Olectra Greentech Stock Price Analysis and Quick Research Report. Is Olectra Greentech an attractive stock to invest in?

The Indian Auto Industry comes in the top 5 largest auto industries of the world. India is also a prominent auto exporter and has strong export growth expectations for the near future. The support from the government is providing the auto companies with a boost needed in their development. But will it sustain?

We can look into more details and dig a little deeper into the analysis of the stock of this sector. Olectra Greentech stock price today is Rs 1188.2. Let’s look at how Olectra Greentech is performing and if it is the right time to buy the stock of Olectra Greentech with detailed analysis.

• The mainstream of revenue for Auto Sector is their sales, Olectra Greentech has reported poor sales growth of -1.8014 % and in the latest quarter sales was Rs 437.969 Cr. To judge whether the company’s inventory is being sold or not and the sales picture is true, inventory turnover ratio plays a major role, which is 6.2201 times for Olectra Greentech . It is managing its inventory poorly . 
   
• Olectra Greentech reported Profit growth of 4.1583 % over the year, where the latest year profit is Rs 73.6428 Cr compared to the previous year of Rs 70.7028 Cr. The new permits by governments and increasing demand will lead to an increase in profits in the coming year.
   
• The operating profit of Olectra Greentech in the latest quarter is Rs 52.3249999999999 Cr. It helps in measuring the company’s operating performance which is used to make financing decisions.
   
• Olectra Greentech has a poor ROE of 8.3316 %. The ROE is an important financial parameter because Auto companies work with high equity investments. Also, they have to take huge debt to incur the research and manufacturing work so their Debt to Equity ratio should be evaluated. Olectra Greentech has a low Debt to Equity ratio of 0.0635.
   
• Olectra Greentech pays a dividend of 0.4 Rs per share. It tells us that a company dislikes to share profits with its shareholders. The dividend yield is low at 0.0335 %.
   
• The share of promoter in Olectra Greentech is high at 50.02 %, where the pledging is 0 %.
   
• What the market is willing to pay for the company for its earnings can be determined by PE multiple. Current PE of Olectra Greentech is 69.8805525986132 compared to the 5 year average PE of 123.453335295815 .
   
• Share Price: - The current share price of Olectra Greentech is Rs 1188.2. One can use valuation calculators of ticker to know if Olectra Greentech share price is undervalued or overvalued.