Green Energy stock which is an integrated solar energy solutions provider engaged in offering EPC and O&M services for power plants, solar systems, pumping systems, and many others jumped 3 percent in the day’s trade upon receiving work orders worth Rs. 2.92 Crores.
Price Action
With a market capitalization of Rs. 1,002 Crores, the shares of Ganesh Green Bharat Limited were trading at Rs. 403.90 per equity share, up 1.6 percent from its previous day’s close price of Rs. 397.75.
What Happened
Ganesh Green Bharat Limited has received a new work order worth Rs. 2.92 Crores from Sigma Moto Controls for the supply of 12.84 MW of Monocrystalline DCR Modules, Solar PV Modules at specified locations in Maharashtra.
About the Company
Ganesh Green Bharat Limited is an integrated solar energy solutions provider specializing in Solar PV Module manufacturing, Solar Systems and Allied Services, Electrical Contracting, and Water Supply Scheme Projects. It engaged in offering EPC and O&M services for power plants, solar systems, pumping systems, water supply systems, solar home lights, street lights, and high mast lighting.
Its segment-wise revenue mix consists of Solar PV Modules 53 percent, Electrical Contracting Services 30 percent, Solar System & Allied Services 11 percent, and Water Supply Scheme Projects 6 percent. It has a strong order book of Rs. 327.44 Crores.
Financials and Ratios
Its revenue from operations grew by 89 percent from Rs. 90 Crores in FY23 to Rs. 170 Crores in FY24, accompanied by profits of Rs. 8 Crores to Rs. 22 Crores.
In terms of Return ratios, it has reported a return on equity (ROE) of 43 percent, and a Return on capital employed (ROCE) of 38.5 percent. It has reported a debt-to-equity ratio of 0.94.
Written by: Bharath K.S
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