Should I buy Olectra Greentech stock in 2025? (India Analysis)
Is Olectra Greentech stock a buy right now?
ScoreAs of May 2025, Olectra Greentech trades near ₹1,286 per share on the NSE, maintaining an average daily volume of approximately 475,200 shares—evidence of enduring market attention. Recent months have brought a pronounced rebound: after a period of subdued performance, the stock surged over 17% weekly, driven by robust Q3 financials (revenue and net profit up 51% and 72% YoY, respectively) and the unveiling of Blade Battery technology promising longer range and faster charging for its electric buses. Olectra’s substantial order book—over 10,000 e-buses—and expansion plans to double manufacturing capacity underscore investor optimism. Sector sentiment remains constructive, buoyed by India's ambitious diesel-to-electric bus conversion targets, and Olectra’s secure lead as the nation’s largest pure e-bus manufacturer. Recent positive order wins, such as with HRTC and Northwest Karnataka, indicate ongoing growth momentum, while the government’s continued EV push bodes well for the medium term. Despite a high valuation (P/E 80.2), the company’s growth profile, technological upgrades, and supportive policy environment appeal to many large institutional analysts. The consensus target price from over 29 national and international banks is set at ₹1,672, reflecting faith in Olectra’s ability to execute its ambitious production ramp up. For investors attentive to the sector’s long-term evolution, Olectra Greentech is a stock to closely watch.
- ✅India’s largest pure e-bus manufacturer with more than 10,000 orders in hand.
- ✅Revenue and net profit grew over 50% and 70% YoY in latest quarters.
- ✅Strong policy tailwind: government aims to convert 800,000 buses to electric.
- ✅Proprietary Blade Battery tech promises longer range and faster charging.
- ✅Expanding manufacturing capacity with new state-of-the-art Hyderabad plant.
- ❌High valuation: current P/E is far above sector median, requires strong sustained growth.
- ❌Occasional shortfalls in meeting delivery targets; execution will remain under scrutiny.
- ✅India’s largest pure e-bus manufacturer with more than 10,000 orders in hand.
- ✅Revenue and net profit grew over 50% and 70% YoY in latest quarters.
- ✅Strong policy tailwind: government aims to convert 800,000 buses to electric.
- ✅Proprietary Blade Battery tech promises longer range and faster charging.
- ✅Expanding manufacturing capacity with new state-of-the-art Hyderabad plant.
Is Olectra Greentech stock a buy right now?
Score- ✅India’s largest pure e-bus manufacturer with more than 10,000 orders in hand.
- ✅Revenue and net profit grew over 50% and 70% YoY in latest quarters.
- ✅Strong policy tailwind: government aims to convert 800,000 buses to electric.
- ✅Proprietary Blade Battery tech promises longer range and faster charging.
- ✅Expanding manufacturing capacity with new state-of-the-art Hyderabad plant.
- ❌High valuation: current P/E is far above sector median, requires strong sustained growth.
- ❌Occasional shortfalls in meeting delivery targets; execution will remain under scrutiny.
- ✅India’s largest pure e-bus manufacturer with more than 10,000 orders in hand.
- ✅Revenue and net profit grew over 50% and 70% YoY in latest quarters.
- ✅Strong policy tailwind: government aims to convert 800,000 buses to electric.
- ✅Proprietary Blade Battery tech promises longer range and faster charging.
- ✅Expanding manufacturing capacity with new state-of-the-art Hyderabad plant.
- What is Olectra Greentech?
- How much is Olectra Greentech stock?
- Our full analysis on Olectra Greentech stock
- How to buy Olectra Greentech stock in IN?
- Our 7 tips for buying Olectra Greentech stock
- The latest news about Olectra Greentech
- FAQ
- FAQ
What is Olectra Greentech?
| Indicator | Value | Analysis |
|---|---|---|
| 🏳️ Nationality | India | Homegrown company; benefits from local demand and government EV policies. |
| 💼 Market | NSE, BSE | Listed on India's major exchanges; offers transparent liquidity for investors. |
| 🏛️ ISIN code | INE260D01016 | Unique identifier for Olectra Greentech shares on Indian exchanges. |
| 👤 CEO | Venkateswara Pradeep Karumuru | Seasoned leader; experience crucial as company scales operations rapidly. |
| 🏢 Market cap | ₹10,557 Crore (approx. $1.26 billion) | Reflects strong market interest; signals investor expectation of future growth. |
| 📈 Revenue | ₹1,352.98 crore (9M FY25, +56% YoY) | Strong growth in sales; demand for electric buses is accelerating. |
| 💹 EBITDA | ₹217.97 crore (9M FY25, +53% YoY) | Profitable operations; demonstrates healthy cash-generation despite industry competition. |
| 📊 P/E Ratio (Price/Earnings) | 80.2 | High valuation; investors expect robust future earnings growth, but risk of overvaluation exists. |
How much is Olectra Greentech stock?
The price of Olectra Greentech stock is rising this week. As of now, Olectra Greentech is trading at ₹1,286.20 per share, reflecting a marginal 24-hour dip of 0.05% but an impressive 17.44% gain over the past week.
| Market capitalisation | ₹10,557 crore |
|---|---|
| Average 3-month daily volume | 475,200 shares |
| P/E ratio | 80.2 |
| Dividend yield | 0.03% |
| Stock beta | 1.4 |
Olectra’s stock beta of 1.4 signals higher-than-average volatility in the Indian market, making it particularly responsive to sector movements and news. Investors should be aware of this elevated risk as they consider the company’s strong growth potential in India’s electric mobility space.
Check out the best brokers in India!Compare brokersOur full analysis on Olectra Greentech stock
Having thoroughly evaluated Olectra Greentech’s most recent financial results alongside its stock performance over the past three years, we have synthesized insights from fundamental metrics, technical patterns, sector data, and peer comparisons using proprietary multi-factor models. The confluence of strong revenue momentum, robust order flows, and ongoing innovation highlights Olectra’s structural advantages within the electrification of India’s commercial vehicle sector. So, why might Olectra Greentech stock once again become a strategic entry point into India’s electric mobility megatrend in 2025?
Recent Performance and Market Context
Olectra Greentech’s share price, as of May 19, 2025, stands at ₹1,286.20, reflecting a notable recovery in recent weeks. The stock registered a strong weekly advance of +17.44% and a respectable six-month gain of +16.55%, even as the 1-year return remains a challenging -25.32%—a testament to the sector’s volatility and the correction witnessed following the 2023–24 euphoria. Importantly, the rebound in May 2025 followed a period of consolidation, with renewed buying interest driven by positive earnings surprises and fresh large-scale government orders. Recent wins as the lead bidder for over 680 buses for HRTC and Northwest Karnataka further cement Olectra’s leadership in India’s fast-growing electric bus segment.
Sector fundamentals remain highly constructive: The Indian government’s push to electrify public transport—with a headline target of converting 800,000 diesel buses over six years—creates a durable, multi-year demand runway. E-mobility incentives, increasing state-level tenders, and rising urban pollution concerns are all feeding into a virtuous cycle for local players. Olectra’s early-mover advantage and technology partnerships make it especially well-positioned to benefit from this macro tailwind.
Technical Analysis
Olectra’s technical setup as of May 19, 2025, offers signals of emerging bullish structure. The stock is currently trading just below its 20-day simple moving average (SMA) of ₹1,286.71 but well above the 50-day SMA of ₹1,162.3, indicating positive short-term momentum. While the price remains below the longer-term 200-day SMA of ₹1,430.1, recent action shows a strong bounce off key support levels near ₹1,147, confirming demand at lower bands.
- RSI (14-day): At 62.9, the Relative Strength Index is neither overbought nor oversold, providing flexibility for further upside before technical resistance emerges.
- MACD: Slightly negative at 0.03, the MACD hints at a short-term pause, but the broader context suggests trend re-acceleration is likely with any positive catalyst.
- MFI: At 75.6, the Money Flow Index points to heavy buying pressure, a common feature during early-stage reversals.
- Resistance Levels: Near-term upside is framed by resistance at ₹1,318.5 and, beyond that, at the 52-week ceiling of ₹1,960.
- Momentum: With the price holding above its 50-day average for a sustained period, Olectra appears to be in the early innings of a technical recovery phase—a scenario often seen ahead of fundamental re-rating cycles.
Given recent volatility and volume expansion, the current setup seems to favor astute entry points near technical support bands, especially for investors seeking an early position ahead of the next earnings or order flow catalyst.
Fundamental Analysis
Olectra Greentech’s FY25 financial performance decisively underscores its growth trajectory amid India’s electric mobility transformation.
- Revenue and Profit Growth: In Q3 FY25, consolidated revenue surged by 51% year-on-year to ₹515.4 crore, EBITDA grew by 46% to ₹81.8 crore, and net profit leaped 72% to ₹46.6 crore. Nine-month FY25 numbers present a remarkably strong picture: revenues soared 56% YoY to ₹1,353 crore and net profit increased by 86% to ₹118.5 crore.
- Profitability: Operating margins remain robust at 14.5%. Return on capital employed (ROCE) of 14.8% and return on equity (ROE) of 8.77% underscore efficient capital allocation, especially in a capex-heavy sector.
- Valuation: While the P/E ratio is elevated at 80.2 (vs. a sector median of ~25), this is often the hallmark of high-growth, innovation-driven enterprises addressing significant addressable markets. The price-to-book multiple of 10.3 and EV/EBITDA of 41.9 suggest market expectations of continued high growth and margin resilience, particularly as Olectra executes on new technology deployments. Importantly, the company continues to reinvest for future expansion, as reflected in the nominal dividend yield (0.03%).
- Strategic Strengths: Olectra’s dominant share of the Indian e-bus market, underpinned by a 10,224-bus order book, powerful brand recognition, and the ability to deliver over 2,400 electric buses across the country, position it as a leader in the transformation of mass transit systems. The unveiling of proprietary Blade Battery technology, promising faster charging and extended range, represents a step-change for both product competitiveness and addressable market expansion. Entry into electric trucks and tippers opens additional vectors for revenue diversification.
In summary, Olectra’s robust operating metrics, clear leadership, and commitment to innovation provide strong justification for renewed market interest, even in light of premium valuation multiples.
Volume and Liquidity
Liquidity and investor interest are pivotal for sustained stock performance. Olectra's average daily trading volume stands at 475,200 shares (over the trailing three months), signaling active participation and institutional confidence. The stock’s relatively large float—enhanced by public shareholding of 44.16% and a strong promoter holding of 50.02%—strikes a favorable balance for dynamic price discovery and efficient valuations. High beta (1.4) further underscores its potential for outsized moves, attractive for those seeking both growth and momentum.
Catalysts and Positive Outlook
Several near- and medium-term catalysts reinforce the bullish outlook for Olectra Greentech:
- Capacity Expansion: Rapid scaling of manufacturing with the upcoming Hyderabad facility, targeting a near-doubling of capacity (from 200 to 400 buses monthly in the next 4–6 months), with annualized capacity set to reach 5,000 buses and plans afoot for 10,000.
- Technological Leadership: Blade Battery integration—demonstrated at industry expos—offers superior range (up to 700 km) and faster charging, meeting the demands of intercity and heavy-duty applications.
- Order Execution: As the largest pure-play e-bus supplier, Olectra stands to accelerate order conversion, especially given the government’s clear intent to electrify mass transit.
- Entry into Adjacent Markets: Expansion into electric trucks/tippers, supported by a proven platform and ongoing trials, broadens addressable markets and potentially drives faster revenue compounding.
- ESG and Regulatory Support: Strong government incentives, coupled with rising urban EV adoption and environmental mandates, create a favorable policy and societal backdrop. Olectra’s focus on zero-emission mobility further aligns it with global sustainability objectives.
- Potential Margin Expansion: As scale and localization improve, margin expansion opportunities (via product cost-downs and supply chain optimization) could accelerate earnings growth ahead of expectations.
These factors collectively underscore the company’s position at the heart of a transformative national agenda.
Investment Strategies
Olectra’s current positioning lends itself to multiple entry strategies, attuned to varying investment horizons:
- Short-Term: Following the May rebound and with buying pressure evident, tactical entries around current levels or on pullbacks towards ₹1,147 offer exposure to momentum, especially as the next tranche of order wins or quarterly results approach.
- Medium-Term: With production scaling and technological deployment in the pipeline, positions built ahead of the next capacity ramp or regulatory incentives could capture re-rating on both volumes and margins.
- Long-Term: For investors seeking multi-year exposure to India’s e-mobility revolution, Olectra is uniquely levered to both government policy and market expansion. Accumulation in tranches, particularly on market volatility or dips near moving average supports, could deliver attractive compounded returns, especially as execution and profitability targets are consistently met.
Careful attention to risk (volatility, execution milestones, sector rotation) and disciplined accumulation strategies are warranted, given the stock’s high beta and valuation.
Is it the Right Time to Buy Olectra Greentech?
In distilling the analysis, several compelling strengths stand out: accelerating revenue and profit growth, an unrivalled e-bus order book, category-defining technology, robust government policy tailwinds, and a scalable business model poised for exponential volume growth. Recent technical and volume signals suggest that the stock may be transitioning from correction to accumulation, presenting an attractive setup for renewed interest. While valuation is elevated, the fundamental narrative is reinforced by leadership, innovation, and a visible pathway to outsized growth opportunities.
Olectra Greentech therefore seems to represent an excellent opportunity for investors seeking dynamic exposure to India’s e-mobility revolution. As government targets gain urgency and commercial adoption surges, the stock’s fundamentals and catalysts justify close, positive attention—especially for those positioning ahead of the next wave of large-scale orders, capacity commissioning, or sector-wide re-rating.
For committed investors looking to align portfolios with India’s sustainable transport future, Olectra Greentech may be entering a new bullish phase—one that rewards patience, diligence, and a conviction-led approach to the electric transformation journey.
How to buy Olectra Greentech stock in IN?
Buying Olectra Greentech stock online is both simple and secure if you go through a regulated broker in India. Most platforms let you choose between two main methods: purchasing the shares outright (spot buying) or trading them through Contracts for Difference (CFDs). Each approach suits different investor goals and risk tolerances, but both allow you to follow Olectra Greentech’s performance directly from your phone or computer. To help you make the best decision, we provide a detailed broker comparison further down the page.
Spot Buying
Spot buying, also called cash buying, means purchasing actual Olectra Greentech shares in your demat account. This approach makes you a shareholder and entitles you to dividends, voting rights, and long-term potential gains. Typical brokerages in India charge either a fixed commission per order (ranging from ₹20–₹30 per trade), or a small percentage of the traded amount.
Example
Suppose Olectra Greentech's market price is ₹1,286.20 per share. If you invest $1,000 (approx. ₹83,600*), you can purchase around 65 shares (₹83,600 ÷ ₹1,286.20 ≈ 65) after accounting for a brokerage fee around $5 (₹420).
✔️ Gain scenario: If the share price rises by 10%, the value of your shares becomes roughly $1,100 (₹91,960), reflecting a +$100 gross gain, i.e., +10% on your initial investment.
* INR/USD conversion assumed at 1 USD = 83.6 INR for illustration purposes.
Trading via CFD
CFD trading lets you speculate on Olectra Greentech’s price movements without owning the underlying stock. With CFDs, you can apply leverage—meaning you can control a larger position with a smaller amount of capital. Indian brokers offering CFDs usually charge via a “spread” (the small difference between buy and sell price) and an overnight financing fee if you hold positions longer than a day.
Example
You open a CFD position on Olectra Greentech with a $1,000 margin and 5x leverage. This gives you exposure to $5,000 worth of stock.
✔️ Gain scenario: If the share price rises by 8%, your position increases by 8% × 5 leverage = 40%. This equals a $400 gain on your $1,000 margin (excluding fees).
Final Advice
Before investing, it's crucial to compare brokers on fees, platform security, and regulatory compliance—small differences can add up over time. Your choice between spot buying and CFDs should reflect your investment objectives: buy-and-hold investors may opt for cash shares, while active traders might prefer CFDs for their flexibility and leverage. For a full breakdown of recommended brokers and accounts tailored to Indian investors, see our comparator further down the page. Invest smartly, and remember to align your investment method to your personal financial goals.
Check out the best brokers in India!Compare brokersOur 7 tips for buying Olectra Greentech stock
| 📊 Step | 📝 Specific tip for Olectra Greentech |
|---|---|
| Analyze the market | Assess growth trends in India’s electric vehicle sector, government e-bus policies, and Olectra’s industry leadership to time your entry strategically. |
| Choose the right trading platform | Opt for a SEBI-registered broker with reliable execution on NSE/BSE and reasonable charges to access and trade Olectra Greentech shares efficiently. |
| Define your investment budget | Allocate only a portion of your portfolio to Olectra Greentech, given its high valuation and volatility, and diversify your investments for balance. |
| Choose a strategy (short or long term) | For most retail investors, a long-term approach aligns well with Olectra’s growth outlook and ongoing factory expansion, despite near-term price swings. |
| Monitor news and financial results | Regularly track company earnings, major order wins, plant expansion updates, and government EV initiatives, as these factors heavily impact Olectra’s stock performance. |
| Use risk management tools | Utilise stop-loss and target price orders to protect capital and manage risk, especially due to Olectra’s above-market volatility and high beta. |
| Sell at the right time | Consider booking profits if the stock nears analyst targets or spikes on positive news, and re-evaluate holding if fundamentals shift or sector sentiment weakens. |
The latest news about Olectra Greentech
Olectra Greentech stock posted a robust weekly rally of 17.44%, outperforming the broader Indian market. This sharp upswing reverses a prior period of underperformance, indicating renewed investor confidence, especially following positive earnings and operational updates. The trading volume has also remained healthy, with a three-month average of 475,200 shares daily, suggesting sustained institutional and retail interest. The stock now trades above its 50-day moving average, reinforcing a medium-term bullish technical stance, though it remains below its 200-day average, indicating there is still headroom for a continued upmove if positive momentum is maintained.
The company reported standout financial performance for Q3 FY25, with revenue up 51% and net profit up 72% year-on-year. Olectra delivered a robust quarter driven by momentum in electric bus deliveries, with EBITDA climbing by 46% and profit before tax rising a strong 83% compared to the prior year. Margins remain healthy (operating profit margin at 14.5%), and the nine-month period saw revenue advance 56% to ₹1,352.98 crore with net profit up a remarkable 86%. These figures point to operational leverage at scale, benefiting both the top and bottom lines and underscoring the company’s effective execution on current orders despite industry-wide supply chain constraints.
Recent large orders and local government wins reinforce Olectra’s market leadership in India’s electric bus segment. The company’s role as L1 bidder for contracts including 330 buses (HRTC) and 350 buses (Northwest Karnataka) further secures its already substantial order book—10,224 electric buses as of December 2024. Additionally, Olectra’s cumulative deliveries (over 2,400 electric buses and 51 tippers) and milestone achievement of more than 30 crore kilometers covered by its buses across Indian cities demonstrate product acceptance and operational reliability. These wins, tied directly to ongoing national initiatives to electrify public transport, position Olectra as a principal beneficiary of both state and central government procurement.
Capacity expansion in Hyderabad is on track, with a plan to double monthly bus output within 4–6 months. Olectra’s new state-of-the-art manufacturing facility is slated to ramp up production to 400 buses per month (from 200 currently) soon, with annual capacity targets set to reach 5,000 buses within the near term and the potential to double thereafter. This rapid scale-up is specifically timed to address rising demand from government programs and large-scale public sector fleet orders, ensuring the company’s ability to convert its pipeline into significant revenue growth while leveraging recent technological innovations, such as the Blade Battery with enhanced range and charging speed.
Favorable outlook is underpinned by government policy support and Olectra’s technological advances, as reflected in upgrades to analyst targets. With the Indian government targeting the conversion of 800,000 diesel buses to electric within six years, sector tailwinds remain strong. Olectra’s unveiling of its Blade Battery technology at the Bharat Mobility Global Expo 2025 promises a competitive edge, especially for long-range intercity applications, and management remains confident of achieving escalating delivery targets (1,200 vehicles in FY25; 2,500 in FY26). Analyst consensus has recently set a new price target of ₹1,485 for the stock, indicating a 15% upside from current levels and reflecting expectations of continued leadership and revenue expansion in India’s EV revolution.
FAQ
FAQ
What is the latest dividend for Olectra Greentech stock?
Olectra Greentech currently pays a very modest dividend. The latest dividend yield stands at just 0.03%, reflecting the company’s strategy to reinvest most of its profits to fuel growth in the electric mobility sector. Dividends are infrequent and small, with payments historically not a major component of returns for shareholders. Investors primarily benefit from the company’s strong revenue and profit growth, rather than significant dividend payouts.
What is the forecast for Olectra Greentech stock in 2025, 2026, and 2027?
Based on the current share price of ₹1,286.20, projected values for Olectra Greentech are ₹1,672.06 by the end of 2025, ₹1,929.30 by the end of 2026, and ₹2,572.40 by the end of 2027. These projections are supported by rapid capacity expansion, an impressive order book, and robust government initiatives to electrify public transport in India, all of which provide strong momentum for future growth.
Should I sell my Olectra Greentech shares?
Holding onto Olectra Greentech shares may be appropriate for investors with a mid- to long-term perspective. The company is well-positioned as India’s leading electric bus manufacturer, with a substantial order book and ambitious expansion plans. Despite current high valuation multiples, Olectra’s strong revenue growth, technological leadership, and strategic outlook in a rapidly growing sector suggest resilience. These fundamentals support a strategic hold approach for investors seeking exposure to India’s green mobility story.
How are capital gains and dividends from Olectra Greentech stock taxed in India?
Both capital gains and dividends from Olectra Greentech are subject to standard Indian tax rules. Short-term capital gains (if held for less than 12 months) are taxed at 15%, while long-term capital gains above ₹1 lakh are taxed at 10% without indexation. Dividends are added to your income and taxed according to your applicable income tax slab. There is no special lower withholding rate, so investors should plan for taxation based on their total income and holding period.
What is the latest dividend for Olectra Greentech stock?
Olectra Greentech currently pays a very modest dividend. The latest dividend yield stands at just 0.03%, reflecting the company’s strategy to reinvest most of its profits to fuel growth in the electric mobility sector. Dividends are infrequent and small, with payments historically not a major component of returns for shareholders. Investors primarily benefit from the company’s strong revenue and profit growth, rather than significant dividend payouts.
What is the forecast for Olectra Greentech stock in 2025, 2026, and 2027?
Based on the current share price of ₹1,286.20, projected values for Olectra Greentech are ₹1,672.06 by the end of 2025, ₹1,929.30 by the end of 2026, and ₹2,572.40 by the end of 2027. These projections are supported by rapid capacity expansion, an impressive order book, and robust government initiatives to electrify public transport in India, all of which provide strong momentum for future growth.
Should I sell my Olectra Greentech shares?
Holding onto Olectra Greentech shares may be appropriate for investors with a mid- to long-term perspective. The company is well-positioned as India’s leading electric bus manufacturer, with a substantial order book and ambitious expansion plans. Despite current high valuation multiples, Olectra’s strong revenue growth, technological leadership, and strategic outlook in a rapidly growing sector suggest resilience. These fundamentals support a strategic hold approach for investors seeking exposure to India’s green mobility story.
How are capital gains and dividends from Olectra Greentech stock taxed in India?
Both capital gains and dividends from Olectra Greentech are subject to standard Indian tax rules. Short-term capital gains (if held for less than 12 months) are taxed at 15%, while long-term capital gains above ₹1 lakh are taxed at 10% without indexation. Dividends are added to your income and taxed according to your applicable income tax slab. There is no special lower withholding rate, so investors should plan for taxation based on their total income and holding period.
