The shares of the solar panel manufacturer gained up to 4 percent after the company bagged a prestigious letter of award from NTPC Vidyut Vyapar Nigam Limited for Rs 33 crore.
Price Movement
With a market capitalization of Rs 1,021.80 crore, the shares of Ganesh Green Bharat Limited were trading at Rs 412 per share, increasing around 3 percent as compared to the previous closing price of Rs 398 apiece.
Reason for Rise
The shares of Ganesh Green Bharat Limited have seen positive movement after bagging a prestigious letter of award from NTPC Vidyut Vyapar Nigam Limited (A Wholly Owned Subsidiary of NTPC) for the development of 7131 KW grid-connected rooftop solar projects at various locations of Central Armed Forces and Departments under Ministry of Home Affairs Zone 1 (Bihar, Jharkhand) worth Rs 33 crores.
Financial Performance
Looking forward to the company’s financial performance, revenue increased by 72 percent from Rs 77 crore in H1FY24 to Rs 133 crore in H1Y25. During the same period, net profit increased by 550 percent, from Rs 2 crore to Rs 13 crore.
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Order Book
The company’s order book stands at Rs 295 crore, down from Rs 313 crore in July, with smaller orders of Rs 3-5 crore each. Management anticipates a pickup in November-December due to seasonal government tenders and is targeting Rs 500-650 crore from a Rs 2,400-2,500 crore tender.
Margin Guidance
The company’s EBITDA margin declined from 21% to 16% due to a higher share of lower-margin solar module sales over EPC contracts. Management expects margins to stabilize between 16-20%, aiming for an 18-19% average by year-end as EPC contributions increase.
Technological Innovations
The company is advancing solar cell manufacturing with plans for a new plant using HJT technology. Current module efficiency stands at 24%, supported by advanced automation and AI-driven processes, reinforcing its commitment to technological innovation and enhanced production capabilities in the renewable energy sector.
Company Profile
Ganesh Green Bharat Ltd specializes in Solar PV Module manufacturing, Solar Systems and Allied Services, Electrical Contracting, and Water Supply Scheme Projects.
Written by Abhishek Singh
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The shares of the solar panel manufacturer gained up to 4 percent after the company bagged a prestigious letter of award from NTPC Vidyut Vyapar Nigam Limited for Rs 33 crore. Price Movement With a market capitalization of Rs 1,021.80 crore, the shares of Ganesh Green Bharat Limited were trading at Rs 412 per share,
The post Solar stock jumps 4% after winning ₹33 Cr order from NTPC Vidyut Vyapar Nigam appeared first on Trade Brains. Read MoreNews, Stocks, Ganesh Green Bharat Limited, Ganesh Green Bharat Limited latest news, Ganesh Green Bharat Limited news, Ganesh Green Bharat Limited news today, Ganesh Green Bharat Limited share price, Ganesh Green Bharat Limited stock price, market news, Solar stock, stock market, Stock market news, stock news Trade Brains
