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 ₹ 467 Cr.
- Current Price ₹ 379
- High / Low ₹ 542 / 264
- Stock P/E 8.98
- Book Value ₹ 146
- Dividend Yield 0.00 %
- ROCE 38.7 %
- ROE 45.8 %
- Face Value ₹ 10.0
Pros
- Company has a good return on equity (ROE) track record: 3 Years ROE 39.5%
- Company's working capital requirements have reduced from 24.2 days to 14.8 days
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Promoter holding has decreased over last quarter: -2.45%
- Company might be capitalizing the interest cost
- Promoters have pledged 55.5% of their holding.
- Company has high debtors of 172 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
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|
| 103 | 138 | 246 | 414 | 527 | |
| Sales growth | +35% | +78% | +68% | +85% | |
| 100 | 126 | 230 | 354 | 442 | |
| Operating Profit | 3 | 12 | 17 | 60 | 85 |
| OPM % | 2.5% | 9% | 7% | 14% | 16% |
| 3 | 0 | 1 | 3 | 4 | |
| Interest | 1 | 2 | 3 | 8 | 14 |
| Depreciation | 0 | 0 | 1 | 2 | 2 |
| Profit before tax | 4 | 10 | 14 | 54 | 73 |
| Tax % | 28% | 26% | 26% | 21% | |
| 3 | 7 | 10 | 43 | 57 | |
| EPS in Rs | 4.00 | 8.69 | 8.85 | 33.91 | 43.22 |
| Dividend Payout % | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 59% |
| TTM: | 85% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 141% |
| TTM: | 224% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | -26% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 39% |
| Last Year: | 46% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | Sep 2026 | |
|---|---|---|---|---|---|
| Equity Capital | 0.20 | 8 | 12 | 12 | 12 |
| Reserves | 7 | 14 | 53 | 98 | 167 |
| 13 | 14 | 33 | 109 | 215 | |
| 28 | 27 | 64 | 222 | 80 | |
| Total Liabilities | 49 | 64 | 162 | 441 | 474 |
| 2 | 5 | 28 | 83 | 83 | |
| CWIP | 0 | 0 | 0 | 8 | 30 |
| Investments | 0 | 1 | 6 | 3 | 3 |
| 46 | 57 | 128 | 347 | 358 | |
| Total Assets | 49 | 64 | 162 | 441 | 474 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|
| 2 | -6 | 22 | 29 | |
| -2 | -1 | -36 | -68 | |
| -0 | 8 | 26 | 46 | |
| Net Cash Flow | 0 | 0 | 12 | 8 |
| Free Cash Flow | 2 | -8 | 4 | -32 |
| CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit | 151% | -30% | 153% | 72% |
Ratios
Consolidated / View Standalone
| Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|
| Debtor Days | 52 | 61 | 95 | 172 |
| Inventory Days | ||||
| Days Payable | ||||
| Cash Conversion Cycle | 52 | 61 | 95 | 172 |
| Working Capital Days | 10 | 48 | 10 | 15 |
| ROCE % | 41% | 25% | 39% |
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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| Channel Partners count |
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| Inverter Production Output units |
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| Sungrow Distribution Warehouses count |
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Extracted by Screener AI
Documents
Announcements
-
Resignation of Statutory Auditor
- GP Eco Solutions India Limited has informed about Resignation of Statutory Auditor
-
Resignation
- Statutory auditor GAMA & Co. resigned from material subsidiary GPES Green Projects Private Limited on November 4, 2026.
-
Resignation of Statutory Auditor
- GP Eco Solutions India Limited has informed about Resignation of Statutory Auditor
-
Monitoring Agency Report
- Monitoring agency report for H1 FY27: no deviation in preferential issue proceeds; ₹44.07 Cr utilized for working capital.
-
Statement of deviation(s) or variation(s) under Reg. 32
- No deviation in proceeds from preferential allotments of 4,99,000 shares and 28,47,000 warrants, dated July 18, 2026.
Annual reports
-
Annual Report 2026
from nse
-
Annual Report 2025
from nse
-
Annual Report 2024
from nse
Concalls
-
Jun 2026Transcript PPT REC
-
Nov 2025Transcript PPT REC
-
Nov 2025PPT
-
May 2025Transcript PPT REC
Business Overview:[1][2]
GP Eco Solutions India distributes solar modules, inverters and allied equipment, including Sungrow inverters and Saatvik and LONGi solar panels across North India, and provides integrated EPC services to residential, commercial and industrial customers. Through its wholly owned subsidiary, Invergy India Pvt Ltd, the company offers hybrid solar inverters and lithium iron phosphate (LFP) batteries under the Invergy brand, using OEM manufacturing and in-house quality-control and supply-chain processes.