Olectra Greentech Share Price Target 2026: Stock Analysis, Share Price Today, Bull Case and Bear Case After Q1 FY27
- May 12, 2026
- Posted by: Chaitanya Auti
- Category: News
Olectra Greentech Rs 1,102.90 (6 Oct 2026 close). 52-week range Rs 866.60 to Rs 1,578. Q1 FY27 revenue Rs 576 cr, up 66%; profit Rs 26.7 cr, flat.
Quick Answer
The Olectra Greentech share price target for 2026 is Rs 1,026 to Rs 1,242, which is between 7 percent below and 13 percent above the last close of Rs 1,102.90, with bull and bear cases of Rs 1,564 to Rs 1,768 and Rs 540 to Rs 648. Olectra Greentech reported Q1 FY27 consolidated revenue up 66 percent to Rs 575.5 crore but profit flat at about Rs 26.7 crore, as Energy division margin fell to 24.1 percent from 39.3 percent on raw material costs. Electric bus deliveries rose 122 percent to 358, the order book is about 8,000 buses, and the stock is down 27 percent in a year at 50 times earnings against an industry average of 24 times. No brokerage price target was available on the sources we track as of 6 October 2026, so every range below is a Univest research scenario.
The Olectra Greentech share price target for 2026 is Rs 1,026 to Rs 1,242 in the Univest base case, with the stock at Rs 1,102.90 at the 6 October 2026 close. That is 30.1 percent below its 52-week high of Rs 1,578.00 and 27.3 percent above its 52-week low of Rs 866.60, and the stock moved down 27.3 percent over the past year. Olectra Greentech makes electric buses and composite insulators and was the first Indian company to deliver 4,000 electric buses. Debt to equity is 0.31 and the dividend yield is 0.05 percent.
Three things changed since the last update: Q1 FY27 results on 13 August showed revenue up 66 percent on flat profit, the stock fell about 4 percent, and it dropped 9.2 percent in the week of 28 September. This Olectra Greentech stock analysis covers the Olectra Greentech share price today, the Olectra Greentech share price target for 2026, 2027 and 2030, the Q1 FY27 numbers, catalysts and risks, key price levels and a Olectra Greentech buy or sell view.
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What Is the Olectra Greentech Share Price Target for 2026?
The 2026 target for Olectra Greentech shares is Rs 1,026 to Rs 1,242 in the Univest base case, which is -7.0% to +12.6% against the last close. The bull case is Rs 1,564 to Rs 1,768 and the bear case is Rs 540 to Rs 648. No brokerage price target was available on the sources we track as of 6 October 2026, so every range below is a Univest research scenario. Analyst consensus is used as a cross-check, not as the base.
Olectra Greentech Share Price Target Scenarios: Bull Case, Base Case and Bear Case
| Scenario | FY28E EPS | Target Multiple | Price Target (Rs) | Move vs Rs 1,102.90 |
|---|---|---|---|---|
| Bull Case | Rs 34 | 46x to 52x | 1,564 to 1,768 | +41.8% to +60.3% |
| Base Case | Rs 27 | 38x to 46x | 1,026 to 1,242 | -7.0% to +12.6% |
| Bear Case | Rs 18 | 30x to 36x | 540 to 648 | -51.0% to -41.2% |
FY28 EPS of Rs 27 in the base case compares with trailing EPS of Rs 21.95 and assumes bus deliveries keep rising and Energy margin recovers part of the way. The stock trades at about 41 times the base estimate. The PE multiple used for each case is shown in the table, and the EPS estimate is a Univest assumption, not company guidance. Those assumptions set the Olectra Greentech share price target range around the current price.
Olectra Greentech Company Overview and Share Price Today as of 6 October 2026
Olectra Greentech share price today is Rs 1,102.90 on the NSE at the 6 October 2026 close, before the market opens on 7 October. The market capitalisation is Rs 9,054 crore, and the stock trades at 50 times earnings against an industry average of 24 times. The Univest base case Olectra Greentech share price target of Rs 1,026 to Rs 1,242 is -7.0% to +12.6% from here. The table below sets out the key numbers behind the Olectra Greentech share price target.
| Parameter | Value | Context |
|---|---|---|
| NSE Ticker | OLECTRA | BSE code 532439 |
| Sector | Electric buses and insulators | Per Univest sector classification |
| Last Close (NSE) | Rs 1,102.90 | 6 Oct 2026 close |
| 52-Week High | Rs 1,578.00 | CMP is 30.1% below |
| 52-Week Low | Rs 866.60 | CMP is 27.3% above |
| 1-Year Return | About -27% | Weekly close Rs 1517.4 on 10 Oct 2025 to Rs 1102.9 |
| Market Capitalisation | Rs 9,054 crore | Small cap electric vehicle maker |
| Trailing P/E | About 50.3x | Industry P/E about 23.98x |
| P/B Ratio | About 7.40x | Book value Rs 149.15 per share |
| EPS (TTM) | Rs 21.95 | Trailing twelve months |
| Return on Equity | About 14.5% | Debt to equity 0.31 |
| Dividend Yield | About 0.05% | Small dividend |
| 12-Month Target (Base Case) | Rs 1,026 to Rs 1,242 | Univest base case |
| Bull Case | Rs 1,564 to Rs 1,768 | +41.8% to +60.3% |
| Bear Case | Rs 540 to Rs 648 | -51.0% to -41.2% |
Track live price, fundamentals and results for Olectra Greentech on the Univest Screener.
How Did Olectra Greentech Perform in Q1 FY27?
Olectra Greentech reported Q1 FY27 consolidated revenue of Rs 575.5 crore, up 66 percent from Rs 347.2 crore, and profit after tax of Rs 26.7 crore, about flat on Rs 26.0 crore. EBITDA rose 30 percent to Rs 72.9 crore and EPS was Rs 3.16. Together these Q1 FY27 numbers anchor the Olectra Greentech share price target.
| Metric | Q1 FY27 | Context |
|---|---|---|
| Consolidated Revenue | Rs 575.5 crore | Up 66% YoY |
| EBITDA | Rs 72.9 crore | Up 30% YoY |
| Profit After Tax | Rs 26.7 crore | About flat; EPS Rs 3.16 |
| Mobility Revenue | Rs 494.6 crore | Up 69%; margin 14.7% |
| Energy Revenue | Rs 80.9 crore | Margin 24.1% against 39.3% in Q4 |
| Bus Deliveries | 358 | Up 122% from 161 |
The order book is about 8,000 buses, including 1,085 in Telangana and 155 lowest-bidder buses in Rajasthan. Of about 2,000 buses ordered or registered by state transport undertakings in Q1, about 1,400 were electric.
The Mobility division is run on a gross cost contract model with state transport undertakings, which gives predictable cash once buses are accepted. The company delivered its 4,000th electric bus during the quarter and clocked over 740 million green kilometres across its fleet. Management said the new manufacturing facility is running steadily, which supports the delivery ramp planned for the rest of FY27.
The FY27 outlook from management is the main input for these estimates. These numbers sit behind every range in the scenario table above, so they anchor the Olectra Greentech share price target.
Why Is Olectra Greentech Share Price Down 30 Percent From Its High?
Olectra Greentech shares are about 30 percent below the Rs 1,578 high of the week of 6 October 2025 because profit has not kept up with revenue. The stock fell 6 percent in the week of 17 November and 5.7 percent the week after, and hit Rs 866.60 in the week of 16 March 2026.
A 24.6 percent jump in the week of 16 March on 2 crore shares and 17 percent in the week of 15 June did not hold. After Q1 results the stock fell 4 percent, and it dropped 9.2 percent in the week of 28 September. The Olectra Greentech share price target scenarios below account for that move.
Key Catalysts for the Olectra Greentech Share Price Target in 2026
4 catalysts matter most for the Olectra Greentech share price target, and sector tailwinds in Electric buses and insulators are part of the case. Together they decide whether the base case is reached.
1. Bus Deliveries
Deliveries rose 122 percent to 358. Faster delivery lifts revenue and spreads fixed costs. If it plays out, the Olectra Greentech share price target moves toward the top of the base range.
2. Order Book
About 8,000 buses are on order, including 1,085 in Telangana. State transport units are choosing electric buses. Strength here would support the upper end of the Olectra Greentech share price target.
3. Mobility Margin
Mobility EBITDA margin is 14.7 percent. Higher volume could lift it further. Delivery on this point keeps the Olectra Greentech share price target on track.
4. Energy Recovery
Energy EBITDA margin fell to 24.1 percent on raw material costs. A recovery would lift profit. Better news here would lift the Olectra Greentech share price target toward the bull case.
What Are the Key Risks to the Olectra Greentech Share Price Target?
The main risks are thin profit growth, raw material costs, order readiness and a high valuation. Each can pull the Olectra Greentech share price target lower.
Thin Profit Growth
Profit was flat on 66 percent revenue growth. Further margin loss would hold EPS down. If it materialises, the Olectra Greentech share price target would slip toward the bear case.
Raw Material Costs
Energy margin fell 15 points from Q4 FY26. A further rise in costs would hit profit. This is the main downside risk to the Olectra Greentech share price target.
Order Readiness
State transport units must be ready to take buses. Delays push out revenue. A worsening here would cut the Olectra Greentech share price target toward the low end of the range.
High Valuation
The stock trades at 50 times earnings and 7.4 times book value. A bear case EPS of Rs 18 at 30 times would put the price near Rs 540. Watch it closely, because it can pull the Olectra Greentech share price target lower quickly.
Olectra Greentech Stock Analysis: Support and Resistance Levels for the Share Price Target
Olectra Greentech stock analysis on weekly charts shows a range of Rs 1,070 to Rs 1,295 since mid-September, with the stock at the lower end.
The first support level is Rs 1,070 to Rs 1,076, the lows of the weeks of 5 and 28 September. Below that, Rs 1,155 held in mid-September, and Rs 866.60 is the March low.
The first resistance level is Rs 1,115.50 to Rs 1,204, the highs of the weeks of 5 and 28 September. Above that, Rs 1,238 to Rs 1,295 marks the September highs and Rs 1,355 to Rs 1,421 marks the July and August highs. These levels come from weekly price action, are not trade recommendations, and frame the near-term Olectra Greentech share price target.
Olectra Greentech Share Price Target 2026, 2027 and 2030: Short, Medium and Long Term
Short-Term Olectra Greentech Share Price Target (3 to 6 Months)
In the near term the stock is likely to trade between Rs 1,070 and Rs 1,204, from the early-October low to the high of the week of 28 September. A close above Rs 1,204 would put Rs 1,295 in play, while a weekly close under Rs 1,070 would put Rs 1,000 in play. The Q2 FY27 results are the main trigger. This range anchors the near-term Olectra Greentech share price target.
12-Month and 2027 Olectra Greentech Share Price Target
The 12-month target price is Rs 1,026 to Rs 1,242, valued on 38 to 46 times FY28 EPS of Rs 27. The range across scenarios runs from Rs 540 in the bear case to Rs 1,768 in the bull case.
Long-Term Olectra Greentech Share Price Target for FY29 to 2030
For FY29 to 2030 the Univest scenario range is Rs 1,224 to Rs 1,890. This assumes EPS of Rs 36 in FY29 and Rs 45 in FY30 and a multiple of 34 to 42 times. It needs the order book of about 8,000 buses to be delivered and Energy margin to recover. This is the long-term Olectra Greentech share price target in the Univest scenarios.
Bull Case and Bear Case for Olectra Greentech Share Price Target
Bull Case Rs 1,564 to Rs 1,768
The bull case of Rs 1,564 to Rs 1,768 for the Olectra Greentech share price target needs EPS of Rs 34 and the market to pay 46 to 52 times for it. It is +41.8% to +60.3% from the last close.
Bear Case Rs 540 to Rs 648
The bear case of Rs 540 to Rs 648 for the Olectra Greentech share price target equals 30 to 36 times FY28 EPS of Rs 18 and sits below the Rs 866.6 low. It is -51.0% to -41.2% from the last close.
Is Olectra Greentech a Good Buy at Rs 1,103? Olectra Greentech Buy or Sell View
Whether Olectra Greentech is a buy at Rs 1,102.90 depends on horizon and risk appetite. The base case sits between 7 percent below and 13 percent above the current price, the stock is 30 percent below its high, and the open question is margin. The Olectra Greentech share price target range is the starting point for that decision.
Long-term holders may focus on deliveries, the order book and margin, and treat Rs 1,070 as the level to watch. Short-term traders may prefer to wait for a close above Rs 1,204. Check institutional holding in the September quarter filing for signs of accumulation or selling. Consult a SEBI-registered advisor before acting, since this Olectra Greentech buy or sell view is educational.
How to Invest in Olectra Greentech Shares
Step 1: Check the live price, valuation and the latest Olectra Greentech share price target range on the Univest Screener.
Step 2: Open a demat and trading account with a SEBI-registered broker such as Univest before acting on any Olectra Greentech share price target.
Step 3: Search for OLECTRA on the NSE or 532439 on the BSE in your trading app.
Step 4: Place a limit order near your planned entry and size the position so a fall to Rs 540 is bearable.
Step 5: Track bus deliveries, Energy margin and Q2 FY27 results and set price alerts on the Univest App to follow any change in the Olectra Greentech share price target.
Conclusion
Olectra Greentech closed at Rs 1,102.90 against a Univest base case share price target of Rs 1,026 to Rs 1,242, a bull case of Rs 1,564 to Rs 1,768 and a bear case of Rs 540 to Rs 648. Q1 FY27 delivered revenue growth of 66 percent but flat profit, with an order book of about 8,000 buses. The main risks are thin profit growth, raw material costs and valuation.
The stock is 30.1 percent below its 52-week high, so the base case sits between 7 percent below and 13 percent above the current price. The triggers to watch are bus deliveries, Energy margin and Q2 FY27 results and the Rs 1,070 and Rs 1,204 levels. Re-check the Olectra Greentech share price target after each quarterly result. Investors with a long horizon and tolerance for volatility can track these triggers, while others may prefer to size positions carefully.
Download the Univest iOS App or Univest Android App to track Olectra Greentech live price and get daily stock recommendations.
Disclaimer: Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).
FAQs on Olectra Greentech Share Price Target 2026
What is the Olectra Greentech share price target for 2026?
Ans. The Olectra Greentech share price target for 2026 is Rs 1,026 to Rs 1,242 in the Univest base case, with a bull case of Rs 1,564 to Rs 1,768 and a bear case of Rs 540 to Rs 648. No brokerage target was available on the sources we track as of 6 October 2026, so these are Univest research scenarios. These are estimates and can change after the Q2 FY27 results.
What is the Olectra Greentech share price target for 2027?
Ans. The Olectra Greentech share price target for 2027 is Rs 1,026 to Rs 1,242 in the base case, valued on 38 to 46 times FY28 EPS of Rs 27. The scenario range runs from Rs 540 to Rs 1,768.
Is Olectra Greentech a good buy at Rs 1,102.90?
Ans. Whether Olectra Greentech is a good buy at Rs 1,102.90 depends on your horizon, risk appetite and how you read the Olectra Greentech share price target. Revenue is growing 66 percent with a large order book, but profit is flat and the stock trades at about 50 times earnings. Consult a SEBI-registered advisor before investing.
What are the key risks to the Olectra Greentech share price target?
Ans. The key risks to the Olectra Greentech share price target are thin profit growth, raw material costs, order readiness and high valuation. Profit was flat on 66 percent revenue growth. Further margin loss would hold EPS down.
What are the key catalysts for the Olectra Greentech share price target?
Ans. The key catalysts for the Olectra Greentech share price target are bus deliveries, order book, mobility margin and energy recovery. Deliveries rose 122 percent to 358. Faster delivery lifts revenue and spreads fixed costs.
Where can I track Olectra Greentech share price today and Olectra Greentech share price target updates?
Ans. You can track the live Olectra Greentech share price, results and any change to the Olectra Greentech share price target on the Univest Screener and the Univest App. Download the Univest iOS App or Univest Android App for research from SEBI-registered analysts.
What are Olectra Greentech’s 52-week high and low?
Ans. Olectra Greentech’s 52-week high is Rs 1,578.00 and its 52-week low is Rs 866.60, based on weekly NSE data. At Rs 1,102.90 the stock is 30.1 percent below the high and 27.3 percent above the low. Both levels frame the Olectra Greentech share price target.
How to buy Olectra Greentech shares?
Ans. Open a demat account with a SEBI-registered broker such as Univest, search for OLECTRA on the NSE or 532439 on the BSE, and place a limit order near your entry price, using the Olectra Greentech share price target range as a guide. Size the position so a fall to Rs 540 is bearable, and check the live price on the Univest Screener first.