Gita Renewable Energy Ltd

Gita Renewable Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Gita Renewable Energy Ltd

₹ 92.0 0.34%
24 Mar - close price
gitarenewable.com BSE: 539013
About

Gita Renewable Energy Limited was incorporated as a public limited Company in 2010 and is based in Chennai. The main object of the company is to generate power from renewable resources including Wind, Solar, and Hydro.

Key Points

Business Overview[1]
Presently, Gita Renewable has one business segment i.e. operation and maintenance services for power generation units.
The company used to operate with 25 windmills and a 10 MW waste heat recovery power plant but the generation of power from windmills was commercially not viable due to very less generation of power. Considering the same the company disposed of off the windmills during the year 2016. The waste heat recovery plant at Gummidipoondi also has not generated optimum power during the year.
Apart from this, various factors like volatility in prices, increase in the cost of production, lack of availability of raw materials at affordable prices, etc. have caused an impediment in the operations of the company.

Website BSE
  • Market Cap ₹ 37.8 Cr.
  • Current Price ₹ 92.0
  • High / Low ₹ 208 / 78.6
  • Stock P/E 3.30
  • Book Value ₹ 42.9
  • Dividend Yield 0.00 %
  • ROCE 10.4 %
  • ROE 24.5 %
  • Face Value ₹ 10.0
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Pros

  • Company has delivered good profit growth of 29.4% CAGR over last 5 years

Cons

  • Company has a low return on equity of -1.41% over last 3 years.
  • Earnings include an other income of Rs.8.61 Cr.
  • Company has high debtors of 9,140 days.
  • Working capital days have increased from -17,005 days to 12,836 days

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: Power Generation & Distribution Industry: Power Generation And Supply

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Quarterly Results

Figures in Rs. Crores

Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022
0.09 0.09 0.06 0.06 0.06 0.27 0.06 0.06 0.06 4.58 0.06 0.06 0.06
0.12 0.08 0.05 1.35 13.04 0.12 0.09 0.07 3.11 1.08 0.20 0.29 0.19
Operating Profit -0.03 0.01 0.01 -1.29 -12.98 0.15 -0.03 -0.01 -3.05 3.50 -0.14 -0.23 -0.13
OPM % -33.33% 11.11% 16.67% -2,150.00% -21,633.33% 55.56% -50.00% -16.67% -5,083.33% 76.42% -233.33% -383.33% -216.67%
0.00 0.00 0.00 0.00 0.01 0.00 0.00 1.23 0.05 0.00 0.53 1.63 6.45
Interest 0.00 0.00 0.00 0.00 0.00 0.00 0.01 0.01 0.02 0.02 0.01 0.07 0.05
Depreciation 0.48 0.48 0.48 0.48 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Profit before tax -0.51 -0.47 -0.47 -1.77 -12.97 0.15 -0.04 1.21 -3.02 3.48 0.38 1.33 6.27
Tax % 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Net Profit -0.51 -0.47 -0.47 -1.77 -12.97 0.15 -0.04 1.21 -3.02 3.48 0.38 1.33 6.27
EPS in Rs -1.24 -1.14 -1.14 -4.30 -31.54 0.36 -0.10 2.94 -7.34 8.46 0.92 3.23 15.25
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 TTM
0 6 4 4 3 0 0 0 0 0 0 5
0 2 1 1 7 0 0 0 0 2 1 2
Operating Profit 0 5 4 3 -3 -0 -0 0 0 -1 -1 3
OPM % 74% 80% 81% -113% 19% 11% -567% -271% 63%
0 0 0 0 -0 1 0 0 0 -13 3 9
Interest 0 2 2 2 1 0 0 0 0 0 0 0
Depreciation 0 2 3 4 3 2 2 2 2 0 0 0
Profit before tax 0 0 -1 -2 -7 -1 -2 -2 -2 -14 2 11
Tax % 150% 33% 28% 115% 0% 0% 0% 0% 0% 0%
Net Profit 0 -0 -0 -2 1 -1 -2 -2 -2 -14 2 11
EPS in Rs -1.05 -3.79 2.65 -3.55 -4.91 -4.55 -4.26 -34.38 5.79 27.86
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: %
5 Years: %
3 Years: -13%
TTM: 958%
Compounded Profit Growth
10 Years: %
5 Years: 29%
3 Years: 48%
TTM: 774%
Stock Price CAGR
10 Years: %
5 Years: 67%
3 Years: 154%
1 Year: -54%
Return on Equity
10 Years: -3%
5 Years: -5%
3 Years: -1%
Last Year: 24%

Balance Sheet

Figures in Rs. Crores

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Sep 2022
0 4 4 4 4 4 4 4 4 4 4 4
Reserves 0 22 22 20 21 20 18 16 14 -1 12 14
0 59 55 52 4 1 0 0 0 0 26 30
0 14 10 9 43 41 41 41 39 35 1 2
Total Liabilities 0 98 91 86 73 66 63 61 56 39 43 49
0 46 43 39 26 24 22 21 19 0 0 0
CWIP 0 0 0 0 0 0 0 0 0 0 0 0
Investments 0 0 0 0 0 0 0 0 2 5 29 39
0 53 48 46 47 41 40 40 36 34 14 11
Total Assets 0 98 91 86 73 66 63 61 56 39 43 49

Cash Flows

Figures in Rs. Crores

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
0 25 2 4 38 1 -0 7 7 -23 -24
0 -30 3 1 11 -0 0 -7 -6 28 -4
0 5 -5 -5 -49 -1 -0 0 0 0 26
Net Cash Flow 0 0 -0 0 0 -0 0 -0 1 5 -2

Ratios

Figures in Rs. Crores

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Debtor Days 1,226 1,618 1,668 1,975 7,280 375 28,759 9,140
Inventory Days
Days Payable
Cash Conversion Cycle 1,226 1,618 1,668 1,975 7,280 375 28,759 9,140
Working Capital Days 779 1,270 1,319 -2,440 -28,470 -38,802 -25,048 12,836
ROCE % 5% 1% -0% -11% -4% -9% -9% -9% -11% 10%

Shareholding Pattern

Numbers in percentages

Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022
70.85 70.85 73.05 73.05 73.05 73.05 73.05 73.05 73.05 73.05 73.05 73.05
29.15 29.15 26.95 26.95 26.95 26.95 26.95 26.95 26.95 26.95 26.95 26.95

Documents

Announcements

Annual reports