GRE Renew Enertech Ltd
₹ 166
4.98%
21 May
- close price
About
GRE Renew Enertech Limited is engaged in the business of solar energy solutions and LED lighting products.[1]
Key Points
- Market Cap ₹ 238 Cr.
- Current Price ₹ 166
- High / Low ₹ 166 / 77.5
- Stock P/E 33.9
- 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.
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Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
| Operating Profit |
| OPM % |
| Interest |
| Depreciation |
| Profit before tax |
| Tax % |
| EPS in Rs |
| Raw PDF |
Upcoming result date: 23 May 2026
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: | 49% |
| 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 | ||
| Free Cash Flow | 0.64 | -0.44 | -0.14 | 5.39 | -1.03 | ||
| CFO/OP | 64% | -58% | 51% | 81% | 119% |
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% |
Insights
In beta| Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|
| Annual Solar Projects Executed (Capacity) KWp |
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| Tender Success Rate (Solar Capacity) % |
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| Trade Receivables Turnover Ratio |
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Documents
Announcements
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Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order
1d - GRE Renew Enertech received ₹81.72 lakh solar EPC orders from Govind Bronze Alloys LLP, execution in 3 months.
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Board Meeting Intimation for For Approving The Audited (Standalone And Consolidated) Financial Statements For The Year Ended On 31St March 2026 And Results For The Half Year And Year Ended 31St March 2026 And Other Matters
18 May - Board meets May 23, 2026 to approve FY26 audited results and IPO proceeds utilization variation.
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Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order
4 May - GRE Renew Enertech received ₹4.32 crore solar EPC orders from Apr 15-30, 2026.
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Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure A
17 Apr - GRE Renew Enertech confirms it was not a Large Corporate Entity as of 31 March 2026.
- Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations 2018 8 Apr
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.