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 ₹ 518 Cr.
- Current Price ₹ 442
- High / Low ₹ 470 / 212
- Stock P/E 50.5
- Book Value ₹ 49.9
- Dividend Yield 0.00 %
- ROCE 24.9 %
- ROE 25.7 %
- Face Value ₹ 10.0
Pros
- Company has a good return on equity (ROE) track record: 3 Years ROE 34.3%
- Company's working capital requirements have reduced from 62.5 days to 48.8 days
Cons
- Stock is trading at 8.87 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 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|
| 46 | 83 | 101 | 136 | 240 | |
| 44 | 79 | 98 | 125 | 225 | |
| Operating Profit | 2 | 5 | 4 | 12 | 16 |
| OPM % | 4% | 6% | 4% | 9% | 6% |
| 0 | 0 | 3 | 0 | 1 | |
| Interest | 0 | 1 | 1 | 2 | 2 |
| Depreciation | 0 | 0 | 0 | 0 | 1 |
| Profit before tax | 1 | 4 | 5 | 10 | 14 |
| Tax % | 28% | 26% | 27% | 27% | 25% |
| 1 | 3 | 4 | 7 | 10 | |
| EPS in Rs | 48.50 | 138.50 | 185.00 | 8.33 | 8.75 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 42% |
| TTM: | 76% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 55% |
| TTM: | 46% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | 20% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 34% |
| Last Year: | 26% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|
| Equity Capital | 0.20 | 0.20 | 0.20 | 8 | 12 |
| Reserves | 2 | 4 | 8 | 13 | 47 |
| 4 | 5 | 13 | 14 | 32 | |
| 9 | 9 | 26 | 22 | 62 | |
| Total Liabilities | 14 | 19 | 47 | 58 | 153 |
| 2 | 2 | 2 | 3 | 20 | |
| CWIP | 0 | 0 | 0 | 0 | 0 |
| Investments | 0 | 0 | 0 | 1 | 14 |
| 13 | 17 | 45 | 53 | 118 | |
| Total Assets | 14 | 19 | 47 | 58 | 153 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|
| 4 | -6 | 2 | -6 | 27 | |
| -6 | 4 | -2 | -1 | -43 | |
| 3 | 2 | -0 | 8 | 25 | |
| Net Cash Flow | 0 | -0 | -0 | 0 | 9 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|
| Debtor Days | 30 | 43 | 51 | 69 | 103 |
| Inventory Days | 20 | ||||
| Days Payable | 84 | ||||
| Cash Conversion Cycle | 30 | 43 | 51 | 69 | 40 |
| Working Capital Days | -18 | 30 | 59 | 79 | 49 |
| ROCE % | 59% | 42% | 40% | 25% |
Documents
Announcements
-
Disclosure of material issue
21 June 2025 - GP Eco Solutions acquires 51% of AN3 Techno Power for Rs. 2.95 Cr, expanding energy storage capabilities.
-
Alteration Of Capital and Fund Raising-XBRL
17 June 2025 - GP ECO SOLUTIONS INDIA LIMITED has informed regarding Allotment of Securities
-
Outcome of Board Meeting
17 June 2025 - Preferential allotment of 1.2 lakh shares and 1.2 lakh warrants at Rs.348 each, raising Rs.8.35 crore.
-
Addendum
7 June 2025 - Correction of allottee name in preferential issue from Kumar Vishwas to Vishvas Kumar Sharma.
-
Shareholders meeting
6 June 2025 - EGM passed 8 resolutions including director appointment, preferential share issuance, capital increase, and higher loan limits.
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