Operates an asset-light EPC business that designs, supplies, installs and commissions solar-powered agricultural water pumps and rooftop solar projects, mainly under Indian government schemes like PM-KUSUM Component B and the Maharashtra Magel Tyala Saur Krushi Pump Yojana. The EPC Business and Supply of Systems segment contributed 87.9% of segment revenue at ₹1,515.585 crore in FY26. The Trading of Solar Cells (DCR) and Others segment — which trades domestically-manufactured solar cells required under government scheme rules — contributed 11.6% at ₹199.695 crore. In FY26, installed 61,000+ solar pump systems (276 MW capacity) and rooftop solar projects, taking cumulative installations across India to 617 MW and over 140,000 systems. Execution runs through a network spanning 7,500+ villages, with 1,300+ manpower and 15,000 systems-per-month installation capacity, supported by an outsourced OEM/ODM manufacturing model. As of March 31, 2026, the order book stood at ₹710 crore, including a ₹235.92 crore MSEDCL order for 10,000 off-grid solar pumps. Materials — solar cells, pumps and panels — make up the largest cost line at 57.5% of revenue, while employee costs are low at 1.7%. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. EPC Business and Supply of Systems (88%), Trading of Solar Cells (DCR) and Others (12%), Other Income (Rental, Interest etc) (1%). Asset-light EPC execution in decentralised renewable energy infrastructure, outsourced OEM/ODM manufacturing
| ₹ crore · consolidated | FY26 |
|---|---|
| Revenue | 1,715 |
| EBITDA (ex other income) | 309 |
| margin % | 18.0 |
| Owners' profit | 0 |
| EPS, as reported (₹) | 10.90 |
| ROE % · ROCE % | 23.0 · 34.8 |
| Debt / equity (x) | 0.23 |
| Cash from operations | 50 |
| Capex | (99) |
| ₹ crore | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|
| Revenue | 325 | 404 | 510 | 477 | 505 |
| Profit before tax | 51 | 63 | 86 | 75 | 80 |
| Net profit | 37 | 47 | 61 | 59 | 60 |
| EPS (₹) | 2.19 | 2.31 | 3.34 | 2.92 | 2.94 |
| Segment | Revenue, ₹ crore | Share % |
|---|---|---|
| EPC Business and Supply of Systems | 1,516 | 88.2 |
| Trading of Solar Cells (DCR) and Others | 58 | 3.4 |
| Add: Other Income (Rental, Interest etc) | 3 | 0.1 |
| Trading of Solar Cells (DCR) and others | 95 | 5.5 |
| Trading of Solar Cells (DCR) | 46 | 2.7 |
| Total, before eliminations | 1,718 | 100.0 |
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| LARSEN & TOUBRO LTD. | 5,40,766 | 32.6 | 4.21 | 19.5 | 14.7 | 11.9 | 16.0 | 12.5 |
| RAIL VIKAS NIGAM LIMITED |
| Date · filing | Category | Importance | 1-day % | 5-day % |
|---|---|---|---|---|
| 3 Sept 2026 · GK Energy to attend Avendus Spark Small-Cap Investor Conference on Sept 8 | board shareholder meetings | low | — | — |
| 2 Sept 2026 · GK Energy AGM: All 8 resolutions passed; Rs 0.50 per share dividend declared | board shareholder meetings | low | — | — |
| 31 Aug 2026 · GK Energy 18th AGM proceedings: dividend of Rs 0.50 per share, 8 resolutions | board shareholder meetings | low | — | — |
| 27 Aug 2026 · GK Energy gets rooftop solar empanelment for 1 lakh households worth Rs 454.50 Crore | compliance | low | — | — |
| 26 Aug 2026 · Rs 454.50 Cr Letter of Empanelment for 100 MW rooftop solar project | business updates | high | — | — |
| 21 Aug 2026 · GK Energy to hold Non-Deal Roadshow with investors on Aug 26, 2026 | board shareholder meetings | low | — | — |
| 9 Aug 2026 · Annual Report dispatched, 18th AGM on August 31 | compliance | minimal | — | — |
| 8 Aug 2026 · GK Energy 18th AGM notice with dividend and key resolutions | board shareholder meetings | low | — | — |
| 8 Aug 2026 · GK Energy 18th AGM notice published, meeting on August 31, 2026 | compliance | minimal | — | — |
| 8 Aug 2026 · Newspaper publication of Q1 FY27 financial results submitted | compliance | minimal | — | — |
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) |
| 42,722 |
| 47.5 |
| 4.35 |
| 30.4 |
| 8.9 |
| 7.5 |
| 5.8 |
| 7.5 |
| KALPATARU PROJECT INT LTD | 24,541 | 21.6 | 3.17 | 11.1 | 13.3 | 15.0 | 16.0 | 10.0 |
| IRB INFRA DEV LTD. | 23,770 | 18.2 | 1.13 | 10.5 | 4.1 | 2.5 | 7.6 | 55.6 |
| NBCC (INDIA) LIMITED | 22,383 | 30.3 | 6.96 | 18.8 | 23.1 | 29.7 | 13.5 | 9.6 |
| CEMINDIA PROJECTS LIMITED | 21,472 | 35.7 | 8.95 | 18.2 | 24.9 | 31.7 | 29.8 | 10.5 |
| ENGINEERS INDIA LTD | 15,144 | 19.3 | 4.81 | 16.9 | 22.0 | 26.5 | 4.6 | 20.1 |
| TECHNO ELEC & ENG CO. LTD | 11,339 | 26.3 | 2.73 | 18.6 | 11.4 | 12.4 | 29.6 | 20.4 |
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 11.1 | 14.9 | 38 of 107 | 65% |
| P/B | 2.9 | 1.4 | 66 of 86 | 24% |
| ROCE | 30.4 | 10.0 | 9 of 109 | 93% |
| ROE | 23.0 | 9.2 | 11 of 91 | 89% |
| Debt / Equity | 0.2 | 0.3 | 33 of 91 | 64% |
| EBITDA margin | 17.0 | 12.4 | 27 of 88 | 70% |
| Revenue growth | 55.5 | 6.2 | 11 of 86 | 88% |
| Profit growth | 59.9 | 2.7 | 17 of 84 | 81% |
| Market cap | 2586 | 485 | 32 of 108 | 71% |
| A state: the latest filed quarter and the measured reactions |
| an event is a fact; a rating is an opinion that requires SEBI RA registration |
| A target price and upside | The current price and the multiples against the group | a target is a forecast; a multiple is a measurement |
| Estimate years marked E | More audited years; no estimates | MarketPing publishes no forecasts — your own model lives on the Models page |
This document is a statistical summary of publicly filed information and market data, prepared by software from primary sources: SEBI results XBRL filed with BSE and NSE, LODR disclosures, shareholding patterns, exchange price data. It contains no research recommendation, no price target and no opinion on the merits of any security, and is not a research report within the meaning of the SEBI (Research Analysts) Regulations, 2014, Regulation 2(1)(w)(vii). Financial statements are as filed (consolidated where the company files consolidated results). Ratios are computed over filed lines. Where a figure is unavailable the table shows a dash rather than an estimate. The business brief is written by MarketPing's reader from the annual report and checked against it; no figure in a table was generated by a model. Nothing here constitutes investment advice, an offer or a solicitation; readers should consult a SEBI-registered adviser before acting. MarketPing is not a SEBI-registered intermediary.
