Green Energy stock 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 4 percent in the day’s trade upon receiving a new work order worth Rs. 4.48 Crores to install solar borewells.
Price Action
With a market capitalization of Rs. 1,216 Crores, the shares of Ganesh Green Bharat Limited were trading at Rs. 490 per equity share, up 0.25 percent from its previous day’s close price of Rs. 488.80. It has delivered a return of 36 percent in a year.
What Happened
Ganesh Green Bharat Limited an integrated solar energy solutions provider engaged in offering EPC and O&M services, has received a new work order from the Additional Chief Engineer PHED Region Udaipur for a consideration of ~Rs. 4.48 Crores.
The said work order is for the Designing, providing, installation and commissioning of 70 Solar Energy bore well water pumping systems, including comprehensive operation and maintenance for seven years under the Udaipur Solar Pangat Yojana, in various villages/towns of the PHED Region.
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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.
Ganesh Green Bharat Limited has a total manufacturing capacity of 236 MW and has a planned capacity expansion to 750 MW. As of Q1FY25 It also has a strong order book of Rs. 313 Crores.
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.
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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