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Earnings Call

Ganesh Green Bharat Earnings Call: Key Takeaways

Ganesh Green Bharat delivered a massive FY26 performance, pivoting from solar manufacturing towards high-margin BESS and EPC segments while managing significant inventory cycles.

Why this was an Alfa AlertManagement guides FY27 revenue growth of ~40-60% YoY (₹1,500cr-1,700cr vs ₹1,067cr FY26) and targets 50-60% annual growth for 5 years.
Highlights
Revenue growth232% YoY growth in FY26; FY27 revenue target ₹1,500-1,700cr.
MarginsEBITDA margins targeted at 12-14% (up from 10.6% in FY26).
Order bookCurrent order book ₹2,200cr; significant 1GWh BESS order from NTPC REL.
Demand visibility1.5 years visibility for modules; 12-month execution for NTPC BESS project.
Management confidenceStrong confidence based on ₹2,200cr order book and ₹2,500cr tender pipeline.

Growth

Revenue surged 232% to ₹1,067cr in FY26; PAT grew 149% to ₹75.18cr, driven by execution momentum.

Outlook

FY27 revenue guidance of ₹1,500-1,700cr (40-60% growth); 1GW cell manufacturing capex planned at ₹300cr.

Risks

Geopolitical volatility, raw material price fluctuations (Al, Cu, Ag), and 95% import dependency on China for materials.

Source

Earnings Call filed with NSE, NSE: GGBL. Summary written with AI assistance from the document.

Read the document ↗

Ganesh Green Bharat Ltd: key numbers

Share price
₹210.35
Market cap
₹521.7 Cr
Revenue (annual)
₹1,068 Cr
Net profit (annual)
₹75.18 Cr
P/E (TTM)
6.9×Sector 25.1×
Promoter holding
73.42%
FII holding
0.00%Current quarter

Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.

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