Olectra Greentech Limited (OLECTRA.NS) Valuation

Valuation

Model-based estimates, not advice. The DCF is the discounted-cash-flow value per share; compare it with the price, not as a target.

DCF fair value

-300.4%

-₹2,018.79

vs ₹1,007.25 price

Levered DCF

₹50.28

After debt service

Piotroski score

4 / 9

Average

Altman Z-score

—

Rating

Overall 2 / 5

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
P/E	44.69×	69.98×	204.59×	77.5×	155.35×	221.73×	30×	-99.4×
P/B	6.46×	9.26×	17.21×	6.05×	7.07×	2.41×	0.55×	2.24×
P/S	3.43×	5.39×	13.62×	4.66×	9.26×	6.34×	2.02×	9.24×
EV / EBITDA	23.11×	37.25×	95.42×	36.88×	67.54×	88.07×	85.74×	-103.79×
Gross margin	14.1%	25.4%	28.3%	24.7%	28.6%	35.7%	45.1%	23.1%
Operating margin	12.3%	19.8%	21.9%	19.4%	22.2%	24.4%	27.6%	6.1%
Net margin	7.7%	7.7%	6.7%	6.0%	6.0%	2.9%	6.7%	-9.3%
Current ratio	1.58×	1.64×	1.88×	1.72×	2.37×	3.2×	3.48×	4.38×
Debt / equity	0.31×	0.24×	0.13×	0.16×	0.09×	0.01×	0.04×	0.03×
Interest coverage	4.65×	6.99×	5.87×	6.74×	14.18×	9.14×	3.97×	0.7×
Dividend yield	0.0%	0.0%	0.0%	0.1%	0.0%	0.0%	0.0%	0.0%
Payout ratio	1.9%	2.4%	4.3%	5.0%	0.0%	0.0%	0.0%	0.0%

Key metrics by fiscal year

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	14.5%	13.2%	8.4%	7.8%	4.5%	1.1%	1.8%	-2.2%
Return on invested capital	12.4%	19.5%	17.8%	16.2%	10.2%	7.2%	5.8%	1.0%
Return on assets	6.9%	6.4%	4.8%	4.2%	3.0%	0.9%	1.4%	-1.8%
Free cash flow yield	-1.3%	-0.4%	0.4%	-1.5%	1.0%	2.7%	-54.0%	-14.7%
Earnings yield	2.2%	1.4%	0.5%	1.3%	0.6%	0.5%	3.3%	-1.0%
Enterprise value	₹81.4B	₹98B	₹158.3B	₹52.1B	₹55.4B	₹17.8B	₹4.3B	₹15.7B
Net debt / EBITDA	0.59×	0.32×	0.69×	0.9×	0.58×	-0.22×	5.43×	-0.19×
Cash conversion cycle (days)	70	38	88	102	87	338	631	492