Olectra Greentech Limited (OLECTRA) fair value: what the stock is really worth
As of Oct 1, 2026: fair value of Olectra Greentech Limited ₹812, price ₹1,096, upside -25.9%, quality 48 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Oct 1, 2026.
How to read this chart
60‑month range ₹178.14 – ₹2,134 · fair‑value band ₹608.90 – ₹1,015 · the ₹1,096 price screens above the ₹811.87 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Oct 1, 2026.
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Olectra Greentech Limited manufactures and sells electric buses and trucks in India. It operates in two segments, Composite Polymer Insulators and E-Vehicle. The company offers electric tippers.
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Olectra Greentech Limited manufactures and sells electric buses and trucks in India. It operates in two segments, Composite Polymer Insulators and E-Vehicle. The company offers electric tippers. It also provides 1200KV, 330-420KV, 220-245KV, 110-132KV, 52-77KV, 33-36KV, 22-28KV, and 10-15KV composite polymer insulators for transmission and distribution; and tonne, bracket tube, and stay arm insulators for railways. It serves state and central government bodies, and power generation and distribution corporations; private power generation companies; and multinational infrastructure companies. The company was formerly known as Goldstone Infratech Limited and changed its name to Olectra Greentech Limited in July 2018. Olectra Greentech Limited was incorporated in 2000 and is headquartered in Hyderabad, India.
Stock analysis
Olectra Greentech Limited (OLECTRA) currently trades at ₹1,096, while our model-based Fair Value estimate is ₹811.87, 25.9% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of ₹751.75 per share, and 0 of the 15 models we run sit above the ₹1,096 price.
Bear case: the Asset-Based group reads lowest at ₹100.20, and 15 of the 15 models stay below the price. Evidence for this calculation is medium.
Scenario range: ₹608.90 (bear) to ₹1,015 (bull), the price of ₹1,096 sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 48/100 (below-average quality), in the Industrials sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Olectra Greentech Limited reported revenue of ₹23.1B in FY2026 versus ₹5.9B in FY2022, a compound +40.5%/yr. Reported net income was ₹1.8B in FY2026, compounding +49.7%/yr from FY2022.
Key figures
Market cap ₹90.0B (≈ $934M) · P/E ratio 50.7 · P/S ratio 3.89 · EPS (TTM) ₹21.61 · Net margin 7.7% · Return on equity 13.5% · Return on assets (EBIT) 13.6% · Operating margin 9.3%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 50 out of 100 (low confidence).
What moves the price
The share trades about 30% below its 52-week high and 25% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Industrials peers we cover trades at 10% fair-value upside, at −26%, OLECTRA screens richer than that median.
Fair Value models
Bear ₹608.90Fair Value ₹811.87Bull ₹1,015
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model. Based on fiscal year 2026 figures (about 6 months old). Earnings retained since then (₹10.95 per share) are deliberately not added.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Evidence ⓘEvidence = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.62/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+28.2%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+28.5%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+52.4%
Start year 2021 (pandemic). Over 10 years: +37.9% a year
Revenue growth 20 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+24.0%
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What shareholders gained per year (last 5 years), in INR ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Basis: EBIT basis. Measured in INR: this currency has depreciated against the euro and dollar over the long run, so part of the nominal rate is currency erosion that never reaches a EUR/USD investor.
≈ +33.0%
Earnings growth per share plus dividend.
Earnings per share, growth per year+33.0%
Dividend (yield on the price)0.0%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.67.4% vs 29.7%, picking up
Profit margin 2006 to 2026 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.8% → 12%
Start year 2021 (pandemic)
⚠ Rate on operating basis: 2026 sits 131% above its own trend.
Compare Olectra Greentech Limited with another stock
Price, fair value, quality and upside side by side.
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Farm & Heavy Construction Machinery · 146 stocks
Beats the industry median on 6/13 measures
A mixed picture versus its industry peers.
Valuation
Quality Score48 · Below median
Fair Value upside−25.9% · Below median
Profitability
Return on equity (TTM)13.5% · Above median
Return on assets6.7% · Top 25%
Net margin (TTM)7.0% · Above median
Operating margin (TTM)9.3% · Above median
Growth and dividend
Revenue growth65.7% · Top 25%
Dividend yield (TTM)0.1% · Bottom 25%
Balance sheet
Debt / equity0.14× · Below median
Valuation Multiplesvs Farm & Heavy Construction Machinery median · lower = cheaper
P/E (TTM)50.7× · Priciest 25%
P/B7.33× · Priciest 25%
P/S (TTM)3.54× · Priciest 25%
EV/EBITDA25.9× · Priciest 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 37
FUTURE (revenue growth)100· sector 44
PAST (return on equity)54· sector 35
HEALTH (low debt)93· sector 93
DIVIDEND (yield)1· sector 42
VALUE 0: the price sits above our fair-value range.
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Is Olectra Greentech Limited (OLECTRA) overvalued or undervalued?
As of Oct 1, 2026, our model estimates a fair value of ₹811.87 versus a price of ₹1,096, about −26% upside (overvalued).
What is the fair value of OLECTRA?
Our model-based fair value for Olectra Greentech Limited is ₹811.87 (as of Oct 1, 2026), built from audited fundamentals. The current price: ₹1,096.
What is the quality score of OLECTRA?
Olectra Greentech Limited has a Quality Score of 48/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Olectra Greentech Limited (OLECTRA)?
Our model-based price target is the fair value of ₹811.87 (as of Oct 1, 2026) from 15 valuation models. Cautious scenario ₹608.90, optimistic scenario ₹1,015. It is a calculation from audited fundamentals, not an analyst target.
What is the Olectra Greentech Limited stock forecast for 2026?
Our models put fair value at ₹811.87, about −26% upside versus a price of ₹1,096 (overvalued). Cautious scenario ₹608.90, optimistic scenario ₹1,015. The calculation is refreshed regularly with new filings.
What is the revenue of Olectra Greentech Limited (OLECTRA)?
Olectra Greentech Limited reported trailing-twelve-month revenue of about ₹25.4B (latest available figure, as of Oct 1, 2026).
What is the intrinsic value of Olectra Greentech Limited (OLECTRA)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Olectra Greentech Limited it is ₹811.87 per share (as of Oct 1, 2026), against a price of ₹1,096. It is the blended result of 15 valuation models (cash flow, earnings, asset, dividend).
Is Olectra Greentech Limited stock overvalued or undervalued in 2026?
As of Oct 1, 2026, OLECTRA trades above its calculated fair value: price ₹1,096, fair value ₹811.87, a gap of about −26% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of OLECTRA?
No. The price is what the market pays today (₹1,096); the fair value is what the company's own numbers justify (₹811.87). For Olectra Greentech Limited the two are ₹284.33 per share apart. That gap is exactly why we show both numbers side by side.
How much is Olectra Greentech Limited worth?
The market values Olectra Greentech Limited at about ₹90.0B (market capitalisation, as of Oct 1, 2026). Per share that is ₹1,096; our models calculate a fair value of ₹811.87 per share.
What do the bullish and bearish scenarios say about OLECTRA?
Our models span a range for Olectra Greentech Limited: cautious scenario ₹608.90, base ₹811.87, optimistic ₹1,015 per share (as of Oct 1, 2026, price ₹1,096). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of OLECTRA?
Olectra Greentech Limited trades at a price-to-earnings ratio of 50.7 (as of Oct 1, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of ₹811.87 is built from several models across several years. Other multiples: P/B 7.3, P/S 3.5, EV/EBITDA 25.9.
How solid is the balance sheet of Olectra Greentech Limited (OLECTRA)?
Balance-sheet figures for Olectra Greentech Limited (as of Oct 1, 2026): return on equity 13.5%, debt of 0.14 per unit of equity. They feed the Quality Score of 48/100, which measures business quality independently of the share price.
How far is OLECTRA from its 52-week high?
Olectra Greentech Limited trades at ₹1,096, about 30% below its 52-week high of ₹1,563 and 25% above the low of ₹880.45 (as of Oct 1, 2026). Distance from the high says nothing about value: that is what the fair value of ₹811.87 is for.
Which stocks are comparable to Olectra Greentech Limited?
From the same area (Industrials) we also value Caterpillar Inc, Deere & Company, PACCAR Inc, Daimler Truck Holding, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Olectra Greentech Limited stock attractive at the current price?
The data as of Oct 1, 2026: price ₹1,096, calculated fair value ₹811.87 (−26%), Quality Score 48/100, from 15 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of OLECTRA calculated?
We run Olectra Greentech Limited through 15 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of ₹811.87, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 14.5 % above its aggregate fair value. Olectra Greentech Limited itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Olectra Greentech Limited (OLECTRA)?
The closing price on Oct 1, 2026 was ₹1,096. Our model-based fair value is ₹811.87, about −26% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Olectra Greentech Limited right now?
The price sits above even our optimistic bull case (₹1,015). The favourable scenario is already priced in. Solid but not exceptional quality (48/100) and above fair value, neither a clear bargain nor a standout compounder.
Where does the earnings growth of Olectra Greentech Limited (OLECTRA) come from?
Earnings per share at Olectra Greentech Limited grew +27.7 % a year from 2015 to 2026. Broken into its drivers: revenue per share +26.0 %, EBIT margin −5.1 %, tax rate +0.7 %, residual (interest, one-offs) +6.1 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of Olectra Greentech Limited
How large is the market capitalisation of Olectra Greentech Limited (OLECTRA)?
The market capitalisation of Olectra Greentech Limited is ₹90.0B (≈ $934M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Olectra Greentech Limited (OLECTRA)?
The price-to-sales ratio of Olectra Greentech Limited is 3.89 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Olectra Greentech Limited (OLECTRA)?
Earnings per share at Olectra Greentech Limited are ₹21.61 (price ÷ EPS = P/E 50.7). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Olectra Greentech Limited (OLECTRA)?
The net margin of Olectra Greentech Limited is 7.7% (fiscal year 2026). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Olectra Greentech Limited (OLECTRA)?
The return on equity (ROE) of Olectra Greentech Limited is 13.5% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Olectra Greentech Limited (OLECTRA)?
On an EBIT basis the return on assets of Olectra Greentech Limited is 13.6% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Olectra Greentech Limited (OLECTRA)?
The operating margin of Olectra Greentech Limited is 9.3% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Olectra Greentech Limited (OLECTRA)?
Revenue at Olectra Greentech Limited is growing +65.7% versus a year earlier (3y avg +28.5%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Olectra Greentech Limited (OLECTRA)?
Earnings per share at Olectra Greentech Limited are growing −0.3% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Olectra Greentech Limited (OLECTRA) generate?
The free cash flow of Olectra Greentech Limited is −₹1.1B (fiscal year 2026). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does Olectra Greentech Limited (OLECTRA) carry?
The net debt of Olectra Greentech Limited is ₹2.1B (fiscal year 2026). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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