GRE Renew Enertech Ltd
GRE Renew Enertech Limited is a company that specializes in providing solar energy solutions to industrial and commercial customers. We offer green energy solutions by installing on-site solar projects. Our business operations are primarily divided into two segments: Capital Expenditure (CAPEX) and Renewable Energy Service Company (RESCO). Under the CAPEX model, we offer Engineering, Procurement, construction, and operation of solar projects. In this model, customer invest in the Capital Expenditure at their own and our 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 us as RESCO developer for the tenure of the agreement. In this model the assets (solar panels and installations) belong to Our Company. Under RESCO model, we may also develop ground mount project, in which case land for the project is owned by our Company, either on freehold or leasehold, as developer of the RESCO Project. Our Company in the past has not developed any major ground-mount project under RESCO model. However, under the RESCO Model, we have been planning to implement a 7.20 MW (AC) / 9.99 MW (DC) ground mounted solar power project.
Timeline
Subscription
Reports
Offer Details
Terms
Application Sizes
Managers & Registrar
Ownership & Proceeds
Shareholding
Objects of the Issue
- Setting up of 7.20 MW (AC) / 9.99 MW (DC) Ground Mounted Solar Power Plant
- General corporate purposes
Financials
Profit & Loss
| Financial Year | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|
| RevenueCr | 52 | 90 | 80 | 115 |
| Operating ProfitCr | 1 | 11 | 10 | 15 |
| OPM% | 2.5 | 12.7 | 12.2 | 13.3 |
| PBTCr | 2 | 13 | 9 | 16 |
| PATCr | 1 | 10 | 7 | 12 |
| EPS | 1 | 10 | 7 | 12 |
Balance Sheet
| Financial Year | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|
| Equity CapitalCr | 1 | 1 | 11 | 14 |
| ReservesCr | 10 | 20 | 11 | 54 |
| BorrowingsCr | 5 | 5 | 2 | 2 |
| Total AssetsCr | 52 | 49 | 35 | 94 |
Cash Flow
| Financial Year | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|
| Operating Cash FlowCr | -3 | 6 | 9 | 5 |
| Investing Cash FlowCr | 6 | -1 | -12 | -15 |
| Financing Cash FlowCr | -3 | -1 | 0 | 35 |
| Net Cash FlowCr | 0 | 5 | -3 | 25 |
Strengths & Risks
- Comprehensive end-to-end EPC solutions provider with a global execution track record.
- Strong relationship with customers and other key stakeholders.
- Well-equipped with advance technology.
- Experienced Promoters and Technically Sound Operation Team.
- Track record of growth and profitability.
- Long term relationship with clients and repeat business.
- Enhance customer base by entering new geographies.
- Leveraging our Market Skills and Relationships.
- Focus on Quality.
- To build up a Professional Organization.
- The company may be unable to accurately estimate costs under fixed-price EPC contracts, fails to maintain the quality and performance guarantees under its EPC contracts, The company may experience delays in completing the construction of solar power projects, which may increase its construction costs and working capital requirements and thus may have a material adverse effect on the company financial condition, cash flow and results of operations.
- The company operates in a competitive industry and as such its may not be successful in bidding for and winning bids for solar power projects to grow the company business at national level, which may have a material adverse effect its business, financial condition, results of operations and prospects.
- The company has projects mainly concentrated in one state - Gujarat. Any geographical disturbance in Gujarat can heavily adversely affect its business.
- The company business operations relies on consistent solar weather conditions and unfavourable solar weather conditions could have a material adverse effect on its business, financial condition and results of operations.
- The company, inter-alia, bid for projects funded by the Central and State Governments and derives its revenues from the work orders awarded to the company. Any reduction in budgetary allocation to its industry sector may affect the number of projects that the government authorities/bodies may plan to develop in a particular period.
- The company relies on its in-house designing and engineering team for project execution.