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 ₹ 642 Cr.
- Current Price ₹ 543
- High / Low ₹ 616 / 212
- Stock P/E 62.6
- Book Value ₹ 49.9
- Dividend Yield 0.00 %
- ROCE 26.5 %
- ROE 25.7 %
- Face Value ₹ 10.0
Pros
- Company has delivered good profit growth of 110% CAGR over last 5 years
- Company has a good return on equity (ROE) track record: 3 Years ROE 34.3%
Cons
- Stock is trading at 10.9 times its book value
- Though the company is reporting repeated profits, it is not paying out dividend
- Promoter holding has decreased over last quarter: -0.55%
- Debtor days have increased from 74.6 to 103 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
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 | |
|---|---|---|---|---|---|---|
| 18 | 46 | 83 | 101 | 136 | 240 | |
| 17 | 44 | 79 | 98 | 125 | 224 | |
| Operating Profit | 1 | 2 | 5 | 4 | 12 | 16 |
| OPM % | 3% | 4% | 6% | 4% | 9% | 7% |
| 0 | 0 | 0 | 3 | 0 | 1 | |
| Interest | 0 | 0 | 1 | 1 | 2 | 3 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 1 |
| Profit before tax | 0 | 1 | 4 | 5 | 10 | 14 |
| Tax % | 29% | 28% | 26% | 27% | 27% | 25% |
| 0 | 1 | 3 | 4 | 7 | 10 | |
| EPS in Rs | 125.00 | 48.50 | 138.50 | 185.00 | 8.33 | 8.75 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 68% |
| 3 Years: | 42% |
| TTM: | 76% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 110% |
| 3 Years: | 55% |
| TTM: | 46% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | 102% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 38% |
| 3 Years: | 34% |
| Last Year: | 26% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|
| Equity Capital | 0.02 | 0.20 | 0.20 | 0.20 | 8 | 12 |
| Reserves | 1 | 2 | 4 | 8 | 13 | 47 |
| 1 | 4 | 5 | 13 | 14 | 32 | |
| 3 | 9 | 9 | 26 | 22 | 62 | |
| Total Liabilities | 4 | 14 | 19 | 47 | 58 | 153 |
| 0 | 2 | 2 | 2 | 3 | 20 | |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 0 | 0 | 0 | 0 | 1 | 14 |
| 4 | 13 | 17 | 45 | 53 | 118 | |
| Total Assets | 4 | 14 | 19 | 47 | 58 | 153 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|
| 0 | 4 | -6 | 2 | -6 | 27 | |
| -0 | -6 | 4 | -2 | -1 | -43 | |
| -0 | 3 | 2 | -0 | 8 | 25 | |
| Net Cash Flow | 0 | 0 | -0 | -0 | 0 | 9 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|
| Debtor Days | 23 | 30 | 43 | 51 | 69 | 103 |
| Inventory Days | ||||||
| Days Payable | ||||||
| Cash Conversion Cycle | 23 | 30 | 43 | 51 | 69 | 103 |
| Working Capital Days | 5 | -36 | 12 | 15 | 52 | 3 |
| ROCE % | 49% | 59% | 42% | 40% | 26% |
Documents
Announcements
-
Shareholders meeting
1 October 2025 - Scrutinizer's report for 15th AGM held Sep 30, 2025, submitted Oct 1, 2025.
-
Shareholders meeting
30 September 2025 - AGM: FY25 revenue ₹247 crore, profit ₹10.46 crore; Gigawatt BESS factory 90% complete, commissioning 31-Dec-2025.
-
Trading Window
24 September 2025 - Trading window closed from Oct 1, 2025 until 48 hours after half-year results for period ending Sep 30, 2025.
-
Bagging/Receiving of orders/contracts
24 September 2025 - LOI dated 24 Sep 2025: Oriana awarded GP Eco EPC for two 2.5MW/5MWh BESS (total 5MW/10MWh).
-
Bagging/Receiving of orders/contracts
24 September 2025 - LOI (24 Sep 2025) to supply 500MW SUNGROW inverters to Oriana Power; execution by 31 Mar 2026.
Annual reports
Concalls
-
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