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Olectra Greentech Ltd Performance

Today's Low
1,721.45
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Today's High
1,761.95
52 Wk Low
622.25
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52 Wk High
2,221.95


Open

1751.95

Traded Value (Cr)

84.56 Cr

Prev. Close

1772.5

VWAP

1748.84

Volume

6,26,013

Face Value

4

Olectra Greentech Ltd Fundamentals

Market Cap
₹ 15,349 Cr
P/E Ratio (TTM)
170.31
P/B Ratio
17.59
Debt to Equity
0.15
ROE
8.88 %
EPS (TTM)
10.98
Dividend Yield
0.02%
Book Value
106.31

Click here to know more about Fundamentals

Olectra Greentech Ltd Financials

Olectra Greentech Ltd Financials

Olectra Greentech Ltd Shareholding Pattern

Held By Mar 2024 Dec 2023 Sep 2023 Jun 2023
Promoters 50.02 % 50.02 % 50.02 % 50.02 %
Retail 36.05 % 36.62 % 36.31 % 34.39 %
FII 8.58 % 7.79 % 8.01 % 8.55 %
Others 5.24 % 5.48 % 5.59 % 6.99 %
Mutual Funds 0.11 % 0.09 % 0.08 % 0.06 %

Promoters

50.02%

Retail

36.05%

FII

8.58%

Others

5.24%

Mutual Funds

0.11%

Promoters

50.02%

Retail

36.62%

FII

7.79%

Others

5.48%

Mutual Funds

0.09%

Promoters

50.02%

Retail

36.31%

FII

8.01%

Others

5.59%

Mutual Funds

0.08%

Promoters

50.02%

Retail

34.39%

FII

8.55%

Others

6.99%

Mutual Funds

0.06%

Resistance and Support

₹1,781.52

PIVOT

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Resistance
First Resistance₹1,807.883
Second Resistance₹1,830.117
Third Resistance₹1,856.483
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Support
First Resistance₹1,759.283
Second Resistance₹1,732.917
Third Resistance₹1,710.683
RSI22.788
MACD9.639
ADX16.501
CCI-79.731

Delivery and Volume

PeriodDelivery Volume Traded Volume Delivery Volume %
Day626,013130,86327.15
Week938,685547,61543.49
1 Month1,247,903349,49429.24
6 Months626,013142,10822.70

About Olectra Greentech Ltd

Olectra Greentech Limited (Formerly known as Goldstone Infratech Limited) was incorporated in October 2000, to takeover the telecom business of Goldstone Technologies as part of restructuring programme undertaken by the Goldstone Technologies Ltd.Presently,the Company is primarily engaged in the manufacturing of composite polymer insulators also manufacturing of electrical buses. During the FY2007-08,the company has changed its name from Goldstone Teleservices Ltd to Goldstone Infratech Ltd. Goldstone Infratech Limited (GIL or the Company) and its consolidated subsidiaries are mainly engaged in the business of manufacture of Telecom Cable Jointing Kits and Composite Polymer Insulators with production facilities situated at IDA, Cherlapally, Hyderabad, R.R.Dist., Andhra Pradesh. Consequent to the Amalgamation of M/s Newtech Stewing Telecom Limited, M/s Shree Shree Telecom Private Limited and M/s Sunplast O-Met Limited with the Company as per the approval of Hon'ble High Court of Andhra Pradesh to the Scheme of amalgamation on 30th June, 2009, the Board of Directors of the Company at their meeting held on 28th August, 2009 had allotted 57,432 number of equity shares of Rs.4/- each to the remaining shareholders of M/s Sunplast O-Met Limited. During the year 2009-10,the company has allotted 57,432 Nos. of Equity Shares @ 4/- each amounting to Rs. 2,29,728/- to remaining shares holders of Sun Plast O Met Limited pursuant to Scheme of Amalgamation. The Company has invested Rs 6.00 crore in TF Solar Power Pvt Limited towards Equity Share Capital and allotted 60,00,000 shares of Rs 10/- each on 14.04.2010. The company has acquired 10000 Shares of TF Solar Power Pvt Ltd from its Promoters on payment of 1,00,000/-. During the year 2012-13,the Company had successfully developed and type tested the Cross Arm Insulators for FSC platforms as Import Substitution for the first time in India and further the company had also developed Horizontal Line Post Insulators and became the first company in the country to develop this and got approval of power utilities. Further the Company had successfully produced 765KV Insulators for Transmission Lines. The name of the Company was changed to Olectra Greentech Limited effective 06 July 2018. The change was as a part of corporate rebranding and to reflect the current focus and business activities of the Company. During the FY2018,the company issued and allotted 1,41,00,000 equity shares on preferential basis to non-promoters at a price of Rs.80.10/- each, including premium of Rs. 76.10/- each. In addition, the Company issued, on preferential basis to the Promoter Group, 54,00,000 Convertible warrants of Rs.4/- each at a premium of Rs.76.10/- per warrant. From the FY2018,the company started manufacturing electrical buses. The Company is listed in the National Stock Exchange (NSE) and the Bombay Stock Exchage (BSE). In view of expanding business operations and to meet the capital requirements, the Company has raised funds by allotting 2,65,00,000 Equity Shares and 91,00,000 Convertible Warrants at Rs 175.30/- per share to M/s. MEIL Holdings Limited (MHL), on preferential basis. MHL has also acquired 1,00,00,000 (One Crore only) Equity Shares of the Company from Trinity Infraventures Limited, through share purchase agreement, entered between them. On 30 March 2019 the Company has allotted 27,00,000 Equity Shares to M/s. Goldstone Power Private Ltd (belonging to the Promoter Group), pursuant to the conversion of warrants. The Company incorporated another wholly owned subsidiary namely, Evey Trans Private Limited, on 20 September 2018. OHA Commute Private Limited, a wholly owned subsidiary of Evey Trans Private Limited, has also became the second layer subsidiary of the Company. On 09 April, 2020 the Company has allotted 27,00,000 equity shares to M/s. Goldstone Power Private Limited (belonging to the Promoter Group), pursuant to the conversion of remaining 27,00,000 warrants. Pursuant to resolution passed by the shareholders in their meeting held on 09th September, 2019 and post transfer of the entire equity shareholding (of Evey Trans Private Limited) to MEIL Holdings Limited, Evey Trans Private Limited and Oha Commute Private Limited ceased to be subsidiaries of the Company w.e.f. 13th January, 2020. The Company has subscribed 26% stake in Evey Trans (SMC) Private Limited on 27th January, 2020. As on 31 March 2021, Company has a subsidiary, a Joint Venture and a Associate Company namely TF Solar Private Limited, SSISPL-OGL-BYD Consortium and Evey Trans (SMC) Private Limited respectively. The Company acquired 51% stake in the Evey Trans (GTC) Private Limited on 12th April, 2021.

Managing Director

Founded

2000

NSE Symbol

OLECTRA

Olectra Greentech Ltd Management

NameDesignation
VENKATESWARA PRADEEP KARUMURUChairman / Executive Director
M Gopala KrishnaIndependent Non Exe. Director
B Appa RaoIndependent Non Exe. Director
Gyan Sudha MisraIndependent Non Exe. Director
Chintalapudi Lakshmi KumariIndependent Non Exe. Director
Laxmi Rajam ChilappagariNon-Exec & Non-Independent Dir
Paketi Rajesh ReddyNon-Exec & Non-Independent Dir

Olectra Greentech Ltd News

Olectra Greentech to declare Quarterly Result
On 25 April 2024
Olectra Greentech wins order worth Rs 15 cr from Assam State Transport Corporation
Olectra Greentech wins order from Assam State Transport Corporation
Olectra Greentech bags order for supply of 2,400 electric buses
From Brihan Mumbai Electric Supply & Transport Undertaking
Olectra Greentech hits lifetime high on Rs 4,000-cr order win
Olectra Greentech gained 2.74% to Rs 2,119 after the company secured an order worth Rs 4,000 crore from Brihan Mumbai Electric Supply & Transport (BEST), to supply, operate and maintain 2,400 electric buses.
Olectra Greentech consolidated net profit rises 87.69% in the December 2023 quarter
Sales rise 33.42% to Rs 342.14 crore
Board of Olectra Greentech accepts resignation of director
At meeting held on 27 January 2024
Olectra Greentech Q3 PAT climbs 77% YoY to Rs 27 cr
Olectra Greentech net profit surged 77.18% to Rs 27.11 crore in Q3 FY24 as against Rs 15.30 crore reported in Q3 FY23.
Olectra Greentech to declare Quarterly Result
On 27 January 2024
Olectra Greentech gains on bagging LoA from Vasai Virar City Municipal Corp
Olectra Greentech rose 1.95% to Rs 1,257.80 after the company received letter of award (LoA) from Vasai Virar City Municipal Corporation, Mumbai for supply and maintenance of 40 electric buses.

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Olectra Greentech Ltd FAQ

By opening a demat account and having your KYC papers confirmed online, you may simply purchase Olectra Greentech Ltd shares in BlinkX

The share price of any stock is volatile and changes during the day due to a variety of variables. Olectra Greentech Ltd's share price is ₹1,754.25 as of April 19, 2024

Olectra Greentech Ltd's P/E ratio is 170.31 times as of April 19, 2024.

Olectra Greentech Ltd's most recent financial reports indicate a price-to-book ratio of 17.59, showing the company's stock market valuation in relation to the value of its real assets.

Market capitalisation, often known as market cap, is the market value of all outstanding shares of a publicly listed corporation. Olectra Greentech Ltd's market is 15,349 Cr as on April 19, 2024.

The current financial records of Olectra Greentech Ltd show a 8.88% ROE, showing great financial performance and effective capital utilisation, making it a significant statistic for investors.

The 52-week high/low price of a Olectra Greentech Ltd stock is the highest and lowest price at which it has traded over that period (about one year) and is used as a technical indicator. Olectra Greentech Ltd's 52-week high and low as of April 19, 2024 are ₹1761.95 and ₹1721.45 respectively.

As of the Mar 2024 quarter, the promoter shareholding in Olectra Greentech Ltd stands at 50.02%. During the same period, Institutional Investors have shown a slight increase in their holdings, rising from 7.79% to 8.58%.