Olectra Greentech is an Indian company that specializes in electric mobility solutions. They are known for their expertise in manufacturing and operating electric buses. Olectra Greentech focuses on developing and providing sustainable transportation options to reduce carbon emissions and promote clean energy.
In this Article we will discuss about Olectra Greentech Share Price Target 2023, 2024, 2025, 2026, 2027, 2028, 2029, 2030.
Table of Contents
Introduction
The company was founded in 2001 and has since been involved in various projects related to electric vehicles (EVs) and renewable energy. They have partnered with international organizations and worked closely with government agencies in India to introduce electric buses in public transportation systems.
Olectra Greentech offers a range of electric buses that cater to different segments, including city buses, intercity buses, and airport shuttle buses. Their buses are designed to be energy-efficient, with advanced features such as regenerative braking and smart charging capabilities.
In addition to manufacturing electric buses, Olectra Greentech also provides end-to-end services such as fleet management, charging infrastructure setup, and maintenance support. They have established strategic partnerships with battery manufacturers and technology providers to ensure the reliability and performance of their electric buses.
Business Model of Olectra Greentech
The business model of Olectra Greentech revolves around the production and operation of electric mobility solutions, with a primary focus on manufacturing electric buses. Here are some key aspects of their business model:
- Manufacturing Electric Buses: Olectra Greentech designs, develops, and manufactures electric buses for various segments, including city transportation, intercity travel, and airport shuttle services. They utilize their expertise in electric vehicle technology to produce energy-efficient and sustainable buses.
- Partnership and Collaboration: Olectra Greentech collaborates with international organizations, government agencies, and technology providers to enhance their offerings. They work closely with battery manufacturers and other strategic partners to ensure the quality and performance of their electric buses.
- End-to-End Solutions: In addition to manufacturing electric buses, Olectra Greentech provides comprehensive solutions to their customers. This includes services like fleet management, charging infrastructure setup, maintenance support, and training for drivers and operators.
- Project Implementation: Olectra Greentech actively participates in the implementation of electric bus projects in collaboration with city transport authorities and government bodies. They assist in planning and executing the transition to electric buses in public transportation systems, contributing to the reduction of carbon emissions.
- Revenue Generation: Olectra Greentech generates revenue through the sale of electric buses to public and private transportation operators. They also earn revenue through long-term contracts for fleet management services, charging infrastructure setup, and maintenance support.
- Sustainable and Green Focus: Olectra Greentech’s business model is aligned with sustainability and environmental goals. By promoting electric mobility solutions, they contribute to reducing air pollution, dependence on fossil fuels, and overall carbon footprint.
- Expansion and Growth: Olectra Greentech aims to expand its market presence and increase its manufacturing capacity to meet the growing demand for electric buses. They focus on research and development to improve their technology and introduce innovative features in their products.
Shareholding of Olectra Greentech
shareholding pattern of Olectra Greentech as of March 31, 2023:
- Promoters – 50.02%.
- Foreign Institutional Investors (FIIs) – 9.03%.
- Mutual Funds – 0.06%.
- Other Domestic Institutions – 0.04%.
- Retail Investors – 40.85%.
Olectra Greentech Share
Olectra Greentech Share listed on the Bombay Stock Exchange (BSE) and National Stock Exchange of India (NSE).
As of June 19, 2023, Olectra Greentech’s share price on the NSE was INR 941.25/- Olectra Greentech Share 52 week high at Rs. 967.70/- & 52 week low Rs.374.10/-. The P/E Ratio of Olectra Greentech is 117.80.
| Company Name | Olectra Greentech |
| Share Name | OLECTRA |
| Sector | EV |
| Headquater | Hyderabad |
| Foundation | 2001 |
| Key Person | Mr. Venkateswara Pradeep Karumuru (CMD) |
| Market Cap | 7,721.33 Crores Rs. |
| Revenue | 1,134.41 Crore Rs |
| Official Website | Click Here |
Olectra Greentech Share Price Target 2023, 2024, 2025, 2026, 2027, 2028, 2029, 2030, 2040, 2050
| Year | First Target | Second Target |
| 2023 | 990 | 1050 |
| 2024 | 1075 | 1580 |
| 2025 | 1610 | 1920 |
| 2026 | 1950 | 2300 |
| 2027 | 2325 | 2650 |
| 2028 | 2680 | 3040 |
| 2029 | 3060 | 3510 |
| 2030 | 3540 | 3900 |
| 2040 | 13500 | 14400 |
| 2050 | 23500 | 25900 |
Note:- “That these share price targets for “Olectra Greentech Share” are only provided for the purpose of reference and that this prediction will only hold true in the event that there is optimism in the market. Any uncertainties regarding the company or the current state of the global market will not be addressed in this analysis.”
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Annual Result Summary of Olectra Greentech
Annual result summary of Olectra Greentech for 2022-23:
- Revenue: Revenue grew by 83.18% to Rs.1,100.82 crores in FY23, compared to Rs.596.31 crores in FY22.
- Profit: Profit after tax (PAT) grew by 337.9% to Rs.66.89 crores in FY23, compared to Rs.19.21 crores in FY22.
- EBITDA: EBITDA grew by 264.6% to Rs.314.25 crores in FY23, compared to Rs.84.81 crores in FY22.
- Order Book: The order book stood at Rs.10,000 crores as of March 31, 2023, which is sufficient for the next 3-4 years.
- Capacity: The company’s total installed capacity is 3,500 buses, and it is expected to increase to 6,000 buses by FY25.
- Exports: Exports grew by 157.9% to Rs.127.21 crores in FY23, compared to Rs.52.02 crores in FY22.
- Debt: Debt-to-equity ratio stood at 0.32 as of March 31, 2023.
Last 5 Year Growth of Olectra Greentech Share
In Last 5 year Olectra Greentech Share give 481.24% returns to its Investors.
| Year | Share Price |
| June- 2019 | 201.20 |
| June- 2020 | 66.50 |
| June- 2021 | 217.70 |
| June- 2022 | 664.15 |
| June- 2023 | 943.35 |
Overall, Olectra Greentech share has seen a positive growth trend over the past 5 years. However, there have been some fluctuations in the growth rate, with the highest growth rate being in 2021.
Key Highlights for Growing Olectra Greentech share price:
- Olectra Greentech’s revenue and profit growth was driven by strong demand for electric buses in India and abroad.
- The company’s order book is at an all-time high, which gives it a strong visibility for future growth.
- Olectra Greentech is expanding its manufacturing capacity to meet the growing demand for electric buses.
- The company is also focusing on exports, and it has already exported buses to several countries.
Olectra Greentech Share Price Target 2023
Olectra Greentech’s share price has grown significantly in the past year. As of June 19, 2023, the share price is trading at Rs. 914.35, up from Rs. 342.95 on June 19, 2022. This represents a growth of 165.4% in the past year.
Olectra Greentech share price target 2023 are as follows –
| Target Year | 1st Target | 2nd Target |
|---|---|---|
| 2023 | ₹990 | ₹1050 |
Olectra Greentech Share Price Target 2024
Olectra Greentech is likely to witness expansion in its market presence, both within India and potentially in international markets. The growing demand for electric buses and the company’s expertise in manufacturing and providing end-to-end solutions position them well for market growth.
Olectra Greentech share price target 2024 are as follows –
| Target Year | 1st Target | 2nd Target |
|---|---|---|
| 2024 | ₹1075 | ₹1580 |
Olectra Greentech Share Price Target 2025
Olectra Greentech has a strong order book. As of March 31, 2023, the company’s order book stood at Rs. 10,000 crores, which is sufficient for the next 3-4 years. This gives investors confidence in the company’s future growth prospects.
Olectra Greentech share price target 2025 are as follows –
| Target Year | 1st Target | 2nd Target |
|---|---|---|
| 2025 | ₹1610 | ₹1920 |
Olectra Greentech Share Price Target 2026
Olectra Greentech is expanding its manufacturing capacity to meet the growing demand for electric buses. The company is currently setting up a new manufacturing plant in Andhra Pradesh, which will have a capacity of 6,000 buses per year. This expansion will help the company meet the growing demand for electric buses in India and abroad.
Olectra Greentech share price target 2026 are as follows –
| Target Year | 1st Target | 2nd Target |
|---|---|---|
| 2026 | ₹1950 | ₹2300 |
Olectra Greentech Share Price Target 2027
The growth of Olectra Greentech’s share price is a positive sign for the company. The company is well-positioned to benefit from the growing demand for electric buses in India and abroad. The company’s strong order book and expansion plans also give investors confidence in its future growth prospects.
Olectra Greentech share price target 2027 are as follows –
| Target Year | 1st Target | 2nd Target |
|---|---|---|
| 2027 | ₹2325 | ₹2650 |
Olectra Greentech Share Price Target 2028
Olectra Greentech is expected to continue investing in research and development to enhance the technology and features of their electric buses. They may introduce innovative advancements such as improved battery technology, increased range, faster charging, and enhanced connectivity features.
Olectra Greentech share price target 2028 are as follows –
| Target Year | 1st Target | 2nd Target |
|---|---|---|
| 2028 | ₹2680 | ₹3040 |
Olectra Greentech Share Price Target 2029
While Olectra Greentech has primarily focused on electric buses, they may explore diversification by venturing into other electric mobility solutions. This could include electric vans, electric trucks, or even electric two-wheelers, expanding their offerings and catering to a broader range of transportation needs.
Olectra Greentech share price target 2029 are as follows –
| Target Year | 1st Target | 2nd Target |
|---|---|---|
| 2029 | ₹2680 | ₹3040 |
Olectra Greentech Share Price Target 2030
As the adoption of electric vehicles grows, Olectra Greentech may play a role in the development of charging infrastructure. They can collaborate with partners to establish a robust charging network, making electric bus operations more convenient and widespread.
Olectra Greentech share price target 2030 are as follows –
| Target Year | 1st Target | 2nd Target |
|---|---|---|
| 2030 | ₹3540 | ₹3900 |
Dividend History of Olectra Greentech Share
Here is a brief overview of Tech Mahindra’s dividend history over the past few years:
- In 2022, Company declared a final dividend of Rs.0.40 per share.
- In 2012, Company declared a final dividend of Rs.0.20 per share.
- In 2011, Company declared a final dividend of Rs.0.20 per share.
- In 2010, Company declared a final dividend of Rs.0.20 per share.
Joint venture & Subsidiaries of Olectra Greentech
Olectra Greentech has the following joint ventures and subsidiaries:
- Olectra-BYD: Olectra Greentech has a joint venture partnership with BYD Auto Industry Co. Ltd., a leading Chinese electric vehicle manufacturer. The joint venture, known as Olectra-BYD, focuses on manufacturing electric buses for the Indian market. Olectra-BYD has played a significant role in introducing electric buses in various cities in India.
- Olectra Renewables: Olectra Greentech has a subsidiary known as Olectra Renewables, which focuses on renewable energy solutions. Olectra Renewables is involved in the development, installation, and operation of solar power plants and other renewable energy projects. The subsidiary aims to support the transition to clean energy sources and complement Olectra Greentech’s electric mobility solutions.
Future Plan of Olectra Greentech
Olectra Greentech has following future plans, including:
- Expanding its manufacturing capacity: The company is currently setting up a new manufacturing plant in Andhra Pradesh, which will have a capacity of 6,000 buses per year. This expansion will help the company meet the growing demand for electric buses in India and abroad.
- Diversifying into other electric vehicles: Olectra Greentech is also looking to diversify into other electric vehicles, such as three-wheelers and trucks. This will help the company to capture a larger share of the growing electric vehicle market.
- Exporting its products: Olectra Greentech is already exporting its products to several countries, and it plans to expand its exports in the future. This will help the company to grow its revenue and profit.
- Investing in research and development: Olectra Greentech is investing in research and development to develop new and innovative electric vehicles. This will help the company to stay ahead of the competition and meet the needs of its customers.
FAQs –
some details about the factors that are contributing to the rise in Olectra Greentech’s share price:
The government of India has announced a number of policies to promote the electric vehicle industry. These policies include subsidies for the purchase of electric vehicles, tax breaks for electric vehicle manufacturers, and the setting up of charging infrastructure.
The International Energy Agency (IEA) has forecast that the global electric bus market will grow at a compound annual growth rate (CAGR) of 12% from 2021 to 2026.
Olectra Greentech is a leading manufacturer of electric buses in India. The company has a strong track record of execution, and it has a team of experienced and dedicated professionals.
Olectra Greentech Company listed in Indian Stock market, You can easily buy share of this company from Zeorodha & Groww app, Link for this app given in above.
Olectra is a well-positioned company with a number of positive factors going for it. However, there are also some risks associated with investing in the company. Investors should carefully consider their individual investment goals and risk tolerance before investing in Olectra.
In year 2023, share price target for Olectra is between Rs.990/- to Rs.1050/-
