GRE Renew Enertech Ltd
GRE Renew Enertech Limited is engaged in the business of solar energy solutions and LED lighting products.[1]
- Market Cap ₹ 316 Cr.
- Current Price ₹ 221
- High / Low ₹ 245 / 77.5
- Stock P/E 26.2
- Book Value ₹ 48.1
- Dividend Yield 0.00 %
- ROCE 35.2 %
- ROE 26.7 %
- Face Value ₹ 10.0
Pros
- Company is almost debt free.
- Company has a good return on equity (ROE) track record: 3 Years ROE 34.2%
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
* 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.
Half Yearly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|
| 52 | 90 | 80 | 115 | |
| 50 | 79 | 70 | 100 | |
| Operating Profit | 2 | 11 | 10 | 16 |
| OPM % | 4.2% | 13% | 12% | 13% |
| 0 | 2 | 0 | 2 | |
| Interest | 0 | 0 | 0 | 0 |
| Depreciation | 0 | 0 | 0 | 1 |
| Profit before tax | 2 | 13 | 9 | 16 |
| Tax % | 41% | 22% | 26% | 25% |
| 1 | 10 | 7 | 12 | |
| EPS in Rs | 7.12 | 79.28 | 6.65 | 8.45 |
| Dividend Payout % | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 30% |
| TTM: | 45% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 105% |
| TTM: | 73% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | % |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 34% |
| Last Year: | 27% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|
| Equity Capital | 1 | 1 | 11 | 14 |
| Reserves | 10 | 20 | 11 | 54 |
| 5 | 5 | 2 | 2 | |
| 36 | 24 | 12 | 24 | |
| Total Liabilities | 52 | 49 | 35 | 94 |
| 3 | 2 | 4 | 14 | |
| CWIP | 0 | 2 | 9 | 7 |
| Investments | 0 | 0 | 0 | 0 |
| 49 | 45 | 22 | 74 | |
| Total Assets | 52 | 49 | 35 | 94 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|
| -3 | 6 | 9 | 5 | |
| 6 | -1 | -12 | -15 | |
| -3 | -1 | -0 | 35 | |
| Net Cash Flow | -0 | 5 | -3 | 25 |
| Free Cash Flow | 3 | 5 | -1 | -8 |
| CFO/OP | -102% | 76% | 118% | 54% |
Ratios
Consolidated / View Standalone
| Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|
| Debtor Days | 14 | 22 | 41 | 31 |
| Inventory Days | 33 | 25 | 24 | 51 |
| Days Payable | 8 | 3 | 23 | 43 |
| Cash Conversion Cycle | 39 | 44 | 42 | 38 |
| Working Capital Days | 50 | 49 | 24 | 42 |
| ROCE % | 58% | 40% | 35% |
Insights
In beta| Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | Mar 2027 (P) | |
|---|---|---|---|---|---|
| Gujarat Revenue Concentration % |
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| Top 10 Customer Concentration % |
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| RESCO Cumulative Asset Portfolio KWp |
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| Solar EPC Capacity Executed (CAPEX Model) KWp |
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| Solar EPC Projects Executed (CAPEX Model) Count |
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| Cumulative Solar EPC Installed Capacity MW |
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| Order Book INR Mn |
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| Project Pipeline MW |
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Extracted by Screener AI
Documents
Announcements
-
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
- Compliance certificate under regulation 74(5) of SEBI (DP) Regulations 2018 for the quarter ended on September 30, 2026
-
Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order
- Received ₹71.72 lakh domestic solar rooftop order on 21 Sep 2026, executable in about 3 months.
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Shareholder Meeting / Postal Ballot-Scrutinizer''s Report
- 18th AGM on 25 Sep 2026 passed all seven resolutions, including related-party approvals and auditor appointments.
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Closure of Trading Window
- Trading window closed from October 1, 2026 until 48 hours after half-year results.
- Shareholder Meeting / Postal Ballot-Outcome of AGM
Concalls
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Jun 2026PPT
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.