Olectra Greentech Ltd: History, Latest Updates, Milestones, Subsidiaries and  Share Price

 

INTRODUCTION

 

Olectra Greentech Ltd, a pioneer in the Indian electric mobility and composite polymer sectors, has emerged as a key player in the country’s transition towards sustainable transportation. Founded with a vision to revolutionize public transport, the company is best known for manufacturing electric buses and advanced composite insulators. Backed by Megha Engineering and Infrastructures Ltd (MEIL), Olectra has consistently broadened its presence across various sectors, particularly in sustainable energy solutions. Over the years, it has achieved several technological and operational milestones, positioning itself at the forefront of India’s EV revolution. Investors have closely followed the company’s growth trajectory, with the Olectra Greentech share price often reflecting market optimism around green energy and electric mobility initiatives. This article delves into the company's history, key milestones, latest developments, subsidiaries, and a detailed look at its share price performance.

 

Olectra Greentech Ltd moves in 2025

 

• During the December 2024 quarter, Olectra Greentech Ltd witnessed a remarkable surge in revenue, marking a 52.68% rise to Rs. 5,068.34 million, compared to Rs. 3,319.49 million generated in the equivalent quarter of the preceding year.

• Net profit jumped by 107.83%, rising from Rs. 222.81 million to Rs. 463.07 million, reflecting strong financial performance and growing demand for its electric mobility solutions.

• The company’s operating profit stood at Rs. 787.34 million, a significant rise from Rs. 498.45 million reported in the December 2023 quarter.

• These impressive quarterly results have strengthened market sentiment, which is likely to have a positive impact on the Olectra Greentech share price in 2025.

• The financial growth showcases the company’s robust execution capabilities and positions it as a leading player in India’s electric vehicle segment.

Evolution of the Olectra Greentech Ltd: From Past to Present:

Past:

Founded in 2000 as Goldstone Infratech Ltd, Olectra Greentech began by producing polymer insulators for power infrastructure. The company rebranded in 2017, shifting its focus to green technologies. In 2015, it entered the electric vehicle space, launching its E-Bus division in partnership with BYD. By 2023, Olectra had deployed over 615 electric buses across India, cementing its role as a pioneer in the EV bus market.

 

Present: 

As of early 2025, Olectra has deployed over 2,200 electric buses across India, helping cut more than 270,000 tons of carbon dioxide emissions. A major Rs. 427 crore order from HRTC for 297 electric buses highlighted its growing reach. The company also launched new models featuring blade battery tech with up to 500 km range. Olectra is set to ramp up production at its Seetharampur facility to 10,000 units per year, reinforcing its leadership in India’s EV sector—a momentum also seen in the rising Olectra Greentech share price.

 

 

Timeline of Olectra Greentech Ltd:

 

 

Inside the Olectra Greentech Ltd:  

Corporate actions: Olectra Greentech Ltd. has announced a total of nine dividends since September 20, 2007. In the previous year, the company distributed an equity dividend amounting to Rs. 0.40 per share. As of May 1, 2025, the Olectra Greentech share price stands at Rs. 1,161.50, resulting in a dividend yield of approximately 0.03%.

 

Main News: 

 

• April 10, 2025 – Olectra Greentech has secured a Letter of Award (LoA) from Himachal Road Transport Corporation (HRTC) for the supply and maintenance of 297 electric buses on an outright sale basis. These buses are scheduled for delivery over an 11-month period from the date of the LoA. The total contract value for Olectra is estimated at approximately Rs. 424.01 crore.

• On January 30, 2025, Olectra Greentech net profit climbed to Rs. 46.31 crore, up from Rs. 22.28 crore in the same quarter of the previous year.The company’s total income increased by 51.97%, reaching Rs. 508.57 crore, compared to Rs. 334.66 crore year-on-year.

• On January 29, 2025, Olectra Greentech reported a turnover of Rs. 506.83 crore for the December 2024 quarter.This reflects a 52.68% increase compared to the same quarter in the previous year.Total revenue rose to Rs. 46.31 crore, marking a 107.83% jump from Rs. 22.28 crore in December 2023.The operating profit rose to Rs. 78.73 crore in the December 2024 quarter.

 

Evey Trans Private Limited

 

Main News: 

• Evey Trans bagged an order for 5,150 electric buses; however, as of April 2025, only 220 units have been delivered. MSRTC has imposed a Rs. 4 crore penalty, demanding 1,287 buses by May 22, 2025, or the contract may be canceled.

• Evey Trans, alongside Olectra Greentech, is working on delivering 2,100 electric buses to Mumbai's BEST Undertaking. As of April 2025, only 536 buses have been delivered, with delays linked to supply chain issues.

 

Current Olectra Green Share Price NSE

 

 

Achievements and Milestones:

 

 

CONCLUSION

In conclusion, Olectra Greentech Ltd has emerged as a pioneer in India’s electric mobility space, playing a vital role in advancing clean and sustainable transport solutions. With continued innovation in electric buses and a growing footprint in green technology, the company is well-positioned to benefit from the country’s shift toward eco-friendly infrastructure. The Olectra Greentech share price has gained attention from investors seeking exposure to the EV sector's long-term potential. As the company expands its portfolio and forges strategic alliances, the Olectra Greentech share price will remain a key metric for tracking future growth.

 

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Frequently Asked Questions:

 

1. How has Olectra Greentech Ltd fared financially in recent years?

Olectra Greentech has seen strong growth with a 44.7% annual revenue increase and a low debt-to-equity ratio of 8.57%, boosting the Olectra Greentech share price.

 

2. Where can I check the latest olectra greentech share price and updates?

Visit Enrich Money’s stock analysis page for real-time olectra greentech share price and performance insights.

 

3. What has been the highest and lowest olectra greentech share price in the past 52 weeks?

The lowest olectra greentech share price in the last 52 weeks is Rs. 989.95, while 52 Week's high olectra greentech limited share price is Rs. 1,960.00.

 

4. How do recent financial trends affect Olectra Greentech share price?

Solid revenue growth and strong liquidity, with a current ratio of 253.34%, have positively impacted the Olectra Greentech share price, reflecting investor confidence.

 

5. What recent developments have impacted Olectra Greentech share price?

Improved market share and strong financials, including low debt and high liquidity, have positively influenced the Olectra Greentech share price.

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