GRE Renew Enertech Ltd
GRE Renew Enertech Limited is engaged in the business of solar energy solutions and LED lighting products.[1]
- Market Cap ₹ 144 Cr.
- Current Price ₹ 100
- High / Low ₹ 100 / 86.8
- Stock P/E 20.5
- Book Value ₹
- Dividend Yield 0.00 %
- ROCE 49.4 %
- ROE 41.9 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
- Company is almost debt free.
- Company has a good return on equity (ROE) track record: 3 Years ROE 56.6%
Cons
- Debtor days have increased from 29.5 to 41.2 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.
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
| Operating Profit |
| OPM % |
| Interest |
| Depreciation |
| Profit before tax |
| Tax % |
| EPS in Rs |
| Raw PDF |
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|
| 1.94 | 3.11 | 20.31 | 11.37 | 33.97 | 76.03 | 79.66 | |
| 1.82 | 2.77 | 19.03 | 10.89 | 32.56 | 65.09 | 69.94 | |
| Operating Profit | 0.12 | 0.34 | 1.28 | 0.48 | 1.41 | 10.94 | 9.72 |
| OPM % | 6.19% | 10.93% | 6.30% | 4.22% | 4.15% | 14.39% | 12.20% |
| 0.01 | 0.18 | 0.04 | 0.26 | 0.08 | 0.37 | 0.36 | |
| Interest | 0.10 | 0.27 | 0.49 | 0.38 | 0.30 | 0.39 | 0.32 |
| Depreciation | 0.09 | 0.24 | 0.15 | 0.13 | 0.16 | 0.23 | 0.31 |
| Profit before tax | -0.06 | 0.01 | 0.68 | 0.23 | 1.03 | 10.69 | 9.45 |
| Tax % | 0.00% | 0.00% | 25.00% | -8.70% | 26.21% | 24.70% | 25.82% |
| -0.06 | 0.01 | 0.50 | 0.25 | 0.77 | 8.05 | 7.01 | |
| EPS in Rs | -4.00 | 0.67 | 4.00 | 2.00 | 6.16 | 64.40 | 6.66 |
| Dividend Payout % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 38% |
| 5 Years: | % |
| 3 Years: | 91% |
| TTM: | 5% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 93% |
| 5 Years: | % |
| 3 Years: | 204% |
| TTM: | -10% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | % |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 57% |
| Last Year: | 42% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|
| Equity Capital | 0.15 | 0.15 | 1.25 | 1.25 | 1.25 | 1.25 | 10.52 |
| Reserves | 0.09 | 0.13 | 1.44 | 1.70 | 2.33 | 10.38 | 11.28 |
| 3.25 | 3.96 | 5.10 | 4.35 | 4.72 | 4.54 | 1.56 | |
| 1.67 | 2.29 | 2.91 | 1.14 | 35.66 | 23.51 | 11.89 | |
| Total Liabilities | 5.16 | 6.53 | 10.70 | 8.44 | 43.96 | 39.68 | 35.25 |
| 2.04 | 1.82 | 1.32 | 1.29 | 1.44 | 1.04 | 4.08 | |
| CWIP | 0.00 | 0.00 | 0.00 | 0.00 | 0.29 | 1.53 | 8.61 |
| Investments | 0.63 | 0.63 | 0.11 | 0.11 | 0.11 | 0.11 | 0.12 |
| 2.49 | 4.08 | 9.27 | 7.04 | 42.12 | 37.00 | 22.44 | |
| Total Assets | 5.16 | 6.53 | 10.70 | 8.44 | 43.96 | 39.68 | 35.25 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|
| 0.65 | -0.34 | 0.46 | 6.15 | 9.41 | |||
| 0.03 | -0.06 | -0.60 | -0.83 | -11.91 | |||
| -0.68 | -0.02 | 0.08 | -0.57 | -0.05 | |||
| Net Cash Flow | 0.00 | -0.42 | -0.06 | 4.75 | -2.55 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|
| Debtor Days | 116.65 | 112.67 | 31.27 | 87.32 | 21.17 | 26.16 | 41.15 |
| Inventory Days | 403.56 | 406.99 | 84.40 | 100.74 | 46.20 | 27.76 | 23.96 |
| Days Payable | 344.44 | 281.02 | 60.32 | 38.38 | 10.91 | 3.50 | 23.12 |
| Cash Conversion Cycle | 175.77 | 238.64 | 55.35 | 149.68 | 56.45 | 50.43 | 41.98 |
| Working Capital Days | 112.89 | 193.65 | -12.76 | 8.67 | 20.20 | 23.62 | 24.24 |
| ROCE % | 7.24% | 8.08% | 17.05% | 88.03% | 49.43% |
Business Profile[1]
GRE Renew Enertech Limited is an emerging Indian renewable energy company primarily focused on solar EPC and RESCO-based solar power projects for industrial and commercial customers. The company designs, engineers, procures, installs, commissions, and maintains rooftop and ground-mounted solar PV plants.