Olectra Greentech Ltd.

OLECTRA GREENTECH LTD.
Introduction
Olectra Greentech Ltd (Formerly Goldstone Infratech Ltd) is a public listed
company. It was founded in 1992 in Hyderabad. It is a part of the highly
diversified Goldstone Group, with major interests in Composite Insulators,
Amorphous core-distribution transformers, Data Analysis, IT consulting and
Electric Buses. GIL is currently traded on the Bombay Stock Exchange (BSE),
the National Stock Exchange (NSE).
GIL is an ISO-9001:2008 certified company and its R & D Center is recognized
by the Department of Scientific and Industrial Research, Govt. of India. GIL is a
market leader through creative technologies and commitment to excellence.
GIL is the largest manufacturer and suppliers of Composite Insulators in India.
Composite Insulators are well used across the globe as a significant technology
breakthrough.
Mission and Vision

Mission:
At Olectra, We have a mission to be the largest supplier of Silicon composite
rubber Insulators insulating the Power transmission and distribution industry in
India and the World. To do this we have established an advanced manufacturing
plant with professional workforce so that we can provide exceptional service to
our end customers.
Vision:
“We believe that we are growing to change the conventional insulators with
innovative products as silicon composite insulators. We are constantly focusing
on innovating. We believe in the simple not the complex. We believe that we
need to own and control the primary technologies behind the products that we
make. We believe in giving the best service to our customer with best quality
and timely supply. We believe in deep collaboration and cross-pollination of our
groups, which allow us to innovate in a way that others cannot. And frankly, we
don’t settle for anything less than excellence in every group in the company,
and we have the self-honesty to admit when we’re wrong and the courage to
change.
Products:
 Composite insulators:
Composite insulators are used in electrical equipment to support and
separate electrical conductors without allowing current to pass through
the insulators. Silicone rubber is the most widely used polymeric
insulation material for high voltage products. composite insulators have
excellent performance in all climates and harsh conditions such as
coastal, desert and industrial environments.
 Amorphous core-distribution transformers

An amorphous metal transformer is a type of energy efficient
transformer found on electric grids. The magnetic core of this transformer
is made with a ferromagneticamorphous metal. These materials have
high magnetic susceptibility, very low coercivity and high electrical
resistance. The high resistance and thin foils lead to low losses by eddy
currents when subjected to alternating magnetic fields.
 Data analysis
 IT consulting
 Electric buses:
A battery electric bus is an electric bus that is driven by an electric motor
and obtains energy from on-board batteries
It does research and development in the following areas:

 Product construction
 Production and testing facilities
 Approvals and certifications
Financial highlights
General review of operations –
During the year under review, your Company has achieved a gross turnover of
Rs. 16,421.53 lakhs as against Rs.11,406.64 lakhs for the previous financial
year. The Net Profit for the year ended 31st March, 2018 was Rs. 889.27 Lakhs
as against Rs. 841.94 Lakhs for the year ended 31st March 2017. The Company
has started commercial production and delivery of electric buses during the
financial year.
Dividend
No dividend is recommended for the financial year 2017-18 to conserve funds
to meet business expansion and development plans of the Company.
Transfer to general reserves

No amount has been transferred to Reserves during the year.
Changes in capital structure

The Authorised Share Capital of the Company now stands at Rs.60,00,00,000/-
(Rupees Sixty Crores Only), divided into 15,00,00,000 (Fifteen Crores Only)
Equity Shares of Rs.4/- each. The Paid Up Equity Share Capital of the
Company as on March 31, 2018 is as follows: During the year under review,
1,41,00,000 equity shares were issued and allotted under preferential basis to
non-promoters at a price of Rs.80.10/- each, including premium of Rs. 76.10/-
each. In addition, the Company issued, on preferential basis to the Promoter
Group, 54,00,000 Convertible warrants of Rs.4/- each at a premium of
Rs.76.10/- per warrant amounting to Rs.43,25,40,000/- and 25% consideration
of Rs. 10,81,35,000/- was received up to March 31, 2018.
Analysis of financial aspects:

 Stock is trading at 9.37 times its book value
 Though the company is reporting repeated profits, it is not paying out
dividend
 Company has low interest coverage ratio.
 Company has a low return on equity of 8.23% for last 3 years.
 Company might be capitalizing the interest cost
 Earnings include an other income of Rs.13.62 Cr.
 Company is expected to give good quarter
 Promoter's stake has increased

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OLECTRA GREENTECH LTD.

Mission and Vision

 Amorphous core-distribution transformers

It does research and development in the following areas:

Transfer to general reserves

Changes in capital structure

Analysis of financial aspects:

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