Ganesh Green Bharat Ltd Q4 FY26 Results & Concall Highlights: Revenue, Margins & Order Book
Published 14 Jun 2026 | Electrical Equipment | Market Cap: ₹633 Cr
Company targets a minimum growth of 50%-70% annually over the next 5 years. Ganesh Green Bharat expects continued strong growth, targeting 50%-70% revenue growth annually over the next 5 years.
From Ganesh Green Bharat Ltd's Q4 FY26 earnings-call transcript · updated 23 Aug 2026.
Price
₹238
Market Cap
₹633 Cr
P/E Ratio
8.4
Revenue Rank
Margin Rank
How does Ganesh Green Bharat Ltd rank in Electrical Equipment?
Compare Ganesh Green Bharat Ltd against every Electrical Equipment company this quarter on revenue, margins and earnings-call signals.
📊 Revenue & Sales Performance
Rank 1- →Company targets a minimum growth of 50%-70% annually over the next 5 years.
- →Expected revenue for FY27 is in the range of INR1,500 crores to INR1,700 crores, potentially exceeding INR1,700 crores if execution pace improves or new orders are received.
- →BESS segment is a key growth driver with significant orders, including a 1 gigawatt hour capacity order from NTPC REL.
- →Order book and bid pipeline sufficient for 1.5 years, with ongoing tenders worth INR3,000 crores in modules and INR1,500 crores in BESS.
- →Production capacity utilization for solar modules was 76% in FY26; target is 85% utilization in FY27.
- →Strategic focus on expanding solar cell manufacturing depending on tender success and government policy.
- →Increased revenue contribution expected from higher margin EPC and BESS segments supporting growth and profitability.
📈 Profitability & Margins
Rank 2- →Ganesh Green Bharat expects continued strong growth, targeting 50%-70% revenue growth annually over the next 5 years.
- →FY27 revenue guidance is INR1500-1700 crores, possibly exceeding INR1700 crores with new orders.
- →PAT margin expected to improve from 7% in FY26 to 8-9% in FY27 and FY28, driven by higher-margin EPC business and BESS projects.
- →EBITDA margin in BESS segment anticipated around 13-14%.
- →EPS grew 131% in FY26 to 30.31; further improvement expected alongside revenue and margin growth.
- →Order book of INR2200 crores and active tender participation worth over INR2500 crores support revenue visibility.
- →Working capital and debt expected to be managed prudently; fundraising planned at favorable valuations to support expansion.
- →Enhanced operational efficiency and strategic procurement aim to improve profitability despite raw material price volatility.
🏗️ Capital Expenditure Plans
Yes- →Planning to expand solar cell manufacturing capacity up to 1 gigawatt with tentative capex around INR 300 crores (Page 16).
- →Earlier 1-gigawatt plant cost was about INR 800 crores; current costs are lower due to idle Chinese line availability and better support (Page 16).
- →A larger investment of INR 750 to 800 crores planned for lithium battery cell and Battery Energy Storage System (BESS) manufacturing, including Battery Management Systems (Page 12).
- →Module capacity expansion planned from 1.1 GW to 2 GW in phases, potentially accelerated to 2026 based on strong demand and new orders (Page 9).
- →Capex and working capital expected to increase with new projects; currently managing with own funds and bank working capital facilities, considering future fundraises at better valuations (Pages 17, 15).
- →No clear roadmap for peak debt yet; capex funded mainly from internal accruals plus bank funding (Page 18).
💰 Fundraising & Capital Structure
Yes📋 Order Book & Pipeline
Yes- →Current order book includes 500 MW in modules.
- →Participated in non-DCR tenders for about 2,000 MW, providing 1 to 1.5 years of work visibility.
- →Total bid value in modules stands at INR 3,000 crores (INR 2,000 crores in modules, plus additional INR 1,000 crores).
- →For BESS, bids participated worth around INR 1,500 crores; expected to secure orders between INR 1,000 to 1,500 crores.
- →Total order book combining modules and BESS sufficient for approximately 1.5 years.
- →Actively bidding for more tenders, including around INR 2,000 MW non-DCR projects.
- →Focus remains on non-DCR projects due to better material availability and quality.
- →BESS order from NTPC REL approximately 1 GWh capacity secured.
Key Metrics
Revenue
Margin
Capex
Fundraise
Order Book
Frequently Asked Questions
What were Ganesh Green Bharat Ltd Q4 FY26 results?
Company targets a minimum growth of 50%-70% annually over the next 5 years. Ganesh Green Bharat expects continued strong growth, targeting 50%-70% revenue growth annually over the next 5 years.
What is Ganesh Green Bharat Ltd share price analysis?
Ganesh Green Bharat Ltd currently shows a strong growth signal based on ranking data. The stock trades at a P/E of 8.4 with a market cap of ₹633 Cr. Investors should review the full earnings analysis for detailed insights.
Is Ganesh Green Bharat Ltd planning capital expenditure?
Planning to expand solar cell manufacturing capacity up to 1 gigawatt with tentative capex around INR 300 crores (Page 16).
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This analysis is AI-generated based on publicly available earnings data and concall transcripts. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.