Olectra greentech share price target 2023, 2024, 2025, 2030 in future ? Is Olectra Greentech a good investment?

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Olectra greentech share price target 2023, 2024, 2025, 2030 in future, Is olectra greentech a good stock for long-term investment?

If you are looking for the Olectra greentech Stock Price Target or finding the potential of the Olectra greentech stock, this price forecast can be helpful for you. Our Olectra greentech stock price forecast is based on a deep technical analysis and the past performance of Olectra greentech Stock. Here we will try to analyze the potential of Olectra greentech stock in the long term.

But before Olectra greentech stock's future price forecast, let us have a look at the company's business model and financial details

About of Olectra greentech 

Olectra Greentech Company was started in 1992. The MD of the company is KV Pradeep. The company is involved in the business of polymer insulators and electronic buses. The headquarters of the Olectra greentech company are in Hyderabad. The company's management has formed a partnership with Chinese automobile company BYD Autocompany in view of the increasing demand for electronic vehicles in the future.

This company is involved in the business of car, bus, truck, e-bike, and rechargeable batteries. The company is seen working very fast in the EV bus segment. The battery backup of Olectra Greentech Company buses is also good. The batteries of the company's buses have the capacity to run from 150 km to 350 km in 2 to 5 hours of charging.

The company is now going to start manufacturing hydrogen-powered buses in collaboration with Reliance Industries very soon.

Olectra, a greentech company, occupies 40% of India's EV bus segment. Apart from this, the company is also seen setting up charging stations. Olectra Greentech Company is also India's leading company in the field of polymer insulators.

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What kind of company is Olectra greentech company fundamentally?

Olectra greentech company is fundamentally a very good company.  The company has a debt of Rs 84 crores, which the company management is constantly seen reducing.  Against this debt, the company also has a cash reserve of Rs 800 crore.  Keeping all these things in mind, we can say that this company is a debt free company.

 The total revenue and net profit of the company is also increasing continuously.  The company's stock has a P/E ratio of 52.6, which is quite expensive and the company's stock appears to be an overvalued stock.  By the way, the book value of the company's stock is Rs.90.

The ROE and ROCE of Olectra greentech company's stock is very low right now.  Because the company is currently making good investments in this sector, but the company is not getting that much good return from this sector.  If we take a look at the future of the company, we can understand that the craze for electronic vehicles is going to increase a lot in the coming times.

So let us now try to understand that what can be seen in the future till Olectra greentech share price target 2023, 2024, 2025, 2030?

Olectra greentech share price target 2023 

Last year, our Indian stock market saw a lot of growth. That's why now our Indian stock market will also be seen moving with the stock market of the whole world, either down or sideways. The business model of the company is very good and has the potential to do well in the future.

At present, the company has received orders for 100 luxury buses worth Rs 250 crore from the State Road Transport Corporation and orders for 50 electronic buses worth Rs 150 crore from the government transport authority. 

Due to this, there will be a good jump in the total revenue and net profit of the company. The company is now going to manufacture hydrogen-powered buses in collaboration with Reliance Industries, which is very good news for the company's shareholders.

Olectra Greentech's share price target 2023. On the downside, Rs 800, and if there is a boom in the stock market, then the upside share price target can be seen from Rs 1020 to Rs 1150 in 2023.

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Olectra greentech share price target 2024

Olectra greentech company is India's leading company in the field of Polymer insulator.  63% of the company's total revenue comes from the EV Bus and 37% from the Polymer insulator segment.  Apart from this, the company seems to be working in the business of EV charging infrastructure. Right now the company is not able to do anything special in this segment, but in future the company will be seen performing well in this segment as well.

 In view of the increasing cost of petrol and diesel and the increasing danger of pollution in the environment, at present 50+ countries are working in the electronic vehicle segment.  Olectra greentech company currently occupies 40% of India's EV Bus Segment.

The company is currently working only in 11 states, but in future the company will be seen working in the field of electronic buses in the entire country, due to which the company will be seen performing well in the future.  Olectra greentech share price target 2024 can be seen from Rs 1375 to Rs 1440.

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Olectra greentech share price target 2025 

The future target of the Olectra greentech company is to manufacture 1,000 electric buses per year. In the future, we will see the company performing well in the fields of polymer insulators and charging stations, along with electronic buses.

The company is currently looking strong, and the company has no debt of any kind. Therefore, the company will not face any difficulties while working on its new project.

Our Indian government is also trying hard to promote electronic vehicles. Looking at this, it can be assumed that in the coming days, good growth can be seen in the electronic vehicle segment.

The company is currently a small-cap company, and in the future, we will see this company joining the midcap category. Olectra Greentech share price target 2025 is Rs 1750 to Rs 1825.

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Olectra greentech share price target 2030 ? Is Olectra greentech a good stock for long-term investment?

Olectra greentech company is a fundamentally strong company, but 50% of the company's total revenue is coming from two to three big customers.  If the company's deal with a customer is canceled in the future, then there will be a difference in the company's revenue.  But by the year 2030, India will be seen making a lot of progress in the electronic vehicle segment.

The future is going to be of electronic vehicles only.  In view of which Olectra greentech share price target may appear up to Rs 1600 or above in 2030.  If you people are planning to invest in any electronic vehicle segment stock for a long time, then this stock can give you very good returns in future.

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Is a good time to buy olectra greentech share? 

At present, the stock of the company is showing a good correction from the upper levels. If you are planning to buy the stock of this company, then this stock can prove to be a multibagger stock for you in the future. Looking at the company's fundamentals and business model, it can be considered that this is the right time to make short- and long-term investments in the company's stock.

 FAQS:-

1. What is the market cap of the company?

The market cap of the company is around Rs 8000 crore.

2. What is the face value and book value of the stock of the company?

The face value of the company's stock is Rs 4, and the book value is Rs 94.

3. Does the company also offer dividends to its shareholders?

The company also offers dividends to its shareholders, but the dividend yield of the company is very low at 0.08%.

4. How much debt does the company currently have?

The company currently has a debt of Rs 84 crore, while it has a cash reserve of Rs 800 crore.

5. What is the promoter's stake in the company?

The promoter's holding in the company is 50%, and the public's holding is 40%. FIIS's holding in the company is 10%.

Friends, we hope that the information given by us in this article will definitely help you understand the future price target of Olectra Greentech Company and the company's stock. Similarly, to understand the future price target analysis of stocks of other companies, do read our other post as well. Thank you.

Disclaimer:- "There is a lot of volatility in the stock market, due to which investing money in it is a risky business.  Therefore, before investing money in the stock of any company, you must do a detailed analysis of that company and the stock of that company on your own behalf or take advice from your financial advisor".

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