This microcap Infrastructure stock specializes in electrical contracting and renewable energy solutions and was up 2.8% in opening day’s trade upon receiving an order from Power Grid Corporation of India worth Rs. 5.16 crore.
With a market capitalization of Rs. 840 Crores, the shares of Ganesh Green Bharat were trading at Rs. 350, up 2.8% from its previous day’s close price of Rs. 340.20. The stock has recently listed in the bourses gaining 90% and listed at Rs. 361 apiece. From then it declined to around 6.73% in the same period.
The company is in the microcap category, and its FY24 results show revenue from operations increased by 88.86 percent year on year, from Rs. 90 crore in FY23 to Rs. 170 crore in FY24. Their net profit increased by 167% year on year, from Rs. 8.15 crores in FY24 to Rs. 21.82 crores in FY25.
The company has been awarded a contract from Power Grid Corporation of India for the grid connectivity supply of Solar PV Power plants in locations like Purnea, Pusauli, Gaya, RHQ Patna, Banka, Ara, Biharsharif, Kishanganj and Muzaffarpur. The aggregate quantity is 1,010 KWP. The contract price is around Rs. 5.16 crore.
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Ganesh Green Bharat Limited, founded in 2016, focuses on electrical contracting and renewable energy solutions. The company manufactures solar panels and provides comprehensive Engineering, Procurement, and Construction (EPC) services for solar projects. It actively participates in government initiatives like the Saubhagya and KUSUM schemes, enhancing rural electrification.
The business model emphasizes sustainable practices and environmental stewardship, holding ISO 14001:2015 certification. Ganesh Green Bharat integrates solar energy solutions with water supply projects, ensuring efficient access to clean water. Its diverse project portfolio includes successful collaborations with government bodies, showcasing its commitment to community development.
Ganesh Green Bharat Limited continues to expand its capabilities in both solar energy and water supply systems, positioning itself as a leader in sustainable development within the Indian market.
According to the company’s segment as of FY24, the revenue from EPC contributes around 83.13 percent, revenue from Solar Panel manufacturing is around 16.10 percent, the share of joint ventures contributes around 0.75 percent and others is negligible.
Written by Santhosh S
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