GRE Renew Enertech Ltd (544682) Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating

GRE Renew Enertech was originally carrying on co-partnership business in name and style of ‘M/s. G.R.E. Electronics’ in the terms and conditions contained in the Partnership Deed dated April 1, 1999. Thereafter deed of Co-Partnery was entered on April 24, 2008, between all the partners of M/s. GRE Electronics, where all the parties hereto for the sake of smooth working and better and effective management and improvement and advancement of business, have agreed to register the said Joint Stock Company under Part IX of the Companies Act, 1956 as a Private Limited Company with the Name ‘GRE Electronics Private Limited’. Accordingly, the partnership firm was converted into Private Limited Company in the name and style of ‘GRE Electronics Private Limited’ on October 24, 2008. Further the name of the company was changed from ‘GRE Electronics Private Limited’ to ‘GRE Renew Enertech Private Limited’ on June 01, 2023. Subsequently, the company was converted into a Public Company vide special resolution passed by the Shareholders at the Extra Ordinary General Meeting held on May 28, 2024, and consequently, the name of the company was changed from ‘GRE Renew Enertech Private Limited’ to ‘GRE Renew Enertech Limited’ on July 24, 2024.

It is an emerging player in the field of Rooftop and ground mount solar solutions. It is a company that specializes in providing solar energy solutions to industrial and commercial customers. It offers green energy solutions by installing on-site solar projects. Its business operations are primarily divided into two segments: Capital Expenditure (CAPEX) and Renewable Energy Service Company (RESCO). Under the CAPEX model, it offers Engineering, Procurement, construction, and operation of solar projects. In this model, customers invest in the Capital Expenditure at their own and the company does Engineering, Procurement, Construction, and Operation on behalf of the client. Under the RESCO model, agreement is entered into with roof-top owners. The rooftop owners may consume the electricity generated, for which they have to pay a pre decided tariff to it as RESCO developer for the tenure of the agreement. In this model the assets (solar panels and installations) belong to the company. Under RESCO model, it may also develop ground mount project, in which case land for the project is owned by the company, either on freehold or leasehold, as developer of the RESCO Project.

As an ISO 9001:2015 certified company, it is not only installing solar plants but also providing innovative solutions to optimize its production output. It also provides the maintenance services that make sure its solar investment continues to give high volumes of electricity units in the long run. Along with solar, it goes further in the field of manufacturing of LED lighting applications. Being a credible manufacturer and provider of indoor and outdoor LED lights, it incorporates technology for lighting up environments while still, embracing power conservation and environmental conservation as well. Its line of LED lights has established its dominance in industrial facilities, homes, and other places and provides a range of products to consumers who want to utilize an efficient and effective lighting system. There are three divisions in the company viz; Solar Segment, LED Segment and Export (primarily DK USA inc.). It also holds a Foreign Subsidiary Company DK USA Inc. established in 2010 as per the provision prevailing in United States of America. This DK USA Inc. is primarily engaged in the Departmental Stores, Convenience Store, Gas Station.

Business area of the company

The company is engaged in the manufacturing of LED Products, Solar Power Generation System and Power products. It is specialized in providing solar energy solutions to industrial and commercial customers. It offers low carbon energy solutions by installing on-site solar projects such as rooftop and ground-mounted systems. 

Products and servies of the company

Solar Segment

• EPC
• Rooftop Systems (On-Grid)
• Solar Rooftop Systems (Hybrid)
• PV Module
• Grid Tied Inverter
• Module Mounting Structure / Trackers
• Switchyard with Important Equipment

LED Segment

• LED Bulb
• COB LED Down Light
• LED Batten
• LED Panel Light
• LED Street Light
• LED Flood Light
• LED corrosion proof fixture
• T-8 LED Tube
• LED Clean Room Luminaries
• Solar Street Light (All in One)
• Solar Home Lighting
• Solar LED Lantern 

Awards and recognitions

• 2013: Awarded by Best MSME Award for ‘Quality & Environment improvement Measures’ from Government of Gujarat Industries & Mines Department 
• 2014: Again, awarded MSME award for outstanding performance in ‘Quality & Environment Improvement Measures’ from Government of Gujarat Industries & Mines Department 
• 2015: MSME Award for outstanding performance in ‘Quality & Environment Improvement Measures’ from Government of Gujarat Industries & Mines Department 
• 2017: The company has received outstanding achievement award for manufacturing and customer satisfaction in 2017 on the occasion of National Seminar on ‘National Economic Development & Social Responsibility’
• 2023: The company has received leadership excellence award from Gujarat Annual Solar Awards in 2023

History and milestones

• 1999: Founded ‘GRE Electronics’ as a partnership firm 
• 1999: Launched CFL- Energy saving product. 
• 2008: Conversion of the partnership firm - GRE Electronics in to a private limited company under part IX of the Companies Act, 1956 in the name of GRE electronics Pvt. Ltd. 
• 2011: Started ‘D K USA Inc.’ in USA. A wholly-owned subsidiary of GRE Electronics Pvt.Ltd.
• 2012: Entered in LED lightings manufacturing business 
• 2017-18: Diversified into solar projects. The main focus of the company shifted to solar business 
• 2023: The company name changed from GRE Electronics Private Limited to GRE Renew Enertech Private Limited 
• 2024: Converted to Public Limited and consequently name of the company was changed to GRE Renew Enertech Limited. 
• 2025: It has been awarded, pursuant to the Letter of Award dated 27 November 2025, the contract for the development and establishment of a 1,000 kW (AC) rooftop solar project in the National Capital Territory of Delhi in the Rashtrapati Bhawan, President’s estate.