Gujarat Inject Kerala Secures Two Ahmedabad Industrial Leases for Renewable R&D

Key numbers

Market Cap	₹163.34 CrSmall Cap
1-Year Return	374.47%Price Performance
P/E TTM	54.59xSector 47.19x
Net Profit Qtr	₹1.25 Cr1602.9% YoY Growth
Execution period	5 years (2-year lessee lock-in)

Key highlights

• Execution of two 5-year lease agreements at Metro Industrial Park, Sanand, Ahmedabad
• Premises include Plot/Shed Nos. 30 and 31 for factory and R&D operations
• Agreements feature a 5% annual rent escalation and a mandatory 2-year lock-in period
• Strategic focus on Research and Development in thermal and renewable energy technologies
• Expansion follows a massive 414.4% YoY quarterly revenue growth reported in June 2026

Details

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Dual Industrial Leases in Ahmedabad's Sanand Hub

Gujarat Inject (Kerala) Ltd has formally entered into two lease agreements for industrial properties located at Metro Industrial Park in Village Moraiya, Sanand. The lease covers two distinct premises, identified as Plot/Shed Nos. 30 and 31.

Both agreements carry identical terms, spanning a tenure of five years with a fixed annual rent escalation of 5%. To ensure operational stability during the initial phase, a two-year lock-in period has been established for the company. The move signifies a physical footprint expansion in Gujarat, providing dedicated space for the company's evolving business requirements.

Core Details of the Agreement

• Location: Metro Industrial Park, Village Moraiya, Taluka Sanand, District Ahmedabad
• Property Details: Two separate industrial sheds (Plot/Shed Nos. 30 and 31)
• Security Deposit: ₹1,55,000 per agreement, interest-free and refundable
• Lease Duration: 5 years with a 2-year lock-in period for the company
• Annual Escalation: Fixed 5% increase in lease rentals
• Primary Use: Factory operations and R&D in thermal and renewable energy

Strategic Pivot Toward Renewable Energy

While traditionally classified within the pharmaceutical sector, Gujarat Inject (Kerala) Ltd is aggressively pivoting toward renewable energy infrastructure. The new Ahmedabad facilities are designated for R&D in thermal and renewable energy, aligning with the company's earlier 2026 strategic partnership with UK-based Storenergy Limited to develop storage technology in India. This follows the 2025 shareholder approval to expand corporate objects into EV charging and battery energy storage systems.

The company's solar vertical already includes a 5 MW project at Mehsana and a prior ₹20.76 crore investment agreement with Soleos Energy Limited.

Financial Performance and Growth Trajectory

The expansion comes at a time of significant financial acceleration for the company. For the quarter ended June 30, 2026, Gujarat Inject reported operating revenue of ₹12.45 crore, representing a 414.4% year-on-year increase. More notably, net profit surged by 1602.9% YoY to reaching ₹1.25 crore, with operating margins improving to 13.55%.

Despite a quarter-on-quarter dip in revenue, the company's long-term momentum remains strong, evidenced by a 374.47% stock price appreciation over the past year and a high Piotroski Score of 6, indicating healthy financial strength.

What to watch next

• 05 Nov 2026: Board meeting to consider and approve financial results for the quarter ended 30 Sep 2026
• Shareholder approval for the issuance of 3,00,00,000 convertible equity warrants to raise ₹3.00 crore
• Operational commencement of the 5 MW solar power project at Jakasana, Mehsana

Gujarat Inject Kerala · financial snapshot

Share price	₹11.15
Market capitalisation	₹163.34 Cr
Revenue (annual)	₹36.32 Cr
Net profit (annual)	₹1.81 Cr
Revenue (latest quarter)	₹12.45 Cr-59.43% vs previous quarter
Net profit (latest quarter)	₹1.25 Cr-23.45% vs previous quarter
P/E (TTM)	54.59×Sector 47.19×
FII holding	0%Current quarter

Reference market data from a third-party provider, as of the story. Not a valuation or a recommendation.