Read on Twitter
1. About:
The company manufactures polymer insulators since 2003.
The company has tied up with BYD for manufacturing of electric buses.
It has successfully delivered a total of ~1047 e-buses to various state transport undertakings in India and a few private parties till… twitter.com/i/web/status/1…
The company manufactures polymer insulators since 2003.
The company has tied up with BYD for manufacturing of electric buses.
It has successfully delivered a total of ~1047 e-buses to various state transport undertakings in India and a few private parties till… twitter.com/i/web/status/1…
2. Current Scenario:
India has approximately 2.45 Lakh public transport buses and need additionally more than 2 Lakh buses to cater to the demand and to improve ratio of buses per 1000
population which is far below the ratio when compared to countries like China, Brazil, Mexico.
India has approximately 2.45 Lakh public transport buses and need additionally more than 2 Lakh buses to cater to the demand and to improve ratio of buses per 1000
population which is far below the ratio when compared to countries like China, Brazil, Mexico.
3. Demand scenario
NITI Aayog mandated Convergence Energy Services Limited (CESL) for an additional procurement of 50,000 Electric buses in the
next few years. This number is less than 10% of total buses running in India. The STUs apart from operating city buses are also… twitter.com/i/web/status/1…
NITI Aayog mandated Convergence Energy Services Limited (CESL) for an additional procurement of 50,000 Electric buses in the
next few years. This number is less than 10% of total buses running in India. The STUs apart from operating city buses are also… twitter.com/i/web/status/1…
4. FAME ll 
5. Capacity Enhancement:
6. Financials
7. Key Strengths:
• Technological support from BYD China–
The company has a technological collaboration with BYD for procurement of e-bus battery, chassis, components, sub assemblies and spare parts.
BYD Co Ltd is a Chinese
manufacturer of automobiles, buses, forklifts,… twitter.com/i/web/status/1…
• Technological support from BYD China–
The company has a technological collaboration with BYD for procurement of e-bus battery, chassis, components, sub assemblies and spare parts.
BYD Co Ltd is a Chinese
manufacturer of automobiles, buses, forklifts,… twitter.com/i/web/status/1…
8. Current Fleet:
OGL has four models of electric buses namely V-2 (7 metres), iX
(9 metres), and X2 (12 metres), CX2 (12 meters coach model).
Furthermore, the company currently has also undertaken trials
successfully and completed homologation of electric tippers and electric… twitter.com/i/web/status/1…
OGL has four models of electric buses namely V-2 (7 metres), iX
(9 metres), and X2 (12 metres), CX2 (12 meters coach model).
Furthermore, the company currently has also undertaken trials
successfully and completed homologation of electric tippers and electric… twitter.com/i/web/status/1…
9. Experience:
The company has more than 15 years of experience in the manufacturing of the composite polymers insulators.
It supplies to reputed players like Power Grid Corporation of India Limited, Kalpataru Power Transmission Limited, MacLean Power Systems and Larsen &… twitter.com/i/web/status/1…
The company has more than 15 years of experience in the manufacturing of the composite polymers insulators.
It supplies to reputed players like Power Grid Corporation of India Limited, Kalpataru Power Transmission Limited, MacLean Power Systems and Larsen &… twitter.com/i/web/status/1…
10. Order Book –
The company has a healthy orderbook for supplying 3220 E-buses as on December’2022, out
of which 1,125 E-buses orders are received under FAME II scheme.
These buses are to be supplied over a period of 12-15 months. The order book also includes 2100 buses… twitter.com/i/web/status/1…
The company has a healthy orderbook for supplying 3220 E-buses as on December’2022, out
of which 1,125 E-buses orders are received under FAME II scheme.
These buses are to be supplied over a period of 12-15 months. The order book also includes 2100 buses… twitter.com/i/web/status/1…
11. Risks:
• High working capital intensity
• Risk of delays in the execution in e-bus division
• Exposure to fluctuation in raw material prices
• Increasing competition in e-buses industry
• High working capital intensity
• Risk of delays in the execution in e-bus division
• Exposure to fluctuation in raw material prices
• Increasing competition in e-buses industry
12. Numbers and Ratios
Market Cap: ₹ 5,491 Cr.
Stock P/E: 83.7
RoCE: 13.3%
RoE: 8.11 %
PEG: 1.70
Price to Sales: 5.03
Int Coverage: 3.85
NPM: 6.13%
D/E: 0.16
Sales growth 3Years: 75.9 %
The company’s price multiples are above the market and also it’s historical figures.
Market Cap: ₹ 5,491 Cr.
Stock P/E: 83.7
RoCE: 13.3%
RoE: 8.11 %
PEG: 1.70
Price to Sales: 5.03
Int Coverage: 3.85
NPM: 6.13%
D/E: 0.16
Sales growth 3Years: 75.9 %
The company’s price multiples are above the market and also it’s historical figures.
13. Shareholding Pattern:
Promoter: 50.02%
FII: 9.03%
DII: 0.11%
Public: 40.85%
End of Thread—
Promoter: 50.02%
FII: 9.03%
DII: 0.11%
Public: 40.85%
End of Thread—
• • •
Missing some Tweet in this thread? You can try to
force a refresh
