GP Eco Solutions India Ltd
Incorporated in 2010, GP Eco Solutions India
Ltd is in the business of manufacturing and trading of solar plants/panel and trading of
electronic equipment’s & solar equipment’s[1]
- Market Cap ₹ 485 Cr.
- Current Price ₹ 394
- High / Low ₹ 587 / 264
- Stock P/E 16.5
- Book Value ₹ 78.6
- Dividend Yield 0.00 %
- ROCE 37.1 %
- ROE 38.8 %
- Face Value ₹ 10.0
Pros
- Company has delivered good profit growth of 97.8% CAGR over last 5 years
- Company has a good return on equity (ROE) track record: 3 Years ROE 35.8%
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Promoter holding has decreased over last quarter: -2.45%
- Promoters have pledged 55.5% of their holding.
- Company has high debtors of 169 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.
Peer comparison
Industrials Capital Goods Electrical Equipment Other Electrical Equipment
Part of Nifty SME Emerge
Half Yearly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| 18 | 46 | 83 | 101 | 136 | 240 | 386 | |
| 17 | 44 | 79 | 98 | 125 | 224 | 343 | |
| Operating Profit | 1 | 2 | 5 | 4 | 12 | 16 | 43 |
| OPM % | 2.9% | 3.8% | 6% | 3.6% | 9% | 7% | 11% |
| 0 | 0 | 0 | 3 | 0 | 1 | 3 | |
| Interest | 0 | 0 | 1 | 1 | 2 | 3 | 6 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 1 | 1 |
| Profit before tax | 0 | 1 | 4 | 5 | 10 | 14 | 39 |
| Tax % | 29% | 28% | 26% | 27% | 27% | 25% | 25% |
| 0 | 1 | 3 | 4 | 7 | 10 | 29 | |
| EPS in Rs | 125.00 | 48.50 | 138.50 | 185.00 | 8.33 | 8.75 | 24.84 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 53% |
| 3 Years: | 56% |
| TTM: | 61% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 98% |
| 3 Years: | 100% |
| TTM: | 187% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | -28% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 38% |
| 3 Years: | 36% |
| Last Year: | 39% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Equity Capital | 0.02 | 0.20 | 0.20 | 0.20 | 8 | 12 | 12 |
| Reserves | 1 | 2 | 4 | 8 | 13 | 47 | 81 |
| 1 | 4 | 5 | 13 | 14 | 32 | 58 | |
| 3 | 9 | 9 | 26 | 22 | 62 | 172 | |
| Total Liabilities | 4 | 14 | 19 | 47 | 58 | 153 | 322 |
| 0 | 2 | 2 | 2 | 3 | 20 | 43 | |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 0 | 0 | 0 | 0 | 1 | 14 | 25 |
| 4 | 13 | 17 | 45 | 53 | 118 | 255 | |
| Total Assets | 4 | 14 | 19 | 47 | 58 | 153 | 322 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| 0 | 4 | -6 | 2 | -6 | 27 | 7 | |
| -0 | -6 | 4 | -2 | -1 | -43 | -35 | |
| -0 | 3 | 2 | -0 | 8 | 25 | 20 | |
| Net Cash Flow | 0 | 0 | -0 | -0 | 0 | 9 | -7 |
| Free Cash Flow | 0 | 2 | -7 | 2 | -8 | 9 | -16 |
| CFO/OP | 29% | 235% | -109% | 103% | -31% | 187% | 40% |
Ratios
Standalone / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Debtor Days | 23 | 30 | 43 | 51 | 69 | 103 | 169 |
| Inventory Days | 38 | ||||||
| Days Payable | 138 | ||||||
| Cash Conversion Cycle | 23 | 30 | 43 | 51 | 69 | 103 | 69 |
| Working Capital Days | 5 | -36 | 12 | 15 | 52 | 3 | 22 |
| ROCE % | 49% | 59% | 42% | 40% | 26% | 37% |
Insights
In beta| Mar 2025 | Mar 2026 | Mar 2027 (P) | Mar 2028 (P) | |
|---|---|---|---|---|
| BESS Manufacturing Capacity MWh |
|
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| BESS Order Book / Projects Under Execution MWh |
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| Revenue Mix - Distribution % of total revenue |
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| Revenue Mix - EPC (GPS Green Projects) % of total revenue |
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| Revenue Mix - Manufacturing (Invergy) % of total revenue |
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| Solar EPC Projects Under Execution MW |
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| Channel Partners count |
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| Sungrow Distribution Warehouses count |
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Extracted by Screener AI
Documents
Announcements
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Trading Window
- Trading window closes from October 1, 2026 until 48 hours after half-year results.
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Credit Rating
- Infomerics assigned GP Eco Solutions long-term BBB/Stable and short-term A3+ ratings on 25 September 2026.
-
Shareholders meeting
- 16th AGM voting results submitted on September 21, 2026; all resolutions passed.
-
Shareholders meeting
- Scrutinizer’s report submitted for 16th AGM held on September 21, 2026.
-
Change in Management
- AGM on Sept 21, 2026 approved Pradeep Kumar Pandey reappointment and Pavitra Khandelvwal's change to Whole-time Director.
Concalls
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Jun 2026Transcript PPT REC
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Nov 2025Transcript PPT REC
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Nov 2025PPT
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May 2025Transcript PPT REC
Business Overview:[1][2]
GPESL is an ISO 9001:2015 certified distributor of solar inverters and solar panels. It is an authorized distributor of Sungrow India Pvt Ltd for Solar Inverters in North India, and an authorized distributors for Saatvik Green Energy Private Limited and LONGi Solar Tech for solar panels in North India. Additionally, it serves as an integrated solar energy solutions provider, delivering comprehensive engineering, procurement, and construction services to its commercial and residential customers. However, contribution of this segment is lesser vs their distribution business of solar inverters and solar panels