Ganesh Green Bharat Ltd (Engineering - Turnkey Services) — fundamental analysis, earnings data, and key metrics. PE: 11.5. ROE: 23.0%. This stock is not currently in the Nifty 500 momentum outperformers list.
Deep value thesis based on recent earnings • Updated Feb 22, 2026
Ganesh Green Bharat is executing a credible turnaround with 146% revenue growth and positive operating cash flow inflection, positioning for re-rating as renewable energy EPC margins expand.
Verdict
TURNAROUND_IN_PROGRESS
Re-rating catalysts over the next 2-4 quarters • Updated Feb 22, 2026
Full-year profit could exceed ₹600 Cr (20x FY25), triggering multiple re-rating to 18-20x PE by June 2026.
Impact: +₹318 Cr revenue
“H1 FY26 PAT already at ₹328.84 Cr vs full FY25 of ₹29.62 Cr”
Integrated solutions focus could boost OPM by 400-600 bps as scale benefits materialize by Q2 FY27.
“Current OPM at 14.02% with historical peak of 15.74% in FY23”
Sustained positive operating cash flow could reduce D/E from estimated 0.7x to below 0.5x by September 2026.
“Net cash from financing activities at ₹107.15 Cr in FY25 suggests active deleveraging”
Risks that could prevent re-rating or deepen the value trap
Revenue growth > 50% without corresponding working capital efficiency improvements
Impact: -300 bps margin impact
Management view: Company claims improved supply chain management but lacks detailed metrics
Monitor: Days Working Capital
Reduction in PLI scheme allocations or delayed payments from DISCOMs
Impact: -200 bps margin impact
Management view: Diversification into electrical services provides some buffer
Monitor: Order book growth rate
Discrepancies between quarterly and annual reports become material
Impact: -150 bps margin impact
Management view: Company cites "consolidated vs standalone" differences but lacks clarity
Monitor: Consistency of financial metrics across reporting periods
Forward-looking targets from management for FY27
Revenue Growth Target
50%
Implied PAT Growth
80%
OPM Guidance
16%
Capex Plan
₹50 Cr
Credit Growth Target
0%
NIM Guidance
0%
Key Milestones
• D/E below 0.5x by Sep 2026
• OPM above 16% by Mar 2027
The above analysis is AI-generated from publicly available financial data. This is educational research only — not investment advice. Last updated Feb 22, 2026.
Based on publicly available financial data. This is educational research, not investment advice.
Ganesh Green Bharat Ltd's latest quarterly results (Sep 2025) show
Ganesh Green Bharat Ltd's current PE ratio is 11.5x.
Ganesh Green Bharat Ltd's price-to-book ratio is 2.4x.
Ganesh Green Bharat Ltd's fundamental strength based on key financial ratios
Ganesh Green Bharat Ltd has a debt-to-equity ratio of N/A.
Ganesh Green Bharat Ltd's return ratios over recent years
Ganesh Green Bharat Ltd's operating cash flow is negative (FY2025).
Ganesh Green Bharat Ltd currently does not pay a significant dividend (yield 0.00%).
Ganesh Green Bharat Ltd's shareholding pattern (Sep 2025)
Ganesh Green Bharat Ltd's promoter holding has remained stable recently.
Ganesh Green Bharat Ltd is an established outperformer with 1 weeks of consecutive Nifty 500 outperformance.
Ganesh Green Bharat Ltd has 3 key growth catalysts identified from recent earnings analysis
Ganesh Green Bharat Ltd has 3 key risks worth monitoring
Ganesh Green Bharat Ltd's management has provided the following forward guidance for FY27
Based on quantitative research signals, here is why Ganesh Green Bharat Ltd may be worth studying
Ganesh Green Bharat Ltd investment thesis summary:
Ganesh Green Bharat Ltd's forward outlook based on current data signals
The above FAQs are generated from publicly available earnings data and conference call transcripts. This is educational research only. Sector Alpha is not SEBI registered and does not provide investment advice.
