Ganesh Green Bharat Shares Surge 4% After ₹33 Cr Order Win from NTPC Vidyut Vyapar Nigam
Stock Jumps on Major Order Win
Ganesh Green Bharat Limited, a leading solar panel manufacturer, witnessed a sharp 4% surge in its stock price after securing a prestigious ₹33 crore order from NTPC Vidyut Vyapar Nigam Limited (NVVN), a wholly owned subsidiary of NTPC. This positive development has strengthened investor confidence in the company’s growth trajectory, pushing its stock to ₹412 per share from the previous close of ₹398.
Price Movement and Market Impact
With a market capitalization of ₹1,021.80 crore, Ganesh Green Bharat Ltd has attracted significant investor attention following this deal. The stock gained nearly 4% intraday before settling at a 3% rise, reflecting strong bullish sentiment. The deal marks an important milestone in the company’s journey toward expanding its solar energy footprint.
Why the Stock is Rising?
Ganesh Green Bharat bagged the contract to develop a 7,131 KW grid-connected rooftop solar project across multiple locations of Central Armed Forces and Departments under the Ministry of Home Affairs (Zone 1 – Bihar and Jharkhand). This significant order not only strengthens its project pipeline but also affirms its growing reputation in the renewable energy sector.
The surge in stock price comes amid increased investor optimism about the company’s ability to secure government contracts, further reinforcing its leadership in solar power solutions.
Strong Financial Performance Boosts Investor Sentiment
Ganesh Green Bharat’s financial performance has been stellar, further fueling investor confidence. Here’s a look at its latest financial results:
| Financial Metric | H1 FY24 | H1 FY25 | Growth (%) |
|---|---|---|---|
| Revenue | ₹77 Cr. | ₹133 Cr. | 72% |
| Net Profit | ₹2 Cr. | ₹13 Cr. | 550% |
This impressive revenue and profit growth highlight the company’s ability to scale operations efficiently, leading to higher profitability.
Order Book and Future Growth Prospects
Currently, the company’s order book stands at ₹295 crore, slightly down from ₹313 crore in July. However, management remains optimistic, expecting a boost in orders during November-December due to seasonal government tenders. They are targeting a total order book of ₹500-650 crore from an estimated ₹2,400-2,500 crore worth of tenders.
The recent NTPC Vidyut Vyapar Nigam contract further reinforces the company’s standing as a key player in the renewable energy sector, positioning it well for future government and private-sector contracts.
Margin Guidance and Profitability Outlook
Ganesh Green Bharat’s EBITDA margin has declined from 21% to 16% due to a higher share of lower-margin solar module sales over EPC contracts. However, the company expects margins to stabilize between 16-20%, with an average of 18-19% by year-end, as the contribution of EPC contracts increases.
Technological Innovations Driving Efficiency
A major factor contributing to the company’s long-term growth is its focus on technological advancements. Ganesh Green Bharat is setting up a new plant with cutting-edge Heterojunction Technology (HJT), enhancing solar cell manufacturing efficiency.
Currently, its module efficiency stands at 24%, supported by AI-driven automation and smart manufacturing processes. This technological edge will help the company maintain a strong market position and improve production capabilities.
Ganesh Green Bharat: Company Overview
Ganesh Green Bharat Ltd specializes in:
- Solar PV Module Manufacturing
- Solar System & Allied Services
- Electrical Contracting
- Water Supply Scheme Projects
With an increasing focus on sustainability and renewable energy, the company is well-positioned to capitalize on the growing demand for solar power solutions.
Key Financial Ratios and Valuation
| Metric | Value |
|---|---|
| Market Cap | ₹1,036 Cr. |
| Current Price | ₹418 |
| 52-Week High / Low | ₹635 / ₹327 |
| Stock P/E | 42.2 |
| Book Value | ₹73.4 |
| Dividend Yield | 0.00% |
| ROCE (Return on Capital Employed) | 37.4% |
| ROE (Return on Equity) | 40.9% |
| Debt to Equity | 0.11 |
| Industry PE | 28.3 |
| Total Debt | ₹19.9 Cr. |
| PEG Ratio | – |
| Intrinsic Value | ₹351 |
| Graham Number | ₹139 |
| Piotroski Score | 3.00 |
| Price to Book Value | 5.69 |
| No. of Equity Shares | 2.48 Cr. |
| ROIC (Return on Invested Capital) | 31.2% |
Future Outlook: Growth Momentum to Continue
The ₹33 crore order from NTPC Vidyut Vyapar Nigam marks another step in Ganesh Green Bharat’s journey toward becoming a major renewable energy player. With its strong financials, increasing order book, and focus on technological innovation, the company is poised for sustained growth in the solar energy space.
Investors remain bullish on the company’s long-term prospects, especially given its ability to secure government projects and enhance production efficiency. If it continues on this growth path, Ganesh Green Bharat could see further stock price appreciation and a stronger market position in the renewable energy sector.
Conclusion: A Bright Future Ahead
Ganesh Green Bharat Ltd’s stock surge following the NTPC Vidyut Vyapar Nigam contract win highlights the strong demand for its solar solutions. Backed by solid financials, an expanding order book, and a commitment to innovation, the company is well-positioned to capitalize on India’s renewable energy boom.
With continued government support for clean energy initiatives, Ganesh Green Bharat could emerge as one of the leading players in India’s solar sector, making it a stock to watch in the coming months.
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Disclaimer: This blog post is for informational purposes only and should not be considered financial advice. Investors should conduct thorough research and consult with a qualified financial advisor before making any investment decisions.