GK Energy Ltd
Incorporated in 2008, GK Energy Limited provides EPC services for solar-powered agricultural water pump systems under Component B of PM-KUSUM Scheme.
- Market Cap ₹ 2,440 Cr.
- Current Price ₹ 120
- High / Low ₹ 240 / 96.0
- Stock P/E 13.2
- Book Value ₹ 38.4
- Dividend Yield 0.00 %
- ROCE 74.3 %
- ROE 101 %
- Face Value ₹ 2.00
Pros
- Company has a good return on equity (ROE) track record: 3 Years ROE 97.0%
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.
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|
| 70 | 285 | 411 | 1,095 | 1,466 | |
| 65 | 268 | 357 | 895 | 1,180 | |
| Operating Profit | 5 | 17 | 54 | 200 | 287 |
| OPM % | 7% | 6% | 13% | 18% | 20% |
| 0 | 0 | 1 | 4 | 8 | |
| Interest | 3 | 4 | 6 | 22 | 36 |
| Depreciation | 0 | 0 | 1 | 1 | 3 |
| Profit before tax | 2 | 13 | 48 | 180 | 255 |
| Tax % | 26% | 25% | 25% | 26% | |
| 2 | 10 | 36 | 133 | 186 | |
| EPS in Rs | 15.60 | 77.54 | 277.62 | 7.83 | 9.90 |
| Dividend Payout % | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 150% |
| TTM: | 166% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 340% |
| TTM: | 269% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | % |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 97% |
| Last Year: | 101% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|
| Equity Capital | 1 | 1 | 1 | 34 | 41 |
| Reserves | 8 | 19 | 55 | 175 | 739 |
| 24 | 43 | 62 | 218 | 413 | |
| 36 | 80 | 96 | 157 | 230 | |
| Total Liabilities | 70 | 143 | 214 | 584 | 1,423 |
| 6 | 6 | 11 | 14 | 85 | |
| CWIP | 0 | 0 | 0 | 0 | 0 |
| Investments | 0 | 0 | 0 | 0 | 5 |
| 64 | 137 | 203 | 570 | 1,333 | |
| Total Assets | 70 | 143 | 214 | 584 | 1,423 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|
| 1 | -16 | -5 | -99 | |
| 0 | 0 | -10 | -53 | |
| -0 | 15 | 15 | 152 | |
| Net Cash Flow | 0 | 0 | 0 | 0 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|
| Debtor Days | 224 | 144 | 135 | 120 |
| Inventory Days | 62 | 17 | 23 | 31 |
| Days Payable | 173 | 110 | 78 | 61 |
| Cash Conversion Cycle | 113 | 51 | 80 | 91 |
| Working Capital Days | 42 | 18 | 40 | 44 |
| ROCE % | 36% | 60% | 74% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Investor Presentation
16 Feb - GK Energy has informed regarding the Investor Presentation for the Quarter and nine months ended December 31, 2025.
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Announcement under Regulation 30 (LODR)-Newspaper Publication
14 Feb - GK Energy Limited has informed regarding Newspaper Publication of the Unaudited Financial Results for the quarter and nine months ended December 31, 2025.
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GK Energy Limited Has informed About Corrigendum Typographical Error In Segment Assets Of Consolidated Financial Results.
13 Feb - Corrigendum: bifurcated consolidated segment assets (EPC and Trading of Solar Cells) for quarter and nine months ended Dec 31, 2025.
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Intimation Regarding Reconstitution Of Committees Of The Board Of The Company.
13 Feb - GK Energy reconstituted Audit, Stakeholders Relationship and CSR Committees effective Feb 13, 2026.
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Board Meeting Outcome for Outcome Of The Board Meeting Held On February 13, 2026.
13 Feb - Approved unaudited Q3/9M results ended Dec 31, 2025; Q3 consolidated revenue ₹5,096.86m, profit ₹608.18m.
Concalls
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Feb 2026TranscriptAI SummaryPPT
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Nov 2025Transcript PPT
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Oct 2025TranscriptAI SummaryPPT
Business Overview[1]
GKEL is among the leading EPC players for solar-powered agricultural water pump systems under Component B of the PM-KUSUM scheme. The company is empanelled with MNRE in Maharashtra, Haryana, Rajasthan, Uttar Pradesh, and Madhya Pradesh, which together account for ~82% of the total sanctioned pump volume under PM-KUSUM.
Beyond PM-KUSUM, GKEL also participates in other state government schemes such as Maharashtra’s MTSKPY, Madhya Pradesh’s PMKMSY, and Chhattisgarh’s SSY. To date, the company has installed over 1,00,000 solar pumps across India.[2]