Green Energy stock which is an integrated solar energy solutions provider engaged in offering EPC and O&M services for power plants, solar systems, pumping systems, and many others jumped upto 3 percent in the day’s trade upon receiving work order worth Rs. 30.07 Crores from Bihar Govt, for Smart Solar Street Light Systems.
Price Action (WA:ACT)
With a market capitalization of Rs. 1,078 Crores, the shares of Ganesh Green Bharat Ltd (NS:GANR) were trading at Rs. 435 per equity share, down 0.71 percent from its previous day’s close price of Rs. 437.80.
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What Happened
Ganesh Green Bharat Limited an integrated solar energy solutions provider specializing in Solar PV Module manufacturing, Solar Systems, and Allied Services, has received a new work order from the Bihar Renewable Energy Development Agency for a consideration of Rs. 30.07 Crores.
It involves the Empanelment of Executing Agencies for Design, Supply, Installation, Testing, and Commissioning with a Comprehensive Maintenance Contract for 5 years including a Remote Monitoring System of the Smart Solar Street Light System on the identified existing electric pole in various regions of Bihar under the ‘Mukhyamantri Gramin Solar Street Light Yojana’.
About the Company
Ganesh Green Bharat Limited is an integrated solar energy solutions provider specializing in Solar PV Module manufacturing, Solar Systems and Allied Services, Electrical Contracting, and Water Supply Scheme Projects. It engaged in offering EPC and O&M services for power plants, solar systems, pumping systems, water supply systems, solar home lights, street lights, and high mast lighting.
Its segment-wise revenue mix consists of Solar PV Modules 53 percent, Electrical Contracting Services 30 percent, Solar System & Allied Services 11 percent, and Water Supply Scheme Projects 6 percent. It has a strong order book of Rs. 327.44 Crores.
Financials and Ratios
Its revenue from operations grew by 134 percent from Rs. 59 Crores in H1FY24 to Rs. 138 Crores in H1FY25, accompanied by profits of Rs. 7 Crores to Rs. 13 Crores.
In terms of Return ratios, it has reported a return on equity (ROE) of 13.93 percent, and a Return on capital employed (ROCE) of 19.54 percent. It has reported a debt-to-equity ratio of 0.17
Written by: Bharath K.S
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