On 6 Nov 2026, GK Energy was priced at ₹99.55, or 8.6× trailing earnings, against an industry P/E of 45.8×, and the shares are 52% below their 52-week high. Its ROCE of 35% is the highest among the 7 largest Utilities (Renewable) peers, and sales and net profit grew 82% and 173% a year over 3 years. Its dividend yield is 0.5%, and debt is 0.35× equity. It is a small-cap company with a market cap of ₹2,019 Cr, ranked 11th of 18 Utilities (Renewable) companies by market cap; the shares fell 53% over the past year.
- ₹99.98
- ₹100.20
- ₹97.56
- ₹99.98
- 2.1 L
Health check
- ReturnsBehind
−53.2% over a year, better than 0 of 7 peers.
- Price tagCheaper
P/E 8.6 vs industry 45.8.
- GrowthStrong
Sales +81.8%, profit +172.6% a year over 3 years.
- ProfitabilityStrong
ROCE 34.6% vs peer median 5.8%.
- Balance sheetFair
Debt 0.35× equity, interest covered 8.1×, Piotroski 5 of 9.
- Red flags1 to check
52% below its 52-week high.
Small cap
Market sensitivity
Key metrics
- Market cap
- ₹2,019 Cr
- Small cap
- P/E
- 8.6
- Industry 45.8
- Price to book
- 2.05
- Peers 3.18
- Dividend yield
- 0.50%
- ROE
- 26.0%
- Peers 7.3%
- ROCE
- 34.6%
- Peers 5.8%
- Debt to equity
- 0.35
- Debt ₹344 Cr
- EPS (TTM)
- ₹11.63
- Face value ₹2
- OPM (TTM)
- 17.6%
- Net margin 12.1%
- Sales growth
- +1.1%
- Latest quarter vs a year ago
- Profit growth
- +5.2%
- Latest quarter vs a year ago
- Price to sales
- 1.06
- EV/EBITDA 6.5
Strengths and risks
Strengths
- Return on equity of 26.0%.
- Return on capital employed of 34.6%.
- P/E of 8.6 against an industry P/E of 45.8.
Risks to check
- 52% below its 52-week high.
About GK Energy
GK Energy Limited engages in the design, manufacture, supply, transport, installation, testing, and commissioning of decentralized solar systems in India. It offers solar agriculture pumps, solar photovoltaic modules, solar water pump controllers, and solar rooftops. The company also sells photovoltaic cells and solar modules manufactured by third parties. GK Energy Limited was formerly known as GK Energy Private Limited and changed its name to GK Energy…
- Headquarters
- Pune
- Employees
- 150
- Sector
- Utilities
- ISIN
- INE1AG301022
- Website
- gkenergy.in
Price range
- Avg volume (3M)
- 5.4 L
- 1-year return
- minus 53.2%
- From 52-week high
- minus 51.9%
Peers · Utilities - Renewable
| Company | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| ADANIGREENAdani Green Energy | 1,424.10 | plus 0.65% | 2,34,574 | 129.5 | 30.6 | 6.3% | 90.8% | 3.75 | 16.6% | plus 30.2% |
| ENRINSiemens Energy India | 2,809.00 | minus 1.75% | 1,00,034 | 67.2 | 63.4 | 29.2% | 21.5% | 0.04 | – | minus 11.9% |
| NHPCNHPC | 82.08 | plus 1.84% | 82,450 | 19.1 | 23.7 | 5.8% | 46.1% | 1.13 | 2.0% | minus 4.2% |
| NTPCGREENNTPC Green Energy | 82.63 | minus 1.27% | 69,627 | 107.3 | 40.5 | 2.9% | 87.5% | 1.92 | 156.2% | minus 16.9% |
| ACMESOLARACME Solar Holdings | 394.95 | minus 3.17% | 27,883 | 34.2 | 24.8 | 7.0% | 86.5% | 3.30 | 16.0% | plus 49.0% |
| SJVNSJVN | 57.15 | minus 0.70% | 22,459 | 22.7 | 16.4 | 5.0% | 67.8% | 2.25 | 14.6% | minus 34.1% |
| CLEANMAXClean Max Enviro Energy Solutions | 1,259.70 | minus 1.32% | 14,815 | 81.4 | 21.8 | 4.9% | 58.4% | 2.32 | 27.1% | plus 45.2% |
| GKENERGYGK Energy | 99.55 | minus 0.43% | 2,019 | 8.6 | 6.1 | 34.6% | 17.6% | 0.35 | 81.8% | minus 53.2% |
| Median of 7 peers | – | −1.27% | 69,627 | 67.2 | 24.8 | 5.8% | 67.8% | 2.25 | 16.3% | −4.2% |
Quarterly results
| ₹ Cr | Sep 25 | Dec 25 | Mar 26 | Jun 26 | Sep 26 |
|---|---|---|---|---|---|
| 404 | 510 | 477 | 505 | 409 | |
| 331 | 415 | 393 | 423 | 336 | |
| 72.8 | 95 | 84 | 82.7 | 72.4 | |
| 18.0% | 18.6% | 17.6% | 16.4% | 17.7% | |
| 1.9 | 3.3 | 2.5 | 3.4 | 2.1 | |
| 11.2 | 10.9 | 10.6 | 4.6 | 7.3 | |
| 0.8 | 1.1 | 1.3 | 1.3 | 1.4 | |
| 62.7 | 86.3 | 74.7 | 80.3 | 65.8 | |
| 25.2% | 29.5% | 20.6% | 25.7% | 25.0% | |
| 46.9 | 60.8 | 59.3 | 59.6 | 49.4 | |
| 2.73 | 3.34 | 2.92 | 2.94 | 2.43 |
Profit & loss
- Sales CAGR 3Y
- +81.8%
- Profit CAGR 3Y
- +172.6%
- EPS CAGR 3Y
- +179.8%
- ROE
- 26.0%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 285 | 411 | 1,094 | 1,714 | |
| – | +44.2% | +166.1% | +56.6% | |
| 268 | 357 | 894 | 1,403 | |
| 17.5 | 54.4 | 200 | 311 | |
| 6.1% | 13.2% | 18.3% | 18.1% | |
| −0.3 | 0.3 | 1.8 | 5.5 | |
| 3.2 | 5.2 | 20 | 38.4 | |
| 0.5 | 0.7 | 1.4 | 3.7 | |
| – | −0.5 | – | 0 | |
| 13.5 | 48.3 | 180 | 274 | |
| 25.2% | 25.2% | 26.1% | 25.5% | |
| 10.1 | 36.1 | 133 | 204 | |
| – | +258.0% | +269.1% | +53.4% | |
| 0.50 | 1.78 | 6.57 | 10.90 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 1.3 | 1.3 | 34 | 40.6 | |
| 18.6 | 54.7 | 175 | 847 | |
| 42.6 | 62.5 | 218 | 205 | |
| 80.3 | 95.6 | 157 | 212 | |
| 143 | 214 | 584 | 1,305 | |
| 6 | 10.7 | 26.2 | 109 | |
| – | 0 | 13 | – | |
| – | – | – | 0.1 | |
| 0.7 | 0.7 | 1.1 | 335 | |
| 136 | 203 | 543 | 861 | |
| 143 | 214 | 584 | 1,305 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| −14.9 | −4.9 | −98.6 | 50.4 | |
| −0.3 | −9.7 | −53 | −136 | |
| 15.4 | 14.6 | 152 | 420 | |
| 0.2 | 0 | 0.4 | 334 | |
| −0.2 | −5.4 | −4.7 | −99.4 | |
| −15.1 | −10.3 | −103 | −49 |
Shareholding pattern
- Promoters79.20%
- Public20.80%
| Quarter | Split | Promoters | Public | Promoter change |
|---|---|---|---|---|
| 30 Sep 2026 | 79.20% | 20.80% | 0.00 | |
| 30 Jun 2026 | 79.20% | 20.80% | 0.00 | |
| 31 Mar 2026 | 79.20% | 20.80% | 0.00 | |
| 31 Dec 2025 | 79.20% | 20.80% | 0.00 | |
| 30 Sep 2025 | 79.20% | 20.80% | – |
Major shareholders
Filings & events
News
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