GRE Renew Enertech Ltd
GRE Renew Enertech Limited is engaged in the business of solar energy solutions and LED lighting products.[1]
- Market Cap ₹ 206 Cr.
- Current Price ₹ 144
- High / Low ₹ 178 / 77.5
- Stock P/E 15.2
- Book Value ₹ 55.8
- Dividend Yield 0.00 %
- ROCE 32.0 %
- ROE 24.5 %
- Face Value ₹ 10.0
Pros
- Company is almost debt free.
- Company has a good return on equity (ROE) track record: 3 Years ROE 30.5%
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 | 84 | 123 | |
| 50 | 79 | 74 | 107 | |
| Operating Profit | 2 | 11 | 9 | 16 |
| OPM % | 4% | 13% | 11% | 13% |
| 0 | 2 | 1 | 3 | |
| Interest | 0 | 0 | 0 | 0 |
| Depreciation | 0 | 0 | 0 | 1 |
| Profit before tax | 2 | 13 | 9 | 18 |
| Tax % | 41% | 22% | 26% | 25% |
| 1 | 10 | 7 | 14 | |
| EPS in Rs | 7.12 | 79.28 | 6.68 | 9.50 |
| Dividend Payout % | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 33% |
| TTM: | 47% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 113% |
| TTM: | 93% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | % |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 31% |
| Last Year: | 24% |
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 | 21 | 65 |
| 5 | 5 | 2 | 2 | |
| 36 | 24 | 13 | 25 | |
| Total Liabilities | 52 | 49 | 45 | 106 |
| 3 | 2 | 5 | 15 | |
| CWIP | 0 | 2 | 9 | 10 |
| Investments | 0 | 0 | 0 | 0 |
| 49 | 45 | 31 | 81 | |
| Total Assets | 52 | 49 | 45 | 106 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|
| -3 | 6 | 11 | 5 | |
| 6 | -1 | -10 | -15 | |
| -3 | -1 | -0 | 35 | |
| Net Cash Flow | -0 | 5 | 0 | 24 |
| Free Cash Flow | 3 | 5 | -0 | -7 |
| CFO/OP | -102% | 76% | 135% | 50% |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|
| Debtor Days | 14 | 22 | 39 | 29 |
| Inventory Days | 33 | 25 | 24 | 51 |
| Days Payable | 8 | 3 | 25 | 43 |
| Cash Conversion Cycle | 39 | 44 | 38 | 37 |
| Working Capital Days | 50 | 49 | 49 | 64 |
| ROCE % | 58% | 34% | 32% |
Insights
In beta| Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|
| Annual Solar Projects Executed (Capacity) KWp |
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| Tender Success Rate (Solar Capacity) % ・Standalone data |
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| Trade Receivables Turnover Ratio |
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Extracted by Screener AI
Documents
Announcements
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Intimation Of Commissioning And Operationalization Of Solar Power Projects Forming Part Of IPO Objects
3 Jun - GRE Renew Enertech commissioned 7.20 MW solar projects in Gujarat; generation began May 27, 2026.
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Intimation Of Commencement Of Solar Power Project By Wholly Owned Subsidiary
3 Jun - Subsidiary commissioned 1.5 MW AC solar project in Gujarat; generation began May 30, 2026.
- Announcement under Regulation 30 (LODR)-Newspaper Publication 27 May
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Shareholder Meeting / Postal Ballot-Notice of Postal Ballot
25 May - Postal ballot seeks approval to reallocate ₹2.06 crore IPO proceeds to general corporate purposes.
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Statement On Deviation Or Variation Of Funds Under Regulation 32 Of SEBI (LODR) Regulations 2015
23 May - GRE Renew Enertech reported ₹33.23 lakh issue-expense savings reallocated to its solar project; IPO proceeds ₹3,956.40 lakh.
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.