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Olectra Greentech Limited (OLECTRA) Fair Value & Analysis

Industrials · IN · Market cap ₹123B

OG Olectra Greentech Limited OLECTRA · NSE
Price₹1,320
Fair Value₹811.87
Upside-38.5%
Quality48/100
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Expensive Growth
Thin margins · 2.0% net margin
Low debt · negative free cash flow
Mixed vs. peers (7/12)
Narrow moat 44/100
Evidence: High Range ₹608.90 – ₹1,015 Share as image

Fair value as of: Aug 13, 2026

From 17 valuation models · updated 4 days ago

Fair value updated Aug 13, 2026, revised from ₹454.11 to ₹811.87 (+78.8%) since Aug 8, 2026. Share price −2.0% over the past month.

Below-average quality, and screening another 39% overvalued on our models.

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What matters 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.
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Price vs Fair Value (5 years)

₹2,134 ₹170.70 Fair Value ₹811.87 Apr 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.

How to read this chart

60‑month range ₹170.70 – ₹2,134 · fair‑value band ₹608.90 – ₹1,015 · the ₹1,320 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 Aug 13, 2026.

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Analysis

Olectra Greentech Limited (OLECTRA) currently trades at ₹1,320, while our model-based Fair Value estimate is ₹811.87, implying the stock looks roughly 38.5% overvalued today. The Quality Score stands at 48/100 (below-average quality), in the Industrials sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).

Over the trailing twelve months, Olectra Greentech Limited generated revenue of ₹1.7B at a net margin of 2.0%. Revenue grew 43.3% year over year. It earns a return on equity of 13.5%. Net debt stands at ₹2.1B. Fundamentals as of Aug 13, 2026

Our scenario range runs from ₹608.90 (bear case) to ₹1,015 (bull case); at ₹1,320, the current price sits above that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 23% below its 52-week high and 52% above its 52-week low, currently above its 200-day average. For context, the median of 10 Industrials peers we cover trades at -16% fair-value upside, at -39%, OLECTRA screens richer than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model 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. Evidence
Highest evidence
Residual Income ₹147.43 ₹200.77 ₹687.19 76
ROIC Compounder ₹338.98 ₹511.47 ₹626.21 72
Gordon GGM ₹0.8100 ₹1.68 ₹2.66 70
All 17 models by family
DCF Models
Owner Earnings ₹121.02 ₹275.17 ₹598.76 31
Earnings-Based
Graham-Dodd ₹147.05 ₹1,025 ₹1,439 54
Lynch FV ₹420.96 ₹601.37 ₹781.78 50
PEG = 1.0 ₹420.96 ₹601.37 ₹781.78 46
EPV ₹253.67 ₹295.92 ₹332.88 59
Dividend Discount
Gordon GGM ₹0.8100 ₹1.68 ₹2.66 70
DDM Multi-Stage ₹0.8100 ₹1.42 ₹1.76 61
Multiples
P/E Multiple ₹340.58 ₹454.11 ₹567.64 63
P/S Multiple ₹275.71 ₹367.61 ₹459.52 58
P/B Multiple ₹275.71 ₹367.61 ₹459.52 55
EV/EBIT ₹443.01 ₹590.62 ₹738.23 53
EV/EBITDA ₹392.02 ₹522.64 ₹653.25 54
EV/Revenue ₹316.24 ₹451.70 ₹587.15 43
Asset-Based
NCAV (Graham) ₹74.78 ₹100.20 ₹149.56 50
Economic Profit
Residual Income ₹147.43 ₹200.77 ₹687.19 76
ROIC Compounder ₹338.98 ₹511.47 ₹626.21 72
Growth Earnings
Growth-Adj P/E ₹526.22 ₹751.75 ₹977.27 68

Widest divergence: Growth Earnings (₹751.75) versus Dividend Discount (₹1.42). Highest evidence: Residual Income (76).

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Key figures & financial health

Revenue (TTM) ₹1.7B
Revenue growth (YoY) +43.3%
Net margin 2.0%
Return on equity 13.5%
Free cash flow −₹1.1B FY2026
P/E ratio 60.9
More key figures
Operating margin 13.8%
EPS (TTM) ₹21.68
EPS growth (YoY) +164%
Net debt ₹2.1B FY2026

Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 48/100

Of which business quality 47 · Market factors (momentum, volatility) 54

Profitability 47
Margins and returns on capital today
Quality Growth 59
Are margins and returns improving?
Cashflow 6
Earnings quality: real cash, not paper profit
Fin. Strength 63
Balance sheet, leverage, solvency risk
Investment 38
Disciplined investing over empire-building
Low Volatility 69
Calm price path (market factor)
Momentum 53
Price trend over the last 3–12 months (market factor)
52W Momentum 38
Distance to the 52-week high (market factor)
Net Issuance 82
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

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.

Full company description

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.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

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.

Growth Quality 62/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2026)
₹23.1B
Latest YoY
+28.2%
Avg. growth/yr (3Y) 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.
+28.5%
Avg. growth/yr (5Y) 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.
+52.4%
Avg. growth/yr (20Y) 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.
+24.0%
Revenue +40.5%/yr
FY22 ₹5.9B
FY23 ₹10.9B
FY24 ₹11.5B
FY25 ₹18.0B
FY26 ₹23.1B
Net income +49.7%/yr
FY22 ₹354M
FY23 ₹656M
FY24 ₹768M
FY25 ₹1.4B
FY26 ₹1.8B
Character of growth · EPS growth decomposed (2015-2026) +27.7 % p.a.
Revenue per share +26.0 pp

of which total revenue +38.0 pp · buybacks/dilution −12.0 pp

EBIT margin −5.1 pp
Tax rate +0.7 pp
Residual (interest, one-offs) +6.2 pp

Absolute contributions in percentage points per year; they sum to the EPS growth rate. Start and end points are 3-year averages (details on hover).

OLECTRA screens 39% overvalued. Compare with Caterpillar Inc →

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Cite: Fair Value Calculator (2026). "Olectra Greentech Limited Fair Value". https://www.fairvalue-calculator.com/stock/OLECTRA

Peer Group

Farm & Heavy Construction Machinery · 150 stocks

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.

Quality Score 48 · Below median
Fair Value upside −39% · Below median
Return on equity (TTM) 14% · Above median
Return on assets 7% · Top 25%
Net margin (TTM) 2% · Below median
Operating margin (TTM) 14% · Top 25%
Revenue growth 43% · Top 25%
Debt / equity 0.14× · Lower than median

Valuation Multiples vs Farm & Heavy Construction Machinery median · lower = cheaper

P/E (TTM) 60.9× · Pricier than 75% of peers
P/B 0.11× · Cheaper than 75% of peers
P/S (TTM) 0.76× · Cheaper than median
EV/EBITDA 13.4× · Pricier than median

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 0 · sector 21
FUTURE 100 · sector 31
PAST 54 · sector 34
HEALTH 93 · sector 93
DIVIDEND 0 · sector 45

VALUE 0: the price sits above our fair-value range.

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Farm & Heavy Construction Machinery stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).

Stock Price Fair Value vs Fair Value
Caterpillar Inc CAT $855.60 $307.83 -64%
Deere & Company DE $619.77 $182.29 -71%
AB Volvo (publ), VOLVA kr 344.00 kr 288.08 -16%
PACCAR Inc PCAR $131.06 $94.80 -28%
Epiroc AB EPIA kr 254.50 kr 144.14 -43%
Sany Heavy Industry Co 600031 ¥18.91 ¥20.84 +10%
XCMG Construction Machinery Co 000425 ¥8.25 ¥11.79 +43%
Sinotruk (Hong Kong) Limited 3808 HK$41.42 HK$53.57 +29%
Yutong Bus Co 600066 ¥28.69 ¥42.00 +46%
Ashok Leyland Limited ASHOKLEY ₹176.70 ₹118.01 -33%

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Frequently asked questions

Is Olectra Greentech Limited (OLECTRA) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of ₹811.87 versus a price of ₹1,320, about −39% (overvalued).
What is the fair value of OLECTRA?
Our model-based fair value for Olectra Greentech Limited is ₹811.87 (as of Aug 13, 2026), built from audited fundamentals. The current price is ₹1,320.
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 revenue of Olectra Greentech Limited (OLECTRA)?
Olectra Greentech Limited reported trailing-twelve-month revenue of about ₹1.7B (latest available figure, as of Aug 13, 2026).
What is the net profit margin of OLECTRA?
The net profit margin of Olectra Greentech Limited is about 2.0%, meaning it keeps roughly 2.0% of revenue as net income. Based on the latest reported figures.

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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