GP Eco Solutions India Limited, incorporated in July 2010 as a private company and later converted to a public limited company in November 2023, is a prominent player in India's solar energy sector. The company is an ISO 9001:2015 certified distributor specializing in solar inverters and solar panels. GP Eco Solutions made its public debut on the NSE SME platform on June 24, 2024, marking a significant milestone in its growth journey.
The company has established itself as a trusted name in the renewable energy space through strategic partnerships with leading global manufacturers. As an authorized distributor of Sungrow India Pvt Ltd for Solar Inverters in North India, and for Saatvik Green Energy Private Limited and LONGi Solar Technology Co Ltd for solar panels in North India, GP Eco Solutions has built a robust distribution network across the region.
GP Eco Solutions operates primarily in two key segments that complement each other in the solar energy value chain. The company's core business revolves around distribution activities, where it serves as a crucial link between manufacturers and end customers. Additionally, it serves as an integrated solar energy solutions provider, delivering comprehensive engineering, procurement, and construction (EPC) services to its commercial and residential customers. The company also distributes hybrid solar inverters and lithium ferro-phosphate (LFP) batteries through its own "Invergy" brand, with Invergy being active in the OEM manufacturing of hybrid and LFP products.
The distribution business forms the backbone of the company's operations, leveraging established relationships with renowned manufacturers to bring cutting-edge solar technology to the Indian market. The EPC segment, while currently contributing less than the distribution business, represents a strategic growth area that allows the company to offer end-to-end solutions to customers seeking comprehensive solar installations.
GP Eco Solutions has demonstrated impressive financial growth, particularly in recent periods. Total Income for FY25 stood at Rs. 247.44 Crore against Rs. 138.68 Crore in FY24, marking a growth of 78.43% year-on-year. Revenue from Operations increased to Rs. 246.43 Crore in FY25 from Rs. 138.44 Crore in FY24, registering a growth of 78.00% year-on-year.
The company's profitability metrics also showed positive trends. Profit After Tax (PAT) was Rs. 10.46 Crore in FY25 compared to Rs. 7.33 Crore in FY24, registering a growth of 5.02% year-on-year. Earnings per share (EPS) for FY25 was Rs. 8.85, against Rs. 8.68 in FY24. The Earnings before Interest, Tax, Depreciation, and Amortization (EBITDA) stood at Rs. 16.88 Crore in FY25, as against Rs. 12.30 Crore in FY24, reflecting an increase of 37.24%.
- FY2025 Performance:
- Total Income: Rs. 247.44 Crore (up 78.43% YoY)
- Revenue from Operations: Rs. 246.43 Crore (up 78.00% YoY)
- Profit After Tax (PAT): Rs. 10.46 Crore (up 5.02% YoY)
- Earnings Per Share (EPS): Rs. 8.85
- EBITDA: Rs. 16.88 Crore (up 37.24% YoY)
- FY2024 Performance:
- Total Income: Rs. 138.68 Crore
- Revenue from Operations: Rs. 138.44 Crore
- Profit After Tax (PAT): Rs. 7.33 Crore
- Earnings Per Share (EPS): Rs. 8.68
- EBITDA: Rs. 12.30 Crore
- Quarterly Performance (Q4 FY24):
- Revenue: Rs. 57.93 Crores
- Net Profit: Rs. 2.29 Crores
- Summary Metrics (Illustrative, exact date context for Revenue/Profit might vary):
- Revenue: Rs. 240 Crores (Likely referring to FY25 or recent annualized)
- Profit: Rs. 10.2 Crores (Likely referring to FY25 or recent annualized)
GP Eco Solutions India Ltd has a market capitalisation of Rs. 607 Crores as on July 8, 2025. As per Value Research classification, it is a Small Cap company. The company's stock has shown remarkable performance since its listing, reflecting investor confidence in the solar energy sector and the company's growth prospects.
GP Eco Solutions India Ltd has given a return of 23.81% in the last 1 year. The company's 52-week high is Rs. 535 and 52-week low is Rs. 212.2, indicating significant volatility but overall positive momentum in the stock price.
The company's valuation metrics reflect its growth trajectory and market positioning.
- Price-to-Book (P/B) Ratio: 23.09 times (as on July 8, 2025), representing a 13% discount to its peers' median range of 26.54 times.
- Price-to-Earnings (P/E) Ratio: 58.55 times (as on July 8, 2025), representing a 42% premium to its peers' median range of 41.21 times.
- Managing Director: Deepak Pandey
- Promoter Holding: 62.2%
- Promoter Pledging: None (indicating strong promoter confidence and financial stability)
- Acquisition: On June 21, 2025, GP Eco Solutions acquired 51% of AN3 Techno Power for Rs. 2.95 Crores, thereby expanding its energy storage capabilities.
- Capital Raising: On June 17, 2025, the company undertook a preferential allotment of 1.2 lakh shares and 1.2 lakh warrants at Rs. 348 each, successfully raising Rs. 8.35 Crores.
The company is establishing a 1.2 GW Solar Module Factory. This solar module plant is expected to boost domestic manufacturing capabilities and support India's clean energy growth. This represents a significant expansion into manufacturing, which could provide the company with better margins and greater control over its supply chain.
GP Eco Solutions is well-positioned to capitalize on India's growing renewable energy market, supported by government initiatives and increasing adoption of solar energy across various sectors. The company's established distribution network, strategic partnerships, and expansion into manufacturing position it favorably for sustained growth in the evolving energy landscape.
