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 ₹ 420
- High / Low ₹ 587 / 264
- Stock P/E 12.9
- Book Value ₹ 93.1
- 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%
- 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 | |
|---|---|---|---|---|
| 103 | 138 | 246 | 414 | |
| 100 | 126 | 230 | 354 | |
| Operating Profit | 3 | 12 | 17 | 60 |
| OPM % | 2.5% | 9% | 7% | 14% |
| 3 | 0 | 1 | 3 | |
| Interest | 1 | 2 | 3 | 8 |
| Depreciation | 0 | 0 | 1 | 2 |
| Profit before tax | 4 | 10 | 14 | 54 |
| Tax % | 28% | 26% | 26% | 21% |
| 3 | 7 | 10 | 43 | |
| EPS in Rs | 144.00 | 8.69 | 8.85 | 33.91 |
| Dividend Payout % | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 59% |
| TTM: | 68% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 141% |
| TTM: | 287% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | -24% |
| 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 | |
|---|---|---|---|---|
| Equity Capital | 0.20 | 8 | 12 | 12 |
| Reserves | 7 | 14 | 53 | 98 |
| 13 | 14 | 33 | 109 | |
| 28 | 27 | 64 | 222 | |
| Total Liabilities | 49 | 64 | 162 | 441 |
| 2 | 5 | 28 | 83 | |
| CWIP | 0 | 0 | 0 | 8 |
| Investments | 0 | 1 | 6 | 3 |
| 46 | 57 | 128 | 347 | |
| Total Assets | 49 | 64 | 162 | 441 |
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/OP | 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 |
|
|||
| BESS Order Book / Projects Under Execution MWh |
||||
| Revenue Mix - Distribution % of total revenue |
||||
| Revenue Mix - EPC (GPS Green Projects) % of total revenue |
||||
| Revenue Mix - Manufacturing (Invergy) % of total revenue |
||||
| Channel Partners count |
||||
| Inverter Production Output units |
||||
| Sungrow Distribution Warehouses count |
||||
Extracted by Screener AI
Documents
Announcements
-
Certificate under SEBI (Depositories and Participants) Regulations, 2018
- Submitted Regulation 74(5) compliance certificate for quarter ended September 30, 2026; shares remain in demat form.
-
Certificate under SEBI (Depositories and Participants) Regulations, 2018
- Regulation 74(5) compliance certificate: no rematerialisation/demat requests for quarter ended 30 September 2026.
-
Trading Window
- Trading window closes from October 1, 2026 until 48 hours after half-year results.
-
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.
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]
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