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 upto 7 percent in the day’s trade upon receiving work orders worth Rs. 40 Crores for supply of solar modules and setting up solar street lights.
Price Action
With a market capitalization of Rs. 1,118 Crores, the shares of Ganesh Green Bharat Limited were trading at Rs. 452 per equity share, up 4 percent from its previous day’s close price of Rs. 433.95.
What Happened
Ganesh Green Bharat Limited an integrated solar energy solutions provider specializing in Solar PV Module manufacturing, Solar Systems, and Allied Services, has received two new work orders from Bihar Renewable Energy Development Agency (BREDA) and Matgrow Renewables Private Limited for a consideration of upto Rs. 40 Crores.
The first work order worth Rs. 15 Crores from BREDA involves the Empanelment of Executing Agencies for Design, Supply, Installation, Testing, and Commissioning with a Comprehensive Maintenance Contract for 5 years including a Remote Monitoring System (RMS) of Smart Solar Street Light System on the identified existing electric pole under ‘Mukhyamantri Gramin Solar Street Light Yojana’ in Bihar.
The second work order worth Rs.25 Crores involves the supply of 15.03 MW Monocrystalline Non-DCR Modules Solar PV modules to Matgrow Renewables Private Limited at Ahmedabad, Gujarat.
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. It has a strong order book of Rs. 394.26 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 134 percent from Rs. 59 Crores in H1FY24 to Rs. 138 Crores in H1FY25, accompanied by profits of Rs. 7 Crores to Rs. 13 Crores.
In terms of Return ratios, it has reported a return on equity (ROE) of 13.93 percent, and a Return on capital employed (ROCE) of 19.54 percent. It has reported a debt-to-equity ratio of 0.17
Written by: Bharath K.S
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