Ganesh Green Bharat LtdQ4 FY25

Ganesh Green Bharat Ltd Q4 FY25 Earnings Call Analysis

Revenue, margin, capex, fundraise and order book outlook from management commentary.

Price: ₹205.85P/E: 6.8Market Cap: ₹511 CrSector: Electrical Equipment

Management growth scorecard

Revenue

Category 2

Margin

Category 3

Fundraise

N/A

Order

Yes

Capex

Yes

2 of 4 growth signals are positive.

Full analysis

Revenue guidance

Category 2
  • Ganesh Green Bharat Limited plans to expand module manufacturing capacity from 750 MW to 1.1 GW by August 2025.
  • Current order book stands at INR 1,140 crores, expected to be executed within one year.
  • Target module plant utilization is projected at 70%-75%, supporting steady production growth.
  • Growth trajectory: past revenue rose from INR 85 crores to INR 317 crores, indicating strong scaling potential.
  • The company aims to maintain PAT margins between 9%-11%-12%, focusing on quality clients like PSUs and multinational companies.
  • Participation in multiple tenders ongoing; results pending, which could further boost revenue.
  • No immediate plans for capacity addition beyond 1.1 GW, but future expansions will be communicated as developments occur.
  • Strategic focus on module manufacturing and direct tender-based EPC work to sustain margins and revenue growth.

See what Ganesh Green Bharat Ltd management said on margin guidance — free account, 30 seconds.

Fundraise plans

  • There is no specific mention of any current or future fundraising through debt or equity in the transcript.
  • The management stated that they are focusing on increasing module manufacturing capacity step-by-step.
  • They are increasing capacity from 750 MW to 1.1 GW by August 2025.
  • When asked about future growth plans or investments, management mentioned that no concrete plans are in place currently.
  • If any future capacity additions or significant financial decisions occur, the company will intimate the NSE as per regulations.
  • Therefore, as of the call date (June 11, 2025), no fundraising through debt or equity has been announced or planned explicitly.

See what Ganesh Green Bharat Ltd management said on order book — free account, 30 seconds.

Capex plans

Yes
  • The company is expanding its module manufacturing capacity from 750 MW to 1.1 GW, with the new line expected to be operational by August 2025.
  • There are currently no immediate plans for further capacity additions beyond the 1.1 GW expansion; any future investments will be intimated to NSE as per regulations.
  • The company is preparing infrastructure including land and buildings for future capacity increases but notes it takes about 1 to 1.5 years to set up such facilities due to evolving technology.
  • They are investing in spare machinery to prevent production halts.
  • As technology evolves (e.g., DCR modules, lithium batteries), the company is considering stepwise investments in newer technologies and module capacities but has no fixed timeline announced.
  • Strategic participation includes bidding for tenders and expanding marketing and sales teams across states, supporting aggressive growth and capacity utilization.

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How does Ganesh Green Bharat Ltd rank vs peers in Electrical Equipment?

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