From Rs 189 to Rs 693: Lets dig deeper into this small-cap companys 'Olectrifying' performance!

This S&P BSE Smallcap has not just proven to be environmentally friendly but also investor friendly!

The company is a multibagger as the share price witnessed a remarkable surge from Rs 189.2 on June 9, 2021, to Rs 693 on June 9, 2022. The company delivered 5.8 per cent returns in the same period.  

What does this company do?  

Olectra Greentech Limited (Olectra) – a subsidiary of MEIL Group is India’s largest Pure Electric Bus manufacturer having manufacturing facilities in Hyderabad, India. The company  has delivered almost 266 per cent returns in a year.  

Olectra is India’s first-ever electric bus manufacturer having manufactured and deployed all variants of Electric Buses in India. After leading in the commercial run of electric buses, the company is expanding its product line in the e-mobility segment for 3-wheeler electric autos and electric trucks.   

The company is achieving new milestones. On May 24 the company received huge orders from Brihanmumbai Electric Supply & Transport (BEST). The order deal was worth Rs 3,675 crore for supplying 2,100 electric buses.  

For the year ended 31 March 2022, on a consolidated basis, the company has reported sales of Rs 271.30 crore as compared to a revenue of Rs 147.88 crore for the previous year, witnessing a gain of 83.46 per cent. The net profit of the company increased by 77.48 per cent to Rs 17.08 crore for the current year compared to Rs 9.62 crore for the year ended March 31, 2022.  

The company has a 52-week high of Rs 940.45 and a 52-week low of Rs 172.75. Today, at 11:40am the company is trading at Rs 682.