Ganesh Green Bharat Ltd

Ganesh Green Bharat Ltd

₹ 419 -2.09%
21 Nov 10:58 a.m.
About

Incorporated in 2016, Ganesh Green Bharat
Ltd specializes in Solar PV Module manufacturing, Solar Systems and Allied Services, Electrical Contracting, and Water Supply Scheme
Projects[1]

Key Points

Business Overview:[1]
GGBL is an ISO 9001:2015, ISO 14001:2015, BIS certified manufactures solar systems, and EPC services provider. It also undertakes electrical contracting and water supply scheme projects. Company has completed ~27+ Projects worth ~Rs. 220+ Cr including ~2.50 Lac+ Solar modules products, ~1 Lac+ Systems installed, and ~50,000+ Water connections installed, etc. in ~14 states.

  • Market Cap 1,039 Cr.
  • Current Price 419
  • High / Low 635 / 282
  • Stock P/E 20.8
  • Book Value 93.5
  • Dividend Yield 0.00 %
  • ROCE 26.6 %
  • ROE 23.6 %
  • Face Value 10.0

Pros

  • Company has reduced debt.
  • Company has a good return on equity (ROE) track record: 3 Years ROE 26.1%

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.

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Half Yearly Results

Standalone Figures in Rs. Crores / View Consolidated

Sep 2023 Mar 2024 Sep 2024 Mar 2025 Sep 2025
77 89 133 179 339
72 71 114 154 291
Operating Profit 5 19 19 25 47
OPM % 7% 21% 14% 14% 14%
0 0 1 2 1
Interest 2 2 2 1 2
Depreciation 0 1 1 2 3
Profit before tax 3 16 17 23 43
Tax % 28% 26% 28% 26% 24%
2 12 13 17 33
EPS in Rs 1.30 6.61 5.05 6.89 13.23
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
83 106 85 166 311 517
73 97 71 142 267 445
Operating Profit 11 9 14 24 44 72
OPM % 13% 9% 16% 15% 14% 14%
1 1 0 1 4 3
Interest 1 2 3 4 4 4
Depreciation 0 1 1 1 3 6
Profit before tax 10 7 11 20 41 66
Tax % 26% 26% 26% 27% 27%
7 5 8 14 30 50
EPS in Rs 59.92 43.17 67.83 7.91 11.94 20.12
Dividend Payout % -0% -0% -0% -0% -0%
Compounded Sales Growth
10 Years: %
5 Years: %
3 Years: 43%
TTM: 133%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: 79%
TTM: 103%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: %
1 Year: 7%
Return on Equity
10 Years: %
5 Years: %
3 Years: 26%
Last Year: 24%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Sep 2025
Equity Capital 1 1 1 18 25 25
Reserves 21 26 34 34 174 207
10 23 27 41 40 30
34 40 25 36 77 145
Total Liabilities 67 89 88 128 316 408
1 2 2 7 33 31
CWIP -0 -0 -0 -0 -0 -0
Investments 0 0 0 0 0 0
66 88 86 121 283 377
Total Assets 67 89 88 128 316 408

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
-4 -8 -4 23 -40
-2 -1 -1 -35 -43
-2 9 5 12 114
Net Cash Flow -8 0 0 0 30

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Debtor Days 38 77 84 90 68
Inventory Days 66 31 90 104 170
Days Payable 231 81 110 78 67
Cash Conversion Cycle -126 26 64 116 171
Working Capital Days 62 75 153 26 104
ROCE % 23% 24% 31% 27%

Shareholding Pattern

Numbers in percentages

Sep 2024Mar 2025Sep 2025
73.42% 73.42% 73.42%
3.06% 1.45% 1.41%
2.76% 1.03% 0.55%
20.76% 24.10% 24.62%
No. of Shareholders 4,3085,6075,501

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

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