| Total Capacity | 7.67 MWSolar EPC |
|---|---|
| Market Cap | ₹243.04 CrMicro Cap |
| P/E Ratio | 17.9TTM Basis |
| Execution period | 3-6 months |
| Deal value | ₹24.88 Cr |
| Share of market cap | 10.2% |
| Share of annual revenue | 20.2% |
Key highlights
- Aggregate order value of ₹24.88 crore received during the fortnight ending August 31, 2026
- Total cumulative capacity of 7,666.56 kW (DC) equivalent to approximately 7.67 MW
- Project portfolio includes seven ground-mounted installations and one 120 KW rooftop solar unit
- Execution timelines are set for six months for ground projects and three months for the rooftop project
- Technical specifications involve advanced setups including Single Axis Trackers and Seasonal Tilt systems
Order Details and Technical Scope
The eight domestic orders awarded to GRE Renew Enertech involve the design, engineering, supply, installation, testing, and commissioning of grid-connected solar power plants. Seven of these projects are ground-mounted units ranging in capacity from 416.64 kW to 2,116.8 kW, utilizing either Single Axis Trackers or Seasonal Tilt technologies to optimize energy yield. The eighth project is a 120 KW rooftop solar installation.
The total contract value of ₹24.88 crore is inclusive of applicable GST, and the work is scheduled to be completed within a period of three to six months from the receipt of the orders.
Business Overview and Market Presence
GRE Renew Enertech Limited, formerly known as GRE Renew Enertech Private Limited, operates as a Renewable Energy projects developer and EPC specialist. The firm integrates the manufacturing of LED lighting and solar products with project execution services. Its core business focuses on providing end-to-end solutions for renewable energy infrastructure, servicing the industrial demand for captive power schemes.
By managing projects from engineering through to commissioning, the company maintains a footprint in the utility-scale and commercial solar sectors, positioning itself as a comprehensive provider in the Indian green energy transition market.
Financial Performance and Valuation
The company currently holds a market capitalization of ₹243.04 crore. For the fiscal year ending March 2026, GRE Renew Enertech reported an operating revenue of ₹122.92 crore, reflecting a year-on-year growth of 49.08%. Net profit for the same period rose by 93.23% to reach ₹13.58 crore.
The stock trades at a trailing twelve-month P/E ratio of 17.9, which is significantly lower than the industry average P/E of 80.37. While the stock has seen a monthly price correction of 3.16%, its long-term momentum is reflected in a 125-session Rate of Change of 74.91%.
Industry Context and Strategic Positioning
India's renewable energy sector is witnessing a shift toward captive solar plants as industrial consumers seek to manage energy costs and meet sustainability mandates. The solar EPC market is benefiting from this demand, with sector revenue growing at 16.66% annually. GRE Renew Enertech's focus on diverse technical specifications, such as single-axis tracking systems, allows it to cater to high-efficiency requirements in the utilities space.
Competitive dynamics remain high in the green energy sector, but consistent order inflows for domestic solar infrastructure provide a visible revenue pipeline for specialized EPC contractors over the short to medium term.
| Share price | ₹170.1 |
|---|---|
| Market capitalisation | ₹243.04 Cr |
| Revenue (annual) | ₹122.92 Cr |
| Net profit (annual) | ₹13.58 Cr |
| P/E (TTM) | 17.9×Sector 25.81× |
| Promoter holding | 69.99%0.00% QoQ |
| FII holding | 0.38%Current quarter |
Reference market data from a third-party provider, as of the story. Not a valuation or a recommendation.
Exchange filing by GRE Renew Enertech Limited announcing the receipt of eight new solar EPC orders during August 2026. Market figures from a third-party data provider.
