Ganesh Green Bharat Limited

Ganesh Green Bharat Limited

NNSE:GGBL
210.00
INR
-5.40
(-2.51%)
5.42BMarket Cap
2022 Y
2023 Y
2024 Y
2025 Y
2026 Y
TTM
Revenue per Share
42.55
34.4
68.61
138.08
428.55
- -
Basic EPS, GAAP
2.1
3.29
8.03
13.14
30.31
- -
Free Cash Flow per Basic Share
-3.87
-1.24
6.97
-26.86
2.23
- -
Dividend per Share
- -
- -
- -
- -
- -
- -
Book Value per Share
10.92
14.2
23.09
82.71
113.02
113.02
Tangible Book Value per Share
10.91
14.2
22.64
82.25
112.54
112.54
Basic Weighted Avg Shares
25
25
25
23
25
25
Sales/Revenue/Turnover
1,055
853
1,702
3,175
10,629
- -
Operating Margin (%)
8.29
9.75
18.79
13.61
9.7
- -
Depreciation Expense
5
8
34
54
95
- -
Net Income, GAAP
52
82
199
302
752
- -
Effective Tax Rate (%)
25.99
26.06
23.02
26.65
23.47
- -
Profit Margin (%)
4.93
9.56
11.7
9.52
7.07
- -
Working Capital
215
352
181
1,289
1,780
1,780
LT Debt
49
98
169
138
92
92
Total Equity
271
352
588
2,069
2,821
2,821
Return on Invested Capital (%)
- -
10.59
26.52
16.34
25.72
- -
Return on Capital (%)
- -
17.56
24.53
17.87
26.7
- -
Return on Common Equity (%)
- -
26.18
43.05
23.04
30.98
- -

Capital Structure

INR

•

in mil. unless spec.
Mar'25
Sep'26
Mar'26
ST Debt
338
216
432
LT Borrowings
138
130
92
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
25
25
25
Market Capitalization
7,732
9,782
5,417

Working Capital

INR

•

in mil. unless spec.
Mar'25
Sep'26
Mar'26
Total Current Assets
2,465
3,389
3,740
Cash, Cash Equivalents & STI
452
494
314
Accounts Receivable, Net
528
626
627
Inventories
1,153
1,561
1,727
Total Current Liabilities
1,176
1,766
1,960
Payables & Accruals
- -
- -
- -
ST Debt
338
216
432
Deferred Revenue
- -
- -
- -

Growth Rates

INR

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
- -
36.35%
Free Cash Flow
- -
- -
-108.95%
Net Income, GAAP
- -
- -
148.76%
Sales/Revenue/Turnover
- -
- -
234.74%
Total Cash Common Dividend
- -
- -
- -

Semi-annual Revenue

INR

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
1,702
2025
- -
1,797
3,175
2026
- -
7,232
10,629

Semi-annual Earnings Per Share

INR

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
8.03
2025
- -
6.26
13.14
2026
- -
17.06
30.31

Semi-annual Dividends Per Share

INR

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
- -
2025
- -
- -
- -
2026
- -
- -
- -

Company Description

CEO
Ketanbhai Narsinhbhai Patel
Full Time Employees
290
Sector
Electronic technology
Industry
Semiconductors
Address
F - 202 Ahmedabad GU India 382470
IPO Date
Jul 12, 2024
Business
Ganesh Green Bharat Ltd (GGBL.NS) manufactures solar photovoltaic modules and provides engineering, procurement, and construction (EPC) services for solar systems and allied products; electrical contracting services; and water supply scheme projects, including supply, installation, testing, and commissioning (SITC) for government bodies under schemes such as Saubhagya, KUSUM, Saur Sujla Yojna, Mukhya Mantri Nishchay Quality Affected Yojna, and Har Ghar Jal (Jal Jeevan Mission). The company offers specific solar solutions encompassing Solar Home Light Systems (CFL and LED based), Solar Street Light Systems (CFL and LED based), Solar Off-Grid and On-Grid Power Plants (including rooftop systems), Solar Submersible Pumps (AC and DC), and solar modules; it also executes electrification projects and water infrastructure developments. Ganesh Green Bharat operates primarily in India across approximately 14 states, serving government, industrial, and rural electrification sectors, with manufacturing facilities in Mehsana, Gujarat. Founded in 1998 and headquartered at S.G. Business Hub, near Gota Flyover, Ahmedabad, Gujarat, India, the company holds ISO 9001:2015, ISO 14001:2015, and BIS certifications, reflecting its focus on sustainable energy and environmental stewardship. In recent developments, Ganesh Green Bharat completed a capacity expansion for solar panel manufacturing by the end of calendar year 2024, funded by internal accruals, IPO proceeds, and borrowings totaling Rs 190 million, enhancing production capabilities at its Mehsana plant; it secured multiple work orders in 2025, including from Powergrid Corporation of India, NTPC Vidyut Vyapar Nigam Limited, Maharashtra State Electricity Distribution Company Limited, MSEDCL, Bihar Renewable Energy Development Agency (BREDA), Kirloskar Solar Technologies, Solberry Energy, Zetwerk Manufacturing Businesses, and others worth hundreds of millions of rupees; additionally, a Rs 571.6 million order was received in December 2025, alongside approvals for ALMM licenses, BIS registrations, and commencements of commercial production post-IPO expansions.