BSE: 544163
Greenhitech Ventures Limited
Operates as a small-scale energy and commodities trader listed on the BSE SME platform, with consolidated FY26 revenue of Rs 37.597 crore against total assets of Rs 123.359 crore. On a standalone basis, the company earns from trading in food grains and fuel oils, and from ethanol job-work. Through its 76% subsidiary Tritech Industrial Solutions, it has taken on the operations and maintenance contract at the Bamboo-to-Ethanol Plant at Numaligarh Refinery Ltd. and has dispatched its first batch of bamboo-derived ethanol. Through its 100% subsidiary Greenkashi Bio Energy, it has commenced commercial production of tire-derived fuel oil, recycled steel, and recovered carbon black using technology from Klean Industries Inc., Canada. The cost base is dominated by employee costs (27.1% of revenue), with materials at 5.4% and other operating expenses at 8.1% of revenue, and capex at 3.2% of revenue. Cash flow from operations was sharply negative in both FY25 and FY26, reflecting working-capital absorption, while standalone revenue in FY26 was broadly flat year-on-year and standalone profit after tax declined 12.9%. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Trading of food grains, Trading of fuel oils, Ethanol job-work / O&M contracts, Tire-derived fuel oil, recycled steel and recovered carbon black. Small, diversified energy and commodities group combining low-margin trading (food grains, fuel oils) with newly added waste-to-fuel and ethanol O&M activities through subsidiaries.
Exhibit 1: Financial summary, FY26–FY26 (all audited; no estimate years)
| ₹ crore · consolidated | FY26 |
|---|---|
| Revenue | 38 |
| EBITDA (ex other income) | — |
| margin % | — |
| Owners' profit | — |
| EPS, as reported (₹) | 0.58 |
| ROE % · ROCE % | — · 1.5 |
| Debt / equity (x) | — |
| Cash from operations | (17) |
| Capex | (1) |
Exhibit 2: Quarterly performance, last 2 quarters
| ₹ crore | Q2 FY26 | Q4 FY26 |
|---|---|---|
| Revenue | 19 | 19 |
| Profit before tax | 0 | 1 |
| Net profit | — | — |
| EPS (₹) | 0.08 | 0.49 |
Exhibit 3: Peers — basic industry group, by market cap
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| CASTROL INDIA LIMITED | 18,693 | 17.6 | 9.79 | — | 30.9 | 40.4 | — | 27.2 |
| GULF OIL LUB. IND. LTD. | 5,269 | 14.0 | 3.33 | 7.9 | 21.8 | 27.6 | — | 14.5 |
| SAVITA OIL TECHNOLO. LTD | 4,837 | 11.7 | 2.67 | 16.2 | 10.0 | 13.3 | — | 26.8 |
| GANDHAR OIL REFINE IND L | 3,110 | 10.3 | 2.22 | 13.1 | 9.8 | 11.4 | — | 16.4 |
| PANAMA PETROCHEM LTD | 3,034 | 6.3 | 2.07 | 10.6 | 14.5 | 17.3 | 16.2 | 22.6 |
| VEEDOL CORPORATION LTD | 2,217 | 10.1 | 2.14 | 8.4 | 18.5 | 19.0 | 11.5 | 16.8 |
| Greenhitech Ventures Limited ◆ | 48 | 64.9 | — | — | — | 1.0 | — | — |
Exhibit 4: Where the company sits in its group
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 64.9 | 10.4 | 19 of 20 | 5% |
| ROCE | 1.0 | 17.1 | 19 of 19 | 0% |
| Market cap | 48 | 3072 | 18 of 20 | 11% |
Exhibit 5: Filings of the last 90 days, with the measured price reaction
| Date · filing | Category | Importance | Next day % | 5-day % |
|---|---|---|---|---|
| 15 Oct 2026 · Quarterly demat compliance certificate filed with BSE | compliance | minimal | — | — |
| 29 Sept 2026 · Trading Window Closure from Oct 1 for H2 FY26 Results | compliance | minimal | — | — |
| 29 Sept 2026 · All 4 resolutions passed at 3rd AGM; related party deals approved | board shareholder meetings | low | — | — |
| 29 Sept 2026 · 3rd AGM held; financial statements, director appointment and RPTs tabled for approval | board shareholder meetings | medium | — | — |
| 6 Sept 2026 · Newspaper publication disclosure under SEBI LODR Regulation 30 | compliance | minimal | — | — |
| 4 Sept 2026 · Annual Report FY 2025-26 and 3rd AGM Notice | board shareholder meetings | medium | — | — |
| 4 Sept 2026 · Greenhitech 3rd AGM notice for September 29, 2026 | board shareholder meetings | low | — | — |
| 3 Sept 2026 · Board approves Director's Report and 3rd AGM notice | board shareholder meetings | low | — | — |
| 14 Jul 2026 · Reg 74(5) confirmation certificate filed for quarter ended 30 June 2026 | compliance | minimal | — | — |
| 30 May 2026 · Financial Results for 31st March, 2026 with un-modified opinion | results | high | — | — |
How to read this document
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) | 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 |
Sources, method and disclosures
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.