Risk factor
Strong & resilient to price shocks
Profitability factor
Excellent growth
About
Established in 1992 and headquartered in Hyderabad, India, Olectra Greentech Limited, formerly Goldstone Infratech Limited until its rebranding in July 2018, is a multifaceted enterprise. The company stands as a primary manufacturer and provider of composite polymer insulators throughout India, offering a comprehensive range for transmission and distribution systems across various voltage capacities, from 10-15kV up to 1200kV. Additionally, it supplies specialized insulators, including tonne, bracket tube, and stay arm types, for railway infrastructure. Beyond its core insulator business, Olectra Greentech is also a producer and vendor of electric buses. Its offerings further extend to distribution transformers, alongside data analysis and IT consulting services.
Company Valuation
Based on key historical and expected multiples, the stock is greatly overvalued relative to its peers. In particular, the stock is overpriced on P/E, 'expensive' on EV/EB
Target Price
The average target price of OLECTRA.NS is 1732 and suggests 15.4% upside potential. Usually, this means a BUY recommendation among investment firms, or a recommendation t