Is Olectra Greentech the Best Stock in Its Sector? A Look at the Numbers
- September 16, 2026
- Posted by: Harsh Piplani
- Category: Market
Olectra Greentech CMP Rs 1,181 (16 Sep 2026). Market cap Rs 9,691 Cr. ROE 14.46%. P/E 53.79x versus Industry P/E 25.81x.
Quick Answer
Olectra Greentech is one of the names investors compare when screening the Automobile & Ancillaries sector, built on a 14.46% return on equity and a P/E of 53.79x against an Industry P/E of 25.81x. Olectra Greentech Ltd manufactures electric buses and composite polymer insulators, positioning it as one of India’s established electric bus makers for state transport undertakings. Whether Olectra Greentech is the best stock in its sector depends on whether an investor is optimising for return ratios, valuation, or both. This article breaks down the metrics, including a comparison against named Automobile & Ancillaries sector peers, so you can judge that for yourself.
Is Olectra Greentech the best stock in its sector? The stock trades on the NSE at Rs 1,181 as of 16 September 2026, within its 52-week range of Rs 866.60 to Rs 1,714.20. Olectra Greentech Ltd manufactures electric buses and composite polymer insulators, positioning it as one of India’s established electric bus makers for state transport undertakings.
Olectra Greentech sits in the Automobile & Ancillaries sector, and its 14.46% ROE and 53.79x P/E give a starting point for judging where it stands against comparable listed names. The rest of this article compares those numbers against verified peers and the sector’s Industry P/E benchmark.
Also read – Is Abbott India the Best Stock in Its Sector? A Look at the Numbers
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About Olectra Greentech
Olectra Greentech Ltd manufactures electric buses and composite polymer insulators, positioning it as one of India’s established electric bus makers for state transport undertakings. At a market capitalisation of Rs 9,691 Cr, it is tracked as part of the Automobile & Ancillaries sector on Univest.
Is Olectra Greentech the Best Stock in Its Sector?
Olectra Greentech makes its case as the best stock in its sector primarily on valuation relative to its Industry P/E, combining a 14.46% ROE with a 53.79x P/E against the sector’s 25.81x Industry P/E. Olectra Greentech’s 53.79x P/E is well above the 25.81x Industry P/E and above JBM Auto and Motherson Sumi Wiring in this comparison, a premium built on its electric bus order book growth rather than current auto ancillary margins.
| Metric | Olectra Greentech |
|---|---|
| CMP (NSE) | Rs 1,180.80 |
| 52-Week High / Low | Rs 1,714.20 / Rs 866.60 |
| Market Cap | Rs 9,691 Cr |
| P/E (TTM) vs Industry P/E | 53.79x vs 25.81x |
| P/B | 7.92 |
| ROE | 14.46% |
| EPS (TTM) | Rs 21.95 |
| Dividend Yield | 0.05% |
| Debt to Equity | 0.31 |
Compare Olectra Greentech Against Other Automobile & Ancillaries Sector Stocks
How Olectra Greentech Compares Against Its Automobile & Ancillaries Sector Peers
The table below sets Olectra Greentech against 3 other Automobile & Ancillaries sector names, using the same live data source for every company. A peer average row is included for P/E, ROE and debt to equity, calculated across the 3 peer companies.
| Company | Market Cap (Rs Cr) | P/E | ROE | Debt to Equity |
|---|---|---|---|---|
| Olectra Greentech | 9,691 | 53.79 | 14.46% | 0.31 |
| JBM Auto | 14,300 | 58.76 | 14.22% | 1.97 |
| Motherson Sumi Wiring India | 23,251 | 36.91 | 28.92% | 0.11 |
| Apollo Tyres | 26,519 | 15.52 | 12.39% | 0.22 |
| Peer average (3 companies) | – | 37.06 | 18.51% | 0.77 |
Against this peer set, Olectra Greentech’s 14.46% ROE is below the 18.51% peer average, and its P/E of 53.79x runs above the peer average of 37.06x. Olectra Greentech’s 53.79x P/E is well above the 25.81x Industry P/E and above JBM Auto and Motherson Sumi Wiring in this comparison, a premium built on its electric bus order book growth rather than current auto ancillary margins.
What Makes Olectra Greentech Worth Watching in Automobile & Ancillaries
- Solid ROE: A 14.46% ROE is a reasonable figure for a business scaling electric bus manufacturing capacity.
- Established electric bus maker: Being one of the earlier entrants in electric bus manufacturing gives Olectra Greentech order-book relationships with state transport undertakings.
- Premium valuation: A 53.79x P/E against a 25.81x Industry P/E prices in continued strong growth in India’s electric bus adoption.
Olectra Greentech Valuation: Is It Justified?
Olectra Greentech’s 53.79x P/E is well above the 25.81x Industry P/E and above JBM Auto and Motherson Sumi Wiring in this comparison, a premium built on its electric bus order book growth rather than current auto ancillary margins. As with any single stock, investors should weigh this against their own valuation discipline and risk appetite rather than the sector label alone.
Also read – Is Bata India the Best Stock in Its Sector? A Look at the Numbers
Download the Univest iOS App or Univest Android App to track Olectra Greentech and other Automobile & Ancillaries sector stocks.
How to Track Olectra Greentech Before You Invest
Before deciding whether Olectra Greentech deserves its label as the best stock in its sector for your own portfolio, compare it directly against Automobile & Ancillaries sector peers using the steps below.
- Open the Univest Screener and search for Olectra Greentech to view live price, valuation ratios, and peer comparisons within the Automobile & Ancillaries sector.
- Compare its P/E, P/B, and ROE against other Automobile & Ancillaries sector stocks before deciding if the current valuation fits your strategy.
- Set a price alert around key support and resistance zones using the Univest app so you are notified of meaningful moves.
- Open a broking account on Univest if you decide to add the stock, and size the position based on your own risk appetite and portfolio allocation.
Conclusion
Olectra Greentech earns a place in the best stock in its sector conversation on the strength of a 14.46% ROE and a P/E of 53.79x against a 25.81x Industry P/E, with named peer comparisons in this article backing up that picture. As with any individual stock decision, this analysis is educational and investors should do their own research or consult a SEBI-registered advisor before investing.
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).
Is Olectra Greentech the best stock in its sector?
Ans. Olectra Greentech has a 14.46% ROE and trades at 53.79x P/E against a 25.81x Industry P/E, and compares below the peer average ROE of 18.51% in this article’s named comparison, so the answer depends on what an investor is prioritising.
What is the current share price of Olectra Greentech?
Ans. Olectra Greentech was trading at Rs 1,180.80 on the NSE as of 16 September 2026, within its 52-week range of Rs 866.60 to Rs 1,714.20.
What sector does Olectra Greentech belong to?
Ans. Olectra Greentech is classified under the Automobile & Ancillaries sector on Univest.
How does Olectra Greentech compare to its sector peers on P/E?
Ans. Olectra Greentech’s P/E of 53.79x is above the 37.06x average of the 3 named peers compared in this article.
What is Olectra Greentech’s return on equity?
Ans. Olectra Greentech reported a return on equity of 14.46%, which is below the 18.51% average of its named peers in this comparison.
Should I invest in Olectra Greentech based on its sector position?
Ans. Olectra Greentech’s sector position and metrics make it worth researching further, but any investment decision should factor in your own risk appetite, its valuation relative to peers, and independent research or advice from a SEBI-registered advisor.
