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 ₹ 390 Cr.
- Current Price ₹ 333
- High / Low ₹ 470 / 212
- Stock P/E 55.5
- Book Value ₹ 45.4
- Dividend Yield 0.00 %
- ROCE 40.3 %
- ROE 47.4 %
- Face Value ₹ 10.0
Pros
- Company has a good return on equity (ROE) track record: 3 Years ROE 55.3%
Cons
- Stock is trading at 7.34 times its book value
- Though the company is reporting repeated profits, it is not paying out dividend
- Debtor days have increased from 54.4 to 69.4 days.
- Working capital days have increased from 56.1 days to 79.5 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
Sector: Capital Goods - Electrical Equipment Industry: Electric 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 | |
|---|---|---|---|---|
| 46 | 83 | 101 | 136 | |
| 44 | 79 | 98 | 125 | |
| Operating Profit | 2 | 5 | 4 | 12 |
| OPM % | 4% | 6% | 4% | 9% |
| 0 | 0 | 3 | 0 | |
| Interest | 0 | 1 | 1 | 2 |
| Depreciation | 0 | 0 | 0 | 0 |
| Profit before tax | 1 | 4 | 5 | 10 |
| Tax % | 28% | 26% | 27% | 27% |
| 1 | 3 | 4 | 7 | |
| EPS in Rs | 48.50 | 138.50 | 185.00 | 8.33 |
| Dividend Payout % | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 43% |
| TTM: | 35% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 94% |
| TTM: | 90% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | % |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 55% |
| Last Year: | 47% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Sep 2024 | |
|---|---|---|---|---|---|
| Equity Capital | 0.20 | 0.20 | 0.20 | 8 | 12 |
| Reserves | 2 | 4 | 8 | 13 | 41 |
| 4 | 5 | 13 | 14 | 22 | |
| 9 | 9 | 26 | 22 | 38 | |
| Total Liabilities | 14 | 19 | 47 | 58 | 113 |
| 2 | 2 | 2 | 3 | 3 | |
| CWIP | 0 | 0 | 0 | 0 | 0 |
| Investments | 0 | 0 | 0 | 1 | 16 |
| 13 | 17 | 45 | 53 | 94 | |
| Total Assets | 14 | 19 | 47 | 58 | 113 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|
| 4 | -6 | 2 | -6 | |
| -6 | 4 | -2 | -1 | |
| 3 | 2 | -0 | 8 | |
| Net Cash Flow | 0 | -0 | -0 | 0 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|
| Debtor Days | 30 | 43 | 51 | 69 |
| Inventory Days | ||||
| Days Payable | ||||
| Cash Conversion Cycle | 30 | 43 | 51 | 69 |
| Working Capital Days | -18 | 30 | 59 | 79 |
| ROCE % | 59% | 42% | 40% |
Documents
Announcements
-
Bagging/Receiving of orders/contracts
30 April 2025 - Rs 50.52 Cr LOI for 10 MWp solar project at Paradip Port from Braithwaite & CO.
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Updates
26 April 2025 - Company clarifies no undisclosed events causing recent share price movement.
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Price movement
25 April 2025 - Investors have latest relevant information about the company and to inform the market place so that the interest of the investors is safeguarded, has written …
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Change in Directors/ Key Managerial Personnel/ Auditor/ Compliance Officer/ Share Transfer Agent
23 April 2025 - GP ECO SOLUTIONS INDIA LIMITED has informed about Change in Directors/ Key Managerial Personnel/ Auditor/ Compliance Officer/ Share Transfer Agent
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Demise
18 April 2025 - GP Eco Solutions India Limited has informed regarding Demise of Mr Kuljit Singh Popli, Non- Executive Director of the company on April 18, 2025.
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