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Builds electric buses for Indian cities using licensed BYD technology, plus power transmission and defense components.
Builds electric buses for Indian cities using licensed BYD technology, plus power transmission and defense components.
Sells buses to state transport undertakings through government tenders, often as multi-year contracts paid per kilometer operated, with the agency collecting the fares. Orders are lumpy and depend on subsidy schemes and tender timing. Megha Engineering and Infrastructures, a Hyderabad infrastructure group, is the controlling shareholder.
In one line: India's BYD-bus licensee.
Moat: narrow (IP / patents, customer qualification). Exclusive technology tie-up with BYD gives a head start in India's nascent e-bus market.
Headquarters: Hyderabad, India · Founded: 2000 · Employees: 1,830
Size Olectra Greentech (OLECTRA.NS) is an India Consumer Discretionary company (Motor Vehicles) with a market value of $891M, the 633rd largest of 1,058 India companies the cockpit tracks. Shares closed at ₹1,026 on 6 Nov 2026.
Performance Over six months the shares fell 19.2%, against -3.5% for the median peer and 0.0% for the India market (cap-weighted) — 8th lowest of 20 in its peer set.
Growth Revenue grew 38.4% over the last twelve months (peer median +6.8%); the operating margin is 11.8% (peer median 1.6%).
Valuation It trades at 23.7× forward earnings against a peer median of 12.6× (2nd most expensive of 12).
Capital Return on invested capital runs 5.5 points above its cost of capital (12.7% WACC).
Next results Next results expected around 25 Jan 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | ₹25.4B | ₹23.1B | ₹18.0B | ₹11.5B | ₹10.9B |
| Revenue growth | — | +28% | +56% | +6% | — |
| Gross profit | ₹3.53B | ₹3.41B | ₹2.64B | ₹1.63B | ₹1.43B |
| EBITDA | ₹3.50B | ₹3.32B | ₹2.64B | ₹1.66B | ₹1.41B |
| Net income | ₹1.77B | ₹1.77B | ₹1.39B | ₹768M | ₹656M |
| Free cash flow | n/a | -₹1.05B | -₹769M | ₹296M | -₹968M |
| Capital expenditure | n/a | ₹1.59B | ₹1.77B | ₹790M | ₹645M |
| Total debt | n/a | ₹3.80B | ₹2.55B | ₹1.21B | ₹1.34B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Olectra Greentech OLECTRA.NS | $891M | -19% | +38% | 12% | 23.7× | n/a |
| Tata Motors TMCV.NS | $16.6B | -2% | n/a | 9% | 20.7× | 17.8% |
| JBM Auto JBMA.NS | $1.24B | -21% | +16% | 9% | n/a | n/a |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | OLECTRA.NS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -5.3% | +0.3% | 8th lowest of 20 |
| 6-month return | -19.2% | -3.5% | 8th lowest of 20 |
| Distance from 52-week high | -34.8% | -38.3% | 9th highest of 20 |
| Revenue growth (TTM) | +38.4% | +6.8% | 3rd highest of 20 |
| Operating margin | 11.8% | 1.6% | highest of 20 |
| Forward P/E | 23.7× | 12.6× | 2nd most expensive of 12 |
| ROIC minus cost of capital | +5.5 pp | -3.9 pp | 3rd highest of 19 |
| EV / EBITDA | 24.0× | 9.0× | 2nd most expensive of 9 |
| Net debt / EBITDA | 0.6× | 1.0× | 5th least indebted of 9 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Olectra Greentech OLECTRA.NS | India | $891M | -19% | +38% | 12% | 23.7× | n/a | n/a |
| Zhejiang Qianjiang Motorcycle 000913.SZ | China | $896M | -16% | 0% | 2% | 17.2× | n/a | n/a |
| Shanghai New Power Automotive Technology 600841.SS | China | $914M | -39% | +15% | -5% | 19.5× | 2.1% | -23.6% |
| Guangdong Lvtong New Energy Electric Vehicle Tech 301322.SZ | China | $869M | +5% | +63% | -3% | n/a | n/a | n/a |
| Breton Technology 1333.HK | Hong Kong | $915M | +5% | +16% | -24% | n/a | n/a | n/a |
| China Motor 2204.TW | Taiwan | $867M | -4% | +6% | 4% | 8.4× | 3.7% | +0.8% |
| Aebi Schmidt AEBI | United States | $867M | -3% | +49% | 6% | 11.3× | 11.9% | n/a |
| Piaggio & C PIA.MI | Italy | $862M | +24% | -5% | 7% | 17.0× | 2.6% | +2.7% |
| Yulon Motor 2201.TW | Taiwan | $860M | -1% | -8% | 8% | 12.6× | 14.9% | -2.6% |
| Zhongtong Bus 000957.SZ | China | $857M | -18% | +6% | 6% | 11.6× | -16.1% | +10.7% |
| Xiamen King Long Motor 600686.SS | China | $967M | -42% | -3% | 2% | 9.1× | -1.1% | +12.0% |
| SML Mahindra SMLMAH.NS | India | $806M | +35% | +22% | 7% | n/a | 23.6% | +36.9% |
| Kuen Tong Technology 7965.TWO | Taiwan | $796M | n/a | n/a | n/a | n/a | n/a | n/a |
| Haima Automobile 000572.SZ | China | $792M | -43% | -48% | -27% | n/a | n/a | n/a |
| Hanma Technology 600375.SS | China | $786M | -39% | +38% | 0% | n/a | 11.1% | +0.5% |
| IAT Automobile Technology 300825.SZ | China | $786M | +9% | +7% | -8% | 538.0× | n/a | n/a |
| Polestar Automotive Holding UK PLC Sponsored ADR PSNY | United States | $778M | -79% | +18% | -47% | n/a | n/a | n/a |
| Dometic DOM.ST | Sweden | $755M | -29% | -6% | -13% | 11.4× | 3.4% | +5.4% |
| Nissan Shatai 7222.T | Japan | $747M | -4% | +15% | 4% | n/a | n/a | n/a |
| Giant Manufacturing 9921.TW | Taiwan | $1.06B | +29% | -15% | 2% | 18.1× | 1.3% | -3.0% |
| Aerosun 600501.SS | China | $1.10B | -28% | +10% | -5% | n/a | n/a | n/a |