Buy Olectra Greentech, target price Rs 2086: Geojit

Geojit has buy call on Olectra Greentech with a target price of Rs 2086. The current market price of Olectra Greentech Ltd. is Rs 1840.15.

Olectra Greentech Ltd., incorporated in the year 2000, is a Small Cap company (having a market cap of Rs 14841.84 Crore) operating in Electric/Electronics sector.

Olectra Greentech Ltd. key Products/Revenue Segments include Sale of services and Other Operating Revenue for the year ending 31-Mar-2023.



Financials
For the quarter ended 31-03-2024, the company reported a Consolidated Total Income of Rs 293.58 Crore, down -14.82 % from last quarter Total Income of Rs 344.66 Crore and down -22.01 % from last year same quarter Total Income of Rs 376.44 Crore. Company reported net profit after tax of Rs 11.28 Crore in latest quarter.

Promoter/FII Holdings
Promoters held 50.02 per cent stake in the company as of 31-Mar-2024, while FIIs owned 8.58 per cent, DIIs 0.14 per cent.