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GK Energy Ltd (GKENERGY)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 544525 NSE: GKENERGY Engineering - Construction | Small Cap | GK Energy Share Price

₹119.45 -2.70 (-2.21%)

As on 29-Sep'26 16:59

GK Energy Ltd (GKENERGY)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 544525 NSE: GKENERGY Engineering - Construction | Small Cap | GK Energy Share Price

₹119.45 -2.70 (-2.21%)

As on 29-Sep'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹2,423 Cr.
Current Price
₹119.5
52-Week Low / High
₹88 / 239
TTM EPS
₹11.2
TTM Sales
₹1,896 Cr.
Book Value per Share
₹46.7
P/E Ratio
10.69
Lower than its 5-year historical median
Industry PE
23.6
Price to Book (P/B)
2.56
Lower than its 5-year historical median
Price to Sales (P/S)
1.28
Lower than its 5-year historical median
EV/EBITDA
6.32
Lower than its 5-year historical median
Dividend Yield
0.42%
Profitability Efficiency
Return on Equity (ROE)
37.26%
Outperforms industry median
Return on Capital Employed (ROCE)
41.41%
Outperforms industry median
Return on Assets (ROA)
21.63%
Operating Profit Margin
18%
Net Profit Margin
11.91%
Gross Profit Margin
16.2%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Slowing versus 3-year growth rate
39.98%
Operating Profit Growth (1 Year)
-
54.81%
Net Profit Growth (1 Year)
-
53.37%
Asset Quality
Promoter Holding
79.20%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹907 Cr.
Equity
₹40.6 Cr.
Face Value
₹2
All Time Low / High
₹87.54 / 239.45

GK Energy stock performance

Key Ratios
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Check Before You Invest

Valuation

Somewhat Undervalued

Price Trend

Weak
Q.1 Is GK Energy Ltd a good quality company?
GK Energy Ltd is a weak quality company, based on a inconsistent multi-year financial track record.

This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.

We have analysed the performance of the company on the following:

  • How has it performed on generating Profits?

    By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.

  • How efficiently has it utilized Capital?

    By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.

  • How is it managing its Debt?

    By checking its Debt to Equity and Cash Flow from Operations.

How does GK Energy Ltd performance compare with that of its Peers?
Q.1 Revenue growth of GK Energy Ltd vs industry peers?
GK Energy Ltd revenue CAGR is 0.00%, compared to the industry median CAGR of 0%, indicating stable growth and maintaining its market share.
Q.1 Promoter shareholding and pledge status of GK Energy Ltd?
Promoters hold 79.20% of the GK Energy Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Stock return of GK Energy Ltd over the last decade?
Over the last 1 year(s), the stock has delivered a CAGR of -27.2% based on the current price.

10 Year X-Ray :

Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
GK Energy Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation ⓘ

Mar'22Mar'23Mar'24Mar'25Mar'26TTM
ROCE % ⓘ14.1%35.7%60.2%74.3%40.9%-
Value Creation
Index ⓘ
0.01.63.34.31.9-

Growth Parameters ⓘ

Sales ⓘ70.42854111,0951,5331,742
Sales YoY Gr.-304.6%44.2%166.3%40%-
Adj EPS ⓘ0.10.62.17.89.911
YoY Gr.-400%256.7%265.9%26.7%-
BVPS (₹) ⓘ0.71.23.312.343.646.6
Adj Net
Profit ⓘ
1.610.136.1133201224
Cash Flow from Ops. ⓘ0.6-14.9-4.9-98.652.9-
Debt/CF from Ops. ⓘ42.5-2.9-12.8-2.23.8-

CAGR ⓘ

9 Years 5 Years 3 Years 1 Years
Sales ⓘNANA75.2%40%
Adj EPS ⓘNANA154.8%26.7%
BVPSⓘNANA233.1%254.9%
Share Price - - - -26.4%

Key Financial Parameters ⓘ

Mar'22Mar'23Mar'24Mar'25Mar'26TTM
Return on
Equity % ⓘ
1769.695.2100.536.824.5
Op. Profit
Mgn % ⓘ
7.1613.118.219.818.9
Net Profit
Mgn % ⓘ
2.23.58.812.213.112.9
Debt to
Equity ⓘ
2.72.11.110.2-
Working Cap
Days ⓘ
0123145117149147
Cash Conv.
Cycle ⓘ
04256618988

Valuation of GK Energy - Consolidated

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

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Analyst's Notes

data not found
No data found!

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Financials

PARTICULARSMar'24Mar'25Mar'26
Sales4111,0951,715
Operating Expenses ⓘ + 3578951,406
Manufacturing Costs25162179
Material Costs3117031,180
Employee Cost 81829
Other Costs ⓘ 131219
Operating Profit ⓘ 54200309
Operating Profit Margin (%) 13.1%18.2%18.0%
Other Income ⓘ + 149
Exceptional Items ⓘ 000
Interest ⓘ 62241
Depreciation ⓘ 114
Profit Before Tax ⓘ 48180274
Tax ⓘ 124770
Profit After Tax 36133204
PAT Margin (%) 8.8%12.2%11.9%
Adjusted EPS (₹)2.17.810.1
Dividend Payout Ratio (%)0%0%5%
PARTICULARSMar'24Mar'25Mar'26

Equity and Liabilities

Shareholders Fund + 56209888
Share Capital ⓘ 1.3034.0340.56
Reserves ⓘ 55175847
Debt +48191191
Long Term Debt161215
Short Term Debt32178176
Minority Interest000
Trade Payables67117135
Others Liabilities ⓘ 436791
Total Liabilities ⓘ 2145841,305

Fixed Assets

Net Fixed Assets ⓘ +1114110
Gross Block1418117
Accumulated Depreciation348
CWIP ⓘ 000
Investments ⓘ 000
Inventories206058
Trade Receivables152361589
Cash Equivalents flag ⓘ 1063443
Others Assets ⓘ 2286105
Total Assets ⓘ 2145841,305
PARTICULARSMar'24Mar'25Mar'26
Cash Flow From Operating Activity ⓘ + -5-9950
PBT ⓘ 48180274
Adjustment ⓘ 62139
Changes in Working Capital ⓘ -53-250-198
Tax Paid ⓘ -6-50-64
Cash Flow From Investing Activity ⓘ + -10-53-136
Capex -5-5-99
Net Investments 00-0
Others ⓘ -4-48-37
Cash Flow From Financing Activity ⓘ + 15152420
Net Proceeds from Shares ⓘ 020474
Net Proceeds from Borrowing ⓘ 6-43
Interest Paid ⓘ -6-22-41
Dividend Paid ⓘ 000
Others ⓘ 15158-16
Net Cash Flow ⓘ 00334
PARTICULARSMar'24Mar'25Mar'26
Ratios
ROE (%)64.49100.5237.26
ROCE (%)45.9974.3441.41
Asset Turnover Ratio1.922.751.82
PAT to CFO Conversion(x)-0.14-0.740.25
Working Capital Days
Receivable Days134.9085.50101
Inventory Days17.6013.3012.60
Payable Days78.2047.7039

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Announcements

GK Energy Ltd FAQs

The current trading price of GK Energy on 29-Sep-2026 16:59 is ₹119.5.

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 28-Sep-2026 the market cap of GK Energy stood at ₹2,422.7 Cr

The latest P/E ratio of GK Energy as of 28-Sep-2026 is 10.81.

The latest P/B ratio of GK Energy as of 28-Sep-2026 is 2.57.

The 52-week high of GK Energy is ₹239.4 and the 52-week low is ₹87.54.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of GK Energy is ₹1,742 ( Cr.) .

Past 10 year’s financial track record analysis by Moneyworks4me indicates that GK Energy Ltd is a below average quality company.

The key valuation ratios of GK Energy Ltd's currently when compared to its past seem to suggest it is in the Somewhat Undervalued zone.

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of GK Energy Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

About GK Energy Ltd

GK Energy Limited was originally incorporated as ‘GK Energy Marketers Private Limited’, a private limited company under the provisions of the Companies Act, 1956, at Pune, Maharashtra, pursuant to a certificate of incorporation dated October 14, 2008, issued by the RoC. Thereafter, pursuant to a resolution passed by its Board on March 11, 2024, and by its Shareholders on June 3, 2024, the name of Company was changed from ‘GK Energy Marketers Private Limited’ to ‘GK Energy Private Limited’ to align the name of the company with its business activities the certificate of incorporation pursuant to the change of name of the company was issued by the registrar of companies, Central Processing Centre on July 20, 2024. The company was subsequently converted from a private company to a public company, pursuant to a resolution passed by its Board on October 9, 2024, and by its Shareholders on October 19, 2024, consequent to which its name was changed to “GK Energy Limited” and a fresh certificate of incorporation consequent upon conversion to public company was issued by the RoC on December 2, 2024.

The company is India’s largest pure play provider of engineering, procurement and commissioning (EPC) services for solar-powered agricultural water pump systems (which are also referred to as solar-powered pump systems) under Component B of the Central Government’s Pradhan Mantri Kisan Urja Suraksha evam Utthan Mahabhiyan scheme (the PM-KUSUM Scheme) as measured by the number of solar-powered pump systems installed under the PMKUSUM Scheme in the period from January 1, 2022 to July 31, 2025. It offers farmers an end-to-end single source solution for the survey, design, supply, assembly and installation, testing, commissioning and maintenance of solar-powered pump systems. 

It primarily provides the EPC for solar-powered pump systems, which comprises direct-to-beneficiary sales and sales to others. Direct-to-beneficiary sales comprise (i) the EPC of GK Energy brand solar-powered pump systems to farmers who chose the company as their vendor on portals of agencies appointed by state governments (known as state nodal agencies or state implementing agencies (SNAs/SIAs)) wherein the orders are placed with the company by SNAs/SIAs under the PM-KUSUM Scheme and similar state government schemes, and (ii) the EPC of GK Energy brand solar dual water pump systems (solar-powered pump systems that include water storage) to local government bodies. Sales to others comprise the EPC of solar-powered pump systems under orders placed by customers directly with the Company.

It also offers other EPC services, comprising (i) the erection and installation of water storage and distribution facilities under Jal Jeevan Mission, a Central Government scheme operated through urban local bodies, (ii) the supply and installation of various solar products for government agencies and (iii) rooftop solar solutions (together, “Other EPC Services”). In addition, it sells photovoltaic (PV) cells and solar modules manufactured by third parties and other miscellaneous products (Trading Activities).

Business area of the company

GK Energy and its subsidiary are primarily into the business of design, manufacture, supply, transport, installation, testing and commissioning of decentralized solar systems primarily focused on Solar Photovoltaic Water Pumping Systems popularly known as Solar Agricultural Pumps and other ancillary Services. In addition, the subsidiary is in the business of manufacturing of solar panels.

Products of the company 

  • Solar agriculture pump
  • Solar photovoltaic module
  • Solar water pump controller
  • Solar roof top

Major events and milestones

  • 2008: Commenced operations in relation to solar water heaters.
  • 2011: Awarded consultancy assignment for development of clean development mechanism (CDM) project for solar water heater installation by the Ministry of New and Renewable Energy, United Nations Development Programme/ Government Environment Facility, Government of India.
  • 2012: Developed performance measuring standards, test procedures and test protocols for concentrating solar technologies to be used in process heat application along with University of Pune under MNRE – Global Environment Facility - United Nations Development Programme.
  • 2013: Installed and commissioned 1767 solar home lights and 276 solar street lighting systems under the remote village electrification programme for 40 villages in Gadchiroli district of Maharashtra.
  • 2015: Installed 2 KW solar power plants at 67 zilla parishads e-learning schools in Pune.
  • 2015: Entered into an agreement with Savitribai Phule Pune University for the purpose of undertaking projects in renewable energy, energy conservation, energy promotion and utilization to conserve environment by reducing greenhouse gas emission in consultation with the School of Energy Studies of Savitribai Phule Pune University as technology provider.
  • 2016: Entered into an agreement with Sanjivani Rural Educational Society for installation of 500 kW Grid-tied Rooftop Solar Photovoltaic System.
  • 2016: Commenced business of installation of solar pumps in Chhattisgarh Under Saur Sujala Yojana -1.
  • 2016: Installed more than 1 MW of solar panels across different projects in a year.
  • 2016: Commenced operations in Jharkhand for designing, manufacturing, testing, supplying, installation & commissioning of grid connected rooftop SPV power plants of different capacities.
  • 2019: Installed solar agricultural pump in Maharashtra under the Atal Saur Krushi Pump Yojana-II.
  • 2021: Commenced operations under PM Kusum Component-B Solar Pump scheme in the states of Maharashtra, Haryana and Punjab.
  • 2023: Received first work order under PM Kusum Component-B Solar Pump scheme from Rajasthan followed by Uttar Pradesh
  • 2023: Crossed milestone of Rs 100 crore turnover in a year
  • 2024: Installed more than 16,800 pumps in a year.
  • 2024: Empanelled with Maharashtra State Electricity Distribution Company Limited for installation solar rooftop.

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