# Ganesh Green Bharat share price today (Ganesh Green Bharat Ltd, NSE: GGBL)

> Ganesh Green Bharat share price today: ₹207.50 at the NSE close on 4 November 2026, down 48.9% in a year. Ganesh Green Bharat (NSE: GGBL) is worth ₹515 crore, trades at a P/E of 6.8 and has closed between ₹201.40 and ₹441.55 over the past 52 weeks. > Ganesh Green Bharat Ltd's earnings have grown faster than its share price. Earnings per share grew +148.9% in a year while the price moved −48.9%. GGBL · Engineering - Turnkey Services · data as of 4 November 2026. Page: https://www.sectoralpha.in/stocks/ganesh-green-bharat-ltd

Sector Alpha also publishes a daily newsletter that explains one Indian stock at a time: https://newsletter.sectoralpha.in/?utm_source=sectoralpha&utm_medium=ai_text&utm_campaign=llms

## Key numbers

- Price: ₹207.50 (−48.9% in a year)
- P/E: 6.8× (lower than 98% of the last 2.3 years)
- Revenue (Mar 2026): ₹725 Cr (+298.4% on a year ago)
- Profit (Mar 2026): ₹42.0 Cr (+147.1% on a year ago)
- Operating margin: 9.0% (−7.0 points on a year ago)
- ROCE: 36%, FY26
- ROIC: 25.9%, against a 12.0% cost of capital: +13.9 points
- Profit that came in as cash: 13%, last 3 years

The main question: profits are rising, but only 13% of the last 3 years' profit came in as cash from operations. The gap between reported profit and actual cash is the thing to watch. ## What is the Ganesh Green Bharat share price today? Ganesh Green Bharat Ltd's share price was ₹207.50 at the close on 4 November 2026. It has been falling for 56 weeks. That is 24.1% below its average price over the last 200 trading days. In the last 52 weeks it traded between ₹201 and ₹442, and at that close it sat 3% of the way up from that low. Over the past 13 weeks it has done worse than the NIFTY 500, and it has been behind for 24 weeks running. Over the last 2.3 years the share price moved −45% while the NIFTY 500 moved −6%, so it is behind the index over that whole period. It was last ahead over 13 weeks in the week of 17 June 2026. The chart above shows the 13-week comparison for every week. This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row. ## What changed at Ganesh Green Bharat this quarter? 2. Operating margin down 7 points on a year earlier 9% in the March 2026 quarter, from 16%. Why: Margins fell because aluminum, copper and silver cost record highs, and fixed-price contracts had no clause to pass on higher costs. Next results: check if new orders earn the 12-14% operating margin management promised and if the overall margin improves as older lower-margin orders finish. From the earnings call on 29 May 2026. 3. Revenue up on a year earlier for 4 quarters in a row (every quarter we can compare) In the March 2026 quarter revenue was ₹725 crore, +298.4% on a year earlier. Why: Revenue rose because solar module manufacturing was the main business, making up 70% of FY26 revenue. Next results: check if the NTPC battery storage order starts billing as planned. From the earnings call on 29 May 2026. ## What are Ganesh Green Bharat's latest quarterly results? For January to March 2026 (the quarter ended 31 March 2026), Ganesh Green Bharat reported revenue of ₹725 crore, up 298.4% from ₹182 crore a year earlier, and a profit of ₹42.0 crore, up 147.1% from ₹17.0 crore. ### Ganesh Green Bharat results: January to March 2026 against a year earlier

| Measure | January to March 2026 | January to March 2025 | Change |
| --- | --- | --- | --- |
| Revenue | ₹725 crore | ₹182 crore | +298.4% |
| Profit | ₹42.0 crore | ₹17.0 crore | +147.1% |
| Earnings per share | ₹17.06 | ₹6.92 | +146.5% |
| Operating margin | 9.0% | 16.0% | −7.0 points |

The next results, for April to June 2026, were due by 14 August 2026: listed companies must publish quarterly results within 45 days of the quarter's end (60 days for the January to March quarter). This page shows them once our weekly data update has read them. Ganesh Green Bharat's management discussed these results on a call held on 29 May 2026; what it said is further down this page. (From the company's reported quarterly results (quarter ended 31 March 2026). Revenue and profit in ₹ crore.)

## What is the Ganesh Green Bharat share price history? Ganesh Green Bharat closed at ₹207.50 on 4 November 2026, down 48.9% from ₹405.90 a year earlier (7 November 2025). Its highest weekly close since July 2024 was ₹610.75 on 27 December 2024. ### Ganesh Green Bharat share price: then and now

| When | Close | Change to 4 Nov 2026 |
| --- | --- | --- |
| 1 week ago · 30 Oct 2026 | ₹201.40 | +3.0% |
| 1 month ago · 1 Oct 2026 | ₹217.45 | −4.6% |
| 6 months ago · 8 May 2026 | ₹347.00 | −40.2% |
| 1 year ago · 7 Nov 2025 | ₹405.90 | −48.9% |
| Earliest weekly close in our records · 12 Jul 2024 | ₹379.05 | −45.3% |
| Highest weekly close since July 2024 · 27 Dec 2024 | ₹610.75 | −66.0% |
| Lowest weekly close since July 2024, also the 52-week low · 30 Oct 2026 | ₹201.40 | +3.0% |
| 52-week high (weekly close) · 14 Nov 2025 | ₹441.55 | −53.0% |

Weekly closing prices. Each change is the move from that price to the 4 Nov 2026 close. A day's intraday high or low can go beyond these weekly closes. (130 weekly closes from 12 July 2024 to 4 November 2026.)

## What is the latest news on Ganesh Green Bharat? 4 Nov 2026: Ganesh Green Bharat closed at ₹207.50, up 3.0% on the week and down 4.6% on the month. 29 May 2026: Ganesh Green Bharat held its results call for January to March 2026. Management guided: FY27 revenue ₹1,500-1,700 crore (40-59% growth); includes 60% contribution from NTPC BESS EPC order within consolidated mix. ### Earlier

- Results for January to March 2026: Revenue up 298.4% and profit up 147.1% on a year earlier. ## What dividend does Ganesh Green Bharat pay? Ganesh Green Bharat has paid no dividend on the NSE since its first NSE close in our records (12 July 2024), the start of the period we checked. No. Ganesh Green Bharat Ltd paid out 0% of its profit as dividends in each of its last 6 reported years, so there is no payout history to show. That comes from the filed annual statements, not an estimate. (From the NSE corporate-actions record, read 5 November 2026.)

## What did Ganesh Green Bharat management say on the latest results call? On the call for January to March 2026, held on 29 May 2026, Ganesh Green Bharat's management guided: FY27 revenue ₹1,500-1,700 crore (40-59% growth); includes 60% contribution from NTPC BESS EPC order within consolidated mix. > “We have received a significant order of approximately 1 gigawatt hour capacity from NTPC REL, marking an important milestone and reflecting the growing confidence of large institutions in our technical capability, execution strength, and long-term vision”
> Management, on the call for January to March 2026

### What management guided

- Solar module business operating margin 12-14% and profit margin 8-9% on new orders. - BESS EPC business operating margin 13-14% reflecting higher value-add vs pure module supply. - Consolidated profit margin improvement 1-2% in FY27 to reach 8-9% range (vs 7% FY26)
- Solar module capacity utilization goal 85% FY27 on 1.1 GW base (vs 76% FY26); 2 GW capacity expansion accelerated from prior 2027 plan to FY26-27. Management’s own plans and goals, from our notes of the call. A plan is not a result. Source: [the call transcript](https://files.tijoristack.ai/concall/transcript/57827-29-May-2026.pdf). (From the call for January to March 2026, 29 May 2026.)

## What to watch in Ganesh Green Bharat's next results? When Ganesh Green Bharat reports April to June 2026, these are the 4 checks that show whether the story is still on course. First: NTPC BESS revenue realization: ₹900 crore (60% of ₹1,496 crore contract) goal for FY27 per guidance verifiable against January to March 2027 billing and cash conversion; execution pace against 12-month March-March timeline starting March 23, 2026. - What to check (from the call)
- NTPC BESS revenue realization: ₹900 crore (60% of ₹1,496 crore contract) goal for FY27 per guidance verifiable against January to March 2027 billing and cash conversion; execution pace against 12-month March-March timeline starting March 23, 2026. - Module and BESS tender bid conversions: Ganesh Green Bharat participated in ₹2,500+ crore module tenders and ₹1,500 crore BESS tenders; watch for order announcements and revenue contribution split tracking toward ₹1,500-1,700 crore FY27E guidance range. - 2 GW solar module capacity expansion execution: Credibility test on accelerated installation from 2027 plan to FY26-27; capital spending deployment, equipment supplier tie-ups, and land/infrastructure readiness expected resolution by end-CY27 per management. - Module business operating margin realization on new orders at 12-14% guidance level; FY27 average will blend FY26 legacy orders (lower margin) with new orders; 1-2% consolidated profit improvement should be measurable by H1-H2 split comparison. ## Which stock lists is Ganesh Green Bharat on? Ganesh Green Bharat is not on any of our India lists this week. ## Is Ganesh Green Bharat profitable? Ganesh Green Bharat Ltd earned ₹42.0 Cr of net profit in the Mar 2026 quarter, +147.1% on the same quarter a year earlier. That is the 4th quarter in a row of profit growth. Full-year FY26 profit was ₹75.0 Cr. Over 5 years profit has grown 60.7% a year on average. That is 5.8% of the quarter's revenue. The same quarter a year earlier earned ₹15.0 Cr. For the full year, FY26 profit was ₹75.0 Cr (+150.0% on the year before). Why profit moved: revenue changed +298.4% on a year earlier and the margin moved −7.0 percentage points. Sales did the work while the margin got thinner. On average over the last four quarters, profit changed +100.0% and revenue +160.8%. Profit is growing slower than sales: rising costs are taking part of the growth. ## How much revenue does Ganesh Green Bharat make, and is it growing? Ganesh Green Bharat Ltd reported ₹725 Cr of revenue in the Mar 2026 quarter, +298.4% on the same quarter a year earlier. That is the 4th quarter in a row with growth on the year before. Over 5 years it has grown 66.6% a year on average. The last full year, FY26, came in at ₹1,064 Cr. FY26 revenue was ₹1,064 Cr, +234.6% on the year before. Recent pace: the last four quarters grew +160.8% on average, against 66.6% a year over the longer run, so this year is growing faster than its own long-run rate. ## How much of every ₹100 of sales does Ganesh Green Bharat keep? Ganesh Green Bharat Ltd's operating margin was 9.0% in the Mar 2026 quarter, 7.0 percentage points lower than the same quarter a year ago. Over the last four quarters it has moved −11.0 percentage points. Across 6 years it has been between 9.0% and 21.0%. The latest quarter is within that range. Why the margin moved: operating margin changed −11.4 percentage points on the year while gross margin changed −18.7 points. So the drop came mostly from the gross margin, which means input costs and prices charged. ## Is Ganesh Green Bharat's profit turning into cash? Over the last 3 years, 13% of Ganesh Green Bharat Ltd's reported profit came in as cash from its operations, a gap worth watching. In FY26 it brought in ₹21.0 Cr of operating cash against ₹75.0 Cr of profit. After ₹16.0 Cr of spending on assets, ₹5.0 Cr was left over as free cash. Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year. Why 13% of profit came in as cash: the cash cycle got 186 days longer between FY21 and FY26, so more of each rupee of profit waits in the business before it arrives. When less than 70% of profit comes in as cash, it is the thing to watch on this page. What to look at next: less of the profit turns into cash than it should, and the cash cycle is 186 days longer. The next section looks at where the cash is stuck. ## Where does Ganesh Green Bharat's cash go? Ganesh Green Bharat Ltd's cash cycle, the days between paying suppliers and getting paid by customers, was 60 days in FY26, up from −126 days in FY21. It spent ₹70.0 Cr on assets over the last 3 years. Customers take 22 days to pay, and stock sits for 74 days on average. At FY26 sales of ₹1,064 Cr, each day of that cycle ties up about ₹2.9 Cr, so roughly ₹175 Cr is tied up in the business at any time. FY26: customers took 22 days to pay and stock sat for 74 days, about 2.4 months of sales sitting as stock, for a full cycle of 60 days, longer than FY21's −126. The full loop: cash goes out to suppliers and production on day 0. Stock sits for 74 days. Customers pay about 22 days after that. Suppliers are paid at 36 days. Together that makes the 60-day cycle. Spending on assets: ₹70.0 Cr over the last 3 years, against ₹18.0 Cr of depreciation (the yearly wear and tear on existing assets). So it is building well beyond replacing what wears out. Work still in progress is ₹0.0 Cr (FY26): assets paid for that are not earning yet. In short: cash is getting stuck in the daily cycle, so watch the cycle more than the profit. ## What is Ganesh Green Bharat's P/E ratio, and how does it compare with its own history? Ganesh Green Bharat Ltd's P/E is 6.8×, about the lowest it has ever been. Its usual P/E (the middle reading) is 31.2×, over 2.3 years of weekly prices. This compares the share price with the company’s own past. It does not say what the business is worth. Why the multiple is where it is: over the past year earnings per share moved +148.9% while the price moved −48.9%. Earnings did better than the price, which pulled the multiple down within its own range. In short: the multiple is low against its own past, so the earnings trend underneath matters more than the multiple. ## Is the Ganesh Green Bharat business getting better or worse? Ganesh Green Bharat Ltd's business trend cannot be read yet. There are fewer than eight usable quarters of growth figures, so there is not enough history to read the trend. This is based on 4 quarters of 1 measure, with some gaps. Why it matters: with too little history, we say so rather than guess a direction. One or more growth lines have an extreme jump caused by comparing with a near-zero or loss-making quarter. Those jumps are capped before reading and drawn at the edge of the chart, so one odd quarter does not decide the result. There are fewer than eight usable quarters, so this page does not guess a direction from so little history. ## How much does Ganesh Green Bharat earn on its capital? Ganesh Green Bharat Ltd earned a ROCE of 36% in FY26. That is up from a low of 23% in FY22. Its return on capital used (ROIC) is 13.9 percentage points above its cost of capital, so growth here adds value, not just size. It comes from a 7.0% net margin and 2.18× asset turnover (sales divided by assets). Why the return is what it is (FY26): a 7.0% net margin × 2.18× asset turnover × 1.74× leverage (assets divided by equity) ≈ 26.6% on equity. The margin does its share; borrowing is a big part of it. The key test, return on capital used minus the cost of capital: 25.9% − 12.0% = +13.9 percentage points. The 12.0% is a standard assumption for the cost of capital in India, not an estimate for this company. Read the sign and size of the gap, not the decimals. A gap this wide means each rupee put back into the business creates more than a rupee of value. The 25.9% ROIC above is the latest reading, as reported. The yearly chart below shows FY26 at 30.7%, and the quarterly chart works out each 12-month window from the quarterly figures, so the readings differ by date, not by method. ## Does Ganesh Green Bharat have too much debt? Ganesh Green Bharat Ltd has total debt of ₹52.0 Cr against shareholder equity of ₹282 Cr as of Mar 2026, so its debt is 0.18× its equity, which is very little. Year by year, that ratio went from 0.92 in FY24 to 0.18 in FY26. So the returns on this page come from the business, not from borrowed money. ## What is the Ganesh Green Bharat shareholding pattern? Foreign institutions cut their stake in Ganesh Green Bharat Ltd by 3.1 percentage points over 4 quarters, the biggest change among its owners. Foreign institutions now own 0.0% of the company. Domestic institutions moved −2.0 points over the same period, to 0.8%. This uses the four owner groups that companies report every quarter; nothing is guessed between filings. Over the last two years: Foreign institutions: −3.1 points over 4 quarters, to 0.0%; Domestic institutions: −2.0 points over 4 quarters, to 0.8%; Promoters: +0.0 points over 4 quarters, to 73.5%. Why the owners changed: foreign institutions drove it (−3.1 points), together with domestic institutions (−2.0 points). They reduced their stake. ## How far is Ganesh Green Bharat from balance-sheet trouble? For Ganesh Green Bharat Ltd, the Z-score is 6.48. A Z-score above about 3 is safe and below about 1.8 signals danger, so this is well clear of danger. It estimates how far the balance sheet is from trouble; it is not a forecast of failure. Why it matters: a Z-score of 6.48 is well clear of the danger zone, so the balance sheet is not the risk here. ## How does Ganesh Green Bharat rank in its industry? 51.2 out of 100, rank 9 of 10 in Engineering - Turnkey Services, with 47% of the evidence available. It is provisional, so it is ranked below companies with full evidence. Ganesh Green Bharat Ltd scores 51.2 out of 100 against the 10 companies it is compared with in Engineering - Turnkey Services, ranking 9. Some evidence is missing, so the score is pulled toward the middle on purpose. The four parts add up to the total exactly: 18 + 16.3 + 10.4 + 6.5 = 51.2. This is the same number shown on the industry page; it is worked out once for the whole group and read here. What would change it: The score would fall if profit growth turns negative or margins stop improving while the share price lags its sector. ## Which companies is Ganesh Green Bharat compared with? Ganesh Green Bharat ranks 9 of 10 Engineering - Turnkey Services companies on the 4-Factor Sector Score, with 51.2 out of 100. 1. [Supreme Infrastructure India Ltd](https://www.sectoralpha.in/stocks/supreme-infrastructure-india-ltd) SUPREMEINF · Too little evidence to rank firmly · 51% evidence 58.6 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 25.9/43.75 · Revenue 74.5% · Profit 100% · Operating margin change 40 points · 65% evidence Capital efficiency 18.3/31.25 · ROCE 2148.2% · Operating margin 5% · 100% evidence Valuation 14.4/25 · P/E 0.1× · PEG n/a · 15% evidence Relative strength: no reading this week · its 20 points are shared across the other three Exact sum: 25.9 + 18.3 + 14.4 = 58.6 (no relative-strength reading this week; its 20 points are shared across the other three) · What this means: Some evidence is missing, so the score is pulled toward the middle on purpose. 2. [McNally Bharat Engineering Company Ltd](https://www.sectoralpha.in/stocks/mcnally-bharat-engineering-company-ltd) MBECL · Too little evidence to rank firmly · 56% evidence 57.8 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 20.5/35 · Revenue -22.3% · Profit 100% · Operating margin change 69 points · 65% evidence Capital efficiency 13.7/25 · ROCE 1047.1% · Operating margin -44% · 100% evidence Valuation 11.1/20 · P/E 0.3× · PEG n/a · 15% evidence Relative strength 12.5/20 · Lead over its industry n/a · Lead over NIFTY 500 393.7% · 1 year n/a · 25% evidence Exact sum: 20.5 + 13.7 + 11.1 + 12.5 = 57.8 · What this means: Some evidence is missing, so the score is pulled toward the middle on purpose. 3. [Sugs Lloyd Ltd](https://www.sectoralpha.in/stocks/sugs-lloyd-ltd) Evidence leans up · 61% evidence 54.8 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 19.7/35 · Revenue 61.7% · Profit 57.9% · Operating margin change -1.1 points · 83% evidence Capital efficiency 14.2/25 · ROCE 28.7% · Operating margin 14.5% · 95% evidence Valuation 8.9/20 · P/E 15.9× · PEG n/a · 15% evidence Relative strength 12.0/20 · Lead over its industry n/a · Lead over NIFTY 500 82.8% · 1 year n/a · 25% evidence Exact sum: 19.7 + 14.2 + 8.9 + 12 = 54.8 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 4. [K.P. Energy Ltd](https://www.sectoralpha.in/stocks/kp-energy-ltd) KPEL · quiet · Evidence leans up · 89% evidence 51.3 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 18.8/35 · Revenue 74.1% · Profit 49.2% · Operating margin change -10 points · 88% evidence Capital efficiency 16.8/25 · ROCE 39% · Operating margin 12% · 100% evidence Valuation 15.7/20 · P/E 5.8× · PEG 0.23 · 65% evidence Relative strength 0.0/20 · Lead over its industry -42.9% · Lead over NIFTY 500 -46.1% · 1 year -62.8% · 100% evidence · 0 of 12 weeks ahead Exact sum: 18.8 + 16.8 + 15.7 + 0 = 51.3 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 5. [Bajel Projects Ltd](https://www.sectoralpha.in/stocks/bajel-projects-ltd) BAJEL · basing · Evidence leans down · 64% evidence 46.5 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 20.8/35 · Revenue 2.1% · Profit 100% · Operating margin change 0.6 points · 88% evidence Capital efficiency 7.5/25 · ROCE 12.4% · Operating margin 3.3% · 100% evidence Valuation 8.5/20 · P/E 56.2× · PEG n/a · 15% evidence Relative strength 9.7/20 · Lead over its industry n/a · Lead over NIFTY 500 -3.2% · 1 year -16% · 25% evidence · 0 of 12 weeks ahead Exact sum: 20.8 + 7.5 + 8.5 + 9.7 = 46.5 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 6. [Pace Digitek Ltd](https://www.sectoralpha.in/stocks/pace-digitek-ltd) PACEDIGITK · quiet · Too little evidence to rank firmly · 56% evidence 45.7 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 11.7/35 · Revenue 14.9% · Profit 10.9% · Operating margin change -6 points · 83% evidence Capital efficiency 15.6/25 · ROCE 21.4% · Operating margin 16% · 76% evidence Valuation 10.0/20 · P/E 10× · PEG n/a · 15% evidence Relative strength 8.4/20 · Lead over its industry n/a · Lead over NIFTY 500 -19.2% · 1 year -35.1% · 25% evidence · 0 of 12 weeks ahead Exact sum: 11.7 + 15.6 + 10 + 8.4 = 45.7 · What this means: Some evidence is missing, so the score is pulled toward the middle on purpose. 7. [Enviro Infra Engineers Ltd](https://www.sectoralpha.in/stocks/enviro-infra-engineers-ltd) EIEL · quiet · Too little evidence to rank firmly · 56% evidence 44.1 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 10.8/35 · Revenue 15.4% · Profit 1.1% · Operating margin change -6 points · 83% evidence Capital efficiency 15.1/25 · ROCE 20.2% · Operating margin 21% · 76% evidence Valuation 9.3/20 · P/E 15.4× · PEG n/a · 15% evidence Relative strength 8.9/20 · Lead over its industry n/a · Lead over NIFTY 500 -12.5% · 1 year -36.5% · 25% evidence · 2 of 12 weeks ahead Exact sum: 10.8 + 15.1 + 9.3 + 8.9 = 44.1 · What this means: Some evidence is missing, so the score is pulled toward the middle on purpose. 8. [Goel Construction Company Ltd](https://www.sectoralpha.in/stocks/goel-construction-company-ltd) quiet · Too little evidence to rank firmly · 31% evidence 54.6 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 17.6/35 · Revenue n/a · Profit n/a · Operating margin change 1 points · 15% evidence Capital efficiency 15.8/25 · ROCE 33.9% · Operating margin 11% · 71% evidence Valuation 9.6/20 · P/E 12.8× · PEG n/a · 15% evidence Relative strength 11.6/20 · Lead over its industry n/a · Lead over NIFTY 500 17.3% · 1 year n/a · 25% evidence · 1 of 12 weeks ahead Exact sum: 17.6 + 15.8 + 9.6 + 11.6 = 54.6 · What this means: Some evidence is missing, so the score is pulled toward the middle on purpose. 9. Ganesh Green Bharat Ltd this page GGBL · basing · Too little evidence to rank firmly · 47% evidence 51.2 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 18.0/35 · Revenue n/a · Profit n/a · Operating margin change -7 points · 15% evidence Capital efficiency 16.3/25 · ROCE 35.8% · Operating margin 9% · 75% evidence Valuation 10.4/20 · P/E 6.6× · PEG n/a · 15% evidence Relative strength 6.5/20 · Lead over its industry -21.6% · Lead over NIFTY 500 -26% · 1 year -49.2% · 100% evidence · 0 of 12 weeks ahead Exact sum: 18 + 16.3 + 10.4 + 6.5 = 51.2 · What this means: Some evidence is missing, so the score is pulled toward the middle on purpose. 10. [EMA India Ltd](https://www.sectoralpha.in/stocks/ema-india-ltd) Too little evidence to rank firmly · 20% evidence 37.6 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 18.6/43.75 · Revenue n/a · Profit 100% · Operating margin change n/a · 15% evidence Capital efficiency 6.5/31.25 · ROCE -1036% · Operating margin n/a · 60% evidence Valuation 12.5/25 · P/E n/a · PEG n/a · 0% evidence Relative strength: no reading this week · its 20 points are shared across the other three Exact sum: 18.6 + 6.5 + 12.5 = 37.6 (no relative-strength reading this week; its 20 points are shared across the other three) · What this means: Some evidence is missing, so the score is pulled toward the middle on purpose. Missing figures are not scored as bad. They lower the confidence and pull the final score toward the middle. Relative strength counts only when the company has a reading for this week; with no reading, that factor is left out and its 20 points are shared across the other three in proportion. PEG is not shown when the ratio cannot mean anything: the company must be making a profit, its price-to-earnings must be positive, and its three-year earnings growth must fall between 5% and 60%. Dividing a price multiple by a loss, or by growth measured off a tiny base, produces a number that looks precise and tells you nothing. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led NIFTY 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step path the industry is placed on (basing, turning, breaking out, leader, fading, asleep), read from how many weeks running it has led NIFTY 500 and whether that lead is growing or shrinking. It describes where the share price stands, not the direction of earnings, and it is not a recommendation; it is left blank for a company whose weekly history is too short or too stale to read. The figures in this ranking come from the industry comparison: results through the Sep 2026 quarter, and the P/E at that quarter's end. The sections above use the latest weekly price, so a P/E or return there can differ a little from the one here. The stage words in this ranking (such as losing its lead or breaking out) describe the lead over the index, not the price phase in the price section. Related companies: [Engineering - Turnkey Services](https://www.sectoralpha.in/sectors/engineering-turnkey-services), all 10 compared on one page. ## Which companies are close to Ganesh Green Bharat in size? Ganesh Green Bharat is the 8th largest of 10 Engineering - Turnkey Services companies on Sector Alpha by market value (scores of 30 October 2026). Just above it: McNally Bharat Engineering Company, K.P. Energy, Sugs Lloyd and Goel Construction Company. Just below it: Supreme Infrastructure India and EMA India. ### Engineering - Turnkey Services companies close in size

1. [McNally Bharat Engineering Company Ltd](https://www.sectoralpha.in/stocks/mcnally-bharat-engineering-company-ltd) ₹1,168 crore
2. [K.P. Energy Ltd](https://www.sectoralpha.in/stocks/kp-energy-ltd) ₹1,104 crore
3. [Sugs Lloyd Ltd](https://www.sectoralpha.in/stocks/sugs-lloyd-ltd) ₹589 crore
4. [Goel Construction Company Ltd](https://www.sectoralpha.in/stocks/goel-construction-company-ltd) ₹578 crore
5. Ganesh Green Bharat Ltd ₹499 crore
6. [Supreme Infrastructure India Ltd](https://www.sectoralpha.in/stocks/supreme-infrastructure-india-ltd) ₹499 crore
7. [EMA India Ltd](https://www.sectoralpha.in/stocks/ema-india-ltd) ₹43 crore

[All 10 Engineering - Turnkey Services companies, largest first](https://www.sectoralpha.in/sectors/engineering-turnkey-services#all-companies)

### Companies close in size in other industries

1. [Anlon Technology Solutions Ltd](https://www.sectoralpha.in/stocks/anlon-technology-solutions-ltd) ₹499 crore · Miscellaneous
2. [Davangere Sugar Company Ltd](https://www.sectoralpha.in/stocks/davangere-sugar-company-ltd) ₹499 crore · Sugar
3. Ganesh Green Bharat Ltd ₹499 crore
4. [IL&FS Engineering & Construction Co Ltd](https://www.sectoralpha.in/stocks/il-fs-engineering-construction-co-ltd) ₹499 crore · Construction - Civil/Turnkey
5. [RMC Switchgears Ltd](https://www.sectoralpha.in/stocks/rmc-switchgears-ltd) ₹499 crore · Capital Goods - Switchgear

## What else do people ask about Ganesh Green Bharat? ### What is Ganesh Green Bharat's share price today? Ganesh Green Bharat Ltd's share price is ₹207.50, −48.9% over the past year. The whole company is worth ₹515 Cr on the market. In the last 52 weeks it traded between ₹201 to ₹442; today it is 3% of the way up from the low, 24.1% below its 200-day average (as of 4 November 2026). ### What were Ganesh Green Bharat's latest quarterly results? Ganesh Green Bharat Ltd reported revenue of ₹725 Cr and net profit of ₹42.0 Cr for the Mar 2026 quarter. Revenue rose 298.4% and profit rose 147.1% compared with a year earlier. Earnings per share were ₹17.06. The operating margin was 9.0%, 7.0 percentage points lower than a year earlier (as of 4 November 2026). ### What is Ganesh Green Bharat's market cap? Ganesh Green Bharat Ltd's market capitalisation is ₹515 Cr at a share price of ₹207.50. Market cap is the share price times the number of shares, so it changes whenever the price moves (as of 4 November 2026). ### How is Ganesh Green Bharat performing? Ganesh Green Bharat Ltd's share price has been falling for 56 weeks. In its latest quarter, revenue rose 298.4% and profit rose 147.1% compared with a year earlier. Over the past 13 weeks it has done worse than the NIFTY 500, for 24 weeks running (as of 4 November 2026). ### Will Ganesh Green Bharat's share price go up? This page does not forecast Ganesh Green Bharat Ltd's share price. What it shows instead: the share price is ₹207.50, and it has been falling for 56 weeks. Its P/E of 6.8× is higher than 2% of its own last 2 years (as of 4 November 2026). ### Who owns Ganesh Green Bharat? Promoters own 73.5% of Ganesh Green Bharat Ltd, foreign institutions 0.0%, domestic institutions 0.8% and the public 25.8% (latest quarter). The biggest change over the last two years: Foreign institutions cut their stake by 3.1 percentage points over 4 quarters (as of 4 November 2026). ### Does Ganesh Green Bharat have too much debt? No, Ganesh Green Bharat Ltd has little debt: its debt is 0.19× its equity, and its operating profit is 16 times its interest bill. FY26 borrowings were ₹52.0 Cr against equity of ₹281 Cr. So the returns on this page come from the business, not borrowed money (as of 4 November 2026). ### Where is Ganesh Green Bharat in its business cycle? Ganesh Green Bharat Ltd's FY26 operating margin was 10.0%, against a 6-year range of 9.0% to 21.0%: the low end of its own range, which is often where recoveries start. The latest quarter was 9.0%. Comparing margins with a company's own long history is a good way to see where it is in its cycle (as of 4 November 2026). ### What could break the Ganesh Green Bharat story? The main question: profits are rising, but only 13% of the last 3 years' profit came in as cash from operations. The gap between reported profit and actual cash is the thing to watch. On price, this page treats a rise as over when the share price closes below its 200-day average on two Fridays in a row (as of 4 November 2026). ### Is Ganesh Green Bharat a stock worth studying right now? What the numbers show: Ganesh Green Bharat Ltd's earnings have grown faster than its share price. Earnings per share grew +148.9% in a year while the price moved −48.9%. The main open question: whether the cash starts to follow the profit. Every number on this page is worked out by code from the published figures, with no forecasts and no price opinions (as of 4 November 2026). ### Is there a Ganesh Green Bharat share price forecast for 2026? What management itself guided: FY27 revenue ₹1,500-1,700 crore (40-59% growth); includes 60% contribution from NTPC BESS EPC order within consolidated mix. This is research, not advice. We’re not SEBI-registered.