| Market Cap | ₹2,623.4 CrMid-cap |
|---|---|
| ROE Annual | 63.7%Return on Equity |
| RSI | 59.88Neutral Zone |
| Order from | Maharashtra State Electricity Distribution Company Limited |
| Execution period | Within 60 days from the date of issuance of Work Order/NTP |
| Deal value | ₹353.89 Cr |
| Share of market cap | 13.5% |
| Share of annual revenue | 22.2% |
Key highlights
- Empaneled for 15,000 Off-Grid DC Solar Photovoltaic Water Pumping Systems (SPWPS)
- Total contract value fixed at ₹353.89 crore including GST
- Covers supply of pump capacities in 3 HP, 5 HP, and 7.5 HP variants
- Project to be executed across the entire state of Maharashtra
- Aggressive execution timeline of 60 days from the date of work order issuance
Scope of the Solar Pump Mandate
GK Energy Limited has been selected for a substantial empanelment by Maharashtra State Electricity Distribution Company Limited (MSEDCL). The project involves the design, manufacture, supply, transport, installation, testing, and commissioning of 15,000 Off-Grid DC Solar Photovoltaic Water Pumping Systems (SPWPS). These systems are intended to support agricultural irrigation across Maharashtra and will feature different configurations, including 3 HP, 5 HP, and 7.5 HP capacities.
The total consideration for this comprehensive state-wide mandate is ₹353.89 crore, including all applicable taxes.
Strategic Impact and Execution Timeline
The execution of this order is scheduled on an accelerated basis, with completion required within 60 days from the issuance of the Work Order or Notice to Proceed (NTP). This single contract represents approximately 22% of the company's trailing twelve-month operating revenue of ₹1,591.04 crore. The project is part of the Magel Tyala Saur Krushi Pump Yojana, a key state government initiative.
Securing this high-volume mandate demonstrates the company's logistical capacity to handle large-scale deployments of decentralized renewable energy infrastructure in a compressed timeframe.
Financial Performance and Growth
GK Energy has reported strong financial metrics, with annual net profit surging by 269.1% and operating revenue growing by 166.59% in the last fiscal year. The company maintains a high annual Return on Assets (ROA) of 22.82% and an annual Return on Equity (ROE) of 63.7%. Currently trading at a price-to-earnings (PE) ratio of 13.93, the company is valued significantly below the broader industry PE of 41.35.
Institutional confidence remains steady, with promoters holding a 79.2% stake and mutual funds maintaining a 3.41% interest in the firm.
Sector and Scheme Context
- Project awarded under the Magel Tyala Saur Krushi Pump Yojana in Maharashtra
- Aims to provide sustainable irrigation solutions while reducing agricultural subsidy burdens
- Supports the national transition towards solarized agricultural power under green energy goals
- Strengthens the company's position in the Compressors and Pumps industry landscape
- Demonstrates continued government reliance on solar empanelment for rural electrification
| Share price | ₹129.35 |
|---|---|
| Market capitalisation | ₹2,623.44 Cr |
| Revenue (annual) | ₹1,094.83 Cr |
| Net profit (annual) | ₹133.21 Cr |
| Revenue (latest quarter) | ₹509.69 Cr+26.15% vs previous quarter |
| Net profit (latest quarter) | ₹60.82 Cr+29.64% vs previous quarter |
| P/E (TTM) | 13.93×Sector 58.86× |
| Promoter holding | 79.2%0.00% QoQ |
| FII holding | 0.79%Current quarter |
Reference market data from a third-party provider, as of the story. Not a valuation or a recommendation.
Exchange filing by GK Energy Limited announcing the receipt of a Letter of Empanelment from MSEDCL for 15,000 solar pumps. Market figures from a third-party data provider.
