Olectra Greentech Share Price Target 2024 To 2030 – Olectra Greentech Limited, as the name suggests, is a newly emerging company in the electric mobility sector mainly diversified in electric buses and charging solutions. The company was incorporated in the year 2000 and is a part of the MEIL Group. And is focused on promoting the use of environment-friendly public transport in the nation.
Olectra company was established to provide new generation electric buses that are non-emitting and help in cutting down air pollution and reliance on fossil fuels. Other than electric buses, the company is used in the production of composite insulators for the transmission of electric power.
Olectra Greentech Current Market Overview
- Today’s Open: 1567.00
- Today’s High: 1567.00
- Today’s Low: 1543.00
- Current Share Price: 1547.50
- Market Capital: 12.70K Cr
- P/E: 153.51
- Dividend Yield: 0.026%
- 52 Week High: 2221.95
- 52 Week Low: 1018.00
Olectra Greentech Share Price Recent Graph
Share Price Target Tomorrow From 2024 To 2030
The following table shows the share target price for upcoming years, which is based on market valuation, industrial trends, and expert predictions.
| S.No. | Share Price Target Years | Share Target Value |
|
|
2024 | 1775 |
|
|
2025 | 1869 |
|
|
2026 | 1945 |
|
|
2027 | 2056 |
|
|
2028 | 2210 |
|
|
2029 | 2286 |
|
|
2030 | 2368 |
Shareholding Pattern For Olectra Greentech
- Promoters: 50.02%
- Retail And Others: 42.19%
- Foreign Institutions: 7.61%
- Mutual Funds: 0.14%
- Other Domestic Institutions: 0.05%
Olectra Greentech Annual Income Statement
The given chart shows the comparison between revenue and net income.
Here are the details of the annual income statement of the company.
| Particulars | Info 2024 | Y/Y Change |
| Revenue | 11.54B | 5.81% (+) |
| Operating Expenses | 1.92B | 19.45% (+) |
| Net Income | 768.33M | 17.13% (+) |
| Net Profit Margin | 6.66 | 10.82% (+) |
| Earning Per Share | 9.36 | 17.15% (+) |
| EBITDA | 1.66B | 18.95% (+) |
| Effective Tax Rate | 25.64% | N/A |
Challenges For Olectra Greentech Share Price
High Production Costs
Some factors that can affect the profitability of firms include the cost of electric vehicle components such as batteries.
Government Policy Dependence
The high dependence of governments for subsidizing the growth of electric mobility.
Competition
Increasing competition from local as well as global players in the electric vehicle manufacturing industry.
Supply Chain Disruptions
The high reliance of car makers on imported parts used in EV technology might, in one way or another, affect the supply chain and costs.
