India plans $ 10 billion electric bus contract to curb emissions as per bloomberg....Tata Motors largest here...others are JBM Auto and Olectra
#TATAMOTORS #JBMA #OLECTRA
#OLECTRA will declare results on May 2, 2022
Do you have any view on the results? Let's aggregate whatever information we have from other sources for everyone's benefit.
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• HDFC securities expects Prince Pipes to surge further in 3 months
• FIIs again net sellers , sold 2445 crore in cash market and DIIs net buyers with 1417 crores
• Olectra GreenTech posted 611.5% increase in profit and 42.2% rise in sales.
#OLECTRA #PETRONET #MnM
🔴🔴 Alert - Olectra LTP ₹330/-
Traders Can Book Profit and Exit
Trading above 20D Avg Volumes
I have reduced 50% here
Equity And Option Trader
Not a buy recommendation. Consult your financial advisor
Olectra Greentech CMP 104 View
Olectra Greentech Limited (OGL, earlier known as Goldstone Infratech Limited) was incorporated in 2000. The company is into manufacturing polymer insulators since 2003. OGL is an ISO 9001:2008-certified company with a research and development unit for polymer insulators used in power transmission lines. The company has tied up with BYD (a Chinese battery and electric car maker) for manufacturing of electric buses. Electric buses are sold under the joint brand name of Olectra BYD. It has successfully delivered a total of ~270 e-buses to various state transport undertakings (STUs) in India and a few private parties till June 30, 2020.
ROE (1.3%) and ROCE is 1.6%. FY 20 turnover was 201 Cr Vs. 170 Cr in FY19 therefore increased by 20% YoY. Operating profit was 5 Cr Vs. (15 cr) in YoY. Operating profit margin was 3% in March 2020.
Q2FY21 turnover was 50 Cr and operating profit was 3 Cr and margin was around 5.8%
Company is significantly reduced their debt.
The company has an order book for supplying 792 e-buses as on June 30, 2020, out of which 675 e-buses orders are received under FAME II scheme in FY2020. These buses are to be supplied over a period of
Company has recently selected L1 bidder for another 353 electric bus order an amount of INR 600 Crs.
Strength: Healthy strong order book, significantly reducing their debt on QoQ. Future of electric buses in India and as per current expertise in electric field company may opportunity for getting more electric buse orders.
Risk: High accounts receivable period which is more than 6 months due to mostly order from state Govt. Squeeze margin. Liquidity crunch in the company. Operations from cash flow significantly impacted.
View: Risk taker can buy the shares at CMP with their risk appetite.
Views are on personal basis. Any buy/sell should be your due diligence or check with your financial advisor.