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Commentary (9 May 2024 @ 05:59):

Olectra Greentech Limited manufactures and supplies composite polymer insulators in India. The company operates through Composite Polymer Insulators and Electric Buses segments...

Stats
Today's Volume	366 869
Average Volume	1.50M
Market Cap	132.42B
EPS	INR0 ( 2024-04-29 )
Next earnings date	( INR0 ) 2024-08-05
Last Dividend	INR0.400 ( 2023-09-21 )
Next Dividend	INR0 ( N/A )
P/E	173.11
ATR14	INR2.21 (0.14%)

Volume Correlation

Long: -0.53 (weak negative)

Short: 0.61 (weak)

Signal:(47.025) Neutral

Olectra Greentech Limited Correlation

10 Most Positive Correlations

10 Most Negative Correlations

Did You Know?

Correlation is a statistical measure that describes the relationship between two variables. It ranges from -1 to 1, where -1 indicates a perfect negative correlation (as one variable increases, the other decreases), 1 indicates a perfect positive correlation (as one variable increases, the other increases), and 0 indicates no correlation (there is no relationship between the variables).

Correlation can be used to analyze the relationship between any two variables, not just stocks. It's commonly used in fields such as finance, economics, psychology, and more.

Olectra Greentech Limited Correlation - Currency/Commodity

-0.77
( moderate negative )

-0.12
( neutral )

-0.81
( strong negative )

-0.43
( neutral )

0.00
( neutral )

0.70
( moderate )

Olectra Greentech Limited Financials

Annual	2023
Revenue:	INR11.54B
Gross Profit:	INR3.30B (28.59 %)
EPS:	INR9.36

FY	2023
Revenue:	INR11.54B
Gross Profit:	INR3.30B (28.59 %)
EPS:	INR9.36

FY	2022
Revenue:	INR10.91B
Gross Profit:	INR2.72B (24.92 %)
EPS:	INR7.99

FY	2022
Revenue:	INR5.92B
Gross Profit:	INR1.51B (25.54 %)
EPS:	INR4.31

Financial Reports:

No articles found.

Olectra Greentech Limited Dividends

(Q3/22)	(Q4/22)	(Q1/23)	(Q2/23)	(Q3/23)	(Q4/23)	(Q1/24)	(Q2/24)	(Q3/24)	(Q4/24)
INR0.400 (N/A)	INR0 (N/A)	INR0 (N/A)	INR0 (N/A)	INR0.400 (N/A)	INR0 (N/A)	INR0 (N/A)	INR0 (N/A)	INR0 (N/A)	INR0 (N/A)

Olectra Greentech Limited Dividend Information - Dividend Junior

Dividend Sustainability Score: 10.00 - good (100.00%) | Divividend Growth Potential Score: 4.85 - Stable (3.10%)

Very Unsafe

High risk of being cut

Unsafe

Heightened risk of being cut

Borderline

Moderate risk of being cut

Safe

Unlikely to be cut

Very Safe

Very unlikely to be cut

Information

First Dividend	INR0.800	2002-09-20
Last Dividend	INR0.400	2023-09-21
Next Dividend	INR0	N/A
Payout Date	0000-00-00
Next Payout Date	N/A
# dividends	9	--
Total Paid Out	INR3.40	--
Avg. Dividend % Per Year	0.03%	--
Score	2.69	--
Div. Sustainability Score	10.00
Div.Growth Potential Score	4.85
Div. Directional Score	7.96	--

Next Divdend (Est)
(2025-11-12)

INR0.447 Estimate 2.74 %

Dividend Stability

0.22 Very Poor

Dividend Score

2.69

Pay Frequency

Sporadic

Yearly Payout

Year	Amount	Yield
2002	INR0	0.00%
2003	INR0	0.00%
2004	INR0	0.00%
2005	INR0	0.00%
2006	INR0	0.00%
2007	INR0	0.00%
2008	INR0	0.00%
2009	INR0	0.00%
2010	INR0	0.00%
2011	INR0	0.00%
2012	INR0	0.00%
2013	INR0	0.00%
2014	INR0	0.00%
2015	INR0	0.00%
2016	INR0	0.00%
2017	INR0	0.00%
2018	INR0	0.00%
2019	INR0	0.00%
2020	INR0	0.00%
2021	INR0	0.00%
2022	INR0.400	0.05%
2023	INR0.400	0.08%
2024	INR0	0.00%

Dividend Commentary

The company's strong Dividend Sustainability Score (DSS) indicates its robust capacity to uphold current dividend levels. Unfortunately, its low Dividend Growth Potential Score (DGPS) suggests limited prospects for dividend growth. In summary, the company provides a promising overall dividend outlook, balancing both sustainability and growth potential.

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SPAL.NS	Dividend Junior	2023-09-15	Sporadic	8	0.44%
MONARCH.NS	Dividend Junior	2023-09-14	Annually	3	0.20%
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BHEL.NS	Dividend Junior	2023-08-11	Annually	21	0.26%
RAMRAT.NS	Dividend Junior	2023-08-31	Annually	3	0.85%
KOKUYOCMLN.NS	Dividend Junior	2023-07-20	Sporadic	16	0.16%
EQUITASBNK.NS	Dividend Junior	2023-07-27	Insufficient data to determine frequency	2	0.56%
ALKEM.NS	Dividend Junior	2023-08-09	Semi-Annually	9	0.71%
SYMPHONY.NS	Dividend Knight	2023-08-04	Semi-Annually	14	0.47%
NELCO.NS	Dividend Junior	2023-06-06	Sporadic	22	0.24%

Dividend Sustainability Score (DSS)

Ratio	Actual Value	Weight	Normalized Value	Score	Range
netProfitMarginTTM	0.0666	1.500	8.67	10.00	[0 - 0.5]
returnOnAssetsTTM	0.0484	1.200	8.39	10.00	[0 - 0.3]
returnOnEquityTTM	0.0878	1.500	-0.136	-0.204	[0.1 - 1]
payoutRatioTTM	0	-1.000	0	0	[0 - 1]
currentRatioTTM	1.879	0.800	5.61	4.48	[1 - 3]
quickRatioTTM	1.268	0.800	7.25	5.80	[0.8 - 2.5]
cashRatioTTM	0.0112	1.500	-1.049	-1.573	[0.2 - 2]
debtRatioTTM	0.0760	-1.500	8.73	-10.00	[0 - 0.6]
interestCoverageTTM	3.47	1.000	9.83	9.83	[3 - 30]
operatingCashFlowPerShareTTM	6.58	2.00	7.81	10.00	[0 - 30]
freeCashFlowPerShareTTM	6.58	2.00	6.71	10.00	[0 - 20]
debtEquityRatioTTM	0.132	-1.500	9.47	-10.00	[0 - 2.5]
grossProfitMarginTTM	0.286	1.000	8.57	8.57	[0.2 - 0.8]
operatingProfitMarginTTM	0.129	1.000	9.41	9.41	[0.1 - 0.6]
cashFlowToDebtRatioTTM	0.447	1.000	8.63	8.63	[0.2 - 2]
assetTurnoverTTM	0.727	0.800	8.49	6.79	[0.5 - 2]
Total Score				11.07

Dividend Growth Score (DGS)

Ratio	Actual Value	Weight	Normalized Value	Score	Range
peRatioTTM	176.10	1.000	10.00	0	[1 - 100]
returnOnEquityTTM	0.0878	2.50	-0.0874	-0.204	[0.1 - 1.5]
freeCashFlowPerShareTTM	6.58	2.00	7.81	10.00	[0 - 30]
dividendYielPercentageTTM	0.0243	1.500	9.39	0	[0 - 0.4]
operatingCashFlowPerShareTTM	6.58	2.00	7.81	10.00	[0 - 30]
payoutRatioTTM	0	1.500	0	0	[0 - 1]
pegRatioTTM	2.06	1.500	10.00	0	[0.5 - 2]
operatingCashFlowSalesRatioTTM	0.0468	1.000	-1.330	0	[0.1 - 0.5]
Total Score				4.85

Olectra Greentech Limited

Olectra Greentech Limited manufactures and supplies composite polymer insulators in India. The company operates through Composite Polymer Insulators and Electric Buses segments. It manufactures 1200kV, 330-420kV, 220-245kV, 110-132kV, 52-77kV, 33-36kV, 22-28kV, and 10-15kV insulators for transmission and distribution; and tonne, bracket tube, and stay arm insulators for railways. The also manufactures and sells electrical buses. In addition, it provides distribution transformers, as well as data analysis and IT consulting services. The company was formerly known as Goldstone Infratech Limited and changed its name to Olectra Greentech Limited in July 2018. Olectra Greentech Limited was founded in 1992 and is headquartered in Hyderabad, India.