Olectra Greentech’s financial performance for the quarter and year ended September 30, 2023, showcases its profitable growth trajectory. Here are the key financial highlights:
- Revenue Surge: The company’s revenue hit Rs. 3.07 billion, marking a significant year-on-year increase of 73.2% and a sequential growth of 13.1%.
- Net Profit Growth: A remarkable growth in net profit was observed, reaching Rs. 180.59 million. This represents a year-on-year growth of 138.3% and a sequential increase of 16.5%.
- EBITDA Achievement: The EBITDA stood at Rs. 406.51 million, showing a robust year-on-year growth of 105.8% and a sequential rise of 14.9%.
- Net Profit Margin Improvement: An improved net profit margin of 5.88% was reported, up from 4.02% in the same quarter of the previous year and 5.67% in the preceding quarter.
- Enhanced ROCE: The Return on Capital Employed (ROCE) improved to 8.02%, an increase from 4.76% year-on-year and 7.69% from the previous quarter.
- Asset Growth: Total assets reached Rs. 15.89 billion, reflecting a year-on-year growth of 16.1% and a sequential growth of 2.8%.
- Liabilities Status: The total liabilities stood at Rs. 7.14 billion, increasing by 25.4% year-on-year and 4.4% sequentially.
- Equity Expansion: Total equity registered at Rs. 8.74 billion, indicating a year-on-year growth of 8.6% and a sequential growth of 1.5%.
- Cash and Investments: Cash and short-term investments were reported at Rs. 1.77 billion, a year-on-year surge of 48.2% and a sequential increase of 10.1%.
- Operational Cash Flow: The company showed a negative cash flow from operations of Rs. 103.12 million, an improvement from Rs. 748.27 million in the same quarter last year and Rs. 1.21 billion in the previous quarter.
In conclusion, Olectra Greentech’s financials reflect a robust pattern of revenue and profit growth, enhanced margins and returns, and increased assets and equity. However, it’s notable that high debt and working capital demands have led to negative operational cash flows.
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Olectra Greentech share price target 2030
| Year | Minimum Share Price Target | Maximum Share Price Target | Average Share Price Target |
|---|---|---|---|
| 2030 | 6,578.45 | 7,380.07 | 6,979.26 |
Olectra Greentech share price target 2030: In the year 2030, Olectra Greentech’s share price is projected to have a target range between ₹6,578.45 (minimum) and ₹7,380.07 (maximum), with an average target of ₹6,979.26.
Key things to watch out for Olectra Greentech Stock
Olectra Greentech, known for its high-growth potential, operates in a dynamic and competitive sector, making it a high-risk stock. Investors and traders should closely monitor several critical factors that could influence its performance and valuation:
- Government Policies and Regulations: Keep an eye on the evolving government policies and regulations in the electric mobility and power transmission sectors. These can significantly affect the demand for Olectra Greentech’s products and solutions.
- Technological Innovations and Disruptions: Technological advancements in electric mobility and power transmission are crucial. These developments can either pose challenges or present opportunities for Olectra Greentech to strengthen its market position.
- Economic Conditions and Consumer Preferences: Global economic shifts and changing consumer preferences, both in India and internationally, could impact the demand and pricing of the company’s offerings.
- Company’s Financial Health: The financial performance and forecasts from Olectra Greentech are key indicators of its operational efficiency and future growth prospects.
- Stock Market Trends: Monitoring the stock’s technical indicators and market trends is essential to understand market sentiment and the stock’s momentum.
In summary, Olectra Greentech’s position as a high-growth, high-risk stock necessitates careful observation of factors like government policies, technological shifts, economic and consumer trends, financial health, and stock market indicators.
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Final Thoughts on Olectra Greentech share price target 2024, 2025, 2026, 2027, 2030
Olectra Greentech stands out as a compelling investment choice for those targeting environmentally conscious and innovative stocks within the Indian market. As a frontrunner in electric mobility and power transmission and distribution, the company boasts a varied product range, beneficial strategic partnerships, and a history of pioneering innovations. Its strong financial outcomes and potential for growth are anchored in sectors poised for increased demand and governmental support in the foreseeable future.
Yet, investors must be mindful of the challenges and risks Olectra Greentech faces. These include a heavy reliance on government policies, intense market competition, substantial debt and capital needs, along with the potential impact of regulatory changes, technological shifts, and economic fluctuations.
Investors and traders are advised to conduct thorough research and analysis prior to investing in Olectra Greentech Stock. It is essential to stay informed about factors that might influence the company’s performance and stock valuation.
Offering the possibility of significant returns, Olectra Greentech is a high-growth, high-risk investment that embodies both the promise of the future and the realities of the present market.
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FAQs on Olectra Greentech share price target 2024, 2025, 2026, 2027, 2030
What is Olectra Greentech share price target 2024?
In 2024, Olectra Greentech share price target is projected to range from a minimum of ₹1,724.50 to a maximum of ₹1,934.64, with an average target of ₹1,829.57.
What is Olectra Greentech share price target 2025?
In 2025, Olectra Greentech share price target is expected to be in the range of ₹2,155.63 (minimum) to ₹2,418.30 (maximum), with an average target of ₹2,286.96.
What is Olectra Greentech share price target 2026?
For the year 2026, Olectra Greentech share price target is anticipated to vary from a minimum of ₹2,694.53 to a maximum of ₹3,022.88, with an average target of ₹2,858.70.
What is Olectra Greentech share price target 2030?
In 2030, Olectra Greentech share price target is projected to encompass a range between ₹6,578.45 (minimum) and ₹7,380.07 (maximum), with an average target of ₹6,979.26.
