Ganesh Green Bharat Ltd

Ganesh Green Bharat Ltd

₹ 571 -5.30%
20 Dec - close price
About

Incorporated in 2016, Ganesh Green Bharat
Ltd specializes in Solar PV Module manufacturing, Solar Systems and Allied Services, Electrical Contracting, and Water Supply Scheme
Projects[1]

Key Points

Business Overview:[1]
GGBL is an ISO 9001:2015, ISO 14001:2015, BIS certified manufactures solar systems, and EPC services provider. It also undertakes electrical contracting and water supply scheme projects. Company has completed ~27+ Projects worth ~Rs. 220+ Cr including ~2.50 Lac+ Solar modules products, ~1 Lac+ Systems installed, and ~50,000+ Water connections installed, etc. in ~14 states.

  • Market Cap 1,417 Cr.
  • Current Price 571
  • High / Low 635 / 327
  • Stock P/E 57.7
  • Book Value 73.4
  • Dividend Yield 0.00 %
  • ROCE 37.4 %
  • ROE 40.9 %
  • Face Value 10.0

Pros

  • Company has reduced debt.
  • Company has a good return on equity (ROE) track record: 3 Years ROE 30.5%
  • Debtor days have improved from 68.0 to 43.2 days.
  • Company's working capital requirements have reduced from 159 days to 116 days

Cons

  • Stock is trading at 7.79 times its book value
  • Though the company is reporting repeated profits, it is not paying out dividend

* 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.

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Half Yearly Results

Standalone Figures in Rs. Crores / View Consolidated

Sep 2023 Mar 2024 Sep 2024
77 89 133
72 71 114
Operating Profit 5 19 19
OPM % 7% 21% 14%
0 0 1
Interest 2 2 2
Depreciation 0 1 1
Profit before tax 3 16 17
Tax % 28% 26% 28%
2 12 13
EPS in Rs 1.30 6.61 5.05
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Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
83 106 85 166 222
73 97 71 142 185
Operating Profit 11 9 14 24 37
OPM % 13% 9% 16% 14% 17%
1 1 0 1 2
Interest 1 2 3 4 4
Depreciation 0 1 1 1 2
Profit before tax 10 7 11 20 34
Tax % 26% 26% 26% 27%
7 5 8 14 25
EPS in Rs 59.92 43.17 67.83 7.91 11.66
Dividend Payout % 0% 0% 0% 0%
Compounded Sales Growth
10 Years: %
5 Years: %
3 Years: 26%
TTM: 95%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: 26%
TTM: 77%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: %
1 Year: %
Return on Equity
10 Years: %
5 Years: %
3 Years: 31%
Last Year: 41%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2021 Mar 2022 Mar 2023 Sep 2024
Equity Capital 1 1 1 25
Reserves 21 26 34 157
10 23 27 20
34 40 25 18
Total Liabilities 67 89 88 219
1 2 2 10
CWIP 0 0 0 0
Investments 0 0 0 0
66 88 86 210
Total Assets 67 89 88 219

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2021 Mar 2022 Mar 2023 Mar 2024
-4 -8 -2 -3
-2 -1 -1 -7
-2 9 2 9
Net Cash Flow -8 0 0 0

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 38 77 84
Inventory Days 66 31 90
Days Payable 231 81 112
Cash Conversion Cycle -126 26 62
Working Capital Days 74 134 226
ROCE % 23% 24%

Shareholding Pattern

Numbers in percentages

Sep 2024
73.42%
3.06%
2.76%
20.76%
No. of Shareholders 4,308

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

Documents